RemSense Technologies (REM:AU) has announced Chevron Extends Partnership with REM in Major Contract Award
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Apollo Silver Corp. (‘ Apollo Silver ‘ or the ‘ Company ‘) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce the Company has closed the first tranche, representing the majority of its previously announced upsized non-brokered private placement (the ‘Upsized Offering’), raising gross proceeds of $25,134,145 through the issuance of 6,981,707 units (the ‘Units’) of the Company at a price of $3.60 per Unit. The Upsized Offering totals $26,775,648, with the final tranche of 455,973 Units for gross proceeds of $1,641,503 expected to close in the coming days.
Each Unit issued pursuant to the Upsized Offering consists of one common share (a ‘Share’) in the capital of the Company and one common Share purchase warrant (a ‘Warrant’). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $5.50 for 24 months from the closing date of the Offering. The Warrants will be subject to an acceleration provision, such that if at any time after the date that is four months and one day after the closing, the Company’s Shares trade on the TSX Venture Exchange (the ‘TSXV’) at a closing price of $7.50 or greater per Share for a period of ten (10) consecutive trading days, the Company may accelerate the expiry of the Warrants by giving notice to the holders thereof and, in such case, the Warrant will expire on the thirtieth (30th) day after the date of such notice (the ‘Acceleration Provision’)
In connection with subscriptions received in the first tranche of the Upsized Offering, the Company will pay aggregate finder’s fees totaling $826,549, payable in cash and/or Units to BMO Capital Markets, Canaccord Genuity, Red Cloud Securities Inc., Research Capital Corporation and SCP Resource Finance.
The securities issued under the Upsized Offering are subject to a four-month hold period from the date of closing. The Company intends to use the net proceeds from the Upsized Offering to continue advancing the Calico Silver Project in San Bernardino, California; support community relations initiatives at the Cinco de Mayo Silver Project in Chihuahua, Mexico; cover ongoing property maintenance costs at both projects; and for general corporate purposes. The Upsized Offering remains subject to the final approval of the TSXV.
The Offering included participation by certain insiders of the Company for an aggregate of 405,557 units totaling gross proceeds of $1,460,005.20. Such participation constitutes a ‘related party transaction’ under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). The issuance of securities to insiders is exempt from the valuation requirement pursuant to section 5.5(b) of MI 61-101, as the Company’s shares are not listed on a specified market, and from the minority shareholder approval requirement pursuant to section 5.7(a) of MI 61-101, as the fair market value of the securities issued to related parties does not exceed twenty five percent of the Company’s market capitalization.
The Shares 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 U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Apollo Silver Corp.
Apollo 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 US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.
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, without limitation, statements with respect to the expected timing for completion of the remaining balance of the Upsized Offering; and the intended use of proceeds from the Upsized Offering. 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 barite; the demand for silver, gold and barite; 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 .
News Provided by GlobeNewswire via QuoteMedia
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Junior copper stocks are seeing significant support from the copper supply-demand story in 2025 as companies work to make the next big copper discovery.
Copper prices were volatile in the third quarter, driven by concerns over tariffs and a mine closure.
To start the quarter, the price of copper surged to record highs as the Trump administration announced copper tariffs, offering few details beyond a 50 percent tariff on imports. However, copper prices later crashed on news that refined products would be exempt from the levies until 2027 and 2028.
In September, supply concerns gained after a serious incident led to the closure of Freeport-McMoRan’s (NYSE:FCX) Grasberg copper-gold mine in Indonesia. At the Grasberg block cave, 800,000 metric tons of wet material rushed through the mine, leading to the deaths of seven workers.
The block cave is shut down indefinitely and may not return to full operation levels until 2027. The mine is one of the largest in the world, and the loss of production puts significant strains on an already tight copper market.
How has the shifting copper market affected small-cap copper-focused companies on the TSX Venture Exchange? Read on to learn about the five best-performing junior copper stocks since the start of 2025.
Data for this article was gathered on July 17, 2025, using TradingView’s stock screener, and copper companies with market caps of over C$10 million at that time were considered.
1. King Copper Discovery (TSXV:KCP)
Year-to-date gain: 1,580 percent
Market cap: C$186.31 million
Share price: C$0.84
King Copper Discovery, formerly Turmalina Metals, is a copper, silver and gold explorer that is developing a portfolio of projects in South America.
Its primary focus is the Colquemayo project in Moquegua, Peru. In July 2024, King Copper entered into an option agreement with Compania de Minas Buenaventura (NYSE:BVN) to wholly acquire the property.
The company has been relogging the historic drill core from the site. The 6,600 hectare site has seen more than 20,000 meters of historic core drilling and hosts multiple porphyry targets that have been identified but had gone untested. Highlighted drill samples show results of 2.4 percent copper and 10 grams per metric ton (g/t) silver over 237.3 meters, including 14.8 percent copper and 47 g/t silver over 31.3 meters.
In a broad corporate update on February 12, the company said it was intensifying its focus on the project and rebranded from Turmalina to reflect that. Additionally, it hired Insideo, a Lima-based environmental consulting firm, to help advance baseline studies and the drill permit process.
The company closed a C$15 million private placement with a strategic investor on September 15, which it plans to use for a 15,000 meter diamond drilling program at Colquemayo. The investor now holds a 9.99 percent interest in King Copper.
Its most recent update came on October 4, when King released an update on its ongoing work to relog and reinterpret the historic drill core. At that time, the company had completed 61 drill cores across the Amata-Cairani and Coripuquio zones, with work on 16 cores at the Yanarico zone still ongoing.
The company said it had identified multiple new high-priority targets for its fully funded diamond drill program and was sending a field crew to validate the discoveries.
Shares of King Copper reached a year-to-date high of C$0.90 on October 16.
2. Camino Minerals (TSXV:COR)
Year-to-date gain: 700 percent
Market cap: C$12.91 million
Share price: C$0.36
Camino Minerals is a copper explorer and developer with a portfolio of projects in South America.
Among its primary focuses since the start of the year is the construction-ready Puquois copper project in Chile, a 50/50 joint venture with Nittetsu Mining (TSE:1515). The partners jointly acquired Cuprum Resources, the project’s owner, via a definitive agreement that was completed on April 17, and are now focused on project financing.
Prior to the closing of the acquisition, the partners completed a prefeasibility study for the project in Chile on March 17.
The study results demonstrate a post-tax net present value of US$118 million, with an internal rate of return of 23.4 percent and a payback period of 3.1 years at a fixed copper price of US$4.28. It also outlines all-in sustaining costs of US$2 per pound for the 14.2 year mine life.
The included mineral resource estimate shows a measured and indicated resource of 149,000 metric tons of copper from 32.16 million metric tons of ore grading 0.46 percent copper.
Camino also owns the Los Chapitos project, located near the coastal town of Chala, Peru, which covers approximately 22,000 hectares and hosts near-surface mineralization. Nittetsu Mining has an earn-in agreement for the project through which it can earn a 35 percent interest in the project for a total investment of C$10 million over three years.
Camino announced on January 22 that it had initiated a discovery exploration program at Los Chapitos, with work funded by Nittetsu. The company said the program would consist of 11 holes and 1,200 meters of drilling along the La Estancia fault, focusing on newly identified copper breccias and mantos to determine their extension at depth.
Camino released the first results from the program on May 6, reporting continuity of mineralization at depth at the Pampero prospect, with a 0.5 meter interval found 157.6 meters downhole grading an average of 0.5 percent copper and 3.15 g/t silver. Rock chip samples at the prospect graded up to 3.8 percent copper and 4 g/t silver.
The company has continued its exploration efforts at Los Chapitos, with another fully funded exploration campaign running from June 1 to November 30.
As part of this ongoing exploration campaign, the company reported on October 15 that it had mobilized to the site for the drilling portion. The drilling will focus on discovering new deposits within newly identified and undrilled targets, and on extending known mineralization in other zones.
Additionally, Camino stated that the government of Peru chose Los Chapitos as one of 15 priority mineral projects as part of its national exploration initiative. The program aims to promote investment in exploration while building a portfolio of sustainable projects with regional and national impact.
Shares of Camino reached a year-to-date high of C$0.41 on July 21.
3. Finlay Minerals (TSXV:FYL)
Year-to-date gain: 550 percent
Market cap: C$22.17 million
Share price: C$0.13
Finlay Minerals is an exploration company with a portfolio of five projects in BC, Canada. In 2025, it has largely focused on its ATTY and PIL projects, which cover 3,875 hectares and 13,374 hectares respectively in BC’s Toodoggone mining district. The region is known for copper-molybdenum-gold porphyry deposits and gold-silver epithermal deposits.
Finlay’s shares rose sharply early in the year after Amarc Resources (TSXV:AHR,OTCQB:AXREF) announced the AuRORA discovery at its JOY property, located just south of the PIL project in the same porphyry corridor as PIL and ATTY.
On January 20, shortly after the discovery, Finlay announced it would be renewing its focus on its PIL project’s PIL South target, which lies approximately 750 meters from AuRORA. One month later, Finlay outlined numerous copper targets at both the PIL and ATTY properties after reviewing geological data, and was planning its 2025 exploration program at PIL to delineate drill targets.
Shares surged in Q2 after Finlay announced on April 17 it entered into an earn-in agreement with Freeport-McMoRan (NYSE:FCX) for PIL and ATTY. Freeport can earn an 80 percent stake in the properties through a total of C$35 million in exploration expenditures and C$4.1 million in cash payments over the next six years.
On June 18, Finlay began exploration programs at both properties, fully funded by Freeport. At both properties, exploration will include property-wide airborne magnetic surveys, and induced polarization geophysical surveys. It will also include detailed geological and alteration mapping, along with rock and soil sampling, on up to eight targets at PIL and three targets at ATTY.
Then on July 17, Finlay announced it had increased the exploration program budget for PIL to C$2.6 million from C$750,000 and the budget for ATTY to C$1 million from C$500,000. The company stated that the additional funding will be utilized to identify and prioritize as many targets as possible for drilling in 2026.
In parallel with the Freeport-funded work at PIL and ATTY, the company also advanced exploration at its independently held SAY and JJB properties, located in BC’s Stikine Terrane.
On September 22, Finlay announced that it had completed its field work at the properties, including 1,900 kilometers of airborne magnetic surveys between them and follow-up ground work on newly identified targets.
At the SAY project, Finlay identified the IFT target, a 2.5 kilometer by 2.5 kilometer magnetic anomaly with similar geophysical signatures to other copper porphyry deposits, and a kilometer-scale target named Ozzy. The company performed follow-up work at both targets, and is planning further follow-up work.
Fieldwork at JJB conducted during the summer focused on the PAT target and aimed to evaluate similarities between mineralization at JJB and two of SAY’s previously identified targets. The company staked the JJB property, which also hosts the Squingula and Quin targets, in February.
Shares in Finlay reached a year-to-date high of C$0.16 on September 22.
4. Domestic Metals (TSXV:DMCU)
Year-to-date gain: 536.36 percent
Market cap: C$11.72 million
Share price: C$0.35
Domestic Metals, formerly Norden Crown Metals, is a copper exploration company focused on advancing the Smart Creek project in Montana, US.
The company acquired the option to earn a 60 percent share in the project, which is owned by Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO), when it purchased Domestic Copper in August 2024.
The property comprises 570 unpatented mining claims covering an area of 4,072 hectares and 45 patented claims spanning 312 hectares. It hosts the Smart Creek, Radio Tower and Sunrise targets, the latter located at the past-producing Sunrise mine. Drilling at the site carried out by Rio Tinto in 2022 produced a drill hole grading 0.75 percent copper and 18.74 g/t silver over 109.73 meters.
On March 31, the company announced it changed its name from Norden Crown Metals to Domestic Metals to reflect its shift in corporate strategy to focus on its operations in Montana.
In an update on April 17, the company reported results from geological reconnaissance work at Smart Creek, which included the definition of the high-priority Smart Creek, Radio Tower and Sunrise targets, along with new alteration vectors.
As of a September 11 project update, fieldwork, including mapping and geochemical sampling, was being conducted to advance the three targets for diamond drill testing during the fourth quarter of 2025.
The company has also been working on fundraising efforts throughout 2025. On August 22, it closed the final tranche of a non-brokered private placement, generating total aggregate proceeds of C$1.22 million. Then, on October 9, the company closed the first tranche of a LIFE offering for proceeds of C$1.31 million.
Shares in Domestic Metals reached a year-to-date high of C$0.38 on September 26.
5. Amarc Resources (TSXV:AHR)
Year-to-date gain: 485.37 percent
Market cap: C$265.89 million
Share price: C$1.20
Amarc Resources is a copper explorer primarily focused on advancing its JOY district in Northern BC. The 495 square kilometer property lies within the Toodoggone region and hosts the AuRORA prospect.
Exploration at the JOY district is funded as part of a May 2021 earn-in agreement with Freeport-McMoRan (NYSE:FCX), which allows Freeport to earn up to a 70 percent stake in the project.
Additionally, Amarc agreed to acquire the Brenda property, which lies directly to the east of the AuRORA discovery, from Canasil Resources on February 11. Under the terms of the deal, Amarc has the option to acquire a 100 percent interest in Brenda over five years. Canasil will retain a 2 percent net smelter return.
Shares of Amarc surged early in the year after it announced the discovery of AuRORA on January 17. In the release, it outlined the high-grade potential of the deposit, highlighting an assay of 0.63 percent copper over 162 meters, including an 81 meter intersection grading 0.92 percent copper, from near surface depths.
Amarc provided more drill assays from its 2024 program on February 28. One assay graded 0.63 percent copper over 132 meters, including 0.81 percent over a 90 meter segment.
On July 16, Amarc announced it had commenced drilling at targets including the AuRORA and PINE deposits and the Twins and Canyon discoveries. The announcement also reported the expansion of the JOY district through Freeport’s options on Finlay’s PIL property, discussed above.
Then, on September 4, the company reported Freeport is proceeding to Stage 2 of its earn-in for the JOY property after completing Stage 1 in May for a 60 percent interest. Under the terms of the deal, Freeport now has five years to earn an additional 10 percent in the property by spending C$75 million.
The most recent news from the project was released on September 22, when Amarc announced a partial assay from one drill hole southeast of the AuRORA discovery.
The assays that were released indicated a broad interval of 223.1 meters with an average grade of 0.27 percent copper from a depth of 217 meters, including a 65.25 meter interval grading 0.37 percent. Assays are still pending for the upper half of the hole.
The company reported that host rocks, alteration and mineralization in the hole are consistent with those encountered during its 2024 campaign at the property; however, the mineralization found in the hole ‘occurs well outside the strong magnetic high that hosts the high grade AuRORA mineralization.’
The company said it rushed the results due to the location of the drill hole, which is important for revealing large-scale exploration potential across the JOY District.
Shares of Amarc climbed significantly through September, and reached a year-to-date high of C$1.35 on September 26.
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
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There’s a big play happening up in PNG with a potentially huge prize and the $9m ASX listed Augustus Minerals is in the thick of it. After years of dispute, court cases and controversy, the gold-rich Mt Kare project, that sits about 600kms north-west of Port Moresby, is about to be awarded to someone by the Papua New Guinea Government’s Mineral Resources Authority, or “MRA”.
The project has a long and arduous history that reads like a bit of a soap opera.
Originally discovered by CRA, now Rio Tinto, a million ounces of alluvial gold was rumoured to have been pulled out of it just via illegal mining in the late eighties and early nineties.
For the next two decades it was explored with great success by multiple parties, however historic landowner issues forced its owner into administration in 2008 when the project was subsequently awarded to PNG local company Summit.
Fast forward to 2011 and Summit was taken out by ASX listed company Indochine.
By 2015 some $125m had been spent on the ground and at that time, Indochine set tongues wagging at the Diggers and Dealers conference in Kalgoorlie when it revealed the stellar resource at the project. That resource was 42.5m tonnes going 1.54 g/t gold and 13.5 g/t silver for a whopping 2.11m ounces of gold and a further 18.4m ounces of silver. Put a little differently, Indochine said at the time it was sitting on 2.45m gold equivalent ounces at Mt Kare and there is no evidence that any of that has been mined to this day.
By early 2015, Indochine was in some financial troubles that were exacerbated when the PNG Government refused to renew its leases for Mt Kare towards the end of that year. Indochine sought a court ruling to overturn that decision in 2018, lost that battle and saddled up again for an appeal which was thrown out again in 2021.
That final court resolution attracted applications from a flood of hopefuls, all seeking to land the grand prize of the Mt Kare leases. Since then, the PNG MRA has been working its way through them, looking for a party with both money and mining expertise to hand it to.
It is dealing with each application in the order in which it was lodged and has already summarily dismissed the first in line. It is now onto hopeful No 2, a private company by the name of Tribune Mt Kare Gold Ltd.
‘If we’re successful in securing this ground, it would position Augustus at the doorstep of world-class geology…’
Augustus Minerals CEO James Warren
If Tribune can’t meet the high money and expertise bar being set by the MRA, ASX listed Augustus Minerals, run by Perth mining man Brian Rodan and James Warren – who has a PHD in Geology no less – is next in line for the 2.45m ounce gold equivalent prize – and that’s where things start to get interesting.
Rodan might as well have a mining tattoo stamped on his forehead. He was one of a handful of people who originally set up massive mining contractor Eltin Mining many years ago. Eltin, which was domiciled in Kalgoorlie, ruled the Australian mining scene for decades around the late 1990’s early 2000’s. Rodan then went on to build large mining contractor ACM which he subsequently sold for tens of millions of dollars.
Since that time he has founded, invested in and still continues to control multiple ASX-listed exploration companies. He has been the driving force behind capital raises for all of them totalling in the many millions of dollars over time.
Curiously, Rodan – who has been in the mining game for half a century – has some form at Mt Kare. He was the managing director of mining contractor ACM PNG when it was awarded a contract back in 2012 to do the stage 1 underground drilling and mine development at the project. For various reasons that contract never went ahead and to this day the project remains unmined, however at the time Rodan provided his expertise to create the mine design and he worked out what equipment was necessary to mine it and even mobilised that equipment to site. So unlike some of the other hopefuls shaking their tail feathers at PNG’s MRA, Rodan has been down and dirty with this project before.
By any measure Mt Kare sits in the land of the giants. It is about 15 kilometres southwest of Barrick’s world-class Porgera mine, which boasts a massive endowment of over 32 million ounces of gold. Further north again is the revered Ok Tedi with its 16m ounces of gold and 11 billion pounds of copper. To the south-east of Mt Kare is Newmont/Harmony’s crazy Wafi Golpu site, host to 22 billion pounds of copper and 23m ounces of gold.
Geologically Mt Kare is an Alkalic Epithermal deposit. Alkalic type deposits are a subset of low-sulphidation epithermal deposits and form some of the mega mineral deposits around the world. Their drill results are like eye-candy to a geologist and Mt Kare is no exception. In the past, Mt Kare has thrown up coffee-spitting drill hits like 111m at 9.8 grams per tonne gold from just 4m and 17.7m at 100 g/t gold from 59m – or maybe try 20m at 443 grams per tonne gold for size! Those sort of numbers would have the West Perth mining glitterati leaping out of bed every day.
Augustus Minerals CEO James Warren said recently; “If we’re successful in securing this ground, it would position Augustus at the doorstep of world-class geology and give shareholders exposure to a project with genuine scale potential.”
For now however, Augustus’ official language on Mt Kare remains measured, as it should. “Quietly confident” is about as strong as it gets.
And while the PNG story provides the blue-sky narrative, Augustus is far from idle on home soil. The company is already advancing on multiple fronts across its West Australian portfolio, most notably the Music Well gold project which sits about 35 kilometres north of Leonora where early fieldwork has delivered results strong enough to lift eyebrows across the gold belt.
The company has completed more than a thousand surface-geochemistry samples and unearthed visible gold in quartz veins grading as high as two ounces to the tonne from the St Patricks prospect.
The maiden drill program will test undercover extensions at the Clifton East, Dodd’s, St Patricks and Black Cat prospects, all of which Augustus has ranked as high-priority greenfield targets.
Providing another string to the bow, the company also retains the Ti-Tree Project in the Gascoyne region of WA – a 1,700-square-kilometre package prospective for copper, gold, lithium, uranium and rare earths. While not the current focus, the Gascoyne ground adds a critical-minerals dimension that could gain traction as the company’s gold projects mature.
For now though, the big blue sky for Augustus comes in the form of Mt Kare. The PNG Government is looking for someone that has mining expertise and the ability to raise money to run it and whilst the credentials of the first hopeful in line, little known private company Tribune, are uncertain, Augustus has plenty of both.
And who knows, maybe no 1 and no 2 will join forces. Augustus could bring its public listing, money raising ability and mining expertise to the table and Tribune could bring its No 1 ticket holder status. And with 2.45m ounces of gold equivalent already discovered, it looks like there’s going to be plenty to go around.
Click here for the full Press Release
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International Graphite (IG6:AU) has announced Collie land acquisition & approvals move ahead
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Investor Insight
West High Yield’s advanced-stage Record Ridge magnesium-silica project is now fully permitted and moving toward production. Backed by a positive pre-feasibility study and strong support from the Osoyoos Indian Band, the project is well-positioned to transition into development.
Overview
West High Yield (TSXV:WHY,FSE:W0H) is an exploration and development mining company focusing on strategic critical minerals with a high-grade magnesium/silica/nickel/iron project nearing production. The company’s Record Ridge property project leverages the opportunity to create a new supply of magnesium outside of China and Russia. West High Yield has an experienced management team ready to bring its project to production.
West High Yield’s advanced 100-percent-owned Record Ridge magnesium project in British Columbia, Canada is poised to create a secure, strategic domestic supply chain to cater to North America’s magnesium and silica demand. The company has received a draft permit from the British Columbia Ministry of Mining and Critical Minerals outlining the proposed conditions for proceeding with planned extraction activities. WHY has undertaken a thorough review of the permit, working with internal and external subject matter experts to evaluate the requirements and ensure all technical, environmental, and operational considerations are fully addressed.
Once production commences, West High Yield will start generating cash flow through the sale of ore and will seek additional offtake agreements.
The Record Ridge asset has one of the largest and highest-grade magnesium/silica deposits in North America, and globally. The company’s resource estimate shows 43 million tonnes (Mt) of ore at 24.6 percent magnesium, which implies a world-class asset containing 10.6 Mt of magnesium. The resource further contains 18.9 Mt of silica (Si02), 3.8 Mt of iron (Fe203) and 103,200 tonnes of Nickel (NiO). In addition, West High Yield’s pre-feasibility study indicates strong economics with an after-tax NPV of 5 percent of $872 million, an internal rate of return (IRR) of 72 percent over a 172-year mine life, and payback in 1.5 years.
Additionally, the company has developed a green mining and refinement process to minimize carbon emissions during production. This green process utilizes over 94 percent of the ore extraction, not only of magnesium but substantial saleable quantities of silica, nickel and iron. Magnesium is widely used in renewable energy technologies, so maintaining a strong ESG rating is essential for downstream manufacturing.
Record Ridge magnesium mine project general plan
WHY continues to engage with the local community and government on the Record Ridge permitting process and with the plans to begin construction and mining. In 2023, WHY Resources signed a cooperation agreement with the Osoyoos Indian Band (OIB). The agreement ensures OIB oversight to protect environmental and economic interests, with OIB’s Skemxist Solutions providing services for construction and mining operations.
An experienced management team with expertise throughout the mining industry leads the company towards fully leveraging its promising asset. Experts in geology, corporate administration and engineering create confidence in the team’s ability to reach its goals.
Company Highlights
- Flagship Asset for North America: West High Yield’s Record Ridge project has the potential to strengthen and secure North America’s onshore strategic critical mineral supply chain, reducing reliance on China and Russia for magnesium, silica, and nickel.
- Mines Act Permit Granted: The British Columbia Ministry of Mines and Critical Minerals (MCM) has officially issued the Mines Act Permit authorizing the development and operation of the Record Ridge Industrial Mineral Mine (RRIMM) near Rossland, British Columbia.
- Strong Economic Viability: A completed pre-feasibility study confirms robust project economics, supporting WHY’s commitment to moving forward with development.
- Sustainable, Low-Emission Operations: WHY prioritizes clean energy solutions, aiming to minimize emissions and maintain a strong ESG rating. The company’s low-cost, high-quality magnesium, silica, nickel, and iron products are produced with virtually zero CO₂ emissions.
- Experienced Leadership: A seasoned management team is steering WHY toward fully unlocking the potential of its assets, driving the company’s vision for a sustainable and strategically valuable critical minerals operation.
Key Project
Record Ridge Magnesium Mine
Record Ridge commercial proprietary hydrometallurgical process
The 100-percent-owned Record Ridge project spans 8,972 hectares, approximately 7.5 kilometers southwest of Rossland, BC. The project is only 5 kilometers away from the US-Canadian border and has excellent regional infrastructure, including power, water, roads, a proximate labor force and transportation. Permit application process is in its final stage with a draft permit under review and a final permit expected in the near term. .
Project Highlights:
- Nearing Production: The advanced-stage project is in the final technical review for its mining permit to initiate production. Once in production, the company expects to generate cash flow from ore sales, pursue additional offtake agreements, and leverage positive cash flow to advance development of the property’s gold deposits.
- Sustainable Production with Minimal Carbon Emissions: The HCI leaching process the company will be using produces minimal CO2 emissions. The company’s specific process was developed to recycle the HCI and produce virtually no waste and low environmental impact. These efforts result in a top-tier ESG rating that will reflect on downstream manufacturers.
High Purity MgO Plant
WHY is developing an advanced-stage Magnesium Oxide (MgO) Plant focused on producing multiple critical and strategic mineral products. The project is on track for a feasibility study in 2025 and aims to deliver high-purity MgO (>99 percent) and Mg(OH)₂, with valuable byproducts including nickel (Ni), iron (Fe), and silica (SiO₂).
A 2022 Pre-Feasibility Study (PFS) highlighted the project’s strong economics, demonstrating a rapid 1.5-year payback period. Additionally, a market study supports a premium pricing outlook, with baseline prices of US$1,500/Mt for >98 percent MgO and US$2,200/Mt for >99 percent MgO.
The company will commence pilot plant testing, followed by a feasibility study for the commercial-scale plant, scheduled for 2025.
The British Columbia Ministry of Mines and Critical Minerals (MCM) has issued the Mines Act Permit authorizing the development and operation of the Record Ridge Industrial Mineral Mine (RRIMM). West High Yield and its technical consultants will now complete post-permit environmental, safety, and engineering compliance activities. Once finalized, the company and Skemxist Solutions will begin site preparation and construct access roads and mine infrastructure to advance the Project toward production.
Management Team
Frank Marasco Jr. – Founder, President, CEO and Director
Frank Marasco is the founder of West High Yield Resources. Marasco is also president and director of Big Mountain Development Corp. Over the course of 45 years, Marasco has built and sold 47 successful businesses, including hotels, motels, rental units, RV and mobile home parks, apartments, retail liquor stores, pubs, nightclubs and a retail mall. At the age of 47, he retired and later entered the business sector, focusing on oil and mining. He had purchased 81 oil and gas development sections in S.E. Saskatchewan in the Bakken, as well as gold mines in Rossland, BC. After briefly exploring for and finding gold on the project, Marasco and his team then discovered what is now a world-class, 2,000-acre, high-grade, low-cost, critical mineral magnesium deposit known as Record Ridge.
Barry Baim – Director and Corporate Secretary
Barry Baim brings over 35 years of activating and inspiring teams to achieve profitable revenue growth. His senior leadership experience is diverse having held executive positions with both private and public companies including Tier one CPG and in the natural resource sector mining site development projects in oil sands, 3d seismic, logistics, remote lodging, and other service-related entities in energy, oil, and gas. Baim is currently a director for KMKR Holdings and a past board member with SGV Canada, Millennium Seismic, Paradigm Chemical Technologies, Camelot Exploration and Siksika Resource Developments Ltd.
Patricia L. Nelson – Director
Patricia Nelson was controller for Sabre Petroleum’s, Petroterra Natural Resources and manager of Financial Control for Suncor. She is the vice-chair and director of the In Situ Oil Sands Alliance, director of Altalink, and director of Optiom. Nelson served 15 years as an elected member of the Legislature of Alberta. She was appointed and served as minister of energy, minister of economic development and tourism, minister of government services, and finally, was appointed minister of finance. She served 12 years as a member of the treasury board and the agenda and priorities committee of the government. An active member of the community, she supports charitable organizations such as the kidney foundation, the cancer foundation, heart and stroke and juvenile diabetes.
Maria Marasco – Director
Maria Marasco is an independent businesswoman who has provided services in corporate restructuring finance, acquisitions, and strategic planning. She is also responsible for overseeing management information systems, human resource strategies, and property management systems.
Shelina Hirji – Chief Financial Officer
Shelina Hirji is a designated accountant with over 38 years of experience in infrastructure construction, oil and gas exploration, and mining. Hirji has been engaged in the oil and gas industry since early 1990, starting with various senior accounting and management roles in both public and private companies with extensive participation in growth opportunities. She has been a key member of the executive management team, assuming a strategic role in the overall management of the company. Hirji’s experience in financial management includes financial reporting, corporate accounting, budgeting and forecasting, as well as stewardship of internal controls. Hirji is a member of the Chartered Professional Accountants of Alberta and the advisory committee for the TSX Venture Exchange.
Fouad Kamaleddine – Advisor
Dr. Fouad Kamaleddine is the founder/principal of AIS Inc., an integrated mining consulting partnership that provides technical services to mining companies including processing and metallurgy, project development and engineering studies. He has been an officer and director of many public and private mining companies. Kamaleddine has over 20 years of academic and industry experience with demonstrated success in conducting challenging industrial research leading to several inventions and multiple achievement awards.
Rick Walker – P. Geologist and P. Engineer
Rick Walker has over 25 years of geological and structural mapping experience in the mineral exploration industry. Walker has a strong background, ranging from structurally complex areas to advanced exploration property definition. In addition, he has worked on a wide variety of deposit types, including porphyries, sedimentary exhalative, volcanogenic massive sulphides, low tonnage vein-type, industrial minerals; gold, silver, base metals, rare to strategic metals and diamonds. Walker has delivered significant geological value throughout his career for companies, ranging from junior to major resource companies, both nationally and internationally.
He has also served as a volunteer for industry-related organizations, serving for 12 years as president of the East Kootenay Chamber of Mines, five years as a director of the BC and Yukon Chamber of Mines (now the Association of Mineral Exploration for BC), on the committee that developed the initial Mineral Exploration Code for BC and as an industry representative in the Commission on Resources and Environment (CORE) process resulting in the East Kootenay Land Use Plan.
Corey Peck – Junior Geologist
Corey Peck is a junior geologist who came to West High Yield Resources in the spring of 2007. He studied at the University of Calgary, where he received a B.Sc. in geology, with a minor in earth science. He has extensive training in both the field and lab settings. His skill set encompasses all aspects of geology, geophysics and geography, with particular emphasis on geotechnical logging, mineralogy and mapping. He currently resides full-time in Rossland, BC.
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Investor Insight
Rua Gold offers a compelling investment opportunity driven by its highly promising gold assets in New Zealand’s historic gold-producing regions, and supported by the government’s renewed focus on fast tracking economic growth.
Overview
Rua Gold (TSXV:RUA,OTC:NZAUF,WKN:A4010V,OTCQB:NZAUF) is a gold exploration company focused on two prolific, historic gold-producing regions in New Zealand: Hauraki Goldfield and Reefton Goldfield. Both these regions boast of previous high-grade gold production, with more than 15 million ounces (Moz) produced in the Hauraki district and over 2 Moz in the Reefton Goldfield. New Zealand is a tier 1 mining jurisdiction with highly prospective geology, and a skilled workforce. The new government of New Zealand has committed to promoting economic growth through mining- and business-friendly policies, such as the Fast Track Approval Bill, which proposes quicker approval timelines for a range of projects, including mining.
Rua Gold solidified its position as the dominant Reefton Goldfield explorer with the acquisition of Reefton Resources, a 100 percent owned subsidiary of Siren Gold (ASX:SNG). The completion of the transaction expands Rua Gold’s tenement package to cover over 95 percent of the Reefton Goldfield.
New Zealand’s critical minerals list includes both gold and antimony, enhancing the significance of Rua Gold’s ongoing exploration campaign which revealed promising antimony potential. Rua Gold sits on the majority of New Zealand’s known antimony inventory, a strategic advantage that positions the Reefton Project to contribute substantial economic value while strengthening New Zealand’s critical mineral supply.
Rua Gold benefits from a team of professionals boasting extensive expertise in geology and mining. The company’s board of directors is led by Oliver Lennox-King (Fronteer, Roxgold), who has a successful track record developing projects and companies.
Company Highlights
- Rua Gold is a gold exploration company advancing two highly prospective land packages in New Zealand’s historic gold districts – the Hauraki Goldfield and the Reefton Goldfield.
- Premiere Mining Jurisdiction: New Zealand is recognized as a tier 1 mining jurisdiction, underpinned by proven high grade geology and a long history of gold production. The country hosts orogenic deposits (+9 Moz), epithermal sources (+15 Moz), and alluvial deposits (+22 Moz).
- Key Assets: The company’s portfolio includes the Reefton Goldfield on New Zealand’s South Island and the Glamorgan property on the North Island.
- Supportive Government Policy: The new government has prioritized economic growth, highlighted by the Fast Track Approval Bill, which enables mining permits to be granted in less than 6 months, the fastest permitting timeline in the world.
- High-Quality Prospects: Rua Gold’s projects feature both orogenic and epithermal gold systems with historical production grades ranging from 16 to 50 g/t gold.
- Exploration Programs: The company is fully permitted and financed, with multiple near-term catalysts. Active exploration is underway, including drilling programs at the Reefton district properties.
- Leadership Team: Rua Gold is led by a seasoned board and management team with deep regional knowledge and a strong track record of discovery success. With financing and permits secured, the company is well-positioned to unlock value and drive growth.
Key Projects
Reefton Goldfield
Rua Gold holds six project areas at the Reefton Goldfield: Northern, Capleston, Murray Creek, Ajax, Crushington, and Southern. The Reefton district has a rich history of gold production with over 2 Moz of gold recovered at 24.5 g/t. Among the noteworthy findings from recent years of exploration is the greenfield discovery of the Pactolus quartz vein. Assays have unveiled significant high-grade gold concentrations in this vein.
Rua Gold’s systematic exploration has highlighted the potential for the rejuvenation of this district in renewed opportunities around the historic high-grade gold deposits. Rua Gold completed an extensive assessment of the historical mines situated within the company’s tenements in the Reefton Goldfield, yielding five targets in the Murray Creek area.
Rua Gold has expanded its Reefton exploration program with a third drill rig and a planned 4,000 m of diamond drilling at Auld Creek in the coming months. The company is targeting a resource of >300,000 oz AuEq by the end of 2025 and positioning to enter New Zealand’s proposed fast-track permitting process. At Glamorgan, access agreements are underway, with surface work scheduled for Q3 2025 and drilling expected to begin in Q4 2025. Rua Gold is fully funded to execute this growth strategy, with a cash balance of US$14 million as of June 30, 2025.
Drilling at Auld Creek has returned high-grade intercepts, including 17 m @ 9.8 g/t AuEq (with 10 m @ 15.3 g/t AuEq) and 8 m @ 8.9 g/t AuEq (with 5 m @ 11.1 g/t AuEq). These results extend the vertical extent of the Fraternal shoot from 160 m to 300 m and strike length from 350 m to 620 m, with mineralization remaining open in all directions. Surface geochemistry suggests the system may continue for more than 2.5 km, underscoring significant potential for resource growth.
Glamorgan Project
The Glamorgan project comprises over 4,600 hectares in the Hauraki district on New Zealand’s North Island. Hauraki boasts of a substantial presence of high-grade gold and silver mining, with approximately 50 epithermal deposits mined since the 1860s. These deposits have yielded over 15 Moz of gold and 60 Moz of silver. Glamorgan has a 3.8 km zone displaying indications of gold mineralization, backed by soil and rock samples, suggesting the presence of an epithermal gold mineralized system at the property.
Glamorgan is located 2.8 kms north of Oceana Gold’s recent significant discovery at Wharekirauponga. The company has applied for a minimum impact access agreement with the New Zealand Department of Conservation. Once granted, the company will commence an exploration program that includes soil sampling, magnetic and resistivity geophysical surveys, and geological mapping.
Rua Gold completed the first phase of surface exploration on its Glamorgan epithermal gold prospect which identified two significant soil anomalies over 4 kms in length. Rua Gold also completed the second phase of surface exploration at its Glamorgan Project, an epithermal gold system located in the Hauraki Goldfield on New Zealand’s North Island.
The Hauraki Goldfield is a prolific epithermal gold province that has produced more than 15 million ounces of gold from over 50 historic mines. The Glamorgan Project sits adjacent to OceanaGold’s Wharekirauponga deposit, which hosts Indicated Mineral Resources of 1.4 Moz at 17.9 g/t Au and is expected to commence construction in the second half of 2025.
Management Team
Oliver Lennox-King – Non-executive Chairman
Oliver Lennox-King boasts a distinguished and extensive career within the mineral resource sector, encompassing a broad experience in financing, research, and marketing. Since 1992, he has occupied senior executive and board roles in various junior exploration and mining enterprises. Most recently, Lennox-King was the chairman of Roxgold from 2012 until July 2021, when it was sold for $1.2 billion to Fortuna. In addition to Roxgold, he also served as chairman of other notable firms, including Pangea Goldfields, Aurora Uranium, and Fronteer Gold.
Robert Eckford – CEO and Director
Robert Eckford is a certified professional accountant with significant expertise in mergers and acquisitions, accounting, finance, and commercial management within the mining sector. Most recently, he was co-founder and head of finance for Aris Mining, and prior to that, he had worked with international mining companies, including Barrick Gold, Yamana Gold, and Leagold Mining.
Simon Henderson – COO and Director
Simon Henderson is an exploration specialist and has over 40 years of experience, most of which is in New Zealand. He was part of the discovery team for several significant gold finds in New Zealand, such as Wharekirauponga. He maintains robust connections with key local stakeholders and the country’s permitting authorities.
Zeenat Lokhandwala – CFO and Corporate Secretary
Zeenat Lokhandwala brings over a decade of expertise in mergers and acquisitions, finance, accounting and taxation. She is the former CFO of Great Bear Royalties and director of finance at Great Bear Resources.
Brian Rodan – Director
Brian Rodan has more than 43 years of experience who is currently serving as Fellow of the Australian Institute of Mining and Metallurgy. Rodan is the founding director of Dacian Gold (ASX:DCN)
Mario Vetro – Director
Mario Vetro has extensive experience structuring and providing guidance to resource companies. He is the co-founder of K92 Mining and the proprietor of Commodity Partners.
Paul Criddle – Director
Paul Criddle has extensive experience constructing and overseeing gold mines in Australia and West Africa. He was formerly a chief operating officer for West Africa at Fortuna and also served as the COO for Azimuth and Perseus. He was previously the managing director at Matador Mining.
Tyron Breytenbach – Director
Tyron Breytenbach is a geologist with operational and capital markets experience. He is currently the CEO of Lithium Africa Resources. Previously, he was senior vice-president of Capital Markets at Aris Mining and served as managing director at Cormark Securities. Before transitioning to capital markets, Breytenbach spent a decade in the mining sector as a geologist, focusing on orogenic and epithermal gold deposits and specializing in resource estimation. He earned his BSc (Honours) degree from Rand Afrikaans University in South Africa and is a designated professional geologist in Ontario.
Simon Delander – Vice President, Risk, Stakeholder & Regulatory Affairs
Simon Delander brings over 25 years of experience in regulatory affairs, stakeholder engagement, and risk governance within the resource sector. Before joining Rua Gold, Delander served as vice-president at Endura Mining (formerly Federation Mining), where he successfully guided the company through the consenting process and built strong stakeholder relationships. He has also held senior positions with Evolution Mining and MMG, overseeing ESG frameworks and regulatory initiatives. Delander serves on the boards of the New Zealand Minerals Council, the New Zealand Mine Rescue Trust, and Terra Firma Mining Limited.
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Astral Resources (AAR:AU) has announced Theia In-fill Drilling Continues to Deliver Broad Gold Zones
Download the PDF here.
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Westport Fuel Systems Inc. (TSX: WPRT Nasdaq: WPRT) (‘Westport’ or ‘The Company’) announces that the Company will release Q3 2025 financial results on Monday, November 10, 2025, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Tuesday, November 11, 2025.
Time: 9:00 a.m. ET (6:00 a.m. PT)
Call Link: https://register-conf.media-server.com/register/BI44c6d66e9dc84dd387df0e1ce164a19a
Webcast: https://investors.westport.com
Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form. Upon registration, the user will receive dial-in info and a unique PIN, along with an email confirming the details.
The webcast will be archived on Westport’s website and a replay will be available at https://investors.westport.com .
About Westport Fuel Systems
Westport is a technology and innovation company connecting synergistic technologies to power a cleaner tomorrow. As a leading supplier of affordable, alternative fuel, low-emissions transportation technologies, we design, manufacture, and supply advanced components and systems that enable the transition from traditional fuels to cleaner energy solutions.
Our proven technologies support a wide range of clean fuels – including natural gas, renewable natural gas, and hydrogen – empowering OEMs and commercial transportation industries to meet performance demands, regulatory requirements, and climate targets in a cost-effective way. With decades of expertise and a commitment to engineering excellence, Westport is helping our partners achieve sustainability goals—without compromising performance or cost-efficiency – making clean, scalable transport solutions a reality.
Westport Fuel Systems is headquartered in Vancouver, Canada. For more information, visit www.westport.com .
Investor Inquiries:
Investor Relations
T: +1 604-718-2046
E: invest@Westport.com
News Provided by GlobeNewswire via QuoteMedia
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Over a decade ago, Sen. Ted Cruz, R-Texas, predicted that healthcare premiums would skyrocket, even in the face of subsidies put into effect under Obamacare that were meant to bring them down.
Today, the ballooning of those premiums and their accompanying subsidies are at the center of the 22-day shutdown that looks poised to get longer still.
‘Despite Obamacare subsidies, many Americans will still be paying higher premiums in 2014 as a result of Obamacare,’ Cruz said in 2013, referring to the Affordable Care Act (ACA).
In his 2013 floor speech, Cruz pointed to research from Avik Roy, a healthcare researcher who, at the time, was a senior fellow at the Manhattan Institute. Roy’s research made the case that subsidies passed by the Obama administration would do little to stop government-backed healthcare plans from growing more expensive over time or competing effectively with non-government-backed plans.
But even those forecasts have paled in comparison to the costs of the government’s emergency response to the COVID-19 pandemic.
The subsidies under Obamacare have vastly expanded in recent years. An emergency provision included in President Joe Biden’s 2021 American Rescue Plan widened the range of eligible applicants as a response to the global pandemic.
Now that those COVID-era provisions are set to sunset at the end of 2025, an expiration date set by Democrats themselves, Democrats are voicing alarm that Obamacare policyholders will have to shoulder the costs of health insurance without the enhanced supplemental aid.
According to the Committee for a Responsible Federal Budget, a nonpartisan think tank that focuses on fiscal policy, continuing the expanded credits could cost upwards of $30 billion annually. Findings by KFF, a healthcare policy group, say that over 90% of the 24 million Obamacare enrollees make use of the enhanced credits.
KFF analysis indicates that the enhanced premium tax credits saved subsidized enrollees an average of $705 last year.
Democrats in Congress, led by House Minority Leader Hakeem Jeffries, D-N.Y., and Senate Minority Leader Chuck Schumer, D-N.Y., have demanded some sort of extension to the already expanded COVID-era subsidies as a condition for passing spending legislation to end the current government shutdown, which is now the longest full shutdown in history.
Republicans, who maintain that the subsidies are completely unrelated to government funding considerations, have said lawmakers will address the subsidies when the government is open again.
The most conservative members in Congress have said cutting back on the subsidies is key to returning the government to pre-COVID levels of funding.
Lawmakers in the Senate have voted 11 times on a short-term spending extension meant to keep the government open through Nov. 21 but have so far failed to move past the gridlock over the enhanced premium tax credits.
Cruz did not immediately respond to Fox News Digital’s request for comment.
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