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Silver47 Unveils Multiple Premier Exploration Targets with Strong Discovery Potential Across the Red Mountain Project, Alaska

Undrilled silver-rich and polymetallic occurrences are dispersed across a 55 km highly prospective east-west corridor

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) (‘Silver47’ or the ‘Company’) is pleased to provide a review of drill targeting across the highly-prospective Bonnifield District at the Red Mountain project near Fairbanks, Alaska (the ‘Red Mountain Project’).

Highlights:

  • Strong Alaskan High-Grade Resource Base: The Red Mountain Project already hosts an inferred mineral resource estimate of 15.6Mt at 336 g/t AgEq* totaling 168.6 million silver equivalent ounces comprised of two resource zones, Dry Creek and West Tundra Flats.
  • Leveraging Past Work: A database of historic geochemical and geophysical data, including 2,543 rock samples, 7,948 soil samples and 15,862 XRF soil samples has revealed a series of new targets outside the current resource zones that the Company is developing for drilling in 2026.
  • High Prospectivity and Unique Discovery Potential: Ongoing compilation highlights at least 35 mineralized prospects across the Red Mountain Project covering a 55 km trend many of which are undrilled or represent preliminary drilled discoveries open to expansion.
  • U.S. Silver and Critical Metal Focus: Multiple zones of high-grade surface mineralization marked by samples collected by a previous operator representing significant polymetallic upside are highlighted by grades of:
  • 1,295 g/t silver at the Galleon target
  • 3.8 g/t gold at the Horseshoe target
  • 16.2% copper at the Kiwi target
  • 32% zinc at the Anderson Mountain target
  • 20% lead at the Jack Frost target
  • 4,850 g/t antimony at the Bib target
  • 149 g/t gallium northeast of the West Tundra Flats Deposit
  • 98 g/t indium at the Jack Frost target
  • 0.13% tin at the Sheep Creek target
  • Drilling On-Going with Assays Pending: Nine holes have been completed at the Dry Creek and West Tundra Flats deposits where zones of massive, semi-massive and disseminated sulfides have been intersected in step-out and infill holes.

Galen McNamara, CEO, stated: ‘Our Red Mountain Project in Alaska is emerging as a premier silver and critical metals asset in the U.S. By leveraging extensive historic data, we’ve identified dozens of high-potential targets along broadly mineralized trends. The prospectivity of these targets was first identified by past operators, and I agree; the data suggest the likely presence of additional undiscovered and potentially giant VMS deposits on the project. I am unaware of any other domestic mineral projects with similar polymetallic discovery potential. In addition, ongoing drilling at Dry Creek and West Tundra Flats continues to intersect promising sulfide zones, with assays pending, positioning Red Mountain to deliver significant value and strengthen domestic critical mineral supply chains in the future.’

*Table 1: Combined Open Pit and Underground Inferred Mineral Resource Estimate for the Red Mountain Project, Alaska 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/262306_8647920a74a5686f_002full.jpg

  1. The 2024 Red Mountain MRE was estimated and classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (‘CIM’) ‘Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines’ dated November 29, 2019, and the CIM ‘Definition Standards for Mineral Resources and Mineral Reserves’ dated May 10, 2014.
  2. Mr. Warren Black, M.Sc., P.Geo. of APEX Geoscience Ltd., a QP as defined by NI 43-101, is responsible for completing the 2024 Mineral Resource Estimate, effective January 12, 2024.
  3. Mineral resources that are not mineral reserves have not demonstrated economic viability. No mineral reserves have been calculated for Red Mountain. There is no guarantee that any part of the mineral resources discussed herein will be converted to a mineral reserve in the future.
  4. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, market, or other relevant factors.
  5. The quantity and grade of reported Inferred Resources is uncertain, and there has not been sufficient work to define the Inferred Mineral Resource as an Indicated or Measured Mineral Resource. It is reasonably expected that most of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
  6. All figures are rounded to reflect the relative accuracy of the estimates. Totals may not sum due to rounding. Reported grades are undiluted.
  7. A standard density of 2.94 g/cm³ is assumed for mineralized material and waste rock. Overburden density is set at 1.8 g/cm³. For mineralized material blocks with iron assays close enough to estimate an iron value for the block, density is calculated using the formula: density (g/cm³) = 0.0553 * Fe (%) + 2.5426.
  8. Metal prices are US$2,750/tonne Zn, US$2,100/tonne Pb, US$8,880/tonne Cu, US$1,850/oz Au, and US$23/oz Ag.

Figure 1. Plan Map of Red Mountain Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/262306_8647920a74a5686f_003full.jpg

Figure 2. Mineralized core from WT25-38 at the West Tundra Flat Deposit showing disseminated, semi-massive and massive sulfides consisting of pyrite, pyrrhotite, sphalerite, galena and chalcopyrite (172.65 to 180.5m downhole).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/262306_8647920a74a5686f_004full.jpg

The Targets

Priority volcanogenic massive sulfide (VMS) exploration targets at the Red Mountain Project are dispersed across the highly prospective Bonnifield mining district. The targets vary from zinc-rich to copper-rich and many have associated high-grade silver and local gold mineralization.

Four main target trends are defined and include: Dry Creek Syncline, Keevy Trend, Last Chance Corridor and Wood River trend (Figure 1). Many of the targets across the Dry Creek Syncline area (Figure 1) were known historically, however, numerous high-priority targets across the Keevy and Last Chance areas were more recently identified through regional stream sediment, ridge-spur soil and rock geochemical surveys and project-wide EM geophysical surveys completed by a past project operator. Of the 30 known targets as well as other un-explored EM targets, only eleven targets have been drill tested, five of those with less than three holes each.

The Dry Creek Syncline: The best known targets associated with the Dry Creek Syncline are the Dry Creek and WTF deposits (combined inferred mineral resource of 15.6 million tonnes at 7% ZnEq or 335.7 g/t AgEq, totaling 168.6 million silver equivalent ounces*). Previous drilling at Dry Creek have returned high-grade intercepts, such as 22.3 m at 601 g/t AgEq (150.6 g/t Ag, 0.82 g/t Au, 5.86% Zn, 2.60% Pb, 0.13% Cu, DC24-105) from 18.9 m down hole.

VMS targets are located along both limbs of the project-scale, east-west trending Dry Creek syncline where approximately 40 km of prospective VMS stratigraphy (Mystic and Sheep Creek members of the Totatlanika schist) is well exposed (Figure 1). Many targets along the syncline are associated with pronounced EM anomalies and have been mostly defined by stream, soil and rock-chip geochemistry and limited ground geophysical surveys (magnetics and CSAMT). High priority targets across the Dry Creek Syncline area include:

  • Hunter Target: Massive sulfide mineralization at the Hunter target, 5.8 km west of Dry Creek, has been traced for over 500 m within a carbonaceous phyllite that is traced for over 1 km. Rock chip sampling of the discovery Hunter outcrop returned assays up to 616 g/t Ag, 18.6% Zn, 5.4% Pb, 2.5% Cu, and 0.33 g/t Au. Six drill holes in 2018, 2019 and 2021 successfully tested the dip-extent of the massive sulfide lens highlighted by 1.4m of 17.4% Zn, 3.9% Pb, 1.6% Cu, 90 g/t Ag and 0.23 g/t Au (HR18-01)2 and 1.8m of 13.8% Zn, 3.1% Pb, 56 g/t Ag, 0.2 g/t Au and 0.9% Cu (HR18-02)2. VMS-related mineralization at Hunter is therefore open in all directions and further drilling testing of the strike- and dip-extent is warranted.

  • Glacier Creek: The Glacier Creek suite of targets are approximately 12.3 km northwest of Dry Creek. The ~6 km long target area is primarily underlain by the highly-prospective Totatlanika schists and is defined by numerous EM anomalies and broad km-scale colour anomalies and associated sericite alteration. Rock-chip sampling is sparce and soil-surveys have only been ridge-spur, however, numerous multi-element geochemical anomalies have been defined together with barium enrichment in many samples. Seven holes were drilled across two programs covering a 2 km trend in 1998 and 2019. Additional geological mapping, soil and rock geochemical surveys are clearly warranted to advance the known targets and to define drill targets.

  • Galleon Target: The Galleon target is approximately 9.0 km north of Dry Creek. Similar to Glacier Creek, the Galleon target is primarily underlain by the Totatlanika schist where numerous showings of VMS-style, high-Pb-Zn-Cu massive sulfide mineralization have been discovered. Importantly, numerous samples from Galleon returned elevated to high-grade Ag and Au mineralization. Rock samples with up to 1,265 g/t Ag, 2.18 g/t Au, 2.4% Zn, 1.656% Pb and 1.7% Cu have been reported. Additional geological mapping, soil and rock geochemical surveys are clearly warranted to advance the known targets, followed by drill testing.

The Keevy Trend: The Keevy VMS trend consists of numerous high-grade VMS targets dispersed along 25 km of favorable Keevy Peak Formation and Healy Schist stratigraphy south of the Dry Creek Syncline area (Figure 1). From east to west the targets comprise Lowrider, Easy Ivan, Jack Frost, Yogi, Kiwi, and Yeti with multiple unexplored EM targets west of Yeti (Figure 1). These targets have massive sulfide occurrences comprised of sphalerite, galena and chalcopyrite with other key VMS indicators such as chert, black barite and broad zones of sericite alteration and strongly anomalous base-metal soil anomalies. Highlights and key indicators of VMS potential from the Keevy VMS trend include:

  • Kiwi: up to 316 g/t Ag, 16.2% Cu, 10.3% Zn, 1.7% Pb, and 2.8 g/t Au in rock samples

  • Easy Ivan: up to 87.1 g/t Ag, 6.0% Zn, 12.3% Pb, and 0.45% Cu in rock samples

  • Jack Frost: up to 285 g/t Ag, 14.0% Zn, 20.0% Pb, and 1.1% Cu in rock samples

  • Yeti: black barite with elevated silver and strong base metal soil anomalism

Besides sparce ridge-spur and local grid soil surveys, prospecting and rock sampling many of the targets are under-explored and represent priority targets for follow-up. Geological mapping and infill soil geochemical surveys are planned to advance many of the targets along the highly prospective Keevy Trend.

Last Chance Corridor: The Last Chance area of prospective VMS targets is centered approximately 40 km west of the Dry Creek deposit (Figure 1). These targets may represent the western extent of the Keevy Trend. Seven targets have been defined covering a prospective corridor of 15 km primarily underlain by the Healy Schist and include from east to west; Copper Creek, Grapple, Bib West, Bullseye, Ringer, Sheep Creek and Horseshoe. The VMS lenses exposed in outcrop consist of pyrrhotite, pyrite and/or sphalerite, galena and chalcopyrite. Only the Sheep Creek target has been drill tested (1979 program by US Borax1) and all targets are primarily defined based on rock, soil and stream sediment anomalism and airborne and local ground-based geophysical methods. Highlights from previous rock-chip sampling include:

  • Horseshoe: up to 8.3% Zn, 4.6% Pb, 0.76% Cu, 44 g/t Ag and 3.8 g/t Au in rock samples

  • Bib: up to 7.3% Zn, 5.1% Pb, 0.3% Cu, 60 g/t Ag and 0.47 g/t Au in rock samples

  • Grapple: up to 5.1% Zn, 13.2% Pb, 0.79% Cu and 139 g/t Ag in rock samples

  • Ringer: up to 0.72% Cu, 27 g/t Ag and 1.0 g/t Au in rocks samples

  • Sheep Creek: up to 306 g/t Ag, 4.3% Zn, 3.98% Pb, and 0.18% Cu in rock samples and 24.5 m of 1.3% Zn,1.0% Pb and 0.127% Sn in historical drilling1

Follow-up geological mapping, infill soil geochemical surveys and additional higher-resolution magnetic surveys are planned to further advance many of the Last Chance targets.

Wood River Trend: Four high-grade VMS targets cover a 24 km trend on the southern limb of a district-scale anticlinal fold that runs parallel to the Dry Creek syncline (Figure 1). The targets are hosted in prospective Healy and Wood River Assemblage schists which host VMS-related mineralization elsewhere in the Bonnifield district. From east to west the targets include West Fork, Cirque, Virginia Creek and Anderson Mountain. Select historical rock-chip sampling and select drilling highlights include:

  • West Fork: up to 3.5% Zn, 2.5% Pb, 1.2% Cu and 73g/t Ag in rock samples

  • Cirque: up to 487 g/t Ag, 13.2% Zn, 3.8% Pb, 12.4% Cu and 3.7 g/t Au in rock samples

  • Virginia Creek: historical drilling, 14.8m at 3.3% Zn, 0.8% Pb, 78 g/t Ag, 0.2g/t Au and 0.5% Cu1 and rock samples up to 2.8% Zn, 0.65% Pb, 74.1 g/t Ag, 1.01 g/t Au and 1.3% Cu

  • Anderson Mountain: historical drilling, 161 g/t Ag, 0.6 m at 22% Zn, 4.8% Pb and 0.6% Cu1 and up to 151 g/t Ag, 32% Zn, 8.8% Pb and 3.8% Cu in rock samples. The prospective VMS horizon is mapped for over 240 m

Follow-up geological mapping, infill soil geochemical surveys and additional higher-resolution magnetic surveys are warranted to further advance many of the Wood River trend of VMS targets.

Exploration Update

Drilling is ongoing at the Red Mountain Project where nine holes have been completed. Two holes have been completed at Dry Creek and seven holes at WTF. Zones of massive, semi-massive and disseminated sulfide mineralization have been intersected in both infill and step-out holes.

Data Verification

Historical data referenced herein, including but not limited to assay results, drill intercepts, and geological interpretations from previous exploration activities, have been sourced from publicly available records, archived reports, and third-party databases believed to be reliable. However, Silver47 has not independently verified this historical data through resampling, re-assaying, or other confirmatory methods due to the remote locations of the original samples or sites. As such, the Company cautions that this historical information may not conform to current NI 43-101 standards and should not be relied upon.

No new data verification procedures were undertaken specifically for this release beyond a review of available documentation. The Company plans to conduct future verification work, including drilling and sampling, to confirm and update these historical findings as part of ongoing exploration programs.

Qualified Person

The technical content of this news release has been reviewed and approved by Galen McNamara, P. Geo., the CEO of the Company and a qualified person as defined by National Instrument 43-101.

References

  1. Data reported by White Rock Minerals, WRM ASX announcement August 20th, 2018.

About Silver47 Exploration

Silver47 Exploration Corp. is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver developer with a combined resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq Indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in America’s most prolific mining jurisdictions. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR at www.sedarplus.ca. The Company trades on the TSXV under the ticker symbol AGA and OTCQB under the ticker symbol AAGAF.

For more information about the Company, please visit www.silver47.ca and see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled ‘Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd.’

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    On Behalf of the Board of Directors,

    Mr. Galen McNamara
    CEO & Director

    For investor relations
    Giordy Belfiore
    604-288-8004
    gbelfiore@silver47.ca

    No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

    FORWARD-LOOKING STATEMENTS

    This release contains certain ‘forward-looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘expect’, ‘intend’, ‘estimate’, ‘upon’ ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. Forward-looking statements and information include, but are not limited to: the Company’s exploration and development activities and plans. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the ability to close the Offering, including the time and sizing thereof, the insider participation in the Offering and receipt of required regulatory approvals; the use of proceeds not being as anticipated; the Company’s ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and the additional risks identified in the Company’s financial statements and the accompanying management’s discussion and analysis and other public disclosures recently filed under its issuer profile on SEDAR+ and other reports and filings with the TSXV and applicable Canadian securities regulators. The forward-looking information are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws.

    No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262306

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    Sranan Gold Initiates Diamond Core Drilling Program on the Randy Trend at the Tapanahony Project in Suriname

    Sranan Gold Corp. (CSE: SRAN) (FSE: P84) (Tradegate: P84) (‘Sranan’ or the ‘Company’) announces the commencement of its diamond drilling program for the Tapanahony Project in Suriname. Sranan’s drilling on the Randy trend is based on the positive drill results by Iamgold in 2012, small-scale mining by local community members, geologic and Lidar interpretation, and the results reported in recent news releases on high-grade grab samples from new shafts at Randy’s Pit (76.6 grams per tonne (gt) and 23.7 gt gold – see news release dated July 31, 2025) and trench channel samples of 5 metres of 36.7 gt gold (see news release dated August 7, 2025).

    Sranan plans to validate the results of historical drilling by Iamgold since no core was preserved, and logs are missing structural and lithologic data. The Company is leveraging its team’s experience in the structural controls on mineralization gained from other gold projects in the Guiana Shield, and is using oriented core to better understand shear and vein orientation. Drill samples are being logged, photographed and cut using standard operating and QA/QC procedures. The first samples will be shipped soon as they are logged and sampled.

    Figure 1: Recent drone image looking north showing hole 25RADD-001 in relation to channel 25RACH-001 and the shafts within the north end of Randy’s Pit.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/10997/262263_srananimage.jpg

    Dr. Dennis LaPoint, Executive VP of Exploration and Corporate Development, commented: ‘The drone image is an excellent figure to illustrate the potential of the Randy trend. The shafts with grab samples up to 6.5 g/t gold have been overlooked by Iamgold and the local miners, and the area of trench 25RACH-001 has not been prospected. We look forward to conducting systematic diamond drilling to test the strike and depth of the Randy trend.’

    The Company will provide updates on results from the drilling program as they become available.

    About Sranan Gold

    Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The highly prospective Tapanahony Project is in the heart of Suriname’s modern-day gold rush. Tapanahony covers 29,000 hectares in one of the oldest and largest small-scale mining areas in Suriname.

    Sranan Gold also owns the Aida Property consisting of five mineral claims covering an area of 2,335.42 hectares on the Shuswap Highland within the Kamloops Mining Division.

    For more information, visit sranangold.com.

    Qualified Person

    Dr. Dennis J. LaPoint, Ph.D., P.Geo. a ‘qualified person’ as defined under National Instrument 43‐101, has reviewed and approved the scientific and technical information in this release. Dr. LaPoint is not independent of Sranan Gold, as he is the Company’s Executive VP of Exploration and Corporate Development.

    Information contact
    Oscar Louzada, CEO
    +31 6 25438975

    THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

    Forward-looking statements

    Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the company’s current expectations regarding future events, performance and results and speak only as of the date of this release. Further details about the risks applicable to the Company are contained in the Company’s public filings available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.

    Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262263

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    Lithium Prices Surge After CATL Halts Major Mine in China

    Lithium prices and mining stocks around the world soared this week after Chinese battery giant Contemporary Amperex Technology (CATL) (SZSE:300750,HKEX:3750) suspended operations at one of the world’s largest lithium mines.

    The halt at the Jianxiawo lepidolite mine in Jiangxi province’s Yichun city, a hub for China’s lithium production, came after the mine’s permit expired on August 9.

    CATL confirmed the closure on Monday (August 11), saying it is seeking a permit extension but offering no timeline for resuming output. The shutdown will last at least three months, according to people familiar with the matter cited by Bloomberg.

    The mine produces around 65,000 tons of lithium carbonate equivalent (LCE) annually, equivalent to roughly 6 percent of global output, according to estimates.

    That makes the stoppage one of the most significant supply interruptions in recent years for a metal central to electric vehicle (EV) batteries, grid storage, and consumer electronics.

    The most-active lithium carbonate futures contract on the Guangzhou Futures Exchange (GFEX) jumped the daily limit of 8 percent on Monday (August 11), closing at 81,000 yuan (US$11,280) per ton for November delivery.

    Meanwhile, spot prices in China also climbed, with Asian Metal reporting a 3 percent increase to 75,500 yuan per ton, the highest margin since February.

    On the Liyang Zhonglianjin E-Commerce platform, November delivery prices surged over 10,000 yuan to around 85,500 yuan per ton.

    Chandler Wu, senior analyst for battery raw materials at Fastmarkets, estimated that the shutdown would cut about 5,000 tons of LCE from China’s monthly output.

    Market sentiment had been building for weeks amid speculation the mine’s license might not be renewed. By Wednesday, contracts on the GFEX were already posting sharp gains, with sellers in the spot market pushing up offers in line with futures prices.

    Global mining stocks rally

    The supply shock sent lithium miners’ shares higher from Sydney to New York.

    In the US, Albemarle (NYSE:ALB) jumped more than 15 percent, Lithium Americas (NYSE:LAC) by 13 percent, and Chile’s SQM (NYSE:SQM) by 12 percent.

    Australian producers saw similar gains: Pilbara Minerals (ASX:PLS,OTC Pink:PILBF) climbed up to 20 percent, Liontown Resources (ASX:LTR,OTC Pink:LINRF), surged 25 percent, and Mineral Resources (ASX:MIN,OTC Pink:MALRF) advanced 14 percent.

    Analysts say the suspension may be linked to Beijing’s “anti-involution” campaign — an initiative aimed at curbing overcapacity and promoting more sustainable production across industries.

    The policy theme has recently swept China’s financial markets and affected sectors from steelmaking to e-commerce and EVs.

    China has been the world’s top processor of lithium for years. CATL, the world’s largest battery maker, has also aggressively invested in raw material supply chains to secure long-term access to critical minerals like lithium, nickel, and cobalt.

    That vertical integration has helped China dominate the global EV market, but it has also contributed to oversupply concerns in the lithium sector.

    CATL emphasized that the Jianxiawo shutdown would have “little impact” on its overall operations.

    Even so, traders warn that the effects could be far-reaching if the suspension extends beyond Jianxiawo. Local authorities in Yichun have reportedly asked eight other miners to submit reserve reports by the end of September after audits revealed non-compliance in registration and approvals.

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

    This post appeared first on investingnews.com

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    North Shore Uranium

    Investor Insight

    With a focused and cost-efficient exploration strategy, North Shore Uranium is building a dual-jurisdiction uranium portfolio in two of North America’s most prolific uranium districts: Saskatchewan’s Athabasca Basin and New Mexico’s Grants Uranium District.

    Overview

    North Shore Uranium (TSXV:NSU) is a North America-focused uranium exploration company advancing a dual-track strategy, targeting high-impact discoveries in two of the world’s most prolific uranium jurisdictions: the eastern Athabasca Basin region in Saskatchewan, Canada, and the Grants Uranium District in New Mexico, USA. With a lean capital structure, fully permitted drill targets in Saskatchewan, and strong insider ownership, the company is well-positioned to deliver value through cost-effective exploration and resource definition in a rising uranium price environment.

    Rio Puerco project in New Mexico’s Grants District, is a historically productive uranium belt responsible for over 340 million pounds of past U3O8 production. Using data from approximately 800 historical drill holes a JORC-compliant inferred resource estimate of 11.4 million pounds U₃O₈ 1 was completed in 2009. Early evaluations suggest potential for in-situ recovery (ISR) mining – one of the lowest-cost extraction methods in the industry.

    At Falcon in the Athabasca Basin, North Shore’s maiden 2024 drill program confirmed near-surface uranium mineralization in previously untested zones, highlighting the project’s potential for new discoveries. The company has identified a 7-kilometre conductive corridor with high-priority drill targets named the South Priority Area, and is planning prospecting and follow-up drill programs.

    Rio Puerco project area

    Strategically, North Shore stands out among junior explorers by offering exposure to two of the most politically stable and uranium-endowed regions in the world.

    With macro tailwinds, including spot uranium prices surpassing US$100/lb in 2024 and recent US policies aiming to triple nuclear energy capacity by 2050, the company is positioned to benefit from growing demand and supportive permitting regimes in both Canada and the United States.

    Company Highlights

    • Dual Jurisdiction Exposure: Active exploration in Athabasca Basin and the Grants Uranium District, two of the most historically significant uranium-producing regions in North America.
    • Rio Puerco Option: Binding term sheet signed for a transaction that would see North Shore Uranium acquire up to an 87.5 percent of the Rio Puerco uranium project in New Mexico, where there is a historical resource estimate of 6 million tonnes grading 0.09 percent eU₃O₈ for 11.4 million lbs of U₃O₈.1
    • Falcon Discovery in 2024: Maiden drill program confirmed near-surface uranium mineralization at two targets on the Falcon property in the Athabasca Basin in a previously undrilled area within 30 km of the active Key Lake uranium mill.
    • Path to Resource Definition: Upon completion of the transaction, North Shore plans to validate historical data, attempt to expand the resource and evaluate the ISR potential at Rio Puerco and concurrently work to expand the discovery footprint at Falcon.
    • Lean Structure, Strong Insider Support: $2.2 million market cap (as of July 2025), 40.3 million shares outstanding, with 43.3 percent held by insiders and founding investors.
    • High-caliber Team: Led by award-winning geologist Brooke Clements and supported by proven uranium dealmakers and technical experts.

    Key Projects

    Rio Puerco Uranium Project

    On June 23, 2025, North Shore signed a binding term sheet with Resurrection Mining LLC for a transaction that would allow North Shore to acquire up to an 87.5 percent interest in Rio Puerco. Closing of the transaction by August 31, 2025 is subject to final due diligence, execution of a definitive agreement, completion of a minimum $750,000 financing by North Shore and approval by the TSX Venture Exchange. Rio Puerco is located 60 km northwest of Albuquerque in the prolific Grants Uranium District. The Grants District has historically produced over 340 million lbs of U₃O₈, making it the most productive uranium region in the United States. Rio Puerco consists of 37 Bureau of Land Management claims and benefits from existing access infrastructure.

    Rio Puerco is surrounded by advanced uranium exploration/development projects: Roca Honda (Energy Fuels), Marquez-Juan Tafoya (Anfield Energy), and Cebolleta (Premier American Uranium).

    The Rio Puerco deposit is hosted in the Westwater Canyon Member of the Jurassic Morrison Formation – a well-known host for peneconcordant sandstone-hosted uranium mineralization. Kerr-McGee drilled over 1,000 holes on the property and surrounding area in the 1970s and initiated development of a room-and-pillar underground mine. Mining operations were suspended in 1980 due to collapsing uranium prices. A 2009 resource estimate by Monaro Mining outlined a JORC-compliant historical inferred resource of 6 million tonnes grading 0.09 percent eU₃O₈ for 11.4 million lbs of contained U₃O₈.1 This estimate was validated by a 2011 technical report commissioned by Australian-American Mining Corporation.

    The deposit is believed to have potential for ISR mining – a low-cost, environmentally friendlier method used in many US uranium projects. After completion of the Rio Puerco transaction, North Shore’s near-term plan is to validate historical data through a 10- to 20-hole drill program, including both rotary and diamond core holes, and evaluate the ISR potential through hydrogeological, geochemical and metallurgical testing.

    Rio Puerco represents a near-term opportunity to define a modern resource in a supportive permitting and policy environment. Recent executive orders by the US government aim to accelerate nuclear permitting timelines. The project lies entirely on BLM land and is situated near advanced-stage uranium projects such as Roca Honda (Energy Fuels), Marquez-Juan Tafoya (Anfield Energy), and Cebolleta (Premier American Uranium), enhancing the district-scale relevance of the asset.

    Falcon Property

    Falcon is located along the Wollaston Domain at the eastern margin of Saskatchewan’s Athabasca Basin, the property spans 55,503 hectares across 15 mineral claims. North Shore owns 100 percent of four claims totalling 12,800 hectares and holds an option to earn up to a 100 percent interest in the remaining 11 claims from Skyharbour Resources by October 2027. The project benefits from excellent infrastructure, including proximity to the active Key Lake uranium mill (30 km west) and a powerline traversing the property’s eastern boundary.

    The Falcon area has similarities to the base of the nearby Key Lake deposit, where uranium is associated with fault zones just below the unconformity between overlying sandstone and basement rocks. At Falcon, the sandstone cover has been eroded, exposing basement rocks, making it an ideal target for basement-hosted mineralization. Historical work from the 1960s to early 2000s identified numerous uranium occurrences at Falcon, including “radioactive boulders”, uranium showings as well as strong EM conductors. High-resolution airborne geophysical surveys were flown in 2006, 2007, 2013 and 2022. These datasets, combined with new and historical drill results, and new geophysical modeling, have allowed North Shore to define and prioritize 36 exploration targets, including 11 high-priority targets across three priority zones.

    In March 2024, North Shore completed its maiden drill program at Falcon, targeting three previously undrilled EM conductor anomalies (P03, P08, P12). At P08 and PO3 , drilling intersected three near-surface, uranium-bearing fault zones. The most notable interval at PO8 at a depth of 45 metres returned 4.7 metres at 316 parts per million (ppm) U₃O₈, with one sample returning 572 ppm U₃O₈1.

    Target FA025, near mapped location of the D Zone showing

    Current exploration at Falcon is primarily focused on the South Priority Area, a 7 km EM conductor trend that includes the P03 and P08 discoveries and high-priority targets such as FA002, FA003, F004 and F005. In target zone 3, FA025 hosts the historical D Zone showing (1.26 percent uranium and 0.8 percent molybdenum in a mineralized vein). Only three shallow holes totaling 350 m have been drilled at FA025. The project is fully permitted for drilling and North Shore inked an exploration agreement with the English River First Nation in March 2025.

    West Bear Property

    Located approximately 90 km north of the Falcon property, the West Bear Property comprises four claims totaling 3,927 hectares and is located at the eastern edge of the Athabasca Basin. It is adjacent to a known uranium and cobalt-nickel resources held by Uranium Energy Corp., including a Co-Ni resource of 3.8 million lbs of cobalt and 3.2 million lbs of nickel, as well as a probable uranium reserve of 1.4 million lbs U₃O₈. The proximity to these advanced-stage assets provides geological validation of the regional prospectivity.

    Management Team

    Brooke Clements – President, CEO and Director

    Brooke Clements is an award-winning exploration geologist with over 35 years in the mining industry. He is the former president of Peregrine Diamonds and senior VP of Peregrine Metals. He is a two-time recipient of the AMEBC Hugo Dummett Award and the 2019 PDAC Bill Dennis Award for discovery.

    Blake Steele – Advisor and Investor

    Blake Steele is the former president and CEO of Azarga Uranium, which was acquired by enCore Energy for approx. C$200 million. Steele has deep expertise in capital markets and US ISR uranium projects.

    Jimmy Thom – Director

    Geologist and former exploration manager at Paladin Energy, Jimmy Thom oversaw exploration strategy for the company’s North American uranium portfolio.

    Dan O’Brien – Chief Financial Officer

    With over 20 years of financial experience in the mining industry, Dan O’Brien serves as CFO for several publicly listed exploration companies.

    Andrew Stewart – Director

    Andrew Stewart is a capital markets lawyer and partner at Cozen O’Connor, with cross-border legal expertise relevant to US projects and potential future US listings.

    Doris Meyer – Director

    Doris Meyer is a corporate compliance expert with experience as director of a number of publicly listed exploration companies.

    James Arthur – Director

    James Arthur is a senior legal counsel and senior director of Keysight Technologies, an S&P 500 company.

    Ben Meyer – Corporate Secretary

    Ben Meyer has more than 10 years of experience in corporate and regulatory compliance.

    Alex Molyneux– Founding Investor

    Alex Molyneux is the former CEO of Paladin Energy (2015-2018).

    1The historical resource at Rio Puerco outlined in this profile has not been verified. It is a historical estimate and not current and does not comply with Canadian NI-43-101 guidelines for the reporting of mineral resources. A Qualified Person has not verified the historical resource on behalf of the company and North Shore has completed no work programs at Rio Puerco. Though not current, the company views the historical resource estimates as reliable and sufficient to justify exploration programs at Rio Puerco.

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    Purepoint Uranium Announces $3 Million Charity Flow-Through Private Placement

    Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) (‘Purepoint’ or the ‘Company’) announced a non-brokered private placement (the ‘Offering’) for aggregate gross proceeds of up to $3,000,000 from the sale of a combination of the following:

    • Saskatchewan flow-through units of the Company (each, a ‘SFT Unit‘) at a price of $0.65 per SFT Unit with each SFT Unit consisting of one common share of the Company to be issued on a ‘flow through’ basis pursuant to the Income Tax Act (Canada) (each a ‘SFT Share‘) and one common share purchase warrant (each, a ‘Warrant‘); and
    • National flow-through units of the Company (each, a ‘NFT Unit‘, together with the SFT Unit, the ‘CFT Units‘) at a price of $0.59 per NFT Unit with each NFT Unit consisting of one common share of the Company to be issued on a ‘flow through’ basis pursuant to the Income Tax Act (Canada) (each a ‘NFT Share‘, together with the SFT Shares, the ‘FT Shares‘) and one Warrant.

    Each Warrant entitles its holder to purchase one common share of the Company (each a ‘Warrant Share‘) at an exercise price of $0.50 per share for a period of 24 months from the date of issuance.

    The gross proceeds of the FT Shares sold under the Offering will be used for Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada)) which qualify as a ‘flow-through mining expenditure’ for purposes of the Income Tax Act (Canada) related to the exploration program of the Company to be conducted on the Company’s properties located in the Athabasca Basin, Saskatchewan. The Company will renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2025.

    The completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and corporate approvals, including the approval of the listing of the FT Shares and the Warrant Shares on the TSX Venture Exchange. Resale of the securities of the Company distributed under the Offering will be subject to a statutory hold period in Canada of four months and one day following the closing date of the Offering.

    About Purepoint

    Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. Highly prospective uranium projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd.

    Additionally, the Company holds a promising VHMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Corporation’s McIlvena Bay project. Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading explorer in one of the globe’s most significant uranium districts.

    For more information, please contact:

    Chris Frostad, President & CEO
    Phone: (416) 603-8368
    Email: cfrostad@purepoint.ca

    For additional information please visit our new website at https://purepoint.ca, our Twitter feed: @PurepointU3O8 or our LinkedIn page @Purepoint-Uranium.

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

    Disclosure regarding forward-looking statements

    This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. ‘Forward-looking information’ includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the completion of planned exploration activities, the ability of the Company to complete the Offering on the proposed terms or at all, statements regarding the tax treatment of the CFT Units and the timing to renounce all Canadian Exploration Expenses, the anticipated use of proceeds from the Offering and receipt of regulatory approvals with respect to the Offering. Generally, but not always, forward-looking information and statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’ or the negative connation thereof.

    Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company’s planned exploration activities will be completed in a timely manner, that the Company will be able to complete the Offering on the terms as anticipated by management, that the Company will use the proceeds of the Offering as anticipated, and that the Company will receive regulatory approval with respect to the Offering. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

    There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the risk that the Company will not be able to complete the Offering on the terms as anticipated by management or at all, that the Company will not use the proceeds of the Offering as anticipated, that the Company will not receive regulatory approval with respect to the Offering, risks relating to the actual results of current exploration activities, fluctuating uranium prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.

    Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

    The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

    Not for Dissemination in the United States or through U.S. Newswire Services

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262289

    News Provided by Newsfile via QuoteMedia

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    GMV Minerals Inc. Announces Updated PEA Results at Mexican Hat Gold Project in S.E. Arizona

    GMV Minerals Inc. (the ‘Company’ or ‘GMV’) (TSXV:GMV)(OTCQB:GMVMF) is pleased to announce positive results from the updated Preliminary Economic Assessment (‘PEA’) study of the Mexican Hat Gold Project (the ‘Mexican Hat Project’), located in Cochise County, southeastern Arizona.

    A National Instrument 43-101 –Standards of Disclosure for Mineral Projects (‘NI 43-101’) compliant technical report (the ‘Report’) entitled ‘Updated NI 43-101 Technical Report Preliminary Economic Assessment, Mexican Hat Project’ with an effective date of August 8, 2025 will be filed on SEDAR+ at www.sedarplus.ca under the Company’s profile within 45 days of this news release. All amounts are stated in second quarter 2025 US dollars (US$).

    The Mexican Hat hosts a shallow oxide gold resource with excellent metallurgy and high recoveries, supported by a low strip ratio and minimal pre-stripping. Infrastructure is in place and the Mexican Hat Project demonstrates a robust NPV and IRR. With fast leach kinetics and low reagent consumption, the Company believes the Mexican Hat Project offers exceptional potential economics.

    Highlights:

      • Based on price sensitivity analysis at approximately the current price of US$3,350 per ounce of gold, the project returns a pre-tax IRR of 106.8% (after-tax 82.5%) and a pre-tax NPV at a 5% discount rate of US$767 million (after-tax US$538.1 million) with a payback period of 1.10 years (1.3 years after-tax).
      • Base Case mine life of 10 years with total production of 597,841 ounces, averaging approximately 60,000 ounces per year.
      • Crushed mineralized material will be conveyor stacked at a rate of approximately 10,000 tonnes/day on a conventional heap leach pad.
      • Capex: US$89,997,000 (including US$15.4 million contingency).
      • Opex: US$788 million LOM with Low LOM Strip Ratio of 2.05
      • Estimated cash cost of production is US$1,354 per ounce with an all-in-sustaining cost of $1,545 per ounce inclusive of sustaining capital and additional overhead support.
      • Engineering design analysis indicates the potential to increase pit size and contained ounces with increased gold prices.

      FINANCIAL INDICATORS

      The following table summarizes the financial indicators for the Mexican Hat Project for both before and after taxes.

      Financial Indicators Before Taxes

      Values

      NPV cash flow (undiscounted)

      US$537.7M

      NPV @ 5%

      US$390.2M

      IRR %

      66.1%

      Payback (years)

      1.53

      Financial Indicators After Taxes

      Values

      NPV cash flow (undiscounted)

      US$377.9M

      NPV @ 5%

      US$268.3M

      IRR %

      50.2%

      Payback (years)

      1.82

      GOLD PRICE SENSITIVITY TABLE (US$ MILLIONS)

      The following table summarizes the pre-tax and post-tax economic results to gold price sensitivity.

      Pre-Tax and Post-Tax Sensitivity to Gold Price

      -60%

      -45%

      -30%

      -15%

      Base

      +15%

      +34%

      +45%

      +60%

      US$/troy oz Gold

      1,000

      1,375

      1,750

      2,125

      2,500

      2,875

      3,350

      3,625

      4,000

      IRR (Pre-Tax)

      18.3%

      45.0%

      66.1%

      85.0%

      106.8%

      118.7%

      134.2%

      NPV @ 5% (Pre-Tax) US$M

      -274.7

      -108.5

      57.7

      224.0

      390.2

      556.4

      767.0

      888.9

      1,055.1

      IRR (Post-Tax)

      11.3%

      33.4%

      50.2%

      65.2%

      82.5%

      91.9%

      104.2%

      NPV @ 5% (Post-Tax) US$M

      -274.9

      -117.3

      25.8

      149.3

      268.3

      387.4

      538.1

      625.4

      744.4

      INITIAL CAPITAL EXPENDITURES (US$ MILLIONS)

      Initial capital expenditures are estimated at US$89,997,000 million as detailed below:

      OPERATING COSTS

      The mine operating costs were calculated to average $3.49 per tonne mined as summarized below.

      Mine Operating Cost Center

      Unit Cost (US$/t mined)

      Owner Mining Personnel

      $0.11

      Owner Supplies & Misc.

      0.03

      Contractor Mining

      3.35

      Total Cost (Rounded)

      $3.49

      The life-of-mine operating costs were calculated to average US$20.44/tonne resource processed as summarized below.

      Operating Cost

      Cost per Tonne of Crushed Material Processed (US$/t)

      Mining

      $10.60

      Processing

      $8.79

      G&A

      $1.05

      Total Site Operating Cost

      $20.44

      MINERAL RESOURCES

      An updated Mineral Resource Estimate prepared by DRW Geological Consultants Ltd., with an effective date of August 8, 2025, was used in the PEA. Details of the Mineral Resource Estimate can be found in the Report to be filed on SEDAR+ within 45 days of this release.

      Category

      Cut-off (g/t Au)

      Grade (Au, g/t)

      Tonnes

      Gold Oz

      Strip Ratio

      Inferred

      0.20

      0.58

      36,733,000

      688,000

      2.36
      • The Mineral Resource Estimate has been constrained to a preliminary optimized pit shell, using the following parameters: SG = 2.57 gm/cc based on testwork, mining costs = $3.00/tonne, mining recovery = 98%, mining dilution = 2%, process cost = $5.00 per tonne, G&A = $1.05 per tonne, gold price = $2,500 per troy ounce, throughput at 10,000 tpd., discount rate = 5%. A cost of $0.03 was added per bench to the mining cost below the existing level surface.
      • A top cut of 32 gpt gold is applied to all zones except Zone 6 which has a top cut of 50 gpt gold.
      • Mineral Resources have been calculated using the Inverse Distance Squared method.
      • Mineral Resources constrained to optimized pit shells are not Mineral Reserves and do not have demonstrated economic viability.
      • Conforms to NI 43-101, Companion Policy 43-101CP, and the CIM Definition Standards for Mineral Resources and Mineral Reserves. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Measured and Indicated Resources.
      • All numbers are rounded. Overall numbers may not be exact due to rounding.
      • There are no known legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources.

      MINE PLAN

      The mine plan is conceived as a conventional open pit tuck and shovel/loader operation. There are two independent pits which are developed with five-phase or pushback designs. Pit shells were designed using 6.0-meter benches with a catch bench installed every 18 meters. A bench face angle of 66° was used, resulting in an inner-ramp angle of 45° when catch benches were included. An 88% overall gold recovery has been used in this study, which was based on bottle roll and column leach test results. Base case haulage ramps are 26 meters wide and have a design gradient of 10%. Processing rates are based on a daily crushing rate of approximately 10,000 tonnes per day utilizing two stage crushing

      The mine and crushing will be operated by contractors with oversight by GMV mine management. The mine plan produces a nominal tonnage to the crushing and heap leach of 3,500 Ktonnes per year (10,000 tpd) from a total material movement of 93.8 Ktonnes for the life of mine (26,106 tpd LOM average).

      The PEA is preliminary in nature; it includes inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized. There is no Mineral Reserve at the Mexican Hat Project at this time. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Over the course of the mine life, 38.6 Mtonnes of Mineralized Resource is planned for processing out of a total material movement of 117.8 Mtonnes.

      INFRASTRUCTURE & PROCESS PLANT

      The Mexican Hat Project is located in the southeastern part of the State of Arizona, approximately 72 miles east-southeast of Tucson, and can be accessed from the Old Ghost Town Road., a gravel road extending south of the Town of Pearce or north from Gleeson Road.

      Groundwater will be used as the source of water for mining operations. No permitting restrictions or quantity issues are anticipated.

      A 69 kV powerline to site will be supplied by Sulphur Springs Valley Electric Cooperative from their power plant located 30 km north of the project site.

      The crushing plant will be operated by a contractor to produce a crushed product for heap leaching with a 25 mm top size. Pregnant solution from the heap leach will be processed in a conventional adsorption desorption recovery (ADR) plant. The process plant will produce doré gold bars.

      TECHNICAL REPORT AND QUALIFIED PERSONS

      The Report entitled Updated Preliminary Economic Assessment, Mexican Hat Project’, with an effective date of August 8, 2025 and which was prepared by the following Qualified Persons (as defined under NI 43-101), all of whom are independent of the Company, will be filed by the Company within 45 days of this release on www.sedarplus.com:

      • Mr. Brian Olson, Q.P., Samuel Engineering, Inc. (Metallurgical Test Work and Recovery, Process Plant and Process Operating Costs)
      • Mr. Steven Pozder, P.E., Samuel Engineering, Inc. (Project Economics and Infrastructure)
      • Dr. Dave Webb, Ph.D., P.Eng., P.Geo., DRW Geological Consultants Ltd. (Mineral Resource Estimate, Property Description and Location, Accessibility, Climate, Local Resource, Infrastructure and Physiography, History, Geological Setting and Mineralization, Deposit Types, Exploration, Drilling, Sample Preparation, Analysis and Security, Data Verification).
      • Mr. Thomas L. Dyer, P.E., RESPEC LLC. (Mine Design, Production Schedule, Capital and Operating Costs)
      • Mr. Francisco J. Barrios, P.E., BBA Consultants International LP (Pad Design and Loading)
      • Ms. Dawn Garcia, CPG, PG, Stantec Consulting Services Inc. (Environmental)

      All Qualified Persons have contributed to their corresponding sections in Interpretation, and Recommendations. The Qualified Persons have reviewed and approved the scientific, technical, and economic information obtained in this news release.

      For a description of the data verification process and limitations, underlying assumptions and the results of surveys and quality assurance program regarding exploration information, please refer to the Company’s existing NI 43-101 Technical Report filed on SEDAR+ entitled ‘Preliminary Economic Assessment, Mexican Hat Project’ with an effective date of October 20, 2020.

      Ian Klassen, President & CEO remarked that ‘The robust PEA confirms our contention that the project’s strong economic potential de-risks the development pathway, providing a solid foundation for advancement. The results validate the open-pit, heap-leach concept, demonstrate excellent metallurgy and recoveries, and outline a simple mining and processing strategy. With high margins, rapid payback, and straightforward engineering, the PEA positions the project well for the future, where detailed design, capital optimization, and permitting can advance with confidence.’

      2025-2026 Forward Looking Plan

      The Mexican Hat Project PEA economics justify continued investment in project development. The forward-looking plan for Mexican Hat includes work required to advance the project through Feasibility Study and into the permitting process.

      These tasks include:

      • Approx. 7000 meters of in-fill drilling to increase confidence in the current geological understanding and mineral resource estimation to sufficient level to support mineral reserve development
      • Metallurgical column, hardness, and grinding tests to further optimize and improve heap leach gold recovery, and to provide information for feasibility design work
      • Performing a trade-off study for self-mining and crushing versus contract mining and crushing
      • Geotechnical drilling and analysis to optimize pit slope design parameters
      • Conduct base-line water sampling, and update of hydrologic, cultural, and environmental studies for permitting

      About GMV Minerals Inc.

      GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat Project, located in Cochise County, Arizona, USA. The project was initially explored by Placer Dome (USA) in the late 1980’s to early 1990’s. GMV is focused on developing the asset and realizing the full mineral potential of the property through near term gold production.

      PEA Information and Cautionary Note Regarding Inferred Mineral Resources

      The mine plan evaluated in the PEA is preliminary in nature and includes Inferred Mineral Resources, as defined by NI 43-101 that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be converted to Mineral Reserves. Additional drilling and technical studies will need to be completed in order to fully assess its viability. There is no certainty that a production decision will be made to develop the Mexican Hat Project or that the economic results described in the PEA will be realized. Mine design and mining schedules, metallurgical flow sheets and process plant designs will require additional detailed work and economic analysis and internal studies to ensure satisfactory operational conditions and decisions regarding future targeted production.

      Cautionary Note to U.S. Investors

      The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this report, such as ‘measured,’ ‘indicated,’ ‘inferred,’ and ‘resources,’ that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC.

      Cautionary Statement Regarding Forward-Looking Information

      This news release includes certain ‘forward-looking information’ under applicable Canadian securities legislation. Forward-looking information include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking information may be identified by such terms as ‘believes’, ‘anticipates’, ‘expects’, ‘estimates’, ‘may’, ‘could’, ‘would’, ‘will’, or ‘plan’. Forward-looking information contained in this news release include, but are not limited to, statements or information with respect to: the results of the PEA, including the IRR and NPV, life of mine and production, capital and operating expenditures, cost estimates; permitting restrictions, and the mine plan, including infrastructure requirements and future plans; the filing of the PEA, including timing thereof, mineral resources; and future gold prices. Since forward-looking information are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties as described in the Company’s filings with Canadian securities regulators. Assumptions upon which forward-looking information contained in this news release is based, without limitation, include: results of future exploration; gold prices; accuracy of the results of the PEA, including key assumptions and methods used to determine mineral resources and the results of the PEA; the ability to obtain required permits and approvals; the ability to execute future plans; exchange rates; ability to obtain funding; and changes in regulatory or community environment; Risks, and uncertainties include: results of further exploration; risks related to mineral tenure, permits and approvals; risks related to the execution of future plans; changes in gold price and exchange rates; risks related to obtaining financing; foreign country risks; regulatory risks and liabilities; and those risks and uncertainties as further described in the Company’s filings with Canadian securities regulators which can be found on SEDAR+ at www.sedarplus.ca under the Company’s profile. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

      Dr. D.R. Webb, Ph.D., P.Geo., P.Eng. is the Q.P. responsible for this release within the meaning of NI 43-101 and has reviewed the technical content of this release and has approved its content.

      ON BEHALF OF THE BOARD OF DIRECTORS

      Ian Klassen, President
      For further information please contact:
      GMV Minerals Inc.
      Ian Klassen
      Tel: (604) 899-0106
      Email: info@gmvminerals.com

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

      Source

      Click here to connect with GMV Minerals Inc. (TSXV:GMV)(OTCQB:GMVMF) to receive an Investor Presentation

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      Top 3 Canadian Graphite Stocks of 2025

      Graphite prices have experienced volatility recently due to bottlenecks in demand for electric vehicles.

      One major factor experts are watching right now is the trade war between China and the US.

      China introduced export restrictions on certain graphite products on December 1, 2023, making it a requirement for Chinese exporters to apply for special permits to ship the material to global markets. In July 2024, the Trump administration in the US announced it would raise tariffs on battery-grade graphite imports from China to 93.5 percent.

      Another trend shaping the graphite market in 2025 has been increasing substitution of natural graphite with synthetic in battery anode production; this comes in response to Chinese exports restrictions and US tariffs on natural graphite.

      This has led to much lower prices for natural graphite, and against that backdrop, many Canadian graphite stocks have trended down. However, several graphite-focused companies have seen strong performances this year.

      Below is a look at the year’s best-performing graphite stocks on the TSXV and CSE; TSX companies were considered, but none made the cut this time. Data was obtained on July 29, 2025, using TradingView’s stock screener, and all companies listed had market caps above C$10 million at that time. Read on to learn more about their work this year.

      1. HydroGraph Clean Power (CSE:HG)

      Year-to-date gain: 384.21 percent
      Market cap: C$282.81 million
      Share price: C$0.99

      HydroGraph Clean Power produces cost-effective, high-purity graphene, hydrogen and other strategic nanomaterials.

      Graphene, a pure carbon material extracted from graphite, has myriad potential applications in industries such as transport, solar cells, medicine, electronics, energy, defense and desalination. HydroGraph has an exclusive license from Kansas State University to produce graphene and hydrogen through the organization’s patented detonation process.

      Much of HydroGraph’s news flow in 2025 has centered on strategic partnerships.

      Results from a research study conducted with Arizona State University were released in January, demonstrating that the company’s HydroGraph’s Fractal Graphene is well suited for ultra-high-performance concretes and 3D-printed structures. In February, HydroGraph announced a technical collaboration with an unnamed global leader in synthetic fiber manufacturing to assess the potential of its graphene technology in high-performance fiber applications.

      The following month, HydroGraph shared the launch of a line of advanced graphene dispersions developed in collaboration with battery materials and testing services company NEI. The products have the potential to be used to produce high-performance electrodes for use in energy storage solutions.

      The company signed a letter of intent in April that could lead to a leading North American industrial gas supplier providing it with access to large volumes of high-purity acetylene. This is an essential material in HydroGraph’s patented detonation synthesis process. Acquiring this feedstock will help the firm advance its plans to build a new graphene production facility in Texas with the capacity to produce over 350 metric tons of graphene annually.

      HydroGraph launched its Compounding Partner Program in July with the goal of attaining commercial-scale production of its high-performance Fractal Graphene in thermoplastics. According to the company, initial certified partners are testing new formulations in the automotive and packaging sectors.

      After trading in a range of C$0.22 to C$0.35 for much of the year, shares of HydroGraph jumped nearly 300 percent in a matter of days to reach a year-to-date high of C$0.99 on July 29.

      2. Black Swan Graphene (TSXV:SWAN)

      Year-to-date gain: 107.35 percent
      Market cap: C$60.02 million
      Share price: C$1.41

      Black Swan Graphene describes itself as an emerging powerhouse in the bulk graphene business.

      The company is a spinout of Mason Resources (TSXV:LLG,OTCQX:MGPHF), which owns the Uatnan graphite project in Québec and holds a 39 percent stake in Black Swan. Graphite from Uatnan is used to supply Black Swan.

      UK-based global chemicals manufacturer Thomas Swan & Co. holds a 15 percent interest in Black Swan, and brings a portfolio of patents and intellectual property related to graphene production. Through this partnership, Black Swan is building out a fully integrated supply chain of mine-to-graphene products.

      Black Swan’s share price traded sideways for much of the year before benefiting greatly from a summer surge. Shares of Black Swan reached their highest year-to-date price of C$1.52 on July 23.

      This followed a series of positive news items concerning progress on increasing commercial output. On June 3, Black Swan announced the installation of an additional production unit at its operational facility in the UK. It is working to more than triple its annual production capacity from 40 metric tons of high-quality graphene to 140 metric tons.

      Later in the month, the company signed a non-exclusive distribution and sales agreement with Indian specialty materials and polymers supplier METCO Resources. The agreement will allow METCO to “distribute and promote Black Swan’s graphene nanoplatelets and GEM advanced masterbatch products to customers across India’s industrial, packaging, automotive, and construction sectors,” as per a press release.

      Black Swan made another key announcement in the following month. On July 9, the market learned the company had secured a US patent for its breakthrough continuous graphene production process.

      3. Focus Graphite Advanced Materials (TSXV:FMS)

      Year-to-date gain: 100 percent
      Market cap: C$12.26 million
      Share price: C$0.135

      Focus Graphite Advanced Materials is both a graphite miner and a battery technology company. Its wholly owned flagship Lac Knife high-grade crystalline flake graphite project is located in Northeastern Québec.

      With a completed feasibility study, Lac Knife is one of North America’s most advanced graphite deposits. The company also holds Lac Tétépisca, the highest-purity graphite project in Québec.

      In terms of battery technologies, Focus Graphite has a patent-pending proprietary silicone-enhanced spheroidized graphite technology that is designed to enhance battery performance and efficiency.

      In late May, definition drilling at Lac Tétépisca led to an extension of the strike length of the mineralized zone to over 6 kilometers, while preliminary metallurgical testing confirmed the quality of the project’s flake graphite.

      In mid-June, the company said thermal purification testing on Lac Knife flake graphite completed by American Energy Technologies Company had resulted in refined concentrate to a purity level of 99.999 percent carbon.

      “This milestone underscores Focus Graphite’s potential to supply ultra-high-purity graphite material for nuclear energy applications, a market historically dominated by synthetic graphite and limited to a small cohort of qualifying producers,” states the company’s press release.

      Shares of Focus Graphite hit their highest year-to-date value of C$0.17 on June 17.

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

      This post appeared first on investingnews.com

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      Zinc Stocks: 4 Biggest Canadian Companies in 2025

      The price of zinc was on the rise in 2024, but this year has been a different story. The metal’s value has trended down for most of 2025 on the back of increased supply and weakening demand.

      Many base metals have taken hit from lagging demand in recent years due to sticky inflation and higher interest rates, and zinc is no exception. Zinc supply has also faced pressure from higher mining and refining costs, causing some major zinc mines and smelters to suspend operations, with more possible if the current economic situation continues.

      With its important role in the steel manufacturing process, the zinc market is heavily influenced by international trade. One area of support in the last few months has been turmoil caused by the US-China trade war and tariff threats .

      Data was gathered on July 30, 2025, using TradingView’s stock screener, and only zinc stocks with market caps greater than C$50 million at that time were considered. Read on to learn more about their operations and plans.

      1. Teck Resources (TSX:TECK.A,TSX:TECK.B)

      Market cap: C$22.01 billion
      Share price: C$45.04

      Teck Resources is a major global polymetallic miner, as well as one of the world’s top zinc producers.

      The Vancouver-headquartered company produced 615,900 metric tons (MT) of zinc in concentrate in 2024, with 555,600 MT coming from its Red Dog zinc mine in Alaska. The remaining 60,300 MT came from Teck’s 22.5 percent share of zinc production from the Peru-based Antamina copper-zinc mine.

      Teck’s total 2025 production guidance for the base metal is set in a range of 525,000 to 575,000 MT. As of June 30, the company’s zinc production for the year totaled 384,000 MT.

      In addition to the sites mentioned, Teck owns the Trail operations, which it describes as ‘one of the world’s largest fully integrated zinc and lead smelting and refining complexes.’ Located in BC, Canada, the Trail operations produced 256,000 MT of refined zinc in 2024, with 190,000 to 230,000 MT of the material expected in 2025.

      Teck pays a quarterly dividend. On September 29, it will pay out a dividend of C$0.125 per share.

      2. Fireweed Metals (TSXV:FWZ)

      Market cap: C$485.11 million
      Share price: C$2.32

      Fireweed Metals is a critical metals company whose flagship Macmillan Pass zinc project is located in Canada’s Yukon. In 2023, the company acquired the Gayna River zinc project in the Northwest Territories, as well as the Mactung tungsten project, which is adjacent to Macmillan Pass and straddles the border between Yukon and the Northwest Territories. According to Fireweed, Mactung ‘hosts the world’s largest high-grade tungsten deposit.’

      Even with these new assets, the company still has a strong focus on Macmillan Pass. In fact, in November 2023, the Fireweed team, led by Dr. Jack Milton, the firm’s vice president of geology, received the Association for Mineral Exploration’s H.H. “Spud” Huestis Award for its work at the Macmillan Pass property.

      Fireweed’s best drill intersection to date from Macmillan Pass’ Boundary zone includes 143.95 meters true width at 14.45 percent zinc, including 28.71 meters at 25.52 percent zinc. In September 2024, after its largest regional exploration campaign ever at Macmillan Pass, the company released an updated resource estimate for the Tom and Jason deposits, as well as inaugural resource estimates for the Boundary zone and End zone deposits.

      Fireweed launched its 2025 field program in early June, saying it will include 12,000 meters of diamond drilling at Macmillan Pass. The work will target ‘both high-priority regional prospects and step-outs around known zinc-lead-silver-gallium-germanium deposits,’ according to a press release.

      3. Trilogy Metals (TSX:TMQ)

      Market cap: C$405.68 million
      Share price: C$2.47

      Trilogy Metals is focused primarily on copper, zinc and cobalt at its Alaskan Upper Kobuk projects, which are held by Ambler Metals, a joint venture operating company owned equally by Trilogy and South32 (ASX:S32,OTC Pink:SHTLF).

      Its most advanced zinc project is the Arctic copper-zinc-lead-gold-silver volcanogenic massive sulfide project, which is in the feasibility stage and has proven and probable reserves of 43.44 million MT grading 3.12 percent zinc.

      In addition, early stage 2023 field work at the company’s wholly owned Helpmejack project in Alaska’s Ambler schist belt outlined two target areas prospective for volcanogenic massive sulfide and shale-hosted zinc deposits.

      Trilogy had been focusing on improving access to the region with its Amber Access project, but it was rejected by the US Bureau of Land Management under the Biden administration in June 2024 due to the impact the proposed road could have on the environment and communities in the region, which have seen little development.

      However, under the Trump administration, a series of executive and secretarial orders focusing on developing Alaska’s natural resources have been enacted that could reverse this decision.

      “Recent actions taken by President Donald Trump and Interior Secretary Doug Burgum signal a positive path forward for the Ambler Road,’ Trilogy Metals President and CEO Tony Giardini said. ‘This transportation corridor is crucial not only for providing access to the minerals that are vital to U.S. national security and prosperity, but also for much-needed economic growth and job creation in Alaska. Trilogy Metals is committed to working with all stakeholders on progressing the road, to unlock the vast natural resource potential of the Ambler Mining District.”

      4. Emerita Resources (TSXV:EMO)

      Market cap: C$317.02 million
      Share price: C$1.20

      Emerita Resources has a portfolio of high-grade, large-scale polymetallic projects covering more than 26,000 combined hectares in Spain’s Iberian Pyrite Belt. The company’s flagship asset is the Iberian Belt West project, which hosts three massive sulfide deposits: La Infanta, La Romanera and El Cura.

      Emerita released a resource estimate for Iberian Belt West in May 2023. It finished environmental baseline studies the following month, and completed supporting documentation for its mining license application in December 2023.

      In July 2024, the Andalusian government granted Iberian Belt West a declaration of strategic interest, which will streamline the process of moving the project through development.

      Phase 2 metallurgical testing results for the La Romanera and La Infanta deposits released in late 2024 show that commercial-grade copper, lead and zinc concentrates can be obtained from both deposits.

      In March of this year, Emerita announced an updated resource estimate for Iberian Belt West, showing a 35 percent increase to the total indicated mineral resource tonnage and a 44 percent increase in total inferred mineral resource tonnage. Also this year, Emerita made the cut for the latest TSX Venture 50 list.

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

      This post appeared first on investingnews.com

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      Crypto Market Update: World Liberty Announces US$1.5 Billion Crypto Treasury, Bullish Surges on IPO

      Here’s a quick recap of the crypto landscape for Wednesday (August 13) as of 9:00 p.m. UTC.

      Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

      Bitcoin and Ethereum price update

      Bitcoin (BTC) was priced at US$122,444, up by 2.6 percent over the last 24 hours, and its highest valuation of the day. It briefly dropped to its lowest valuation of $120,414 shortly after the opening bell.

      Bitcoin has found itself at the crossroads of macroeconomic data, political influence and shifting capital flows. Inflation statistics and central bank dynamics have introduced caution, while stablecoin activity and institutional appetite are hinting at a redistribution into altcoins.

      Bitcoin price performance, August 13, 2025.

      Chart via TradingView.

      Meanwhile, Ethereum (ETH) continued to rally, up by 4.5 percent to US$4,716.60. The cryptocurrency’s lowest valuation on Wednesday was US$4,638.43, and its highest was US$4,738.59.

      Glassnode notes that ETH is a bellwether for altcoins, and its current move as capital continues to flow into exchange-traded funds suggests further upside. In an X post on Wednesday, Charles Edwards, founder of crypto quantitative digital asset fund Capriole Investments, shared data showing that 75 percent of Coinbase Global’s (NASDAQ:COIN) volume came from institutional players on Tuesday (August 12).

      He pointed to the outlook for interest rates following the release of July inflation data.

      Altcoin price update

      • Solana (SOL) was priced at US$200.74, up by 6.1 percent over 24 hours, and its highest valuation of the day. Its lowest valuation was US$195.81.
      • XRP was trading for US$3.27, up 0.1 percent in the past 24 hours and at its highest valuation of the day. Its lowest was US$3.24.
      • Sui (SUI) was trading at US$3.99, up by 2.3 percent over the past 24 hours, and its highest valuation of the day. Its lowest level was US$3.93.
      • Cardano (ADA) was trading at US$0.8827, up by 4.6 percent over 24 hours, and its highest valuation on Wednesday. Its lowest was US$0.8660.

      Today’s crypto news to know

      World Liberty Financial sets up US$1.5 billion crypto treasury

      World Liberty Financial, a digital asset venture backed by US President Donald Trump and his sons, has announced plans to establish a US$1.5 billion “crypto treasury” in partnership with ALT5 Sigma (NASDAQ:ALTS).

      Under the deal, ALT5 will raise US$1.5 billion through the sale of its own shares. The funds will go toward the purchase of World Liberty’s in-house token, $WLFI, and will also be used to set up a crypto treasury, settle litigation, pay down debt and for other corporate uses. It will ultimately hold about 7.5 percent of $WLFI tokens.

      Unnamed institutional investors and venture capital firms participated in the share sale. Crypto treasury models have grown in popularity this year amid a friendlier US regulatory stance under the Trump administration.

      The project’s leadership is heavily tied to the Trump family, with Trump himself listed as “co-founder emeritus,” and Eric, Donald Jr. and Barron Trump holding co-founder titles.

      As part of the arrangement, Eric Trump will join ALT5’s board and Zach Witkoff will serve as its chair.

      Bullish shares surge on NYSE debut

      Bullish (NYSE:BLSH), the parent company of Bullish Exchange and CoinDesk, began trading on the New York Stock Exchange on Wednesday. Shares were priced at US$37 each, an increase from an earlier target of US$33, with 30 million on offer to raise US$1.1 billion and value the company at nearly US$5.4 billion.

      Shares surged as much as 218 percent to reach US$118 on trading volume of roughly 38 million shares, before pulling back to close at US$70.65. The initial public offering pushed the company’s market cap above US$10 billion.

      Banking groups push for stablecoin loophole closure

      US banking groups, led by the Bank Policy Institute (BPI), are urging Congress to close a loophole that allows stablecoin issuers to indirectly offer yields through affiliates. They argue that while new stablecoin laws prevent issuers from directly offering yield, they don’t prohibit crypto exchanges or affiliated businesses from doing so.

      The groups contend that this circumvents the law and could lead to a US$6.6 trillion outflow of deposits from traditional banks, potentially disrupting credit flow to American businesses and families.

      Banks are concerned that yield-bearing stablecoins undermine their ability to attract deposits, which are crucial for backing loans. The offering of yield is a significant marketing draw for stablecoins, with some, like USDC, already rewarding holders on exchanges such as Kraken and Coinbase (NASDAQ:COIN).

      Safe harbor programs proposed for DeFi

      In a Wednesday letter, Andreessen Horowitz (a16z) and the DeFi Education Fund asked the US Securities and Exchange Commission (SEC) and Hester Peirce, head of the commission’s Crypto Task Force, to set up a safe harbor program from broker-dealer registration requirements for non-fungible token (NFT) and DeFi applications.

      The group said the letter was a follow up to Trump’s Working Group on Digital Assets, which called on the SEC to give certain DeFi service providers relief from registration provisions under the Exchange Act, specifically those related to broker-dealers, exchanges and clearing agencies. SEC Chair Paul Atkins also directed staff to update “antiquated agency rules and regulations” for certain crypto and blockchain applications in July.

      To avoid enforcement actions, a safe harbor provision would exempt some companies that offer crypto-related products and services from enforcement actions. a16z has sent two previous letters to the commission this year recommending safe harbors for NFTs, airdrops and network tokens.

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

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

      This post appeared first on investingnews.com

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