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Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce that it’s Maiden drilling program at the La Union gold and silver Project in Sonora, Mexico, is progressing on track and on budget, with three of the five main targets now having some initial drilling and work continuing toward completion of the current program. This update follows the Company’s August 6, 2025 announcement marking the start of the program and August 19 and September 10 news releases chronicling the progress of the program.

Saf Dhillon, President and Chief Executive Officer, states: ‘The maiden drill program has been indicating consistency with past mining, and targets are progressing with positive exploration drilling so far. The drilling is intersecting more quartzite than expected which is favorable for fracture-controlled mineralization. The property Operator, Riverside operations team is handling the current exploration program working with the local rancher and the drilling company to efficiently complete the first phase of this exploration program.’

The first hole at the Union Mine target was drilled southeast beneath historic workings, cutting through the Clemente and Caborca formations-both key host units for past mining at Union as described in the filed NI 43-101 report on SEDAR+ by Questcorp Mining (https://www.sedarplus.ca/csa-party/records/document.html?id=48299afdea2a73385e0513ce830753e11ddf957ee61888b81d46e76fa281ac17).

The hole ended in the Caborca Formation, encountering the distinctive microconglomeratic carbonate unit that historically hosted mineralization at the bottom of the Union Mine. Samples from this hole have been delivered to Bureau Veritas in Hermosillo, Sonora, for gold fire assay, with pulps to be sent to Vancouver, Canada, for ICP-MS analysis with 4-acid digestion to determine silver, base metal, and multi-element values. This consistent analytical approach has been applied since the outset of the Union program to ensure comparability across results.

Drilling then moved to the northern part of the project, testing two target areas: the El Cobre Mine area and the North Union Mine area. Here, holes were oriented perpendicular to stratigraphy and toward interpreted feeder zones along pre-mineral fault structures, primarily within the Clemente Formation. Drilling in these areas has intersected more quartzite than initially modeled, with extensive hematitic oxides-an encouraging sign for potential gold mineralization, possibly linked to sulfides that have been oxidized through supergene weathering. Historic mining in the district targeted oxides only, leaving sulfide zones untested. Riverside plans to evaluate this potential beneath past workings across four target areas: Union Mine, El Cobre, North Union, and Famosa.

The program has now moved south to the Famosa target, where two initial holes are planned to test beneath and along strike from historic workings toward a steeply west-dipping, north-south-trending fault structure, as well as into host rocks on either side of this major structural feature. Famosa produced gold historically, with reported grades exceeding ½ oz/ton Au in archived records referenced in the NI 43-101 report. The Company is encouraged by the target’s potential and is eager to advance drilling here.

Once this initial campaign is completed, follow-up work will integrate assay results, ongoing surface programs, additional induced polarization (IP) surveys, and refined geological interpretations based on stratigraphy and structure observed in drilling. The greater-than-expected quartzite content in the Clemente Formation supports the evolving model of fracture- and quartz-pyrite veinlet-hosted gold mineralization, which will help sharpen targeting at the Union Project. Core from all drilling has been logged, saw-cut, and half-core samples sent for assay, with remaining halves retained for reference and cataloging.

The Company looks forward to completing the Famosa drilling, receiving the pending assay results, and providing further updates as this program progresses.

Figure 1. Geologic map with the tenure of the Union internal concession shown in pink. Manto and chimney type CRD targets are shown as red polygons. Riverside now controls all mineral tenures on this map. The drill program will focus on the Union Mine and areas north of the Union Mine with the initial drill work.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10197/267723_25b092fc440cbaba_001full.jpg

Figure 2. Cross section looking west with conceptual drill targets and schematic drillhole traces. Assays from Riverside’s sampling of rock dump materials from the two mine areas are labeled in black. Red areas are interpreted as manto and chimney target bodies that are now well defined and drill ready. Assays shown on figures 1 and 2 have been previously released and disclosed as summarized below the geochemical QA/QC and in published NI 43-101 Report that Questcorp published 2025 on SEDAR+.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10197/267723_25b092fc440cbaba_002full.jpg

Qualified Person & QA/QC:

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.

Rock samples from previous exploration programs discussed above at the Project were taken to the Bureau Veritas Laboratories in Hermosillo, Mexico for fire assaying for gold. The rejects remained with Bureau Veritas in Mexico while the pulps were transported to Bureau Veritas laboratory in Vancouver, BC, Canada for 45 element ICP/ES-MS analysis using 4-acid digestion methods. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Standards were randomly inserted into the sample stream prior to being sent to the laboratory.

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/267723

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Mali’s military government has approved a fresh round of mining agreements under its revised code.

On September 19, the country’s Council of Ministers ratified seven exploitation and exploration agreements.

According to Reuters, the deals cover some of Mali’s biggest gold operations, including Allied Gold’s (TSX:AAUC,NYSE:AAUC) Sadiola project, B2Gold’s (TSX:BTO,NYSE:BTG) Fekola mine, Resolute Mining’s (ASX:RSG,LSE:RSG) Syama site and Ganfeng Lithium’s (OTC Pink:GNENF,HKEX:1772) Bougouni lithium project.

The government said the agreements guarantee Mali a “non-reducible” stake in projects along with priority access to dividends, part of its drive to secure greater revenue from natural resources.

The approvals follow preliminary accords reached last year and reflect the provisions of the 2023 mining code, which lifted royalties to 10 percent from 6.5 percent and increased mandatory state and local ownership in mines to at least 35 percent from 20 percent. Companies such as Endeavour Mining (TSX:EDV,LSE:EDV,OTCQX:EDVMF) have already signed deals on those terms, while Allied Gold, B2Gold and Ganfeng Lithium have not release any statements.

Barrick Mining (TSX:ABX,NYSE:B), by contrast, has resisted the government’s demands and remains locked in a confrontation that has now spilled into courts and international arbitration.

Tensions escalated in November 2024, when Malian authorities arrested four of the company’s employees, including a regional manager, on allegations of money laundering, terrorism financing and tax violations.

A judge later granted bail set at 50 billion CFA francs (about US$90.3 million), but prosecutors appealed, keeping the employees in jail pending review by the Court of Appeal, Bloomberg reported. The arrests are widely seen as part of a protracted standoff over Barrick’s Loulo-Gounkoto complex, once the company’s largest African operation.

Mali has pressed for a larger share of profits under the new mining code, while Barrick has resisted altering its existing arrangements. The dispute intensified this year when government forces twice removed bullion directly from the site.

In January, officials seized 3 metric tons of gold and blocked exports, forcing Barrick to suspend operations.

In July, military helicopters again landed unannounced at Loulo-Gounkoto and took more than a metric ton of gold, worth over US$117 million at prevailing prices, without company consent. Barrick has described the seizures as illegal and launched proceedings at the International Center for Settlement of Investment Disputes. The company also disputes the legitimacy of a provisional administrator installed at Loulo-Gounkoto following a local court order in June.

Despite the tensions, Mali remains one of Africa’s top gold producers, with output from mines operated by foreign companies forming a backbone of state revenues.

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

This post appeared first on investingnews.com

Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce that it has been invited to Present on the Emerging Growth Conference Thursday September 25th, 2025.

Questcorp invites individual and institutional investors as well as advisors and analysts, to attend its real-time, interactive presentation on the Emerging Growth Conference.

The next Emerging Growth Conference is presenting on Thursday September 25th, 2025. This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company’s President, CEO and Founding Director in real time.

Mr. Dhillon will give a presentation and may subsequently open the floor for questions. Please submit your questions in advance to Questions@EmergingGrowth.com or ask your questions during the event and Mr. Dhillon will do his best to get through as many of them as possible.

Questcorp Mining Inc. will be presenting at 12:00PM Eastern time for 30 minutes.

Please register here to ensure you are able to attend the conference and receive any updates that are released.

https://goto.webcasts.com/starthere.jsp?ei=1717091&tp_key=c78a55764a&sti=qqcmf

If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on EmergingGrowth.com and on the Emerging Growth YouTube Channel, http://www.YouTube.com/EmergingGrowthConference. We will release a link to that after the event.

About the Emerging Growth Conference
The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in a time efficient manner.

The Conference focus and coverage includes companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long term growth. Its audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts.

All sessions will be conducted through video webcasts and will take place in the Eastern time zone.

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.

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/267524

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

The US Federal Reserve lowered its key interest rate for the first time in 2025 this week, while the Bank of Canada resumed cutting after pausing in March, providing a boost to growth-oriented sectors.

Tech stocks, particularly semiconductor and artificial intelligence (AI) companies, responded positively, reflecting investor optimism about a more supportive monetary environment for tech sector growth.

Fed Chair Jerome Powell cautioned that the cut was a risk-management move motivated by concerns over the labor market’s softness and persistent inflation risks, rather than a sign of strong economic confidence. He highlighted that downside risks to employment have increased, and that inflation remains above the Fed’s 2 percent goal.

Likewise, Bank of Canada Governor Tiff Macklem warned that broad-based tariffs and trade tensions pose structural risks to the Canadian economy. He emphasized that, unlike the pandemic bounceback, Canada will not see a quick economic rebound if tariffs persist, as they could permanently lower output and weaken growth across key sectors.

Nasdaq-100 performance, September 12 to 19, 2025.

Chart via Nasdaq.

Against that backdrop, the Nasdaq-100 (INDEXNASDAQ:NDX) put on a strong performance this week, closing at 24,626.25 on Friday (September 19), up 0.7 percent. The index saw momentum build toward the end of the week, supported by growth in technology and semiconductor stocks.

NVIDIA to take US$5 billion stake in Intel

While the Fed’s decision was a key factor for the tech sector this week, a landmark deal stole the spotlight.

A strategic partnership between NVIDIA (NASDAQ:NVDA) and Intel (NASDAQ:INTC) dominated the news cycle on Thursday (September 18), sending shockwaves through the semiconductor industry.

In a historic move, NVIDIA announced a US$5 billion investment in Intel as part of a new partnership. The companies will collaborate on custom data center and PC products, aiming to jointly develop custom CPUs and GPUs by integrating NVIDIA’s AI and accelerated computing technologies with Intel’s x86 platforms for data centers and personal computing.

The deal marks a major realignment in the chip industry focused on AI infrastructure innovation. Shares of both companies finished the week higher, with Intel notching a notable 21 percent increase.

Semiconductor exchange-traded funds (ETFs) also surged in response to the NVIDIA-Intel partnership announcement, with the iShares Semiconductor ETF (NASDAQ:SOXX) gaining 4.17 percent, the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) rising 3.93 percent and the VanEck Semiconductor ETF (NASDAQ:SMH) increasing 3.92 percent over the course of the week, reflecting strengthened investor confidence across the sector.

Semiconductor ETF performance, September 16 to 19, 2025.

Chart via Google Finance.

The Intel-NVIDIA collaboration comes after reports this week that China’s regulatory authority has instructed major tech firms like Alibaba (NYSE:BABA) and ByteDance to stop buying and cancel orders of NVIDIA’s AI chip designed for China. The news sent NVIDIA shares down early in the week, but the company ended the period flat.

The collaboration also helped provide a much-needed boost to Intel’s share price. The company has struggled with operational challenges and a difficult turnaround effort in the highly competitive semiconductor market.

In a direct reaction to the Intel-NVIDIA deal, shares of Advanced Micro Devices (NASDAQ:AMD) and Taiwan Semiconductor Manufacturing Company (NYSE:TSM) declined on Thursday.

The latter company recovered some of its losses on Friday.

Advanced Micro Devices and Taiwan Semiconductor Manufacturing Company performance, September 16 to 19, 2025.

Chart via Google Finance.

US and UK sign tech prosperity deal

In other tech news, the US and UK signed a memorandum of understanding on Friday, pledging to boost collaboration in science and tech. Called the Technology Prosperity Deal, the arrangement focuses on civil nuclear power, aiming for independence from Russian fuel by late 2028 and developing new tech like small modular reactors.

The agreement also establishes joint task forces for AI standards and security, as well as quantum computing breakthroughs, and explores civil maritime nuclear applications.

Tech news to watch next week

Next week, investors will have an eye on Micron Technology’s (NASDAQ:MU) fiscal Q4 results, scheduled to be released on September 23 after market close. Analysts are estimating revenue of around US$11.15 billion.

Accenture (NYSE:ACN), a professional services company, will also release its fiscal Q4 results next week on September 25, with revenue expected in the US$17 billion range.

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

This post appeared first on investingnews.com

Gold hit yet another new price record this week, rising past US$3,700 per ounce.

The yellow metal broke that level on Wednesday (September 16), the first day of the US Federal Reserve’s meeting, and then did it again the next day just after the gathering wrapped up.

The Fed was widely anticipated to cut interest rates, and that’s exactly what happened — it announced a 25 basis point reduction to the 4 to 4.25 percent range, with Chair Jerome Powell describing it to reporters as a ‘risk-management cut.’

Although inflation is still outside the Fed’s 2 percent target, Powell said the central bank has shifted its focus toward the jobs market due to a change in the balance of risks — in his view, it’s no longer possible to call the labor market ‘very solid.’

‘Labor demand has softened, and the recent pace of job creation appears to be running below the break-even rate needed to hold the unemployment rate constant.’ — Jerome Powell, US Federal Reserve

All Fed governors were in favor of the 25 basis point cut, with the exception of new addition Stephen Miran, who wanted to see a 50 basis point decline. Miran, who is on leave from his position at the White House Council of Economic Advisers, was confirmed by the Senate this week. He was selected by US President Donald Trump to replace Adriana Kugler.

Miran’s new role at the Fed has raised questions about the central bank’s independence, as Trump has now nominated three out of seven governors. Lisa Cook, who Trump attempted to fire in August, ultimately did not lose her position after a federal appeals court ruling.

Looking forward, the Fed’s latest dot plot shows policymakers expect two additional 25 basis point cuts this year, which would take rates to the 3.5 to 3.75 percent level.

In 2026, they are currently anticipating only one quarter-point reduction.

Going back to gold, it took a breather after passing US$3,700, sinking back down to the US$3,640 level after the Fed’s meeting. It was back at up at US$3,685 as of Friday (September 19) afternoon.

While that’s a fairly big move in a short amount of time, many experts agree that right now it’s the big picture that’s important for gold, not day-to-day factors.

Here’s how Will Rhind of GraniteShares explained it:

‘I think the main thing that’s driving gold, like I said, is this alternative to the dollar. People want an alternative to fiat money and particularly the dollar, and also to traditional stocks and bonds. And so gold’s appeal as being a genuine alternative, an uncorrelated alternative grows by the month, seemingly.’

Bullet briefing — Gold M&A heats up, GDX switches index

Newmont announces sale of Coffee

Denver Gold Group hosted its Mining Forum Americas in Colorado Springs this week, bringing together the gold sector’s major players — and with them a slew of news.

Among the major transactions announced was Newmont’s (TSX:NGT,NYSE:NEM,ASX:NEM) sale of its Yukon-based Coffee project to explorer Fuerte Metals (TSXV:FMT,OTCQB:FUEMF), formerly Atacama Copper, for total consideration of up to US$150 million.

The Coffee transaction is the latest in a series of divestments from Newmont, which is looking to cut costs and hone in on tier-one assets after buying Newcrest Mining in 2023. Once the deal goes through, Newmont will have sold all six operations and two projects it set out to trim.

‘The sale of the Coffee Project reflects our ongoing efforts to streamline the portfolio and sharpen our focus on core operations’ — Tom Palmer, Newmont

During the last gold bull market, major miners were criticized for doing high-priced deals and letting costs spiral out of control — this time, they appear to be taking steps to avoid that.

Alamos to divest Turkish subsidiary

Also divesting an asset this week was Alamos Gold (TSX:AGI,NYSE:AGI), which said it plans to sell its Turkish subsidiary to a unit of industrial conglomerate Nurol Holding.

The US$470 million agreement will take several assets off Alamos’ hands, including its Kirazlı gold project, which has been blocked since 2019, when its mining licenses were not renewed amid protests. Alamos filed a $1 billion claim against Turkey in response, but said arbitration will be suspended and ultimately discontinued if certain contractual milestones are met.

‘This transaction marks a positive outcome, allowing us to crystallize significant value for our Turkish assets, and utilize the proceeds to support the development of our portfolio of other high-return growth projects’ — John A. McCluskey, Alamos Gold

Zijin Gold plans IPO

Zijin Gold International, which operates all of Zijin Mining Group’s (OTC Pink:ZIJMF,HKEX:2899,SHA:601899) mines outside of China, is lining up a Hong Kong initial public offering (IPO) that could raise over US$3 billion.

Trading is set to begin on September 29, and the deal will value Zijin Gold at US$24.1 billion. According to Zijin Gold’s prospectus, it ranks ninth and eleventh globally in terms of gold reserves and production, respectively. The IPO is reportedly the world’s largest since May, and of course comes as gold continues on its record-setting price run.

GDX makes index switch

The VanEck Gold Miners ETF (ARCA:GDX), better known as GDX, began tracking a new index on Friday. It now follows the MarketVector Global Gold Miners Index.

VanEck announced the change at the beginning of June, saying that it would coincide with GDX’s regular index reconstitution and rebalance cycle. In an update this week, the company shared how the shift will impact weightings for its holdings. While in many cases the difference is less than a percentage point, there are some larger changes — for example, Newmont’s weighting is falling by 6.04 percent; in addition, some companies have been removed or added.

So far VanEck hasn’t announced changes for the VanEck Junior Gold Miners ETF (ARCA:GDXJ). Adjustments to that fund could be interesting — market participants often note that it doesn’t provide true exposure to exploration-stage companies.

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

This post appeared first on investingnews.com

Statistics Canada released July’s monthly mineral production survey on Friday (September 19). The data showed gold production increased month-over-month, while copper and silver declined; shipments, however, saw broad declines from June for all three metals.

Gold production increased significantly to 18,855 kilograms compared to 16,935 kilograms in June. Meanwhile, copper production fell to 37.99 million kilograms from 39.17 million kilograms in June, and silver production slipped to 25,345 kilograms from 28,390 kilograms.

As for shipments, gold shipments slid to 16,748 kilograms from 18,554, copper fell to 39.28 million kilograms from 45.96 million, and silver decreased to 26,397 kilograms from 31,181.

StatsCan released August’s consumer price index (CPI) data on Tuesday (September 16), the day before the Bank of Canada’s interest rate decision. The release showed that all-items inflation rose 1.9 percent on a yearly basis, up from the 1.7 percent recorded in July.

The agency attributed the faster growth in headline inflation in part to a slower year-over-year decline in gasoline prices, which fell 12.7 percent in August versus 16.1 percent in July, resulting in a less moderating effect on inflation than during the previous month.

StatsCan noted that without volatile gasoline prices included, CPI in August rose 2.4 percent year-over-year after registering a 2.5 percent increase in the three previous months.

The Bank of Canada chose to reduce its benchmark lending rate by 25 basis points to 2.5 percent on Wednesday (September 17), noting ‘a weaker economy and less upside risk to inflation.’ It marks the first cut since March, when it set the rate at 2.75 percent.

South of the border, the US Federal Reserve held its September meeting of the Federal Open Market Committee on Tuesday and Wednesday. The US central bank also chose to cut 25 basis points from the Federal Funds Rate, bringing it to the 4 percent to 4.25 percent range. It is the first change to the interest rate since the last 25 basis point cut in December 2024.

For more on what’s moving markets this week, check out our top market news roundup.

Markets and commodities react

Canadian equity markets were in positive territory this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) set another new record high this week, ending the week up 1.29 percent to 29,768.36. The S&P/TSX Venture Composite Index (INDEXTSI:JX) performed even better, climbing 2.65 percent to finish Friday at 904.80, its first close above 900 since January 2022. The CSE Composite Index (CSE:CSECOMP) also jumped, gaining 4.98 percent to end the week at 162.04.

The gold price was in focus again this week as it climbed to another new record, reaching an intraday high of US$3,707 per ounce on Wednesday ahead of the FOMC meeting. While the price retreated slightly to US$3,642 on Thursday, it ended the week up 1.15 percent overall at US$3,685.26 per ounce.

The silver price was also volatile, rising to US$42.83 per ounce early in the week before dipping below US$42 per ounce in mid-week trading. It bounced back to end the week on 14 year highs, gaining 2.11 percent to close Friday at US$43.08.

Copper saw its mid-week gains erased by the end of the week, closing Friday largely flat at US$4.63 per pound. The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) echoed those movements with a 0.06 percent gain to end the week at 545.95.

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.

Stocks data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps 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. Japan Gold (TSXV:JG)

Weekly gain: 119.05 percent
Market cap: C$50.3 million
Share price: C$0.23

Japan Gold is an exploration company focused on a portfolio of Japan-based gold assets.

Its most advanced property is the Mizobe gold project located in Southern Kyushu. The site hosts several exploration targets covering an area of 2 kilometers by 2.5 kilometers and has produced river float samples up to 18.9 g/t of gold.

The company is also working on a trio of projects with Barrick (TSX:ABX,NYSE:B), the most advanced of which is the Hakuryu project located in Northern Hokkaido. The company has identified several targets, including the Hakuryu No. 3 vein, which hosts a 360 meter main zone with a thickness of 20 meters.

Shares in Japan Gold gained significantly at the end of the week; however, the company has not released news since September 9, when it reported that it had mobilized for a four-hole, 1,600 meter drill program at Mizobe.

2. Minnova (TSXV:MCI)

Weekly gain: 110 percent
Market cap: C$21.06 million
Share price: C$0.21

Minnova is an exploration and development company advancing its brownfield PL gold mine in Manitoba, Canada.

The property consists of 28 mining claims and covers an area of 5,114 hectares. An April 2018 feasibility study for the project indicated project economics with an after-tax net present value of C$36.7 million, an internal rate of return of 53 percent and a payback period of 1.2 years, calculated at a gold price of US$1,250 per ounce.

The company has been working to restart the mine over the past few years, but faced funding shortfalls. Trading for Minnova was halted on August 6 as it worked to resolve financial issues to maintain its listing on the TSXV.

On September 11, the company announced that trading would resume on the TSXV alongside a corporate update. It disclosed that it had a working capital deficiency of C$544,611 and is planning a private placement to address the shortfall. Funds will also go towards ongoing activities at PL, including drilling, test work and updated NI 43-101 techno-economic studies.

Minnova also announced that it is advancing plans for preliminary open-pit and underground mine design and layout, and that work on a new mine development plan that takes into account higher gold prices is underway.

Shares in Minnova have surged since trading resumed earlier this week from their price of under C$0.10 before the halt.

3. Stamper Oil and Gas (TSXV:STMP)

Weekly gain: 98.26 percent
Market cap: C$16.02 million
Share price: C$0.018

Stamper Oil and Gas is an exploration and development company working to advance offshore projects in Namibia.

The company holds an interest in five exploration blocks in Namibia; its most significant holding is a 32.9 percent stake in PEL 107 located in the Orange Basin. PEL 107 covers an area of 5,484 square kilometers and is located 210 kilometers from shore in an area that hosts three multi-billion-barrel discoveries since 2022.

The company has been conducting seismic work ahead of the planned drilling of an exploration well set to commence in 2027.

Stamper completed the acquisition of its holdings in the Namibian blocks on September 10, when it reported it had closed its purchase of BISP Exploration, originally announced on May 12.

4. New Break Resources (CSE:NBRK)

Weekly gain: 93.33 percent
Market cap: C$17.03 million
Share price: C$0.29

New Break Resources is a gold exploration company working to advance its Moray gold project in Northeastern Ontario, Canada.

The property is located near Timmins, within the Abitibi Greenstone Belt, and spans an area of 10,326 hectares. Additionally, it is situated 32 kilometres northwest of Alamos Gold’s (TSX:AGI) Young-Davidson gold mine, which produced 174,000 ounces of gold in 2024.

On Wednesday, New Break announced results from its six-hole, 1,502-meter maiden diamond drilling program at the site. The company highlighted one assay with an average grade of 4.11 grams per metric ton (g/t) gold over 31.3 meters, including an interval of 6.75 g/t over 7.1 meters.

The prior week, the company closed the final tranche of an oversubscribed private placement. In total, the company raised proceeds of C$1 million over three tranches, which will be used for ongoing exploration at Moray and for general working capital purposes.

5. Clean Tech Vanadium Mining (TSXV:CTV)

Weekly gain: 91.67 percent
Market cap: C$15.77 million
Share price: C$0.115

CleanTech Vanadium is an exploration company working to advance several critical mineral projects in the US.

Its most recent focus has been on its Kentucky-Illinois fluorspar projects, which consist of over a dozen deposits covering over 8,150 acres along the border of Kentucky and Illinois. Mining in the region dates back to the late 1800s and has produced 12.5 million metric tons of fluorspar, according to the company.

CleanTech also owns the Gibellini vanadium project in Nevada, US. The project has been approved for multiple state permits and received a positive environmental impact statement from the Bureau of Land Management. According to the project page, the site covers 21 kilometers and hosts a measured and indicated vanadium oxide resource of 127 million pounds.

Additionally, the company announced on August 6 that it had acquired the El Triunfo gold-antimony project near La Paz, Bolivia, from Silver Elephant for cash considerations of C$155,000.

The most recent announcement from CleanTech came on Tuesday when it welcomed an additional US$1 billion in funding programs from the Department of Energy (DoE) that was announced on August 13. It also highlighted the continued inclusion of fluorspar, germanium, gallium, indium and vanadium on the US Geological Survey’s Critical Minerals list.

CleanTech stated that it intends to explore funding options with the DoE, with a focus on advancing its Illinois-Kentucky fluorspar district. The company noted that the Department of Defense is funding research at the nearby Hicks Dome rare earth and fluorspar project in Illinois.

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 May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 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

Here’s a quick recap of the crypto landscape for Wednesday (September 17) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$115,680, a one percent decrease in 24 hours. Its lowest valuation of the day was US$114,940, and its highest was US$116,225.

Bitcoin price performance, September 17, 2025.

Chart via TradingView.

The crypto markets showed immediate volatility following today’s US Federal Reserve interest rate decision, which was a widely anticipated 25 basis points, lowering the target range to 4 to 4.25 percent.

Bitcoin initially rose slightly above US$116,000, but then dropped below US$115,000 as traders digested Fed Chair Jerome Powell’s remarks. He noted that inflation risks are currently tilted to the upside, while employment risks are to the downside, posing a challenging situation for policy balance.

Ether (ETH) hovered near US$4,500, showing some cautious optimism against the macro backdrop. It was priced at US$4,519.07 at the closing bell, its highest valuation of the day and an increase of 0.6 percent over the past 24 hours. Its lowest valuation on Wednesday was US$4440.

Crypto derivatives analytics and market indicators

Total BTC Futures Open Interest was at 727.55K BTC, equivalent to US$84.19 billion, up by 1.15 percent over four hours and 0.04 percent over 24 hours. The perpetual funding rate for BTC was at 0.0057 percent, while the ETH funding rate stood at 0.0041 percent, indicating bullish market sentiment.

Liquidations reached US$143.67 million over the past four hours, with long positions representing the majority, signaling strong selling pressure that could push prices down.

BTC dominance stands at 55.8 percent.

ETF data

Institutional Bitcoin demand is now outpacing new issuance. Bitwise data shows that US spot Bitcoin exchange-traded fund (ETF) inflows far exceed new Bitcoin supply. Monday’s (September 15) Bitcoin ETF inflows were about US$260 million versus ETH’s US$360 million, followed by an uptick to US$292 million on Tuesday (September 16).

This seven day inflow streak (US$2.9 billion) is the largest since July, pushing total Bitcoin ETF assets to US$151.7 billion, or around 6.6 percent of Bitcoin’s market cap. Data shows that 97 percent of this surge came from US spot funds, pushing their combined holdings to a record 1.32 million BTC.

Fear and Greed Index snapshot

Sentiment gauges have cooled from recent highs.

CMC’s Crypto Fear & Greed Index currently stands around 51 (neutral), down from “greed” levels last week.

The neutral reading, which is up only slightly from 49 last week, shows that while neither bullish nor bearish sentiments are dominant, investors are still cautiously optimistic buoyed by ETF inflows and Fed hopes of favorable interest rates.

CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.

Chart via CoinMarketCap.

Altcoin price update

Altcoins continued to show strength midweek, with many outperforming Bitcoin.
  • Solana (SOL) was priced at US$238.66, an increase of 0.4 percent over the last 24 hours and its highest valuation of the day. Its lowest valuation on Wednesday was US$232.78.
  • XRP was trading for US$3.04, down by 0.4 percent in the past 24 hours. Its lowest valuation of the day was US$2.99, and its highest value was US$3.06.
  • SUI (Sui) was valued at US$3.68, trading at its highest valuation of the day and up by 1.3 percent over the past 24 hours. Its lowest price point today was US$3.54.
  • Cardano (ADA) was priced at US$0.8832, up by 1.3 percent over 24 hours to its highest value of the day. Its lowest valuation was US$0.8634.

Today’s crypto news to know

Bitcoin ETF inflows surge to highest level since July

Bitcoin exchange-traded products drew their largest weekly inflows since late July, according to K33 Research, as institutional investors piled back into the market.

Net inflows totaled 20,685 BTC, pushing US spot ETFs’ combined holdings to a record 1.32 million BTC.

Analysts say the fresh demand is outpacing new supply nearly nine times over, creating strong upward pressure on prices. Bitwise notes that this reallocation is coming at the expense of Ethereum, with capital flowing back into Bitcoin after months of mixed positioning. ETF inflows have become a critical driver of performance, with Bitwise data showing an unprecedented correlation between flows and price action.

With more than 22,000 BTC accumulated via funds in the last month, compared with just 14,000 newly mined, analysts see this as a bullish signal for the final quarter of the year.

Forward Industries files for US$4 billion ATM equity offering

Forward Industries (NASDAQ:FORD), a prominent Solana treasury company, has filed with the US Securities and Exchange Commission (SEC) to establish an at-the-market (ATM) equity offering program.

This initiative, announced on Wednesday, will be facilitated by Cantor Fitzgerald and will enable the company to incrementally sell up to US$4 billion of its common stock on the open market.

The company said it plans to use the net proceeds for general corporate purposes, including working capital, its Solana token strategy and acquiring income-generating assets.

Chairman of the Board, Kyle Samani, stated this offering provides a flexible mechanism to deploy capital for its Solana treasury strategy, scale its position, which already has over 6.8 million SOL purchased, strengthen its balance sheet and pursue growth initiatives.

Google, Coinbase partner for stablecoin payments in AI protocol

Google (NASDAQ:GOOGL) and Coinbase Global (NASDAQ:COIN) have joined forces to integrate stablecoin payments into AP2, a new open-source artificial intelligence (AI) payments protocol.

Developed in close collaboration with Coinbase, Google’s AP2 enables AI applications and agents to autonomously send and receive payments using both traditional methods and stablecoins. The AP2 system aims to establish a universal, secure, compliant, and flexible payment language for both legacy financial rails and emerging digital assets.

Ultimately, this will enable AI agents to conduct financial transactions in applications like personal shopping or financial advising, without human intervention, a significant step toward an AI economy powered by digital payments.

The initiative extends beyond Google and Coinbase, including the Ethereum Foundation and over 60 other companies from both the crypto and traditional finance sectors, such as Salesforce (NYSE:CRM), American Express (NYSE:AXP) and Etsy.

This partnership ensures the payment infrastructure supports stablecoins and integrates with Coinbase’s existing AI-driven crypto payment system, positioning Coinbase centrally in Google’s efforts to merge AI with digital money, capitalizing on the growing adoption and interest in stablecoins.

Bullish secures New York BitLicense

Bullish has secured a BitLicense from the New York State Department of Financial Services, a key regulatory approval allowing the company’s US entity to legally provide cryptocurrency spot trading and custody services to institutional clients and advanced traders in New York State. This regulatory milestone in New York, a major financial hub, is critical for Bullish’s full-scale launch and expansion in the US market. The company is one of a handful of crypto firms licensed under this rigorous state framework, joining firms like Gemini and Paxos.

The BitLicense will enable Bullish to offer regulated, institutional-grade digital asset services in New York, increasing access for hedge funds, asset managers, banks, and other institutional players.

CEO Tom Farley emphasized the company’s commitment to regulatory compliance and building trusted infrastructure. President Chris Tyrer highlighted that clear regulation drives responsible market evolution and institutional engagement.

Metaplanet expands to US with new Bitcoin income unit

Metaplanet (TSE:3350,OTCQX:MTPLF) has established a Miami-based subsidiary to oversee its Bitcoin income generation business, following the close of a US$1.44 billion global equity sale earlier this month.

The new arm, Metaplanet Income, received an initial US$15 million capital injection and will focus on derivatives trading and related yield strategies separate from the company’s core treasury holdings.

Upsized from an original plan of 180 million shares to 385 million due to strong demand, the offering raised ¥212.9 billion in gross proceeds. Funds are earmarked for further Bitcoin purchases through October as well as expansion of income products that have generated steady revenue since late 2024. Management says the new US subsidiary will not materially affect 2025 earnings but strengthens its long-term operational footprint.

Saudi Arabia doubles down on digital payments with Google and Ant

Saudi Arabia is accelerating its financial technology ambitions through new partnerships with Google Pay and Ant International, its central bank confirmed at the Money20/20 conference in Riyadh. Google Pay will now integrate with the country’s mada network, allowing cardholders to manage payments through Google Wallet.

Meanwhile, a collaboration with Ant International aims to enable cross-border QR code payments linking mada with Alipay+ by 2026. The push is expected to benefit small and mid-sized merchants.

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

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

This post appeared first on investingnews.com

Silver Hammer Mining Corp. (CSE: HAMR) (the ‘Company‘ or ‘Silver Hammer‘) is pleased to announce that, further to its news releases dated June 17, 2025 and August 5, 2025, it has closed the second and final tranche (the ‘Second Tranche‘) of its previously announced non-brokered private placement (the ‘Offering‘), issuing 26,864,491 units (the ‘Units‘) at a price of CDN$0.055 per Unit for gross proceeds of CDN$1,477,547.01. Together with the first tranche of the Offering, the Company has issued an aggregate of 32,890,909 Units and raised total gross proceeds of CDN$1,809,000 under the Offering.

‘The Company is pleased to be fully subscribed and close over CDN$1.8 million, and I am excited to continue to be a large shareholder in the Company by subscribing once again alongside our existing and new shareholders. We have had significant interest in the private placement, well above the funds raised, and truly appreciate the support in the market,’ commented Peter A. Ball, President & CEO. ‘It will be an exciting period going forward for the Company in this robust silver market, which is approaching $43 per ounce, and showing potential for additional upside in the sector for 2026 and beyond. The Company is positioned extremely well with the ability to explore its seven historical high-grade drill-ready silver mines in Idaho and Nevada within our three 100% owned silver projects, with no royalties, or cumbersome earn-in exploration agreements, or future payments required. It was a tough past twelve months, but the market is back and so is Silver Hammer!’

Each Unit consists of one common share in the capital of the Company (a ‘Share‘) and one transferable common share purchase warrant (a ‘Warrant‘). Each Warrant entitles the holder to acquire one additional Share at an exercise price of CDN$0.07 for a period of five years from the date of issuance.

The Second Tranche was completed in reliance on prospectus exemptions under National Instrument 45-106 – Prospectus Exemptions (‘NI 45-106‘), and, for greater certainty, did not include any portion completed under the listed issuer financing exemption set out in Part 5A of NI 45-106. All securities issued in connection with the Second Tranche are subject to a statutory hold period of four months, expiring on January 19, 2026, in accordance with applicable securities laws.

In connection with the Second Tranche, the Company paid finder’s fees consisting of CDN$44,679.40 in cash and issued 1,012,353 finder’s warrants (the ‘Finder’s Warrants‘) to eligible finders. Each Finder’s Warrant is exercisable to acquire one Share at an exercise price of CDN$0.07 for a period of 60 months from the date of issuance.

Certain directors and officers of the Company have purchased an aggregate of 2,952,310 Units under the Second Tranche. Their participation constituted a ‘related party transaction’ within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities issued to insiders nor the consideration paid exceeded 25% of the Company’s market capitalization.

The Company intends to use the proceeds from the Offering for exploration of its Silver Strand project in Idaho and its Eliza and Silverton projects in Nevada (see below), as well as for general working capital and corporate purposes.

Projects Overview:

Silverton Project, Nevada

Silver Hammer has identified several targets at its 100% owned Silverton Project in Nevada and currently has 13 drill targets identified. The Company’s technical team is currently ranking and prioritizing targets at Silverton with a view towards completing a Phase I drill program in the fall of 2025. Previous exploration work, including rock and soil sampling, geologic mapping and satellite imagery, provided evidence of two separate mineralized systems: silver rich and gold rich. The volcanic-hosted gold system highlighted grades ranging from 0.06 grams per tonne (‘g/t’) to 6.1 g/t gold (‘Au’). The silver dominated mineral system is hosted by silicified limestone with grades ranging from 0.32 g/t silver (‘Ag’) to 692 g/t Ag.

Silver Strand Project, Idaho

The Company plans to follow up on previous exploration results at its 100% owned Silver Strand Project in Idaho by executing an eight (8) hole exploration drill program via its Plan of Operations Permit, which was previously approved. The majority of surface samples collected across the property have returned gold and silver mineralization, and historical and recent drilling completed by Silver Hammer in 2021 and 2022, and by previous operators in 2002, highlight high-grade silver and gold mineralization below the lowest level (90 metres) of the mine. In addition, the Company has recently been approached by a local operator to review the project and to potentially mine the Silver Strand Mine for feed for their milling operation through a small miner exemption previously granted.

Highlighted historical drill results and drill results completed by Silver Hammer (2021/2022) (refer to the Company’s website for detailed disclosure):

Drill Hole # Au Grade (g/t) Ag Grade (g/t) Length (m)
DDH02-001: 9.76 24.50 2.20
DDH02-003: 10.20 199.06 3.30
DDH02-004: 10.90 522.00 1.50
SS21-003: 1.13 89.76 4.57
SS21-004: 5.17 18.07 1.24
SS21-005: 5.80 13.00 1.80
SS21-006: 1.29 80.85 7.93
SS21-007: 4.12 130.00 1.53
SS22-017: 2.90 Not Sig. 8.40
SS22-015: Not Sig. 613.00 0.50
SS22-018: 0.67 212.00 1.50
SS22-011: 2.00 115.00 0.70

*All reported intervals are downhole core lengths. Estimated true thickness’ range from 50% to 90% depending on the angle of the drillholes. Drill holes DDH02-001, DDH02-003 and DDH02-004 were drilled by previous owner, New Jersey Mining Company in 2002.

Eliza Project, Nevada

The Company plans to follow up on the significant previous exploration results at its 100% owned Eliza Project in Nevada. Results from rock chip and grab samples (from 2021 and 2022) confirmed the existence of a well-developed silver-rich mineral system, which also showed elevated enrichments in copper (Cu), lead (Pb) and zinc (Zn):

Sample ID No. Ag (g/t) Cu (%) Zn (%) Pb (%)
EZR007 1540 6.88 7.38 Not Sig.
EZR008 1410 5.40 2.60 9.05
PN662703 1290 Not Sig. Not Sig. Not Sig.
PN662717 1180 7.70 13.4 11.00
PN614025 450 4.89 15.00 9.04

The Company is currently fast tracking a property-wide Plan of Operations to submit to the USFS to ensure the project can be fully explored and advanced to a drill ready state on USFS ground, while also prioritizing exploration efforts for a 2026 drill program on patented ground within the Eliza Project area that encompasses the high-grade past-producing California Mine. The Company has completed a property-wide geophysical study, and ground truthing, including geologic mapping and structural analysis, to assist in finalizing the drill targets focused on the silver-rich mineral system mentioned above.

Qualified Person

Technical aspects of this press release have been reviewed and approved under the supervision of Philip Mulholland, P.Geo. Mr. Mulholland is a Qualified Person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Technical aspects above were also previously reported in a news release dated March 27, 2023. Please refer to the Company’s website at www.silverhammermining.com.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company focused on advancing past-producing high-grade silver projects in the United States. Silver Hammer controls 100% of seven previously producing silver mines which are located within the Silver Strand Project in the Coeur d’Alene Mining District in Idaho, USA, and within the Eliza Silver Project and the Silverton Silver Mine in Nevada. The Company also controls the Lacy Gold Project in British Columbia, Canada. Silver Hammer’s primary focus is to explore, define and develop silver projects near past-producing mines that have not been adequately tested. The Company’s portfolio also provides exposure to copper and gold.

On Behalf of the Board of Silver Hammer Mining Corp.

Peter A. Ball
President & CEO, Director
E: peter@silverhammermining.com

For investor relations inquiries, contact:

Peter A. Ball
President & CEO
778.344.4653
E: investors@silverhammermining.com

Forward-Looking Information

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information in this press release includes, without limitation, statements relating to the Offering, the intended use of proceeds from the Offering, and other statements which are subject to a number of conditions, as described elsewhere in this news release. These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks regarding the mining industry, commodity prices, market conditions, general economic factors, management’s ability to manage and to operate the business, and explore and develop the projects of the Company, and the equity markets generally. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance of the Company may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

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

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

Not for distribution to the U.S. newswire or for dissemination in the United States


Source

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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 CEO Robert Wares commented: ‘The growth potential of the Gaspé Copper deposit continues to be demonstrated with today’s new high-grade results. Holes 30-1106 and 30-1109 reveal the presence of a thick, higher grade tabular zone lying at depth around the E Zone horizon near the eastern margin of our 2024 MRE model. This tabular zone may extend significantly to the east if it correlates to historical drilling results. Our expansion drilling is exceeding expectations, hand-in-hand with the solid infill results on our main resource area.’

New analytical results are presented below (see Table 1), including 26 mineralized intercepts from six 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 30-1110
    • 1091.5 metres averaging 0.20% Cu (infill and expansion)
  • Drill hole 30-1109
    • 133.7 metres averaging 1.04% Cu (expansion)
  • Drill hole 30-1106
    • 159.1 metres averaging 0.45% Cu (expansion)
  • Drill hole 30-1103
    • 167.9 metres averaging 0.24% Cu (infill)
  • Drill hole 30-1108
    • 134.8 metres averaging 0.22% Cu (infill and expansion)
  • Drill hole 30-1111
    • 304.5 metres averaging 0.17% Cu (infill)
    • 206.3 metres averaging 0.33% Cu (expansion)

Table 1: Infill and Expansion Drilling Results

DDH No. From (m) To (m) Length (m) Cu % Ag g/t Mo % CuEq* Type**
30-1103 14.6 144.0 129.4 0.17 1.40 0.19 Infill
And 322.6 490.5 167.9 0.24 1.84 0.014 0.30 Infill
And 510.0 583.5 73.5 0.27 2.02 0.029 0.40 Expansion
And 618.0 714.0 96.0 0.12 1.09 0.024 0.20 Expansion
And 790.5 854.0 63.5 0.26 1.38 0.010 0.30 Expansion
30-1106 595.5 634.5 39.0 0.40 3.58 0.44 Infill
And 694.0 716.0 22.0 0.29 1.60 0.008 0.32 Expansion
And 741.0 802.5 61.5 0.18 0.97 0.014 0.23 Expansion
And 844.7 1003.8 159.1 0.45 1.95 0.011 0.50 Expansion
(including) 864.2 898.0 33.8 1.04 3.60 0.011 1.10 Expansion
30-1108 9.0 53.0 44.0 0.20 1.80 0.21 Infill
And 67.0 96.0 29.0 0.17 1.62 0.19 Infill
And 160.5 199.5 39.0 0.12 1.05 0.008 0.16 Infill
And 354.0 417.0 63.0 0.19 1.42 0.006 0.22 Infill
And 442.2 579.0 134.8 0.22 1.17 0.030 0.34 Both
And 662.7 695.8 33.1 0.22 0.75 0.021 0.31 Expansion
And 877.5 900.3 22.8 0.62 5.14 0.67 Expansion
30-1109 463.5 487.5 24.0 0.36 2.83 0.39 Infill
And 543.0 583.5 40.5 1.35 8.29 0.012 1.44 Infill
And 727.3 861.0 133.7 1.04 6.48 0.017 1.14 Expansion
30-1110 8.0 1099.5 1091.5 0.20 1.52 0.017 0.28 Both
(including) 8.0 743.6 735.6 0.20 1.50 0.015 0.27 Infill
(including) 743.6 1099.5 355.9 0.21 1.55 0.021 0.30 Expansion
And 1138.5 1177.5 39.0 0.12 0.90 0.014 0.17 Expansion
30-1111 28.5 333.0 304.5 0.17 0.80 0.007 0.20 Infill
And 391.5 602.5 210.5 0.16 0.78 0.028 0.27 Infill
And 634.7 682.5 47.8 0.13 1.06 0.008 0.16 Expansion
And 730.0 936.3 206.3 0.33 2.39 0.016 0.41 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 holes 30-1103 and 30-1108, both located near the western margin of the 2024 MRE model, cut multiple intersections of mineralized material, 20 to 168 metres thick, distributed in ‘layer cake’ fashion from surface to a vertical depth of 854 and 900 metres, respectively.

Drill hole 30-1106, located near the eastern margin of the 2024 MRE model, cut unmineralized material to a depth of about 600 metres, followed by four mineralized intervals to a vertical depth of 1004 metres. These include a higher-grade interval of 33.8 metres averaging 1.04% Cu and 3.60 g/t Ag located at the level of (and immediately below) the E Zone skarn horizon.

Drill hole 30-1109, also located near the eastern margin of the 2024 MRE model, cut unmineralized material to a depth of about 460 metres, followed by three mineralized intervals to a vertical depth of 860 metres. These also include a higher-grade interval of 133.7 metres averaging 1.04% Cu and 6.48 g/t Ag located in skarn and porcellanites above and below the E Zone skarn horizon.

Both 30-1106 and 30-1109 suggest potential for the presence of a higher-grade tabular deposit around the E Zone horizon that, when combined with historical drilling data, indicates a potential extension eastward towards the previously mined E-32 Zone over a lateral distance of 800 metres.

Drill hole 30-1110, located on top of Copper Mountain near the central part of the 2024 MRE model, intersected 1091.5 metres averaging 0.20% Cu, 1.52 g/t Ag, and 0.017% Mo (0.28% CuEq), including 735.6 metres averaging 0.20% Cu, 1.50 g/t Ag, and 0.015% Mo (infill) and 355.9 metres averaging 0.21% Cu, 1.55 g/t Ag, and 0.021% Mo (expansion), extending mineralization to a vertical depth of 1100 metres and again confirming continuity of mineralization in the core of the deposit.

Drill hole 30-1111, located immediately west of Copper Mountain near the southern lip of the pit, intersected 304.5 metres (from surface) averaging 0.17% Cu and 0.80 g/t Ag followed by three more intersections that included expansion at depth of 206.3 metres averaging 0.33% Cu, 2.39 g/t Ag, and 0.016% Mo, extending mineralization in this area to a vertical depth of 936 metres. The central porphyry intrusion was then intersected and returned 76 metres averaging negligible copper (0.08% Cu) but significant molybdenum (0.023% Mo).

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
30-1103 0.00 -90.00 930.0 316056.0 5426038.0 634.7
30-1106 0.00 -90.00 1131.0 316500.0 5426360.0 628.7
30-1108 0.00 -90.00 960.00 315900.0 5426136.0 638.9
30-1109 0.00 -90.00 861.00 316600.0 5426205.0 608.2
30-1110 0.00 -90.00 1200.00 316077.0 5426355.0 742.7
30-1111 0.00 -90.00 1014.00 315600.0 5426408.0 590.0

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, US$20.00/lb molybdenum, and US$24.00/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.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/1435bbf7-6580-47e7-9906-c67a832e9456

https://www.globenewswire.com/NewsRoom/AttachmentNg/ffb2d0f5-e4f4-4672-8e6e-e41e07fc2f68

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