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Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ( ‘ Skyharbour ‘ or the ‘ Company ‘) is pleased to announce that partner company Terra Clean Energy Corp. (‘Terra’, previously Tisdale Clean Energy) announced the completion of the winter 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 Uranium 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

Highlights:

  • Six holes intercepted uranium mineralization
  • Continuity across the deposit confirmed
  • Drilling expands mineralized footprint

Terra conducted a helicopter supported drill program at the Property with seven diamond drill holes completed for a total of 1,927m. The first three drill holes were reported in the press release dated March 10 th , 2025.

‘With uranium present in six of seven holes drilled this winter, and the east and west of the property now tied together with mineralization, this was a very successful program, and we believe we have added significant value to the Property,’ said Greg Cameron CEO of Terra Clean Energy. ‘We are seeing wider intervals of mineralization up to 75 metres and more consistent spikes of higher-grade uranium with 0.16% reported in Hole SF0065. The Fraser Lakes Uranium Deposit is shallow in nature making it ideal for an open pit scenario being only 150 metres below surface and not far from a powerline and Cameco’s Key Lake Uranium Mill, making it a unique opportunity, especially in a rising uranium price environment. As we continue to add pounds of uranium and higher grades, this deposit becomes more and more valuable.’

Hole SF0065 was drilled to follow up the results of SF0063, reported in the March 10 th release. It was targeted to intersect the same mineralized pegmatites 60m to the northeast. The hole was completed to a depth of 282m and intersected a 75m wide zone of variably mineralized granitic pegmatites and zones within altered and graphitic pelitic gneiss. A summary of the major zones within this mineralization are shown in Table 1 with the main highlight being an equivalent grade of 0.02% eU 3 O 8 over 17.5m from 204.9m to 222.4m, including 0.16% eU 3 O 8 over 0.3m. A zone of clay alteration and bleaching was intersected from 59m to 68m. The presence of this alteration is a good indication that hydrothermal fluids suitable for deposition of higher-grade uranium deposits moved through the rocks.

2025 Drill Target Areas at the South Falcon East Uranium Project:  
https://www.skyharbourltd.com/_resources/images/2025-Drill-Target-areas-at-the-south-Falcon-East-Uranium-Project.png

Hole SF0066 was drilled to a depth of 302m, to follow the clay alteration and mineralized pegmatites to the northwest and assist in characterizing orientation of the clay alteration and associated structure. Drilling intersected a 50m interval containing multiple mineralized granitic pegmatites and zones within altered and graphitic pelitic gneiss. The most notable zone returned an equivalent grade of 0.03% eU 3 O 8 over 3.4m from 214.4m to 217.8m, including 0.1% eU 3 O 8 over 0.1m. The zone of strong clay alteration and bleaching was intersected from 57.5m to 67.5m. Based on oriented core data and intersections on three holes, this alteration package appears to be dipping to the north.

Completed Drill Holes at South Falcon East Uranium Project:  
https://skyharbourltd.com/_resources/images/2025-Completed-drill-holes-at-South-Falcon-East-Uranium-Project.png

Hole SF0067 was drilled to a depth of 302m, to extend the mineralized pegmatite package to the north and confirm the interpreted north dipping orientation of the clay alteration. Drilling intersected a 70m interval containing multiple mineralized granitic pegmatites and zones within the altered and graphitic pelitic gneiss package. This interval is noted for the larger number of higher-grade spikes at or above 0.1% eU 3 O 8 intersected compared to the previous drilling in this program. Down-hole gamma logging returned equivalent grades of 0.03% eU 3 O 8 over 4.0m from 219.8m to 223.8m, including 0.13% eU 3 O 8 over 0.2m and 0.01% eU 3 O 8 over 5.5m from 233.7m to 239.2m, including 0.06% eU 3 O 8 over 0.2m in the two widest intervals. The zone of strong clay alteration and bleaching was intersected from 66.5m to 73.5m. Drilling has now extended the deposit to the north and northeast and is still open in this direction. It is interpreted that the clay altered structural zone identified in SF0063, SF0065, SF0066 and SF067 is dipping to the north and will intersect the mineralized and hematite altered graphitic pelitic gneiss and pegmatites approximately 120m to 150m north of the current drilling. A follow-up drill program is currently being planned to test this upgraded target area for a higher-grade unconformity related basement-hosted uranium deposit and additional mineralized pegmatites where these structures and alteration all intersect.

‘I’m very excited to announce we will be conducting a summer drilling program to follow up on the significant results received. We believe we have started to define a new structure on the northeast side of the Property and are hopeful a basement-hosted unconformity uranium deposit, similar to Eagle Point and Rough Rider, is present. Our strategy moving forward is to both increase the size and grade of the Fraser Lakes B deposit and to add additional discoveries to this historical resource,’ said Mr. Cameron.

‘The results from this drilling program are very encouraging. Drilling has shown that the deposit is still open down dip to the northwest, north and northeast,’ commented Trevor Perkins, Vice President of Exploration for Terra. ‘The presence of clay alteration within a structure on the northeast side has upgraded this area. Where this clay alteration intersects the mineralized conductive package is an exciting target as this can bring together many of the key features associated with the known basement-hosted unconformity deposits in the Basin,’ continued Mr. Perkins.

One hole, SF0064, was completed to 239m in the T-Bone Lake area to examine the conductive package and alteration intersected in the area in historical drilling. An extensive package of graphitic metasediments was intersected in this area, characterizing the conductive package. Weak alteration was noted, however no elevated radioactivity was identified. The optimal target in the T-Bone Lake area was not intersected.

Table 1: Mineralized Intersections in Final Three Holes at South Falcon East Project:  
https://skyharbourltd.com/_resources/images/Table-1-Mineralized-intersections-in-final-three-holes-at-South-Falcon-East-Uranium-Project.png

Samples of the mineralized intervals within the drill core have been collected and shipped for analysis at the Geoanalytical Laboratory at the Saskatchewan Research Council in Saskatoon, Saskatchewan. Terra will provide more detailed results once geochemical analysis of the collected core samples is completed, reviewed and confirmed.

South Falcon East Project Summary:

The South Falcon East Project is a uranium exploration project in the southeast Athabasca Basin and covers approximately 12,464 hectares. It lies 18 km outside the Athabasca Basin, approximately 50 km east of the Key Lake Mine. Historical exploration at the South Falcon East Project identified an area of U-Th-REE mineralization at the Fraser Lakes Zone B over an area comprising 1.5 km by 0.5 km along an antiformal fold nose cut by an east-west dextral ductile-brittle cross-structure adjacent to a 65 km long EM conductor.

QA/QC, Radiometric Equivalent Grades and Spectrometer Readings:

All drill intervals above are downhole length and sampling procedures and QA/QC protocols for geochemical results as well as a description of downhole gamma probe grade calculations and protocols are below. All drill core samples are shipped to the Saskatchewan Research Council Geoanalytical Laboratories (‘SRC’) in Saskatoon, Saskatchewan under the care of Terra personnel for preparation, processing, and multi-element analysis by ICP-MS and ICP-OES using total (HF:NHO3:HClO4) and partial digestion (HNO3:HCl), boron by fusion, and U3O8 wt% assay by ICP-OES using higher grade standards. Assay samples are chosen based on visual inspection, downhole probing radiometric equivalent uranium grades, and scintillometer (Radiation Solutions RS-125) peaks. Assay sample intervals comprise 0.5 to 1.0 m continuous half-core split samples over the mineralized interval. These samples may also be selected for density determination using the lost wax method. With all assay samples, one half of the split sample is retained and the other sent to the SRC for analysis. SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats are inserted into the sample stream at regular intervals by Terra and SRC in accordance with Terra’s quality assurance/quality control (QA/QC) procedures. Geochemical assay data are subject to verification procedures by qualified persons employed by Terra prior to disclosure.

During active exploration programs, drillholes are radiometrically logged using calibrated downhole Mount Sopris 40TGU or 2GHF probes of varying sensitivities which collect continuous readings along the length of the drillhole. Preliminary radiometric equivalent uranium grades (‘eU 3 O 8 ‘) are then calculated from the downhole radiometric results. The probe is calibrated using an algorithm calculated from the calibration of the probe at the SRC facility in Saskatoon and from the comparison of probe results against geochemical analyses. In the case where core recovery within a mineralized intersection is poor or non-existent, radiometric grades are considered to be more representative of the mineralized intersection and may be reported in the place of assay grades. Radiometric equivalent probe results are subject to verification procedures by qualified persons employed by Terra prior to disclosure.

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 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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Effective immediately, Green River Gold Corp. is suspended pursuant to CSE Policy 3. The suspension is considered a Regulatory Halt as defined in National Instrument 23-101 Trading Rules. A cease trade order has been issued by the Alberta Securities Commissions.

For more information about Cease Trade Orders, visit the Canadian Securities Administrators Cease Trade Order database at www.securities-administrators.ca.

_________________________________

Les activités de Green River Gold Corp. sont suspendues immédiatement, conformément à la politique 3 de la CSE. Cette suspension est considérée comme une suspension réglementaire au sens du Règlement 23-101 sur les règles de négociation. Une ordonnance d’interdiction d’opérations a été émise par la Commission des valeurs mobilières de l’Alberta.

Pour de plus amples renseignements sur les interdictions d’opérations, visitez la base de données des interdictions d’opérations des Autorités canadiennes en valeurs mobilières à l’adresse www.securities-administrators.ca.

Date : Le 1 avril/April 2025
Symbol/Symbole : CCR

 

If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com.

Si vous avez des questions ou si vous avez besoin d’informations supplémentaires, veuillez contacter le service des inscriptions au 416 367-7340 ou par courriel l’adresse: Listings@thecse.com.

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Scientists have discovered an estimated US$540 billion worth of lithium beneath California’s Salton Sea, a finding that could reshape the global energy market and reduce US reliance on foreign lithium supply.

The Salton Sea, located in Southern California’s Imperial County, has long been considered an environmental concern due to its receding shoreline and rising air pollution.

Now, researchers funded by the US Department of Energy have confirmed the area holds approximately 18 million metric tons of lithium — far more than previous estimates of 4 million metric tons.

“This is one of the largest lithium brine deposits in the world. This could make the United States completely self-sufficient in lithium and stop importing it through China,” the Daily Galaxy quotes Michael McKibben, a geochemistry professor at the University of California, Riverside, as saying in a Monday (March 24) article.

With global demand for lithium surging due to the rise of electric vehicles and renewable energy storage, California officials are viewing the discovery as a potential economic windfall.

Governor Gavin Newsom has dubbed the Salton Sea region the “Saudi Arabia of lithium,” underscoring its potential to dominate the supply chain for battery production. Local officials have also branded the area as “Lithium Valley,” hoping to generate new revenue streams and job opportunities for Imperial County, one of California’s poorest regions.

Currently, talk is circulating about plans to allocate 80 percent of the revenue from lithium extraction to local development, which could significantly improve infrastructure and public services.

Despite the economic promise, extracting lithium from the Salton Sea’s geothermal brine presents challenges.

The process involves pumping lithium-rich brine from deep underground, separating the lithium and re-injecting the liquid back into the earth. While this technique is considered more environmentally friendly than traditional open-pit mining, it still raises concerns over water consumption, air quality and potential harm to Indigenous lands.

The Colorado River, a critical water source for California, is already facing shortages, and large-scale lithium extraction could further strain the region’s limited water resources.

Additionally, the Salton Sea’s receding lakebed has led to increased levels of toxic dust in the air, which has been linked to rising asthma rates among local residents. Mining operations could exacerbate these public health risks, making environmental safeguards a critical component of any development plans.

Adding to the complexity of lithium extraction is an evolving geopolitical landscape. China, the world’s largest lithium producer, has recently taken steps to tighten control over its battery technology exports.

Jiangsu Jiuwu Hi-Tech (SZSE:30063), a Chinese firm, announced in February that it would halt exports of a key lithium-processing component known as a sorbent. Sorbents are crucial in lithium extraction from brine, and export restrictions could disrupt supply chains for US and European companies looking to develop alternative lithium sources.

The US, the European Union and allied countries have accelerated initiatives such as the Minerals Security Partnership, launched in 2022, to secure alternative sources of lithium and other essential materials.

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

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Cartier Resources (TSXV:ECR,FSE:6CA) is a Quebec-based gold exploration company driving a high-potential growth story in the prolific Abitibi Greenstone Belt, one of Canada’s premier gold-producing regions. The company is steadily expanding its gold resource base while advancing its flagship Cadillac project into an emerging mining camp east of Val-d’Or.

The Cadillac project is an emerging gold camp with multiple deposits, advanced resource modeling, and a clear development path. Located in a mining-friendly jurisdiction with existing infrastructure, the Cadillac project is ideally positioned to attract development partners, strategic investments or acquisition interest from senior producers.

Cartier projects in the Abitibi Greenstone Belt in Quebec

The Cadillac Project exhibits all the key attributes of a high-potential, development-stage gold asset—strong grade, significant scale, a favorable jurisdiction, established infrastructure, and strategic backing. In addition, Cartier is actively exploring parallel value-creation opportunities, such as reprocessing legacy tailings at the Chimo site and unlocking value from non-core assets like Wilson, Fenton, and Benoist.

Company Highlights

  • Cartier Resources’ core asset, the Cadillac project, consolidates the former Chimo Mine and East Cadillac properties into a high-potential district-scale land package on the prolific Larder Lake-Cadillac Fault — host to over 100 million ounces of historic gold production.
  • Cartier is launching a 100,000 meter drill program in 2025, one of the largest exploration campaigns in the region, to expand its already substantial gold resources and demonstrate Cadillac’s camp-scale potential.
  • Cartier is at the forefront of innovation, deploying AI-assisted mineral discovery tools in partnership with VRIFY to enhance drill targeting and accelerate new discoveries.
  • With a 28 percent equity stake, Agnico Eagle is Cartier’s largest shareholder and an active financial partner — a clear vote of confidence in Cartier’s assets and strategy.
  • A newly introduced low-capex, ESG-friendly initiative to assess reprocessing of 600,000 tons of historic mine tailings — representing a potential near-term revenue stream.
  • Cartier boasts a clean share structure with a market cap of just C$47 million, presenting strong re-rating potential as catalysts are delivered.

This Cartier Resources profile is part of a paid investor education campaign.*

Click here to connect with Cartier Resources (TSXV:ECR) to receive an Investor Presentation

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Launching Industry-Specific Solutions to Drive Subscriber Base in 2nd Quarter 2025

Syntheia Corp. (CSE: SYAI) (‘Syntheia’ or the ‘Company’) (Syntheia.ai), a leading provider of conversational AI solutions for inbound telephone call management is pleased to report subscriptions to our Assistant NLP have surpassed 13,000 meeting management’s expectations for phase one of our marketing strategy.

Phase one focused on a broad marketing effort targeting the global small-to-medium business (SMB) market segment. As previously reported, the majority of our subscribers come from regions where English is a second language. Today, management reaffirms its revised growth target of 100,000 subscribers by the end of 2025.

Syntheia has developed an industry-specific solution for the medical industry tailored to the needs of doctors’ offices and wellness clinics. This solution is designed to enhance patient interactions by facilitating inquiries, scheduling appointments, and providing responses based on patient needs detected in conversation. In consultation with industry professionals, AssistantNLP has been optimized around three core pillars:

Smart Answers  Industry-specific answers to common patient questions.

Intelligent Interactions  On-going conversational knowledge learning.

Answer Calls 24/7  Active around the clock – maximizing patient communications.

Furthermore, we are actively developing industry-specific solutions tailored to the needs of:

  • Law Firms
  • Investment Advisors and Financial Planners
  • Real Estate Offices
  • Mortgage Brokers
  • Restaurants

By aligning our platform’s capabilities with the unique demands of these industries, we aim to drive continued growth and reinforce our market position.

We continue to commercialize and grow the platform and this is where the power of Syntheia’s AI capabilities come into play for scalability, adoption, and marketability,‘ commented Paul Di Benedetto, Chief Technology Officer. ‘Our focus on system automations and artificial intelligence allows us to streamline our operations, drive down operational costs and maximize brand awareness and sales growth.

About Syntheia

Syntheia is an artificial intelligence technology company which is developing and commercializing proprietary algorithms to deliver human-like conversations. Our SaaS platform offers conversational AI solutions for both enterprise and small-medium business customers globally.

For further information, please contact:

Tony Di Benedetto
Chief Executive Officer
Tel: (844) 796-8434

Cautionary Statement

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘may’, ‘will’, ‘would’, ‘potential’, ‘proposed’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Forward-looking statements in this news release include, but are not limited to the Company’s mission and business objectives, the Company’s efforts to grow brand awareness, customer base and sales and the development of new features for the Company’s services. Readers are cautioned that forward‐looking information is not based on historical facts but instead reflects the Company’s management’s expectations, estimates or projections concerning the business of the Company’s future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made.

Although the Company believes that the expectations reflected in such forward‐looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Please refer to the Company’s listing statement available on SEDAR+ for a list of risks and key factors that could cause actual results to differ materially from those projected in the forward‐looking information. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246930

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Pontax Lithium Project, James Bay, Canada

Cygnus Metals Limited (ASX: CY5, TSXV: CYG, OTCQB: CYGGF) is pleased to announce that it has negotiated a two-year extension to its two-stage earn-in with Stria Lithium Inc (‘Stria’) for the Pontax Lithium Project in James Bay, Quebec (‘Pontax’).

In July 2023, Cygnus announced that it had earned 51 per cent of Pontax under the first stage of the earn-in by spending C$4 million on the project and issuing 9,129,825 fully paid ordinary shares in Cygnus (‘Shares’) to Stria.

As a demonstration of the co-operation between Stria and Cygnus, the parties have now agreed that Cygnus has an additional 24 months to satisfy the second stage of the earn-in and earn an additional 19% interest in Pontax, bringing its total interest to 70%.

The extension means that Cygnus has until October 2027 to expend an additional C$2 million on exploration at the project and make a cash payment to Stria of C$3 million, enhancing the likelihood of successful exploration outcomes at Pontax.

As consideration for the extension and subject to TSXV approval, Cygnus will shortly issue 300,000 Shares to Stria utilising the Company’s available Listing Rule 7.1 capacity at a deemed price of A$0.105 per Share (based on the ASX closing price on 1 April 2025). These Shares will be subject to voluntary escrow for a period of 12 months from issue.

This announcement has been authorised for release by the Board of Directors of Cygnus.

David Southam
Executive Chairman
T: +61 8 6118 1627
E: info@cygnusmetals.com

About Cygnus Metals

Cygnus Metals Limited (ASX: CY5, TSXV: CYG, OTCQB: CYGGF) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.

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

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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.

Cartier Resources Inc. (TSX-V: ECR) (‘ Cartier ‘ or the ‘ Corporation ‘) announces the execution, on March 31, 2025, of an amending agreement (the ‘ Amending Agreement ‘) further to the engagement letter dated March 20, 2025 between Paradigm Capital Inc. (the ‘ Agent ‘) and the Corporation (the ‘ Engagement Letter ‘) with respect to its previously announced ‘best efforts’ private placement offering of securities of Cartier (the ‘ Offering ‘).

The Amending Agreement was concluded to address potential impacts of several tax measures unveiled on March 25, 2025 by the Minister of Finance (Québec) in connection with his 2025-2026 budget (the ‘ 2025 Québec Budget ‘).

The Offering will continue to raise aggregate gross proceeds for the Corporation of up to approximately $7,300,160 (subject to a potential increase thereof for additional gross proceeds of up to $1,095,024 in accordance with the exercise of the Agent’s Option, as further described below).

The Offering remains a combination of: (a) units of the Corporation issued on a charitable flow-through basis that will qualify as ‘flow-through shares’ within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the ‘ Tax Act ‘) and section 359.1 of the Québec Tax Act (the ‘ Premium FT Units ‘) for gross proceeds of approximately $5,000,200; and (b) units of the Corporation (the ‘ Hard Dollar Units ‘) and, together with the Premium FT Units, the ‘ Offered Securities ‘) at $0.13 per Hard Dollar Unit for gross proceeds of $2,299,960. Each Premium FT Unit consists of one common share in the capital of the Corporation (each a ‘ Common Share ‘) and one common share purchase warrant (each a ‘ Premium FT Warrant ‘), with each such Common Share and Premium FT Warrant qualifying as a ‘flow-through share’ within the meaning of subsection 66(15) of the Tax Act and section 359.1 of the Québec Tax Act. Each Hard Dollar Unit consists of one Common Share of the Corporation and one common share purchase warrant (each a ‘ Hard Dollar Warrant ‘), and for certainty, each such Common Share and Hard Dollar Warrant will not qualify as a ‘flow-through share’.

Under the Engagement Letter, the subscription price of the Premium FT Units (the ‘ FT Subscription Price ‘) was set on March 20, 2025 at $0.23 per FT Unit, based on certain tax benefits then available under the Quebec Tax Act and the Tax Act, including, but not limited to, the Québec Capital Gain Exemption and Québec Additional Deductions (each as defined herein).

The 2025 Québec Budget introduced major changes to the flow-through share regime under the Taxation Act (Québec) (the ‘ Québec Tax Act ‘), including the following measures (collectively, the ‘ 2025 Québec Budget Amendments ‘):

(a) abolition of the capital gains exemption in respect of the disposition of certain ‘resource property’ (within the meaning of the Québec Tax Act) (the ‘ Québec Capital Gain Exemption ‘); and
(b) abolition of both (i) the additional 10% deduction under the Québec Tax Act in respect of certain exploration expenses incurred in Québec and (iii) the additional 10% deduction under the Québec Tax Act in respect of certain surface mining exploration expenses incurred in Québec (collectively, the ‘ Québec Additional Deductions ‘).

However, the 2025 Québec Budget provides that the abolition of the Québec Additional Deductions will not apply to flow-through shares issued after March 25, 2025 if they are issued following a public announcement made no later than March 25, 2025 (which is the case of the Offering), provided furthermore that a report of exempt distribution is filed with the Autorité des marchés financiers no later than May 31, 2025 (the ‘ Grandfathering Exception ‘).

Considering the potential impacts of the 2025 Québec Budget Amendments as announced on March 25, 2025, the Corporation, on March 31, 2025, (a) entered into the Amending Agreement; and (b) entered into a subscription and renunciation agreement with PearTree Securities Inc. (‘ PearTree ‘), on behalf of certain disclosed principals (the ‘ Subscription and Renunciation Agreement ‘).

Pursuant to the Subscription and Renunciation Agreement, a mechanism was introduced to allow for the adjustment of the FT Subscription Price to $0.205 or $0.182 from $0.23 (i.e. the price initially agreed upon on March 20, 2025 under the Engagement Letter) depending on whether the Québec Capital Gain Exemption and/or Québec Additional Deductions are determined on the Closing Date (as defined herein) to be available in respect of the Offering, based on any written statements that are issued by the Minister of Finance (Québec) to clarify the scope of the 2025 Québec Budget Amendments and the Grandfathering Exception. Under the Subscription and Renunciation Agreement, corresponding adjustments would also be made to the number of Premium FT Units issued so as to retain approximately the same aggregate gross subscription proceeds.

All of the other material terms of the Offering remain unchanged, including the following:

  • The gross proceeds from the sale of the Premium FT Units will be used by the Corporation to incur eligible ‘Canadian exploration expenses’ that qualify as ‘flow-through mining expenditures’ (as both terms are defined in the Tax Act) (the ‘ Qualifying Expenditures ‘) related to the projects of the Corporation in Québec. The Qualifying Expenditures will be renounced in favour of the subscribers of the Premium FT Units with an effective date no later than December 31, 2025 and in an aggregate amount of not less than the total amount of the gross proceeds raised from the issuance of the Premium FT Units.
  • Each Premium FT Warrant and Hard Dollar Warrant will entitle the holder thereof to acquire one Common Share of the Corporation (each a ‘ Warrant Share ‘) on a non-flow-through basis at an exercise price of $0.18 for a period of 5 years following the Closing Date (as herein defined).
  • The Corporation will grant the Agent an option (the ‘ Agent’s Option ‘), exercisable up to 48 hours prior to the Closing Date (as herein defined), to sell that number of Offered Securities for additional gross proceeds of up to $1,095,024.

The Offering is being made by way of private placement in Canada. The Offered Securities will be subject to a four month and one day hold period under applicable securities laws in Canada. The Offering is expected to close on or about April 14, 2025 (the ‘ Closing Date ‘), subject to the satisfaction or waiver of customary closing conditions, including the conditional listing approval of the TSX-V.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006, is an exploration company based in Val-d’Or. The Corporation’s projects are all located in Québec, which consistently ranks among the world’s top mining jurisdictions. Cartier is advancing the development of its flagship Cadillac project, consisting of the Chimo Mine and East Cadillac properties, and its other projects. The Corporation has corporate and institutional support, including Agnico Eagle and Québec investment funds.

This news release does not constitute an offer of securities for sale in the United States. The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold in the United States absent registration in the United States or an applicable exemption from the registration requirements in the United States.

Cautionary Note Regarding Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance including in respect of the use of proceeds of the Offering, closing of the Offering and the tax treatment of the flow through shares (often but not always using phrases such as ‘expects’ or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Corporation nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Corporation does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

For more information, contact:

Philippe Cloutier, P. Geo.
President and CEO
Phone: 819-856-0512
Email: philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

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The NASDAQ Biotechnology Index (INDEXNASDAQ:NBI) is still trading at three-year highs, despite current market volatility, in response to breakthrough innovations and increased deals involving biotech stocks listed on the NASDAQ.

After dropping to a low of 3,637.05 in October 2023, the index climbed to a nearly three year peak of 4,954.813 on September 19, 2024. While the index had pulled back to 4,243.7 as of March 31, 2025, further growth could be in store in the future.

According to a Towards Healthcare analyst report, the global biotech market is expected to grow at a compound annual growth rate of 12.5 percent from now to 2034, reaching a valuation of US$5.036 trillion.

Driving that growth will be favorable government policies, investment in the sector, increased demand for synthetic biology and a rise in chronic disorders such as cancer, heart disease and hypertension.

The top NASDAQ biotech stocks have seen sizeable share price increases over the past year. For those interested in investing in biotech companies, the best-performing small-cap biotech stocks are outlined below.

Data was gathered on March 31, 2025, using TradingView’s stock screener. Small-cap biotech stocks with market caps between US$50 million and US$500 million at that time were considered for this list.

1. Bright Minds Biosciences (NASDAQ:DRUG)

Company Profile

Year-over-year gain: 2,942.02 percent
Market cap: US$254.99 million
Share price: US$36.20

Bright Minds Biosciences is developing novel treatments for pain and neuropsychiatric disorders such as epilepsy, post-traumatic stress disorder and difficult-to-treat depression.The company’s platform includes serotonin agonists designed to provide powerful therapeutic benefits while minimizing side effects.

Bright Minds is currently in Phase 2 clinical trials for BMB-101, a highly selective 5-HT2C receptor agonist, in adult patients with classic absence epilepsy and developmental epileptic encephalopathy.

Bright Minds’ share price rocketed upward in the fourth quarter of last year, shooting up from US$2.49 to US$38.49 in one day on October 15. The company issued a press release at the time, stating it was ‘unaware of any material changes in the company’s operations’ that would have contributed to such a rally.

The outperformance appears to be related to the October 14 news that Danish pharma company H. Lundbeck was to acquire Longboard Pharma, a company developing a 5-HT2C receptor agonist, for US$60 per share.

A few days later, Bright Minds announced a non-brokered private placement of US$35 million, which sent shares up to US$47.21 on October 18.

That same month, the company shared its collaboration with Firefly Neuroscience (NASDAQ:AIFF) to use Firefly’s Brain Network Analytics technology platform to provide a full analysis of the electroencephalogram data from Bright Minds’ BMB-101 Phase 2 clinical trial. This follows the pair’s previous successful collaboration to analyze data from Bright Minds’ first-in-human Phase 1 study of BMB-101.

In March 2025, Bright Minds expanded its Scientific Advisory Board with the addition of five experts in epilepsy research.

Bright Minds’ share price reached US$55.77, its peak for the past year, on November 6.

2. Monopar Therapeutics (NASDAQ:MNPR)

Company Profile

Year-over-year gain: 924.54 percent
Market cap: US$220.3 million
Share price: US$36.10

Clinical-stage biotech Monopar Therapeutics’ main drug candidate is its late-stage ALXN-1840 for Wilson disease. Its pipeline also includes radiopharma programs such as Phase 1-stage MNPR-101-Zr for imaging advanced cancers, as well as Phase 1a-stage MNPR-101-Lu and late preclinical-stage MNPR-101-Ac225 for the treatment of advanced cancers.

Shares in Monopar spiked by more than 600 percent on October 24, 2024, to US$32.66 following its news release detailing its exclusive worldwide licensing agreement with Alexion, AstraZeneca’s (NASDAQ:AZN) Rare Disease unit, for ALXN-1840, a drug candidate for Wilson disease that met its primary endpoints in its Phase 3 clinical trial. Going forward, Monopar will be responsible for all future global development and commercialization activities.

Further positive news flow in December continued to drive the company’s stock value. Early in the month, the company shared that the first patient was dosed with MNPR-101-Lu in its Phase 1a trial for the radiopharmaceutical. A few weeks later, Monopar announced the launch of a US$40 million concurrent public offering and private placement. After having fallen back to the US$22 range, shares in the company climbed to US$30.68 on December 17, 2024.

Positive sentiment in the company and the biotech market would later drive the stock up to its yearly high of US$51.89 on February 10, 2025. Monopar released its Q4 and full-year 2024 results on March 31.

3. Candel Therapeutics (NASDAQ:CADL)

Company Profile

Year-over-year gain: 268.3 percent
Market cap: US$262.39 million
Share price: US$5.64

Candel Therapeutics is a biotech company focused on developing oncology treatments. The company’s pipeline includes two clinical-stage multimodal biological immunotherapy platforms.

Candel’s lead product candidate, CAN-2409, is in a Phase 2 clinical trial in non-small cell lung cancer and borderline resectable pancreatic cancer, as well as Phase 2 and 3 trials for localized, non-metastatic prostate cancer.

The company had a number wins with the US Food and Drug Administration (FDA) in 2024. In February and May, respectively, Candel’s CAN-3110 received regulatory approval for fast-track designation and orphan drug designation for the treatment of recurrent high-grade glioma.

The agency also granted Candel orphan drug designation for CAN-2409 for the treatment of pancreatic cancer in April 2024. Positive interim data for the trial on pancreatic cancer released that month, sent the company’s share price spiking upward. It ultimately climbed to its 2024 high point of US$14.00 on May 15, 2024.

So far in 2025, Candel’s share price has traded as high as US$12.21 on February 20. In its January corporate update, the company shared its goals for the year, including aiming for Q4 for reporting overall survival data in patients with recurrent high-grade glioma from its ongoing phase 1b trial that is evaluating multiple doses of CAN-3110.

4. Tiziana Life Sciences (NASDAQ:TLSA)

Company Profile

Year-over-year gain: 154.76 percent
Market cap: US$119.51 million
Share price: US$1.08

Tiziana Life Sciences is a clinical-stage biopharma which is developing therapies for autoimmune and inflammatory diseases, degenerative diseases, and cancer-related to the liver. Its pipeline of candidates is built on its patent drug delivery technology that provides a possible alternative to intravenous (IV) delivery. Tiziana’s lead candidate is intranasal foralumab, which it says is the only fully human anti-CD3 mAb currently in clinical development.

On May 31, 2024, shares in Tiziana broke above US$1 after a series of positive news flow for the company. This included positive clinical results from its intermediate sized Expanded Access Program for non-active secondary progressive multiple sclerosis patients, which demonstrated multiple improvements in foralumab-treated patients, as well as its submission of an orphan drug designation application to the FDA for intranasal foralumab for the treatment of non-active secondary progressive multiple sclerosis (na-SPMS).

While Tiazana’s share price slid back down below US$1 per share by mid-June 2024, news that the FDA granted fast track designation to Tiziana intranasal foralumab for the treatment of na-SPMS gave it a much needed boost to the upside. By August 12, the stock’s value had risen to US$1.45 per share.

Tiziana Life Sciences shares reached a yearly peak of US$1.69 on March 7, 2025, after the company filed its investigational new drug application to the FDA for a phase 2 clinical trial in amyotrophic lateral sclerosis (ALS), which is supported by the ALS Association.

5. Benitec Biopharma (NASDAQ:BNTC)

Company Profile

Year-over-year gain: 149.71 percent
Market cap: US$331.43 million
Share price: US$13.01

California-based Benitec Biopharma is advancing novel genetic medicines via its proprietary “Silence and Replace” DNA-directed RNA interference platform. The company is currently focused on developing therapeutics for chronic and life-threatening conditions, including oculopharyngeal muscular dystrophy (OPMD).

Its drug candidate BB-301 was granted orphan drug designation by the FDA and the European Medicines Agency. Benitec is well funded to advance its BB-301 clinical development program through the end of 2025.

Benitec’s share price benefited from its first bump of the past year, after the company released its fiscal year Q3 2024 update in mid-May highlighting its achievements over the quarter. This included the closing of a US$40 million private placement. Benitec’s stock value hit US$10.47 per share on May 20, 2024.

Later in the fall, the company reported positive data from two patients with OPMD treated with low-dose BB-301 in phase 1b/2a study, showing the clinical trial is meeting key safety and efficacy endpoints. Shares hit another high of US$11.22 on October 17, 2024.

Benitec’s share price hit US$16.79, its highest yearly value to date, on March 20, 2025, a day after the company released positive interim clinical results for three patients with OPMD treated with BB-301 in phase 1b/2a study.

“The sixth and final Subject of Cohort 1 will be treated with BB-301 in the second calendar quarter of this year, and we are highly optimistic about the potential for continued benefit in Subjects enrolled in the ongoing clinical study,” said Jerel A. Banks, Benitec Executive Chairman and CEO.

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

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StrategX Elements Corp. (CSE: STGX) (‘StrategX’ or the ‘Company’) announces that Gary Wong has stepped down from his role as the Company’s Vice President of Exploration. While Gary is transitioning from this position, he will continue to contribute to other capacities, bringing his expertise and leadership to key projects. The Board would like to thank Gary for his efforts and contributions over the past two years.

About StrategX
StrategX is an exploration company focused on discovering critical metals in northern Canada. With projects on the East Arm of the Great Slave Lake (Northwest Territories) and the Melville Peninsula (Nunavut), the Company is pioneering new district-scale discoveries in these underexplored regions. By integrating historical data with modern exploration techniques, StrategX provides investors with a unique opportunity to participate in discovering essential metals crucial to electrification, global green energy, and supply chain security.

On Behalf of the Board of Directors

Darren G. Bahrey
CEO, President & Director

For further information, please contact:

StrategX Elements Corp.
info@strategXcorp.com
Phone: 604.379.5515

For further information about the Company, please visit our website at www.strategXcorp.com.

Neither the Canadian Securities Exchange nor its regulation services accept responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information
All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Not for distribution to United States newswire services or for dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247050

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