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ASX Listing and CEO Designate

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CleanTech Lithium PLC (AIM: CTL), an exploration and development company advancing sustainable lithium projects in Chile, announces that it now expects the Australian Securities Exchange (‘ASX’) listing to launch in April and complete in May. While the ASX listing process is taking longer than initially expected, the Board and our advisers believe that waiting for a positive decision by the end of March on entering the streamlined direct negotiation process for the Special Lithium Operating Contract (‘CEOL’) for Laguna Verde and completing the Pre-Feasibility Study (‘PFS’) will significantly strengthen our investment case in the Australian market.

The Company also recognises that, under ASX listing rules, it will now have to include 2024 year-end audited financials (‘2024 Financials’) in the ASX-listing Prospectus before the Prospectus can be published. The 2024 Financials are well-advanced and expected to be released by the Company before the end of March 2025, some three months earlier than normally planned so that the Prospectus can be finalised shortly thereafter. The Prospectus will also include results of the PFS, which is progressing well and is anticipated to be finalised and published in April.

The Company has been informed by Tony Esplin, nominated as CEO designate in November 2024, that he has reconsidered his position and, for personal reasons, will not be taking up his intended appointment as CEO. Mr Esplin’s appointment was conditional on the successful listing of the Company on the ASX which is now expected to complete in May. The Company´s Executive Chairman, Steve Kesler, will continue as interim CEO whilst the Board re-engages with alternative candidates as the CEO to lead CleanTech Lithium into its next phase of growth.

Steve Kesler, Executive Chairman, CleanTech Lithium PLC commented:

‘We believe that pushing out the ASX listing to include the resolution allowing the Company to enter direct negotiation with Government on the CEOL and results from the PFS will be taken positively by Australian investors. We regret that Tony has decided to withdraw from the proposed appointment as CEO, and we will start to re-engage with other high calibre candidates immediately.’

The Board believes the ASX listing will enhance shareholder value and will provide further updates on the ASX listing and CEO search in due course.

Investor Webinar

CleanTech Lithium will be hosting a live webinar via the London Stock Exchange platform Spark Live on Wednesday 26th February. This webinar will begin at 13:00 GMT and investors can register for free via this link: https://shorturl.at/5020m

For further information contact:

CleanTech Lithium PLC

Steve Kesler/Gordon Stein/Nick Baxter

Jersey office: +44 (0) 1534 668 321

Chile office: +56 9 312 00081

Or via Celicourt

Celicourt Communications

Felicity Winkles/Philip Dennis/Ali AlQahtani

+44 (0) 20 7770 6424

cleantech@celicourt.uk

Beaumont Cornish Limited (Nominated Adviser)

Roland Cornish/Asia Szusciak

+44 (0) 20 7628 3396

Fox-Davies Capital Limited (Joint Broker)

Daniel Fox-Davies

+44 (0) 20 3884 8450

daniel@fox-davies.com

Canaccord Genuity (Joint Broker)

James Asensio

+44 (0) 20 7523 4680

Beaumont Cornish Limited (‘Beaumont Cornish’) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

Notes

CleanTech Lithium (AIM:CTL) is an exploration and development company advancing lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium’s mission is to become a new supplier of battery grade lithium using Direct Lithium Extraction technology powered by renewable energy.

CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and exploration stage projects in Llamara and Arenas Blancas (Salar de Atacama), located in the lithium triangle, a leading centre for battery grade lithium production. The two most advanced projects: Laguna Verde and Viento Andino are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All four projects have good access to existing infrastructure.

CleanTech Lithium is committed to utilising Direct Lithium Extraction with reinjection of spent brine resulting in no aquifer depletion. Direct Lithium Extraction is a transformative technology which removes lithium from brine with higher recoveries, short development lead times and no extensive evaporation pond construction. www.ctlithium.com

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Element79 Files Year End Financials and Updates Status of MCTO

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(TheNewswire)

Element79 Gold Corp.

Vancouver TheNewswire February 26, 2025 Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) (‘Element79 Gold’, the ‘Company’) provides an update with respect to the previously announced Management Cease Trade Order (the ‘MCTO’) issued by the British Columbia Securities Commission on January 2, 2025. The Company is providing notice in accordance with National Policy 12-203 Management Cease Trade Orders (‘NP 12-203’). The MCTO was issued by the BCSC on January 2, 2025. It prevents the Company’s Officers, Board and Insiders from trading in the Company’s securities but does not affect the ability of other shareholders, including the public, to trade in the securities of the Company.

The Company confirms that as of today, the filing of the audited annual financial statements for the year ended August 31, 2024, along with the management’s discussion and analysis and related CEO and CFO certificates (the ‘2024 Filings’) for the period, which were required to be filed on or before December 30, 2024, have been filed on February 26, 2025.

The MCTO will remain in effect until the filing of the quarterly financial statements for the three months ended November 30, 2024, along with the management’s discussion and analysis and related CEO and CFO certificates (the ‘2025 Q1 Filings’) for the period, which were required to be filed on or before January 29, 2025, will be filed on or before March 7, 2025.

As previously stated, subject to current conditions remaining the same, the Company remains confident in its ability to complete the 2025 Q1 Filings and will make its best efforts to complete the process within the timeline indicated.

The MCTO remains in effect until the Company files the 2025 Q1 Filings and the BCSC’s Executive Director has revoked the MCTO. The Company confirms that since the date of the Default Announcement, other than as described above: (a) there has been no material change to the information set out in the Default Announcement that has not been generally disclosed; (b) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12- 203; (c) there has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the Default Announcement; and (d) there is no other material information concerning the affairs of the Company that has not been generally disclosed.

The Company confirms that it will continue to satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains delayed.

For corporate matters, please contact:

James C. Tworek, Chief Executive Officer

Email: jt@element79.gold

For investor relations inquiries, please contact:

Investor Relations Department
Phone: +1 (403)850.8050
Email: investors@element79.gold

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements in this News Release, which are not historical in nature, constitute ‘forward looking statements’ within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward-looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should conduct a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward-looking statements to reflect events or changes in circumstances that occur after the date hereof.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Crypto Market Recap: South Dakota Rejects Bitcoin Reserve Bill, Meme Coins Take A Hit

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Here’s a quick recap of the crypto landscape for Monday (February 24) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

Bitcoin (BTC) is currently trading at US$87,548, reflecting a decrease of 1.9 percent over the past 24 hours. The day’s trading range has seen a high of US$89,409 and a low of US$86,015.

Ethereum (ETH) is priced at US$2,425.05, marking a decline of 0.17 percent over the same period. The cryptocurrency reached an intraday high of US$2,530.78 and a low of US$2,362.64.

Altcoin price update

  • Solana (SOL) is currently valued at US$151.06, down 9.8 percent over the past 24 hours.
  • XRP is trading at US$2.24, reflecting a 0.89 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday high of US$2.36 and a low of US$2.17.
  • Sui (SUI) is priced at US$2.94, showing a 3.52 percent increase over the past 24 hours. It achieved a daily high of US$3.08 and a low of US$2.72.
  • Cardano (ADA) is trading at US$0.664952, reflecting a 0.46 percent increase over the past 24 hours. Its highest price today was US$0.693333, with a low of US$0.636214.

Crypto news to know

South Dakota Lawmakers Reject Bitcoin Reserve Proposal

A proposal to add Bitcoin (BTC) to South Dakota’s state reserves has failed to gain traction, as lawmakers voted to postpone the bill indefinitely during a legislative session on Monday.

The bill, which sought to make South Dakota the first U.S. state to hold Bitcoin as a treasury asset, was seen as a potential breakthrough for state-level Bitcoin adoption. However, after deliberation, the state’s House Commerce and Energy Committee voted to delay the bill indefinitely, signaling that it will not be revisited this session.

Supporters of the bill had argued that Bitcoin could serve as a hedge against inflation and offer a decentralized alternative to traditional reserve assets.

Critics, however, raised concerns over Bitcoin’s price volatility and regulatory uncertainty, questioning whether it was a suitable asset for state reserves. Some lawmakers also suggested that South Dakota should wait for more regulatory clarity before making such a move.

Despite the setback, analysts believe other states may still move forward with Bitcoin reserve proposals this year. According to the Bitcoin Reserve Monitor, at least 18 states are currently exploring the idea. Among them, Florida, Utah, Arizona, and Texas remain the most likely to push for Bitcoin reserves in 2025.

While South Dakota’s decision represents a short-term roadblock for Bitcoin adoption, many believe that state-level interest in BTC as a reserve asset will only continue to grow.

Dogecoin Falls Below $0.20 as Meme Coins Face Steep Losses

Dogecoin (DOGE) has dropped below US$0.20, marking a significant decline of over 11 percent in the past 24 hours. The meme coin has now lost 43 percent of its value over the past month and is down 72 percent from its all-time high of US$0.73 in 2021.

This downturn comes as the crypto market faces heavy selling pressure, with Bitcoin (BTC) down 8.3 percent and Ethereum (ETH) down 10.1 percent over the same period.

The meme coin sector as a whole has struggled, with Solana-based tokens like Bonk (BONK) and Trump (TRUMP) each falling over 14 percent this past week. Ethereum-based Pepe (PEPE) has also taken a hit, extending its recent downward trend.

One of the biggest losers is Fartcoin (FART), which has plunged nearly 90 percent from its peak market cap of US$2.4 billion, now trading at just US$0.29.

Beyond meme coins, the broader crypto market is also suffering, with Bitcoin dipping to US$87,115 at its lowest point and Ethereum seeing a similar trajectory. The total crypto market capitalization has dropped below US$3 trillion, reflecting an 8.8 percent loss in a single day.

Analysts point to uncertainty around U.S. regulatory discussions—including speculation about a potential Bitcoin reserve policy—as contributing factors.

SEC Ends Uniswap Investigation, Boosting DeFi Confidence

The SEC (U.S. Securities and Exchange Commission) has officially closed its investigation into Uniswap Labs, marking a significant moment for the decentralized finance (DeFi) sector.

Uniswap, the leading decentralized exchange (DEX), had been under scrutiny since April 2024, when the SEC issued a Wells notice suggesting the platform may have been operating as an unregistered securities exchange.

However, the regulator has now decided against further enforcement actions, effectively clearing Uniswap of wrongdoing.

Following the news, Uniswap’s governance token (UNI) jumped 5 percent, as investors welcomed the regulatory clarity. In a statement, Uniswap Labs called the decision a “win for DeFi and decentralized technology”, emphasizing that DeFi platforms operate differently from centralized financial entities and should not be subject to the same regulations.

This development comes amid major shifts at the SEC, following Gary Gensler’s departure in early 2025.

Under Acting Chairman Mark Uyeda and Commissioner Hester Peirce, the agency has been reevaluating its approach to crypto regulation, leading to the closure of multiple investigations, including those into Robinhood Crypto and OpenSea.

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

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

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1911 Gold Intersects up to 21.80 g/t Gold over 0.50 m within 6.46 g/t Au over 2.20 m in Drilling at True North

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1911 Gold Corporation (‘ 1911 Gold ‘ or the ‘ Company ‘) (TSXV: AUMB) (OTCBB: AUMBF) (FRA: 2KY) is pleased to announce the assay results from Thirteen (13) drill holes for 3,222.40 metres (‘m’) from the surface exploration drilling program currently in progress at the True North Project located on the Company’s 100%-owned Rice Lake Gold property in southeast Manitoba, Canada .

Highlights:

  • Drill results defined near-surface quartz vein hosted gold (‘Au’) mineralization on the San Antonio Southeast (‘SAM SE’) target
  • A second drill rig has been mobilized and is currently drill testing the extensions of the San Antonio West target

San Antonio Southeast Target

  • Drill results confirmed the southeastern extension of gold mineralization hosted within the prolific San Antonio mafic unit to depths of over   400 m and along a strike length of over 300 m , including:
    • Drill hole TN-25-011 intersected 8.37 grams per tonne (‘g/t’) Au over 0.84 m at a down-hole depth of 277.74 m
    • Drill hole TN-25-014 intersected 13.40 g/t Au over 0.69 m at a down-hole depth of 361.71 m
    • Drill hole TN-25-021 intersected 14.00 g/t over 0.50 m at a downhole depth of 33.10 m , and 6.46 g/t Au over 2.20 m at a downhole depth of 60.10m , including 21.80 g/t Au over 0.50 m
    • Drill hole TN-25-023 intersected 9.37 g/t Au over 0.50 m at a downhole depth of 37.00 m
    • Drill hole TN-25-024 intersected 4.55 g/t Au over 1.00 m at a downhole depth of 73.00 m , and 14.50 g/t Au over 0.50 m at a downhole depth of 106.60 m

Shaun Heinrichs , President & CEO, stated, ‘This latest discovery is exciting not only because it is near mine and located within the same host rock unit that contains the prolific San Antonio zone, but also because the target is within the L-10 shear zone that hosts over 100,000 ounces where it intersects the shoreline basalt unit to the east. Our models also indicate that the L-10 shear zone extends to depth and contains the larger 710-711 vein resource, a step-out discovery on the ’26 Level’ in the True North mine. This is over 1,000 metres below surface, highlighting a large target zone between the near-surface mineralization intersected in these drill holes and the mineral resources at depth. Using these results and historical drilling data in the area, Michele and his team have designed a follow-up program to test for extensions of this mineralization along strike and to depth.’

San Antonio Southeast target: Discussion of Results

The San Antonio Southeast target covers an area southeast of the historically mined San Antonio zone of the True North Gold Mine. The San Antonio Southeast target occurs within the gabbro of the San Antonio Mafic (SAM) unit at the intersection with the L-10 shear zone. The same geological setting hosts the 710-711 vein system, which contains a mineral resource inventory of 198,000 oz Au @ 5.21 g/t Au indicated and 118,000 oz Au @ 3.91 g/t Au (   see press release dated November 20, 2024 , ‘1911 Gold Announces Mineral Resource Estimate Update for the True North Gold Project’) located on the ’26 Level’ of the True North underground mine at a depth approximately 1,000m below the current drill target area. The L-10 shear zone also hosts a gold mineralized vein system within the parallel Shoreline Basalt unit containing 58,000 oz Au @ 4.99 g/t Au indicated and 61,000 oz @ 3.96 g/t Au inferred resources.

Figure 1: True North: Geology and drill hole location map (CNW Group/1911 Gold Corporation)

Figure 2: Isometric View of True North Mine Complex with target area locations (Looking NW) (CNW Group/1911 Gold Corporation)

Table 1: Select Significant Drill Hole Assay Results

Target Area

(name)

Drill Hole

(number)

From

(m)

To

(m)

Interval

(m)

Au

(g/t)

SAM Southeast

TN-24-011

244.76

245.72

0.96

2.55

277.74

278.58

0.84

8.37

SAM Southeast

TN-24-14

361.71

362.40

0.69

13.40

369.85

371.70

1.85

2.52

SAM Southeast

TN-25-016

332.60

334.20

1.60

2.72

SAM Southeast

TN-25-021

33.10

33.60

0.50

14.00

51.60

57.20

5.60

2.52

Including

51.60

53.00

1.40

5.13

60.10

62.30

2.20

6.46

Including

61.80

62.30

0.50

21.80

SAM Southeast

TN-25-022

51.30

51.80

0.50

6.00

60.50

62.60

2.10

2.32

SAM Southeast

TN-25-023

37.00

37.50

0.50

9.37

41.30

42.20

0.90

2.41

SAM Southeast

TN-25-024

73.00

74.00

1.00

4.55

106.60

107.10

0.50

14.50

1)   Intercepts above a cut-off grade of 2.25 g/t Au

2)   Maximum of 2.50 m internal dilution and no top capping applied

3)   Intervals represent drill core length and are considered to represent 60% to 90% of true widths

4)   Full Significant Assay Results included in Table 2

5)   Drill hole Information included in Table 3

Drilling completed to date has confirmed the extension of gold mineralization to over 350 m east of the San Antonio zone, covering an area 300 m long and over 400 m to depth. Thirteen (13) holes for a total of 3,222.40 m have been sampled and analyzed to date within this target area, with one (1) hole, TN-24-012, being abandoned at 45.40 m without reaching the target zones and one hole TN-25-026 being drilled to the south and behind the target which did not test the up-dip extensions of mineralization. The SAM gabbro hosts the majority of the known gold mineralization within the True North Mine and historically produced 1,309,351 ounces Au at an average grade of 9.33 g/t Au.

Mineralized intercepts are characterized by quartz-carbonate shear veins and vein breccias with sericite, and chlorite alteration and up to 2% pyrite disseminated and in veinlets. They are interpreted to be related to a similar structural setting as the San Antonio zone vein system, which occurs at the intersection of the SAM gabbro unit and the L-13 shear zone. Historical drill testing of the SAM SE target resulted in drill assays of up to 2.16 m @ 12.90 g/t Au (AB-07-003), 3.20 m @ 6.25 g/t Au (AB-06-005 ) and 3.63m @ 4.01 g/t Au (AB-06-006) (see press release dated October 3, 2024 , ‘1911 Gold Initiates Surface Drill Program on New Exploration Targets at the True North Gold Project’) . The current drill program is designed to test the continuity and extensions of the historically drilled zones. Drill results have confirmed the extension of the quartz vein-hosted gold mineralized system along strike to the East and down plunge, defining the potential to extend it even further at depth and to the East.

Next Steps

The exploration drilling results completed to date within the True North Gold Mine complex have successfully defined several new areas of gold mineralization and confirmed the near-surface extensions of gold mineralization for the San Antonio West, Hinge East and San Antonio Southeast target areas. Based on the results received to date and the additional new exploration targets that have been developed, 1911 Gold has expanded the current drill program and is now planning over 25,000 m of drilling in 2025. A second rig has been mobilized, and the drill program will continue to test the open extensions at San Antonio West and San Antonio Southeast and the Hinge East target, as well as other new targets.

Figure 3: Long Section (AA

Figure 4: Expanded Long Section (AA

Table 2: True North; Significant Drill Hole Assays

Target Area

(Name)

Drill Hole

(Number)

From

(m)

To

(m)

Interval

(m)

Au

(g/t)

SAM Southeast

TN-24-011

244.76

245.72

0.96

2.55

257.76

260.00

2.24

0.97

263.00

264.50

1.50

1.64

277.74

278.58

0.84

8.37

SAM Southeast

TN-24-14

359.40

359.90

0.50

1.65

361.71

362.40

0.69

13.40

363.90

365.22

1.32

0.67

367.10

369.85

2.75

1.36

369.85

371.70

1.85

2.52

371.70

375.55

3.85

0.80

385.95

386.55

0.60

1.91

SAM Southeast

TN-24-15

347.57

348.07

0.50

0.74

371.95

372.51

0.56

1.83

385.55

386.55

1.00

1.70

SAM Southeast

TN-25-016

332.60

334.20

1.60

2.72

350.00

351.30

1.30

0.85

369.50

370.25

0.75

1.28

SAM Southeast

TN-25-017

212.40

213.00

0.60

0.80

SAM Southeast

TN-25-021

33.10

33.60

0.50

14.00

50.20

51.60

1.40

0.51

51.60

57.20

5.60

2.52

Including

51.60

53.00

1.40

5.13

57.20

58.00

0.80

0.73

60.10

62.30

2.20

6.46

Including

61.80

62.30

0.50

21.80

62.30

62.80

0.50

1.59

SAM Southeast

TN-25-022

34.20

35.40

1.20

1.21

47.30

48.50

1.20

1.46

51.30

51.80

0.50

6.00

58.90

59.40

0.50

1.95

60.50

62.60

2.10

2.32

SAM Southeast

TN-25-023

32.90

33.50

0.60

0.57

36.00

37.00

1.00

0.83

37.00

37.50

0.50

9.37

37.50

38.00

0.50

0.73

41.30

42.20

0.90

2.41

70.40

73.00

2.60

0.62

73.00

74.00

1.00

4.55

75.00

76.00

1.00

1.41

78.30

78.90

0.60

1.07

102.90

103.40

0.50

0.51

106.10

106.60

0.50

0.60

106.60

107.10

0.50

14.50

110.90

113.00

2.10

1.16

Drill hole TN-24-012 was abandoned before reaching target depths and drill hole TN-25-026 was drilled behind the target zone

Update on Underground Access

During February, significant progress has been made in recommissioning the A Shaft on the True North underground mine, including lowering the skip to the ’16 Level’ (the target level for underground drilling) with no interruptions. Once the Company can safely lower a crew to the ’16 Level’ over the coming weeks, a further inspection will be completed to identify the work required and provide an updated timeline for the exploration team to gain access for underground drilling.

Table 3: True North; Drill Hole Details

Drill Hole
(Number)

`Target

(Name)

Northing*
(m)

Easting*
(m)

Elevation
(masl)

Azimuth
(°)

Inclination
(°)

Depth
(m)

TN-24-011

SAM-Southeast

312762

5655528

250

175

-65

326.0

TN-24-012**

SAM-Southeast

312762

5655528

250

183

-48

45.4

TN-24-012A

SAM Southeast

312762

5655528

250

165

-50

224.0

TN-24-013

SAM Southeast

312588

5655595

256

152

-65

338.0

TN-24-014

SAM Southeast

312662

5655639

262

137

-63

443.0

TN-25-015

SAM Southeast

312662

5655639

262

137

-66

440.0

TN-25-016

SAM Southeast

312664

5655639

262

125

-64

449.0

TN-25-017

SAM Southeast

312793

5655442

254

187

-60

293.0

TN-25-021

SAM Southeast

312609

5655311

251

129

-82

140.0

TN-25-022

SAM Southeast

312609

5655311

251

218

-45

101.0

TN-25-023

SAM Southeast

312609

5655311

251

273

-50

128.0

TN-25-024

SAM Southeast

312609

5655311

251

122

-49

194.0

TN-25-026***

SAM Southeast

312555

5655327

252

232

-45

101.0

*Coordinates are provided in UTM NAD83 Zone 15

**Drill hole abandoned before reaching target depth

***Drill hole drilled behind the target zone

Quality Assurance/Quality Controls (QA/QC)

Core samples are collected by sawing the drill core in half along the axis, with one-half sampled, placed in plastic sample bags, labelled, sealed and the other half retained for future reference. Batches are shipped to Activation Laboratories Ltd. (Actlabs), in Thunder Bay, Ontario for sample preparation and analysis. Samples are dried, crushed to 2mm and a 1 kg split is pulverized to -200 mesh. Gold analysis is completed by fire-assay with an atomic absorption finish on 50 grams of prepared pulp. Samples returning values greater or equal to 5.00 g/t are reanalysed by fire assay with a gravimetric finish. Total gold analysis (Screen Metallic Sieve) is conducted on highly mineralized samples or the presence of visible gold, depending on the amount of sample material remaining available. Certified gold reference material samples are inserted every 20 samples and blank samples at intervals of one in every 50 samples, with additional blanks inserted after samples hosting visible gold. Repeat gold analyses for 5% of all submitted sample pulps conducted at a third-party certified laboratory.

Qualified Person Statement

The scientific and technical information in this news release has been reviewed and approved by Mr. Michele Della Libera , P.Geo, Vice-President Exploration of 1911 Gold, who is a ‘Qualified Person’ as defined under NI 43-101.

About 1911 Gold Corporation

1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totaling more than 61,647 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba , and also owns the True North mine and mill complex at Bissett, Manitoba . 1911 Gold believes its land package is a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario , and intends to focus on organic growth and accretive acquisition opportunities in North America .

1911 Gold’s True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or describes a ‘goal’, or variation of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved.

All forward-looking statements reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Company to close the Offering, the timing and ability of the Company to receive necessary regulatory approvals, the tax treatment of the securities issued under the Offering, the timing for the Qualifying Expenditures to be renounced in favour of the subscribers, and the plans, operations and prospects of the Company, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

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.

1911 Gold - Logo (CNW Group/1911 Gold Corporation)

SOURCE 1911 Gold Corporation

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Stem Cell Stocks: 10 Biggest NASDAQ Companies in 2025

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Stem cell research and regenerative medicine are growing markets in the life science sector, and the top stem cell companies are working hard to make advancements that can help patients.

Stem cells serve as an internal repair system in the body. They can divide without limit to replenish other cells as long as the body is still alive. Unsurprisingly, there’s a lot of promise for medical advancements, and there are already stem cell treatments approved by the US Food and Drug Administration (FDA). Still, there is a lot of room for further advancements, and plenty of lab work still needs to be done before stem cell products can be used as cell-based therapies or regenerative medicines.

A report from Grand View Research projects that the global stem cell market will reach US$28.89 billion by 2030. The research firm sees “the rising number of stem cell banks, growing focus on increasing therapeutic potential of these, and extensive research for the development of regenerative medicines” as drivers of this market. The stem cell market and the value of regenerative medicine stocks is expected to grow further via increased government funding for cancer research and the development of cellular therapies to treat various cancers.

Grand View Research reports that in 2024 the pharmaceutical and biotechnology companies segment captured the largest revenue share for the stem cell therapy market at 54.19 percent.

1. AstraZeneca (NASDAQ:AZN)

Company Profile

Market cap: US$228.3 billion

First on this list of the top NASDAQ stem cell company stocks is multinational pharma and biotech firm AstraZeneca, which also specializes in other therapeutic areas, including oncology, cardiovascular diseases, the respiratory and central nervous systems and pain control.

While it may be the largest company on this list by market cap, the pharma giant has been slower than its peers in staking a position in the cell therapy market. Its particular focus in oncology is the treatment of solid tumors. The company is also looking at stem cell therapies to treat life-threatening chronic kidney disease and liver disease.

AstraZeneca acquired biotech firm Neogene Therapeutics in 2023, bringing the company’s expertise on T-cell receptor therapies into AstraZeneca’s fold.

Its long-term strategy in this area is to develop ‘off-the-shelf’ allogenic CAR-T therapies to increase the availability and accessibility of the treatments.

2. Amgen (NASDAQ:AMGN)

Company Profile

Market cap: US$160.05 billion

A global leader in biotech, Amgen is heavily invested in gene-based research and uses advanced human genetics to develop and manufacture therapeutics targeting a variety of diseases with unmet medical needs.

The biotech firm has a multi-year fund agreement with Canada’s Center for Commercialization of Regenerative Medicine (CCRM), which specializes in developing and commercializing regenerative medicine-based technologies and cell and gene therapies. Under the multi-year agreement, both CCRM and Amgen will fund early stage regenerative medicine-based technologies and therapies with research conducted in institutions that are part of CCRM’s global network.

In May 2024, the US FDA approved Amgen’s Imdelltra for the treatment of adult patients with extensive-stage small cell lung cancer, making the drug the first and only T-cell engager therapy available for treating this condition. The therapy activates the patient’s own T cells to attack particular tumor cells.

3. Gilead Sciences (NASDAQ:GILD)

Company Profile

Market cap: US$137.13 billion

Global biopharmaceutical company Gilead Sciences specializes in developing breakthrough medicines to prevent and treat serious diseases such as HIV, viral hepatitis and cancer.

One of the stem cell therapies in its product portfolio is Yescarta, a CAR-T cell therapy for blood cancer and the first such therapy for certain types of non-Hodgkin’s lymphoma. Yescarta aids a patient’s immune system in fighting the disease. Gilead currently has at least eight cell therapy candidates in its product pipeline, including three in Phase 3 clinical studies targeting high-risk lymphomas and myeloma.

4. Sanofi (NASDAQ:SNY)

Company Profile

Market cap: US$134.81 billion

French multinational pharmaceutical company Sanofi develops therapeutic products for diabetes and cardiovascular diseases, oncology, immunology, multiple sclerosis, rare diseases, rare blood disorders and vaccines. Its product portfolio includes Mozobil, a hematopoietic stem cell mobilizer that helps bone marrow release stem cells into the bloodstream for transplant into the body.

In 2021, the firm bolstered its regenerative medicine business through the US$1.9 billion acquisition of Kadmon, adding FDA-approved stem cell transplant product Rezurock to its portfolio. Sanofi has since partnered with privately held biotech company Scribe Therapeutics to develop CRISPR-based cell therapies targeting cancers.

The company also has a licensing agreement with Innate Pharma (NASDAQ:IPHA) as the two companies collaborate on developing natural killer cell therapeutics in oncology. One investigational drug candidate under this collaboration is SAR’579, which is in Phase 1/2 studies for the treatment of blood cancers with high unmet needs, including relapsed or refractory acute myeloid leukemia, B cell acute lymphoblastic leukemia and high-risk myelodysplasia. SAR’579 received FDA Fast Track Designation for the treatment of acute myeloid leukemia.

5. Vertex Pharmaceuticals (NASDAQ:VRTX)

Company Profile

Market cap: US$123.34 billion

Vertex Pharmaceuticals has developed a number of approved treatments for cystic fibrosis, and has a pipeline of genetic and cell therapies for diseases such as sickle cell disease, beta thalassemia, Duchenne muscular dystrophy and type 1 diabetes.

Vertex and its partner CRISPR Therapeutics (NASDAQ:CRSP) co-developed drug Casgevy, a CRISPR/Cas9 genome-edited cell therapy, received FDA approval in December 2023 for the treatment of sickle cell disease in patients 12 years and older with recurrent vaso-occlusive crises. Casgevy is the first ever treatment based on CRISPR technology to be approved for the US market. In 2024, the drug received validation from the European Medicines Agency and Health Canada for this indication as well.

In addition, Vertex has two active clinical trials for type 1 diabetes cell therapy: X-880, an investigational allogeneic stem cell-derived, insulin-producing islet cell therapy in Phase 1/2/3 clinical trials; and VX-264, designed to be a surgically implanted device in phase 1/2 clinical trials.

6. BioNTech (NASDAQ:BNTX)

Company Profile

Market cap: US$28.67 billion

Immunotherapy company BioNTech is advancing novel therapies for diseases such as cancer. The company combines computational discovery and therapeutic drug platforms to rapidly develop new biopharmaceutical products. The company is best known today for its mRNA vaccine development and in-house manufacturing capabilities, as well as its COVID-19 vaccine, created with partner Pfizer (NYSE:PFE).

BioNTech is engaged in collaborative partnerships aimed at assembling mRNA vaccine candidates for a range of infectious diseases. BioNTech’s portfolio of oncology product candidates includes individualized and off-the-shelf mRNA-based therapies, CAR-T cell therapies, bispecific checkpoint immuno-modulators, targeted cancer antibodies and small molecules.

The most advanced of its CAR-T product candidates is BNT211, which comprises two drug products designed to induce an immune response against various CLDN6-positive solid tumors, such as ovarian cancer, sarcoma, testicular cancer, endometrial cancer and gastric cancer. BNT211 is in a Phase 1 trial in patients with CLDN6-positive relapsed or refractory advanced solid tumors.

7. BeiGene (NASDAQ:ONC)

Company Profile

Market cap: US$26.72 billion

Biotechnology company BeiGene specializes in the development of drugs for cancer treatment across a broad range of areas, including esophageal squamous cell carcinoma, non-small cell lung cancer, mantle cell lymphoma, non-Hodgkin’s lymphoma and ovarian cancer. Its clinical development pipeline includes 12 advanced Phase 3 programs.

BeiGene has a strategic partnership with Shoreline Biosciences for the development and commercialization of a genetically engineered natural killer cell therapy.

BeiGene’s bruton tyrosine kinase inhibitor Brukinsa gained FDA approval in early 2023 for patients with chronic lymphocytic leukemia or small lymphocytic leukemia, both forms of non-Hodgkin’s lymphoma.

The company’s monoclonal antibody Tevimbra garnered FDA approval in early 2024 for the treatment of advanced or metastatic esophageal squamous cell carcinoma after prior chemotherapy. Near the end of the year, the European Commission gave the green light to the drug for first-line treatment of advanced/metastatic esophageal squamous cell carcinoma and gastric or gastroesophageal junction cancer, while the FDA approved it for first-line treatment of gastric and gastroesophageal junction cancers in combination with chemotherapy.

8. BioMarin Pharmaceutical (NASDAQ:BMRN)

Company Profile

Market cap: US$13.1 billion

BioMarin Pharmaceutical develops and commercializes therapies for patients with serious, life-threatening genetic diseases and medical conditions.

The global biotech company focuses on diseases with critical unmet medical needs, as well as products with an opportunity to be first to market or to offer significant benefits over existing products. BioMarin’s portfolio includes eight commercial products and multiple clinical and preclinical product candidates across its therapeutic areas.

9. Moderna (NASDAQ:MRNA)

Company Profile

Market cap: US$12.98 billion

Biotechnology and pharmaceutical company Moderna is a pioneer in the field of mRNA. The company’s assets include a diverse clinical portfolio of vaccines and therapeutics, plus a large intellectual property portfolio in areas such as mRNA and lipid nanoparticle formulation; it also has an integrated manufacturing plant that allows for both clinical and commercial production.

These assets, along with Moderna’s network of domestic and overseas government and commercial collaborators, allowed for the rapid development of one of the world’s most effective COVID-19 vaccines.

The other therapeutics and vaccines in the company’s pipeline are targeting infectious diseases, immuno-oncology, rare diseases, cardiovascular diseases and autoimmune diseases. Moderna has 23 development programs underway across these areas.

10. Bio-Techne (NASDAQ:TECH)

Company Profile

Market cap: US$10.3 billion

Bio-Techne develops, manufactures and sells reagents, diagnostic instruments and bioprocessing services for research and clinical applications, including drug discovery. The company’s revenue segments include diagnostics and spatial biology, and protein sciences.

Bio-Techne offers tailored technologies and services for its life science customers developing and producing immune cell, regenerative and gene therapies. The company expanded its Advanced Cell Diagnostics branded RNAscope probe portfolio in February 2025.

‘With over 12,000 citations in clinical and translational research combined, our expanded portfolio of gold-standard RNAscope probes enables customers to accelerate biomarker validation and ultimately improve lives,’ said Dr. Matt McManus, president of Bio-Techne’s diagnostics and spatial biology segment.

FAQs for stem cell stocks

What are stem cells?

Stem cells are the building blocks of life, with special capabilities that are particularly important in both the early and later stages of a human’s lifecycle. Human stem cells have the ability to develop into a variety of different cell types in the body, including organ-specific cells, as well as muscle tissue and bone marrow cells; they can even renew themselves.

What is stem cell therapy?

Stem cell therapy is the use of stem cells to treat or prevent a disease or condition, including some cancers such as leukemia, lymphoma, multiple myeloma and neuroblastoma. Cell therapy involves the direct administration of cells into the body to promote the body’s natural ability to heal itself.

What is stem cell banking?

Stem cell banking is the process of collecting, processing and cryogenically storing potentially life-saving stem cells for future use in therapies and regenerative medicine.

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

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Top 10 Copper Producers by Country

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In 2024, concern grew about copper supply as copper mines in the top copper-producing countries continued to age without new mines to replace them.

Additionally, copper demand from electrification is expected to rise significantly in the coming years.

The competing forces of the global macroeconomic situation and a tightening supply and demand situation caused major swings in the copper price last year, and the red metal set a new all-time high in May 2024 as it moved above the US$5 per pound mark for the first time.

Despite a tight supply situation, demand from the energy transition has largely been muted as China, traditionally the largest consumer of copper for its infrastructure, works to stimulate its flagging economy.

The forecast for copper over the next few years is that the copper market will move into supply deficits, which in turn should provide more tailwinds for the price of copper and greater upside to company balance sheets.

For investors interested in copper, it’s worth looking at production by country. According to the latest US Geological Survey data, global copper production reached 23 million metric tons (MT) in 2024. Mining output figures for this article were supplemented with data provided by Mining Data Online (MDO).

Chile again took the crown to become the top copper producing country last year, but some of the others on the list may surprise you. Read on to find out the top 10 copper countries and what mines are driving each country’s copper output.

1. Chile

Copper production: 5.3 million metric tons

In 2024, Chile produced 5.3 million metric tons of copper, making it the world’s largest copper producing country with about 23 percent of the total global copper output.

Naturally, many of the world’s leading copper miners have substantial operations in Chile, including the state-owned Codelco, Anglo American (LSE:AAL,OTCQX:AAUKF), Glencore (LSE:GLEN,OTC Pink:GLCNF) and Antofagasta (LSE:ANTO,OTC Pink:ANFGF).

Chile is also home to BHP’s (ASX:BHP,NYSE:BHP,LSE:BHP) Escondida, the largest copper mine in the world. According to BHP’s 2024 annual report, the mine produced 1.13 million metric tons of copper in 2024.

However, Chile’s copper production is expected to rebound to record levels in 2025, according to S&P Global, to hit a projected 6 million MT as new mines ramp up their output.

2. Democratic Republic of Congo

Copper production: 3.3 million metric tons

In 2024, the Democratic Republic of Congo (DRC) produced 3.3 million metric tons of copper, accounting for more than 11 percent of global copper output. The DRC has increased its copper production rapidly in recent years, and its 2024 output marked a significant rise from the 2.93 million metric tons of copper produced the previous year.

One contributor to this increase is Phase 3 of the Ivanhoe Mines (TSX:IVN,OTCQX:IVPAF) Kamoa-Kakula project, which achieved commercial production in August 2024. A joint venture with partner Zijin Mining Group (OTC Pink:ZIJMY,SHA:601899), Kamoa-Kakula produced 437,061 MT of copper in 2024, an increase from the 393,551 MT produced in 2023. Ivanhoe is expecting further increases in production in 2025 and set its guidance for the year at 520,000 and 580,000 MT of copper.

3. Peru

Copper production: 2.6 million metric tons

In 2024, Peru produced 2.6 million metric tons of copper, according to USGS data. The total is down 160,000 MT from its copper output in 2023.

Among the factors impacting the declines was a 3.7 percent drop at Freeport McMoRan’s (NYSE:FCX) Cerro Verde, the largest copper mine in Peru. According to data from MDO, Cerro Verde produced 1.94 million metric tons of copper concentrate in 2023. Freeport McMoRan indicated in its Q1 2024 report that declines in its South American operations were due to lower volumes of stockpiled leach ore and lower milling rates associated with maintenance.

Other significant copper operations in Peru include Anglo American’s Quellaveco mine and Southern Copper’s (NYSE:SCCO) Tia Maria mine. The majority of copper produced in Peru is shipped to China and Japan, and South Korea and Germany are other top export destinations.

4. China

Copper production: 1.8 million metric tons

In 2024, China produced 1.8 million metric tons of copper. The total was marginally lower than the 1.82 million metric tons produced in 2023, but also marks a steady decline over the past few years, seeing production slip from a recent high of 1.91 million metric tons in 2021.

However, when it comes to refined copper production, China is by far the winner. In 2024, its refined copper production totaled 12 million metric tons, representing more than 44 percent of global refined copper production and six times the production of Chile, the next-top refinery producer. China also holds the world’s highest copper reserves at 190 million MT.

Zijin Mining Group, a leading metal producer in China, owns the Qulong copper-molybdenum-silver-gold mine in Tibet. The company purchased a 50.1 interest in the owner of the Qulong mine in 2024 and is working to consolidate 100 percent ownership. Zijin increased its mine production in 2024 and it is now the largest copper mine in China.

According to MDO, the Qulong mine produced 340 million pounds of copper in 2023. While its 2024 copper production is still being finalized, it is estimated to have increased to 366 million pounds.

5. Indonesia

Copper production: 1.1 million metric tons

In 2024, Indonesia produced 1.1 million metric tons of copper, passing the United States and Russia to become the fifth highest copper producer. The country’s copper production has increased steadily in recent years, and is up significantly from 907,000 MT in 2023 and 731,000 MT in 2021.

Freeport McMoRan’s Grasberg complex is the country’s largest copper mine. According to MDO data, the mine produced 1.66 billion pounds of copper in 2023.

Another of the country’s largest operations is PT Amman Mineral’s (IDX:AMMN,FWB:U4Z) Batu Hijau mine. While production in 2023 was modest compared to Grasberg at 542 million pounds of copper concentrate, it’s estimated that 2024 will see production increase significantly to 1.84 billion pounds as the mine begins processing high-grade ore from its Phase 7 cutback.

In mid-2024, Amman Minerals commissioned a smelting facility that will process 900,000 metric tons of copper concentrate annually to produce 222,000 MT of copper cathodes and 830,000 MT of sulfuric acid.

6. United States

Copper production: 1.1 million metric tons

The United States produced 1.1 million metric tons of copper in 2024. While only 30,000 metric tons less than its 2023 production totals, the country’s 2024 output was a sharp decline from the 1.23 million MT it produced in 2022.

The majority of US copper comes from Arizona, which accounts for 70 percent of domestic supply. Other states with significant copper output include Michigan, Missouri, Montana, Nevada and New Mexico. Overall, 17 mines are responsible for 99 percent of copper production in the United States.

Freeport McMoRan’s Morenci mine in Arizona, a joint venture with Sumitomo (TSE:8053), is the largest copper mine in the US. According to MDO data, the mine produced 700 million pounds of copper metal in 2024 and has 12.63 million pounds of proven and probable reserves.

Other significant operations include Freeport McMoRan’s Safford and Sierrita mines, at which copper production totaled 249 million MT and 165 million MT respectively.

7. Russia

Copper production: 930,000 metric tons

Russia produced 930,000 metric tons of copper in 2024, a sizable increase from the 890,000 MT produced the previous year.

One of the key contributions to the rise in Russian copper output is the ramp-up in Phase 1 production at Udokan Copper’s Udokan mine in Siberia. Although the mine experienced multiple fires at the very end of 2023, copper production was reported to be unaffected. The mine was expected to produce up to 135,000 metric tons of copper in 2024. This is expected to grow to 450,000 MT once Phase 2 comes online in 2028.

8. Australia

Copper production: 800,000 metric tons

In 2024, Australia produced 800,000 metric tons of copper, a slight increase from the 778,000 MT produced in 2023.

The country’s largest copper operation is BHP’s Olympic Dam mine in South Australia. According to MDO data, 2024 marked a 10 year high in total copper production for Olympic Dam at 216,000 metric tons.

The state of Queensland is home to the Mount Isa complex, run by a subsidiary of Glencore. While it is one of Australia’s largest copper producers, the operations will be closed in the second half of 2025.

Australia may have modest output compared to those at the top of the list, but it is tied with Peru for the second highest copper reserves in the world at 100 million metric tons, behind only China with 190 million metric tons.

9. Kazakhstan

Copper production: 740,000 metric tons

In 2024, Kazakhstan produced 740,000 metric tons of copper, on par with 2023’s production totals. Although its production was unchanged year-over-year, the country entered the top 10 copper producers list this year, leapfrogging over Mexico and Zambia.

Kazakhstan’s copper output is up substantially compared to just a few years ago, with the country producing just 510,000 MT in 2021.

The nation plans to continue that trend, releasing a National Development Plan in February 2024 that aims to increase mineral production by 40 percent by 2029. The plan will involve increased exploration, project co-financing and tax incentives for investment.

Among the country’s largest mining companies is private firm KAZ Minerals, which owns the Aktogay mine. According to the company’s Q4 2024 production report, the mine produced 228,800 metric tons of copper during the year, a decline from the 252,400 MT produced in 2023.

10. Mexico

Copper production: 700,000 metric tons

Rounding out our list of top copper producers, Mexico produced 700,000 metric tons of copper in 2024, just 1,000 MT above its 2023 output.

The Buenavista del Cobre mine in Sonora, owned by Grupo Mexico (BMV:GMEXICOB), is the largest copper mine in the country. According to MDO data, the mine produced 725 million pounds of copper concentrate and 193 million pounds of copper cathode in 2023.

In addition, Grupo Mexico also owns Mexico’s second-largest copper mine, La Caridad, which produced 387,000 MT of copper concentrate and 51 million pounds of copper cathode in 2023.

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

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Minim Martap Project Update

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Canyon Resources Limited (ASX: CAY) (‘Canyon’ or the ‘Company’) is pleased to provide an update on key development workstreams at the Company’s flagship Minim Martap Bauxite Project (‘Minim Martap’ or ‘the Project’), located in Cameroon, as the Company continues to make rapid progress toward production.

Minim Martap ranks among the world’s richest bauxite deposits, underpinned by an Ore Reserve of 109Mt at 51.1% total Al2O3 and 2.0% total SiO2 and a JORC Mineral Resource Estimate of 1,027Mt at 45.3% total Al2O3 and 2.7% total SiO2

The Definitive Feasibility Study (DFS) remains on schedule for completion in Q3 2025, with a focus on optimising operational efficiencies, ensuring sustainable economics and confirming the preferred pathway to production. The Company remains confident that the DFS will reinforce the viability of Minim Martap as a world-class bauxite project. Concurrently, discussions with select debt providers are progressing positively, as Canyon seeks to secure an optimal funding structure in alignment with strategic objectives and results from the DFS.

As part of the DFS, Canyon is currently evaluating the implementation of a two-stage development strategy, aimed at accelerating production through a phased ramp-up to enable a first bauxite shipment in 2026. This approach would enable earlier revenue generation, strengthen supply chain relationships and strategically position Minim Martap for future growth as rail capacity expands. In addition to this process, Canyon has engaged several internationally recognised consultants to refine and optimise the existing rail infrastructure required for the transport of the bauxite ore. Detailed assessments are now underway to enhance logistical efficiency and explore capacity expansion strategies that will support long-term operational growth.

As part of project execution planning, Canyon is working with leading mining equipment vendors to define procurement schedules and delivery timelines, ensuring timely access to critical mining equipment, which will be essential for meeting targeted production timelines and targets and maintaining operational efficiency. The Company remains focused on aligning equipment availability with its potential staged development strategy to support seamless project execution.

Discussions with potential offtake partners are advancing well, with negotiations reflecting strong market interest in Minim Martap’s high-quality bauxite product and supporting the Company’s efforts to secure long- term sales agreements. Establishing these strategic partnerships is a key step in de-risking the Project, working through the relevant financing discussions and ensuring an efficient pathway towards commencement of operations.

Bauxite market fundamentals and pricing has strengthened over the past 12 months, with the CIF China price for 45% Al203 and 3% total SiO2 ex Guinea reported to be approximately $US 100/DMT in February 2025. The product from Minim Martap with a proved or reserve grade 51.1% total Al203 and total SiO2 should achieve a considerable premium price compared to a 45% Al2O3 and SiO2 bauxite product.

Lastly, Canyon continues to focus on building out its project team and management team to ensure the Company is well-positioned during the next phase of development growth, as Canyon works toward becoming a near-term bauxite producer.

Mr Jean-Sebastien Boutet, Canyon Chief Executive Officer commented:“Progress at our world-class Minim Martap Project continues as planned, reinforcing our confidence in our timeline towards production. Notably, the analysis of a potential two-staged development strategy has been particularly promising, offering the opportunity for fast-tracked production and revenue generation, while strategically positioning the Company to capitalise on expanding rail capacity and the establishment of key supply chain relationships.

‘Our team remains committed to transforming the Minim Martap Bauxite Project into a world-class operation that delivers sustainable, long-term value for shareholders and stakeholders alike. We will continue to provide timely updates as we achieve key milestones and advance toward production.”


Click here for the full ASX Release

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Canada’s Mineral Exploration Tax Credit Facing Uncertain Future

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Canadian mining industry investment has faced significant challenges over the past decade. There is a common understanding that funding isn’t moving through the sector, especially to juniors.

These small companies represent the foundation for mining in Canada, performing most exploration, and one program that has helped steer investment their way is the federal government’s Mineral Exploration Tax Credit (METC).

The program has been in place for the past two decades, but is set to expire on March 31, 2025.

With parliament prorogued, the mining industry is concerned that the METC will lapse and is calling for its renewal.

What is the Mineral Exploration Tax Credit?

The METC is a 15 percent credit that was created by Canada to help exploration companies raise money. It serves as a supplement to the flow-through share scheme established by the government.

Under the rules established for flow-through shares, companies can shift certain expenses to shareholders.

For tax purposes, these expenses are considered to have been incurred by the investor, not the corporation, and can reduce the investor’s taxable income. Investors in a mining company receive a 100 percent deduction for the amount invested in shares, as well as a 15 or 30 percent credit for eligible expenses.

Individuals who incur eligible exploration expenses pursuant to a flow-through share agreement with a mining company can claim the 15 percent METC. Eligible expenses include prospecting and geological surveys.

The METC applies to investors of all sizes, regardless of their marginal federal income tax rate; however, because some federal flow-through share incentives come in the form of income tax deductions, these deductions can vary.

Mining industry calls for METC extension

In a statement on January 7, the Prospectors & Developers Association of Canada (PDAC) urged members of parliament to renew the METC, calling it one of the federal government’s most productive programs.

‘With exploration investment already in decline, allowing the tax credit to lapse would undermine every segment of Canada’s mineral sector — from coast to coast,’ the organization said.

The PDAC’s release goes on to indicate that the METC is essential to safeguarding Canada’s competitiveness and the resilience of the country’s mining sector as a whole.

The January statement came amid intensifying rhetoric about sweeping US tariffs on Canada and Mexico. The resource sector is a significant exporter to the US, with key products including oil, gas, steel and aluminum.

He said certainty and stability would help maintain Canadian leadership in the resource sector.

“It is one of the most productive Canadian fiscal incentives by delivering a significant return on investment without requiring an outlay of public funds by the federal government,” Goldie noted.

He also spoke about how critical the mining sector is to the Canadian economy, indicating that exploration helps strengthen the country’s economic resilience through economic growth and stronger domestic supply chains.

He noted that minerals add C$100 billion to Canada’s GDP and create hundreds of thousands of jobs.

METC expiration date approaching

In 2018, the METC was extended until March 2024, at which time it was extended until March 31, 2025.

However, given Prime Minister Justin Trudeau’s resignation, the subsequent prorogation of parliament and the Liberal Party’s leadership race, it’s unclear whether the METC will be extended again this time.

The government is scheduled to reconvene on March 24, and given the short time frame between the return of parliament and the expiration of the credit, there are questions around how much will get done.

In addition to the METC, the federal government introduced the Critical Mineral Exploration Tax Credit (CMETC) in 2022. Similar to the METC, it provides a 30 percent credit to support the development of critical mineral projects in Canada that will produce batteries, permanent magnets, clean technology and semiconductors.

The two programs are separate, with the CMETC valid until March 31, 2027.

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

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Pinnacle Closes Non-Brokered Private Placement and Associated Acquisition of El Potrero Option

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(TheNewswire)

Pinnacle Silver and Gold Corp.

The Part-and-Parcel private placement was fully subscribed and raised gross proceeds of $800,000, subject to final TSXV approval. The placement consists of 20,000,000 units (the ‘Units’) at a price of $0.04 per Unit, with each Unit comprising one common share (‘Share’) in the capital of the Company and one-half share purchase warrant (‘Warrant’), whereby each whole Warrant shall be convertible into an additional Share at an exercise price of $0.06 for a period of 24 months from the date of issuance. No f inder’s fees were paid.

The net proceeds raised from the Financing will be used for exploration and development of the Potrero Project, payment of the back-taxes, and for working capital.

All securities to be issued will be subject to a four-month hold period from the date of issuance and subject to TSX Venture Exchange approval.  The securities offered have not been registered under the United States Securities Act of 1933 , as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Insiders subscribed for an aggregate of 648,500 Units for a total of $25,940.  As insiders of Pinnacle participated in the financing, it is deemed to be a ‘related party transaction’ within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (‘MI 61- 101’).  Pinnacle is relying on the exemptions from the formal valuation and minority approval requirements contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that the fair market value of the transaction does not exceed 25% of the Company’s market capitalization.  The Company will be filing a material change report in respect of the related party transaction on SEDAR.

Subject to final TSXV approval, it is anticipated that the Company’s share will resume trading effective at the open on February 28, 2025.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on district-scale exploration for precious metals in the Americas.  The addition of the high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt will complement the Company’s project portfolio and provide the potential for near-term production . In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon . With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long -term , sustainable value for shareholders.

Signed: ‘Robert A. Archer’

President & CEO

For further information contact :

Email: info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release .

Copyright (c) 2025 TheNewswire – All rights reserved.

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