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Element79 Gold Corp Announces Corporate Update and Strategic Leadership Changes With Focus On Accelerating Nevada Asset Development

(TheNewswire)

Vancouver, BC August 15, 2025 TheNewswire – Element79 Gold Corp. (CSE: ELEM,OTC:ELMGF | FSE: 7YS0 | OTC: ELMGF) (the ‘Company’), is a Canadian mining company focused on developing its portfolio of gold and silver projects in Nevada and Peru, announces strategic leadership changes which will be effective August 31, 2025, alongside an update on its advancing growth strategy.

Key Highlights Discussed:

Advancing Lucero, Peru – Continued incubation of the high-grade Lucero Project in southern Peru, with a mid-long-term objective of restarting exploration and production.

  • Leadership Transition – Effective August 31, 2025, including strategic changes to both Management and the Company’s Board of Directors, with the goal of accelerating asset development in Nevada.

Corporate Strategy Update

Nevada

Over the past year, Element79 Gold has sharpened its focus on building a long-term exploration and development portfolio in Nevada , anchored by the recent acquisition of the drill-ready Gold Mountain project and plans to explore the Elephant project, both located in the prolific Battle Mountain trend.  The Company has had success in developing projects in this Tier 1 mining region in the past, and this refocused strategy forms the foundation for the Company’s next phase of resource growth, positioning Element79 in one of the world’s most established gold districts. The Company currently has two projects in Battle Mountain, Nevada:

  • Gold Mountain , a Drill-ready asset with near-term exploration plans aimed at expanding known mineralization and advancing toward resource definition. The Company has engaged Rangefront Mining Services to prepare a NI 43-101 technical report as disseminated on August 6, 2025, in previous news.

  • Elephant Located in the heart of the Battle Mountain trend, targeted for systematic exploration to evaluate and advance its Gold, Silver, Lead and Copper potential.

The Company is currently pursuing additional high grade mineral concessions in the region to add to its evolving portfolio.

Peru

At the same time, the Company continues to incubate its high-grade Lucero Project in Arequipa, Peru , preparing for the eventual restart of exploration and production. Work in Peru is currently focused on community engagement, legal and regulatory readiness, and aligning future project development for win-win outcomes with key stakeholders with an eye to the access issues being resolved in the coming months.

Key project points for Lucero into 2026:

  • Maintain regular communication and presence in the Chachas community, anticipating a more favorable local administration beginning in 2026–2028 (local meetings starting at the end of August 2025 will focus on the local mayoral race).

  • Monitor federal updates to the ‘systemic push’ towards formalization under the former-REINFO-to-new-Ley MAPE transition, with a key catalyst deadline of December 31, 2025, approaching.

  • Upon the implementation of the new formalization regime, working with legal counsel and the community to forge surface rights and operating agreements.

  • Target mobilization for on-site work in mid-2026, contingent on formalization progress and community agreements.

  • Work with contractual counterparties to restructure terms, linking payments to mutually beneficial project advancement and production goals.

Leadership and Board Changes

Effective August 31, 2025:

  • James C. Tworek , Chief Executive Officer since inception, has elected to step down from the role and continue to support the Company as a Director.

  • Michael Smith , currently Vice President, Corporate Development, will be appointed Chief Executive Officer.

  • Neil Pettigrew will resign as Director and Qualified Person (‘QP’).  The Company is grateful for Mr. Pettigrew’s investment of expertise and help applied through the Company’s history from inception.

  • Kim Kirkland , currently Chief Operating Officer, will formally take on the Company’s QP role and join the Board of Directors, while stepping down from his role as COO.

  • Warren Levy will remain as Director and will assume the role of Chairman of the Board.

  • Zara Kanji will continue as Director.

Outgoing CEO James C. Tworek commented:

‘It has been a privilege to build, grow and lead the talented team professionals at Element79 Gold from its private company roots through multiple transformative milestones and successes since our IPO in August 2021.  These changes to the Element79 Gold Corp team make the Company nimbler while retaining expertise, intimate project knowledge and relationships.

We are grateful for our Director, Neil Pettigrew’s leadership and expertise with the Company’s multitude of projects, and guidance through many challenges that we have faced, both before and since our IPO.  I wish him success in his current and future professional endeavors and look forward to the possibility to work with him again.

With the Company’s recent refocus on exploration and resource development in Nevada while continuing a mid-to-long term strategy of restarting production at Lucero in Peru, I am confident that Michael is the right leader to guide the current phase of growth.  I remain committed to supporting the Company, helping to manage strategy, relationships and projects as a board member.’

Incoming CEO Michael Smith added:

‘I am honored and excited to take on the role of CEO during this exciting time of refocus and development opportunity underway at Element79 Gold Corp. Our immediate priorities lead a raise focused on drilling Gold Mountain, developing Elephant and maintaining momentum at Lucero in Peru.  I look forward to building upon the strong foundation laid by James and the team.’

Warren Levy, Chairman added:

‘I would like to thank James and Neil for their efforts over the years to keep Element79 moving forward, and am looking forward to Michael taking the lead going forward. The refocused company has an attractive portfolio and has maintained access to the upside in Peru. We feel that the hard work of positioning the company has been well done by James and Kim, and their continued involvement on the board will be important to assist the new management team in taking the company forward successfully.’

Qualified Person

The technical information in this release has been reviewed and approved by Kim Kirkland, Fellow of AusIMM #309585, Chief Operating Officer of Element79 Gold Corp, and a ‘qualified person’ as defined by National Instrument 43-101.

About Element79 Gold Corp

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

On Behalf of the Board of Directors,

James C. Tworek, CEO, Director

Investor Relations Department

Email : investors@element79.gold

Phone : +1.604.319.6953

Corporate Contact

James Tworek, CEO, Director

Email: jt@element79.gold

Cautionary Note Regarding Forward Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘anticipate,’ ‘plan,’ ‘continue,’ ‘expect,’ ‘estimate,’ ‘objective,’ ‘may,’ ‘will,’ ‘project,’ ‘should,’ ‘predict,’ ‘potential’ and similar expressions are intended to identify forward-looking statements. This press release contains forward-looking statements concerning the Company’s exploration plans, development plans and the Force Majeure Event. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on these statements because the Company cannot provide assurance that they will prove correct. Forward-looking statements involve inherent risks and uncertainties, and actual results may differ materially from those anticipated. Factors that could cause actual results to differ include conditions in the duration of the Force Majeure Event, and receipt of regulatory and shareholder approvals. These forward-looking statements are made as of the date of this press release, and, except as required by law, the Company disclaims any intent or obligation to update publicly any forward-looking statements.

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

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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OPINION — Goldenomics 103: Gold Protects and Performs

By Darren Brady Nelson

US President Donald Trump’s “Liberation Day” tariffs certainly caused quite the stir in the markets on April 2.

Gold dropped about 6 percent, and silver 12 percent. A week later, a pause was announced, which ended on August 1. Gold and silver have since risen approximately 11 percent and 24 percent, respectively.

Six month gold and silver price performance.

Source: Trading Economics (gold) and (silver).

Unless you are a professional, or even amateur, trader, it is best to look at gold and silver investment with a perspective of years or decades, rather than just days, weeks or even months. Since the start of the COVID-19 panic in March 2020, gold and silver have exploded 123 percent and 192 percent.

10 year gold and silver price performance.

Source: Trading Economics (gold) and (silver).

In the shorter term, the gold price is driven by what economist John Maynard Keynes called “animal spirits.” In the longer term, it is driven by “monetary spirits.” And not just as protection, but also for performance. The Presidential Gold Guide highlights both in chapters four and five.

Source: Fisher Liberty Gold.

Gold unsurprisingly protects

Economist and investor Mark Skousen has wisely noted that: “Since we left the gold standard in 1971, both gold and silver have become superior inflation hedges.” Gold has more than countered the results of inflation, as measured by CPI, and the drivers of inflation, as measured by M3.

And the numbers back that up. The Gold Protects chart below compares the gold price, CPI and M3 in terms of cumulative growth of each from 1971 to 2025. That is throughout the whole era of gold as an investment, which officially started in 1974 once private ownership was restored.

During this era, gold grew by 541 percent, CPI by 214 percent and M3 by 384 percent. Annual average growth for gold was 10 percent, CPI at 4 percent and M3 at 7 percent. Maximums were 92 percent, 14 percent and 29 percent, respectively. CPI only failed to grow twice, ie. 0 percent in 2009 and 2015. M3 decreased twice, by -4 percent in 2023 and -6 percent in 2024.

Sources: FRED (CPI) (M3); World Bank (gold).

Gold surprisingly performs

The highly respected In Gold We Trust (IGWT) report states: “When dealing with the specific level of gold allocation, it is advisable to differentiate between safe-haven gold and performance gold. The Big Long strategy emphasizes the potential of performance gold in the coming years.”

IGWT thus recommends an investment portfolio ‘rule of thumb’ that includes 15 percent in “safe-haven gold” and 10 percent in “performance gold.” The Gold Performs chart below compares gold price, S&P 500 and nominal GDP in terms of cumulative growth of each from 1971 to 2025.

Gold grew by 541 percent, the S&P 500 by 484 percent and GDP by 339 percent. Annual average growth for gold was 10 percent, with the S&P 500 at 9 percent and GDP at 6 percent. Maximums were 92 percent, 45 percent and 14 percent, respectively. Gold did have a higher standard deviation of 27 percent, compared to 17 percent for the S&P 500 and 3 percent for GDP.

Sources: FRED (GDP); Shiller Data (S&P); World Bank (gold).

Animal and monetary spirits

Gold protects as a hedge or safe haven, not just from inflation, but from the flip side of that same coin of the boom-bust cycle. Both are driven, in the longer term, not by “animal spirits,” but by “monetary spirits.”

Inflation is when money inflation has a widespread impact as price inflation. A bubble is when money increases have a more concentrated impact such as in certain asset values. The bubble eventually bursts when “monetary spirits” are finally reined in by monetary realities.

I say “monetary spirits” because of the role of fiat money, as indicated by, say, M3. When money supply outstrips money demand in a localized way, then that is a bubble, and when in a general way, that is inflation.

The former shows up in certain asset, wholesale and/or producer prices, whilst the latter shows up in CPI. Asset prices include the S&P 500. But nominal GDP is also ‘ginned up’ as it is ultimately a price times quantity measure as well. Price is expressed in money terms.

Conclusion

Gold can have ups and downs, as standard deviation indicates, due to the “animal spirits” of fear and uncertainty, that tend to be daily, weekly or monthly. Yet gold both protects and performs due to the “monetary spirits” of inflation and boom-bust, which tend to be decennially.

In particular, gold performs when the S&P 500 does not, like in the aftermaths of the 2001/2002 dot-com collapse, the 2008/2009 global financial crisis and 2020/2021 COVID-19 lockdowns.

Therefore, when it comes to gold, “follow the money” of central bank “money printing” and fractional reserve bank “fountain pen money,” for both superior inflation protection and boom-bust performance.

And besides, Skousen rightly ‘begged the question’ as follows: “Gold and Silver have always had value, never gone to zero. Can you say the same for stocks and bonds?”

About Darren Brady Nelson

Darren Brady Nelson is chief economist with Fisher Liberty Gold and policy advisor to The Heartland Institute. He previously was economic advisor to Australian Senator Malcolm Roberts. He authored the Ten Principles of Regulation and Reform, and the CPI-X approach to budget cuts.

Click here to read Goldenomics 101: Follow the Money, and here to read Goldenomics 102: The Shadow Price of Gold.

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Editor’s Picks: Gold Tariff Threat Ends, Price Reacts to Fresh Inflation Data

The gold price cooled off this week as tariff-related uncertainty reached a resolution.

The yellow metal was thrust into headlines late last week when US Customs and Border Protection told a Swiss refiner that 1 kilogram and 100 ounce gold bars would be subject to Trump administration tariffs that went into effect on August 7.

Gold is one of Switzerland’s top exports to the US, and with the country facing a 39 percent levy, questions were rife about what the impact could be. Clarification came on Monday (August 11), when US President Donald Trump said on Truth Social that gold ‘will not be tariffed.’

While the news calmed market participants, Keith Weiner of Monetary Metals believes the incident could have long-term impacts. He said the tariff confusion caused the spread between spot gold and gold futures to blow out, creating difficulties for entities using the market to hedge.

Here’s how Weiner explained it:

‘Once you’ve put the scare into everybody, you can’t just say, ‘Oh, sorry, just kidding.’ You can’t really do that. And so now we’ve done damage, and we’ll see what happens to that spread over time. We’ll see how users of the futures market adapt.

‘There are other markets in the world that would be competing for this hedging business — maybe it moves to Singapore, maybe it moves to Dubai, maybe it moves to London, and the US loses not only a little more trust, but also a little bit of volume on what had been the biggest, or what is currently the biggest, futures market.’

This week also brought the release of US consumer price index (CPI) and producer price index (PPI) data. On a seasonally adjusted basis, CPI for July was up 0.2 percent from the previous month and 2.7 percent from the year-ago period. Meanwhile, core CPI, which excludes the food and energy categories, was up 0.3 percent month-on-month and 3.1 percent from the same time last year.

While those numbers were largely in line with expectations, seasonally adjusted July PPI figures came in hotter than expected, rising 0.9 percent month-on-month compared to Dow Jones’ forecast of 0.2 percent. Core PPI increased 0.9 percent from June compared to an estimated rise of just 0.3 percent.

Speaking about the implications of the data, Danielle DiMartino Booth of QI Research said it shows companies aren’t yet passing tariff-related price increases on to consumers.

This is what she said about how these circumstances could develop:

‘I do think that we will see where companies feel they can push through price increases — I think we’ll see that. We saw quite a bit of food inflation in the PPI, and when you’re talking about things like essentials, and especially with very, very low-margin types of sales, we could see what we call the substitution effect begin, where households end up buying other things. The classic is always that they trade down from steak to ground beef, or trade down from beef to chicken.

‘We’re going to see whether or not that plays out again.’

While the PPI data has slightly dampened expectations that the US Federal Reserve will cut interest rates when it meets in September, CME Group’s (NASDAQ:CME) FedWatch tool still shows a strong probability of a reduction at that time.

Bullet briefing — CATL closes mine, Mitsubishi invests in copper

CATL temporarily closes lithium mine

Contemporary Amperex Technology (HKEX:3750,SZSE:300750), better known as CATL, said on Sunday (August 10) that it will halt production at a lithium mine in China for at least three months.

Sources familiar with the matter told Bloomberg that CATL, which is the world’s largest electric vehicle battery maker, failed to extend a key mining permit. The company is reportedly in talks about a renewal, but is prepared for a months-long shutdown.

Share prices of lithium miners rose on the news, buoyed by expectations that the CATL mine closure will help reduce oversupply. Excess output has caused Chinese lithium prices to drop 80 percent since the end of 2022, and investors are keen to see a turnaround for the beleaguered battery metal.

Hudbay, Mitsubishi team up on copper

Mitsubishi (TSE:8058) is set to acquire a 30 percent stake in Hudbay Minerals’ (TSX:HBM,NYSE:HBM) Arizona-based Copper World subsidiary for US$600 million.

Hudbay called Mitsubishi its ‘strategic partner of choice,’ while Mitsubishi said the investment will help advance its copper growth plans. A feasibility study is in the works for Copper World, and a definitive feasibility study is expected in mid-2026.

Hudbay shareholders reacted positively to the news, which comes on the back of a strong focus on copper supply after last month’s announcement of a 50 percent tariff on US imports of semi-finished copper products and intensive copper derivative products. The company projects that Copper World will result in a direct $1.5 billion investment into the US critical minerals supply chain.

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

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Top 5 Canadian Mining Stocks This Week: Focus Graphite Rises Over 90 Percent

On Friday (August 15), Statistics Canada released wholesale trade data for June. The release indicates that sales increased 0.7 percent to C$84.7 billion for the month, with four of seven sectors reporting gains.

The increases were led by the food, beverage and tobacco sector, which increased 1.7 percent to C$15.6 billion, and on a provincial level by Québec, which reported 1.9 percent higher sales at C$15.3 billion. Sales also increased in the mineral, ore and precious metals subsector, rising to C$1.02 billion in June from C$750.84 million recorded in May.

Despite the increases, Statistics Canada notes that more than a third of all businesses questioned said Canada-US trade have tensions affected them, and that sales have been negatively impacted in all seven subsectors.

In the US, the Bureau of Labor Statistics released July consumer price index (CPI) data on Tuesday (August 12). It shows that the all-items index increased 0.2 percent month-on-month, a slight deceleration from the 0.3 percent gain in June.

Core CPI, which excludes the volatile food and energy segments, rose by 0.3 percent in July versus 0.2 percent recorded the previous month. On an annualized basis, the all-items CPI remained steady with an increase of 2.7 percent, but posted a more significant 3.1 percent gain when the food and energy categories were excluded.

On Friday, US President Donald Trump was scheduled to meet with Russian President Vladimir Putin in Alaska, US, for talks to de-escalate the war between Russia and Ukraine. Ukrainian President Volodymyr Zelenskyy was excluded from Friday’s summit, but Trump has said he hopes the meeting will lead to further talks that will include Ukraine.

The two nations have been at war since Russia invaded Ukraine in February 2022. Russia is seeking to retain the territory it has held since near the beginning of the war, while Ukraine says the original borders should be maintained.

Markets and commodities react

In Canada, equity markets were mixed this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) was in record territory, closing Wednesday (August 13) at an all-time high of 27,993.43, but it had slipped by Friday to close the week up 0.41 percent at 27,905.49.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) was flat, posting a slight loss of 0.12 percent to 790.77. The CSE Composite Index (CSE:CSECOMP) had another strong week, gaining 3.58 percent to 156.87.

US equity markets rebounded this week and finished near all-time highs.

The S&P 500 (INDEXSP:INX) set a new record on Thursday (August 14), closing at 6,468.53, but slipped to register a 1.49 percent gain on the week to 6,449.79. The Nasdaq 100 (INDEXNASDAQ:NDX) also set a new record of 23,849.04 on Wednesday, but fell in the last two days of trading, recording a weekly gain of 1.08 percent to 23,712.07.

Meanwhile, the Dow Jones Industrial Average (INDEXDJX:.DJI) was above 45,000 points for the first time since December 2024, but failed to achieve a new record. It posted a 2.01 percent gain to finish the week at 44,946.13.

The gold price slumped this week following clarification from the White House that imports of 1 kilogram and 100 ounce gold bars from Switzerland will not face tariffs. Gold had fallen 1.81 percent by 4:00 p.m. EDT on Friday to reach US$3,338.36 per ounce. Silver also retraced this week, losing 0.7 percent to hit US$37.97 per ounce.

Copper saw little change this week, posting a 0.44 percent gain to US$4.54 per pound. The S&P GSCI (INDEXSP:SPGSCI) commodities index posted a slight decline of 0.8 percent by close on Friday, finishing at 545.59.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Focus Graphite (TSXV:FMS)

Weekly gain: 94.44 percent
Market cap: C$25.18 million
Share price: C$0.35

Focus Graphite is working to advance its Lac Knife and Lac Tétépisca projects in Québec, Canada.

Lac Knife covers 3,248 hectares in Eastern Québec. An April 2023 updated feasibility study outlines an after-tax net present value of C$284.8 million with an internal rate of return of 22.57 percent and a payback period of 3.38 years. Lac Knife is expected to produce 50,000 metric tons (MT) of graphite concentrate annually over a mine life of 27 years.

For its part, Lac Tétépisca spans 6,629 hectares in Central Québec. An April 2022 technical report shows an indicated resource of 59.3 million MT grading 10.61 percent graphitic carbon for 6.3 million MT of in-situ natural flake graphite. The inferred category stands at 14.8 million MT grading 11.06 percent graphitic carbon for 1.6 million MT.

On Wednesday (August 13), Focus resumed work on the environmental and social impact assessment for Lac Knife. In total, it has to complete 16 technical reports as required by the province to advance to the construction phase. Focus previously halted work due to funding delays, but now expects the reports to be complete in early 2026.

The firm is also moving forward with geochemical analysis of over 1,000 samples collected from 2022 exploration drilling at Lac Tétépisca. It will use the results to finalize a resource estimate, which it expects to deliver this fall.

This week’s news comes after Focus said on August 8 that it had closed a non-brokered private placement for C$891,000. Funds will be used to maintain existing operations and for general capital.

2. Libra Energy Materials (CSE:LIBR)

Weekly gain: 56.67 percent
Market cap: C$13 million
Share price: C$0.235

Libra Energy Materials is a lithium-focused exploration company that is currently working to advance its Flanders North, Flanders South and Soules Bay-Caron (SBC) projects in Ontario, Canada.

The properties are part of a November 2024 earn-in agreement with KoBold Metals. Libra can earn a 75 percent stake by incurring C$33 million in exploration expenditures across the properties over the next six years.

Flanders North and South cover 40,000 hectares, and initial surveys in 2023 revealed hundreds of pegmatites, with surface exposures of up to 200 meters in width and grab samples of up to 2.86 percent lithium oxide.

SBC covers an area of 15,000 hectares and is located near Pickle Lake, Ontario. Exploration work carried out at the property in June 2024 earned the company the Bernie Schnieders Discovery of the Year Award. The discovery included several spodumene-bearing pegmatites with widths of up to 30 meters, and spodumene grades of 15 to 25 percent across SBC. During the program, the company collected 184 grab samples with up to 6.64 percent lithium oxide.

Shares of Libra gained this week, but the company did not release any news.

3. Q-Gold Resources (TSXV:QGR)

Weekly gain: 50 percent
Market cap: C$10.48 million
Share price: C$0.18

Q-Gold Resources is a gold explorer focused on the acquisition of the Quartz Mountain project in Oregon, US. On April 3, it entered into a definitive agreement with Alamos Gold (TSX:AGI,NYSE:AGI) to acquire the property.

The measured and indicated gold resource for Quartz Mountain, which spans 2,000 hectares, comes in at 339,000 ounces at an average grade of 0.87 grams per MT (g/t) from 12.16 million MT of ore; its inferred resource stands at of 1.15 million ounces with an average grade of 0.91 g/t from 39.21 million MT ore.

Q-Gold’s latest news came on August 8. It said company representatives intend to visit the project site for the first time. They expect to conduct sampling of select diamond drill cores and verify the current status of all claims at the project.

4. Gienstar Minerals (CSE:GIEN)

Weekly gain: 49.12 percent
Market cap: C$17.58 million
Share price: C$0.85

Glenstar Minerals is an exploration company working to advance projects in Nevada, US.

Its Green Monster property consists of 35 lode claims and covers 700 acres southwest of Las Vegas. The property hosts nickel, copper, cobalt and zinc mineralization, and has mine workings dating back to the late 1800s.

The most recent update from the property came this past Wednesday, when Glenstar announced that it will switch the focus of its Phase 2 drill program to extension drilling following the discovery of a new polymetallic zone. The drilling will be centered on a high-grade zinc occurrence with grades above 30 percent and assay results of up to 177 parts per million (ppm) silver, 523 ppm nickel, 91.9 ppm cobalt and copper of 0.36 percent.

The company also owns the Wildhorse property in Southern Nevada. The early stage project has had limited exploration, but assays from a sampling program were released on July 23. In that announcement, Glenstar said four grab samples from the Coca Cola zone returned copper grades of 1.6 percent, 5.3 percent, 2.3 percent and 5.1 percent, with an average of 21.6 ppm silver, 156 ppm bismuth and 72.5 ppm tungsten.

Four samples were also collected from the Highland zone, which returned average grades of 0.16 percent copper, 1.23 percent zinc, 1.98 percent lead and 43 ppm silver.

5. Sterling Metals (TSXV:SAG)

Weekly gain: 47.69 percent
Market cap: C$13.3 million
Share price: C$0.48

Sterling Metals is an exploration company working to advance a trio of projects in Canada. Over the past year, its primary focus has been on exploration at its brownfield Soo copper project in Ontario. The 25,000 hectare property has hosted two past-producing copper mines and has the potential for larger intrusion-related copper mineralization.

On January 15, Sterling announced results from a 3D induced-polarization and resistivity survey that covered an area of 5 kilometers by 3 kilometers and revealed multiple high-priority drill-ready targets.

The company intends to use the survey results, along with historical exploration, to inform a drill program at the site.

The company’s other two projects are Adeline, a 297 square kilometer district-scale property with sediment-hosted copper and silver mineralization along 44 kilometers of strike, and Sail Pond, a silver, copper, lead and zinc project that hosts a 16 kilometer long linear soil anomaly and has seen 16,000 meters of drilling.

Both properties are located in Newfoundland and Labrador.

The most recent news from the company came on August 7, when Sterling reported that it had commenced Phase 2 drilling at Soo. The 3,000 to 5,000 meter program is designed to test areas defined through the Phase 1 program, as well as historic drill data and geophysical interpretations.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

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Apple Watch getting redesigned blood oxygen feature following legal dispute

Apple on Thursday announced a redesigned blood oxygen feature for some Apple Watch users, following a yearslong intellectual property dispute over the capability.

Apple said the redesigned feature is coming to some Apple Watch Series 9, Series 10 and Apple Watch Ultra 2 users on Thursday. The update was possible because of a recent U.S. Customs ruling, the company said.

In 2023, the International Trade Commission found that Apple’s blood oxygen sensors infringed on intellectual property from Masimo, a medical technology company. Apple paused the sale of some of its watches and began selling modified versions of the wearables without the blood oxygen feature.

“Apple’s teams work tirelessly to create products and services that empower users with industry-leading health, wellness, and safety features that are grounded in science and have privacy at the core,” the company said in a release announcing the feature rollout.

CNBC has reached out to Masimo for comment.

Users who do not currently have the feature will be able to access it by updating their iPhone to iOS 18.6.1 and their Apple Watch to watchOS 11.6.1, Apple said. Users will be able to see their results in the Respiratory section of the Health app.

Apple has been pushing deeper into health care in recent years.

The company recently released a sleep apnea detection feature for Apple Watch users and hearing health features for its AirPods headphones. In February, Apple launched its first major health study in five years.

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Warren Buffett’s Berkshire Hathaway reveals new stake in beleaguered insurer UnitedHealth

Warren Buffett’s Berkshire Hathaway revealed a new stake in troubled insurer UnitedHealth last quarter, according to a regulatory filing, a surprising buy because of the company’s current reputation, but perhaps not considering his history of bargain investing.

The Omaha-based conglomerate bought more than 5 million shares in the health care firm for a stake worth about $1.6 billion at the end of June. The stake puts it as the 18th biggest position in the Berkshire portfolio behind Amazon and Constellation Brands, according to VerityData.

Berkshire’s equity portfolio is worth about $300 billion, so it is possible that Buffett’s two investing lieutenants Todd Combs and Ted Weschler were more responsible for this purchase rather than the “Oracle of Omaha” himself. Buffett said one of his investment managers was behind the Amazon investment in 2019.

The insurer’s stock shot up 6% in extended trading following Berkshire’s disclosure.

Shares of UnitedHealth were down nearly 50% for 2025 through Thursday’s close before Buffett’s filing. The largest private health insurer has become the face of a public blowback in this country against the rising costs of health care. UnitedHealth is currently facing a Justice Department investigation into its Medicare billing practices.

In May, the company pulled its annual earnings outlook and CEO Andrew Witty stepped down. Last month, UnitedHealth gave a new 2025 outlook that was well short of Wall Street estimates, hitting the stock further.

Buffett, who’s turning 95 this month, has been critical of the healthcare system in the U.S., calling it a “tapeworm” on the economy due to its high costs. In 2018, he, along with Jeff Bezos and Jamie Dimon, launched a joint venture to improve healthcare for their employees and potentially for all Americans, but it was eventually shut down.

UnitedHealth isn’t the only stock Berkshire picked up recently. In fact, the conglomerate also took small stakes in steel manufacturer Nucor, outdoor advertising company Lamar Advertising and security firm Allegion. Berkshire also got back into homebuilders Lennar and DR Horton.

Shares of Nucor jumped nearly 8% in afterhours trading, while Lennar and DR Horton popped about 3% each.

Buffett also pared his positions in Bank of America and Apple. The Apple stake was cut by about 7%. Berkshire’s largest positions as of the end of the second quarter were Apple, American Express, Bank of America, Coca-Cola and Chevron.

The legendary investor is stepping down as Berkshire CEO at the end of the year, handing over the reins to Greg Abel. Buffett will stay on as chairman of the board. It’s still unclear who will be in charge of Berkshire’s gigantic equity portfolio, though Buffett has alluded that Abel will be making all capital allocation decisions at the conglomerate.

UnitedHealth attracted other buyers last quarter, according to filings, including Michael Burry and Appaloosa Management’s David Tepper. Shares of the insurer are trading at a price-earnings ratio of just under 12, near its lowest in more than a decade.

There was speculation regarding a mystery stock Buffett was buying as Berkshire had asked for permission to keep certain holdings secret last quarter. It turns out the secret stock was a combination of multiple positions and likely the stakes added in DR Horton, Nucor and Lennar “A” shares.

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Lyft co-founders to step down from ride-hailing firm’s board

Lyft said Thursday its co-founders, Logan Green and John Zimmer, are stepping down from the ride-hailing services provider’s board, following the completion of a two-year transition plan.

Green and Zimmer began serving as the chair and vice chair of Lyft’s board in 2023 after stepping down as CEO and president, respectively, handing the reins to David Risher, who has been a board member since 2021.

The duo founded Lyft in 2012, with the company now operating across four continents and nearly 1,000 cities.

Sean Aggarwal, who was the chair of Lyft’s board from 2019 to 2023, will reprise his role.

Zimmer is launching a new consumer-focused business venture named YES&, while Green will continue as a venture partner at Autotech Ventures, a firm investing in the mobility and transportation sector.

Lyft, which recently completed its nearly $200 million acquisition of European mobility platform FreeNow, has signed a deal with China’s Baidu 9888.HK to introduce the search-engine giant’s robotaxis in the region.

It posted revenue of $1.59 billion in the second quarter, missing estimates of $1.61 billion, according to data compiled by LSEG.

Rides on Lyft’s platform grew 14% to a record high of 234.8 million in the quarter, slightly below estimates of 235.9 million, per Visible Alpha.

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Social Security is 90 years old. We are making it smarter, better, faster under Trump

President Donald Trump has pledged to protect and preserve Social Security, and I am honored to lead the agency as Commissioner at such a pivotal moment. My vision is straightforward: a Social Security Administration that is easier to access, faster to respond, and better prepared to meet the challenges of tomorrow. That vision is rooted in our commitment to public service and grounded in the belief that government can and should work for everyone.

Since taking office, I have focused on modernizing operations; investing in our workforce; eliminating fraud, waste, and abuse; and improving how we serve the public, whether online, over the phone, or in person. 

Social Security is not a program of the past; it is a promise to future generations. 

We have expanded our digital tools to provide more services from the convenience of people’s homes. We have taken steps to reduce wait times, enhance security, and make it easier to navigate our programs. All the while ensuring we pay benefits accurately to those who are eligible to receive them.

We have also added support and removed roadblocks for our frontline employees with updated tools, technology, and processes, so they can deliver efficient, accurate, and compassionate service to the American people every day.

In my first 100 days as Commissioner, SSA has made significant progress, improving customer experience: reducing the average wait time on the national 800 number from 30 minutes last year to single digits last month; implementing new phone systems to enable 90% of calls to be handled via self-service or convenient callbacks; shortening field office wait times by 30%; eliminating 29 hours of weekly downtime for my Social Security to allow 24/7 online management of benefits; decreasing Disability hearing wait times by 60 days, reaching historic lows; and, sending over 3.1 million payments totaling $17 billion to eligible beneficiaries five months ahead of schedule under the Social Security Fairness Act.

We have a clear path to achieving operational excellence and providing best-in-class service. Under President Trump’s leadership, I have charted a new course that strengthens service delivery and secures the integrity and efficiency of our systems. We are modernizing the underlying infrastructure that supports our work so that the agency is not only keeping up with the pace of change but leading the way in service innovation.

As we celebrate this 90th anniversary, we must also keep our eyes firmly on the future. Social Security is not a program of the past; it is a promise to future generations. 

Young Americans entering the workforce today deserve the same sense of security their parents and grandparents had. Maintaining that trust will require thoughtful innovation and a shared commitment to protecting the integrity and solvency of the program.

As we look to the century ahead, President Trump remains committed to ensuring that Social Security is as strong, effective, and enduring for our children and grandchildren as it has been for the generations before them.

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Trump admin unveils groundbreaking tool ‘supercharging’ gov’t efficiency to ‘win the race’ for AI dominance

The Trump administration is announcing the launch of a new tool it says will be instrumental in enabling agencies across the federal government to efficiently implement artificial intelligence at scale and take a major step forward rolling out the president’s ‘AI Action Plan.’

Trump’s U.S. General Services Administration (GSA) said on Thursday it has launched USAi, a tool the agency describes as a ‘secure generative artificial intelligence evaluation suite that enables federal agencies to experiment with and adopt artificial intelligence at scale—faster, safer, and at no cost to them.’

The agency says that the platform, available starting Thursday at 10 a.m. through USAi.gov, gives government users access to ‘powerful’ tools like chat-based AI, code generation and document summarization with the goal of ‘supercharging employee productivity.’

‘USAi isn’t just another tool, it’s infrastructure for America’s AI future,’ GSA Chief Information Officer David Shive explained. ‘USAi helps the government cut costs, improve efficiency, and deliver better services to the public, while maintaining the trust and security the American people expect.’

GSA Deputy Administrator Stephen Ehikian told Fox News Digital that this latest application is an ‘on ramp’ to A.I. that will be the ‘tip of the spear’ on the A.I. front similar to the way GSA previously implemented the cloud. 

The Trump administration rolled out its A.I. Action Plan in July after Trump ordered the federal government in January to develop a plan of action for artificial intelligence in order to ‘solidify our position as the global leader in AI and secure a brighter future for all Americans.’ 

Trump has made U.S. A.I. growth a cornerstone of his administration, such as notching multi-billion deals with high-tech firms such as Oracle and OpenAI for the Stargate project, which is an effort to launch large data centers in the U.S, as well as a $90 billion energy and tech investment deal specifically for the state of Pennsylvania to make it the U.S. hub for AI. 

‘USAi means more than access—it’s about delivering a competitive advantage to the American people,’ GSA Deputy Administrator Stephen Ehikian said in press release.

‘The launch of USAi shows how GSA is translating President Trump’s AI strategy into action and accelerating AI adoption across government. USAi will put mission-ready tools directly into the hands of agencies to modernize faster, boost security, and lead globally.’

The A.I. Action Plan includes a three-pillar approach focused on American workers, free speech and protecting U.S.-built technologies. 

‘We want to center America’s workers, and make sure they benefit from AI,’ A.I. and crypto czar David Sacks told the media in July when details of the A.I. plan were made public. 

‘The second is that we believe that AI systems should be free of ideological bias and not be designed to pursue socially engineered agendas,’ Sacks said. ‘And so we have a number of proposals there on how to make sure that AI remains truth-seeking and trustworthy. And then the third principle that cuts across the pillars is that we believe we have to prevent our advanced technologies from being misused or stolen by malicious actors. And we also have to monitor for emerging and unforeseen risks from AI.’

Advancing the federal government’s use of A.I. and expanding employee access are core to the GSA’s efforts to fulfill Trump’s directive to preserve U.S. leadership in the global technology race, GSA Commissioner Josh Gruenbaum explained to Fox Digital in an interview earlier this month. 

‘As we kind of examined the President’s AI action plan, heard the call to action of, ‘Hey, this is a race, and we are going to win this race.’ From our perspective, all that meant, synonymously, was widespread adoption,’ he told Fox Digital of delivering AI to federal employees. 

The rollout of the USAi tool follows GSA announcing earlier in August that OpenAI’s ChatGPT Enterprise is now available to all federal agencies to incorporate into their workflow at $1 per agency. The deal with OpenAI, the tech company behind ChatGPT, is part of GSA’s OneGov Strategy that aims to modernize ‘how the federal government purchases goods and services’ under the Trump administration. 

GSA also notched another deal with A.I. company Anthropic this month providing all three branches of government access to large language model Claude. 

Gruenbaum told Fox News Digital that Thursday’s announcement will be critical for agencies for creating efficiencies to help turn the federal workforce into ‘the most nimble, smart, efficient, agile, and agentically tech-forward workforce out there so that this country can continue to compete and win the AI race.’

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Armenia and Azerbaijan leaders seek to ease Russian and Iranian concerns after US-brokered peace deal

The leaders of Armenia and Azerbaijan brushed off any threat of backlash from neighboring powers Iran and Russia following a U.S.-brokered peace accord – an agreement hailed as the start of a new era, ending more than three decades of war and hostility in the South Caucasus.

In exclusive Fox News Digital interviews, Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev both praised President Donald Trump and his envoy for their role in brokering the framework agreement. They emphasized that the deal, which promised increased regional economic integration and political cooperation, is not directed at any third party – and may actually provide strategic advantages to Moscow and Tehran.

‘This is not a zero-sum game,’ Pashinyan said. The agreement ‘contains quite tangible benefits for Iran and for Russia as well.’

‘Iran would have access through railway from the Persian Gulf to the Black Sea and Russia and Iran will have opportunity to have a railway connection between the two countries.’

Russia – a long-standing ally of Armenia and a presence in the region through its border guards – welcomed peace but sent a warning about U.S. involvement. Its foreign ministry described the accord as ‘positive,’ expressing hope for stability in the Caucasus, but warned that foreign involvement should complement, not complicate, the peace process. 

The ministry emphasized that regional solutions should include neighbors like Russia, Iran and Turkey, and cautioned against repeating the pitfalls of Western-led interventions in the Middle East.

Aliyev echoed Pashinyan’s remarks and declined to see U.S. diplomatic involvement as a provocation toward Moscow. 

‘It will be very difficult for any country – whether far away or in our region – to say something bad about today’s agreement,’ he told Fox News Digital.’We’ve taken the final step toward peace.’ 

He added: ‘It’s not against anyone. It’s a connectivity project which will be one of the most important parts of international transportation.’

At the heart of the pact is the planned Trump Route for International Peace and Prosperity (TRIPP) – a roughly 27-mile transit route linking mainland Azerbaijan with its Nakhchivan exclave, passing through Armenian territory. Armenia has granted the U.S. exclusive development rights via a 99‑year lease, allowing for infrastructure projects such as roads, rail lines, pipelines, fiber optics and possibly power transmission, aimed at opening new trade and transit paths in the region.

This bold move shifts regional dynamics, offering Washington a powerful strategic foothold while bypassing traditional Russian and Iranian routes.

Iran, in contrast, has responded with hostility. 

Ali Akbar Velayati, a key advisor to Iran’s supreme leader, warned of serious consequences if the ‘Zangezur Corridor’ – as Iran calls the route – is enacted, asserting that it ‘will not become a passage owned by Trump, but rather a graveyard for Trump’s mercenaries,’ according to the semi-official news agency Tasnim.

Iran has even signaled readiness to use military means to block the route. 

Domestically, Pashinyan faces opposition. Armenian nationalists, already fierce critics of any deal with Azerbaijan, view the agreement as a betrayal. The Republican Party of Armenia has declared that Pashinyan lacks the mandate to sign such a treaty, demanding full transparency and an end to concessions made under external pressure.

Pashinyan, however, is undeterred. He said the accord could transform Armenia’s investment climate and attract foreign capital. 

‘We expect to have some criticism, and that’s part of democracy,’ he told Fox News Digital. ‘But we are confident we made the right decision.’ 

Once the dominant power in the South Caucasus, Russia is losing its grip. The war in Ukraine, mounting sanctions and resource strains have depleted its regional influence, enabling the U.S., Turkey and the European Union to expand their diplomatic reach.

Relations with Azerbaijan particularly soured following the December 2024 downing of Azerbaijan Airlines Flight 8243. Aliyev accused Moscow of accidentally shooting the passenger jet with Russian air defenses during operations against Ukrainian drones, killing 38 people. 

Aliyev told Fox News Digital he didn’t believe the incident was an intentional attack by Russian leadership, but demanded a formal admission of guilt, punishment for those responsible and full compensation – moves Russia has resisted, apologizing only vaguely for what they called a’tragic incident.’

And amid political divisions, Pashinyan finds himself in a conflict with one of the country’s most respected institutions  – the Armenian Apostolic Church, where figures like Archbishop Bagrat Galstanyan have led public protests against Pashinyan’s decision to return border villages to Azerbaijan.

On June 25, authorities arrested Galstanyan, a leading figure in the church and of the ‘Sacred Struggle’ opposition movement, accusing him of orchestrating a terrorist plot to overthrow the government. Armenia’s Investigative Committee alleged he had recruited more than 1,000 former police and military personnel to stage bombings, disrupt power grids and paralyze transportation networks. 

Pashinyan assured that the judiciary system acted independently of his government and ‘in full accordance with the law of Armenia, respecting all the rights of all people.’

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