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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 the twinned-hole drilling program launched at its Swanson Gold Deposit (‘Swanson’). The Company announced, in its October 6, 2025 news release, that it had engaged Environmental Resources Management (‘ERM’),1 a globally renowned sustainability and environmental consultant firm, to complete a Preliminary Economic Assessment (‘PEA’) for the purpose of restarting gold production at the Company’s wholly-owned Beacon Gold Mill using mineralized material from Swanson Gold Deposit.

The twinned-hole drilling program at Swanson will consist of 10 holes intended to collect data for:

  1. Validating historical drilling completed at Swanson to augment confidence in the geological model and increase confidence in the mineral resource categories;

  2. Validating the continuity and scale of the mineralized system and the potential for further expansion at Swanson (refer to press release dated September 24, 2025, for recently announced drill results);

  3. Collecting drill core material for ongoing ore-sorting and metallurgical test work, and;

  4. Providing necessary information to advance deposit interpretation and to enhance the current Mineral Resource Estimate for the purpose of delivering a technically robust PEA, as the Company works to expand its land package and known resources.

The twinned-hole program has been structured to target sectors as close as possible to historical drill hole locations, which have been chosen based on a preliminary review of the parameters that would likely determine the economic viability of a potential open-pit operation (Figure 1), with the intentions to transport mineralized material from the Swanson site for processing at the Company’s Beacon Gold Mill. With the extensive historical data at the Swanson deposit (in excess of 36,000 metres of historical drilling in 242 drill holes), the Company benefits from a wealth of information to base the study upon as well as high-grade, significant intervals such as historical holes SW-03-07** defining 69.3 metres at 3.03 g/t Au and BAR31-84* defining 51.0 metres at 3.46 g/t Au.

The majority of historical drill data within the pit limits originate from work conducted by Lac Minerals between 1982 and 1987, Phoenix Matachewan Mines in 2003, and from Agnico-Eagle Mines between 2006 and 2011. The twinned-hole drilling intends to confirm the continuity of the high-grade shear zones identified in the current Mineral Resource Estimate as part of the data verification process for the PEA. In addition, the twinned-hole program will infill gaps in the existing resource model that connects previously disconnected zones of mineralization, where historical sampling may have been poor or non-existent, potentially improving the estimate of total gold ounces and a lower strip ratio.

The Swanson Gold Deposit and Beacon Gold Mill benefit greatly from close proximity, and both are geographically positioned in one of the world’s largest and most established gold-producing regions, the Abitibi Greenstone Belt (Figure 2 and Figure 3). Substantiating the high-grade potential and scalability at Swanson, combined with the Company’s own processing infrastructure at Beacon, presents a rare, vertically integrated gold production scenario.

Paul Teniere, CEO of LaFleur Minerals comments, ‘Advancing the Beacon Gold Mill to restart gold production with gold prices at record levels above $4,000 per ounce offers amazing economic potential. We are well underway to completing a comprehensive PEA for the restart of the Beacon Gold Mill and at the suggestion of ERM, we are nearing completion of twinning historical holes that form the basis of the mineral resource at our Swanson Gold Deposit, with the intention to supply mineralized material from Swanson to the Beacon Gold Mill. We aim to have the PEA completed as soon as assay results on the twinned holes are received in the coming weeks.’

Preliminary Economic Assessment Study: Confirmation Drilling

The purpose of the confirmation drilling is to verify historical drill hole data that forms the basis of the current Mineral Resource Estimate, supporting the PEA by confirming the location, grade, and continuity of the gold mineralization at Swanson. This process involves drilling new holes near historical drill holes and analyzing core samples to ensure the historical data is reliable and can be incorporated into the current resource model. Historical data, particularly from old underground drilling, often needs independent confirmation to ensure the data meets the grade, resource size, and metallurgical assumptions.

Historical near surface drill holes, within the pit shell, include SW-03-07** with 69.3 metres at 3.03 g/t Au and BAR31-84* with 51.0 metres at 3.46 g/t Au. Other significant historical near-surface intersections include:

Table 1: Significant Historical Intersections within the Pit Shell at Swanson Gold Deposit

Hole-ID From (m) To (m) Length (m) Au (g/t)
BAR04-82* 88.39 112.78 24.39 6.06
BAR29-84* 78.00 156.00 78.00 2.00
BAR31-84* 33.00 84.00 51.00 3.46
BAR33-84* 82.50 106.50 24.00 4.91
BAR37-85* 46.50 153.00 106.50 1.16
BAR47-85* 91.50 129.00 37.50 2.75
BAR50-85* 54.00 99.00 45.00 2.32
BAR52-85* 55.50 78.00 22.50 4.71
SW-03-07** 20.20 89.50 69.30 3.03
SW-06-13*** 42.00 99.00 57.00 1.94
SW-06-18*** 6.00 82.70 76.70 1.31

 

*Data from drill hole database and report by Lac Minerals (Crepeau, 1985) (GM40707)
*Data from drill hole database and report by Pheonix Matachewan (Bourgoin, 2003) (GM60470)
*Data from drill hole database and report by Agnico-Eagle (Villeneuve, 2006) (GM63152)

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Figure 1: Swanson Gold Deposit and Pit Shell — Twin Holes (in blue)

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Figure 2: Location of the Swanson Gold Deposit and Beacon Gold Mill in the Val-d’Or Mining Camp

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Figure 3: Location of the Swanson Gold Deposit and Beacon Gold Mill

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Beacon Gold Mill Restart Update

LaFleur is advancing the restart of its fully-permitted Beacon Gold Mill, a recently modernized and upgraded 750-tonne-per-day facility equipped with crushing, grinding, flotation, regrind, leaching, and Merrill-Crowe circuits. The mill, currently under care and maintenance since March 2023, is undergoing a comprehensive mechanical, operational and electrical review ahead of recommissioning using existing mineralized stockpiles.

Recommissioning activities are well underway, focusing on upgrades and repairs to the filter presses, tailings pump box, leach tanks, pumps, motors, air systems, monitoring instruments, along with the installation of a gravity concentrator circuit. Recruitment for key operational roles-including a Mill Manager, Maintenance Superintendent, Electricians, Millwrights, and Plant Operators (mill clerk, procurement and warehousing personnel)-is in progress to support an efficient restart.

LaFleur has also estimated approximately 10,000-20,000 tonnes of mineralized stockpiles remaining on site; however, the exact number will be confirmed as the mill restart program advances (Figure 4). These stockpiles will serve as feed for initial trial runs, enabling the Company to fine-tune operations ahead of launching its full production. While the quantity and grade remain conceptual (there has been insufficient work to define a mineral resource), these efforts mark a significant milestone toward near-term gold production and cash flow generation from a strategic, wholly-owned asset in Val-d’Or, Québec, one of the best and most established mining camps in the world. Recently announced regional M&A and consolidation signals that major global producers are aggressively entering the Val-d’Or camp to secure long-life, low-risk gold assets, validating the view that Val-d’Or is one of the most strategic and investable gold regions globally. With LaFleur’s Beacon Gold Mill and Swanson Gold Project located in the same Val-d’Or-Abitibi mining camp and belt as many of these M&A targets, this increases the strategic importance of Beacon Gold Mill as regional infrastructure in a growing production corridor. Valuations set through regional M&A also establishes a district pricing precedent that may re-rate the entire Val-d’Or peer group upward, suggesting that LaFleur’s Beacon-Swanson combination could be substantially undervalued by comparison. In addition, the current gold price environment, hovering near historic highs around US$4,000/oz, significantly enhances the economic appeal of LaFleur’s Beacon Gold Mill restart, offering strong margins, accelerated payback potential, and exceptional leverage to gold in a fully permitted, near-term production setting.

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Figure 4: Stockpiled Material at the Beacon Gold Mill

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Qualified Person Statement

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 for the purposes of NI 43-101. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration and drilling activities on its exploration projects.

About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the restart of gold production at its 100% owned Beacon Gold Mill and 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 spans approximately 18,304 hectares (183 km²) in size and comprises several prospects rich in gold and critical metals previously explored 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, as well as several other showings, which comprise the Swanson Gold Project. The Swanson Gold Project is easily accessible by road, providing direct access to several nearby gold mills and further enhancing its development potential. LaFleur Minerals’ fully-refurbished and permitted Beacon Gold Mill, which was upgraded at $20M expense in 2022) 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 if management’s beliefs, estimates or opinions, or other factors, should change.

1 October 6, 2025, News Release: Link

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What if Sen. Bernie Sanders is right and Federal Reserve Chair Jerome Powell is wrong?

What if the AI revolution causes mass layoffs of American workers, as the Vermont senator warned in a recent Fox News op-ed? And what if Powell is wrong that the softening labor market is due primarily to supply issues — lower immigration and a lower labor participation rate — rather than AI-produced ‘efficiencies’?

What will be the response of policymakers? What should it be?

AI will soon become a political battleground. Democratic socialist Sanders, ever the class warrior, has already questioned whether AI will help all Americans or only ‘a handful of billionaires.’ Like the trade deals that sent millions of jobs overseas, Sanders worries that the massive investment flowing into AI could result in up to 100 million Americans losing their jobs over the next decade. He could be right; imagine the repercussions.

Young people are already losing faith in capitalism and cozying up to socialism. Two-thirds of Democrats now view socialism more positively than capitalism. Nothing could undermine our capitalist system faster than widespread job losses stemming from a tech breakthrough cheered by the investor class.

Artificial intelligence will be a ‘fundamental infrastructure’ for every company, NVIDIA CEO predicts

This is the critical issue of our day — one getting scant attention, even from self-described ‘data-driven’ Powell, who is perennially looking backward rather than forward. In his latest press conference, Powell answered one question about employment by saying, ‘The supply of workers has dropped very, very sharply due to mainly immigration, but also lower labor force participation. So, and that means there’s less need for new jobs, because there’s — there isn’t this flow into the pool of labor where people need jobs.’ Excuse me, what?

The economy is growing, yet hiring is declining. Though the government shutdown has blocked the usual monthly labor reports, plenty of data suggests the job market is weakening. Companies are increasingly citing AI investment as a factor in lower headcounts.

Corporate America is spending tens of billions of dollars on AI, promising shareholders great gains in productivity. But where will that productivity come from, other than reducing headcounts? Certainly, people armed with artificial intelligence can deliver information and analyses more rapidly, making themselves and their organizations more productive. But ultimately, it will also make some people redundant and slow new hiring. The impact on America’s labor market will be profound — and is largely being ignored.

Blue-collar jobs among those least threatened by artificial intelligence

Amazon recently announced it was laying off 14,000 employees. A top human resources official at the firm sent a note titled ‘Staying nimble and continuing to strengthen our organizations.’ She wrote that ‘the world is changing quickly. This generation of AI is the most transformative technology we’ve seen since the Internet, and it’s enabling companies to innovate much faster than ever before.’

What kinds of workers are at risk? Factory workers and truck drivers, for sure, who are already being replaced by robots and AI — but also white-collar employees. Fortune notes that the Amazon layoffs ‘show it’s coming for middle management first.’ The world’s largest retailer employs about 1.5 million people; 14,000 is a drop in the bucket. But the trend is worrisome — and for those 14,000 people, devastating.

Amazon is not alone. UPS recently announced it has cut 48,000 jobs this year — 14,000 management positions and 34,000 in operations. UPS started the year with about 500,000 employees. Target also made headlines recently, saying it will cut 8% of its corporate workforce — its first significant layoffs in a decade.

Outplacement firm Challenger, Gray & Christmas cites market and economic conditions as the main reason for most corporate layoffs to date but also points to AI. That makes sense. After all, the economy is growing briskly — second-quarter real GDP growth was 3.8%, and it looks like we’ll see robust expansion for the third quarter as well.

Artificial intelligence drives the demand for the electric grid

There has never been a faster adoption of new technology. Already, an estimated one-third of Americans use AI; ChatGPT receives 5.4 billion visits per month. Global AI revenues are expected to total $391 billion this year and could reach $3.5 trillion by 2033. These estimates may be optimistic, but top tech firms are investing about $400 billion this year alone to expand capacity, according to The Wall Street Journal. They clearly believe the projections.

Bernie Sanders aside, no one should want to halt the AI revolution. Artificial intelligence promises extraordinary advances in medicine and other sciences — and could radically improve education for America’s children.

It’s also largely American companies that will benefit from the explosion in AI spending, reaping the profits and influence that come with global dominance of a new technology. Rising productivity will spur hiring in certain industries and boost real wages. It will also allow for the retirement of the 20-plus million baby boomers still working.

But there may well be a period of adjustment when layoffs exceed job creation. Unemployment may rise, fueling anger at the innovations producing more out-of-work Americans and resentment toward the companies behind the disruptions.

Lawmakers and financial leaders need to be prepared for this possibility — one that could deepen voters’ growing affection for socialism and rejection of capitalism. That would be a disaster for a country that has outperformed every other nation on Earth, producing unprecedented opportunity and wealth.

Otherwise, it will be Bernie Sanders and his left-wing colleagues dictating the response. Sanders advocates a 32-hour workweek with no loss in pay, giving workers significantly more power and imposing a ‘robot tax’ on big tech companies. Such measures would slow American competitiveness and growth, as they have in Europe.

We cannot allow that to happen.

This post appeared first on FOX NEWS

(TheNewswire)

Laurion Mineral Exploration Inc.

Toronto, Ontario November 4, 2025 TheNewswire – Laurion Mineral Exploration Inc. (TSX.V: LME | OTC: LMEFF) (‘LAURION’ or the ‘Corporation’) is pleased to announce encouraging results from its 7,700-metre Summer 2025 drill exploration program at the 100%-owned Ishkõday Project, located 220 km northeast of Thunder Bay in Greenstone, Ontario. The first five drill results were announced in the Corporation’s press releases dated August 19, 2025 and September 23, 2025, respectively, which targeted the high-grade gold-bearing vein systems of the Sturgeon River Mine area. Reference is also made to the Corporation’s press releases dated September 5, 2025, May 27, 2025 and May 8, 2025.

The reported drill holes below, LME25-061 and LME25-062, totalling 954 m were designed to evaluate the mineralized system at the historic Brenbar Mine area, stepping out to the north and northeast of the of the historic mine shaft.

Highlights of Drill Holes LME25-061 and LME25-062

LME25-061

  • 2.70 m @ 0.22 g/t Au from 152.6 m to 155.3 m

  • 2.50 m @ 0.20 g/t Au from 167.5 m to 170 m

  • 2.25 m @ 0.88 g/t Au from 213.85 m to 216.10 m, including 1.70 m @ 1.10 g/t Au from 214.4 m

LME25-062

  • 3.00 m @ 0.49 g/t Au from 304.0 m to 307 m, including 1.0 m @ 1.34 g/t Au from 304.0 m

  • 2.00 m @ 0.50 g/t Au from 111.0 m to 113.0 m, including 0.5 m @ 1.45 g/t Au from 111.80 m

  • 1.20 m @ 0.76 g/t Au from 105.7 m to 106.9 m, including 0.7 m @ 1.07 g/t Au from 105.7 m

  • 1.05 m @ 2.68 g/t Au from 117.6 m to 118.65 m, including 0.5 m @ 5.18 g/t Au from 118.15 m

  • 1.15 m @ 0.39 g/t Au from 310.7 m to 311.85 m

  • 1.10 m @ 1.63 g/t Au from 454.4 m to 455.5 m

These new intercepts not only confirm the continuity of gold-bearing structures near the Brenbar Shaft, but also demonstrate how far our understanding of Ishk õ day has advanced since the early 2010 drilling campaigns,’ said Cynthia Le Sueur-Aquin, President and CEO of Laurion Mineral Exploration Inc. ‘Our 2025 drill core is fully oriented, allowing precise structural interpretation and integration into our evolving 3D geological model — a critical step toward defining the geometry and scale of the mineralized system.’

The 2025 drill program targeted a cluster of complex folded gold-bearing vein structures in the Brenbar Shaft namely No 1, 2, 2A and No. 7 vein sets confirmed in historic drilling by Prodigy Gold Inc. ( Jamie Solomon & Jerry Light, June 13, 2011 ). That work returned multiple higher-grade intercepts, including 3.77 g/t Au over 1.30 m and 1.33 g/t Au over 1.0 m in BB09-03 , 5.50 g/t over 2.5 m, 1.39 g/t Au over 1.0 m and 1.47 g/t Au over 1.0 min BB09-04 , 2.29 g/t Au over 1.10 m and 0.39 g/t Au over 15.90 m in BB09-09 , 0.549 g/t Au over 12.50 m in BB09-10 , and 1.56 g/t Au over 1.0 m, 0.51 g/t Au over 6.30 m, 3.26 g/t Au over 0.80 m and 0.66 g/t Au over 8.20 min BB10-27 which tested No. 15 Vein, #25 trench vein . The results confirm high-grade quartz-vein hosted gold within sheared volcanic rocks. They provide the basis for LAURION’s 2025 program to test continuity and strike length at Brenbar, and to collect oriented core for detailed structural analysis and 3D modeling.

Table of Assays for Drill Holes for LME25-061 and LME25-062

Hole ID

From (m)

To (m)

Core Length (m)

Au (g/t)

LME25-061

38.1

38.9

0.8

0.395

LME25-061

152.6

155.3

2.7

0.224

Including

154.3

155.3

1

0.323

LME25-061

167.5

170

2.5

0.198

LME25-061

179.4

180.15

0.75

0.336

LME25-061

187.6

188.7

1.1

0.264

LME25-061

213.85

216.1

2.25

0.881

including

214.4

215.1

1.7

1.101

Including

214.4

215.1

0.7

1.27

Note: (Intervals represent core length; true widths are estimated at ~70–90% of reported intervals.)

Hole ID

From (m)

To (m)

Core Length (m)

Au (g/t)

LME25-062

20.70

21.20

0.50

1.025

LME25-062

105.70

106.90

1.20

0.762

including

105.70

106.40

0.70

1.065

LME25-062

111.00

113.00

2.00

0.502

including

111.00

111.80

0.80

0.215

including

111.80

112.30

0.50

1.455

LME25-062

117.60

118.65

1.05

2.684

including

118.15

118.65

0.50

5.18

LME25-062

143.90

144.40

0.50

0.654

LME25-062

148.70

149.20

0.50

0.533

LME25-062

166.00

166.50

0.50

0.595

LME25-062

168.00

168.50

0.50

2.300

LME25-062

216.60

217.10

0.50

0.450

LME25-062

222.00

222.70

0.70

0.313

LME25-062

253.80

254.40

0.60

0.559

LME25-062

304.00

307.00

3.00

0.494

Including

304.00

305.00

1.00

1.340

LME25-062

310.70

311.85

1.15

0.394

including

311.35

311.85

0.50

0.771

LME25-062

322.90

324.00

1.10

0.792

LME25-062

366.50

367.30

0.80

0.330

LME25-062

454.40

455.50

1.10

1.625

LME25-062

564.90

565.40

0.50

0.815

Note: (Intervals represent core length; true widths are estimated at ~70–90% of reported intervals.)

Drill Hole ID

Azimuth

Dip

Depth (m)

LME25-061

170

-60

330

LME25-062

160

-50

624

TOTAL

954

Sampling and QA/QC Protocols

All drill core is transported and stored inside the core facility located at the Ishkõday Project in Greenstone, Ontario. LAURION employs an industry standard system of external standards, blanks and duplicates for all of its sampling, in addition to the QA/QC protocol employed by the laboratory. After logging, core samples were identified and then cut in half along core axis in the same building and then zip tied individually in plastic sample bags with a bar code. Approximately five or six of these individual bags were then stacked into a ‘rice’ white material bag and stored on a skid for final shipment to the laboratory.

All core samples were shipped to the ALS facility in Thunder Bay, Ontario, which were then prepared by ALS Global Geochemistry in Thunder Bay and analyzed by ALS Global Analytical Lab in North Vancouver, British Columbia. Samples are processed by 4-acid digestion and analyzed by fire assay on 50 g pulps and ICP-AES (InductivelyCoupledPlasma – AtomicElement-Spectroscopy). Over limit analyses are reprocessed with gravimetric finish.

A total of 5% blanks and 5% standard are inserted randomly within all samples. 5% of the best assay result pulps were sent for re-assays. All QAQC were verified, and no contamination or bias have been observed. The remaining half of the core, as well as the unsampled core, is stored in temporary core racks at the core logging facility in Beardmore and moved to the core storage facility at the Ishkõday Project.

Qualified Person

The technical contents of this release were reviewed and approved by Jean-Philippe Paiement, PGeo, MSc, a consultant to LAURION and a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects .

About Laurion Mineral Exploration Inc.

The Corporation is a mid-stage junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 274,097,283 outstanding shares, of which approximately 73.6% are owned and controlled by insiders who are eligible investors under the ‘Friends and Family’ categories.

LAURION’s emphasis is on the exploration and development of its flagship project, the 100% owned mid-stage 57 km 2 Ishkõday Project, and its gold-rich polymetallic mineralization.

LAURION’s chief priority remains maximizing shareholder value. A large portion of the Corporation’s focus in this regard falls within the scope of its mineral exploration activities and more specifically, advancing the Ishkõday Project. A consequence of LAURION’s success and advancement over the past several years is that the Corporation has become positioned as an acquisition target for appropriate potential acquirors. Accordingly, the Corporation’s Board of Directors is aware that possible strategic alternatives and transactional opportunities may arise and/or could be procured in the short or medium terms. The Corporation will promptly issue a press release if any material change occurs.

FOR FURTHER INFORMATION, CONTACT:

Laurion Mineral Exploration Inc .

Cynthia Le Sueur-Aquin – President and CEO

Tel: 1-705-788-9186 Fax: 1-705-805-9256

Douglas Vass – Investor Relations Consultant

Email: info@laurion.ca

Website: http://www.LAURION.ca

Follow us on: X (@LAURION_LME ), Instagram (laurionmineral) and LinkedIn ( )

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation’s current expectations regarding future events including with respect to LAURION’s business, operations and condition, management’s objectives, strategies, beliefs and intentions, the Corporation’s ability to advance the Ishkõday Project, the nature, focus, timing and potential results of the Corporation’s exploration, drilling and prospecting activities in 2025 and beyond, including the Corporation’s diamond drill program described in this press release and the Corporation’s other planned activities for the Ishkõday Project for the remainder of 2025, and the statements regarding the Corporation’s exploration or consideration of any possible strategic alternatives and transactional opportunities (including, without limitation, the Corporation’s engagement of third party advisors to explore any such potential alternatives and opportunities), as well as the potential outcome(s) of this process, the possible impact of any potential transactions referenced herein on the Corporation or any of its stakeholders, and the ability of the Corporation to identify and complete any potential acquisitions, mergers, financings or other transactions referenced herein, and the timing of any such transactions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the TSX Venture Exchange or any other applicable regulator not providing its approval for any strategic alternatives or transactional opportunities, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation’s publicly filed documents. Investors should consult the Corporation’s ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation’s public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements. All sample values are from grab samples and channel samples, which by their nature, are not necessarily representative of overall grades of mineralized areas. Readers are cautioned to not place undue reliance on the assay values reported in this press release.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

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(TheNewswire)

Laurion Mineral Exploration Inc.

Toronto, Ontario November 4, 2025 TheNewswire – Laurion Mineral Exploration Inc. (TSX.V: LME | OTC: LMEFF) (‘LAURION’ or the ‘Corporation’) is pleased to announce encouraging results from its 7,700-metre Summer 2025 drill exploration program at the 100%-owned Ishkõday Project, located 220 km northeast of Thunder Bay in Greenstone, Ontario. The first five drill results were announced in the Corporation’s press releases dated August 19, 2025 and September 23, 2025, respectively, which targeted the high-grade gold-bearing vein systems of the Sturgeon River Mine area. Reference is also made to the Corporation’s press releases dated September 5, 2025, May 27, 2025 and May 8, 2025.

The reported drill holes below, LME25-061 and LME25-062, totalling 954 m were designed to evaluate the mineralized system at the historic Brenbar Mine area, stepping out to the north and northeast of the of the historic mine shaft.

Highlights of Drill Holes LME25-061 and LME25-062

LME25-061

  • 2.70 m @ 0.22 g/t Au from 152.6 m to 155.3 m

  • 2.50 m @ 0.20 g/t Au from 167.5 m to 170 m

  • 2.25 m @ 0.88 g/t Au from 213.85 m to 216.10 m, including 1.70 m @ 1.10 g/t Au from 214.4 m

LME25-062

  • 3.00 m @ 0.49 g/t Au from 304.0 m to 307 m, including 1.0 m @ 1.34 g/t Au from 304.0 m

  • 2.00 m @ 0.50 g/t Au from 111.0 m to 113.0 m, including 0.5 m @ 1.45 g/t Au from 111.80 m

  • 1.20 m @ 0.76 g/t Au from 105.7 m to 106.9 m, including 0.7 m @ 1.07 g/t Au from 105.7 m

  • 1.05 m @ 2.68 g/t Au from 117.6 m to 118.65 m, including 0.5 m @ 5.18 g/t Au from 118.15 m

  • 1.15 m @ 0.39 g/t Au from 310.7 m to 311.85 m

  • 1.10 m @ 1.63 g/t Au from 454.4 m to 455.5 m

These new intercepts not only confirm the continuity of gold-bearing structures near the Brenbar Shaft, but also demonstrate how far our understanding of Ishk õ day has advanced since the early 2010 drilling campaigns,’ said Cynthia Le Sueur-Aquin, President and CEO of Laurion Mineral Exploration Inc. ‘Our 2025 drill core is fully oriented, allowing precise structural interpretation and integration into our evolving 3D geological model — a critical step toward defining the geometry and scale of the mineralized system.’

The 2025 drill program targeted a cluster of complex folded gold-bearing vein structures in the Brenbar Shaft namely No 1, 2, 2A and No. 7 vein sets confirmed in historic drilling by Prodigy Gold Inc. ( Jamie Solomon & Jerry Light, June 13, 2011 ). That work returned multiple higher-grade intercepts, including 3.77 g/t Au over 1.30 m and 1.33 g/t Au over 1.0 m in BB09-03 , 5.50 g/t over 2.5 m, 1.39 g/t Au over 1.0 m and 1.47 g/t Au over 1.0 min BB09-04 , 2.29 g/t Au over 1.10 m and 0.39 g/t Au over 15.90 m in BB09-09 , 0.549 g/t Au over 12.50 m in BB09-10 , and 1.56 g/t Au over 1.0 m, 0.51 g/t Au over 6.30 m, 3.26 g/t Au over 0.80 m and 0.66 g/t Au over 8.20 min BB10-27 which tested No. 15 Vein, #25 trench vein . The results confirm high-grade quartz-vein hosted gold within sheared volcanic rocks. They provide the basis for LAURION’s 2025 program to test continuity and strike length at Brenbar, and to collect oriented core for detailed structural analysis and 3D modeling.

Table of Assays for Drill Holes for LME25-061 and LME25-062

Hole ID

From (m)

To (m)

Core Length (m)

Au (g/t)

LME25-061

38.1

38.9

0.8

0.395

LME25-061

152.6

155.3

2.7

0.224

Including

154.3

155.3

1

0.323

LME25-061

167.5

170

2.5

0.198

LME25-061

179.4

180.15

0.75

0.336

LME25-061

187.6

188.7

1.1

0.264

LME25-061

213.85

216.1

2.25

0.881

including

214.4

215.1

1.7

1.101

Including

214.4

215.1

0.7

1.27

Note: (Intervals represent core length; true widths are estimated at ~70–90% of reported intervals.)

Hole ID

From (m)

To (m)

Core Length (m)

Au (g/t)

LME25-062

20.70

21.20

0.50

1.025

LME25-062

105.70

106.90

1.20

0.762

including

105.70

106.40

0.70

1.065

LME25-062

111.00

113.00

2.00

0.502

including

111.00

111.80

0.80

0.215

including

111.80

112.30

0.50

1.455

LME25-062

117.60

118.65

1.05

2.684

including

118.15

118.65

0.50

5.18

LME25-062

143.90

144.40

0.50

0.654

LME25-062

148.70

149.20

0.50

0.533

LME25-062

166.00

166.50

0.50

0.595

LME25-062

168.00

168.50

0.50

2.300

LME25-062

216.60

217.10

0.50

0.450

LME25-062

222.00

222.70

0.70

0.313

LME25-062

253.80

254.40

0.60

0.559

LME25-062

304.00

307.00

3.00

0.494

Including

304.00

305.00

1.00

1.340

LME25-062

310.70

311.85

1.15

0.394

including

311.35

311.85

0.50

0.771

LME25-062

322.90

324.00

1.10

0.792

LME25-062

366.50

367.30

0.80

0.330

LME25-062

454.40

455.50

1.10

1.625

LME25-062

564.90

565.40

0.50

0.815

Note: (Intervals represent core length; true widths are estimated at ~70–90% of reported intervals.)

Drill Hole ID

Azimuth

Dip

Depth (m)

LME25-061

170

-60

330

LME25-062

160

-50

624

TOTAL

954

Sampling and QA/QC Protocols

All drill core is transported and stored inside the core facility located at the Ishkõday Project in Greenstone, Ontario. LAURION employs an industry standard system of external standards, blanks and duplicates for all of its sampling, in addition to the QA/QC protocol employed by the laboratory. After logging, core samples were identified and then cut in half along core axis in the same building and then zip tied individually in plastic sample bags with a bar code. Approximately five or six of these individual bags were then stacked into a ‘rice’ white material bag and stored on a skid for final shipment to the laboratory.

All core samples were shipped to the ALS facility in Thunder Bay, Ontario, which were then prepared by ALS Global Geochemistry in Thunder Bay and analyzed by ALS Global Analytical Lab in North Vancouver, British Columbia. Samples are processed by 4-acid digestion and analyzed by fire assay on 50 g pulps and ICP-AES (InductivelyCoupledPlasma – AtomicElement-Spectroscopy). Over limit analyses are reprocessed with gravimetric finish.

A total of 5% blanks and 5% standard are inserted randomly within all samples. 5% of the best assay result pulps were sent for re-assays. All QAQC were verified, and no contamination or bias have been observed. The remaining half of the core, as well as the unsampled core, is stored in temporary core racks at the core logging facility in Beardmore and moved to the core storage facility at the Ishkõday Project.

Qualified Person

The technical contents of this release were reviewed and approved by Jean-Philippe Paiement, PGeo, MSc, a consultant to LAURION and a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects .

About Laurion Mineral Exploration Inc.

The Corporation is a mid-stage junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 274,097,283 outstanding shares, of which approximately 73.6% are owned and controlled by insiders who are eligible investors under the ‘Friends and Family’ categories.

LAURION’s emphasis is on the exploration and development of its flagship project, the 100% owned mid-stage 57 km 2 Ishkõday Project, and its gold-rich polymetallic mineralization.

LAURION’s chief priority remains maximizing shareholder value. A large portion of the Corporation’s focus in this regard falls within the scope of its mineral exploration activities and more specifically, advancing the Ishkõday Project. A consequence of LAURION’s success and advancement over the past several years is that the Corporation has become positioned as an acquisition target for appropriate potential acquirors. Accordingly, the Corporation’s Board of Directors is aware that possible strategic alternatives and transactional opportunities may arise and/or could be procured in the short or medium terms. The Corporation will promptly issue a press release if any material change occurs.

FOR FURTHER INFORMATION, CONTACT:

Laurion Mineral Exploration Inc .

Cynthia Le Sueur-Aquin – President and CEO

Tel: 1-705-788-9186 Fax: 1-705-805-9256

Douglas Vass – Investor Relations Consultant

Email: info@laurion.ca

Website: http://www.LAURION.ca

Follow us on: X (@LAURION_LME ), Instagram (laurionmineral) and LinkedIn ( )

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation’s current expectations regarding future events including with respect to LAURION’s business, operations and condition, management’s objectives, strategies, beliefs and intentions, the Corporation’s ability to advance the Ishkõday Project, the nature, focus, timing and potential results of the Corporation’s exploration, drilling and prospecting activities in 2025 and beyond, including the Corporation’s diamond drill program described in this press release and the Corporation’s other planned activities for the Ishkõday Project for the remainder of 2025, and the statements regarding the Corporation’s exploration or consideration of any possible strategic alternatives and transactional opportunities (including, without limitation, the Corporation’s engagement of third party advisors to explore any such potential alternatives and opportunities), as well as the potential outcome(s) of this process, the possible impact of any potential transactions referenced herein on the Corporation or any of its stakeholders, and the ability of the Corporation to identify and complete any potential acquisitions, mergers, financings or other transactions referenced herein, and the timing of any such transactions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the TSX Venture Exchange or any other applicable regulator not providing its approval for any strategic alternatives or transactional opportunities, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation’s publicly filed documents. Investors should consult the Corporation’s ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation’s public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements. All sample values are from grab samples and channel samples, which by their nature, are not necessarily representative of overall grades of mineralized areas. Readers are cautioned to not place undue reliance on the assay values reported in this press release.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

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Here’s a quick recap of the crypto landscape for Monday (November 3) as of 9:00 p.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$106,465, a 3.3 percent decrease in 24 hours. BTC’s lowest valuation today was US$105,040, and its highest was US$108,137.

Despite ending last week with promising upside momentum, the persistent presence of strong sell pressure is acting as a barrier to accessing key resistance levels, raising doubts about sustained bullish recovery.

Analysts like Ted Pillows highlighted a pattern of weekend price pumps that typically do not hold during regular trading days.

Indeed, BTC started November with a 2 percent drop. Market participants are bracing for retests of support below the psychologically important US$100,000 level. Institutional demand has also weakened sharply, with significant outflows recorded from major Bitcoin ETFs.

Ether (ETH) was priced at US$3,573.75, a 7.4 percent decrease in 24 hours, and its lowest valuation of the day. Its highest was US$3,890.47.

Meanwhile, the market capitalization of privacy-preserving cryptocurrencies has surpassed US$24 billion, an increase of about 80 percent over the past week, led by Dash (DASH) and Zcash (ZEC).

Altcoin price update

  • Solana (SOL) was priced at US$164.07, down 11.1 percent over the last 24 hours and at its lowest valuation of the day. Its highest was US$176.52.
  • XRP was trading for US$2.28, a decrease of 8.7 percent over the last 24 hours. Its lowest valuation of the day was US$2.27, and its highest was US$2.42.

Crypto derivatives and market indicators

The crypto derivatives market remains active with high liquidation volumes, US$16.49 million for BTC and US$32.87 million for ETH in the four hours leading up to the closing bell, indicating ongoing bullish positions.

Open interest has slightly declined: 1.10 percent for BTC to US$69.57 billion and 0.78 percent for ETH to US$44.51 billion, reflecting cautious trader sentiment.

However, funding rates of 0.006 for BTC and 0.001 for ETH suggest a bullish bias persists. Additionally, the RSI near 38 indicates the market is approaching oversold levels, hinting at potential short-term stabilization or reversal.

This mix of technical opportunity amid cautious sentiment underlines the need for close monitoring of derivative positions and market reactions ahead.

Bitcoin dominance in the crypto market now stands at 60.3 percent, roughly two percent higher compared to last week. The Fear and Greed Index dipped three points further into the fear zone from last week to 36.

Today’s crypto news to know

Canada set to unveil draft stablecoin legislation

Sources for the Globe & Mail said on Friday that Ottawa will introduce draft stablecoin legislation as soon as December. The plan will reportedly be unveiled alongside the Federal budget on Tuesday (November 4) and tabled before the holiday recess. Sources also said that lawmakers drew inspiration for the legislation from the Genius Act.

The unidentified sources, who have reportedly viewed the draft, also indicated that it is deficient in clearly defining a digital currency and specifying who would be responsible for its oversight.

Canada currently applies dual regulatory frameworks for digital currencies depending on their nature and use. Some are treated as securities, giving authority to provincial and territorial governments, while others are treated as payment instruments under federal authority.

This overlapping jurisdiction results from the absence of a clear, unified legal definition for digital currencies in the country.

IREN becomes latest Bitcoin miner to diversify into AI

Bitcoin miner IREN has signed a US$9.7 billion multi-year GPU cloud services contract with Microsoft (NASDAQ:MSFT), the company announced this morning.

Under the terms of the deal, IREN will provide Microsoft access to NVIDIA (NASDAQ:NVDA) GPUs hosted within its data centers. In addition, IREN secured a US$5.8 billion equipment deal with Dell Technologies to support this GPU infrastructure.

This highlights a broader industry pivot among Bitcoin miners diversifying into AI computing services and data infrastructure amid tightening mining margins. Other miners like Hive Digital Technologies (TSXV:HIVE,NASDAQ:HIVE), MARA Holdings (NASDAQ:MARA), Riot Platforms (NASDAQ:RIOT) and TeraWulf (NASDAQ:WULF) are also making strategic moves into AI and high-performance computing sectors.

Ripple launches digital asset spot prime brokerage service

Ripple announced the official launch of its digital asset spot prime brokerage service, a new offering aimed at enabling streamlined access to spot digital asset trading for institutional clients.

The move underscores Ripple’s efforts to expand its suite of services in the growing digital asset market and follows its US$1.25 billion acquisition of Hidden Road, a multi-asset prime brokerage firm. This acquisition positioned Ripple as the first cryptocurrency company to own and operate a global multi-asset prime broker.

“The launch of OTC spot execution capabilities complements our existing suite of OTC and cleared derivatives services in digital assets and positions us to provide U.S. institutions with a comprehensive offering to suit their trading strategies and needs,” said Michael Higgins, International CEO, Ripple Prime.

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

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

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Resolution Minerals Ltd (ASX: RML; OTCQB: RLMLF) (“Resolution” or “Company”) is pleased to report that its maiden drill program at its 100% owned Horse Heaven Gold-Antimony-Tungsten- Silver Project (“Horse Heaven” or the “Project”), Idaho, USA (Figure 1) has delivered additional broad intervals of near-surface gold mineralisation at Golden Gate Prospect.

Highlights

  • Golden Gate now has reported results for three diamond holes from surface, all ending in gold mineralisation, confirming a large, open intrusion-related gold system. The two most recent holes include:
    • HH-GG25-003C: Down hole interval of 253.0m @ 1.50 g/t gold from surface to 253.0m (open ended), including:
      • 111.9m @ 2.31 g/t gold from 130.5m and 18.3m @ 3.98 g/t gold from 149.4m (with the highest assay result of 5.91 g/t gold over a down hole width of 1.5m)
    • HH-GG25-002C: Down hole interval of 265.2m @ 0.60 g/t gold from surface to 265.2m (open ended), including 89.9m @ 1.15g/t gold from 121.9m.
  • On 28 October 2025, the Company reported a down hole interval of 189.2m @ 1.30 g/t Au from 34m, ending in mineralisation, in HH-GG25-001C, including:
    • Down hole interval of 12.9m @ 2.32 g/t Au from 94.4m; and
    • Down hole interval of 70.8m @ 2.24 g/t Au from 128.8m.

These results demonstrate the continuous potential for a large intrusive-hosted gold system with geology, sulphides and alteration similar to the Stibnite gold-antimony deposit, only ~16km away.

  • Multiple near-term catalysts include:
    • A Reverse Circulation drill rig is being mobilised to Golden Gate to immediately follow-up on the results of the first three holes.
    • Assay batch results from 7 additional oriented Core holes of the Phase-1 program (including bottom of HH-GG25-001C) to be released progressively over the following months.
  • RML’s Horse Heaven project is strategically located in a district central to domestic critical mineral supply chains (gold-antimony-tungsten-silver), all aligned with the U.S. government priorities.

RML’s CEO of US Operations, Craig Lindsay, commented on the discovery:

“Following up our first hole with even stronger results from holes 2 and 3 is an exceptional outcome for the Golden Gate prospect.

These results confirm that Golden Gate hosts a large, robust gold system with all holes returning broad gold mineralisation from surface and finishing in mineralisation.

That level of continuity and consistency is extremely rare this early in a program and highlights the potential scale and our belief that Golden Gate has all the hallmarks of a significant intrusive- related gold deposit, comparable to the major systems seen elsewhere in the district, including Perpetua’s Stibnite, which is only 16km away.

With multiple targets still to test across the broader Horse Heaven Project, including Antimony Ridge, our confidence continues to grow that we’re on the verge of uncovering a truly district- scale gold system with complementary known tungsten and antimony mineralisation.”


Click here for the full ASX Release

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Resolution Minerals Ltd (ASX: RML; OTCQB: RLMLF) (“Resolution” or “Company”) is pleased to report that its maiden drill program at its 100% owned Horse Heaven Gold-Antimony-Tungsten- Silver Project (“Horse Heaven” or the “Project”), Idaho, USA (Figure 1) has delivered additional broad intervals of near-surface gold mineralisation at Golden Gate Prospect.

Highlights

  • Golden Gate now has reported results for three diamond holes from surface, all ending in gold mineralisation, confirming a large, open intrusion-related gold system. The two most recent holes include:
    • HH-GG25-003C: Down hole interval of 253.0m @ 1.50 g/t gold from surface to 253.0m (open ended), including:
      • 111.9m @ 2.31 g/t gold from 130.5m and 18.3m @ 3.98 g/t gold from 149.4m (with the highest assay result of 5.91 g/t gold over a down hole width of 1.5m)
    • HH-GG25-002C: Down hole interval of 265.2m @ 0.60 g/t gold from surface to 265.2m (open ended), including 89.9m @ 1.15g/t gold from 121.9m.
  • On 28 October 2025, the Company reported a down hole interval of 189.2m @ 1.30 g/t Au from 34m, ending in mineralisation, in HH-GG25-001C, including:
    • Down hole interval of 12.9m @ 2.32 g/t Au from 94.4m; and
    • Down hole interval of 70.8m @ 2.24 g/t Au from 128.8m.

These results demonstrate the continuous potential for a large intrusive-hosted gold system with geology, sulphides and alteration similar to the Stibnite gold-antimony deposit, only ~16km away.

  • Multiple near-term catalysts include:
    • A Reverse Circulation drill rig is being mobilised to Golden Gate to immediately follow-up on the results of the first three holes.
    • Assay batch results from 7 additional oriented Core holes of the Phase-1 program (including bottom of HH-GG25-001C) to be released progressively over the following months.
  • RML’s Horse Heaven project is strategically located in a district central to domestic critical mineral supply chains (gold-antimony-tungsten-silver), all aligned with the U.S. government priorities.

RML’s CEO of US Operations, Craig Lindsay, commented on the discovery:

“Following up our first hole with even stronger results from holes 2 and 3 is an exceptional outcome for the Golden Gate prospect.

These results confirm that Golden Gate hosts a large, robust gold system with all holes returning broad gold mineralisation from surface and finishing in mineralisation.

That level of continuity and consistency is extremely rare this early in a program and highlights the potential scale and our belief that Golden Gate has all the hallmarks of a significant intrusive- related gold deposit, comparable to the major systems seen elsewhere in the district, including Perpetua’s Stibnite, which is only 16km away.

With multiple targets still to test across the broader Horse Heaven Project, including Antimony Ridge, our confidence continues to grow that we’re on the verge of uncovering a truly district- scale gold system with complementary known tungsten and antimony mineralisation.”


Click here for the full ASX Release

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President Donald Trump publicly endorsed Andrew Cuomo on Monday while threatening to withhold federal funding from New York City if Zohran Mamdani, who he labeled a ‘Communist’, wins the mayoral election.

In a lengthy post on Truth Social, he also warned that the city would face ‘total economic and social disaster’ under Mamdani’s leadership.

‘If Communist Candidate Zohran Mamdani wins the Election for Mayor of New York City, it is highly unlikely that I will be contributing Federal Funds, other than the very minimum as required, to my beloved first home, because of the fact that, as a Communist, this once great City has ZERO chance of success, or even survival!’ he wrote in the post.

‘It can only get worse with a Communist at the helm, and I don’t want to send, as President, good money after bad. It is my obligation to run the Nation, and it is my strong conviction that New York City will be a Complete and Total Economic and Social Disaster should Mamdani win,’ he added before claiming a win for Mamdani would be a ‘Complete and Total Economic and Social Disaster.’

The president’s post also marked his latest attempt to guide New Yorkers at the polls.

‘A vote for Curtis Sliwa (who looks much better without the beret!) is a vote for Mamdani,’ Trump added.

‘Whether you personally like Andrew Cuomo or not, you really have no choice. You must vote for him, and hope he does a fantastic job. He is capable of it, Mamdani is not!’

Speaking at a press event in New York on the eve of the election, Mamdani responded to the president’s Truth Social post.

‘The MAGA movement’s embrace of Andrew Cuomo is reflective of Donald Trump’s understanding that this would be the best mayor for him,’ he said.

‘Not the best mayor for New York City, not the best mayor for New Yorkers, but the best mayor for Donald Trump and his administration.’

Mamdani also responded to Elon Musk supporting Cuomo on Monday, saying ‘the reason that the President of the United States of America, the reason that one of the wealthiest men in the world are both trying to get involved at the last minute, is that they know we will accomplish everything we have run on.’

The socialist mayoral candidate spoke out about Trump’s threat to withhold federal funding from the city, and labeled it unlawful.

‘It is not the law,’ Mamdani told reporters. ‘And too often we treat everything that comes out of Donald Trump’s mouth as if it is already legal, just by virtue of who is saying it.’

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Bayan Mining and Minerals Ltd (ASX: BMM; ‘BMM’ or ‘the Company’) is pleased to announce the results of detailed ground gravity, magnetic and radiometric surveys completed across its 100% owned Desert Star Projects, located in California, USA.

The integrated datasets have delivered a coherent, multi-parameter targeting framework that refines the Company’s understanding of the structured controls on rare earth element (REE) mineralisation. Three priority REE targets (ST1-ST3) have been delineated within the Desert Star Project, while the Desert Star North area has been differentiated into two distinct domains REE focused NT1 and uranium-enriched NT2.

These results collectively support a structurally controlled, fenite-style REE system, providing a clear work pathway towards 3D geophysical modelling and systematic drill targets.

Highlights

  • Coherent targeting framework established: Comprehensive ground gravity, magnetic and radiometric surveys have been completed across the Desert Star Projects, establishing a targeting framework with the Desert Star prospect emerging as the Company’s primary focus.
  • Three priority targets (ST1–ST3) refined: Integration of structural corridors, gravity edge features and thorium-rich radiometric ratios has refined three high- priority REE targets, tightening drill collar placement and sequencing for maximum efficiency.
  • Desert Star North differentiated: Target NT1 is confirmed as a thorium-rich REE domain, while NT2 is newly recognised as an eastern uranium-enriched structural corridor, both warranting independent advancement.
  • Consistent geological model: Results support a structurally controlled, fenite- style rare earth system concentrated along faults and intrusive margins, consistent with mineralisation styles observed in the nearby Mountain Pass district.
  • Clear path to drilling: The Company will now advance 3D gravity and magnetic modelling over ST1–ST3 targets zones and conduct soil sampling across existing anomalies to finalise precise drill locations.
  • Risk-focused targeting: Targeting along anomaly margins enhances collar accuracy and prioritises the high-confidence drill positions.
  • District context reinforced: The interpreted structural and geophysical controls correlate strongly with those of the Mountain Pass REE district, validating the Company’s exploration model and reinforcing confidence in the project’s potential.
  • Next phase of exploration: Planned 3D inversions of gravity and magnetic data will further define target geometry and depth, guiding final drill design and sequencing.
  • Strategic Location of Desert Star Projects: The Desert Star Project is strategically located just 4.5 km northeast of MP Materials’ Mountain Pass REE Mine1 one of the largest and highest-grade rare earth operations globally. Desert Star North Project lies only 3 km north of the Colosseum Gold Mine, which hosts a JORC-2012 compliant Mineral Resource of 27.1 Mt @ 1.26 g/t Au for 1.1 million ounces2. Both properties are located within the same regional corridor and share structural and geological characteristics with the globally significant Mountain Pass Rare Earth Mine.
  • Drill Permitting Progress: The Company is having active engagement with US Bureau of Land Management (BLM) to progress drill permitting and regulatory approvals at Desert Star Projects.
  • Downstream Evaluation: Launched an evaluation program to pursue a pathway to secure U.S. supply chain.

Ground Gravity Survey

The gravity survey maps density differences in the subsurface to outline rock boundaries, locate buried dense bodies (e.g., intrusions or carbonate-rich units), and trace the main structures that control mineralisation. At Desert Star, the results define gentle gravity highs with clear edge positions aligned to northwest-trending corridors, indicating zones where fluids and alteration have been focused. At Desert Star North, a more open, lower- density eastern corridor contrasts with a more coherent western domain, consistent with a major through-going fault zone. Taken together, the gravity framework directs follow- up work to gravity edges and mapped structures, sharpening collar placement and improving drill section design. It also feeds stronger starting models for the planned 3D geophysical modelling and detailed soil grids and complements structural cues from magnetics and alteration vectors from radiometrics.

Click here for the full ASX Release

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