Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) (‘Lode Gold’ or the ‘Company’) is pleased to announce it has obtained conditional approval from the TSXV and closed the transaction with Fancamp Exploration Ltd. (‘Fancamp’) pursuant to the definitive Investment Agreement for $3.5 million investment that the Company announced in its August 27, 2024 news release. $500,000 goes into the Company for subscription of 14,285,714 Special Warrants of the Company, each Special Warrant, at $0.035 per unit, upon completion of the Spin Out, will convert to one common share of Lode Gold and one 5-year Lode Gold share purchase warrant with an exercise price of $0.05 per share. If fully exercised, the warrant subscription proceeds will total an additional $714,286; $3,000,000 goes into the Company’s wholly-owned subsidiary Gold Orogen, for 5,423,078 common shares or 19.9% of Gold Orogen. As part of the Investment Agreement, the Company has transferred its interests in the McIntyre Brook Property (111 km2) and Fancamp transferred its interests in the Riley Brook Property (309 km2), both located in New Brunswick, into a 5050 joint venture between Gold Orogen and Fancamp, that is called Acadian Gold Corp. The Company has also transferred its interest in its Golden Culvert and WIN Property to Gold Orogen. Fancamp has become a key shareholder of Lode Gold and a 19.9% shareholder of Gold Orogen.

Details of the transaction were disclosed in the Company’s August 27, 2024 news release.

The transaction remains subject to final acceptance of the TSX Venture Exchange. The proceeds from the Special Warrant financing will be used for general and administrative costs, including transaction costs, and on the Company’s Fremont property. The Special Warrants and the securities acquired on conversion thereof are subject to a four-month hold period from the closing date under applicable Canadian securities laws.

A copy of the Investment Agreement is available on the Company’s profile on SEDAR+ (www.sedarplus.ca).

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

Its Golden Culvert and WIN Projects, Yukon, covering 99.5 km2 across a 27-km strike length, are situated in a district-scale, high-grade-gold-mineralized trend within the southern portion of the Tombstone Gold Belt. Gold deposits and occurrences within the Belt include Fort Knox, Pogo, Brewery Creek and Dublin Gulch, and Snowline Gold. A NI 43-101 technical report entitled ‘Technical Report on the WIN-Golden Culvert Property for Lode Gold’ with an effective date of May 15, 2024 summarizing the work to date on these properties is available on the Company’s profile on SEDAR+ (www.sedarplus.ca) and on the Company’s website (www.lode-gold.com).

Its McIntyre Brook Project, New Brunswick, covering 111 km2 and a 17-km strike length in the emerging Appalachian/Iapetus Gold Belt, is surrounded by Puma Exploration’s Williams Brook Project (5.55 g/t Au over 50m)1 and is hosted by orogenic rocks of similar age and structure as New Found Gold’s Queensway Project.

The Company is also advancing its Fremont Gold development project in the historic Mother Lode Gold Belt of California where 50,000,000 oz of gold has been produced. Fremont, located 500km north of Equinox Gold’s Castle Mountain and Mesquite mines, has a Preliminary Economic Assessment(‘ PEA’) with an after-tax NPV (5%) of USD $217M, a 21% IRR, 11-year LOM, averaging 118,000 Oz per annum at USD $1,750 gold. A sensitivity to the March 31, 2023 PEA at USD $2,000/oz gold gives an after-tax NPV (5%) of USD $370M and a 31% IRR over an 11-year LOM. The project hosts an NI 43-101 resource of 1.16 MOz at 1.90 g/t Au within 19.0 MT Indicated and 2.02 MOz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike length of the Fremont property which features five gold-mineralized zones. Significantly, three step-out holes at depth hit the mineralized structure, typical of orogenic deposits that often occur at depth. Fremont is located on 3,351 acres of 100% owned private land in Mariposa, the original gold rush county, and is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail.

Please refer to the Fremont Gold project NI 43-101 PEA technical report dated March 31, 2023, which is available on the Company’s profile on SEDAR+ (www.sedarplus.ca) and on the Company’s website (www.lode-gold.com). The PEA technical report has been reviewed and approved by independent ‘Qualified Persons’ Eugene Puritch, P.Eng., FEC, CET, and Andrew Bradfield, P.Eng. both of P&E, and Travis Manning, P.E. of KCA.

About Fancamp

Fancamp is a growing Canadian mineral exploration company focused on creating value through medium-term growth and monetization opportunities with its strategic interests in high-potential mineral projects, royalty portfolio and mineral properties. The company is focused on an advanced asset play poised for growth and selective monetization with a portfolio of mineral claims across Ontario, Quebec and New Brunswick, Canada, including copper, gold, zinc, titanium, chromium, strategic rare-earth metals and others. The company continues to identify near-term cash-flow-generating opportunities and in parallel aims to advance its investments in strategic mineral properties. Fancamp has investments in an existing iron ore operation in the Quebec-Labrador Trough, a rare earth elements company, NeoTerrex Minerals Inc., a copper-gold exploration company, Platinex Inc., in addition to an investment in a near term cash flow generating zinc mine, EDM Resources Inc. in Nova Scotia. The Company has future monetization opportunities from its Koper Lake transaction in the highly sought-after Ring of Fire in Northern Ontario. Fancamp is developing an energy reduction and titanium waste recycling technology with its advanced titanium extraction strategy. The company is managed by a focused leadership team with decades of mining, exploration and complementary technology experience.

QUALIFIED PERSON STATEMENT

The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology – UCT), FAusIMM, and who is a ‘qualified person’ as defined by NI-43-101.

ON BEHALF OF THE COMPANY

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties.

Cautionary Statement Regarding Forward-Looking Information

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 release.

All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as ‘seek’, ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the anticipated use of proceeds from the Special Warrant financing, additional proceeds from the exercise of the warrants underlying the Special Warrants, and the receipt of final acceptance from the TSX Venture Exchange with respect to the transactions, are forward-looking statements. Although Lode Gold believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Lode Gold can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in Lode Gold’s periodic filings with Canadian securities regulators, and assumptions made with regard to: the ability of Lode Gold to obtain final acceptance from the TSX Venture Exchange with respect to the transactions; that the Company will be able to use the proceeds of the Special Warrant financing as anticipated; and the ability of the Company to continue with its stated business objectives and its ability to obtain required approvals and raise additional capital to proceed. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from expectations include risks associated with the business of Lode Gold and Fancamp; risks related to the Company’s ability to obtain final acceptance from the TSX Venture Exchange with respect to the transactions; the risk that the use of proceeds from the Special Warrant financing may differ from management’s expectations; and other risk factors as detailed from time to time and additional risks identified in the Companies’ filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca). Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

1 See Puma Exploration Inc.’s news release dated September 15, 2021.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226151

Fancamp Exploration Ltd. (‘ Fancamp ‘ or the ‘ Company ‘) (TSX Venture Exchange: FNC ) is pleased to announce that it has closed the transaction with Lode Gold Resources Inc. (‘ Lode Gold ‘) (TSX Venture Exchange: LOD ) and 1475039 B.C. Ltd. (‘ Gold Orogen ‘), a subsidiary of Lode Gold, as previously announced on August 27, 2024, to advance the exploration and development of certain mineral properties located in the Yukon and New Brunswick (the ‘ Transaction ‘). The Transaction represents the opportunity for the joint advancement of significantly sized and under-explored land packages, in highly prospective regions for gold and polymetallic mineral discovery, with the potential to create district scale projects on orogenic belts where other major developers are established and host certain world-class deposits.

In connection with the closing of the Transaction:

Lode Gold transferred all of its interests in its McIntyre Brook mineral property located in New Brunswick (the ‘ McIntyre Brook Property ‘) and Fancamp transferred all of its interests in the Riley Brook mineral property located in New Brunswick (the ‘ Riley Brook Property ‘) to a newly incorporated joint-venture entity by the name of Acadian Gold Corp. (‘ Acadian ‘) of which Fancamp and Gold Orogen each own 50% of the outstanding shares (the ‘ Acadian Shares ‘), and for which Fancamp acts as the initial operator of the mineral exploration work to be conducted by Acadian; Acadian granted Fancamp a 2% net smelter returns royalty on the Riley Brook Property, which shall be proportionally reduced in the event that Gold Orogen secures reduced net smelter returns royalties and buy-back terms on all, but not less than all, of the mineral claims comprising the McIntyre Brook Property; Fancamp and Gold Orogen entered into a Shareholders’ Agreement to govern Acadian, pursuant to which, among other terms, the initial strategic budget for Acadian to cover work to be completed by May 31, 2025 will total approximately $1.8 million; Lode Gold transferred to Gold Orogen both its Golden Culvert mineral property located in Selwyn Basin, Tombstone Belt, southeastern Yukon, and its nearby Win mineral property located in the Tombstone Belt, southeastern Yukon; Fancamp invested $2,500,000 into Gold Orogen (the ‘ Fancamp Investment ‘) in exchange for such number of common shares of Gold Orogen (‘ Gold Orogen Shares ‘) as is equal to 19.9% of the outstanding Gold Orogen Shares on an undiluted basis. A portion of the Fancamp Investment was completed through an indirect flow through offering by Gold Orogen which resulted in Gold Orogen receiving approximately $3,000,000 in proceeds under the Fancamp Investment; and

The Transaction has received the conditional approval of the TSX Venture Exchange (the ‘ TSX-V ‘), however remains subject to the final approval of the TSX-V.

Pursuant to the terms of the investment agreement dated August 26, 2024, entered into among Fancamp, Lode Gold and Gold Orogen:

Prior to the completion of the Spin Out, Gold Orogen will raise an aggregate of $1,500,000, in addition to the Fancamp Investment (the ‘ Gold Orogen   Private Placement ‘) by the later of 30 days after the Outside Date, failing which Gold Orogen shall transfer to Fancamp between 7.5% and 15% of the issued and outstanding Acadian Shares, with the actual number of Acadian Shares transferred to be determined based on the amount of funds actually raised by Gold Orogen under the Gold Orogen Private Placement; In the event that (i) Gold Orogen raises in excess of $1,500,000 pursuant to the Gold Orogen Private Placement; or (ii) any future financings are undertaken by Gold Orogen (or the resulting issuer of any reverse-takeover transaction consummated by Gold Orogen) (each, a ‘ Gold Orogen Additional Financing ‘), Fancamp, for so long as it holds at least 10% of the issued and outstanding Gold Orogen Shares, will have the right (but not the obligation) to participate in the Gold Orogen Additional Financing to maintain its pro rata interest in Gold Orogen; Lode Gold will commence a spin-out transaction of Gold Orogen (the ‘ Spin Out ‘) to be completed on or before the Outside Date pursuant to which: each shareholder of Lode Gold on the effective date of the Spin Out will receive Gold Orogen Shares for each Lode Gold Share held; and immediately after completion of the Spin Out, Fancamp will hold 19.9% of the issued and outstanding Gold Orogen Shares on an undiluted basis. In the event that Lode Gold fails to complete the Spin Out before the Outside Date, Lode Gold, at its election shall: cause Gold Orogen to transfer to Fancamp such number of Acadian Shares as is equal to 15% of the issued and outstanding Acadian Shares; or pay a penalty to Fancamp (the ‘ Penalty Payment ‘), equal to an annual rate of 6% of $3,000,000 calculated on a pro rata basis, for such number of days as the Spin Out has been delayed up to a maximum of 60 days from the Outside Date (the ‘ Extension Period ‘), which Penalty Payment shall be paid on the date that is the earlier of (i) the completion date of the Spin Out, and (ii) the last day of the Extension Period. In the event Lode Gold fails to complete the Spin Out before the expiry of the Extension Period, Gold Orogen shall transfer to Fancamp such number of Acadian Shares as is equal to 15% of the issued and outstanding Acadian Shares.

About Fancamp Exploration Ltd. (TSX-V: FNC)

Fancamp is a growing Canadian mineral exploration company focused on creating value through medium term growth and monetization opportunities with its strategic interests in high potential mineral projects, royalty portfolio and mineral properties. The Company is focused on an advanced asset play poised for growth and selective monetization with a portfolio of mineral claims across Ontario, Québec and New Brunswick, Canada; including copper, gold, zinc, titanium, chromium, strategic rare-earth metals and others. The Company continues to identify near term cash-flow generating opportunities and in parallel aims to advance its investments in strategic mineral properties. Fancamp has investments in an existing iron ore operation in the Quebec-Labrador Trough, a rare earth elements company, NeoTerrex Minerals Inc., a copper–gold exploration company, Platinex Inc., an opportunity to develop an emerging gold-copper exploration play with Lode Gold Resources, in addition to an investment in a near term cash flow generating zinc mine, EDM Resources Inc. in Nova Scotia. The Company has future monetization opportunities from its Koper Lake transaction in the highly sought-after Ring of Fire in Northern Ontario. Fancamp is developing an energy reduction and titanium waste recycling technology with its advanced titanium extraction strategy. The Company is managed by a focused leadership team with decades of mining, exploration and complementary technology experience.

Further information on the Company can be found at: www.fancamp.ca

Forward-Looking Statements

This news release contains certain ‘forward-looking statements’ or ‘forward-looking information’ (collectively referred to herein as ‘ forward-looking statements ‘) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation: the execution of all documents and completion of all steps required subsequent to the closing of the Transaction, including but not limited to the completion of the Spin Out and the Gold Orogen Private Placement; the receipt of final TSX-V approval in respect of the Transaction and any post-closing transactions related thereto; and the Company’s forecasts, estimates, expectations and objectives for future.

Such forward-looking statements are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; and the historical basis for current estimates of potential quantities and grades of target zones. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors, including the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

For Further 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 news release.

Saga Metals Corp. (‘ TSXV: SAGA ‘) (‘ FSE: 20H’ ) (‘ SAGA ‘ or the ‘ Company ‘), a North American exploration company focused on discovering critical minerals, is pleased to announce the completion of its maiden field program at the Double Mer Uranium Project in Labrador, Canada. This successful field season marks a significant step forward in SAGA’s efforts to unlock the Double Mer Uranium project’s potential for uranium mineralization.

Strategic Location with Historical Exploration Work

The Double Mer Uranium Property is SAGA’s flagship project, comprising 1,024 claims over 25,600 hectares in the eastern-central region of Labrador, approximately 90 km northeast of Happy Valley-Goose Bay. With significant investment in historical exploration work, SAGA entered 2024’s field program with a strong foundation, allowing for a targeted and efficient approach to expanding known uranium mineralization along the 18km trend.

Regional map of the Double Mer Uranium Project in Labrador, Canada

Field Results Show Increased Potential for Uranium Mineralization

Throughout the summer and early fall, SAGA’s exploration team focused on verifying the property’s uranium radiometric trend, which produced multiple Counts per Second (CPS) readings above 5,000 CPS, with notable peaks of 22,000 CPS in an outcrop and 27,000 CPS in a sub-rounded boulder—surpassing the historical 21,000 CPS benchmark. These high CPS readings suggest that the uranium trend may be more extensive than originally anticipated.

The program involved collecting 309 grab samples and 253 channel samples over 200 meters across three identified zones. The sampling results provide valuable data for understanding the extent of mineralization and guiding the next phase of exploration. This sampling further confirms the presence of uranium mineralization and supports the view that the trend could extend beyond initial projections.

2024 Saga Metals Rock sample locations with field CPS (Counts per Second) readings taken on R-125 Scintillometer

Identification of High-Priority Zones

The exploration efforts have identified three key zones that represent the highest potential for further uranium exploration:

Nanuk (Polar Bear) Zone : Central area with consistent mineralization. Luivik (Lion) Zone : Western section of the trend, showing high CPS readings. Katjuk (Arrow) Zone : Eastern zone, extending the known trend.

These zones were named in collaboration with local field workers, reflecting SAGA’s commitment to community engagement and regional roots.

Diverse Mineralization Styles Offer Exploration Upside

The field program identified three styles of uranium mineralization across the property:

Mineralized granitic pegmatites , rich in biotite and uranophane. Sheared pegmatites and gneissic rocks , showing high CPS readings and uranophane staining in biotite-rich areas. IOCG-style mineralization , characterized by iron carbonate staining and sheeted smokey quartz veins parallel to foliation.

Highly strained granitic pegmatite showing an East-West foliation and significant uranophane mineralization located in the Katjuk (Arrow) Zone. Photo showing biotite fabric in the pegmatite with localised stringers of garnet beads.

Significant Exploration Success Identifying Three High-Priority Zones

SAGA’s exploration team identified three high-priority zones within the Double Mer Uranium Project, each showcasing potential for substantial uranium mineralization:

Nanuk Zone : Centrally located within the project area, the Nanuk Zone is the largest and most extensive, with a 4.7 km strike length and an estimated width of 350 meters. It has been further divided into three sections: Nanuk Main, Nanuk West, and Nanuk East. The team’s efforts at Nanuk Main included extensive channel sampling, revealing some of the highest CPS (Counts per Second) readings on the property. Early analysis indicates the presence of uranophane and potential uraninite, promising indicators of uranium mineralization. Historical assays in the Nanuk West section reached up to 4,281 ppm U3O8 , further highlighting this zone’s potential.

Nanuk (Polar bear) zone. The main section with 2024 Saga Metals rock and channel sample locations expressing corresponding CPS (Counts per second) readings taken on R-125 scintillometer

Luivik Zone : Located just 1.5 km west of the base camp, the Luivik Zone has a 300-meter strike length and a width of 200 meters. It is notable for its IOCG (Iron Oxide Copper Gold) enrichment characteristics, featuring high concentrations of smoky quartz and iron carbonate staining. The continuous CPS readings here suggest significant uranium potential, making it an ideal target for further exploration. Its proximity to the base camp enhances the zone’s economic viability for ongoing exploration and future drilling.

Luivik zone with detailed drone imagery inset of channel sample cross section perpendicular over zone expressing both rock and channel sample locations with CPS readings from R-125 Scintillometer

Katjuk Zone : At the eastern edge of the radiometric trend, the Katjuk Zone spans 1 km in length and 100 meters in width, with high uranium content observed in strained and sheared pegmatites. The mineralization in this area is characterized by widespread uranophan e and biotite-rich structures, correlating to the higher CPS readings. The zone’s geological features suggest that it could extend further with additional exploration, presenting a promising opportunity for expansion.

Katjuk zone with detailed drone imagery inset of channel sample cross section perpendicular over zone expressing both rock and channel sample locations with CPS readings from R-125 Scintillometer

Enhanced Infrastructure to Support Future Exploration

To support ongoing exploration, SAGA has upgraded its base camp, originally built in 2006 by Silver Spruce. With assistance from Geominex Consultants Inc., the Company has repaired infrastructure, including the dock, fuel cache, and helicopter pad, while upgrading buildings to support year-round operations. Located just 90 km northeast of Happy Valley-Goose Bay, the base camp is strategically positioned to ensure efficient, cost-effective exploration, allowing SAGA to continue its work into the winter months.

SAGA’s Double Mer Uranium Project Base Camp

Preparing for Next Steps

The identification of these three high-priority zones at the Double Mer Uranium Project provides a significant opportunity for the company and its shareholders. The potential extension of the uranium trend and higher-than-expected CPS readings highlight the possibility of larger uranium mineralization at the project. Leveraging historical data allowed SAGA to conduct a targeted exploration program, reducing time and costs while accelerating results. As the Company prepares for the next phase of drilling the Double Mer Uranium Project stands as a promising asset.

Michael Garagan, CGO & Director of Saga Metals Corp., commented: ‘This maiden field program was a significant milestone for SAGA. We accomplished all the objectives we set out to achieve and, more importantly, gained a deeper understanding of the geological potential of the Double Mer Uranium Project. As we move forward, we are excited to share our assay results in the coming weeks and focus on the next phase—finalizing the drill program preparations and starting to drill this winter.’

Investor Relations Agreement

The Company further announces that it has entered into a consulting agreement dated October 8, 2024 (the ‘ IR Agreement ‘) with Fairfax Partners Inc. (‘ Fairfax ‘), pursuant to which Fairfax has agreed to provide certain investor relations services to the Company in exchange for cash consideration in the amount of CAD$50,000. The IR Agreement has an initial term of 31 days unless earlier terminated or renewed in accordance with its terms. The Company may renew the IR Agreement for successive 31-day periods upon providing notice to Fairfax.

Pursuant to the terms of the IR Agreement, Fairfax will provide certain services to the Company, including marketing services, such as social media and influencer marketing and such other services as mutually agreed to by the Company and Fairfax.

Fairfax is an investor relations consultancy firm headquartered in Vancouver. Fairfax is arm’s length to Saga and, to the Company’s knowledge, holds no securities, directly or indirectly, of the Company nor has any right or intent to acquire such an interest.

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 18-kilometer east-west trend, with a confirmed 14-kilometer section producing samples as high as 4,281ppm U 3 O 8 and spectrometer readings of 22,000cps.

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 secondary exploration assets in Labrador, where the company is focused on the discovery of 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.

For more information, contact:
Saga Metals Corp.
Investor Relations
Tel: +1 (778) 930-1321
Email: info@sagametals.com
www.sagametals.com

Qualified Persons

Peter Webster, P. Geo., of Mercator Geological Services Limited are each a ‘qualified person’ as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘ NI 43-101 ‘) and have reviewed and approved the scientific and technical content of this news release regarding the Double Mer Property.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. 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 plans with respect to samples from its mineral exploration properties and services and payment to be provided under the IR Agreement. 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, failure to satisfy closing conditions in respect of the Offering, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Prospectus and available under the Company’s profile at www.sedarplus.ca, and in the continuous disclosure filings made by the Company with securities regulations from time to time. 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.

Images accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2ba130bb-6a7f-4a81-b3c7-111a335551cb  
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Cardiol Therapeutics Inc. (NASDAQ: CRDL) (TSX: CRDL) (‘Cardiol’ or the ‘Company’), a clinical-stage life sciences company focused on the research and clinical development of anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease, announced today the pricing of its previously announced public offering (the ‘Offering’) of 8,437,500 Class A common shares of the Company (the ‘Common Shares’) at a price to the public of US$1.60 per Common Share for gross proceeds of US$13.5 million before deducting the underwriting discounts and commissions and estimated expenses incurred in connection with the Offering.

The Company intends to use the net proceeds from the Offering to support the clinical development of CardiolRx for the treatment of recurrent pericarditis and for general and administrative expenses, working capital and other expenses.

Canaccord Genuity is acting as the sole bookrunner in connection with the Offering.

The Offering is expected to close on or about October 10, 2024 (the ‘Closing Date’), subject to the satisfaction of customary closing conditions, including the listing of the Common Shares to be issued under the Offering on the Toronto Stock Exchange (the ‘TSX’) and the Nasdaq Capital Market (the ‘Nasdaq’), receipt of any required approvals of the TSX and Nasdaq, and the entering into of an underwriting agreement between the Company and the underwriter.

The Offering is being made pursuant to a U.S. registration statement on Form F-10, declared effective by the U.S. Securities and Exchange Commissions (the ‘SEC’) on July 16, 2024 (the ‘Registration Statement’), and the Company’s existing Canadian short form base shelf prospectus (the ‘Base Prospectus’) dated July 12, 2024. A preliminary prospectus supplement relating to the Offering has been filed with the securities commission in all of the provinces and territories of Canada, except Quebec, and with the SEC in the United States, and a final prospectus supplement relating to the Offering (the ‘Supplement’) will be filed with the securities commissions in all of the provinces and territories of Canada, except Quebec, and with the SEC in the United States. The Supplement and accompanying Base Prospectus contain important detailed information about the Offering.

The Supplement and accompanying Base Prospectus can be found on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Copies of the Supplement and accompanying Base Prospectus may also be obtained from Canaccord Genuity LLC, 1 Post Office Square, Suite 3000, Boston, Massachusetts 02109, Attn: Syndicate Department, or by email at prospectus@cgf.com. Prospective investors should read the Supplement and accompanying Base Prospectus and the other documents the Company has filed before making an investment decision.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.

About Cardiol Therapeutics

Cardiol Therapeutics Inc. is a clinical-stage life sciences company focused on the research and clinical development of anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease.

Cautionary statement regarding forward-looking information:

This news release contains ‘forward-looking information’ within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events, or developments that Cardiol believes, expects, or anticipates will, may, could, or might occur in the future are ‘forward-looking information’. Forward looking information contained herein may include, but is not limited to statements regarding the Offering, whether and when the Offering may close, and the anticipated use of proceeds from the Offering. Forward-looking information contained herein reflects the current expectations or beliefs of Cardiol based on information currently available to it and is based on certain assumptions and is also subject to a variety of known and unknown risks and uncertainties and other factors that could cause the actual events or results to differ materially from any future results, performance or achievements expressed or implied by the forward looking information, and are not (and should not be considered to be) guarantees of future performance. These risks and uncertainties and other factors include the risks and uncertainties referred to in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission and Canadian securities regulators on April 1, 2024, as well as the risks and uncertainties associated with product commercialization and clinical studies. These assumptions, risks, uncertainties, and other factors should be considered carefully, and investors should not place undue reliance on the forward-looking information, and such information may not be appropriate for other purposes. Any forward-looking information speaks only as of the date of this press release and, except as may be required by applicable securities laws, Cardiol disclaims any intent or obligation to update or revise such forward-looking information, whether as a result of new information, future events, or results, or otherwise. Investors are cautioned not to rely on these forward-looking statements and are encouraged to read the Supplement, the accompanying Base Prospectus and the documents incorporated by reference therein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226119

(TheNewswire)

Brossard (Québec) TheNewswire – le 9 octobre 2024 – CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule société d’Amérique du Nord cotée en bourse spécialisée dans l’hydrogène vert, est ravie d’annoncer un ajout clé à son équipe des opérations de gaz industriels alors qu’elle se prépare pour la production à son projet phare à Sorel-Tracy, au Québec .

Renforcer les opérations terrain avec un nouveau leadership

Charbone est heureuse d’accueillir Patrick Cuddihy , un leader des opérations chevronné avec plus de 20 ans d’expérience chez Air Liquide Canada, au sein de son équipe des opérations hydrogène. Patrick apporte une richesse d’expertise dans la gestion de la production et de la distribution de gaz industriels, ayant occupé des postes de direction, notamment comme Directeur des ventes réseau – région du Québec, Directeur général – région du Pacifique, Directeur des services d’approvisionnement et Directeur de la logistique et des actifs – région de l’Est .

Son sens opérationnel sera déterminant dans la transition de Charbone d’un développement de projet à la production à grande échelle. Travaillant en étroite collaboration avec l’équipe de direction de Charbone, Patrick soutiendra les opérations et la gestion de la production d’hydrogène vert aux États-Unis et au Canada .

‘ La vaste expérience de Patrick dans le domaine des gaz industriels, en particulier dans les opérations et la gestion de la chaîne d’approvisionnement, renforcera considérablement notre équipe alors que nous passons de la planification à l’exécution , a déclaré Dave Gagnon, Chef de la direction chez Charbone. ‘ Alors que nous nous préparons à générer nos premiers revenus, nous nous concentrons sur l’augmentation de la valeur des actionnaires grâce à des opérations efficaces et à une croissance stratégique . ‘

Expansion des opérations et de la main-d’œuvre

La production d’hydrogène vert de Charbone devrait débuter plus tard cette année à son usine de Sorel-Tracy, avec un deuxième site près de Detroit, Michigan prévu d’ici la fin de 2024. Dans le cadre de sa stratégie d’expansion plus large, la Société augmente également ses effectifs et cible de nouvelles opportunités de marché dans des régions clés, notamment New York, l’Ontario, la Pennsylvanie, l’Illinois, le Wisconsin et la Californie.

De plus, Charbone a été invité à participer à deux demandes d’informations (RFI) à grande échelle, démontrant une fois de plus la demande croissante de solutions d’hydrogène vert. D’ici 2030, la société vise à exploiter 16 installations de production d’hydrogène vert en Amérique du Nord.

Invitation au webinaire : Key Insights for Hydrogen Investing

À propos de Charbone Hydrogène Corporation

Charbone est une compagnie intégrée de production d’hydrogène vert axé sur la création d’un réseau nord-américain d’usines de production. En utilisant des énergies renouvelables, Charbone produit du dihydrogène (H2) respectueux de l’environnement pour les utilisateurs industriels, institutionnels, commerciaux et de la mobilité future. Charbone est présentement la seule société d’Amérique du Nord cotée en bourse spécialisée dans l’hydrogène vert avec ses actions listées sur la Bourse de croissance TSX (TSXV: CH); les marchés OTC (OTCQB: CHHYF); et la Bourse de Francfort (FSE: K47). Apprenez-en davantage sur www.charbone.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.

Contacts

Pour de plus amples informations, veuillez contacter :

Copyright (c) 2024 TheNewswire – All rights reserved.

(TheNewswire)

Brossard, Quebec TheNewswire – October 9, 2024 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE’), North America’s only publicly traded pure-play green hydrogen company, is excited to announce a key addition to its industrial gases operations team as it prepares for production at its flagship project in Sorel-Tracy, Quebec.

Strengthening Field Operations with New Leadership

CHARBONE is pleased to welcome Patrick Cuddihy , a seasoned operations leader with over 20 years of experience at Air Liquide Canada, to its hydrogen operations team. Patrick brings a wealth of expertise in managing industrial gas production and distribution, having held senior roles including Network Sales Director – Quebec Region, General Manager – Pacific Region, Director of Procurement Services, and Director of Logistics and Assets – Eastern Region.

His operational acumen will be instrumental as CHARBONE transitions its first project deployment to full-scale production. Working closely with CHARBONE’s executive team, Patrick will support the operation and the management of green hydrogen production projects across the U.S. and Canada.

‘ Patrick’s extensive experience in industrial gases, particularly in operations and supply chain management, will significantly strengthen our team as we move from planning to execution,’ said Dave Gagnon, Chief Executive Officer and Chairman of the Board, Charbone Hydrogen. ‘As we prepare to generate our first revenues, we are focused on increasing shareholder value through efficient operations and strategic growth.’

Expanding Operations and Workforce

CHARBONE’s green hydrogen production is set to commence later this year at its Sorel-Tracy facility, with a second site near Detroit, Michigan planned by the end of 2024. As part of its broader expansion strategy, the Company is also growing its workforce and targeting new market opportunities in key regions, including New York, Ontario, Pennsylvania, Illinois, Wisconsin, and California.

Additionally, CHARBONE has been invited to participate in two large-scale Requests for Information (RFIs), further demonstrating the growing demand for green hydrogen solutions. By 2030, the Company aims to operate 16 green hydrogen production facilities across North America.

Webinar Invitation: Key Insights for Hydrogen Investing

About Charbone Hydrogen Corporation

CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the 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). Learn more at www.charbone.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 .

Copyright (c) 2024 TheNewswire – All rights reserved.