Author

admin

Browsing

  • Five-hole 1,750m drill program underway
  • Testing for potential large-scale high-sulphidation epithermal gold system
  • Assay results expected early Q1 2026

Forte Minerals Corp. (‘Forte’ or the ‘Company’) ( CSE: CUAU,OTC:FOMNF ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ) is pleased to announce that diamond drilling has commenced at its 100%-owned Pucarini High-Sulfidation Gold Project (‘ Pucarini ‘ or the ‘ Project ‘) in southern Peru. This marks the first-ever drill program on the Project and represents a significant milestone following several years of geological work, community engagement, and environmental permitting.

Pucarini is located within the Southern Peru Miocene Mineral Belt, which hosts numerous epithermal gold (‘ Au ‘) and porphyry copper – molybdenum (‘ Cu-Mo ‘) deposits. The Project exhibits a large-scale hydrothermal alteration footprint with high-sulphidation epithermal Au type mineralization, similar to those of neighbouring and regional deposits in the Puno region of Southern Peru.

Map

Figure 1 – Key Mineral Belts of Southern Peru, INGEMMET, 2020.

Pucarini Gold Geochemistry - IP Chargeability-Resistivity 3D Model

Figure 2 – Pucarini Au Geochemistry – IP Chargeability-Resistivity 3D Model – Ground Magnetic Susceptibility 3D Model and Proposed Drilling

Over the past several years, Forte has carried out detailed mapping, geochemistry, multispectral mineralogical analysis, and ground geophysics, while also building strong, long-term relationships with local communities. The Company secured its DIA drilling permit in August 2023 (refer to news release – September 29, 2023 ) and entered into a renewed one-year Community Agreement on March 1, 2025, ensuring local support for the 2025–2026 exploration drilling program.

Inaugural Drill Program

The Phase I program consists of:

  • 5 diamond drill holes
  • 1,750 metres total (~350 m per hole)
  • Testing a potential large-scale high-sulfidation epithermal gold system.

The drill targets were prioritized based on coincident gold geochemistry, high-sulfidation alteration zones, and high resistivity geophysical anomalies, creating a potential cohesive exploration model.

Figure 3 – Pucarini Au in Rock and Soil Geochemistry - Ground High Magnetic Susceptibility and Proposed Drill Hole Locations (1,750 m Proposed)

Figure 3 – Pucarini Au in Rock and Soil Geochemistry – Ground High Magnetic Susceptibility and Proposed Drill Hole Locations (1,750 m Proposed)

Pucarini Diamond Drill Hole #1 in Cross section

Figure 4 – Pucarini Diamond Drill Hole #1 in Cross section – Shallow IP High Chargeability/High Resistivity Anomaly with Deeper IP High Chargeability/Low Resistivity Anomaly.

Pucarini Diamond Drill Hole #2 in Cross section

Figure 5 – Pucarini Diamond Drill Hole #2 in Cross section – IP High Chargeability/ Low Resistivity Anomalies Coincident with a High Magnetic Susceptibility Anomaly

Pucarini Diamond Drill Hole #3 in Cross section

Figure 6 – Pucarini Diamond Drill Hole #3 in Cross section – IP High Chargeability/ Low Resistivity Anomaly and Deeper High Magnetic Susceptibility Anomaly

The 1,000-hectare 100% owned Pucarini Project contains multiple advanced argillic alteration zones within a 3.6 km by 1.8 km hydrothermal alteration footprint. These zones are characterized by massive and granular silica ledges, vuggy silica, and high-sulfidation alteration textures, all consistent with high-sulfidation epithermal Au alteration and mineralization on surface.

Forte has identified a cohesive Au geochemical anomaly in rocks and soils that spans 1,200 m by 600m, supported by a large 1,500 m by 600 m high chargeability anomaly. This is also coincident with a deep-rooted high magnetic susceptibility anomaly that potentially outlines a Au-Cu-Mo porphyry system at depth. Lower levels of anomalous Cu and Mo geochemistry in rocks and soils dominate the main target zone lending more conviction to a potential deeper porphyry target. Together, these datasets outline a robust, untested high-sulphidation epithermal Au target overprinting a potential porphyry Au-Cu-Mo target at greater depth.

With drilling now underway, the Company is positioned to unlock the first subsurface information ever collected from this extensive system. Core processing and sampling from the first drill hole is now underway, and the Company anticipates delivering first assay results to the market in early Q1 2026.

Pucarini Project high sulfidation epithermal alteration

Figure 7 – Pucarini Project high sulfidation epithermal alteration with anomalous Au in surface rock geochemistry

For more details on the geology, targeting methodology, and exploration model at Pucarini, please visit the project page: https://forteminerals.com/projects/pucarini/

Patrick Elliott

Forte’s President & CEO Statement, Patrick Elliott commented:

‘The start of drilling at Pucarini is a major milestone for Forte. After years of geological groundwork, permitting progress, and meaningful collaboration with local communities, we are finally able to test what we believe is one of the most compelling untested high-sulfidation gold exploration targets in southern Peru.

The scale of the alteration system, the strength of the geophysics, and the consistency of the gold anomaly make this a highly attractive first-pass discovery opportunity. With drilling underway, we look forward to sharing initial results with the market in December.’

Strengthened Balance Sheet and Strategic Alignment

Over the past four months, Forte has welcomed two new strategic investors, each investing C$5.7 million, bolstering the Company’s treasury and aligning long-term development plans across all projects. These investors bring significant in-country operational experience and will play an important role in unlocking value not only at Pucarini, but also at the Company’s second Au asset, the Alto Ruri Au Project.

Alto Ruri Gold Project (15 km from Barrick’s Pierina Mine)

While drilling progresses at Pucarini, Forte remains committed to advancing its second Au project, Alto Ruri , located approximately 15 km from the past-producing Pierina Mine, one of Barrick’s former cornerstone operations. Alto Ruri hosts shallow historical drilling, high-resistivity geophysical anomalies, and district-scale epithermal signatures, underscoring its potential for a near-surface Au discovery (refer to the news release dated March 4 th , 2024 ).

With the support of two new strategic investors with deep operational experience in Peru, advancing environmental permitting at Alto Ruri is a key priority as the Company prepares the project for future drilling.

Q ualified Person and NI 43-101 Disclosure

Richard Osmond, P.Geo., an Independent Director, is the Company’s Qualified Person (‘ Qualified Person ‘) as defined by National Instrument 43-101. He has reviewed and approved the technical information contained in this news release.

The information contained in this press release can also be viewed in the NI 43-101 Technical Report on the Pucarini Property, filed on SEDAR+ in November 2021.

About Forte Minerals

Forte Minerals Corp. is a well-funded exploration company with a strong portfolio of high-quality copper and gold assets in Peru. Through a strategic partnership with GlobeTrotters Resources Perú S.A.C. , the Company gains access to a rich pipeline of historically drilled, high-impact targets across premier Andean mineral belts. The Company is committed to responsible resource development that generates long-term value for shareholders, communities, and partners.

On behalf of Forte Minerals Corp.

(signed) ‘ Patrick Elliott’
Patrick Elliott, MSc, MBA, PGeo
President & Chief Executive Officer
Forte Minerals Corp.
T: (604) 983-8847

Investor Inquiries Media Contact
Kevin Guichon, IR & Capital Markets Anna Dalaire, VP Corporate Development
E: kguichon@forteminerals.com E: adalaire@forteminerals.com
C: (604) 612-9976 T: (604) 983-8847
info@forteminerals.com
www.forteminerals.com

Follow Us On Social Media : LinkedIn | Instagram | X | Meta | The Drill Down; Newsletter

Certain statements included in this press release constitute forward-looking information or statements (collectively, ‘forward-looking statements’), including those identified by the expressions ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘should’ and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements relating to the intended use of proceeds of the Strategic Placement. These forward-looking statements and information reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company with respect to the matter described in this press release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under ‘Risk Factors and Uncertainties’ in the Company’s latest management’s discussion and analysis, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca, and in other filings that the Company has made and may make with applicable securities authorities in the future.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information or statements to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.

Neither the Canadian Securities Exchange (the ‘CSE’) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Images accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/52e7d639-603f-4d4a-b7de-3dd04fa2bc2d

https://www.globenewswire.com/NewsRoom/AttachmentNg/edea04da-ac6b-4f7a-a72b-60babaf95040

https://www.globenewswire.com/NewsRoom/AttachmentNg/d31dd674-76a5-4a7b-a6e1-96aa007d99be

https://www.globenewswire.com/NewsRoom/AttachmentNg/68ed58ee-1d7f-465c-974b-4842b64a4e93

https://www.globenewswire.com/NewsRoom/AttachmentNg/386f7ccf-a5c2-4890-8484-c2159ea9b24a

https://www.globenewswire.com/NewsRoom/AttachmentNg/36a4fcbb-8a28-43ee-ae62-ca35dbb5b2b2

https://www.globenewswire.com/NewsRoom/AttachmentNg/769d6ed9-ceb9-4402-846e-a017e0362e8c

https://www.globenewswire.com/NewsRoom/AttachmentNg/c372199d-8780-49ea-9dfc-43d0c6018805

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is proud to announce the successful first commercial installation of its proprietary energy management system, ‘The Hub,’ on a Risen battery energy storage system (BESS) at a customer site, marking a key commercialization milestone for the Company’s AI-driven energy solutions business.

The Hub is Homerun Energy’s advanced AI-enabled Energy Management System (EMS), built to orchestrate batteries and other flexible assets in real time to maximize revenue, reduce operating costs, and protect asset life. By connecting directly to the Risen BESS, The Hub now controls live charging and discharging at the customer’s site based on market signals, grid conditions, and on-site constraints, demonstrating full field functionality on a commercial battery platform.

‘This first commercial installation of The Hub on a Risen battery provides the validation investors have been waiting for,’ said Dr Luca Sorbello, CEO, Homerun Energy ‘We have moved from development to live operations, proving that our AI-enabled control system can unlock more value from storage assets while supporting a cleaner, more reliable grid.’

Learn more about the installation through this informative video: https://youtu.be/zwc_T0sPCVE

AI is central to the intelligence behind The Hub. By continuously analysing real-time data, from grid conditions and market prices to on-site consumption and battery health, The Hub’s AI models predict optimal dispatch strategies before they’re needed. This allows the system to automatically maximize revenue opportunities, reduce operating costs, and protect the battery from unnecessary wear. As The Hub learns from each installation, its algorithms become even more accurate, enabling smarter, faster, and more reliable control across an entire fleet of distributed energy assets.

The inaugural deployment enables:

  • Intelligent dispatch of the battery to capture price arbitrage, peak shaving, and grid-support services
  • Real-time monitoring and analytics, giving asset owners full visibility into performance and health
  • Configurable control strategies, allowing operators to adapt quickly to evolving tariffs, regulations, and market opportunities
  • Scalable architecture, built to manage fleets of storage assets across multiple sites

As renewable generation continues to grow, battery storage and intelligent control systems are becoming critical to balancing supply and demand. With The Hub now operating on a live battery installation, Homerun Energy is positioned to support developers, asset owners, and utilities looking to maximize the value of their storage portfolios.

‘Storage is only as smart as the software that controls it,’ added Luca Sorbello ‘The Hub was built from the ground up for flexibility and scale, so this first installation is just the beginning.’

Learn more at www.homerunenergy.com

About Homerun

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

  • ⁠Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.
  • Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.
  • Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.
  • ⁠Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

On behalf of the Board of Directors of
Homerun Resources Inc.

‘Brian Leeners’

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

Neither the 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.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276016

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Apollo Silver Corp. (‘ Apollo Silver ‘ or the ‘ Company ‘) (TSX.V: APGO, OTCQB: APGOF, Frankfurt: 6ZF) is pleased to announce that it has engaged Equedia Network Corporation (‘Equedia’), an arm’s-length service provider, to provide communications and advisory services (the ‘Services’) in accordance with the policies of the TSX Venture Exchange (‘TSXV’) and applicable securities laws.

Based in Richmond, British Columbia, Equedia specializes in marketing, communications, media engagement, and public-awareness services within the mining and metals sector. Under a consulting services agreement dated November 25, 2025 (the ‘Agreement’), Equedia will provide communications, marketing, and advisory services to the Company for a three-month term for a one-time fee of US$350,000, plus applicable taxes.

Equedia currently hold 6,000 common shares of the Company, acquired through the open market. Equedia has advised that it may purchase additional common shares of the Company during the term of the Agreement. Equedia will not receive any common shares, options, or other securities of the Company as compensation.

The engagement is subject to the approval of the TSXV.

About Apollo Silver Corp.

Apollo Silver is advancing one of the largest undeveloped primary silver projects in the US. The Calico Project hosts a large, bulk minable silver deposit with significant barite and zinc credits – recognized as critical minerals essential to the U.S. energy, industrial and medical sectors. Additionally, the Company has optioned Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major CRD deposit that is both high-grade and large tonnage. Led by an award-winning management team, Apollo’s growth strategy is matched only by the scale of the opportunity ahead.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com
Telephone: +1 (604) 428-6128

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.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, the timing, scope, and success of planned marketing and advisory services by Equedia. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and Ba; the demand for silver, gold and Ba; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws .

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Blue Sky Uranium Corp. logo (CNW Group/Blue Sky Uranium Corp.)

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

Blue Sky Uranium Corp. (TSXV: BSK,OTC:BKUCF) (FSE: MAL2) (OTC: BKUCF), ‘Blue Sky’ or the ‘Company’) is pleased to announce the completion of a comprehensive Gap Analysis for the Ivana Uranium-Vanadium Deposit (‘Ivana’) at the Amarillo Grande Project in Río Negro Province, Argentina.

The Gap Analysis was prepared by M3 Engineering & Technology Corporation, supported by a consortium of specialized consulting firms, at the request of Ivana Minerales S.A, (‘IMSA‘) the operating company for the joint-venture between Blue Sky and a subsidiary of Corporacion America Group, (‘COAM‘) to advance Ivana.

Using the existing Preliminary Economic Assessment (‘PEA‘) as the baseline, the GAP Analysis provides a clear, actionable roadmap for advancing Ivana through the Pre-Feasibility Study (‘PFS‘) stage and potentially onward to the completion of a Feasibility Study (‘FS‘) and submission of the final Environmental Impact Assessment for Ivana. The timeline established by the roadmap is approximately 24 months to complete these steps, with an estimated overall budget of US$13.5 million, including contingencies.

Nikolaos Cacos, Blue Sky President & CEO commented, ‘Completing this Gap Analysis marks a significant strategic milestone for Blue Sky and IMSA. Our goal has always been to rapidly advance our first discovery at the Amarillo Grande project toward potential uranium production. This analysis focuses the remaining steps, providing an aggressive but systematic timeline and clear path forward. Our local partner is committed to this process with us and together we are moving Ivana forward rapidly and responsibly.

GAP Analysis Summary

The objective of the Gap Analysis was to identify technical, environmental, social, and regulatory areas where additional data collection, studies, or design are needed to support a PFS and FS. The baseline for all technical assessments was the PEA and updated Mineral Resource Estimate (‘MRE‘) for the Ivana deposit described in the NI 43-101 Technical Report dated April 2, 2024, filed on SEDAR+. The MRE includes 19.7 million tonnes at 0.039% U₃O₈ and 0.019% V₂O₅ in the Indicated category, and 5.6 million tonnes at 0.031% U₃O₈ and 0.019% V₂O₅ in the Inferred category. The PEA describes an initial 11-year mine life for the deposit, requiring a capital expenditure of US$159.7 million and an estimated average life-of-mine all-in sustaining cost of US$24.95 per pound U₃O₈, net of credits. The economic analysis includes an after-tax NPV8% of US$227.7 million, a payback period of 1.9 years, and an IRR of 38.9%. Readers are cautioned that the PEA is preliminary in nature and is intended to provide an initial assessment of the project’s economic potential and development options. The PEA mine schedule and economic assessment includes numerous assumptions and is based on both Indicated and Inferred mineral resources. Inferred resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA results will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Additional exploration will be required to potentially upgrade the classification of the inferred mineral resources to be considered in future advanced studies.

The Gap Analysis report confirms that Ivana benefits from strong baseline technical work, favorable metallurgy, clear permitting pathways, and a well-defined execution plan. The report provides a structured timeline to advance key areas in order to support a PFS and FS for Ivana:

  • Mineral Resources: IMSA completed a new infill drilling program this year, totaling 328 RC holes, to support potentially further upgrading the category of some or all of the resource (currently ~80% of the MRE is in Indicated). Integrating this infill program with the previous block model will help define future drilling requirements, if needed, to establish mineral reserves for the FS.
  • Mineral Processing: Previous alkaline leach metallurgical tests have shown excellent uranium recoveries after low-cost scrubbing and screening preconcentration. The GAP analysis recommended repetition of leach testwork, further optimization of beneficiation, solvent extraction and downstream precipitation testing, additional process step testing and confirmation that the brine/brackish water available on site can be used in the processing flowsheet. The additional proposed mineral processing testwork is expected to take about 15 to 16 months and represents the most significant critical-path item to support the project’s advancement.
  • Hydrogeological, Radiological, and Geotechnical Baseline: Hydrogeological studies began in 2017, with baseline studies completed between 2021 and 2023 and updated in 2024 through 2025. The GAP Analysis recommends supplementary programs to strengthen these baseline datasets and ensure they are fully aligned with upcoming permitting milestones.
  • Surface Water, Groundwater, Geochemistry, Tailings, Closure/Rehab: The Gap Analysis identifies work related to surface and groundwater studies, along with the need for additional geochemical characterization of ore and waste materials, further definition for tailings design, and the related inputs that will support closure and rehabilitation planning at the PFS/FS stages.
  • Infrastructure: No significant infrastructure constraints were identified, allowing engineering activities to proceed in parallel with technical studies related to access roads, site buildings, power supply, and more.
  • Biodiversity, Archaeology, and Paleontology: Baseline surveys began in 2021 and have provided proper characterization. The report recommends maintaining and reinforcing these surveys for a more detailed understanding.
  • Communities: Social studies conducted in recent years are considered sufficient at this stage. The report suggests further work to consolidate the socioeconomic baseline and implement specific programs.

In addition to identifying technical requirements, the study provides a high-confidence development framework that reduces execution risk and establishes a clear path to Feasibility Study level, culminating in the submission of an Environmental Impact Assessment report to the regulatory authorities. Key milestones in the path include:

  • Q4 2025: Metallurgical lab selection and sample shipment; initiation of mineral resources update
  • Q2 2026: Preliminary metallurgical results and commencement of extended metallurgical tests
  • Q3 2026: PFS level of engineering
  • Q3 2026: Final mineral resource report and PFS completion
  • Q2 2027: Final Metallurgical test report and FS completion
  • Q3 2027: EIA submission

The total cost to complete the required technical, environmental, and permitting studies up to the Feasibility Study level is estimated at US$11.4 million, with an additional US$2.05 million contingency, for a total of US$13.45 million.

Qualified Persons

The technical contents of this news release have been reviewed and approved by Mr. Ariel Testi, CPG, who works for the Company and is a Qualified Person as defined in National Instrument 43-101.

About Ivana Minerales S.A.

Ivana Minerales S.A. is the operating company for the joint-venture between Blue Sky and its partner Abatare Spain, S.L.U. to advance the Ivana Uranium-Vanadium deposit in Rio Negro Province of Argentina. The activities of IMSA are subject to the earn-in transaction (the ‘Agreement‘) in which COAM will fund cumulative expenditures of US$35 million to acquire a 49.9% indirect equity interest in the Ivana deposit, and then has the further right to earn up to an 80% equity interest in IMSA by completion of a feasibility study and funding the costs and expenditures up to US$160,000,000 to develop and construct the project to commercial production, subject to the terms and conditions in the Agreement. IMSA also has a Call Option to acquire a 100% interest in all or part of certain exploration targets owned by Blue Sky’s 100%-held subsidiary, subject to certain conditions. For additional details, please refer to the News Release dated February 27, 2025, as well as the Company’s latest Financial Statements & MD&A available at blueskyuranium.com.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company’s objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky’s flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company’s recently optioned Corcovo project has potential to host an in-situ recovery (‘ISR‘) uranium deposit. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

‘Nikolaos Cacos’ 
______________________________________
Nikolaos Cacos, President, CEO and Director

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.

This news release may contain forward-looking statements and forward-looking information (collectively, the ‘forward-looking statements’) within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements that, other than statements of historical fact, address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the GAP Analysis providing a clear, actionable roadmap for advancing Ivana through the PFS stage and potentially onward to the completion of a Definitive Feasibility Study DFS and submission of the final Environmental Impact Assessment for Ivana, the timeline established by the roadmap being approximately 24 months to complete these steps, with an estimated overall budget of US$13.5 million, including contingencies, the timing of the completion of the milestones in the path, the Company’s planned drilling campaigns, its objectives and the potential mineral content of its projects. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: uncertainty relating to mineral resources; risks related to heavy metal and transition metal price fluctuations, particularly uranium and vanadium; risks relating to the dependence of the Company on key management personnel and outside parties; the potential impact of global pandemics; risks and uncertainties related to governmental regulation and the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations, including in respect of the Company’s planned exploration program described in this news release. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company’s public disclosure documents for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/blue-sky-uranium-completes-comprehensive-gap-analysis-for-ivana-deposit-and-identifies-clear-roadmap-to-feasibility-302626379.html

SOURCE Blue Sky Uranium Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2025/26/c9669.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

U.S. Special Envoy Steve Witkoff gave a senior Kremlin official tips on how to sell a Ukraine peace deal to President Donald Trump, a report said.

Witkoff spoke by phone to Russian President Vladimir Putin’s top foreign policy aide Yuri Ushakov on Oct. 14, advising him on how Putin should bring up the topic with the U.S. president, according to Bloomberg.

‘We put a 20-point Trump plan together that was 20 points for peace, and I’m thinking maybe we do the same thing with you,’ Witkoff was quoted by Bloomberg as saying, in reference to the Trump administration’s Gaza peace deal.

During the phone call, which lasted about five minutes, Witkoff said he had a deep respect for Putin and that he had informed Trump that he believed Russia has always wanted a peace deal for Ukraine, Bloomberg reported.

Witkoff mentioned that Ukrainian President Volodymyr Zelenskyy was visiting the White House in mid-October and that Putin could speak to Trump ahead of that meeting, the report added.

‘Zelenskyy is coming to the White House on Friday,’ Witkoff said, according to a recording of the phone call obtained by Bloomberg. ‘I will go to that because they want me there, but I think, if possible, we have the call with your boss before that Friday meeting.’

Witkoff suggested that Putin congratulate Trump on the Gaza peace deal and say that Russia backed it and that he respects Trump as a man of peace, Bloomberg reported.

‘Here’s what I think would be amazing,’ Witkoff reportedly added. ‘Maybe he says to President Trump: you know, Steve and Yuri discussed a very similar 20-point plan to peace and that could be something that we think might move the needle a little bit. We’re open to those sorts of things.’

Bloomberg also reported that Ushakov said Putin ‘will congratulate’ Trump and say ‘Mr. Trump is a real peace man.’

Fox News Digital has reached out to the White House for comment.

‘This story proves one thing: Special Envoy Witkoff talks to officials in both Russia and Ukraine nearly every day to achieve peace, which is exactly what President Trump appointed him to do,’ White House communications director Steven Cheung told Bloomberg.

Ushakov told Russian media on Wednesday that details about his conversation with Witkoff should not have been leaked, describing the situation as ‘unacceptable,’ according to Reuters.

It added that Ushakov said the leak was aimed at hindering discussions between the U.S. and Russia and that he would be raising the matter with Witkoff.

On Tuesday, Ukraine agreed to the peace deal that would see an end to the war with Russia, a U.S. official told Fox News.

Some minor details of the agreement are still to be sorted out, the official said.

Lt. Col. Jeff Tolbert, a spokesman for U.S. Army Secretary Dan Driscoll, had told Fox News that Driscoll and his team met with Russian officials in Abu Dhabi on Monday and Tuesday to discuss the framework for a Ukraine peace deal.

A U.S. official told Fox News that the Ukrainian delegation was also in Abu Dhabi and was in contact with Driscoll and his team.

Fox News’ Ashley Carnahan and Jennifer Griffin contributed to this report.


This post appeared first on FOX NEWS

In a recent analysis gone viral, financial blogger Michael W. Green traced how modern American families can earn anywhere from $40,000 to $100,000 and still fall further behind. The argument is devastatingly simple: the mathematical parameters defining “poverty” are built upon a benchmark drawn in 1963, multiplied by three, and only lightly adjusted for inflation. Everything else — childcare, healthcare, housing, transportation, and the structural design of the welfare state — has transformed beyond recognition. The result is a system in which the official poverty line tells us less about deprivation than it does about starvation. And once you trace the math, the inescapable metaphor emerges: America’s working households require escape velocity to break free from the gravitational well of modern costs of living.

In physics, escape velocity is the minimum energy needed to break free from a body’s gravitational pull. Below that threshold, every burst of energy merely bends the trajectory and drops the object back into orbit. The same dynamic now governs mobility in the United States.

Using conservative assumptions, a bare-bones “participation budget,” the minimal cost necessary for a household to work, raise children, and avoid freefall, is roughly between $136,000 to $150,000. That figure doesn’t represent luxurious living; it’s the updated application of Mollie Orshansky’s original method, which assumed food was one-third of a household’s budget. Today, food is closer to 5 to 7 percent, and the real multipliers reside in the unavoidable costs of existing in a post-industrial service economy. The system still uses the original 1963 architecture, so the “poverty line” is measured as if housing, childcare, and healthcare still operated like they did during the Kennedy administration.

Below this new-era threshold, income gains are eaten by benefit cliffs: the loss of Medicaid, SNAP, childcare subsidies, and at that same point a sudden, full exposure to market prices in sectors that the United States has spent decades distorting through subsidies, mandates, and regulatory sclerosis. A family can leap from $45,000 to $65,000 and end up poorer, because the system confiscates more than 100 percent of that incremental income. From that perspective, it’s not irrational to stay put rather than aggressively seek higher earnings that will only bring more hardship and deprivation.

Using the 1963 poverty line today is like measuring the distance from Earth to the moon with a yardstick whose markings have been sandblasted away. It ensures two outcomes. First, because the benchmark is too low, benefits are means-tested too early. The ladder gets sawed off halfway up. The poor face marginal tax rates that would make a hedge fund blanch, and the working poor find that one extra dollar of income can trigger thousands of dollars in lost benefits. The mathematics are inherently punitive, punishing upward mobility and the productive instincts that animate it.

Second, persistent inflation, especially in non-discretionary categories, reshapes the spending basket faster than the poverty formula can adjust. This is not purely the result of supply-and-demand fundamentals. It is a direct consequence of decades of monetary expansion, financial repression, interest-rate suppression, and regulatory barriers that choke off the supply in housing, healthcare, education, and childcare. When the Federal Reserve aims to stabilize macroeconomic aggregates, it also inadvertently distorts the production of essential goods that determine whether a family can remain afloat. Price levels matter for survival even if economic science has come to prefer analyzing rates of change.

A similar mismatch between past prices and present reality — the real versus nominal divide — haunts the financial system. The $10,000 reporting requirement for bank transfers was created in the early 1970s, when $10,000 represented a down payment on a house. Today it represents two or three months’ rent in many cities — or a single dental emergency. Inflation has quietly turned an anti-money-laundering threshold into a mass-surveillance dragnet for normal people performing normal transactions. That same inflation, coupled with outdated benchmarks, now pushes American families into poverty by statistical invisibility and brutally repels attempts at upward mobility.

When escape velocity is $140–$150k, and the effective marginal tax rate is 80–120 percent, buying scratch-off tickets ceases to be obviously irrational. One needs a tremendous economic leap of roughly $100,000 a year to continue living without disruption. In a nonlinear system with cliffs and arbitrary phase changes, a low-probability high-payout gamble can be mathematically defensible. Tilting at heavy-tailed payoffs is not illogical; it is a response to a payoff structure policymakers engineered.

A likely response, politically, is to suggest simply lifting eligibility all the way up to the true cost-of-living threshold. But indexing benefits to the real cost of American life would balloon federal outlays by trillions. Extending Medicaid, SNAP, housing subsidies, and childcare credits to households making $140,000 would produce deficit dynamics that would make the 2020–2021 stimulus era look mild and restrained. The welfare state is already actuarially fragile; expanding it to cover half the US population would collapse it. On the other hand, three somewhat simple reforms could help restore a sane poverty escape velocity:

  • Use a modern participation-budget approach, not a 1963 grocery multiple. If there is to be a social safety net, it should be driven by means testing which phases out smoothly, not falls off cliffs. 
  • Deregulate housing, healthcare, childcare, and education: the sectors where supply is most strangled by regulation. Deregulation — particularly zoning, certificate of need laws, licensing, and insurance mandates — would create downward price pressure far more powerful than subsidies.
  • The Federal Reserve’s century-long experiment with cheap money has inflated asset prices, destroyed purchasing power, raised the cost of entry into middle-class life, and widened the gap between wages and participation requirements. A quick fix could be rendered by shifting from discretion to a rules-based monetary regime (whether Taylor-style, commodity-linked, or another transparent, market-tested anchor) to stabilize prices and reduce the boom-bust cycles that erode household stability.

America’s primary poverty crisis is not moral failure, laziness, or poor financial literacy. It is math. A system built on 1963 assumptions cannot function in a 2025 reality. Until the parameters shift, which is to say until lawmakers acknowledge the true cost of participation, that escape velocity will remain impossibly out of reach for tens of millions. The tragedy is not that people are failing; it is that the system is calibrated for a world that has not existed in over three generations. There is no reform, no genuine improvement in the condition of the poor, no revival in the living standards of consumers — or of any American who works — without monetary reform beginning at the very top, with the Federal Reserve.

In most sectors of the American economy, we celebrate the moment when insiders break away to build something better. Engineers start their own firms. Chefs open their own restaurants. Innovators leave incumbents and test their mettle in the market. Only in US healthcare do we treat that entrepreneurial impulse as a threat worthy of prohibition. 

Section 6001 of the 2010 Affordable Care Act froze the growth of physician-owned hospitals (POHs) by barring new POHs from getting paid by Medicare and Medicaid, and by restricting the expansion of existing POHs. It did not ban POHs outright, but it had roughly the effect of a ban; after years of growth, the number of POHs in the US abruptly plateaued at around 230-250, and practically no new POHs have opened since 2010.   

Supporters of the ban on POHs say it is needed to prevent conflicts of interest, cream-skimming, and overuse.

One argument is that without such a ban, POHs would cherry-pick the healthier and more profitable patients, leaving other hospitals with sicker and more costly patients. There is some evidence that physician-owned specialty hospitals tend to attract healthier patients and tend to focus on lucrative service lines. But why does that justify a ban on POHs? Specialization is one way that entrepreneurs create value. Cardiac centers, orthopedic hospitals, and focused surgical facilities exist precisely because repetition and standardization can improve outcomes and reduce costs. Specialty hospitals can even exert a positive influence on surrounding general hospitals to improve quality and reduce costs for everyone. 

Another argument is that uncontrolled self-referral would result in the overutilization of services and a rise in healthcare spending. Overutilization is a major contributor to wasteful spending in healthcare, which has been estimated to account for approximately 25 percent of total healthcare spending, or between $760 billion and $935 billion nationwide. The reasoning is that if physicians are able to refer patients internally for services, procedures, and tests, then physicians will cease to exercise careful cost control. This, however, is more of an indictment of the current price and payment systems than an indictment of physician ownership. By setting prices via committee instead of relying on genuine market prices, policymakers have created in Medicare and Medicaid a gameable system that rewards volume. The response to poorly designed reimbursement mechanisms should be to fix the mechanisms, not blame ownership models.

The POH issue illustrates how, in a mixed economy, controls beget controls. To keep the program politically popular, Medicare’s pre-payment review and protections against waste are generally less stringent than those found in the private insurance world. Given that context, preventing physicians from referring patients to the entities they own can seem like a sensible check against waste and abuse.

In a more market-driven system, however, the problem would evaporate without the need for a ban on POHs. Individuals (or their plan sponsors) would control more of their healthcare dollars; prices would be transparent and site-neutral; and hospitals and physician-led facilities would compete on bundled prices, warranties, and measured outcomes. The alleged perils of physician ownership would be addressed through competition and reputation. Insurers and self-funded employers would exercise discipline on overuse through selective contracting, reference-based pricing, and value-based payments, and patients would reward cost-effective specialists. 

In a free-market system, a physician’s ownership stake in a hospital is no more a threat to the taxpayer than a chef’s ownership stake in a restaurant is to an individual looking for a good place to dine. 

Often in US health policy, we are in the position of needing to make multiple fixes simultaneously in order to take a real step forward. Philosophically, the ban is indefensible. Physicians should be as free as any other professionals to become entrepreneurs and form, finance, and run institutions. Entrepreneurship should not require special permission. In nearly every other industry, the very engine of specialization, quality improvement, and cost discipline is entrepreneurship. Entrepreneurial profit is a reward for foresight, innovation, and service. But prior policy decisions give the ban a veneer of justification.

If we let the POH ban stand, then incumbency triumphs over innovation, with large hospital systems holding a legislated shield against potential competitors. If we lift the ban but make no accompanying changes, some fleecing of the taxpayer could occur.

We ought to lift the ban on POHs while simultaneously making reforms that let individuals control more of their own healthcare dollars. This would incentivize physicians to compete on value, mitigating concerns about overutilization.

One way to do this is to pair the repeal of the POH ban with payment neutrality and consumer control. This would end the artificial price differences that federal policy has assigned to different sites of care. MedPAC has long recommended site-neutral payment to strip away hospital markups for services that can be safely delivered in lower-cost settings. Efficient entrants will thrive by being better at care, instead of being better at “location arbitrage.”

Another way to do this is to put more real dollars under patient control. Empowering individuals with flexible accounts — yes, even in the Medicare and Medicaid contexts — would guard against overutilization. Evidence shows that when consumers face prices and control the marginal dollar, spending becomes more disciplined. This could be the proving ground for broader reforms involving the pairing of portable health savings accounts with catastrophic coverage in the Medicare and Medicaid populations.

Maintaining the ban on POHs is wrong. It denies clinicians the freedom to build their own institutions, and it denies patients the freedom to choose them. However, simply repealing the ban without making any other changes could open the door to overutilization at the expense of taxpayers, which is why we should pair the lifting of the ban with other changes. We should protect voluntary exchange among free individuals, while taking steps to align incentives so that patients, not political pull, direct the flow of dollars.

Bert Dohmen, founder and CEO of Dohmen Capital Research, discusses precious metals.

He believes gold’s fundamentals support ‘much higher prices’ for a number of years, and sees silver doing even better as the US faces down the specter of potential deflation.

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

This post appeared first on investingnews.com

For years, rare earths have been discussed mostly in times of crisis — a supply scare here, a geopolitical flare there. This year, the strategic minerals are again taking center stage as China reasserts control over the sector.

The latest round of rare earths policy shifts has put new attention on how producers outside China are positioning themselves. For MP Materials (NYSE:MP), 2025 has been less about responding to market turbulence and more about testing what a viable, strategically resilient rare earths supply chain could look like beyond China’s dominance.

“We’ve been talking about these issues for many, many years,” CFO Ryan Corbett said during a fireside chat at the Benchmark Week conference in Marina del Rey, California.

“But the export controls in April put everything in stark relief.” The result, he told the audience, has been a level of public and government attention he has “never seen before.”

And the attention is coming at a pivotal moment for the US-based company.

This year marked five years since MP went public, an anniversary the team celebrated by ringing the bell at the New York Stock Exchange, as well as the culmination of several major announcements aimed at strengthening rare earths production, processing and magnet making outside of China.

The long road from mine to magnet

Corbett is the first to admit that the broader conversation around rare earths often oversimplifies the challenge. Headlines usually focus on mining or magnets, but the real bottlenecks, he stressed, live in the middle.

“You don’t magically take NdPr oxide and turn it into a magnet in a magnet factory,” he said. The process includes converting oxide to metal, metal to alloy flake, flake to powder, then pressing, sintering, slicing and grinding. Each step requires specific infrastructure, technical expertise and — perhaps most critically — experience.

Corbett sees this gap clearly in the wake of announcements from companies claiming to have plans for large-scale magnet facilities. “We see all these announcements — ‘We’re going to do a 10,000 ton magnet plant.’ They’ve never made metal before,” he said. “Good luck. It takes time. It takes investment. It takes R&D.”

When MP listed publicly five years ago, it was still producing only rare earths concentrate. The company told investors it would revisit magnet-making discussions around 2025.

Geopolitical urgency pushed MP to accelerate that timeline, leading to the company’s fully integrated US facility in Fort Worth, where metal, alloy and finished magnets are now all made domestically.

“It is critical that we master all of them at scale,” Corbett said. Without that know-how, any new facility will be vulnerable to single-point failures, the same dynamic that has left the industry heavily reliant on China.

Where the real rare earths bottleneck lies

When asked what truly slows down western rare earths supply chain development, Corbett didn’t point to mining. Instead, he pointed to refining, a stage China has dominated for decades.

“China doesn’t have 99 percent of the upstream reserves,” he noted. “They have the refining capacity and capability.”

That distinction is shaping MP’s next major step: a new world-scale refining facility in Saudi Arabia, built in partnership with Maaden and backed by the US Department of Defense (DoD).

The project is designed to process feedstocks from around the world, including materials that are too small, too short-lived or too geographically constrained to justify their own refineries.

Crucially, the new plant is being built with capital from the US government, not MP. “We didn’t want to be putting more capital at risk overseas while we’re fulfilling promises in the US,” Corbett said.

He added that the government wanted the facility built, and MP brought the technical and operational capability; the equity investment from the DoD bridged the gap.

The structure is unusual. According to Corbett, this is the first time since World War II that the DoD has taken an equity stake in a private enterprise. But he argued that the situation demands it.

“From a supply chain and national security perspective, we are that far behind.”

A price floor that reshapes incentives

The DoD’s involvement isn’t limited to the Saudi facility.

This past summer, the department also struck a landmark agreement with MP, establishing a price floor for NdPr oxide, the high-value rare earths ingredient inside permanent magnets.

The deal is “absolutely transformational,” Corbett said.

Rare earths prices have historically been highly vulnerable to sudden moves from China, a fact that has long posed an existential risk to western refiners. “What good is it to invest billions of dollars if the second you turn your refinery on, prices go from US$170 to US$45?” questioned Corbett.

The agreement is structured to avoid distorting the downstream market. MP still sells oxide at market prices; the government covers the difference only when prices fall below the negotiated threshold.

“It doesn’t impact the pricing of our magnets at all,” Corbett explained. “That was really important to us.”

If prices soar — something Corbett says he would welcome — MP would pay the government.

“I hope five years from now I’m being accosted by investors for taking this deal, because prices are so high we’re cutting checks back to the government,” he said.

Apple, recycling and the next phase

Also over the summer, MP announced another milestone — a major partnership with Apple (NASDAQ:AAPL) to source 100 percent recycled rare earth materials for the tech giant’s devices.

Recycling is often framed as a threat to miners. Corbett argues the opposite.

“It’s still a game of scale and expertise in refining,” he said. “It’s just a different feedstock.”

In many ways, recycled magnets are easier to process than raw ore. The challenge is achieving sufficient volume and consistency, something MP believes Mountain Pass is uniquely positioned to enable.

“Integration matters,” Corbett said. By blending recycled materials with the mine’s large, steady feedstock, MP can smooth out the variability inherent in end-of-life magnets.

A new playbook for national resources?

Taken together, MP’s 2025 announcements point toward a broader shift in how western governments approach critical minerals supply chains moving forward. Heavy government involvement through frameworks like equity stakes, price floors and international partnerships may represent a new template.

“This administration is approaching it with the mentality that it’s going to take real dollars to make this happen,” Corbett said. And if its investments pay off, he argued, they could help rebuild an industrial base the US hasn’t had in decades as MP positions itself to offer the full value chain, from mining and refining to producing finished magnets.

“Once the flywheel gets going,” Corbett said, “You’re onto something.”

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

This post appeared first on investingnews.com

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that it has received TSXV conditional approval for its previously announced financing, originally announced on June 16, 2025, with an arm’s length institutional investor, Sorbie Bornholm LP (the ‘Investor’) in connection with a proposed financing for CDN$6,000,000.00 (the ‘Offering’) at a price of $1.00 per unit (‘Unit’).

The Offering will consist of the issuance of 6,000,000 Units. Each Unit shall be comprised of one (1) common share (‘Shares‘) of the Company and one (1) common share purchase warrant (‘Warrants‘). The proceeds from the Offering will be used to advance the Company’s vertically integrated silica to solar and energy storage business, supporting business development and scaling of revenues and for general working capital purposes.

Brian Leeners, CEO of Homerun stated, ‘We are thrilled to welcome this particular Institutional Investor as they have chosen Homerun to be their inaugural investment with a company trading on the TSX Venture Exchange. Their innovative investment model provides capital over 24 months keeping our team focused on the execution of our plans and deliverables. We have confidence that this financing based on its unique model, will provide capital premiums to the original financing amount over that 24-month period as we continue to de-risk our business and transition into a high-growth, revenue-generating Company with exceptional long-term potential.’

Sorbie Bornholm Managing Director Whitney Kofford commented, ‘Sorbie is proud to announce this new investment in Homerun Resources and to provide Homerun with flexible, growth-linked capital over the next two years through our unique Sharing Agreement. The global energy transition requires bold thinking and the ability to execute on transformative ideas. Homerun’s integrated strategy for high-purity silica and advanced energy solutions is a prime example of just that – innovation meeting opportunity. We applaud Homerun’s consistent track record of hard work and determination, and we look forward to supporting the Company over the longer-term throughout their growth trajectory.’

Pursuant to the terms and conditions of a Sharing Agreement between the parties, the following structure and sequence will take effect under the Offering:

  • The Investor will deposit CDN$6,000,000 into a third-party escrow account.
  • The Company will issue the 6,000,000 Shares into escrow and the Warrants will be issued to Sorbie on each monthly settlement date.
  • Over a 24-month period, the cash and Shares will be released monthly based on the Company’s market price at each release date.
  • The Investor will immediately receive upon closing 1,500,000 Warrants exercisable at CDN$1.18 for three (3) years.
  • The Investor will also receive up to 4,500,000 additional Warrants, issued monthly over 24 months, priced at a 20% premium to the 5-day VWAP at the time of each issuance and exercisable for three (3) years from issuance.
  • The Company will pay the Investor a corporate finance fee of 360,000 Shares and a due-diligence deposit of 100,000 Shares, both subject to the same escrow and release schedule.
  • The Warrants will also include an equity blocker provision that prohibits the Investor from exercising any portion of the Warrants if such exercise would result in the holder owning more than 9.99% of the Company’s outstanding Shares.

The Company intends to rely on the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, for the Offering, and the Shares and Warrants will not be subject to restrictions on resale. There will be an offering document related to the Offering that will be available under the Company’s profile at www.sedarplus.ca and at www.homerunresources.com. Prospective investors should read this offering document before making an investment decision. Closing of the Offering is subject to several conditions, including receipt of all necessary corporate and regulatory approvals, including the TSXV.

The Offering is expected to close on or about November 30, 2025, or such other date as the Company may determine, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the final approval of the TSX Venture Exchange. There are no finder’s fees payable to any parties under the Offering.

About Homerun (www.homerunresources.com)

Homerun is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

  • ⁠Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.
  • Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.
  • Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.
  • Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

On behalf of the Board of Directors of Homerun Resources Inc.:

‘Brian Leeners’

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

Neither the 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275995

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com