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Dynasty Gold Continues to Hit Multiple High-Grade Intercepts up to 24.53 g/t Gold over a Broad Mineralized Zone in July 2024 Drilling at Thundercloud

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Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) (‘Dynasty’ or the ‘Company’) is pleased to release assay results for the initial phase of the 2024 drill program comprising 2,198 meters for its Thundercloud property. Thundercloud is located in the Archean Manitou-Stormy Lakes Greenstone belt, 47 kilometers southeast of Dryden in northwestern Ontario.

Drilling was designed to test the extensions for the eastern and western limits of the defined mineralization. It has successfully intersected high-grade gold mineralization of 5.13 g/t over 18 meters from 97.5m to 115.5m, including 9.3 g/t over 4.5 meters and numerous 5 to 8+ g/t over 1.5m in TC24-02 (30 meters additional assay results are pending). Results confirm the high-grade mineralization that was discovered in 2022 and 2023 (see Figure 1) extending to the east of Pelham with consistent high grade running between 5 to 8+ g/t and to up to 24.53 g/t, intercepting from less than 100 meters below surface. It remains open at depth. Most holes were shallow within 200 meters of surface. Drilling also intersected broad zones of lower grade mineralization from 25 meters below surface with intercepts between 50 and 136 meters in length for grades up to 1.73 g/t (see Table 1).

‘Since our first drill program on Thundercloud in 2022, July of 2024 drilling continued to intersect broad zones of near-surface mineralization with extensive high-grade intervals in most holes. This demonstrates the richness of the gold system on the property for potentially high-grade and bulk-tonnage mineralization,’ commented Ivy Chong, President and CEO. ‘During the fall exploration program, we will continue to drill to expand Pelham Resource along strike and at depth, simultaneously expand our footprint to the remaining untested 90% of the property.’

Table 1. Drill Intercepts Highlights from July 2024 Drilling

Hole NumberEast_NAD83North_NAD83From (m)To (m)Interval (m)Au (g/t)TC24-02534280.0005471386.00048.012072.01.73Including:67.512052.52.3097.5115.518.05.1397.5991.56.1199100.51.58.12100.51021.510.62102103.51.51.56103.51051.55.15105106.51.54.13106.51081.55.39108109.51.54.89And109.5114.04.59.30Including:109.51111.58.82111112.51.58.43112.51141.524.53And:114115.51.54.55115.51171.54.31117118.51.52.81118.51201.51.38120150 Results PendingTC24-04534186.0005471437.000142.5201.058.51.01Including:166.5178.512.03.0166.51681.51.23168169.51.50.31And169.5175.56.05.20Including:169.51711.513.29171172.51.51.70172.51741.58.73174175.51.57.61And:175.51771.51.88177178.51.51.28TC24-11534274.3595471464.32113521681.00.61Including:196.520710.502.44196.51981.506.23198199.51.500.12199.52011.500.87And2012076.03.07Including:201202.51.503.56202.52041.505.54204205.51.503.89TC24-13534089.9205471410.95682.5219.0136.50.58Including:90106.516.51.7693963.04.119091.51.501.7291.5931.502.279394.51.505.6094.5961.506.699697.51.503.2697.5991.501.0199100.51.503.24100.51021.501.86102103.51.501.27103.51051.500.13105106.51.502.01TC24-14534106.8655471343.65925.57852.50.51Including49.558.59.01.25

 

Recovery rate is close to 100%.

Figure 1. Cross-Section Through Central Pelham Zone Looking to the Northeast (black color is core not assayed)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7227/224199_f75b5bc714404baf_001full.jpg

The results establish the continuity of mineralization at Pelham over a tested strike length of 450m and vertical extent of 150 to 200m, remaining untested below that. Three exploration holes were drilled 300m to the west of Pelham in an area with abundant historic exploration pits and historic drilling with reported intercepts as high as 30.6 g/t gold over 0.77m (86-PL-06). No significant mineralization was intersected in these holes, probably due to their location within footwall of the north dipping mineralization.

Dynasty will soon announce details for its fall drill program. The Company is well funded for its 2024 and 2025 exploration programs.

Quality Assurance & Quality Control

Core was logged and sample intervals selected in Dynasty’s core shack in Dryden, Ontario. It was securely transported, and diamond sawed in the presence of the Company’s consulting geologist, and personally delivered to the ALS Global Geochemistry Laboratory in Winnipeg, Manitoba. Dynasty used ALS Global for Au-AA23 gold fire assays and the ME-ICP61 33 multi-elements packages for the minor element analyses. OREAS standards, blanks and duplicates were inserted into the sample stream to check on the comparative accuracy of the gold assays received. Gold fire assays and 4-acid-dissolution geochem analyses were conducted on the samples at the ALS Global Geochemistry Laboratory in Vancouver, B.C., and all gold values higher than 10 g/t were re-assayed by using Au-GRA21 gravimetric fire assays.

The technical content of this release has been reviewed and approved by E. Max Baker Ph.D. (F.AusIMM), Technical Director of the Company and a ‘Qualified Person’ (‘QP’) as defined in National Instrument 43- 101 – Standards of Disclosure for Mineral Projects.

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian mineral exploration company currently focused on gold exploration in North America with projects located in the Manitou-Stormy Lake greenstone belt in Ontario and the Midas gold camp in Nevada. The Company is currently advancing its Thundercloud gold resource in northwest Ontario as outlined in a NI 43-101 Independent Technical Report, dated Sept. 27, 2021, that can be found on the Company and SEDAR websites. The 100% owned Golden Repeat gold project in the Midas gold camp in Elko County, Nevada, is surrounded by a number of large-scale operating mines. For more information, visit the Company website www.dynastygoldcorp.com.

ON BEHALF OF THE BOARD OF Dynasty Gold Corp.

‘Ivy Chong’_____________
Ivy Chong, President & CEO

For additional information please contact:

Vancouver Office:
Ivy Chong
Phone: 604.633.2100. Email: ichong@dynastygoldcorp.com

This press release contains certain ‘forward-looking statements’ that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224199

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Pinnacle Silver and Gold Provides Corporate Update and Grants Incentive Stock Options

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(TheNewswire)

Mexico is the largest silver producing country in the world and has more primary silver mines than any other country.  Peru is the third largest silver producer and has the largest silver reserves and resources of any country.

Many projects have already been reviewed and due diligence is being conducted on select opportunities, including site visits, and management is encouraged by the quality of assets that are potentially available for acquisition.  The focus is on high-grade underground targets, especially in Mexico where there remains some uncertainty regarding open pit mining.

‘With the gold price now hitting all-time records on a regular basis and the silver price breaking through $30/ounce once again, now is a great time to lay the foundation for a new precious metals focused company ,’ stated Robert Archer, Pinnacle President & CEO.  ‘If successful, the addition of a high-quality asset in Mexico or Peru would significantly enhance our existing portfolio of gold projects in the Red Lake District of Ontario.’

Depending upon the nature of a successful acquisition, management will determine whether to conduct further exploration in Ontario this year or defer that to next spring, while initiating field work on a new project.  Shareholders will be updated accordingly.

Stock Option Grant

Pinnacle has granted an aggregate of 3,500,000 incentive stock options to certain directors, officers, employees and consultants of the Company, pursuant to the Company’s Stock Option Plan and subject to TSXV approval, at a price of $0.05 and expiring on September 23, 2029.

Qualified Person

Mr. Robert A. Archer, P. Geo, a Qualified Person as defined by National Instrument 43-101, and the President and CEO of the Company, has reviewed, verified and approved for disclosure the technical information contained in this news release.

About Pinnacle Silver and Gold Corp.

  Pinnacle is currently focused on district-scale exploration for precious metals in the prolific Red Lake District of northwestern Ontario.  The past-producing high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch Project offers additional blue-sky potential. Pinnacle is also actively looking for other district-scale opportunities in the Americas, with a particular focus on silver and gold.  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 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) 2024 TheNewswire – All rights reserved.

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WESTERN COPPER AND GOLD WELCOMES FEDERAL FUNDING FOR B.C.-YUKON GRID CONNECT PROJECT

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 western copper and gold corporation (‘Western’ or the ‘Company’) (TSX: WRN) (NYSE American: WRN) welcomes the recent announcement by Natural Resources Canada (‘NRCan’), conditionally approving C$40 million in federal funding to undertake pre-feasibility activities to advance a high-voltage transmission line network connecting the Yukon electrical grid to the North American grid in British Columbia . This funding would be provided through the Critical Minerals Infrastructure Fund (‘CMIF’).

The announcement was made on September 20, 2024 , by the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, with the Honourable Josie Osborne, British Columbia’s Minister of Energy, Mines and Low Carbon Innovation, and the Honourable Ranj Pillai, Premier of the Yukon .

The government announcement stresses the importance of investments in critical minerals infrastructure to enable Canada to seize the generational opportunity to transition to a low-carbon economy and capitalize on the country’s rich mineral resources.

As discussions around the grid connection evolve, the Casino Copper-Gold Project’s (‘ Casino ‘ or the ‘Project’) future energy demand could play an important role in shaping strategic investments that enhance connectivity, providing lasting benefits for the Yukon and its communities.

Sandeep Singh , Chief Executive Officer, stated: ‘This is a meaningful step toward advancing much-needed energy infrastructure in the Yukon , with potential to support Canada’s broader focus on improving the environmental performance and sustainability of critical mineral development.

While Casino ‘s feasibility study demonstrates a highly viable project using liquefied natural gas power, a potential future pathway to hydro grid power would be transformative, allowing the Project’s critical minerals to be produced while minimizing its carbon footprint.’

NRCan’s full announcement can be found at https://www.canada.ca/en/natural-resources-canada/news/2024/09/canada-announces-significant-funding-to-unlock-more-critical-minerals-development-in-northern-british-columbia-and-the-yukon.html .

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada’s premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

‘Sandeep Singh’

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western’s operations in future periods. Statements that are not historical fact are ‘forward-looking statements’ as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and ‘forward-looking information’ as that term is defined in National Instrument 51-102 (‘NI 51-102’) of the Canadian Securities Administrators (collectively, ‘forward-looking statements’). Certain forward-looking information should also be considered future-oriented financial information (‘FOFI’) as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management’s expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’ and similar expressions, or statements that events, conditions or results ‘will’, ‘may’, ‘could’ or ‘should’ occur or be achieved. These forward-looking statements may include, but are not limited to, statements regarding: mineral resource and reserve estimation; mine plan and operations; internal rate of return; sensitivities; net present value; potential recoveries; design parameters; economic potential; processing mineralized material; the potential of robust economics at Casino ; advancing the Project through additional engineering and towards the next step in permitting and submission of an environmental and socio-economic effects statement; key changes to the TMF design; increases to the gold recovery in the heap leach; potential economic returns from the Project; estimated initial capital investment costs; estimated operating costs; estimated mining costs; development of the airstrip and all weather access road; anticipated concentrate handling service charges; developing and operating the Project in a safe, ethical and socially-responsible manner; plans for further development and securing the required permits and licenses for further studies to consider operation; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western’s AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly 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 as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-gold-welcomes-federal-funding-for-bc-yukon-grid-connect-project-302254996.html

SOURCE western copper and gold corporation

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Heritage Mining Announces Partnership with Altitude Capital Consultants Inc. and Non-Brokered Private Placement

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(TheNewswire)

VANCOUVER, BC, September 23, 2024 Heritage Mining Ltd. (CSE: HML FRA:Y66) (‘ Heritage ‘ or the ‘ Company ‘) is pleased to announce the engagement with Altitude Capital Consultants Inc. (‘ Altitude ‘). This strategic partnership aims to enhance the Company’s market presence by providing capital market advice in respect of potential capital market strategies as it relates to all future financings and by reviewing and analyzing strategic opportunities for the Company. Heritage is also pleased to announce a Non-Brokered Private placement up to C$1.313M to fund its upcoming exploration program and working capital.

Michael Wekerle’s Altitude is coming together with Gene McBurney’s ECM Advisors to offer extensive expertise to junior miners poised for success. Together, they represent a significant opportunity for emerging mining companies equipped with promising properties and the vision to thrive in today’s evolving landscape.

Michael Wekerle and Gene McBurney are industry veterans whose insights and experience span decades. During their time at Griffiths McBurney Partnership (GMP) established a track record of navigating the complexities of the mining sector, understanding market dynamics, and identifying opportunities that can transform junior miners into market leaders. By sharing their knowledge, they empower these companies to make informed decisions, reduce risks, and enhance their operational strategies. This collaboration represents a significant opportunity for emerging mining companies equipped with promising properties and the vision to thrive in today’s evolving landscape.

‘Heritage is undeniably looking in the right place for a significant discovery in mineral-rich Northwestern Ontario. The region’s geological potential is immense, and both the Drayton Black Lake, Contact Bay and Scattergood projects hold the promise of uncovering valuable and key mineral resources.

With the right approach and support, Heritage Mining Ontario Project Portfolio could yield literally tons of mineral wealth. The geological formations in this area are known for their rich deposits, and I believe Heritage Mining is on the verge of something truly transformative. Their commitment and strategic vision make them well-positioned to capitalize on this opportunity.’ Commented Michael Wekerle, Managing Director, Altitude Capital.

‘We are thrilled to welcome both Altitude Capital Advisory and ECM Advisors as strategic partners. Michael Wekerle and Gene McBurney bring a wealth of expertise in supporting junior exploration companies, and their involvement comes at an ideal time as we advance our programs in Northwestern Ontario. With record gold prices and increasing interest in new discoveries, this partnership strengthens our ability to navigate the complexities of exploration and capitalize on the immense potential of our Ontario projects. Additionally, we already have supporting interest for approximately C$250,000, including contributions from Altitude Capital, existing insiders, institutions, and high-net-worth individuals. Their confidence in our strategy further solidifies our path forward as we unlock value for our shareholders.’ Commented Peter Schloo, President, CEO, and Director of Heritage.

Heritage will be compensating Altitude with an advisory fee of $10,000 per month for 12 months, totaling $120,000.

In addition, Heritage will grant Altitude 3,000,000 share purchase options at an exercise price of $0.075 per share.

Non-Brokered Private Placement

Pursuant to the Offering, the Company intends to issue up to:

10,000,000 units (‘ Units ‘) of the Company at a price of $0.05 per Unit, for aggregate gross proceeds of up to $500,000 (the ‘ Offering ‘).

16,260,000 Flow-Through Shares (‘FT Shares’) of the Company at a price of 0.05 per FT Share, for aggregate proceeds of up to $813,000 (the ‘ Offering ‘)

Each Unit will consist of one common share in the capital of the Company (‘ Common Share ‘) and one Common Share purchase warrant (each whole Common Share purchase warrant, a ‘ Warrant ‘).

Each FT Share will consist of one common share in the capital of the Company (‘ Common Share ‘).

Each Warrant will entitle the holder to acquire one Common Share (each, a ‘ Warrant Share ‘) at an exercise price of $0.10 per Warrant Share until 4:30 pm (Pacific Standard time) on that date that is 36 months from the closing date of the Offering (the ‘ Expiry Time ‘).

The Warrants are subject to an accelerated expiry option whereby the Company can trigger an accelerated 30- day expiry of the Warrants if the closing price of the Company’s Common Shares listed on the Canadian Securities Exchange (the ‘ CSE ‘) remain higher than $1.00 for 10 consecutive trading days. On the 10th consecutive trading day above $1.00 (the ‘ Acceleration Trigger Date ‘), the Expiry Time may be accelerated to 30 trading days after the Acceleration Trigger Date by the issuance of a news release announcing such acceleration, within two trading days of the Acceleration Trigger Date.

Closing of the Offering is expected to occur as soon as practicable and prior to October 7, 2024 and is subject to all customary approvals. Proceeds of the Offering will be used to fund the Company’s planned exploration and drilling programs on its Drayton-Black Lake Project and Contact Bay, in addition to general working capital. The securities issued pursuant to the Offering will be subject to a four month hold period under applicable securities laws. In connection with the Offering, certain finders may receive a cash fee and/or non-transferable finder warrants.

A Finder’s Fee equal to 6% cash and compensation warrant (the ‘ Compensation Warrant ‘) equal to 6% of the number of Units or FT Shares, as applicable, issued pursuant to the Offering may be payable on certain orders in accordance with CSE rules. Each Compensation Warrant will entitle the holder to acquire one Common

Share of the Company at an exercise price of $0.05, for a period of 36 months

following the Closing Date.

‘We are immensely grateful for the unwavering support from current institutional holders, existing and newly welcomed stakeholders Altitude and ECM both on market and in the private placement. The alignment of our collective vision has been a driving force, and we look forward to the positive impact this will have on our future endeavors. With everyone’s support, we anticipate a quick and successful closure.’ Commented Peter Schloo, President, CEO and Director.

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, Contact Bay and Scattergood projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . The 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) 2024 TheNewswire – All rights reserved.

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Top 5 Canadian Mining Stocks This Week: Gold Stocks Surge as Price Strength Continues

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The S&P/TSX Venture Composite Index (INDEXTSI:JX) gained 35.21 points this week to close at 580.43. Meanwhile, the S&P/TSX Composite Index (INDEXTSI:OSPTX) was up 787.22 points to finish the week at 23,568.65.

Statistics Canada released August’s consumer price index (CPI) on Tuesday (September 17). The report indicated that inflation had increased 2 percent on an annualized basis, down from the 2.5 percent annual increase seen in July. August’s annual CPI marked the smallest increase since February 2021, when inflation was at 1.1 percent.

Month-on-month, CPI was down 0.2 percent in August after increasing 0.4 percent the prior month.

The slower pace was attributed to a decline in gasoline prices, which fell 5.1 percent on a yearly basis and 2.6 percent on a monthly basis. While mortgage interest costs are a large contributor to the CPI’s gains, August’s data showed they are slowing as well, with an 18.1 percent year-over-year gain compared to its 30.9 percent peak in August 2023.

South of the border, the US Federal Reserve announced a 50 point rate cut on Wednesday (September 18) as it shifts its focus away from inflation toward the labor side of the Fed’s dual mandate.

In his remarks following the decision, Fed Chair Jerome Powell said the US economy has come into balance, and that the cut puts the central bank in a good position to respond to changes to inflation or the labor market.

Powell added that he is encouraged by inflation easing toward the 2 percent target, but stressed that more data will be needed to demonstrate inflation is moving sustainably within the target range.

Following the announcement, US indexes spiked, but were highly volatile, and ultimately ended Wednesday largely flat. However, markets opened on Thursday significantly higher and experienced more stability throughout the day.

Between the close of trading on Wednesday and Thursday, the S&P 500 (INDEXSP:INX) gained 1.72 percent to 5,713.65, the Nasdaq 100 (INDEXNASDAQ:NDX) jumped 2.55 percent to 19,838.94 and the Dow Jones Industrial Average (INDEXDJX:.DJI) increased 1.24 percent to 42,024.7.

Gold and silver saw large gains shortly after the Fed meeting, but also saw high volatility — their gains were erased by the end of Wednesday. Like equity markets, the metals saw more stability and gains on Thursday, with gold gaining 1.16 percent to reach US$2,588.44 per ounce, and silver surging 2.48 percent to hit US$30.80 per ounce as of 4:00 p.m. EDT.

More broadly, the S&P GSCI (INDEXSP:SPGSCI) gained 1.03 percent on Thursday to close at US$534.

The metals soared even higher on Friday (September 20) as gold set a new intraday high of US$2,625.46 and a closing high of US$2,622.12. Silver moved as high as US$31.39 before closing at US$31.20.

How has this week’s news impacted Canadian resource stocks? Here are the top five gainers on the TSX and TSX Venture Exchange as of the end of trading on Thursday.

1. Big Ridge Gold (TSXV:BRAU)

Press ReleasesCompany Profile

Weekly gain: 72.73 percent; market cap: C$15.88 million; share price: C$0.10

Big Ridge Gold is an exploration company that has spent much of 2024 working to advance its flagship Hope Brook gold project in Newfoundland and Labrador, Canada.

Located on the southwest coast of the island of Newfoundland, the site consists of 1,003 claims in 5 licenses over 25,075 hectares. It has hosted historic mining operations between 1987 and 1997 and produced 752,163 ounces of gold.

The most recent mineral resource estimate, released in April 2023, showed indicated resources of 1.21 million ounces of gold with an average grading of 2.32 grams per metric ton (g/t), with additional inferred resources of 231,000 ounces with an average grading of 3.24 g/t gold.

On March 28, the company announced it had increased its ownership stake in the project from 51 percent to 80 percent after it issued 10 million common shares to First Mining Gold (TSX:FF,OTCQX:FFMGF) as part of its April 2021 earn in agreement. First Mining will retain the remaining 20 percent in the property until Big Ridge completes a feasibility study on the project.

Big Ridge released its most recent news for Hope Brook in July, when it announced its 2024 work program.

2. Almaden Minerals (NYSE:AAU)

Press ReleasesCompany Profile

Weekly gain: 60 percent; market cap: C$10.98 million; share price: C$0.08

Almaden Minerals is a precious metals exploration company working to advance the Ixtaca gold and silver deposit in Puebla, Mexico. According to the company website, the deposit was discovered by Almaden’s team in 2010 and has seen more than 200,000 meters of drilling across 500 holes.

A July 2018 mineral resource estimate shows measured resources of 862,000 ounces of gold and 50.59 million ounces of silver from 43.38 million metric tons of ore, and indicated resources of 1.15 million ounces of gold and 58.87 million ounces of silver from 80.76 million metric tons of ore with a 0.3 g/t cutoff.

In February 2022, Mexico’s Supreme Court of Justice (SCJN) ruled that the initial licenses issued in 2002 and 2003 would be reverted back to application status after the court found there had been insufficient consultation when the licenses were originally assigned.

Ultimately, the applications were denied in February 2023, effectively halting progress on the Ixtaca project. While subsequent court cases have preserved Almaden’s mineral rights, it has yet to restore the licenses to continue work on the project.

The most recent update on the state of the company’s licenses came on June 27, when it announced it had confirmed up to US$9.5 million in litigation financing that will be used to fund international arbitrations proceedings against Mexico under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

3. Prairie Provident Resources (TSX:PPR)

Weekly gain: 50 percent; market cap: C$39.39 million; share price: C$0.045

Prairie Provident Resources is an oil and gas exploration, development and production company with assets throughout Alberta, Canada.

According to an August 13 management discussion and analysis for the first six months of 2024, the company reported an average daily production of 2,341 barrels of oil equivalent, a sharp decline from the 3,648 barrels of oil equivalent during the same period in 2023.

The company attributes this decline to the sale of its Evi property in Northern Alberta, as well as well servicing and natural declines.

Prairie Provident’s share price has seen a recent boost following news on September 13 that it had entered into an agreement to extend the maturity of its senior secured credit facility to March 31, 2026. It also announced a C$13.2 million rights offering, with C$11.6 million of committed funding coming from Prairie Provident’s largest shareholder, PCEP Canadian Holdco, and an additional C$400,000 from Prairie’s directors and management.

The company said it will use proceeds to fund the drilling of at least two wells in the Basal Quartz formation before the end of 2024, along with workovers of existing wells to improve productivity.

4. Serabi Gold (TSX:SBI)

Press ReleasesCompany Profile

Weekly gain: 35.71 percent; market cap: C$114.66 million; share price: C$1.90

Serabi Gold is a gold producer and explorer that owns the Palito mining complex and the Coringa gold mine in Northern Brazil.

In the company’s Q2 production results and operational highlights released on July 17, Serabi reported that it had produced 18,101 ounces of gold during the first six months of the year, an increase over the 16,523 ounces produced during the same period in 2023. On a per-mine basis, Palito produced 9,386 ounces of gold while Coringa produced 8,623 ounces.

The gold company maintained its production guidance for 2024 at 38,000 to 40,000 ounces of gold.

In its most recent operational update on September 9, Serabi reported that upgrades at Coringa were on schedule and on budget with the ore sorter having been delivered and the ground works for the installation of the crushing plant progressing well.

Additionally, the company reported results from a 3,500 meter surface drill program at Palito targeting a southern step-out extension at the G3 vein. The returned assays included a highlight intercept of 20.47 g/t gold over 3.15 meters, including 43.72 g/t gold over 1.45 meters.

5. Roscan Gold (TSXV:ROS)

Press ReleasesCompany Profile

Weekly gain: 33.33 percent; market cap: C$41.28 million; share price: C$0.10

Roscan Gold is an exploration and development company working to advance its Kandiole project in the Republic of Mali. The company’s permits cover an area of 288.8 square kilometers and host several mineralized targets.

The company hasn’t made any exploration announcements in 2024, but has continued to raise funding. The most recent news came on September 11 when Roscan announced it had been approved by the TSX Venture exchange to extend the maturity date of its promissory notes of C$1 million.

In the release, the company also announced it intends to complete a non-brokered private placement with company director Michael Gentile for C$300,000.

On Monday, September 16, Roscan announced changes to its board of directors, with Nana Sangmuah being appointed as executive chairman and Rahul Paul being appointed to the board.

FAQs for TSXV stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, while the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many companies are listed on the TSXV?

As of June 2024, there were 1,630 companies listed on the TSXV, 925 of which were mining companies. Comparatively, the TSX was home to 1,806 companies, with 188 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Data for this 5 Top Canadian Mining Stocks article was retrieved at 1:00 p.m PST on September 13, 2024, using TradingView’s stock screener. Only companies trading on the TSX and TSXV with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

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BHP Contributes C$250,000 for Conservation of Saskatchewan’s Meewasin Valley

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Commodities giant BHP (ASX:BHP,NYSE:BHP,LSE:BHP) announced on Wednesday (September 18) that it will partner with the Meewasin Valley Authority on efforts to conserve the Meewasin Valley.

Located in Saskatchewan, Canada, the Meewasin Valley is one of the country’s most important natural landscapes.

BHP said it will contribute a total of C$250,000 to the conservation efforts, adding that the funds will allow the Meewasin Valley Authority to plant an additional 5,000 native trees, shrubs and grasses per year.

The money will also assist in the restoration of 5 million square metres of land, which aligns with the group’s aim of protecting and restoring the valley through conservation grazing, prescribed burns and removal of invasive species.

The Meewasin Valley is home to scenic trails, parks and wildlife habitats along the South Saskatchewan River. The province also houses BHP’s Jansen project, which is a development-stage potash asset.

“BHP’s contribution allows us to expand our restoration efforts and do more to protect this incredible natural resource. We’re thrilled to be able to strengthen our programs and engage the community in ensuring the valley’s health for generations to come,” said Andrea Lafond, CEO of the Meewasin Valley Authority, in this week’s release.

According to BHP, the contribution aligns with its “Healthy Environment” pillar, which is one of the six core areas that informs the major mining company’s social investment strategy.

“Our shared goal is to ensure that the valley remains a vibrant and healthy ecosystem that future generations can enjoy,” said Simon Thomas, BHP’s vice president of projects, potash.

The funding will assist with the Meewasin Valley Authority’s volunteer programs too. These bring thousands of people into the valley and educate them on sustainability practices while immersing them in hands-on conservation activities.

The Meewasin Valley Authority is a non-profit organisation that has dedicated its efforts to the development of the Meewasin Valley. Its programs include providing leadership in the management and allocation of the valley’s resources.

Valley planning is led by Raymond Moriyama’s 100 year plan, which touches on educational and research opportunities, cultural arts advancement, nature conservation, recreational improvements and development of rural-urban relations.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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Global AI Safety Network to Address Opportunities and Challenges at Inaugural Meeting

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The US Department of Commerce and US Department of State have announced the inaugural meeting of the International Network of AI Safety Institutes, scheduled for November 20 to 21, 2024, in San Francisco.

This global network aims to foster international cooperation on artificial intelligence (AI) safety.

First introduced by US Secretary of Commerce Gina Raimondo at the AI Seoul Summit in May of this year, the network is designed to unite representatives from each member country’s AI safety institute, or the equivalent scientific office.

The meeting’s objectives include establishing collaborative priorities and advancing global knowledge on AI safety.

“AI is the defining technology of our generation. With AI evolving at a rapid pace, we at the Department of Commerce, and across the Biden-Harris Administration, are pulling every lever. That includes close, thoughtful coordination with our allies and like-minded partners,” said Raimondo in a Wednesday (September 18) release. “We want the rules of the road on AI to be underpinned by safety, security, and trust, which is why this convening is so important.’

The International Network of AI Safety Institutes includes 10 founding members: Australia, Canada, the EU, France, Japan, Kenya, the Republic of Korea, Singapore, the United Kingdom and the US.

The San Francisco meeting will feature technical experts and representatives from member countries, with discussions on priority areas for the network and the start of detailed work on joint AI safety projects.

The meeting is intended to lay the groundwork for collaboration leading up to the AI Action Summit, which is scheduled to take place in Paris in February 2025.

US Secretary of State Antony Blinken emphasized the importance of this initiative as AI usage increases rapidly at a global scale. The push for safety comes amid ongoing challenges in US legislative efforts to regulate AI technology.

In response to the rapid advancement and potential risks associated with AI, the US Department of Commerce has proposed new reporting requirements for advanced AI developers and cloud computing providers. These requirements are aimed at ensuring these new technologies are safe and resilient against cyber threats.

The initiative also aligns with broader US policy goals set by President Joe Biden.

In October 2023, he signed an executive order requiring AI developers to report safety test results for systems posing risks to national security, public health or safety before their public release.

As AI continues to evolve and integrate into society, the establishment of the International Network of AI Safety Institutes represents a proactive step toward addressing the complexities associated with this transformative technology.

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

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Operations Update

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Jupiter Energy Limited (“Jupiter” or “the Company”) is pleased to provide this update regarding progress in some important areas of its operations.

KEY POINTS:

The West Zhetybai oilfield has been granted its 25-year Full Commercial Licence, effective from 01 September 2024. The oilfield had been producing under its Preparatory Period licence and with this approval, all 3 oilfields are now operating under their respective 25- year Full Commercial Licences.The construction of the infrastructure that will enable the Akkar East and Akkar North (EB) oilfields to integrate into neighbouring gas utilisation facilities remains on schedule and commissioning of these new facilities is expected to occur during 4Q 2024.

West Zhetybai oilfield transition to a Full Commercial Licence:

As the Company has been reporting, the West Zhetybai field has been preparing to transition from its 3-year Preparatory Period licence to a 25 year Full Commercial Licence. This process is now completed and the West Zhetybai field commenced its 25- year Full Commercial Licence on 01 September 2024.

As with Jupiter’s other two oilfields, oil production from this field will now be subject to a monthly domestic oil sales quota, set by the Kazakh Ministry of Energy, with the remaining oil being free to be sold into a variety of sales channels, including the export market.

Securing the 25-year Commercial Licence for this oilfield is an important milestone with respect to the ongoing development of the Company’s operations in Kazakhstan.

Progress with the 100% Gas Utilisation Infrastructure Project:

The Company has been updating shareholders on the significance of building the requisite topside infrastructure that will enable all the wells on the Akkar North (EB) and Akkar East oilfields to be tied into a neighbouring producer’s gas utilisation infrastructure (“the Project”).

The Project is well advanced and it is still expected that the commissioning of the pipeline will occur during 4Q 2024.

The integration of the West Zhetybai oilfield into this same gas utilisation infrastructure is scheduled to be completed during 2025.

The Project has been identified as a important example of how associated gas, produced during oil production, can be better processed and utilised for the benefit of producers, the local community as well as assisting Kazakhstan in meeting the country’s long term “carbon free” objectives.

As a result of the Project, the Company has been able to develop a much stronger working relationship with its significant oil producing neighbour MangistauMunaiGas as well as the Kazakh Ministry of Energy.

Click here for the full ASX Release

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Tumour Response in Sixth Patient Triggers Additional Recruitment in Pancreatic Cancer Trial

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Amplia Therapeutics Limited (ASX: ATX), (“Amplia” or the “Company”), is pleased to announce that the Company’s Phase 2a clinical trial investigating narmafotinib in the treatment of advanced pancreatic cancer (the ACCENT trial) has achieved the required response rate to support continued enrolment in the study. Six (6) patients have now recorded confirmed partial responses (PRs) out of 16 assessed at the four-month timepoint, indicating that the combination of narmafotinib with the chemotherapies gemcitabine and Abraxane® is sufficiently active to support continuation of the trial.

HIGHLIGHTS

Six (6) patients in the Company’s ACCENT trial in pancreatic cancer have now achieved the required reduction in tumour size with no detection of new lesionsThe ACCENT trial can now proceed to recruit the next cohort of 24 patients, giving a total of 50 patients on studyThe ACCENT trial explores the activity of narmafotinib, in combination with standard-of-care chemotherapy, in advanced pancreatic cancer patients

The formal term ‘confirmed partial response’ means in these patients there is at least a 30% decrease in the overall size of tumour lesions, with no new tumour lesions, sustained over a two-month period.

A total of 50 patients are planned for the Phase 2a ACCENT trial. With the six (6) confirmed PRs now obtained, recruitment of the remaining 24 patients in the trial will begin at the existing open trial sites in Australia and South Korea. Recruitment of the second cohort of patients is expected to be completed by end of Q1 2025.

A detailed interim analysis of the Phase 2a trial data obtained to date will be reported in the coming weeks; however, key points are noted below:

Narmafotinib continues to be generally well tolerated by patients with no safety trends identified or dose reductions recorded to dateIn addition to 6 confirmed PRs, there have been 7 patients who have recorded stable disease over 2 or more months, including one patient whose stable disease has improved to achieve a partial response at their 4-month assessment

Amplia CEO and MD Dr Chris Burns commented: “Having now confirmed our sixth PR, we will move forward with recruiting the remaining 24 patients for the trial. We are actively working with our clinical sites to ensure seamless reopening of enrolment with the goal of completing recruitment by the end of March 2025. As always, we thank the patients and their loved ones for being involved with this trial’

This ASX announcement was approved and authorised for release by the Board of Amplia Therapeutics.

Click here for the full ASX Release

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ChemX Granted HiPurA® HPA New Zealand Patent and Pilot Plant Progress

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ChemX Materials (ASX:CMX) (ChemX or the Company), an Australian high purity critical materials company and 100%-owner of the HiPurA® patented process to produce High Purity Alumina (HPA) ispleased to announce it has received notice of grant for its innovative HiPurA® patent within New Zealand from the New Zealand Intellectual Property Office (NZIPO). Grant of HiPurA® Patent in New Zealand
ChemX receives A$191,935 (Tranche 2) via R&D tax incentive loan facilityHPA Pilot Plant Progress

This patent follows granting of the Australian Patent in February 20241 and further solidifies ChemX’s competitive edge in becoming a key producer of 4N (99.99%) and 5N (99.999%) HPA within Australasia. Further international jurisdictions are pending and ChemX is working with its patent advisors to have these granted.

Chief Executive Officer, Peter Lee said:

“Patent awards continue to underpin the global rollout of ChemX’s HiPurA® technology and the Company looks forward to accelerating its commercialisation strategy in the key markets including LEDs, semiconductors and electrical vehicles following the successful commissioning of the Pilot Plant and off take negotiations which have begun.”

“Importantly, ChemX expects additional international patents to awarded over time.”

Tranche 2 of R&D funding Received

ChemX’s HiPurA® Pilot Plant is being built in O’Connor, Western Australia and the Company pleased to advise it has also received A$191,935 (tranche 2) via Radium Capital loan facility (R&D funding method) secured against the estimated R&D Tax incentive refund for FY24.

Radium Capital is a R&D finance provider offering advance access to eligible R&D funds. ChemX Materials’ total FY24 eligible tax refund is estimated to be $A552,419, of which ChemX has now received 80% ($441,935). The final 20% (less interest and fees) is to be received in the final quarter of calendar 2024.

Pilot Plant Progress

ChemX previously announced the successful commissioning of the Pilot Plant Leach module, and this remains in a state of operational readiness. Delays have been experienced in the construction of the Solvent Extraction (SX) module due to longer than expected lead times on key process equipment and delivery of electrical infrastructure.

During this period, ChemX has embarked upon increased safety measures including:

Completing the installation of double containment bunds and additional double walled storage vesselsDevelopment of enhanced safety systems supporting wireless integrated control with interlocks, alarms, and shutdown/startup automationDevelopment of enhanced control capabilities for optimisation of key process parameters including historization and online trend analysis

The above initiatives deliver improved layers of safety with regard to solvent (SX area) management and provide inventory hold points within the process where purity may be quantitatively tested/verified against expected elemental purity before processing further. These cost saving measures negate unnecessary processing of sub-standard interim process batches, build towards key commercial plant design considerations, and unlock advanced process optimisation capabilities.

ChemX has achieved operational readiness within Precipitation, Drying and Calcination areas and expects Reagent delivery systems to achieve operational readiness status in October 2024. Other key statutory activities including waste-water disposal permitting and chemical storage & handling permitting pre- requisites are in progress and advancing well.

Click here for the full ASX Release

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