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U.S. Ambassador to Israel Mike Huckabee lashed out at almost 30 Western countries who on Monday called for Israel to end the war in Gaza, saying in a post on X that ‘when Hamas thinks you do good work, you are doing evil.’

‘How embarrassing for a nation to side w/ a terror group like Hamas & blame a nation whose civilians were massacred for fighting to get hostages released,’ wrote Huckabee after Hamas – whose Oct. 7, 2023, mass terror attack on Israel sparked the ongoing war in Gaza – said it welcomed ‘the contents of the joint statement issued by the United Kingdom Government along with 25 other countries, calling for an immediate end to the war on the Gaza Strip.’

The U.S. and EU-designated terror group also reiterated its claims that Israel was carrying out a ‘policy of starvation’ on the coastal enclave amid unverified reports that people have died due to hunger-related reasons. Fox News Digital has not been able to independently verify such reports.

‘The statement’s condemnation of the killing of over 800 Palestinian civilians at the gates of U.S.-Israeli-controlled aid checkpoints underscores the brutality of this mechanism,’ Hamas wrote following a statement issued by the U.K. Foreign Office and U.K. Foreign Secretary David Lammy.

‘The suffering of civilians in Gaza has reached new depths,’ read Lammy’s statement, which was also signed by the foreign ministers of 28 countries.

‘If Hamas embraces you – you are in the wrong place,’ Israel’s Foreign Minister Gidon Saar responded on X. ‘Hamas’s praise for the statement by the group of countries is the best proof of the mistake they made – part of them out of good intentions and part of them out of an obsession against Israel.’ 

Since launching a new model for food aid distribution in the war-torn strip in early May, Israel and the U.S. have come under fire from the international community over near-daily reports of people dying while attempting to receive aid or not receiving any aid at all.

Israel has refuted claims that there is hunger in Gaza or that it is using starvation as a tactic of the now 22-month-old war. Rather, officials have said they are working to prevent Hamas from stealing aid being distributed by veteran, mostly U.N.-run, humanitarian agencies and sold for exorbitant prices in a bid to continue funding terror operations. 

Israel, which is tasked with securing routes to four aid centers run by the U.S.-backed Gaza Humanitarian Fund, has also denied that its soldiers intentionally kill Palestinian civilians but is rather issuing warning shots as a measure of crowd control. The GHF has so far delivered some 85 million meals since it started its aid operation in May.

U.N. spokesman Stéphane Dujarric said on Monday that Secretary-General Antonio Guterres ‘deplored the growing reports of both children and adults suffering from malnutrition and strongly condemned the ongoing violence, including the shooting, killing and injuring of people attempting to get food.’

‘As someone who has spent over 40 years in Israel’s Security Establishment – both as IDF Chief of Staff & Minister of Defense, I can say this unequivocally: Not only has Israel never starved or targeted civilians, but it goes above and beyond to protect civilians in the most complex of war zones like Gaza,’ Israeli opposition leader Benny Gantz wrote on X.

‘We must be clear – culpability for harm inflicted to civilians rests on terrorist Hamas and Hamas only,’ he added. 

On Tuesday, Dr. Mohammed Abu Salmiya, director of Al-Shifa Medical Complex in Gaza, said in a statement that ‘twenty-one children have died due to malnutrition and starvation in various areas across the Gaza Strip.’ 

‘Every moment, new cases of malnutrition and starvation are arriving at Gaza’s hospitals,’ he said.  

Kobi Michael, a senior researcher at the Institute for National Security Studies in Tel Aviv who has been monitoring the situation in Gaza closely, told Fox News Digital that he was ‘not aware of a single official report that people died because of starvation or hunger.’ 

‘I’m not familiar with any such report, but I am familiar with many warnings that were published by international organizations about the catastrophe that exists in Gaza and how in two months or so, 40 or 50,000 people will die because of hunger, but nobody has died because of hunger, because there is no hunger,’ he said, adding, ‘if there are some local problems of supply, it is because of Hamas – not because of the IDF.’

Michael, who is also a fellow at the Misgav Institute in Jerusalem, pointed out that Hamas ‘loots, robs and steals the humanitarian aid, partially for themselves, to feed themselves and the rest is sold in very high prices to the local population in order to make money.’

Israel’s goal of weakening Hamas’s grip on the Strip – and on aid agencies – appeared to be working on Monday, with The Washington Post reporting that the terror group ‘is facing its worst financial and administrative crisis in its four-decade history’ and is struggling to find the resource it needs to continue fighting Israel or rule Gaza. 

Quoting a former high-level Israeli intelligence officer, and current Israel Defense Forces officers, the report said that Hamas could no longer pay its fighters or rebuild its underground terror tunnels, where it is believed to be holding some 50 hostages, both alive and dead, who kidnapped during its Oct. 7 attack. 

This post appeared first on FOX NEWS

The Department of Justice signaled a shift in its approach to the Jeffrey Epstein investigation, with Deputy Attorney General Todd Blanche revealing that he has reached out to Ghislaine Maxwell to gauge her willingness to cooperate with prosecutors.

Blanche confirmed Tuesday that, under the direction of Attorney General Pam Bondi, the DOJ is now open to hearing what Maxwell might have to offer regarding uncharged individuals who may have participated in Epstein’s criminal enterprise.

‘This Department of Justice does not shy away from uncomfortable truths, nor from the responsibility to pursue justice wherever the facts may lead,’ Blanche said in a post on X Tuesday.

The House Oversight Committee also took action in the case Tuesday by voting to subpoena Maxwell, requiring her to appear for a deposition.

A House Oversight Committee source told Fox News the Committee will move quickly to subpoena Maxwell. Since she is in federal prison, the Committee will coordinate with the DOJ and Bureau of Prisons to schedule her deposition, they said.

In his statement Tuesday, Blanche reaffirmed the July 6 joint statement issued by the DOJ and FBI, which concluded that a thorough review of FBI files related to the Epstein case uncovered no new evidence to support charges against additional parties. 

‘Namely, that in the recent thorough review of the files maintained by the FBI in the Epstein case, no evidence was uncovered that could predicate an investigation against uncharged third parties,’ Blanche wrote.

That memo, which was signed by FBI Director Kash Patel and Deputy Director Dan Bongino, sparked controversy after President Donald Trump, Bondi and FBI leaders repeatedly said they would release all documents related to Epstein.

Sources told Fox News that Bongino, who signed off on the memo, complained about it in private following public backlash.

The new outreach to Maxwell is in the hopes that Epstein’s convicted accomplice ‘has information about anyone who has committed crime against victims,’ Blanche said.

‘President Trump has told us to release all credible evidence…’ he wrote. ‘Therefore, at the direction of Attorney General Bondi, I have communicated with counsel for Ms. Maxwell to determine whether she would be willing to speak with prosecutors from the Department.’

The new outreach to Maxwell marks the first time, according to Blanche, that any administration has approached her legal team with an inquiry into potential cooperation. 

‘That changes now,’ Blanche emphasized.

Blanche said he ‘anticipates meeting with Ms. Maxwell in the coming days.’

David Oscar Markus, Maxwell’s attorney, confirmed to Fox News that they are ‘in discussions with the government and that Ghislaine will always testify truthfully.’

‘We are grateful to President Trump for his commitment to uncovering the truth in this case,’ he said.

Patel responded succinctly to Blanche’s statement, writing on X Tuesday: ‘Get it.’

A federal judge has paused the U.S. government’s effort to unseal grand jury transcripts from the Maxwell case, demanding a more detailed legal justification and a complete submission of the materials before ruling. 

In an order filed Tuesday, Southern District of New York Judge Paul A. Engelmayer said prosecutors failed to address the legal standards required for disclosing such sensitive documents.

By July 29, the government must file a memorandum and provide redacted and unredacted versions of the grand jury transcripts. Maxwell and any victims who would like to weigh in are required to submit statements by August 5.

If unsealed, the transcripts could reveal previously unseen testimony and possibly identify other individuals connected to the Epstein enterprise. 

Maxwell was convicted in 2021 of helping Epstein traffic teen girls. She was sentenced to 20 years in prison and has appealed her case to the U.S. Supreme Court.

According to prosecutors’ and survivor’s testimony, Maxwell helped recruit and groom underage girls, arrange travel and housing, as well as facilitate abuse at properties owned by Epstein.

Victims described Maxwell as a trusted adult figure who manipulated and coerced them into sexual encounters with Epstein and others.

The DOJ and the FBI declined to provide additional comment, referring Fox News Digital to Deputy Blanche’s statement.

Fox News’ Chad Pergram contributed to this report.

This post appeared first on FOX NEWS

George Clooney is keeping quiet after Hunter Biden unleashed a string of vulgar attacks on the Hollywood actor.

Hunter, 55, accused Clooney, 64, of turning on his father, former President Joe Biden, and helping lead the charge to push him out of the 2024 race. 

‘I love George Clooney’s movies, but I don’t really give a s— what he thinks about who should be the nominee for the Democratic Party,’ Hunter said on the ‘At Our Table’ podcast. 

‘I was about to say I really like George Clooney as an actor, but the truth of the matter is, the truth is, I’ll be honest, I really don’t like George Clooney as an actor or as a person.’

Hunter recalled tensions between Clooney and his father behind the scenes at an event prior to the election.

‘George Clooney, before that event … literally threatened to pull out of the event — how many times? Five, six times? Over and over again, saying that he was so upset because my dad refused to recognize the arrest warrant for Netanyahu,’ Hunter said as he referred to the prime minister of Israel, Benjamin Netanyahu.

Hunter claimed Clooney’s behavior at the event was distant and alleged the actor only stayed for five minutes, spoke to no one except Barack Obama and ignored the rest of the crowd.

‘Literally, I was whispering in [Biden’s] ear saying, ‘Dad, f— him.’ … You got to be kidding me because I was so mad,’ Hunter added. ‘And he claims in his arrogance that my dad, the president of the United States, didn’t know who the actor was.’

Reps for Clooney did not immediately respond to Fox News Digital’s request for comment. 

Clooney has yet to comment publicly on Hunter’s comments, even as the president’s son continues his media blitz.

In a separate appearance with Andrew Callaghan on his ‘Channel 5’ podcast over the weekend, Hunter’s criticism of Clooney escalated into a full-blown, hourslong meltdown accusing the ‘Ocean’s 11’ star of sabotaging his father’s re-election effort.

Hunter said the alleged move was made with ‘the blessing’ of former President Obama and his cohorts.

‘F— him! F— him and f— everybody around him,’ Hunter said bluntly. ‘I don’t have to be f—ing nice. No. 1, I agree with Quentin Tarantino. George Clooney is not a f—ing actor. He is a f—ing, I don’t know what he is. He’s a brand.’

The former president’s son’s rage emerged as they discussed Clooney’s infamous New York Times op-ed, which was published days after his father’s widely criticized debate performance. 

Clooney called for Biden to step aside as the Democratic nominee at the time. 

‘It’s devastating to say it, but the Joe Biden I was with three weeks ago at the fundraiser was not the Joe ‘big f—ing deal’ Biden of 2010. He wasn’t even the Joe Biden of 2020,’ Clooney wrote. ‘He was the same man we all witnessed at the debate.’

Clooney’s statement appeared to trigger a furious response from Hunter, who blasted the actor for spreading what he called false claims about his father’s mental health. 

‘Why do I have to f—ing listen to you?’ Hunter asked during the podcast. ‘What do you have to do with f—ing anything?… What right do you have to step on a man who’s given 52 years of his f—ing life to the service of this country and decide that you, George Clooney, are going to take out basically a full-page ad in the f—ing New York Times to undermine the president?’

Biden withdrew from the race July 21, 2024, and was replaced on the Democratic ticket by Kamala Harris.

Hunter also noted Clooney was friends with former President Obama and only published his essay with the ‘blessing of the Obama team.’ 

‘You know what George Clooney did? Because he sat down with, I guess, because he was given a blessing by the Obama team, the Obama people and whoever else,’ he said. 

In April, Clooney spoke with CNN’s Jake Tapper about writing the op-ed, saying it was his ‘civic duty.’

‘It was a civic duty because I found that people on my side of the street — you know, I’m a Democrat in Kentucky, so I get it. When I saw people on my side of the street not telling the truth, I thought that was time to … some people [are mad], sure. That’s OK, you know. Listen, the idea of freedom of speech is you can’t demand freedom of speech and then say, ‘But don’t say bad things about me,‘’ Clooney said.

While on ‘The Late Show with Stephen Colbert’ in February, Clooney spoke about Harris losing to Donald Trump in the presidential election. 

‘I was raised a Democrat in Kentucky … and you know I’ve lost a lot of elections. … You know, this is democracy and this is how it works,’ he said.

‘It didn’t work out. That’s what happens. It’s part of democracy. … And, you know, there’s people that agree and people who disagree, and most of us still like each other. We’re all gonna get through it.’

Clooney spoke about President Trump again in April during an interview with Patti LuPone for Variety’s ‘Actors on Actors: Broadway.’

‘He’s charismatic. There’s no taking that away from him. He’s a television star. But eventually we’ll find our better angels. We have every other time,’ he said.

‘If you’re a Democrat, we have to find some people to represent us better, who have a sense of humor and who have a sense of purpose. I think we’ll get the House back in a year and a half, and I think that’ll be a check and balance on power.’

Earlier this year, Clooney was thrust into the spotlight as questions about his family’s future in the U.S. under President Trump’s administration arose.

Clooney’s wife, Amal, is an international human rights lawyer born in Lebanon and raised in the U.K., and she holds legal credentials in both Britain and the United States. 

Amal reportedly gave legal advice in a war crimes case against Israeli Prime Minister Netanyahu and Israeli Defense Minister Yoav Gallant over the war in Gaza, according to the Financial Times.

A Trump executive order claimed the court ‘engaged in illegitimate and baseless actions targeting America and our close ally Israel. The ICC has, without a legitimate basis, asserted jurisdiction over and opened preliminary investigations concerning personnel of the United States and certain of its allies, including Israel, and has further abused its power by issuing baseless arrest warrants targeting Israeli Prime Minister Benjamin Netanyahu and Former Minister of Defense Yoav Gallant.

‘The United States will impose tangible and significant consequences on those responsible for the ICC’s transgressions, some of which may include the blocking of property and assets, as well as the suspension of entry into the United States of ICC officials, employees, and agents, as well as their immediate family members.’ 

Clooney proposed to Amal in April 2014, and the couple married five months later in Venice, Italy. In 2017, the Clooneys welcomed twins Alexander and Ella.  

Fox News Digital’s Tracy Wright contributed to this report.

This post appeared first on FOX NEWS

In a damning new report, researchers reveal how China came to control over 80% of the critical raw battery materials needed for defense technology — posing an urgent national security threat.

Through lax permitting processes, weak environmental standards, and aggressive state-led interventions, China has come to dominate global supplies of graphite, cobalt, manganese, and the battery anode and cathode materials that power advanced defense systems.

‘Batteries will be one of the bullets of future wars,’ the report’s authors warn, citing their essential role in drones, handheld radios, autonomous submersibles, and emerging capabilities like lasers and directed energy weapons.

According to the Foundation for Defense of Democracies (FDD), the Chinese Communist Party (CCP) has weaponized global battery infrastructure through a combination of state subsidies, forced intellectual property transfers, and predatory pricing practices.

China didn’t just rely on low-cost tactics — it also used its financial muscle abroad. Over the past two decades, at least 26 state-backed banks have pumped roughly $57 billion into mining and processing projects in Africa, Latin America, and beyond. These investments, often structured through joint ventures and special-purpose vehicles, gave Chinese firms controlling stakes in mineral mining, the report said. 

Through its Belt and Road Initiative, China has leveraged influence in resource-rich developing nations, securing control over massive critical mineral deposits. Today, it processes approximately 65% of the world’s lithium, 85% of graphite, 70% of cathodes, 85% of anodes, and a staggering 97% of anode active materials.

Beyond powering drones, handheld radios, and electric vehicles, lithium is critical in strategic military systems: lithium-ion batteries are used in grid support for bases and emerging directed-energy weapons.

Moreover, Beijing has begun weaponizing export controls: since 2023, it has tightened restrictions on processed graphite, gallium, and germanium — later adding antimony, tungsten, and rare earths to the roster. These measures curb exports via a licensing regime and broad bans on exports to the U.S., signaling a clear geopolitical leverage too, according to the report. 

Both lithium and graphite are essential for modern nuclear weapons. Cobalt alloys are used in jet engines, naval turbines, electronics connectors, and sensors capable of withstanding extreme temperatures, vibration, and radiation-making. 

While American and allied reserves of lithium — both brine and hard rock — are being tapped, with new projects in North and South Carolina targeting domestic spodumene processing, the report claims U.S. mineral mining and refining are not advancing quickly enough to meet national security demands.

Permitting obstacles account for roughly 40% of all delays in mining projects, the report notes, with processing operations facing similarly cumbersome constraints.

Chinese subsidies ‘dwarf’ those available to U.S. firms, and include tax exemptions, direct manufacturing grants, and ultra-low-interest loans, the report said. 

U.S. firms are now accelerating investment in domestic alternatives to China’s lithium. With new Trump administration initiatives aimed at incentivizing critical mineral development—and forecasts projecting the U.S. lithium market to grow by roughly 500% over the next five years — American companies are beginning to build out processing capacity on home soil. 

Piedmont Lithium is developing a lithium hydroxide facility in North Carolina to process spodumene concentrate from its U.S. deposits, while Albemarle recently announced plans for a new lithium processing plant in Chester County, South Carolina. Both projects are designed to feed a fast-growing domestic battery ecosystem and reduce dependence on Chinese supply chains.

But to become globally competitive, the report argues, the U.S. must take a far more proactive approach, including incentivizing private-sector investment, streamlining federal permitting, establishing a national critical minerals stockpile, building technical talent pipelines, creating special economic zones, and developing robust domestic processing infrastructure.

The authors also stress the importance of ally-shoring, recommending diplomatic coordination with trusted partners — similar to prior U.S. efforts involving Ukraine, Greenland, and the DRC in rare-earth sourcing — to construct resilient supply chains beyond China’s reach.

‘Despite China’s control of the battery supply chain, this is a time of great vulnerability for Beijing, while the United States and its core allies remain strong,’ the report concludes. 

‘It is time for new guardrails, muscular statecraft, and a unified international response to non-market manipulation. Building critical supply chains that are independent of China’s coercive economic practices can help unleash a wave of cooperation among free-market nations that will lift up both established allies and emerging market partners and turn the tide against China’s parasitic economic model.’

This post appeared first on FOX NEWS

 

Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the Metals & Mining Virtual Investor Conference to be held July 23 rd and 24 th .

 

Individual investors, institutional investors, advisors, and analysts are invited to attend.

 

   REGISTER HERE   

 

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations, or schedule 1×1 meetings with management.

 

‘We’re pleased to bring together a diverse lineup of resource companies for this new edition of the Metals & Mining Virtual Investor Conference,’ said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. ‘From explorers to producers, these companies reflect the depth and global reach of today’s metals and mining sector. This two-day event continues to be an effective platform for companies—whether OTCQX, OTCQB, OTCID, or exchange listed—to connect with investors and share their strategic vision in real time.’

 

  July 23   rd  

 

                                 

  Eastern  
Time (ET)  
  Presentation     Ticker(s)  
  9:30 AM ET   Andean Silver Ltd.   (OTCQX: ADSLF | ASX: ASL)  
  10:00 AM ET   G50 Corp. Limited   (OTCQB: GFTYF | ASX: G50)  
  10:30 AM ET   Silver Tiger Metals Inc.   (OTCQX: SLVTF | TSXV: SLVR)  
  11:00 AM ET   Viva Gold Corp.   (OTCQB: VAUCF | TSXV: VAU)  
  11:30 AM ET   Liberty Gold Corp.   (OTCQX: LGDTF | TSX: LGD)  
  12:00 PM ET   UR-Energy Inc.   (NYSE American: URG | TSX: URE)  
  12:30 PM ET   Arizona Sonoran Copper Company   (OTCQX: ASCUF | TSX: ASCU)  
  1:00 PM ET   Northisle Copper & Gold Inc.   (OTCQX: NTCPF | TSXV: NCX)  
  1:30 PM ET    Element79 Gold Corp.    (OTCQB: ELMGF | CSE: ELEM,OTC:ELMGF)
  2:00 PM ET   Rackla Metals Inc.   (TSXV: RAK)  

 

  
July 24
  th  

 

                        

  Eastern  
Time (ET)  
  Presentation     Ticker(s)  
  11:00 AM ET   Heliostar Metals Ltd.   (OTCQX: HSTXF | TSXV: HSTR)  
  11:30 AM ET   Camino Minerals Corp   (OTCID: CAMZF | TSXV: COR)  
  12:00 PM ET   West Red Lake Gold Mines   (OTCQB: WRLGF | TSXV: WRLG)  
  12:30 PM ET   Silver47 Exploration Corp.   (OTCQB: AAGAF | TSXV: AGA)  
  1:30 PM ET   Axcap Ventures Inc.   (OTCID: GARLF | CSE: AXCP)  
  2:00 PM ET   AbraSilver Resource Corp.   (OTCQX: ABBRF | TSX: ABRA)  
  2:30 PM ET   Myriad Uranium Corp.   (OTCQB: MYRUF | CSE: M)  

 

 
To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .

 

  About Virtual Investor Conferences   ®

 

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

 

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

 

  Media Contact:  
OTC Markets Group Inc. +1 (212) 896-4428,   media@otcmarkets.com   

 

  Virtual Investor Conferences Contact:  
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com  

 

   

 

 

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

 

(TheNewswire)

 

  

   
 

  

  The recent installation of metal ladders provided new and safe access for the geological crew to sample a different portion of this zone on a sub-level, resulting in composite channel assays of   50.3 g/t Au and 269 g/t Ag over 1.7 metres, 34.6 g/t Au and 228 g/t Ag over 1.0 metre, 9.84 g/t Au and 141 g/t Ag over 4.2 metres and 8.33 g/t Au and 154 g/t Ag over 1.8 metres   .  

 

  ‘We continue to be impressed by the tenor and consistency of the grades at Pinos Cuates,’ stated   Robert Archer, Pinnacle’s President & CEO.  ‘While the underground workings give us access to a portion of the mineralized zone, we still don’t know its extent.  In these low-sulphidation epithermal systems, pockets of high-grade mineralization typically pinch and swell both along strike and up and down dip.  The underground work is allowing us to characterize the mineralization such that we will be better able to find and delineate other zones within the Dos de Mayo vein system.  Some follow up sampling on these results has already been conducted and we are planning an underground drilling program to better define the extent of this mineralized zone as it can be difficult to drill through underground workings from surface.’  

 

Individual Sample Results and Composite Channel Assays – Pinos Cuates Raise

 

                                                                                                      

 

Sample No.

 

 

Sample Length (m)

 

 

Composite No.

 

 

Composite Length (m)

 

 

Au g/t

 

 

Ag g/t

 

 

  EPUG25421  

 

 

1.0

 

 

13

 

 

1.0

 

 

34.6

 

 

228

 

 

EPUG25422

 

 

0.5

 

 

14

 

   

85.1

 

 

520

 

 

  EPUG25423  

 

 

0.6

 

 

14

 

   

30.5

 

 

143

 

 

  EPUG25424  

 

 

0.6

 

 

14

 

   

41.1

 

 

187

 

     

14

 

 

1.7

 

 

50.3

 

 

269

 

 

  EPUG25425  

 

 

0.8

 

 

15

 

   

7.8

 

 

59

 

 

  EPUG25426  

 

 

0.6

 

 

15

 

   

24.1

 

 

288

 

 

  EPUG25427  

 

 

0.7

 

 

15

 

   

5.8

 

 

138

 

 

  EPUG25428  

 

 

0.7

 

 

15

 

   

17.4

 

 

327

 

 

  EPUG25429  

 

 

0.7

 

 

15

 

   

4.0

 

 

38

 

 

  EPUG25430  

 

 

0.7

 

 

15

 

   

2.3

 

 

31

 

     

15

 

 

4.2

 

 

9.8

 

 

141

 

 

  EPUG25431  

 

 

0.5

 

 

16

 

   

10.7

 

 

214

 

 

  EPUG25432  

 

 

0.5

 

 

16

 

   

15.0

 

 

256

 

 

  EPUG25433  

 

 

0.8

 

 

16

 

   

2.7

 

 

52

 

     

16

 

 

1.8

 

 

8.3

 

 

154

 

 

  A total of 42 channel samples were taken in 16 composite channels in the raise.  Grades ranged from 0.105 to 85.1 g/t Au and 9 to 520 g/t Ag.  All samples were assayed for gold, silver and a suite of 32 other elements, including copper, lead and zinc.  However, the base metal assays were consistently low, confirming that this is a precious metal dominant system.  

 

  The Pinos Cuates mine is the middle of three historic mines along a 500 metre strike length on the Dos de Mayo vein system on the Potrero property.  Underground sampling is continuing at the Dos de Mayo mine to the southeast and will be followed by sampling of the La Dura mine to the northwest.  The vein system has been traced on surface for 1,600 metres and there are other parallel and splay veins that are being further defined as the property has never been systematically explored.  The mine workings are currently being accurately surveyed such that a 3D model can be created.  

 

QA/QC

 

  The technical results contained in this news release have been reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (‘NI 43-101’).  Pinnacle has implemented industry standard practices for sample preparation, security and analysis given the stage of the Project.  This has included common industry QA/QC procedures to monitor the quality of the assay database, including inserting certified reference material samples and blank samples into sample batches on a predetermined frequency basis.  

 

  The systematic chip channel sampling was completed across exposed mineralized structures using a hammer and maul.  The protocol for sample lengths established that they were not longer than two metres or shorter than 0.3 metres.  The veins tend to be steeply dipping to vertical, and so these samples are reasonably close to representing the true widths of the structures.  Samples were collected along the structural strike or oblique to the main structural trend.  

 

  All samples were bagged in pre-numbered plastic bags; each bag had a numbered tag inside and were tied off with adhesive tape and then bulk bagged in rice bags in batches not to exceed 40 kg.  They were then numbered, and batch bags were tied off with plastic ties and delivered directly to the SGS laboratory facility in Durango, Mexico for preparation and analysis.  The lab is accredited to ISO/IEC 17025:2017.  All Samples were delivered in person by the contract geologist who conducted the sampling under the supervision of the QP.  

 

  SGS sample preparation code G_PRP89 including weight determination, crushing, drying, splitting, and pulverizing was used following industry best practices where all samples were crushed to 75% less than 2 mm, riffle split off 250 g, pulverized split to >85% passing 75 microns (μm).  All samples were analyzed for gold using code GA_FAA30V5 with a Fire Assay determination on 30g samples with an Atomic Absorption Spectography finish.  An ICP-OES analysis package (Inductively Coupled Plasma – Optical Emission Spectrometry) including 33 elements and 4-acid digestion was performed (code GE_ICP40Q12) to determine Ag, Zn, Pb, Cu and other elements.  

 

Qualified Person

 

  Mr. Jorge Ortega, P. Geo, a Qualified Person, and independent from Pinnacle, as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed, verified and approved for disclosure the technical information contained in this news release.  

 

  About the Potrero Property  

 

  El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).  

 

  High-grade   gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length.  The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.  

 

  A previously operational 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres.  Surface rights covering the plant and mine area are privately owned (no community issues).  

 

  Pinnacle will earn an initial 50% interest immediately upon commencing production.  The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR.  If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.  

 

      About Pinnacle Silver and Gold Corp.  

 

  Pinnacle   is   focused   on   district-scale   exploration   for   precious   metals   in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production   .   In the prolific   Red   Lake   District   of   northwestern   Ontario, the Company owns a 100%   interest in the   past-producing,   high-grade   Argosy   Gold   Mine and the adjacent North Birch   Project   with an eight-kilometre-long target horizon   .   With   a   seasoned,   highly   successful   management   team   and   quality   projects,   Pinnacle   Silver   and   Gold   is committed   to   building   long   -term   ,   sustainable   value   for   shareholders.  

 

  Signed: ‘Robert A. Archer’  

 

  President & CEO  

 

    For further information contact   :  

 

  Email:     info@pinnaclesilverandgold.com    

 

  Tel.:  +1 (877) 271-5886 ext. 110  

 

    Website:     www.pinnaclesilverandgold.com    

 

  Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release   .  

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

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The artificial intelligence arms race is entering a new phase as major industry players ramp up investments to keep up with their rivals.

In the span of just a few weeks, the world’s biggest tech firms have unveiled a flurry of moves aimed at shoring up their positions, ranging from massive chip and data center deals to fresh funding rounds.

Oracle bets big on OpenAI’s Stargate vision

OpenAI has expanded its partnership with Oracle (NYSE:ORCL) to deliver an additional 4.5 gigawatts of data center capacity in the US, pushing the total capacity of its Stargate AI infrastructure platform to over 5 gigawatts.

According to the company, the development will run on more than 2 million chips and is poised to play a central role in OpenAI’s push to reindustrialize American tech infrastructure while delivering what it describes as the ‘benefits of AI to everyone.’

The agreement with Oracle alone will also generate over 100,000 jobs in the US, spanning construction, operations, and manufacturing roles. Much of the current work is already underway at the Stargate I site in Abilene, Texas, where Oracle began delivering racks of Nvidia’s new GB200 chips last month.

“We now expect to exceed our initial commitment thanks to strong momentum with partners including Oracle and SoftBank,” OpenAI said in the statement.

The original commitment, announced at the White House earlier this year, involved a pledge to invest US$500 billion into 10 gigawatts of AI infrastructure in the US over four years.

Google moves to repair media ties with AI licensing push

Alphabet’s (NASDAQ:GOOGL) Google announced that it is in the early stages of negotiating licensing deals with roughly 20 national news outlets as part of a pilot program aimed at securing content for AI training and product integration.

“We’ve said that we’re exploring and experimenting with new types of partnerships and product experiences, but we aren’t sharing details about specific plans or conversations at this time,” a Google spokesperson said in a statement as reported by Bloomberg.

The company representative declined to confirm which media outlets had been approached.

The outreach follows growing pressure on major AI companies to compensate publishers whose content is increasingly used to train chatbots and generative search tools.

Tensions between Silicon Valley and news publishers have escalated over the past year. In December 2023, the New York Times filed a copyright lawsuit against OpenAI and Microsoft (NASDAQ:MSFT), alleging that their AI models were trained on millions of Times articles without permission.

At the same time, platforms like Google Search and its Gemini-powered “AI Overviews” have continued to draw content from publishers without offering direct compensation, prompting fears that generative AI could further erode traffic to original news sources.

Reka AI hits US$1 billion valuation in Nvidia-led funding round

While OpenAI and Google scale infrastructure and broker content deals, venture capital continues to flow into AI startups aiming to disrupt the model development space.

On Tuesday (July 22), Reka AI—a lesser-known player developing efficient large language models—announced a US$110 million Series B round that vaulted its valuation above US$1 billion.

The round was backed by NVIDIA Corporation (NASDAQ:NVDA) and Snowflake (NYSE:SNOW), among others.

Founded in 2022 by former researchers from Google and Meta, Reka claims it can build powerful foundation models with greater efficiency than its larger peers. The startup has also expanded its product offerings to include enterprise tools for application logic and interface development.

Snowflake, which previously held acquisition talks with Reka, now plans to integrate Reka’s models into its customer offerings.

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

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A Malian court has upheld the detention of four employees of Barrick Mining (TSX:ABX,NYSE:B), rejecting an appeal filed by the Canadian mining company as its dispute with the military-led government deepens.

According to a Bloomberg report, Judge Samba Sarr ruled Tuesday (July 22) that the appeal was unfounded, according to Barrick’s legal counsel, Alifa Habib Koné.

The employees have been held in pre-trial detention since November 2023 on charges including money laundering and financial misconduct, allegations the company has dismissed as without merit.

In June, Mali’s transitional government placed the Loulo-Gounkoto mine under provisional administration and later removed nearly a metric ton of gold from the site. A similar seizure of three metric tons occurred earlier this year after Barrick suspended exports due to the dispute.

Barrick has initiated international arbitration proceedings, citing violations of its mining convention with the state.

The company says it was not formally notified of the appointment of the provisional administrator, who it later learned was a former company employee, Samba Touré, now serving as a liaison to the mines ministry. Touré has been facilitating state control of the site since the takeover.

The Loulo-Gounkoto complex, which Barrick operates and owns 80 percent of, remains central to its African portfolio. The remaining 20 percent is held by the Malian government.

Barrick reported that its Malian operations generated US$949 million in revenue during the first nine months of 2023.

The company has framed the seizures and detentions as part of a broader dispute over tax claims and the implementation of Mali’s new mining code, which includes increased state equity and royalty rates.

In December 2023, a court in Bamako issued a warrant for the arrest of Barrick CEO Mark Bristow. The company has not publicly addressed the warrant but continues to operate in the country while pursuing legal remedies.

Amid the mounting friction in Mali, Barrick is in discussions to sell its Hemlo mine in Ontario, its last producing gold asset in Canada.

The prospective buyer is Discovery Silver (TSX:DSV,OTCQX:DSVSF), which has been expanding its portfolio following its recent acquisition of Newmont (TSX:NGT,NYSE:NEM) Porcupine operation for up to US$425 million.

A finalized Hemlo deal would mark Barrick’s complete exit from Canadian gold production. Hemlo has seen declining output in recent years and is no longer considered core to Barrick’s long-term strategy.

The ongoing standoff in Mali continues to affect the company’s export flows and local operations, with no resolution yet announced regarding the release of detained staff or the return of the seized gold.

The Loulo-Gounkoto mine produced over 680,000 ounces of gold in 2023, making it one of the most productive in West Africa.

Barrick has said it remains committed to resolving the dispute under the terms of its longstanding mining agreement with Mali.

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

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Copper prices have seen considerable gains in 2025, reaching a record high on the COMEX of US$5.68 per pound on July 8. Rising prices and supportive policy have elevated many copper stocks.

The price of copper has experienced volatility since the start of the year, as shifting US trade policy has created competing scenarios amid recession and the imposition of tariffs.

On July 8, the price spiked to fresh all-time highs after US President Donald Trump announced he would impose a 50 percent tariff on all copper being imported into the United States.

Although no specific timeline was set for when the tariffs would take effect, the price of metals gained on the COMEX as traders worked to secure supplies ahead of any potential deadline. Despite since recording a marginal pullback, copper has continued to trade near record highs.

Meanwhile, the copper price on the London Metals Exchange didn’t receive the same lift from the tariff news, although it did briefly move above US$10,000 per metric ton on July 2 before pulling back to under US$9,700.

Against that backdrop, how have TSX-listed copper companies performed? Learn about the top five best-performing copper stocks in 2025 by year-to-date gains below. Data for this article was retrieved on July 16, 2025, using TradingView’s stock screener, and only companies with market capitalizations greater than C$50 million are included.

1. St. Augustine Gold and Copper (TSX:SAU)

Year-to-date gain: 281.25 percent
Market cap: C$303.42 million
Share price: C$0.305

St. Augustine Gold and Copper is a development company focused on its King-king copper-gold project in the Philippines’ Davao de Oro province. The project consists of 184 mining claims.

According to the latest preliminary economic assessment from 2013, the company projects an after-tax net present value of US$1.78 billion, with an internal rate of return of 24 percent and a payback period of 2.4 years using a base case scenario of a copper price of US$3.00 per pound and a gold price of US$1,250 per ounce.

The company is currently working towards an update to the study.

On May 30, St. Augustine announced that it had entered into an agreement with the National Development Corporation (Nadecor) to acquire a 100 percent interest in Nadecor’s wholly owned subsidiary Kingking Milling, which holds the development rights to King-king.

Under the terms of the deal, Nadecor will receive C$9.02 million convertible into 185 million shares.

The project’s exploration and development permits are held by Kingking Mining, which remains a 40/40/20 joint venture between St. Augustine, Nadecor and Queensberry Mining and Development. The release also includes details of new ore sales and royalty agreements between Kingking Milling and Kingking Mining.

On June 18, St. Augustine completed a debt conversion with Queensberry Mining originally announced on June 2, converting C$1.67 million in debt owed to Queensbury into 25.31 million common shares in St. Augustine at C$0.066 per share.

A follow-up announcement from Queensberry Mining stated that the shares represent a 2.5 percent stake in St. Augustine, increasing Queensberry’s holdings in the company to 52 percent of the total issued and outstanding shares.

Shares in St. Augustine Gold and Copper reached a year-to-date high of C$0.325 on July 7.

2. Northern Dynasty Minerals (TSX:NDM)

Year-to-date gain: 269.41 percent
Market cap: C$1.59 billion
Share price: C$3.14

Northern Dynasty Minerals is an exploration and development company focused on the Pebble project, a copper-molybdenum-gold-silver project located 200 miles southwest of Anchorage in the Bristol Bay region of Alaska, US.

Northern Dynasty says the site is “one of the greatest stores of mineral wealth ever discovered.”

It hosts a measured and indicated copper resource of 6.5 billion metric tons and an inferred copper resource of 4.5 billion metric tons. The Pebble property’s measured and indicated resources for molybdenum, gold and silver total 1.26 million metric tons, 53.82 million ounces and 249.3 million ounces, respectively.

The project stalled in 2020 during the permitting phase following a US Environmental Protection Agency (EPA) veto that suggested the proposed mine would damage the Bristol Bay watershed.

Early in 2024, the Supreme Court declined to hear the matter on procedural grounds, sending it back to the federal district court and the federal circuit of appeals before the Supreme Court would hear it.

Northern Dynasty spent the rest of 2024 advancing its case in Alaska’s state court. In March of that year, it announced the filing of actions to vacate the EPA’s veto.

In 2025, Shares of Northern Dynasty began to surge following US President Donald Trump’s March 20 executive order that called for expedited approvals for domestic mineral production and included copper as a strategically important mineral.

Since Trump became president, Northern Dynasty has been attempting to work with the EPA to vacate the veto on the project. On February 18, the company agreed to grant the EPA a requested 90 day extension to allow for review by the new leadership in the agency, and granted a further 30 day extension on May 14 and 20 day extension on June 12.

The most recent news came on July 4, when Northern Dynasty reported it was in negotiations with the EPA to explore a potential settlement and a decision was expected within the next two weeks.

Shares in Northern Dynasty reached a year-to-date high of C$3.14 on July 16.

3. Imperial Metals (TSX:III)

Year-to-date gain: 133.15 percent
Market cap: C$715.56 million
Share price: C$4.29

Imperial Metals is a mine development and production company with operations in British Columbia, Canada.

It holds a 30 percent interest in the Red Chris mine in BC’s Golden Triangle, with the remainder owned by Newmont (TSX:NGT,NYSE:NEM,ASX:NEM). Imperial also fully owns the Mount Polley copper-gold mine, which reopened in June 2022, and the Huckleberry copper mine, which has been under care and maintenance since 2016.

On May 9, the company clarified that claims by third parties that an injunction was granted to halt construction at the tailings facilities of its Mount Polley operation were incorrect, and that normal operations of the mine and construction of the tailing facilities would continue. This clarification followed an application for an interim injunction by Xatśūll First Nation on May 8, challenging provincial approval for a 4 meter raise of the tailings storage facility embankment.

A June 30 update reported that the BC Supreme Court reserved judgement on the case after a four day hearing, with a decision expected August 6. The court permitted construction of the tailings storage raise to continue in the interim, and Imperial stated it will not deposit tailings reliant on the raise until the court makes its decision.

The company also released an update from its 2025 exploration program at the mine, highlighting an assay of 0.46 percent copper over 152.5 meters, which included an intersection of 0.67 percent copper over 85 meters.

Imperial released its Q2 and H1 production results for the Mount Polley mine on July 9, reporting that the mine’s copper and gold production in the first half of the year increased 10.6 and 8.3 percent respectively, attributed to higher mill throughput as well as higher grades and recoveries for both metals. The mine produced 18.4 million pounds of copper and 21,682 ounces of gold during the period.

As for Red Chris, in Imperials’ first-quarter financial results released on May 12, the company reported its total Q1 copper production increased to 23.13 million pounds from 16.66 million pounds in Q1 2024. Imperial’s 30 percent share of production was 6.94 million pounds of copper.

Shares in Imperial reached a year-to-date high of C$5.49 on June 12.

4. Generation Mining (TSX:GENM)

Year-to-date gain: 124.24 percent
Market cap: C$95.21 million
Share price: C$0.37

Generation Mining is a copper and palladium exploration and development company working to advance its flagship Marathon copper-palladium project in Northwestern Ontario, Canada.

The property consists of 46 leases and 933 claim cells covering a total area of 21,883 hectares. Certain areas of the property are subject to net smelter royalties, which range from 1 percent to 4 percent.

A feasibility study for the project released on March 28 demonstrated an after-tax net present value of US$1.07 billion with an internal rate of return of 27.6 percent and a payback period of 1.9 years. It has a mine life of 13 years with planned annual production of 42 million pounds of copper and 168,000 ounces of palladium.

The included mineral resource estimate for Marathon reported a total measured and indicated resource of 1.09 billion pounds of contained copper from 244.1 million tons of ore with an average grade of 0.2 percent.

During the first half of 2025, Generation has been working to gain the necessary permits from the Ontario government required to begin construction at the site. The company reported on March 11 it received the final construction permit, and on May 22 received the final environmental permit, allowing it to begin construction.

While the company has not announced when this will occur, it has continued to raise funds throughout the second quarter. On June 24, it closed on an C$11.5 million bought deal financing.

Additionally, the company reported on June 6 that the Ontario government named Marathon in its recent request to the federal government to provide funding for shovel-ready critical mineral projects.

Generation’s share price has climbed significantly since mid-May, and reached a year-to-date high of C$0.44 on June 9.

5. Meridian Mining (TSX:MNO)

Year-to-date gain: 100 percent
Market cap: C$270.83 million
Share price: C$0.75

Meridian Mining is an exploration and development company developing its flagship Cabaçal copper-gold project in Mato Grosso, Brazil.

The project license covers a 50 square kilometer area and hosts an 11 kilometer volcanogenic massive sulfide corridor containing gold, copper and silver.

A pre-feasibility study released March 10 demonstrates a post-tax base case net present value of US$984 million with an internal rate of return of 61 percent and a payback period of 17 months. The project has a predicted mine life of 10.6 years with total life of mine production of 169,647 metric tons of copper.

The included mineral resource estimate for Cabaçal shows a measured and indicated resource of 204,470 metric tons of contained copper from 51.43 million metric tons of ore with an average grade of 0.4 percent. It also hosts significant gold and silver resources.

Meridian has been carrying out an extensive exploration program at the site. The most recent results came on July 9, when it reported significant copper grades and highlighted an interval of 2.6 percent copper equivalent over 28.6 meters, including an intersection of 6.9 percent copper over 2.8 meters.

Additionally, Meridian reported on May 8 it hired Ausenco Brazil as the lead engineer to complete a definitive feasibility study for Cabaçal. It is targeting the first half of 2026 for completion.

Shares in Meridian reached a year-to-date high of C$0.88 on June 12.

FAQs for investing in copper

Is copper a good investment in 2025?

Many experts have a positive long-term outlook for the red metal based on supply concerns and its growing role in the energy transition. Copper’s price has climbed to new all time highs in 2025, bringing many stocks with it.

Investors who are interested in copper should make sure to perform their due diligence, as the volatility and unpredictability of markets and economies at the moment means that nothing is guaranteed.

What is copper used for?

Copper is used in many industries, from construction to electronics to medical equipment. In fact, in 2022, 32 percent of copper globally was used in equipment manufacturing and 26 percent in building construction.

Two other growing sectors for copper are the burgeoning electric vehicle and green energy industries. Electric vehicles require a significant amount of the red metal per vehicle.

Check out our article on the topic for more copper uses.

How to invest in copper?

Investors can get exposure to copper in a variety of ways. Holding physical copper is possible, but plenty of storage would be required to hold any significant value of the metal.

For investors looking to invest in the metal without physically holding it, there are a few options. Copper stocks such as those on the TSX, TSXV and ASX are worth looking at. Additionally, there are copper exchange-traded funds and the copper options and futures markets on the London Metal Exchange.

How to invest in a copper ETF?

Copper exchange-traded funds (ETFs) focused on mining companies can be a good way to diversify an investment portfolio, and they can be a more stable option compared to individual copper miners or explorers. There are multiple options available on the market, and they can usually be purchased in the same way one could purchase stocks through a broker or trading platform.

In May 2022, Horizons launched Canada’s first copper equities ETF, the Horizons Copper Producers Index ETF (TSX:COPP). This Canadian copper ETF is focused solely on pure-play and diversified copper-mining companies.

There are multiple ETFs available on the US ARCA exchange as well. The Global X Copper Miners ETF (ARCA:COPX) tracks the Solactive Global Copper Miners Index, which includes copper miners, as well as copper explorers and developers. The other option is the United States Copper Index Fund (ARCA:CPER), which gives investors exposure to copper futures contracts by tracking the SummerHaven Copper Index Total Return.

How is copper priced?

The copper price is tracked in two ways: COMEX copper and London Metal Exchange (LME) copper. The COMEX and LME are both options and futures metal exchanges, with the former being headquartered in New York and the latter in London. COMEX copper is priced by the pound, while LME copper is priced per metric ton.

How is copper processed?

Once copper is mined, the ore goes through multiple steps to reach a market-ready state. First, the ore is ground to roughly separate the rock from the copper, as copper typically only makes up 1 percent of the mined rock.

The resultant copper is then slurried with water and chemical reagents, after which air is used to float the copper to the top of the mixture. After the copper is removed from this, it is typically at 24 to 40 percent purity.

Where is copper mined?

Copper is mined throughout the world, with significant production found on every continent besides Antarctica. Chile was the top producer in 2024, putting out 5.3 million metric tons of the metal. Other major top copper producers are the Democratic Republic of Congo with 3.3 million MT, Peru with 2.6 million MT, China with 1.8 million MT. Indonesia and the United States were tied in 2024 1.1 million MT of copper.

Article by Dean Belder; FAQs by Lauren Kelly.

Securities Disclosure: I, Dean Belder, own shares of Northern Dynasty Minerals.

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

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(TheNewswire)

 

     

   
             

 

July 22, 2025 TheNewswire – Vancouver, British Columbia, Canada JZR Gold Inc. (TSXV:  JZR) (the ‘ Company ‘ or ‘ JZR ‘) is pleased to announce that it has completed its previously announced non-brokered private placement (the ‘ Offering ‘) of units (each, a ‘ Unit ‘) at a price of $0.30 per Unit. Pursuant to the Offering, which was announced on July 11, 2025, the Company has issued 6,000,000 Units for aggregate gross proceeds of CAD$1,800,000. The Company also wishes to announce that, due to investor interest, the Offering was increased from $1,500,000 to $1,800,000.

 

  Each Unit consists of one common share in the capital of the Company (each, a ‘S   hare   ‘) and one common share purchase warrant (each, a ‘   Warrant   ‘). Each Warrant is exercisable into one additional Share (each, a ‘   Warrant Share   ‘) at a price of $0.40 per Warrant Share for a period of two (2) years from the date of issuance, subject to acceleration. The Warrants are subject to an acceleration provision whereby, in the event that the volume weighted average trading price of the Company’s common shares traded on TSX Venture Exchange (the ‘   Exchange   ‘), or any other stock exchange on which the Company’s common shares are then listed, is equal to or greater than $0.75 for a period of 10 consecutive trading days, the Company shall have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from the date that notice is provided by the Company to the Warrant holders. The Company did not pay any finder’s fees in closing this Offering.  

 

  The Units, Shares, Warrants, and Warrant Shares are collectively referred to as the ‘   Securities   ‘. The Securities are subject to a hold period of four months and one day from the date of Closing.  

 

  The Company intends to use the net proceeds from the Offering to fund operations of the fully constructed 800 tonne-per-day gravimetric mill, as well as future exploration work on the Vila Nova Gold project located in Amapa State, Brazil, and for general working capital purposes. JZR has been advised by its Joint Venture Royalty Agreement partner, ECO Mining Oil & Gaz Drilling and Exploration Ltda. (EIRELI) (‘ECO’), that the Mill is fully operational, but ECO is completing a few minor improvements to the Mill to improve operational efficiency. There will be further updates regarding operations in the immediate future.  

 

For further information, please contact:

 

Robert Klenk

 

Chief Executive Officer

 

  rob@jzrgold.com  

 

Forward-Looking Information

 

  This press release contains certain ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information in this press release includes all statements that are not historical facts, including, without limitation, statements with respect to the details of the Offering, including the proposed size, timing and the expected use of proceeds and the receipt of regulatory approval for the Offering; the testing and anticipated commencement of operation of the Mill. Forward-looking information reflects the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These factors include, but are not limited to:   the Company may not complete the Offering; the Offering may not be approved by the TSX Venture Exchange;   risks associated with the business of the Company; the Mill may not commence operating once testing has been completed, or at all; business and economic conditions in the mineral exploration industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks related to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with the specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action and unanticipated events related to health, safety and environmental matters); risks related to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and   other risk factors as detailed from time to time in the Company’s continuous disclosure documents filed with the Canadian securities regulators.  The forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.  The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.  

 

  Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.  

 

  None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act’), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or ‘U.S. persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.  

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

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