Rapid Critical Metals (RCM:AU) has announced Discovery of New Parallel Silver Lode at Webbs
Download the PDF here.
This post appeared first on investingnews.com
LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’ or ‘Issuer’) announces it has amended its previously disclosed non-brokered private placement offering, upsizing it to up to 9,000,000 units of the Company (the ‘Units’) at a price of $0.50 per Unit gross proceeds of up to $4,500,000 (the ‘LIFE Offering’). Each Unit will consist of one (1) common share in the capital of the Company (each a ‘Common Share’) and one (1) Common Share purchase warrant (a ‘Warrant’) granting the holder the right to purchase one (1) additional Common Share of the Company (a ‘Warrant Share’) at a price of $0.75 at any time on or before 36 months from the Closing Date (defined below). The Warrants will no longer be subject to an accelerated expiry, as was previously announced in the Company’s press release dated December 15, 2025.
The gross proceeds from the LIFE Offering will be used for the commissioning and restart of gold production operations at the Company’s wholly-owned Beacon Gold Mine and Mill, as well as work at the Company’s Swanson Gold Project in Quebec and for and general working capital purposes.
The Units will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers resident in Canada, excluding Quebec, and other qualifying jurisdictions.
The securities offered under the LIFE Offering will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the ‘Offering Document‘) related to the LIFE Offering that can be accessed under the Issuer’s profile at www.sedarplus.ca and at the Company’s website at www.lafleurminerals.com. Prospective investors should read this Offering Document before making an investment decision.
The terms of the Company’s previously announced flow-through offering (‘FT Offering’) have not changed, refer to the Company’s press release dated December 15, 2025 for more information.
The Company has agreed to pay qualified finders and brokers a cash commission of 7.0% of the aggregate gross proceeds of the LIFE Offering and FT Offering and such number of broker warrants (the ‘Broker Warrants‘) as is equal to 7.0% of the number of Units sold under the LIFE Offering and FT Offering. Each Broker Warrant will entitle the holder to purchase one Common Share at an exercise price equal to the Offering Price for a period of 24 months following the Closing Date.
The closing of the LIFE Offering and FT Offering is expected to occur on or about December 31, 2025 (the ‘Closing Date‘), or such other earlier or later date as the Company may determine.
The Company continues to progress in the closing of its previously announced brokered private placement of gold-linked convertible notes, as announced on November 5, 2025, a financing that aims to raise up to C$7 million to fund the restart of the company’s Beacon Gold Mill in Val d’Or, Quebec.
This news release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’), and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent an exemption from registration under the U.S. Securities Act and applicable U.S. state securities laws. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S Securities Act.
About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Mineral’s fully refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.
ON BEHALF OF LaFleur Minerals INC.
Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding ‘Forward-Looking’ Information
This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the closing of the LIFE Offering and the FT Offering, and the anticipated use of proceeds from the LIFE Offering and the FT Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278282
News Provided by Newsfile via QuoteMedia
This post appeared first on investingnews.com
TSX-V: WLR
Frankfurt: 6YL
CMC Metals Ltd. (TSXV: CMB) (Frankfurt: ZM5P) (‘CMC’ or the ‘Company’) is pleased to announce that it has settled and extinguished $77,600 of outstanding debt (the ‘Debt’) through the issuance of common shares of the Company (the ‘Shares’).
In accordance with the settlement of debt (the ‘Debt Settlement‘), the Company will issue 405,714 common shares to one non-arm’s length creditor of the Company (the ‘Non-Arm’s Length Creditor‘) and 333,333 common shares to one arm’s length creditor (the ‘Arm’s Length Creditor‘) at a deemed price of $0.105 per Share. The Company has entered into administrative and professional services agreements provided between the periods of April to August 2025, inclusive, with the Non-Arm’s Length Creditor for services provided and services agreements for the period April to October 2025, inclusive with the Arm’s Length Creditor.
The Company chose to settle and extinguish the Debt through the issuance of Shares to preserve cash and improve the Company’s balance sheet. The Debt Settlement is subject to approval by the TSX Venture Exchange (the ‘TSXV‘). No new insiders will be created, nor will any change of control occur as a result of the issuance of the Shares.
The shares issued are subject to a four month hold period, which will expire on a date that is four months and one day from the date of issuance.
As certain insiders are party to the Agreement for $35,000 or 333,333 shares, it may be considered a ‘related party transaction’ under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (‘MI 61-101’) and the TSXV. The Company is relying on the exemptions from the formal valuation and the minority shareholder approval requirements of MI-61-101 contained in section 5.5 (a) and Section 5.7 (1)(a) as the fair market value of the common shares being issued to insiders in connection with the Service Shares does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.
Kevin Brewer, President and CEO of Walker Lane Resources Ltd. noted ‘We have significantly reduced our debt load, and minimized operating costs and expenditures, to deal with the challenges our sector has faced in 2024. The participation of my own company and a primary service company is testimony to the belief of myself and the Board that WLR has significant opportunities to enhance shareholder value in the near future.’
About Walker Lane Resources Ltd.
Walker Lane Resources Ltd. is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. and other property assets in Yukon. The Company intends to initiate an aggressive exploration program to advance the Tule Canyon (Walker Lane, Nevada) and Amy (Rancheria Silver District, B.C.) projects through drilling programs with the aim of achieving resource definition in the near future.
On behalf of the Board:
‘Kevin Brewer’
Kevin Brewer, President, CEO and Director
Walker Lane Resources Ltd.
Cautionary and Forward Looking Statements
This press release and related figures, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘anticipate’, ‘plans’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘should’, ‘believe’ ‘targeted’, ‘can’, ‘anticipates’, ‘intends’, ‘likely’, ‘should’, ‘could’ or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its properties including Silverknife and Amy properties in British Columbia, the Silver Hart, Blue Heaven and Logjam properties in Yukon and the Bridal Veil property in Newfoundland and Labrador all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. (OTC-US: NBRI) and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remain subject to the condition of the option of the Silverknife property with Coeur Mining Inc. (TSX:CDE). These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company’s properties is reliable; the Company’s operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company’s properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company’s current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate.
Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company’s public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company’s control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company.
The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes ‘future-oriented financial information’ or ‘financial outlooks’ within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company’s actual financial position and results of operations may differ materially from management’s current expectations and, as a result, the Company’s revenue and expenses. The Company’s financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company’s accountants or auditors. The Company’s financial projections represent management’s estimates as of the dates indicated thereon.
SOURCE Walker Lane Resources Ltd
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2025/17/c7013.html
News Provided by Canada Newswire via QuoteMedia
This post appeared first on investingnews.com
Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (‘Skyharbour’ or the ‘Company’) is pleased to announce that it has completed the acquisition of Rio Tinto Exploration Canada Inc.’s (‘RTEC’) minority interest in the Russell Lake Uranium Project (‘Russell Lake’ or the ‘Project’) pursuant to the previously announced definitive and binding purchase agreement (the ‘Purchase Agreement’). The Project is strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan, with access to regional infrastructure, including an all-weather road and powerline.
Russell Lake Project Location Map:
http://www.skyharbourltd.com/_resources/images/2025-11-14%20SKY-RussellLake-Updated.jpg
Transaction Details:
Immediately prior to closing, RTEC’s interest in the Project was approximately 42.3%. Pursuant to the terms of the Purchase Agreement, Skyharbour has acquired 100% of RTEC’s minority interest in the Project in exchange for cash consideration of C$10 million (the ‘Purchase Price’). The Purchase Price consisted of a C$2 million deposit, paid on signing the Purchase Agreement, and a C$8 million cash payment paid at closing.
Skyharbour has granted to RTEC a 0.25% net smelter returns royalty over Russell Lake. The acquisition of RTEC’s interest in Russell Lake has increased Skyharbour’s interest in the Project to 100%, subject to several other net smelter return royalties held by third parties.
Russell Lake Uranium Project Overview:
The Russell Lake Project is a large, advanced-stage uranium exploration property totalling 73,314 hectares strategically located between Cameco’s Key Lake and McArthur River Projects, and adjoining Denison’s Wheeler River Project to the west and Skyharbour’s Moore Uranium Project to the east. The northern extension of Highway 914 between Key Lake and McArthur River runs through the western extent of the property and greatly enhances accessibility, while a high-voltage powerline is situated alongside this road.
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 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-seven projects covering over 616,000 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, which 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 leaders Denison Mines, Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Russell, 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 potentially over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.
Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://skyharbourltd.com/_resources/maps/SKY-SaskProject-Locator-2025-12-08.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
Corporate Communications 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.
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. 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, exploration and development successes, regulatory approvals including TSXV approval, and general economic, market or business conditions. Please see the public filings of the Company at www.sedarplus.ca for further information.
News Provided by GlobeNewswire via QuoteMedia
This post appeared first on investingnews.com
Gareth Soloway of VerifiedInvesting.com shares his outlook for gold, silver and Bitcoin.
For gold, he outlines two different scenarios — a breakout to US$5,000 per ounce, potentially early in 2026, or a pullback to the US$3,500 to US$3,600 level.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
This post appeared first on investingnews.com
Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (‘Skyharbour’, ‘SYH’ or the ‘Company’) is pleased to announce the closing of the definitive repurchase agreement (the ‘Strategic Agreement’) with Denison Mines Corp. (‘Denison’ or ‘DML’), whereby Denison has acquired an initial project interest in Skyharbour’s Russell Lake Uranium Project (‘Russell’ or the ‘Project’) and the parties have entered into four separate joint venture agreements on various claims making up Russell (the ‘Transaction’). The Project is strategically located in the central portion of the Eastern Athabasca Basin of northern Saskatchewan, with access to regional infrastructure, including an exploration camp, all-weather road and powerline.
Russell Lake Project Location Map:
http://www.skyharbourltd.com/_resources/images/2025-11-14%20SKY-RussellLake-Updated.jpg
Highlights:
- Strategic Agreement represents combined total project consideration of up to CAD $61.5 million consisting of cash payments to Skyharbour totalling $10.0 million, additional consideration of $8.0 million payable in cash and shares before year end, and expenditures and cash payments totalling up to $43.5 million for Denison to acquire between a 20% and 70% ownership interest over seven years in the claims making up Russell, with Skyharbour owning the remaining interests.
- Denison (TSX: DML; NYSE American: DNN), a leading uranium mining company with a market capitalization of over $3 billion, is developing the Wheeler River Project (‘Wheeler River’), which shares a 55 kilometre border with Russell. Denison is an existing, large corporate shareholder of Skyharbour and now joins the Company as a strategic, active, funding partner at Russell.
- The Project has been divided into four different joint ventures, including Russell Lake (‘RL’), Getty East, Wheeler North, and the Wheeler River Inlier Claims, of which Skyharbour will retain initial ownership interests of 80%, 70%, 51%, and 30%, respectively. Denison can then earn up to a 70% interest in the Wheeler North and Getty East properties through option agreements.
- The geological teams of Denison and Skyharbour have begun working cooperatively to advance and unlock value across the joint ventures, employing top-tier exploration and development expertise in the region.
- Denison has committed to a minimum of $4 million in exploration expenditures over the first two years at Wheeler North and Getty East combined, as well as agreeing to fund to maintain its pro-rata 20% participation interest in the RL claims through 2029 up until such time that total exploration expenditures on the property reach $10 million.
- Skyharbour will remain operator with an 80% ownership interest at the RL claims comprising over 53,192 hectares of the original 73,314 hectare Russell Lake Project. The Company will also act as operator during the first earn-in at Getty East with Denison sole funding the exploration in order to fulfill the earn-in option criteria.
- Skyharbour is well funded going into 2026 with over $11 million in the treasury. The Company will also generate revenue from its operator fee at the McGowan Lake exploration camp at the Project, as well as from cash and share payments from other option earn-in partner companies.
- Skyharbour will continue to directly advance its high-grade Moore Uranium project as well as the RL claims at Russell, while partner companies fund exploration at some of the Company’s other projects.
Reorganization of the Russell Lake Project:
https://www.skyharbourltd.com/_resources/images/Russell-Map-New.jpg
Jordan Trimble, President and CEO of Skyharbour, stated: ‘We are thrilled to close this major transaction for Skyharbour, and to embark on the next chapter of exploration at Russell with a multi-billion dollar strategic partner and large shareholder in Denison Mines. With up to $61.5 million in combined project consideration contemplated, we are confident that this strategic agreement will expedite the discovery process at the Project while minimizing equity dilution for our shareholders. Based on initial technical meetings and strategy sessions with Denison, we are excited about the combined exploration options for the near term. Russell is one of the more prospective exploration projects in the Athabasca Basin proximal to existing and developing mines including Denison’s Pheonix deposit at Wheeler River. Denison will also be able to provide considerable insight and experience as we jointly advance Russell. Lastly, we now enter the new year with a healthy treasury of over $11 million to fund our exploration efforts and corporate activities through 2026 while various partner companies fund exploration at numerous other projects in our portfolio.’
David Cates, President and CEO of Denison, further commented: ‘As Denison nears receipt of final regulatory approvals for the Phoenix In-Situ Recovery mine proposed for our flagship Wheeler River property, we are also making measured investments in our project pipeline – including our next development assets and high-potential exploration properties. Given its proximity to Wheeler River, Denison has had an interest in adding Russell to our property portfolio for much of my nearly two decades with the Company. This transaction achieves that objective by providing Denison with the opportunity to lead and participate in exploration efforts across four newly created joint ventures, which are designed to drive collaboration between Denison and Skyharbour’s technical teams. We are excited to build on our long-standing relationship with Skyharbour and accelerate the evaluation of this exceptional package of highly prospective ground.’
Transaction Details:
The consideration payment consisted of a $10.0 million cash payment, with $2.0 million paid upon execution of the Strategic Agreement and $8.0 million paid upon closing of the Strategic Agreement. An additional $8.0 million is payable in cash and shares by Denison on or before December 31 st , 2025 with a minimum of $2.0 million payable in cash.
It is anticipated that Denison will also be making use of the current exploration camp at McGowan Lake on the Project, which will continue to be operated by Skyharbour, and an administrative fee will be payable by Denison to Skyharbour. The claims comprising Russell are subject to various existing underlying royalties to other parties.
Skyharbour has received conditional approval from the TSX Venture Exchange for closing. The issuance of shares by Denison to Skyharbour remains subject to appliable exchange approvals.
Summary of Initial Joint Ventures:
Upon closing of the Strategic Agreement, Denison has earned an initial project interest in each of the four new Russell exploration projects including a 49% interest in the Wheeler North claims, a 20% interest in the RL claims, a 30% interest in the Getty East claims, and a 70% interest in the Wheeler River Inlier claims.
- Wheeler North (51% SYH, 49% DML ; subject to additional earn-in options ) : The claims marked in yellow in the accompanying map represent 16,409 hectares over eight claims. The claims host some of the exploration targets located proximal to Wheeler River, including the Grayling and Fork Zones. Upon closing of the Transaction, Denison will have the option to increase its interest in Wheeler North to a 70% interest in these claims and Denison will become the operator of Wheeler North as described in more detail below.
- Russell Lake or RL (80% SYH, 20% DML) : The claims marked in pink in the accompanying map represent 53,192 hectares over 16 claims. These claims are located north and west of Skyharbour’s Moore Project and host numerous exploration target areas including Christie Lake, NE Russell, Blue Steel, Taylor Bay, South Russell, and Kowalchuk Lake. In order to maintain its initial interest in RL, Denison has agreed to fund its pro rata share of up to a maximum of C$10.0 million in total project expenditures. Skyharbour will remain operator of RL.
- Wheeler River Inliers (30% SYH, 70% DML) . The claims marked in blue in the accompanying map represent 608 hectares over two claims. These are inlier claims within Denison’s Wheeler River project hosting the West Russell and C-Block exploration target areas. DML will become operator of the Wheeler River Inliers.
- Getty East (70% SYH, 30% DML ; subject to additional earn-in options ) . The claim marked in green in the accompanying map representing 3,105 hectares is host to the Little Man Lake exploration prospect. The claim borders Cameco’s Cree Zimmer property which holds its Key Lake operations to the south. Upon the closing of the Transaction, Skyharbour remains operator of Getty East; however, Denison has the option to become the operator and acquire up to a 70% interest in this joint venture as described in more detail below.
Denison Earn-In Options:
The Earn-In Option Agreements grant Denison an option to earn additional interests in Wheeler North and Getty East.
Wheeler North Earn-In Option :
Under the terms of the Wheeler North Earn-In Option Agreement, Denison may acquire up to a 70% interest in Wheeler North. The option agreement contains two (2) phases, as summarized below:
Phase 1: To earn an additional 11% interest in Wheeler North (increasing Denison’s ownership to 60%), Denison must:
- Incur $10.0 million in exploration expenditures at Wheeler North within 48 months of Closing, of which $2.5 million in exploration expenditures must be completed within 24 months of Closing, and
- Make a cash payment in the amount of $1.5 million to Skyharbour within 48 months of Closing.
Phase 2: To earn an additional 10% interest (increasing Denison’s ownership to 70%) in Wheeler North, Denison must complete the requirements of Phase 1, plus the following:
- Incur an additional $15.0 million in exploration expenditures at Wheeler North within 7 years of Closing, and
- Make a further cash payment in the amount of $2.0 million to Skyharbour within 7 years of Closing.
Getty East Earn-In Option Agreement:
Under the terms of the Getty East Option Agreement, Denison may acquire up to a 70% interest in Getty East. The option agreement contains two (2) phases, as summarized below:
Phase 1: To earn an additional 19% interest in Getty East (increasing Denison’s ownership to 49%), Denison must incur $5.0 million in exploration expenditures at Getty East within 48 months of Closing, of which $1.5 million must be completed within the first 24 months of Closing.
Phase 2: To earn an additional 21% interest in Getty East (increasing Denison’s ownership to 70%), Denison must complete the requirements of Phase 1, plus incur an additional $10 million in exploration expenditures within 7 years of Closing. Upon completion of the Phase 2 earn-in option criteria, Denison will have the option to become the operator in this joint venture.
Russell Lake Uranium Project Overview:
The Russell Lake Project is a large, advanced-stage uranium exploration property totalling 73,314 hectares strategically located between Cameco’s Key Lake and McArthur River Projects, and adjoining Denison’s Wheeler River Project to the west and Skyharbour’s Moore Uranium Project to the east. The northern extension of Highway 914 between Key Lake and McArthur River runs through the western extent of the property and greatly enhances accessibility, while a high-voltage powerline is situated alongside this road.
Skyharbour’s New 80% Owned RL Project:
The claims making up the RL Project constitute over seventy percent of the original Russell project area and will continue to be explored by Skyharbour as the operator and 80% owner. Denison will acquire a 20% interest and has agreed to fund to maintain its pro-rata participation interest in the RL claims through December 31 st , 2029, or until such time that total expenditures on the properties have reached $10 million.
The RL claims have numerous highly prospective targets that Skyharbour will continue to advance. The Christie Lake target area contains basement-hosted uranium mineralization with historical drilling returning 0.17% U 3 O 8 over 0.4 metres at 436.4 metres depth in hole CL-10-03, hosted within a strongly hematized breccia. A prospective clay altered basement fault system runs throughout this area.
The Blue Steel target area comprises graphitic metasediments that were last drilled in 2008. The full extent of the graphitic corridor remains unknown and completely untested. Historical geophysics indicate potential faulting along this corridor, highlighting it as a priority area for follow-up work using modern geophysical methods to refine drill targets.
The Kowalchuk area, situated within the southern Russell claims, is another prospective area on the RL claims, with multiple inferred structural trends passing through it. This area has seen only limited modern geophysical coverage to date.
In addition to the aforementioned target areas, there are many kilometres of untested EM conductors on the RL claims underlain by rocks of low magnetic intensity, suggestive of the presence of prospective graphitic meta-pelitic basement lithologies typical of Athabasca-style uranium systems. With limited modern exploration conducted over the past 12 years, the RL claims remain underexplored and highly prospective for both expanding known mineralized zones and making new discoveries.
Advisors and Counsel:
Haywood Securities Inc. acted as financial advisor to Skyharbour in connection with the Transaction, and AFG Law LLP and DuMoulin Black LLP are acting as legal counsel to Skyharbour.
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 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-seven projects covering over 616,000 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, which 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 leaders Denison Mines, Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Russell, 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 potentially over $76 million in partner-funded exploration expenditures and over $42 million in cash and share 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://skyharbourltd.com/_resources/maps/SKY-SaskProject-Locator-2025-12-08.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
Corporate Communications 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.
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. 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, exploration and development successes, regulatory approvals including TSXV approval, and general economic, market or business conditions. Please see the public filings of the Company at www.sedarplus.ca for further information.
News Provided by GlobeNewswire via QuoteMedia
This post appeared first on investingnews.com
With less than a week before the Department of Justice must release a tranche of case files related to Jeffrey Epstein, Democrats have continued to seize on the politically expedient topic, which has roiled the Trump administration and caused fractures in the Republican Party.
On Friday, House Democrats released 19 photos from Epstein’s estate that included several images featuring President Donald Trump and other public figures. The White House blasted the move and reiterated its position that the Epstein matter is a ‘Democrat hoax.’
Friday’s disclosure came as Democrats have claimed all year that Epstein’s case has newfound salience because Trump, once among Epstein’s many wealthy friends before Epstein was accused of trafficking underage girls, tried to suppress the files when he took office. Republicans counter that Democrats had full access to the documents for four years under the Biden administration and neither released them nor uncovered information damaging to Trump.
Rep. Jamie Raskin, D-Md., ranking member of the House Judiciary Committee, told Fox News Digital claims of Democratic inconsistency ‘are seriously detached from reality’ and pointed to his own investigations dating back to 2019 into former Trump Labor Secretary Alex Acosta’s handling of a 2008 plea deal with Epstein.
Raskin argued the Democratic Party has not shifted, but rather that the Trump administration has.
‘Trump abruptly killed the ongoing federal investigation into Epstein’s co-conspirators when he took office,’ Raskin said, alleging the administration undertook a ‘massive redaction project’ to hide evidence of Trump’s ties to Epstein. The forthcoming file release is expected to contain significant redactions and include reasons for each one.
‘Democrats have always fought to support an investigation of Epstein’s co-conspirators,’ Raskin said. ‘We have always been on the side of full transparency and justice for the victims.’
House Minority Leader Hakeem Jeffries, D-N.Y., repeated that point Friday after the photos were published, saying, ‘All we want is full transparency, so that the American people can get the truth, the whole truth, and nothing but the truth.’
The heightened Democratic push for transparency comes after years during which the party showed more intermittent interest in Epstein’s case, which some Democrats have attributed to the sensitivity of seeking information while Epstein associate Ghislaine Maxwell’s sex trafficking case was pending and while some of Epstein’s victims were pursuing litigation.
But the Democrats’ new, unified fixation on Epstein this year came as Republicans struggled to manage the issue.
The files became a political thorn for the administration after Attorney General Pam Bondi’s chaotic rollout in February of already-public files by the DOJ, which enraged a faction of Trump’s base who had been expecting new information.
The DOJ said at the time that it would not disclose further files because of court orders and victim privacy and said the department found no information that would warrant bringing charges against anyone else. In a turnabout, however, Bondi ordered a review, at Trump’s direction, of Epstein’s alleged connections to Democrats, including former President Bill Clinton.
The president, who was closely associated with Epstein but was never accused of any crimes related to him, also relented to monthslong pressure to sign a transparency bill last month that ordered the DOJ to release all of its hundreds of thousands of Epstein-related records within 30 days. Among the most vocal supporters of the bill was Rep. Marjorie Taylor Greene, R-Ga., which resulted in her highly public falling out with the president, whom she once fervently supported.
The Epstein saga has also plagued the administration because some of Trump’s allies, now in top roles in the DOJ, once promoted the existence of incriminating, nonpublic Epstein files, including a supposed list of sexual predators who were his clients. FBI Director Kash Patel, for instance, said in 2023 the government was hiding ‘Epstein’s list’ of ‘pedophiles.’ But the DOJ leaders failed to deliver on those claims upon taking office.
House Speaker Mike Johnson, R-La., meanwhile, faced accusations from Democrats that he kept the House in recess for about two months to avoid votes on Epstein transparency legislation. Johnson shot back that Democrats had, in his view, been lax on the Epstein case until this year.
‘We’re not going to allow the Democrats to use this for political cover. They had four years,’ Johnson told reporters at the time. ‘Remember, the Biden administration held the Epstein files for four years and not a single one of these Democrats, or anyone in Congress, made any thought about that at all.’
The House Oversight Committee has also spurred infighting over how Epstein material has been handled, as it has been actively engaged in subpoenaing, reviewing, and releasing large batches of Epstein-related records from both the DOJ and Epstein’s estate, including Friday’s photos.
In response to the photos, which were released by committee Democrats, committee Republicans said the Democrats ‘cherry-picked’ them and that they ‘keep trying to create a fake hoax by being dishonest, deceptive, and shamelessly deranged.’
This post appeared first on FOX NEWS
What had been a modest stream of taxpayer dollars to Feeding Our Future suddenly became a flood, surging 2,800% in a year, an abrupt spike now at the center of mounting scrutiny and oversight concerns.
The explosive growthoccurred during the COVID-19 pandemic, when the organization exploited a federally funded children’s nutrition program run by the Minnesota Department of Education (MDE), siphoning off money intended to feed low-income kids. It now stands as the nation’s largest COVID-19 fraud case.
Data from the Minnesota Office of the Legislative Auditor sheds light on how the scheme went unchecked for so long, finding that the MDE oversight was ‘inadequate’ and that its failures ‘created opportunities for fraud.’
State records chart the rise in payments and reveal how the fraud ballooned in plain sight.
According to data from the state audit, payments to Feeding Our Future began in 2019 at $1.4 million. That figure rose to $4.8 million the following year before topping out at $140.3 million in 2021, a staggering 2,818% increase.
Even before the pandemic, Feeding Our Future was already an outlier.
By the end of 2019, it sponsored more than six times the number of Child and Adult Care Food Program (CACFP) sites as its peers.
When federal nutrition dollars surged during COVID-19, that gap only widened. While funding to all meal sponsors increased, Feeding Our Future’s growth far outpaced the rest of the system.
According to the legislative auditor, in 2021, nearly four out of every 10 dollars sent to nonprofit meal sponsors in Minnesota flowed to Feeding Our Future alone.
Taken together, the numbers show that Feeding Our Future was expanding faster, adding more sites and collecting a vastly larger share of federal meal funds than any comparable organization, long before state regulators intervened.
And the oversight failures were just as striking.
Flawed applications sailed through, complaints were never investigated, and the nonprofit kept expanding despite repeated red flags.
What’s more, in the wake of a years-long $250 million welfare fraud scheme, Minnesota taxpayers will now finance a pricey state-level cleanup effort, effectively paying for the failure twice after state officials missed warnings.
Gov. Tim Walz of Minnesota has said in the past that he is ultimately accountable for the fraud that took place under his administration.
This post appeared first on FOX NEWS
Deputy FBI Director Dan Bongino will make a decision about his future at the bureau within the next few weeks, two sources familiar with his considerations tell Fox News.
The sources deny recent reports that Bongino’s office at the FBI is empty, but they say that his departure is a possibility in the near future.
A source familiar with the situation told Fox News Digital that Bongino has not made any decisions about his future.
Bongino’s tenure at the FBI has come under fire in recent weeks, alongside FBI director Kash Patel. Earlier this month, a blistering report from an alliance of active-duty and retired FBI personnel portrayed the bureau as directionless under its new leadership.
Bongino and Patel pushed back on the report, however, defending sweeping reforms they say have delivered major gains in accountability and public safety.
‘When the director and I moved forward with these reforms, we expected some noise from the small circle of disgruntled former agents still loyal to the old Comey–Wray model,’ Bongino told Fox News at the time.
‘That was never our audience. Our responsibility is to the American people. And under the new leadership team, the bureau is delivering results this country hasn’t seen in decades — tighter accountability, tougher performance standards, billions saved and a mission-first culture. That’s how you restore trust.’
New York Post columnist and Fox News contributor Miranda Devine said last week that an internal 115-page report from FBI active-duty and retired agents and analysts heavily criticized Patel and Bongino since they took on their respective jobs earlier this year.
The alliance criticized Patel as ‘in over his head’ and Bongino as ‘something of a clown,’ according to The New York Post.
The outlet said the 115-page assessment was written in the style of an FBI intelligence product and analyzed reports from 24 FBI sources and sub-sources who described their experiences inside the bureau.
Devine said Patel was described by multiple internal sources as inexperienced, with one source saying he ‘has neither the breadth of experience nor the bearing an FBI director needs to be successful.’
Patel told Fox News Digital the FBI is ‘operating exactly as the country expects.’
Fox News’ Ashely Carnahan contributed to this report.
This post appeared first on FOX NEWS
The commander of U.S. Southern Command (SOUTHCOM), whose area of operations includes the Caribbean waters where the strikes against the alleged drug boats have been conducted, retired Friday as scrutiny surrounding the attacks mounts.
Navy Adm. Alvin Holsey, who became the head of Southern Command in November 2024, announced suddenly in October that he would retire from the military as operations heated up in the region that the administration claims is part of President Donald Trump’s crusade against the influx of drugs into the U.S.
The Trump administration designated drug cartel groups like Tren de Aragua, Sinaloa and others as foreign terrorist organizations in February, and bolstered its naval assets in the region in recent months under Holsey’s leadership — including signing off on the unprecedented step of sending the aircraft carrier USS Gerald R. Ford to the region.
‘We have worked hard and tirelessly to build relationships and understand requirements across the region,’ Holsey said during the retirement ceremony, according to a news release. ‘To be a trusted partner, we must be credible, present and engaged.’
Holsey commissioned in 1988, and flew both SH-2F Seasprite and SH-60B Seahawk helicopters. Holsey’s previous assignments include serving as the deputy commander of Southern Command, as well as deputy chief of Naval personnel and the commander of the aircraft carrier Carl Vinson’s carrier strike group.
Air Force Lt. Gen. Evan Pettus also took over the reins from Holsey Friday, after previously serving as the command’s military deputy commander. His experience includes more than 2,700 hours as a pilot in the Air Force’s F-15E Strike Fighter jet and the A-10 ‘Warthog’ aircraft, has participated in combat missions for Operation Iraqi Freedom and Operation Inherent Resolve, among others.
Holsey’s retirement less than a year into his tenure leading the combatant command is highly unusual. In comparison, former SOUTHCOM commander, Army Gen. Laura Richardson, served in the role from 2021 to 2024.
Holsey did not give a reason for his departure in October, and didn’t share any additional details Friday.
However, Holsey had raised ‘concerns’ about the strikes, attracting the ire of Secretary of War Pete Hegseth, The New York Times reported. Hegseth already believed that Holsey wasn’t cracking down on the alleged drug traffickers more aggressively, and Holsey’s concerns prompted the relationship between the two leaders to unravel even further, the Times said.
As a result, Hegseth pressured Holsey to step down, according to the Times.
The Pentagon referred Fox News Digital to Hegseth’s original post on social media in October after news of Holsey’s retirement broke, where the secretary of war thanked Holsey for his service.
‘The Department thanks Admiral Holsey for his decades of service to our country, and we wish him and his family continued success and fulfillment in the years ahead,’ Hegseth said in the post.
Meanwhile, the strikes have attracted increased scrutiny from Democrats and some Republicans on Capitol Hill. While some lawmakers have always challenged the legality of the strikes — particularly after revelations in recent weeks that a second strike was conducted against a vessel after the first one left survivors in September — the Trump administration has routinely stated it has the authority to conduct those attacks.
For example, Senate Minority Leader Chuck Schumer, D-N.Y., and Sens. Tim Kaine, D-Va.; Adam Schiff, D-Calif.; and Rand Paul, R-Ky., introduced a war powers resolution on Dec. 3 to bar Trump from using U.S. armed forces to engage in hostilities within or against Venezuela.
In total, the Trump administration has conducted more than 20 strikes in Latin American waters since September targeting alleged drug smugglers in an effort to combat the flow of drugs into the U.S. Additionally, Trump has signaled for months that strikes on land could be next, and the U.S. seized an oil tanker off the coast of Venezuela on Wednesday.
‘We’re knocking out drug boats right now at a level that we haven’t seen,’ Trump said Dec. 3. ‘Very soon we’re going to start doing it on land too.’
This post appeared first on FOX NEWS