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Nickel Price 2024 Year-End Review

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Nickel markets have been underwhelming the past couple of years as an oversupply of the base metal exceeded demand. It was a trend that continued through the last quarter of 2024.

Indonesian supply was the primary force preventing a breakout in the nickel markets. The country continued to be the largest global source, with much of its nickel destined for Chinese-owned refineries in the country.

However, oversupply was also met with weak demand, as China’s economy continued to sputter after the COVID-19 pandemic. The Chinese housing and manufacturing markets are important demand drivers for nickel, which is used in stainless steel products.

Nickel price in Q4

Nickel reached its 2024 peak of US$21,615 per metric ton on May 20, but was back below the US$16,000 mark by the end of July. Following some volatility in August and September, the price of nickel gained momentum at the end of Q3, reaching US$18,221 on October 2.

However, the increased prices were not to last, and nickel spent much of the final quarter in a downward trend.

By the end of October, the price had fallen to US$15,732 before climbing back to US$16,607 on November 7.

Since then, the nickel market has seen some volatility but has continued its downward trend. On December 19, it slumped to its 2024 low of US$15,090. However, it saw some small gains, ending the year at US$15,300 on December 31.

Nickel price, Q4 2024.

Nickel price, Q4 2024.

Chart via Trading Economics.

Nickel’s weak prices are largely due to high output from Indonesia and low demand, particularly from Asian markets, as China’s recovery has failed to gain traction.

As a result, on December 19, it was reported that Indonesia is considering implementing cuts to mining quotas to boost prices. The move would see the country cut output by nearly half, from 272 million metric tons of ore produced in 2024 to 150 million metric tons in 2025.

Additionally, Indonesia is looking to tighten environmental regulation compliance for miners in the new year and could introduce increased volatility into metals markets, including nickel. The move comes not long after it signed several new agreements in November with Chinese companies that would see billions invested in nickel operations in Indonesia.

Indonesia had previously worked to distance itself from China’s partnerships as it sought to improve relations with the United States and be included under the US Inflation Reduction Act (IRA).

The new agreements emerged shortly after Donald Trump won the US presidential election on November 7. Trump’s return to the Oval Office is unlikely to bode well for Indonesian officials seeking to secure a trade deal with the United States. However, a loosening of rules in the IRA might create new inroads for Indonesian nickel producers.

How did nickel perform for the rest of the year?

Nickel price in Q1

The story since the start of the year has been high output from Indonesian operations.

Low prices saw some nickel producers, including First Quantum Minerals (TSX:FM,OTC Pink:FQVLF) and Australia’s Wyloo Metals, cut production. However, New Caledonia was most affected. The country is more dependent on the nickel sector, with industry giants like Glencore (LSE:GLEN,OTC Pink:GLCNF), Eramet (EPA:ERA) and raw materials trader Trafigura owning significant stakes in nickel producers in the country.

Ultimately, cuts there led to a 200 million euro bailout package from the French government, which exacerbated tensions over New Caledonia’s independence from France. Opponents of the agreement argued it risks the territory’s sovereignty and that the mining companies aren’t contributing enough to bail out the mines, which employ thousands.

Nickel price in Q2

The second quarter was defined by a surge in nickel prices.

Positive momentum began to work its way into the market at the end of Q1, as Indonesia experienced delays in approving mining output quotas and speculation grew that Russian nickel could be sanctioned by the US and UK.

On April 12, news broke that Washington and London had banned US and UK metal exchanges from admitting new aluminum, copper and nickel from Russia. Taking immediate effect, the prohibitions also halted the import of those metals causing the price to soar to a year-to-date high of US$21,615 on May 20.

At the time Joe Mazumdar, editor of Exploration Insights, suggested this move would have little impact on the sector.

Ultimately, by the end of the quarter, the price was trending toward US$17,000.

Nickel price in Q3

Nickel saw a strong end to the third quarter with the price rising above the US$18,000 mark.

Nickel found pricing support in September as the Chinese government introduced a raft of stimulus measures intended to boost economic growth in the country. Among the measures were a 0.5 percent interest rate cut on existing mortgages and a reduction in the downpayment required to purchase a home to 15 percent from 25 percent.

The announcement came alongside cuts at Chinese smelters as they were forced to deal with a shortage in feeder supply due to more delays to Indonesia’s permitting and quota system.

Investor takeaway

The nickel market is expected to remain oversupplied for some time.

With China’s economy on a slow path to recovery, demand will remain weak. Meanwhile, supply will likely hinge on if Indonesia chooses to make significant cuts to supply output.

While demand for nickel in electric vehicle batteries is expected to be up 27 percent year-on-year in 2024, producers have also been looking to alternatives that don’t require as much nickel. Additionally, more consumers are looking to plug-in hybrid vehicles with smaller batteries that require less nickel.

Even with the increased demand from the battery sector, nickel is primarily used in stainless steel products, which are still dominated by the Chinese manufacturing and real estate sectors.

Perhaps the most significant factors to consider are political. A new administration in the United States and a shift in the IRA’s approach to sourcing critical metals like nickel could alter the landscape for nickel producers in 2025.

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

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Barrick Gold Facing Mali Export Restrictions, May Halt Mine Operations

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Major miner Barrick Gold (TSX:ABX,NYSE:GOLD) remains unable to export gold from its Loulo-Gounkoto mining complex in Mali due to ongoing restrictions imposed by the country’s government.

In a Monday (January 6) press release, the company said the situation has escalated further with the issuance of an interim attachment order on the existing gold stock at the site, halting exports and impacting daily operations.

Mark Bristow, Barrick’s president and CEO, said the restrictions could force the company to suspend operations at the site if the dispute is not resolved in the coming week. He emphasized that Barrick views the attachment order as unjustified and contrary to dispute resolution processes previously agreed upon with Mali’s government.

Barrick is seeking arbitration through the International Center for the Settlement of Investment Disputes.

“In parallel, Barrick continues its efforts to reach an agreement with the Mali government on a memorandum of agreement to resolve the existing disputes, redefine the partnership’s future and increase the State’s share of benefits from the Loulo-Gounkoto complex,” Bristow added in the company’s announcement.

The mining complex, one of Barrick’s key operations in West Africa, employs approximately 8,000 people. Bristow indicated that suspending operations would be a last resort, but necessary to manage ongoing disruptions.

Barrick is engaging with the Malian government to reach an agreement that redefines their partnership. Discussions are also focused on increasing Mali’s share of the operation’s economic benefits via a memorandum of understanding.

The situation has been further complicated by the detention of several of Barrick’s Malian employees. According to the company, the charges against these workers are unfounded.

Bristow reiterated that securing the release of the detained employees and ensuring their safety remains a top priority.

Moving forward, the company will continue to pursue legal and diplomatic avenues to resolve its issues in Mali, while safeguarding the interests of its workforce and stakeholders.

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

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Perpetua Gets US Forest Service Approval for Stibnite Gold-Antimony Project

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Perpetua Resources (TSX:PPTA,NASDAQ:PPTA) has secured final approval from the US Forest Service (USFS) for its Stibnite gold project in Idaho, advancing the redevelopment of the long-dormant site.

The approval follows eight years of interagency review, environmental assessment and public consultation.

According to the company, Stibnite is notable for containing the only identified reserve of antimony in the US. The mineral is critical to the defense, energy storage and advanced technology sectors.

While Stibnite is expected to be one of the country’s highest-grade open-pit gold mines, Perpetua also believes the asset will help reduce US dependence on foreign supply chains, particularly in light of Chinese export restrictions.

The site, located in Valley County, Idaho, has been inactive for decades. The company’s redevelopment plan includes extracting gold, silver and antimony, while undertaking comprehensive environmental remediation of the area.

Stibnite is projected to generate over US$1 billion, and will create an estimated 550 jobs during its operational phase.

Jon Cherry, president and CEO of Perpetua, described the approval as a key step in advancing to construction.

“This approval elevates the Stibnite Gold Project to an elite class of projects in America that have cleared (the National Environmental Policy Act),” he said in the company’s Monday (January 6) press release. “The Stibnite gold project can deliver decisive wins for our communities, the environment, the economy, and our national security.’

In addition to future development, Perpetua’s plan outlines the removal of old tailings, waste rock and other materials that have contributed to water quality issues in the area. Cascade Mayor Judy Nissula welcomed the project’s approval, citing its potential economic benefits and Perpetua’s engagement with the local community.

“These are the type of companies we want in Cascade and we look forward to Perpetua’s next chapter in our community now that they received a positive Final Record of Decision from the U.S. Forest Service,” she remarked.

Stibnite is expected to produce approximately 450,000 ounces of gold annually during its initial four years of operation, alongside additional antimony production. The project’s estimated antimony reserves are projected to meet about 35 percent of US annual demand for the critical mineral over the first six years of operation.

Antimony is listed by the US government as a critical mineral due to its use in munitions, batteries and flame retardants.

The approval process for Stibnite began in 2016, and the Forest Service issued a draft environmental impact statement (EIS) in 2020, followed by a supplemental draft EIS in 2022 and a final EIS in late 2024.

Perpetua Resources has secured funding through a technology investment agreement under the Defense Production Act, which allocates US$59.2 million to support construction readiness and permitting.

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

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Trudeau Resigns, Canadian and US Markets React

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Canadian markets showed mixed reactions following Prime Minister Justin Trudeau’s resignation.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) closed lower on Monday (January 6), while the Canadian dollar gained strength against the US dollar, reflecting diverging investor sentiment.

The index dropped by 142.14 points to settle at 24,995.93, marking a 0.57 percent decline from its starting point for the day. Meanwhile, the Canadian dollar rose to 69.7 cents US, reaching a near three week high.

Overall, the market’s performance was uneven across sectors. Eight of the 10 major sectors on the TSX experienced declines, with consumer staples seeing the most significant drop at 1.6 percent.

Gold wrapped up the day at the US$2,640 per ounce level, while copper futures climbed to US$4.16 per pound.

Energy stocks gained modestly, reflecting higher oil prices earlier in the day. West Texas Intermediate crude futures ultimately ended Monday at the US$73.50 per barrel level, while Brent crude finished around US$76.20 per barrel.

Meanwhile, the technology sector showed resilience, buoyed by the absence of further developments on the Canadian capital gains tax proposal introduced last year. The proposed tax changes, criticized by parts of the business community, remain stalled due to Trudeau’s resignation and the subsequent suspension of parliamentary activities.

South of the border, US markets demonstrated mixed results. The Dow Jones Industrial Average (INDEXDJX:.DJI) dipped by 25.57 points, closing at 42,706.56, while the S&P 500 (INDEXSP:.INX) gained 32.91 points to end at 5,975.38. The Nasdaq Composite (INDEXNASDAQ:.IXIC) rose by 243.3 points, driven by gains in large-cap technology stocks.

Microsoft’s (NASDAQ:MSFT) announcement of an US$80 billion investment in artificial intelligence infrastructure contributed to the Nasdaq’s rise, boosting semiconductor companies, including NVIDIA (NASDAQ:NVDA).

Trudeau resignation a result of ‘political infighting’

Trudeau’s decision to step down comes amid mounting pressure from within his party and declining public approval ahead of a Canadian federal election, which will be held later this year.

‘This country deserves a real choice in the next election, and it has become clear to me that if I’m having to fight internal battles, I cannot be the best option in that election,’ he said during a press conference on Monday.

Trudeau confirmed that he will remain in office until the Liberal Party selects a new leader. Parliament will be suspended until March 24, pending the leadership transition.

The news places Canada’s political landscape in limbo. While some analysts view the prospect of a Conservative-led government as a catalyst for more business-friendly policies, others see the interim period as a source of risk.

‘The (expected) change in government could usher in a policy agenda that stimulates economic growth,’ Ian Chong, portfolio manager at First Avenue Investment Counsel, told Reuters.

Sachit Mehra, president of the Liberal Party, confirmed that the party’s board of directors will convene this week to outline the leadership selection process. ‘Liberals across the country are immensely grateful to Justin Trudeau for more than a decade of leadership to our Party and the country,” he said in a statement.

Trudeau was elected to head the party in 2013 and won the role of prime minister in 2015. His leadership has spanned nine years, during which his government prioritized climate policy, social programs and pandemic response measures.

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

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Top 5 NASDAQ Cybersecurity Stocks in 2025

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Security is becoming a growing global concern, both online and off.

Diverse companies are stepping up to provide solutions for individuals and businesses, and some of them are seeing impressive share price gains as they meet increasing demand for consumer safety.

Emerging quantum computing technology is a rising source of concern for cybersecurity, as quantum computers may be able to break the cryptographic methods currently used for encryption.

1. SEALSQ (NASDAQ:LAES)

Year-over-year gain: 475.91 percent
Market cap: US$767.01 million
Share price: US$7.89

SEALSQ specializes in semiconductors, public key infrastructure and post-quantum technology. Its parent company is WISeKey International, another security technology company on this list. SEALQ is developing post-quantum cryptography methods that will be secure against threats from quantum computers. The company plans to launch its quantum-resistant hardware platform QS7001 in 2025.

After trading rather flat for much of 2024, SEALSQ has seen its share price really take off in the final weeks of the year and into the new year. The stock reached a yearly high of US$9.08 on December 27.

The company has reached a number of milestone events that have increased its value in the eyes of investors. In mid- December, SEALSQ announced several partnerships for its technology, including one with distributed ledger technology company Hedera, which will use the cybersecurity company’s quantum-resistant chips for long-term security of Hedera’s blockchain network.

The partners’ technology will also be a part of a January satellite launch with another WISeKey subidiary, WISeSat.Space, which is discussed further in the next entry.

2. WISeKey International Holding (NASDAQ:WKEY)

Company Profile

Year-over-year gain: 449.04 percent
Market cap: US$101 million
Share price: US$10.04

WISeKey International Holding is a global cybersecurity, artificial intelligence (AI), and Internet of Things (IoT) technology company.

WISeKey also traded sideways for most of 2024 before a seeing a substantial share price rally to close out the year. The stock hit a yearly high of US$13 on December 26.

Like its subsidiary SEALSQ, WISeKey made some important announcements in December that brought them to the attention of the marketplace. The company confirmed on December 13 that its subsidiary WISeSat.Space’s WISeSat satellites will be a part of the January 14, 2025, SpaceX satellite launch from the Vandenberg Space Force Base in California. The satellites are equipped with SEALSQ’s post-quantum chips and partner Hedera’s blockchain technology.

Early in 2025, WISeKey plans to bring to market its Quantum RootKey advanced cryptographic technology “designed to secure digital identities, systems, and communications against the imminent threat posed by quantum computing.”

3. Allot (NASDAQ:ALLT)

Year-over-year gain: 346.45 percent
Market cap: US$265.44 million
Share price: US$6.91

Allot offers network intelligence and security-as-a-service (SECaaS) solutions for service providers around the world. This includes network and application analytics, traffic control and shaping, and network-based security services.

Shares in Allot experienced a gradual rise over the past year before really heating up in the fourth quarter and into 2025. The stock’s yearly high of US$6.90 came on January 6.

In its Q3 2024 financial report, Allot highlighted revenues of US$23.2 million, up 5 percent over the previous quarter and up 3 percent year-over-year. This was led by growth in its SECaaS segment, which saw revenue of US$4.7 million, a 69 percent year-over-year jump.

In recent weeks, the company has inked service agreements with key broadband providers including Japan’s Asahi Net, Portugal’s MEO and British telecommunications firm Vodafone UK.

4. Arqit Quantum (NASDAQ:ARQQ)

Company Profile

Year-over-year gain: 258.14 percent
Market cap: US$480.03 million
Share price: US$38.30

Arqit Quantum is a quantum-safe encryption technology company that supplies an encryption platform-as-a-service “which makes the communications links of any networked device, cloud machine or data at rest secure against both current and future forms of attack on encryption – even from a quantum computer.”

After seeing a share price bump in the first quarter of 2024, Arqit’s stock traded on a gradual downward slope until the fourth quarter. The stock reached a yearly high of US$43.83 on December 26.

Arqit garnered the distinction of a 2024 International Data Corp (IDC) Innovator for post-quantum cryptography in September, joining one of only five vendors recognized by IDC for providing potential quantum cyberattack solutions.

In its 2024 fiscal year report ended 30 September, Arqit reported revenue of US$293,000. Heading into 2025, the company is set to begin revenue generation through a multi-year enterprise license contract with a government end user, with annual recurring revenue totaling seven figures.

5. OneSpan (NASDAQ:OSPN)

Year-over-year gain: 90.8 percent
Market cap:US$716.13 million
Share price: US$18.85

OneSpan is a cybersecurity company that provides security, identity, electronic signature and digital workflow solutions to secure digital agreements and business transactions. Its customers include global blue-chip enterprises and more than 60 percent of the world’s largest 100 banks.

OneSpan’s share price has climbed steadily upward over the past year to reach a yearly high of US$19.38 on December 16.

In October 2024, the company introduced a new phishing-resistant transaction security solution, VISION FX. It’s designed to “strengthen protection against phishing and account takeover threats (ATO), setting a standard for banking security.”

The following month, OneSpan announced a partnership with Ping Identity in which Ping Identity will offer OneSpan’s password-free authentication solutions through its partner program.

“By partnering with Ping Identity, we’re making it easier for organizations to leverage high assurance hardware-based authentication with Ping Identity’s market-leading identity management solutions,” said Giovanni Verhaeghe, OneSpan senior vice president of corporate and business development.

In its Q3 2024 financials report, OneSpan reported a subscription revenue increase of 29 percent year-over-year to US$33.6 million. Annual recurring revenue increased 9 percent year-over-year to US$163.9 million. Overall, total revenue was down 4 percent year-over-year to US$56.2 million. In mid-December, the company declared that a quarterly cash dividend of US$0.12 per share will be paid on February 14, 2025.

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

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Investing in Graphene Companies

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Graphene is often heralded as the “wonder material” of the 21st century, and investing in graphene companies offers investors exposure to a growing number of graphene applications across a diverse set of industries.

In terms of size, Grand View Research is forecasting that the global graphene market will grow at a compound annual growth rate of 35.1 percent between 2024 and 2030 to reach US$1.61 billion. The firm says that revenue for electronics industry applications will be a major contributor to the growth in demand for graphene.

Demand for graphene coatings and composites will come from the energy storage, aerospace and automotive industries industries, among others. Graphene coatings are used in batteries, conductors and generators to improve energy efficiency and performance, while lightweight graphene composites are being used in aircraft and automobiles.

According to Fortune Business Insights, the graphene market is mainly being driven by demand from the Asia-Pacific region, due in large part to favorable government policies, academic researching and increasing graphene investment. Rising demand from the automotive, marine, aerospace and defense industries in this region are also important factors.

For those interested in how to invest in graphene, here’s a look at seven publicly traded graphene companies making moves in the market today, based on research gleaned from intelligence firms Grand View Research and Fortune Business Insights.

These top graphene stocks are listed in alphabetical order, and all data was accurate as of September 25, 2024.

1. Black Swan Graphene (TSXV:SWAN)

Press ReleasesCompany Profile

Market cap: C$14.4 million

Black Swan Graphene describes itself as an emerging powerhouse in the bulk graphene business. UK-based global chemicals manufacturer Thomas Swan & Co. holds a 15 percent interest in Black Swan and brings a portfolio of patents and intellectual property related to graphene production. Through this partnership, Black Swan is building out a fully integrated supply chain from mine to graphene products.

Black Swan has launched a number of new graphene products in 2024, such as its GraphCore 01 family of graphene nanoplatelets products, which includes powders and polymer-ready masterbatches designed for the polymer industry.

In June, the company announced a commercial partnership with advanced materials engineering company Graphene Composites that will see Black Swan’s graphene used in the fabrication of GC Shield, a patented ballistic protection technology.

The following month, the company secured a distribution and sales agreement with UK-based manufacturer of plastic materials Broadway Colours. Under the agreement, Broadway will incorporate Black Swan’s graphene nanoplatelets in the manufacture of graphene enhanced masterbatches for plastic manufacturing.

2. CVD Equipment (NASDAQ:CVV)

Company Profile

Market cap: US$22.29 million

CVD Equipment produces chemical vapor deposition, gas control and other types of equipment and process solutions for developing and creating materials and coatings for a range of industrial applications, including aerospace engine components, medical implants, semiconductors, battery nanomaterials and solar cells.

CVD processing can be used to produce graphene and nanomaterials such as carbon nanotubes and silicon nanowires. Its PVT200 system is designed to grow silicon carbide crystals for the manufacture of 200 millimeter wafers. The company’s first half of the year saw orders worth US$16.9 million, up from US$15.8 million in the same period in 2023.

Orders from key customers included an order for its PVT200 system from a new customer as well as a multi-system order from an industrial customer for its silicone carbide CVD coating reactors.

3. Directa Plus (LSE:DCTA)

Company Profile

Market cap:GBP 16.7 million

Leading graphene nanoplatelet producer Directa Plus makes products designed for commercial applications such as textiles and composites. The Italy-based firm has developed a patented graphene material named G+ Graphene Plus, which is both portable and scalable. Directa Plus casts a wide net, even using its graphene for golf balls with the aim of improving users’ control and swings using elasticity.

Directa Plus inked in December 2023 what it called a ‘landmark agreement’ to acquire a proprietary system for preparing graphene compounds for market-ready battery and polymer applications, opening up two more potential markets for Directa Plus products.

In April 2024, the company announced the installation of its GiPave high-tech asphalt at the Imola Circuit for the Emilia-Romagna Grand Prix held in May 2024 as part of the Formula 1 World Championship. GiPave uses graphene and recycled plastics to create a cleaner, more sustainable asphalt product.

4. First Graphene (ASX:FGR,OTCQB:FGPHF)

Company Profile

Market cap: AU$31.22 million

First Graphene is an advanced materials company that has developed an environmentally sound method of converting ultra-high-grade graphite into the competitively priced, high-quality graphene in bulk quantities.

The firm is working with three Australian universities on developing graphene products and associated intellectual properties, including PureGRAPH, its graphene powder. First Graphene is vertically integrated, and applications for its products extend to fire retardancy, energy storage and concrete, among others.

In May, the company secured a distribution agreement with global distributor Bisley & Company. The agreement is initially for the Australian and New Zealand markets with the potential for additional markets. The five-year contract represents a significant milestone for the commercialization of First Graphene’s PureGRAPH material, according to the press release.

First Graphene joined a nine-member consortium in July to develop and commercialize lightweight impermeable cryogenic all-composite tanks for the safe storage and transport of liquid hydrogen. The next month, the company secured funding for a collaborative research project aimed at commercializing its Kainos technology for the production of ‘high-quality, battery-grade synthetic graphite and pristine graphene from petroleum feedstock using a scalable hydrodynamic cavitation manufacturing process.’

5. Haydale Graphene Industries (LSE:HAYD,OTC Pink:HDGHF)

Company Profile

Market cap: GBP 4.86 million

Through its subsidiaries, Haydale Graphene Industries designs, develops and commercializes advanced materials. The company has developed a patented proprietary and scalable plasma process that’s aimed at functionalizing graphene and other nanomaterials. Using the technology, Haydale is able to supply tailored solutions to both raw materials suppliers and product manufacturers.

Haydale has a partnership with the University of Manchester’s Graphene Engineering Innovation Centre (GEIC), through which it is researching and developing graphene-based innovations such as conductive ink heating applications for the automotive and future homes sectors.

In July, Haydale announced that a feasibility study has shown initial indications that Haydale’s plasma-functionalized graphene can capture carbon dioxide.

6. NanoXplore (TSXV:GRA,OTCQX:NNXPF)

Company Profile

Market cap: C$378.75 million

Established in 2011, NanoXplore is able to produce high volumes of graphene at affordable prices due to its unique and environmentally friendly production process. The company’s GrapheneBlack graphene powder can be used in plastic products to greatly increase their reusability and recyclability.

NanoXplore is also targeting lithium-ion batteries with its patented SiliconGraphene battery anode material solution, which employs GrapheneBlack as a coating agent around silicon to make a safer, more reliable cell. NanoXplore’s graphene products are also being used in internal combustion engine vehicles.

Earlier this year, as part of its five year strategic plan, NanoXplore increased the production capacity at its St-Clotilde, Québec plant. The capacity expansion will enable the company to meet increased demand for its graphene-enhanced composite products.

In its Q4 and full year 2024 financials, the company reported record total revenues of C$38.13 million for the quarter, up 14 percent from the same quarter in the previous year; and record total revenues of C$129.99 million for the full year, up 5 percent over its fiscal 2023.

8. Talga Group (ASX:TLG,OTC Pink:TLGRF)

Company Profile

Market cap: AU$154.35 million

Talga Group is a vertically integrated battery anode and materials company, mining its own graphite and producing anodes. It has operations in Sweden, Japan, Australia, Germany and the UK. The company also produces graphene additives for use by materials manufacturers in applications such as concrete, coatings, plastics and energy storage.

Talga has the Talphite and Talphene lines of graphene products, which include conductive additives for battery cathode and anode products, solid-state anodes and graphite recycling.

The company is currently undertaking a scoping study to assess expansion options at its Vittangi graphite project in Sweden in an effort to better address the global battery anode market.

Private graphene companies

The graphene stocks listed above are by no means the only graphene-focused companies. Investors interested in graphene would also do well to learn more about the private companies focused on graphene technology, including ACS Material, Advanced Graphene Products, Graphene Platform, Graphenea, Grafoid and Universal Matter.

FAQs for graphene

What is graphene?

Graphene is a single layer of carbon atoms arranged in a hexagonal lattice. First produced in 2004, when professors at England’s University of Manchester used Scotch tape to peel flakes of graphene off of graphite, the material is 200 times stronger than steel and thinner than a single sheet of paper. Graphene has many possible applications in various fields, such as batteries, sensors, solar panels, electronics, medical equipment and sports gear.

What are some good properties of graphene?

Graphene’s outstanding properties include high thermal and electrical conductivity, high elasticity and flexibility, high hardness and resistance, transparency and the ability to generate electricity via exposure to sunlight.

What is the difference between graphene and graphite?

Graphene and graphite are both allotropes of carbon, meaning they are structurally different forms of the same element. A key difference between them is that graphene is a single layer of graphite.

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

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Heritage Mining Appoints Thomas Reid CPA, CA to its Board of Directors

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(TheNewswire)

Heritage Mining Ltd.

VANCOUVER, BC TheNewswire – January 7, 2025 Heritage Mining Ltd. (CSE: HML FRA:Y66) (‘Heritage’ or the ‘Company’) is pleased to announce the appointment of Thomas Reid to the Company’s board of directors (the ‘Board’). Mr. Reid will be succeeding James Fairbairn, who has retired from the Board with immediate effect.

Mr. Reid recently retired after a 30 year career with Sun Life Financial (‘Sun Life’) include terms as CFO Canada and Head of Corporate Development. Since joining Sun Life Financial in 1994, Tom has held increasingly senior positions throughout Sun Life in the areas of Finance, Corporate Development, Public Relations and Investor Relations. From 2009 to 2020, Mr. Reid led the Group Retirement Services business at Sun Life, growing the assets under management from $30 billion to $130 billion in that time. For the last 4 years, Tom was responsible for the Strategy and Growth team for Sun Life in Canada, where his team led strategic planning for the Canadian businesses and explored how Sun Life can invest in new businesses to accelerate the Company’s growth in Canada. Mr. Reid also holds the CPA,CA designations.

‘I am excited to join Peter Schloo and the experienced team at Heritage Mining as we continue to develop the Company’s portfolio of projects in Ontario. Peter has consistently demonstrated an outstanding work ethic and approach to business and I have been a consistent supporter of Heritage as a result. I look forward to generating value for our stakeholders, 2025 will be an exciting chapter for us.’ Commented Thomas Reid, Director of Heritage.

‘ I am delighted to have Tom on the Heritage Mining Board of Directors. I’ve work under Tom in my past role at Sun Life driving improved operational efficiency through automations and coding in their Finance Department. Sun Life was a fantastic place to learn and add value.

I’d also like to thank Jim for his contributions as a Director and wish him all the best in his future endeavors. Jim was one of the first Directors in Heritage and has brought material value to our stakeholders.’ Commented Peter Schloo, President, CEO and Director of Heritage.

ABOUT HERITAGE MINING LTD.

The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.

For further information, please contact:

Heritage Mining Ltd.

Peter Schloo, CPA, CA, CFA

President, CEO and Director

Phone: (905) 505-0918

Email: peter@heritagemining.ca

FORWARD-LOOKING STATEMENTS

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘forecast’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘targeting’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’, ‘outlook’ and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company’s projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Copyright (c) 2025 TheNewswire – All rights reserved.

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Noble and Canada Nickel Announce Signing of Definitive Agreement for Creation of ExploreCo

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(TheNewswire)

Noble Mineral Exploration Inc.

Noble Mineral Exploration Inc. (‘ Noble ‘ or the ‘ Company ‘) (TSXV: NOB) (OTCQB: NLPXF) is pleased to announce that it has signed a Definitive Implementation Agreement with  Canada Nickel Company Inc. (‘Canada Nickel’) whereby Noble and Canada Nickel will spin-out certain mining claims (the ‘Properties’) into a new company to consolidate their interests in large tonnage, low grade nickel projects northeast of Timmins, Ontario

The terms and conditions of the Definitive Implementation Agreement between Canada Nickel and Noble include:

(i) The creation of a private exploration company described herein as ‘ExploreCo’, whereby Noble and Canada Nickel both transfer their interests in mining claims in Mann Township (the ‘Mann Property’)

(ii) The transfer from Noble to Canada Nickel of certain mining claims and the transfer from Canada Nickel to ExploreCo of certain mining claims east of Timmins,

(iii) Canada Nickel providing initial flowthrough and hard dollar funding of $5 million from existing cash on-hand to ExploreCo, to be directed to exploration of the properties transferred into ExploreCo. After this initial funding, ExploreCo will be owned 80% by Canada Nickel and 20% by Noble Mineral Exploration and each Company will be responsible for their pro-rata share of funding.

(iv) The transfer by Noble of the right to acquire certain surface rights over the Noble Project 81 area that includes Canada Nickel’s Crawford Project,

(v) The retention of underlying NSR and buy-back rights to Noble, Canada Nickel and any underlying NSR owners,

(vi) The retention of certain exploration rights by Noble on the transferred Project 81 claims and patents for non-nickel opportunities.

The transactions under the initial Binding Letter of Intent received conditional approval from the TSX Venture Exchange in early December 2024

As stated previously and commenting on the transaction Vance White, CEO of Noble said, ‘We felt that consolidating the eastern properties into a separate exploration company would maximize the value of the Mann Twp properties without incurring significant upfront dilution to Noble, and at the same time gain exposure to additional identified nickel sulphide targets in the Timmins camp in which Noble currently has no interest. ExploreCo will control ~1,989 mining claims totaling over 42,000 ha and will include Reaume, Mann and Newmarket Townships as well as McCool, Moody, Galna and other properties currently held by Canada Nickel. Noble will vend its interest in Project 81, together with the right to acquire surface rights over Project 81. For properties transferred from Noble to Canada Nickel, Noble will retain a 5-year exploration right to any non-nickel exploration target therein. This 5-year exploration right will be subject to an annual exploration right thereafter, upon both parties’ consent. Noble intends to use its best efforts so that -upon ExploreCo going public, a portion of Noble’s holdings in ExploreCo will be distributed to Noble shareholders in order that they may have a direct benefit as ExploreCo advances all underlying properties to the development stage, although that is a future event and we cannot provide any assurances that this will be done  We anticipate that resource estimates will be available on at least two of the projects in Q2 2025′.

The properties that would be held by ExploreCo include:

Figure 1 – Mann Northwest and Central – CNC Drillholes Over Total Magnetic Intensity.

`
Click Image To View Full Size

Figure 2 – NewMarket – CNCDrill Holes Over Total Magnetic Intensity


Click Image To View Full Size

Figure 3 – Newmarket – Mann Southeast targets


Click Image To View Full Size

Figure 4 – Moody, Mortimer, and Stimson Properties

  • Moody is located 85 km northeast of Timmins and was staked by Canada Nickel (1,940 ha)

    • Mistango River Mines (1964) and Utah Mines Ltd. (1984) drilled 34 diamond holes and several reverse circulation holes, respectively, but the results were either not provided on MLAS or the core was not recovered

    • The ultramafic is interpreted to have dimensions of 4.2 km long up to 700 metres wide

  • Mortimer is located 80 km northeast of Timmins and includes two ultramafic intrusions that cover a total distance of 10 km and was staked by Canada Nickel (2,732 ha)

    • The main intrusion has dimensions of 1.8 km long, up to 400 metres wide and has never been intersected by drilling

    • The secondary intrusion, although longer in strike extent, does not show the same high intensity in the TMI but does have three locally high responses within the intrusion, none of which appears to have been drilled

  • Stimson is located 82 km northeast of Timmins and encompasses a weakly magnetic ultramafic body having a strike length of at least 2 km and with a higher amplitude TMI of 400 metres long

    • The ultramafic is interpreted to be a more distal extension of more strongly magnetic ultramafics found in Mortimer and Moody Townships

Figure 5 – ExploreCo Properties


Click Image To View Full Size

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

The completion of any transactions mentioned in this release is subject to customary closing conditions, including final TSX Venture Exchange approval.

Qualified Persons and Data Verification

Stephen J. Balch P.Geo. (ON), VP Exploration of Canada Nickel and a ‘qualified person’ as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc.

Wayne Holmstead P.Geo (ON), a ‘qualified person’ as defined by National Instrument 43-101, has reviewed the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Noble.

About Noble Mineral Exploration Inc.

Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its holdings of securities in Canada Nickel Company Inc., Homeland Nickel Inc., Go Metals Corp. and MacDonald Mines Exploration Ltd., and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, will continue to hold ~1700 hectares in the Timmins area and ~175 hectares of mining claims in Central Newfoundland.  It will also hold its ~14,600 hectares in the Nagagami Carbonatite Complex and its ~4,600 hectares in the Boulder Project both near Hearst, Ontario, as well as ~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectares in the Havre St Pierre  Nickel, Copper, PGM property, and ~482 hectares in the Cere-Villebon Nickel, Copper, PGM property, all of which are in the province of Quebec. Noble’s common shares trade on the TSX Venture Exchange under the symbol ‘NOB.’

More detailed information on Noble is available on the website at www.noblemineralexploration.com .

About Canada Nickel Company

Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless-steel markets . Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel TM , NetZero Cobalt TM , NetZero Iron TM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. Canada Nickel’s common shares trade on the TSX Venture Exchange under the symbol ‘CNC.’

For more information, please visit www.canadanickel.com.

Cautionary Statement Concerning Forward-Looking Statements

The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators.  Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:

H. Vance White, President

Phone:        416-214-2250

Fax:        416-367-1954

Email: info@noblemineralexploration.com

Investor Relations

Email: ir@noblemineralexploration.com    

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Skyharbour Announces Additional Uranium Property Staking Increasing Total Portfolio to Over 614,000 Hectares in the Athabasca Basin, Saskatchewan

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Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (‘Skyharbour’ or the ‘Company’), is pleased to announce that it has acquired by low-cost staking 40 new prospective uranium exploration claims in Northern Saskatchewan, increasing Skyharbour’s total land package that it has ownership interest in to 614,353 ha (1,518,099 acres) across 36 projects. These new 100% owned claims add 62,690 ha to Skyharbour’s existing holdings in and around the Athabasca Basin, which is host to the highest-grade uranium deposits in the world and is consistently ranked as a top mining jurisdiction by the Fraser Institute. As the Company remains focused on its co-flagship Russell Lake and Moore projects, these new claims will become a part of Skyharbour’s prospect generator business as the Company will seek strategic partners to advance these assets.

Skyharbour’s New Uranium Project Portfolio Map:  
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-11-21_v2.jpg ‎

List of New Claims:

  • Foster Project – 11 additional contiguous claims totalling 14,890 ha
  • Horton Project – 3 new claims totalling 2,992 ha
  • Lynx Project – 2 new claims totalling 5,345 ha
  • Snowbird Project– 16 new claims totalling 29,712 ha
  • Pendleton Project – 3 new claims totalling 3,890 ha
  • Spence Project – 3 new claims totalling 2,419 ha
  • Orr Project – 1 new claim totalling 5,987 ha
  • Otter Project – 1 new claim totalling 4,838 ha

Summary of Recently Staked Properties:

Foster Project:

The drill-ready Foster property now consists of 26 claims totaling 21,252 hectares approximately 20 km east of Cameco’s Key Lake operation and adjoining the southwestern end of Skyharbour’s Falcon Project, currently optioned out to North Shore Uranium Ltd. The Foster claims are situated in the Wollaston Domain just outside of the currently mapped extent of the Athabasca Basin, with several small outliers of sandstone located regionally in the area. The basement geology consists of psammopelite, calc-silicate, diorite, pelitic gneiss and graphitic pelitic gneiss of the Daly Lake Group, accompanied by minor felsic orthogneisses.

Foster Project Map:  
https://www.skyharbourltd.com/_resources/images/Sky_Foster.jpg ‎

Skyharbour has acquired these claims both through staking and the acquisition of additional claims from Eagle Plains. The claims acquired from Eagle Plains host geology are favourable for uranium and REE mineralization, with two significant mineralized areas, including the Great Plains Showing and the Red October Zone. There are numerous untested coincident geochemical and geophysical anomalies, many of which are drill-ready, with significant encouraging exploration to date for pegmatite- and fault-hosted uranium mineralization. Exploration in the Eagle Lake area at these claims between 1969 and the early 1980s resulted in the discovery of the Great Plains Showing. Exploration programs, including diamond-drilling, intersected intense alteration and shearing and high Radon-222 values. Notably, pitchblende mineralization was discovered in veins associated with fault structures. However, despite recommendations for a comprehensive follow-up program, further work was never carried out due to changing uranium market fundamentals. Another mineralized zone, the Red October Zone, was discovered in 2008 by Eagle Plains and consists of a 400 m intermittent uranium and REE-mineralized outcrop within a 1 km coincident soil geochemical and ground magnetic anomaly. In 2012, the Red October Zone was drill-tested, with all six holes encountering anomalous uranium and REEs.

Across the broader property package, prospective graphitic pelitic gneiss packages are exposed at surface. In addition to the two previously mentioned zones, the Foster project contains several other uraniferous occurrences, which often also host elevated REEs and thorium, and with samples collected on the property returning up to 657 ppm U, 6,644 ppm TREE, and 344 ppm Th. Significant untested potential exists on the Foster project for basement-hosted, unconformity-related uranium (‘URU’) deposits, akin to those found further north in the Wollaston Domain (i.e. Eagle Point, Rabbit Lake, Key Lake and others), as well as for additional pegmatite-hosted uranium, thorium, and REE mineralization.

Skyharbour plans to seek a partner company to option and advance the Foster Project as a part of its prospect generator business. Eagle Plains will retain a 2% Net Smelter Return (‘NSR’) royalty, subject to reduction on certain claims by underlying NSR agreements.

Horton Project:

‎ The recently acquired Horton project consists of 3 claims totalling 2,922 ha, located approximately 34 km south of Cameco’s Rabbit Lake Operation, and 40 km southwest of the community of Wollaston Lake. The project lies just outside the Athabasca Basin, and is underlain by prospective Wollaston Supergroup metasedimentary rocks, including pelitic, psammopelitic, and graphitic pelitic gneisses similar to those hosting unconformity-related uranium mineralization at the nearby Eagle Point Deposit (Cameco’s Rabbit Lake operation).

Horton Project Map:  
https://www.skyharbourltd.com/_resources/images/Sky_Horton.jpg

The project has seen a limited amount of historical exploration with most of the work consisting of airborne and ground geophysical surveys in the late 1960’s and during the 1970’s. The only modern exploration work completed on the property was an airborne VLF-EM and magnetics survey which partially covered the property. One mineral occurrence is noted on the property, the Horton Island U-Th-bearing pegmatite (SMDI 1707). The entire property is prospective for basement-hosted unconformity-related uranium deposits as well as pegmatite-hosted U-Th-REE mineralization.

Lynx Project:

The Lynx property was recently acquired through staking and consists of two new claims totalling 5,345 ha located approximately 54 km south of Cameco’s Rabbit Lake Operation, with Highway 905 running along the eastern edge of the one claim, providing year-round easy access to the property. The project is located within 10 km of the edge of the Athabasca Basin within the Wollaston Domain and is underlain by the highly prospective Wollaston Supergroup metasedimentary rocks, including psammitic to psammopeltic, pelitic, and graphitic pelitic gneisses.

Lynx Project Map:  
https://www.skyharbourltd.com/_resources/images/Sky_Lynx.jpg

Several airborne and ground geophysical surveys were completed in the area between 1968 and 1979; however, no modern exploration work has been completed on the project. Despite its proximity to regional infrastructure, the project is an early-stage exploration project and remains prospective for basement-hosted URU mineralization.

Snowbird Project:

The Snowbird project consists of 16 new claims totalling 29,712 ha and is located about 35 km south of Cameco’s Centennial Deposit along the Virgin River Shear Zone. The claims are underlain by basement rocks of the Taltson and Mudjatik Domains, including Virgin Schist Group and Careen Lake Group metasedimentary gneisses, catalastites and mylonites of the Virgin River Shear Zone, and felsic gneisses, granitoids, amphibolites, and augen gneisses.

Snowbird Project Map:  
https://www.skyharbourltd.com/_resources/images/SKY_Snowbird.jpg

Several modern airborne geophysical surveys cover portions of the project with prospective EM conductors trending onto the property, but no modern ground geophysical surveys or diamond drilling have occurred on the project. The project is prospective for basement-hosted uranium mineralization, similar to that hosted at Cameco’s Centennial and Dufferin Lake Zones along trend to the north.

Orr Project:

The Orr project consists of one claim totalling 5,987 ha located in the northern Athabasca Basin approximately 46 km southeast of the community of Black Lake. The project is underlain by approximately 160 to 320 m of Athabasca Supergroup sandstones and conglomerates overlying Mudjatik Domain metasedimentary and granitoid gneisses. A series of discontinuous east-to-north-east trending EM conductors have been identified on the property, which are locally cross-cut by several NNW-trending regional faults.

Orr Project Map:  
https://www.skyharbourltd.com/_resources/images/Sky_Orr.jpg

The property has been covered by a variety of airborne and ground geophysical (including magnetics, EM, gravity, and radiometric surveys, with the most modern work consisting of airborne MEGATEM flown in 2006 and an airborne gravity survey in 2007 that covered the western portion of the property. The only drilling on the property consists of two drill holes, both of which were in the northeast corner of the property and intersected granitic rocks. The property remains prospective for both unconformity- and basement-hosted URU deposits.

Otter Project:

The Otter Project consists of one claim totalling 4,838 ha located in the northern Athabasca Basin approximately 41 km southeast of the community of Black Lake. The project is covered by Athabasca Supergroup sandstones and conglomerates overlying the Mudjatik Domain metasedimentary and granitic gneisses. Exploration work on the property includes airborne and ground EM and magnetics surveys and some prospecting and geochemical sampling. However, no drilling has been conducted on the Otter Project to date.

Otter Project Map:  
https://www.skyharbourltd.com/_resources/images/Sky_Otter.jpg

A 2007 MEGATEM survey covering the project showed the presence of strongly conductive rocks, potentially indicative of a graphitic fault zone cut by a NNW-trending magnetic dyke underlying the property, which remains untested by drilling. The property is prospective for both unconformity- and basement-hosted URU deposits.

Pendleton:

The Pendleton Project consists of three newly acquired mineral claims totalling 3,890 ha located approximately 70 km southeast of Cameco’s Key Lake Operation and 114 km northwest of the community of Southend. The Pendleton project lies along the Needle Falls Shear Zone in the eastern Wollaston Domain and Western Peter Lake Domain. It is underlain by the Wollaston Supergroup metasedimentary rocks, including psammopelitic, pelitic, and graphitic pelitic gneisses, as well as mylonitic and cataclastic rocks of the Needle Falls Shear zone and Archean granitoid gneisses, diorites, and gabbros of the Johnson River Inlier and Swan River Complex.

Pendleton Project Map:  
https://www.skyharbourltd.com/_resources/images/Sky_Pendleton.jpg

The initial exploration work on the project was conducted in the 1970s and 1980s, consisting of airborne magnetic, radiometric, and EM surveys, as well as prospecting and geochemical sampling. Additional modern exploration included an airborne GEOTEM survey in 2004, ground prospecting and geochemical sampling. A ground HLEM survey was conducted in 2007, followed by the drilling of a single drill hole, PL-003. This hole intersected faulted and sheared graphitic pelitic gneiss, which was anomalous in several pathfinder elements. The project is prospective for basement-hosted URU deposits as well as pegmatite-hosted U-Th-REE.

Spence:

The recently staked Spence property consists of 3 non-contiguous claims totalling 2,419 ha and is located approximately 75 to 85 km south of Cameco’s Rabbit Lake operation, with Highway 905 located within 1 km of the westernmost claims. The Spence project is underlain by Wollaston Supergroup metasedimentary gneisses, including psammopelitic to pelitic gneisses, graphitic pelitic gneisses adjacent to Archean granitic gneisses in the Eastern Wollaston Domain.

Spence Project Map:  
https://www.skyharbourltd.com/_resources/images/Sky_Spence.jpg

The project has seen significant historical exploration, including airborne EM, magnetics and radiometrics, as well as ground magnetics, EM, IP, and gravity surveys, and prospecting, geological mapping, and geochemical surveying in the 1960s to 1980s, with further exploration carried out in the mid-1990s. The historical exploration was predominantly focused on exploring SEDEX-style Pb-Zn mineralization following the discovery of the historic George Lake Pb-Zn Deposit adjacent to the property. However, the property is also considered highly prospective for unconformity-related uranium mineralization. The most recent work on the property included airborne EM (VTEM and VLF-EM), magnetics, and radiometrics surveys, flown in 2022 and 2023. The project is prospective for both SEDEX-style Pb-Zn and basement-hosted URU mineralization.

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by David Billard, P.Geo., a Consulting Geologist for Skyharbour as well as a Qualified Person.

*SMDI refers to the Saskatchewan Mineral Deposits Index and ‘AF’ refers to Saskatchewan Mineral Assessment File.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-six projects covering over 614,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization at the Maverick Zone that returned drill results of up to 6.0% U 3 O 8 over 5.9 metres, including 20.8% U 3 O 8 over 1.5 metres at a vertical depth of 265 metres. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is operator with joint-venture partner Rio Tinto. The project hosts several high-grade uranium drill intercepts over a large property area with robust exploration upside potential. The Company is actively advancing these projects through exploration and drill programs.

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; CSE-listed Medaro Mining Corp. at the Yurchison Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total over $41 million in partner-funded exploration expenditures, over $30 million worth of shares being issued, and over $22 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:  
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-11-21_v1.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

Skyharbour Resources Ltd.

‘Jordan Trimble’
__________________________________
Jordan Trimble
President and CEO

For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
‎Skyharbour Resources Ltd.
‎Telephone: 604-558-5847
‎Toll Free: 800-567-8181
‎Facsimile: 604-687-3119
‎Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Forward-Looking Information

This news release contains ‘forward‐looking information or statements’ within the meaning of applicable securities laws, which may include, without limitation, completing ongoing and planned work on its projects including drilling and the expected timing of such work programs, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of uranium and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law. 



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Bitcoin Well Releases Direct Deposit Feature on the Bitcoin Portal for USA Customers

						
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 (TheNewswire) 








Bitcoin Well Inc.

















Edmonton, Alberta TheNewswire – January 7, 2025 Bitcoin Well Inc. (‘ Bitcoin Well ‘ or the ‘ Company ‘) ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces Direct Deposit for USA Customers which enables the ability to deposit paychecks and other third party payments directly to Bitcoin Well.



 Effective immediately, Bitcoin Well customers in the USA will have the ability to deposit paychecks or third party payments into their Bitcoin Well account. They can predetermine the percentage they would like converted into bitcoin and sent directly to their personal bitcoin wallets (AKA self custody). 



 ‘Bitcoin Well customers can now be paid directly in bitcoin!’ said Adam O’Brien, founder and CEO of the Company. ‘We are bridging the gap between the capabilities of the existing financial system and our customer’s desire to live on a bitcoin standard. Our mission to enable independence is only possible when bitcoin in self custody is as easy to use as money in your bank. Today, we are one step closer to that reality. Bitcoin Well is the platform for anybody who wants to live on a bitcoin standard.’ 


 Any funds not used to buy bitcoin will be deposited into the customer’s Bitcoin Well Cash account which can be withdrawn to an external bank, or used to buy bitcoin instantly at a later date. 


 About Bitcoin Well


Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission. 


 Join our  investor community  and follow us on  Nostr  ,  ,  and  to keep up to date with our business. 


Bitcoin Well contact information 


 To book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link:  https://bitcoinwell.com/meet-adam 


 For additional investor & media information, please contact: 


 Adam O’Brien 


 Tel: 1 888 711 3866 


 ir@bitcoinwell.com 


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


 Forward-looking information 


 Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as ‘anticipate’, ‘plan’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘should’, or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well’s business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well’s annual information form and management’s discussion and analysis for the year ended December 31, 2023. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well’s expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation. 


 Copyright (c) 2025 TheNewswire – All rights reserved. 






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