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Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) (‘Allied’ or the ‘Company’), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce its membership in the Critical Minerals Forum (‘CMF’ a leading U.S.-based non-profit initiative dedicated to strengthening secure and transparent global critical mineral supply chains.

The CMF convenes key stakeholders across the critical minerals value chain – including companies, investors, end-users, policymakers, and research organizations – with a shared mission of building reliable and resilient supply networks for minerals essential to technology, defense, energy, and advanced manufacturing.

Allied’s flagship Borralha Tungsten Project, strategically located in northern Portugal, represents one of the largest undeveloped tungsten deposits in Europe and a potential near-term source of supply outside of China and Russia. With a current NI 43-101 mineral resource estimate of 4.98 Mt @ 0.22% WO₃ (Indicated) and 7.01 Mt @ 0.20% WO₃ (Inferred), Borralha has the potential to provide a stable and scalable source of tungsten concentrate to Western markets. Allied’s mineral resource estimate for its Borralha Tungsten Project is further detailed in its technical report entitled, ‘Technical Report on the Borralha Property, Parish of Salto, District of Vila Real, Portugal’, dated effective July 31, 2024′ which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

Roy Bonnell, CEO & Director of Allied Critical Metals, commented: ‘Allied is proud to join the Critical Minerals Forum at such a pivotal time for global supply chain security. Tungsten is recognized as one of the most strategic and irreplaceable critical minerals, yet supply is overwhelmingly concentrated in China. By advancing Borralha & Vila Verde, we are working to establish Europe’s next major tungsten mines – and our participation in CMF ensures we can contribute to shaping the policies, partnerships, and strategies that will underpin Western supply resilience.’

The Critical Minerals Forum (CMF) is a leading non-profit initiative dedicated to strengthening secure, transparent, and resilient global supply chains for critical and strategic metals. Bringing together governments, industry leaders, investors, and technology innovators, the CMF provides a collaborative platform to advance responsible sourcing, promote sustainable development, and reduce reliance on unstable or concentrated supply regions. With a mission to support energy transition, defense readiness, and advanced manufacturing, the CMF works to ensure the materials essential to modern economies remain accessible, reliable, and responsibly produced.

Rob Strayer, President of the Critical Minerals Forum, stated: ‘Allied Critical Metals brings important expanded capacity to the supply of tungsten, which is a critical mineral that is a priority for the Forum for both national and economic security reasons. Allied’s upstream perspective and regional positioning make them a valuable contributor to the Forum.’

Through its membership, Allied is contributing to CMF working groups focused on supply chain diversification, midstream processing, and data-driven market forecasting. The Company’s insights are particularly relevant to tungsten, known as the ‘military metal’ for its essential role in defence applications, industrial tooling, aerospace, and clean energy technologies.

The Borralha Tungsten Project is planned to be advanced through resource expansion, updated technical studies, and project development aligned with European and North American critical minerals strategies. By reviving one of Europe’s historically significant tungsten districts, Allied is positioning itself as a cornerstone supplier to allied nations seeking to diversify supply chains away from China and Russia.

Options and RSUs

The Company also hereby announces the grant of 3,125,000 stock options (the ‘Options’) at an exercise price of $0.345 per share granted to directors, officers, employees and consultants of the Company pursuant to its omnibus equity incentive plan, which vests immediately and expire 5 years after the date of grant. The Company also announces that it has granted 3,125,000 restricted share units (‘RSUs’) to directors, officers, employees and consultants of the Company vesting immediately pursuant to its omnibus equity incentive plan.

The Options and RSUs will be subject to a four month hold period in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange.

About Allied Critical Metals Inc.

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent approximately 86% of the total global supply and reserves. The tungsten market is estimated to be valued at approximately USD $5 to $6 billion and it is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.

Please visit our website at www.alliedcritical.com.

Also visit us at:
    LinkedIn: https://www.linkedin.com/company/allied-critical-metals-inc
    X: https://x.com/@alliedcritical/
    Instagram: https://www.instagram.com/alliedcriticalmetals/

ON BEHALF OF THE BOARD OF DIRECTORS

Per: ‘Roy Bonnell’

Roy Bonnell
Chief Executive Officer and Director

Contact Information

For further information or investor relations inquiries, please contact:
Dave Burwell, Vice President, Corporate Development
Tel: 403 410 7907 | Toll Free: 1-888-221-0915
Email: daveb@alliedcritical.com

The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release contains ‘forward-looking statements’, including with respect to the use of proceeds. Wherever possible, words such as ‘may’, ‘would’, ‘could’, ‘should’, ‘will’, ‘anticipate’, ‘believe’, ‘plan’, ‘expect’, ‘intend’, ‘estimate’, ‘potential for’ and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company’s Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company’s profile at www.sedarplus.ca ). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company’s mineral projects as described in the Company’s Listing Statement, news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264883

News Provided by Newsfile via QuoteMedia

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The Senate teed up a colossal package to authorize funding for the Pentagon on Tuesday, marking the first legislation to hit the floor since lawmakers returned from August recess.

Lawmakers advanced the Fiscal Year 2026 National Defense Authorization Act (NDAA) on a largely bipartisan 84 to 14 vote, setting up the bill for debate before a later vote to advance it from the Senate.

This year’s version of the bill isn’t as divisive as its predecessor, given the lack of provisions targeting ‘woke’ policies at the Pentagon, which became a major target for Republicans when they gained power in the House during the latter half of former President Joe Biden’s first term.

Instead, the measure focuses on military contracting reforms and lasers in on the Pentagon’s failure to complete, let alone pass, an audit for the last several years. It also includes a bump to service members’ pay, though not as high as in recent years. It also includes an extension to the Ukraine Security Assistance Initiative through 2028, and increases authorized funding to $500 million. 

Still, the measure would authorize about 3% more funding for the Pentagon when compared to last year’s NDAA in the midst of the GOP and White House’s push to cut costs in the government.

It also comes on the heels of a $150 billion injection of defense spending passed in President Donald Trump’s ‘big, beautiful bill.’

Senate Armed Services Committee Chair Roger Wicker, R-Miss., said after the bill glided through committee in July that the ‘United States is operating in the most dangerous threat environment we have faced since World War II.’

‘The bill my committee advanced today is a direct reflection of the severity of that threat environment, as well as the rapidly evolving landscape of war,’ he said. ‘My colleagues and I have prioritized reindustrialization and the structural rebuilding of the arsenal of democracy.’

And Sen. Jack Reed, the Democrat on the panel, similarly agreed that the U.S. ‘faces a global security environment unlike any in recent memory.’

‘This legislation invests in the service members, technology, and capabilities we need to deter our adversaries and defend our national interests,’ the Rhode Island Democrat said. ‘I thank Chairman Wicker and our colleagues on both sides of the aisle for advancing this bill to prioritize the safety and security of the American people.’

The Senate and House have offered competing versions of the bill, too. Lawmakers in the upper chamber leapfrogged their colleagues in the House, where their iteration of the NDAA is expected to be considered next week.

Overall, the Senate’s version of the legislation would tee up nearly $925 billion in defense spending. That total is split among the Department of Defense at over $878 billion, the Department of Energy at over $35 billion with another $10 billion allocated for ‘defense-related activities’ outside of the bill’s jurisdiction.

The House version of the bill clocked in at just over $848 billion, well below the Senate’s product but more in line with the Pentagon’s budget request for the upcoming fiscal year. 


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The House Oversight Committee released a tranche of thousands of documents related to Jeffrey Epstein’s case on Tuesday night.

The surprise file dump came ahead of an expected House-wide vote to formalize the committee’s Epstein inquiry on Wednesday afternoon.

That vote, while largely symbolic, would also direct the House Oversight Committee to release the Epstein files sent by the Department of Justice (DOJ).

Nearly 34,000 pages are being released that include the DOJ’s interview with Ghislaine Maxwell and videos that appear to show the inside of Epstein’s Palm Beach home.

House Oversight Committee Chairman James Comer, R-Ky., subpoenaed the DOJ in early August for all documents pertaining to its investigation of Epstein and Maxwell. 

The subpoena was directed by a bipartisan vote during an unrelated House Oversight Committee hearing in late July.

‘This is the most thorough investigation into Epstein and Maxwell to date, and we are getting results,’ Comer said during a House Rules Committee meeting on Tuesday evening.

‘We have already deposed former Attorney General Bill Barr, the Department of Justice provided nearly 34,000 pages of documents and will produce more, which are being made public as we speak.’

Rep. Robert Garcia, D-Calif., the top Democrat on the committee, claimed that some 97% of those documents were already public, however.

The sudden release appears to be a bid to neutralize an effort by Reps. Thomas Massie, R-Ky., and Ro Khanna, D-Calif., to force a vote on their own bill to make the DOJ release information on Epstein.

The bipartisan pair is spearheading what’s known as a discharge petition — a rare procedural move that allows lawmakers to circumvent leadership if a majority of House members sign on. 

Such a vote could put Republican lawmakers, who are also pushing for more transparency, in a difficult position, forced to decide between the political ramifications of bucking the vote or defying their own leaders.

Massie told Fox News Digital earlier this week he expected enough signatures to hit that threshold by the end of this week, however.

‘I think there’s a real good chance of that,’ he said.

But Comer said the committee was ‘way ahead’ of Massie and Khanna’s move.

‘We’re going to go beyond it. We’re already getting the documents from the administration,’ Comer said. ‘I don’t think [the discharge petition is] necessary at all.’

In addition to deposing Barr and subpoenaing the DOJ, Comer’s panel also sent subpoenas to former Attorney General Loretta Lynch, ex-FBI Director James Comey, former President Bill Clinton and former Secretary of State Hillary Clinton.


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A federal appeals court in Washington, D.C., allowed a Biden-appointed member of the Federal Trade Commission to keep her job, at least for now, as part of a lawsuit centered on President Donald Trump’s authority to remove members of independent agencies without cause.

A three-judge panel said Tuesday that a lower court’s decision that Trump unlawfully fired FTC Commissioner Rebecca Slaughter could remain in place and that the firing was squarely at odds with Supreme Court precedent. 

‘The government has no likelihood of success on appeal given controlling and directly on point Supreme Court precedent,’ the panel wrote in an order.

Slaughter was abruptly fired after Trump took office, rehired when Judge Loren AliKhan ruled in her favor last month, and then re-fired days later when the appellate court briefly paused Ali Khan’s decision.

The three-judge panel, comprising two Obama appointees and one Trump appointee, lifted that pause on Tuesday, which allows Slaughter to return to work. The Trump administration can appeal the decision.

Department of Justice attorneys had argued for the appellate court to grant the Trump administration a stay, pointing to the Supreme Court’s decision to do the same in a recent separate case involving other independent agencies.

‘The court’s reinstatement of a principal officer of the United States—in defiance of recent Supreme Court precedent staying similar reinstatements in other cases—works a grave harm to the separation of powers and the President’s ability to exercise his authority under the Constitution,’ the attorneys wrote.

This is a developing story. Check back for updates.


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The gold price climbed to new record highs on Tuesday (September 2), reaching US$3,539.90 per ounce.

The yellow metal has had upward momentum since US Federal Reserve Chair Jerome Powell’s comments at the Jackson Hole Economic Policy Symposium on August 22 fueled speculation about a September interest rate cut.

He suggested risks in the market may be shifting as greater uncertainty bleeds into the American economy on the back of higher tariffs, tighter immigration and slowing growth in the labor market.

The latest inflation data was released last week, when the US Bureau of Economic Analysis (BEA) published personal consumption expenditures (PCE) price index data. The report indicates that core PCE, which excludes the volatile food and energy categories, rose 2.9 percent in July, up from the 2.8 percent recorded in June.

The PCE is the Fed’s favored inflation metric when making rate policy decisions.

Gold price chart, September 2, 2025.

Gold price chart, September 2, 2025.

The next inflation data in the calendar is the BEA’s consumer price index (CPI) report, set to be released on September 11. Early estimates from the Federal Reserve Bank of Cleveland suggest that core CPI continued to creep up in August and will come in at 3.05 percent, higher than the rise of 3.1 percent seen in July.

The Fed will also receive new labor market figures before its September 16 to 17 meeting. The Bureau of Labor Statistics is due to release its August nonfarm payroll report on Friday (September 5).

Analysts are predicting another weak report, with expectations of 73,000 additions to the US labor force; the unemployment rate is projected to tick up to 4.3 percent from the current 4.2 percent.

In July, the report indicated that just 73,000 jobs were added to the economy, but more significantly, it provided downward revisions for May and June, totaling 258,000 jobs combined.

Even though inflation is drifting further from the Fed’s 2 percent goal, slowing growth in the labor market is likely to have greater weight ahead of the Fed meeting. There is currently a 90 percent chance of a 25 basis point cut.

Adding more fuel to the fire is an appeals court ruling on August 29 that struck down the majority of US President Donald Trump’s reciprocal tariffs as unconstitutional, including those levied against Canada, Mexico and China.

However, tariffs on steel and aluminum were spared in the decision. The court said the tariffs will remain in place until October 14, providing sufficient time for the White House to launch an appeal to the Supreme Court.

Investors have turned to gold since the start of the year amid uncertainty caused by tariffs and as a debt crisis threatens the broader US economy. Additional momentum has come from the safe-haven status of precious metals as conflicts in Eastern Europe and the Middle East have continued unabated, threatening stability in both regions.

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

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President Donald Trump sought to dispel swirling social media rumors about his health Tuesday, saying he was ‘very active’ over the Labor Day weekend.

‘I didn’t do anything for two days, and they said ‘there must be something wrong with him,’’ Trump told reporters in the Oval Office, describing the speculation about his death as ‘fake news.’

Trump’s comments followed a wave of unfounded speculation that began Friday night and stretched into Saturday morning, fueled by an empty public schedule and recycled photos showing bruising on his hand. 

The online chatter subsided after Trump was seen leaving the White House with his grandchildren for his golf club in Virginia on Saturday. He was seen wearing a white polo shirt and red MAGA hat.

‘I was very active over the weekend. I went out to visit some people at the club that I own pretty nearby on the Potomac River. No, I’ve been very active, actually,’ Trump said, drawing a sharp comparison to his predecessor, President Joe Biden.

‘You wouldn’t see him (Biden) and nobody ever said there was ever anything wrong with him,’ Trump said. ‘And we know he wasn’t in the greatest of shape.’ 

In July, White House press secretary Karoline Leavitt said Trump was experiencing bruising on his hands that was attributable to ‘frequent handshaking and the use of aspirin.’ 

She added that he also had mild swelling in his legs that stemmed from a ‘benign and common condition’ in individuals older than age 70.

This is a breaking news story and will be updated. 


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House Speaker Mike Johnson, R-La., sharpened his criticism of Rep. Thomas Massie, R-Ky., on Tuesday as the debate over how to handle transparency in the Jeffrey Epstein case rages on Capitol Hill.

‘I would describe virtually everything Thomas Massie says, as related to this issue, as meaningless,’ Johnson told reporters, delivering his harshest remarks yet against the Kentucky Republican.

The jab came minutes before Massie introduced a measure designed to bypass Johnson and force a vote on legislation compelling the release of a wide range of Department of Justice (DOJ) records tied to Epstein. Johnson, meanwhile, is backing a separate resolution authorizing the House Oversight Committee’s inquiry into the case.

Massie and Rep. Ro Khanna, D-Calif., are spearheading a discharge petition — a rare procedural move that allows lawmakers to circumvent leadership if a majority of House members sign on. 

Massie told Fox News Digital he expected enough signatures to hit that threshold by the end of this week.

‘I think there’s a real good chance of that,’ he said.

As of Tuesday afternoon, the petition had two signatures: Massie and Rep. Jim McGovern, D-Mass.

Asked about Johnson’s comments, Massie blasted House leaders’ measure as a ‘placebo resolution.’

‘He copied three pages out of my resolution. I mean, we wrote this from scratch. So if he thinks it’s meaningless, why is he copying it and taking the teeth out of it?’ Massie said. ‘He is afraid of President Donald Trump. Mike Johnson’s speakership just hangs on that thread.’

The DOJ has already begun turning over thousands of files to the Oversight Committee under a bipartisan subpoena, though at least some redactions are expected. 

Johnson argued his approach balances transparency with privacy concerns for Epstein’s victims.

He told reporters Tuesday, ‘I would not put much stock into what Thomas Massie says.’

‘The House Republicans have been very consistent about maximum disclosure and maximum transparency with the Epstein files, but we had to do it in a way that would protect the innocent victims of these horrific crimes,’ Johnson said. ‘We have achieved that. Now we have a resolution that will accomplish that desired end. And what people want to do with this for political purpose is, to me, this is really just shameful.’

Massie and Khanna plan to hold a press conference Wednesday with several of Epstein’s victims to promote their resolution. Those victims also met Tuesday with Johnson and members of the Oversight Committee.

The showdown underscores intensifying GOP divisions over how to handle the DOJ’s handling of Epstein’s case, which was reignited after an internal memo effectively declared the matter closed earlier this year.


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A federal district court wrongfully blocked President Donald Trump’s administration from temporarily withholding billions of dollars in climate grants, a federal appeals court ruled Tuesday.

The District Court for Washington, D.C. granted an injunction blocking the Trump administration from withholding $16 billion in climate grants. Tuesday’s ruling from the D.C. Circuit Court finds that the lower court overstepped its authority in doing so, and that Trump’s Environmental Protection Agency (EPA) was acting in accordance with its role to provide ‘proper oversight’ of how funds are distributed.

‘We conclude the district court abused its discretion in issuing the injunction. The grantees are not likely to succeed on the merits because their claims are essentially contractual, and therefore jurisdiction lies exclusively in the Court of Federal Claims,’ Judge Neomi Rao wrote in the court’s opinion.

‘And while the district court had jurisdiction over the grantees’ constitutional claim, that claim is meritless. Moreover, the equities strongly favor the government, which on behalf of the public must ensure the proper oversight and management of this multi-billion-dollar fund,’ the opinion continued.

The case relates to EPA grants worth $16 billion awarded under the previous administration to five nonprofits to promote the reduction of greenhouse gas emissions. The nonprofits included the Climate United Fund, Coalition for Green Capital, Power Forward Communities, Inc., Inclusiv, Inc., and Justice Climate Fund, Inc.

When Trump took office, the new EPA conducted a review of the program and sought to cut the flow of funds. The five nonprofits then sued, and the district court granted them an injunction.

Judge Rao wrote that records show that one month before Trump took office, the EPA modified the grant agreements ‘to make it more difficult for the government to terminate the grants.’

The opinion also points to statements from an EPA employee who said that after Trump’s election victory, the EPA under President Joe Biden was ‘just trying to get the money out as fast as possible.’

EPA head blasts Biden-era decision to

‘The employee compared the situation to ‘throwing gold bars off the Titanic,” Rao wrote.

It was after that point that Trump’s EPA reviewed the grant program and sought to kill it.

‘It’s fantastic to see reason prevail in the court system,’ an EPA spokesperson told Fox News Digital on Tuesday. ‘EPA has a duty to be an exceptional steward of taxpayer dollars. Administrator Zeldin canceled these grants due to well-documented concerns about self-dealing and conflicts of interest, unqualified recipients, and intentionally reduced agency oversight. The gold bar recipients were wrong about jurisdiction all along and wrong to act so entitled to these precious public funds that belong to hardworking American taxpayers.’

The Climate United Fund responded to the ruling shortly after it was handed down, with CEO Beth Bafford condemning the outcome.

‘While we are disappointed by the panel’s decision, we stand firm on the merits of our case: EPA unlawfully froze and terminated funds that were legallyobligated and disbursed. This is another hurdle in our fight to lower energy costs for those who need it most while creating jobs for hardworking Americans, but we will continue to press on for communities across the country that stand to benefit from clean, abundant, and affordable energy. This is not the end of our road,’ Bafford wrote.

Tuesday’s ruling allows for the nonprofits to appeal the decision. The other four organizations did not immediately respond to requests for comment.

The cuts were only a small part of Trump’s wider effort to rein in government spending across the executive branch. In July, the EPA announced plans to cut its workforce by 23% and close its research and development office.

‘Under President Trump’s leadership, EPA has taken a close look at our operations to ensure the agency is better equipped than ever to deliver on our core mission of protecting human health and the environment while Powering the Great American Comeback,’ EPA Administrator Lee Zeldin said in a July statement.

Read the full opinion from the D.C. Circuit below (App users click here)


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Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the ‘Company’ or ‘Lahontan’) is pleased to announce the results from our 2025 Phase One drilling program at the Company’s flagship Santa Fe Mine Project located in Nevada’s prolific Walker Lane. Lahontan completed seven reverse-circulation rotary (‘RC‘) drill holes totaling 1,210 metres (please see table below). Significant results include:

  • York: 89.9 metres (45.7 – 135.6m) grading 0.23 g/t Au (YOR25-001R): A very shallow, thick, intercept of oxide gold mineralization that greatly expands the footprint of the York gold zone and confirms the potential to expand the York gold resource along strike and down-dip, leveraging the upside value of the recently announced York claim acquisition (please see cross section below).
  • York: A second higher grade zone at York: 18.3 metres (141.7 – 160.0m) grading 0.73 g/t Au including 12.2m grading 1.00 g/t Au (YOR25-002R). This drill hole bottomed in oxidized gold mineralized rock and is open up and down-dip, and along strike, defining a second gold trend at York.
  • Slab: 39.6 metres (67.1 – 106.7m) grading 0.30 g/t Au immediately below the south end of the Slab open pit (CAL25-004R). This drill hole defines a second, strataform, oxide gold horizon that mimics the geometry of the Slab mineral resource defined by prior drilling* and confirms a new target for gold resource expansion.

Cross section through drill hole YOR25-001R. The thick oxide gold intercept correlates with adjacent drill holes demonstrating excellent continuity to gold mineralization and the potential to greatly expand the conceptual pit shell used to constrain the gold mineral resource estimate at York. Note that the true thickness of the gold intercept is approximately equal to the drilled interval.

The 2025 Phase One RC drilling program was intended to confirm multiple target concepts in the York and Slab gold resource areas at the Santa Fe Mine Project. Based on the very positive results described in more detail below, the Company is in the process of planning additional drilling at both York and Slab for later this year.

York Drilling: Both RC drill holes completed at York successfully defined new extensions to known oxide gold mineral resources*. As shown above, YOR25-001R confirmed the down-dip continuity of shallow oxide gold mineralization east of the York open pit along the Columbia Fault. Gold mineralization in the drill hole shows excellent correlation with previous drilling, in both thickness and gold grade. As noted above, oxide gold mineralization is open to the north where the gold zone appears to become shallower, and to the south, where mineralization is unconstrained by drilling. Importantly, the newly acquired York claims (please see Lahontan press release dated August 19, 2025) provide ample room for further oxide gold resource expansion, without the constraint of a claim boundary.

YOR25-002R is particularly interesting as it validates the geologic model for the York Fault, an important north-south striking fault that is a key control for gold mineralization in the York area (please see map and section below). YOR25-002R bottomed in good grade oxide gold mineralization (1.0 g/t Au) that may be corelate to the gold zone defined in YOR25-001R, and is likely the upper portion of a much thicker gold zone: another target for resource expansion drilling in the Fall (please see section below). The York Fault gold system remains open up-dip, down-dip, and along strike.

These two drill holes at York underscore the potential to greatly expand the York gold resource and demonstrate the considerable upside of the York area at Santa Fe, amplified by the recently acquired new claims at York.

York area drill hole location map. Line(s) of the York cross sections are shown in red, the western boundary of the newly acquired York claims is shown by the dashed line. North is up.

Cross section through drill hole YOR25-002R (see location map for line of section). Combined with the results from YOR25-001R, the drilling confirms the potential to expand the York conceptual pit shell as shown in red. YOR25-002R bottomed in oxide gold mineralization grading 1.0 g/t Au Eq. This intercept may correlate with the thick zone defined by YOR25-002R and therefore defines an excellent target for future resource expansion drilling (black dashed line).

Slab Drilling: Lahontan completed five RC drill holes in the Slab gold resource area (see map below). All the drill holes cut oxide gold mineralization (please table below), however the results for drill holes CAL25-003R and -004R are very encouraging, defining a new, stacked zone of oxide gold mineralization below the resource defined by previous drilling and the Slab open pit*.

Drill hole location map, Slab open pit and resource area. The line of the cross section is in red. North is up.

CAL25-004R cut 39.6 metres grading 0.30 g/t Au and 1.2 g/t Ag (0.31 g/t Au Eq, see table below), all oxide, and directly below gold mineralization seen in the Slab open pit and defined by historic drilling (see section below), providing an excellent opportunity to expand the conceptual pit shell at Slab. Additional drilling along strike and northwest of CAL25-004R (left in section) can add to potential gold resources at Slab and improve future project economics.

Northwest – southeast cross section through the south end of the Slab open pit. A potential conceptual pit shell is shown in red.

The other drill holes at Slab, CAL25-001R through -003R all hit zones of gold mineralization and will require additional drilling to refine drill targets for future resource expansion.

Kimberly Ann, Lahontan Gold Corp CEO, Executive Chair, and Founder commented: ‘Lahontan is excited with the results from Phase One drilling at Santa Fe. In particular, the results from the York area, thick, shallow intercepts of oxide gold mineralization, highlight the tremendous upside potential of York, amplified by the recent expansion of our land package at York. We are in the process of designing a Phase Two drilling program for York and Slab, to take place in the Fall’.

Notes: Au Eq equals Au (g/t) + ((Ag g/t/83)*0.60). Silver grade for calculating Au Eq is adjusted to consider historic metallurgical recovery as described in the Santa Fe Project Technical Report*. True thickness of the intercepts is estimated to be 80-100% of the drilled interval. Numbers may not total precisely due to rounding.

QA/QC Protocols:

Lahontan conducts an industry standard QA/QC program for its core and RC drilling programs. The QA/QC program consisted of the insertion of coarse blanks and Certified Reference Materials (CRM) into the sample stream at random intervals. The targeted rate of insertion was one QA/QC sample for every 16 to 20 samples. Coarse blanks were inserted at a rate of one coarse blank for every 65 samples or approximately 1.5% of the total samples. CRM’s were inserted at a rate of one CRM for every 20 samples or approximately 5% of the total samples.

The standards utilized include three gold CRM’s and one blank CRM that were purchased from MEG, LLC of Lamoille, Nevada (formerly Shea Clark Smith Laboratories of Reno, Nevada). Expected gold values are 0.188 g/t, 1.107 g/t, 10.188 g/t, and -0.005 g/t, respectively. CRM’s with similar grades are inserted as the initial CRM’s run out. The coarse blank material comprised of commercially available landscape gravel with an expected gold value of -0.005 g/t.

As part of the RC drilling QA/QC process, duplicate samples were collected of every 20th sample interval at the drill rig to evaluate sampling methodology. Samples were collected from the reject splitter on the drill rig cyclone splitter. Samples were collected at each 95- to 100-foot (28.96 – 30.48m) mark and labeled with a ‘D’ suffix on the sample bag. No duplicates were submitted for core.

All drill samples were sent to American Assay Laboratories (AAL) in Sparks, Nevada, USA for analyses. Delivery to the lab was either by a Lahontan Gold employee or by an AAL driver. Analyses for all RC and core samples consisted of Au analysis using 30-gram fire assay with ICP finish, along with a 36-element geochemistry analysis performed on each sample utilizing two acid digestion ICP-AES method. Tellurium or 50-element analyses were performed on select drill holes utilizing ICP-MS method. Cyanide leach analyses, using a tumble time of 2 hours and analyzed with ICP-AES method, were performed on select drill holes for Au and Ag recovery. AAL inserts their own blanks, standards and conducts duplicate analyses to ensure proper sample preparation and equipment calibration. We have all results reported in grams per tonne (g/t).

About Lahontan Gold Corp.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 26.4 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq(48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. The technical content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101 — Standards of Disclosure for Mineral Projects. Mr. Lindholm was not an author for the Technical Report* and does not take responsibility for the resource calculation but can confirm that the grade and ounces in this press release are the same as those given in the Technical Report. Mr. Lindholm also could not directly verify the QA/QC procedures described above, but the protocols are similar to those described in the Technical Report*. For more information, please visit our website: www.lahontangoldcorp.com

* Please see the ‘Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project’, Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to 79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%.

On behalf of the Board of Directors

Kimberly Ann
Founder, CEO, President, and Executive Chair

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, and Executive Chair
Phone: 1-530-414-4400
Email: Kimberly.ann@lahontangoldcorp.com

Website: www.lahontangoldcorp.com

Cautionary Note Regarding Forward-Looking Statements:

Neither TSX Venture Exchange(‘TSXV’) 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. Except for statements of historical fact, this news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedarplus.com

Click here to connect with Lahontan Gold (TSXV:LG,OTCQB:LGCXF) to receive an Investor Presentation

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House and Senate lawmakers are returning to Washington from their home turfs to face a litany of critical battles in the coming weeks.

Tuesday marked the end of Congress’ annual August recess, and legislators are being met with several deadlines, ranging from averting a partial government shutdown to possibly extending President Donald Trump’s grip on D.C.’s police force.

Government funding

The House and Senate will overlap for just 14 days between Tuesday and the Sept. 30 government funding deadline, and no agreement has been reached yet on fiscal year (FY) 2026 spending priorities.

It’s likely that a stopgap extension of FY 2025 funding levels – called a continuing resolution (CR) – will be needed to avert a shutdown, which could have politically damaging consequences for Republicans while they control both Congress and the White House.

Democrats, unhappy with Republican efforts to rescind prior appropriated funds via the rescissions process, have signaled they’re ready to play hardball.

Any funding bill will need to pass through the Senate’s filibuster threshold, meaning Senate Majority Leader John Thune, R-S.D., can only lose a handful of votes. Senate Minority Leader Chuck Schumer, D-N.Y., is still calling for a bipartisan process, but trust across the aisle is wearing thin.

A White House official told reporters on Friday they believe a clean CR, meaning without any changes or riders attached, would put Democrats in a difficult position and that rejecting one would pin the blame for a shutdown on the left.

Republicans themselves will have precious little room for error, however. Two special elections in safe blue seats between now and Sept. 30 are poised to shrink the House GOP majority from three seats to two.

Epstein files

A bipartisan effort to force a House-wide vote on releasing the Department of Justice’s (DOJ) records on Jeffrey Epstein is expected to move full-throttle this week, even as the DOJ has already agreed to hand a tranche of files over to the House Oversight Committee.

Reps. Thomas Massie, R-Ky., and Ro Khanna, D-Calif., are leading what’s known as a discharge petition, a mechanism for forcing a vote on legislation over the wishes of House leaders. That’s if the petition gets a majority of House lawmakers’ signatures.

Speaker Mike Johnson, R-La., publicly condemned the effort in July, dismissing discharge petitions as a tool of the minority party and asserting that all Republicans were in favor of transparency in Epstein’s case.

Khanna told NBC News’ ‘Meet The Press’ over the weekend that the petition would go live on Sept. 2, and that he and Massie have more than enough commitments to force a vote.

DC police order

This week will also see the end of Trump’s 30-day hold over Washington, D.C.’s, police force, barring congressional action to extend it.

Trump federalized the Metropolitan Police Department (MPD) last month as part of a wider effort to crack down on crime in the capital city. Under D.C.’s Home Rule Act, his authority over the local police can last 30 days unless Congress passes a joint resolution to extend it.

The president suggested in August, however, that he could bypass Congress on the issue if he declared a national emergency — a move that some Republicans are already on board with. Additionally, Trump’s deployment of federal troops into the District does not have a statutory end date.

It’s not clear yet which route will be taken, but a leadership aide told Fox News Digital last month that House leaders were working with the White House on a package of legislation addressing D.C. crime.

Trump’s nominees

Senate Republicans were unable to get a deal in place to advance dozens of low-level nominations before leaving Washington last month.

Currently, Trump has 145 nominees scheduled on the executive calendar with more expected to make their way through committee as lawmakers continue their workflow.

And Republicans are willing to go nuclear on Senate Democrats to get their nominees through. That would mean unilaterally changing the rules in the upper chamber without Democrats weighing in.

The Senate GOP is set to meet this week to discuss the proposed rule changes, which could include shortening the debate time for certain nominees, bundling nominees together into a package or skipping the cloture vote on some nominees altogether. 


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