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CSIRO Calls for Reevaluation of Australia’s Stibnite Reserves Amid Global Antimony Demand Surge

Stibnite’s significant presence in Australia highlights the country’s potential as a global antimony producer, a report from the Commonwealth Scientific and Industrial Research Organisation (CSIRO) said.

“Derived from the Latin word stibium, meaning antimony, (stibnite) is the primary ore for (antimony).”

Listed as a critical mineral in Australia, European Union, Japan and the United States, antimony has recently been gaining attention due to its role in the growing defence industry.

The metal has also been a subject of discussion during the meeting between Australian Prime Minister Anthony Albanese and US President Donald Trump, wherein the countries’ individual and shared moves towards critical minerals were tackled.

Albanese and Trump also signed a rare earths deal during the meeting, under which Australia and the US agreed to each make more than US$1 billion in investments over the next six months for initial projects (including antimony mines) to address the critical minerals global demand.

US-Australia alliance

A report by Small Caps highlighted antimony as an “overlooked mineral” in the US-Australia alliance.

It particularly mentioned how Australia’s Ambassador to the US, Kevin Rudd, invited leading companies to provide a briefer on relevant antimony projects prior to the US-Australia meeting.

They were asked to include key minerals identified, planned expansion activities and corporate engagements with US government agencies for projects that may serve as key assets in the alliance.

Included are Nova Minerals (ASX:NVA,NASDAQ:NVA), who was asked to speak on its flagship Estelle gold-antimony project, and Resolution Minerals (ASX:RML,OTCQB:RLMLF) for its Idaho-based Horse Heaven gold-antimony-tungsten project.

Estelle currently holds a global JORC-compliant measured, indicated and inferred resource of 9.9 million ounces of gold.

On October 28, Nova announced that Estelle received funding of US43.4 million from the U.S. Department of War to fast-track onshore antimony production from 2026 to 2027. The project has also secured equipment that will be delivered to the site in January 2026.

Horse-Heaven, on the other hand, reported maiden drill hole results last October 28. Returns included 12.9 meters at 2.32 grams per tonne (g/t) gold from 94.4 meters and 70.8 meters at 2.24 g/t gold from 128.8 meters.

The project sits near Perpetua Resources’ (TSX:PPTA,NASDAQ:PPTA) Stibnite mine, which hosts a 4.8 million ounce gold reserve and a historic record of 90 percent US antimony output during World War II.

Australian assets

CSIRO Mineral Processing Specialist Paul Bruer said that antimony’s recognition as a critical mineral across countries ignites “interest in Australia’s stibnite reserves and the processing of these to antimony metal or antimony oxide onshore.”

New South Wales, Queensland, Victoria and Western Australia were cited as key areas for stibnite reserves.

Alkane Resources (ASX:ALK,OTCQB:ALKEF) Costerfield project in Victoria was highlighted in the report as the sole stibnite-gold concentrate-producing mine that is currently exporting overseas.

Costerfield had a production record of 1,282 tonnes of antimony in 2024.

Also included is the Hillgrove antimony-gold project in New South Wales, which is expected to become Australia’s largest antimony producer.

Hillgrove is currently owned Larvotto Resources (ASX:LRV), which received an acquisition proposal from United States Antimony (NYSEAMERICAN:UAMY)) in mid-October.

It is projected to produce about 7 percent of global antimony supply and is scheduled to recommence in 2026.

Recently, the Sunday Creek gold-antimony project by Southern Cross Gold (ASX:SXG) has also been gaining momentum following new “record-setting intercepts” recorded in May.

Sunday Creek is targeting a maiden resource in 2027.

“Antimony in stibnite is mainly found in association with gold, but is also found associated with some base metal ores,” Breuer added. “It can also be produced as a secondary product from smelters treating base metal ores.”

CSIRO recommendations

Beyond capitalising on ore expertise and knowledge in sustainable processing, CSIRO said that it is possible for Australia to develop an economic and environmentally friendly process of its own.

The organization underlined that there are currently no processing routes for antimony production and gold recovery in Australia, adding that there is considerable interest from Australian mining companies to process stibnite-gold concentrates onshore.

“As the world pivots toward clean energy and more digital infrastructure, antimony’s role will only grow,” the report ended.

“As global supply chains tighten, Australia, backed by stable government, advanced mining and processing expertise and rich stibnite reserves, is poised to become a global leader in antimony production.”

A commentary by FN Media group said that the antimony market size is projected to grow US$1.78 billion by 2032. The company also stated in a separate report that global demand for antimony is projected to grow from US$2.5 billion in 2024 to US$3.5 billion by 2030.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
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Unith

Investor Insight

With a clear, execution-focused strategy, Unith is positioned at the forefront of conversational AI and digital human technology. As one of the very few AI-focused companies listed on the ASX, Unith provides investors with rare exposure to the explosive global AI growth story. At a current market capitalization of just AU$13.5 million, Unith remains deeply undervalued relative to the scale of its addressable market.

Overview

Unith (ASX:UNT) is an Australian technology company that leverages artificial intelligence (AI) to develop interactive “digital humans” for a variety of enterprise applications. Unith’s vision is to build the interface layer of AI: lifelike digital humans that lend a human face and voice to artificial intelligence. By combining speech-to-text, natural language processing, large language models (LLMs), voice synthesis and facial animation, Unith’s platform creates avatars capable of engaging in real-time, contextual dialogue.

This focus on conversational digital humans differentiates Unith from competitors such as Synthesia (video-only avatars) and HeyGen (US-centric conversational avatars). Unith’s technology is highly customizable, allowing enterprises to design digital humans (being cloning of real humans, such as CEOs or public figures, with voice) with specific knowledge bases, personalities and languages. Integration with existing workflows is seamless, enabling use cases – from healthcare patient education to logistics process management and customer service. The company operates through two complementary divisions: B2B Digital Humans and B2C Subscription Apps, creating a blend of recurring consumer revenue and scalable enterprise opportunities.

B2B Division

  • interFace (Product-led Growth)
  • SMB (<500 employees, <€2,000 MRR, or solutions that our GTM Engineer can deliver fast)
  • Enterprise (>500 employees, >€2,000 MRR, or custom projects requiring tech team involvement)

With the education, healthcare, entertainment and finance as its target sectors, Unith’s key AI-powered offerings include:

  1. Digital Humans – Lifelike AI avatars for user interaction
  2. Conversational AI – Integrated customer engagement tools
  3. Storytelling and Education – Learning and narrative platforms

Enterprise Solutions – Custom AI for service, training and marketing

Company Highlights

  • Rare ASX AI Exposure: One of the only pure-play AI companies on the ASX, directly leveraged to multi-trillion-dollar AI industry growth.
  • Proven Commercial Traction: Secured a one-year AU$130,000 enterprise contract with a global pharmaceutical firm for multilingual conversational digital humans.
  • Dual Revenue Model: Recurring subscription revenues from B2C apps (885,000+ active users across 36 countries) alongside enterprise-scale B2B platform adoption.
  • High-growth Market Opportunity: Digital human market forecast to expand from US$66 billion in 2023 to US$377 billion by 2032; Agentic AI market expected to surpass US$30 billion by 2030.
  • Global Footprint: Strong presence in Europe through Barcelona and Amsterdam hubs, with expansion into emerging markets across Africa, the Middle East and Asia.
  • World-class Team: Leadership combines deep expertise in AI, telecom, payments, corporate governance, and international business development.
  • Contracts signed that are currently raising funds to build solutions with Conversational AI and hyper-realistic avatars.
  • Released Streaming Avatars: The fastest real-time digital human responses in the industry (Alpha Phase)

Business Divisions

B2B Digital Humans

The B2B platform is Unith’s flagship growth engine. It enables enterprises to design, deploy and manage digital humans in minutes, supported by the interFace creation tool and integrations like Zapier, which connect conversational agents to over 7,000 applications. The platform supports more than 60 languages, features enterprise-grade security (ISO 27001 certification in progress), and allows embedding across websites, apps and kiosks.

Market traction is already gaining momentum. The company has secured a significant contract with a global pharmaceutical company, deploying multilingual digital humans to assist patients, doctors and nurses in real time. Partnerships in Spain and Australia target the logistics sector, where digital humans can streamline operations and customer engagement. These deployments validate Unith’s platform in both regulated and process-driven industries.

Buyers typically include customer experience leaders, sales and operations teams, and internal developers. Unith offers both low-code tools for ease of adoption and a robust API layer for integration at scale, which is a combination designed to accelerate enterprise uptake.

Unith offers a modular solution, thanks to the API and the Webhook they have created, which allow seamless integrations with other platforms.

Unith uses proprietary, in-house developed technology. This innovation makes Unith more efficient and cost-effective than any other competitor in the market.

B2C Subscription Apps

The B2C division leverages Unith’s technology in consumer-facing applications monetized through direct carrier billing. With more than 885,000 active subscribers across 36 countries and 21 languages, this division generates approximately 60 percent of company revenue. Customers pay small daily or weekly fees via their mobile bills, with pricing up to AU$20 per month.

Products include BedtimeStories (personalized storytelling for children), Astro-VIP (astrology-driven digital human guidance), and the AI Travel Guide. These apps are highly localized, culturally relevant and designed for retention. They provide steady recurring revenue and proof of scalability.

Future growth will come from geographic expansion into Africa (Gabon, Botswana), the Middle East (Jordan) and Asia (Uzbekistan), with a target of surpassing 1 million subscribers by FY25 and generating an estimated AU$5 million in customer base lifetime value.

Market Opportunity

The conversational AI and digital human markets are expanding rapidly. Gartner forecasts the digital human market will grow from US$66 billion in 2023 to US$377 billion by 2032, while agentic AI is expected to exceed US$30 billion by 2030. McKinsey estimates that generative AI overall could contribute US$2.6 to $4.4 trillion annually to the global economy.

Unith is uniquely positioned as a listed company on the ASX, giving investors a direct, early-stage entry point into these fast-growing markets. Its European base in Barcelona and Amsterdam provides a competitive edge where US-centric players like HeyGen have limited reach. Meanwhile, its B2C operations penetrate emerging markets in Asia and Africa, where direct carrier billing and mobile-first adoption create opportunities unavailable to Western competitors.

Management Team

Sytze Voulon – Non-executive Chairman

Sytze Voulon is an experienced international executive who has led businesses across multiple industries and regions. Voulon has overseen corporate transformations and scaling strategies, bringing governance and global insight to the board.

Scott Mison – Executive Director and Company Secretary

With over 26 years of experience, Scott Mison has held CFO, CEO, COO and director roles across ASX- and LSE-listed companies. He specializes in the technology sector, with a background spanning Australia, the UK, Central Asia, Africa and the US. At Unith, he is focused on commercial execution, capital management and shareholder value creation.

Antony Eaton – Non-executive Director

Anthony Eaton is a corporate and commercial lawyer specializing in M&A, private equity, IPOs and infrastructure projects. Eaton’s expertise in structuring deals and advising high-growth companies strengthens Unith’s governance and strategic transaction capabilities.

Ivan Dumancic – General Manager, B2C Division

Ivan Dumancic brings more than 15 years of experience in telecom and payments, with a proven record of scaling digital products globally and driving consumer revenue growth. He oversees the subscription division’s profitability and global expansion.

Rakan Sleiman – General Manager, Digital Humans Division

Rakan Sleiman has 15 years of experience in AI innovation, product leadership and commercialization. He has led global teams, driven customer-centric execution, and is responsible for the scaling and refinement of Unith’s digital human platform.

This post appeared first on investingnews.com
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Major Mining Merger: Coeur to Buy New Gold for US$7 Billion

Coeur Mining’s acquisition of New Gold represents one of the largest consolidations in the North American mining sector in recent years.

Mid-tier precious metals miner Coeur Mining (NYSE:CDE) announced on Monday (November 3) it plans to acquire New Gold (TSX:NGD,NYSEAMERICAN:NGD) in an all-stock deal valued at US$7 billion.

Set to be completed in the first half of 2026, New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold common share, leaving existing Coeur shareholders with 62 percent ownership of the new company.

Coeur currently has five precious metals mines operating in the US and Mexico, while New Gold holds the Rainy River gold mine in Ontario and the New Afton copper-gold mine in British Columbia. The addition of New Gold’s Canadian assets to Coeur’s portfolio is expected to transition the company into a senior metals producer with a US$20 million market cap and significant footprint in North America.

The deal will not only bolster Coeur’s gold and silver production, it will further diversify the miner into the copper market at a time when demand is growing for all three metals.

“Both companies are in the early stages of generating significant cash flow after several years of heavy investment. We believe this is an extraordinary opportunity to create an unrivaled North American-only, mining powerhouse at just the right time,” said Coeur Chairman, President and CEO Mitchell J. Krebs.

For 2026, Coeur estimates production of approximately 20 million ounces of silver, 900,000 ounces of gold and 100 million pounds of copper. Notably, the merger will position the company as one of the five largest silver producers in the world with the white metal representing 30 percent of its total metals reserves.

Coeur’s management is forecasting US$3 billion in EBITDA and US$2 billion in free cash flow in 2026 which will allow the company to pursue more growth opportunities including the development of the significant copper-gold porphyry discovery at New Afton’s K-Zone.

Following the announcement, Coeur Mining’s stock fell by 7 percent, while New Gold’s received a 4.9 percent bump.

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

This post appeared first on investingnews.com
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Senate returns to work as government shutdown nears longest in US history over Obamacare fight

The Senate returns to Washington, D.C., this week as the government shutdown nears a record-shattering milestone and as lawmakers remain entrenched in their positions.

Come late Tuesday night, the government shutdown will officially become the longest on record, at 36 days, smashing through the previous record etched into the history books in early 2019. And while that record approaches, and payday deadlines are missed and federal benefits dry up, the Senate is still largely in a holding pattern.

Still, there was newfound optimism among some lawmakers as bipartisan talks increased last week, and many hope that same momentum carries into this week.

But for now, neither side is budging from the positions they’ve maintained since Oct. 1, when the shutdown officially began.

Senate Minority Leader Chuck Schumer, D-N.Y., and his Democratic caucus want a deal on expiring Obamacare premium subsidies before they agree to reopen the government. Saturday was when open enrollment officially began nationwide.

They’ve long warned that unless a deal was made before open enrollment, Americans that rely on the subsidies would see their premiums spike, despite the subsidies not expiring until the end of this year.

‘People are going to see drastic, drastic increases in their healthcare costs,’ Schumer said last week. ‘People are going to sit at the dinner table Friday night with a pit, with a hole in the pit of their stomach, and say, ‘How are we going to do this?’’

Senate Republicans largely agree that there needs to be an extension of some kind to the subsidies, but they also want a host of reforms made to the program that was enhanced under former President Joe Biden.

And Senate Majority Leader John Thune, R-S.D., has offered Senate Democrats a vote on the Obamacare subsidies, but they say that’s not enough and demand that President Donald Trump get involved.

Trump officially returned to the country after a near weeklong trip to Asia but still appears to be keeping the shutdown at an arm’s length.

While Schumer and his Democratic caucus’ demands have remained laser-focused on expiring Obamacare subsidies, they have also blamed Trump for not funding federal food benefits as he did in 2019, and Schumer and House Minority Leader Hakeem Jeffries, D-N.Y., have called for a meeting with the president.

But Trump won’t meet with the top congressional Democrats until the shutdown ends — a point he and Republicans have made time and time again.

And he won’t budge on healthcare negotiations until the government reopens, either.

‘I’m not going to do it by being extorted by the Democrats who have lost their way,’ Trump said on CBS’ ’60 Minutes.’ ‘There’s something wrong with these people.’

Meanwhile, Trump has urged Senate Republicans to get rid of the 60-vote filibuster threshold in the upper chamber. Doing so is a proverbial third rail for Senate Republicans and a longstanding priority for Senate Democrats.

He renewed that call over the weekend in posts on Saturday and Sunday to his social media platform Truth Social.

‘Republicans, you will rue the day that you didn’t TERMINATE THE FILIBUSTER!!! BE TOUGH, BE SMART, AND WIN,’ he said.

This post appeared first on FOX NEWS
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Energy secretary reveals how US nuclear tests will work

Energy Secretary Chris Wright revealed the U.S. will not be testing nuclear explosions, putting to rest questions over whether the Trump administration would reverse a decades-old taboo.

Testing will instead involve ‘the other parts of a nuclear weapon,’ Wright told Fox News’ ‘The Sunday Briefing.’

‘I think the tests we’re talking about right now are systems tests,’ he explained. ‘These are not nuclear explosions. These are what we call noncritical explosions.’

His comments came after President Donald Trump announced the U.S. would reignite ‘nuclear testing’ because other nations were doing so. The president made the announcement on the way to a meeting with Chinese President Xi Jinping.

He didn’t specify whether he meant explosives, which haven’t been tested by the U.S. since 1992, or the weapons that carry them.

The only nation to conduct a detonation test in the last 25 years is North Korea in September 2017.

The president said he’d directed the Pentagon — which is responsible for testing nuclear-capable vehicles — to resume testing. The Energy Department would have jurisdiction over testing explosives.

‘We’ve halted it years — many years — ago,’ Trump said last week. ‘But with others doing testing, I think it is appropriate that we do also.’

Asked on Friday to clarify whether the U.S. would begin ‘detonating nuclear weapons for testing,’ the president responded, ‘I’m saying that we’re going to test nuclear weapons like other countries do.’

Trump claimed in a CBS ’60 Minutes’ interview over the weekend that U.S. adversaries were secretly testing nuclear weapons.

‘Russia’s testing nuclear weapons, and China’s testing them, too,’ he said. ‘You just don’t know about it.’

China is rapidly expanding its nuclear silo and is expected to have nearly 1,000 warheads by 2030, according to Pentagon assessments. But Beijing has not conducted a nuclear weapons test since 1996. Russia has not been confirmed to have tested a weapon since 1990, but last week did claim to test two delivery vehicles: an undersea torpedo known as Poseidon and a nuclear-powered cruise missile.

In 1996, the United Nations adopted a nuclear test ban treaty. The U.S. signed the treaty, but the Senate rejected its ratification. Most other nuclear-armed states also did not ratify the document.

Still, it created a global norm against nuclear weapons testing.

The U.S. regularly tests unarmed nuclear-capable weapons.

Additionally, non-explosive or ‘subcritical’ tests, which involve fissile materials but stop short of producing a chain reaction, have been conducted at the Nevada National Security Site for years. Officials say these experiments help validate computer models that simulate how aging warheads behave, allowing scientists to verify performance without explosive testing.

The U.S. has conducted more than two dozen such tests since the late 1990s.

‘And again, these will be nonnuclear explosions,’ Mr. Wright said. ‘These are just developing sophisticated systems so that our replacement nuclear weapons are even better than the ones they were before.’

Washington is currently undergoing a three-decade, $1.7 trillion transformation effort to replace aging warheads with updated versions.

This post appeared first on FOX NEWS
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Trump pressed on whether he ordered DOJ to target James Comey, John Bolton, Letitia James

President Donald Trump indicated that he did not direct the Justice Department to target former FBI Director James Comey, former National Security Advisor John Bolton and New York State Attorney General Letitia James.

During ’60 Minutes’ interview, CBS News’ Norah O’Donnell noted the three figures have been indicted and asked Trump whether those are cases of ‘political retribution.’

‘You know who got indicted? The man you’re looking at. I got indicted. And I was innocent,’ Trump fired back.

O’Donnell pressed Trump on the matter, asking whether he directed the Department of Justice to target those people.

‘No. You don’t have to instruct ’em because they were so dirty, they were so crooked, they were so corrupt, that the honest people we have — Pam Bondi’s doing a very good job, Kash Patel’s doing a very good job — the honest people that we have go after ’em automatically,’ he said.

The president called out Comey, James and Senate Democrat Adam Schiff in a September Truth Social post highlighted by ’60 Minutes.’

‘Pam: I have reviewed over 30 statements and posts saying that, essentially, ‘same old story as last time, all talk, no action. Nothing is being done. What about Comey, Adam ‘Shifty’ Schiff, Leticia??? They’re all guilty as hell, but nothing is going to be done,” the president declared in part of the post.

‘We can’t delay any longer, it’s killing our reputation and credibility. They impeached me twice, and indicted me (5 times!), OVER NOTHING. JUSTICE MUST BE SERVED, NOW!!!’ he asserted in another portion of the post.

This post appeared first on FOX NEWS
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SAGA Metals Provides Update on Double Mer Uranium Project: A Well-Positioned Asset in North America as the Uranium Boom Accelerates

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company advancing critical mineral discoveries, is strategically positioned to capitalize on the explosive growth in the uranium sector as global nuclear commitments and artificial intelligence (AI) infrastructure propel demand far beyond current supply horizons.

SAGA’s Double Mer Uranium Project: Large-Tonnage Potential in Labrador

Amid this uranium fervor, Saga Metals is well-positioned with its high potential Double Mer Uranium Project in Labrador, Canada—a drill-ready asset primed to contribute to North America’s critical minerals security. Located 90 km northeast of Happy Valley-Goose Bay near the prolific Central Mineral Belt (CMB), the 100%-owned project spans 25,600 hectares across 1,024 claims and hosts a robust, IOCG and pegmatite-style uranium system within proximity to Labrador’s most significant uranium discoveries including Paladin Energy’s Michelin and Atha Energy’s CMB holdings. With encouraging surface samples and geophysical data, SAGA believes the Double Mer Uranium Project could offer comparable large-tonnage potential to these projects.

Regional map of the Double Mer Uranium Project in Labrador, Canada

Figure 1: Regional map of the Double Mer Uranium Project in Labrador, Canada

Saga Metals recent exploration efforts at the Double Mer Uranium Project have confirmed*:

  • High-Potential Uranium Zones Identified for Drilling: Three key zones— Luivik, Nanuk, and Katjuk —have been pinpointed along an expansive east-west 18-kilometer uranium-rich trend. Each zone shows U3O8 mineralization in pegmatites and structurally enriched formations (see Figure 2 below).
  • Assays Validate Targets: Rock sampling in 2024 confirms the uranium potential across all three zones, enhancing confidence in the project’s viability with surface samples showing uranium oxide (U3O8) concentrations as high as 0.428% U 3 O 8
  • Count-per-second (CPS) radiometric peaks up to 27,000 —surpassing historical benchmarks
  • Observed uranophane staining (oxidization of uranium minerals) on the surface of pegmatites across the 18 km trend with confirmed uraninite minerals hosted within.
  • Full Winterized Camp Completed in early 2025 and ready for 10 person teams.

(* Press released results: ‘Saga Metals Reports Channel Sample Assay Results at Double Mer Uranium Project’, December 3, 2024)

Mineralization at Double Mer occurs in multiple styles, including uraninite-bearing pegmatites, sheared gneiss, and iron carbonate-rich zones with sheeted smoky quartz veins, indicating large-tonnage potential open along strike and at depth.

Map of the Double Mer Uranium Project highlight the 18km trend verified through surface sample and uranium count radiometrics

Figure 2: Map of the Double Mer Uranium Project highlight the 18km trend verified through surface sample and uranium count radiometrics

Selected samples across the 18 km strike were collected by SAGA’s exploration team during prior exploration surface programs for the purposes of petrography, mineralogical and petrochemical interpretations. The pegmatites can be subdivided into two subgroups based on radioelement and rare earth-bearing minerals in association with the mafic mineral abundance of biotite. The results of this analysis confirmed the presence of uraninite and have shown unequivocally that both pegmatite subgroups identified on the property are genetically related and belong to the same magmatic event.

Highly strained granitic pegmatite showing an East-West foliation and significant uranophane mineralization located in the Katjuk (Arrow) Zone. One of multiple pegmatite units which are interleaved between a gossanous and silicified biotite schist and granitic gneiss.

Figure 3: Highly strained granitic pegmatite showing an East-West foliation and significant uranophane mineralization located in the Katjuk (Arrow) Zone. One of multiple pegmatite units which are interleaved between a gossanous and silicified biotite schist and granitic gneiss.

Double Mer Uranium Project: Fully Permitted and Drill-Ready

The project is fully drill-ready, with permits secured for a maiden diamond drill program aimed at systematically testing the high-grade anomalies. Supporting this is SAGA’s ten-person winterized exploration camp, refurbished earlier in 2025 with upgrades to personnel cabins, kitchen, dry facilities, electrical systems, generator, and dock—ensuring year-round operations in Labrador.

SAGA

Figure 4: SAGA’s Double Mer Uranium Project Base Camp

‘This uranium bull market appears to be just getting started as Uranium futures rose past $81 per tonne in late October, testing the 15-month high of $83.5 touched last month on expectations of higher demand for nuclear power. Double Mer’s 18 km strike in the heart of Labrador’s uranium district positions SAGA to deliver high-impact results at a critical time,’ said Michael Garagan, CGO and Director of Saga Metals Corp. ‘With drill permits in hand, a fully refurbished winter camp, and assays confirming near-surface mineralization, Double Mer is ready to unlock shareholder value and potentially contribute to North America’s energy independence.’

The Uranium Market in a snapshot – Canadian firms Cameco, Brookfield sign $80 Billion deal with U.S. Government:

The uranium market is experiencing a renaissance, with major industry players ramping up involvement to meet escalating needs 1 . Leading producer Cameco Corporation recently announced a landmark $80 billion partnership with Brookfield Renewable Partners and the U.S. government to accelerate the deployment of Westinghouse AP1000 nuclear reactors across the United States, marking one of the largest nuclear energy investments in history 2 . This deal, which includes government-facilitated financing and regulatory approvals, sent Cameco’s shares soaring over 20% to record highs, underscoring investor conviction in uranium’s short-term upside 3 . Other majors, including Paladin Energy and Kazatomprom, are expanding production capacities, while tech giants like Google partner with NextEra Energy to revive shuttered nuclear plants—such as Iowa’s Duane Arnold facility by 2029—to power AI data centers with carbon-free energy 4 .

Supply constraints are intensifying the bullish outlook, with annual global reactor demand estimated at 180 million pounds U 3 O 8 consistently outpacing primary production throughout 2025, creating a structural deficit projected to widen over the next decade 5 . The World Nuclear Association forecasts a 25-28% surge in uranium demand by 2030, driven by over 60 new reactors under construction worldwide and plans for 400 more by 2040 6 . This imbalance is expected to persist for at least 10-15 years, with uranium prices forecasted to reach $90-100 per pound by year-end 2025 and potentially exceed $110 in 2026, as new mine developments lag behind consumption growth 7 .

A key driver of this demand explosion is the AI revolution, where data centers’ electricity consumption is projected to double by 2030 and reach nearly 9% of U.S. total power use by 2035 8 . Nuclear power’s reliability and low-carbon profile make it ideal for hyperscale AI operations; for instance, Microsoft’s agreement to restart Three Mile Island and Amazon’s investments in small modular reactors (SMRs) highlight how tech firms are turning to uranium-fueled energy to fuel the AI boom, with U.S. nuclear generation expected to grow 27% post-2035 to meet this surge 9 .

Compounding these market dynamics, the U.S. government has taken aggressive steps to secure domestic uranium supply and revitalize its nuclear sector. In May 2025, President Trump signed four executive orders aimed at quadrupling U.S. nuclear capacity to 400 GW by 2050, including directives to expand domestic uranium mining, processing, and enrichment while reducing reliance on foreign sources like Russia and China 10 . The Uranium for Energy Independence Act of 2025 (H.R. 1622) further bolsters this by incentivizing U.S.-sourced uranium purchases for federal agencies, while the Department of Energy launched a new consortium in August 2025 under the Defense Production Act to strengthen the nuclear fuel supply chain 11 . These policies not only de-risk North American projects but position uranium explorers like SAGA for rapid advancement 12 .

To learn more about Saga Metals Double Mer Uranium Project please visit the project page found here on the corporate website: https://sagametals.com/double-mer-uranium-project/

Option Issuances

In addition, the Company announces the issuance of an aggregate of 950,000 incentive stock options (the ‘Options’) to certain directors and officers of the Company. Each Option entitles the holder thereof to acquire one common share of the Company at a price of $0.435 per common share for a period of three years from the date of grant. The Options shall vest over a period of two years from the date of grant with 1/3 vesting immediately and 1/3 vesting on each of the first and second anniversary of the date of grant.

Qualified Person

Peter Webster, P. Geo., of Mercator Geological Services is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.

Sources:

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

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 this release.

Cautionary Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company’s Double Mer Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations 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, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

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Spartan Metals Identifies High-Grade Silver-Rich CRD Target on Trend with Tungstonia Vein System at the Eagle Project

(TheNewswire)

Spartan Metals Corp.

Vancouver, Canada TheNewswire – November 3, 2025 Spartan Metals Corp. (‘ Spartan ‘ or the ‘ Company ‘) (TSX-V: W) is pleased to announce that it has identified a silver-rich Carbonate Replacement Deposit (‘ CRD ‘) target on trend with the past producing Tungstonia Mine vein system at its 100% owned Eagle Tungsten-Silver-Rubidium Project (‘ Eagle ‘ or ‘ Project ‘) in eastern Nevada.

Brett Marsh, Spartan’s President and CEO, states ‘When hydrothermal fluids moving along the structural corridors interact with thick, carbonate-rich sedimentary packages at the contact with the Tungstonia Granite intrusion, we have the potential to develop an enriched depositional zone along preferred limestone and dolostone beds, at structural intersections, and where we see veining in our host rocks. The rock chip samples from 2024 returned several high-grade results that carry several of the primary metals commonly associated with carbonate replacement deposit mineralization including silver, lead, copper, and zinc. This strongly suggests the potential for a larger carbonate replacement deposit that could potentially contain significant critical metal concentrations at the Tungstonia Claim Block.’

Mr. Marsh continues, ‘We are equally enthusiastic about the discovery of an extensive vein system with significant silver-copper-antimony that is continuing to develop at our Rees Claim block. The initial mapping and surface sampling of the claim block appears to connect the former Antelope Mine to a series of veins, breccias, and CRD mineralization located approximately 1.0 kilometer to the east of the mine itself. The potential to discover bonanza grade silver at over 1,500 grams per tonne along with other critical metals such as antimony, arsenic, and copper over an approximate 1-kilometer strike length makes the Eagle Project a significant U.S. critical metal asset.’

Recent surface exploration and detailed review of previous surface rock chip sampling have identified high-grade silver and base metal replacement mineralization that extends approximately 2.5 kilometers (‘km’) along the contact between the Tungstonia Granite intrusion and the limestone and dolostone host rocks exposed to the south and south-west of the Tungstonia vein system. This mineralization occurs in association with previously unidentified quartz veins in the Tungstonia Claim block with similar strike and periodicity as veins observed in and around the past-producing Tungstonia Mine area (Figure 1).

Additionally, mapping and rock chip sampling at the Rees Claim block suggests a second potential CRD system (Figure 2) where mineralization at the silver (‘Ag’)-copper (‘Cu’)-antimony (‘Sb’) Antelope Mine appears to be concentrated within a limestone-dolostone hosted vein system with tetrahedrite that is orthogonal to an interpreted northeast structural corridor that extends approximately 1.0 kms.


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Figure 1 View of southwest portion of Tungstonia Claim block with rock chip samples showing significant Ag, Pb, Zn, and Cu mineralization. Samples shown were previously reported in July 31, 2025, NI 43-101 Technical Report on the Eagle Project


Click Image To View Full Size

Figure 2 View of southeast portion of Rees Claim block with rock chip samples showing high-grade Ag, Cu, and Sb. Samples shown (except An-25001) were previously reported in July 31, 2025, NI 43-101 Technical Report on the Eagle Project.

QA/QC Procedures

Sample An-25001 was taken as grab sample from waste dump piles by hand to obtain an approximate 2-kilogram sample. The sample was submitted to ALS Labs of Reno, Nevada, which is a certified and accredited laboratory, independent of the Company. Samples are prepared using industry standard-prep methods and analyzed using method ME-MS61 (61 element suite: 0.25g 4-acid digestion ICP-MS with Ag-OG62, Ag-GRA21, and CU-OG62 ore grade for overlimit Ag and Cu, respectively). ALS inserted blank material with An-25001 and performed its own internal QAQC analysis to ensure proper sample preparation and equipment calibration. Spartan’s QAQC includes regular insertion of CRM standards, duplicates, and blanks with a stringent review of results completed by the Company’s Qualified Person, Brett R. Marsh, President and CEO of Spartan Metals.

About The Eagle Project

The Eagle Project presents a unique opportunity to delineate one of the largest and highest-grade Tungsten (‘W’) and Rubidium (‘Rb’) districts in the United States. The Project consists of the past- producing high-grade Tungstonia and Rees/Antelope tungsten (W-Cu-Ag) mines. Operations at these mines were from 1915 to 1942 with intermittent small-scale production occurring until 1956. Tungsten production from these two mines totaled 8,379 units at grades between 0.6%-0.9% WO 3 (1).

The Project is ~20 km² in size and located approximately 120 kilometers northeast of the town of Ely, in the Kern Mountains of White Pine County, Nevada. The Project covers 4,936 acres consisting of 244 Bureau of Land Management (BLM) unpatented lode mining claims.

Three deposit types are present at Eagle; Porphyry, Skarn, and Carbonate Replacement (CRD) that contain significant or anomalous grades of Tungsten (W), Silver (Ag), and Rubidium (Rb) plus Cu-Sb±Au-Pb-Zn-Bi-As across three project focus areas that also includes the potential to recover W-Rb-Ag from the legacy Tungstonia Mill Tailings.

  1. (1) Nevada Bureau of Mines and Geology (1988), Bulletin 105 p213-217

The technical information contained in this news release has been prepared under the supervision of, and approved by Brett R. Marsh, CPG. Mr. Marsh is President and CEO of Spartan Metals Corp. and a ‘qualified person’ as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects .

About Spartan Metals Corp.

Spartan Metals is focused on developing critical minerals projects in top-tier mining jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic.

Spartan’s flagship project is the Eagle Project in eastern Nevada that consists of the highest-grade historic tungsten resource in the USA (the past-producing Tungstonia Mine) along with significant under-defined resources consisting of: high-grade rubidium; antimony; bismuth; indium; as well as precious and base metals. More information about Spartan Metals can be found at www.SpartanMetals.com

On behalf of the Board of Spartan

‘Brett Marsh’

President, CEO & Director

Further Information:

Brett Marsh, M.Sc., MBA, CPG

President, CEO & Director

1-888-535-0325

info@spartanmetals.com

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 this press release

Forward Looking Statements

This news release contains statements that constitute ‘forward-looking statements.’ Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential’ and similar expressions, or that events or conditions ‘will,’ ‘would,’ ‘may,’ ‘could’ or ‘should’ occur. Forward-Looking Information in this news release, Spartan has applied several material assumptions, including, but not limited to, assumptions that: the current objectives concerning the Company’s projects can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner; and that all requisite information will be available in a timely manner.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the ability of the Company to implement its business strategies; competition; the ability of the Company to obtain and retain all applicable regulatory and other approvals and other assumptions, risks and uncertainties.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Locksley Receives Up to US$191 Million Potential Support from EXIM for U.S. Critical Minerals Push

Locksley Resources Limited (ASX: LKY,OTC:LKYRF, OTCQX: LKYRF) announced the receipt of a Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM) outlining the intent to provide up to US$191 million in potential project financing support for the Company’s Mojave Project in California. EXIM, a wholly owned independent agency of the U.S. Government, operates under a Congressional mandate to promote American economic and national security interests through project and export financing. Its recent Supply Chain Resiliency Initiative and China and Transformational Exports Program prioritize funding for critical mineral projects that reduce foreign supply dependence and rebuild U.S. industrial capability. Additional details can be found here: https:cdn-api.markitdigital.comapiman-gatewayASXasx-research1.0file2924-03017919-6A1295024&v=undefined.

‘This LOI represents a cornerstone in Locksley’s engagement with U.S. federal agencies and paves the way for detailed due diligence and underwriting to advance a comprehensive financing package for the Mojave Project,’ said Kerrie Matthews, Managing Director and CEO of Locksley. She added that the LOI provides a foundation to progress formal financing discussions while advancing the Company’s downstream and offtake plans. ‘With our 100% American made antimony ingot now produced, we are demonstrating Locksley’s capacity to deliver the next generation of U.S. critical minerals for supply chains.’

Locksley continues to accelerate development and shorten the traditional mining project timeline via government support across parallel workstreams. Upstream the company has fast-tracked development of the Desert Antimony Mine through both conventional and non-traditional methods, enabling near-term ore supply. Downstream the company is collaborating with Rice University’s Deep Solve™ program and modular processing options to establish U.S. refining capacity at speed. And, by focusing on direct alignment with U.S. defense, energy transition and industrial partners to deliver 100% Made in America antimony, the company is establishing an integrated supply chain. This multiple track approach positions Mojave as one of the fastest moving U.S. antimony developments, directly supporting U.S. national security and clean energy priorities.

Drew Horn, a former White House Advisor on Critical Minerals and Chief Executive of GreenMet, which serves as consultants to Locksley said, ‘EXIM’s Letter of Interest represents more than just financial support. It reflects a coordinated U.S. government directive to rebuild domestic critical minerals capability. We are now entering a period where nearly all federal funding in this sector is being directed under White House led initiatives and Locksley is benefitting from this effort.’

Locksley Resources (https://www.locksleyresources.com.au) is focused on critical minerals in the U.S. The company is actively advancing the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley is executing a mine-to-market strategy for antimony, aimed at reestablishing domestic supply chains for critical materials, underpinned by strategic downstream technology partnerships with leading U.S. research institutions and industry partners. This integrated approach combined resource development with innovative processing and separation technologies, positions Locksley to play a key role in advancing U.S. critical minerals independence.

Contact: Beverly Jedynak, beverly.jedynak@viriathus.com, 312-943-1123; 773-350-5793

Cision View original content:https://www.prnewswire.com/news-releases/locksley-receives-up-to-us191-million-potential-support-from-exim-for-us-critical-minerals-push-302602203.html

SOURCE Locksley Resources

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Anteros Metals Inc. Announces Closing of First Tranche of Private Placement

Anteros Metals Inc. (CSE: ANT) (‘Anteros’ or the ‘Company’) announces that, further to its press release dated October 7, 2025, it has closed the first tranche of its non-brokered private placement through the issuance of 7,104,309 flow-through units (each, an ‘FT Unit’) at a price of $0.065 per FT Unit, and 3,100,000 hard dollar units (each, a ‘Unit’) at a price of $0.05 per Unit, for aggregate gross proceeds of $616,780.09 (the ‘Offering’).

Each FT Unit was comprised of one common share, issued on a flow-through basis (‘FT Share‘) and one-half of one whole common share purchase warrant, issued on a non-flow-through basis (each whole warrant, a ‘Warrant‘). Each Warrant shall entitle the holder thereof to acquire one common share in the capital of the Company (each, a ‘Common Share‘) at a price of $0.10 per Common Share for a period of two (2) years from date of issuance. The FT Shares will qualify as ‘flow-through shares’ within the meaning of subsection 66(15) of the Income Tax Act (Canada), which also qualify for the Canadian government’s Critical Mineral Exploration Tax Credit. Each Unit was comprised of one Common Share and one-half of one whole Warrant.

All securities issued pursuant to the Offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

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

In connection with the Offering, the Company paid: (i) a cash commission of $11,700.00; and issued (ii) 25,000 finder’s warrants (each, a ‘Finder’s Warrant‘) to certain finders (the ‘Finders‘). Each Finder’s Warrant is exercisable to purchase one additional common share (each, a ‘Finder’s Share‘) at a price of $0.10 per Finder’s Share.

ABOUT Anteros Metals Inc.

Anteros Metals Inc. is a Canadian exploration company focused on advancing a pipeline of critical minerals projects across Newfoundland and Labrador and select Canadian jurisdictions. The Company is targeting copper, nickel, zinc, and emerging strategic commodities that support the global energy transition. Immediate plans for their flagship Knob Lake Property include bringing the historical Fe-Mn Mineral Resource Estimate into current status as well as commencing baseline environmental and feasibility studies.

For further information please contact or visit:

Email: info@anterosmetals.com | Phone: +1-709-769-1151
Web: www.anterosmetals.com | Social: @anterosmetals
Web: https://www.thunderbayexecutives.com/rift-minerals-inc

On behalf of the Board of Directors,

Chris Morrison
Director

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

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

Cautionary Statement Regarding Forward-Looking Information

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

NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA

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