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Senate Republican leadership is weighing whether to cancel, or shorten, their upcoming August break following President Donald Trump’s request to stay in town and finish confirming his outstanding nominees. 

Over the last six months, the Senate has moved at a breakneck pace to confirm the president’s nominees all while facing resistance from Senate Democrats. So far, 96 of Trump’s nominees have been confirmed. Still, there are 136 outstanding nominations on the upper chamber’s calendar that haven’t made it over the finish line.

Year in and year out, lawmakers typically escape from the Hill for the entire month of August, either recuperating from months in Washington, D.C., or selling their legislative accomplishments to people back home.

But Trump on Sunday called on Senate Majority Leader John Thune, R-S.D., to keep lawmakers in town to finish their work on confirming his slew of outstanding nominees.

‘Hopefully the very talented John Thune, fresh off our many victories over the past two weeks and, indeed, 6 months, will cancel August recess (and long weekends!), in order to get my incredible nominees confirmed,’ Trump said on his social media platform Truth Social. ‘We need them badly!!! DJT’

Thune said he had spoken with the president about the August recess issue, but did not say whether the entire break would be canceled. A senior GOP aide told Fox News Digital that discussions over shortening the August recess were already happening before Trump’s request.

‘We’re thinking about it,’ Thune said. ‘We want to get as many noms through the pipeline as we can. And honestly, it’d be nice to have Democrats who actually would kind of act more according to historical precedents when it comes to this.’

The remaining spots that need to be filled run across nearly every facet of the federal government, including positions in the Defense Department, Environmental Protection Agency, Commerce Department and a slew of ambassadors, among others.

Among the remaining nominees are some familiar faces from the 2024 election and beyond, including Hung Cao, who ran against Sen. Tim Kaine, D-Va., and was nominated as Navy undersecretary; Donald Trump Jr.’s ex-fiancee Kimberly Guilfoyle, who was tapped to be the U.S. ambassador to Greece, and former Rep. Marc Molinaro, R-N.Y., who was nominated to be Federal Transit administrator.

Thune accused Senate Democrats of being obstructionist and noted that so far, not a single nominee has been approved through the fast-track voice vote or unanimous consent processes. Indeed, every nominee has been put to a floor vote. Only Secretary of State Marco Rubio received a near unanimous, 99 to 0, vote.

Earlier this year, Senate Minority Leader Chuck Schumer, D-N.Y., supported delaying all the president’s nominees who lack unanimous support in the upper chamber, effectively triggering floor votes for each. He also used an arcane Senate procedural move to stall federal prosecutors in committee.

‘This is something that we’re very committed to, and we’re going to be looking at all the options in the next few weeks to try and get as many of those across the finish line as we can,’ Thune said. 

This post appeared first on FOX NEWS

A judge on Monday temporarily blocked the Trump administration from stripping some Medicaid funds from Planned Parenthood after Congress and President Donald Trump agreed to partially defund the nonprofit through passage of the One Big Beautiful Bill Act.

Judge Indira Talwani of the U.S. District Court for the District of Massachusetts said in her order partially granting a preliminary injunction that the bill unconstitutionally punishes Planned Parenthood member organizations that do not provide abortions. 

The injunction will risk ‘at most minimal harm—financial or otherwise’ to the Trump administration while the lawsuit proceeds, Talwani, an Obama appointee, wrote.

The judge’s order appears to apply to some but not all Planned Parenthood facilities. The nonprofit said in a statement that it viewed Talwani’s order as a partial win and remained ‘hopeful’ that the judge would take further judicial action down the line.

‘This isn’t over,’ the organization said. ‘While we’re grateful that the court recognized the harm caused by this law, we’re disappointed that not all members were granted the necessary relief today.’

Talwani’s order arose from a lawsuit brought by Planned Parenthood, the nation’s largest abortion provider, over the One Big Beautiful Bill Act, a massive budget bill that passed Congress this month with no Democrat support. Trump signed the bill into law on July 4.

A provision in the bill stripped Medicaid funding from Planned Parenthood, which the nonprofit said could force it to close about 200 of its 600 facilities and deprive about half of its customers, more than one million people, of services that do not include abortion.

Planned Parenthood attorneys noted in court filings that Medicaid typically does not cover abortion.

The attorneys argued that the bill would cause cancer and sexually transmitted infections to go undetected, especially for low-income people, and that more unplanned pregnancies would occur because of a lack of contraception access. They said the consequences of losing Medicaid funding ‘will be grave.’

Department of Justice (DOJ) attorneys had previously argued in court filings that the purpose of the budget provision was to stop ‘federal subsidies for Big Abortion’ by freezing federal funds for certain Medicaid recipients who provide abortions. Weakening Planned Parenthood has been one of the pro-life movement’s leading priorities since the Supreme Court overturned Roe v. Wade.

Talwani granted a temporary restraining order two weeks ago in favor of Planned Parenthood. The judge initially offered no explanation for her decision, a move that led to widespread backlash among Republicans who described it as judicial overreach. Days later, Talwani offered more context in a subsequent order.

The preliminary injunction will partially leave in place the pause on defunding Planned Parenthood indefinitely, but the Trump administration is likely to appeal the order to the U.S. Court of Appeals for the First Circuit.

The judge noted that her injunction applied to Planned Parenthood entities that do not provide abortion services or receive less than $800,000 in annual Medicaid reimbursements.

DOJ attorneys had previously argued to the court that blocking a measure that was passed by Congress and signed by the president was an extraordinary move and unjustified.

‘Beyond the futility of the claims on the merits, Planned Parenthood fails to demonstrate imminent irreparable harm to justify an injunction, asserting only classically reparable economic injury and irrelevant potential harm to patients, who are third parties not before this Court,’ DOJ attorneys wrote.

This post appeared first on FOX NEWS

President Donald Trump slammed Rep. Thomas Massie, R-Ky., calling the lawmaker ‘the worst Republican Congressman’ in a Monday night Truth Social post, while noting that he is seeking a challenger he can support against the incumbent lawmaker.

‘Thomas Massie, the worst Republican Congressman, and an almost guaranteed NO VOTE each and every time, is an Embarrassment to Kentucky. He’s lazy, slow moving, and totally disingenuous – A real loser! Never has anything positive to add. Looking for someone good to run against this guy, someone I can Endorse and vigorously campaign for!’ Trump declared in the post.

The president’s post linked to a video by MAGA KY targeting the congressman for ouster. ‘Let’s fire Thomas Massie,’ the voiceover declares.

Fox News Digital reached out to Massie early on Tuesday morning, but did not receive a response by the time of publication.

Massie, a fiscal hawk, voted against passage of the Trump-backed One Big Beautiful Bill Act.

Trump has been a vociferous critic of the congressman.

In a Truth Social post last month, the president asserted that Massie ‘is not MAGA,’ and declared, ‘we will have a wonderful American Patriot running against him in the Republican Primary, and I’ll be out in Kentucky campaigning really hard.’

Billionaire business tycoon Elon Musk has indicated that he will donate to support Massie’s re-election bid.

This post appeared first on FOX NEWS

 

(TheNewswire)

 

 

 

 

Vancouver, British Columbia TheNewswire – July 21, 2025 : FinEx Metals Ltd. (TSX-V: FINX) (‘FinEx’ or the ‘Company’ ) is pleased to provide an update on exploration activities at its flagship Ruoppa project, situated adjacent Agnico Eagle’s Kittilä mine land position and in proximity to Rupert Resources’ Ikkari discovery in the Central Lapland Greenstone Belt in northern Finland . The Company’s 2025 field season is focused on expanding the structural and geochemical understanding of the Ruoppa area through high-resolution magnetics, surface sampling, Top of Bedrock (ToB) drilling, trenching and diamond core drilling scheduled to commence in early August.

 

  Exploration Highlights  

 

  •  

      Drone Magnetic Survey Completed: ~140 km² of high-resolution aeromagnetic survey was flown to assist with geological interpretation and targeting;  

     

  •  

  •  

      Soil Sampling Program Underway: ~500 samples will be collected across priority areas northeast of Ruoppa;  

     

  •  

  •  

      Top-of-Bedrock Drilling Initiated: ~500 ToB samples will be collected with the goal of expanding and infilling the gold-in-soil anomaly at Ruoppa East;  

     

  •  

  •  

      Trenching Program Underway: ~1,200 metres will be excavated to better understand geological structure, veining and lithological contacts; and  

     

  •  

  •  

      Diamond Drilling Planned: a 2,500-metre inaugural diamond drill program is scheduled to commence on the Ruoppa East target in early August 2025 testing the zone of quartz veining that returned high-grade gold values from trenches dug in 2024.  

     

  •  

  Tero Kosonen, Chairman and CEO of the Company, states:   ‘With our listing on the TSX Venture Exchange successfully completed, we are rapidly advancing the various exploration targets on the Ruoppa project with an aeromagnetic survey, geochemical sampling and trenching. The upcoming drill program marks a pivotal next step as we aim to translate that groundwork into discovery.  This is a high-conviction exploration campaign and the team is working hard to execute a program designed to unlock the project’s potential.’  

 

  High-Resolution Drone Magnetic Survey Completed  

 

  FinEx recently completed a 3,080-line kilometre high-resolution drone magnetic survey covering approximately 140 square kilometres and the entirety of the Ruoppa gold project. The survey was flown with 50-metre line spacing and approximately 40 metres above ground level.  

 

  This high-resolution magnetic dataset provides for detailed interpretation of geological structures including shear zones, faults and major lithological contacts which are typical controls on gold mineralization in the Central Lapland Greenstone Belt and other greenstone belts worldwide.  

 

  Structural Lineament Interpretation in Progress  

 

  Building on the newly acquired drone magnetic data, FinEx is refining its regional structural interpretation to improve its understanding of the controls on mineralization. This work will be ongoing throughout July and August 2025.  

 

  Soil Sampling Survey Advancing  

 

  A regional geochemical soil sampling program is underway across priority areas northeast of the Ruoppa project area with the goal of identifying new areas of mineralisation.  

 

  Approximately 500 samples are planned for this program. The results will be used in conjunction with the geophysical interpretation to develop additional drill targets.  

 

  ToB Drill Program Underway  

 

  In early July, FinEx commenced a ToB drill campaign focusing on extending and infilling the known gold-in-soil anomaly at Ruoppa East, specifically targeting extensions to the east and south. Additionally, the program will be used to generate new targets to the north of the Ruoppa East target (Figure 1).  

 

    
Click Image To View Full Size
 

 

  Figure 1.  Ruoppa Gold Project ToB drilling and East Target locations.  

 

  Up to 500 ToB samples are planned in total. These programs are a cost-effective method of targeting geologically prospective ground beneath a veneer of glacial till cover that remains untested by prior surface work or drilling (Figure 2). This ToB sampling methodology is widely used in Finland and has been used to make several discoveries including Ruppert Resources’ Ikkari deposit located approximately 53 km southeast of the Ruoppa project.  

 

    
Click Image To View Full Size
 

 

  Figure 2.  Ongoing ToB (Top-of-Bedrock) sampling at the Ruoppa Gold Project.  

 

  Trenching Program Underway  

 

  In July, FinEx initiated a trenching campaign at Ruoppa East aimed at extending the principal target zone westward and southwestward. The program is designed to provide structural and lithological context, including information on vein continuity, geological contacts and structural orientations beneath the veneer of glacial till cover.  

 

  Approximately 1,200 metres of trenching is currently being completed (Figures 3 and 4).  Geological mapping and systematic sampling of the trenches are underway and will continue through mid-August. Channel sampling and/or continuous rock chip sampling will be conducted to support detailed geochemical and structural interpretation.  

 

    
Click Image To View Full Size
 

 

  Figure 3. Newly excavated trench at the Ruoppa East target area.  

 

    
Click Image To View Full Size
 

 

  

Figure 4. Trench sampling at Ruoppa East.  

 

  Diamond Drill Campaign  

 

  FinEx is preparing to initiate its inaugural diamond drill program at the Ruoppa project, with drilling anticipated to commence in early August. The campaign will comprise approximately 2,500 metres of core drilling and is designed to test high-priority targets defined by earlier trenching and ToB drilling. Drilling will specifically focus on the Ruoppa East area which returned a series of high-grade gold targets that intermittently extend over approximately 2.7 km. High-grade rock grab samples from trenches include 52 samples that returned values greater than 1 g/t Au with the highest value returning 95.1 g/t Au, within a broad zone of orogenic quartz veining extending over approximately 250 m.  

 

  This program marks a pivotal step in evaluating the potential of mineralized trends identified at surface and advancing the Ruoppa project through systematic, technically-driven exploration.  

 

  For more information on the Ruoppa project, refer to the NI 43-101 Technical Report dated April 14, 2025, as filed on SEDAR+ at    www.sedarplus.ca    .  

 

  Stock Option Grant  

 

  The Company has granted 2,030,000 incentive stock options (the ‘Options’) to directors, officers, employees and consultants of the Company. Each Option is exercisable to purchase one common share of the Company at a price of $0.30 for a five-year term. 1,780,000 Options vest immediately and 250,000 Options will vest in 12 months. The Options are subject to the acceptance of the TSX Venture Exchange.  

 

  About FinEx Metals Ltd.  

 

  FinEx Metals Ltd. (TSX-V: FINX) is a gold-focused mineral exploration company with a portfolio of 100% owned, royalty free projects near existing mining operations in the Central Lapland Greenstone Belt in Finland. The Company’s flagship Ruoppa project adjoins Agnico Eagle’s Kittilä mine land position, the largest gold mine in Europe and in proximity to the land position that hosts Rupert Resources recent Ikkari discovery.  

 

  For more information, please visit the Company’s website at    www.finexmetals.net.   

 

  FinEx Metals is part of the NewQuest Capital Group, a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. Further information about NewQuest can be found on the company website at    www.nqcapitalgroup.com.   

 

  Qualified Person  

 

  The scientific and technical information contained in this news release has been reviewed and approved by Dr. Petri Peltonen, MAusIMM(CP), EurGeol, a ‘Qualified Person’ (‘QP’) as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen is not independent by reason of being a Contractor and Shareholder of the Company.  

 

  On Behalf of the Board of Directors  

 

  Tero Kosonen  

 

  Chairman and Chief Executive Officer  

 

  +1 (604) 681-9100  

 

   tero@finexmetals.net   

 

  For further information, please contact:  

 

  Brennan Zerb  

 

  Investor Relations Manager  

 

  +1 (778) 867-5016  

 

   bzerb@nqcapitalgroup.com   

 

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

 

  Forward-Looking Statements:  

 

    This news release includes certain forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the proposed listing on the TSX Venture Exchange, future capital expenditures, exploration activities and the specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as ‘pro forma’, ‘plans’, ‘expects’, ‘may’, ‘should’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, ‘believes’, ‘potential’ or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the anticipated business plans and timing of future activities of the Company, including the Company’s exploration plans and the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, the ability of the Company to obtain the required permits, changes in laws, regulations and policies affecting mining operations, the Company’s limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading ‘Risk Factors’ in the Company’s prospectus dated June 13, 2025 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR+ website at www.sedarplus.ca.  

 

  Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.  

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

 

Stallion Uranium Corp. (the ‘ Company ‘ or ‘ Stallion ‘) ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) is pleased to announce the results from a Stepwise Moving Loop, Time Domain Electromagnetic (‘ SWML-TDEM ‘) survey completed over the high-priority Coyote Target on its Moonlite Project (Figure 1). The Coyote Target, located within the Southwestern Athabasca Basin spans claims held in partnership with Atha Energy Corp. (‘ Atha Energy ‘) ( TSX-V: SASK ) as well as claims that are 100% owned by Stallion Uranium.

 

  ‘These results confirm the presence of strong basement conductors beneath the Athabasca Basin sandstone, with characteristics consistent with major uranium discoveries,’ said Darren Slugoski, VP Exploration for Stallion Uranium. ‘Conductor – Coyote_14.25S, in particular, stands out as a high-priority drill target, supported by both strong geophysical response and a coincident gravity low; suggesting possible uranium alteration.’  

 

  ‘Coyote continues to prove one of the most promising targets in our portfolio,’ added Slugoski. ‘With strong geophysical signatures and favourable structural settings, we believe the area has potential to host a new basement-hosted uranium discovery.’  

 

  Highlights:  

 

  • Stallion deployed cutting-edge Stepwise Moving Loop Time Domain EM (SWML-TDEM) technology, specifically designed for high-resolution imaging of basement-hosted uranium targets beneath Athabasca sandstone cover
  •  

  • The survey revealed three distinct basement conductors, including two high-priority anomalies with strong conductance levels (>10 S), directly comparable to those seen at major uranium discoveries
  •  

  • Utilizing Abitibi Geophysics’ proprietary ARMIT-TDEM sensor paired with a SMARTem24 receiver, the system achieved exceptional signal clarity and depth detection of up to 1,000 meters; key for targeting deep-rooted uranium-bearing structures
  •  

  • All conductors lie within a gravity low; interpreted as potential uranium alteration
  •  

  • Electromagnetic modeling confirms tabular geometry, depth potential, and favorable dips; critical vectors for high-grade basement-hosted uranium
  •  

  • Project is 100% permitted for drilling and targeting underway for Stallion’s first drill test of this highly prospective corridor
  •  

  Key Conductors Identified:  

 

                    

  Conductor:     Conductance:     Geometry
Quality:
 
  Depth
Potential:
 
  Priority:  
  Coyote_14.25S   14.25 S (Strong) Excellent 425 m High
  Coyote_10.7S   10.7 S (Strong) Good 425 m High
  Coyote_6.7S   6.7 S (Moderate) Good 425 m Moderate

 

 

 

   Figure 1    : Results of SWML Plate Modeling over Ground Gravity Survey Inversion

 

  25 m below Unconformity  

 

  Interpretation:  

 

Conductor – Coyote_14.25S is a strong, discrete, and tabular anomaly extending 1,750 m along strike and 1,000 m in depth, dipping steeply to the southeast. Its conductance of 14.25 S places it at the upper range for Athabasca-style graphitic shears.

 

Conductor – Coyote_10.7S shares similar orientation and conductance (10.7 S) and is located along a lithological or structural contact; potentially a conduit for uranium-bearing fluids.

 

Conductor – Coyote_6.7S is a moderate conductor with a strong geometric signature, likely representing a brittle fault zone or narrow graphitic shear.

 

All three conductors are located within or proximal to a regional gravity low anomaly, interpreted as possible zones of uranium alteration, structural thickening, or basement faulting—key ingredients for uranium mineralization in the Basin.

 

 

 

   Figure 2    : Coyote Target – 3D image of SWML Plate over 3D Gravity

 

  Conductors interpreted from previous MobileMT Survey  

 

  Next Steps:  

 

Based on the compelling geophysical results, Stallion will integrate these findings with ongoing geological and historical data reviews to prioritize drill targets for a planned drill program at Coyote in winter 2026. The Moonlite Project is already permitted for drilling.

 

For visuals of the EM response and modeled conductor plates, see Figures 1 & 2.

 

 

 

   Figure 3    : Moonlite Project with Target Areas

 

  SWML-TDEM Survey:  

 

Abitibi Geophysics completed the SWML-TDEM survey over a single 5.8 km-long line using nine overlapping transmitter loops (each 400 m x 600 m), recording high-resolution electromagnetic responses at regularly spaced receiver stations along the profile. This survey was conducted using Abitibi Geophysics’ proprietary ARMIT-TDEM system, which captures both B-field and dB/dt responses across three components simultaneously. These two data types are sensitive to different conductivity ranges and, when combined, enhance the detection and resolution of subsurface conductors.

 

The use of stepwise overlapping loops improves resolution compared to fixed-loop systems and is particularly well-suited for identifying discrete conductors in the complex basement geology of the Athabasca Basin. The data were collected using 10 Hz base frequency, with robust stacking, QA/QC protocols, and real-time data validation to ensure high-quality results.

 

  About the Plate Modeling:  

 

Once field data were collected, advanced 3D modeling was conducted using EMIT Maxwell software to convert raw EM data into interpretable geological features. The modeling process used the Leroi algorithm to simulate conductive plates within a layered-earth model—a critical feature for Athabasca-style settings where strong resistivity contrasts exist above and below the unconformity.

 

Modeling began with verification of survey geometry and the removal of noisy or suspect readings. Conductor plates were then inserted, oriented, and refined to match the observed EM response across multiple components. The final plate models were evaluated for geological plausibility, structural coherence, and data fit. The resulting models were exported and integrated with gravity, historical, and structural datasets to prioritize drill targets with the highest discovery potential.

 

  Qualifying Statement:  

 

The foregoing scientific and technical disclosures for Stallion Uranium have been reviewed by Darren Slugoski, P.Geo., VP Exploration, a registered member of the Professional Engineers and Geoscientists of Saskatchewan. Mr. Slugoski is a Qualified Person as defined by National Instrument 43-101.

 

Kyle Patterson, P.Geo., President of Convolutions Geoscience, has reviewed the foregoing scientific and technical disclosures for Convolutions Geoscience Corporation. Kyle is a registered member of the Professional Engineers and Geoscientists of Saskatchewan and the Engineers and Geoscientists of British Columbia.

 

  About Stallion Uranium Corp.:  

 

 Stallion Uranium is working to ‘Fuel the Future with Uranium’ through the exploration of roughly 1,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.

 

Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. For more information visit stallionuranium.com .

 

  On Behalf of the Board of Stallion Uranium Corp.:  

 

Matthew Schwab
CEO and Director

 

  Corporate Office:  
700 – 838 West Hastings Street,
Vancouver, British Columbia,
V6C 0A6

 

T: 604-551-2360
info@stallionuranium.com  

 

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

 

  This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, ‘forward-looking statements’) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ‘will likely result’, ‘are expected to’, ‘expects’, ‘will continue’, ‘is anticipated’, ‘anticipates’, ‘believes’, ‘estimated’, ‘intends’, ‘plans’, ‘forecast’, ‘projection’, ‘strategy’, ‘objective’ and ‘outlook’) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.  

 

  Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement .

 

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/36ffc8c7-839a-4be6-904f-8f13076b0390  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/2903c801-1e65-4661-875e-1f1ea4ae4413  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/a407984c-00bd-46ee-a7a8-8c09da3f3bc0  

 

   

 

 

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Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ( ‘ Skyharbour ‘ or the ‘ Company ‘) is pleased to report that its partner company Terra Clean Energy Corp. (‘Terra’, previously Tisdale Clean Energy) announces results from its Winter 2025 drill program and provides an update on the upcoming summer drill program at the South Falcon East Uranium Project (the ‘Property’), which hosts the Fraser Lakes B Uranium Deposit. The Property lies 18 km outside the edge of the Athabasca Basin, approximately 50 km east of the Key Lake mill and former mine. Skyharbour optioned the Project to Terra, and under the Option Agreement, assuming the 75% interest is earned, Terra will fund exploration expenditures totaling CAD $10,500,000, as well as pay Skyharbour CAD $11,100,000 in cash, of which $6,500,000 can be settled for shares in the capital of Terra (‘Shares’) over the earn-in period.

 

  Map of South Falcon East Project Claims:  
https://skyharbourltd.com/_resources/maps/Sky_SouthFalconEast_20250109.jpg?v=1  

 

  Winter 2025 Assay Results:  

 

Terra conducted a helicopter-supported drill program at the South Falcon East Property earlier in the year. Seven diamond drill holes were completed at the Fraser Lakes B Uranium Deposit, for a total of 1,927 metres. The initial results of these drill holes were reported in press releases dated March 10, 2025, and April 1, 2025. During the winter drill program, 682 samples were submitted for geochemical analysis at the Geoanalytical Laboratory at the Saskatchewan Research Council in Saskatoon, Saskatchewan. Results have been received and compiled, with the results presented in Table 1.

 

Results highlight several wide zones of uranium mineralization in holes SF0063, SF0065, SF0066, and SF0067, which were drilled to test an inferred NW-SE trending fault cutting through the Fraser Lakes B Uranium Deposit (Figure 2). The easternmost hole, SF0065, returned 18.1 metres at 0.03% U 3 O 8 , including a subinterval of 0.12% U 3 O 8 over 1.6 metres. Another interval within this hole returned 0.13% U 3 O 8 over 0.51 metres within a 3.72 metres interval that ran 0.09% U 3 O 8 . The northernmost hole, SF0067, returned 3.87 metres at 0.05% U 3 O 8 , including a subinterval of 0.17% U 3 O 8 over 0.5 metres. This 0.5-metre interval represents the best sample of the program. Another interval within this hole returned 0.03% U 3 O 8 over 8.05 metres, with 0.16% U 3 O 8 over a 0.5 metre interval within. The best intersections of the program, which are some of the better intersections for both grade and width within the deposit, remain open to the north and the east.

 

When compared with previously released equivalent uranium (%eU 3 O 8 ) results from the downhole gamma logging, the lab results typically highlight wider intervals of mineralization with higher grades than those identified by the probe. It is not unexpected or unusual for the lab results to be higher than the equivalent gamma results. The variation can be on average, +5% to +30% higher.

 

  Table 1: Winter 2025 Results from the Fraser Lakes B Deposit at the South Falcon East Uranium Project:  
https://www.skyharbourltd.com/_resources/news/Table_1_Winter_2025_U3O8_results_from_the_Fraser_Lakes_B_Deposit_at_the_South_Falcon_East_Uranium_Pr.png  

 

The typical pathfinder elements used to vector towards uranium in the Basin, including cobalt (Co), nickel (Ni), copper (Cu), lead (Pb), and zinc (Zn), all appear elevated within the metasedimentary package hosting the mineralized pegmatites, particularly Co and Ni. Elevated Pb is closely associated with elevated uranium. Hole SF0067 contains some of the higher pathfinder values, indicating another vector towards the north.

 

‘The results from the winter drilling program are very encouraging’, commented Trevor Perkins, Vice President of Exploration for Terra. ‘The thick mineralized intersections within the pegmatites and graphitic sediment package are a good sign. The fact that the grades are improving to the north along the NW fault shows that we are moving in the right direction for a higher-grade discovery’, continued Mr. Perkins.

 

‘These are some of the best drill results to date at South Falcon,’ said Greg Cameron, CEO of Terra. ‘The drills returned multiple hits, and an 18-metre run of uranium at the established grade of the deposit is a significant and positive development. Several holes returned higher-grade values, including as much as 466 percent greater than the deposit average. These results indicate our plan to increase the size and grade of the deposit is both sound and compelling. Drilling will continue almost immediately, and we’re excited to see what the next phase reveals,’ continued Mr. Cameron.

 

  Upcoming Summer 2025 Drill Program:  

 

Terra is planning an extensive follow-up drill program this summer, consisting of approximately 2,500 metres of drilling. The purpose is to test an area highlighted in the winter 2025 program, where it is interpreted that a north-northwest-trending brittle structure, a north-dipping structure with strong clay alteration, and mineralized pegmatites with hydrothermal hematite alteration hosted in graphitic pelitic gneiss all intersect. This places many of the indicators identified as being key components for higher-grade uranium mineralization all in the same location.

 

It is generally accepted that for higher-grade uranium deposits in the Athabasca Basin, you require several key indicators: graphitic metasediments, brittle reactivated basement structures, reducing fluid (indicated by clay alteration), and oxidizing fluid (indicated by hematite alteration, transports uranium). All these features have now been identified in the Fraser Lakes B deposit area. The location where they are projected to intercept is considered a top-priority target area for the discovery of a higher-grade unconformity-related, basement-hosted uranium mineralization and additional mineralized pegmatites.

 

The upcoming program will be a helicopter-supported drill program comprising seven to ten diamond drill holes targeting an area approximately 120 to 150 metres north of drill holes SF0063, SF0065, SF0066 and SF0067, which were completed during the winter program (Figure 2). The summer field program is anticipated to commence soon and the campaign will be executed by TerraLogic Exploration Inc. under the supervision of C. Trevor Perkins, Vice President of Exploration for Terra Clean Energy. Operations will be based out of a local contracting camp with helicopter support for the daily drilling activities. The expected budget for this program is anticipated to be C$2 million.

 

  Figure 2: Planned Summer Drilling Area and Completed Winter Drill Holes at South Falcon East Uranium Project:  
https://www.skyharbourltd.com/_resources/images/Planned-summer-drilling-area-completed-winter-drill.png  

 

‘We are excited to get back in there and test where the clay alteration intersects the mineralized zone and graphitic sediment package,’ commented Trevor Perkins, Vice President of Exploration for Terra. ‘This is an exciting target as it brings together many of the key features associated with the known basement hosted unconformity deposits in and around the Athabasca Basin’, continued Mr. Perkins.

 

  South Falcon East Project Summary:  

 

The South Falcon East Project is a uranium exploration project in the southeast Athabasca Basin and represents a portion of Skyharbour Resources Ltd.’s former South Falcon Project. The project covers approximately 12,464 hectares and is located 18 kilometres outside the Athabasca Basin, roughly 50 kilometres east of the Key Lake mill.

 

The project hosts the Fraser Lakes B Uranium-Thorium Deposit, which contains a historical inferred resource of 6.9 million pounds U₃O₈ at an average grade of 0.03% U₃O₈ and 5.3 million pounds ThO₂ at 0.023% ThO₂. Mineralization is hosted in shallow, structurally disrupted metasedimentary rocks and pegmatites, displaying Athabasca-style basement-hosted characteristics and occurring in association with well-defined EM conductors.

 

  Qualified Person:  

 

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour, as well as a Qualified Person.

 

  About Terra Clean Energy Corp.:  

 

Terra Clean Energy (formerly Tisdale Clean Energy Corp) is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project, which hosts an inferred uranium resource within the Fraser Lakes B uranium/thorium deposit, located in the Athabasca Basin region, Saskatchewan, Canada.

 

  About Skyharbour Resources Ltd.:  

 

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-six projects covering over 614,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is the operator with joint-venture partner RTEC. The project hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.

 

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued, and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

 

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

 

  Skyharbour’s Uranium Project Map in the Athabasca Basin:  

 

  https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-11-21_v1.jpg  

 

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

 

 Skyharbour Resources Ltd. 

 

‘Jordan Trimble’

Jordan Trimble
President and CEO

 

For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
Skyharbour Resources Ltd. 
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com  

 

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

 

The securities offered 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 U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

 

This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the Private Placement. Although management 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 or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

 

   

 

 

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Heliostar Metals (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (‘ Heliostar ‘ or the ‘ Company ‘) is pleased to announce that it is participating in the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com on July 24, 2025. Vice President Investor Relations & Development Stephen Soock will present live to share how the Company’s combination of immediate cash flow, meaningful exploration upside, and high-grade resource development set the stage for it to become the next mid-tier gold producer.

 

  DATE : July 24
TIME: 11:00am EDT
LINK:    REGISTER HERE   
Available for 1×1 meetings: July 24, 28 and 29

 

This will be a live, interactive online event where investors are invited to ask the company
questions in real-time. If attendees are not able to join the event live on the day of the
conference, an archived webcast will also be made available after the event.

 

It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

 

Learn more about the event at   www.virtualinvestorconferences.com   .

 

  Recent Company Highlights  

 

  • First quarter production of 9,082 gold equivalent ounces at an all-in sustaining cost of $1,375-$1,475/GEO
  •  

  • Strong balance sheet with US$27M in cash as of March 31
  •  

  • Successful extension mineralization at the Creston pit including 56.6m of 2.88 g/t gold
  •  

  • High grade drill results from the historic Truckshop stockpile at its operating La Colorada mine including 10.7m of 1.81 g/t gold from surface
  •  

  About Heliostar Metals Ltd.  

 

Heliostar is a gold mining and development company with a goal of growing to mid-tier producer status by the end of the decade. The company currently has two producing mines in Mexico – the La Colorada Mine and San Agustin Mine open pit heap leach operations. Heliostar plans to leverage the cash generated by these operations to fund development of its flagship Ana Paula underground project. Ana Paula is a rare combination of bulk tonnage and high grade, with a construction start targeted for 2H 2026 to add 100,000oz/yr to Heliostar’s production profile. The company also has a pipeline of other advanced development assets and exploration opportunities across its portfolio to continue to drive growth.

 

  About Virtual Investor Conferences ®  
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

 

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

 

  CONTACTS:  

 

  Heliostar Metals Limited  
Rob Grey
Investor Relations Manager
(844) 753-0045
rob.grey@heliostarmetals.com  

 

  Virtual Investor Conferences  
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com  

 

   

 

 

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(TheNewswire)

 

     

   
             

 

Vancouver, BC TheNewswire – July 21, 2025 – Element79 Gold Corp. (CSE: ELEM,OTC:ELMGF | FSE: 7YS0 | OTCQB: ELMGF) (‘Element79 Gold’ or the ‘Company’) is pleased to announce the appointment of Michael Smith as Vice President, Corporate Development, engaged under contract to support the Company’s renewed growth trajectory and strategic capital markets initiatives.

 

Mr. Smith brings over 15 years of diverse business leadership experience across business development, capital raising, public company operations, and investor relations. He has held executive and board-level roles with several CSE-listed companies and is the Founder of Lions Bridge Capital, a boutique advisory firm supporting startups and growth-stage businesses. His expertise spans capital raising, mergers and acquisitions, regulatory compliance, and corporate messaging—skills directly aligned with Element79 Gold’s objectives as it accelerates exploration and development across its Nevada portfolio, including the Gold Mountain and Elephant projects.

 

‘Michael brings the energy and market perspective that are critical as we transition into this next phase of strategic execution,’ said James Tworek, CEO of Element79 Gold. ‘His capital markets experience and ability to connect with investors will be instrumental in unlocking the value of our core projects in Nevada, as well as while the picture for advancing our Lucero project becomes more clear.’

 

‘Element79 Gold is at a pivotal point in its growth story, with outstanding assets in Nevada that are ready for the market’s attention,’ said Michael Smith. ‘I’m excited to bring my network and capital markets experience to help shape the next chapter of the Company’s journey.’

 

The Company’s website at   www.element79.gold   is under development to reflect the current portfolio and evolving team.

 

  About Element79 Gold Corp.  

 

 Element79 Gold Corp is a mining company focused on gold and silver exploration, with a portfolio of assets in Nevada and Peru. The Company is actively advancing its Elephant project in the Battle Mountain trend of Nevada, acquiring the drill-ready Gold Mountain project in Battle Mountain, Nevada, and holds an option to purchase the high-grade Lucero mine in southern Peru.  Element79 Gold has completed the transfer of its Dale Property in Ontario to its wholly owned subsidiary, Synergy Metals Corp., and is progressing through the Plan of Arrangement spin-out process.  Element79 Gold is listed on the Canadian Securities Exchange (CSE: ELEM,OTC:ELMGF), the Frankfurt Stock Exchange (FSE: 7YS0), and the OTC Markets (OTC: ELMGF).

 

Investor Relations Contact:

 

Investor Relations Department
Email:   investors@element79.gold   
Phone: +1.604.319.6953

 

Corporate Contact:

 

James C. Tworek, Chief Executive Officer and Director
Email:   jt@element79.gold   

 

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TSXV: DMCU,OTC:DMCUF; OTCQB: DMCUF; FSE: 03E) announces that its common shares have started trading on the OTCQB marketplace, a U.S. marketplace operated by OTC Markets Group Inc., as of the opening of markets today. Domestic was previously trading on the OTCID marketplace and will retain its trading symbol of DMCUF on the OTCQB. The Company’s common shares will continue to trade on the TSX Venture Exchange under the symbol DMCU and on the Frankfurt Stock Exchange under the symbol 03E.

 

The OTCQB Venture Market provides an established platform for early-stage and growth companies to enhance their visibility in the U.S. market. Companies listed on OTCQB must meet rigorous reporting standards, undergo annual verification, and comply with management certification requirements, providing investors with a trusted market for trading. Real-time quotes and market information on Domestic can be found at www.otcmarkets.com .

 

Patricio Varas, Chairman and CEO of Domestic Metals, stated: ‘The Company believes that with the current needs in the United States for critical minerals and in particular the shortage of domestic internal production of copper coupled with new tariffs on copper imports, it is an opportune time for Domestic to enhance the Company’s exposure to the vast USA investor base, which this up-listing provides. Mr. Varas further stated that: ‎‎’The State of Montana is an excellent mining jurisdiction to explore for copper and the Smart Creek Project has key attractive exploration characteristics, including, a large copper and gold endowed footprint, alluring previous drilling data, including an intercept of 109 meters of 0.75% copper, which support the Project’s potential to host a major bulk mineable orebody that warrants commensurate exploration investment.’

 

Domestic’s technical team is launching a Geological Mapping program and follow up geophysical surveys in preparation for a third quarter drilling campaign to test multiple copper porphyry and CRD targets.

 

  About Domestic Metals Corp.  

 

 Domestic Metals Corp. is a mineral exploration company focused on the discovery of large-scale, copper and gold deposits in exceptional, historical mining project areas in the Americas.

 

The Company aims to discover new economic mineral deposits in historical mining districts that have seen exploration in geologically attractive mining jurisdictions, where economically favorable grades have been indicated by historic drilling and outcrop sampling.

 

The Smart Creek Project is strategically located in the mining-friendly state of Montana, containing widespread copper mineralization at surface and hosts 4 attractive porphyry copper, epithermal gold, replacement and exotic copper exploration targets with excellent host rocks for mineral deposition.

 

 Domestic Metals Corp. is led by an experienced management team and an accomplished technical team, with successful track records in mine discovery, mining development and financing.

 

Follow us on:

 

   X:    https://x.com/domestic_metals  
  Facebook:    https://www.facebook.com/domesticmetals  
  LinkedIn:    https://www.linkedin.com/company/domestic-metals-corp/  
  Instagram:    @domesticmetals  

 

  On behalf of Domestic Metals Corp.  

 

Patricio Varas, Chairman and CEO
(604) 831-9306

 

For more information on Domestic Metals, please contact:

 

Patricio Varas, Phone: 604-831-9306 or Michael Pound, Phone: 604-363-2885.

 

Please visit the Company website at www.domesticmetals.com or contact us at info@domesticmetals.com .

 

For all investor relations inquiries, please contact:
John Liviakis, Liviakis Financial Communications Inc., Phone: 415-389-4670.

 

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

 

  Cautionary Note Regarding Forward-Looking Statements  

 

This news release contains certain statements that may be deemed ‘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 may include, without limitation, statements relating to the Company’s continued stock exchange listings and the planned exploration activities on properties. 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, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to: competition within the industry; actual results of current exploration activities; environmental risks; changes in project parameters as plans continue to be refined; future price of commodities; failure of equipment or processes to operate as anticipated; accidents, and other risks of the mining industry; delays in obtaining approvals or financing; risks related to indebtedness and the service of such indebtedness; as well as those factors, risks and uncertainties identified and reported in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca . Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

 

   

 

 

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  /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES . NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES /  

 

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) (FRA: 3GE) (‘ Group Eleven ‘ or the ‘ Company ‘) is pleased to announce that it has entered into an agreement with Cormark Securities Inc., as lead underwriter, on behalf of a syndicate of underwriters (collectively, the ‘ Underwriters ‘) in connection with a ‘bought deal’ private placement for aggregate gross proceeds of C$5 million (the ‘ Offering ‘).

 

 

   

 

 

The Offering will consist of the issuance and sale of 15,625,000 common shares of the Company (the ‘ Common Shares ‘) at a price of C$0.32 per Common Share (the ‘ Issue Price ‘).

 

The Company has granted the Underwriters an option, exercisable in whole or in part, at any time prior to closing of the Offering, to sell up to an additional 2,343,750 Common Shares at the Issue Price for additional gross proceeds of up to C$750,000 .

 

The Company intends to use the net proceeds from the Offering to expand the remaining funded exploration drill program at Ballywire from approximately 5,000m to approximately 25,000m , and for working capital and general corporate purposes, as described further in the Offering Document (as defined below).

 

The Common Shares will be offered pursuant to Part 5A of National Instrument 45-106 – Prospectus Exemptions , as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ‘ Listed Issuer Financing Exemption ‘) to purchasers in each of the provinces of Canada (other than the province of Quebec ). The Underwriters will also be entitled to offer the Common Shares for sale in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933 , as amended, and in certain other jurisdictions outside of Canada and the United States provided it is understood that no prospectus filing or comparable obligation, ongoing reporting requirement or requisite regulatory or governmental approval arises in such other jurisdictions. The Common Shares issued under the Offering to Canadian subscribers will not be subject to a hold period in Canada .

 

The securities described herein have not been and will not be registered under the United States ‎Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or ‎sold in the United States absent registration or available exemptions from such registration ‎requirements. This news release does not constitute an offer to acquire securities in any ‎jurisdiction.‎

 

In addition to and concurrent with the Offering, the Company will be offering on a non-brokered basis, the number of Common Shares, on the same or substantially same terms as the Offering, to its pre-existing shareholder, Glencore Canada Corporation, to allow such shareholder to exercise its participation right and maintain its 15.2% ownership interest in the Company (the ‘ Non-Brokered Offering ‘). No commission or other fees will be paid to the Underwriters in connection with the Non-Brokered Offering.

 

There is an offering document (the ‘ Offering Document ‘) related to the Offering that can be accessed under the Company’s profile at www.sedarplus.ca and the Company’s website at https:// groupelevenresources.com. Prospective investors of Common Shares should read the Offering Document before making an investment decision.

 

The Offering is expected to close on or about July 31, 2025 , or on such other date as may be agreed to by the Company and the Underwriters, subject to compliance with applicable securities laws (the ‘ Closing Date ‘). Notwithstanding the foregoing, the closing must occur no later than the 45 th day following the date of this news release.

 

The Company will pay a fee in connection with the Offering comprised of (i) a cash commission equal to 6.0% of the aggregate gross proceeds of the Offering (‘ Cash Commission ‘), and (ii) an aggregate number of compensation warrants (each, a ‘ Compensation Warrant ‘) equal to 6.0% of the aggregate number of Common Shares issued pursuant to the Offering. Each Compensation Warrant will be exercisable to acquire one Common Share at an exercise price equal to the Issue Price for a period of 24 months from the Closing Date, subject to adjustment in certain events. The Cash Commission payable to the Underwriters will be reduced to 3.0%, and no Compensation Warrants will be issued, with respect to certain purchasers identified on the Company’s president’s list.

 

The completion of the Offering is subject to customary conditions, including, but not limited to, the negotiation of an underwriting agreement between the parties with respect to the Offering and the receipt of all necessary approvals, inclusive of the conditional acceptance of the TSX Venture Exchange.

 

  Qualified Person  

 

Technical information in this news release has been approved by Professor Garth Earls , Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, an independent ‘Qualified Person’ as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects .

 

  About Group Eleven Resources  

 

 Group Eleven Resources Corp. (TSX.V: ZNG; OTCQB: GRLVF and FRA: 3GE) is drilling the most significant mineral discovery in the Republic of Ireland in over a decade. The Company announced the Ballywire discovery in September 2022 , demonstrating high grades of zinc, lead, silver, copper, germanium and locally, antimony. Key intercepts to date include:

 

  •   10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)
  •  

  •   10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
  •  

  •   10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
  •  

  •   11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)
  •  

  •   29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and
  •  

  •   11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)
  •  

  •   15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu (G11-3552-27)
  •  

  •   12.0m of 1.4% Zn+Pb, 560 g/t Ag, 2.30% Cu and 0.17% Sb (25-3552-31), including
  •  

  •   6.4m of 2.1% Zn+Pb, 838 g/t Ag, 3.72% Cu and 0.27% Sb (25-3552-31)
  •  

  •   39.7m of 9.5% Zn+Pb, 131 g/t Ag and 0.27% Cu (25-3552-35)
  •  

Ballywire is located 20km from Company’s 77.64%-owned Stonepark zinc-lead deposit 1 , which itself is located adjacent to Glencore’s Pallas Green zinc-lead deposit 2 . The Company’s two largest shareholders are Michael Gentile (15.3%) and Glencore Canada Corporation (15.2% interest). Additional information about the Company is available at www.groupelevenresources.com .

 

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski , P.Geo.
Chief Executive Officer

 

  Cautionary Note Regarding Forward-Looking Information  

 

  This press release contains forward-looking information (‘forward-looking statements’) within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the closing of the Offering, the timing of the closing of the Offering, the use of proceeds from the Offering, the receipt of regulatory approvals and future results of operations, performance and achievements of the Company, including the Company drilling the most significant mineral discovery in the Republic of Ireland in over a decade. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company’s public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.  

 

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

 

 

    

 
 

   1 Stonepark MRE is 5.1 million tonnes of 11.3% Zn+Pb (8.7% Zn and 2.6% Pb), Inferred (Apr-17-2018)  

 

 

   2 Pallas Green MRE is 45.4 million tonnes of 8.4% Zn+Pb (7.2% Zn + 1.2% Pb), Inferred (Glencore, Dec-31-2024)  

 

 

 

 

SOURCE Group Eleven Resources Corp. 

 

 

 

  View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/21/c4426.html  

 

 

 

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