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Locksley Achieves Breakthrough in US Antimony Concentrate Tests

October 16, 2025 No Comments

Locksley Resources (ASX:LKY,OTQB:LKYRF,FSE: X5L) has been featured by The Sydney Morning Herald after achieving a major metallurgical breakthrough at its Desert antimony mine in California. The Australian company’s early flotation tests produced a 68.1 percent antimony concentrate, significantly surpassing industry benchmarks and nearing the theoretical maximum purity for stibnite.

The SMH report highlighted the result as evidence of the project’s strong potential and the relative simplicity of its processing method.

The test work, carried out in the United States, used a straightforward combination of rougher, regrind and cleaner flotation stages, yielding a high-grade product with low impurities. Locksley said the process required minimal modification, indicating the ore could be refined to ramp up both grade and recovery

The company plans to advance bulk underground sampling and pilot-scale testing, and will collaborate with Rice University to trial DeepSolv processing methods aimed at optimizing recovery.

According to the article, the development comes at a strategically important time. Antimony is a critical mineral used in defense, electronics and energy applications, and the United States is actively seeking to strengthen domestic supply chains under its “Made in America” initiative. If Locksley can replicate these results at scale, the Desert antimony mine could emerge as a key domestic source of high-grade antimony for the US market.

Read the full study here.

Click here to connect with Locksley Resources for an Investor Presentation

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JZR Gold: Near-term Cash Flow with Significant Upside for Gold Exploration in Brazil

October 16, 2025 No Comments

JZR Gold (TSXV:JZR) is advancing its Vila Nova gold project in Amapá, Brazil, to deliver sustainable shareholder value. The company is commissioning its Vila Nova pilot mill to process approximately 9 million tonnes of historical gold tailings grading 2.7 grams per tonne, representing more than 700,000 ounces of contained gold. Near-term cash flow from mill operations will support ongoing exploration to expand JZR’s gold resources.

The pilot mill will initially reprocess 2 million tonnes of tailings from past mining activities containing significant residual gold. With a planned throughput of 800 tonnes per day and an 89 percent recovery rate, the mill is expected to produce about 2 kilograms of gold daily.

Revenue from the Vila Nova pilot mill is anticipated in the first quarter of 2025, providing cash flow to cover operations and fund further exploration. By reinvesting early proceeds into resource expansion, JZR aims to delineate additional high-grade targets and drive phased, self-sustaining growth without significant external financing.

Company Highlights

Near term cash-flow from gold tailings operation at flagship Vila Nova gold project in Amapá, Brazil.
An estimated 9 million tonnes of gold tailings have been identified with grades averaging 2.7 g/t for a projected contained gold content of over 700,000 ounces.
The Vila Nova project has a fully permitted 800-ton-per-day pilot mill to process high-grade gold tailings for near-term cash flow.
JZR Gold has invested more than US$7 million in infrastructure and drilling at the Vila Nova project.
The Vila Nova project is situated in an underexplored region with significant geological upside and proximity to established mining operations.
Initial operations at Vila Nova are expected to yield approximately 2 kilograms of gold per day.

This JZR Gold profile is part of a paid investor education campaign.*

Click here to connect with JZR Gold (TSXV:JZR) to receive an Investor Presentation

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Skyharbour Partner Company Terra Clean Energy Announces Fraser Lakes B Deposit Recognized by Government of Canada as Active Rare Earth Deposit

October 16, 2025 No Comments

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ( ‘ Skyharbour ‘ or the ‘ Company ‘) is pleased to report that its partner company Terra Clean Energy Corp. (‘Terra’, previously Tisdale Clean Energy) has highlighted the rare earth element (‘REE’) potential at the Fraser Lakes B Deposit, confirmed by drilling and assays. The mineralization is predominantly uranium and thorium but the REE component within the deposit and surrounding areas contains significant quantities of rare earth oxides (‘REO’) specifically La₂O₃ (Lanthanum oxide), Ce₂O₃ (Cerium oxide), Yb₂O₃ (Ytterbium oxide), and Y₂O₃ (Yttrium oxide) as reported in the technical report filed under Terra’s profile on sedarplus.ca on February 9 th 2023. Skyharbour optioned the Project to Terra, and under the Option Agreement, assuming the 75% interest is earned, Terra will fund exploration expenditures totaling CAD $10,500,000, as well as pay Skyharbour CAD $11,100,000 in cash, of which $6,500,000 can be settled for shares in the capital of Terra over the earn-in period.

Map of South Falcon East Project Claims:
https://skyharbourltd.com/_resources/maps/Sky_SouthFalconEast_20250109.jpg?v=1

These light rare earths are key elements in automotive, batteries, magnets as well as other industries. Lanthanum has two main uses: as a phosphate binder in medicine to treat high blood phosphate levels in kidney disease patients, and in various industrial applications like manufacturing nickel-metal hydride batteries, catalytic converters, specialty glass, and as a component in alloys for lighters and other products.

Cerium is used in a variety of applications, including as a polishing agent for glass and a catalyst in automotive catalytic converters to reduce emissions. It is also used in metallurgy to improve alloys and steel, and in the production of flints for lighters, incandescent gas mantles, and components for batteries.

Ytterbium is used in a variety of applications including improving stainless steel, dental alloys, portable x-ray machines, atomic clocks, superconductors, lasers and amplifiers, fiber optic communications, and quantum computing.

Yttrium is used in a variety of applications, most notably as a key component in phosphors for LEDs and displays, and in lasers for medical and industrial uses. It is also used in ceramics, such as those for high-temperature fuel cells and medical implants, as a metallurgical additive for alloys, and in electronics like microwave filters and automotive sensors. Additionally, specific yttrium isotopes have medical applications in cancer therapy and diagnostic imaging.

Below is a link from the Natural Resources Canada (NRC) website showing the Falcon Point Project in Saskatchewan which hosts the Fraser Lakes B Deposit. The South Falcon East Project is a portion of this former project. Through an NRC grant to the University of Saskatchewan in March 2024, The Government of Canada has contributed to a multiyear study of REE’s in northeastern Saskatchewan. The Fraser Lakes B Deposit is part of this study and Terra is a participating partner. REE’s continue to be identified in recent drilling programs.

https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts/rare-earth-elements-facts

‘With renewed interest in rare earth elements it is important that shareholders understand we are sitting on an active REE deposit,’ said Greg Cameron, CEO of Terra. ‘This deposit adds significant upside, particularly in light of the recent environment which places far more value on the strategic importance of rare earth elements. Management is committed to making sure this value is understood and unlocked as we continue with the ongoing advancement Fraser Lakes,’ continued Mr. Cameron.

‘We are excited to be involved in the expansion of Rare Earth Element deposit understanding and inventory in Canada’, commented Trevor Perkins, Vice President of Exploration for Terra. ‘With the current emphasis on REE, it is time to highlight this aspect of our Fraser Lakes B Uranium and REE Deposit. We are sure that with continued drilling and study of the Fraser Lakes B deposit we will add to both the uranium and REE resource,’ continued Mr. Perkins.

South Falcon East Project Summary:

The South Falcon East Project is a uranium exploration project in the southeast Athabasca Basin and represents a portion of Skyharbour’s former Falcon Point Project. The project covers approximately 12,464 hectares and is located 18 kilometres outside the Athabasca Basin, roughly 50 kilometres east of the Key Lake mill.

The project hosts the Fraser Lakes B Uranium-Thorium Deposit, which contains a historical inferred resource of 6.9 million pounds U₃O₈ at an average grade of 0.03% U₃O₈ and 5.3 million pounds ThO₂ at 0.023% ThO₂. Mineralization is hosted in shallow, structurally disrupted metasedimentary rocks and pegmatites, displaying Athabasca-style basement-hosted characteristics and occurring in association with well-defined EM conductors.

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 Terra Clean Energy Corp.:

Terra Clean Energy (formerly Tisdale Clean Energy Corp) is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project, which hosts an inferred uranium resource within the Fraser Lakes B uranium/thorium deposit, located in the Athabasca Basin region, Saskatchewan, Canada.

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-seven projects covering over 616,000 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://skyharbourltd.com/_resources/news/SKY_SaskProject_Locator_2025_07_16_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.

The securities offered 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 U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the Private Placement. Although management 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 or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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News Provided by GlobeNewswire via QuoteMedia

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In Latest News

Trump reveals which major US city is next in crime crackdown while touting success of ‘Operation Summer Heat’

October 15, 2025 No Comments

President Donald Trump on Wednesday announced federal law enforcement will next set its eyes on San Francisco, commending the FBI’s more than 23,000 violent criminal arrests, which he said is more than double the number arrested in the final year of the Biden administration.

During an Oval Office news conference at the White House, Trump said the FBI has ‘destroyed or severely disrupted’ more than 170 organized criminal enterprises and gangs, 1,600 of the most violent gangs, and confiscated more than 6,000 illegal firearms since he was sworn in.

He added he wants to make every city safe, and his focus has turned to San Francisco.

‘These are great cities that could be fixed,’ the president said. ‘I’m going to be strongly recommending … [we] start looking at San Francisco. I think we can make San Francisco one of our great cities. … It’s a mess, and we have great support in San Francisco. … Every American deserves to live in a community where they’re not afraid of being mugged, murdered, robbed, raped, assaulted, or shot.’

During the news conference, FBI Director Kash Patel announced ‘Operation Summer Heat,’ which the FBI created to target violent criminals, yielded 8,700 arrests of violent offenders in three months.

More than 2,200 guns and 421 kilograms of fentanyl seized during the operation—enough fentanyl to kill 55 million Americans, according to Patel.

To date, he said the FBI has seized 1900 kilograms of fentanyl—enough lethal doses to kill 127 million Americans alone to date.

‘If you look at the past four years of the Biden administration, [there were] 16,000, 17,000, 15,000, 15,000 … arrests year over year of violent felons in this country,’ Patel said. ‘You have 28,600 arrests of violent felons in just seven months alone because of your leadership and the dedication of the men and women at the FBI who want to go out there and do the job they were prevented from doing. … This number is historic by every metric.’

Patel also highlighted the FBI’s efforts to find missing children, claiming 5,400 were located since January.

‘That is a 30% increase year to date over the last administration,’ he said. ‘Violent crimes against children arrests alone are up 10% [and] gang arrests are up 210% in the last seven months alone. … Mr. President, you said we have to go after the worst of the worst. … This is just the beginning.’

This post appeared first on FOX NEWS

In Investing

Steadright MOU to add Two Further Exploration Licenses to Titanbeach Titanium Project in Morocco

October 15, 2025 No Comments

Steadright Critical Minerals Inc. (CSE: SCM) (“Steadright” or the “Company”) is pleased to announce that it has entered into an MOU to purchase two additional claims contiguous to the TitanBeach Titanium Project along the shores of the Coastal waters of the Atlantic Ocean. These two additional exploration Licenses will add another 32 Sq. km’s to the 12 existing claims of 192 Sq. Km’s within NSM Capital Sarl (“NSM”) once the MOU purchase agreement is finalized.

Steadright Critical Minerals Inc. has entered into an MOU agreement with an Intermediator, a research and exploration mining corporation out of Laayoune, Morocco. According to the MOU agreement Steadright will pay up to $150,000 USD for two exploration licenses in a deal currently being finalized, and add them to NSM Capital Sarl, a Moroccan run company. Steadright is a shareholder of NSM Capital, which is operated as a Moroccan Corporation, with 75% of the common shares. There will be no Net Smelter Royalty on the two new exploration licenses to be acquired. NSM Capital Sarl controls 100% the Mineral Licenses known as the TitanBeach Titanium Project.

Exploration work continues on the TitanBeach Titanium Project and NSM expects a larger exploration program to commence in November 2025, with its Moroccan exploration team being involved. NSM Capital Sarl continues to work with officials for their input, as part of the process for a comprehensive plan that involves applying for a Mining and Environmental License in November.

Steadright’s CEO, Mr. Matt Lewis states, “Government and local support are key aspects of any mining operation. Moroccan officials have been extremely professional and helpful throughout the company’s rapid growth process, and we are very grateful. The various Moroccan agencies and our Moroccan team on the ground are second-to-none when it comes to getting things done.”

Titanium Dioxide (TiO2). Titanium Dioxide is classified as a Critical and Strategic Mineral in the U.S., Canada, Europe, and a significant amount of the world’s other countries. With only a few of the world’s suppliers dominating the market, TiO2 is in strong demand.

ABOUT STEADRIGHT 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. Steadright is focused on near-term production in Morocco. Steadright currently is also renegotiating an option on the RAM property near Port Cartier, Quebec within the Côte-Nord Region, which is accessible by Route 138. The RAM project 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: info@steadright.ca

Website: www.steadright.ca

Phone: 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.

Source

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In Latest News

Judge temporarily blocks Trump admin layoffs of thousands of federal workers during government shutdown

October 15, 2025 No Comments

A federal judge in San Francisco on Wednesday blocked the Trump administration from continuing government furloughs, granting a temporary restraining order sought by labor unions that argued layoffs were unlawful during the ongoing government shutdown.

U.S. District Court Judge Susan Illston, a Clinton appointee, ordered the administration not to issue any reduction in force notices to federal employees in ‘any program, project or activity,’ including any bargaining unit or member represented by the unions during, or because of, the shutdown.

‘The evidence suggests OMB and OPM have taken advantage of the lapse in government spending–function to assume all bets are off and that the laws don’t apply to them,’ Illston said.

She further claimed the administration’s actions were ‘…illegal and is in excess of authority and is arbitrary and capricious.’

In a court filing Tuesday night, an official with the Office of Management and Budget (OMB) said more than 4,000 government workers had already received reduction in force notices.

This is a developing story. Please check back for updates.

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In Latest News

House Republicans say GOP holds winning hand in shutdown fight with Democrats

October 15, 2025 No Comments

Members of the conservative House Freedom Caucus, led by GOP Conference Chair Lisa McClain, R-Mich., held a press conference on Wednesday afternoon, making the argument that Republicans have a winning hand when it comes to messaging over the government shutdown — even as the stalemate drags on into a 15th day.

To the group’s chair, Rep. Andy Harris, R-Md., that’s because the ball is solidly in the Democrats’ court.

‘We’re in the second week of a shutdown with no end in sight. Hopefully, the Senate Democrats change their minds and decide to reopen the government. But until then, the Republicans are standing together,’ Harris said.

During the call, members doubled down on support for the clean-spending extension Republicans advanced last month — not just as a matter of policy, but also as a facet of public opinion.

‘I think if the American people understand the truth, they will put pressure on their Democratic senators to actually open up the government,’ McClain said.

Republicans need the support of at least seven Democrats in the Senate to clear the 60-vote threshold to pass spending legislation over a filibuster. The GOP holds 53 seats in the chamber.

Congress remains gridlocked over funding allocations for the 2026 fiscal year which began at the start of October. Although Republicans had advanced a short-term spending plan to keep the government open through Nov. 21, the government entered a shutdown on Oct. 1 when Democrats made it clear they wouldn’t support any spending extension without a key add-on: the continuation of emergency, COVID-era healthcare subsidies set to expire at the end of 2025.

‘We passed it clean, no gimmicks. No gimmicks, no tricks, just at the exact same funding levels, of which, I might add, the Democrats put in place, that they voted for 13 times ago, as recently as March. But Democrats killed it,’ McClain said, referring to the Republican-led stopgap legislation.

Republicans have framed the standoff as a Democrat attempt to take the government hostage over bloated government programs that would add billions to the country’s expenses.

Democrats see the shutdown as a Republican refusal to negotiate over healthcare — one that will spike the monthly premiums of anyone currently relying on the expanded COVID-era subsidies to pay for Obamacare health insurance plans.

Members of the Freedom Caucus said that consideration of some sort of tax-credit extension is still out of the question.

‘The bottom line is that the COVID-era enhancements have to end. Should we be looking at other reforms to Obamacare to stop the upward spiral of insurance premiums? Sure, we should. But to discuss, again, COVID-era enhancements as the Democrats want to do is a complete nonstarter,’ Rep. Keith Self, R-Tx., said.

That’s of particular focus to the House Freedom Caucus; since its formation in 2015, the group has always had its eye on reeling in government spending.

Some members of the caucus noted that it’s unusual for the group to support a clean-funding extension at levels the group believes are too high to begin with.

‘We’ve given [in] to the Democrats by extending the Biden policies, Biden funding. We could put Republican priorities — Republican funding requests on this, but we didn’t. So, we have already given [in] on this. They are demanding more. Well, not this time,’ Harris said.

As the shutdown enters a third week, neither side has signaled an intent to blink any time soon.

The Senate will consider spending legislation again on Thursday. If it fails, it will mark the 10th time Democrats have rejected the Republican-led spending extension.

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In Investing

Lynette Zang: Gold, Silver Price Surge — “This is the End Game for Fiat”

October 15, 2025 No Comments

Lynette Zang, CEO of Zang Enterprises, shares her thoughts on what the gold and silver price surge says about the world today, emphasizing that people are increasingly losing confidence in the monetary system at a global scale.

Zang also shares how she’s now considering not just a Plan B, but also a Plan C.

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

This post appeared first on investingnews.com

In Investing

Gold, Silver in Focus, Investors Flocking to Safe Havens — Wheaton’s Haytham Hodaly

October 15, 2025 No Comments

Haytham Hodaly of Wheaton Precious Metals (TSX:WPM,NYSE:WPM) discusses what’s driving gold and silver’s record-setting price moves.

He also weighs in on the company’s bull market strategy, and the types of conversations Wheaton is having with investors, saying there’s a growing appreciation of safe havens.

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

This post appeared first on investingnews.com

In Investing

JZR Gold

October 15, 2025 No Comments

Investor Insight

JZR Gold has garnered attention for its strategic focus on the Vila Nova gold project in Amapá, Brazil. As the company moves toward near-term cash flow generation through innovative tailings reprocessing, JZR Gold is well-placed to become a viable player in Brazil’s gold mining industry.

Overview

JZR Gold (TSXV:JZR) is focused on advancing its Vila Nova gold project in Amapá, Brazil to create sustainable shareholder value. Recognizing the need for efficient operations, JZR Gold has chosen to commence its Vila Nova pilot mill, designed to process tailings from historical gold mining activities. The project holds approximately 9 million tonnes (Mt) of gold tailings, with an estimated average grade of 2.7 grams per tonne (g/t), translating to a projected contained gold content of over 700,000 ounces. The near-term cash flow generated from mill operations will fund further exploration work aimed at expanding JZR’s gold resources.

The pilot mill will initially focus on reprocessing 2 million tonnes of tailings from past mining activities. These tailings represent substantial residual gold that was left unextracted during previous operations. With a target daily processing rate of 800 tonnes, the mill is expected to yield approximately 2 kilograms (kg) of gold per day, based on a recovery rate of approximately 89 percent.

JZR’s processing method does not use harmful chemicals; instead, it employs gravitational processing, which involves crushing, grinding and centrifugation. This environmentally friendly approach enables JZR to meet both regulatory and community standards while minimizing its environmental impact.

The revenue from the Vila Nova pilot mill is expected to begin in the first quarter of 2025. This cash flow will not only cover operational expenses, but also fund subsequent exploration phases. By reinvesting the initial revenue into exploration, JZR Gold can expand its resource base and delineate additional high-grade gold targets. This phased approach reflects the company’s focus on incremental growth and value creation without requiring substantial external financing.

JZR Gold has obtained all the necessary permits to conduct bulk sampling at the Vila Nova site, allowing the company to extract up to 600,000 tonnes of tailings annually. This capacity provides the flexibility to ramp up operations if needed, ensuring the company can respond to both market demand and operational needs. The permitting process in Brazil is rigorous, and JZR’s ability to secure these permissions reflects its commitment to regulatory compliance and sustainable resource management.

Company Highlights

Near term cash-flow from gold tailings operation at flagship Vila Nova gold project in Amapá, Brazil.
An estimated 9 million tonnes of gold tailings have been identified with grades averaging 2.7 g/t for a projected contained gold content of over 700,000 ounces.
The Vila Nova project has a fully permitted 800-ton-per-day pilot mill to process high-grade gold tailings for near-term cash flow.
JZR Gold has invested more than US$7 million in infrastructure and drilling at the Vila Nova project.
The Vila Nova project is situated in an underexplored region with significant geological upside and proximity to established mining operations.
Initial operations at Vila Nova are expected to yield approximately 2 kilograms of gold per day.

Key Project

Vila Nova Gold Project

The Vila Nova project is JZR Gold’s flagship venture, situated in the mineral-rich yet underexplored region of Amapá, Brazil. This region has attracted significant interest due to its geological similarities to other major gold-producing areas, including parts of West Africa and Ontario, Canada. Amapá has a long mining history, but much of its potential remains untapped, making Vila Nova a critical asset for JZR Gold.

Located in the Mazagão municipality of Amapá, Vila Nova lies within the Vila Nova Greenstone Belt, a region known for hosting orogenic gold deposits. These deposits are typically found along fault lines or shear zones and can yield significant mineral resources at depth. The Vila Nova deposits are found along a north-south shear zone, close to the contact between metasediments and amphibolites, offering strong geological continuity and potential for resource expansion.

The presence of nearby mining operations, such as the Tucano and Gaivotas mines, further highlights the region’s potential. These sites, along with Vila Nova, collectively form one of the most substantial gold-producing zones in Amapá. Vila Nova’s proximity to the city of Macapá, located roughly 145 kilometers away and accessible by highway, enhances its logistical advantages, with Macapá offering both major airport access and essential infrastructure.

JZR Gold’s Vila Nova pilot mill, which is fully permitted, is key to the company’s strategy of achieving early cash flow. Through gravitational processing, the mill is expected to yield approximately 2 to 3 kg of gold daily. These reprocessing activities not only provide cash flow, but also enable JZR to avoid the environmental costs associated with conventional mining techniques. The company has invested more than US$7 million in developing Vila Nova’s infrastructure, including core drilling, sampling and trenching of tailings to prepare the site for full-scale operations.

While tailings reprocessing is the initial focus, Vila Nova offers ample potential for primary exploration as well. The geological characteristics of the Vila Nova Greenstone Belt suggest that additional gold resources could be discovered through deeper exploration. By using cash flow from the tailings operation, JZR Gold can undertake targeted drilling and geological surveys to expand its resource base, thereby increasing the project’s overall value.

Management Team

Robert Klenk – CEO and Director

As CEO, Robert Klenk brings more than 20 years of experience in corporate finance and resource management to JZR Gold. His leadership emphasizes operational efficiency and shareholder value, guiding JZR’s efforts in establishing Vila Nova as a profitable, environmentally conscious mining operation. He has been the CEO of JZR Gold since April 2017, restructuring the company and acquiring the Vila Nova project in Brazil. He holds an MBA in finance from the University of British Columbia and a Bachelor of Science in finance from the University of Illinois. During his career, he has worked at the Chicago Board Options Exchange, West Coast Energy, and as an investment advisor for Merrill Lynch, CIBC Wood Gundy and Canaccord Genuity in Vancouver.

Ron Tewitz – Chief Operating Officer and Director

Ron Tewitz is responsible for overseeing day-to-day operations at Vila Nova. His extensive experience in project management and mining operations ensures JZR Gold’s activities are executed with precision, safety and regulatory compliance. Tewitz was appointed director of JZR Gold in December 2020.

Graham Carter – Director

Graham Carter provides strategic oversight and contributes to long-term planning. His experience in corporate governance and resource development complements JZR’s growth-oriented approach.

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