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The Supreme Court revealed on Wednesday that Ghislaine Maxwell’s appeal to her sex trafficking conviction will be among the many cases the high court reviews at a closed-door conference in September.

The Supreme Court posted a brief notice indicating it plans to examine a petition from Maxwell, Jeffrey Epstein’s former girlfriend and associate, on Sept. 29, marking the first time the justices will have her case before them. The public could learn whether the high court plans to review Maxwell’s case within days or weeks of that date.

If the Supreme Court were to deny Maxwell’s petition, she would have no appeal options left. If the high court were to grant it, that means it would review Maxwell’s arguments that she was improperly prosecuted.

Maxwell was convicted by a jury in New York in 2021 of five counts involving sex trafficking of a minor and conspiracy and sentenced to 20 years in prison.

She appealed her conviction, arguing it should be tossed out because a plea deal Epstein reached with the federal government in 2007 immunized her and statutes of limitations for her actions had lapsed.

Maxwell’s case has reentered the spotlight in recent weeks after the Department of Justice (DOJ) and FBI revealed that they had reviewed Epstein’s case files and found no further information that they could release to the public. The DOJ and FBI also said they uncovered no further evidence that would allow them to bring investigative action against figures who may have been associated with Epstein, a wealthy financier and registered sex offender who died in 2019 while in prison awaiting trial.

However, the administration faced intense blowback from MAGA supporters who felt Trump appointees, including Attorney General Pam Bondi and FBI Director Kash Patel, were reneging on promises to unveil revelatory information about Epstein’s case.

Trump, who was among the many prominent figures who once socialized with Epstein, said the topic was ‘sordid’ but ‘boring’ and dismissed questions about it. However, in the face of building pressure, the president demanded the DOJ take more action to release files.

The Supreme Court signaling that it will review Maxwell’s case comes at a delicate moment.

After Trump’s demands, the department asked the court to release a limited and redacted batch of documents from the grand juries’ indictments of Epstein and Maxwell. Then, DOJ Deputy Attorney General Todd Blanche met with Maxwell in Tallahassee, Florida, where she is serving her prison sentence, and questioned her for two days. 

Blanche’s motives for the meeting remain unclear.

Maxwell’s attorney, David Markus, told reporters after the meeting that it marked the ‘first opportunity she’s ever been given to answer questions about what happened.’  She answered questions about ‘maybe about a hundred different people, and she didn’t hold anything back,’ Markus said. He said they had not ‘yet’ approached Trump about clemency. The president recently said, when asked by a reporter about the matter, that he is ‘allowed’ to give Maxwell a pardon but that he had not considered it at this stage.

The House Oversight Committee has also moved to pull back the curtain on Epstein’s case by subpoenaing Maxwell to testify before the panel.

Maxwell’s attorney responded by saying she would need full immunity to testify and that she wanted to wait until after the Supreme Court responded to her petition.

This post appeared first on FOX NEWS

Israel-supporting Democratic Rep. Ritchie Torres revealed on Tuesday he no longer has a relationship with some of his family due to his support for Israel. 

‘I’ve lost friends, all of you have lost friends there,’ he told a room full of Jewish students at the Israel on Campus Coalition Summit on Tuesday. ‘I’m no longer on speaking terms with with certain members of my family.’

Torres’ deep support for Israel has put him at odds with progressives in his party — but the New York Democrat has only recently begun to express frustration with the Jerusalem government. 

‘No offense, but there are moments when I feel like the Israeli government has the worst PR operation that I’ve ever seen,’ he told a room full of Israel-supporting students at the Israel on Campus Coalition Summit, some of whom applauded the remark. 

‘If I have like a normal constituent who comes to me, is not anti-Israel, is not anti-Semitic, but expresses this concern about hunger in Gaza, I cannot tell her there’s no issue,’ he said. ‘I cannot deny it. I cannot downplay that.’

The Hamas-run Gaza Health Ministry reports that 60,000 Palestinians have died as a result of Israel’s offensive campaign in Gaza to eradicate Hamas, and 154 have died from lack of food. President Donald Trump this week acknowledged there’s ‘real starvation’ in Gaza due to food shortages.  

Torres said that while he doesn’t hold Israel responsible for that starvation, ‘I feel like we should be doing everything we can to ease the human suffering in Gaza.’

He claimed that Israel is held to a ‘double standard’ because ‘no other country has been and has been expected to deliver food to its adversaries.’ 

Aid has been trickling into Gaza through the Israel-partnered Gaza Humanitarian Fund, which, since operations began on May 27, the group says has delivered more than 97 million meals. 

That ‘definitely contradicts the narrative that there’s a deliberate policy of starvation,’ Torres said. 

However, Israeli forces guard distribution sites, and the United Nations — which opposes GHF — claims over 1,000 Palestinians have died seeking aid through the group. GHF, in turn, argues the U.N.’s aid distribution has been entirely ineffective: U.N. data shows that only 8% of U.N. aid has reached its destination without being looted in the last 10 weeks, according to a Reuters report.

Israel has said there is no widespread famine in Gaza, asserting photos are misleading or of isolated cases, but has started to pause fighting in large swathes of the strip for 10 hours a day to allow for a surge of aid by land and air. 

A ceasefire and hostage deal has so far evaded Israel and Hamas leadership. White House envoy Steve Witkoff is on his way to Israel for negotiations as of Wednesday, Axios reported. 

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Sen. Bernie Sanders, I-Vt., plans to force a vote on banning arms sales to Israel, a move that will prove to be a test for Senate Democrats whose position on the Jewish state has shifted in recent weeks.

Sanders, an independent who routinely caucuses with Senate Democrats, announced he would force a vote on a pair of resolutions to block the $675 million sale of thousands of bombs and guidance kits for the bombs and to halt the sale of ‘tens of thousands’ of automatic rifles to Israel.

‘U.S. taxpayers have spent tens of billions of dollars in support of the racist, extremist Netanyahu government,’ Sanders said in a statement. ‘Enough is enough.’

It’s not the first time Sanders has pushed to block arms sales or military aid to the Jewish state. Since December 2023, just months after the conflict between Israel and Hamas began, the lawmaker has either introduced or forced votes on resolutions five times, each intended to block military aid and billions of dollars in munitions and arms.

His latest attempt comes after photos revealed starving children in Gaza, which he squarely blamed on Israeli Prime Minister Benjamin Netanyahu.

‘The time is long overdue for Congress to use the leverage we have — tens of billions in arms and military aid — to demand that Israel end these atrocities,’ he said.

The vote, expected late Thursday, comes as Senate Democrats have undergone a tonal shift on Israel since the events of Oct. 7, 2023, when Hamas executed a brutal attack on Israeli soil.

Sanders’ last attempt earlier this year that sought to block over $8 billion in arms sales, saw 15 Senate Democrats vote for it, while all Senate Republicans voted against it. Though the resolutions are likely to fail as his previous attempts have, more Democrats are expected to vote alongside him. 

Earlier this week, 40 Senate Democrats wrote to Secretary of State Marco Rubio and U.S. Special Envoy to the Middle East Steve Witkoff and called on the administration to push for ‘a large-scale expansion of humanitarian assistance and services throughout the Gaza Strip.’

Senate Republicans have largely blamed the reported conditions in Gaza on Hamas, with some calling for more food aid making its way into the Gaza Strip. President Donald Trump vowed that more food centers, administered by Israel, would be coming.

Senate Majority Leader John Thune, R-S.D., said he shared Trump’s view and that there was a desire to ‘meet that need and alleviate that pain.’

‘But you got to understand, too, that when you got a terrorist group like Hamas operating in that region, they intercept and divert a lot of that food aid that’s going in there,’ he said. ‘That’s the challenge that the Israelis have. That’s the challenge that we have and other nations around the world.’ 

This post appeared first on FOX NEWS

President Donald Trump and several key health advisors in his Cabinet held a formal event Wednesday at the White House unveiling new efforts to improve healthcare technology and partnerships with private-sector technology companies. 

The ‘Make Health Tech Great Again’ event laid out a new voluntary commitment from several major tech and tech-healthcare firms aimed at developing a better process for digital health record sharing, which Trump admin officials said would ultimately improve health outcomes for Americans. In addition to the commitment, the new health tech efforts will also include the development of personalized tools meant to help patients obtain greater control of their health information to make more informed decisions.

‘For decades, America’s healthcare networks have been overdue for a high-tech upgrade, and that’s what we’re doing. The existing systems are often slow, costly, and incompatible with one another,’ Trump said from the White House during the Wednesday afternoon event. ‘But with today’s announcement, we take a major step to bring health care into the digital age, something that, is absolutely vital. We’ve got to do it. Moving from clipboards and fax machines into a new era of convenience, profitability and speed and, frankly, better health for people.’

The event announcing the Trump administration’s plan to advance a ‘next-generation digital health ecosystem,’ was attended by representatives of companies, including Apple, Google, Samsung, Amazon, OpenAI, Anthropic, Epic, Oracle, Athena Health, and Noom, who will be participating in the voluntary pledge aimed at improving health record sharing. As part of the pledge, the companies will ‘voluntarily’ share information with each other, according to Health Secretary Robert F. Kennedy Jr., also present at the Wednesday event. 

‘For decades, bureaucrats and entrenched interests buried health data and blocked patients from taking control of their health,’ Department of Health and Human Services Secretary Robert F. Kennedy, Jr. said in a statement Wednesday ahead of the event. ‘That ends today. We’re tearing down digital walls, returning power to patients, and rebuilding a health system that serves the people. This is how we begin to Make America Healthy Again.’

The Trump administration is partnering with more than 60 companies to bolster how health information is shared electronically, including through the use of apps, and beef up the interoperability of health information networks, according to the Centers for Medicare & Medicaid Services (CMS). 

The apps aim to address issues including diabetes and obesity management, and provide beneficiaries with AI assistants to walk through symptoms, provide care options, and assist with scheduling appointments. Other functions that the technology aims to solve are providing digital check-ins to streamline services and cut down on paper intake forms. 

‘It gives [patients] a sense of responsibility and allows them to measure the interventions if they change their diet, if they change their exercise, it can show you how many steps you took today, it can tell you if your glucose is spiking, and all of that information will now be available to American citizens,’ Kennedy said Wednesday. 

The White House event is a follow-up to the request for information notice that the CMS posted in May requesting information from stakeholders on ways to beef up health technology interoperability. 

Other technological advances on the health front include plans for CMS to launch an app library on Medicare.gov to best direct beneficiaries to the right digital health tools, according to CMS. 

‘The average Americans are tired. They’re tired of waiting for a doctor’s appointment. They’re tired of waiting for the surprise of what your hospital bill is going to offer. That’s being addressed,’ CMS Administrator Dr. Mehmet Oz added Wednesday. 

‘They’re tired of waiting for access to their medical records. You own your medical records, they’re yours. Why you can’t have access to them is a stunning reality in modern-day America,’ Oz continued. ‘They’re also tired of waiting for Washington to take action. And this president early on emphatically stated that wasn’t going to happen anymore. And today we made that vision into a reality.’

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A member of former President Joe Biden’s inner circle sat with House Oversight Committee investigators for a marathon closed-door interview that lasted more than eight hours on Wednesday.

Steve Ricchetti, who served as counselor to the president for all four years of Biden’s term, was described as ‘combative and defensive’ during his voluntary meeting, a source familiar with the sitdown told Fox News Digital.

The source described Ricchetti as defiant in the face of doubts about Biden’s mental acuity, though he ‘admitted that they all knew President Biden’s age was an issue and were dealing with it as a political matter,’ they said.

‘Mr. Ricchetti stated that he believed President Biden had the ability to be president and that he was performing the capacity of president every day. He believes that Joe Biden is capable to being president today, and that he could have won in 2024,’ the source told Fox News Digital.

Ricchetti, a longtime Democratic operative and lobbyist, first began working for Biden in March 2012 when he was appointed counselor to the vice president under former President Barack Obama. He was elevated to be Biden’s chief of staff in December 2013.

He touted his closeness to Biden over the last 13 years, the source said, and described having personal relationships with former first lady Jill Biden and Hunter Biden as well.

Ricchetti’s own children were also close to the White House during Biden’s tenure – at least three of them had jobs in the Democratic administration at some point.

House Oversight Committee Chairman James Comer, R-Ky., is investigating whether Biden’s top White House aides concealed signs of mental decline in the president, and if that meant executive actions were signed via autopen without his knowledge.

Ricchetti is the seventh ex-Biden aide to come in, but just the fourth to appear on voluntary terms. Former White House doctor Kevin O’Connor and former White House aides Annie Tomasini and Anthony Bernal all pleaded the Fifth Amendment to avoid answering questions.

Ricchetti told investigators that he was not involved in O’Connor’s physical evaluation letters for Biden, ‘but he did have conversations with senior staff on how to communicate and present President Biden’s physical evaluation letters,’ the source told Fox News Digital.

He also defended Biden’s frequent gaffes, describing them as ‘common mistakes’ that anyone could make, the source said.

‘He said the frequency of these mistakes have not increased since Joe Biden was vice president,’ the source said.

The majority of questioning during the eight-hour session came from Republicans – the source said Democrats frequently attempted to change the topic to discuss President Donald Trump.

Ricchetti said nothing to reporters when leaving the meeting on Wednesday evening.

No lawmakers were present for the sitdown, as is usually the case with such transcribed interviews.

Fox News Digital reached out to Ricchetti’s attorney for comment but did not hear back by press time.

This post appeared first on FOX NEWS

If you haven’t heard the name Sydney Sweeney before, odds are you definitely know her name now if you consume any news at all. American Eagle featured the actress in their new ad campaign that kicked off last week, and liberal women lost their ever loving minds. 

What triggered their spiral this time? Sydney has ‘good genes’ and she’s wearing ‘jeans.’

Outrageous, I know.

This good genes/jeans word play game, well it’s a whole lot of Nazi propaganda with some racism thrown in and linked to eugenics. 

If you’re not a White liberal woman, I’ll try to simplify. In liberal math, good genes + jeans = Nazi. 

I know, that wasn’t on our flashcards growing up. 

The next time you compliment a friend on her looks, resist the urge to mention good genes. Sally down the street will think you’re calling her a Nazi, when really you just want to know what face cream she’s using.

If the good genes/jeans word play were a clue on ‘Jeopardy!’ liberals would answer: ‘I’ll take Sydney Sweeney is a Nazi for $1,000, with a side of eugenics and white supremacy.’ 

Let’s ask the politically incorrect elephant in the room question — If you’re putting a large chunk of money behind an ad to sell jeans targeted at Gen Z, are you going to put someone with good genes or bad genes in front of the camera?

To quote ‘The Godfather’ — ‘It’s not personal, it’s strictly business.’ 

It also doesn’t surprise me that the perpetually outraged liberal and mostly women who have piled on over this campaign seem to ignore one more fact. According to Fox News, ‘100 percent of net proceeds from Sweeney’s ‘Sydney Jean’ – which is embroidered with a butterfly to represent domestic violence awareness – will be donated to Crisis Text Line, a nonprofit that provides free and confidential text-based mental health support and crisis intervention.’ That sure doesn’t sound like Nazis and eugenics to me.

This week, ‘Good Morning America’ (GMA) didn’t miss the chance to showcase just how unserious they are by jumping on the jean — or gene — meltdown.

Maybe GMA gambled on their viewers not having that first cup of coffee yet, so they wouldn’t notice their fuzzy Nazi math. Is it any wonder that Americans’ trust in the media is at its lowest in more than five decades, according to a Gallup poll?

Going back to the vault, circa 1980, Brooke Shields did a Calvin Klein jeans ad with the same American Eagle/Sydney Sweeney ad vibe. ‘Genes’ and ‘jeans’ were used interchangeably, as well as phrases like ‘natural selection’ and ‘survival of the fittest.’

GMA was around back then, but I don’t recall co-host Joan Lunden doing a Nazi propaganda segment calling out Brooke Shields or Calvin Klein. Then again, that was when history was still being taught in school. 

Ironically, the eugenics trigger is the greatest self-own for White liberal elites, whose holy grail is abortion on demand — anytime, any place, any reason. Legalized abortion has long been one of the most effective ways to reduce populations who are deemed less than.

The White liberal class is largely all in. 

In 2018, then-Pope Francis said, ‘I have heard that it’s fashionable, or at least usual, that when in the first months of pregnancy they do studies to see if the child is healthy or has something, the first offer is: let’s send it away, I say this with pain. In the last century, the whole world was scandalized about what the Nazis did to purify the race. Today we do the same, but now with white gloves.’

If you’re a woman who’s ever been pregnant, or if you’re the dad supporting the woman, you know doctors highly encourage having screenings for chromosomal disorders such as Down Syndrome and Trisomy 18. They don’t do this because they can cure these chromosomal disorders in utero. They push these tests so you can eliminate the ‘less than perfect problem.’ 

If only these same liberal women were as upset about the fate of unborn babies as they are about jeans. 

Oh, and in case you’re wondering, the fact that American Eagle has ‘American’ in its name makes it obvious they’re Nazis. Thankfully, self-appointed experts have the freedom to warn us all from a non-American platform like X.

This week is one of those times I’m grateful to be spending the end of the summer in the South, where sanity tends to rule the day. If I were home — where I’m outnumbered by the White liberal outrage class by about 50-1 — I’m quite confident that between their pique rage hours of Starbucks and Chardonnay, I’d be on the receiving end of the Sydney Sweeney faux fury. 

These people need a time-out — away from all cameras and keyboards … preferably with a history book.

Never underestimate the left’s ability to overplay their hand. They are screamers, but when they scream, conservatives are the ones who quietly act. Think Bud Light.

Personal finance guru Dave Ramsey likes to say the best predictor of future behavior is past behavior, so it’s no surprise that American Eagle’s stock is up more than 15% since the campaign’s rollout last week. 

I’ll be among those contributing to the rise of American Eagle’s stock when I take my girls back to school shopping. Spending my money somewhere that has the left spiraling over an imaginary offense — sign me up. 

Sydney Sweeney may have good genes, but the screamers may be the ad American Eagle never knew it needed. 

It’s back to school season, and the silent actors are shopping loudly.

This post appeared first on FOX NEWS

 

  Proceeds to provide working capital & pre-pay government supported work programs  

 

  NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES  

 

 

  Fortune Minerals Limited (TSX: FT,OTC:FTMDF) (OTCQB: FTMDF) (‘ Fortune ‘ or the ‘ Company ‘) ( www.fortuneminerals.com ) is pleased to announce that it has entered into a new convertible security funding agreement (‘ Funding Agreement ‘) with Lind Global Fund III, LP, an entity managed by The Lind Partners (together, ‘ Lind ‘) pursuant to which the Company has agreed to draw down C$3,155,000 in exchange for the issuance of a convertible security to Lind (the ‘ Convertible Security ‘).

 

The proceeds from the issuance of the Convertible Security will be used for general working capital purposes and to pre-pay and partially match the costs for government supported work programs currently underway for the vertically integrated NICO Cobalt-Gold-Bismuth-Copper Critical Minerals Project (‘ NICO Project ‘) (see news releases dated, May 16, 2024, and December 5, 2023). Fortune is working closely with the Government of Canada, the Government of the United States and the Government of Alberta to expand North American critical minerals production and enhance domestic supply chain resilience and security. The Company has been awarded ~C$17 million of non-dilutive contribution funding from the U.S. Department of Defense through its Defense Production Act Title III program, Natural Resources Canada’s Global Partnerships Initiative and Critical Minerals Research Development and Demonstration programs, and Alberta Innovates Clean Resource Intake program. These funds are helping advance the NICO Project toward a construction decision and provide a reliable North American supply of cobalt sulphate, gold doré, bismuth ingots, and copper cement enhancing domestic supply chains for three Critical Minerals with a highly liquid and countercyclical gold co-product to mitigate metal price volatility.

 

The Convertible Security will have a two-year term, with a face value (‘ Face Value ‘) of C$3,774,000 and is secured by a lien against the Company’s mining assets. Lind will be entitled to incrementally convert the Face Value amount of the Convertible Security over a 24-month period, subject to certain limits, at a conversion price equal to 85% of the five-day trailing volume weighted average price (‘ VWAP ‘) of Fortune’s common shares (‘ Common Shares ‘) prior to the date of conversion. Commencing 60 days following the date on which Lind advances the funds pursuant to the Convertible Security to the Company, Fortune will have the right to repurchase the Convertible Security, subject to Lind’s option to convert up to one third of the Face Value into Common Shares prior to such repurchase at a conversion price equal to 85% of the 5-day VWAP. Lind will also receive a closing fee of C$120,000 and 15,641,293 Common Share purchase warrants exercisable at an exercise price of $0.1141 per Common Share for 60 months from the date of closing.

 

The Toronto Stock Exchange (the ‘ TSX ‘) has provided conditional approval in respect of the issuance of the Convertible Security.

 

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

 

  About The Lind Partners:  
The Lind Partners manages institutional funds that are leaders in providing growth capital to small- and mid-cap companies publicly traded in the US, Canada, Australia and the UK. Lind’s multi-strategy funds make direct investments ranging from US$1 to US$30 million, invest in syndicated equity placements and selectively buy on market. Having completed more than 200 direct investments totaling over US$2 billion in transaction value, Lind’s funds have been flexible and supportive capital partners to investee companies since 2011.

 

  About Fortune Minerals:  
Fortune is a Canadian mining company focused on developing the vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project in Canada. The NICO project is a development stage asset consisting of a planned mine and concentrator in the Northwest Territories and a dedicated hydrometallurgical facility in Alberta’s Industrial Heartland Association north of Edmonton. Fortune also owns the Sue-Dianne copper-silver-gold satellite deposit located 25 km north of the NICO deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator.

 

  Follow Fortune Minerals:  
Click here to subscribe to Fortune’s email list.
Click here to follow Fortune on LinkedIn.
@FortuneMineral on X.

 

  This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities legislation. This forward-looking information includes statements with respect to, among other things, issuance of the Convertible Security pursuant to the Funding Agreement, and the Company’s plans to develop the NICO Project. Forward-looking information is based on the opinions and estimates of management as well as certain assumptions at the date the information is given (including, in respect of the forward-looking information contained in this press release, assumptions regarding: final approval by the TSX in respect of the Funding Agreement and related matters; the Company’s ability to complete construction of a NICO Project refinery; the Company’s ability to arrange the necessary financing to continue operations and develop the NICO Project; the receipt of all necessary regulatory approvals for the construction and operation of the NICO Project, including the planned NICO cobalt-gold-bismuth-copper mine and concentrator and the timing thereof; growth in the demand for cobalt; the time required to construct the NICO Project; and the economic environment in which the Company will operate in the future, including the price of gold, cobalt and other by-product metals, anticipated costs and the volumes of metals to be produced at the NICO Project). However, such forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the risks that the TSX may not provide final approval in respect of the Funding Agreement and related matters, that global geopolitical situations may interfere with the Company’s ability to continue development of the NICO Project, the Company may not be able to finance and develop NICO on favourable terms or at all, uncertainties with respect to the receipt or timing of required permits, approvals and agreements for the development of the NICO Project, including the related hydrometallurgical refinery, the construction of the NICO Project may take longer than anticipated, the Company may not be able to secure offtake agreements for the metals to be produced at the NICO Project, the Sue-Dianne Property may not be developed to the point where it can provide mill feed to the NICO Project, the inherent risks involved in the exploration and development of mineral properties and in the mining industry in general, the market for products that use cobalt or bismuth may not grow to the extent anticipated, the future supply of cobalt and bismuth may not be as limited as anticipated, the risk of decreases in the market prices of cobalt, bismuth and other metals to be produced by the NICO Project, discrepancies between actual and estimated Mineral Resources or between actual and estimated metallurgical recoveries, uncertainties associated with estimating Mineral Resources and Reserves and the risk that even if such Mineral Resources prove accurate the risk that such Mineral Resources may not be converted into Mineral Reserves once economic conditions are applied, the Company’s production of cobalt, bismuth and other metals may be less than anticipated and other operational and development risks, market risks and regulatory risks. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections, and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update or revise it to reflect new events or circumstances, except as required by law.  

 

  

 

  View source version on businesswire.com:    https://www.businesswire.com/news/home/20250730234914/en/   

 

  Fortune Minerals Limited  
Troy Nazarewicz
Investor Relations Manager
info@fortuneminerals.com  
Tel: (519) 858-8188
www.fortuneminerals.com  

 

News Provided by Business Wire via QuoteMedia

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LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’ or ‘Issuer’) is pleased to announce that it has entered into an arm’s length engagement agreement (the ‘Agreement’) dated July 25, 2025, with FMI Securities Inc. (‘FMIS’), an Ontario-registered Exempt Market Dealer, and FM Global Markets Inc. (‘FMGM’), a FINRA-registered U.S. dealer (together with FMIS, the ‘Agents’). Under the Agreement, the Agents will act as exclusive corporate finance advisors and placement agents on a best-efforts basis to LaFleur Minerals for a proposed secured debt financing of up to CAD $5,000,000 (the ‘Debt Financing’) for the purpose of restarting gold production at the Beacon Gold Mill, located in Val d’Or, Quebec, Canada.

The proposed Debt Financing is intended to support the advancement of the Company’s restart and commissioning of its 100%-owned Beacon Gold Mill in Val-d’Or, Québec. The term of the engagement is 180 days and may be terminated earlier by either party with written notice. The Company confirms that no securities have been issued or will be issued to the Agents in connection with the Agreement or the provision of the Agent’s services thereunder. As compensation for their services, the Agents will receive a non-refundable work fee of CAD $25,000 payable in cash upon signing of the agreement and will receive a 4% cash commission on gross proceeds raised from lenders introduced by the Agents and a 2% reduced cash commission for closings involving pre-approved parties on the Company’s exclusion list. A break fee of CAD $50,000 payable in cash is due if a secured debt financing is completed without the Agents during the agreement term.

NON-BROKERED PRIVATE PLACEMENT OF LIFE AND CHARITY FLOW-THROUGH UNITS

LIFE Offering

The Company also announces a non-brokered private placement offering of up to 6,000,000 units of the Company (the ‘Units‘) at a price of $0.48 per Unit gross proceeds of up to $2,880,000 (the ‘LIFE Offering‘). Each Unit will consist of one (1) common share in the capital of the Company (each a ‘Common Share‘) and one (1) Common Share purchase warrant (a ‘Warrant‘) granting the holder the right to purchase one (1) additional Common Share of the Company (a ‘Warrant Share‘) at a price of $0.75 at any time on or before 24 months from the Closing Date (defined below). The Warrants will be subject to an accelerated expiry upon thirty (30) business days’ notice from the Company in the event the closing price of the Common Shares on the Canadian Securities Exchange (the ‘CSE‘) is equal to or above a price of $0.90 for fourteen (14) consecutive trading days any time after closing of the Offering.

The gross proceeds from the LIFE Offering will be used for the advancement of exploration initiatives at the Company’s Swanson Gold Project and for operational purposes at the Beacon Gold Mill, in addition to working capital and general corporate expenses.

The Units will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers resident in Canada, excluding Quebec, and other qualifying jurisdictions.

The securities offered under the LIFE Offering will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the ‘Offering Document‘) related to the LIFE Offering that can be accessed under the Issuer’s profile at www.sedarplus.ca and at the Company’s website at www.lafleurminerals.com. Prospective investors should read this Offering Document before making an investment decision.

The Company has also agreed to pay qualified finders and brokers a cash commission of 7.0% of the aggregate gross proceeds of the LIFE Offering and such number of broker warrants (the ‘Broker Warrants‘) as is equal to 7.0% of the number of Units sold under the LIFE Offering. Each Broker Warrant will entitle the holder to purchase one Common Share at an exercise price equal to the Offering Price for a period of 24 months following the Closing Date.

Charity Flow-Through (FT) Offering

The Company also intends to offer up to 3,750,000 charity flow-through units of the Company (the ‘Charity FT Units‘) at a price of $0.69 per Charity FT Unit for gross proceeds of up to $2,587,500 (the ‘Charity FT Offering‘). Each Charity FT Unit will consist of one (1) Common Share to be issued as a ‘flow-through share’ within the meaning of the Income Tax Act (Canada) and the Taxation Act (Québec) (each, a ‘Charity FT Share‘) and one (1) Warrant which shall have the same terms as the Warrants included in the Units to be issued in the LIFE Offering.

The gross proceeds from the issuance and sale of the Charity FT Units will be used on the Company’s Swanson Gold Project to incur ‘Canadian Exploration Expenses’ as such term is defined under subsection 66.1(6) of the Income Tax Act (Canada) and will qualify as ‘flow-through mining expenditures’ as defined in subsection 127(9) of the Income Tax Act (Canada) (or would so qualify if the references to ‘before 2026’ in paragraph (a) of the definition of ‘flow-through mining expenditure’ in subsection 127(9) of the Tax Act were read as ‘before 2027’ and the references in paragraphs (c) and (d) of that definition to ‘before April 2025’ were read as ‘before April 2026’). The qualifying expenditures will be incurred on or before December 31, 2026, and will be renounced to the subscribers with an effective date no later than December 31, 2025, in an aggregate amount not less than the gross proceeds raised from the issuance of the Charity FT Shares.

All securities issued in connection with the Charity FT Offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.

The closing of the LIFE Offering and Charity FT Offering is expected to occur on or about August 15, 2025 (the ‘Closing Date‘), or such other earlier or later date as the Company may determine.

This news release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’), and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent an exemption from registration under the U.S. Securities Act and applicable U.S. state securities laws. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S Securities Act.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Mineral’s fully refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LaFleur Minerals INC.

Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the closing of the LIFE Offering and the Charity FT Offering, and the anticipated use of proceeds from the LIFE Offering and the Charity FT Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260636

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

 

Skyharbour Resources Ltd . (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (‘Skyharbour’ or the ‘Company’), is pleased to announce that it has acquired, through inexpensive online staking, 21 new prospective uranium exploration claims in northern Saskatchewan. This strategic addition increases the Company’s total land position to 616,939 hectares (1,524,489 acres) across 37 projects in which it holds an interest. The newly staked claims, which are 100% owned by Skyharbour, adds to the Company’s existing portfolio of uranium projects within the Athabasca Basin, which is renowned for hosting the highest-grade uranium deposits globally and consistently ranked as a top-tier mining jurisdiction by the Fraser Institute.

 

While Skyharbour continues to focus on its co-flagship Russell Lake and Moore uranium projects, the newly acquired claims will be incorporated into the Company’s growing prospect generator business model. Skyharbour will actively seek strategic partners to advance these additional assets through earn-in and joint venture agreements.

 

  Skyharbour’s New Uranium Project Portfolio Map:  
  https://skyharbourltd.com/_resources/news/SKY_SaskProject_Locator_2025_07_16_v2.jpg   

 

  List of New Claims:  

 

  •   Haultain Project – New project, five new claims totalling 6,607 ha
  •  

  •   Bonville Project – New project, comprising one new claim totalling 1,497 ha
  •  

  •   Bolt Extension Project – Four new claims totalling 1,127 ha, adjacent to the existing Bolt Project
  •  

  •   South Preston – One new claim totalling 956 ha adjacent to Skyharbour’s existing Preston JV
  •  

  •   Tarku Project – One new claim totalling 3,233 ha, adjacent to Skyharbour’s existing South Dufferin Project
  •  

  •   Elevator Project – Two newly re-staked claims totalling 8,012 ha
  •  

  •   914 Project – Three newly re-staked claims totalling 1,133 ha
  •  

  •   Bennett Project – Two newly re-staked claims, adding 5,033 ha to the project
  •  

  •   Spence Project – Two newly re-staked claims totalling 11,915 ha
  •  

  •   Yurchison Project – One re-staked claim totalling 3,278 ha
  •  

  Summary of Recently Staked Properties Available for Option:  

 

   Haultain Project:   

 

The Haultain Project comprises five newly staked claims totalling 6,607 hectares, located approximately 46 km southwest of Cameco’s Key Lake Operation and 3 km west of Highway 914. Situated in the Mudjatik Domain just outside the currently mapped extent of the Athabasca Basin, the property is predominantly underlain by orthogneisses with historical EM conductors and coincident magnetic lows possibly indicating the presence of graphitic pelitic gneisses on the property. Limited modern exploration has been conducted on the Haultain Project beyond early-stage prospecting, mapping, and geochemical sampling. The project is prospective for basement-hosted unconformity-related uranium mineralization, as well as pegmatite-hosted U-Th-REE mineralization.

 

  Haultain Project Map:  
  https://skyharbourltd.com/_resources/news/Sky_Haultain_2025_07.jpg   

 

   Bonville Project:   

 

The Bonville Project consists of a single newly staked claim totalling 1,497 ha and is located approximately 60 km south of Cameco’s Key Lake Operation. The Bonville project is located in the Wollaston Domain outside of the currently mapped extent of the Athabasca Basin and mapping indicates the property is underlain by predominantly Wollaston Supergroup metasedimentary gneisses, including prospective locally graphitic lower Wollaston Supergroup pelitic gneisses. Historical exploration includes airborne magnetic and EM surveys, geochemical sampling, and prospecting dating back to the 1960’s and 1970’s. The property hosts three minor copper occurrences (Bonville Lake Cu, SMDI 989). It is considered prospective for basement-hosted uranium mineralization, as well as pegmatite-hosted U-Th-REE and sediment-hosted copper mineralization.

 

  Bonville Project Map:  
  https://skyharbourltd.com/_resources/news/Sky_Bonville_2025_07.jpg   

 

   Bolt Extension Project:   

 

The Bolt Extension Project comprises four newly staked claims adjacent to Skyharbour’s Bolt Project, currently under option to UraEx Resources. Mapping conducted in the 1970’s and 1980’s shows a north-south-trending, anastomosing package of amphibole gneisses surrounded by felsic gneisses, metamorphosed to granulite or upper amphibolite grade. Given the age and scale of the historical geological mapping, the area’s structural and lithological complexity is likely underestimated. Past work includes airborne and ground geophysics, as well as lake sediment and water sampling. Recent exploration between 2008 and 2018 identified multiple EM conductors, magnetic lows, and faults that extend onto the Bolt Extension claims. These features highlight the property’s strong potential to host basement-hosted unconformity-related uranium mineralization, as well as pegmatite-hosted U-Th-REE mineralization.

 

   South Preston:   

 

The South Preston Project consists of one claim totalling 965 hectares, located approximately 30 km south of the Athabasca Basin and adjacent to Skyharbour and Orano Canada’s Preston Joint Venture. It is underlain by Taltson felsic granulites and Cretaceous Manville Group sandstones and mudstones. Exploration to date has been limited, comprising airborne EM, magnetic, and radiometric surveys, along with limited prospecting and geological mapping. A series of EM conductors extend onto the property from the adjacent Preston JV but remain untested by drilling.

 

   Tarku Project:   

 

The Tarku Project consists of two claims, including one newly staked claim, totalling 5,878 ha and is located adjacent to Skyharbour’s South Dufferin Project, currently under option to UraEx Resources. The property covers the southern extension of the Virgin River Shear Zone, which hosts high-grade uranium mineralization at Cameco’s Dufferin Lake zone, approximately 32 kilometres to the north, with drill results of 1.73% U 3 O 8 over 6.5 metres, and the Centennial deposit, approximately 47 kilometres to the north, which includes intersections up to 8.78% U 3 O 8 over 33.9 metres.

 

Historical exploration on the property includes airborne EM, magnetic, and radiometric surveys, lake water and sediment sampling, prospecting, ground-truthing of anomalies, geological mapping, and diamond drilling. The project offers strong potential for basement-hosted, unconformity-related uranium mineralization along the Virgin River Shear Zone trend.

 

   914 and Elevator Projects:   

 

The 914 and Elevator projects consist of five recently re-staked, non-contiguous claims totalling 9,145 hectares, located 35 to 55 km south of Cameco’s Key Lake Operation. Both projects lie near Provincial Highway 914, providing access to southern Saskatchewan. The 914 Project, comprising three claims totalling 1,133 hectares, is situated 1 km east of the highway, while the Elevator Project, with two claims totalling 8,012 hectares, lies 15 km east.

 

Geological mapping in the area indicates that both projects are underlain by prospective Wollaston Supergroup metasedimentary gneisses and Archean granitic to tonalitic gneisses of the Western Wollaston Domain, known to host significant basement-hosted unconformity-related uranium mineralization further north in the Basin.

 

Extensive historical exploration in the 1970’s included magnetic, gravity, and EM surveys, as well as geological mapping, prospecting, and boulder and sediment sampling. Modern work has been limited, consisting of partial airborne VTEM coverage, light ground prospecting, and lake sediment sampling. All five claims are positioned along the margins of regional-scale fold structures, with recent airborne magnetic data revealing additional geological complexity not captured in earlier mapping. Multiple uranium and REE showings exist in the surrounding area around the claims. The same basement rocks found on the 914 and Elevator projects host both unconformity-related and pegmatite-hosted uranium, thorium, and REE mineralization elsewhere in the region.

 

   Bennett Project:   

 

The Bennett Project comprises four claims totalling 11,815 hectares, including two newly re-staked claims covering 5,033 hectares, located in the Highrock Lake area. The property is underlain by Wollaston Group metasedimentary gneisses, predominantly psammitic to meta-arkosic, locally with pelitic to psammopelitic gneisses concentrated in fold noses.

 

Uranium exploration was previously conducted on the property between the late 1960’s and early 1980’s, including airborne EM, magnetics, and radiometrics, radon surveys, prospecting, geological mapping, and lake water and sediment sampling. As this work predates modern geophysics and exploration models, additional targets likely remain untested. The project is considered prospective for both unconformity-related and pegmatite-hosted uranium mineralization.

 

   Spence Project:   

 

The Spence Project comprises five non-contiguous claims totalling 14,334 hectares, including two newly staked claims covering 11,915 ha. Located 75 to 85 km south of Cameco’s Rabbit Lake Operation, the project is easily accessible via Highway 905, which runs within 1 km of the westernmost claims and nearby infrastructure, including fuel and lodging at km 147. The project is underlain by Wollaston Supergroup metasedimentary gneisses, including graphitic pelitic units adjacent to Archean granites within the Eastern Wollaston Domain, which is a setting highly prospective for unconformity-related uranium mineralization in the Athabasca Basin.

 

Historical work on the property (1960’s–1990’s) focused on SEDEX-style Pb-Zn mineralization, targeting extensions of the adjacent George Lake deposit, and included airborne and ground geophysics, mapping, and geochemistry. More recently, VTEM, VLF-EM, magnetics, and radiometrics were flown in 2022–2023. Despite this, modern uranium-focused exploration has been limited. The property hosts several untested targets prospective for both unconformity-related basement-hosted uranium and SEDEX-style Pb-Zn mineralization.

 

   Yurchison Project:   

 

The drill-ready Yurchison Project comprises two contiguous claims totalling 9,073 hectares in the Wollaston Domain of northern Saskatchewan, including one newly re-staked claim, comprising 3,728 hectares. The claims cover an extensive package of Wollaston Supergroup metasediments in an area known for its base metal and uranium potential. The property is along trend to the north-northeast of the Janice Lake sediment-hosted Cu deposit and numerous other base metal showings in the ‘Wollaston Copperbelt’. Access to the area is greatly enhanced by Highway 905, located approximately 2 km east of the property. Grid power is also available nearby, along with a motel, restaurant and gas bar located at km 147 on Highway 905, a few km north of Courtenay Lake.

 

The Yurchison project has undergone a variety of exploration programs, including diamond drilling, sampling and relogging of historical holes, and Wacker drill overburden till sampling, as well as various prospecting and geophysical programs. However, most of the property remains underexplored. The majority of the work on the property was completed before 2000, with minimal follow-up since then. There are several uranium, molybdenum, and thorium showings on the project, which remains highly prospective for both basement-hosted uranium, pegmatite U-Th-REE, and/or sediment-hosted Cu-Pb-Zn mineralization.

 

  Summary of Other Projects Available for Option:  

 

Skyharbour continues to successfully advance its prospect generator model, growing its landholdings and progressing early-stage uranium projects through strategic partnerships. These assets offer attractive, turn-key opportunities for joint venture and earn-in partners, and the Company is actively seeking new partners to advance them going forward.

 

   Foster Project:   

 

The drill-ready Foster property consists of 19 claims totalling 13,938 hectares, approximately 20 km southeast of Cameco’s Key Lake operation and adjoining the southwestern end of Skyharbour’s Falcon Project, which is currently optioned to North Shore Uranium. The Foster claims are situated in the Wollaston Domain just outside of the currently mapped extent of the Athabasca Basin, with several small outliers of sandstone located regionally in the area. The basement geology consists of Wollaston Supergroup psammopelite, calc-silicate, diorite, pelitic gneiss and graphitic pelitic gneiss, accompanied by minor felsic orthogneisses.

 

  Foster Project Map:  
  https://skyharbourltd.com/_resources/news/Sky_Foster_2025_07.jpg   

 

The Foster Project contains numerous uriniferous occurrences, with the two most significant being the Great Plains Showing and the Red October Zone. At the Great Plains Showing, intense alteration and shearing in association with vein-hosted pitchblende mineralization were discovered during early exploration in the area between the 1960’s and 1980’s. A comprehensive follow-up was recommended but failed to occur due to changing uranium market fundamentals post-discovery. Another mineralized zone, the Red October Zone, was discovered in 2008 by Eagle Plains and consists of a 400 m intermittent uranium and REE-mineralized outcrop within a 1 km coincident soil geochemical and ground magnetic anomaly. The Red October Zone was drill-tested in 2012, with all six holes encountering anomalous uranium and REEs.

 

Elsewhere on the broader property package, prospective graphitic pelitic gneiss packages are exposed at the surface, and there are several other uraniferous occurrences, which often also host elevated REEs and/or thorium. Samples collected on the property returned up to 657 ppm U, 6,644 ppm TREE, and 344 ppm Th. Significant untested potential exists on the Foster project for basement-hosted, unconformity-related uranium deposits like those further to the north in the Wollaston Domain, like Eagle Point, Rabbit Lake and Key Lake, as well as for additional pegmatite-hosted uranium, thorium, and REE mineralization. The project is drill-ready, with numerous untested and highly prospective targets remaining.

 

   Brassy Project:   

 

The Brassy Project comprises two claims covering 9,896 hectares. The claims are underlain by the Athabasca Group sandstones, with thicknesses ranging from less than 80 metres to just over 200 metres. Several historical and modern EM conductors are present on the property, situated along trend of EM conductors extensively drill tested by SMDC, JNR Resources Inc., and ALX Resources Corp. on the adjacent Newnham property.

 

The Brassy project underwent a variety of geophysical surveys, prospecting, geochemical surveys, and geological mapping between 1969 and 1983, followed by a multi-decade pause in exploration due to poor uranium market conditions. Between 2005 and 2011, improved market conditions led to portions of the Brassy project being covered by modern EM, magnetics, radiometrics, and gravity surveys. However, no modern ground exploration has been conducted to date. The property remains highly prospective for unconformity-related uranium mineralization.

 

   Orr Project:   

 

The Orr project comprises one claim totalling 5,987 ha located in the northern Athabasca Basin, approximately 46 km southeast of the community of Black Lake. The project is underlain by approximately 160 to 320 metres of Athabasca Group sandstones and conglomerates, which overlie the Mudjatik Domain’s metasedimentary and granitoid gneisses. A series of discontinuous east-to-north-east trending EM conductors have been identified on the property, which are locally cross-cut by several NNW-trending regional faults.

 

  Orr Project Map:  
  https://bmcms1.com/staging/skyharbourltd.com/_resources/images/Sky_Orr.jpg   

 

The property has been covered by a variety of airborne and ground geophysics including magnetics, EM, gravity, and radiometric surveys, with the most modern work consisting of airborne MEGATEM flown in 2006 and an airborne gravity survey in 2007 that covered the western portion of the property. To date, only two drill holes have been completed on the property, both located in the northeast corner, intersecting granitic rocks. The property remains prospective for both unconformity-related and basement-hosted uranium mineralization.

 

   Otter Project:   

 

The Otter Project comprises a single mineral claim totalling 4,838 hectares, located in the northern Athabasca Basin approximately 41 kilometres southeast of the community of Black Lake. The property is underlain by Athabasca Group sandstones and conglomerates, which unconformably overlie metasedimentary and granitic gneisses of the Mudjatik Domain.

 

Historical exploration on the Otter Project includes airborne and ground electromagnetic and magnetic surveys, as well as limited prospecting and geochemical sampling. Notably, a 2007 MEGATEM survey identified a zone of strong conductivity, interpreted to represent a graphitic fault zone, which is intersected by a north-northwest trending magnetic dyke. This target area remains untested by drilling. The Otter Project is prospective for both unconformity-related and basement-hosted uranium deposits.

 

  Otter Project Map:  
  https://bmcms1.com/staging/skyharbourltd.com/_resources/images/Sky_Otter.jpg   

 

   Pluto Bay Project:   

 

The Pluto Bay Project consists of four claims covering 13,026 hectares, located approximately 14 km north of the Athabasca Basin, just east of the Snowbird Tectonic Zone. Historical mapping in the 1960’s showed the claims are likely underlain by Archean tonalitic to granitic gneisses, with local Paleoproterozoic amphibolites, metaquartzites, calc-silicates, marbles, and pelitic, psammopelitic, and psammitic gneisses. Minimal exploration work has been undertaken on the property, but historical geophysical survey programs in the southwestern part of the property revealed the presence of EM conductors, which remain untested. The Pluto Bay project is prospective for basement-hosted unconformity-related uranium mineralization. Also, it has the potential to host pegmatite-hosted U-Th-REE mineralization, similar to that at the nearby Charlebois Lake uranium-rich pegmatite.

 

   Riou Project:   

 

Riou consists of 8,620 hectares over six claims in the north-central portion of the Athabasca Basin and is underlain by the Athabasca Group sandstones and conglomerates. The sandstone is estimated to be 200 to 300 metres thick in this area and overlies basement rocks of the Archean-aged Tazin Gneiss Group. The property lies south of a significant east-northeast-trending magnetic lineament, indicative of a significant crustal offset in this area. Several discrete EM conductors totalling nearly 40 kilometres of strike length have been identified on the property, coinciding with magnetic lows and geochemically anomalous boulders. A major swarm of EM conductors is also present in the northwestern extent of the property. Historical exploration on adjacent claims immediately north of the project identified outcrop occurrences ranging from 72 to 375 ppm U, 3 to 7 ppm Th, and up to 8.24% P 2 O 5 . These highly anomalous values underscore the prospectivity of the area for uranium exploration.

 

   Bend, Regamble, Hartle, and Compulsion Projects:   

 

The Bend, Hartle, Regamble, and Compulsion projects are a series of early-stage exploration properties located in the eastern Wollaston Domain of northern Saskatchewan, approximately 40 to 70 kilometres east of the Athabasca Basin margin. The Bend Project comprises two claims totalling 9,114 hectares; Compulsion consists of two claims totalling 10,451 hectares; Hartle includes ten claims totalling 52,518 hectares; and Regamble encompasses five claims covering 24,208 hectares.

 

These projects were staked based on historical geological mapping in the area by the Saskatchewan Geological Survey, which showed that the Bend, Hartle, Regamble, and Compulsion projects are underlain by highly prospective Wollaston Group metasedimentary gneisses, including graphitic pelitic gneisses alongside the margins of Archean granitoid-gneiss domes, a prime target location for basement-hosted, unconformity-related uranium deposits in the Athabasca Basin.

 

While the Bend, Hartle, Regamble, and Compulsion projects were the focus of significant uranium and base metal exploration from the 1960’s through the 1980’s, primarily by SMDC (a precursor to Cameco), modern exploration has been limited. More recent work includes partial coverage by XDS-VLF-EM, DIGHEM, and radiometric surveys conducted in 2007 and 2014, which identified EM conductors across several areas of the properties. Historical exploration also encountered anomalous concentrations of copper, graphite, iron, and uranium, particularly in the Hartle Lake and Regamble Lake areas, where highly radioactive basement outcrops were observed. These projects are considered prospective for multiple mineralization styles, including basement-hosted, unconformity-related uranium, pegmatite-hosted U-Th-REE, and sedimentary-hosted Cu-Pb-Zn mineralization.

 

   Pendleton Project:   

 

The Pendleton Project comprises three newly acquired claims totaling 3,890 hectares, located approximately 70 kilometres southeast of Cameco’s Key Lake Operation and 114 kilometres northwest of the community of Southend. The project is situated along the Needle Falls Shear Zone at the intersection of the eastern Wollaston Domain and the western Peter Lake Domain. It is underlain by Wollaston Supergroup metasedimentary rocks, including psammopelitic, pelitic, and graphitic pelitic gneisses, as well as mylonitic and cataclastic rocks associated with the Needle Falls Shear Zone. Additionally, Archean granitoid gneisses, diorites, and gabbros of the Johnson River Inlier and Swan River Complex are present on the property.

 

  Pendleton Project Map:  
  https://skyharbourltd.com/_resources/news/Sky_Pendleton_2025_07.jpg   

 

Initial exploration on the Pendleton Project was carried out during the 1970’s and 1980’s and included airborne magnetic, radiometric, and electromagnetic surveys, as well as prospecting and geochemical sampling. More recent exploration activities included an airborne GEOTEM survey in 2004, followed by ground-based prospecting and geochemical sampling. In 2007, a ground HLEM survey was completed, leading to the drilling of a single hole, PL-003. This drill hole intersected faulted and sheared graphitic pelitic gneiss that returned anomalous values in several key pathfinder elements. The Pendleton Project is considered prospective for basement-hosted unconformity-related uranium deposits, as well as pegmatite-hosted U-Th-REE and sedimentary-hosted Cu-Pb-Zn mineralization.

 

  Marketing Agreement with Outside the Box Capital:  

 

Skyharbour also announced that it has entered into a marketing contract with Toronto-based marketing firm, Outside The Box Capital Inc. (‘OTBC’). OTBC specializes in various social media platforms and digital marketing strategies, and will be able to facilitate greater awareness and widespread dissemination of the Company’s news. In accordance with the agreement, services are set to commence on August 5 th , 2025, and run for a term of four months, in consideration of the Company paying OTBC an up-front cash fee of CAD $100,000 plus applicable taxes. OTBC owns no securities of the Company as of the date hereof and is arm’s length to the Company. The engagement of OTBC remains subject to TSX Venture Exchange approval.

 

  Qualified Person:  

 

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

 

  About Skyharbour Resources Ltd.:  

 

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-seven projects covering over 616,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is operator with joint-venture partner RTEC. The project hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.

 

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project.

 

In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued, and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

 

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

 

  Skyharbour’s Uranium Project Map in the Athabasca Basin:  
  https://skyharbourltd.com/_resources/news/SKY_SaskProject_Locator_2025_07_16_v1.jpg   

 

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

 

 Skyharbour Resources Ltd. 

 

‘Jordan Trimble’
  
Jordan Trimble
President and CEO

 

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

 

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

 

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

 

This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the Private Placement.  Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at   www.sedar.com   for further information.

 

 

 

 

 

   

 

 

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Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce SAGA’s team has completed the 4 km access trail along the core of the Trapper zone providing necessary access for future drill programs and exploration activities. The access trail is located to run along the surface trend of extensive outcropping and sub-cropping oxide layers. In addition, a 25-tonne excavator from Gladiator drilling has opened 3 trenches across the two significant aeromagnetic anomalies of the Trapper zone, exposing a total of 504m 2 (5,425ft 2 ) of semi-massive to massive vanadiferous titanomagnetite (‘VTM’) mineralization.

 

 

 

   Figure     1     :    Radar Pro   ject’s Trapper Zone depicting two aeromagnetic anomalies and the trend of the inferred oxide layering. The Trapper trail will support a new diamond drilling program.   SAGA has demonstrated    the reliability of the regional airborne magnetic surveys after ground-truthing and drilling    in the 2024 and 2025 field programs.  

 

Located just 10 km from Cartwright, Labrador, the 24,175-hectare Radar Titanium Project is supported by existing infrastructure, including road access, a deep-water port, an airstrip, and nearby hydroelectric power. The property completely encompasses the Dykes River Intrusive Complex, a previously underexplored layered mafic body.

 

With a large oxide layering thickness, a near-monomineralic Vanadiferous Titanomagnetite (VTM) composition, and extensive mineral tenures, the Radar Titanium Project shows the potential to become a globally significant VTM project.

 

 

 

   Figure 2:    Radar Property map, depicting aeromagnetic anomalies, oxide layering and the site of the 2025 drill program. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is shown. SAGA has demonstrated    the reliability of the regional airborne magnetic surveys after ground-truthing and drilling    in the 2024 and 2025 field programs.  

 

  2025 Summer Field Program – Road Maintenance, Trail Access, Trenching and Geophysics  

 

The 2025 summer field program marked a critical phase in advancing the exploration efficiency and cost-effectiveness of future drill programs and exploration activities in the western portion of the property, including the highly prospective Trapper zone. Key components of this program include:

 

  1. Maintenance of the forestry road
  2.  

  3. Construction of the drill rig compatible access trail across the Trapper zone
  4.  

  5. Trenching in the Trapper and Hawkeye zones
  6.  

  7. Ground-based magnetometer surveys over the two major anomalies in the Trapper zone
  8.  

  1.   Forestry Road Maintenance:  
  2.  

The first step for the team was to perform maintenance on the Cartwright Forest Service road, which had not seen regular clearing for the last few decades. This work included:

 

  •   Objective: Clear overgrown sections of the existing forestry road to enable access for trucks and heavy equipment to reach the laydown area. This road is essential for allowing the team proper access to the west of the property claims, and includes an equipment lay-down area and an access trail into the Trapper Zone.
  •  

  •   Work: Brush-cutting and removal with heavy equipment.
  •  

  •   Equipment: Brush-saws, Chain-saws, 6-tonne excavator, 25-tonne excavator.
  •  

  •   Outcome: The 4.2 km of refurbished track now provides reliable access to the lay-down area, enhancing logistical efficiency for the Trapper zone trail building.
  •  

 

 

   Figure 3.1:    Completed maintenance on the Cartwright Forest Service Road  

 

 

 

   Figure 3.2:    Start of the Trapper Zone Trail, viewed from the lay down along the Cartwright Forest Service Road  

 

2. Trapper Trail Construction:  

 

The next phase of infrastructure development aimed to upgrade the pre-existing snowmobile/ATV trail into a drill rig-compatible trail, which gains access to the heart of the Trapper zone and extends past the two major anomalies. This work included:

 

  •   Facilitate Access: Provide direct trail access into the Trapper Zone on the western extent of the 20 km aerial oxide layer of the Dykes River Intrusion, connecting the eastern Hawkeye Zone to the western Trapper Zone.
  •  

  •   Support Drilling Operations: Enable efficient mobilization of diamond drilling equipment to high-priority targets identified through geophysical surveys within the Trapper zone.
  •  

  •   Enhance Cost Efficiency: Reduce logistical costs for future exploration campaigns by leveraging existing infrastructure and minimizing reliance on helicopter support.
  •  

  •   Ensure Sustainability: Minimize environmental impact through strategic trail planning and compliance with Newfoundland and Labrador’s permitting requirements.
  •  

 

 

   Figure 3.3:    Excavator and work truck located along the Trapper Trail over the northern portion of the oxide layer trend within the Trapper zone.  

 

3. Trapper & Hawkeye Zone Trenching:  

 

The trenches within the Trapper zone were identified as targets due to extremely high readings on the GSM-19 Magnetometer. On numerous occasions, the geophysics team had the GSM-19 Magnetometer Instruments reading well beyond the highest highs of the Hawkeye zone, which reached 74,000 nt.

 

Upon trenching these locations, it was discovered that the presence of semi-massive to massive VTM – oxide layering outcrops were not far from the surface. A total of 504m 2 (5,425ft 2 ) was trenched across the oxide layering strike in the north and south anomalies of the Trapper zone. Work is ongoing to complete pressure washing of the outcrops, clearing away dirt and debris to better show the structure and mineralogy of these exposures.

 

 

 

   Figure 4.1:    Excavator and Michael Garagan (CGO & Director of SAGA) standing on a VTM oxide layer outcrop in the northern anomaly at the Trapper zone.  

 

 

 

   Figure 4.2:    Semi-massive to Massive VTM oxide layer outcrop in the southern anomaly at the Trapper zone.  

 

4. Trapper Zone Geophysics:  

 

As previously reported, SAGA mobilized two geophysical crews to complete magnetic and VLF-electromagnetic survey coverage across the north and south anomalies within the Trapper Zone.

 

SAGA’s geophysics team has continued to report strong magnetic detection levels over both anomalies, requiring recalibration of the geophysical instruments. The team is excited to report that readings have exceeded the 74,000 nT detected in the Hawkeye zone, with readings recorded as high as 115,498 nT over the northern Trapper zone anomaly and over 113,000 nT over the southern Trapper zone anomaly. In some cases, the instruments reached the maximum level of detection (120,000 nt).

 

 

 

   Figure 5:    Reading off of the Magnetometer GSM-19 geophysical instrument recording 115,498 nT over the Tapper zone.  

 

SAGA’s geophysics team is working to complete the remaining lines over the coming days and will be the subject of a future new release in the near term.

 

  Michael Garagan, CGO & Director of SAGA stated:   ‘This summer has been a critical juncture in the development of the project and preparation for efficient and cost-effective drilling in the future. We believe that with the infrastructure upgrades completed our drilling cost per meter has come down significantly, setting us on the right track to reach our goal of approximately $300-$350/m. SAGA’s plans and objectives over the next 12-month are to complete a 10,000-15,000-meter drill program, setting the stage for the completion of a maiden resource calculation. A project like this, with homogenous geochemistry and large oxide layers, can move towards a resource calculation with 100 m drill spacing over the 2.5 km stretch of the entire oxide layering strike that runs continuously through the Trapper zone.’  

 

  Qualified Person  

 

Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.

 

  About Saga Metals Corp.  

 

 Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.

 

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

 

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

 

With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

 

  On Behalf of the Board of Directors  

 

  Mike Stier, Chief Executive Officer  

 

For more information, contact:

 

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

 

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

 

  Cautionary Disclaimer  

 

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company’s Radar Project. 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 expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

 

Photos accompanying this announcement are available at:

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/e8128200-d3b7-48da-aee0-484bad883fca  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/6c8d3aa5-99b1-4eba-ab0c-616ac8aa84eb  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/26751ee2-942d-431f-8bf1-c64df78353de  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/fdf6776f-80be-4a01-b78b-1dcc786d5051  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/66c2fa8f-6518-4aed-988f-09d98f483a25  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/c5ff730b-9a14-4cad-843f-696bcf80efad  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/63807f35-1f7c-4a3c-b3c7-6fa0df9d0d83  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/42529e33-6d14-4c03-bfc4-9ec7030a7fc6  

 

   

 

 

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