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Bold Ventures

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A Canadian exploration company poised for discovery, Bold Ventures is focused on the exploration and development of high-potential precious and battery minerals projects in tier 1 jurisdictions in Canada.

Overview

Bold Ventures (TSXV:BOL) is a Canadian mineral exploration company focusing on battery, critical and precious metals located in Northern Ontario and Quebec. The company’s asset portfolio demonstrates its focus on these commodities to create consistent value with gold and meet the growing demand for battery and critical metals.

Bold Ventures’ key projects are located within three active regions throughout Ontario: Thunder Bay West, Wawa West and the Ring of Fire camp located in the James Bay Lowlands. The Thunder Bay properties host gold and copper mineralization, while the Wawa and Ring of Fire properties have copper, gold, and chromium mineralization with additional potential for zinc, nickel, silver and PGE mineralization. The newly added Springpole East gold and Joutel gold and base metal projects expand Bold’s footprint into additional high-potential areas.

The Burchell gold and copper project, west of Thunder Bay, is Bold’s flagship property with a newly discovered high-grade gold occurrence as well as historical drill intersections of highly anomalous gold and copper. The project is ideally positioned next to Goldshore Resources Inc.’s Moss Gold Project hosting the Moss Gold Deposit of nearly 6 million ounces of gold in the indicated and inferred resource categories.

The 100 percent owned Traxxin gold project, west of Thunder Bay, has shown numerous high-grade gold intersections in drilling. The project is a joint venture between Bold Ventures, as the operator, and Lac des Mille Lacs First Nation, where the joint venture can earn up to 100 percent of the property.

An experienced team of explorers leads the company toward fully realizing the potential of its portfolio. The company’s leadership team has participated in three significant world-class discoveries, including:

  • Eagle River Mine: Discovered in 1987 by Central Crude/Noranda and has produced over 1 million ounces (Moz) of gold.
  • Windfall Lake: Discovered by Noront circa 2006, currently owned by Osisko (purchased by Goldfields for $2.16B), it contains 4.1 Moz @ 11.4 grams per ton (g/t) gold indicated and 3.3 Moz gold @ 8.4 g/t gold inferred for a total of 7.4 Moz gold in all categories.
  • Ring of Fire Deposits: Discovered in 2007 and contain multiple significant deposits including Eagle’s Nest, Eagle Two and Blue Jay (AT-12) Nickel-Copper Massive Sulphide Deposits, Blackbird Chromite Deposit and Thunderbird Vanadium Occurrence.

This wealth of experience allows Bold Ventures to strategically acquire undervalued assets and apply sophisticated exploration techniques to identify significant mineral deposits.

Company Highlights

  • Bold Ventures is a Canadian mineral exploration company focused on exploring and developing its precious and critical mineral projects in Northern Ontario.
  • The company owns and operates several projects throughout three key regions of Ontario: Thunder Bay West, Wawa West and the James Bay Lowlands-Ring of Fire.
  • The company has been advancing its copper and gold projects to the drill stage.
  • The Burchell gold and copper project is located 100 km west of Thunder Bay and enjoys major road access, rail, power, and an experienced mineral exploration workforce and mining supply located within hours of the property. The project hosts the newly discovered (Nov 2024) 111 Gold Zone as well as historical gold anomalies on surface and drill core along strike from the Moss Deposit to the west, owned by Goldshore Resources Inc.
  • The Traxxin gold project is located 130 km west of Thunder Bay and is similarly accessible. It boasts the Company’s best gold intersection in drill core which is hosted in a similar geological setting to Agnico Eagle’s Hammond Reef Gold Deposit in the district.
  • The Koper Lake project is located within 300 meters of Ring of Fire Metals’ (formerly Wyloo/Noront) flagship Eagle’s Nest Nickel-Copper deposit. It hosts a large chromite resource and attractive nickel potential.
  • Bold Ventures continues to expand its portfolio with two promising new acquisitions – the Springpole East gold project in Ontario and Joutel gold and base metals projects in Quebec – both strategically positioned in established mining districts.
  • Bold Ventures’ management team has decades of experience within the mining sector. The management and technical teams have participated in three world-class discoveries and have the right experience to guide the company toward its goals.

Key Projects

Burchell Gold and Battery Metals Project

The Burchell claim group covers 4,607 hectares (11,384 acres) comprising 242 claims and is located 100 kilometers west of the port city of Thunder Bay in Northwestern Ontario. The project is road-accessible south of the Trans-Canada Highway 11.

Project Highlights:

  • Located in the Western Shebandowan Greenstone Belt: The Burchell project is located on this high-potential, active mineral belt and contains copper, gold, silver, nickel, zinc, molybdenum and other minerals.
  • Contiguous with Significant Gold Property: The Burchell property is contiguous with Goldshore Resources’ Moss gold project. The Moss Lake gold deposit lies within a major 25 km NE-trending structural corridor which also hosts the past-producing North Coldstream Mine and the East Coldstream gold deposit. Approximately 1.8 km of this mineralized trend lies in the NW corner of the Burchell property, hosting historical gold occurrences.
  • New Discovery (November 2024): A new zone called ‘111 Zone’ was discovered in the center of the property, situated within a prominent magnetic low. Samples ranged from 10 ppb gold to 68 g/t gold in sheared, silicified, sericitized volcanic rocks. Historical trenches along strike to SW of 111 Zone in SW corner of property yielded rock samples up to 42 g/t gold. Historical Newmont drilling in the NW corner of the property returned 0.9 g/t gold over 6.4 m.
  • Recent MMI Samples (November 2024): Soil samples in the NW corner of the property, along strike from the Moss Trend, returned high response ratios for gold (up to 40), copper (up to 61), molybdenum (up to 369), zinc (up to 93), and uranium (up to 52). Several samples in the northern half of the survey showed coincident gold, copper, molybdenum response ratios >10.
  • Hermia Lake Copper-Gold Prospect: This prospect extends for 2.8 km along a northeast trend. Historical diamond drilling includes intercepts of 0.8 percent copper over 4.3 m (Great Lake Copper Mines in 1956), 0.25 percent copper over 51.9 m (Gulf Minerals in 1981), and 1.4 g/t gold over 7.2 m (Mengold in 2008).

Traxxin Gold Project

The 100 percent owned Traxxin gold project is 130 km west of Thunder Bay and has 209 claims covering 3,885 hectares (9,600 acres). The project has excellent existing infrastructure and is road-accessible, located between two major highways, cutting down on future development costs.

Project Highlights:

  • Close Proximity to Significant Gold Deposit: The project is 40 km east of Agnico Eagle’s Hammond Reef deposit, which contains 5.6 Moz of gold at 0.71 g/t, including reserves, measured and indicated.
  • Promising New and Historical Exploration Results: Bold Ventures’ 2021 drill hole campaign results indicated 3.57 g/t gold over 12.29 meters, including 6.13 g/t gold over 4.88 m. Additional historical results include:
    • Grab samples 1281, 152, 116, 21.1 and 3.73 g/t gold
    • Five historical drill holes with greater than 5 g/t gold over various intervals
    • One historical drill hole greater than 37 g/t gold over 1 meter
  • Exploration Campaigns: Trenching at the Main Zone and Tear Drop Lake in 2021 returned channel samples up to 9.08 g/t gold. In 2024, shoreline prospecting on Bedivere Lake yielded gold values up to 345 (parts per billion (ppb)) gold on an island northeast of Traxxin Main Zone.
  • The gold bearing shear zone remains open in all directions with potential for extending the Main Zone to the north via geophysics and exploring the southern extension.

Farwell Gold-Copper Project

The Farwell project covers 6,440 hectares (15,914 acres) comprising 133 claims. The property is located in the Lake Superior east region of Northeastern Ontario, approximately 55 km northwest of Wawa, and in a proven gold camp.

Project Highlights:

  • Promising Geological Formations: The claim group hosts gold-bearing quartz veins located within an iron formation that stretches along the western extensions of a major deformation zone. Additionally, there is base metal volcanogenic massive sulphide (VMS) style mineralization of copper, zinc, lead and silver. The property also features deformed ‘Timiskaming’ style conglomerates along the gold mineralizing trend (similar to Kirkland Lake, Geraldton).
  • Exploration Highlights and Future Drill Targets: A versatile time domain electromagnetic (VTEM) survey has identified multiple anomalous areas for future drilling. Additional results and interpretation were incorporated into the existing database for future exploration and, ultimately, for drill testing. The company completed geophysical modelling of six high priority electromagnetic conductors identified by a helicopter-borne, VTEM and magnetic survey.
  • Road-accessible: The claim group is accessible via the Eagle River gold mines haulage road and is located approximately 6 km from the Eagle River Mill complex that also connects to major highways suitable for future material transportation.

Wilcorp Gold Project

The Wilcorp gold project covers 264 hectares (652 acres) and consists of four patented claims, 15 single cell and three boundary cell mining claims. The asset is 17 kilometers south of Agnico Eagle’s Hammond Reef Deposit and 32 kilometers west of Traxxin, within the Thunder Bay Mining Division. New drill targets have been identified for follow-up exploration.

Project Highlights:

  • Historical Results: The ‘Eagle Prospect’ area has significant historical gold discoveries. Maps from 1946 indicate values up to 11.1 g/t gold over 4.1 m including 30.8 g/t gold over 0.8 m in core (unsubstantiated in the modern era). Recent values include up to 16.3 g/t gold in an area where 1990s drilling returned 1.8 g/t gold over 7.6 m.
  • Sampling Results: In 2012, 62 grab samples ranged from <5 ppb gold up to 14,403 ppb gold (14.4 g/t gold), and in 2024, 39 grab samples ranged from <5 ppb gold up to 16,300 ppb gold (16.3 g/t gold).
  • Induced Polarization (IP) Surveys: A 2012 IP survey identified several trends that are targets for exploration.
  • Geological Setting: The property is proximal to the Quetico Fault, a major east-west fault zone. Gold mineralization is hosted in shear zones in volcanic and dioritic rocks which are subparallel to the Quetico Fault.

Significant Historical Work: The property has pre-existing historical work, including stripping, trenching and diamond drilling which identified significant gold zones.

Koper Lake Project (Ring of Fire)

Project Highlights:

  • Multiple Commodity Streams: The Koper Lake project has significant potential for critical minerals. The property has the potential to develop battery metals, chromite and precious metals for multiple revenue streams.
  • Within the Koper Lake project, the Black Horse Chromite Deposit contains an NI 43-101 inferred resource of 85.9 MT at a grade of 34.5 percent chromium (III) oxide (Cr2O3) using a cutoff grade of 20 percent Cr2O3.
    • Black Horse Chromite Ownership Interests:
      • Bold 10 percent carried interest (through to production), KWG 90 percent working interest
  • All Other Metals (Green and Battery Metals including Nickel, Copper, PGEs; Precious Metals including Gold and Silver) Ownership Interests:
    • Bold 40 percent working interest, KWG 60 percent working interest
    • Bold has option to earn up to 80 percent working interest leaving KWG with a 20 percent working interest

The asset comprises 1,024 hectares and is located less than 300 meters from Ring of Fire Metals’ (formerly Noront Resources) Eagle’s Nest Nickel-copper massive sulphide deposit, which is in the permit stage.

Ring of Fire Claims

The Ring of Fire asset is a future key project that will be given further attention as the Ring of Fire regional infrastructure and First Nation agreements are developed.

Project Highlights:

  • The Ring of Fire Claims project is a grassroots exploration project that has significant potential targeting the battery metals nickel, copper and platinum group elements.
  • Bold carried out a VTEM airborne survey in 2013 that located numerous geophysical anomalies that are prospective for battery metals.
  • Further exploration is pending the development of access, infrastructure and First Nation agreements.

In June 2024, Bold Ventures signed an agreement to option a 100 percent interest in two claim groups out of the 14 claim groups within the Ring of Fire region to an arm’s-length party. The two claim groups total 1,050 hectares and comprise approximately 90 claim units. The option agreement includes aggregate cash payments totaling C$135,000 and aggregate exploration expenditures of C$250,000 over a four-year period. The deal also includes a 3 percent net smelter royalty for Bold, after the optionee earns a 100 percent interest by fulfilling the terms of the agreement.

Springpole East Gold Project

The Springpole East gold project is one of Bold Ventures’ newest project acquisitions strategically positioned in an established mining district. This property covers 4,180 hectares across 208 single cell claims in northwestern Ontario, located just 120 km east-northeast of Red Lake and merely 9 km east of First Mining Gold’s substantial Springpole gold deposit (containing 4.6 Moz of gold at 0.94 g/t in the indicated category and an additional 0.3 Moz at 0.54 g/t in the inferred category). The project shares a boundary with First Mining’s land package, positioning it within a proven gold-bearing geological trend.

Despite its promising location, Springpole East has seen relatively limited systematic exploration. The most recent work in 2022 by GoldON Resources included high-resolution airborne magnetic surveys and prospecting that yielded encouraging results, including the discovery of altered granitic boulders with gold values ranging from 191 to 1,270 ppb. Of particular interest is the nearby Canamer or Birch Lake East Occurrence just 1.3 km west of the property boundary, where First Mining reported impressive grab samples yielding 15.3 g/t gold in 2022. This showing occurs in banded iron formation – a rock type that has been mapped in the northwest portion of Springpole East and corresponds with prominent magnetic anomalies identified during previous surveys.

Joutel Gold and Base Metal Project

Complementing its Ontario-based acquisition, Bold has also added the Joutel gold and base metal project in Quebec to its exploration portfolio. Located 140 km northwest of Val d’Or with favorable logging road access, this property comprises 41 claims across two claim groups covering 2,269 hectares. Bold is already familiar with the area, having conducted airborne VTEM and magnetic surveys in 2012, identifying several anomalies that remain underexplored.

The Joutel project sits in a historically productive mining region, just 6.5 km south-southeast of the former mining town of Joutel in Poirier Township. Its strategic location places it within 12 km of the past-producing Joutel gold mine and less than 10 km from previous base metal operations. A particular point of interest is its proximity (6 km) to the Explo-Zinc deposit, which hosts a 2006 mineral resource estimate of 588,000 tons grading 7.63 percent zinc and 0.35 percent copper in the indicated category, plus 273,000 tons at 6.64 percent zinc and 0.21 percent copper in the inferred category.

Historical drilling of VTEM anomalies in the area has produced encouraging results, including intersections of 0.83 percent nickel over 3.7 meters (including a higher-grade section of 1.27 percent nickel over 2.3 meters) and 0.51 g/t gold over 3.05 meters. These results highlight the property’s polymetallic potential, with Bold targeting nickel, gold, silver, copper and zinc mineralization.

Management Team

David Graham – Chief Executive Officer and Director

David Graham has been active in the mineral exploration industry for over 40 years. Between 1997 and 2004 he was co-founder, president and CEO of Normiska Corporation, an industrial minerals and materials company with four production facilities in Canada and the United States.

Between 2006 and 2010 he was a director and vice-president of Noront Resources. During this time the company made major discoveries at Windfall Lake in Urban Twp., Quebec and the Ring of Fire in the James Bay Lowlands of Ontario. From 2010 until 2017 he was executive vice-president of Bold Ventures Inc. at which time, he was appointed president and CEO.

Mr. Graham has worked extensively in Canada as well as in the United States, Scandinavia and Africa. His experience has frequently included working with First Nations and regulatory agencies on projects that ranged from a grassroots stage to advanced development. He is a member of the discovery team for Eagle River, Windfall, and the ‘Ring of Fire’ Noront deposits.

Bruce MacLachlan – President and Chief Operating Officer

With over 40 years of experience in the exploration industry, Bruce MacLachlan is a proven exploration manager and has been a key member of a number of mineral discovery teams, including Eagle River. He has managed a wide range of exploration projects from grassroots through to the post-discovery stage. MacLachlan has been responsible for project presentation, marketing and coordination within the investment space. He has worked with multiple exploration companies, including Noranda Exploration, Battle Mountain Gold and CanAlaska Uranium. He was the exploration manager at Noranda Exploration, Battle Mountain Gold, and CanAlaska Uranium. He is a co-founder and president of Emerald Geological Services (EGS), a consulting company created in 2001.

Coleman Robertson – Vice-president of Exploration

Coleman Robertson is a professional geologist who has worked exploring for gold, base metals and rare earth elements. His experience includes a wide range of exploration activities from grassroots to discovery stage projects. Employed by EGS since 2017, Robertson is vice-president of exploration for EGS and has experience with multiple projects in multiple jurisdictions, including Bold’s gold and copper projects in Northwestern Ontario.

Robert Suttie – Chief Financial Officer

Robert Suttie currently serves as CFO with over 40 years’ experience as a consultant raising capital for emerging companies. He has been a director/executive at several private/public corporations.

William Johnstone – Corporate Secretary and Legal Counsel

William Johnstone is the company’s corporate counsel and corporate secretary. Johnstone has been a partner at Gardiner Roberts LLP since February 2005, practicing in the areas of corporate and securities law for over 40 years.

Ian Bodie-Brown – Director

Ian Bodie-Brown is an industry consultant with over 35 years’ experience. He is chairman of Rio Silver (on the TSX Venture Exchange) and a professional geologist.

Steve Brunelle – Director

Steve Brunelle is a professional geologist with over 35 years’ experience and is the chairman of Rio Silver (on the TSX Venture Exchange).

This post appeared first on investingnews.com

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Investing

Top 5 Canadian Mining Stocks This Week: St. Augustine Rises 67 Percent on Private Placement

Investing 11 Mins Read

A new report released on Wednesday (June 11) by Canada’s Climate Institute suggests Canada risks missing out on a C$12 billion market for critical minerals should the government not enact policy to drive investment in Canada’s mining sector.

The report outlines a growing need for minerals like copper, cobalt, lithium, nickel, graphite and rare earths, all of which are found in Canada. These critical minerals are all used to produce goods needed for the energy transition, from photovoltaics to electric vehicles.

Overall, to meet this demand, the mining sector will require an estimated US$480 billion to US$750 billion in investment globally. To remain competitive, the institute suggests Canada will need to generate between C$30 billion and $65 billion in investments in upstream projects between now and 2040.

To reduce investor risk and ensure Canada and local communities see a net benefit, the report makes several suggestions aimed at different levels of government.

It recommends the Federal government collaborate with an arms-length financial institution to develop or expand risk-sharing agreements to support mineral assets through price volatility, and provincial governments strengthen mining regulations to mitigate risks and liabilities.

Additionally, it recommends both levels of government facilitate greater participation by Indigenous communities in mining projects through scaling up their resources for capacity and increasing their access to capital.

South of the border, the US Bureau of Labor Statistics released May’s consumer price index (CPI) data on Wednesday. The figures show a worsening of year-over-year inflation as all-items CPI ticked up to 2.4 percent from the 2.3 percent recorded in April. On a monthly basis, it rose just 0.1 percent versus the 0.2 percent the previous month.

Analysts had been expecting a steeper increase, but the numbers were offset by significant declines in energy prices in May.

However, the expectation is that higher figures will be coming over the next few months as the effects of the Trump administration’s tariffs begin to work their way through the economy. The slow response to the tariffs is primarily attributed to retailers working through inventories which were purchased prior to the tariffs coming into effect.

The CPI and other data will play a crucial role in the Federal Open Market Committee’s rate decision when it meets next week, on June 17 and 18. The overwhelming consensus by market watchers is the Fed will continue to hold the current range of 4.25 to 4.5 percent until its September meeting.

Markets and commodities react

In Canada, major indexes were mixed at the end of the week. The S&P/TSX Composite Index (INDEXTSI:OSPTX) was largely flat, posting a small 0.32 percent gain during the week to close at 26,504.35 on Friday. The S&P/TSX Venture Composite Index (INDEXTSI:JX) fared worse, losing 1.16 percent to 721.13, and the CSE Composite Index (CSE:CSECOMP) slid 2.48 percent to 114.88.

US equities were also in negative territory this week, with the S&P 500 (INDEXSP:INX) losing 0.46 percent to close at 6,976.96, the Nasdaq-100 (INDEXNASDAQ:NDX) slipping 0.79 percent to 21,612.68 and the Dow Jones Industrial Average (INDEXDJX:.DJI) sinking 1.38 percent to 42,197.80.

On the other hand, the gold price was up significantly this week, gaining 3.68 percent to US$3,432.17 as investors sought safe-haven assets amid the threat of war between Israel and Iran. The silver price climbed 0.91 percent during the period to end the week US$36.31, although it spiked as high as US$36.86 during trading Monday.

In base metals, the COMEX copper price sank 1.44 percent over the week to US$4.80 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) posted a gain of 4.4 percent to close at 568.42.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 3:30 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. St. Augustine Gold and Copper (TSX: SAU)

Weekly gain: 66.67 percent
Market cap: C$116.31 million
Share price: C$0.125

St. Augustine Gold and Copper is a development company focused on its King-king copper-gold project in the Philippines’ Davao de Oro province. The project consists of 184 mining claims.

According to the most recent preliminary economic assessment from 2013, the company projects an after-tax net present value of US$1.78 billion, with an internal rate of return of 24 percent and a payback period of 2.4 years using a base case scenario of a copper price of US$3.00 per pound and a gold price of US$1,250 per ounce. The company is currently working towards an update to the study.

The most recent news from the project was announced on May 30, when St. Augustine stated that it had entered into an agreement with the National Development Corporation (Nadecor) to acquire a 100 percent interest in Nadecor’s wholly owned subsidiary Kingking Milling, which holds the development rights to King-king. Under the terms of the deal, Nadecor will receive C$9.02 million convertible into 185 million shares.

The project’s exploration and development permits are held by Kingking Mining, which remains a 40/40/20 joint venture between St. Augustine, Nadecor and Queensberry Mining and Development. The release also included details of new ore sales and royalty agreements between Kingking Milling and Kingking Mining.

Shares in St. Augustine rose this week after the company announced Tuesday (June 10) it had entered into a non-brokered private placement for up to 341 million shares for gross proceeds of C$24.9 million.

The company said it will use the proceeds to fund the completion of a feasibility study and organizing financing for the King-king project. The first tranche of the placement is expected to close on June 20.

2. Barksdale Resources (TSXV:BRO)

Weekly gain: 50 percent
Market cap: C$12.88 million
Share price: C$0.105

Barksdale Resources is a copper exploration company focused on advancing its assets in Arizona, US.

The company’s flagship Sunnyside project has been in focus in 2025. The site is located in the Patagonia Mountains of Southern Arizona and covers approximately 21 square kilometers. Sunnyside is located adjacent to South32’s (ASX:S32,OTC Pink:SHTLF) Hermosa project.

The most recent news from the project came on May 13, when the company completed the drilling campaign and expenditures necessary to acquire the initial 51 percent interest in the property as part of an earn-in agreement with Regal Resources. Under the terms, Barksdale was required to complete 7,620 meters of drilling and make C$6 million in total expenditures.

The company has until September 2025 to provide an additional C$1 million in cash payment and 5 million shares to Regal to complete the transaction. Once complete, the company will have 20 days to decide whether to proceed to Phase 2 for the option to increase its interest to 67.5 percent, which it can earn by completing another 7,620 meters of drilling, paying Regal C$550,000 and issuing Regal 4.9 million shares within a two year period.

3. Avalon Advanced Materials (TSXV:AVL)

Weekly gain: 50 percent
Market cap: C$18.91 million
Share price: C$0.03

Avalon Advanced Materials is an exploration and development company focused on lithium projects in Canada.

Its flagship project is its 40 percent owned Separation Rapids lithium project in Ontario, a joint venture with SCR-Sibelco, which owns the remaining 60 percent. The project consists of three primary lithium targets: the Separation Rapids deposit; the Snowbank target, located near Kenora; and the Lilypad project near Fort Hope, which also hosts tantalum and cesium mineralization.

The pair increased the project’s measured and indicated mineral resource by 28 percent in late February.

Although the company didn’t release news this week, its share price jumped significantly during the period.

4. Excellon Resources (TSXV:EXN)

Weekly gain: 48.44 percent
Market cap: C$12.88 million
Share price: C$0.105

Excellon Resources is an exploration and development company working to advance a portfolio of assets around the world.

Its most advanced project is the past-producing Mallay silver mine in Central Peru. The company executed a definitive agreement to acquire the project, as well as the Tres Cerros gold-silver project, in March. Between 2012 and 2018, mining at the site produced 6 million ounces of silver, 45 million pounds of zinc and 35 million pounds of lead before the operation was placed on care and maintenance.

On May 23, Excellon announced it had entered into an offtake and financing agreement with Glencore plc (LON:GLEN) that will provide the final piece of funding to allow Excellon to restart mining operations at Mallay, bringing its available capital to US$18 million.

Under the terms of the agreement, Glencore will provide up to US$7.5 million in funding through a pre-export finance loan agreement backed by concentrate production at the mine. Glencore has also agreed to purchase 100 percent of zinc-lead concentrate until 2028 or 2029 depending on certain conditions.

5. Latin Metals (TSXV:LMS)

Weekly gain: 42.86 percent
Market cap: C$23.77 million
Share price: C$0.20

Latin Metals is a South America focused project generator company with 18 projects across Argentina and Peru.

Its primary focus for 2025 has been on its Argentine portfolio, which includes the Organullo gold project in the Salta province, as well as the Cerro Bayo and La Flora gold projects in the Deseado Massif metal belt in the Santa Cruz province.

The company’s most recent news came on Monday when it announced it had secured drill permits for the Organullo site. The permits provide approval for up to 11,900 meters of diamond drilling as well as other exploration activities. Latin Metals said the permit is a key milestone for the project.

The project is subject to an option agreement with AngloGold Argentina, a subsidiary of AngloGold Ashanti (NYSE:AU), which has the right to earn up to an 80 percent stake in the site. AngloGold is preparing to ‘test targets that have potential scale and alteration characteristics consistent with Tier 1 high-sulphidation epithermal gold systems.’

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

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Politics

Democratic lawmakers criticize Israel’s defensive strikes against Iran’s nuclear sites

Politics 3 Mins Read

Democratic lawmakers are sounding off on the Israel-Iran conflict, criticizing Israel’s initial airstrikes Thursday night in the capital of Tehran.

Israel launched ‘Operation Rising Lion,’ targeting Iran’s nuclear and missile infrastructure, and Iran responded with strikes in Tel Aviv, injuring at least five people.

Sen. Bernie Sanders (I-Vt.) released a statement Friday calling Israeli Prime Minister Benjamin Netanyahu an ‘extremist.’

‘The world is more dangerous and unstable as a result of the extremist Netanyahu’s government ongoing defiance of international law,’ Sanders wrote. ‘First, he uses the starvation of children in Gaza as a tool of war, a barbaric violation of the Geneva Conventions. Now, his illegal unilateral attack on Iran risks a full-blown regional war.’

Sanders added the strikes ‘directly contravened’ U.S. interests in resolving long-standing tensions over Iran’s nuclear program. 

‘Talks were planned for Sunday, but Netanyahu chose instead to launch an attack,’ Sanders wrote. ‘The U.S. must make it clear that we will not be dragged into another Netanyahu war. Along with the international community we should do everything possible to prevent an escalation of this conflict and bring the warring parties to the negotiating table.’

Senate Foreign Relations member Christopher S. Murphy, D-Conn., chimed in on social media Friday morning.

‘Netanyahu wasn’t trying to help diplomacy; he was trying to destroy diplomacy,’ Murphy wrote. ‘How do we know? They reportedly targeted and killed Iran’s chief negotiator with Trump.’

Tim Kaine, D-Va., who also serves on the Senate Foreign Relations Committee, added he could not understand why Israel would launch a preemptive strike when a meeting was scheduled between the U.S. and Iran this weekend.

Sen. Jack Reed, D-R.I., the ranking member of the Senate Armed Services Committee, said military aggression is ‘never the answer.’

‘Israel’s alarming decision to launch airstrikes on Iran is a reckless escalation that risks igniting regional violence,’ Reed wrote. ‘These strikes threaten not only the lives of innocent civilians but the stability of the entire Middle East and the safety of American citizens and forces. While tensions between Israel and Iran are real and complex, military aggression of this scale is never the answer.’

By Friday afternoon, some Democrats seemingly changed their tune in response to the counter-attack.

Rep. Brad Sherman, D-Calif., slammed Iran’s response, calling it ‘cowardice.’

‘#Israel’s strike on #Iran was targeted precisely at senior Iranian military commanders and military sites that posed an existential threat to Israel,’ Sherman wrote. ‘The Islamic Republic’s response? To target civilian centers in #TelAviv. Unsurprising cowardice from a regime that has spent decades brutalizing its own people.’

Others evaded the conversation all together.

‘This is a rapidly evolving situation, and it’s critical that the United States works with our allies and avoid steps that will cause further escalation across the region,’ Sen. Mark Warner, D-Va., wrote in a statement. ‘For years, Iran has threatened the safety of Israel and the region, and Israel has an undeniable right to defend itself and its citizens.’

This post appeared first on FOX NEWS

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Politics

Israel’s drone strikes in Iran show why US must halt China’s land grab here: experts

Politics 3 Mins Read

National security and China experts are warning that Israel’s attack on Iran is an example of why Beijing’s efforts to purchase land and other assets within the United States need to be stopped immediately. 

After the initial attacks began on Friday, news reports began surfacing indicating that Israel had secretly built a drone base on Iranian soil that it used to launch its attacks. The operation was years in the making, one Israeli security official told the Jewish Chronicle, adding that weapons systems and soldiers had been smuggled into the country ahead of time. 

‘Look at the ways Israel penetrated Iran for sabotage operations. Now look at the Chinese companies and assets permeating the US power grid (solar converters), local law enforcement (DJI drones), and social media (TikTok),’ China policy expert Michael Sobolik wrote in a post on X. ‘The CCP is preparing to paralyze us in a crisis.’

Gabriel Noronha, president of Polaris National Security, also drew parallels between the China land grab in the United States and the recent Ukrainian drone strike that decimated a significant portion of Russia’s air fleet. The attack reportedly involved drones smuggled into Russia and released near airfields. 

‘After Ukraine’s drone operation in Russia and Israel’s operation in Iran, it is obvious that America’s enemies will try to replicate that playbook on our soil,’ Noronha said. ‘It is increasingly dangerous to allow Chinese companies and individuals to own land – especially near our military bases and critical infrastructure. Left unchecked, we are opening our land to host clandestine Chinese military bases to launch all sorts of attacks and cripple our nation in wartime.’

Officials in the United States have been sounding the alarm for years now about China’s efforts to purchase land near military bases, and other strategic assets that could help them sabotage the country. 

Just recently, the Arizona legislature passed a bill meant to block Chinese entities from obtaining more than a 30% stake in Arizona real estate, but it was vetoed by Democratic Governor Katie Hobbs. According to the bill’s sponsor, China had recently been trying to lease property near a major Air Force base in the state.

Michael Lucci, the CEO and founder of State Armor Action, a conservative group with a mission to develop and enact state-level solutions to global security threats, warned Friday that if the United States does not get serious about interrupting China’s asset grab, it risks losing a war with them. He said land grabs are just the ‘tip of the iceberg.’

‘CCP land ownership is bad but it’s tip of the iceberg,’ Lucci said. ‘Their industrial property holdings are worse, as is their port access. Perhaps worst of all is their deep penetration of critical infrastructure and govt systems.’

‘I now understand the potential problem of the Chinese government owning land in America,’ added writer and podcast host Jamie Weinstein.

This post appeared first on FOX NEWS

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Politics

Biden-appointed judge thwarts Trump’s attempt to clean house at consumer safety agency

Politics 3 Mins Read

A federal judge in Maryland on Friday ruled that President Donald Trump lacked the authority to fire three Democratic members of the Consumer Product Safety Commission (CPSC) and ordered their reinstatement — teeing up another high-stakes court clash centered on Trump’s ability as commander-in-chief to remove or otherwise control the members of independent agencies.

U.S. District Judge Matthew Maddox, a Biden appointee, sided with the three ousted members of the board — Mary Boyle, Alexander Hoehn-Saric and Richard Trumka Jr. — in ruling that their firings were unlawful and ordered all three members to be reinstated to their posts.

In his ruling, Maddox said that the tenured design and protection of the five-member, staggered-term CPSC board does ‘not interfere with’ Trump’s executive branch powers under Article II of the U.S. Constitution.

The decision is a near-term blow for Trump, and comes just weeks after the Supreme Court last month agreed to uphold, for now, Trump’s removal of two Democratic appointees from the National Labor Relations Board (NLRB) and the Merit Systems Protections Board (MSPB). 

Both board members had challenged their terminations as ‘unlawful’ in separate lawsuits filed in D.C. federal court. The Supreme Court voted 6-3 in May to temporarily allow the firing of both board members, siding with lawyers for the Trump administration, who had urged the justices to keep both members on the job while the case continued to move through the lower courts.

In his ruling, Maddox sought to distinguish those cases from the terminations of members of the CPSC board and said that the Trump administration, in this case, had failed to identify neglect or malfeasance by any other Senate-confirmed commissioners on the CPSC, which is required by law to justify their removals. 

‘For the reasons set forth below, the Court finds no constitutional defect in the statutory restriction on Plaintiffs’ removal and that Plaintiffs’ purported removal from office was unlawful,’ he said in the order.

‘The Court shall enter an Order granting Plaintiffs’ motion, denying Defendants’ motion, and providing declaratory and injunctive relief permitting Plaintiffs to resume their duties as CPSC Commissioners.’

The decision clears the way for the members to return to their roles on the board, pending an appeal to higher courts by the Trump administration. 

The case is the latest in a string of challenges centered on Trump’s ability to remove members of independent boards. Like the NLRB and MSPB rulings, it centers on the 90-year-old Supreme Court decision known as Humphrey’s Executor, in which the court unanimously ruled that presidents cannot fire independent board members without cause.

Maddox invoked the uncertainty created by the preliminary posture of the NLRB and MSPB cases, which saw both plaintiffs removed and reinstated to their positions multiple times — which he said was the basis for ordering more permanent injunctive relief.

‘Disruption might have resulted in the instant case if Plaintiffs had been reinstated while this case was in its preliminary posture, only to have the Court later deny relief in its final judgment and subject Plaintiffs to removal again,’ said Maddox. ‘The risk of such disruption is no longer a factor now that the Court is granting permanent injunctive relief as a final judgment.’ 

This post appeared first on FOX NEWS

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Politics

Nearly half of Americans back Israeli airstrikes on Iran, poll shows

Politics 1 Min Read

: More Americans support rather than oppose Israeli airstrikes on Iran’s nuclear facilities, according to a new national poll conducted before Israel’s Friday attack on Iran.

But the survey, released by the Ronald Reagan Institute, indicates that most Democrats and Republicans don’t see eye-to-eye on the issue.

According to the poll, which was first shared with Fox News on Friday, 45% of those questioned said they would support Israel conducting targeted airstrikes against Iran’s nuclear facilities if diplomatic efforts between the U.S. and Iran fail.

Thirty-seven percent said they opposed Israeli airstrikes, with 18% unsure.

But the poll indicates a partisan divide.

Six in 10 Republicans said they support the airstrikes, but that backing dropped to 35% among independents and 32% among Democrats.

Twenty-seven percent of Republicans opposed the Israeli airstrikes, with a third of independents and just over half of Democrats opposed.

The poll of adult Americans was conducted, May 22-June 2, before Israel’s unprecedented attack on Iran, named ‘Operation Rising Lion,’ which included strikes on both the Islamic State’s nuclear program and military leaders.

This post appeared first on FOX NEWS

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Politics

‘All-in’: GOP lawmakers divided on US involvement as Trump pushes Iran for diplomatic end

Politics 3 Mins Read

Sen. Lindsey Graham, R-S.C., called for the president to go ‘all-in’ for Israel should a diplomatic end to the conflict with Iran not be met.

Earlier in the day, President Donald Trump called on Iranian leaders to return to the negotiating table to strike a nuclear deal to avoid ‘even more brutal’ attacks.

Graham lauded Trump’s desire to bring Iran back to the table but countered that ‘if Iran refuses this offer, I strongly believe it is in America’s national security interest to go all-in to help Israel finish the job.’

‘One of the benefits of this approach is that it would substantially undo the damage done to our reputation by Biden’s disastrous withdrawal from Afghanistan,’ Graham said on X. 

‘If diplomacy fails, going all-in for Israel shows that America is back as a reliable ally and a strong force against oppression. It would strengthen our hand in all corners of the world, as well as all other conflicts we face.’

His zeal to support the Jewish State came before Fox News reported that two U.S. Navy Destroyers, the USS Sullivans and USS Arleigh Burke, were assisting Israel to shoot down incoming missile volleys from Iran.

However, other pro-Israel lawmakers were not ready to see American troops deployed in the region and believed Trump would be the key to preventing any action from the U.S.

‘I can’t imagine a world in which that happens,’ Sen. Josh Hawley, R-Mo., told Fox News Digital. ‘I’d be opposed to that. The president is adamantly opposed to that. I trust President Trump here to keep our troops and other personnel safe in the region.’

Hawley said Trump ‘has offered Iran an off-ramp here for a long time’ through the nuclear agreement negotiation and noted the president again offered an out.

‘You know, they ought to take that off-ramp,’ he said.  

Senate Foreign Relations Committee Chair Jim Risch, R-Idaho, told Fox News Digital in a statement that ‘no one hates to see U.S. troops put at risk more than our president.’

‘President Trump has worked tirelessly to end wars and stop killing. And, in this case, I know he will continue to do all he can to keep U.S. troops out of harm’s way as the war between Israel and Iran unfolds,’ he said.

Israel’s strike on Iran was intended to take out the country’s nuclear enrichment program and carry out targeted attacks on a number of top Iranian officials.

Sen. Tim Sheehy, R-Mont., said the strike was ‘warranted’ given Iran’s years of aggression against Israel, but he agreed with the president that negotiations needed to resume.

‘A regime that chants ‘Death to America’ and ‘Death to Israel’ can never be allowed to have a nuclear weapon,’ he said in a statement to Fox News Digital. ‘Israel has every right to defend itself, and America stands with Israel.’

But others, like Sen. Mark Kelly, D-Ariz., accused Trump of killing the Iran nuclear agreement and contended that the end of negotiations ‘accelerated Iran’s development towards a bomb.’

Still, he hoped a deal could be made to prevent further ‘escalation in the region that could endanger American citizens, troops and our interests.’

‘As we support Israel in protecting their people from Iran’s response, everyone needs to be focused on de-escalation,’ Kelly said in a statement.

Fox News Digital reached out to the White House for comment.

This post appeared first on FOX NEWS

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Stock

What the S&P 500, VIX, and ARKK are Telling Us Now

Stock 5 Mins Read

While the S&P 500 ($SPX) logged a negative reversal on Wednesday, the Cboe Volatility Index ($VIX), Wall Street’s fear gauge, logged a positive reversal. This is pretty typical: when the S&P 500 falls, the VIX rises.

Here’s what makes it interesting: the VIX has quietly crept up in three of the last four days. Before the midday pivot, the VIX hit its lowest level since February 21, 2025. And while that wasn’t the low in February, it was close. As the chart below depicts, back then, the VIX’s intraday low occurred on February 14, 2025, a few days before the SPX topped on February 19.

It wasn’t a screaming sell signal for equities. The S&P 500 was set to follow through on the big cup-with-handle pattern breakout, even though two straight bullish patterns failed in December and January.

Ultimately, the combination of the S&P 500 failing to get much higher than 6,100 and the VIX bouncing near support set the stage for the market rolling over. It was, of course, news-induced, but the market’s character had been changing since December, when breadth first took a major hit.

So, with the VIX closer to that same support zone now than it has been at any time the last few months and the S&P 500 back above 6,000, the pendulum has swung back near the extreme levels where the fireworks began. But there are two major differences now vs. then.

Bullish Patterns Are Working

Bullish patterns weren’t holding up well in December, January, and February (and then again in March). But they are working now.

Let’s not take this for granted. The S&P 500 starts the day with three live bullish patterns, and the index already hit one upside objective (5,840).

Most importantly, the index has extended above the breakout zones of the two biggest ones by 5.4% and 9%, respectively (see charts below). This means it could endure a not-so-small drawdown, and the patterns (and their upside targets) would remain in place. The index had no such cushion in February.

Still No 1% Declines

Since April 21, the S&P 500 has logged just one 1% decline, which now spans 35 trading days. It had 20 over the prior 71 days since January 6, 2025. That’s a rate of 2.8% vs. 28%. We had literally 10 times more 1% declines from January to April 21.

We didn’t see too many 1% losses in the first few weeks of 2025 either (see chart below). But with the index continuously failing at resistance, it just couldn’t leverage the low-volatility environment like it did from late 2023 through late 2024. As described above, in the last two months, the S&P 500 has been capitalizing on breakouts on low two-way volatility.

So, could all of this completely flip again with a massively surprising “unknown unknown” headline? There’s always that risk. And we know about the big collection of sell signals out there (MACD and Demark).

All of this suggests a respite is due. Bulls and bears seem to agree about that. What they don’t agree upon is the severity of that next pullback. There’s no use in trying to predict how far or how damaging it will be, however. As long as the bullish patterns remain intact, the nascent uptrend has a chance to continue in the months to come.

Zooming In: ARKK’s Strong Run

Let’s take a closer look at one of the more popular growth-focused ETFs: ARK Innovation ETF (ARKK). Despite finishing off its highs, ARKK logged its fourth straight gain yesterday and is now up eight of the last nine trading sessions. Over that time, it has fully leveraged the bull flag we mentioned two weeks ago. The target from that pattern is near $67.

ARKK also logged its third straight trading box breakout in the last few days. So, from a short-term pattern perspective, things have continued to work for the stock.

Indicator-wise, ARKK is now officially overbought for the first time since last December. Over the last year, here’s how the ETF has fared after first reaching overbought territory.

Last July, ARKK hit its summer top just a few days after becoming overbought. In November and December (while ARKK’s upswing continued through mid-February), the ETF pulled back to levels below where the relative strength index (RSI) first hit 70 over the ensuing days/weeks both times.

In other words, this is not the best trading setup for new short-term longs. We expect the risk-reward to improve after the next pullback.

ARKK is also approaching the upper threshold of its big two-year trading channel, which could slow things down soon.

The Bottom Line

The S&P 500 is rising slowly and steadily, volatility is still relatively low, and growth plays like ARKK are looking strong, although they may be due for a pullback in the near term. Keep an eye on the chart patterns that are forming and look for investment opportunities on pullbacks.

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Stock

RRG Update: Is Tech Ready to Break Out?

Stock 1 Min Read

This week, Julius shows how the Technology sector is edging toward leadership, alongside Industrials and soon-to-follow Communication Services. He highlights breakout lines for SPY, XLK, and XLC, noting that conviction climbs when daily and weekly RRG tails align to point northeast together. Bitcoin is sprinting into the leading quadrant next to a reinvigorated SPY, while bonds, commodities, and a weakening U.S. Dollar drift into lagging territory, underscoring an equity-friendly backdrop.

This video was originally published on June 12, 2025. Click on the icon above to view on our dedicated page for Julius.

Past videos from Julius can be found here.

#StayAlert, -Julius

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Investing

HyProMag USA Receives “Make More in America” Domestic Finance Letter of Interest for up to US$92 Million From US EXIM Bank

Investing 9 Mins Read

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (‘CoTec’) and Mkango Resources Ltd. (AIM:MKA)(TSXV:MKA) (‘Mkango’) are pleased to announce HyProMag USA, LLC, a Delaware corporation (‘HyProMag USA’ or the ‘Project’) has received a Make More in America (MMIA) domestic finance letter of interest (‘LOI’) from the U.S. Export-Import (‘EXIM’) Bank for its first integrated rare earth recycling and magnet making facility in Dallas-Fort Worth, Texas.

In terms of the letter, EXIM may be able to consider potential financing of up to $92 million of the project’s costs with a repayment tenor of 10 years.

Julian Treger, CoTec CEO commented: ‘We are very pleased with EXIM’s interest in the Project. The Project is strongly aligned with EXIM’s ‘Make More in America’ initiative, which provides beneficial financing terms for U.S. companies facing oversees competition to ensure the United States reshores certain critical export areas, including the domestic manufacturing of permanent NdFeB magnets. We believe that the Project could be a major contributor to the United States’ targeted permanent magnet independence and the speed at which HyProMag USA’s capabilities could be deployed distinguishes the Project from potential competitors.‘

Will Dawes, Mkango CEO commented: ‘The HyProMag USA development will be transformational for rare earth supply chains in the United States, and we are very pleased to see this reflected in the interest from EXIM. With the detailed engineering phase for the project well underway, HyProMag USA is well positioned to create a major new domestic hub for recycling and magnet manufacturing, and a platform for further growth in North America.’

The issuance of this LOI is aligned with Executive Order 2421 of March 20, 2025 ‘Immediate Measures to Increase American Mineral Production’ which includes near-term actions to be determined and implemented by the agencies to fast-track permits, mobilize capital for mineral producers, and create offtake agreements for strategic stockpiling for minerals critical to the United States’ defense, technology, and energy.

HyProMag is commercializing Hydrogen Processing of Magnet Scrap (HPMS) recycling technology in the UK, Germany and the United States. HPMS technology was developed at the Magnetic Materials Group (MMG) at the University of Birmingham, underpinned by approximately US$100 million of research and development funding, and has major competitive advantages versus other rare earth magnet recycling technologies, which are largely focused on chemical processes but do not solve the challenges of liberating magnets from end-of-life scrap streams.

In November 2024, HyProMag announced an independent Feasibility Study which includes a Dallas Fort Worth recycling and magnet Hub, and two pre-processing facilities located in South Carolina and Nevada respectively[i]. In March 2025, HyProMag USA announced the expansion of the detailed engineering phase to include three HPMS vessels[ii] and that it was initiating concept studies for further expansion and complementary ‘Long Loop’ recycling[iii]. The DFW Hub’s annual production is expected to be 750 metric tons per annum of recycled sintered NdFeB magnets and 807 metric tons per annum of associated NdFeB co-products (total payable capacity – 1,557 metric tons NdFeB within five years of commissioning) over a 40-year operating life. It is expected the production facility will provide significant optionality to supply the U.S. market with additional NdFeB alloy powder while assisting in revitalising the U.S. magnet sector with the creation of 90-100 skilled magnet manufacturing jobs.

In March 2025, HyProMag USA announced the results of an independent ISO-Compliant product carbon footprint study which confirmed an exceptionally low CO2 footprint of 2.35 kg CO2 eq. per kg of NdFeB cut sintered block product.[iv]

Ownership

HyProMag USA is owned 50:50 by CoTec and HyProMag Limited (‘HyProMag’). HyProMag is 100 per cent owned by Maginito Limited (‘Maginito’), which is owned on a 79.4/20.6 per cent basis by Mkango and CoTec.

About CoTec Holdings Corp.

CoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange (‘TSX-V’) and the OTCQB and trades under the symbols CTH and CTHCF respectively. CoTec Holdings Corp. is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec’s strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector.

For more information, please visit www.cotec.ca.

About Mkango Resources Ltd.

Mkango is listed on the AIM and the TSX-V. Mkango’s corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited, which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec, and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.

Maginito holds a 100 per cent interest in HyProMag and a 90 per cent direct and indirect interest (assuming conversion of Maginito’s convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd (‘Mkango UK’), focused on long loop rare earth magnet recycling in the UK via a chemical route.

Maginito and CoTec are rolling out HPMS recycling technology into the United States via the 50/50 owned HyProMag USA joint venture company.

Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi (‘Songwe’) and the Pulawy rare earths separation project in Poland (‘Pulawy’). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a letter of Intent with Crown PropTech Acquisitions to list the Songwe and Pulawy projects on NASDAQ via a SPAC Merger.

For more information, please visit www.mkango.ca

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR’), which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango and CoTec. Generally, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’ or ‘is expected to’, ‘scheduled’, ‘estimates’ ‘intends’, ‘anticipates’, ‘believes’, or variations of such words and phrases, or statements that certain actions, events or results ‘can’, ‘may’, ‘could’, ‘would’, ‘should’, ‘might’ or ‘will’, occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, the availability of the potential financing from EXIM, the expected annual production from HyProMag USA, the availability of (or delays in obtaining) financing to develop Songwe Hill, the Recycling Plants being developed by Maginito in the UK, Germany and the United States (the ‘Maginito Recycling Plants’), governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for Maginito’s recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the Maginito Recycling Plants, and the Pulawy separation plant and future investments in the United States pursuant to the proposed cooperation agreement between Maginito and CoTec, the outcome and timing of the completion of the Feasibility Studies, cost overruns, complexities in building and operating the plants, and the positive results of Feasibility Studies on the various proposed aspects of Mkango’s, Maginito’s and CoTec’s activities. The forward-looking statements contained in this press release are made as of the date of this news release. Except as required by law, the Company and CoTec disclaim any intention and assume no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Additionally, the Company and CoTec undertake no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

For further information on CoTec, please contact:
CoTec Holdings Corp.
Braam Jonker
Chief Financial Officer
braam.jonker@cotec.ca
+1 604 992-5600

For further information on Mkango, please contact:
Mkango Resources Limited
William Dawes
Chief Executive Officer
will@mkango.ca
+1 403 444 5979

Alexander Lemon
President
alex@mkango.ca

www.mkango.ca
@MkangoResources

SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff Keating, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470

Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 7186 9004/5

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

This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

Source

Click here to connect with CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) to receive an Investor Presentation

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