Melbourne, Australia (ABN Newswire) – Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) has entered into a binding agreement to acquire the global rights to commercially exploit a patented photovoltaic (‘PV’) solar panel recycling technology known as ‘Microwave Joule Heating Technology’ (‘MJHT’ or the ‘Technology’).

Highlights

– Agreement to acquire global rights photovoltaic (PV) solar panel recycling technology

– ‘Microwave Joule Heating Technology’ (MJHT) from Macquarie University

– Utilises microwave technology to selectively heat and delaminate PV cells

– 60-78 million tonnes of waste photovoltaic (PV) modules cumulated by 2050

– Today only 15% of waste solar cells are recycled worldwide

– Most end up in land fill as valuable waste

– Hard to recycle, high temperature furnace, toxic chemicals, low recovery

– MJHT and Delamination enables selective separation of materials – higher recoveries

– To investigate further recovery of silver, silicon, gallium and indium

– Binding commitments received to raise $1.7 million via placement to existing and new sophisticated and professional investors

The rights will be secured via an exclusive licensing agreement (‘Licensing Agreement’) with Macquarie University (‘MQU’), held through an Australian-incorporated holding company, New Age Minerals Pty Ltd (‘NAM’). The key terms of the Licensing Agreement are set out in Schedule 1*. The transaction will be effected by LU7 acquiring 100% of the issued share capital of NAM (‘Proposed Transaction’).

The basis of the technology platform utilises microwave technology to selectively heat silicon thereby softening the EVA encapsulant in solar panels, enabling easy delamination and potential recovery of valuable materials at room temperature. This approach avoids the need for extreme heat (1400degC) typically required for separating materials like glass and silicon as well as the use of costly hazardous chemicals in traditional processes. Delamination enables selective separation of materials without the need for mechanical crushing, whereas traditional crushing methods often result in cross-contaminated material and lower recovery rates.

A report published by the International Energy Agency Photovoltaic Power Systems Programme1 projected that global waste PV modules will amount to 1.7-8.0 million tonnes cumulatively by 2030 and 60-78 million tonnes cumulatively by 2050. By 2035, Australia is expected to accumulate 1 million tonnes of solar panel waste worth over A$1 billion, while the global CIGS (Copper, Indium, Gallium, Selenide) solar cell market is projected to grow to US$12.23 billion by 2032.

Currently, only 15% of used PV cells are recycled, with the rest accumulating in landfills.

This low recycling rate is due to complex processes, high-temperature furnaces, toxic chemicals, and poor recovery yields. The Technology, developed by MQU, enhances the extraction of valuable metals such as silver, silicon, gallium, and indium from discarded PV panels using microwave and delaminating techniques. The breakthrough technology offers a promising new approach for enhanced recovery of valuable metals like Silver, Silicon, Gallium, and Indium. The Company plans to initiate further research and development in this area.

THE PROBLEM TODAY

The world’s renewable energy transition is moving fast, with large-scale PV solar panels playing a central role in national energy strategies. The global solar cell market is projected to hit US$39.81 billion by 2037, growing at a compound annual growth rate (CAGR) of around 8.2%.

Approximately 37% of Australian households have installed solar panels. This represents over 4 million homes and small businesses with solar power systems. The Clean Energy Council reports that 12.4% of Australia’s electricity generation in 2024 came from rooftop solar.

However, as these panels approach the end of their 25-30-year lifespan, the industry faces a growing challenge: managing solar panel waste and recovering valuable materials. A report published by International Energy Agency Photovoltaic Power Systems Programme (IEA PVPS) Task12 and the International Renewable Energy Agency (IRENA) in 2016 projected world’s waste PV modules globally to amount to 1,7-8,0 million tonnes cumulatively by 2030 and to 60-78 million tonnes cumulatively by 2050. By 2035, Australia alone is expected to accumulate 1 million tonnes of end-of-life solar panels, with a total material value of over $1 billion. By 2045, Australia could be looking at 34.6 GW of serviceable panels that will need to be recycled or repurposed, equivalent to the total installed solar capacity in the country as of August 2024.

LOW RECYCLING RATES

The global recycling rate for PV solar panels is around 15%, driven by several challenges. The recycling process is complex, requiring high temperatures and toxic chemicals, making it costly and energy intensive. Economic incentives are limited as the recovery of valuable materials like silicon does not provide sufficient financial returns. However, if recycling technologies can effectively attract and recover critical materials like silver, silicon, gallium, and indium, the financial viability of recycling improves, driving higher recycling rates.

Additionally, the lack of recycling infrastructure and the diverse materials in panels further complicate efficient separation, but advancements in technology are addressing these issues.

When waste PV cells aren’t recycled, they often end up in landfills, causing numerous environmental problems.

Panels can contain harmful materials like cadmium and lead, which may leak into the ground and water, posing risks to both ecosystems and human health. Valuable metals like silver, silicon, gallium, and indium are lost, adding to the strain on natural resources. As more solar panels reach the end of their life, landfills fill up, and the energy stored in these materials is wasted. Recycling can help solve these issues by recovering critical materials and cutting down on pollution.

POTENTIAL GROWTH OF PV RECYCLING INDUSTRY

The nascent PV solar panel recycling industry is experiencing rapid growth due to the increasing demand for critical metals such as silicon, silver, and indium, which hold substantial economic value. As the market for endof-life (EoL) solar panels expands, driven by both economic opportunities and environmental needs, the recovery of these materials is becoming a lucrative business. The market for recyclable materials from EoL solar panels is projected to reach over $2.7 billion by 2030 and could approach $80 billion by 2050, according to Rystad Energy. This growth is further fuelled by the fact that recovering materials from used panels can offset the need for costly and environmentally damaging virgin material extraction. Additionally, recycling helps secure a domestic supply of critical metals, reducing reliance on volatile foreign sources. Advancements in recycling technology, particularly in recovering high-value materials like silicon and silver, are making these processes more economically viable and environmentally necessary. Research has demonstrated that up to 98% of silver and nearly all of copper, lead, and other valuable metals can be recovered efficiently, enhancing the profitability of the recycling industry. As technology improves, the recycling of PV panels will play a crucial role in supporting the transition to a circular economy and sustainable energy future.

CRITICAL METALS IN PV CELLS

As the demand for critical minerals continues to rise with the global shift to clean energy, the need to recover valuable materials from these panels becomes increasingly urgent. Solar panels are made up of 95% recyclable materials, including silver, aluminum, silicon, copper, indium, and gallium-all of which are vital to global clean energy supply chains. Rare metals like gallium are essential for solar fuel cells, semiconductor chips, and other high-tech applications, making their recovery from e-waste a key priority.

COMMENTS: EXECUTIVE CHAIRMAN, IGGY TAN

‘Now that we have completed our lithium refinery DFS and secured all necessary components-including land and partnerships-we are positioned and ready for a lithium price recovery. We are confident in our counter-cyclical strategy and firmly believe that LU7 will benefit significantly when the lithium market rebounds. While awaiting this recovery, we have been presented with an exciting opportunity to acquire a cutting-edge photovoltaic recycling technology’.

‘I am thrilled about the acquisition of Macquarie University’s Microwave Joule Heating Technology (MJHT) and the opportunity to potentially extract critical metals such as silver from solar panel recycling.

The need for effective PV recycling has never been greater, with only 15% of panels currently being recycled. The mass accumulation of solar panel waste in landfills is a growing problem, as valuable critical metals like silver, silicon, gallium, and indium are left behind, contributing to both resource depletion and environmental harm. Microwave technology offers a promising solution to these challenges, enabling higher recovery rates and more sustainable recycling processes. We firmly believe that this technology represents the future of solar panel waste management. We are eager to collaborate with the Macquarie team to develop a more efficient and cost-effective recycling process’.

*To view the full release with tables and figures, please visit:
https://abnnewswire.net/lnk/A0938OHA

To view the Market Presentation, please visit:
https://www.abnnewswire.net/lnk/JJ10ITOI

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe’s mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

Source:
Lithium Universe Ltd

Contact:
Alex Hanly
Chief Executive Officer
Lithium Universe Limited
Tel: +61 448 418 725
Email: info@lithiumuniverse.com

Iggy Tan
Chairman
Lithium Universe Limited
Email: info@lithiumuniverse.com

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Adelaide, Australia (ABN Newswire) – Resolution Minerals Ltd (ASX:RML) (FRA:NC3) (OTCMKTS:RLMLF) is pleased to announce the selection of Clewett Global Services as external affairs advisers to support the development of the Horse Heaven Antimony-Gold-Silver-Tungsten project in Idaho, USA.

Highlights

– Engagement in Washington D.C. is a critical step in positioning RML as a trusted partner in the U.S. critical minerals supply chain

– Resolution to consider applying for U.S. Department of Defense (DOD) funding to expedite Horse Heaven Project in Idaho

– Neighbouring Perpetua Resources (PPTA.NAS) was fast-tracked for development in April 2025, and received up to US$74 million in DOD funding, highlighting strong U.S. Government commitment and support for antimony and other critical metal projects

– By aligning with U.S. Government strategic priorities, RML is actively enhancing its ability to progress Horse Heaven on a faster schedule

– Antimony, Silver, Gold and Tungsten trading at record-high prices

CLEWETT GLOBAL SERVICES APPOINTED TO WORK WITH RESOLUTION TO DEVELOP U.S. GOVERNMENT ENGAGEMENT STRATEGY

The Horse Heaven Project is located directly adjacent to NASDAQ-listed Perpetua Resources’ $2 billion Stibnite Gold and Antimony Project, which recently gained final record of decision approval from the U.S. Forest Service.

Horse Heaven has strong gold, antimony and silver mineralisation in two highly prospective structurally controlled mineralised corridors, and includes past-producing antimony, tungsten and gold mines.

Historical exploration results from Horse Heaven are highly encouraging and indicate similar geological characteristics to the neighbouring Stibnite project.

Given the importance of antimony to the U.S. Government’s critical minerals strategy, Resolution Minerals is excited to develop the Horse Heaven Project and will be actively seeking the support of the U.S. Government to expedite its progress.

Founding Partner of Clewett Global Services, Todd Clewett, is a seasoned external affairs executive with a track record of success in engaging decision makers in Washington D.C. regarding mining and critical minerals projects. Clewett formerly headed up the external affairs function for both Newmont Corporation and Fortescue.

Background

The U.S. government has prioritised domestic and allied sources of key minerals such as antimony, tungsten and gallium recognising their importance to defense applications and renewable technologies.

Until now, the U.S. has relied mainly on China for the supply of many critical metals. Following China’s total ban on exports of these metals to the U.S. in late 2024, a priority of the new Administration is to shore up its own domestic supply chains of these materials.

Fast-41 Program

The FAST-41 program, established by Title 41 of the Fixing America’s Surface Transportation Act (FAST Act), is a program designed to improve the timeliness, predictability, and transparency of the federal environmental review and permitting process.

FAST-41 is designed to streamline and expedite the permitting process for infrastructure and mining projects deemed nationally significant. FAST-41 can offer benefits to project developers, including increased predictability, transparency and faster decision-making.

Some projects currently covered under FAST-41 include:

– Perpetua Resources’ (PPTA.NAS) Stibnite Gold Project in Idaho

– Stillwater Palladium & Platinum Project in Montana

– Jindalee Resources’ (ASX:JLL) McDermitt Lithium Project in Oregon

– BPH and RIO’s Resolution Copper Project in Arizona

– South32’s (ASX:S32) Hermosa Critical Minerals Project in Arizona

Resolution Minerals’ efforts to participate in the FAST-41 program follow the precedent set in April this year by next-door neighbour, NASDAQ-listed Perpetua Resources (PPTA.NAS), whose Stibnite Gold Project in Idaho became the first mining project accepted under FAST-41, and by ASX-listed Jindalee Lithium Limited (ASX:JLL), whose McDermitt Lithium Project in Oregon was also successfully fasttracked under FAST-41 in April.

2025 Budget Reconciliation Bill (‘Big Beautiful Bill’)

The proposed 2025 Budget Reconciliation Bill includes US$2.5 billion to support U.S. production of critical minerals via the National Defense Stockpile. In addition, there is US$500 million allocated to the Department of Defense Credit Program for loans, loan guarantees, and technical assistance aimed at developing reliable sources of critical minerals – both within the U.S. and among key international allies.

Congress is expected to pass this bill (in some form) by the end of July 2025. Resolution has commenced plans to pursue all its available options to apply for funding that may become available upon passing of this proposed bill.

Resolution is considering opportunities under the U.S. Department of Defense’s Title III and Industrial Base Analysis and Sustainment (IBAS) programs, which support the development of reliable and resilient supply chains for critical minerals.

RML’s Executive Director, Aharon Zaetz commented:

‘We are extremely honoured for Todd Clewett to want to work with us. We feel very excited that he shares the enthusiasm for the Horse Heaven project and sees the massive potential here. Todd’s experience in working with governments to develop mining projects will be an invaluable asset to RML.

Todd’s experience, knowledge and network in the White House provides him with an extremely rare and unique skillset that RML shareholders are extremely privileged to benefit from.

About Resolution Minerals Ltd:  

Resolution Minerals Ltd (ASX:RML) is a mineral exploration company engaged in the acquisition, exploration and development of precious and battery metals – such as antimony, gold, copper, and uranium.

Resolution Minerals Ltd Listed on the ASX in 2017 and has a broad portfolio of assets, such as the Drake East Antimony-Gold Project in north-eastern NSW and George Project prospective for silica sand and uranium.

Source:
Resolution Minerals Ltd

Contact:
Aharon Zaetz
Executive Director
Resolution Minerals Ltd
M: +61 424 743 098
ari@resolutionminerals.com

Jane Morgan
Investor Relations
Jane Morgan Management
M: +61 405 555 618
jm@janemorganmanagement.com.au

This post appeared first on investingnews.com

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; ‘ BRW ‘ or the ‘ Company ‘) is pleased to announce it has launched an aggressive regional-scale prospecting and mapping initiative on its sizeable Greenland portfolio that contains hundreds of untested targets using 4 crews and 2 helicopters for six weeks.

Initially, one team will focus on detailed mapping and sampling around the Ivisaartoq spodumene discovery and surrounding areas while the other will focus on the expanded Nuuk and Paamiut licenses as well as the historical spodumene showing at Paamiut. Starting in July, one team will focus on follow-up prospecting at the Nuuk and Paamiut projects based on results from June while the other team will focus on the Disko Bay and Uummannaq projects. Results from the first six weeks will be used to plan advanced exploration programs in August and September 2025, including first pass prospecting across its recently acquired Hinksland project in East Greenland (See new Release of March 13 ^{th ,} 2025).

Killian Charles, President & CEO, commented: ‘This is a very exciting step for Brunswick Exploration as we look to significantly increase our exploration initiative in Greenland alongside our Quebec projects. As a reminder, we have consolidated nearly all accessible lithium targets in Greenland following our first mover advantage. There is substantial exploration potential in Greenland and BRW is one of the few companies actively exploring in the country.

Over the last four years, we have built an internal lithium expertise for grassroot exploration that is unique across the sector and our peers. There are many more opportunities that exist as BRW is best positioned to uncover new discoveries across our portfolio and beyond.’

Qualified Persons

The scientific and technical information related to Greenland has been reviewed and approved by Mr. Charles Kodors, (Manager, Atlantic Canada). He is a Professional Geologist registered in the provinces of New Brunswick, Newfoundland and Quebec.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under the symbol BRW. The Company is focused on grassroots exploration for lithium, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing one of the extensive grassroots lithium property portfolios in Canada and Greenland, including the Mirage Project.

Investor Relations/information

Mr. Killian Charles, President and CEO ( info@BRWexplo.com )

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

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. 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.

This post appeared first on investingnews.com

Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) (‘Sun Summit’ or the ‘Company’) is pleased to announce the commencement of its $6 million 2025 project-wide exploration program at the JD Project, Toodoggone Mining District, north-central British Columbia. Over 5,000 meters of drilling together with geophysical and geochemical surveys are designed to focus on target advancement, target generation and discovery.

Highlights and Next Steps:

• Transformational Exploration Season Has Commenced: The 2025 program is more robust than the inaugural 2024 program, with double the budget and drill metres planned. Crews have mobilised to site with camp construction, geological mapping, IP Geophysics, and drill pad construction now underway. Drilling is anticipated to begin no later than mid-July.

• Over 3,000 meters of drilling planned at the Creek Zone, designed to investigate the extent and continuity of near-surface, high-grade and bulk-tonnage gold mineralization. Historical and recent highlight intercepts include:

• 122.53 m of 2.11 g/t Au including 1.5 of 121.0 g/t Au (CZ-24-004⁷)
• 57.95 m of 2.69 g/t Au including 19.50 m of 7.31 g/t Au (CZ-24-005⁸)
• 22.0 m of 11.7 g/t Au including 4.0 m of 61.2 g/t Au (CZ97-008⁵)

• Over 2,000 meters of drilling planned at the Finn Zone, designed to evaluate the extent and continuity of high-grade and bulk-tonnage gold mineralization. Historical highlight intercepts include:

• 35.7 m of 7.26 g/t Au including 1 m of 215.4 g/t Au (JD95-047²⁾
• 25.9 m of 6.42 g/t Au including 6.1 m of 12.8 g/t Au (JD94-015¹)
• 22.0 m of 6.32 g/t Au including 12.6 m of 10.8 g/t Au (JD12-003³)

• Project-wide exploration will also focus on drill target refinement, including:

• Over 20 line km of induced polarization (‘IP‘) geophysics along the newly defined 12 km long JD porphyry trend
• Over 2,000 soil samples across parts of the JD porphyry trend and the epithermal-related Finn to Creek corridor
• Over 30 days of project-wide geological mapping and prospecting

Niel Marotta, CEO of Sun Summit Minerals, commented: ‘We are very excited to have kicked off our 2025 exploration season at our JD project, which is fully funded by the proceeds of our recently completed private placement. The Toodoggone region in north-central British Columbia is one of the hottest mineral exploration districts in Canada, and has seen heightened corporate activity, combined with a large influx of capital. We expect plenty of news flow coming from the Toodoggone over the summer and fall, including drill results from our own aggressive 5,000 metre program.’

Figure 1. Map of the Toodoggone District showing the location of the JD Project in relation to other development and exploration projects. Data sourced from Thesis, TDG, Amarc and Centerra’s corporate websites.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/255925_2d2b07a7743f0abf_001full.jpg

JD Exploration Program

Crews have mobilised to the Toodoggone District to commence the 2025 JD Project exploration season (Figure 1). The primary goal for 2025 multidisciplinary exploration program is to advance and expand the epithermal-related Creek and Finn gold-silver targets through a series of systematic step-out holes, and to generate and refine new priority targets across the highly-prospective 4.5 km long Finn to Creek corridor, as well as the 12 km long JD porphyry trend (Figure 2).

Figure 2. Map of the JD Project showing the broad JD Porphyry trend and the epithermal-related Finn to Creek Corridor. Planned areas for IP and soil surveys are shown in grey. Key targets are highlighted.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/255925_2d2b07a7743f0abf_002full.jpg

Creek Zone: Drilling at the Creek Zone (Figure 2) is designed to investigate the lateral and vertical extent of high-grade and bulk-tonnage gold mineralization (e.g., 122.53 m of 2.11 g/t Au, including 20.0 m of 10.01 g/t Au, and including 1.52 m over 121.0 g/t Au, CZ-24-004, Figure 3, see October 2, 2024, news release). Based on new geological and structural modelling, a series of steeply-dipping, northwest trending parallel vein sets with associated halos of disseminated gold mineralization have been defined. Over 3,000 meters across 10 to 12 drill holes are planned to systematically test the vein-controlling structures on 50 to 100 meter pierce-points covering a strike-length of over 700 meters (Figure 3) and a down-dip extent of over 200 meters. Results from this phase of drilling should inform grade continuity, the scale of the epithermal system and where follow-up deeper and/or step-out holes are warranted.

Figure 3. Map of the Creek Zone showing drill collar locations with selected highlights. The area targeted for 2025 drilling is outlined in red. See references below for data sources.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/255925_2d2b07a7743f0abf_003full.jpg

Finn Zone: Drilling at the Finn Zone is designed to expand the footprint of high-grade, near-surface base metal-rich gold-silver mineralization intersected in historical drilling (e.g., 35.7 m of 7.26 g/t Au including 1 m of 215.4 g/t Au in hole JD95-047²). Based on an extensive compilation of over 300 historical drill holes, a new geological and structural model suggests that epithermal-related gold-silver mineralization is hosted within veins and vein-breccias situated along a northwest striking and gently dipping volcaniclastic unit. Over 2,000 meters of drilling across 7 to 9 drill holes are planned to test the model along strike (e.g., towards hole JD13-024) and down-dip (e.g., toward JD12-015) covering a strike-length of over 650 meters (Figure 4). Drilling near the higher-grade core may also be completed to verify historical grades, confirm structural controls and explore at depth to assess the geometry and grade of the mineralized footwall zone (e.g., JD12-009³).

Figure 4. Map of the Finn Zone showing historical drill collar locations with selected highlights. The area targeted for 2025 drilling is outlined in red. See references below for data sources.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/255925_2d2b07a7743f0abf_004full.jpg

Target Generation: Project-wide exploration activities are aimed at target generation and drill target refinement.

• Over 20 line km of IP geophysics will build on previous surveys and expand the grid along the high-prospective, 12 km long JD porphyry trend. Areas considered prospective for porphyry-related mineralization along this trend (e.g., Belle South) will also be covered by new soil geochemical grids (Figure 2).
• Areas considered highly-prospective for epithermal-related gold-silver mineralization along and proximal to the Finn to Creek corridor will be covered by new soil geochemical grids. Detailed geological mapping focused on lithological and structural controls of epithermal-related veins and breccias will be completed to inform a new targeting model.
• High-priority target areas outside of the main JD area (e.g., Oxide Peak West, Moosehorn, and East McClair) will be investigated through geological mapping and prospecting (Figure 2).

Timeline: Crews have mobilised to site with camp construction, geological mapping, IP Geophysics, and drill pad construction now underway. Drilling at the Creek Zone is anticipated to begin by mid-July, at the latest.

National Instrument 43-101 Disclosure

This news release has been reviewed and approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a ‘Qualified Person’ as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has not been able to verify the historical exploration data disclosed, including sampling, analytical and test data, underlying the technical information in this news release since such data is historical and the original drill core is not readily available. Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The historical technical information has not been verified by Sun Summit and may in some instances be unverifiable dependent on the existence of historical drill core and grab samples.

Community Engagement

Sun Summit is engaging with First Nations on whose territory our projects are located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations with ongoing exploration.

Webinar Invitation

Sun Summit Minerals invites investors and interested parties to a live webinar and Q&A hosted by Simone Capital. CEO Niel Marotta will present an overview of the Company’s 2025 exploration and drill program.

Date: Thursday, June 19
Time: 4:00 PM ET | 1:00 PM PT
Register: https://app.livestorm.co/simone-capital/sun-summit-minerals-2025-exploration-update

About the JD Project

The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold’s Lawyers and Ranch projects, TDG Gold’s Baker-Shasta projects, Amarc Resource’s AuRORA project, Centerra’s Gold’s Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine.

The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.

The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.

About Sun Summit

Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion and advancement of district scale gold and copper assets in British Columbia. The Company’s diverse portfolio includes the JD Project in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.

Further details are available at www.sunsummitminerals.com.

References

1. Hawkins, P.A. (1998), 1997 Exploration Report on the Creek Zone for Antares Mining and Exploration Corporation and AGC Americas Gold Corporation, JD Property, Toodoggone River Area, Omineca Mining Division, Internal Report #98-065-1.

Links to Figures

Figure 1: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-1.jpg
Figure 2: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-2-scaled.jpg
Figure 3: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-3-scaled.jpg
Figure 4: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-4-scaled.jpg

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as ‘anticipate’, ‘will’, ‘expect’, ‘may’, ‘continue’, ‘could’, ‘estimate’, ‘forecast’, ‘plan’, ‘potential’ and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, the Company’s exploration plans and forecasts; the geology, grade and continuity of mineral deposits; potential mineralization, exploration plans, and engagement with First Nations communities. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the focus, purpose and goals of project wide exploration; the existence and timing of news releases and updates, if any, coming from the project area; the Company’s ability to complete the drill program as currently contemplated; risks inherent in exploration activities; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; accidents, equipment breakdowns, title and permitting matters; labour disputes or other unanticipated difficulties with or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on its projects; that the Company may not be able to confirm historical exploration results; the geology, grade and continuity of mineral deposits; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255925

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(TheNewswire)

Edmonton, Alberta June 18, 2025 TheNewswire – Bitcoin Well Inc. (‘ Bitcoin Well ‘ or the ‘ Company ‘) ( TSXV: BTCW; OTCQB: BCNWF ), Bitcoin Well Canada Ltd. (‘ Bitcoin Well Canada ‘), a wholly-owned subsidiary of the Company, has received a judgment from the Court of King’s Bench of Alberta against Rapid Cash ATM Ltd. (‘ Rapid Cash ‘ or ‘ Rapid Cash ATM’ ) in the amount of $541,988.88, plus costs in the amount of $9,988.15.

On February 1, 2024, Bitcoin Well Canada filed an application in Court of King’s Bench of Alberta File No. 2301-14199 (the ‘ Action ‘) seeking partial summary judgment against Rapid Cash for the return of over $0.5 million withheld by Rapid Cash following termination of the parties’ Hosting Agreement in late 2023 (the ‘ Summary Judgment Application ‘).

On February 20, 2025, the Court of King’s Bench released its written Endorsement with respect to the Summary Judgment Application (the ‘ Decision ‘), finding that ‘it is manifestly unjust to allow Rapid Cash to hold onto Bitcoin Well [Canada]’s money pending adjudication of the damages claims’ and observing that ‘the wording of the agreement is more consistent with Bitcoin Well [Canada]’s position than with Rapid Cash’s position’. In the result, the Court granted the Summary Judgment Application and ordered Rapid Cash to pay Bitcoin Well Canada the amount of $509,582.11, plus pre-judgment interest in the amount of $32,406.77, for a total judgment of $541,988.88 (the ‘ Judgment ‘ ). The Court subsequently ordered Rapid Cash to pay Bitcoin Well Canada costs for the application in the amount of $9,988.15. Full copies of the Court’s Decision can be found here and the resulting Order can be found here

On May 1, 2025, Rapid Cash filed an application (the ‘ Stay Application ‘) seeking to stay enforcement of the Judgment pending Rapid Cash’s ongoing appeal of the Decision, which is currently scheduled for November 5, 2025 (the ‘ Appeal ‘). On June 13, 2025, the Court dismissed Rapid Cash’s Stay Application, such that the Judgment remains in effect.

Further, Bitcoin Well intends to vigorously defend the Appeal and pursue the balance of Bitcoin Well Canada’s claims against Rapid Cash, which seek damages for Rapid Cash’s alleged improper termination of the parties’ agreement, and likewise defend Rapid Cash’s counterclaims in the Action.

Copies of the decision and other materials filed in the Action are publicly available and may be obtained from the Court of King’s Bench of Alberta.

About Bitcoin Well

Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.

Join our investor community and follow us on Nostr , , and to keep up to date with our business.

Bitcoin Well contact information

To book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link: https://bitcoinwell.com/meet-adam

For additional investor & media information, please contact:

Adam O’Brien

Tel: 1 888 711 3866

ir@bitcoinwell.com

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

Forward-looking information

Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as ‘anticipate’, ‘plan’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘should’, or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well’s business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well’s annual information form and management’s discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well’s expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.

Copyright (c) 2025 TheNewswire – All rights reserved.

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