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Blue Sky Uranium Announces Closing of $3.5 Million Brokered LIFE Private Placement

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Blue Sky Uranium Corp. logo (CNW Group/Blue Sky Uranium Corp.)

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX Venture Exchange:   BSK
Frankfurt Stock Exchange:   MAL2
OTCQB Venture Market (OTC): BKUCF

Blue Sky Uranium Corp. (TSXV: BSK,OTC:BKUCF) (FSE: MAL2), (‘Blue Sky’ or the ‘Company’) announces that it has closed its previously announced ‘best efforts’ private placement (the ‘Offering’) for gross proceeds of $3,500,000, which includes the exercise in full of the agent’s option. Pursuant to the Offering, the Company sold 70,000,000 units of the Company (‘Units’) at a price of $0.05 per Unit (the ‘Offering Price’). Red Cloud Securities Inc. (‘Red Cloud’) acted as sole agent and bookrunner in connection with the Offering.

Each Unit consists of one common share of the Company (each, a ‘Common Share‘) and one common share purchase warrant (each, a ‘Warrant‘). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.07 at any time on or before November 19, 2030.

The Company intends to use the net proceeds of the Offering for the exploration and advancement of the Company’s flagship Amarillo Grande Uranium-Vanadium Project located in the province of Rio Negro in Argentina as well as for general working capital and corporate purposes.

In accordance with National Instrument 45-106 – Prospectus Exemptions (‘NI 45-106‘), the Units were issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ‘Listed Issuer Financing Exemption‘) and in certain other jurisdictions outside of Canada pursuant to relevant prospectus or registration exemptions in accordance with applicable laws in such jurisdictions. The Common Shares and Warrants underlying the Units, as well as the Warrant Shares issuable from the Warrants if exercised, are immediately freely tradeable in accordance with applicable Canadian securities legislation, subject to any restriction on transfer imposed by the policies of the TSX Venture Exchange (the ‘TSXV‘).

As consideration for their services in the Offering, Red Cloud received aggregate cash fees of $195,300 and 3,906,000 non-transferable common share purchase warrants (the ‘Broker Warrants‘). Each Broker Warrant is exercisable into one Common Share at the Offering Price at any time on or before November 19, 2030. The Company has also paid aggregate cash fees of $8,561 and issued an aggregate of 171,212 non-transferable common share purchase warrants to certain eligible finders in connection with the Offering on the same terms as the Broker Warrants.

The closing of the Offering remains subject to the final approval of the TSXV.  

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

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company’s objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky’s flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company’s recently optioned Corcovo project has demonstrated potential to host an in-situ recovery uranium deposit. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

‘Nikolaos Cacos’  

______________________________________
Nikolaos Cacos, President, CEO and Director

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

Disclaimer Regarding Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. ‘Forward-looking information’ includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, the anticipated use of the net proceeds of the Offering; the anticipated receipt of final approvals in respect of the Offering from the TSXV; and statements regarding the potential mineral content of the Company’s projects are forward-looking statements and contain forward-looking information. Generally, but not always, forward-looking information and statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’ or the negative connotation thereof.

In making the forward-looking information in this release, the Company has applied certain factors and assumptions that are based on the Company’s current beliefs as well as assumptions made by and information currently available to the Company including, among other things, that the Company will use the net proceeds of the Offering as anticipated; and that the Company will receive the final approval of the TSXV in respect of the Offering. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release is subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information.

Readers are cautioned not to place undue reliance on forward-looking information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Blue Sky Uranium Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2025/19/c2725.html

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Canada One CEO to Present at 2025 MiningTech North America Conference and Expo, Vancouver, BC

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Canada One Mining Corp. (TSXV: CONE) (OTC Pink: COMCF) (FSE: AU31) (‘Canada One’ or the ‘Company’) is pleased to announce the CEO of the Company will be participating in the MiningTech North America Conference and Expo being held in Vancouver, British Columbia on November 20 and 21, 2025.

Peter Berdusco, CEO of the Company will participate in the opening panel discussion ‘Shaping the Future of Mining Through Investments, Collaboration, Technological Innovations, Digital Transformation, AI, Decarbonisation and Energy Transfer‘. As a speaker, he will also be presenting on ‘Mobile Metal Ion Sampling: Seeing What Conventional Soils Miss‘.

About the Conference and Expo

MiningTech North America Conference & Expo is firmly established as an international mining technology, innovation, AI, digital transformation & clean energy exhibition, bringing together the entire mineral resources value chain to Vancouver, BC.​

As the minerals demand essential to the global energy transition is surging and the sustainable practices are in the spotlight, the mining industry stands at a transformative juncture of structural changes, where technology is the key to ensure the industry delivers on this strategic opportunity of the energy transition.​

The event anticipated over 700 senior level executives from international organisations, governments and stakeholders from more than 20 countries for 2 days of partnering, knowledge sharing, networking and business matching.

About The Copper Dome Project

Copper Dome is located in the lower Quesnel Trough porphyry belt, one of British Columbia’s most prolific mining districts. The Project directly adjoins Hudbay Minerals Inc.’s (TSX: HBM) producing Copper Mountain Mine to the north which hosts Proven and Probable Reserves of 702 million tonnes grading 0.24% Cu, 0.09 g/t Au, and 0.72 g/t Ag (hudbayminerals.com). Multiple mineralized zones have been identified across the Property, with historical drilling confirming high-grade copper associated with northeast-trending structures similar to those hosting mineralization at Copper Mountain.

The Project benefits from excellent infrastructure, enabling year-round access, cost-efficient exploration, and a stable, low-risk jurisdiction.

Historical Work Completed

  • Geophysics: 51 km of induced polarization (IP); airborne magnetic and electromagnetic (EM) coverage over ~50% of the Property
  • Sampling: 2,253 soils and 378 rocks collected
  • Drilling: 8,900+ m of diamond drilling
  • Trenching: Over 1 km excavated

With a five-year drill permit in place, the Company is focused on advancing the Project toward drill-ready target definition.

About Canada One

Canada One Mining Corp. is a Canadian junior exploration company focused on copper-the critical metal powering the global energy transition. The Company advances projects from discovery through resource definition with disciplined, data-driven exploration and responsible practices. Its flagship Copper Dome Project, near Princeton, British Columbia, targets a porphyry copper-gold system in a Tier-1 jurisdiction. Canada One aims to deliver sustainable growth and long-term value for shareholders and local communities.

Contact Us

For further information, interested parties are encouraged to visit the Company’s website at www.canadaonemining.com, or contact the Company by email at info@canadaonemining.com, or by phone at 1.877.844.4661.

On behalf of the Board of Directors of
Canada One Mining Corp.

Peter Berdusco
President
Chief Executive Officer
Interim Chief Financial Officer

Forward-Looking Statements

This press release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward looking statements. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’, and similar expressions, or statements that events, conditions, or results ‘will’, ‘may’, ‘could’, or ‘should’ occur or be achieved. Forward-looking statements in this press release relate to, among other things: statements relating to the anticipated timing thereof and the intended use of proceeds. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing, completion and delivery of the referenced assessments and analysis. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

TSX Venture Exchange Disclaimer

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.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275176

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LAURION Broadens Advisor Network and Issues Stock Options to First Nations under Amended Exploration Agreement as Ishkoday Exploration Progresses

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(TheNewswire)

Laurion Mineral Exploration Inc.

TORONTO, Ontario November 19, 2025 TheNewswire Laurion Mineral Exploration Inc. (TSXV: LME,OTC:LMEFF | OTCPINK: LMEFF,OTC:LMEFF) (‘LAURION’ or the ‘Corporation’) is pleased to provide this corporate update on its advisory engagements, exploration progress, and investor outreach initiatives.

Advisory Network Expansion

As part of its ongoing corporate development strategy, LAURION has broadened its advisory network to include additional strategic partners engaged to complement and extend the Corporation’s capital markets and M&A (strategic transaction) initiatives. This expanded network, established prior to the conclusion of LAURION’s engagement with US Capital Global Partners, as disclosed in its most recent public filing, is intended to enhance the Corporation’s institutional outreach, market visibility, and transactional execution capabilities. LAURION has created a layered, multi-channel approach designed to expedite investor access, broaden the Corporation’s ability to explore transactional opportunities, and ensure the Corporation can efficiently engage a wider breadth of potential partners and stakeholders in exploring strategic alternatives. While the Corporation anticipates that the benefits of these expanded advisory efforts will materialize progressively over time, this coordinated framework aims to strengthen LAURION’s foundation for long-term growth and advance its shareholder value strategy with discipline and transparency.

Advancing the Ishkõday Exploration Program

LAURION continues to execute a disciplined and systematic advancement of its flagship 57 km² Ishkõday Project, located 220 km northeast of Thunder Bay, Ontario. Further to the Corporation’s press releases dated May 8, 2025, May 27, 2025, July 29, 2025, August 19, 2025, September 23, 2025, and October 8, 2025, the 2025 field program has materially progressed on schedule and within budget, with meaningful technical milestones now achieved across geophysics, drilling, and surface exploration.

Issuance of Stock Options to First Nations

In accordance with an amendment to the Exploration Agreement between LAURION and the Animbiigoo Zaagi’igan Anishinaabek (AZA) , Bingwi Neyaashi Anishinaabek (BNA) , and Biinjitiwaabik Zaaging Anishinaabek (BZA ) First Nations, the Corporation’s Board of Directors has authorized the issuance of an aggregate of 750,000 stock options (250,000 to each First Nation). These options, granted under LAURION’s stock option plan, are exercisable at a price of $ 0.38 per common share. The options will vest immediately and remain exercisable for a period of five years from the grant date. This grant is subject to acceptance by the TSX Venture Exchange.

This issuance forms part of the broader resolution and recognition framework outlined under the Exploration Agreement , reflecting LAURION’s continued commitment to long-term collaboration, transparency, and shared benefit with our Indigenous partners.

Looking Ahead and Shareholder Updates

LAURION reaffirms that any developments of material significance will be communicated without delay. In the meantime, shareholders are encouraged to respect channel integrity and refrain from speculating on social media, which may negatively affect the share price and delay the effective execution of strategic initiatives. The Corporation appreciates shareholders’ patience and trust—the Board and management continue exerting every effort, in concert with its diverse advisors, to maximize shareholder value.

About Laurion Mineral Exploration Inc.

The Corporation is a mid-stage junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 274,097,283 outstanding shares, of which approximately 73.6% are owned and controlled by insiders who are eligible investors under the ‘Friends and Family’ categories.

LAURION’s emphasis is on the exploration and development of its flagship project, the 100% owned mid-stage 57 km 2 Ishk õ day Project, and its gold-rich polymetallic mineralization. LAURION’s chief priority remains maximizing shareholder value. A large portion of the Corporation’s focus in this regard falls within the scope of its mineral exploration activities and more specifically, advancing the Ishkõday Project.

A consequence of LAURION’s success and advancement over the past several years is that the Corporation has become positioned as an acquisition target for appropriate potential acquirors. Accordingly, the Corporation’s Board of Directors is aware that possible strategic alternatives and transactional opportunities may arise and/or could be procured in the short or medium terms. The Corporation will promptly issue a press release if any material change occurs.

Laurion Mineral Exploration Inc.

Cynthia Le Sueur-Aquin – President and CEO

Tel: 1-705-788-9186 Fax: 1-705-805-9256

Douglas Vass – Investor Relations Consultant

Email : info@laurion.ca

Website : http://www.LAURION.ca

Follow us on : X (@LAURION_LME), Instagram (laurionmineral) and LinkedIn (https://www.linkedin.com/in/cynthia-le-sueur-aquin-laurion-lme-04b03017/)

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation’s current expectations regarding future events including with respect to LAURION’s business, operations and condition, management’s objectives, strategies, beliefs and intentions, the Corporation’s ability to advance the Ishkõday Project, the nature, focus, timing and potential results of the Corporation’s exploration, drilling and prospecting activities in 2025 and beyond, including the Corporation’s diamond drill program described in this press release and the Corporation’s other planned activities for the Ishkõday Project for the remainder of 2025, and the statements regarding the Corporation’s exploration or consideration of any possible strategic alternatives and transactional opportunities (including, without limitation, the Corporation’s engagement of third party advisors to explore any such potential alternatives and opportunities), as well as the potential outcome(s) of this process and the formation of the Corporation’s aforementioned advisory network, the possible impact of any potential transactions referenced herein on the Corporation or any of its stakeholders, and the ability of the Corporation to identify and complete any potential acquisitions, mergers, financings or other transactions referenced herein, and the timing of any such transactions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the TSX Venture Exchange or any other applicable regulator not providing its approval for any strategic alternatives or transactional opportunities, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation’s publicly filed documents. Investors should consult the Corporation’s ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation’s public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements. All sample values are from grab samples and channel samples, which by their nature, are not necessarily representative of overall grades of mineralized areas. Readers are cautioned to not place undue reliance on the assay values reported in this press release.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Prismo Develops Additional Drill Targets at Silver King Provides Update on Drill Permit

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(TheNewswire)

Prismo Metals Inc.

Vancouver, British Columbia, November 19, 2025 TheNewswire – Prismo Metals Inc. (the ‘ Company ‘) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to report that it has completed a detailed exploration program at the Black Diamond area of its Silver King Project located in Arizona. Work consisted of mapping and sampling of the area including the Black Diamond copper replacement body and the newly encountered strongly altered felsic intrusion with stockwork veining.  A handheld XRF analyzer was used to complete a soil geochemistry grid and to analyze selected rock samples in a qualitative manner. Additionally, an IP survey was recently initiated over the Silver King land package, with results expected by the first week of December.

Figure 1 .  Map showing the location of the Black Diamond replacement and felsic intrusion exploration targets at the Silver King project.  Claim boundaries are shown in yellow.

The soil survey defined a large copper anomaly over the Black Diamond replacement body along with some anomalous gold values. Previous rock samples have shown the copper-gold association of mineralization in replacement mineralization. The soil survey also showed Zn, Pb, Ag and Sb anomalies associated with the felsic intrusion. This intrusion is strongly sericitized and is cut by moderate to strong stockwork quartz veins with locally abundant iron oxides after pyrite.

XRF analysis of rock samples in the area was also completed. Although XRF analyses on rocks are generally qualitative and are not valid assays as are rock samples assayed by the geochemical laboratories, they do indicate the presence of the metals of interest and are useful as guides to mineralization.

XRF analyses of individual quartz veinlets in the stockwork hosted by the felsic intrusion locally indicate the presence of silver, lead and zinc as well as some antimony.  During the exploration program, Prismo’s geological team took 34 rock chip samples over the area. These samples were submitted to the laboratory with assay results expected in the coming weeks.

Craig Gibson, Chief Exploration Officer of the Company, stated: ‘These results confirm Black Diamond as a copper-gold replacement body target as was indicated from previous work, making this area a compelling drill target. The data collected from the felsic intrusion indicated that it is mineralized, a feature that was not indicated in reports from previous work by Fischer Watt in 1980, although they considered it a prime target based on alteration mineralogy and fluid inclusion studies 1 .’

Drill Permit Update

Prismo also announced that the Forest Service, the federal surface land management entity for Silver King, has determined that the Company’s proposed drill plan meets the regulatory requirements for processing, and that such plan is complete, as described in the regulations at 36 CFR 228.4(c).

The Forest Service will now proceed with the environmental analysis pursuant to 36 CFR 228(a)(5) in conformity with the National Environmental Policy Act (NEPA). This analysis will proceed as a Categorical Exclusion, the lowest level of environment reviews applicable to projects that are not expected to have a significant effect on the environment, such as Silver King.

Alain Lambert, CEO of Prismo stated: ‘We are pleased with the steady progress on the permitting front, especially given the now resolved US government ‘shutdown.’

Mr. Lambert added: ‘With the closing of our recent oversubscribed financing, we are fully funded for the first two phases of drilling. In Phase 1, we plan a drill program at the historic Silver King mine site for about 1,000 meters. That drill plan is designed to test the upper half of the steeply dipping pipelike Silver King mineralized body as well as potential mineralization adjacent to the dense stockwork that was the focus of historic mining.’

Figure 2 . Cross section through the Silver King mine workings showing proposed drill holes (in black) to test the pipelike mineralized body (in red)

Given the Company’s recent discoveries, Prismo has added a second phase of drilling for an additional 1,000 meters. This additional program will focus on the newly identified targets outside of the historic mining area, such as the polymetallic vein and the copper vein mentioned above. Drilling of the large body of replacement mineralization on the patented Black Diamond claim is also being planned and is road accessible on private ground.

1 Haynes, F. and Reynolds, 1980, Silver King Breccia Pipe Prospect, unpublished report, Fischer-Watt Mining Co., 5p.

QA/QC

XRF analyses are considered to be qualitative in nature and cannot be considered to be representative of commercial assays.  XRF soil analyses are useful as they indicate variations in metal contents to represent anomalies, although the actual values of the metals present are not necessarily the same as those obtained from commercial geochemical analyses.  The company uses commercial standards when using the XRF analyzer.

Qualified Person

Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and Chief Exploration Officer and a director of the Company, has reviewed and approved the technical disclosures in this news release.  The historic data presented in this press release was obtained from public sources, should be considered incomplete and is not qualified under NI 43-101, but is believed to be accurate. The Company has not verified the historical data presented and it cannot be relied upon, and it is being used solely to aid in exploration plans. References to mineralization at the Magma Mine and Resolution Copper deposit is not necessarily indicative to the mineralization on the Silver King property.

About the Silver King

Discovered in 1875, the Silver King mine was one of Arizona ‘ s most important historic producers, yielding nearly 6 million ounces of silver at grades of up to 61 oz/t.  The Silver King mine sits only 3 km from the main shaft of the Resolution Copper project — a joint venture between Rio Tinto and BHP and one of the world ‘ s largest unmined copper deposits with an estimated copper resource of 1.787 billion metric tonnes at an average grade of 1.5% copper (1) . The unique land position is fully surrounded by Resolution Copper ‘ s claim block, offering strategic upside. Selected samples from small-scale production in the late 1990s returned grades as high as 644 oz/t silver (18,250 g/t) and 0.53 oz/t gold (15 g/t), indicating that high-grade mineralization remains.

About Prismo Metals Inc.

Prismo (CSE: PRIZ,OTC:PMOMF) is a mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico.

Please follow @PrismoMetals on , , , Instagram , and

Prismo Metals Inc.

1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6

Phone: (416) 361-0737

Contact:

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Gordon Aldcorn, President gordon.aldcorn@prismometals.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘ intends’ or ‘ anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘ may’, ‘ could’, ‘ should’, ‘ would’ or ‘ occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Silver King.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Silver King.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund the drilling campaign at Silver King and the timing of such drilling campaign.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Mineral Resource Estimate Updated for the Cowboy State Mine Area at Halleck Creek

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American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) (“ARR” or the “Company”), is pleased to announce an updated Mineral Resource Estimate for the Cowboy State Mine area within its flagship Hallack Creek Rare Earths Project. The update incorporates the results from 18 additional channel samples and coincides with the acquisition of two new exploration drilling permits.

Highlights

  • Updated Mineral Resource Estimate in the Cowboy State Mine (“CSM”) Area RECLASSIFIES INDICATED RESOURCE BY 68.4 MILLION TONNES.
    • 102 Channel Samples collected in 2025 provided data points for an updated geological resource model, resource conversion and mineral resource ESTIMATE
    • Summer exploration and mapping collected 18 additional channel samples across the CSM area
      • 18 Channel samples returned average values of 5,471 ppm Total Rare Earth Oxides (TREO)
      • Standout sample (CS25-RM111) contained a new record high assay grade for the entire Halleck Creek Resource with a Total Rare Earth Oxide (“TREO”) grade of 13,816 PPM, which is 4X higher than the resource average
  • New exploration drilling permits obtained at Halleck Creek:
    • 27 hole locations were permitted at the CSM area for the Development drilling needed for future technical studies beyond the Pre-Feasibility Study (“PFS”)
    • 29 hole locations were permitted at the Bluegrass area, a potential exploration target which would add to total Halleck Creek Mineral Resource Estimates

Odessa Resource Ltd. (“Odessa”), of Perth Australia, were commissioned to update the geological resource model for the CSM Area using 102 channel samples collected during 2025. The locations and assays for the 102 channel samples added to the geological resource model reside in Appendix B. The updated mineral resource estimate for the Cowboy State Mine area is approximately 547.5 million tonnes using a TREO cut-off grade of 1,00ppm, see Table 1 and Figure 4. The channel sample results enabled Odessa to reclassify approximately 63.9 million tonnes to the indicated category from the inferred category from the Mineral Resource Estimate presented in the February 2025 updated CSM Scoping Study1, see Table 2. Additional mapping associated with the channel sampling expanded the resource area to increase the CSM mineral resource estimate by approximately 4.5 million tonnes. It should be noted that the overall tonnage increase and change in grade do not reflect a material change to the total resource estimates for the Cowboy State Mine area.

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Hydrogeological Testing Underway at Lo Herma

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American Uranium Limited (ASX:AMU, OTC:AMUIF) (American Uranium, AMU or the Company) is pleased to advise that hydrogeological testing at its Lo Herma ISR uranium project in Wyoming’s Powder River Basin has commenced. Testing is being undertaken by Petrotek Corporation, a leading injection well and subsurface resources consultancy with more than 28 years of experience in hydrogeological testing and ISR resource development.

Highlights

  • Hydrogeological testing at Lo Herma has commenced, marking a key milestone in advancing towards ISR project development
  • Testing is expected to take approx. 2 weeks with results anticipated by the end of 2026
  • Phase 1 of the resource development drilling campaign at Lo Herma is underway and progressing well with over half of the planned program completed. Initial results are expected before the end of 2026
  • These programs are designed to underpin a Mineral Resource Estimate and Scoping Study update in 2026.

This testing is running concurrently with Phase 1 of the resource development drilling campaign which is progressing well and is now past the halfway point of the resource expansion program. Drilling results are expected by the end of 2026. The hydrogeological testing fieldwork program is expected to be complete during the week commencing November 24th, with results anticipated before the end of 2026.

AMU CEO and Executive Director Bruce Lane commented:

“We are very pleased to now have both the hydrogeological testing and resource development drilling programs underway at Lo Herma. These programs represent major steps toward advancing one of America’s most promising ISR uranium projects. Lo Herma is one of the few near-term, low-cost ISR projects in the U.S. The hydrogeological testing aims to validate our initial aquifer observations and confirm aquifer transmissivity.

“The first phase of drilling is now well underway and past the halfway point with an objective to grow the current 8.57Mlb resource base and ultimately feed into an updated Mineral Resource Estimate and Scoping Study in 2026, positioning us to capitalise on significant support programs in place to support the US domestic nuclear fuel supply chain.”


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Top 10 Gold ETFs in 2025

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Gold exchange-traded funds, or gold ETFs, have risen in popularity among investors who want precious metals exposure.

ETFs are similar to mutual funds in that they track assets such as stocks, bonds, currencies or commodities; a key difference is that ETFs can be bought and sold on exchanges, making them widely accessible. They provide considerable flexibility in implementing various investment strategies and in building investment portfolios.

Like other ETFs, gold ETFs are traded in the same manner as individual stocks, meaning that investing in the gold ETF market is similar to trading a stock on an exchange.

There are two main types of gold ETFs: those that track the gold price and those that hold investments in gold companies.

ETFs that follow the gold price give investors access to the yellow metal by holding either physical gold bullion or gold futures contracts. It is important to keep in mind that investing in the majority of gold ETFs does not allow investors to own any physical gold — in general, even a gold ETF that tracks physical gold cannot be redeemed for actual gold, although there are a few exceptions to that.

One more thing to keep in mind is that gold ETFs that hold physical gold are taxed as collectibles in the US, giving them a higher maximum capital gains rate, which is worth noting for investors in the highest tax bracket.

The other type of gold ETF invests in gold companies, providing exposure to gold mining, development and exploration stocks, as well as gold royalty stocks.

Read on to learn about the benefits of adding gold ETFs to your portfolio, the five largest gold ETFs by total assets and five top gold miner ETFs.

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    What are the benefits of gold ETFs?

    Gold ETFs are fairly common today, and are a good choice for investors who want to invest in precious metals without trading gold futures or owning physical gold, such as gold coins or bars.

    But gold ETFs are often considered a lower-risk investment, as they have a number of benefits for market participants and can open up a portfolio to diversification.

    For example, physical gold is known for being a hedge against economic and political uncertainty, and owning shares of a gold ETF that offers exposure to the gold spot price provides investors with this same security without the hassle of buying and storing the yellow metal.

    Since gold tends to rise when the US dollar is weak, purchasing a gold ETF could balance out any investment that has the potential to decline when the greenback does. Conversely, selling gold ETF holdings can be beneficial when the US dollar is making gains.

    Gold ETFs that track gold companies give investors exposure to multiple companies in the space rather than having to choose specific stocks. This is an appealing option for those who want exposure to the sector without carrying the risks of investing in an individual stock.

    Gold ETFs as a whole also offer security in that they are managed by yellow metal experts, so there is a better chance of making a profit than going it alone. Of course, it is important to keep in mind that, despite their less risky nature, gold ETFs are still affected by the rise and fall of the gold price.

    Mutual funds are often compared to ETFs, but due to the fact that mutual funds can only be bought or sold at the close of the trading day, gold ETFs become more beneficial as they can be traded whenever the stock market is open, meaning movement is more liquid and not tied down by end-of-day trades.

    Top 5 spot gold ETFs

    The five gold ETFs below offer investors exposure to the spot price of gold by holding gold bullion. These options may be worth considering when it comes to getting exposure to the yellow metal’s price movements.

    According to ETFdb.com, these gold ETFs were the largest gold ETFs by total assets as of November 13, 2025. The five largest gold ETFs all track the gold price.

    1. SPDR Gold Shares (ARCA:GLD)

    Total assets under management: US$139.14 billion
    Unit price: US$380.58

    The SPDR Gold Shares tracks the spot price of gold bullion and is determined by market forces in the 24 hour, over-the-counter market for gold. This market accounts for most global gold trade, and any quoted prices available to ETF investors reflect the latest available information.

    Physical bullion comprises 100 percent of the ETF’s holdings, and its expense ratio is 0.4 percent. It offers investors a way to invest in gold that is much less costly than purchasing, storing and insuring bars or coins.

    2. iShares Gold Trust (ARCA:IAU)

    Total assets under management: US$64.22 billion
    Unit price: US$79.04

    Like the SPDR Gold Trust, the iShares Gold Trust ETF aims to track the spot price of gold bullion. Its expense ratio is 0.25 percent, and its holdings are allocated entirely to physical gold bullion. The aim is for the trust’s value to reflect the performance of the price of gold.

    The physical gold the trust holds is in vaults in locations including New York, US; Toronto, Canada; and London, UK. Investors can purchase and sell shares through a traditional brokerage account throughout the trading day.

    3. SPDR Gold MiniShares Trust (ARCA:GLDM)

    Total assets under management: US$23.33 billion
    Unit price: US$81.89

    The SPDR Gold MiniShares Trust offers investors one of the lowest available expense ratios for a US-listed ETF backed by physical gold at 0.1 percent. This ETF represents fractional, undivided beneficial ownership interests in the trust, which holds only physical gold bullion and, from time to time, cash.

    4. Abrdn Physical Gold Shares ETF (ARCA:SGOL)

    Total assets under management: US$6.95 billion
    Unit price: US$39.43

    The abrdn Physical Gold Shares ETF aims to have its shares reflect the performance of the gold bullion price, minus the trust’s operating expenses, by holding 100 percent physical gold bars. This gold ETF has an expense ratio of 0.17 percent.

    The gold backing the fund comes only in the form of London Good Delivery gold bullion bars refined on or after January 1, 2012, and held in secure vaults in London.

    5. iShares Gold Trust Micro (ARCA:IAUM)

    Total assets under management: US$5.52 billion
    Unit price: US$41.84

    The iShares Gold Trust Micro ETP is the lowest-cost physically backed gold ETP on the market with an expense ratio of just 0.09 percent. The fund is designed to provide exposure to the day-to-day movement of the price of gold bullion. The underlying gold bars are held in vaults.

    Top 5 gold mining ETFs

    These five gold stock ETFs are designed for investors looking to gain exposure to gold miners without the risk of holding individual gold stocks.

    1. VanEck Gold Miners ETF (ARCA:GDX)

    Total assets under management: US$23.89 billion
    Unit price: US$79.18

    The VanEck Gold Miners ETF provides investors with exposure to the largest global gold producers and royalty companies involved in the precious metals space and has an expense ratio of 0.51 percent. Nearly 90 percent of its holdings have market caps above US$5 billion.

    This ETF’s top holdings include Agnico Eagle Mines (TSX:AEM,NYSE:AEM) with a weight of 7.9 percent, Newmont (NYSE:NEM,ASX:NEM) with 7.15 percent and AngloGold Ashanti (NYSE:AU,JSE:ANG) with 5.71 percent.

    Holdings are rebalanced quarterly with qualified companies having a market cap greater than US$150 million, US$1 million in average daily trading volume and a minimum of 250,000 shares traded per month.

    2. VanEck Junior Gold Miners ETF (ARCA:GDXJ)

    Total assets under management: US$8.66 billion
    Unit price: US$101.24

    Similar to the GDX above, the VanEck Junior Gold Miners ETF provides investors with exposure to gold equities; however, it has a stronger focus on smaller gold mining companies and junior stocks, which carry higher risk, but also offer greater potential returns.

    Its top holdings include Pan American Silver (TSX:PAAS) with a weight of 6.45 percent, Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) with 6.39 percent and Alamos Gold (TSX:AGI,NYSE:AGI) with 5.75 percent.

    Holdings are reviewed in March and September, and rebalanced quarterly, with qualifications matching those for the VanEck Gold Miners ETF. Like the GDX, the GDXJ has an expense ratio of 0.51 percent.

    3. iShares MSCI Global Gold Miners ETF (Nasdaq:RING)

    Total assets under management: US$2.63 billion
    Unit price: US$67.87

    BlackRock’s (NYSE:BLK) iShares MSCI Global Gold Miners ETF provides investors with exposure to a diverse portfolio of global gold mining companies within the Morgan Stanley Capital International (MSCI) index and charges an expense ratio of 0.39 percent.

    Top holdings in the fund include Newmont with a weight of 15.85 percent, Agnico Eagle with 13.33 percent and Barrick Mining (TSX:ABX,NYSE:B) with 8.92 percent.

    4. Sprott Gold Miners ETF (ARCA:SGDM)

    Total assets under management: US$611.45 million
    Unit price: US$64.64

    The Sprott (TSX:SII,NYSE:SII) Gold Miners ETF is an investment product designed to deliver returns that track the Solactive Gold Miners Custom Factors Index, which follows major gold equities listed on Canadian and US exchanges. The ETF is rebalanced quarterly and has a total operating expense of 0.5 percent.

    Top holdings in the fund include Agnico Eagle with a weight of 12.41 percent, Newmont with 8.92 percent and Wheaton Precious Metals (TSX:WPM,NYSE:WPM) with 7.83 percent.

    5. Sprott Junior Gold Miners ETF (ARCA:SDGJ)

    Total assets under management: US$280.97 million
    Unit price: US$76.56

    The Sprott Junior Gold Miners ETF has also been designed to provide results tied to its underlying index, in this case, the Solactive Junior Gold Miners Custom Factors Index, which tracks companies with a market capitalization between US$200 million and US$3 billion.

    The ETF is rebalanced semi-annually in March and September and carries a total management fee of 0.5 percent.

    Top holdings in the fund include Bellevue Gold (ASX:BGL,OTC Pink:BELGF) with a weight of 5.04 percent, Novagold Resources (NYSE:NG) with 5.03 percent and Turk Altin Isletmeleri with 4.94 percent.

    Securities Disclosure: I, Dean Belder, currently hold a direct investment in Equinox Gold.

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    Red Mountain Mining Successfully Lists on the US Stock Market with a Strong Trading Debut Up 36%

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    Red Mountain Mining Limited (ASX: RMX, US CODE: RMXFF, or “Company”), a Critical Minerals exploration and development company with a growing portfolio in Tier-1 Mining Districts in the United States and Australia, is pleased to announce that RMXFF successfully commenced trading on the OTCQB this week. The price reached a high of A$0.054 (US$0.035) on the first day of activity.

    HIGHLIGHTS

    • RMXFF successfully listed on the US Market (OTCQB) with Red Mountain trading as high as A$0.054 (US$0.035) on the first day, up 36%
    • RMXFF experienced a strong debut, with robust market activity & trading volumes and high levels of US-based investor engagement
    • RMXFF is set to present at the Australian Rare Earths & Critical Minerals Investor Conference on 19 November 2025, to be distributed across the broader US capital markets network
    • Red Mountain is continuing to be actively engaged in discussions with experienced strategic partners to fast-track its US and Australian Critical Minerals Portfolio
    • These discussions are focused on accelerating project development and leveraging partner expertise in navigating US Government funding programs and Critical Minerals project development and support
    • Red Mountain’s United States Critical Minerals Portfolio uniquely includes highly prospective and advantageously located Antimony Projects in both Idaho and Utah – adjacent to projects with significant known Antimony mineralisation
    • In Australia, Red Mountain’s highly prospective Armidale Antimony-Gold Project comprises a large, strategic tenure covering nearly 400km2 of highly prospective ground, located west of Larvotto Resources’ (ASX: LRV $580m market cap) Hillgrove Project, which is Australia’s largest and the world’s eighth largest Antimony deposit – also subject to the recent takeover attempt from United States Antimony Corp (NYSE: UAMY A$1.5b market cap)
    • Since the acquisition of Hillgrove in December 2023, LRV’s market cap has surged from less than $6 million to a high of over $700 million
    • Red Mountain expects to receive and announce the further results from its Armidale Antimony-Gold Project by the end of NovemberRed Mountain also expects to make further updates to the market regarding its US based growth initiatives with the Bureau of Land and Management (BLM) offices returning to normal operational capacity, following the resolution of the US Government shutdown this month

    Red Mountain’s highly experienced US-based markets advisory team has successfully supported the RMXFF listing and the Company notes the strong initial US based investor interest and trading volumes, relative to its peers.

    Red Mountain’s specialised capital markets and investor engagement advisors, have deep networks within the US capital markets, and the Company is working closely with its advisors to further enhance and complement the benefits of the RMXFF listing.

    Red Mountain Mining set to continue aggressive growth strategy

    Red Mountain continues to seek further opportunities to expand its portfolio of high-quality Strategic Metals projects in Tier-1 US mining jurisdictions, with a goal of building a portfolio of assets to leverage what is an unprecedented critical shortage of Western supply of Strategic and Critical Metals.

    The resolution of the US federal government shutdown on 12 November 2025, allows for Red Mountain to continue its aggressive US growth and expansion strategy. Subject to the satisfactory completion of due diligence, the Company expects to announce further growth initiatives this month.

    Click here for the full ASX Release

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    Copper Quest Exploration

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    Investor Insight

    Copper Quest Exploration is advancing a portfolio of high-quality copper porphyry projects across British Columbia and the Western United States. With over 40,000 hectares in tier-one jurisdictions and a discovery-first mindset, the company is positioned to deliver multiple catalysts from both Canadian and US projects in 2025 and beyond.

    Overview

    Copper Quest Exploration (CSE:CQX,OTCQB:IMIMF,FRA:3MX) is focused on creating shareholder value through the exploration and development of its North American critical mineral portfolio. The company’s land position covers more than 40,000 hectares across tier-one mining jurisdictions in Canada and the US.

    In British Columbia, Copper Quest holds a 100-percent-interest in the Stars property, a porphyry copper-molybdenum discovery covering 9,693 hectares in central BC’s Bulkley Porphyry Belt; the 5,389-hectare Stellar property, consolidating multiple historic showings and new geophysical anomalies; an earn-in option of up to 80 percent on the Rip project, a 4,700-hectare porphyry copper-molybdenum system in the same belt; and the 100-percent-owned Thane Project, spanning 20,658 hectares in the Toodoggone Porphyry Belt with multiple copper-gold-molybdenum targets.

    Map of British Columbia, Canada with Copper Quest Exploration projects

    In Lemhi County, Idaho, Copper Quest has acquired the Nekash copper-gold porphyry project, an early-stage, highly prospective property in the Idaho-Montana porphyry belt. The acquisition marks Copper Quest’s expansion to the US, strategically leveraging Idaho’s growing reputation as a copper exploration frontier.

    The company is expanding its footprint in BC through an agreement to acquire the Kitimat Copper-Gold Project, located about 10 km northwest of the deep-water port of Kitimat, and an option to purchase a local company holding 100 percent ownership of the Alpine Gold Property.

    Company Highlights

    • Large, Tier-one Land Position: More than 40,000 hectares across British Columbia’s Bulkley and Toodoggone Porphyry Belts, plus a newly acquired copper-gold porphyry project in Idaho, USA.
    • Flagship Discovery at Stars: Drill intercepts of 0.466 percent copper over 195.1 m confirm a fertile porphyry copper-molybdenum system with over 30 km of untested intrusive contacts.
    • Multiple Copper Systems: Canadian portfolio includes Stars, Stellar, Rip (earn-in up to 80 percent) and Thane, each offering district-scale potential in proven belts.
    • Idaho Acquisition: The Nekash copper-gold porphyry project in Lemhi County, Idaho, is a milestone acquisition aligned with its strategy to build a portfolio of highly prospective copper assets across North America.
    • British Columbia Acquisition: Copper Quest is acquiring both the Alpine Gold Property in the West Kootenay region and the Kitimat Copper-Gold Project located just 10 km from the deep-water port of Kitimat, B.C.

    Key Projects

    Stars Project

    Map highlighting Copper Quest Exploration

    The Stars project is a 9,694-hectare, road-accessible copper-molybdenum property situated within the prolific Bulkley porphyry belt. The district is home to past-producing operations such as the Huckleberry mine, operated by Imperial Metals, and Newmont’s Equity Silver Mine, making it a proven copper jurisdiction. Stars is defined by a 5 × 2.5-kilometre annular magnetic anomaly that coincides with a copper-molybdenum mineralized monzonite intrusion. In 2018, drilling confirmed a significant porphyry system at the Tana Zone, returning intercepts of 0.466 percent copper over 195.1 m from 23 m with molybdenum credits and 0.20 percent copper over 396.7 metres from 28 metres depth. Shorter, higher-grade sections included 40 metres averaging close to 1 percent copper. Importantly, every hole drilled on the property has returned copper concentrations well above background levels, with strong phyllic and potassic alteration, multi-phase intrusive textures, and quartz-sulfide veining consistent with productive porphyry systems.

    Rock sample from Copper Quest Exploration

    Impressive drill results in 2018 have never seen follow-up exploration

    Geological comparisons with Huckleberry suggest Stars has the potential to host multiple deposits along more than 30 kilometres of untested intrusive contact. Upcoming work will focus on IP surveys to vector into contact zones, step-out drilling at the Tana Zone, and initial drilling of embayment features such as the “Big Dipper” anomaly.

    ​

    Rip Project

    The Rip project is a 4,750-hectare copper-molybdenum property located 60 kilometres south of Houston, BC, with excellent access via Highway 16 and logging roads. Geophysical surveys completed in 2024, including airborne magnetics and a 3D-DCIP induced polarization program, identified two concentric chargeability anomalies encircling separate magnetic highs. These “donut” features are classic pyrite halos that typically rim porphyry copper centres.

    Copper Quest Exploration

    In late 2024, Copper Quest drilled two holes totaling 1,033 metres into the northern anomaly. The results confirmed the presence of multi-phase porphyry intrusions with abundant quartz-pyrite-chalcopyrite-molybdenite veining, long intervals of anomalous copper above 0.1 percent, and strong alteration patterns. The larger southern anomaly remains completely untested and represents the project’s most significant target. Copper Quest has the option to earn up to 80 percent in Rip by spending $1 million by the end of 2025, after which the agreement transitions to a joint venture. Planned drilling will test the southern anomaly while stepping out on the northern target to vector into higher-grade zones.

    Stellar Project

    Aerial view of Copper Quest Exploration

    The Stellar project covers 5,389 hectares and lies immediately north of Stars. It consolidates multiple historic claims and showings that had never been evaluated under a unified geological model. Stellar hosts several key targets, most notably the Cassiopeia anomaly, a 2.5-kilometre magnetic bullseye with an 800-metre magnetic low at its centre, discovered in 2019 but never drill tested. This geophysical feature is strongly consistent with porphyry copper-molybdenum-gold models.

    The Jewelry Box area is another high-priority target, hosting eight documented MINFILE showings where historical sampling returned extreme grades, including 36.7 percent copper, 31.2 percent copper, 22.6 percent copper with 4,860 grams per ton (g/t0 silver, and gold values up to 42 g/t. These occurrences are related to a porphyritic intrusion that cuts Hazelton Group volcanic rocks and limestone, with mineralization styles ranging from high-grade copper-gold-silver veins to lead-zinc-silver occurrences and rhodonite-hosted mineralization. Additional targets include the Galena Zone, a 100 × 150 metre area with strong lead-silver-zinc mineralization, and the Northwest Showings, associated with syenite intrusions. Copper Quest is applying a holistic approach to the property for the first time, integrating fragmented historical exploration. Planned programs include ground IP at Cassiopeia, systematic mapping and sampling at Jewelry Box, and drill targeting across the consolidated property.

    Thane Project

    Map of Copper Quest Exploration

    The Thane project is a 20,658-hectare copper-gold property in the Toodoggone District of the Quesnel Terrane, an area that hosts major porphyry deposits such as Mt. Milligan and Kemess. The property encompasses a 14 km × 6 km alteration footprint with at least ten mineralized centres, including Cirque, Fairway, Bananas, Gail, and Aten. Historical exploration has involved more than $5 million of investment in mapping, geochemistry, geophysics and shallow drilling, with 12 short diamond drill holes completed to date. Rock sampling campaigns between 2013 and 2020 returned copper grades exceeding 9,000 parts per million (ppm) and gold values up to 12.8 g/t, highlighting the system’s fertility. Regional Geoscience BC datasets place Thane in the 100th percentile for copper prospectivity across British Columbia. Copper Quest views Thane as a large-scale discovery opportunity and is considering a joint venture to advance the project while retaining upside exposure.

    Nekash Project

    The Nekash project is a highly prospective copper-gold porphyry opportunity in Lemhi County, Idaho, situated along the prolific Idaho-Montana porphyry belt. Spanning 70 unpatented federal lode claims (~585 hectares), the property is fully road-accessible via maintained US highways and forest service roads. Historic sampling has confirmed the presence of high-grade surface mineralization, including up to 3.8 percent copper, 0.9 g/t gold, and 25 g/t silver over 6.4 m in a stratabound “manto” horizon, and porphyry-style veins grading as high as 6.6 percent copper with gold values.

    Acquired at a modest cost (4.25 million shares, no cash payment or royalties), and coupled with the appointment of an experienced technical advisor, Nekash offers shareholders exposure to a jurisdiction with favorable infrastructure, strong comparables and room for significant upside through geophysics, geochemistry and drilling.

    Management Team

    Brian Thurston — CEO and Director

    Geologist with over 30 years of global exploration experience Brian Thurston is the former country manager for Aurelian Resources in Ecuador during the Fruta del Norte discovery. Has managed and founded multiple public resource companies with expertise in porphyry systems, corporate strategy, and capital markets.

    Dong Shim — CFO

    Dong Shim is a chartered professional accountant with extensive experience in public company audits, financial controls and cross-border reporting for TSXV, CSE and OTC issuers.

    Dr. Mark Cruise — Director

    A geologist and mining executive with over 25 years of experience, Mark Cruise is the founder and former CEO of Trevali Mining, which he built into a top-10 global zinc producer with operations in four countries. Previously with Anglo American.

    Jason Nickel — Director

    Jason Nickel is a mining engineer with three decades of mine design, operations, and project management experience across Canada. Held senior roles in underground and open-pit operations.

    Cameron MacDonald — Director

    Cameron MacDonald is a capital markets professional with background in M&A, project financing and equity/debt raises exceeding $950 million.

    Joshua White – Technical Advisor

    Joshua White is an exploration geologist with more than 13 years of experience, and a principal of Aqua Terra Geoscientists LLC. He worked for Kinross Gold as a project generation gold geologist, working at mines and exploration projects on 4 different continents.

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    AI’s Infrastructure Boom: Risks, Legal Insights and Innovation

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    Silicon Valley’s tech giants are pouring hundreds of billions of dollars into artificial intelligence (AI) infrastructure this year, a commitment that has been met with growing anxiety from shareholders.

    This massive investment, reminiscent of the dot-com boom, has faced skepticism over its sustainability.

    Market concerns were recently amplified after investor Michael Burry, who successfully bet against the US housing bubble, shorted tech shares and argued that AI hyperscalers are artificially inflating earnings by extending the useful life of costly equipment, a practice he termed “one of the more common frauds of the modern era.”

    As investors weigh the promise of AI against the risks of inflated valuations and uncertain profitability, success will depend on grasping the strategic and legal dynamics of the AI infrastructure market, not just technological progress.

    Overinvestment concerns in AI infrastructure

    Drawing parallels between the current AI investment boom and the historic dot-com bubble, Ramos warned about the risk of overbuilding capacity without enough demand-driving applications.

    “I’ve been worrying that we’re … building all this capacity, (but) there aren’t enough killer apps to use all the capacity that’s being built. What I worry (is that) we’re going to end up in the same place that we did in the boom,’ he said.

    Formerly an engineer at the Boeing Company (NYSE:BA), Ramos provides technical insight on intellectual property (IP) licensing, portfolio growth and management. He leverages his experience in software and IT service transactions to advise clients on AI risk evaluation and help them develop workplace AI policies.

    Ramos cautioned against overbuilding capacity without established demand, drawing lessons from the telecommunications bubble. He compared the fiber optic cable buildout of the past to the current construction of AI data centers and infrastructure, and described working extensively for companies involved in building out this capacity, only to see the market collapse when the anticipated demand failed to materialize.

    “We did all these things technologically to get more capacity, and then it wasn’t needed. And all the investments that happened … it impacted my practice quite a bit,’ he noted.

    While today’s enthusiasm is similar to what happened then, Ramos said a key difference is that today’s institutional investors are less willing to tolerate prolonged uncertainty without visible paths to profitability.

    “Enterprise demand kind of works in the same way that it always did,” he explained.

    “Most of my clients have not yet put a whole bunch of money into the next brand-new thing, because they want to make sure the next brand-new thing works and is going to be sold and maintained by a vendor who’s going to be around to do that. So there’s kind of a slower adoption than what you see on the consumer side,’ Ramos added.

    Companies that look beyond hype and strategically balance investment with clear business cases will likely emerge strongest. Ramos advised leaders to consider succession and exit strategies in technology ventures early, underscoring that “the business lifecycle around AI is evolving quickly, and legal foresight is essential.”

    Legal and regulatory considerations shaping AI infrastructure adoption

    With technology evolving rapidly, Ramos emphasized that savvy businesses must assess AI-specific risks carefully, pointing to issues such as intellectual property infringement.

    “Data privacy is a concern,” he said. “If you have an AI solution, and you are using it to solve problems that involve putting personal information into an LLM, can that LLM access that information to answer other people’s questions? And, if they can, there’s a potential that you have privacy breaches going on.”

    Ramos advised businesses to consider where the value of AI adoption lies, and whether it comes with its own flaws.

    He also highlighted that the landscape is currently highly fragmented, with no preemptive federal policy guiding AI development. As a result, states are establishing their own rules, creating a “patchwork” of regulations that increase compliance challenges as well as costs, a potentially major impediment to both innovation and infrastructure investments. All of this will shape how and where companies decide to develop and deploy AI solutions.

    Strategic innovation in AI infrastructure

    Ramos suggested that the buildout of AI infrastructure could prompt significant changes in how companies approach tech investment, noting that models could shift toward more flexible resource allocation rather than outright ownership, mirroring successful “capacity sharing” approaches from past technology cycles.

    The emergence of new models and increased focus on energy efficiency could prompt significant changes in how companies structure their technology investments and strategies.

    Ramos highlighted time sharing of GPU resources as a key emerging strategy to optimize costly AI infrastructure, drawing a parallel to historical time sharing in fiber optics as a model.

    He explained that with GPUs currently utilized only 15 to 20 percent of the time, there is major potential for efficiency gains if companies share or lease compute resources when not in use.

    Emerging business models that enable GPU time sharing represent promising avenues for value creation. For investors, this marks a shift toward more asset-light, scalable models in AI infrastructure.

    A partnership between decentralized data platform Pundi AI and decentralized cloud computing provider Spheron Network exemplifies this strategy. Their collaboration addresses the problems of low-quality training data and the high costs of compute resources by providing verifiable, community-labeled datasets with on-chain provenance, packaged as tokenized digital assets that development teams can access securely and transparently.

    The recent partnership creates an integrated pipeline from data to scalable, affordable compute, supporting decentralized AI development and directly addressing the inefficiencies and bottlenecks in current AI workflows.

    On the compute side, Spheron Network offers decentralized and affordable GPU and CPU resources, enabling AI developers to rent compute power on demand rather than relying on costly fixed infrastructure.

    This allows AI developers, especially startups and small teams, to run more experiments per dollar, avoid costly fixed infrastructure and scale compute resources flexibly based on their needs.

    Investor takeaway

    As capital floods into AI infrastructure, Ramos advised prudence coupled with innovation.

    The stakes are high, with opportunities to reshape the technology landscape, but equally real risks underscoring the importance of legal and strategic guidance. For companies navigating these waters, careful planning around AI investments and corporate policies will be key to long-term success.

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

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