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Crypto Market Recap: Saylor’s Strategy Resumes Bitcoin Buying

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Here’s a recap of the crypto landscape for Monday (February 10) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

Bitcoin is trading at US$97,304, reflecting a 1.1 percent increase over the past 24 hours.

The day’s trading range has reached a high of US$97,896 and a low of US$96,882.

Meanwhile, Ethereum is priced at US$2,679.41, up 1.6 percent over the same period. The cryptocurrency reached an intraday high of US$2,689 and a low of US$2,645.

Altcoin price update

  • Solana (SOL) is currently valued at US$200.82, marking a 0.6 percent increase over the past 24 hours. The cryptocurrency hit a daily high of US$207.25 and a low of US$201.15.
  • XRP is at US$2.43, up 0.8 percent. It reached an intraday high of US$2.45 and a low of US$2.41.
  • Sui (SUI) is trading at US$3.24, up 5.6 percent. It achieved a daily high of US$3.28 and a low of US$3.23.
  • Cardano (ADA) is priced at US$0.7045, reflecting a 3.3 percent increase over 24 hours. Its highest price on Monday was US$0.7104 and its lowest was US$0.6969.

Crypto news to know

Japan-based Bitcoin treasury company Metaplanet (OTCQX:MTPLF,TSE:3350) released its full-year 2024 earnings on Monday, revealing roughly US$36 million in unrealized gains from the purchase of 1,761 Bitcoin.

The company said it acquired the coins for roughly US$137 million.

Metaplanet’s shareholder base grew by 500 percent last year, primarily due to the issuance of new shares to fund its Bitcoin acquisition strategy. This growth was facilitated by both debt and equity financing.

Metaplanet said it will increase its Bitcoin holdings to 10,000 Bitcoin by the end of 2025, and 21,000 Bitcoin by the end of 2026. The company’s shares closed up 17.37 percent on Monday afternoon.

CoinShares data shows Ether exchange-traded product (ETPs) inflows outpaced inflows to Bitcoin ETPs during last week’s market decline. Ether ETPs recorded US$793 million in inflows, 95 percent more than Bitcoin’s recorded inflows of US$407 million. Total year-to-date inflows to digital asset investment products have reached US$7.3 billion.

According to CoinShares’ James Butterfill, last week’s price fall resulted in significant buying on weakness.

Strategy (NASDAQ:MSTR) resumed buying Bitcoin last week, acquiring 7,633 Bitcoin for approximately US$742.4 million in cash at an average price of roughly US$97,255 per coin, as per US Securities and Exchange Commission filings.

Strategy’s Michael Saylor hinted at another impending Bitcoin acquisition on Sunday (February 9) morning, posting a screenshot of the Saylor Tracker, a tool that monitors and tracks Strategy’s Bitcoin holdings.

“Death to the blue lines. Long live the green dots,’ he wrote on X, formerly Twitter. Market watchers have come to recognize these posts as indicators of the company’s upcoming Bitcoin purchases.

Meanwhile, fraud allegations have resulted in a rapid pullback for $CAR, a meme coin launched on Sunday by the Central African Republic. President Faustin-Archange Touadera described the coin as an ‘experiment’ to raise the country’s global profile and showcase how a meme-based token can support national development.

However, shortly after $CAR’s launch, the coin’s X account was suspended, and allegations of fraud soon surfaced, with deepfake checker tool Deepware flagging a video statement from Touadera as suspicious. The news has caused $CAR’s price to pull back over 92 percent, from US$0.79 to US$0.05 as of Monday afternoon.

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

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

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What Factors Impact Graphene Cost?

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Graphene has the potential to spur advances in a variety of sectors, from transport to medicine to electronics. Unfortunately, the high cost of graphene production has slowed commercialization.

Graphene prices have come down substantially from its early days, when it reportedly cost tens of thousands of dollars to make a piece of high-quality graphene the size of a postage stamp.

However, the 21st century wonder material remains expensive. Specific graphene pricing data is hard to come by, but relatively recent estimates peg the commercial cost of graphene in a range of US$100 to US$10,000 per kilogram. The wide variance is mainly because the price of graphene is determined by a number of factors, such as production method, form, quality and quantity.

Graphene has many exciting applications. Notably, its properties have been applied to graphene-polymer composites. Together, these carbon-based materials are effective in energy, biomedicine, aerospace and electronics applications. In addition, graphene can be used for water purification due to its naturally occurring water-repellent properties.

Other key applications of graphene include graphene-conductive inks, which can be used for printed electronics in applications like logic circuits, inkjet printing, environmental sensors and smart clothing.

Here’s a look at how graphene is made, and why the production process plays a key role in graphene cost.

In this article

    What is the origin of graphene?

    Graphene’s origin story is by now well known. The 2D material was first produced in 2004, when two professors at the University of Manchester used Scotch tape to peel flakes of it off a chunk of graphite.

    The story gives the impression that it’s easy to make graphene, but that’s not entirely true. The Scotch tape method, while a fun party trick, can only produce a very small amount of graphene — certainly not enough to use commercially.

    How is graphene made?

    The Scotch tape method of making graphene is known as exfoliation, and there are other ways to create graphene via exfoliated graphite as well. For instance, a diamond wedge can cleave graphene layers.

    But what are some other ways of making graphene? Currently, the most popular method is chemical vapor deposition (CVD). The deposition process involves a mix of gases reacting with a surface to create a graphene layer. The process creates high-quality graphene, but the graphene is often damaged when it comes time to detach it from its substrate.

    Looking at the process in greater depth, Graphenea states that another problem with CVD is that it’s difficult to create a totally uniform layer of graphene on a substrate. Graphenea also notes that much work is being put into reducing problems with CVD. For example, scientists are experimenting with treating the substrate before the reaction that creates graphene takes place. Even so, it’s expected to take a long time for the wrinkles to be smoothed out.

    The Graphene Flagship identifies a number of other ways of making graphene, including direct chemical synthesis; the material can also be made by putting natural graphite in a solution.

    Some of the latest innovations in graphene creation don’t involve the use of chemicals and can be conducted in the open air, as opposed to in vacuums. One method that was patented in 2017 is able to create larger quantities of graphene using acetylene, oxygen and a spark plug. Unfortunately, this process creates unrefined chunks of material and not sheets, meaning more money must be spent to make the graphene chunks useable.

    In 2021, the Indian Institute of Technology Patna developed a way to produce graphene using a plasma gun; it’s possible it will prove to be a cheaper, yet scalable route to producing high-quality graphene material. The method has been shown to produce single-layer graphene 85 percent of the time without hazardous chemicals or expensive solvents, and estimates show that doing so only costs about US$1.12 per gram of graphene.

    In mid-2022, chemical manufacturing company CleanGraph announced its proprietary process for transforming graphite into graphene, saying it had been developed over the past four years with the help of partnerships with market leaders in the construction industry and prominent universities. This method of producing graphene reportedly reduces the environmental impact by 99 percent compared to traditional graphene production.

    ‘Expanded graphite is a layered nanocarbon material, which is produced at industrial scale by oxidative intercalation and high-temperature expansion of natural graphite. CleanGraph is a novel proprietary process to chemically modify graphite into various forms of graphene in a faster, more productive and ecologically friendly way,’ as per the company.

    Along with construction materials, the graphene produced by this method can also be used for heating, battery technology and as a sorbent.

    More recently, in late 2023 NanoXplore (TSX:GRA,OTCQX:NNXPF) unveiled a new proprietary large-scale dry process for manufacturing graphene based on advanced exfoliation technology. It has a lower CAPEX compared to liquid-based exfoliation methods.

    ‘The technology finds potential applications in batteries and lightweight composites, enhancing its appeal in cutting-edge industries,’ states the company. ‘This new manufacturing process also opens doors to a myriad of applications, including plastic pipes, geosynthetics, recycled plastics, concrete, drilling fluids, and insulation foams, among others.’

    Click here for a deeper dive on companies developing graphene and graphene products.

    What factors impact graphene cost?

    Getting an understanding of how graphene is produced is crucial to understanding graphene cost. That’s because the way in which graphene is made has a major impact on how much it ultimately costs.

    Echo Zhang, founder of China-based graphene technology company GrapheneRich, explains that CVD and liquid-phase exfoliation are the most expensive methods due to the ‘advanced equipment and high energy consumption required.’ Meanwhile, the chemical reduction of graphene oxide is cheaper but may produce lower quality material.

    Graphene oxide, which has advanced composite, biotechnology and water filtration applications, can cost between US$100 and US$500 per kilogram. ‘The price can vary depending on the oxidation level, production method, and supplier,’ Zhang states.

    Graphenea also highlights that while graphene oxide is relatively inexpensive to produce, its lower quality means it can’t be used in batteries, flexible touch screens and ‘other advanced opto-electronic applications.’

    In contrast, CVD graphene, which Zhang calls ‘top-tier graphene’ resulting in a ‘high-performance material with excellent properties,’ fetches upwards of US$10,000 or more per kilogram. Its often used in advanced electronics and energy-storage systems.

    ‘Methods like CVD, which produce high-quality, high-purity graphene, are generally more expensive than liquid-phase exfoliation or reduction of graphene oxide,’ Zhang explains. ‘The production method affects both the quality and the cost of the final product.’

    Commercial-grade graphene can be produced in larger quantities, resulting in a price range of US$100 to US$1,000 per kilogram. This grade of graphene is used in energy storage, sensors and composites. ‘These prices depend on the production scale and the quality of the graphene being produced,’ Zhang states.

    The issue, of course, is that with few commercial applications for graphene yet available, few end-users are looking to buy the material in large quantities.

    What is the future of graphene research?

    Those involved in graphene research hope that ultimately more commercial applications for the material will be developed, spurring advances that will make cost-effective mass production of the material a reality.

    Graphene products are making their way into next-generation electronics such as flexible and foldable screens, enhanced batteries and ‘lightning-speed’ computers.

    Graphene can also be used to create more fuel-efficient cars, faster and lighter aircraft and paint that could end deterioration of ships and cars. Overall, there’s no shortage of applications for graphene products.

    Graphene’s impressive properties and the fact that it’s made from carbon, much like human bodies, makes it well suited to biotechnologies, including tools that can help healthcare professionals scan a patient’s biosignals quickly, accurately and safely.

    “Graphene is a single layer of carbon molecules,” explained Dr. Kiana Aran, chief scientific officer at Cardea Bio, and Keck Graduate Institute associate professor of bioengineering. “Everything in our body is made of carbon. It’s the most compatible material we can find that has amazing electronic properties. You can build electronics and conjugate with biology, without impacting … biology and without biology impacting it.”

    Researchers at the Georgia Institute of Technology have created the first functional semiconductor made from graphene. As an alternative to silicon, the breakthrough has the potential to allow for smaller and faster electronic devices, which may have applications for quantum computing.

    In terms of market growth, Grand View Research notes, ‘Market growth stage is high, and pace of the market growth is accelerating. Graphene market is characterized by a high degree of innovation owing to rising advancements driven by factors including research and development. Subsequently, innovative applications are constantly emerging, disrupting existing industries and creating new ones.’

    The market research firm projects that the graphene market will see revenues grow at a compound annual growth rate of 35.1 percent between 2024 and 2030 to reach US$1.61 billion. The automotive, aerospace and medical industries are the core drivers of demand for the material. Graphene’s role as a powerful catalyst in the chemical industry is also expected to contribute to increased demand for the wonder material on a global scale.

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

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    Skyharbour Announces Closing of Option and Purchase Agreements with Hatchet Uranium for Several of its Uranium Projects Located in the Athabasca Basin

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    Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (‘Skyharbour’ or the ‘Company’), is pleased to announce that, further to its news release dated November 4 th 2024, closing has occurred on the option agreement (the ‘Agreement’) with Hatchet, whereby Hatchet Uranium Corp. (‘Hatchet’) may acquire an 80% interest in the Company’s 17,606 ha Highway Uranium Property (the ‘Optioned Property’) and a 100% interest, subject to a claw-back provision for Skyharbour, in the Company’s Genie, Usam and CBXShoe Uranium Projects (the ‘Purchased Property’). The properties total 66,358 ha and are all located in the Athabasca Basin of Northern Saskatchewan, Canada. The Agreement on the Optioned Property provides Hatchet an opportunity to earn an 80% interest in the claims over a three-year period by fulfilling combined cash, share issuance and exploration expenditure commitments of CAD $3,345,000. For the Purchased Property, Skyharbour will also receive units in the capital of Hatchet consisting of a share and a warrant (‘Hatchet Units’) equal to 9.9% of the issued and outstanding shares of Hatchet.

    Highway, Genie, Usam, CBX and Shoe Project Map:  
    https://skyharbourltd.com/_resources/images/Sky_Highway.jpg

    Terms of the Optioned Property:

    The Optioned Property, Highway, consists of nine (9) mineral claims comprising approximately 17,606 hectares. Hatchet may acquire an 80% interest in the Optioned Property by (i) issuing common shares in the capital of Hatchet (‘Shares’) having an aggregate value of CAD $1,050,000; (ii) making aggregate cash payments of CAD $245,000; and (iii) incurring an aggregate of CAD $2,050,000 in exploration expenditures on the Optioned Property over a three-year period, as follows:

    Date Cash Payments Exploration Expenditures Value of Shares Issued
    On or before the first anniversary of Closing $25,000 $250,000 $25,000 (1)
    On or before the second anniversary of Closing $20,000 $300,000 $25,000 (1)
    On or before the third anniversary of Closing $200,000 $1,500,000 $1,000,000 (1)
    TOTAL $245,000 $2,050,000 $1,050,000

    (1) Deemed pricing of Shares is based on the twenty (20) day volume weighted average price on the stock exchange in which Hatchet shall list its Shares for trading, being either the TSX Venture Exchange or the Canadian Securities Exchange (‘Deemed Price’) or the last sale price, if not listed on a stock exchange at the time of issuance.

    In the event that the issuance of any Shares pursuant to the above would result in the Company holding 10% or more of the outstanding Shares of Hatchet, Hatchet will issue that number of Shares which would result in the Company receiving 9.9% of the issued and outstanding Shares post-issuance and will pay cash in lieu of the Shares for the difference.

    The Company shall retain a 2% net smelter returns royalty from minerals mined and removed from the Optioned Property, of which Hatchet may purchase one-half, being 1%, at any time for $1,000,000.

    Terms of the Purchased Property:

    The Purchased Property consists of twenty-five (25) mineral claims comprising approximately 66,358 hectares across the Genie, Usam and CBX/Shoe projects. Hatchet has acquired a 100% interest in the Purchased Property by, on the date of closing (the ‘Closing Date’), paying the Company $25,000 and issuing to the Company such number of Units in the capital of Hatchet equal to 9.9% of the issued and outstanding shares immediately following the issuance. Each Hatchet Unit shall be comprised of one Share and one share purchase warrant, entitling Skyharbour to purchase one additional Share for a period of three years at a price that is a 25% premium to the deemed value of the Shares in both years 1 and 2, and then increases to a 50% premium to the issuance value of the Shares in year 3.

    The Company shall retain a claw-back provision whereby, within 90 days after the 3 rd anniversary of the Closing Date, the Company may elect by written notice to Hatchet of its intention to purchase back a twenty-five percent (25%) interest in the Purchased Property by, within 90 days of delivery of such notice, incurring exploration expenditures or paying cash in lieu of to fund future exploration, equivalent to fifty percent (50%) of the total amount that Hatchet had spent during the term that is three years from the Closing Date in exploration expenditures on the Purchased Property. If Hatchet has not incurred any exploration expenditures during the three years following the closing date, then Skyharbour shall automatically receive the 25% interest in the Property.

    The Company shall also retain a 2% net smelter returns royalty from minerals mined and removed from the Purchased Property, of which Hatchet may purchase one-half, being 1%, at any time for $2,000,000.

    One of the conditions precedent for Hatchet prior to closing on both agreements was to close a financing for minimum gross proceeds of $1,500,000 which is now complete. Furthermore, Hatchet will proceed to list on the TSX Venture Exchange or the Canadian Securities Exchange or will have sold its interest to or combined with a similarly listed issuer. If this is not complete within 18 months, Hatchet’s right to acquire the Purchased Property will terminate. If after 12 months Hatchet has not listed then it shall pay Skyharbour a monthly fee of $10,000 until such conditions are satisfied or an aggregate of $60,000 has been paid, whichever occurs first.

    Highway Property Summary:

    The Highway Uranium Project consists of nine claims covering 17,606 hectares, approximately 41 km south of the Rabbit Lake Mine and 11 km southwest of Uranium Energy Corp.’s (UEC, formerly UEX) West Bear U and Co-Ni Deposits. Highway 905 runs through the property, providing excellent access for exploration and the project is in close proximity to regional infrastructure. There has been limited modern exploration carried out on the project but there is the potential for high-grade basement-hosted and unconformity-related uranium mineralization.

    Highway Property Map:  
    https://skyharbourltd.com/_resources/images/Sky_Highway.jpg ‎

    The project is underlain by Wollaston Supergroup metasedimentary gneisses (pelitic to psammopelitic and psammitic to meta-arkosic) folded around and overlying an Archean felsic gneiss dome which outcrops in the southwestern portion of the property and cores a northeast trending antiformal fold nose. The Highway Project is located approximately 7 km east of the present-day margin of the Athabasca Basin but is believed to have been covered by Athabasca sandstone in the past.

    Genie Property Summary:

    The Genie property consists of five claims totalling 16,930 ha, and is located approximately 48 km northeast of Cameco’s Eagle Point Uranium Mine (Rabbit Lake Operation) and 40 km north of Wollaston Lake Post. The project is underlain by Wollaston Superground metasedimentary gneisses and Archean granitoids, with highly prospective pelitic to psammopelitic gneisses (including graphitic varieties) and several north-trending faults related to the Tabbernor fault system being mapped on the property. The project lies outside the current extent of the Athabasca Basin, but is believed to have been overlain by now-eroded Athabasca sandstones in the past and has the potential for high-grade basement-hosted and unconformity-related uranium mineralization. The property is underlain by a series of linear magnetic highs (interpreted as granitoids) and magnetic lows (interpreted as metasedimentary gneisses), cross-cut by a highly magnetic northwest-trending Mackenzie Diabase dyke.

    Genie Property Map:  
    https://skyharbourltd.com/_resources/images/Sky_Genie.jpg

    Previous work on the Genie project includes limited diamond drilling (three historical drill holes, of which one was abandoned in overburden) and a variety of airborne and ground geophysical surveys, prospecting, geological mapping, lake sediment and overburden sampling, and soil sampling. Most of this exploration work took place between 1966 to 1980, prior to the advent of modern geophysical methods and geological models, but in 2014 part of the Genie property was covered by a helicopter-borne DIGHEM magnetic, electromagnetic, and radiometric survey. The survey showed a strong central EM conductor following a magnetically inferred contact on the two northeastern most claims, which is locally disrupted by several moderately conductive N-S trending structural breaks, inferred to be faults. This strong conductor is highly prospective for uranium mineralization, and drilling done in 1969 and 1971 has confirmed the presence of graphitic and sulfide-containing pelitic gneisses on the property. Lake sediment samples also collected at Genie during the 2014 exploration program, contained up to 63.3 ppm U, further showcasing the prospectivity of the property.

    Usam Property Summary:

    The Usam Project consists of twelve claims totalling 40,041 ha and is located approximately 16 km northeast of Cameco’s Eagle Point Mine (Rabbit Lake Operation). The project has numerous EM conductors that are associated with significant magnetic lows of the Wollaston Domain. While the project is outside the current confines of the Athabasca Basin, the area was overlain by Athabasca sandstones historically. Basement rocks on the property include Wollaston Supergroup metasediments and Archean granitoid gneisses, with highly prospective pelitic to psammopelitic gneisses (including graphitic varieties) making up the largest proportion of the basement rocks. Several north-trending faults related to the Tabbernor fault system cross-cut the property.

    Usam Property Map:  
    https://skyharbourltd.com/_resources/images/Sky_Usam.jpg

    Previous work on the project includes diamond drilling (12 holes), lake sediment sampling, soil sampling, geological mapping, ground and airborne geophysics, marine seismic, prospecting, and other geochemical sampling, the majority of which was done in the 1980’s and 1970’s. Modern exploration of the property has been limited to geophysics and ground prospecting. As such there is a significant untested potential on the project. Trenching on Cleveland Island uncovered up to 0.31% U 3 O 8 in mineralized pegmatite, and diamond drilling on Gilles Island intersected anomalous uranium, indicating that the basement rocks underling the Usam property are fertile sources of uranium in addition to containing pegmatite- and granite-hosted U-Th-REE mineralization. There are also several sedimentary-hosted base metals (i.e. Cu and Zn) showings on the project and in the surrounding area, which show similarities to the sedimentary-hosted Cu mineralization previously discovered by Rio Tinto and its partners at the Janice Lake Project further southwest in the Wollaston Domain.

    CBX/Shoe Property Summary:

    The CBX property has been recently expanded through staking to include five additional claims adjoining the previously staked CBX and Shoe properties, which have been combined to include a total of seven claims covering 8,777 hectares. The 609 ha Shoe property has remained unchanged, with both CBX and Shoe now consisting of eight non-contiguous claims totalling 9,386 hectares.

    CBX/Shoe Property Map:  
    https://skyharbourltd.com/_resources/images/Sky_Shoe.jpg ‎

    The new claims lie approximately 6.5 km to 25 km northeast of the Eagle Point uranium mine and cover the northern shore of Wollaston Lake including parts of Cunning Bay. Outcrop exposure on the property is poor, but historical mapping and drilling shows that the newly expanded CBX project is underlain by a mixture of Wollaston Supergroup metasedimentary gneisses, Hudsonian intrusives, and Archean felsic gneisses of the Western Wollaston Domain. Similar lithologies host uranium mineralization at the Rabbit Lake operation, including the Eagle Point deposit, and other uranium deposits in the Athabasca Basin and surrounding regions. The CBX and Shoe properties have had historical exploration, including airborne and ground geophysical surveys, lake sediment, soil, and spruce geochemical surveys, till sampling, prospecting, geological mapping, and a marine seismic survey, but the majority of this work took place in the 1960’s to 1980’s, with limited modern exploration work being carried out on a small portion of the CBX and Shoe properties.

    Grant of Incentive Stock Options:

    Skyharbour also announces that the Company has granted 3,500,000 incentive stock options (the ‘Options’) to officers, directors and consultants of the Company. The Options are exercisable at $0.40 per share for a period of five years from the date of grant. The Options have been granted under and are governed by the terms of the Company’s Incentive Stock Option Plan.

    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 Serdar Donmez, P.Geo., VP of Exploration for Skyharbour as well as a Qualified Person.

    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 in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is operator with joint-venture partner RTEC. The project hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling 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; 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; CSE-listed 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 to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued, and $14 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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    Gold Price Breaks US$2,900 as Tariff Turmoil Boosts Safe-haven Appeal
    
						
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    The gold price gained 30 percent in 2024, setting new highs along the way. 
    

    It broke through US$2,500 per ounce, then continued higher, hitting US$2,600 and then US$2,700.
    

    Less than a month and a half into 2025, the breakneck pace continues. The price of gold broke through the US$2,800 mark on January 31, and pushed above US$2,900 during intraday trading on Monday (February 11).
    

    Gains since the start of the year have been primarily driven by economic uncertainty, as US President Donald Trump has vowed to make sweeping changes to trade and foreign policy and amid relative strength in the US dollar.
    


    The most recent announcement came on Sunday (February 10), when Trump told reporters on Air Force One that he was planning 25 percent tariffs on aluminum and steel and reciprocal tariffs on all countries. He said a formal announcement would be made on Monday, but at the time of publication, no announcement had been made.
    

    There was quick pushback on the tariff plans as the EU threatened its own retaliatory tariffs.
    

    The new tariffs come just one week after the US backed down from imposing sweeping 25 percent tariffs on all goods entering the US from Mexico and Canada. The president appeared to be leveraging the threat of tariffs against its two trading partners to increase border security. Both countries had previously announced significant increases in funding for technology and patrols along their respective borders.
    

    Recent weeks have also seen the President make remarks about the future of Gaza that would see the displacement of millions of Palestinians. Trump also suggested that Gaza could become US property as it works to redevelop the area, likening it to the Riviera. On Monday he expanded on the idea saying that Gaza residents would have no right to return.
    

    The language and tone of his statements were met with pushback, particularly from other Middle Eastern countries, which argued it could push the region deeper into conflict.
    


    

                                Investors seek stability as uncertainty mounts                                
    

    All these announcements have spooked some investors, prompting them to turn to gold for added stability in their portfolios.
    

    According to data from the World Gold Council (WGC), US$2.6 billion in investments were added to gold ETFs in January. The majority of these inflows came from European funds, which saw investors add 39 metric tons to their holdings. However, both US and Asian funds saw some decreases, with combined losses of 10 metric tons.
    

    The council suggests that the increase was at least partly due to European Central Bank rate cuts, which caused a sharp fall in bond yields during the month.
    

    The release also predicts further gains in February, in particular from China, where New Year’s celebrations tend to favor retail gold sales. The WGC noted that February sales have a positive correlation with January’s performance.
    

    Monday saw gold rise sharply, gaining 1.48 percent to reach US$2,902.30 per ounce by 1 p.m. EST. Silver was also up, but not as much, gaining 0.71 percent to US$32 per ounce.
    

    Despite the announcements of new tariffs, equity markets were also up in morning trading. The S&P 500 (INDEXSP:INX) gained 0.64 percent to 6,064.57, while the Nasdaq-100 (INDEXNASDAQ:NDX) rose 1.22 percent to 21,754.19. The Dow Jones Industrial Average (INDEXDJX:.DJI) saw a slight gain of just 0.2 percent to 44,390.78.
    

    

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

    

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    WGC: Central Banks, Investors Fuel Record 2024 Gold Demand
    
						
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    Gold demand surged to a record high in 2024, driven by buying from central banks and individual investors.
    

    Data from the World Gold Council’s (WGC) latest report on gold demand shows that in 2024, total annual demand for gold, including over-the-counter transactions, reached a record-breaking 4,974 metric tons (MT).
    

    Annual demand was up by 1 percent year-on-year from 2023’s 4,945.9 MT.
    

    Central banks added more than 1,000 MT of gold to their reserves for the third consecutive year, while investment demand hit a four year high, supported by a strong performance in gold exchange-traded funds (ETFs).
    


    

                                Central banks lead gold demand                                
    

    Central banks remained the largest drivers of gold demand in 2024. As a group, they made cumulative net purchases of 1,045 MT in 2024, with the fourth quarter alone accounting for 333 MT. 
    

    The National Bank of Poland led the upsurge, purchasing 90 MT of the yellow metal in 2024, while other emerging market central banks also contributed significantly to the overall total.
    

    This heightened demand from central banks marks a continuous shift in the global monetary system, with central banks increasingly favoring gold as a hedge against currency volatility and geopolitical tensions.
    

    2024 was the third year in a row in which central banks’ gold purchases exceeded 1,000 MT, marking a notable increase compared to the pre-2022 average of 473 MT.
    

    Despite questions about future demand, central banks are expected to maintain their purchasing momentum into 2025, particularly as geopolitical risks continue to influence policy decisions.
    

    

    

                                Investor demand supports gold ETF growth                                
    

    Gold’s appeal to individual investors also remained robust in 2024, particularly in gold ETFs.
    

    Investment demand for the precious metal reached 1,180 MT for the year, a 25 percent increase from 2023, with ETFs drawing significant inflows, especially in the second half of the year. These inflows were driven by factors including lower interest rates, geopolitical instability and a strengthening gold price.
    

    In contrast to the previous three years, during which gold ETFs experienced substantial outflows, 2024 saw near-stagnant holdings by the end of the year, showing a marked shift in investor sentiment.
    

    Market participants increasingly turned to gold as a safe haven, and the US market in particular witnessed considerable ETF inflows, driven by the relative weakness of the US dollar and concerns over inflation.
    

    

    

                                Gold jewelry demand struggles as price climbs                                
    

    While investment demand soared, the jewelry sector struggled in 2024, with global jewelry consumption falling by 11 percent to 1,877 MT. The significant gold price rise during the year led to lower volumes of gold jewelry being purchased, as consumers found it increasingly difficult to afford the yellow metal.
    

    The weakness in jewelry demand was global, though India saw relatively smaller declines compared to China, which experienced a significant drop of 24 percent from 2023.
    

    However, the value of gold jewelry consumption increased by 9 percent, reaching a record high of US$144 billion. This allowed jewelers to achieve higher sales figures, with a marked contrast between demand volume and value.
    

    

    

                                Technology and industrial demand increases                                
    

    In the technology sector, demand for gold grew by 7 percent in 2024, which the WGC attributes largely to the increasing adoption of artificial intelligence (AI) infrastructure. 
    

    Gold used in electronics rose by 9 percent year-on-year, contributing to the technology sector’s solid demand. Overall, total annual gold demand from the tech sector came to 326 MT.
    

    While gold’s role in industrial applications is a smaller portion of overall demand, its usage in advanced technologies continues to grow, underlining its importance in cutting-edge sectors like AI, electronics and renewable energy.
    

    

    

                                Gold mine and recycling supply rise                                
    

    Gold supply saw modest growth in 2024, rising by 1 percent to a record 4,974 MT, a new high for the data series. Both mine production and recycling were up compared to the prior year, with recycling climbing 11 percent.
    

    The WGC states that the outlook for gold supply remains strong, with expectations for robust mine production and potential increases in recycling rates in the coming year.
    

    The gold price reached an average of US$2,386 per ounce in 2024, a 23 percent increase from the previous year. In Q4, the average price peaked at US$2,663, contributing to a total value of US$111 billion for the quarter.
    

    

    

                                What’s driving gold’s record price highs?                                
    

    ‘I think many investors are seeing the benefits and the merits of having gold as a diversifying asset in their portfolio,’ he said. ‘I think they’re understanding that the risk shocks you might see to risk assets will continue to be something that will develop over the next two to three months at a minimum as we start to hear and see policies unpacked.’  
    

    

    

    Watch Cavatoni discuss the WGC’s latest report.
    

    Cavatoni also pointed to expectations of lower interest rates as a motivating force for gold. 
    

    ‘All of those factors are stacking up to continue to be a very strong performance driver for gold,’ he said.
    

    Tariff uncertainty is also contributing to gold’s movement. The US has placed additional tariffs on China, and although it’s deferred tariffs on Canada and Mexico for the time being, much uncertainty remains. 
    

    In Cavatoni’s opinion, it will be key for sector participants to tune out distractions. 
    

    ‘I think the key thing right now is that you can clearly see the benefits of gold in a portfolio that’s diversified. You can see the benefits of having it as a component of your allocation mentality, and I think overall what I’d say is that clients, investors and those who understand the gold market need to understand there’ll be a lot of noise,’ he noted. 
    

    


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

    

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    Crypto Market Recap: Central African Republic Launches Meme Coin
    
						
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    Here’s an updated recap of the crypto landscape for Monday, February 10, 2025, as of 9:00 a.m. UTC.
    


    

                                Bitcoin and Ethereum price update                                
    

    Bitcoin is trading at US$97,486, reflecting a 1.3 percent increase over the past 24 hours. The day’s trading range saw a high of US$97,974 and a low of US$94,747.
    

    Meanwhile, Ethereum (ETH) is priced at US$2,646.23, showing a slight uptick of 0.008 percent over the same period. The cryptocurrency reached an intraday high of US$2,663.99 and a low of US$2,541.34.
    

    

    

                                Altcoin price update                                
    

      

    • Solana (SOL) is currently valued at US$203.29, marking a 1.6 percent increase over the past 24 hours, after hitting a daily high of US$205.63 and a low of US$194.02.XRP rose to US$2.42 at the end of the trading day. The cryptocurrency reached an intraday high of US$2.45 and a low of US$2.32.
      • 

    • Sui (SUI) is trading at US$3.19, reflecting a 4.6 percent increase. It achieved a daily high of US$3.25 and a low of US$2.88.
      • 

    • Finally, Cardano (ADA) is down, priced at US$0.6969, reflecting a 0.8 percent decrease over 24 hours. Its highest price today was US$0.7046 and its lowest was US$0.6538.
      • 

    

    

    

                                ETF update                                
    

    SPDR S&P 500 ETF Trust (SPY) is trading at US$600.77, marking a 0.92 percent decline over 24 hours. The ETF reached an intraday high of US$611.04 and a low of US$599.31. 
    

    Meanwhile, iShares Core S&P 500 ETF (IVV) is priced at US$603.80, reflecting a decrease of 0.94 percent. The day’s trading range saw a high of US$613.75 and a low of US$602.98.
    

    Finally, Vanguard S&P 500 ETF (VOO) is down 0.93 percent to US$552.20. The ETF recorded a high of US$561.83 and a low of US$550.92.
    

    

    

                                Crypto news to know                                
    

    Donald Trump is set to announce new 25 percent tariffs on all steel and aluminum imports, escalating trade tensions. 
    

    Speaking aboard Air Force One, Trump confirmed the tariffs would be unveiled on Monday, with reciprocal tariffs following later in the week.
    

    Meanwhile, the Central African Republic has launched a meme coin called $CAR in an effort to raise the country’s global profile. 
    

    President Faustin-Archange Touadera described it as an ‘experiment’ to showcase how a meme-based token can support national development. 
    

    The launch follows the country’s previous adoption of Bitcoin as legal tender. However, an official account for $CAR updates was suspended by X on Monday, and the government is working to restore it. 
    

    The token was trading at US$0.22 as of Monday (February 10) morning.
    

    

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

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

    

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    E-Power Starts Metallurgical Testwork at SGS Canada Inc
    
						
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    E-Power Resources Inc. (CSE: EPR) (FSE: 8RO) (‘E-Power’ or the ‘Company’) is pleased to report the start of metallurgical testwork on three samples from the Company’s Tetepisca flake graphite property located in the Cote-Nord region of Québec. The objective of the testwork is to evaluate metallurgy on the samples targetting graphite concentrates > 95% graphite carbon (‘Cg’) with maximum flake size and recovery. Deliverables will include head characterizations including total carbon (‘Ct’) and Cg concentrations, size fraction analyses with flake size distributions, and Cg grade and composition concentrate. The results of the study will be used by E-Power to focus continued evaluation of the Tetepisca flake graphite property. The metallurgical testwork is being completed by SGS Canada Inc. at their Lakefield, Ontario facility.
    


    James Cross, President and CEO of E-Power commented:‘Our Tetepsica property hosts a number of surface showings with the potential to be flake graphite resources. The 2024 propspecting on our northern claim group added to this inventory with the discovery of several new showings characterized by multiple high graphite grade samples with underlying conductor continuity. Our ongoing metallurgical test work is designed to evaluate the metallurgy and concentrate characteristics; determining, comparing, and contrasting the response from several showings. We intend to continue to evaluate the geology, mineralogy, and metallurgy of the property through the 2025 field season with the objective of prioritizing targets for drilling and resource delineation.
    

    During the 2024 field season, a total of 1,037 kilograms (1.037 tonnes) comprising four bulk samples including the Captain Cosmos (1), Syndicate (1) and Graphi West (2) graphite showings were collected (Figure 1). Field duplicates, consisting of 2 to 3 kg samples taken from each of the bulk sample excavation sites returned Cg values that are consistent with and above the average resource Cg grade in the Tetepisca district (approximately 14% Cg). The results are presented table 1 below. The final report on a detailed mineralogy study on samples from the three target areas utilizing reflected and transmitted light petrography and a Scanning Electron Microscope is pending. Preliminary results of the study document a range of graphite grain sizes, associated gangue mineralogy and graphite grain-gangue mineral textures. All three samples contain large to jumbo flakes free of metamorphic intergrowths or inclusions supporting a positive metallurgical response.
    

    Table 1: Cg Results from Advanced targets and comparison with historical results
    

    

    


    
Graphite Showing 
    (sample)    		
Historical Result
Field Duplicate

    

    
Sample Wt.
C Graphitic

    

    
C %
kg
%

    

    
Captain Cosmos
29.07
2.46
30.00

    

    
Syndicate
12.00
2.44
13.20

    

    
Graphi West A
19.80
2.56
17.55

    

    
Graphi West B
not previously sampled
2.48
16.65

    
    

    

    

     
    

    Cannot view this image? Visit: https://insiderlegacysecret.com/wp-content/uploads/2025/02/240239_f11b9829b4fd9890_002.jpg
    

    Figure 1. Map of Tetepisca Property and location of bulk samples.
    

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/9160/240239_f11b9829b4fd9890_002full.jpg
    

    Preliminary evaluation of flake graphite recovery from the four Tetepisca samples was completed at Volt Carbon Technolgies Inc. (‘Volt’) using Volt’s proprietary dry separation techniques. The study consisted of several trial air separation runs on selected samples from each zone followed by determination of Ct and Cg of the resulting concentrates. The results confirm the presence of large and jumbo flake in all samples and indicate that graphite can be separated from Tetepisca ore feed using Volt’s dry separation technique. A high value of 96.4% Ct and 93.5% Cg was attained from the +14 mesh fraction of a trial run from the Syndicate showing and a high value of 95.8% Ct and 91.7% Cg was attained from the +40 mesh fraction of a trial run from the Graphi-West showing. The average Cg results for all trial runs of flakes +30 mesh (Jumbo) was 90.90% Cg for the Syndicate showing and 90.32% Cg for the Graphi-West showing. The average analytical results for all trial runs of flakes +40 mesh (Jumbo+Large Flakes) was 90.45 for the Syndicate showing and 89.60 for the Graphi-West showing. 
    

    The metallurgical test work being completed at SGS Canada Inc. will provide E-Power with, among other information, ore feed head grades, recovery factors, concentrate compostion, and flake size analysis which will contribute to the evaluation of resource delineation targets.
    

    About the Tetepisca Property
    

    The Tetepisca Property is located approximately 220 km north of the town of Baie-Comeau in the North Shore Region of Québec. The property consists of 230 claims covering an area of approximately 12,620 hectares within the emerging Tetepisca Graphite District (‘TGD’). The property is 100% owned by E-Power. Fifty-two claims, located in the southern part of the property, are subject to a 1.5% NSR held by a group of local prospectors; otherwise the Tetepisca property remains unencumbered. The TGD is an active graphite exploration and development district with delineated measured and indicated resources in excess of 120 Mt at an average grade of approximately 14% Cg. The Company’s Tetepisca property is strategically located over continuous bedrock conductive horizons that are known and interpreted to be due to graphite and which hold significant potential to host flake graphite resources. The intersection of graphite in our 2023 drilling and the results of our 2024 exploration program to date confirms the Company’s exploration model and provides the basis for continued exploration and evaluation.
    

    Qualified Person
    

    Jamie Lavigne, P. Geo, Vice President Exploration and Director for E-Power is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.
    

    About E-Power
    

    E-Power Resources Inc. is a Québec Corporation based in Montréal and focused on battery minerals exploration in Québec. The Company is currently advancing two projects; the Tetepisca property, located in the North Shore region of the Province and the Turgeon property located in the Abitibi region adjacent to the Ontario border. The Company’s priority target is flake graphite on the Tetepsica Property. The Turgeon property is located in the prolific Abitibi gold and base metal mining district and the Company is evaluating Turgeon primarily for its copper-zinc and gold potential.
    

    For more information about E-Power Resources Inc. please visit the Company website at: e-powerresources.com.
    

    Notice Regarding Forward-Looking Statements:
    

    This news release contains ‘forward-looking statements.’ Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate.
    

    

    For information contact: James Cross, CEO, Tel: (438) 701-3736, info@e-powerresources.com.
    

    

    Corporate Logo
    

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240239
    

    

    

    

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    Osisko Metals Begins 2025 Drill Program at Gaspé Copper
    
						
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    Osisko Metals Incorporated (the ‘ Company or ‘ Osisko Metals ‘) ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce that the 2025 drill program is underway at its 100%-owned Gaspé Copper project, located next to the town of Murdochville in the Gaspé Peninsula, eastern Québec.
    

     2025 Drill Program 
    

     The 2025 drill program, now slated at 110,000 metres, is designed to 1) convert existing inferred resources (see  press release dated November 14, 2024  ) into the indicated or measured resource categories; 2) test potential expansion of the current resources deeper to 250 m below the E Zone horizon and further to the south towards Needle Mountain; 3) further characterize higher grade skarn zones (0.5% – 3.0% Cu); and 4) validate new geological models. In addition, approximately 10,000 metres of drilling outside the main mining concession will test regional exploration targets on surrounding claims. 
    


     The first drill began turning last week and drilling is expected to end by November 2025. A second drill will arrive later this month followed by additional drills in the spring, increasing as required as the program advances. 
    

     Robert Wares, CEO, commented: ‘We are very pleased to resume drilling at Gaspé Copper and are very excited about the growth potential of the resource base. This program aims to confirm existing open-pit resources and potentially expand them based on a new geological model for distribution of primary copper mineralization at Gaspé Copper. This intensive drill program will lead to an updated mineral resource estimate, slated to be released in Q2 2026.’ 
    

     About Osisko Metals
    

    Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec‘s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current  Indicated Mineral Resources of 824 Mt grading 0.34% CuEq and Inferred Mineral Resources of 670 Mt grading 0.38% CuEq  (in compliance with NI 43-101). For more information, see Osisko Metals’ November 14, 2024 news release entitled  ‘Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper’  . Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec. 
    

     In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada‘s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of  Indicated Mineral Resources of 49.5 Mt at 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt at 5.64% ZnEq  (in compliance with NI 43-101). For more information, see Osisko Metals’ June 25, 2024 news release entitled ‘Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq’. The Pine Point project is located on the south shore of Great Slave Lake, Northwest Territories, close to infrastructure, with paved road access, an electrical substation and 100 kilometers of viable haul roads. 
    

     For further information on this press release, visit   www.osiskometals.com   or contact: 
    

     Robert Wares, Chief Executive Officer of Osisko Metals Incorporated
    

     Email:  info@osiskometals.com 
    

     Follow Osisko Metals on Facebook at  https://www.facebook.com/osiskometals  , on LinkedIn at  https://www.linkedin.com/company/osiskometals  , and on X at  https://twitter.com/osiskometals  . 
    

     Cautionary Statement on Forward-Looking Information 
    

     This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance are not statements of historical fact and constitute forward-looking information. This news release may contain forward-looking information pertaining to the Gaspé Copper Projects, including, among other things, Gaspé Copper hosting the largest undeveloped copper resource in Eastern North America and Glencore becoming a Control Person of the Company. 
    

     Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.ca) under Osisko Metals’ issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law. 
    

     Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 
    

    

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