Steadright Critical Minerals Inc. (CSE: SCM) (“Steadright” or the “Company”) is pleased to announce a Memorandum of Understanding (MOU) has been signed with Ste Commerciale et Minière du Sahara (CMS) that is the license holder of an historic polymetallic Zinc-Lead-Silver-Copper-Gold mine, Production Concession Number 55 in the Goundafa area, known as the Goundafa Mine. Copper (Cu) and Zinc (Zn) are classified as Critical and Strategic Minerals in the U.S., Canada, Europe, and a significant number of other countries around the world. Figures 1 and 2 illustrate the location of the mining concession as per the “Rapport technique et financière d’évaluation de terrain minier de Goundafa”, 2022.

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Steadright can earn up to 100% in the Goundafa Project, which holds Concession Number 55, with 1,600 hectares of a fully permitted Mining and Environmental Production License. The claim is in the Goundafa Area in South Central Morrocco, within the County of Ijoukak.

The Goundafa Mine was developed and mined by La Société des Mines de Goundafa (SMG) from the 1926 until 1956. Operations ceased due to political changes following Moroccan independence. A number of historical professional reports are available on the Goundafa Property. In 1928, two thousand tons with an average grade of 22.13% Zinc and 11.31% Lead were produced. The 1985 report, ‘Rapport sur les travaux souterrains et la cartographie miniere de la concession de Goundafa” from the Bureau de Rescherches et de Participations Minières (BRPM), Morocco’s former national mining agency, now ONHYM, indicated silver grades of up to 400g/t from high grade galena zones. As mining pursued deeper, increasing chalcopyrite and gold content were observed. In total, historical production of 320k tons of material was reportedly extracted until 1956.

A 2022 geological report (non-NI 43-101 compliant), “Rapport Technique et Financier sur la Concession Minière de Goundafa – Commune d’Ijoukak, Province d’El Haouz, Maroc”, authored by Omar Guillou and prepared for CMS, the concession holder, identifies conceptual resources up to 6.62 million tons with grades of 2.1% Zn, 1.8% Pb and 1.5-2.1% Cu and up to 3.5 g/t gold in select zones — particularly from underground sampling at Vein II near Gallery L, of which 1.7 million tons are directly accessible through the historic multi-level works (as stated in the 1985 BRPM report). Recent XRF-measured grades inside of the mine showed strong potential for significant higher metal grades in some areas, consistent with historic mining. A network of well-maintained infrastructure remains at the historic operations allowing easy access to the mine.

The 2022 CMS report states: “the current estimate is limited to the 600 vertical meters through accessible workings; are within a vertical interval of approximately 600 meters, between the surface and the deepest accessible workings”. However, the conceptual resources DO NOT include “deeper speculative extensions”, and that “it could extend an additional 800 meters vertically, reaching depths of 1,400 meters below surface”. In addition, “the lateral extensions of Veins IV, V and Vi have been identified at surface through trenching and geological surveys. These extensions show structural continuity with the veins exploited at depth, but their potential remains to be confirmed by drilling. They are NOT INCLUDED in the main volumetric estimate of 6.62 Mt, although they represent significant additional potential.”

The Goundafa Mine is an early-stage polymetallic exploration project located in Morocco’s High Atlas Mountains — a region with a long mining history and favorable geology. The project is centered on a series of steeply dipping mineralized veins containing copper, zinc, gold, lead and silver. These veins are exposed at surface and have seen limited artisanal mining, providing a strong foundation for modern exploration.

While the 2022 report for CMS estimate does not meet the requirements of NI 43-101 and is not a formal mineral resource, it reflects the potential scale of the system.

The convergence of multiple mineralized veins, historical production from Vein I, and surface geochemical anomalies across Veins IV–VI suggest meaningful upside. Combined with accessible infrastructure and a mining-friendly jurisdiction, Goundafa presents a compelling opportunity for value-driven exploration and future resource development. See Figure 3 “Longitudinal section of Vein I showing the distribution of mineralised zones and historical workings” below from the 2022 Report.

Figure 3. Longitudinal section of Vein I showing the distribution of mineralised zones and historical workings

The 2022 technical report was compiled and authored by Mr. Omar Guillou, who led the integration of historical data, field observations, and sampling results into a cohesive evaluation of the concession’s potential. Dr. Abdelaziz El Hadi, a senior structural geologist and academic researcher with over three decades of experience in Moroccan mineral systems, contributed to the geological interpretation and structural modeling. His work focused on vein geometry, structural stacking, and volumetric projections that informed the conceptual tonnage estimate. See Table 1 (Tableau 3) Historical Estimation of Insitu Tonnage by Vein (title modified) from the 2022 report and Table 2: Reconstructed Tons and Grade by Vein.

Table 1 (Tableau 3): Historical Estimation of Insitu Tonnage by Vein (title modified)

Table 2: Reconstructed Tons and Grade by Vein

Dr. Abdelaziz El Hadi contributed to the 2022 Goundafa report by developing a conceptual geological model based on existing data. His interpretation of the underground vein geometry was derived from:

• Historical mine plans and legacy schematics of Veins I and II
• Underground sampling records, including assays from Gallery L
• Surface trenching and geochemical anomalies used to infer subsurface continuity
• Regional structural context from prior academic research in the Anti-Atlas and High Atlas

regions

Dr. El Hadi did not conduct new underground surveys or remap historical workings. His modeling was conceptual, based on the 1985 BRPM report and intended to guide exploration targeting, not to produce compliant resource estimates.

While Dr. El Hadi is not a Qualified Person (QP) under NI 43-101 and did not perform formal resource estimation, his insights were instrumental in shaping the geological rationale and exploration strategy. Together, their collaboration provides a robust technical foundation for advancing Goundafa toward drill-supported resource classification. With systematic drilling and qualified resource modeling, the project is well-positioned to evolve into a formally classified polymetallic asset with early-stage copper-gold leverage.

Historical Mapping Reference – 1985 BRPM Report

The 1985 report prepared by the Bureau de Recherches et de Participations Minières is considered the most detailed historical source of underground mapping for the Goundafa concession. It includes schematic plans of underground galleries, vein exposures, and sampling records — particularly around Veins I and II — and has served as a foundational reference for subsequent geological interpretations.

This report provides valuable insight into the spatial layout and historical workings of the deposit, including early production zones and accessible galleries such as Gallery L. Its documentation has informed structural modeling efforts, including the 2022 conceptual tonnage estimate developed by Dr. Abdelaziz El Hadi.

Statement Regarding Historical Mineral Resource Estimates

The Company advises that it is referencing a historical estimate for the Goundafa polymetallic project (Concession No. 55, Province of Al Haouz, Morocco). The estimate is taken directly from:

Guillou, O. (2022). Rapport technique et financière d’évaluation de terrain minier de Goundafa. Prepared for Ste Commerciale et Minière du Sahara (CMS), Casablanca, Morocco. Dated November 28, 2022.

The historical estimate reports a total of approximately 6.66 million tonnes of mineralized material across multiple veins (Filons I, II, II bis, III, IV, and associated structures). The report indicates average grades across the total tonnage in the range of ~2–5% Zn, ~1–3% Pb, and ~0.5–1% Cu, with silver and gold present in trace to moderate concentrations. Certain localized zones within individual veins were reported with significantly higher grades (Zn > 10%, Pb > 7%, Cu > 2%, Ag > 100 ppm, Au > 4 ppm), but these are not representative of the overall historical estimate.

Parameters and assumptions disclosed in the source report include:

• Historical geological mapping, underground sampling, and limited drilling conducted by BRPM and earlier operators
• Sampling and underground geological surveys conducted by CMS in 2022
• Average vein thicknesses ranging from 0.8 m to 1.5 m
• Bulk density of 2.6 t/m³ applied to mineralized material
• Volumetric calculation methods (length × height × thickness × density)
• Recognition of vertical zonation of mineralization (Pb–Zn–Cu) in Filons I and II

Reliability and relevance: The Company considers the historical estimate relevant as it demonstrates the presence of significant polymetallic mineralization in the Goundafa concession. However, the reliability is uncertain due to the absence of modern QA/QC protocols, limited drilling, and reliance on historical underground sampling.

Comparison to CIM Definition Standards: The categories of the historical estimate were not prepared in accordance with the current CIM Definition Standards (2014, as amended). Therefore, the historical estimate cannot be directly compared to current categories of mineral resources or reserves.

More recent estimates: The Company is not aware of any more recent estimates for the Goundafa project.

Work required to upgrade/verify: To verify and potentially upgrade the historical estimate to a current mineral resource, the Company anticipates that confirmatory drilling, modern sampling and assaying with QA/QC protocols, updated geological modeling, and estimation using CIM‑compliant methods will be required.

Qualified Person statement: A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources or reserves. The Company is not treating the historical estimate as current mineral resources or reserves.

Disclosure:

The terms of the MOU with CMS are a 3-month due diligence period for Steadright, $8,000,000 USD for the Mineral License that is approved for Mining Production Operations, along with a to-be-determined number of shares of Steadright not to exceed 9 percent of the Company’s outstanding shares and a 1% Net Smelter Royality (NSR). $500,000 USD is required as a non- refundable deposit within a 3 Month period within the MOU. Steadright has the right to negotiate with 3rd parties interested in partnering or obtaining the rights to the Historical Mine Site. Upon a successful definitive agreement, the purchase cash price will be subject to a 5% finders’ fee.

In recent years the world has seen increased demand for critical minerals, growing supply chain disruptions and rising raw material costs.

CEO, Matt Lewis states, “There is a lot of historical information that our Geological team is going through with regards to the due diligence. The historic mine works are very compelling to investigate further considering the potential in this friendly mining jurisdiction of Morocco. The fully permitted historic mining operation with two critical minerals is an ideal place to be while the world races to access and secure these ever-increasing value metals.”

Qualified Person

Mr. Robert Palkovits, P. Geo, VP Exploration for Steadright, who is a qualified person (“QP”) under the National Instrument 43-101 – Standards of Disclosure of Mineral Projects has reviewed and approved the scientific and technical information in this press release. WITH NOTICE TO THE READER THAT ALL INFORMATION REQUIRERS VERIFICATION.

ABOUT STREADRIGHT CRITICAL MINERALS INC.

Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright has been focused in 2025 on finding exploration projects that can be brought into production within the critical mineral space focused in Morocco. Steadright currently has mineral exploration claims known as the RAM project near Port Cartier, Quebec within the Côte-Nord Region, which is accessible by route 138. The RAM project is comprised of over 11,000 acres and is located on an Anorthositic complex that is in a highly prospective geological unit and historically been under explored for Ni, Cu, Co and precious metals.

ON BEHALF OF THE BOARD OF DIRECTORS

For further information, please contact:

Matt Lewis

CEO & Director

Steadright Critical Minerals Inc.

Email: enquires@steadright.ca

Tel: 1-905-410-0587

Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information is subject to known and unknown risks, ‎uncertainties and other factors which may cause the actual results, level of activity, performance or ‎achievements of Steadright to be materially different from those expressed or implied by such forward-‎looking information. Such risks and other factors may include, but are not limited to: there is no ‎certainty that the ongoing programs will result in significant or successful ‎exploration and ‎development of Steadright’s properties; uncertainty as to ‎the actual results of exploration and ‎development or operational activities; uncertainty as to the availability and terms of ‎future financing on ‎acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; ‎general business, economic, competitive, political and social uncertainties; capital market conditions ‎and market prices for securities, junior market securities and mining exploration company securities; ‎commodity prices; the actual results of current exploration and development or operational activities; ‎competition; changes in project parameters as plans continue to be refined; accidents and other risks ‎inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory ‎approvals; changes in legislation, including environmental legislation or income tax legislation, affecting ‎Steadright; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key ‎individuals.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the ‎securities in the United States. The securities have not been and will not be registered under the United ‎States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) or any state securities laws and ‎may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons ‎unless registered under the U.S. Securities Act and applicable state securities laws, unless an ‎exemption from such registration is available.‎

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IAMGOLD (TSX:IMG,NYSE:IAG) is tightening its grip on one of Quebec’s most promising gold districts with back-to-back acquisitions aimed at consolidating control over a vast stretch of the Chibougamau region.

In the span of two days, the mid-tier gold producer announced definitive agreements to acquire Northern Superior Resources Inc. (TSXV:SUP,OTCQB:NSUPF) and Mines d’Or Orbec (TSXV:BLUE), with both deals collectively expanding its landholding to more than 100,000 hectares.

The larger of the two transactions will see IAMGOLD acquire all issued and outstanding shares of Northern Superior Resources in a cash-and-stock deal valued at approximately C$267.4 million.

The acquisition will fold Northern Superior’s Philibert, Chevrier, and Croteau projects into IAMGOLD’s existing Nelligan and Monster Lake holdings, creating what the company has branded the “Nelligan Mining Complex.”

Together, these properties host estimated measured and indicated mineral resources of 3.75 million ounces of gold and Inferred Resources of 8.65 million ounces, positioning the district as Canada’s fourth-largest pre-production gold camp.

“The addition of Northern Superior’s assets to IAMGOLD’s Nelligan Mining Complex in the Chibougamau region of Quebec is extremely exciting for IAMGOLD, the region and our mutual shareholders,” said Renaud Adams, IAMGOLD’s president and chief executive officer.

“This acquisition aligns with our strategy to become a leading Canadian-focused mid-tier gold producer, bolstering our organic pipeline in Quebec where we have maintained a longstanding presence.”

A day earlier, IAMGOLD struck another deal to acquire Mines d’Or Orbec, a junior explorer advancing the Muus project southwest of Chibougamau.

IAMGOLD already holds a 6.7 percent equity interest in Orbec and expects to issue roughly 369,000 new shares to complete the acquisition. The transaction will bring the 24,979-hectare Muus project directly under IAMGOLD’s control.

Located at the intersection of the Fancamp and Guercheville deformation zones, which are two major mineralized corridors that also host IAMGOLD’s Monster Lake and Nelligan deposits, the Muus project has been viewed as a geological link between the company’s existing holdings.

“Over the past several years, we have advanced the Muus project into one of Quebec’s most promising gold exploration plays,” Orbec CEO John Tait said.

With the addition of both Northern Superior and Orbec, IAMGOLD is set to more than double its regional footprint. The company has signaled its intent to pursue a “hub-and-spoke” development strategy in the region, envisioning a central processing facility fed by multiple ore sources within a 17-kilometre radius.

Pending regulatory and shareholder approvals, both acquisitions are expected to close in late 2025 or early 2026.

The price of gold surged to unprecedented levels in October 2025, reaching an all-time high of around US$4,370 per ounce amid heightened safe-haven demand and expectations of US interest-rate cuts.

However, on Tuesday (October 21) a correction began to set in as the yellow metal pulled back sharply, falling as much as 5.5 percent to about US$4,115 as profit-taking kicked in and the US dollar strengthened.

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

China will end a two-decade-old platinum tax rebate for its state-owned importer, potentially opening the market for new entrants.

According to a Bloomberg report, the Ministry of Finance announced that effective November 1, it will begin collecting a 13 percent value-added tax (VAT) on sales of domestically produced and imported platinum, including imports of platinum jewelry.

The change effectively dismantles the long-standing monopoly held by China Platinum, which had been the only entity allowed to import platinum tax-free since 2003.

“Removing the VAT refund actually is quite a significant step for the platinum market in China,” said Weibin Deng, regional head for Asia Pacific at the World Platinum Investment Council. “Potential rival firms had been suffering for many years because the policy was only granted to one particular company.”

With the tax advantage gone, analysts expect new entrants to begin competing in the Chinese market for the first time in years.

“As new entrants begin trading platinum on an equal footing, a more liquid two-way market should develop,” Deng added, noting that industrial users would finally be able to hedge against price swings.

On Monday (October 20), platinum prices on the Shanghai Gold Exchange surged to a premium of more than 10 percent over global benchmark spot prices as traders scrambled to lock in purchases before the November 1 deadline.

Platinum has been one of the best-performing commodities in 2025, climbing roughly 77 percent to breach US$1,600 per ounce—its highest level since 2013.

About 70 percent of global platinum demand comes from the automotive and industrial sectors, where the metal is used in catalytic converters and laboratory equipment, while jewelry accounts for nearly a quarter of consumption.

According to the World Platinum Investment Council’s Q2 Platinum Quarterly, global mine supply is expected to fall 6 percent this year to 5.43 million ounces, deepening an 850,000-ounce deficit that marks the third consecutive year of shortages.

South Africa, which produces about 70 percent of the world’s platinum, has faced prolonged operational and energy constraints, further squeezing output.

Demand, meanwhile, appears resilient. Analysts point to the sustained use of platinum in hybrid vehicle catalytic converters and its growing role in hydrogen fuel cells as key demand drivers.

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

East Star Resources Plc (LSE:EST), which is exploring for copper and gold in Kazakhstan, is pleased to announce it has been awarded a new exploration licence – 3631-EL (the ‘Licence’), encompassing the remaining part of the induced-polarisation (IP) anomaly north of the Rulikha Deposit.

With the entire IP anomaly at Rulikha now under 100% ownership by East Star, execution of the next phase of exploration can begin. Additional historical drilling within the newly awarded Licence has also been included in East Star’s ongoing assessment of both the Rulikha Deposit and its geological interpretation of the Rulikha IP anomaly. Some highlighted intersections from the historic drilling are below.

Highlights of Historical Intersections Within New Licence:

• 11.4m @ 9.8% Zn, 3.1% Cu and 1.1% Pb from 196.6m
• 6.9m @ 17.6% Zn, 1.0% Cu and 3.3% Pb from 237.4m
• 11.2m @ 5.5% Zn, 0.32% Cu and 1.2% Pb from 236.0m
• 8.7m @ 5.4% Zn, 0.3% Cu and 0.3% Pb from 256.2m

180 historical drill holes are currently being modelled to provide an Exploration Target and assess the Reasonable Prospects for Economic Extraction (RPEE).

Alex Walker, East Star CEO, commented:

‘East Star is expanding its VMS opportunities through this additional highly prospective exploration licence, adding a second soviet-era deposit to our East Region assets. Although permitting is expected to be more arduous due to proximity to a settlement, at less than 2km from an existing rail line and 11km from an underfed mill, we are eager to assess the potential economic viability of this deposit, in a region which has been mined since the mid-1700s.

In remodelling such detailed historical data, East Star will be able to assess the reasonable prospects for economic extraction prior to on the ground exploration and therefore, like Verkhuba, we will undertake a low-cost exploration campaign to verify the data and convert the exploration target to a JORC Resource.

We are grateful for the support from the Shemonaikha District in allowing us to apply for the Licence and we look forward to updating the market on future exploration activities.’

Further Information

History of the Rulikha Deposit

The Rulikha Deposit and geophysical targets are situated about 33km northwest from East Star’s 100% owned Verkhuba Deposit (JORC MRE of 20.3Mt @ 1.16% copper, 1.54% zinc and 0.27% lead). Located within the Rulikhinskoe-Vydrikhinskoe Ore Field in the Shemonaikha District of East Kazakhstan, the Rulikha Deposit is a VMS polymetallic deposit primarily explored for zinc, copper and lead. The Rulikha Deposit was part of a broader geological exploration effort in the region, conducted by the East Kazakhstan Geological Exploration Expedition under the Ministry of Geology of the USSR and later the Republic of Kazakhstan.

The Rulikha Deposit was discovered in the 1940s and delineated during exploration up to the 1980s, followed by detailed prospecting from 1989-1992. The major historical work programmes included:

· 1940-1950s: Early prospecting by the Shemonaikha Party of the Altai Exploration Group identified polymetallic mineralisation. A consolidated report in 1957 (Utrobin et al.) calculated GKZ resources for the Rulikhinskoye (Rulikha) deposit.

· 1960s-1970s: Geological and geophysical work by the Shemonaikha Geological Reconnaissance Party (GRP) and Priirtyshskaya Party refined the geological structure and mineralisation of the deposit.

· 1978-1983: Detailed prospecting by the Minsk and Ubin GRPs of the Shemonaikha GRP targeted the Rulikhinsko-Vydrikhinsky and Talovsko-Rulevsky areas, further delineating mineralisation.

· 1989-1992: Deep exploration drilling to assess the mineralisation potential of deeper units (up to 1000-1200m).

Based on the historical reports, it seems that no further exploration was undertaken since 1992. The last significant exploration programme in 1989-1992 included significant drilling and sampling efforts:

· Total Drilling – 6,785 linear metres of core drilling across 12 exploration boreholes. Drilling grid for Rulikha Deposit: 200 x 100m for C2 category resources (GKZ resource categorisation not typically used in modern resource estimates), 400 x 100m or 300 x 200m for P1 category.

· Geochemical Sampling – 737 geochemical samples collected.

· Geophysical Logging: – 6,607 linear metres of gamma logging.

The results of the historical exploration found that the Rulikha Deposit hosts VMS-polymetallic mineralisation, primarily copper, zinc and lead, with minor gold and silver. Mineralisation is localised in tuffs, volcanic sediments and extrusive units from the Middle-Upper Devonian boundary. Mineralisation is associated with vein-type and stratiform ore lenses. Metallurgical or processing test work for the Rulikha Deposit has not been completed to date.

Contacts:

East Star Resources Plc

Alex Walker, Chief Executive Officer

Tel: +44 (0)20 7390 0234 (via Vigo Consulting)

SI Capital (Corporate Broker)

Nick Emerson

Tel: +44 (0)1483 413 500

Vigo Consulting (Investor Relations)

Ben Simons / Peter Jacob / Anna Stacey

Tel: +44 (0)20 7390 0234

About East Star Resources Plc

East Star Resources is focused on the discovery and development of copper and gold in Kazakhstan. East Star’s management are based permanently on the ground, supported by local expertise. The Company is pursuing multiple exploration strategies:

· Volcanogenic massive sulphide (VMS) exploration, which to date includes a deposit with a maiden JORC MRE of 20.3Mt @ 1.16% copper, 1.54% zinc and 0.27% lead, in an infrastructure-rich region, amenable to a low capex development

· Copper porphyry and epithermal gold exploration, with multiple opportunities for Tier 1 deposits, initially supported by an initial US$500k grant from BHP Xplor in 2024

Visit our website:

www.eaststarplc.com

Follow us on social media:

LinkedIn: https://www.linkedin.com/company/east-star-resources/

X: https://x.com/EastStar_PLC

Subscribe to our email alert service to be notified whenever East Star releases news:

www.eaststarplc.com/newsalerts

The person who arranged for the release of this announcement was Alex Walker, CEO of the Company.

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310) (‘UK MAR’). Upon the publication of this announcement, this inside information (as defined in UK MAR) is now considered to be in the public domain.

Competent Person Statement

Scientific or technical information in this disclosure related to exploration was reviewed by Dr Tremain Woods, a full-time employee of Discovery Ventures Kazakhstan Ltd, a 100% owned subsidiary of East Star Resources PLC. Dr Woods is a member in good standing with the Geological Society of South Africa. He has sufficient experience that is relevant to the commodity, style of mineralisation or type of deposit under consideration and activity which he is undertaking to qualify as a Competent Person under the JORC code (2012 Edition).

Table 1 – Significant Historical Drill Results

Table 2 – JORC Code, 2012 Edition

Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

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(TheNewswire)

GRANDE PRAIRIE, ALBERTA – October 21, 2025 TheNewswire – Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) announces management’s intent for exploratory oil and gas drilling on Block VIII, Cambodia.

Angkor’s subsidiary EnerCam Resources Co. Cambodia Ltd. (‘EnerCam’) completed approximately 350-line kilometres of 2-D seismic across Block VIII in southwest Cambodia at the end of September 2025.  These seismic lines are being processed and interpreted in batches and both the South Bokor and Central Bokor sections have identified at least three significant closed anticlines, one in South Bokor and two in Central Bokor  the northern one being probably larger than currently imaged due to a lack of extra seismic line data in that area of the sub-basin.

CEO Delayne Weeks comments on the findings to date, ‘Although we await results from additional seismic lines, we are confident and very motivated with the interpretations of the data to date. Angkor Resources IDENTIFIES SECOND DRILL TARGET FOR OIL & GAS ON ITS BLOCK VIII, CAMBODIA | Angkor Resources Corp. Even with only half the interpretation of the seismic lines in hand, based on those results, we confirm that EnerCam is committed to drilling multiple exploratory wells in 2026.  These structures are of a quality and size that need to be tested and drilling is the only way to prove up Cambodia’s first onshore oil and gas resource.’

Dr. David Johnson, technical advisor to EnerCam, comments: ‘ Angkor’s decision to pursue drilling of both the South Bokor and Central Bokor structurally closed leads is extremely exciting and well founded. It is rare to find anticlines with four-way closures of over 48 square kilometres and 60 square kilometres respectively in a large sedimentary basin with indications of a working hydrocarbon system, and which have not yet been drilled. The anticlines present themselves clearly and are unmistakable in both the seismic line data and also in the surrounding surface geology.

The indications of a working hydrocarbon system are evident in the multiple legacy and newly discovered surface live oil seeps located within each of these sub-basins, and in adjacent basin areas. ‘

Dave Johnson continues his assessment, ‘ While seismic processing and interpretation is not yet complete, a potential thick ribbon-like top seal presents itself in multiple sections as a thick layer with clear, continuous, conformable reflectors (see Figure 3), consistent with mudstone and lower energy depositional environments.

An underlying potential reservoir-bearing section presents itself as a thick succession of semi-continuous higher amplitude reflectors with a cross-cutting habit, consistent with higher energy siliciclastic environments, or some carbonate facies development perhaps.  It is currently impossible to know for sure what these seismic facies represent in terms of sealing integrity, or both reservoir presence and quality, without drilling an exploratory wellbore to sufficient depth.

It is however, possible to estimate that the rock volume of a single ‘1 metre thickness reservoir zone’ under proven 4-way closure as 48 million and 60 million cubic metres respectively. There are indications of what geophysicists refer to as Direct Hydrocarbon Indicators (DHIs), and there is the potential for there being multiple layers of reservoir strata, satisfying the first essential requirement for the presence of significant hydrocarbon accumulation in place beneath the closed sealing formation cap layer.

Work is ongoing to better understand the potential hydrocarbon system and to reduce the risks associated with reservoir quality, seal integrity and source quality.  But only the drill bit will prove the true potential of these prospects.’

Management advances its activities, including sourcing a suitable oil and gas drilling rig and all the appropriate supporting equipment and ancillary services to bring into Cambodia to complete what will be the first onshore wells drilled in the nation.  Concurrently, the team is also working on efforts to improve the signal to noise data over each processed line as it becomes available to develop a stronger and broader picture of the potential in Block VIII.

Click Image To View Full Size

Figure 1 Typical ‘Triple’ Drilling Rig not yet closed in for winter conditions in open Prairie setting.

Click Image To View Full Size

Figure 2:-  Interpretation of our two anticlinal structures to date, South Bokor and Central Bokor (A double anticlinal dome), sitting on the west side of Bokor Mountain Park.  The structures are 4-way closed anticlinal domes, and each dome shows significant geographical size beneath a regionally consistent, thick, seismically defined, sealing mudstone layer.

Click Image To View Full Size

Figure 3:-  A West to East Seismic line through the South Bokor Structure displaying general seismic stratigraphy across this sub basin.

ABOUT Angkor Resources CORPORATION:

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia.   Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Saskatchewan, Canada.  ANGKOR’s carbon capture and gas conservation project is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across jurisdictions.

The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in Cambodia with multiple prospects in copper and gold.

Its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometres in the southwest quadrant of Cambodia called Block VIII.   The company then removed all parks and protected areas and added 220 square kilometres, making the just over 4270 square kilometres.  EnerCam is actively advancing oil and gas exploration onshore in Cambodia to meet its mission of discovering and proving Cambodia as an oil & gas producer.

CONTACT: Delayne Weeks – CEO

Email:- info@angkorresources.com Website: angkor resources.com Telephone: +1 (780) 831-8722

Please follow @AngkorResources on , , , Instagram and .

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

_____________________________________

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results o f future exploration, and the availability of financing.

Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

Nextech3D.ai (CSE:NTAR)(OTCQX:NEXCF)(FSE:1SS), an AI-first technology company specializing in event management, 3D modeling, and spatial computing, is pleased to announce the launch of its Blockchain Ticketing Platform powered by Ethereum, with support for Coinbase Wallet and MetaMask.

This launch accelerates the Company’s previously announced two-track blockchain strategy, which included:

• Phase 1: a custodial wallet solution targeted for Q4 2025; and
• Phase 2: a self-custody personal wallet option originally planned for early 2026.

Thanks to Nextechs3d.ai recent acquisition of Eventdex which had already developed a personal wallet architecture, the Company is now launching the personal wallet first, ahead of schedule. This milestone strengthens Nextech3D.ai’s position as a leader in AI-driven and blockchain-secured event technology.

Secure, Decentralized Ticketing on Ethereum

The new blockchain ticketing platform enables event organizers and attendees to issue, store, and verify tickets as Ethereum-based tokens, seamlessly connected to Coinbase and MetaMask wallets. These blockchain-integrated tickets are:

• Fraud-Resistant: Immutable, traceable smart contracts eliminate duplication and counterfeit risks.
• Programmable: Organizers can embed VIP access, sponsor perks, or resale royalties directly into each ticket.
• Interoperable: Works across Ethereum-based wallets and decentralized applications.

‘This launch marks a major leap forward in the event industry,’ said Evan Gappelberg, CEO of Nextech3D.ai. ‘By combining blockchain security, wallet interoperability, and AI-driven event automation, we’re creating a frictionless ecosystem for organizers, exhibitors, and attendees. It’s not just about ticketing-it’s about trust, transparency, and value.’

Beyond Ticketing: Blockchain Accreditation

While blockchain ticketing is the first application, Nextech3D.ai sees enormous potential to extend this technology into blockchain-based accreditation and credentialing-particularly for the Company’s continuing education clients in healthcare, higher education, and professional certification.

Using the same Ethereum infrastructure, Nextech3D.ai will enable event and education customers to issue verifiable, on-chain certificates that prove attendance, accreditation, and achievement-all easily stored and shared through blockchain wallets like Coinbase and MetaMask.

‘Our education and healthcare partners are already using our platforms to manage continuing education and compliance programs,’ added Gappelberg. ‘With blockchain accreditation, we’re turning those records into verifiable digital assets-giving institutions and participants a secure, permanent record of professional growth.’

AI + Blockchain: The Future of Event and Education Technology

Nextech3D.ai’s AI Event Suite now includes:

• AI Matchmaking: Intelligent, data-driven networking to connect attendees and exhibitors.
• AI Event Assistant: A real-time, multilingual event concierge available 24/7.
• Blockchain Ticketing: Decentralized ticketing and accreditation on Ethereum with Coinbase and MetaMask wallet support.

This integrated approach positions Nextech3D.ai to lead the convergence of AI, blockchain, and automation in global event and education markets, a sector representing multi-billion-dollar opportunities.

The company has entered into agreements (the ‘Agreements‘) with certain service providers of the Company pursuant to which the Company proposes to issue an aggregate of 3,688,218 common shares at a deemed price of Cdn$ 0.19 per share in consideration of past services and satisfaction of outstanding indebtedness

The share issuances remain subject to the approval of the Canadian Securities Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘1933 Act‘) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Nextech3D.ai

Nextech3D.ai (OTCQX: NEXCF | CSE: NTAR | FSE: 1SS) is an AI-first technology company developing advanced solutions for event management, 3D modeling, and spatial computing. Through its flagship Map D and Eventdex platforms, Nextech3D.ai powers thousands of events annually with interactive floor mapping, registration, ticketing, mobile apps, AI matchmaking, and now, blockchain ticketing and accreditation.

For further information, please visit: www.Nextech3D.ai.

Investor Relations: investors@nextechar.com

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Evan Gappelberg / CEO and Director
866-ARITIZE (274-8493)

Forward-looking Statements The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain information contained herein may constitute ‘forward-looking information’ under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, ‘will be’ or variations of such words and phrases or statements that certain actions, events or results ‘will’ occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws

Source

Silver Hammer Mining Corp. (CSE: HAMR) (the ‘Company‘ or ‘Silver Hammer‘) is pleased to announce it has entered into an option agreement (the ‘Option Agreement‘) on October 20, 2025 with Fahey Group Mines, Inc. (‘Fahey‘), pursuant to which the Company has been granted the right (the ‘Option‘) to acquire a 100% legal and beneficial interest in the Fahey Group Property (the ‘Property‘).

All currency references are in Canadian dollars unless otherwise stated.

Key Highlights of the Fahey Property:

• The Fahey Property consists of 360 acres, covered by 18, unpatented US lode claims, situated directly in the strategic center of the Silver Belt portion of the Coeur d’ Alene Mining District, one of the top known producing silver regions in the world where the Idaho State University (2006) estimated 1.18 billion ounces of silver has been produced.
• The Fahey Property is the last property within the Silver Belt that has remained largely unexplored despite its strategic prime location and has been one of the desired properties to be acquired and explored for many years.
• The Fahey Property has been owned by same family for over 60 years, and this will represent for the first time the Property has been available for exploration with modern exploration.
• The Fahey Property is ideally situated between two of the well-known silver mines in North America: the currently operating Galena Mine and the historic Sunshine Mine.
• The Fahey Property occupies a strategic position between property owned by ‘Sunshine Silver Mining and Refining’ and ‘Americas Gold and Silver’.
• The Fahey Property is underlain by the same favorable Revett Formation quartzite.
• The Americas Silver and Gold land position borders the Fahey Property to the East, which includes the operating Galena Mine and has produced million ounces of silver, along with the Coeur Mine and the Mineral Point Mine.
• More than 20 veins have been identified within the Fahey Property, which is more than the number of veins in either the Bunker Hill Mine (the largest mine in the district) or the Sunshine mine, with the greatest silver production in the Coeur d’Alene mining district.

‘The Company is extremely pleased to be able to secure such a strategic land holding surrounded by senior silver producers and explorers in one of the most sought-after locations in the Silver Valley. We are grateful to the Fahey Group to have confidence in our experienced exploration team,’ commented Peter A. Ball, President & CEO. ‘It is not often a junior is able to have the opportunity to acquire such an exciting silver project that has remained relatively underexplored and more notably surrounded by close to one billion ounces of silver that have been discovered, developed and mined over the past 100 years. Our technical team looks forward to bringing modern exploration to such an interesting and highly prospective silver project. We are pleased with the terms of the acquisition, allowing Silver Hammer to focus our hard dollars into the ground to make a potential discovery for our shareholders and the Fahey Group.’

Transaction Overview:

Under the terms of the Option Agreement, the Company may earn a 100% interest in the Property, free and clear of all encumbrances other than a retained royalty, by paying Fahey US$50,000 in cash and issuing C$450,000 worth of common shares of the Company (‘Consideration Shares‘), to be satisfied as follows: US$25,000 in cash within three (3) business days of the effective date of the Option Agreement; US$25,000 in cash on or before June 30, 2026; C$50,000 in Consideration Shares on or before December 31, 2026; C$75,000 in Consideration Shares on or before December 31, 2027; C$75,000 in Consideration Shares on or before December 31, 2028; C$125,000 in Consideration Shares on or before December 31, 2029; and C$125,000 in Consideration Shares on or before December 31, 2030.

In addition, the Company must incur an aggregate of at least C$1,500,000 in exploration expenditures on the Property, consisting of a minimum of C$200,000 on or before December 31, 2027 and a further C$1,300,000 on or before December 31, 2030, with any excess expenditures from earlier periods credited toward later commitments.

The Company may extend the deadline for the final share payment due December 31, 2030, as well as the exploration expenditure deadline of December 31, 2030, by one (1) year through the issuance of C$50,000 worth of Consideration Shares. The Company may also accelerate any cash payments, share issuances, or exploration expenditures at its sole discretion without penalty.

All Consideration Shares issued under the Option Agreement will be priced at the volume-weighted average trading price of the Company’s shares on the Canadian Securities Exchange (the ‘CSE‘) for the twenty (20) trading days prior to issuance, subject to the CSE’s minimum pricing requirements. If the deemed price is less than C$0.05 or otherwise not permitted under CSE policies and results in the aggregate value of the Consideration Shares issued being less than the stated dollar amount of the applicable installment, the Company will pay the shortfall to Fahey in cash (converted to equivalent value in US$) within sixty (60) days of the applicable issuance date. The Company will also have the option to make any payments in cash (converted to equivalent value in US$) in lieu of issuing Consideration Shares.

Upon exercise of the Option, the Company will grant Fahey a 2.0% net smelter returns royalty (the ‘Royalty‘) on the Property, which may be reduced by 0.5% (to 1.5%) upon payment of US$1,000,000 to Fahey.

Following exercise of the Option, upon the commencement of commercial production at the Property, the Company will also make a milestone payment of US$1,500,000 to Fahey, payable in cash, shares, or any combination thereof, at the Company’s discretion, within thirty (30) days of achieving commercial production.

Completion of the transaction remains subject to receipt of all required corporate and regulatory approvals, including the approval of the CSE. The transaction is an arm’s length transaction and will not result in any changes to the Company’s board or management. No finder’s fees will be paid in connection with the transaction.

All securities issued pursuant to the transaction will be subject to a statutory hold period of four months in accordance with applicable securities laws.

Fahey Project Overview and Location Map:

The 18 unpatented claims of the Fahey Property are located in the heart of the Silver Belt sector of the Coeur d’Alene mining district (Fig. 1). The Coeur d’Alene district is one of the premier silver-producing mining districts in the world. The Silver Belt accounts for just over half of the silver produced in the district, and there is no meaningful production recorded and very limited exploration on the Fahey Property.

Figure 1. Location map of the principal mines in the Coeur d’Alene district. The location of the Fahey property marked by the red ellipse and the Silver Belt by the green ellipse.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9597/271122_16465b10f4656908_001full.jpg

Readers are cautioned that the Company has not independently verified the information in respect of properties adjacent to the Fahey Property and the mineralization on adjacent properties may not be indicative of the mineralization on the Fahey Property.

The scientific and technical information in this news release has been reviewed and approved by Damir Cukor, P.Geo., the Company’s Technical Director – Projects and a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company focused on advancing past-producing high-grade silver projects in the United States. Silver Hammer controls 100% of seven previously producing silver mines which are located within the Silver Strand Project in the Coeur d’Alene Mining District in Idaho, USA, and within the Eliza Silver Project and the Silverton Silver Mine in Nevada. The Company also controls the Lacy Gold Project in British Columbia, Canada. Silver Hammer’s primary focus is to explore, define and develop silver projects near past-producing mines that have not been adequately tested. The Company’s portfolio also provides exposure to copper and gold.

On Behalf of the Board of Silver Hammer Mining Corp.

Peter A. Ball
President & CEO, Director
E: peter@silverhammermining.com

For investor relations inquiries, contact:

Peter A. Ball
President & CEO
778.344.4653
E: investors@silverhammermining.com

Forward-Looking Information

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information in this press release includes, without limitation, statements relating to the Offering, the intended use of proceeds from the Offering, and other statements which are subject to a number of conditions, as described elsewhere in this news release. These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks regarding the mining industry, commodity prices, market conditions, general economic factors, management’s ability to manage and to operate the business, and explore and develop the projects of the Company, and the equity markets generally. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance of the Company may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

Source

(TheNewswire)

In addition, the Qualified Person (QP) for the project and author of the NI43-101 report, Jorge Ortega, P.Geo., continues in the role of Exploration Manager and is already actively supervising our geological team that has taken more than a thousand surface and underground samples at site and is building a solid understanding of the controls on gold-silver mineralization in this high-grade low sulphidation epithermal system.

‘I am excited to be working with both Carlos and Jorge again ,’ stated Robert Archer, Pinnacle’s President & CEO.  ‘As former General Manager of the Guanajuato Mine and Exploration Manager for Great Panther Silver, respectively, they both played integral roles in the growth of that company.  Our current mine geologist also used to work at the Guanajuato Mine during that time.  As we move forward towards a production scenario at El Potrero, it is gratifying to be able to draw on their expertise in building a new team, to maximize the chance of success.’

Ing. Castro has a degree in Mining Engineering and Mineral Processing ( Ingeniero de Minas y Plantas de Beneficio) from the University of Guanajuato and has more than 45 years’ experience with companies such as Peñoles, Luismin, Great Panther and First Majestic.  He has held positions ranging from Mine Superintendent to General Manager of various mining operations and, for Rochester Resources, supervised the construction of a 300 tonne per day processing plant in 7 months, which will be particularly relevant at El Potrero.

Mr. Ortega is a Professional Geologist with a B.Sc. in Geological Engineering from the National Autonomous University of Mexico and an M.Sc. in Earth Sciences from Laval University in Quebec.  He has 30 years’ experience in all aspects of exploration in a variety of geological environments in Mexico, Canada, the USA, Turkey, Peru, Chile and Germany.  Since 2008, he has held various positions in Mexico with Oro Silver, Alamos Gold, Great Panther and, most recently, as VP Exploration for Excellon Resources.

Qualified Person

Mr. Jorge Ortega, P. Geo, a Qualified Person as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed and approved this news release.

About the Potrero Property

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).

High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length.  The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.

A previously operational 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres.  Surface rights covering the plant and mine area are privately owned (no community issues).

Pinnacle will earn an initial 50% interest immediately upon commencing production.  The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR.  If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.

About Pinnacle Silver and Gold Corp.

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

Signed: ‘Robert A. Archer’

President & CEO

For further information contact :

Email: info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

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

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

United States Antimony (NYSE:UAMY) said on Sunday (October 19) that it is proposing to acquire Australian company Larvotto Resources (ASX:LRV).

In a takeover offer, USAC said that it would pay AU$1.40 per Larvotto share, a 12.9 percent premium to the stock’s last close.

Larvotto shareholders are set to receive six USAC shares for every 100 Larvotto shares held, bringing Larvotto’s value to AU$722.9 million.

Prior to this, USAC already secured approximately 10 percent of Larvotto’s total issued share capital, believing it is currently the company’s largest single shareholder. The acquisition forms part of USAC’s goal to become a major antimony producer.

Larvotto owns the dual-commodity Hillgrove antimony-gold project in New South Wales, which is expected to become Australia’s largest antimony producer.

Hillgrove is projected to produce about 7 percent of global antimony supply. It currently holds a mineral resource of 1.7 million ounces gold equivalent at 7.4 grams per tonne gold equivalent.

The project is scheduled to commence production in 2026.

‘Our proposal to combine with Larvotto reflects our deep commitment to build a world-class industry player in the critical minerals space and our strong conviction in the strategic and cultural fit between the two organizations as well as our countries,” commented USAC Chairman and Chief Executive Officer Gary C. Evans.

In a separate announcement, Larvotto confirmed receipt of the offer, saying that it is subject to certain conditions and will be “carefully considered” by the board.

Shares of Larvotto saw a spike following this announcement, closing at AU$1.295 on Monday (October 20). This represents a 4.44 percent increase from its Friday close of AU$1.240.

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