The global pharmaceutical market is set to surpass a total value of US$1.75 trillion by the end of the decade, according to Evaluate Pharma.

Experienced and novice investors alike may want to consider pharmaceutical exchange-traded funds (ETFs) as a way to gain exposure to the top pharma companies. Like all ETFs, pharmaceutical ETFs are a good option for those who want to trade a set of assets in the pharmaceutical industry instead of focusing solely on individual pharmaceutical stocks.

The main advantage of a pharmaceutical ETF is the fact that it can provide exposure to an overarching sector, but still trades like a stock. Pharma ETFs also offer less market volatility and lower fees and expenses.

Securities Disclosure: I, Melissa Pistilli, hold no investment interest in any of the companies mentioned in this article.

South Harz Potash Limited (SHP:AU) has announced Investor Presentation Scandinavian Copper-Gold Project

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South Harz Potash Limited (SHP:AU) has announced Option to Acquire Scandinavian Copper-Gold Project

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Speaking at Benchmark Week, Iola Hughes, head of battery research at Benchmark Mineral Intelligence, outlined a market that is undergoing “very strong growth’ and becoming indispensable to energy security.

Hughes described energy storage as the fastest-growing segment in the battery sector today.

Benchmark expects the market to expand by roughly 44 percent this year, nearly doubling the growth rate of overall lithium-ion battery demand, which is projected at 25 percent.

As a result, energy storage is set to account for a quarter of total battery demand in 2025.

Global battery energy storage system deployment, 2022 to 2025.

Photo via Georgia Williams.

In the US, the trend is even more pronounced.

“We’re expecting energy storage to account for 35 to 40 percent of battery demand in the US in the next few years,” Hughes told the audience at the California-based conference. That shift is reshaping the supply chain, chemistry choices and the strategic priorities of both policymakers and manufacturers.

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

Aurum Resources (AUE:AU) has announced Aurum completes $22.98M Montage share sale

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Altech Batteries (ATC:AU) has announced Altech – Board and Management Changes

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Metals One (AIM: MET1, OTCQB: MTOPF), a critical and precious metals exploration and development company, is pleased to announce it is making a strategic investment of up to US$1.8 million in Lions Bay Resources (‘LBR’) by way of convertible loan notes (‘CLN’).

LBR is a South African private company formed earlier this year to hold partnership assets. It is jointly owned by Lions Bay Capital Inc. (‘Lions Bay’) (TSX-V: LBI) (Metals One: 19.1%) and by the Salamander Mining management team (‘Salamander’) headed by Graham Briggs (Non-Executive Chairman), the former CEO of Harmony Gold, South Africa’s largest gold producer and Lloyd Birrell (CEO), the founder and former CEO of Theta Gold (ASX:TGM).

LBR has secured an option for US$1.36 million over a large cogeneration plant located in the Karbochem Industrial Park, Newcastle, South Africa (‘Plant’). Research and planning has commenced around modifying the Plant to produce power and steam whilst also roasting refractory gold concentrates, common to mines in the region. Metals One and LBR have recently conducted due diligence on the Plant and have agreed to apply part of the funds from the CLN to exercising the option.

The Plant currently has the below specifications and associated infrastructure:

• 2 x 30 tonnes per hour (‘TPH’) Thermax combustion boilers
• 6 MW GE-Triveni steam turbine
• The Plant is configured to take coal from local dumps and biomass as feedstock
• Boiler house, turbine, control room and motor control centre
• Compressed air plant and electrical sub-station
• Inclined conveyor to six silos (1,500m³ each)

The Plant was inspected and verified by Terravista Solutions P. Ltd in October 2025 and ascribed a replacement value of US$39.6 million. Subject to receipt of a competent persons report, to be funded from the proceeds of the CLN, it is expected that the Plant will require approximately US$4.5 million to restart production of steam and power.

A large chrome smelter operation adjacent to the Plant, requiring power and steam, has been engaged and discussions around a mutually beneficial offtake agreement are underway.

Pending confirmatory research and studies, LBR plans to reconfigure the Plant to include a gold concentrate roasting complex, an alternative solution to exporting gold-bearing concentrate from South Africa to Asian smelters. This process has the potential to create a further revenue stream for the Plant by toll processing material from regional mines, while sustaining production of steam and power. At the election of Metals One, part of the proceeds from the CLN will be applied to commissioning a further technical report on the reconfiguration of the Plant to include a gold roaster.

The region is host to numerous multi-million-ounce gold deposits and tailings resources, the mining of which generate concentrate, all within a 300km radius of the Plant. In addition to the larger mining complexes, there are several small deposits which are unable to satisfy the high capital requirements of standalone operations that would benefit from a large centralised roasting facility such as LBR’s.

The near-term strategy for LBR is to acquire regional gold mining and tailings assets as potential feedstock for the gold roaster. Metals One and LBR have been working together on identifying acquisition opportunities that suit the potential configuration of the Plant and gold roaster, some with substantial gold inventory and mining infrastructure.

CLN

Metals One has conditionally agreed to subscribe for up to US$1.8 million CLNs in LBR in tranches, subject to the satisfaction of certain conditions in respect of each tranche, as below.

• Metals One being satisfied with legal, financial and technical due diligence on LBR and its assets (including the Plant)
• In respect of tranche 1, a technical report confirming the replacement value of the Plant having been issued by a competent person
• In respect of tranche 2, LBR and Lions Bay having entered into legally binding transaction documents in respect of the Plant pursuant to which LBR will acquire a 100% legal and beneficial interest in the Plant
• First ranking security, in agreed form having been granted to Metals One
• The warranties and representations remain true and accurate in all respects
• LBR and Lions Bay having complied with all its obligations under the agreement
• LBR having obtained shareholder and board approval, to the extent required, to issue the CLNs and to allot shares on a conversion
• No event of default having occurred and is continuing

It is expected that tranches 1 and 2 will be for US$175,000 and US$1.625 million respectively. Any further tranches are to be made available at Metals One’s discretion and Metals One is to have the ability to require LBR to draw down amounts.

In consideration for Metals One’s subscription, LBR has agreed to issue Metals One such number of new shares on the date of the convertible loan note instrument as is equal to 5% of the issued share capital of LBR on a fully diluted and enlarged basis (‘Introduction Shares’).

The CLNs are to be redeemable for cash on an event of default or at the option of Metals One on first anniversary of the grant of the respective CLNs (the ‘Maturity Date’).

Metals One is to have the option to convert the CLNs into the most favourable class of shares in the capital of LBR in certain circumstances, including (but not limited to) on LBR acquiring the plant and on the relevant Maturity Date.

Assuming that Metals One advances the full US$1.8 million to LBR, upon conversion of the CLNs, Metals One’s shareholding in LBR is to be at least 30% of the issued share capital of LBR on a fully diluted and enlarged basis. Until conversion or redemption, the CLN attracts a 10% coupon that compounds annually that is to be rolled up and become payable in cash on the relevant Maturity Date or convertible into LBR shares, at the election of Metals One.

The CLNs are to be secured, amongst other things, by first ranking security over the assets of LBR.

Dan Maling, Managing Director of Metals One, commented:

‘South Africa is historically the world’s largest gold producer, and we believe it has the perfect ingredients of abundant resources, infrastructure and mining expertise to become a leader once again.

With the acquisition of the gold roaster and associated infrastructure, alongside the experienced mining team at Salamander, LBR has the foundations to be a significant, vertically integrated South African gold company.

Metals One remains well financed with over £9 million in cash and liquid investments. Our network and ready access to capital enables us to facilitate downstream acquisitions such as this. We look forward to providing further updates on the growth opportunities with Lions Bay Resources in the coming months.’

Enquiries:

About Metals One

Metals One is pursuing a strategic portfolio of critical and precious metals projects and investments underpinned by the Western World’s urgent need for reliably and responsibly sourced raw materials – and record high gold prices. Metals One’s shares are listed on the London Stock Exchange’s AIM Market (MET1) and on the OTCQB Venture Market in the United States (MTOPF).

Map of Metals One projects/investments

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Market Abuse Regulation (MAR) Disclosure

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulations (EU) No. 596/2014 which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (‘MAR’).

Nominated Adviser

Beaumont Cornish Limited (‘Beaumont Cornish’) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

Source

TORONTO, ON / ACCESS Newswire / November 27, 2025 / NextSource Materials Inc. (TSX:NEXT,OTC:NSRCF)(OTCQB:NSRCF) (‘NextSource’ or the ‘Company’) announces that its senior executive team successfully hosted a comprehensive site visit on November 25, 2025 to the property and industrial building secured for its first commercial-scale Battery Anode Facility (‘BAF’) in the Industrial City of Abu Dhabi (‘ICAD’) in the United Arab Emirates (‘UAE’).

Proposed Renovation of the Building of the UAE BAF	Actual Building Secured for the UAE BAF

The site visit brought together a select delegation of global and regional investors, sovereign-linked stakeholders, and global financial institutions currently evaluating participation in the Company’s strategic funding process. Attendees met with senior management, toured the secured industrial building, reviewed the proposed phased development plan, and discussed timelines for installation, commissioning, and initial production of active anode material for lithium-ion batteries used in electric vehicles.

Hanré Rossouw, President and CEO, commented:

‘We were delighted to welcome potential funding partners to our Abu Dhabi property to witness the scale and readiness of our secured facility. The engagement and interest we continue to receive from both local and global investors underscores the strategic significance of establishing a major anode facility in the UAE. The secured building in ICAD provides a high-quality, installation-ready platform for accelerated deployment of our anode manufacturing equipment strategically located close to deep-water ports that service international shipping routes’.

The UAE BAF is a central pillar of NextSource’s vertical integration strategy and would position NextSource to become the largest anode producer outside of Asia and is part of its global expansion strategy to construct BAFs in key geographic locations, each with modular production capacities, that can be expanded in lockstep with automotive manufacturer (‘OEM’) demand. The ICAD location provides the ideal platform to execute the Company’s downstream strategy at speed and scale. The combination of an expedited permitting environment, world-class infrastructure, and proximity to domestic raw-material sources and customer end markets provides a competitive advantage over other jurisdictions.

The UAE BAF is being developed primarily to fulfil NextSource’s binding multi-year offtake agreement with Mitsubishi Chemical Corporation (‘MCC’), Japan’s largest chemical company and a leading global supplier of anode active material (‘AAM’) to automotive OEMs.

Under the agreement announced on August 5, 2025, NextSource is the sole supplier of approximately 9,000 tpa of intermediate AAM produced from its Molo graphite concentrate. This material will be shipped to MCC’s plant in Japan, where MCC will complete final processing and coating before delivering finished AAM to a major OEM’s electric-vehicle battery cell manufacturing facilities in North America.

The 30,000 tpa UAE facility, as validated by an October 1, 2025 technical and economic study, provides immediate capacity for the MCC volumes from start-up and significant headroom for additional offtake agreements currently under negotiation.

The Company continues to advance front-end engineering and design with its partner firm Stantec, a global engineering service provider who worked in conjunction with NextSource’s technology partners to develop a UAE-compliant plant design, using proven process technology that will reduce qualification times once the UAE BAF becomes operational. The Company has also begun procurement of long lead item equipment and discussions on final-stage financing with several parties from the site-visit delegation.

Shipment of BAF processing equipment has commenced, and after obtaining the required funding and operating permits, the Company will procure the remaining plant equipment, after which the Project will move into the installation phase and finally into commissioning, which is targeted towards the end of 2026.Initial production is targeted for Q4 2026 and full ramp-up thereafter.

About NextSource Materials Inc.

NextSource Materials Inc. is a battery materials company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.

The Company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake^® graphite. The Molo mine has begun production through Phase 1 mine operations.

The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities (BAF) capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner. The Company is now in the process of developing its first BAF in the UAE.

NextSource Materials is listed on the Toronto Stock Exchange under the symbol ‘NEXT’ and on the OTCQB under the symbol ‘NSRCF’.

For further information about NextSource Materials, please visit our website at www.nextsourcematerials.com or contact us at +1.416.364.4911 or email Brent Nykoliation, Executive Vice President at brent@nextsourcematerials.com.

Safe Harbour: This press release contains statements that may constitute ‘forward-looking information’ or ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward looking statements and information are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘potential’, ‘possible’ and other similar words, or statements that certain events or conditions ‘may’, ‘will’, ‘could’, ‘expected’ or ‘should’ occur. Forward-looking statements include any statements regarding, among others, timing of construction and completion of the BAF and proposed timing of future locations of additional BAFs, timing and completion of front-end engineering and design and ESIA permitting, the economic results of the BAF Technical Study including capital costs estimates, operating costs estimates, payback, NPV, IRR, production, sales pricing and working capital estimates, the construction and potential expansion of the BAFs, expansion plans, as well as the Company’s intent on becoming a fully integrated global supplier of critical battery and technology materials. These statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

SOURCE: NextSource Materials Inc.

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Stardust Metal Corp. (CSE: ZIGY) (‘Stardust’ or the ‘Company’) is pleased to announce the discovery of a significant geophysical target at its McGarry Project, located in the heart of the world-class Kirkland Lake gold district, home to some of Canada’s most prolific high-grade gold mines, including Kerr Addison, Macassa, Upper Beaver, and several others.

• Large, never-drilled ultramafic target identified beside Kerr Addison.
• MT anomaly from ~250 metres to >1,000 metres.
• Strong structural alignment with Larder Lake-Cadillac Deformation Zone and key district faults.
• Interpreted folded ultramafic unit with high-grade potential.
• High-impact upside with ANT survey to refine and then drill-test.

Presentation on McGarry’s Ultramafic Target

MT Image of Target

Map of McGarry’s Location in Kirkland Lake

Geophysical Target Highlights

• MT Anomaly

The Magnetotellurics (MT) survey highlights a large, deep feature beneath the sedimentary cover, visible from approximately -250 m and extending well beyond -1,000 m, below the depth detectable by conventional IP methods.

IP Survey

An Induced Polarization (IP) survey was done concurrently with the MT survey and confirms the general pattern of the MT results in the top 250 of the sections both in terms of the resistivity and the chargeability responses and major features such as the Larder Lake-Cadillac Deformation Zone (LLCDZ), the Armistice Fault and the Mill Zone Fault are visible on both surveys but the anomaly that is highlighted in this news release is located below the IP response.

• Geological Interpretation:

The anomaly is interpreted as a folded ultramafic unit, in disconformable contact with overlying sediments and forms a synclinal structure plunging to the west. The base of the sedimentary unit has not been intersected in drilling and until recently was thought to be very deep and beyond the limit of geophysics. But the MT response is very clear and indicates the presence of a low-resistivity body sitting right beneath the sediments and espousing the syncline from about 250m depth to well beyond 1000m. Its shape and response suggests potential to host an ultramafic unit similar to the rocks that host the known gold deposits in the district. Only drilling this target will tell if gold-rich solutions penetrated the body but an Ambient Noise Tomographic (ANT) seismic survey should refine the target in anticipation of drill testing.

• Structural and Regional Context:

Key structures including the LLCDZ, Armistice Fault, and Mill Zone Fault are clearly reflected in both IP and MT datasets, demonstrating the reliability of the survey and aligning with known district-scale controls on mineralization.

• District Significance:

The McGarry Project sits immediately adjacent to several historic and currently operating high-grade mines. The identification of a deep, never-drilled target within potentially ultramafic rocks underscores the potential to discover new, high-grade zones at depth, complementing the district’s rich endowment of gold resources.

This target, which has never been drilled and was highlighted during recent compilation work, was identified thanks to a comprehensive IP-MT survey completed by Quantec and reviewed and interpreted by Charles Beaudry, M.Sc., P.Geo. The anomaly sits beneath a sedimentary unit usually mapped as Temiskaming Assemblage and, by its shape and low resistivity, is thought to represent an ultramafic unit. The anomaly’s size, depth, and geological context make it a high-priority drill target, with potential to host significant mineralization similar to nearby high-grade deposits.

‘If it is an ultramafic unit as postulated, it has never been tested in drilling or seen in underground workings and it is possible that the fluids responsible for the Kerr Addison deposit (see Gold Candle news release dated June 3rd 2025) could have penetrated the domain lying beneath the sedimentary unit. This prediction is totally reasonable because of the presence of significant near surface gold mineralization (see Mill Zone on Kerr Addison and McGarry properties) as much as 1,000 metres south of the Larder Lake-Cadillac Deformation Zone (LLCDZ),’ said Charles Beaudry, Director of Stardust.

Next Steps

Stardust plans to conduct an Ambient Noise Tomography (ANT) survey to provide high-resolution 3D imaging of density-velocity contrasts. This approach will refine the depth, size, and geometry of the anomaly and guide the first-ever drill testing of this exciting ultramafic target.

QP Statement
The technical information contained in this news release has been reviewed and approved by Charles Beaudry, P.Geo and géo., Director of Stardust Metal Corp., a Qualified Person, as defined in ‘National Instrument 43-101, Standards of Disclosure for Mineral Projects.’ For the exploration undertaken by Stardust, all assay batches are accompanied by rigorous Quality Assurance procedures, including the insertion of standards and blanks.

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To Speak to the Company directly, please contact:
Stephen Stewart, Chairman
Phone: 416.644.1567
Email: info@oregroup.ca
www.stardustmetal.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this release. Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Stardust assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to Stardust. Additional information identifying risks and uncertainties is contained in filings by Stardust with Canadian securities regulators, which filings are available under Stardust profile at www.sedarplus.ca.

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