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Locksley Resources Ltd. (ASX: LKY,OTC:LKYRF; OTCQX: LKYRF) announced the company has formally commenced the engineering partner selection process for the upcoming engineering scoping pilot plant design, following direct engagement with Tier 1 U.S. service providers. The move is part of the company’s accelerated development program as they advance The Desert Antimony Mine project toward a fully integrated U.S. antimony supply chain. More information is available here: https:cdn-api.markitdigital.comapiman-gatewayASXasx-research1.0file2924-03036124-6A1302842&v=undefined.

‘With the completion of our recent capital raise, we are fast tracking our 2026 initiatives. We have been engaging with leading U.S. engineering firms on an ‘expression of interest’ basis, said Kerrie Matthews, Managing Director and CEO of Locksley. She added that the strong response to this effort highlights confidence in Locksley’s development strategy and confirms that the company expects access to the technical capability and local U.S. experience required to advance the project efficiently.

‘Our ongoing metallurgical optimization work will feed directly into the scoping study, allowing engineering design, economic evaluation and project planning to progress without delay. This integrated execution strategy ensures the Desert Antimony Project advancement at an accelerated speed toward next stages of development,’ she confirmed.

Locksley Resources (https://www.locksleyresources.com.au) is focused on critical minerals in the U.S. The company is actively advancing the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley is executing a mine-to-market strategy for antimony, aimed at reestablishing domestic supply chains for critical materials, underpinned by strategic downstream technology partnerships with leading U.S. research institutions and industry partners. This targeted approach, combined with resource development with innovative processing and separation technologies, positions Locksley to play a key role in advancing U.S. critical materials independence.

Contact: Beverly Jedynak, beverly.jedynak@viriathus.com; 312-943-1123; 773-350-5793 (cell)

Cision View original content:https://www.prnewswire.com/news-releases/locksley-commences-engineering-partner-selection-process-for-its-desert-antimony-mine-302638676.html

SOURCE Locksley Resources

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Rzolv Technologies Inc. (TSXV: RZL) (the ‘Company’ or ‘RZOLV’) is pleased to announce the appointment of Ms. Mary Ellen Thorburn to the Company’s Board of Directors, effective December 15, 2025.

‘On behalf of the Board of Directors, I am pleased to welcome Mary Ellen to the RZOLV team,’ said Duane Nelson, President & CEO. ‘Her wealth of financial, operational, and global mining experience will be a valuable input as we advance toward commercialization and accelerate the Company’s next phase of growth.’

In addition, Mr. Darryl Yea has announced his retirement from the Board effective December 31, 2025. Following his retirement, Mr. Yea will continue to support the Company in an ongoing capacity as a member of RZOLV’s Advisory Committee. As a strategic adviser, he will continue to contribute his insight and leadership to help guide the Company’s global commercialization initiatives.

Ms. Mary Ellen Thorburn, Director

Mary Ellen Thorburn is an accomplished corporate finance executive and board director with more than two decades of leadership experience across the mining sector, capital markets, and international financial operations. She is both a Chartered Professional Accountant (CPA) and a Chartered Financial Analyst (CFA), recognized for her expertise in steering public companies through large-scale transactions, global expansions, financial restructurings, and investor-facing growth strategies.

Mary Ellen spent seven years with Barrick Gold Corporation, one of the world’s largest gold producers, where she held three progressively senior leadership roles. Most notably, she served as Director of Capital Projects, overseeing financial governance, capital allocation frameworks, and strategic evaluation processes across Barrick’s global project pipeline—solidifying her reputation for disciplined financial stewardship in complex mining environments.

Beyond Barrick, she has held several senior executive roles, including Chief Financial Officer, Eco Oro Minerals, Vice President, Finance, Great Panther Silver, Interim Chief Financial Officer, Nexii Building Solutions, where she oversaw finance, tax, FP&A, IT, and cross-border integration initiatives.

Mary Ellen currently serves on multiple boards, including Madoro Metals Corp., where she is Audit Committee Chair, and the Justice Institute of British Columbia, where she serves as Chair of the Finance & Audit Committee.

Ms. Thorburn holds a Bachelor of Business Administration from Wilfrid Laurier University.

About Rzolv Technologies Inc.

Rzolv Technologies Inc. is a clean-tech company developing innovative, non-toxic solutions that aim to transform gold extraction and mine-site remediation. The Company’s flagship product, RZOLV, is a proprietary water-based hydrometallurgical formula that provides a sustainable, safe alternative to sodium cyanide for the dissolution and recovery of gold.

Cyanide has been the industry standard for more than a century, yet its toxicity has resulted in bans or restrictions across multiple jurisdictions, along with significant permitting, handling, and ESG challenges for mining companies. RZOLV delivers comparable performance and cost metrics to cyanide while offering a non-toxic, reusable, and environmentally sustainable profile, enabling gold extraction in regions, ore types, and project settings where cyanide use is impractical, prohibited, or socially unacceptable. For more information: https://www.rzolv.com.

Cautionary Note

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Contact

Duane Nelson
Email: duane@rzolv.com
Phone: (604) 512-8118

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute ‘forward-looking statements.’ Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential’ and similar expressions, or that events or conditions ‘will,’ ‘would,’ ‘may,’ ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, among others, statements relating to the Effective Date that the Common Shares will commence trading under the Company’s new name on the TSXV.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Common Shares will not commence trading under Company’s new name on the TSXV on the Effective Date.

The forward-looking information in this news release is based on management’s reasonable expectations and assumptions as of the date of this news release. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding: the Common Shares will commence trading under the Company’s new name on the TSXV on the Effective Date.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277731

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This article has been disseminated on behalf of LaFleur Minerals and may include paid advertising.

Disclosure: This does not represent material news, partnerships or investment advice.

NEW YORK (December 11, 2025) — via MiningNewsWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by MiningNewsWire (‘MNW’), one of 75+ brands within the Dynamic Brand Portfolio @ IBN ( InvestorBrandNetwork ) , a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.

To view the full publication, ‘Growing Momentum Signals Opportunity as Explorers Shift Toward Production, Reveal Substantial Value,’ please visit: https://ibn.fm/bq1lE

The period when a mining company advances from pure exploration into the early stages of production is often one of the most advantageous entry points for investors. This transition, when a company moves from discovery to the potential for meaningful cash flow, frequently marks a powerful value rerating. Companies that successfully navigate this development stage typically reduce operational risk, demonstrate tangible production capability and lay the groundwork for recurring revenue. For many investors, participating at this inflection point provides exposure before the full upside associated with initial production growth is recognized.

The opportunity has the potential to be even more compelling when a company operates in a world-class jurisdiction, controls its own infrastructure and trades below the estimated replacement value of its assets. This is the case for LaFleur Minerals Inc., which owns a fully permitted and modernized gold mill in Québec’s Abitibi region and is positioned further along the development curve than many peers. With broad land holdings, an advancing flagship deposit and a clear path toward production, LaFleur is well exposed to the explorer-to-producer transition that has historically delivered some of the strongest returns in the mining sector.

About LaFleur Minerals Inc.

LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The Company’s mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km(2)) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ fully permitted and refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.

Qualified Person Statement – All scientific and technical information contained in the LaFleur Minerals Market Awareness Profile (MAP) has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company and considered a Qualified Person for the purposes of NI 43-101 .

NOTE TO INVESTORS: The latest news and updates relating to MAXXF are available in the company’s newsroom at https://ibn.fm/MAXXF

About MiningNewsWire

MiningNewsWire (‘MNW’) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers : (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries ; (2) article and editorial syndication to 5,000+ outlets ; (3) enhanced press release enhancement to ensure maximum impact ; (4) social media distribution via IBN to millions of social media followers ; and (5) a full array of tailored corporate communications solutions . With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.
MNW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from MiningNewsWire, text ‘BigHole’ to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.MiningNewsWire.com

Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or republished: https://www.MiningNewsWire.com/Disclaimer

MiningNewsWire
Los Angeles, CA
www.MiningNewsWire.com
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Editor@MiningNewsWire.com

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KEY HIGHLIGHTS:

  • MIE has successfully completed testing, confirming suitability of Santa Maria Eterna silica sand for high quality, antimony-free glass manufacturing.
  • Initial material quality is extremely high allowing for minimal upgrades to achieve the technical requirements for solar glass manufacturing.

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that the Company has received a Lab Scale Treatment Test Report from Minerali Industriali Engineering Srl (‘MIE’ and MIE Report) (see press release from November 18th, 2025) of the high purity, low iron silica sand from Santa Maria Eterna, Belmonte, Bahia, Brazil, confirming its application for the manufacture of antimony-free solar glass. This work is a key third-party deliverable under the Company’s ongoing Bankable Feasibility Study.

As previously announced, Homerun has completed a 43-101 compliant Technical Report with Mineral Resource Estimate containing a preliminary resource of 25.56 Mt Measured and 38.35Mt Inferred of high-purity silica sand (>99.6% SiO2). This Mineral Resource Estimate is from only one of the three assets controlled by Homerun in the District.

Please view NI 43-101 Technical Report here: https://homerunresources.com/ni-43-101-belmonte/

The MIE Report starts with a characterization of the unwashed raw silica sand, which confirms the inherent low-contaminant nature of this unique material, with purity of 99.7% and only 24ppm of Iron/Fe.

Two sets of tests are conducted: (1) the basic solution, consisting of wet screening; and (2) the complete solution, consisting of attrition washing and grain size classification, gravimetric separation and magnetic separation. XRF analysis was performed on all treatment outputs:

  1. The basic solution showed a reduction of almost all residual contaminants within the desired range (Iron/Fe was reduced to 14 ppm), and only one contaminant was slightly above the desired range (Titanium/Ti).
  2. The complete solution test showed 100% compliance on the first stage (attrition washing and screening), with Iron/Fe reduced to 8ppm and all other contaminants well below acceptable ranges.

These results are encouraging, confirming that very simple silica sand processing techniques meet or exceed the required specifications.

‘These results confirm our initial expectations, that mother nature has performed most of the work needed to make the Santa Maria Eterna silica sand a very unique material, giving Homerun an important competitive edge in the production of antimony-free solar glass,’ stated Armando Farhate, COO of Homerun.

About Minerali Industriali Engineering Srl (https://www.mineraliengineering.it/)

With over 100 years of experience in the mining processing sector, Minerali Industriali Engineering is the ideal partner for the treatment of non-metallic ores, especially for the wet and dry dressing of silica sand. Solution 360: MIE offers a treatment solution for raw materials from the very first step, the geological survey of the deposit and analysis of relevant samples, to the final realization of the turnkey plant, passing from the engineering and design of each single treatment process and machine. MIE can also support its customers during the start-up stage and through personnel training. Cooperating with the leading credit institutions, we are also available to study financial solutions with our customers.

About Homerun (www.homerunresources.com / www.homerunenergy.com)

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.

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One would think that running a profitable legal marijuana industry would be just about the easiest thing in the world, but don’t tell that to the Democrat leadership of Minnesota, which allowed wokeness and apparent corruption to grind their legalization rollout into dust.

Wherever one lands on the benefits or increasingly evident harms of marijuana legalization, once a state decides to do it, it has a responsibility to do it in a way that most benefits all the citizens. Of course, Gov. Tim Walz and the Minnesota Democrats made it all about social equity.

The 2023 legalization legislation mandated that for a year and a half, only Indian reservations could obtain licenses, a form of reparations similar to when New York mind-numbingly mandated that only people with previous marijuana convictions could open stores.

The upshot is that today, several dispensaries in the state have no product and others have a dwindling supply. One dispensary operator told me with a sigh, ‘We might get a new supply next week.’

And that’s not all, because the state has not approved enough licenses for transporting the product, much of it is sitting at farms, unable to get to market.

But the worst part of this, one very much related to the current scandal over fraud committed by Somali groups supposedly feeding kids, is that the legislation provides millions of dollars in grants and loans to start weed shops based on wokeness and DEI.

For example, the CanStartUp program ‘is a loan program available to new cannabis microbusinesses,’ in which a non-profit hands out the taxpayer cash ‘with priority given to social equity applicants.’

‘Social Equity Applicants,’ can be roughly read to mean no White guys.

Dr. Scott Jensen, one of several Republicans seeking to stop Walz from winning a third term next year, said it is part of a pattern with Walz and his cronies.

‘The Walz team has repeatedly been characterized by a willingness to play political hardball by picking winners and losers, focusing on preserving voting blocks, rewarding loyalty over competence, ignoring employee input, and squashing transparency,’ Jensen told me.

John Nagel, a former state trooper running as a Republican against Rep. Ilhan Omar, D-Minn., had a harsher assessment.

‘Minnesota Democrats are recreating the exact conditions that led to the Feeding Our Future scandal, only this time they’re doing it inside the state’s new marijuana industry,’ he said. ‘When you look at the pattern, it’s unmistakable. The same political class that let Feeding Our Future flourish is now designing the cannabis market using the same toolkit—DEI language as political cover, nonprofit intermediaries with insider ties, and almost no accountability.’

He’s got a point. Why does Minnesota need to hand out millions of dollars to nonprofits to teach people how to sell weed? It’s not hard, just hang up a sign and ring up the sales.

This kind of corruption is nothing new. In the 1920s, Democratic Party machines gave out no-show patronage jobs down at the docks. Today, they hand out needless multimillion-dollar DEI contracts. It’s the same game.

The job of the government is to make things run efficiently for all citizens, not to infuse every project or policy with DEI initiatives that are little more than payoffs to loyal voter groups. Nationwide, the amount of money shelled out for this nonsense is in the billions.

In the wake of the Feeding our Future scandal, it is obvious that the nonprofits involved in this DEI weed initiative must be investigated. How can anyone now trust that the money isn’t being abused?

The cherry on top of this abysmal situation is that the inability of legal dispensaries to serve their clientele is driving people back to the black market, which will result in increased marijuana arrests, the very thing this legislation was meant to prevent in the first place.

It’s honestly amazing.

Meanwhile, few people here in the Land of 10,000 Lakes even know any of this is happening, because the local news media, which simply calls this all a ‘logistics problem,’ acts more like accomplices than arbiters of truth.

Walz and the Democrats in Minnesota have no more benefit of the doubt when it comes to shady laws that shower money on DEI-driven nonprofits. It’s time to see where these millions of dollars to train up the next generation of cannabis workers really went.

Perhaps the state can show that spending these millions of dollars had some positive result for Minnesota, but right now, it seems far more likely that the money just went up in smoke.


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Bold Ventures Inc. (TSXV: BOL) (the ‘Company’ or ‘Bold’) is pleased to announce the closing of a non-brokered private placement offering of the Company for 4,200,000 Flow Through Units (the ‘FT Units’) at a price of $0.09 per FT Unit (the ‘FT Offering’). The Offering was fully subscribed for gross proceeds of $378,000.

The Company paid a cash finder’s fee of $30,240 to an eligible finder, and issued 336,000 compensation warrants (the ‘Compensation Warrants‘) to two eligible finders. Each Compensation Warrant entitles the holder to acquire one common share of the Company at $0.09 until December 10, 2027.

The securities issued are subject to a hold period expiring on April 11, 2026.

The Offering

Each FT Unit comprises one common share of the Company priced at $0.09 and one half (1/2) of a common share purchase warrant. One full common share purchase warrant (a ‘Warrant’) and $0.12 will acquire an additional common share until December 10, 2027. The gross proceeds from the FT Offering will be used for Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada) (the ‘Tax Act‘)) which qualify as a ‘flow-through critical mineral mining expenditure’ for purposes of the Tax Act related to the exploration program of the Company to be conducted on the Company’s properties located in Ontario and Quebec, with $270,000 allocated to the Company’s properties in Ontario and $108,000 allocated to the Company’s property in Quebec. The Company will renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2025.

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold Critical and Battery Minerals page.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

‘Bruce A MacLachlan’ 
Bruce MacLachlan 
President and COO 
‘David B Graham’
David Graham 
CEO  
Direct line: (705) 266-0847 

Email: bruce@boldventuresinc.com

 

 

Neither 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 Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES

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Milestone Advances U.S. and Secures Location for Flagship Texas Facility Supporting Domestic Critical-Minerals Supply Chains

VANCOUVER, BC / ACCESS Newswire / December 11, 2025 / CoTec Holdings Corp. (TSXV:CTH,OTC:CTHCF)(OTCQB:CTHCF) (‘CoTec’ or the ‘Company’) is pleased to note today’s press release by HyProMag USA, LLC (‘HyProMag USA’), its U.S.-based joint venture rare earth permanent magnet recycling and manufacturing company.

HyProMag USA announced it has finalized the lease agreement for its proposed rare-earth magnet recycling and manufacturing facility in Dallas-Fort Worth, Texas.

Julian Treger, Chief Executive of CoTec commented: ‘Finalizing the Texas Facility lease represents another major milestone in HyProMag USA’s mission to deliver a secure, sustainable rare-earth magnet supply chain in the United States. With the site secured and local partnerships in place, we’re moving decisively toward completing financing, construction and the first commercial-scale production of recycled magnets in the United States.’

HyProMag USA’s first facility (the ‘Texas Facility’ or the ‘Project’) will be located at Ironhead Commerce Center, Building 1, Dallas-Fort Worth, Denton County, Texas. The Project site is strategically located next to critical infrastructure, the BNSF intermodal rail link and the Alliance airport. The milestone marks the next phase in HyProMag USA’s Project expansion and underscores its commitment to building a fully domestic, circular supply chain for rare-earth magnets critical to revitalizing U.S. industry and to provide a long-term domestic supply of critical minerals.

The Texas Facility will leverage the patented Hydrogen Processing of Magnet Scrap (‘HPMS’) technology – developed by the Magnetic Materials Group at the University of Birmingham with over 25 years of R&D and exclusively licensed to HyProMag Limited, a 50% partner in HyProMag USA, to recover and remanufacture rare earth magnets from end-of-life products. HyProMag USA targets commissioning the Texas Facility by mid-2027, subject to final permitting and financing, and anticipates creating approximately 90 to 100 skilled jobs in magnet manufacturing, engineering and advanced materials processing. HyProMag USA has collaborated closely with the Town of Northlake to advance the Texas Facility. Additionally, HyProMag USA has also established and expanded its feedstock-supply partnership with Intelligent Lifecycle Solutions (ILS), a global electronics recycling company, which has commenced stockpiling magnet-bearing materials to support commissioning of HyProMag’s U.S. operations.

HyProMag USA will occupy 50 percent of Building 1 at Ironhead Commerce Center, approximately 128,000 square feet. The Texas Facility will serve as the central hub of HyProMag USA’s hub-and-spoke short-loop network, which includes planned pre-processing facilities in Nevada and South Carolina. The Project’s modular design allows for faster replication across the U.S., providing a more scalable blueprint for restoring rare-earth magnet production and reducing reliance on overseas sources.

For further information, please refer to HyProMag USA’s press release, available at: www.hypromagusa.com

A fly over of the facility’s location can be found here: https://www.youtube.com/watch?v=J8RHkZSfo0Y

About HyProMag USA

HyProMag USA, LLC is owned 50:50 by CoTec Holdings Corp. (TSXV:CTH,OTC:CTHCF)(OTCQB:CTHCF) and HyProMag Limited. HyProMag Limited is 100% owned by Maginito Limited which is owned on a 79.4%/20.6% basis by Mkango Resources Ltd. (AIM/TSX-V: MKA) and CoTec.

For more information, please visit www.hypromagusa.com

HyProMag USA Feasibility Study

The independent Feasibility Study on the development of a state-of-the-art rare earth magnet recycling and manufacturing operation in the United States includes the Texas Facility, and two pre-processing facilities located in South Carolina and Nevada respectivelyi . In March 2025, HyProMag USA announced the expansion of the detailed engineering phase to include three HPMS vesselsii and that it was initiating concept studies for further expansion and complementary ‘Long Loop’ recyclingiii . The Texas Facility’s annual production is expected to be 750 metric tons per annum of recycled sintered NdFeB magnets and 807 metric tons per annum of associated NdFeB co-products (total payable capacity – 1,557 metric tons NdFeB within five years of commissioning) over a 40-year operating life. It is expected the Texas Facility will provide significant optionality to supply the U.S. market with additional NdFeB alloy powder while assisting in revitalizing the U.S. magnet sector with the creation of 90-100 skilled magnet manufacturing jobs.

In March 2025, HyProMag USA announced the results of an independent ISO-Compliant product carbon footprint study which confirmed an exceptionally low CO2 footprint of 2.35 kg CO2 eq. per kg of NdFeB cut sintered block productiv .

In August 2025, HyProMag USA announced ILS had formally commenced its stockpiling of feedstock initiative pursuant to the recently announced feedstock supply and pre-processing site share agreement between HyProMag USA and ILS.

In September 2025, HyProMag USA announced the commissioning of a concept study to evaluate the expansion of its operations into Nevada and South Carolina in collaboration with ILSv and the commissioning of a concept study to evaluate long-loop recycling with Worley Group Incvi .

About CoTec

CoTec Holdings Corp. (TSXV:CTH,OTC:CTHCF)(OTCQB:CTHCF) is redefining the future of resource extraction and recycling. Focused on rare earth magnets and strategic materials, CoTec integrates breakthrough technologies with strategic assets to unlock secure, sustainable, and low-cost supply chains for the United States and its allies.

CoTec’s mission is clear: accelerate the energy transition while strengthening U.S. economic and national security. By investing in and deploying disruptive technologies, the Company delivers capital-efficient, scalable solutions that transform marginal assets, tailings, waste streams, and recycled products into high-value critical minerals.

From its HyProMag USA magnet recycling joint venture in Texas, to iron tailings reprocessing in Québec, to next-generation copper and iron solutions backed by global majors, CoTec is building a diversified portfolio with long-term growth, rapid cash flow potential, and high barriers to entry. The result is a game-changing platform at the intersection of technology, sustainability, and strategic materials.

For more information, please visit www.cotec.ca

For further information, please contact:

Braam Jonker – (604) 992-5600

Forward-Looking Information Cautionary Statement

Statements in this press release regarding the Company and its investments which are not historical facts are ‘forward-looking statements’ which involve risks and uncertainties, including statements relating to the Texas Facility, Feasibility Study, potential future employment and production, the entering of the lease agreement for the Texas Facility and management’s expectations with respect to its current and potential future investments, including HyProMag USA, and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements, due to known and unknown risks and uncertainties affecting the Company, including but not limited to resource and reserve risks; environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social and transport disruptions. For further details regarding risks and uncertainties facing the Company please refer to ‘Risk Factors’ in the Company’s filing statement dated April 6, 2022, a copy of which may be found under the Company’s SEDAR profile at www.sedar.com. The Company assumes no responsibility to update forward-looking statements in this press release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this news release and are encouraged to read the Company’s continuous disclosure documents which are available on SEDAR at www.sedarplus.ca .

Neither 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 news release.

i https://www.cotec.ca/news/hypromag-usa-feasibility-study-demonstrates-robust-economics-and-the-opportunity-to-develop-a-major-new-domestic-source-of-recycled-rare-earths-magnets-for-the-united-states

ii https://cotec.ca/news/hypromag-usa-expands-detailed-engineering-phase-to-include-three-hpms-vessels-and-initiates-concept-studies-for-further-expansion-and-complementary-long-loop-recycling

iii Conventional leach, extraction purification and precipitation process

iv https://cotec.ca/news/hypromag-usas-iso-compliant-product-carbon-footprint-study-confirms-exceptionally-low-co2-footprint-of-235-kg-co2-eq-per-kg-of-ndfeb-cut-sintered-block

v https://hypromagusa.com/hypromag-usa-to-commission-scoping-study-to-triple-capacity/

vi https://hypromagusa.com/hypromag-usa-project-update-for-its-rare earth-magnet-recycling-and-manufacturing-plants-in-the-united-states/

SOURCE: CoTec Holdings Corp.

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Senate Democrats have tried to tie the looming expiration date for Obamacare subsidies to the affordability issues slamming households, but Senate Republicans argue that their counterparts are manufacturing it to score political points next year.

The phrase ‘sticker shock’ became a common rallying cry from Senate Minority Leader Chuck Schumer, D-N.Y., during and after the government shutdown that he used to illustrate what Americans could experience if the Biden-era credits were to expire.

‘Our bill is the only bill that will prevent this crisis from happening,’ Schumer said. ‘It’s the last train out of this station. We urge our Republican colleagues, for the sake of the American people, to get on that train.’

But Senate Republicans contend that Democrats’ proposal to extend the subsidies for another three years is designed to fail and provide the party with a political weapon entering into the 2026 midterm election cycle.

‘I think the Democrats politically embrace this affordability issue, and then them asking for a three-year extension does nothing but throw gasoline on the fire of affordability of healthcare,’ Sen. Roger Marshall, R-Kan., told Fox News Digital.

Marshall is one of several Senate Republicans who have put together an alternative plan to Schumer’s strategy. His ‘Marshall Plan’ marries Democrats’ desire to extend the subsidies for a year with Republicans’ demands that the credits be done away with in favor of health savings accounts (HSAs).

Republicans are instead running with a plan from Sens. Bill Cassidy, R-La., and Mike Crapo, R-Idaho, the chairs of the Senate health and finance panels, that would abandon the enhanced subsidies in favor of HSAs. That proposal is also expected to fail, leaving the Senate with little time to move ahead with an alternative before the subsidies expire.

Still, there are ongoing talks between both sides of the aisle to find a compromise. Republicans contend that Schumer is acting as a roadblock to those talks, instead sidelining members reaching across the aisle in favor of a workable solution.

Sen. Mike Rounds, R-S.D., told Fox News Digital that Republicans were equally concerned about ‘sticker shock,’ and he argued that Cassidy and Crapo’s plan would go a long way to keeping prices low for Americans.

But he acknowledged the political reality that Democrats wanted to use healthcare as a cudgel in the coming months.

‘I think that’s the concern that a lot of us have on our side of the aisle, is that there’s a group of Democrats that don’t want to fix this problem, and they want to use it as a political product,’ he said. ‘I think there’s a group of us on our side of the aisle that really would like to fix it, along with some Dems. I just don’t know if there’s enough Dems to come along and to take what we think is a reasonable approach on this.’

Other Republicans told Fox News Digital that the subsidies, which were passed and then enhanced during the COVID-19 pandemic under former President Joe Biden, are just another addition to a 15-year-long affordability crunch brought on by the passage of Obamacare.

Senate Majority Whip John Barrasso, R-Wyo., told Fox News Digital that Obamacare has ‘always been pricey,’ and that Democrats were attempting to inject $83 billion in taxpayer money directly to insurance companies with their proposal.

‘Democrats have always tried to hide that fact by sending more and more money to insurance companies during COVID,’ he said. ‘They did it again with these Biden COVID bonus subsidies, and they set an expiration date, which is coming up at the end of this month. That’s what this is all about.’

Sen. Eric Schmitt, R-Mo., told Fox News Digital that healthcare ‘has been an ongoing train wreck since Obamacare,’ and that Democrats jammed the subsidies through Congress without Republican input and set up the fast-approaching cliff.

‘I mean, they’re just doubling down on the stupid,’ Schmitt said.


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Homeland Security Secretary Kristi Noem is facing her first major test before the House of Representatives on Thursday.

Noem is appearing before the House Homeland Security Committee for a hearing on worldwide threats, an event that is meant to be annual but has not happened in multiple recent years.

She’s set to testify alongside National Counterterrorism Center Director Joe Kent and Michael Glasheen, Operations Director of the FBI’s National Security Branch.

‘I’m sure she’ll talk about border, I’m sure she’ll talk about drugs, I’m sure she’ll talk about China, hopefully an update on what’s happening with cybersecurity. I mean it’s a very important hearing. I’m glad she’ll be there,’ House Homeland Security Committee Chairman Andrew Garbarino, R-N.Y., told Fox News Digital.

It’s Noem’s first major national security-focused hearing before the House of Representatives since taking charge of the Department of Homeland Security (DHS) earlier this year.

It comes as lawmakers on Capitol Hill warn about the potential for hostile countries like Venezuela, Iran and China exploiting U.S. vulnerabilities in national security. 

‘I’m always concerned about that. I’ve been concerned about that for years. I mean, thousands of known and suspected terrorists came across the southern border over the last four years. Luckily, it’s been closed up, but they’re still here,’ Garbarino said.

‘I’m gonna look forward to hearing from the FBI, you know, what’s being done, what they’re doing to track down the people that are already here.’

Meanwhile, on the Democratic side, lawmakers will likely grill Noem about the activities of Immigration and Customs Enforcement (ICE) agents carrying out President Donald Trump’s crackdown on illegal immigration.

‘We don’t get much information, in the interim, from the administration. You write letters, and what you get back is an acknowledgment of the letter, but very little facts,’ said Rep. Bennie Thompson, D-Miss., the top Democrat on the committee. ‘Obviously, the administration’s stand on immigration is not one that we agree with, especially how they’re doing it.’

He accused ICE agents of treating people with ‘total disrespect’ because they ‘look Hispanic.’

‘I think that she has to address it,’ Thompson said.

Noem’s appearance comes hours after Axios reported that she and border czar Tom Homan had a falling out behind the scenes, though the outlet also reported that neither are in danger of losing their positions any time soon.


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President Donald Trump pushed back on a rumor that he was looking to replace Homeland Security Secretary Kristi Noem and told reporters that he believes she has been ‘fantastic.’

‘I read a story recently that I’m unhappy with Kristi — I’m so happy with her… We have a border that’s the best border in the history of our country. Why would I be unhappy? She’s fantastic, actually,’ Trump told reporters during a roundtable with business leaders on Wednesday.

The president’s remarks follow a recent report from MS Now stating that a White House official said that Noem was on ‘very thin ice.’ The report claimed that Trump was looking to replace Noem as early as January, and that White House Deputy Chief of Staff for Policy Stephen Miller was leading the push to replace her.

According to the report, Miller and other White House officials were frustrated with Noem because they were displeased with the pace at which she was working to build new detention centers. Additionally, the report claimed that several governors had called Trump to voice complaints about Noem’s handling of FEMA and disaster relief funds.

On Monday, the White House firmly denied the report and accused MS Now of running a false narrative.

‘Everything about this is total Fake News. Secretary Noem is doing a great job implementing the President’s agenda and making America safe again. MS Now continues to beclown themselves by inventing narratives that simply are not true,’ White House spokeswoman Abigail Jackson said in a statement.

DHS Assistant Secretary Tricia McLaughlin also weighed in on the report in an exclusive statement to Fox News Digital, saying, ‘I can’t speak for the president, but I’ve seen more credible reporting on Big Foot.’

During the roundtable on Wednesday, Trump also shut down rumors that he was dissatisfied with War Secretary Pete Hegseth over the controversial U.S. military strikes on alleged drug smuggling boats. Trump said his feelings about Hegseth’s work were ‘very much the opposite’ of what was being reported and he called the war secretary ‘phenomenal.’

Trump joked that he would ‘have to think about’ Secretary of Commerce Howard Lutnick, who was sitting at the table, before going on to praise him. The president similarly praised Treasury Secretary Scott Bessent and Education Secretary Linda McMahon.

Fox News Digital’s Anders Hagstrom, Preston Mizell and Bonny Chu contributed to this report.


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