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Web3 Leaders Gather in Toronto for Canada Crypto Week

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From May 11 to 17, world leaders in blockchain will gather in Toronto for Canada Crypto Week, a series of events highlighting the evolution of digital finance and the Web3 economy.

In focus this year are deep dives into pressing topics like regulation, tokenization, decentralized finance (DeFi), the future of Web3 infrastructure and how artificial intelligence (AI) will transform the crypto landscape.

Also on the agenda is Canada’s growing role in the global crypto conversation.

These events will feature keynote speakers, regulatory panels and technology presentations from industry leaders at the forefront of innovation. Be sure to follow our updates this week as they unfold.

What to expect at Blockchain Futurist and Consensus

The Blockchain Futurist Conference will kick off with a virtual welcome from TRON founder Justin Sun and a panel on global Web3 regulation, with representatives from the Digital Chamber and Hong Kong Monetary Authority.

The morning agenda includes a presentation on tokenization by IHodlLife founder CEO Tristan Schroeder, and a fireside chat about Canada’s stablecoin landscape. In addition, Ethereum co-founder and Decentral founder Anthony Di Iorio will deliver a keynote address on the blockchain industry’s evolution.

Morning sessions at the Blockchain Futurist Conference will also cover security in crypto exchanges, token utility and Canadian regulatory perspectives, featuring representatives from Kraken and Convoy Finance.

Consensus, CoinDesk’s flagship blockchain and Web3 conference, will feature over 500 speakers, including notable figures such as Kevin O’Leary, Dave Portnoy and Coinbase Canada CEO Lucas Matheson.

Attendees can expect a diverse range of programming across multiple stages, covering topics like Bitcoin mining, AI integration and digital asset wealth management.

The conference will also host the CoinDesk PitchFest, showcasing early stage Web3 startups, and provide ample networking opportunities for professionals in the crypto and blockchain industries.

Key Canada Crypto Week topics

For investors, Canada Crypto Week is a snapshot of where the industry is headed and where opportunities may lie.

With regulators, entrepreneurs and developers sharing various stages, the events offer rare insight into how the rules, tools and infrastructure of tomorrow are being shaped today.

As institutional interest in crypto grows and traditional finance increasingly integrates blockchain solutions, conferences like these are becoming valuable barometers of market sentiment and direction.

Here are a few topics that will be highlighted:

1. Regulation

From both a domestic and international lens, regulation will be a central theme. Canada’s evolving approach of balancing innovation with consumer protection will be explored in depth.

2. Tokenization

As tokenization gains traction in everything from real estate to traditional securities, this year’s presentations will spotlight its practical applications and the tech needed to support mainstream adoption.

3. The Future of Web3

Blockchain Futurist will bring builders together to discuss what’s next for the decentralized internet, covering everything from scalability to mass adoption hurdles.

Stay tuned for our coverage

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

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Pan American to Buy MAG Silver in US$2.1 Billion Deal, Adding Juanicipio Mine to Portfolio

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Pan American Silver (TSX:PAAS,NYSE:PAAS) has entered into a definitive agreement to acquire MAG Silver (TSX:MAG,NYSEAMERICAN:MAG) in a transaction valued at approximately US$2.1 billion, further cementing its position as a top-tier silver producer in the Americas.

The acquisition will bring MAG’s 44 percent stake in the high-grade Juanicipio silver and gold mine in Mexico into Pan American’s portfolio, expanding the company’s exposure to low-cost, high-margin silver production.

Under the deal, MAG shareholders will receive a mix of US$500 million in cash and 0.755 Pan American shares for each MAG share held — a 21 percent premium based on closing prices as of May 9.

Upon the deal’s closing, expected later this year pending regulatory approvals, MAG shareholders will own roughly 14 percent of Pan American on a fully diluted basis.

Pan American CEO Michael Steinmann called the deal “transformational’ in the company’s Sunday (May 11) press release, citing Juanicipio’s strong production profile and future exploration potential.

‘Our acquisition of MAG brings into Pan American’s portfolio one of the best silver mines in the world,’ he said.

‘Juanicipio is a large-scale, high-grade, low-cost silver mine that will meaningfully increase Pan American’s exposure to high margin silver ounces. Furthermore, we see future growth opportunities through the significant exploration potential at Juanicipio as well as MAG’s Deer Trail and Larder properties,’ Steinmann continued.

MAG President George Paspalas echoed this sentiment, noting that the transaction delivers immediate value and long-term upside through continued exposure to Juanicipio within Pan American’s diversified asset base.

Juanicipio, located in Mexico’s prolific Zacatecas district, processed 1.33 million metric tons of ore in 2024, producing 18.6 million ounces of silver and 39,029 ounces of gold — up over 10 percent from 2023.

Operated by Fresnillo (LSE:FRES,OTC Pink:FNLPF), which owns the remaining 56 percent stake, the mine posted an average silver head grade of 468 grams per metric ton and is set to deliver up to 16.7 million ounces of silver in 2025.

Pan American’s 2024 output totaled 21.1 million ounces of silver and 892,000 ounces of gold, in line with guidance.

The company has operations across seven countries, with its key assets including the La Colorada mine in Mexico and the Jacobina gold mine in Brazil. Pan American ended last year with US $887.3 million in cash and short-term investments, bolstered by its recent divestment of the La Arena mine in Peru.

News of the deal sent shares for both companies higher in pre-trading hours on Monday (May 12).

As of 9:13 a.m EST, Pan American shares were up 6.5 percent from the previous day to trade for US$27.21, while MAG shares had seen a 6.07 percent uptick over the same period, trading for C$23.58.

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

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Missouri Set to Recognize Gold and Silver as Legal Tender, Critics Raise Implementation Concerns

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Missourians may soon be able to pay their taxes — and possibly their grocery bills — with gold and silver.

The Missouri General Assembly has passed a Republican-backed amendment to a wide-ranging finance bill that recognizes precious metals as legal tender. It would require state government entities to accept electronic forms of gold and silver — known as “electronic specie currency” — for public debts, including taxes.

The bill, now awaiting action by Republican Governor Mike Kehoe, has sparked both curiosity and concern. It stops short of mandating that private businesses accept physical or digital precious metals, but allows them to do so voluntarily.

“The goal is about restoring economic and political freedom back to everyday Missourians,” Representative Bill Hardwick, a Dixon Republican and a primary sponsor of the legislation, told the Kansas City Star. He has pushed versions of the so-called ‘Constitutional Money Act’ for several years alongside members of the Missouri Freedom Caucus.

If signed into law, Missouri would become one of the few states to recognize gold and silver as legal tender — echoing a similar law passed by Utah in 2011 and proposals floated in other Republican-led states like Florida and Louisiana.

Supporters say the measure offers an alternative to the US dollar, which they argue is being devalued by inflation and poor federal monetary policy. However, the bill came as a surprise to some in the Capitol — it drew limited discussion on the House floor, and its full text was unavailable more than 24 hours after its passage, raising implementation questions.

State Representative Kemp Strickler, a Democrat from Lee’s Summit, expressed skepticism about the precious metals provision, though he ultimately voted “present” due to supporting other parts of the broader financial legislation.

“Not a fan of that part of it,” Strickler said. “Assuming it gets signed, we’re in the ‘how do we implement’ stage.”

He added that he expects most private businesses will likely decline to accept gold or silver as payment, given the complexities involved. “I would think this would be a huge challenge for private businesses,” he added.

Implementation may indeed be the most complicated part. The amendment calls on the Missouri Department of Revenue to develop rules and infrastructure for accepting electronic specie by August, when the bill would take effect.

Hardwick suggested that emerging payment technologies could facilitate transactions in gold or silver through digital and paper-based equivalents. But critics say the idea remains largely symbolic and potentially unworkable.

“So when I go to a gas station and buy a Coke, a 20 ounce Coke, and I’d say, you know, here’s my gold … Are they gonna give me back money in gold?” former Senate Minority Leader John Rizzo, a Democrat from Independence, said in 2023.

Business groups have been more measured in their responses.

The Missouri Chamber of Commerce and Industry opposed earlier versions of the bill that would have forced private businesses to accept gold and silver. But the final version was softened to remove that requirement.

The bill’s momentum comes amid a broader push by conservative lawmakers across the country to reassert state-level authority over monetary policy and hedge against federal economic policies they view as reckless.

Earlier this year, Utah legislators passed a bill to create a precious metals-backed electronic payment system, although Republican Governor Spencer Cox later vetoed it. In Florida, similar legislation has gained traction, with Governor Ron DeSantis voicing support. Louisiana lawmakers have also introduced, but not passed, related bills.

Whether the legislation becomes law now rests with Kehoe, who has not indicated how he will proceed. “The bill will receive a thorough review by Governor Kehoe and his team,” said spokesperson Gabby Picard in an email.

Though some proponents remain optimistic that alternative currency systems can gain traction, the real test will come in how — and whether — the state implements the law in a way that is practical and secure.

For now, gold and silver may be legal tender in theory; however, whether that translates into everyday transactions at gas stations, grocery stores or tax offices remains to be seen.

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

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Heaven’s Earthly Treasures: Behind the Metallurgy of the Papal Symbols

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As white smoke billowed from the Sistine Chapel’s chimney and the bells of St. Peter’s Basilica rang out, Robert Francis Prevost, now known as Pope Leo XIV, was casting history in gold.

The newly elected pontiff is not only the first American pope, but also the latest successor in a long line of men robed in ancient symbols and tradition — as well as precious metals.

The Vatican, for all its spiritual power and theological doctrine, is also quite literally a treasury.

From the moment a pope is elected, he is adorned with regalia that is steeped in centuries of meaning, and often crafted from some of the world’s most valuable resources.

This article explores the material makeup of the modern papacy — what it’s made of, and what it means.

The Fisherman’s Ring

At the center of every pontificate is a single golden symbol: the Fisherman’s Ring.

A custom-made signet bearing the image of St. Peter fishing — a nod to the Pope’s spiritual ancestry — the aptly named Fisherman’s Ring is a badge of papal authority. Historically, it also functioned as a seal for papal documents, though its use for that purpose was discontinued in 1842.

Gold is the traditional material, but recent pontificates have brought slight variations. Pope Benedict XVI’s ring was solid gold; Pope Francis chose gold-plated silver — a subtle nod to austerity.

The composition of Pope Leo XIV’s ring has not yet been confirmed.

Whatever its exact alloy, the symbolism remains rich. The ring is destroyed upon a pope’s death or resignation — shattered with a ceremonial hammer to prevent forgery, a powerful image of the transience of power.

The tiara’s glittering past

While Pope Leo XIV, like his recent predecessors, is unlikely to don the papal tiara — a triple-crowned headpiece entrenched in medieval grandeur — it remains one of the most opulent artifacts in Vatican history.

Traditionally crafted from silver and often adorned with diamonds, emeralds, sapphires and rubies, the tiara’s structure symbolized the pope’s threefold authority: to teach, to govern and to sanctify.

One of the most extravagant examples belonged to Pope Paul II in the 1460s; he wore a tiara encrusted with gems worth over 200,000 florins — more than US$22 million in today’s dollars. Another tiara, worn by Pope Julius II in 1503, was valued at 200,000 ducats (each ducat containing 3.5 grams of pure gold). These tiaras, now museum pieces, remain potent reminders of the Church’s historical wealth and the metals that shaped its regalia.

The modern papacy, however, has moved away from such ostentation.

Pope Paul VI was the last to wear the tiara. In 1963, just months after his coronation, he donated his own gold- and jewel-encrusted tiara to benefit the poor — a decision echoed by his successors.

The pectoral cross

Another item of note in the papal wardrobe is the pectoral cross, typically suspended from a gold or silver cord and worn over the chest. This cross often contains a relic and represents the pope’s role as shepherd of the Catholic Church, as well as a constant reminder of his burden: to bear the sins of humanity as Christ did.

Recent popes have had pectoral crosses made of solid silver or gold, often customized with inscriptions or sacred imagery. Pope Francis, for example, wore a simple silver pectoral cross featuring the image of the Good Shepherd.

The gold-embroidered red stole

Worn across the shoulders, the papal stole is not metallic, but is trimmed with elaborate gold embroidery — often hand-stitched using fine gold thread, sometimes even containing 24 karat accents.

The red stole signifies the pope’s priestly consecration and his spiritual role as a “good shepherd,” bearing the yoke of Christ. The golden accents of the stole reflect centuries of textile and metalcraft traditions.

Keys to the kingdom

Perhaps the most iconic symbol of the papacy is the crossed keys — one gold, one silver — typically shown bound by a red cord. These appear on everything from the Vatican’s flag to the papal seal and the mosaics embedded in the marble floors of St. Peter’s Basilica. The gold key represents the spiritual authority of heaven; the silver key, the temporal authority of the church on Earth. The downward-facing grips symbolize that both are wielded by the pope himself.

The materials — silver and gold — aren’t incidental; they signal divine access and earthly power alike.

The miter

Though no longer crowned with tiaras or enthroned on palanquins, modern popes still wear the miter, a ceremonial headdress. Today’s miters are typically made of silk, but many are embroidered with gold or silver threads, and some include small gemstone inlays.

Each miter is a handcrafted object, often given as a gift by a nation, religious order or diocese.

A papacy of substance and symbols

As the chants of, ‘Viva il papa!’ echo across St. Peter’s Square, and as Pope Leo XIV blesses the faithful, he does so not just with words — but with a legacy etched in precious metals.

In the end, it’s a reminder that even in matters of the soul, the Earth’s treasures still shine.

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

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Radiopharm Theranostics Accelerates 177Lu-RAD204 Phase 1 Dose Escalation Clinical Trial Based on Positive Recommendation from Data Safety and Monitoring Committee

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DSMC concluded that Phase 1 study may continue as planned without any modifications

On track to complete the enrollment of the first two cohorts by mid-2025

Radiopharm Theranostics (ASX: RAD, Nasdaq: RADX, ‘Radiopharm’ or the ‘Company’), a clinical-stage biopharmaceutical company focused on developing innovative oncology radiopharmaceuticals for areas of high unmet medical need, announced today that it has achieved a key milestone in its ongoing clinical development program for its clinical-stage radiotherapeutic asset, 177Lu-RAD204, as the Data and Safety Monitoring Committee (DSMC) has approved to proceed to the next dose in its Phase 1 clinical trial in patients with PD-L1 positive advanced cancers 1 . The DSMC is an independent multidisciplinary group that conducts detailed reviews of unblinded study data, discusses potential safety concerns and provides recommendations regarding trial continuation.

‘We greatly appreciate the DSMC’s judicious review of our first cohort of patients in the Phase 1 study of 177Lu-RAD204, which allows us to advance to the higher dose cohort in a variety of PD-L1- driven cancers,’ said Riccardo Canevari, CEO and Managing Director of Radiopharm Theranostics. ‘With this clearance from the DSMC, the increased number of active centers and expansion to multiple tumor types beyond Non-Small Cell Lung Cancer (NSCLC), we expect to accelerate our timelines for complete enrolment of the next cohort by mid-2025. We believe that RAD204 has the potential to strongly improve clinical outcomes for patients with PD-L1 positive advanced cancers and we look forward to seeing data from the first two cohorts of patients later this year.’

The DSMC reviewed the first cohort of four patients treated with 30mCi of 177Lu-RAD204 and confirmed that there was positive safety, pharmacokinetic and biodistribution data and agreed that the study may continue without modifications. The second cohort of patients will start at 60mCi of Lu177 rather than 40mCi previously assumed in the protocol. The second cohort of patients is expected to be enrolled by mid-year 2025 and will include expansion to multiple tumor types including NSCLC, Small-Cell Lung Cancer (SCLC), Triple-negative Breast Cancer (TNBC), Cutaneous Melanoma, head and neck squamous cell carcinoma (HNSCC) and Endometrial Cancer.

There are currently four clinical trial sites actively screening and recruiting patients in Australia.

About 177Lu-RAD204:

RAD204 is a single-domain monoclonal antibody (sdAb) that targets PD-L1, a protein that helps control the immune system and is overexpressed in many solid cancers, making it an attractive therapeutic target in multiple tumor types, including NSCLC, SCLC, TNBC, Cutaneous Melanoma, HNSCC, and Endometrial Cancer. Previously published Phase I imaging data of 16 NSCLC patients with 99Tc-RAD204 demonstrated that the diagnostic compound is safe and is associated with acceptable dosimetry 2 .

Tumor targeting with radioimmunotherapies such as 177Lu-RAD204 has the potential to address resistance mechanisms to current standard-of-care treatment options.

About Radiopharm Theranostics

Radiopharm Theranostics is a clinical stage radiotherapeutics company developing a world-class platform of innovative radiopharmaceutical products for diagnostic and therapeutic applications in areas of high unmet medical need. Radiopharm is listed on ASX (RAD) and on NASDAQ (RADX). The company has a pipeline of distinct and highly differentiated platform technologies spanning peptides, small molecules and monoclonal antibodies for use in cancer. The clinical program includes one Phase 2 and three Phase 1 trials in a variety of solid tumor cancers including lung, breast, and brain. Learn more at radiopharmtheranostics.com .

Authorized on behalf of the Radiopharm Theranostics Board of Directors by Executive Chairman Paul Hopper.

For more information:

Investors:
Riccardo Canevari
CEO & Managing Director
P: +1 862 309 0293
E: rc@radiopharmtheranostics.com

Anne Marie Fields
Precision AQ (formerly Stern IR)
E: annemarie.fields@precisionaq.com

Media:
Matt Wright
NWR Communications
P: +61 451 896 420
E: matt@nwrcommunications.com.au

Follow Radiopharm Theranostics:
Website – https://radiopharmtheranostics.com/
X – https://x.com/TeamRadiopharm
LinkedIn – https://www.linkedin.com/company/radiopharm-theranostics/
InvestorHub – https://investorhub.radiopharmtheranostics.com/

1 ClinicalTrials.gov ID   : NCT06305962
2 Xing Y, et al. J Nucl Med. 2019 Sep;60(9):1213-1220.

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Finlay Minerals Appoints an Executive Chairman, President & CEO, and Vice President, Corporate Development

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finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) (‘Finlay’ or the ‘Company’) is pleased to announce that it has appointed Robert F. Brown as Executive Chairman of the Board, and Ilona Barakso Lindsay as President & Chief Executive Officer. Mr. Brown and Ms. Lindsay formerly held the positions of President & CEO, and Vice President Corporate Relations, respectively. Both Mr. Brown and Ms. Lindsay also continue to be directors of Finlay.

Finlay Minerals Ltd. logo (CNW Group/Finlay Minerals Ltd.)

The Company is further pleased to announce the appointment and to welcome Susan Flasha as Vice President, Corporate Development. Ms. Flasha has held positions with Brixton Metals in Corporate Development and as Senior Geologist where she established partnerships with BHP Group Ltd. and Eldorado Gold Corp., and Pretium Resources as Senior Project Geologist for the Brucejack Mine and Bowser Regional Exploration program. Ms. Flasha holds a Master of Science degree in Geological Sciences from Queen’s University.

Gord Steblin continues as Chief Financial Officer and Wade Barnes as Vice President, Exploration of the Company. The Company recognizes and thanks them both for their continued efforts and support as we advance Finlay.

About finlay minerals ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits through the advancement of its ATTY, PIL, JJB, SAY and Silver Hope Properties; these properties host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of northern and central BC. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.

Finlay trades under the symbol ‘FYL’ on the TSXV and under the symbol ‘FYMNF’ on the OTCQB. For further information and details, please visit the Company’s website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown ,
Executive Chairman of the Board & Director

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

Forward-Looking Information: This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as ‘expect’, ‘plan’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘schedule’, ‘forecast’, ‘budget’, ‘estimate’, ‘intend’ or ‘believe’ and similar expressions or their negative connotations, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’, ‘should’ or ‘might’ occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the Properties. Although Finlay 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 forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements,   and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE finlay minerals ltd.

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Nuvau Minerals Completes High Resolution Drone MAG Survey

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Coverage area includes recently announced gold till anomaly plus two more historic gold occurrences on Matagami property largely subject to base metals exploration

Nuvau Minerals Inc. (TSXV: NMC) has just completed a key step on its journey to unlocking the gold potential of the Matagami Property in the Abitibi region of Québec. It has flown a detailed high resolution drone magnetic (‘MAG’) survey over an area north of where a 2023 sonic drilling program discovered a significant gold grain anomaly. Hole PD-23-030s had more than 2,000 gold grains per 10 kg of material, supported by a near-contiguous sample with 295 gold grains.

The MAG survey included areas where two other gold anomalies have been previously identified in Québec’s SIGEOM/EXAMINE database (see Figure 1):

  • Daniel-1, which includes a gold value of 6.18 grams per tonne over 1 metre associated with massive sulphide from a diamond drill hole.
  • McIvor-SE, which is sourced from a grab sample in a volcanic shear zone, grading at 37.71 grams per tonne.

‘These showings add to our thesis that the Matagami camp has the potential to produce gold,’ said Peter Van Alphen, Nuvau’s President and CEO. ‘The data from this MAG survey will help us develop our eventual diamond drill program related to the gold grain anomaly we recently identified, which is scheduled to start in the second half of 2025. We have just begun to uncover the gold potential of this 1,300 square kilometre land package, where exploration to date has been limited to base metals even though it is in a region known for hosting gold mineralization, including the Detour Gold and Casa Berardi gold mines.’

The detailed high resolution drone MAG survey was flown over the area surrounding PD-23-030s, extending north and northeast of the anomaly (see Figure 1). The western limit of the survey is approximately 3 kilometres away from the Caber Complex and the Renaissance discovery, the undeveloped massive sulfide cluster with near-term production potential. This high resolution MAG survey will provide valuable geophysical data to support Nuvau’s continuing base metal exploration of the underexplored northern part of the property.

The MAG survey was flown along 25-metre spaced lines oriented at N020° for total line kilometers of 5,066 kilometres. The data was captured at low altitude, approximately 20 metres above ground and will provide a global image of the extended area. Overall, a total area of 128 square kilometres was covered.

The quality and resolution of the survey will enable interpretation of the contrasting geological units as well as structural interpretation, which is key to both the future exploration of region for both gold and base metals. Although this area was previously covered by a mosaic of lower resolution surveys, the data was of much lower definition than what current technology can deliver.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/11236/251673_bc53b819740fd8c6_001.jpg

Figure 1 – High resolution Drone Mag survey outline on Matagami Camp property with detail MAG data (Source SIGEOM) and gold showing (Source EXAMINE, GM 60332 and GM 44892).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11236/251673_bc53b819740fd8c6_001full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/11236/251673_bc53b819740fd8c6_002.jpg

Figure 2 – Matagami Property Location relative to the gold producers and explorers in the region. Results from adjacent property(ies) are not necessarily indicative of the mineralization on Nuvau’s property.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11236/251673_bc53b819740fd8c6_002full.jpg

Qualified Person and Quality Assurance
Gilles Roy, P. Geo. (Qc), Director of Exploration of Nuvau and a Qualified Person as defined by National Instrument 43-101, has verified the scientific and technical data disclosed in this news release, and otherwise reviewed and approved the scientific and technical information in this news release.

For further information, please contact:
Peter van Alphen
President and CEO
Telephone: 416-525-6063
Email: pvanalphen@nuvauminerals.com

About Nuvau Minerals Inc.
Nuvau is a Canadian mining company focused on the Abitibi Region of mine-friendly Québec. Nuvau’s principal asset is the Matagami Property, which is host to existing processing infrastructure and multiple mineral deposits and is being acquired from Glencore.

Cautionary Statements
Readers are cautioned that geophysical surveys are not definitive; the results contained in this news release are still at an early stage of interpretation, with no guarantee of a mineral discovery.

This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning drill results relating to the Matagami Property, the results of the PEA, the potential of the Matagami Property, the timing and commencement of any production, the restart of the Bracemac-McLeod Mine, the completion of the earn-in of the Matagami Property and the timing and completion of any technical studies, feasibility studies or economic analyses.

Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company and the Matagami Property. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, neither the Company nor Nuvau undertakes any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the 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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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Falco Files Requested Documentation for the Horne 5 Project’s Environmental Authorization Process

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Falco Resources Ltd. (TSX.V: FPC) (‘ Falco ‘ or the ‘ Corporation ‘) is pleased to announce that it has responded to all questions and comments requested by the Direction de l’évaluation environnementale (‘ DEE ‘) des projets industriels et miniers on February 27, 2025 (the ‘ Correspondence ‘), as more fully described in Falco’s press release dated March 3, 2025.

The responses, commitments, and explanatory letter submitted (the ‘ Responses ‘) follow the meetings and clarifications obtained from representatives of the Ministère de l’Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (the ‘ Ministry ‘) and other ministries, regarding the principal issues raised by the Horne 5 project (the ‘ Project ‘), in the Correspondence. The Responses will allow the Ministry to complete its analysis in accordance with the standard evaluation process.

Advancement of Certain Issues
Regarding the Ministry’s interpretation of section 197 of the Clean Air Regulations (‘ CAR ‘), the Ministry representatives are continuing their analysis, and Falco is confident that the Ministry’s position on this issue will be known in the coming weeks. For more information, refer to the Corporation’s press release dated March 3, 2025, by clicking on the following link .

Regarding the potential impacts of the Project on the Centre de radio-oncologie régional de Rouyn-Noranda (Rouyn-Noranda Regional Radiation Oncology Centre), la Direction de santé publique de l’Abitibi-Témiscamingue (the Abitibi-Témiscamingue Public Health Department) confirmed that it has selected its seismologist expert to form part of its technical committee of experts who will work to assess the risks posed by the Project on the equipment, structures, and activities of the Centre intégré de la santé et de services sociaux de l’Abitibi-Témiscamingue (the Abitibi-Témiscamingue Integrated Health and Social Services Centre) and to identify mitigation measures to ensure the safety and proper operation of the facilities and activities. A first meeting of the technical committee will be held in the coming weeks.

Luc Lessard, President and CEO of Falco, commented: ‘ I would like to thank our employees and experts for the work they have done to enable the submission of responses to the Ministry, which brings us closer to a conclusion regarding the environmental authorization process for our Horne 5 Project. Falco believes that the Ministry has all the relevant information to complete its analysis and make its recommendation to the Members of Cabinet. ‘

As previously disclosed, the results of the independent survey recently conducted by Léger demonstrate strong majority support for the Project in Rouyn-Noranda and Abitibi-Témiscamingue.

About Falco
Falco Resources is one of the largest holders of mining titles in the province of Québec, with a large portfolio of properties in the Abitibi greenstone belt. Falco holds rights to approximately 67,000 hectares of land in the Noranda Mining Camp, representing 67% of the entire camp and including 13 former gold and base metals mining sites. Falco’s principal asset is the Horne 5 project located beneath the former Horne mine, which was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Development Corp. is Falco’s largest shareholder with a 16.0% interest in the Corporation.

For further information, please contact:
Luc Lessard
President and Chief Executive Officer
514 261-3336
info@falcores.com

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.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, ‘ forward-looking statements ‘) within the meaning of applicable securities laws. These statements include references to the social acceptability of the Project, the Ministry’s interpretation of section 197 of the CAR, the issues identified in the course of the BAPE process and noted by the Ministry, the development of the Horne 5 Project and the granting of environmental authorizations. These statements are based on information currently available to the Corporation and the Corporation provides no assurance that actual results will meet management’s expectations. The occurrence of such events or the realization of such statements is subject to a number of risk factors, including, without limitation, the risk factors identified in Falco’s annual management’s discussion and analysis and in other continuous disclosure documents available at www.sedarplus.com .

Although Falco believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this press release, and no assurance can be given that such events will occur in the disclosed time frames or at all. As mentioned by Falco in its public disclosure and in its previous press releases, certain major issues have been raised by the Ministry in the context of the development of the project and in the BAPE process, including the compliance of the Project with section 197 of the CAR. There is no certainty or guarantee that the Ministry will change its position regarding the application of section 197 of the CAR to the Project, that Falco will be able to respond to the numerous additional requests from the Ministry in a timely manner or that Falco will be able to raise the necessary funds to continue the additional studies requested by the Ministry, which could significantly delay or prevent the granting of the required authorizations and therefore have an adverse impact on the development of the Project and on Falco’s financial situation. Except as required by applicable law, Falco disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information.

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Triumph Gold Discovers a New Silver and Gold Vein Showing at the Freegold Mountain Project, Yukon

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triumph gold Corp. (TSXV: TIG) (OTC Pink: TIGCF) (FSE: 8N6) (‘triumph gold’ or the ‘Company’) is pleased to announce the discovery of a new Silver-Gold vein system, now named the Proton Zone, at its 100%-owned Freegold Mountain Project in Yukon, Canada. The discovery lies 1.3 km northeast of the Nucleus Deposit and 2.75 km northwest of the Revenue Deposit.

The Proton Zone was uncovered in fresh bedrock exposed by placer mining at Mechanic Creek in a previously unexplored area. The mineralized zone spans approximately 15 x 15 metres and lies over 300 metres from the nearest historic sampling or drill hole (Figures 1-3). The shear-hosted quartz-sulfide veins share a similar geochemical signature to the nearby Nucleus deposit but are hosted in granodiorite, similar to the Revenue deposit.

Highlights from Proton Zone Sampling (see Table 1):

  • Grab sample C959830: 1.68 g/t Au, 8.99 g/t Ag, >10,000 ppm As
  • Chip sample C959831 (30 cm): 5.95 g/t Au, 7.17 g/t Ag, >10,000 ppm As

Table 1: Assay Results from the Proton Zone

Sample
Number		 Easting
(NAD83-8N)		 Northing
(NAD83-8N)		 Sample
Type		 Au
g/t		 Ag
g/t		 Cu
ppm		 As
ppm		 Sb
ppm		 Bi
ppm
C959829 380510 6714755 Grab 0.50 1.26 153 9,030 94.4 8.57
C959830 380508 6914767 Grab 1.68 8.99 212 >10,000 153 68.3
C959831 380515 6914772 30cm Chip 5.95 7.17 161 >10,000 38.8 49.6

 

Other high-grade vein zones have been sampled along Mechanic Creek. The Drone Zone, located 1.3 kilometres south of the Proton Zone, returned up to 450 g/t gold and 19 g/t silver (March 2019). An additional zone 600 meters south of the Proton Zone returned values up to 6.58 g/t gold and 13.6 g/t silver.

These zones all feature gold-silver-copper-arsenic-antimony-bismuth geochemistry and have not been followed up with drilling. Their proximity to the Nucleus and Revenue deposits suggests a potential link to the Revenue porphyry mineralizing event. The Revenue system is similar in style to the Casino deposit, part of the Tintina Gold Belt.

Sample Descriptions:

  • C959829: Silicified vein-breccia with up to 10% arsenopyrite
  • C959830: Similar to above, about 10 meters away along the same structure
  • C959831: Clay-altered, gossanous zone with no visible sulphides, east-trending

triumph gold’s VP of Exploration Jesse Halle comments: ‘Mechanic Creek continues to generate highly prospective exploration targets, demonstrating the significant growth potential of the Revenue and Nucleus deposits. This new zone shows gold-and-silver-dominant geochemistry like the Vest Pocket and Granger zones, the latter being added to the 2020 resource estimate. A new mineralized trend is emerging, and we are excited to see where it leads.’

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Figure 1: Nucleus and Revenue deposits as well as additional zones of mineralization (Map scale 1:30,000)

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Figure 2: Proton Zone Map (1:5,000 scale)

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Figure 3: Proton Zone Sampling

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Nucleus Deposit Overview

The Nucleus deposit hosts epithermal gold-silver-copper mineralization within Paleozoic schists and gneisses, crosscut by quartz-feldspar porphyry dykes and a leucogranite stock. Structural control is related to the Big Creek fault system.

2020 Resource Estimate (at 0.30 g/t AuEq cutoff):

  • Indicated: 31 million tonnes grading 0.65 g/t gold, 0.07% copper, and 0.7 g/t silver
  • Inferred: 9.4 million tonnes grading 0.56 g/t gold, 0.04% copper, and 0.7 g/t silver

triumph gold’s Principal Geologist, Marty Henning, comments: ‘With rising gold and silver prices, the Nucleus resource is showing strong potential for growth. Mineralization extends below the current $1,500 per ounce gold pit resource, and further drilling along key structural trends could significantly expand the resource.’

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Figure 4: Distribution of anomalous Gold within surface rock, soil and silt samples

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The last major exploration program at the Nucleus deposit was conducted in 2021. Figure 1, Table 2 and Table 3 provide details of the program and demonstrate the growth potential of the Nucleus deposit. Drilling completed in 2021 was designed to test mineralization continuity along the four corners of the main and northern satellite pit resource, the Big Creek South Fault, and the newly defined Orbit Zone (New Release May 4, 2022). Drill hole attributes are summarized in Table 1, and gold equivalent (AuEq) composite grades are highlighted in Table 2.

Table 2: Nucleus 2021 Drillhole Summary

Hole-ID Easting
(NAD83-8N)		 Northing
(NAD83-8N)		 Elevation
m		 Depth
m		 Azimuth Dip
N21-01 379458 6913364 852 306.32 35 -60
N21-02 379120 6913528 951 449.58 30 -60
N21-03 379162 6913073 895 320.43 210 -60
N21-04 379162 6913073 895 295.66 30 -60
N21-05 378859 6913336 974 288.04 220 -60
N21-06 378859 6913336 974 316.99 40 -60
N21-07 379111 6914021 1003 312.42 70 -70
N21-08 379566 6914430 902 327.5 60 -60
N21-09 379666 6914527 860 215.49 45 -70
N21-10 379525 6914090 906 257.86 210 -70
N21-11 379620 6914482 880 232.56 340 -60
O21-01 380343 6912498 812 242.32 220 -50

 

Table 3. Significant Intercepts >0.50AuEq with sub-intervals >1.0 g/t AuEq.

Hole-ID From
m		 To
m		 Interval
m		 AuEq
1750		 Au
g/t		 Ag
g/t		 Cu
%
N21-01 21 38.5 17.5 0.45 0.33 1.39 0.07
N21-01 57 84.25 27.25 0.75 0.60 1.65 0.08
Including 67 84.25 17.25 1.02 0.85 1.72 0.09
N21-01 218 224.7 6.73 0.29 0.11 1.20 0.11
N21-01 268 272.5 4.5 0.52 0.24 1.72 0.16
N21-02 15.24 46.5 31.26 0.76 0.71 0.67 0.02
Including 28.5 33 4.5 2.10 2.00 1.57 0.05
N21-02 61.5 65.45 3.95 1.30 1.08 2.20 0.12
Including 61.5 65.45 3.95 1.30 1.08 2.20 0.12
N21-02 114.08 119.5 5.37 0.79 0.74 0.39 0.03
N21-02 223.41 236.7 13.29 1.17 0.90 2.24 0.16
Including 228.8 236.7 7.9 1.58 1.25 3.15 0.19
N21-03 90.1 109 18.9 0.55 0.48 0.54 0.04
Including 90.1 95.5 5.4 1.00 0.93 0.57 0.04
N21-04 135.5 138.5 3 1.24 1.18 0.25 0.03
N21-06 276.38 280.1 3.73 1.22 0.87 1.85 0.21
N21-07 75 82 7 0.46 0.43 0.59 0.01
N21-08 70 86.5 16.5 0.66 0.66 0.25 0.00
Including 70 82 12 0.71 0.70 0.25 0.00
N21-09 85.5 88.5 3 0.89 0.87 0.25 0.01
N21-09 153 163 10 0.46 0.33 0.25 0.08
N21-10 4 13 9 0.41 0.36 0.87 0.02
N21-10 54 63 9 0.71 0.65 0.69 0.03
N21-11 31.6 51.6 20 0.96 0.92 1.46 0.01
Including 31.6 41 9.4 1.41 1.36 2.25 0.01
N21-11 194 198 4 0.55 0.42 1.05 0.07
O21-01 94.5 98.3 3.8 0.68 0.47 1.22 0.12
O21-01 141 146.4 5.43 0.69 0.56 0.69 0.08

 

References and Disclosures

The AuEq composite was calculated using a >0.50 g/t AuEq and >1.0 g/t AuEq cutoff and

Gold equivalent [AuEq] is used for illustrative purposes to express the combined value of gold, silver, and copper as a percentage of gold. No allowances have been made for recovery losses in a mining scenario.

AuEq is calculated using US$1,750.00 per troy ounce of gold, US$24.00 per troy ounce of silver, and US$4.00 per pound of copper.

AuEq = Au g/t + (Ag g/t X $24.00 / $1750.00) + (Cu% X $4.00 X 22.0462) / ($1750.00 / 31.10)

Sample Preparation and QAQC

Rock samples from the Freegold Mountain Project Proton Zone were submitted to the ALS Geochemistry laboratory in Whitehorse for sample preparation. Sample pulps were shipped directly to ALS Vancouver for analyses.

Rock samples were weighed, dried and crushed to 70% passing 2 millimetres, then riffle-split to obtain a 250-gram sub-sample pulverized to greater than 85% passing 75 microns (PREP-31). A 0.25-gram sample from each pulp was analyzed for multi-element geochemistry using 4-acid (near-total) digestion and induced coupled plasma mass spectroscopy (ICP-MS), giving 48 elements (ME-MS61). A 30-gram sample from each pulp was analyzed for Au using fire assay and atomic absorption spectroscopy (Au-AA23).

Diamond drill holes at the Freegold Mountain Project are drilled using HTW and NTW core sizes (70.92 millimetres and 56.00 millimetres diameter, respectively). Sample preparation is completed at ALS Whitehorse, and sample pulps are shipped to ALS Vancouver for analysis. Samples are dried and crushed to 70% less than 2 millimetres with a 250-gram riffle-split and pulverized to better than 85% passing 75 microns (PREP-31).

A 50-gram sample from the pulp is analyzed for gold using fire assay techniques and atomic absorption spectroscopy with detection limits of 0.005-10 parts per million (‘ppm’) (Au-AA24). Gold over-limit values are re-analyzed using a gravimetric finish with an upper detection limit of 10,000 ppm (Au-GRA22). A 0.25-gram sample from the pulp is analyzed with multi-element geochemistry (ME-ICP61) using a 4-acid near total digestion and induced coupled plasma atomic emission spectroscopy (ICP-AES) providing 33 elements.

Sample Quality Assurance/Quality Control (‘QAQC’) measures include unmarked certified reference materials (CRMs), rock blanks, and field duplicates inserted into the sample sequence. These make up 5% of the samples submitted to the lab for holes reported in this release. Additional QAQC checks are ongoing in accordance with 43-101 standards.

National Instrument 43-101 Disclosure

The technical content of this news release has been reviewed and approved by triumph gold’s Principal Geologist Marty Henning, P.Geo., a ‘Qualified Person’ as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators (‘NI 43-101’). He has also verified the data disclosed, including sampling, analytical and test data, and the underlying technical information in this news release.

About triumph gold Corp.

triumph gold is a Canadian-based, growth-oriented exploration and development company with a district-scale land package in the mining-friendly Yukon. Led by an experienced management and technical team, The Company is focused on actively advancing its flagship Freegold Mountain Project using multidiscipline exploration and evaluation techniques.

The road-accessible Freegold Mountain Project in the Dawson Range Au-Cu Belt hosts three NI 43-101 Mineral Deposits (Nucleus, Revenue, and Tinta Hill). The Project is 200 square kilometres and covers an extensive section of the Big Creek Fault Zone, a structure directly related to epithermal gold and silver mineralization and gold-rich porphyry copper mineralization.

The Company owns 100% of the Big Creek and Tad/Toro gold, silver, and copper properties along the Freegold Mountain Project strike within the Dawson Range.

The Company also owns 100% of the Andalusite Peak copper-gold property, 36 km southeast of Dease Lake within the Stikine Range in British Columbia.

triumph gold acknowledges the traditional territories of the Little Salmon Carmacks First Nation and Selkirk First Nation, on which the Company’s Yukon mineral exploration projects are located. triumph gold has a longstanding, ongoing engagement with these First Nations through communication, environmental stewardship, and local employment.

For more information, please visit triumphgoldcorp.com.

On behalf of the Board of Directors

Signed ‘John Anderson’

John Anderson, Executive Chairman

For further information about triumph gold, please contact:

John Anderson, Executive Chairman
triumph gold Corp.
(604) 218-7400
janderson@triumphgoldcorp.com

Neither the 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.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important factors – including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedarplus.ca). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251686

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