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LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’) is pleased to provide the results of its recent exploration programs, including an update on its diamond drilling and bulk sampling plans at its district-scale Swanson Gold Project (‘Swanson’), positioned in the prolific Abitibi Gold Belt (Figure 1). The Company is also fast-tracking the restart of its 100%-owned, 750 tonne per day (‘tpd’) Beacon Gold Mill (‘Beacon’) in Val-d’Or, Québec, and has received significant interest from several groups for the purpose of financing the mill restart as well as to offtake material and support the ramp-up to full production with the goal to be generating cash flow by early 2026.

The interest received to date is a strong vote of confidence in the quality and potential of the Beacon Mill, as a foundational and keystone asset of the Company, its strategic positioning in one of the world’s richest and most well-endowed mineralized mining regions with numerous surrounding gold deposits suitable for bulk sampling, which would be ideal sources of mineralized material to complement this transformational next phase of development for LaFleur Minerals.

HIGHLIGHTS

  • Immediate plans to complete at least 5,000 metres of diamond drilling at Swanson starting in June using existing flow-through (FT) funds, with over 50 promising drilling targets identified, among the other highly prospective Bartec, Jolin, and Marimac gold targets. A drilling contractor has been selected with drilling permits expected by early June.
  • Geological and engineering planning continues for a large bulk sampling program at the Swanson mining lease with an updated Scoping Study and mine plan to be submitted to Québec government for approval. The plan includes the extraction of an up to 100,000 tonne surface bulk sample at Swanson for processing at the Beacon Mill once it is in full production (anticipated by early 2026).
  • The Company is in advanced discussions with several institutional and private equity groups, as well as exploring non-dilutive funding options with several commodity trading and debt financing firms to fund Beacon Mill’s restart. The Company’s goal is to be fully-funded, complete upgrades, and become fully operational by early 2026.

Paul Ténière, CEO of LaFleur Minerals, commented, ‘We are very excited to commence our summer diamond drilling program to test the regional exploration targets identified from our recent exploration programs at Swanson. These drilling targets are based on careful and well executed geological, geochemical, and geophysical programs by our technical team. Swanson is a large regional exploration project with numerous gold showings and the upcoming diamond drilling program will focus on showings that have the potential to host significant large gold deposits.

‘In addition, we are forging ahead with the permitting process for the Swanson bulk sample and funding the restart of the Beacon Gold Mill to generate cash flow as quickly as possible, with the longer-term vision of funding additional project acquisitions and expanding LaFleur Minerals from a small to intermediate gold producer in the Val-d’Or region. With a restart cost that is so low, LaFleur Minerals has the ability to move towards commercial production and profitability near term, achieving an outstanding milestone in an exceptionally short period of time thanks to the methodical work of the Company’s technical and management team, largely supported by the increasingly attractive precious metals market.’

PETER ESPIG JOINS LaFleur Minerals AS STRATEGIC ADVISOR

The Company is also pleased to announce that Peter Espig has joined the Company as a Strategic Advisor and Consultant focused on the capital markets and assisting with the funding of the Swanson and Beacon Gold Mill projects. Mr. Espig also brings substantial experience in managing the funding, construction, ramp up, and operation of gold and silver milling and processing facilities in Canada.

Mr. Espig served as Vice-President at Goldman Sachs Japan in both the Principal Finance and Securitization Group and the Asia Special Situations Group, where his team participated in more than $10 billion in structured deals, capital raises, and cross-border transactions. Prior to Goldman Sachs, he was Vice-President at Olympus Capital, a New York-based private equity firm, where he focused on corporate restructurings, investment analysis, and international financing negotiations. He also played a pioneering role in some of the earliest SPAC transactions, totaling over US$1.2 billion, and brings deep experience in disciplined capital deployment and turnaround execution.

Since 2013, Mr. Espig has served as President and CEO of Nicola Mining Inc. and is a board member of ESGold Corp and First Lithium Minerals. Mr. Espig holds a Bachelor of Arts from the University of British Columbia and an MBA from Columbia Business School, where he was a Chazen International Scholar. He has served on various public boards and was recognized among Industry Era’s ‘Top 10 Admired Leaders’ in 2023.

GRANT OF STOCK OPTIONS

The Company also announces that it has granted incentive stock options (‘Options‘) to management and consultants of the Company to acquire an aggregate of 1,250,000 common shares at $0.20 per share, for a period of three years. These Options have been granted in accordance with the Company’s stock option plan.

SITE VISIT AND MANAGEMENT UPDATE CALL

The Company plans to coordinate a site visit of its Beacon Mill in June 2025 for any prospective investors, shareholders, and analysts. The Company will host a management update call for investors on Thursday June 5, 2025, at 10:00 a.m. Pacific Time / 1:00 p.m. Eastern Time. The call will be accessible via the Zoom platform, by video conference and by telephone, and participants should use the following information to join the call:

Please click the link below to join the LaFleur video call:
https://us06web.zoom.us/j/89960363165?pwd=0a0hXT9yEvAogURcX4EO0VRwuU3LaZ.1
Webinar ID: 899 6036 3165
Passcode: 888888

Or join via telephone:
United States: +1 646 931 3860
Canada: +1 647 374 4685
United Kingdom: +44 330 088 5830
Webinar ID: 864 5330 0862
More international numbers are available on the following link: https://us06web.zoom.us/u/keDxuREffH

SUMMARY OF RECENT SWANSON EXPLORATION RESULTS

LaFleur Minerals recently received the final reports for its 2024 prospecting and reconnaissance mapping, soil sampling program, and IP survey. This exploration data has been incorporated into the Company’s geological and GIS database, along with the regional high-resolution magnetic and VLF-EM survey completed earlier in 2024, which has been used to develop priority drill targets to be tested this summer.

Geological Reconnaissance Mapping and Prospecting

Geological reconnaissance mapping and prospecting was carried out in September 2024 by IOS Géosciences Inc. (‘IOS‘). The work, including the collection of 144 samples that were sent to the laboratory, focused on key deposits, showings, and mineralized outcrops, compiled from the literature (Figure 2). Out of the 25 mineral occurrences reported since 1926 at Swanson, 10 were selected to represent the focus of interest. The Swanson, Jolin, Barautte VII, and Jackson showings display characteristics that are indicative of orogenic-gold-type mineralization and magmatic-hydrothermal-type mineralization. The reported results included the discovery of new highly prospective lithologies, hydrothermal alterations, sulphide mineralization, and corresponding gold grades. Best gold grades from grab samples included:

  • 11.71 g/t Au located 425 m SW of the Jolin deposit
  • 4.59 g/t Au located 140 m south of the Barautte VII showing
  • 4.51 g/t Au and 3.78 g/t Au in the area of the Jackson showing
  • 2.98 g/t Au in the area of the Bartec showing

Please note: Grab samples are selective by nature and may not be representative of the overall mineralization on the Swanson Project. While they are useful for identifying areas of interest and guiding further exploration, they should not be relied upon as an indicator of the average grade or extent of mineralization.

Soil Survey

A soil survey was also carried out in September 2024 by IOS. The objective of the 2024 soil sampling program was to assess Swanson’s potential to contain unknown blind gold occurrences by using the dispersion of geochemical signals in surficial materials. The survey included 315 sampling sites distributed along 8 grids according to the local quaternary geology, aerial photos and LiDAR images (Figure 3). The survey was designed to test the efficiency of the method and targeted areas with known occurrences. Lines were oriented perpendicular to the geophysical anomaly and/or geological features.

The gold-enriched soil samples located to the SW of the Damascus showing were found to be associated with an untested IP anomaly. The soil samples near the Jackson showing and Bartec deposit, and samples approximately 750 m SSW of the Swanson deposit and on two lines located 300 to 550 m south of the Jolin deposit, all show gold-enrichment.

Please note: Soil sampling surveys are not definitive, and the results are still at an early stage of interpretation, with no guarantee of a mineral discovery.

Induced Polarization Geophysics Survey

An Induced Polarization (IP) survey was carried out at Swanson between January and April 2024 by TMC Geophysics. The survey consisted of 120.4 line-km of IP using the pole-dipole electrode array with a configuration of a=25 m, n=1 to 16 over two distinct grids, namely Jolin and Bartec (Figure 4).

A total of 64 IP axes indicative of the most obvious anomalies have been identified on both prospects. These include:

  • A first group of IP axes characterize some of the strongest and more continuous polarizable anomalies. The associated polarizable sources are typically correlated with slight to strong decreases in resistivity or included within the confines of thin conductive beds/horizons. According to the regional geology, this type of signature is, at least partially, of the lithological type and indicative of the known pyrite and graphite rich units/lithologies of both prospects. On the other hand, one cannot exclude to see these units themselves locally enriched in poly-metallic mineralization (+/- Au). Some other axes of this group may also directly emphasize polymetallic mineralization developed along broad shear zones, or altered geological contacts favored by the upwelling of hydrothermal fluids.
  • The second group of IP axes feature weaker and less continuous polarizable anomalies that are partially correlated with an increase in resistivity. They all have the potential to indicate the presence of gold-rich mineralization associated with disseminated sulphide remobilized along a fault or altered and silicified band of rocks (+/- quartz/carbonate veining).

As for the follow-up work, 7 IP axes have been selected to be drill tested on the Jolin grid, and 4 others on the Bartec grid.

2025 SWANSON DIAMOND DRILLING PROGRAM PLANS

Following the regional compilation and high-resolution magnetics and VLF-EM over the entire Swanson Gold Project, along with the recent encouraging results of the reconnaissance mapping and prospecting, soil sampling and IP survey discussed above, LaFleur Minerals will move forward with its regional drilling program.

Approximately 50 drill targets have currently been identified based on the compilation and recent field work. The targets are located regionally in the Swanson, Jolin, Bartec and Marimac regions (Figure 5). Phase I of the diamond drill program will include 20 exploration drill holes totalling at least 5,000 m of diamond drilling.

LaFleur Minerals is pleased to announce that it has signed a drilling contract with Forage Rouillier Drilling of Amos, Québec and is expecting to start drilling at Swanson in early- to mid-June 2025 once drilling permits have been received from the Québec government.

Figure 1: Swanson Gold Project (including the Swanson Deposit) located 50 km from the Beacon Gold Mill

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/254409_d95e6950644fe9dd_001full.jpg

Figure 2: Geological Reconnaissance – Sample locations and anomalous results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/254409_d95e6950644fe9dd_002full.jpg

Figure 3: Soil Samples – Anomalous Results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/254409_d95e6950644fe9dd_003full.jpg

Figure 4: Lines Completed by IP Survey

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/254409_d95e6950644fe9dd_004full.jpg

Figure 5: Swanson drilling target regions and proposed 2025 drill holes (in purple)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/254409_d95e6950644fe9dd_005full.jpg

SAMPLE PREPARATION, LABORATORY ANALYSIS, AND QA/QC SUMMARY

Rock (Grab) Samples

All rock (grab) samples collected by IOS during the program were securely transported to Activation Laboratories (Actlabs) in Ancaster, Ontario, an ISO/IEC 17025-accredited laboratory. Grab sample sizes vary by rock collected but varies from 1 kg to 3 kg. Actlabs is independent of LaFleur Minerals. Sample preparation included crushing, splitting, and pulverizing to 95% passing 105 microns. Gold analysis was performed using fire assay with an inductively coupled plasma mass spectrometry (1A2-ICPMS) finish. A multi-element analysis (63 elements) was also done on the samples using an Aqua regia digestion / ICP-MS (Ultratrace-1). Borate fusion with XRF finishing was carried out for samples exceeding the limit for tungsten. The Company follows industry-standard QA/QC protocols, including the insertion of certified reference materials, blanks, and duplicates to ensure the accuracy and precision of the results.

Soil Samples

Soil samples were collected by IOS at a depth of 10 cm to 25 cm below the base of the Ah horizon with an average sample size approximately 1 kg. As such, the sample can be composed of either the Ae, B or C horizon, or be a composite of these horizons depending on the soil profile. Sampling was done using a shovel or an auger depending on the environment and depth necessary to sample the correct horizon.

Samples were securely transported back to IOS facilities in Saguenay, Québec by the field crew. The samples were prepared in the IOS laboratory for environmental parameter measurements (e.g. pH, Eh, etc.) and handheld XRF analysis. Upon reception of the samples by the IOS lab and prior to any preparation, a 20 gram aliquot was taken to perform measurements that need to be conducted on the raw material. The remaining material was dedicated to preparation for loss on ignition (LOI) and chemical analyses. Environmental parameters such as pH, δpH, Eh and TDS (Total Dissolved Solids, i.e., conductivity) were measured on saturated paste according to standard procedures.

Samples were then securely courier shipped to ALS Minerals in Val-d’Or for final preparation before the final shipping to ALS Minerals in Vancouver for Ionic LeachTM. ALS Minerals is independent of LaFleur Minerals. Sample material dedicated for chemical analysis were air dried and sieved at

The anomaly thresholds were determined by IOS using a probabilistic approach. In that the assays results are first transformed into logarithmic data. The Z-score is then calculated for each element of each sample. This significantly limits the range of values and enables the use of a normal distribution for the probability modelling. The anomaly threshold for an element is determined by the difference between the sample’s Z-score and the expected Z-score for a log-normal population with an average of 0 and a standard deviation of 1, which represents the regional background as confirmed by the analysis of IOS’s large database. Any sample deviated from that regional trend is likely related to an anomalous population.

SWANSON GOLD PROJECT SUMMARY

The Swanson Gold Project is approximately 16,600 hectares in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. The Swanson Gold Project covers major structural breaks that hosts the Swanson Gold Deposit, and Bartec, and Jolin gold targets and numerous other showings which make up the Swanson Gold Project. The Swanson Gold Project has had in excess of 36,000 metres of historical diamond drilling, is easily accessible by road with a rail line running through the property, allowing direct access to the Beacon Gold Mill, which further enhances its development potential.

The Swanson Gold Deposit hosts:

  • Indicated Mineral Resource Estimate:
    • 2,113,000 t with an average grade of 1.8 g/t gold, containing 123,400 oz of gold.
  • Inferred Mineral Resource Estimate:
    • 872,000 t with an average grade of 2.3 g/t gold, containing 64,500 oz of gold.

(MRE source: NI 43-101 technical report, effective September 17, 2024, filed on the Company’s SEDAR+ profile)

    (Source: GESTIM -1996, GM62629 – historical estimate not compliant with NI 43-101)

      (Source: GESTIM – DV 87-01 – historical estimate not compliant NI 43-101)

      QUALIFIED PERSON STATEMENT AND DATA VERIFICATION

      All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the Company and considered a Qualified Person for the purposes of NI 43-101. Mr. Martin has reviewed and verified the rock and soil sampling results and certified analytical data underlying the technical information disclosed. Mr. Martin noted no errors or omissions during the data verification process and the Company’s management have also verified the technical information disclosed. The Company and Mr. Martin do not recognize any factors of sampling or recovery that could materially affect the accuracy or reliability of the assay data and exploration results disclosed in this news release.

      About LaFleur Minerals Inc.

      LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: 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 Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 16,600 hectares (166 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 with a rail line running through the property allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ 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 use of proceeds from the 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.

      To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254409

      News Provided by Newsfile via QuoteMedia

      This post appeared first on investingnews.com

      Phase 1 1 First-In-Human study designed to assess safety   ,   tolerability   , right dose for Phase 2 and early signs of efficacy   of 177Lu-RAD20   2   in individuals with   advanced HER2-positive solid   tumors

      Previous clinical proof-of concept data 2 for targeting HER-2 demonstrated the safety and biodistribution of 99mTc-RAD202 in humans

      Radiopharm Theranostics (ASX:RAD, ‘Radiopharm’ or the ‘Company’), a clinical-stage biopharmaceutical company focused on developing innovative oncology radiopharmaceuticals for areas of high unmet medical need, today announced the dosing of the first patient in its Phase 1 ‘HEAT’ clinical trial of RAD202, a proprietary nanobody that targets Human Epidermal Growth Factor Receptor 2 (HER2)-positive expression in a wide array of advanced solid tumors.

      The open-label Phase 1 ‘HEAT’ clinical trial is a dose escalation trial of 177Lu-RAD202 that is designed to determine the recommended Phase 2 dose and to evaluate the safety and preliminary clinical activity of this novel radiotherapeutic in individuals with HER2-expressing advanced cancers. The study is currently being conducted at clinical centers across Australia.

      ‘Dosing patients in the HEAT clinical trial marks an important milestone in our transition to a clinical-stage company,’ said Riccardo Canevari, CEO and Managing Director of Radiopharm Theranostics. ‘Despite progressive improvements in the management of metastatic HER2-positive disease, the majority of patients experience disease progression on current standard of care and require further therapeutic options. The dosing of the first patient in the ‘HEAT’ trial represents a significant step toward achieving RAD202’s potential to address an unmet need for HER2-positive metastatic patients who are progressing or unable to tolerate current treatment options. With RAD202, we hope to provide an option that can meaningfully improve clinical outcomes for HER2-positive patients, while preserving their quality of life.’

      HER2 is overexpressed in breast cancer as well as several other solid tumors and represents a validated target in oncology. RAD202 is a proprietary single domain antibody that targets HER2. Ten HER2-positive breast cancer patients previously dosed in a Phase 1 diagnostic study of RAD202 demonstrated clinical proof-of concept as well as the safety and biodistribution of RAD202, validating its potential for the treatment of advanced HER2-expressing cancers 2 . Preclinical findings 3 examining the therapeutic effect in HER2-positive xenografts were also recently reported with 177Lu-RAD202. Collectively, these data further justify first in humans dose finding studies.

      ‘It is a privilege to be the first centre to administer 177Lu-RAD202, targeting HER2-positive tumors in this Phase 1 clinical trial (HEAT).’ said Dr Aviral Singh, Clinical Head of Theranostics and Nuclear Medicine at St John of God Murdoch Hospital. ‘This opens the possibility of novel therapeutic avenues for patients with aggressive tumor types, including breast, ovarian, gastric, pancreatic, bladder, and several other cancers. With the trust put in us by Radiopharm, we look forward to a successful trial with beneficial outcomes for our patients.’

      About Radiopharm Theranostics

      Radiopharm Theranostics is a clinical stage radiotherapeutics company developing a world-class platform of innovative radiopharmaceutical products for diagnostic and therapeutic applications in areas of high unmet medical need. Radiopharm is listed on ASX (RAD) and on NASDAQ (RADX). The company has a pipeline of distinct and highly differentiated platform technologies spanning peptides, small molecules and monoclonal antibodies for use in cancer. The clinical program includes one Phase 2 and three Phase 1 trials in a variety of solid tumor cancers including lung, breast, and brain metastases. Learn more at radiopharmtheranostics.com .

      Authorised on behalf of the Radiopharm Theranostics board of directors by Chairman Paul Hopper.

      For more information:
      Riccardo Canevari
      CEO & Managing Director
      P: +1 862 309 0293
      E: rc@radiopharmtheranostics.com

      Anne Marie Fields
      Precision AQ (Formerly Stern IR)
      E: annemarie.fields@precisionaq.com

      Paul Hopper
      Executive Chairman
      P: +61 406 671 515
      E: paulhopper@lifescienceportfolio.com

      Media
      Matt Wright
      NWR Communications
      P: +61 451 896 420
      E: matt@nwrcommunications.com.au

      ________________________________

      1 clinicaltrials.gov/study/NCT06824155
      2 Zhao et al, Molecular Pharmaceutics 2021 18 (9), 3616-3622
      3 Altunay B. et al, EP-0136, Eur J Nucl Med Mol Imaging (2024) 51 (Suppl 1): S1–S1026. DOI: 10.1007/s00259-024-06838-z

      News Provided by GlobeNewswire via QuoteMedia

      This post appeared first on investingnews.com

      (TheNewswire)

      Un groupe financier privé mondial dont le siège social est à San Francisco conseille sur la facilité de construction pour soutenir l’expansion des usines modulaires d’hydrogène vert de Charbone en Amérique du Nord.

      Brossard (Québec) TheNewswire – le 4 juin 2025 – CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), une rare compagnie cotée en bourse spécialisée dans la production et la distribution d’hydrogène vert en Amérique du Nord, est heureuse d’annoncer plus de détails sur la signature, annoncée le 1 er mai 2025, d’un financement de projets d’un montant maximal de 50 millions de dollars américains, accordé par un fonds privé géré par True Green Capital Management LLC (« TGC »). US Capital Global Securities LLC, la division de courtage enregistrée auprès de la SEC du groupe financier privé mondial US Capital Global, a agi en tant que conseiller principal et facilitateur.

      Basée à Montréal, Charbone développe des usines de production modulaires ciblant l’hydrogène d’une pureté de 99,999 % (grade 5.0 et supérieur), avec toute la production pré-vendue via des contrats de ventes à des clients de premier niveau.

      Nous sommes fiers d’avoir servi de conseiller principal à la fois à Charbone et à TGC sur cette transaction , a dit Charles Towle, Chef de la direction à US Capital Global Securities. Charbone connaît une forte dynamique, face à la demande croissante de solutions d’hydrogène propre pour décarboner les utilisateurs industriels grâce à ses principaux sites en développement en Amérique du Nord. Nous sommes impatients de soutenir la croissance continue de l’entreprise. La transaction a été menée par Lisa Terk, vice-présidente principale et banquière de premier plan spécialisée dans les technologies propres et les énergies renouvelables à notre siège mondial .

      Ce financement marque une étape importante dans l’exécution de notre stratégie de croissance à long terme , a dit Benoit Veilleux, Chef de la direction financière de Charbone. Nous sommes reconnaissants à US Capital Global pour son soutien constant et son expertise tout au long de ce processus, depuis la structuration et de l’engagement des investisseurs jusqu’à la réussite de la documentation juridique .

      Hervé Touati, Directeur Général à TGC, a ajouté : Nous sommes heureux de financer Charbone et nous réjouissons de collaborer à cette initiative conjointe en matière d’énergie propre et renouvelable. Nous apprécions la diligence et la perspicacité de US Capital Global qui ont permis à cette opportunité d’aboutir .

      À propos de Charbone Hydrogène Corporation

      Charbone est une entreprise intégrée d’hydrogène vert disposant de capacités stratégiques de distribution de gaz industriels en Amérique du Nord. Tout en poursuivant le développement de son réseau modulaire de production d’hydrogène vert, Charbone s’appuie également sur des partenariats commerciaux pour fournir de l’hydrogène, de l’hélium et d’autres gaz industriels sans les exigences en capital élevées des usines de production. Cette approche améliore les sources de revenus, réduit les risques opérationnels et accroît la flexibilité sur le marché. Charbone reste la seule société purement axée sur l’hydrogène vert cotée en bourse en Amérique du Nord, avec des actions cotées à la Bourse de croissance TSX (TSXV: CH); sur les marchés OTC (OTCQB: CHHYF); et à la Bourse de Francfort (FSE: K47). Pour plus d’informations, visiter www.charbone.com .

      À propos de True Green Capital

      True Green Capital Management LLC (« TGC ») est un gestionnaire de fonds spécialisé dans les infrastructures d’énergies renouvelables, spécialisé dans la production d’électricité décentralisée aux États-Unis et en Europe. Depuis 2011, TGC finance et gère des actifs d’énergie propre générant des rendements stables et faiblement corrélés. Basé à Westport, dans le Connecticut, TGC dispose également d’un bureau à Londres. Pour en savoir plus, rendez-vous sur www.truegreencapital.com .

      À propos de US Capital Global

      Fondée en 1998, US Capital Global propose une gamme de solutions financières avancées, comprenant des produits de dette, de capitaux propres et d’investissement personnalisés pour les entreprises et les investisseurs du marché intermédiaire. La société supervise des fonds d’investissement directs et propose des services complets de gestion de patrimoine et de banque d’investissement, incluant des stratégies de fusions-acquisitions et une expertise en levée de capitaux. Parmi les entités notables du consortium figurent US Capital Global Investment Management LLC, US Capital Global Wealth Management LLC et US Capital Global Securities LLC, courtier-négociant enregistré auprès de la SEC et membre de la FINRA. Pour en savoir plus, visiter www.uscapital.com .

      Énoncés prospectifs

      Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l’inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l’adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

      Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

      Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

      Pour contacter Corporation Charbone Hydrogène :

      Téléphone bureau: +1 450 678 7171

      Courriel: ir@charbone.com

      Benoit Veilleux

      Chef de la direction financière et secrétaire corporatif

      Copyright (c) 2025 TheNewswire – All rights reserved.

      News Provided by TheNewsWire via QuoteMedia

      This post appeared first on investingnews.com

      (TheNewswire)

      Global private financial group headquartered in San Francisco advises on construction facility to support CHARBONE’s expansion of modular green hydrogen facilities in North America.

      Brossard, Quebec TheNewswire – June 4, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE’), rare publicly traded pure-play company focused on the production and distribution of green hydrogen in North America, is pleased to announce more details on the signing, announced previously on May 1st 2025, of a project finance facility of up to USD 50 million being provided by a private fund managed by True Green Capital Management LLC (‘TGC’). US Capital Global Securities LLC, the SEC-registered broker-dealer division of global private financial group US Capital Global has acted as lead advisor and facilitator.

      Headquartered in Montreal, CHARBONE is developing modular production facilities targeting 99.999% purity (Grade 5.0 and higher) hydrogen, with all output pre-sold through tier-one offtake agreements.

      We’re proud to have served as lead advisor to both CHARBONE and TGC on this transaction ,’ said Charles Towle, CEO of US Capital Global Securities. CHARBONE is gaining strong momentum as demand grows for clean hydrogen solutions to decarbonize industrial users through their key sites in development across North America. We look forward to supporting the company’s continued growth. The transaction was led by Lisa Terk, Senior Vice President and a top CleanTech and Renewables banker at our global headquarters.

      This financing marks an important milestone in executing our long-term growth strategy ,’ said Benoit Veilleux, CFO of CHARBONE. We are grateful to US Capital Global for their consistent support and expertise throughout this process—from structuring and investor engagement to the successful completion of legal documentation.

      Herv é Touati , Managing Director at TGC, added: We’re pleased to be financing CHARBONE and look forward to working together on this joint renewable clean energy initiative. We appreciate the diligence and insight of US Capital Global in bringing this opportunity to this stage.

      About Charbone Hydrogen Corporation

      CHARBONE is an integrated green hydrogen company with strategic distribution capabilities of industrial gases across North America. While continuing to develop its modular green hydrogen production network, CHARBONE also leverages commercial partnerships to supply hydrogen, helium, and other industrial gases without the capital-intensive requirements of production facilities. This approach enhances revenue streams, reduces operational risks, and increases market flexibility. CHARBONE remains North America’s only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, visit www.charbone.com .

      About True Green Capital Management

      True Green Capital Management LLC (‘TGC’) is a specialized renewable energy infrastructure fund manager with a focus in distributed power generation in the US and Europe. Since 2011, TGC has financed and managed clean energy assets that generate stable, low-correlated returns. Headquartered in Westport, Connecticut, TGC also maintains an office in London. Learn more at www.truegreencapital.com .

      About US Capital Global

      Founded in 1998, US Capital Global offers a range of advanced financial solutions, including debt, equity, and investment products customized for middle-market enterprises and investors. The firm oversees direct investment funds while delivering comprehensive wealth management and investment banking services, encompassing M&A strategies and capital raising expertise. Among the notable entities within the consortium are US Capital Global Investment Management LLC, US Capital Global Wealth Management LLC, and US Capital Global Securities LLC, an SEC-registered broker-dealer and member of FINRA. To learn more, visit www.uscapital.com .

      Forward-Looking Statements

      This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

      Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

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

      Contact Charbone Hydrogen Corporation

      Telephone: +1 450 678 7171

      Email: ir@charbone.com

      Benoit Veilleux

      CFO and Corporate Secretary

       

      Copyright (c) 2025 TheNewswire – All rights reserved.

      News Provided by TheNewsWire via QuoteMedia

      This post appeared first on investingnews.com

      Here’s a quick recap of the crypto landscape for Monday (June 2) 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$104,369 as markets wrapped, down 0.7 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$103,984 and a high of US$104,589.

      Bitcoin performance, June 2, 2025.

      Chart via TradingView.

      After hitting nearly US$103,100 on May 31, Bitcoin held above US$104,500 to close its weekly candle.

      The cryptocurrency traded around US$104,000 on Monday as uncertainty continued to plague centralized and decentralized markets in the final month of the second quarter.

      Crypto analyst Daan Crypto Trades identified the mid-range level around US$99,600 and a resistance area near US$108,000 as key zones to watch for potential reversal signals during the first week of June. He emphasized that early June moves may be ‘fakeouts,’ with the real trend emerging afterward.

      Ethereum (ETH) finished the trading day at US$2,533.47, a 0.4 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$2,494.99 and saw a daily high of US$2,555.62.

      Altcoin price update

      • Solana (SOL) closed at US$152.44, down 2.1 percent over 24 hours. SOL experienced a low of US$152.34 in the final minutes of trading and reached a high of US$154.27.
      • XRP is trading at US$2.16, reflecting a 0.1 percent decrease over 24 hours. The cryptocurrency reached a daily low of US$2.14 and a high of US$2.17.
      • Sui (SUI) peaked at US$3.28, showing a decreaseof 0.2 percent over the past 24 hours. Its lowest valuation on Monday was US$3.25, and its highest was US$3.32.
      • Cardano (ADA) is trading at US$0.6724, down 0.8 percent over the past 24 hours. Its lowest price of the day was US$0.6708, and it reached a high of US$0.6776.

      Today’s crypto news to know

      Circle aims for US$7.2 billion valuation in expanded US IPO

      Stablecoin issuer Circle is aiming for a US$7.2 billion valuation in its upsized initial public offering (IPO), signaling strong investor interest amid a friendlier US regulatory environment under President Donald Trump.

      The company and its backers now hope to raise up to US$896 million by offering 32 million shares.

      Circle’s USDC, the world’s second largest stablecoin, is expected to benefit from pending legislation that could drive more institutional adoption. The firm reported a 55 percent jump in reserve income for Q1, reaching nearly US$558 million, though this was offset by a 68 percent surge in distribution and transaction costs.

      Circle’s primary distribution partner is Coinbase Global (NASDAQ:COIN), with others contributing to global reach. The IPO is being led by JP Morgan Chase (NYSE:JPM), Citigroup (NYSE:C) and Goldman Sachs (NYSE:GS).

      Circle will trade under the ticker symbol ‘CRCL’ on the NYSE later this week.

      BitoPro possibly hacked for US$11 million, exchange silent

      Taiwan’s BitoPro exchange may have suffered a major breach on May 8, according to blockchain investigator ZachXBT, with over US$11.5 million in crypto drained from its hot wallets.

      The attackers allegedly compromised wallets across Ethereum, Solana, Tron and Polygon, then funneled the assets through mixers like Tornado Cash and Wasabi Wallet to cover their tracks.

      BitoPro has yet to publicly acknowledge the breach, instead citing routine “system maintenance” as the reason for service disruptions last month. The exchange remains quiet on its official channels despite mounting evidence of a hack.

      BitoPro, operated by BitoGroup, has served Taiwan’s crypto market since 2018, and continues to process over US$20 million in daily volume.

      Lubin credits Saylor for inspiring Ethereum treasury push

      Ethereum co-founder Joe Lubin says a conversation with Bitcoin bull Michael Saylor prompted him to explore the creation of a treasury firm focused on Ether, according to Bloomberg.

      Inspired by Saylor’s success turning Strategy (NASDAQ:MSTR) into a leveraged Bitcoin proxy, Lubin launched a new initiative through SharpLink Gaming (NASDAQ:SBET), raising US$425 million to buy Ether.

      Lubin, who is now chair of SharpLink, expects to raise even more capital through share offerings and bonds — mirroring Saylor’s approach, but with a focus on Ethereum.

      Following the announcement, SharpLink’s share price soared over 1,000 percent in just a few days. Lubin believes this will spark a wave of similar Ether-focused strategies and drive institutional demand.

      While Bitcoin has enjoyed a clearer investment narrative as “digital gold,” Lubin argues Ether’s broader utility is underappreciated and ripe for a narrative shift.

      Saylor’s Strategy boosts Bitcoin holdings by 705 BTC

      Strategy acquired another 705 BTC for US$75.1 million between May 26 and May 30.

      The latest purchases were made at an average price of US$106,495 per coin, and followed the sale of 3,750 Class A shares between May 22 and 29 by Strategy director Jarrod Patten, worth nearly US$1.4 million.

      According to Strategy’s data, the latest purchase brought its year-to-date BTC yield to 16.9 percent. The company’s quarter-to-date BTC yield is now 5.4 percent. Strategy is looking to reach a BTC yield target of 25 percent year-to-date by the end of 2025. The company previously targeted a 15 percent yield, but increased it on May 1.

      Strategy now holds 581,000 BTC, or 2.9 percent of all Bitcoin that have been mined to date.

      Metaplanet buys more Bitcoin, holdings top US$930 million

      Japan’s Metaplanet (TSE:3350,OTCQX:MTPLF) has acquired another 1,088 BTC, pushing its total Bitcoin stash past 8,888 coins — now worth over US$930 million. The latest purchase cost the firm US$117.5 million, bringing its average BTC acquisition price to just over US$108,000 per coin. Since adopting its Bitcoin treasury policy in April 2024, Metaplanet has rapidly climbed the ranks of corporate BTC holders and is now the largest in Asia.

      The company recently raised US$50 million through zero-interest bonds to finance its latest round of acquisitions without issuing new stock. Year-to-date, Metaplanet reports a 66 percent return on its BTC holdings, and it has added over 7,000 coins in 2025 alone. The firm is targeting a total of 10,000 BTC by year end.

      Tether enhances gold-backed token

      Tether’s gold-backed token, Tether Gold (XAU₮), has been enhanced with an omnichain version, XAU₮0.

      It is now available on the Open Network (TON) blockchain. This move enables the trading of digital gold and deepens the collaboration between Tether and TON. XAU₮, Tether’s original gold token, is available as an ERC-20 token on Ethereum and a TRC-20 token on TRON. The new version leverages LayerZero’s OFT standard to facilitate native movement across multiple blockchains without wrapping or redeploying new tokens on each chain.

      According to Tether’s Q1 attestation report, it has over 7.7 metric tons of physical gold backing the XAUT stablecoin.

      MAS orders crypto firms to halt overseas services

      The Monetary Authority of Singapore (MAS), the country’s central bank, has ordered local crypto service providers to stop offering digital token services to overseas markets by June 30.

      The directive came in response to industry feedback on a proposed regulatory framework for Digital Token Service Providers (DTSPs) under the Financial Services and Markets Act (FSM Act), passed in April 2022.

      The act requires DTSPs with overseas operations to comply with anti-money laundering and counter-terrorist financing standards, even if they do not offer services within Singapore.

      “DTSPs which are subject to a licensing requirement under section 137 of the FSM Act must suspend or cease carrying on a business of providing DT services outside Singapore by 30 June 2025,” MAS wrote.

      MAS states that any Singapore-incorporated company, individual or partnership that provides DT services outside Singapore must either cease operations or obtain a license when the DTSP provisions come into force.

      Companies found violating the laws will be subject to hefty fines of up to 250,000 Singaporean dollars (US$200,000) and imprisonment of up to three years. Firms licensed or exempted under the Securities and Futures Act, Financial Advisors Act or Payment Services Act may continue to operate without conflicting with the new rules.

      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

      Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce the appointment of Paul McGuigan, P. Geo., as its Qualified Person on the exploration and development of the Radar Ti-V-Fe Property (the ‘ Project ‘) in Labrador. Mr. McGuigan will advise on standards of practice for QAQC, structural mapping, drilling and deposit modelling.

      Mr. McGuigan, a Professional Geoscientist, has 50 years of international experience in economic geology and mineral exploration management, spanning grassroots exploration to feasibility studies and mining operations. Early in his career, he was employed by IBM, the Geological Survey of Canada, Imperial Oil, Pechiney Ugine Kuhlmann, Esso Minerals Canada and Westmin Resources.

      For the last 37 years, McGuigan has led Cambria Geological Inc., which has operated in North and South America, West Africa, the Middle East, the SW Pacific, and Europe. Clients have included private and publicly-listed companies, First Nations groups, and governments. He has been responsible for multiple feasibility-level projects involving due diligence standards, data validation, project management, mine rehabilitation, deposit modelling, and QAQC.

      In decades of public service, McGuigan was a member of the Consulting Practice and Geoscience Committees of the Engineers and Geoscientists of BC, an executive/director of the BC Neurological Centre, and president/director of the BC Centre for Ability Foundation.

      McGuigan’s geological expertise includes Fe-Ti-V-P in layered mafic intrusions, iron oxide-copper-gold (IOCG), volcanogenic massive sulphide, porphyry Cu-Mo-Au, epithermal and orogenic gold, and diamond deposits.

      Regarding the Radar V-Ti-Fe project, McGuigan has served in several relevant roles on similar projects. In his early career, he researched gravity and magnetic separations, which led to novel heavy mineral sampling methods. For Esso Minerals, he supervised the structural mapping and mineral resource estimation of a complexly deformed, copper-bearing massive magnetite deposit, significantly improving the head grade and supporting the re-opening of the 8,000 tpd underground Granduc Mine in BC.

      Later, McGuigan co-founded a commercial laboratory with Acme Analytical (now part of the Bureau Veritas group), conducting mineral separations and identifying and testing indicator minerals.

      For a private Latin American group of companies, McGuigan served as the Qualified Person for testing V-Ti-Fe in Proterozoic layered mafic intrusions, including drilling, bulk sampling, pilot mill construction, and the construction of an on-site laboratory for mineral separations, XRF analysis, and QAQC. For that same client, McGuigan supervised the definition drilling and resource estimation of a heavy mineral sands deposit, with significant Ti-Fe in titanomagnetite.

      In Canada, McGuigan has served as the Qualified Person and reviewed numerous Superior and Grenville Province V-T-Fe (P) deposits in layered mafic intrusions. In certain projects, he secured government grants for metallurgical and critical mineral technology.

      Figure 1: 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.

      Radar Ti-V-Fe Project Overview:

      The Company’s 100%-owned Radar Property is located 10 km from the coastal city of Cartwright, Labrador, benefiting from tremendous infrastructure, including road access, deep-water port, airstrip and nearby hydro-electric power. The Radar Property comprises 24,175-hectares and entirely encloses the Dykes River intrusive complex mapped at 160km 2 on surface.

      The Dykes River intrusive complex is a recently recognized Mesoproterozoic layered mafic intrusion (Gower, 2017). It has gained attention due geological similarities to large AMCG-type intrusions and a very extensive titanium–vanadium–iron (Ti-V-Fe) rich layer.

      Radar Ti-V-Fe Project 2025 Winter Drill Program Highlights:

      • Analytical results have now been received on all 7 diamond drill holes from the 2025 winter program.
      • Combined with petrographic analysis, these new assays further confirm that the primary economic mineral is vanadiferous titanomagnetite—favorable for simplified metallurgical processing.
      • Titanomagnetite-rich zones average between 20% and 40% titanomagnetite, with localized massive layers exceeding 60%.
      • Drilling has confirmed the presence of oxide layering and associated magnetic anomalies to vertical depths of up to 300 meters.
      • Current drilling has tested just 1/40th of the identified 20 km strike extent of the oxide layering zone within the Dykes River Intrusion (refer to Figure 1 for map view) .

      Marketing Services Agreement with Maximus Strategic Consulting Inc.

      The Company also announces that it has entered into an online marketing agreement with Maximus Strategic Consulting Inc. (‘ Maximus ‘).  Pinnacle Digest and PinnacleDigest.com are business names of Maximus. Maximus has agreed to produce and distribute, through the email newsletter and YouTube channel of PinnacleDigest.com, a video highlighting the Company and its projects. Additionally, all the Company’s news releases during the term of the online marketing agreement will be featured in Pinnacle Digest’s weekly email newsletter.

      The Company’s engagement of Maximus will run for a period of four months beginning on June 1, 2025, and the Company will pay Maximus a fee of C$150,000 (plus GST) paid in two instalments.  Maximus’ business address is 300 – 1550 5 St. SW Calgary, Alberta. T2R 1K3, email address is support@pinnacledigest.com . Maximus currently owns 300,000 common shares in the capital of the Company and 300,000 common share purchase warrants, each exercisable to acquire one common share at an exercise price of $0.50 per common share until May 23, 2027.

      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 critical minerals that support the global transition to green energy. The Company’s flagship asset, the Double Mer Uranium Project, is located in Labrador, Canada, covering 25,600 hectares. This project features 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).

      In addition to its uranium focus, 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 Lithium.

      SAGA also holds additional exploration assets in Labrador, where the company is focused on discovering titanium, vanadium, and iron ore. 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:
      Saga Metals Corp.
      Investor Relations
      Tel: +1 (778) 930-1321
      Email: info@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, risks and uncertainties involved in the mineral exploration and development industry, 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.

      News Provided by GlobeNewswire via QuoteMedia

      This post appeared first on investingnews.com

      Amazon’s devices unit has a new team tasked with inventing “breakthrough” consumer products that’s being led by a former Microsoft executive who helped create the Xbox.

      The ZeroOne team is spread across Seattle, San Francisco and Sunnyvale, California, and is focused on both hardware and software projects, according to job postings from the past month. The name is a nod to its mission of developing emerging product ideas from conception to launch, or “zero to one.”

      Amazon has a checkered history in hardware, with hits including the Kindle e-reader, Echo smart speaker and Fire streaming sticks, as well as flops like the Fire Phone, Halo fitness tracker and Glow kids teleconferencing device.

      Many of the products emerged from Lab126, Amazon’s hardware research and development unit, which is based in Silicon Valley.

      The new group is being led by J Allard, who spent 19 years at Microsoft, most recently as technology chief of consumer products, a role he left in 2010, according to his LinkedIn profile. He was a key architect of the Xbox game console, as well as the Zune, a failed iPod competitor.

      Allard joined Amazon in September, and the company confirmed at the time that he would be part of the devices and services team under Panos Panay, who left Microsoft for Amazon in 2023 to lead the group.

      An Amazon spokesperson confirmed Allard oversees ZeroOne but declined to comment further on the group’s work.

      The job postings provide few specific details about what ZeroOne is building, though one listing references working on “conceiving, designing, and bringing to market computer vision techniques for a new smart-home product.”

      Another post for a senior customer insights manager in San Francisco says the job entails owning “the methodology and execution of concept testing and early feedback for ZeroOne programs.”

      “You’ll be part of a team that embraces design thinking, rapid experimentation, and building to learn,” the description says. “If you’re excited about working in small, nimble teams to create entirely new product categories and thrive in the ambiguity of breakthrough innovation, we want to talk to you.”

      Amazon has pulled in staffers from other business units that have experience developing innovative technologies, including its Alexa voice assistant, Luna cloud gaming service and Halo sleep tracker, according to Linkedin profiles of ZeroOne employees. The head of a projection mapping startup called Lightform that Amazon acquired is helping lead the group.

      While Amazon is expanding this particular corner of its devices group, the company is scaling back other areas of the sprawling devices and services division.

      Earlier this month, Amazon laid off about 100 of the group’s employees. The job cuts included staffers working on Alexa and Amazon Kids, which develops services for children, as well as Lab126, according to public filings and people familiar with the matter who asked not to be named due to confidentiality. More than 50 employees were laid off at Amazon’s Lab126 facilities in Sunnyvale, according to Worker Adjustment and Retraining Notification (WARN) filings in California.

      Amazon said the job cuts affected a fraction of a percent of the devices and services organization, which has tens of thousands of employees.

      This post appeared first on NBC NEWS

      While U.S. President Donald Trump’s tariffs play out in U.S. courts, another one of his proposed laws could weaponize the American tax system.

      Investment banks and law firms warn this step could prove to be as significant as the impact of duties on investors.

      The “One Big Beautiful Bill Act,” which passed through the U.S. House of Representatives last week, includes the most sweeping changes to the tax treatment of foreign capital in the U.S. in decades under a provision known as Section 899. The bill must still gain the Senate’s approval.

      “We see this legislation as creating the scope for the US administration to transform a trade war into a capital war if it so wishes,” said George Saravelos, global head of FX research at Deutsche Bank on Thursday.

      “Section 899 challenges the open nature of US capital markets by explicitly using taxation on foreign holdings of US assets as leverage to further US economic goals,” Saravelos added in the note to clients, under the subtitle “weaponization of US capital markets in to law.”

      Section 899 says it will hit entities from “discriminatory foreign countries” — those that impose levies such as the digital services taxes that disproportionately affect U.S. companies.

      France, for instance, has a 3% tax on revenues from online platforms, which primarily targets big technology firms such as Google, Amazon, Facebook, and Apple. Germany is reportedly considering a similar tax of 10%.

      Under the new tax bill, the U.S. would hit investors from such countries by increasing taxes on U.S. income by 5 percentage points each year, potentially taking the rate up to 20%.

      Emmanuel Cau, head of European Equity Strategy at Barclays, suggested that the mere passage of the tax legislation could make dollar assets less valuable for foreign investors.

      “In our view, this is a risk for those companies generating US revenues, and domiciled in countries that have enacted Digital Services Taxes (DST) or are implementing the OECD’s Under Taxed Payment Rule (UTPR),” Cau said in a Friday note to clients.

      He highlighted companies such as London-listed Compass Group, which provides catering services to U.S. schools, and InterContinental Hotels, which owns at least 25 luxury hotels in the U.S., are likely to be affected by the proposed law.

      “Given US net international investment position is sharply negative, there is indeed scope for capital outflows if indeed S899 passes through the Senate in its current form,” he added.

      The impact of the bill won’t be limited to European companies or individuals from those states.

      The bill “could significantly increase tax rates applicable to certain non-U.S. individuals and business, governmental, and other entities,” said Max Levine, head of U.S. tax at the law firm Linklaters.

      This means it could also ensnare governments and central banks, which are large investors of U.S. Treasuries. France and Germany, for instance, held a combined $475 billion worth of U.S. government bonds as of March.

      The proposed tax would lower returns on U.S. Treasuries for those investors as “the de facto yield on US Treasuries would drop by nearly 100bps,” Deutsche Bank’s Saravelos added. “The adverse impact on demand for USTs and funding the US twin deficit at a time when this is most needed is clear”.

      “It’s very bad,” said Beat Wittmann, chairman of Switzerland-based Porta Advisors. “This is huge — this is just one piece in the overall plan and it’s completely consistent with what this administration is all about.”

      “The ultimate judge for this is not our opinions, it’s the bond market,” Wittmann added. “The U.S. bond market is discounting these developments, and we have seen in the last few weeks, that if there was a safe haven move, investors clearly prefer German bunds.”

      Large Australian pension funds with U.S. investments have also been reportedly concerned by the bill, since Australia operates a medicines subsidy scheme that is opposed by large U.S. pharmaceutical companies.

      Legal experts at the Mayer Brown law firm suggest that “significant changes” could be made to the bill as it passes through the U.S. Senate before it’s enshrined into law by Trump.

      “As such, there may be questions about whether the provisions of the proposal that override tax treaties could be included in the US Senate’s version of the tax bill,” Mayer Brown’s experts said.

      This post appeared first on NBC NEWS

      Byron Allen is putting his broadcast TV stations up for sale.

      Allen Media Group said on Monday it has retained investment bank Moelis & Co. to sell its group of 28 owned and operated broadcast TV stations, which are affiliated with ABC, NBC, CBS and Fox in 21 markets across the U.S.

      In a news release, Allen said the company has invested more than $1 billion into acquiring the stations over the past six years and after receiving “numerous inquiries and written offers” for most of the stations, has decided to explore a sale.

      The Allen Media Group stations join others that have recently hit the sale block. Last year, CNBC reported that Sinclair was exploring the sale of more than 30% of its stations. Apollo Global Management is also reportedly exploring a sale of its Cox Media Group portfolio of TV and radio stations.

      Allen Media Group said a sale of the stations would significantly reduce its debt load. Earlier this year, the company refinanced a $100 million debt facility. While S&P Global Ratings said it expected the company to maintain sufficient liquidity over the next 12 months, it noted that Allen Media Group still maintained a junk rating and faced future debt risks.

      Last year, CNBC reported that Allen Media Group had been consistently late in making payments to its network owners, in some cases as much as 90 days past due, with the payments totaling tens of millions of dollars throughout the year. The reason for the lateness had been unclear, and representatives for Allen Media Group declined to address the details of CNBC’s reporting.

      The stations have also reportedly undergone layoffs.

      Allen, a former comedian, founded Entertainment Studios, now known as Allen Media Group, in the early 1990s. He later formed Allen Media Group Broadcasting in 2019 and has built up his profile and business ever since with a string of smaller deals.

      He has also become known for expressing interest in buying various media assets to bulk up his media empire. In recent years, he has made a $30 billion bid for Paramount Global when it was up for sale in 2024, as well as a $10 billion offer for ABC and other Disney networks, and he reportedly offered $3.5 billion for Paramount’s BET Media Group.

      Disclosure: Comcast’s NBCUniversal is the parent company of CNBC and broadcast network NBC.

      This post appeared first on NBC NEWS

      Uber said Monday that Pierre-Dimitri Gore-Coty, one of the company’s longest-tenured top executives and the head of is delivery business is leaving after almost 13 years.

      Gore-Coty joined Uber as a general manager in France in 2012, and worked his way up to become vice president of mobility for the Europe and Middle East region four years later, according to his LinkedIn profile. He was named senior vice president of delivery in 2021.

      “It’s hard to imagine Uber without Pierre, because there hasn’t been much Uber without Pierre,” CEO Dara Khosrowshahi said in a statement that was part of a regulatory filing. “As one of our first employees, he was a driving force behind our global Mobility expansion and stepped up to run Uber Eats just weeks before the first Covid lockdowns.”

      The company didn’t say what Gore-Coty plans to do next.

      Uber also said that Andrew Macdonald, the company’s senior vice president of mobility and business operations, will become chief operating officer, reporting to Khosrowshahi. Macdonald, 41, will oversee the company’s global mobility, delivery and autonomous businesses in addition to “key cross-platform functions like membership, customer support, safety, and more,” the filing said.

      Gore-Coty is one of 11 people listed on Uber’s executive team page. Macdonald is the only one who has worked at the company longer. He joined in May 2012, four months before Gore-Coty, according to LinkedIn.

      “These last nearly 13 years have been the ride of a lifetime,” Gore-Coty said in the statement. “It was a true team effort, and I’m so proud of what we’ve built and the impact we’ve had on daily life in cities around the world.”

      Uber shares were little changed in extended trading after closing on Monday at $83.64. The stock is up 39% this year, while the Nasdaq is about flat.

      Last month, the company reported first-quarter results that beat on earnings but missed on revenue. A month earlier, the Federal Trade Commission sued Uber, alleging that the company engaged in “deceptive billing and cancellation practices” related to its Uber One subscription service.

      In an interview with CNBC’s “Squawk Box,” Khosrowshahi characterized the lawsuit as “a bit of a head-scratcher for us.”

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