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Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce that it has received EUR1M in funds from the remaining Bearer Bond facility in place with major shareholder Deutsche Balaton. The original facility was for EUR2.5M and this has now been adjusted by mutual agreement to EUR2M. The full EUR2M has now been drawn down.

As announced to the ASX on 25 March 2025, the Company advised that it is in the process of selling its Malaysian land to help fund the ongoing development of the CERENERGY(R) battery project and the Silumina Anodes(TM) battery materials project, as well as to support general working capital requirements.

The Company also announced that it had entered into a binding Bond Note Subscription Deed with its major shareholder Deutsche Balaton AG, under which Altech could drawdown up to EUR2.5M in cash in the form of interest-bearing Bearer Bonds.

As the Bond Note Subscription Deed involved the Company granting a security interest over the Company’s Malaysian land, shareholder approval was required. The Company convened a General Meeting on 13 May 2025 and shareholders approved all Resolutions put to the General Meeting. The Company then applied to have the Malaysian land security registered with the relevant land authority, being Johor Corp. Although there were no laws or regulations precluding Johor Corp from registering the land security, it considered Deutsche Balaton AG a ‘non-lending foreign entity’ and advised that accordingly it was not comfortable in registering the land security.

The Company’s wholly owned subsidiary Altech Chemicals Sdn. Bhd. is the holder of the lease agreement over the Malaysian land. The only asset of value within Altech Chemicals Sdn. Bhd. is the lease agreement over the Malaysian land. In order to provide the security to Deutsche Balaton AG so as to drawdown the Bearer Bonds, the Company enforced security over the shares of Altech Chemicals Sdn. Bhd. in favour of Deutsche Balaton AG in lieu of the land security.

On 20 August 2025, the Company’s wholly owned subsidiary Altech Chemicals Australia Pty Ltd (shareholder of Altech Chemicals Sdn. Bhd.) executed a Share Charge with Deutsche Balaton AG in connection with the Bond Note Subscription Deed. Pursuant to the Share Charge, Altech Chemicals Australia Pty Ltd has offered as a continuing Security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed, charged all its rights, title and interest to all of the shares held in Altech Chemicals Sdn. Bhd. in favour of Deutsche Balaton AG. The Security is a continuing security and will extend to the ultimate balance of the due and punctual payment of all the requirements of the Bond Note Subscription Deed.

On 20 August 2025, the Company executed an Amendment Deed to the Bond Note Subscription Deed. Under the terms of the Amendment Deed, the agreed amount of bonds available to be drawdown was reduced from EUR2.5M to EUR2.0M. Additionally, the Company’s Meckering land was offered as additional security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed.

Altech Meckering Pty Ltd, the Company’s wholly owned subsidiary and holder of the Meckering land, has entered into a mortgage over the Meckering Land in favour of Deutsche Balaton AG as a continuing Security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed.

About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

Source:
Altech Batteries Ltd

Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

News Provided by ABN Newswire via QuoteMedia

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Investor Insight

Brazil’s expanding natural gas market, supported by an attractive and stable regulatory framework and fiscal regime, presents a unique opportunity for Alvopetro Energy to leverage its high-potential upstream and midstream assets. In early 2025, Alvopetro also announced a strategic entry into Western Canada focused on the prolific Mannville stack play fairway in Saskatchewan. With capital investment opportunities in Canada and Brazil, Alvopetro is on the pathway for long-term growth.

Overview

Alvopetro Energy (TSXV:ALV;OTCQX:ALVOF) is an independent energy company focused on unlocking onshore natural gas in Brazil while expanding its footprint into Canada. The company is recognized as Brazil’s first integrated onshore natural gas producer, having established a unique model that combines upstream production, midstream infrastructure and long-term sales agreements with stable pricing linked to Brent and Henry Hub benchmarks.

Since commencing production in 2020, Alvopetro has delivered strong operating results, sector-leading netbacks and consistent dividends. With a disciplined capital allocation strategy, approximately half of the cash flow from operations has been reinvested in organic growth, while the remainder has been returned to shareholders through dividends, debt reduction and share repurchases. This balance has underpinned exceptional shareholder returns, including a cumulative 1,495 percent total shareholder return since 2018.

Alvopetro’s growth is anchored by two pillars: its high-margin natural gas business in the Recôncavo Basin of Bahia, Brazil, and its newly established Western Canadian heavy oil platform. Together, these assets provide a diversified base of production and reserves, supporting near-term growth and long-term value creation.

Headquartered in Calgary, Canada, and operating in Salvador, Brazil, Alvopetro is led by a proven management team with extensive international oil and gas experience. The company is committed not only to profitable growth but also to sustainable development, investing in local communities through education, entrepreneurship, cultural programs and biodiversity initiatives.

Company Highlights

  • Alvopetro is a leading independent upstream and midstream gas operator in the state of Bahia, Brazil.
  • The company’s growth strategy targets opportunities with the best combinations of geological prospectivity and fiscal regime. In Brazil, Alvopetro is focused on unlocking Brazil’s on-shore natural gas potential, building off the development of its Caburé and Murucututu natural gas fields strategic midstream infrastructure. In Canada, four wells have been drilled and are on production and Alvopetro has expanded its land base with potential for over 100 drilling locations.
  • Over 95 percent of Alvopetro’s Brazil production is from natural gas and the company has a 2P reserve base of 9.1 million barrels of oil equivalent (MMboe) with a before-tax NPV10 of $327.8 million.
  • The company generates highly attractive operating netbacks and profitability per unit of production, setting it apart from its Latin American and North American peers. The state of Bahia boasts a favorable fiscal regime with low royalties and Alvopetro’s projects are eligible for a 15 percent income tax rate.

Key Projects

Caburé

The company’s flagship Caburé asset has historically delivered the majority of the company’s production. The project is a joint development of a conventional natural gas discovery across four blocks, two held by Alvopetro and two by its partner.

Following the first redetermination in 2024, Alvopetro’s working interest in Cabure increased to 56.2 percent, entitling the company to a larger share of production. The unitized area includes eight producing wells and all necessary production facilities. Gross unit production capacity has increased by 33 percent to 21.2 million cubic feet per day (MMcfpd), and an ongoing development program includes five additional wells, four of which have already been drilled.

Murucututu Gas

Immediately north of Caburé, Murucututu is a 100 percent owned Alvopetro asset with significant growth potential. Independent reserves evaluators have assigned 2P reserves of 4.6 MMboe, with an additional 4.5 MMboe of risked best estimate contingent resources and 10.2 MMboe of risked best estimate prospective resources.

The company successfully completed the 183-A3 well in 2024 and drilled the 183-D4 well updip of the 183-A3 well in 2025, bringing the 183-D4 well online in August 2025, which achieved initial production of 953 barrels of oil equivalent per day (boepd). With field production facilities already in place, Alvopetro plans a multi-year development program targeting both the Gomo and Caruaçu formations, including at least six more development wells.

Midstream – Infrastructure and marketing

Alvopetro owns and operates all of the key infrastructure needed to process and deliver its natural gas. Production from Caburé and Murucututu is transported via Alvopetro’s 11-kilometre transfer pipeline to its UPGN gas processing facility, which has a capacity of more than 18 MMcfpd.

At the UPGN, condensate and water are removed, with condensate sold at a premium to Brent. Processed natural gas is delivered to the Bahiagás city gate, with onward transportation through a 15-kilometre distribution pipeline into Bahia’s Camacari industrial complex. Under the long-term gas sales agreement with Bahiagás, pricing is set quarterly based on Brent and Henry Hub benchmarks. An updated agreement, effective January 1, 2025, increased firm sales volumes by 33 percent, further securing Alvopetro’s cash flow stability.

Western Canadian Growth Platform

Beyond Brazil, Alvopetro has expanded its global footprint into North America with the establishment of a new heavy oil growth platform in Western Canada. The company holds a 50 percent working interest in 27.5 sections (8,890 net acres) of Mannville conventional heavy oil lands in Alberta and Saskatchewan, in partnership with an experienced operator, where we are deploying leading edge open hole multilateral drilling technology:

The diagram above depicts the evolution of drilling technology to develop a ¼ section of land. On the far left, traditional development would have required 32 vertical wells. Technology then advanced to horizontal wells, as depicted in the middle of the diagram with 4 separate wells. Today, multilateral drilling technology (as depicted on the far right) allows for just a single well with 6+ open-hole lateral legs developing the ¼ section of land. Alvopetro’s first 2 wells drilled in Saskatchewan each included 6 lateral legs. A total of 15 km of open-hole horizontal legs were drilled.

The Mannville stack is a multi-zone fairway with shallow depths, lower geological risk and attractive drilling economics. The first two earning wells were drilled with more than 15 km of open hole and brought into production in April 2025. Two additional wells were drilled in Big Gully in July 2025, with more than 19 km of open hole, with oil sales from the new wells are expected to commence in September 2025.

With the potential for more than 100 drilling locations, the Canadian platform provides Alvopetro with a complementary source of long-term production growth.

Management Team

Corey C. Ruttan – President, Chief Executive Officer and Director

Corey C. Ruttan is the president, chief executive officer and director of Alvopetro. He was the president and CEO of Petrominerales, from May 2010 until it was acquired by Pacific Rubiales Energy in November 2013. Prior to that, he was the vice-president of finance and chief financial officer of Petrominerales. From March 2000 to May 2010, Ruttan was the senior vice-president and chief financial officer of Petrobank Energy and Resources, and held increasingly senior positions with Petrobank since its inception in 2000. He also served as executive vice-president and chief financial officer of Lightstream Resources from October 2009 to May 2010; served as vice-president of Caribou Capital from June 1999 to March 2000; and manager financial reporting of Pacalta Resources from May 1997 to June 1999. He began his career at KPMG where he worked from September 1994 to May 1997. Ruttan obtained his Bachelor of Commerce degree majoring in accounting from the University of Calgary in 1994 and his chartered accountant designation in 1997.

Alison Howard – Chief Financial Officer

Alison Howard is a chartered accountant with over 20 years of experience in Canadian and international taxation, accounting and finance. Howard joined Petrominerales in July 2011 as a tax manager and was subsequently promoted to tax director. From May 2008 to July 2011, Howard was the tax manager at Petrobank Energy and Resources. Prior to that, Howard spent a number of years at Deloitte LLP in Calgary. She obtained her Bachelor of Commerce degree from the University of Saskatchewan in 1999.

Adrian Audet – VP, Asset Management

Adrian Audet joined Petrominerales in 2013 and has held increasingly senior roles with Alvopetro since its inception. Audet has spent extensive time in Bahia overseeing the operations, realizing extensive cost savings and improvements in efficiency. Previously, Audet held engineering roles with increasing responsibility in the oil and gas industry. Audet began his career in 2006 and completed his masters and undergraduate degrees in mechanical engineering at the University of Alberta. Audet is a professional engineer registered with APEGA and is a CFA charterholder.

Nanna Eliuk – Exploration Manager

Nanna Eliuk is a professional geophysicist (M.Sc.) with over 23 years of diversified petroleum exploration and development experience. She has expertise in conventional and unconventional plays in both carbonate and clastic reservoirs in different depositional and structural settings (including pre-salt) in various basins around the world. Prior to joining Alvopetro, Eliuk was the senior explorationist of Condor Petroleum (Kazakhstan) for two years, and prior thereto, she was the vice-president of geophysics and land for Waldron Energy. Eliuk started her career in 1997, holding progressively senior roles at Husky Energy for five years, and at Compton Petroleum for over six years. Her extensive experience includes geophysical evaluation and analysis for business development opportunities and new ventures in various international basins, along with regional mapping, play fairway analysis, petroleum system evaluation, prospect definition, and seismic attribute analysis. Eliuk holds a masters degree in geology and geophysics, and a BSc. in geology.

Darcy Reynolds – Western Canadian Business Unit Lead

Darcy Reynolds, P.Geo is the Western Canadian Business Unit Lead with over 20 years of subsurface and asset evaluation experience across Western Canada. For the past 12 years, Reynolds has focused on heavy oil development, including horizontal multilateral wells, enhanced oil recovery (waterflood, polymer, CO₂), and thermal SAGD projects. He has held senior leadership and technical roles at Rubellite Energy (senior geologist), Cenovus Energy (geoscience director), Husky Energy (geoscience director), and Talisman Energy (geology manager). Reynolds holds a B.Sc. in Geology from the University of Alberta and is a registered professional geoscientist with APEGA

Frederico Oliveira – Country Manager

Frederico Oliveira has held increasingly senior roles since 2008 and has expertise in regulations, contracts, partnerships, management and cost efficiency. He has held management roles in large private companies in Brazil, performing strategic planning, project implementation, process restructuring, efficiency and productivity improvements, and cost control. Oliveira obtained an MBA from the Federal University of Minas Gerais in 2004 and a Bachelor of Science degree in Mechanical Engineering from the Pontificia Universidade Catolica de Minas Gerais.

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Osisko Metals Incorporated (the ‘ Company or ‘ Osisko Metals ‘) ( TSX: OM,OTC:OMZNF ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec.

Osisko Metals Chief Executive Officer Robert Wares commented: ‘ Drill hole 30-1097 produced our longest intersection so far, returning 1117 metres of continuous mineralization from the top of Copper Mountain, located in the heart of the deposit. With 10 drills on site, we have completed over 65,000 metres of the drill program to date, and will continue the current program of infill and expansion drilling until December. The updated MRE is well on track to be released in Q1 2026.

New analytical results are presented below (see Table 1), including 19 mineralized intercepts from 6 new drill holes. Infill intercepts are located inside the 2024 MRE model ( see November 14, 2024 news release ), and are focused on upgrading inferred mineral resources to measured or indicated categories, as applicable. Expansion intercepts are located outside the 2024 MRE model and may potentially lead to additional resources that will be classified appropriately within the next MRE update. Some of the reported intercepts have contiguous shallower infill as well as deeper expansion (noted on Table 1 below as ‘Both’). Maps showing hole locations are available at www.osiskometals.com .

Highlights:

  • Drill hole 30-1097
    • 1117.5 metres averaging 0.25% Cu (infill and expansion)
  • Drill hole 30-1100
    • 228.5 metres averaging 0.25% Cu (infill and expansion)
  • Drill hole 30-1101
    • 148.5 metres averaging 0.32% Cu (infill)
  • Drill hole 30-1104
    • 792.0 metres averaging 0.20% Cu (infill and expansion)
  • Drill hole 30-1105
    • 110.5 metres averaging 0.20% Cu (infill)
    • 288.0 metres averaging 0.19% Cu (expansion)

Table 1: Infill and Expansion Drilling Results

DDH No. From (m) To (m) Length (m) Cu % Ag g/t Mo % CuEq* Type**
30-1097 87.0 1204.5 1117.5 0.25 1.81 0.022 0.35 Both
(including) 87.0 778.5 691.5 0.24 2.05 0.019 0.33 Infill
(including) 778.5 1204.5 426.0 0.27 1.42 0.028 0.38 Expansion
30-1100 81.0 119.0 38.0 0.15 1.11 0.16 Infill
And 137.0 180.0 43.0 0.25 1.64 0.013 0.31 Infill
And 322.5 551.0 228.5 0.25 1.61 0.013 0.31 Both
And 677.8 805.0 127.2 0.15 0.82 0.012 0.20 Expansion
And 862.8 974.5 111.7 0.17 1.24 0.010 0.22 Expansion
30-1101 58.0 111.0 53.0 0.24 5.21 0.27 Infill
And 156.0 304.5 148.5 0.32 2.52 0.34 Infill
And 493.5 521.2 27.7 0.36 1.85 0.37 Expansion
30-1102 516.0 567.0 51.0 0.36 3.62 0.38 Expansion
And 781.5 858.0 76.5 0.03 0.19 0.077 0.32 Expansion
And 880.5 930.0 49.5 0.46 2.81 0.48 Expansion
30-1104 4.5 32.0 27.5 0.12 0.48 0.12 Infill
And 54.0 85.0 31.0 0.14 0.66 0.14 Infill
And 177.0 969.0 792.0 0.20 1.33 0.015 0.26 Both
(including) 177.0 567.5 390.5 0.18 1.49 0.013 0.23 Infill
(including) 567.5 969.0 401.5 0.22 1.17 0.017 0.29 Expansion
30-1105 16.0 79.0 63.0 0.19 1.94 0.20 Infill
And 122.0 232.5 110.5 0.20 1.30 0.21 Infill
And 261.8 355.5 93.7 0.25 1.72 0.009 0.30 Both
And 378.0 666.0 288.0 0.19 2.03 0.012 0.25 Expansion

* See explanatory notes below on copper equivalent values and Quality Assurance/Quality Controls.
** ‘Both’ indicates drill holes that have contiguous shallower infill as well as deeper expansion intercepts.

Discussion

Drill hole 30-1097, located on top of Copper Mountain near the central part of the 2024 MRE model, intersected 1117.5 metres averaging 0.25% Cu, 0.022% Mo, and 1.81 g/t Ag that included expansion at depth of 426.0 metres averaging 0.27% Cu, 0.028% Mo, and 1.42 g/t Ag. This hole extends mineralization near the centre of the deposit to a vertical depth of 1,204 metres.

Drill hole 30-1100, near the southwestern margin of the 2024 MRE model, intersected five separate mineralized intervals, including 228.5 metres averaging 0.25% Cu, 0.013% Mo, and 1.61 g/t Ag (infill and expansion). This was followed by 127.2 metres averaging 0.15% Cu, 0.012% Mo, and 0.82 g/t Ag and then by another 111.7 metres averaging 0.17% Cu, 0.010% Mo, and 1.24 g/t Ag (both expansion), extending mineralization to a vertical depth of 975 metres.

Drill holes 30-1101 and 30-1102, both located near the eastern margin of the 2024 MRE model, intersected several, relatively short mineralized intervals that were 27 to 76 metres long, with the exception of one 148.5 metre interval (30-1101) that averaged 0.32% Cu and 2.52 g/t Ag (infill). These holes, along with several other previously reported holes, confirm the currently defined eastern margin of the 2024 MRE model.

Drill hole 30-1104, located near the west-central portion of the 2024 MRE model, intersected two short (28 and 31 metres) intervals followed by 792.0 metres averaging 0.20% Cu, 0.015% Mo and 1.33 g/t Ag that included expansion at depth of 401.5 metres averaging 0.22% Cu, 0.017% Mo, and 1.17 g/t Ag. This hole extends mineralization in this area to a vertical depth of 969 metres.

Drill hole 30-1105, located in the southwestern portion of the 2024 MRE model, intersected 110.5 metres averaging 0.20% Cu and 1.30 g/t Ag (infill), followed by 93.7 metres averaging 0.25% Cu and 1.72 g/t Ag (infill and expansion), followed by a third intersection of 288.0 metre averaging 0.19% Cu, 0.012% Mo, and 2.03 g/t Ag (expansion), extending mineralization to a vertical depth of 666 metres.

Mineralization at Gaspé Copper is of porphyry copper/skarn type and occurs as disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite and minor bornite and molybdenite. At least five retrograde vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier prograde skarn and porcellanite-hosted mineralization throughout the Gaspé Copper system. Porcellanite is a historical mining term used to describe bleached, pale green to white potassic-altered hornfels. Subvertical stockwork mineralization dominates at Copper Mountain whereas prograde bedding-replacement mineralization, that is mostly stratigraphically controlled, dominates in the area of Needle Mountain, Needle East, and Copper Brook. High molybdenum grades (up to 0.5% Mo) were locally obtained in both the C Zone and E Zone skarns away from Copper Mountain.

The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain stockwork mineralization ( see May 6, 2024 MRE press release ). Extending the resource model south of Copper Mountain into the poorly-drilled prograde skarn/porcellanite portion of the system subsequently led to a significantly increased resource, mostly in the Inferred category ( see November 14, 2024 MRE press release ).

The current drill program is designed to convert the November 2024 MRE to Measured and Indicated categories, as well as test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively. The November 2024 MRE was limited at depth to the base of the L1 skarn horizon (C Zone), and all mineralized intersections below this horizon represent potential depth extensions to the deposit, to be included in the next scheduled MRE update in Q1 2026.

All holes are being drilled sub-vertically into the altered calcareous stratigraphy which dips 20 to 25 degrees to the north. The L1 (C Zone) the L2 (E Zone) skarn/marble horizons were intersected in most holes, as well as intervening porcellanites that host the bulk of the disseminated copper mineralization.

Table 2: Drill hole locations

DDH No. Azimuth (°) Dip (°) Length (m) UTM E UTM N Elevation
30-1097 0.00 -90.00 1224.0 316150.0 5426416.0 742.3
30-1100 0.00 -90.00 987.0 315825.0 5426193.0 619.4
30-1101 0.00 -90.00 592.0 316612.0 5425837.0 593.3
30-1102 0.00 -90.00 930.0 316595.0 5426284.1 603.7
30-1104 0.00 -90.00 999.0 315700.0 5426358.0 592.1
30-1105 0.00 -90.00 819.0 316104.0 5425877.0 586.9


Explanatory note regarding copper-equivalent grades

Copper Equivalent grades are expressed for purposes of simplicity and are calculated taking into account: 1) metal grades; 2) estimated long-term prices of metals: US$4.25/lb copper, $20.00/lb molybdenum, and US$24/oz silver; 3) estimated recoveries of 92%, 70%, and 70% for Cu, Mo, and Ag respectively; and 4) net smelter return value of metals as percentage of the price, estimated at 86.5%, 90.7%, and 75.0% for Cu, Mo, and Ag respectively.

Qualified Person

The scientific and technical content of this news release has been reviewed and approved by Mr. Bernard-Olivier Martel, P. Geo. (OGQ 492), an independent ‘qualified person’ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’).

Quality Assurance / Quality Control

Mineralized intervals reported herein are calculated using an average 0.12% CuEq lower cut-off over contiguous 20-metre intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals). Intervals of 20 metres or less are not reported unless indicating significantly higher grades .   True widths are estimated at 90 – 92% of the reported core length intervals.

Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including insertion of blanks and standards in the sample stream. Drill core is drilled in HQ or NQ diameter and securely transported to its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to ALS Canada Ltd.’s preparation facility in Sudbury. Sample preparation details (code PREP-31DH) are available on the ALS Canada website. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for Cu, Mo and Ag.

About Osisko Metals

Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt averaging 0.34% CuEq and Inferred Mineral Resources of 670 Mt averaging 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals’ November 14, 2024 news release entitled ‘Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper’. Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.

In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals June 25, 2024 news release entitled ‘Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq’. The Pine Point project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical substation and 100 kilometres of viable haul roads.

For further information on this news release, visit www.osiskometals.com or contact:

Don Njegovan, President
Email: info@osiskometals.com
Phone: (416) 500-4129

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. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘potential’, ‘feasibility’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction decision (if at all); the ability to increase the Company’s trading liquidity and enhance its capital markets presence; the potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in eastern North America.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. 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 are set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.ca) under Osisko Metals’ issuer profile. Although the Company 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 Company 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 Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission, or other regulatory authority has approved or disapproved the information contained herein.

Figures accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d9ceeb48-c38d-45dc-a5ec-f96863709f4a
https://www.globenewswire.com/NewsRoom/AttachmentNg/2df9a7aa-2f59-4631-b9dc-e4794a30e22b

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Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (‘Blackrock’ or the ‘Company’) is pleased to announce the receipt of an aggregate total of C$ $4,244,838.89 in cash proceeds from the exercise of 9,830,880 previously issued common share purchase warrants of the Company (‘Warrants’) since July 8, 2025.

After including the common shares (‘Common Shares‘) of the Company issued as a result of such Warrant exercises, there are a total of 325,490,026 Common Shares issued and outstanding as of the date hereof.

A total of 5,733,000 Warrants issued on August 30,2022 with an exercise price of C$0.75 per share expired unexercised on September 2, 2025.

The Company is also pleased to announce the addition of 7 drillholes to its previously announced eastern expansion drill program (the ‘Eastern Expansion Program‘) at its Tonopah West mineral project located in Nye and Esmeralda Counties, Nevada, United States (‘Tonopah West‘), targeting the 1.2 kilometre Eastern Expansion zone between the DPB resource area and the eastern extent of Tonopah West (see July 21, 2025 news release). With the inclusion of the additional 7 drillholes, the Eastern Expansion Program consists of a total of 22 drillholes and up to 7,000 metres (23,000 feet) of drilling. A total of 19 drillholes have been completed to date and are pending assay results.

Andrew Pollard, Blackrock’s President and Chief Executive Officer, stated, ‘The C$4.24 million from warrant exercises has strengthened our treasury, positioning us to continue advancing Tonopah West aggressively towards development. Drilling on our Eastern Resource Expansion program is progressing rapidly, with 19 of 22 holes already completed. Our updated mineral resource estimate remains on track for early September 2025, aimed at upgrading a portion of the DPB-South inferred resources to higher confidence categories to help de-risk the early years of our conceptual mine plan. A further resource update, focused on extending mine life, is scheduled for Q1 2026. With a robust treasury, assays pending, and multiple mineral resource updates in view, we are well positioned to close out 2025 with strong momentum as we continue to de-risk and advance the Tonopah West project.’

Qualified Persons

Blackrock’s exploration activities at Tonopah West are conducted and supervised by Mr. William Howald, Executive Chairman of Blackrock. Mr. William Howald, AIPG Certified Professional Geologist #11041, is a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. He has reviewed and approved the contents of this news release.

About Blackrock Silver Corp.

Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration and development company driven to add shareholder value. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.

Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

Cautionary Note Regarding Forward-Looking Statements and Information

This news release contains ‘forward-looking statements’ and ‘forward-looking information’ (collectively, ‘forward-looking statements‘) within the meaning of Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release relate to, among other things: the use of proceeds from the exercise of Warrants; advancement toward development of Tonopah West; the Company’s aim to upgrade significant tonnage from inferred mineral resources to measured and indicated mineral resources at Tonopah West to help de-risk the early years of the conceptual mine plan; the anticipated results from the Eastern Expansion Program; the expected timing of completion of the Company’s updated mineral resource estimates on Tonopah West; the Company’s strategic plans; the enhancement of the exploration potential of Tonopah West; the Company’s focus on adding additional mine life to Tonopah West; and geological information projected from sampling results.

These forward-looking statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; the historical basis for current estimates of potential quantities and grades of target zones; the availability of skilled labour and no labour related disruptions at any of the Company’s operations; no unplanned delays or interruptions in scheduled activities; all necessary permits, licenses and regulatory approvals for operations are received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; and the Company’s ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data; general market and industry conditions; and those factors identified under the caption ‘Risks Factors’ in the Company’s most recent Annual Information Form.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable 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 release.

For Further Information, Contact:

Andrew Pollard
President and Chief Executive Officer
(604) 817-6044
info@blackrocksilver.com

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Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce it has received a permit exemption under the British Columbia Mines Act to undertake a 10 to 15 line km induced polarization (IP) survey at the Company’s 1,168 hectare North Island Copper project near Port Hardy on Vancouver Island, British Columbia.

Surface sampling and a preliminary 12.3-line km Induced Polarization (IP) survey in the 1990’s identified an interesting chargeability anomaly at the historic Marisa Zone that was followed up by a five hole, 376.43 diamond drilling program. Two of the five holes hit interesting copper values including down hole intervals of 0.078% copper over 56.39 metres in DDH92-01 and 0.041% copper over 70.71 metres in DDH92-03 in an altered quartz diorite. Copper grades were increasing with depth in DDH92-03. The Company plans to follow up these historic results.

‘NorthIsle Copper and Gold Inc. continues to produce excellent exploration results 15km to the west in the same belt of rocks that also hosts the past producing Island Copper Mine 7.5km to the southeast attesting to the tremendous exploration potential of the area’, commented Questcorp, President & CEO, Saf Dhillon. ‘The Marisa Zone displays a strong historic IP signature and anomaly carrying encouraging copper numbers from very limited drilling, begging for a second pass with modern geophysical equipment and processing,’ he concluded.

Questcorp has received quotes from three different geophysical contracting firms to update the 35 year old IP survey utilizing modern equipment and data processing. The Company is reviewing the quotes and plans to select the contractor shortly.

Questcorp cautions investors a Qualified Person has not verified the historical exploration data and further cautions, the presence of copper mineralization on the NorthIsle Copper and Gold and the BHP properties is not necessarily indicative of similar mineralization on the North Island Copper property.

The technical content of this news release has been reviewed and approved by R. Tim Henneberry’, P.Geo (BC) a Director of the Company and a Qualified Person under National Instrument 43-101.

About Questcorp Mining Inc.

Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island, B.C., subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.

ON BEHALF OF THE BOARD OF DIRECTORS,

Saf Dhillon
President & CEO

Questcorp Mining Inc.
saf@questcorpmining.ca
Tel. (604-484-3031)

Suite 550, 800 West Pender Street
Vancouver, British Columbia
V6C 2V6.

Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding completion of survey work at the North Island Copper project. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264915

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Drilling Confirms Gold Discovery and Significant Progress at Caber Complex

Nuvau Minerals Inc. (TSXV: NMC) is sharing positive results and significant progress at its Matagami Project in today’s comprehensive exploration update.

‘Multiple new discoveries, including the recent discovery of gold mineralization, demonstrate the potential of this large-scale property that was historically recognized solely for its base metal potential. The confirmation of a gold-bearing orogenic system adjacent to existing mine infrastructure significantly expands the opportunity for value creation. Nuvau is geared to continue the exploration on this large land package in the Abitibi,’ said Peter van Alphen, CEO of Nuvau Minerals Inc.

Highlights include the continued validation of the orogenic gold system that was discovered adjacent to the fully permitted Bracemac mine, and positive results from drilling additional zones on the Property, such as high-grade base metal mineralization at Caber and Renaissance:

  • Discovery of Bracemac orogenic gold system
    • First drill hole (BRCG-25-01) intersected 8.87 g/t Au over 1.05 m, including 16.02 g/t Au over 0.55
    • Visible gold observed in three of four orientation holes completed to date, confirming the presence and continuity of the gold-bearing shear zone
  • Caber Complex — 14 holes totaling 10,426 m completed to upgrade resources prior to an updated Mineral Resource Estimate (MRE)
    • GCB-24-113: 5.49% Cu, 5.95% Zn, 0.15 g/t Au, and 35.66 g/t Ag  2.8 m
    • GCB-24-114: 4.43% Cu, 2.07% Zn, 0.12 g/t Au, and 9.05 g/t Ag  2.75 m
    • GCB-24-116: 1.85% Cu, 3.10% Zn, 0.05 g/t Au, and 9.81 g/t Ag  27.2 m
  • Renaissance Zone — 27 holes drilled, with 16 holes containing massive to semi-massive sulphides; initial MRE underway following highlight results including 1.03% Cu, 9.16% Zn, 0.03 g/t Au, and 6.54 g/t Ag over 4.7 m
  • McLeod Extension — MRE in progress following 7 new intersections from 5,526 m of additional drilling to follow-up the 2023 discovery of 15.9 m grading 2.81% Cu, 14.80% Zn, and 0.39 g/t Au. New step-out results include:
    • 0.52% Cu, 10.96% Zn, 0.42 g/t Au, and 11.71 g/t Ag over 4.20 m
    • 2.45% Cu, 0.24% Zn, 0.11 g/t Au, and 11.39 g/t Ag over 7.75 m

Drilling is underway to follow-up the recent discovery of gold mineralization with 25 m of the existing mine access ramp at the Bracemac Mine. Visible gold has now been observed in three of four holes drilled in this new target, confirming a continuous shear zone intersected in all holes drilled to date. The system is hosted within a tonalite intrusive rock unit in the footwall of the Bracemac Mine, a rock unit where almost no historic holes have been drilled.

Gold exploration program
Operated by Glencore until June 2022, the Bracemac-McLeod mine was one of 12 past-producing base metal mines on Nuvau’s 1,300 km² land package. Historic mining focused entirely on copper and zinc mineralization. Key infrastructure remains in place, and the mine remains permitted for operation. Little to no gold exploration was undertaken by the previous operators due to the previous focus on base metals.

Visible gold mineralization was observed in the first hole drilled to test the first of three priority gold exploration targets that Nuvau identified on this large-scale property. The current drill campaign is aimed at defining the parameters of this newly-identified gold-bearing structure. To-date, four drill holes spaced 25 to 40 metres apart have established the strike and dip of the host shear zone that is injected with quartz veins containing minor pyrite. A fifth hole is underway to test 100 metres below the initial drill holes.

Visible gold has now been observed in three holes with all holes having intersected a sheared intrusive (tonalite) containing folded quartz-calcite-chlorite veins, mineralized with 1-3% pyrite. The first hole intersected 8.87 g/t Au over 1.05 m with numerous grains of visible gold identified. Assay results from additional holes remain pending.

Figure 1: 3D view showing general location of the gold-bearing structure

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Figure 2: Inclined long-section

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Caber Complex
Fourteen drill holes were completed totaling 10,426 m. This drilling was designed for the conversion of resources and to collect samples for metallurgical studies in preparation for a feasibility study of the Caber Complex deposits. A revised MRE is in progress and an updated PEA is planned with the aim of optimizing the Caber Complex mine plan and incorporating the potential restart of the Bracemac-McLeod Mine and mill complex into a detailed economic analysis.

Table 1: Assay results for the Caber Complex drill program

Hole ID from to length Cu% Zn% Au(g/t) Ag(g/t)
GCB-24-112 Reassays ongoing
GCB-24-113 547.00 557.70 10.70 1.53 1.64 0.09 16.14
And 600.35 603.15 2.80 5.49 5.95 0.15 35.66
And 677.55 703.85 26.30 0.23 0.31 0.03 1.18
GCB-24-114 591.85 594.40 2.55 0.11 12.55 0.07 12.33
And 655.60 657.70 2.10 1.36 4.14 0.09 25.95
And 733.45 756.00 22.55 0.65 0.76 0.03 1.50
Incl 748.55 751.30 2.75 4.43 2.07 0.12 9.05
And 756.90 763.60 6.70 0.54 0.02 0.02 0.33
GCB-24-115 Reassays ongoing
GCB-24-116 509.80 537.00 27.20 1.85 3.10 0.05 9.81
And 559.30 565.50 6.20 0.51 0.21 0.01 0.95
GCB-24-117 460.50 495.00 34.50 0.89 0.99 0.10 6.69
And 495.00 498.55 3.55 0.37 0.01 0.04 6.37
GCB-24-118 415.20 417.00 1.80 0.06 0.56 0.00 1.08
And 493.80 496.80 3.00 0.01 0.44 0.00 1.00
And 565.60 583.55 17.95 0.85 2.44 0.09 14.82
And 590.35 595.10 4.75 1.24 0.56 0.13 10.27
And 603.60 626.70 23.10 1.34 0.02 0.03 2.19
Incl 610.10 615.90 5.80 2.94 0.04 0.03 4.21
GCB-24-119 505.85 507.50 1.65 3.73 6.82 0.22 28.48
And 513.30 513.70 0.40 0.61 2.16 0.14 23.00
And 519.50 519.80 0.30 1.81 0.46 0.24 14.00
And 579.85 583.45 3.60 3.66 3.43 0.21 18.36
And 605.85 617.95 12.10 1.32 2.97 0.10 14.74
And 676.05 681.40 5.35 0.01 0.03 0.00 0.79
And 690.15 744.50 54.35 0.25 0.41 0.02 0.84
Incl 710.50 715.35 4.85 0.35 4.10 0.02 1.24
Incl 717.00 720.85 3.85 1.17 0.06 0.04 3.14
GCB-24-120 675.50 695.65 20.15 0.84 1.46 0.07 6.50
And 796.05 829.50 33.45 0.58 0.10 0.03 2.61
Incl 811.75 820.00 8.25 1.39 0.24 0.04 5.64
Incl 811.75 814.75 3.00 2.74 0.20 0.03 7.85
GCB-25-121 Reassays ongoing
GCB-25-122 Reassays ongoing
GCB-25-123 410.60 416.40 5.80 0.67 0.55 0.03 4.18
And 545.20 545.55 0.35 0.74 4.56 0.12 18.00
And 568.50 569.05 0.55 1.52 4.14 0.38 26.00
And 626.15 627.65 1.50 0.87 2.56 0.08 9.20
And 678.35 720.40 42.05 0.56 0.58 0.04 5.09
Incl 678.35 683.20 4.85 3.04 3.45 0.25 30.73
Incl 706.45 720.40 13.95 0.59 0.44 0.03 3.29
And 735.10 738.40 3.30 0.66 0.01 0.01 1.21
GCB-25-124 636.00 640.65 4.65 0.45 2.42 0.10 3.43
And 663.35 684.30 20.95 0.69 0.01 0.02 0.38
GCB-25-125 Reassays ongoing

 

Renaissance Zone
The Renaissance Zone was discovered by Nuvau in 2023, targeting a geophysical anomaly located in the ‘West Camp’ of the Matagami Property, immediately north of the Caber Complex deposits.

A total of 27 holes were drilled to test the Renaissance Zone, with 16 intersecting massive and semi-massive sulphide zones. An initial MRE for Renaissance is in progress. Results from the most recent drilling at Renaissance are provided in Table 2, below.

Table 2: Assays results for the Renaissance drilling program

Hole ID from to length Cu% Zn% Au(g/t) Ag(g/t)
REN-24-15 329.85 337.65 7.80 0.69 7.41 0.20 22.66
REN-24-16 280.80 281.80 1.00 0.12 1.35 0.01 5.00
REN-24-17 258.70 279.30 20.60 0.36 2.79 0.04 7.49
Incl 258.70 263.15 4.45 0.45 2.95 0.13 23.22
And 274.60 279.30 4.70 1.03 9.16 0.03 6.54
REN-24-18A No significant mineralization
REN-24-18 384.00 384.70 0.70 0.32 0.08 0.03 6.00
REN-24-19 Reassays ongoing
REN-24-20 463.65 478.35 14.70 0.72 1.66 0.05 6.47
Incl 463.65 472.75 9.10 0.77 1.86 0.03 5.48
And 476.10 478.35 2.25 1.47 3.13 0.20 18.60
REN-24-21 Reassays ongoing
REN-25-22 380.90 381.55 0.65 0.12 2.22 0.03 6.00
And 398.20 398.50 0.30 0.70 0.23 0.05 11.00
And 412.35 412.75 0.40 0.61 3.70 0.04 19.00
REN-25-23 294.00 295.00 1.00 0.01 0.85 0.00 0.00
And 303.00 303.60 0.60 0.01 0.81 0.00 0.00
REN-25-24 No significant mineralization
REN-25-25 No significant mineralization
REN-25-25EXT No significant mineralization

 

Figure 3: Renaissance Zone long-section

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McLeod extension
Intersected in 2023, the McLeod Mine extension demonstrated the potential for additional resources adjacent to existing mine workings, at the permitted past-producing Bracemac-McLeod Mine.

The extension discovery hole (MCL-13-31W1) returned 15.9 m grading 2.81% Cu, 14.80% Zn, and 0.39 g/t Au.

Seven new intersections from 5,526 m of additional drill holes completed will be incorporated into a MRE that is in progress. This zone will, along with the Caber Complex, be incorporated into future studies assessing the potential restart of the Bracemac-McLeod Mine and associated economic analysis. New results from the McLeod drill program are provided in Table 3 below.

Table 3: Assay results for the McLeod extension drilling program

Hole ID from to length Cu% Zn% Au(g/t) Ag(g/t)
MCL-13-31W6 1498.6 1502.8 4.2 0.23 2.39 0.14 11.90
Incl 1499 1500.05 1.05 0.65 3.92 0.13 20.24
MCL-13-31W7 1400.6 1402.25 1.65 0.19 4.32 0.06 3.55
And 1426.85 1432.55 5.7 0.09 1.19 0.31 3.30
MCL-13-31W8 1248.6 1251.3 2.7 0.18 2.84 0.45 6.59
MCL-18-90W2 1605 1607.2 2.2 0.09 0.02 0.11 1.64
MCL-18-90W3 1625.7 1627.4 1.7 0.09 0.54 0.18 3.24
MCL-18-91W1 1500.2 1502.35 2.15 1.44 0.07 0.31 10.65
And 1510 1519.5 9.5 0.88 0.05 0.09 7.74
And 1531.5 1534.5 3 0.72 0.06 0.08 4.67
MCL-18-91W2 1586.8 1611.75 24.95 1.04 2.36 0.14 7.03
Incl 1586.8 1591 4.2 0.52 10.96 0.42 11.71
Incl 1604 1611.75 7.75 2.45 0.24 0.11 11.39

 

About Nuvau Minerals Inc.
Nuvau Minerals is a Canadian mineral exploration company advancing the Matagami mining camp, covering more than 1,300 km² of highly prospective ground in the Abitibi region of mine-friendly Québec. Nuvau’s principal asset is the Matagami Property, which is host to significant existing processing infrastructure and multiple mineral deposits, but has never been subjected to a comprehensive gold-focused exploration program. The Company is leveraging innovative exploration methods, including AI-supported generative targeting and hydro-geochemistry, to identify and develop new gold and base metal deposits.

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

Drill core samples are sawn by staff technicians to create half core splits. One split is retained in the drill core box for archival purposes with a sample tag affixed at each sample interval and the other split is placed in a labelled plastic bag along with a corresponding sample number tag and placed in the shipment queue.

Quality control samples including blind certified reference material (‘CRM’), blank material, and core duplicates are inserted at a frequency of 1 in every 20 samples and sample batches of up to 60 samples were then shipped directly by Nuvau personnel to the ALS Canada Ltd. preparation laboratory in Rouyn-Noranda, Québec.

All submitted core samples are crushed in full to 95 % passing less than 2 mm (ALS code CRU-32). A 1000-gram sample was then riffled split from the crushed material and pulverized to 90 % passing 75 μm (SPL-22 and PUL-32a). Pulps are shipped from the preparation laboratory to ALS Canada Ltd.’s analytical lab in North Vancouver, British Columbia, for assay.

Lead, silver, copper and zinc analyses were determined by ore grade four acid digestion with an inductively coupled plasma atomic emission spectroscopy (‘ICP-AES’) or atomic absorption spectroscopy (‘AAS’) finish (ALS codes Pb-OG62, Ag-OG62, Cu-OG62 and ZnOG62), whereas gold was determined by 50 g fire assay analysis with an AAS finish (code Au-AA23).

A second method, PhotonAssay analysis (code Au-PA01), was used on a single sample from hole BRCG-25-01 where visible gold was observed. The remaining reject material was pulverized to 95% passing 106um (PUL-32a) and recombined with the remaining master pulp material and split into three jars (~500g each) and shipped from the preparation laboratory to ALS Canada Ltd.’s analytical lab in Thunder Bay Ontario, for photon assayed. The reported value is the combined weighted assay result representing the entire length of the sample. For comparison gold determined by 50 g fire assay analysis return 15.75 g/t Au, compared to 16.02 g/t Au by PhotonAssay.

ALS Canada Ltd. is an accredited, independent commercial analytical firm registered to ISO/IEC 17025:2017 and ISO 9001:2015.

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

Cautionary Statements

This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning drill results relating to the Matagami Property, the results of the PEA, the potential of the Matagami Property, the timing and commencement of any production, the restart of the Bracemac-McLeod Mine, the completion of the earn-in of the Matagami Property and the timing and completion of any technical studies, feasibility studies or economic analyses. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company and the Matagami Property. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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Perth, Australia (ABN Newswire) – Locksley Resources Ltd (ASX:LKY) (OTCMKTS:LKYRF) is pleased to announce the appointment of Mr Pat Burke as Non-Executive Chairman. Mr Burke brings proven experience and success in advancing rare earth element (REE) projects and has significant corporate governance expertise, ASX listed leadership experience and a strong track record in the resources sector.

In his role as Executive Chairman of Meteoric Resources NL (ASX:MEI), MC ~$370m, he oversaw the transformative acquisition and advancement of the Caldeira ionic clay REE project in Brazil, one of the world’s largest high grade ionic clay rare earth deposits. Mr Burke was actively involved in all aspects of the project’s initial progression, including negotiations with government agencies, local partners and funders.

He is a qualified lawyer, with over 20 years legal and corporate advisory experience. Mr Burke’s legal expertise is in corporate, commercial and securities law. His corporate advisory experience includes identification of acquisition targets, deal structuring and financing and project development.

He has held Board roles across numerous ASX companies, as well as AIM and NASDAQ-listed companies, including Mandrake Resources and Vulcan Energy Resources.

Locksley is entering a significant growth phase as it advances its Mine to Market Strategy. In conjunction with Mr Burke’s appointment, Mr Nathan Lude will transition from Chairman to the newly created role of Head of Strategy, Capital Markets & Commercialisation. This reflects the Company’s focus on advancing its U.S. minerals projects, processing pathways and downstream critical minerals and technology initiatives. In this role Mr Lude will dedicate his time to:

Downstream Technology & Commercialisation

– Coordinating Locksley’s collaboration with Rice University to fast-track antimony extraction, processing and energy storage innovation

– Securing commercial licensing opportunities, pilot site identification, and deployments

– Driving the establishment and contributions of Locksley’s U.S. subsidiary and Advisory Board

Strategic Partnerships & Government Engagement

– Building strategic partnerships and alliances with U.S. defense, energy, and targeted technology sectors

– Coordinating engagement through GreenMet, including submissions to U.S. federal and state government programs and funding opportunities such as the DOE, DoD, and EXIM Bank

Capital Markets & Investor Growth

– Overseeing marketing, investor relations, and public relations

– Coordinating with ASX funds and investors, while expanding the U.S. investor base via OTCQB

– Assessing growth pathways to OTCQX, NASDAQ, SPAC structures, and Frankfurt listing

Mr Lude commented:

‘Locksley has rapidly advanced its growth strategy in recent months, advancing both upstream project development and new downstream opportunities. This change allows me to focus on our Mine to Market initiatives in the U.S., where our projects and partnerships can meaningfully strengthen America’s critical minerals supply chain. With Pat leading the Board, drawing on his experience and success in identifying and advancing the Meteoric REE opportunity and his deep industry knowledge on critical minerals, I can dedicate my time to building the business foundations for Locksley’s next phase of investor growth.’

Mr Burke commented:

‘Locksley’s integrated approach from resource development through to downstream processing and advanced applications is well aligned with the current U.S. focus on secure, strategic critical minerals supply chains. I look forward to working with the Board and management to advance the Company’s portfolio and deliver value for shareholders.’

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY) (OTCMKTS:LKYRF) is an ASX-listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development of critical minerals for U.S.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 240 claims across two contiguous prospect areas, namely, the North Block-Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With surface samples grading up to 46% Sb as well as silver up to 1,022 g/t Ag, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Source:
Locksley Resources Limited

Contact:
Nathan Lude
Chairman
Locksley Resources Limited
T: +61 8 9481 0389

News Provided by ABN Newswire via QuoteMedia

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Investor Insight

Basin Energy offers uranium and rare earth exposure through high conviction exploration projects within tier-1 jurisdictions.

The group’s primary focus is the testing of district scale uranium and rare earth potential at the Sybella Barkly project, located directly west of the prolific mining town of Mount Isa, in northwest Queensland. These projects are deemed prospective for roll-front uranium, shear hosted hard rock uranium, sediment/ionic clay hosted rare earth elements and for hard rock rare earths. Evidence in support of this comes from the direct proximity and geological analogies to both ASX Paladin Energy’s Valhalla uranium deposit and its uranium source, the Sybella Batholith and for rare earth potential adjacent to ASX Red Metal’s Sybella Discovery.

The company also provides strategic exposure to three projects in Canada’s Athabasca Basin, the heartland of uranium exploration, where it is partnered with TSXV CanAlaska uranium and has a strategic early mover position in the emerging energy metals districts of Sweden and Finland ranked 6 and 1, respectively on the Fraser index in 2024.

With a technically driven exploration focus for uranium and rare earth minerals within tier-one jurisdictions, Basin Energy is well-positioned to capitalize on the global push for clean energy.

Overview

District Scale Uranium and Rare Earths Opportunity – Queensland Australia

Basin holds 5,958 sq km of exploration tenure in the Mount Isa district of northwest Queensland. The projects provide compelling walk-up drill targets that can be rapidly and cost-effectively tested using air core and reverse circulation (RC) drilling.

The drill-ready, district scale opportunity includes:

  • Paleochannel roll front uranium
  • Sediment and ionic clay hosted rare earth elements
  • Hard rock, granite hosted rare earth elements

In addition to these three district-scale targets, the project area contains multiple shear-hosted Valhalla-style uranium targets defined for immediate assessment.

Project location map

The primary model is based on mineralisation sourced from the various granites of the Sybella Batholith, a large north-south trending igneous body containing zones enriched in rare earth elements. This includes the Red Metal (ASX:RDM) giant Sybella Discovery. Several granites from the Sybella are also uranium rich, potentially being the source of Paladin Energy’s (ASX:PDN) Valhalla deposits.

The projects cover an extensive portion of the Sybella Batholith, deemed prospective for granite-hosted REEs, as well as a significant landholding west of the Sybella, known as the Barkly Tablelands. The Barkly Tablelands are regarded as prospective for sediment-hosted mineralisation and was surveyed with airborne electromagnetics (AEM) by Summit Resources in February 2007, prior to its acquisition by Paladin Energy. Whilst numerous targets were identified, no drilling was completed at the time. Importantly, past exploration focused mainly on base metals, phosphate and water bores, meaning the uranium and rare earth potential remains virtually untouched.

Prospective target concepts

Paleochannel Roll-Front Uranium Potential – District Scale Target 1

The Summit Resources AEM survey identified an extensive network of paleochannels within the Barkly Tablelands, fed from the uranium-rich Sybella Batholith. This network trends south beyond the limits of existing survey data, suggesting even further potential remains to be identified.

Historical drilling in the area noted geological features typically associated with uranium deposits, such as redox fronts, sandstone channels and impermeable cap rocks. However, no uranium assays were conducted at the time.

Given the Sybella granites are considered the potential source of Paladin’s nearby Valhalla uranium deposits, Basin believes significant uranium will have also been transported into these paleochannels through erosion and chemical leaching processes. Previous work by Summit Resources and Furgo has already prioritised several high-potential targets. Basin plans to complete a first pass aircore drilling program to delineate this potential in Q4 2025.

Ternary radiometrics and AEM conductivity depth slice (paleochannels are projected to surface)

Sediment and Ionic Clay Hosted REE Potential – District Scale Target 2

Surface and auger geochemistry sampling across the Barkly Tablelands has confirmed significant REE enrichment, with multiple results exceeding 600 ppm TREO. The sediments are directly sourced from the Sybella Batholith with the highest of these values located directly down drainage catchments linked to Red Metals Sybella Discovery.

Sediment-hosted REEs and target zones

Previous AEM surveys also revealed a broad conductive layer within the Barkly Tablelands sediments, approximately 12 metres thick at shallow depths between 20-32 metres, and covering a footprint of over 1,000 sq km. This layer is interpreted to represent a clay-rich unit capable of hosting ionic clay REE deposits.

AEM outlining laterally extensive conductive sediment target

Granite Hosted REE Potential – District Scale Target 3

The various granites that make up the Sybella contain zones of enriched REEs, including the Red Metal (ASX:RDM) owned Sybella Discovery.

Basin’s ground includes several prospects (Newsmans Bore, Eight Mile and Threeways) where a shallow proof of concept auger drilling program returned highly encouraging results in 2023.

The most encouraging results from the auger drilling at Newmans Bore reported at over 0.5 m at >1000 ppm TREO, including:

  • SYAH23-020 – 5.0 m @ 1,951 ppm TREO with 578 ppm Nd+Pr oxide combined (including 3 m @ 705 ppm) from 4 m to end of hole
  • SYAH23-006 – 2.5 m @ 1,343 ppm TREO with 248 ppm Nd+Pr oxide combined from 5 m to end of hole
  • SYAH23-018 – 0.5 m @ 1,996 ppm TREO with 465 ppm Nd+Pr oxide combined from 2 m to end of hole
  • SYAH23-131 – 2.6 m @ 1,535 ppm TREO with 329 ppm Nd+Pr oxide combined from 3 m to end of hole

These results are very significant, as mineralisation continued to the end of hole and closely mirrors the geochemical patterns seen by Red Metal prior to their Sybella discovery.

Auger drilling completed by NeoDys, with highlights from Newmans Bore

Red Metals Discovery REE anomaly

Red Metal utilised RC drilling beneath this anomaly and identified broad zones of rare earth anomalism, which led to the Sybella discovery. NeoDys’ auger drilling across Basin’s project has outlined similar levels and scale of rare earth anomalism, demonstrating strong potential for comparable discoveries. See figure below.

Stylised section of NeoDys Newmans Bore auger drilling

The next phase for Basin will be to conduct deeper RC drilling to test potential continuity of these anomalies. Drilling is proposed for Q4 2025.

Hard Rock Shear-Hosted Uranium Valhalla Style Targets

In addition to the three district scale targets, Basin also sees strong potential for Valhalla-style shear zone uranium mineralisation within the North section of the license. Airborne radiometric data highlights several anomalies crossing both the Sybella granite and the Cromwell metabasalt, features consistent with the alternation patterns seen at other uranium deposits in the region. The scale and geological setting of these radiometric anomalies draws comparison to Paladin Energy’s Mount Isa (Valhalla) project, which contains 148.4 Mlbs of U3O8 at 728 ppm, and a combined 116 Mlbs within the Valhalla, Odin and Skal resources located just 7 km east of Basin’s license

Filtered airborne radiometric data (isolating high-U, low-K rocks) highlighting several potential Valhalla-style shear zone targets in the Cromwell Metabasalt and the adjacent Sybella Batholith

Company Highlights

  • Strategic exposure to district-scale opportunities with the potential to transform into world-class discoveries, delivering exceptional leverage on exploration success
  • Drill-ready Queensland projects positioned for rapid advancement, leveraging low-cost exploration techniques to deliver high-impact results.
  • Pure uranium exposure to the Athabasca Basin through partnership with CanAlaska Uranium, fresh off discovery success at West McArthur.
  • Early mover position in the Nordics ready to capitalise as Sweden reverses its uranium mining moratorium (effective Jan 1, 2026), unlocking access to Europe’s largest uranium endowment and elevating Nordic exploration upside.
  • Exposure to uranium (supply shortfall + nuclear demand growth) and rare earths (critical to EVs and renewables, with limited global supply), both sectors positioned for sustained upside.
  • Exploration leverage in globally ranked, mining-friendly jurisdictions Finland, Saskatchewan, Sweden, and Queensland minimizing geopolitical risk while maximizing discovery upside.
  • Experienced Team: Leadership includes veterans of uranium discovery and development, with direct experience in Athabasca Basin and international uranium markets.

Key Projects

Strategic Global Uranium Exposure

Basin holds interests in three projects, in partnership with TSX-V CanAlaska within the heartland of the world class Athabasca Basin uranium district. The company’s primary focus here is on the Geikie project where early drilling has identified a significant alteration system with analogies to major basement hosted uranium deposits of the district such as Nexgen energy’s prolific Arrow discovery. The company is actively seeking partnerships for the Marshall and North Millennium projects, which are prospective for unconformity style mineralisation with walk up drill ready targets.

Canada – Athabasca Basin

Geikie Project

The Geikie Project spans 351 sq km on the eastern margin of the Athabasca Basin and benefits from excellent access, with Highway 905 just 10 km to the east.

This underexplored region is considered highly prospective for shallow, basement-hosted uranium mineralisation. Historically overlooked in past exploration campaigns, the area has seen renewed interest following recent basement-style uranium discoveries elsewhere in the district.

Project Highlights:
  • Drilling Results & Exploration Potential
    • Uranium intersected in 6 of 16 holes including 0.27 percent U₃O₈ over 0.5 m at Aero Lake and 263 ppm U₃O₈ over 9 m at Preston Creek
    • Pathfinder elements (notably lead isotope anomalies) were identified in 10 of 16 holes
  • Structural & Geological Highlights
    • Large-scale structural corridors identified—capable of transporting and hosting high-grade uranium
    • Extensive hydrothermal alteration confirms a robust, active fluid system
    • Uranium assays validate the mineralised system
  • Targeting & Exploration Potential: Multiple near-surface drill targets defined using geological data from 2023–2024 drilling and integrated airborne and ground geophysical datasets.
  • High-resolution airborne gravity surveys have successfully mapped basement-hosted alteration systems, identified intense gravity lows aligned with structural corridors and enhanced targeting confidence on the outer edge of the Athabasca Basin.

In 2025, Basin Energy addedtwo new claims to the Geikie uranium project, consisting of 22.3 sq km, bringing the total project area to 373.1 sq km. Mineral claims MC00022218 and MC00022219 are contiguous to the Preston Creek prospect, where 2024 drilling outlined a large-scale hydrothermal system within a complex structural corridor with uranium anomalism.

Scandinavia – Sweden and Finland

Basin has secured 100 percent ownership of multiple reservations and licences across Sweden and Finland, prospective for uranium and critical green energy metals. This portfolio targets shear-hosted and intrusive-related mineralisation and consists of five exploration licenses within Sweden and five reservations in Finland. In 2025, Basin Energy announced theapproval for the Trollberget project application located in Northern Sweden, between the Björkberget and Rävaberget projects within the Arvidsjaur-Arjeplog uranium district. The project added 116 sq km of exploration land, increasing Basin Energy’s total holding to 219 sq km within this highly prospective uranium and green energy metals district.

Exploration Updates: Virka & Björkberget

  • Structural Relogging Completed
    • Detailed relogging of 48 historical drillholes completed across the Virka and Björkberget projects.
    • Björkberget: Structural data now available for 28 priority holes; 137 samples submitted for multi-element analysis, with an additional 71 samples prepared for shipment.
    • Virka: All historical core relogged; samples are awaiting shipment for lab preparation.
    • Key mineralising structural trends identified in core, with associated alteration and mineral assemblages (pending results) to inform future drill targeting.
  • High-Grade Surface Results Confirmed
    Pulp re-analysis by fusion XRF of two surface samples initially above detection limits (>2.95 percent U₃O₈) confirmed exceptionally high uranium grades:
    • BJK004: >5.9 percent U₃O₈ from a granite boulder with visible yellow oxide staining at the base of an outcrop
    • BJK008: 5.4 percent U₃O₈ from a rhyolitic/fine-grained granite boulder with visible mineralisation and yellow oxide staining

These results reinforce the high-grade uranium potential of Basin’s Scandinavian portfolio and will directly guide the next phase of drill targeting.

Management Team

Blake Steele – Non-executive Chairman

Blake Steele is an experienced metals and mining industry executive and director with extensive knowledge across public companies and capital markets. He was formerly president and chief executive officer of Azarga Uranium (Azarga), a US-focused integrated uranium exploration and development company. He led Azarga into an advanced stage multi- asset business, which was ultimately acquired by enCore Energy (TSXV:EU) for C$200 million in February 2022.

Pete Moorhouse – Managing Director

Pete Moorhouse has 18 years of mining and exploration geology experience with extensive experience in the junior uranium sector, having spent over 10 years with ASX-listed uranium explorer and developer Alligator Energy (ASX:AGE). He holds significant competencies in evaluating, exploring, resource drilling and feasibility studies across many global uranium and resource projects.

Cory Belyk – Non-executive Director

Cory Belyk holds 30 years’ experience in exploration and mining operations, project evaluation, business development and extensive global uranium experience most recently employed by Cameco in the Athabasca Basin. He was a member of the exploration management team that discovered Fox Lake & West McArthur uranium deposits. Currently CEO/VP of Canadian Athabasca uranium explorer and project generator, CanAlaska (TSXV:CVV).

Matthew O’Kane – Non-Executive Director

Matgthew O’Kane is an experienced executive and company director with over 25 years’ experience in the mining and mineral exploration, commodities, and automotive sectors. He has held senior leadership roles in Australia, Asia and North America, in both developed and emerging markets, from start-up companies through to multinational corporations. He has served on the Board of mining and mineral exploration companies in Canada, Hong Kong and Australia. He was a member of the Board of Azarga Uranium from 2013 until its sale to Encore Energy in February of 2022. He is currently a director of two ASX listed exploration and development companies.

Ben Donovan – Company Secretary

Ben Donovan has over 22 years of experience in the provision of corporate advisory and company secretary services. He holds extensive experience in ASX listing rules compliance and corporate governance and has served as a Senior Adviser to the ASX for nearly 3 years Currently CoSec to several ASX listed resource companies including M3 Mining (ASX:M3M), Magnetic Resources (ASX:MAU) and Legacy Iron Ore (ASX:LCY).

Odile Maufrais – Exploration Manager

Odile Maufrais is an exploration geologist with over 14 years of experience and has an extensive understanding of the uranium exploration and mining industry, having worked at ORANO, one of the largest global uranium producers, for 12 years on various assignments in Canada, Niger, and France. Maufrais has significant Athabasca Basin-specific experience, being involved in over 15 greenfield and brownfield uranium exploration projects located throughout the Basin. Her most recent roles for ORANO comprised leading various uranium exploration campaigns and being an active member of the ORANO research and development team, which involved working on trialing and implementing cost-effective and streamlined drilling techniques within the Athabasca Basin. She also played a key role in the update of the National Instrument 43-101 compliant mineral resource estimate for the Midwest Main and Midwest A deposits. Maufrais holds a Master of Science from Montpellier II University, France.

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