fostering sustained momentum for Hong Kong’s economic and trade development
The Hong Kong Trade Development Council(HKTDC) welcomes the 2025-26 Budget announced this morning by the Financial Secretary of the Hong Kong Special Administrative Region (HKSAR), Paul Chan.
The Budget introduces a series of measures centred around technological innovation to empower industrial development and facilitate the continuous growth of SMEs and start-ups. The measures also help attract diverse sources of investment and promote mega events to comprehensively engage businesses, capital and talent. They also strive to accelerate development of the new quality productive forces to drive high-quality economic growth in Hong Kong.
HKTDC Chairman Dr Peter K N Lam believes that the series of measures in the Budget, including the injection of funds into the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) and the SME Export Marketing Fund, offers concrete support to SMEs amid a challenging economic evnrionment. The Budget also proposes measure that help consolidate Hong Kong’s advantages around its “eight centres” positioning boosting future growth and prosperity.
Dr Lam added: “The Budget mentions initiatives to strengthen assistance for local SMEs to explore the mainland market and increase e-commerce sales. This year, the HKTDC will launch the ‘E-commerce Express’ in collaboration with major e-commerce platforms and industry experts. Through a series of thematic training seminars and one-on-one advisory services, this initiative aims to enhance Hong Kong businesses’ understanding of mainland e-commerce and online platforms, offering comprehensive support for SMEs intending to expand into the mainland e-commerce market. The upcoming second edition of the Hong Kong Shopping Festival in August serves as the flagship event of this initiative, offering Hong Kong businesses hands-on experience using e-commerce platforms to explore the mainland market and enhance the visibility of their products and brands. The HKTDC will work closely with the Trade and Industry Department to enhance mentorship schemes, empowering Hong Kong businesses to effectively leverage mainland e-commerce and online platforms to promote their products.”
The Budget also proposes various measures to promote innovation and technology development, with increasing exposure for local tech products being an important component. The HKTDC will launch a thematic pop-up display area to its Hong Kong Design Gallery, as well as at exhibition venues during major exhibitions, to showcase local high-quality and innovative technology products to local and overseas buyers and consumers.
The HKTDC will closely collaborate with local education and research institutions to provide more physical product showcases and sales platforms for Hong Kong technology enterprises and start-ups. These partnerships will help Hong Kong research companies build their product brand image, while raising the visibility of Hong Kong brands among local and international buyers.
In strengthening Hong Kong’s role as a superconnector and super value-adder, the Budget mentions that the Financial Services and the Treasury Bureau, in collaboration with the Office for Attracting Strategic Enterprises (OASES) and the HKTDC, will host the inaugural Hong Kong Global Financial and Industry Summit this year. By leveraging Hong Kong’s financial strengths, the new Summit will further enhance international industrial cooperation to attract capital and businesses to Hong Kong. The HKTDC is also enhancing project connections and deal-making promotion at the Belt and Road Summit, focusing on green development and innovative technology, positioning Hong Kong as a commercial hub for Belt and Road.
The HKTDC will continue to closely cooperate with the HKSAR Government, actively promoting Hong Kong’s advantages to global markets, while attracting international financial and business leaders to explore global market opportunities through the Hong Kong platform.
The HKTDC will continue to enhance Hong Kong’s competitiveness and international connections. In the 2025-26 fiscal year, the HKTDC will focus on three main areas:
1.Reinforcing Hong Kong’s unique position as a resilient and connected global business hub, while strengthening its integration into national development as well as its role as a superconnector and super value-adder;
2.Fortifying Hong Kong’s competitiveness by embracing innovation and sustainable development to support the national new quality productive forces strategy, while seizing opportunities arising from global trends;
3.Building the next generation of connected and future-ready SMEs and start-ups, while fast-tracking SMEs’ digital transformation.
Media enquiries HKTDC’s Communications & Public Affairs Department: Agnes Wat Tel: (852) 2584 4554 Email: agnes.ky.wat@hktdc.org Sam Ho Tel: (852) 2584 4569 Email: sam.sy.ho@hktdc.org
About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on @hktdc and LinkedIn
Sevens Atelier Limited (the “Company” or “Sevens Atelier”, and together with its subsidiaries, the “Group”), one of the leading players in the Design and Build industry for landed properties, has announced its financial results for the twelve months (“FY 2024”) ended 31 December 2024.
In FY 2024, the Group marked a significant milestone by delivering a net profit of S$0.31 million, following a loss of S$4.05 million in FY 2023, despite a decrease in revenue from S$14.33 million in FY 2023 to S$9.10 million in FY 2024. This achievement comes as a direct result of management’s decisive actions to optimize costs, streamline operations, and improve financial discipline.
Gross profit margins grew from 15.4% to 19.6% year-on-year, signalling the success of focused restructuring and cost management efforts. In addition, administrative expenses reduced by almost 50%, setting the foundation for sustainable, long-term growth through operating a leaner and more efficient organisation.
The Group continues to grow its reputation as the preferred choice for customers as it has accumulated an order book amounting to S$12.36 million as at 31 December 2024, positioning the Company for stronger revenue streams in the coming year. Aligned with targets of enhancing project profitability, these contracts are expected to generate higher profit margins than in previous years, reflecting a shift towards a more sustainable and profitable business model, despite challenges such as cost inflation and rising competition.
Additionally, the Group’s focus on high-quality, Design and Build solutions for landed homes in Singapore continues to set it apart from competitors. For instance, the Group’s unique flagship experience centre enhances customer engagement, contributing to increasing demand and a growing pipeline of projects.
Looking ahead, the Group is actively exploring strategic growth opportunities through mergers and acquisitions (M&A) and expansion into new business segments and geographic markets. With a favourable macroeconomic outlook, including stabilizing market demand and positive expectations on further global interest rate adjustments, the Company is well-positioned to capitalize on emerging opportunities.
The Group Operation Director, Mr. Tang Yao Zhi commented, “Achieving our first full-year profit since changing to a Design and Build player is a testament to our unwavering commitment to financial prudence and operational efficiency. Looking ahead, we are looking ahead to executing our growing orderbook, which already exceeds FY2024’s revenue.”
About Sevens Atelier Limited (SGX:5EW)
Sevens Atelier is listed on the Catalist Board of the Singapore Exchange. The Company offers full-fledged consultancy services in the Design & Build industry, including pre-leasing consultations of business spaces and pre-purchase inspections of premium landed properties in Singapore. From consultation to completion, the Company provides turnkey services to its premium clients. Sevens Atelier is a BCA-certified solutions provider in the Design and Build arena with the goal to constantly improve and evolve. Its artisanal capabilities are a hallmark of its commitment to clients.
For all media queries, please contact: Tang Yao Zhi T: (+65) 8139 7777 E: yaozhi@sevensatelier.com
This press release has been reviewed by the Company’s sponsor, PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor”). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “Exchange“) and the Exchange assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.
The contact person for the Sponsor is Ms. Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.
Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the “Company” or “Doubleview”) is pleased to announce significant assay results from its 2024 drilling program at the Hat Polymetallic Deposit in northwestern British Columbia. The results from drill holes H078 and H079 include the most substantial intervals of high-grade copper and gold mineralization encountered at the Hat Project to date. Drill holes H081, H082, H083 and H085 provide more details of the East Lisle Zone, a shallow extension of the Main Lisle Zone. (Drill hole H084 was abandoned before it reached its target depth).
1-Central Lisle Zone Drill Results:
The recent drilling focused on the Central Lisle Zone, which is interpreted as a potential porphyry feeder zone. The intercepts demonstrate shallow mineralization horizons and provide further evidence of the Hat Deposit’s robust mineralization profile.
Drill Hole H078:
From 12 meters to 684 meters:672 meters averaging 0.29% Copper and 0.22 g/t Gold (0.50% CuEq – see note (a) for CuEq calculation).
Significant long intercepts include:
409 meters (from 92 meters to 501 meters) averaging 0.39% Copper and 0.28 g/t Gold (0.65% CuEq) including
107 meters (from 247 meters to 354 meters) averaging 1.00% Copper and 0.46 g/t Gold (1.42% CuEq), the highest-grade interval recorded at the Hat Project.
Drill Hole H079:
From 7 meters to 732 meters:725 meters averaging 0.29% Copper and 0.22 g/t Gold (0.44% CuEq) including
572 meters (from 150 meters to 722 meters) averaging 0.28% Copper and 0.25 g/t Gold (0.50% CuEq) and
213 meters (from 510 meters to 723 meters) averaging 0.59% Copper and 0.50 g/t Gold (1.00% CuEq) and
82 meters (from 600 meters to 682 meters) averaging 0.95% Copper and 0.79 g/t Gold (1.58% CuEq).
Drill Hole H080:
From 318 meters to 372 meters:54 meters averaging 0.30% Copper and 0.21 g/t Gold (0.50% CuEq), including:
22 meters (from 350 meters to 372 meters) averaging 0.54% Copper and 0.38 g/t Gold (0.91% CuEq).
Table 1: Summary of Significant Drill Intercepts
DDH
From (m)
To (m)
Length (m)
CuEq (%) Excl. Sc2O3
Cu (%)
Au (g/t)
Ag (g/t)
Co (g/t)
Sc (g/t)
H078
12.0
684.0
672.0
0.50
0.29
0.22
0.50
85
28.7
Incl.
92.0
501.0
409.0
0.65
0.39
0.28
0.66
104
26.2
Incl.
134.0
354.0
220.0
1.00
0.60
0.44
1.05
130
25.6
Incl.
247.0
354.0
107.0
1.42
1.00
0.46
1.61
141
24.1
H079
7.0
732.0
725.0
0.44
0.23
0.22
0.35
73
29.0
Incl.
150.0
722.0
572.0
0.50
0.28
0.25
0.34
68
28.8
Incl.
510.0
723.0
213.0
1.00
0.59
0.50
0.69
70
31.2
Incl.
600.0
722.0
122.0
1.34
0.79
0.69
1.03
73
30.6
Incl.
600.0
682.0
82.0
1.58
0.95
0.79
1.25
77
31.4
H080
114.0
444.0
330.0
0.28
0.15
0.12
0.16
82
28.3
Incl.
225.0
279.0
54.0
0.50
0.30
0.21
0.21
98
22.3
Incl.
225.0
247.0
22.0
0.91
0.54
0.38
0.35
169
26.1
Incl.
232.0
247.0
15.0
1.19
0.72
0.52
0.45
171
24.1
Please note: the intervals presented in this table are not true widths
Central Lisle Zone Drill Results Discussion:
The exceptional grades and intercepts reported from holes H078 and H079 confirm the high-grade nature of the mineralization within the Central Lisle Zone and suggest proximity to the core of the porphyry system, possibly representing the feeder zone. The intercepts display consistent copper, gold and strong cobalt values, as well as consistent scandium mineralization, reinforcing the Hat Deposit’s potential as a significant resource of strategic metals.
Figure 1: Section view of Central Lisle Zone based on 2024 Resource Block Model of the MRE with drill holes H078 and H079. [see note (b)]
“These are the most significant drill results we have ever reported from the Hat Project that is attracting attention from major players in the metals industry. The substantial copper and gold grades over considerable lengths indicate that we may be intersecting the core of the porphyry system. These results not only underscore the robust nature of the Hat Deposit but also enhance its potential to become a world-class polymetallic resource. We are excited about the conclusions of these findings and look forward to advancing the project with further drilling and exploration activities.”
2-East Lisle New Horizon:
The East Lisle Zone has revealed a promising new zone of mineralization beyond the conceptual pit shell proposed in MRE V1 [note (b)] and at depth, which is expected to be extended in the upcoming MRE V2 with new conceptual pit walls. All drill holes in this setting intersected strong copper and gold mineralization.
Table 2: Summary of Significant Drill Intercepts from East Lisle Zone
DDH
From (m)
To (m)
Length (m)
CuEq (%) Excl. Sc2O3
Cu (%)
Au (g/t)
Ag (g/t)
Co (g/t)
Sc (g/t)
H081
39.0
354.0
315.0
0.32
0.15
0.18
0.25
61
27.3
Incl.
108.0
327.0
219.0
0.40
0.20
0.22
0.29
70
28.0
Incl.
108.0
229.0
121.0
0.50
0.23
0.32
0.40
70
26.0
Incl.
108.0
142.2
34.2
1.13
0.50
0.81
1.08
52
24.3
Incl.
133.8
144.0
10.2
3.05
1.52
1.99
3.28
90
22.2
H082
69.0
483.0
414.0
0.33
0.22
0.11
0.39
62
28.2
Incl.
152.7
477.0
324.4
0.37
0.26
0.10
0.44
67
28.1
Incl.
258.0
476.0
218.0
0.50
0.37
0.13
0.61
75
28.5
Incl.
288.6
454.0
165.4
0.60
0.44
0.15
0.76
82
27.7
Incl.
347.9
463.0
115.1
0.62
0.50
0.11
0.92
78
27.0
Incl.
385.0
424.0
39.0
0.92
0.75
0.15
1.40
103
26.7
H083
115.9
327.0
211.1
0.38
0.20
0.20
0.26
64
26.3
Incl.
201.0
303.6
102.6
0.59
0.33
0.31
0.33
79
28.7
Incl.
204.0
263.0
59.0
0.85
0.50
0.41
0.50
102
29.3
Incl.
229.0
263.0
34.0
1.29
0.75
0.63
0.74
137
24.3
Incl.
229.0
249.0
20.0
1.76
1.03
0.87
1.03
160
24.6
H085
42.0
454.4
412.4
0.20
0.11
0.09
0.19
51
29.8
Incl.
307.0
464.0
157.0
0.33
0.21
0.12
0.29
62
31.1
Incl.
386.0
459.0
73.0
0.38
0.25
0.13
0.38
65
33.3
Incl.
441.4
459.0
17.7
0.70
0.45
0.28
0.63
87
27.1
Incl.
441.4
453.4
12.0
0.86
0.53
0.37
0.78
100
26.8
Note: Dill Hole H084 was abandoned.
Please note: the intervals presented in this table are not true widths
East Lisle Zone Drill Results Discussion: The results from the East Lisle Zone indicate a significant new zone of mineralization, suggesting potential extensions of the Hat Deposit to the east. The drill intercepts show consistent grades over substantial lengths, underscoring the prospectivity of this area and supporting further exploration.
Figure 2: Section view of Central Lisle Zone based on 2024 Resource Block Model of the MRE with drill holes H081, H082, H083, and H085. [see note (b)]
The Far Northwest Lisle Zone has produced encouraging results, revealing multiple intervals of copper, gold, and associated metals. These results suggest significant potential for mineralization in this area, further extending the scope of the Hat Polymetallic Deposit.
Table 3: Summary of Significant Drill Intercepts of the Far Northwest Lisle Zone
DDH
From (m)
To (m)
Length (m)
CuEq (%) Excl. Sc2O3
Cu (%)
Au (g/t)
Ag (g/t)
Co (g/t)
Sc (g/t)
H086
78.0
151.0
73.0
0.34
0.20
0.15
0.35
60
30.4
Incl.
96.8
150.0
53.2
0.42
0.25
0.19
0.42
54
30.5
Incl.
104.0
145.8
41.8
0.50
0.30
0.23
0.49
56
31.3
H087
140.3
156.0
15.8
0.31
0.24
0.03
1.28
65
26.1
Incl.
141.8
156.0
14.2
0.34
0.27
0.03
1.41
70
27.8
H088
82.0
124.0
42.0
0.34
0.20
0.10
1.18
113
30.2
Incl.
96.0
124.0
28.0
0.43
0.27
0.11
1.63
131
31.9
Incl.
246.0
318.0
72.0
0.32
0.20
0.10
0.94
76
29.9
Incl.
273.0
289.0
16.0
0.75
0.50
0.20
2.45
167
26.2
H089
117.0
204.0
87.0
0.18
0.10
0.06
0.58
53
33.7
Incl.
316.0
324.0
8.0
0.35
0.20
0.11
0.77
129
18.8
Please note: the intervals presented in this table are not true widths
Notes:
(a)Copper Equivalent (CuEq) currently does not include the Scandium
Metal equivalents should not be relied upon for future evaluations. – Drill hole intercepts included in this news release are core lengths that may or may not be true widths of mineralization. It is not possible to determine true widths. –
Parameters used to calculate Copper Equivalent: Au price (US$/oz): 1900; Ag price (US$/oz): 24; Cu price (US$/lb): 4; Co price (US$/lb): 22. Au recovery: 89.0%; Ag recovery: 68.0%; Cu recovery: 84.0%; Co recovery: 78.0%. Copper Equivalent Calculation CuEq in % = ([Ag grade in ppm] *24*0.68/31.1035 + [Au grade in ppm] *1900*.89/31.1035 + 0.0001* [Co grade in ppm] *22*0.78*22.0462 + 0.0001* [Cu grade in ppm] *4*0.84*22.0462)/(4*22.0462*0.84).
(b)For further details, please refer to the Company’s July 25, 2024 news release of the MRE.
(c)Drill holes are projected onto the sections of this news release.
Table 4. Details of Location and direction of drill holes discussed in this release:
Hat Project drill cores are processed at Doubleview’s camp where they are photographed, measured and logged by our technical staff and then divided using a diamond bladed saw. One half is placed in a stout bag to form the assay sample that is forwarded securely to the independent analytical lab. The remaining half core is stored on site where it is available for further examination and sampling. The assay cores are subject to a Chain of Custody routine as they are shipped from camp to a bonded carrier for delivery to the lab.
Core samples are analysed at the North Vancouver facility of ALS Canada Ltd. using their PREP-31, PGM-ICP24, ME-MS61, and ME-ICP06 packages. Each core sample is dried, then crushed to 70% passing a 2mm screen. All material is processed in an automatic Riffle splitter to yield a 250g homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron screen. All samples are analyzed for Au, Pt, Pd by 50g fire-assay fusion/ICP-ES finish, using PGM-ICP24 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 48 elements. Over limit elements are analyzed by Ore Grade Four Acid digestion/ICP-ES finish using ME-OG62 assay package. All of Doubleview’s core samples are analyzed or assayed at independent ISO 17025 and ISO 9001- certified laboratories.
When initial assays are received and accepted by our staff, a certain fraction of the samples will be sent to a second ISO-certified lab for check assay and verification purposes. Assays will be reported in News Releases.
Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.
About Doubleview Gold Corp
A mineral resource exploration and development company is headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (WKN: LA1W038) and (FSE: 1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals-utilizing cutting-edge exploration techniques.
Doubleview’s success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company’s strategic initiatives. Doubleview looks forward to further collaborative growth and development, and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.
About the Hat Polymetallic Deposit
The Hat Deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold, cobalt, and the potential for scandium. As one of the region’s significant sources of critical minerals, the Hat deposit has undergone targeted exploration and development. The 0.2% CuEq cut-off resource estimate, as of the recently completed Mineral Resource Estimate and the Company’s July 25, 2024, news release, is summarized below:
Open Pit Model Hat
Resource Category
Average Grade
Metal Content
Tonnage
CuEq
Cu
Co
Au
Ag
CuEq
Cu
Co
Au
Ag
Mt
%
%
%
g/t
g/t
million lb
million lb
million lb
thousand oz
thousand oz
In Pit
Indicated
150
0.408
0.221
0.008
0.19
0.42
1,353
733
28
929
2,045
Inferred
477
0.344
0.185
0.009
0.15
0.49
3,619
1,945
91
2,328
7,575
Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.
For further details of the MRE, please refer to the Company’s July 25, 2024 news release.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Doubleview Gold Corp Vancouver, BC Farshad Shirvani President & CEO
NEITHER 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.
Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
Sonim Technologies (NASDAQ: SONM), a U.S.-based leader in rugged mobile solutions, today introduced the Sonim XP Pro Thermal 5G smartphone, the latest addition to its flagship XP Pro series. This professional rugged solution blends 5G connectivity, integrated thermal imaging, and exceptional durability into a sleek design that empowers professionals to work smarter, faster, and more efficiently-no matter the challenge or environment.
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Experience it at Mobile World Congress
Visit Sonim and Teledyne FLIR at Mobile World Congress, Hall 7 stand 7B6, for a firsthand look at the XP Pro Thermal. Discover how Sonim is shaping the future of rugged technology-redefining what is possible for professionals in every industry.
Sonim is a registered trademark of Sonim Technologies, Inc.
Snapdragon is a trademark or registered trademark of Qualcomm Incorporated. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.
FLIR and MSX are registered trademarks of Teledyne FLIR, LLC.
Android is a trademark of Google LLC.
1External storage sold separately.
2The thermal imaging functionality is powered by Teledyne FLIR® OEM technology. Performance may vary based on environmental conditions and object emissivity.
3Battery life varies significantly with settings, usage and other factors.
4As of the time of the publication of this press release MIL-STD-810H, IP68, and IPX9K certifications for the XP Pro Thermal are currently undergoing testing in a third-party lab and are expected to meet these standards upon completion. Final certification results may vary, and users are encouraged to verify the latest updates prior to purchase. Water and dust resistance are not permanent and may decrease with normal wear. Do not charge the device when wet.
*The XP Pro Thermal is designed to operate on select carrier networks. Network compatibility and availability depend on carrier certification and local regulations. Please check with your service provider for details; Wireless connectivity, including 5G, Wi-Fi, and Bluetooth performance, may vary depending on regional availability, carrier support, and network conditions.
**Features and specifications are subject to change without notice. Availability may vary by region.
About Sonim Technologies
Sonim Technologies is a leading U.S. provider of ultra-rugged and rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users that demand more durability in their work and everyday lives. Trusted by first responders, government, and Fortune 500 customers since 1999, we currently sell our ruggedized mobility solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit www.sonimtech.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to, among other things, the the timeline of new products. These forward-looking statements are based on Sonim’s current expectations, estimates and projections about its business and industry, management’s beliefs and certain assumptions made by Sonim, all of which are subject to change. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “achieve,” “aim,” “ambitions,” “anticipate,” “believe,” “committed,” “continue,” “could,” “designed,” “estimate,” “expect,” “forecast,” “future,” “goals,” “grow,” “guidance,” “intend,” “likely,” “may,” “milestone,” “objective,” “on track,” “opportunity,” “outlook,” “pending,” “plan,” “poised,” “position,” “possible,” “potential,” “predict,” “progress,” “promises,” “roadmap,” “seek,” “should,” “strive,” “targets,” “to be,” “upcoming,” “will,” “would,” and variations of such words and similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include, but are not limited to, the following: the availability of cash on hand; potential material delays in realizing projected timelines for Sonim’s products; the current interest and potential attempt of a hostile takeover from a third party may divert the management attention from Sonim’s business and may require significant expenses; Sonim’s susceptibility to supply chain disruptions; a potential strain on Sonim’s resources as a result of rapid customer ramp-up and significant increases in demand; Sonim’s material dependence on its relationship with a small number of customers who account for a significant portion of Sonim’s revenue; risks related to Sonim’s ability to comply with the continued listing standards of the Nasdaq Stock Market and the potential delisting of Sonim’s common stock; Sonim’s ability to continue to develop solutions to address user needs effectively, including its next-generation products; Sonim’s reliance on third-party contract manufacturers and partners; Sonim’s ability to stay ahead of the competition; Sonim’s ongoing transformation of its business; the variation of Sonim’s quarterly results; the lengthy customization and certification processes for Sonim’s wireless carries customers; various economic, political, environmental, social, and market events beyond Sonim’s control, as well as the other risk factors described under “Risk Factors” included in Sonim’s most recent Annual Report on Form 10-K and any subsequent quarterly filings on Form 10-Q filed with the Securities and Exchange Commission (available at www.sec.gov). Sonim cautions you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Sonim assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.
Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company”) is pleased to announce the results of the multi-year performance testing of G® Lubricant, a transformative graphene liquid concentrate additive designed to enhance the performance of diesel and gasoline (petrol) engines. This product has the potential to reshape the future of the global liquid fuels industry and offers an innovative solution that optimizes efficiency and power for stationary or mobile engines.
GMG is in the process of preparing packaging and marketing materials for G® Lubricant, and expects to begin a direct marketing campaign, targeting fleet owners and initially commencing in Australia and then expanding into other markets from April 2025 onwards.
G® Lubricant, a graphene liquid concentrate that can be added to any mineral or synthetic oil used in an internal combustion engine, has been shown to increase fuel efficiency by up to 8.4% in a diesel engine. The amount of graphene in the final lubricant once G® Lubricant is mixed in is only ~ 1:10,000, with the balance of the concentrate consisting of lubricating base oil. As a result, G® Lubricant can be used safely in any internal combustion engine. Over the past four years, GMG has conducted environmentally controlled testing of G® Lubricant in internal combustion engines monitored and verified by The University of Queensland. GMG’s test results have been corroborated by similar savings realized by customers over a number of years of field testing.
Figure 1 below shows the high level fuel efficiency improvement provided by the G® Lubricant additive, while Figure 8 provides the detailed fuel testing parameters.
Figure 1: Diesel Engine Fuel Efficiency Improvement provided by G Lubricant
The data shows a clear increase in fuel efficiency performance from G® Lubricant when the load is increased on the engine. High loads for truck diesel engines are usually seen when the truck starts to move, and then at high speeds when encountering wind resistance. Usually stationary diesel engines for power generation operate at high load.
Figure 2 shows the potential savings for the main types of diesel engine commercial vehicles in use in Australia – with average vehicle data sourced from the Australian Bureau of Statistics[1] (ABS).
Figure 2: Potential Cost Savings per Vehicle Type provided by G Lubricant
Exceptional Performance Confirmed by University of Queensland
GMG’s Managing Director and CEO, Craig Nicol, commented: “G® Lubricant has taken over 4 years of advanced product testing and is transformational for energy efficiency and emissions reduction for the liquid fuels industry – it is the culmination of decades of lubricants, engines, energy markets and graphene knowledge which is inherent in the GMG business. The next challenge to commercialise this product awaits – which we are eagerly preparing for.”
GMG’s Chairman and Director, Jack Perkowski, commented: “G® Lubricant’s performance, which demonstrates an 8.4% improvement in fuel efficiency using only a very small amount of graphene in an easy to use graphene concentrate, is a ‘Category Creator’ that has the potential to redefine the multi trillion dollar liquid fuels market. The fact that only 1% of G® Lubricant is needed to achieve such savings provides a very attractive value proposition for fleet owners.”
Whilst G® Lubricant can be used to reduce fuel consumption in both diesel and gasoline/petrol engines GMG intends to focus on the diesel market initially, which is largely B2B focused, and therefore, more targeted as far as fuel cost savings and performance. GMG calculates that global diesel fuel sales totalled US$1.4 Trillion per annum[2] including taxes and duties on approximately 28 million barrels of diesel per day as detailed by the EIA2. Figure 3 shows the top 34 countries in the world with diesel fuel sales greater than US$10 Billion per annum.
Estimated US$ 1.2 Billion Per Annum Global Diesel Market For G® Lubricant
Assuming an average fuel savings of 8.4%, GMG believes that a conservative estimate of the potential market for G® Lubricant is 10% of the fuel savings realized by users annually. Assuming G® Lubricant pricing equal to 10% of the savings realized, GMG estimates that the potential global revenue for G® Lubricant is US$ 1.2 Billion sales per annum. Figure 4 shows GMG’s estimates of potential annual sales of G® Lubricant by country.
Detailed Equipment and Process for Testing G® Lubricant
The following describes the equipment used and the process followed by the Company in demonstrating the fuel saving demonstration of the G® Lubricant in the diesel engine generator:
A 30kVA (24 kW) Cummins diesel engine generator (with 14,784 hours of run time) as seen in Figure 5 and described in Figure 6 was purchased and setup in the GMG Richlands warehouse.
The generator was connected to a 40 kW power load bank which consumed the energy produced by the generator and created the load and a 500 litre self-contained fuel tank.
Two calibrated flow sensors were connected (inflow and return/outflow) to the fuel lines and to a data logger which recorded the fuel consumption.
An Energy Analyzer was used to log and track energy produced by the generator.
Tests were conducted on loads of 40%, 60% and 80% loads of the 40 kW power load bank – 12, 18, 24 kw respectively.
A baseline to record diesel fuel consumption under normal engine oil and operating conditions was completed with newly changed recommended premium diesel engine oil and a new oil filter. This oil change was carried out by a professional engine maintenance service company.
The engine was run at the different loads (40%, 60% and 80%) and the baseline and G® Lubricant data set used for the analytics is when the maximum ambient temperature for the day was less than 33 degrees Celsius and relative humidity was between 50% and 80% with no rain. Fuel consumption for diesel engines changes when operating in rain or very high humidity or temperatures, so the fuel consumption data baseline and G® Lubricant engine oil additive performance testing were excluded for these times.
Only steady state data was used and so any variance or anomalous data seen in either baseline or G® Lubricant datasets were removed from the analytics. Data sets were grouped into minute blocks.
Once the baseline fuel tests were completed, the engine oil was drained and the oil filters were replaced. G-Lubricant with approximately 1:100 concentration was mixed at approximately 1% ratio by weight with a new batch of the same premium recommended engine oil and added to the generator engine. The end ratio of GMG’s Graphene to the diesel engine oil was approximately 1:10,000 by weight. The oil change was carried out by the same professional engine maintenance service company.
G® Lubricant Packaging
G® Lubricant is currently sold by GMG in different small pack sizes, a 500 ml pack is shown in Figure 5 which can be diluted into 50 litres of engine oil to provide improved engine performance. GMG intends to direct market the product to its targeted markets through various pack sizes for direct and bulk use.
Figure 5: G® Lubricant 500 ml pack (which can be used to dose 50 litres of engine oil)
As seen in Figure 9, G® Lubricant GMG improves fuel efficiency by creating less friction in the boundary layer lubrication of the pistons inside the cylinder block of the engine. It is widely accepted that approximately 30% of the fuel is used in an engine to overcome internal friction, and that approximately 60% of the engine friction is in the piston area. Graphene has also been seen to prevent wear and also fill in wear scars of an engine, helping to improve piston sealing.
Figure 9: G® Lubricant is believed to reduce friction in the engine pistons.
GMG submitted a patent application on the G® Lubricant product as soon as it was possible, and this is progressing through the usual process to be approved for the main target markets.
About GMG:
GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications.
The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.
In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”). GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium-ion batteries.
GMG’s 4 critical business objectives are:
Produce Graphene and improve/scale cell production processes
Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, the potential of G Lubricant to optimize efficiency and power for stationary or mobile engines, the potential of G Lubricant to reshape the future of the global liquid fuels industry, GMG’s intention to commercialise and market G Lubricant, the progress of the Company’s patent applications, the potential market for G Lubricant and the potential revenue available for G Lubricant.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation that G Lubricant has the potential to optimize efficiency and power for stationary or mobile engines, that G Lubricant has the potential to reshape the future of the global liquid fuels industry, that GMG will commercialize and market G Lubricant, that the Company’s patent applications will progress as anticipated, and that the potential market and revenue available for G Lubricant will be as currently forecasted. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that G Lubricant will not offer an innovative solution that optimizes efficiency and power for stationary or mobile engines, that G Lubricant will not reshape the future of the global liquid fuels industry, that GMG will commercialize and market G Lubricant as anticipated, that the Company’s patent applications will not progress as currently anticipated, that the potential market and revenue available for the G Lubricant product is not as currently calculated, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 3, 2024 available for review on the Company’s profile at www.sedarplus.ca.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
Multiple High-Grade Veins Encountered in Corridor Bridging the Southern Portion of a 1-kilometre Gap Between the DPB and the NW Step Out Area with Additional Resource Expansion Program Drilling Planned
RESOURCE EXPANSION PROGRAM HIGHLIGHTS:
TXC25-123 returned assays up to 23.47 g/t Au and 2,223 g/t Ag for 4,335 g/t AgEq over 0.31 metres within a 3.05 metre zone grading 225 g/t Ag and 2.41 g/t Au for 442 g/t AgEq;
TXC24-113 yielded 7.14 g/t Au and 614 g/t Ag for 1,257 g/t AgEq over 0.31 metres, and 1.68 metres of 364 g/t Ag and 0.03 g/t Au for 367 g/t AgEq;
TXC25-124 returned 8.06 metres grading 1.23 g/t Au and 122 g/t Ag for 233 g/t AgEq, including 0.76 metres of 779 g/t Ag and 7.85 g/t Au for 1,486 g/t AgEq;
Multiple high-grade vein intercepts in drillholes TXC24-113, TXC25-123 and TXC25-124 returning multi-kilogram AgEq assays;
The NW Step Out target shows potential to add an additional 30 to 50% of new resource to Tonopah West, allowing for the capture and inclusion of the NW resource (1.0M tonnes containing an inferred 6.4M ozs Ag and 63k ozs Au or 12.1M ozs AgEq)1 into a future updated preliminary economic assessment on Tonopah West; and
Seven additional core holes are planned to reduce the spacing to 50-metre drill centres along a 450 metre portion of the trend
Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) (FSE: AHZ0) (“Blackrock” or the “Company“) announces the first set of results from its exploration drill program (the “Resource Expansion Program“) that is targeting expansion potential across a one kilometre trend of vein corridor linking the Denver-Paymaster (“DP“) and Bermuda -Merten (“Bermuda) vein groups (collectively “DPB“) and the Northwest (“NW“) Step Out resource areas on its 100% owned Tonopah West project (“Tonopah West“) located in Nye and Esmeralda Counties, Nevada, United States.
The first assays from the Resource Expansion Program targeting the extension of the Tonopah West vein system returned results that confirm the Company’s geologic model and will be followed up on over the coming months in an expanded program. The initial Resource Expansion Program consisted of nine core holes with reverse circulation (RC) pre-collars and two core holes drilled from the surface. A total of 6,548 metres (21,484 feet) of drilling was completed.
The assay results show the extension of the silver and gold system continues to the northwest from the DPB resource area across the 1-kilometre vein corridor with each drillhole intersecting multiple mineralized quartz veins. A follow-up drill program is being planned that will reduce the drill spacing for over 450-metres of strike to 50 to 75-metre centers along the silver-gold trend that will be included in a future updated resource estimate. The NW Step Out zone is also open to the northwest and down dip, and connection with the DPB resource looks promising.
The mineralized quartz veins returned significant gold and silver values with gold (Au) up to 23.467 grams per tonne (g/t) Au and silver (Ag) values at 2,223 g/t Ag. In addition, drill thickness shows significant potential with vein intercepts exceeding 8 metres in TXC25-124. The NW Step Out target shows potential to add an additional 30 to 50% of new resource Tonopah West, connecting the zone to DPB, allowing for the capture and inclusion of the existing NW resource (1.0 million (M) tonnes containing an inferred 6.4 M ounces (ozs) Ag and 63k ozs Au or 12.1M ozs silver equivalent (AgEq))1 into a future updated preliminary economic assessment on Tonopah West.
Andrew Pollard, the Company’s President and Chief Executive Officer stated: “Initial assay results from our Resource Expansion Program have validated our geologic model, confirming multiple +1k g/t AgEq intercepts on the extension of the system across a host of veins over a 500-metre span of our one-kilometre gap. These results strengthen our confidence in adding both significant ounces and mine life at Tonopah West. Drilling has successfully connected high-grade mineralization within the southern portion of a one-kilometer gap within the vein corridor, linking the DPB resource area and mine plan to the 12-million-ounce AgEq NW Step Out deposit-excluded from our 2024 preliminary economic assessment. Initial results have successfully traced mineralized structures along a 500-metre extension of this zone, suggesting the potential to increase our existing mineral inventory by 30% to 50% and integrate the orphaned NW Step Out deposit. With our model becoming more robust, we are increasing expansion drilling with the goal of fully integrating the one-kilometre trend into our next preliminary economic assessment on Tonopah West, with an updated mineral resource estimate on Tonopah West planned in both Q3, 2025, in addition to a further updated mineral resource estimate and preliminary economic assessment on Tonopah West scheduled for completion in Q2 2026.”
Table 1: Tonopah West Assay Intercepts using 150 g/t AgEq cut off
Drillhole ID
Program
From (m)
To (m)
Drillhole Interval (m)
Ag g/t
Au g/t
AgEq g/t
TXC24-113
Expansion
478.08
478.39
0.31
614.0
7.140
1,256.7
TXC24-113
Expansion
503.13
504.66
1.52
116.8
0.904
198.2
TXC24-113
Expansion
538.43
540.11
1.68
364.0
0.033
367.0
TXC24-114
Expansion
394.08
395.63
1.55
93.9
1.553
233.7
Including
394.08
394.41
0.34
288.0
5.270
762.4
TXC25-123
Expansion
436.87
437.54
0.67
182.0
1.690
334.1
TXC25-123
Expansion
471.83
474.88
3.05
225.4
2.412
442.5
Including
471.83
472.14
0.31
2,223.0
23.467
4,335.3
TXC25-124
Expansion
370.03
378.62
8.60
121.6
1.233
232.6
Including
371.55
372.31
0.76
778.6
7.854
1,485.6
TXC25-124
Expansion
407.40
410.26
2.87
176.8
1.785
337.5
Including
407.40
407.76
0.37
1,344.0
13.500
2,559.2
AgEq gpt=(Au gpt*90)+Ag gpt; True thickness unknown at this time; NSV=No values above cut off; Cut-off grade is 150 gpt AgEq; RC/Core = RC pre-collar with core tail; Core is core from the surface.
Drillholes TXC24-106, -109, -110, and -111, drilled on the northern portion of the trend were too far east to reach the mineralized structures. Drillhole TXC24-108 cut multiple veins, but returned values below the cut-off grade (0.31 metres grading 117 g/t Ag, 0.165 g/t Au for 132 g/t AgEq; 0.67 metres grading 73 g/t Ag, 0.263 g/t Au for 96 g/t AgEq; and 0.64 metres yielding 50 g/t Ag, 0.24 g/t Au for 72 g/t AgEq starting at 578m, 590m and 631m respectively). TXC24-112 was drilled in a northwesterly direction and deviated to the northwest thereby paralleling the main structural grain. One drillhole, TXC24-107, which was cored from surface was lost before reaching the target depth.
With drillholes TXC24-113, -114 and TXC25-123 and -124 cutting multiple high-grade veins, the exploration group has a better understanding of the geometry of the NW Step Out structures that will be used for refined targeting of our expanded Resource Expansion Program.
Table 2: Tonopah West Drillhole Location Coordinates (based on GPS readings in the field, Datum UTM, NAD 1927, Zone 11)
Drillhole ID
Area
Type
UTM_NAD27 E
UTM_NAD27 N
Elevation (m)
Depth (m)
Azimuth
Incline
TXC24-106
NW Step Out
RC/Core
476887.1
4214846.1
1746.6
770.5
270
-80
TXC24-107
NW Step Out
Lost
476889.2
4214843.0
1746.9
118.0
230
-65
TXC24-108
NW Step Out
Core
476891.5
4214844.8
1747.3
713.4
230
-65
TXC24-109
NW Step Out
RC/Core
476911.1
4214747.8
1748.0
657.5
270
-80
TXC24-110
NW Step Out
RC/Core
476925.9
4214639.9
1744.1
657.5
270
-80
TXC24-111
NW Step Out
RC/Core
477058.8
4214642.7
1747.6
708.7
230
-65
TXC24-112
NW Step Out
RC/Core
477316.7
4214181.8
1751.9
737.0
290
-65
TXC24-113
NW Step Out
RC/Core
477311.2
4214181.0
1751.7
540.1
220
-75
TXC24-114
NW Step Out
RC/Core
477403.8
4214041.9
1757.9
618.1
220
-75
TXC25-123
NW Step Out
RC/Core
477508.7
4214018.0
1767.1
502.3
180
-65
TXC25-124
NW Step Out
RC/Core
477647.0
4213941.2
1763.5
525.5
180
-60
Figure 1 is a plan map showing the location of all the drillholes in the Resource Expansion Program and highlighting those mentioned in this news release.
Figure 1: Drillhole location map of the Resource Expansion Program showing drillholes mentioned in this news release.
All sampling is conducted under the supervision of the Company’s project geologists, and a strict chain of custody from the project to the sample preparation facility is implemented and monitored. The RC and core samples are hauled from the project site to a secure and fenced facility in Tonopah, Nevada, where they are loaded on to American Assay Laboratory’s (AAL) flat-bed truck and delivered to AAL’s facility in Sparks, Nevada. A sample submittal sheet is delivered to AAL personnel who organize and process the sample intervals pursuant to the Company’s instructions.
The RC samples are lined out at the lab and logged in to AAL’s system. The core samples are cut using core saws and personnel at AAL’s facility in Sparks, Nevada according to the Company’s instructions delivered with each core hole.
All samples are dried, crushed to 85% passing 10 mesh (2mm) and a 250-gram sub-sample split is collected and pulverized to 200 mesh (74 micron) in a ring and puck pulverizer. Then the pulverized material is digested and analyzed for gold using fire assay fusion and an Induced Coupled Plasma (ICP) finish on a 30-gram assay split (FA-PB30-ICP). Silver is determined using five-acid digestion and ICP analysis (ICP-5AM48). Over limits for gold and silver are determined using a gravimetric finish (GRAVAU30 and GRAVAG30). Data verification of the assay and analytical results are completed to ensure accurate and verifiable results. Blackrock personnel insert a blind prep blank, lab blank or a certified reference material approximately every 15th to 20th sample.
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 NI 43-101. 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.
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 Company’s strategic plans; the intention to expand the Resource Expansion Program; the timing of completion of the Company’s drill program at Tonopah West and the anticipated objectives and results therefrom; the interpretation of the assay results from the Resource Expansion Program; the potential to add an additional 30 to 50% of new resource Tonopah West, connecting the zone to DPB, allowing for the capture and inclusion of the existing NW resource; the timing of completion of updated mineral resource estimates and updated preliminary economic assessments on Tonopah West; the Company’s de-risking initiatives at Tonopah West; estimates of mineral resource quantities and qualities; estimates of mineralization from drilling; geological information projected from sampling results; and the potential quantities and grades of the target zones.
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.
1 Technical information relating to Tonopah West is based on and derived from the National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) technical report prepared for Blackrock entitled “Preliminary Economic Assessment of Mineral Resources, Tonopah West Silver-Gold Project, Nye and Esmeralda Counties, Nevada, USA” with an effective date of September 4, 2024 and dated October 11, 2024, available under the Company’s SEDAR+ profile at www.sedarplus.ca.
SGX Catalist-listed AsiaMedic Limited (the “Company” and together with its subsidiaries, the “Group”) and Sunway Equity Holdings Pte. Ltd. (“SEH”), a wholly- owned subsidiary of Malaysian conglomerate Sunway Group, have officially launched AsiaMedic Sunway Imaging, a new medical diagnostics imaging centre at Royal Square in Novena, marking a significant expansion in the Group’s medical diagnostic imaging capacity.
(L-R) Mr Arifin Kwek, Chief Executive Officer, AsiaMedic Limited, Datin Paduka Sarena Cheah, Deputy Executive Chairman, Sunway Group, Ms Joyce Tan, Chief Financial Officer, Sunway Group, and Mr Charles Wang, Non-Executive Chairman, AsiaMedic Limited, at the Grand Opening of AsiaMedic Sunway Imaging Centre on 21 February 2025
Spanning close to 6,000 sqft and equipped with advanced medical imaging equipment, the centre offers a comprehensive range of diagnostic imaging services, including computed tomography (CT) and magnetic resonance imaging (MRI), with a special focus on sub-specialised fields of radiology supported by a team of experienced radiologists.
These advanced diagnostic imaging technologies and equipment incorporated at the new centre mirror the high standards set at AsiaMedic’s flagship Orchard Road Centre and aim to provide the best care for its patients. They include:
3T MRI – The SIGNA™ Hero is an advanced MRI scanner with twice the field strength (3.0 Tesla) of most conventional MRI scanners (1.5 Tesla). It allows for fast scans, more detail, clearer images and more accurate diagnoses. It also features a wide bore and blanket-like coils for improved patient comfort.
CT Scanner – The Revolution™ Apex Elite features the latest in CT technology, delivering high- resolution images of coronary vessels while utilising low-dose radiation. Its unique motion correction technology ensures clear results, even in complex patients or patients with high heart rates.
General Imaging – A full suite of general imaging services, including mammography, ultrasound and X-ray, which provide precise diagnostics for comprehensive patient care.
Strategically located in the heart of Singapore’s premier medical hub at Novena, the new centre also provides great accessibility and an enhanced patient experience to address growing demands from clinics, hospitals and other healthcare providers.
Strategic Partnership
The launch of AsiaMedic Sunway Imaging represents a milestone collaboration between AMC Healthcare Pte. Ltd., the Group’s wholly-owned subsidiary, and SEH, a wholly-owned subsidiary of Sunway Group – one of Southeast Asia’s leading conglomerates that also encompasses Malaysia’s largest integrated private healthcare group.
Mr Arifin Kwek, Chief Executive Officer of AsiaMedic Limited, said, “The launch of AsiaMedic Sunway Imaging reflects our mission to detect early illnesses to achieve positive experiences and clinical outcomes for our patients through advanced diagnostic imaging. The centre will greatly complement the Group’s existing integrated medical centre at Orchard Road and enable us to serve more patients while providing our valued doctor partners with streamlined access to diagnostic services and radiological consultation.”
Ms Sarena Cheah, Deputy Executive Chairman of Sunway Group, said, “At Sunway, we focus on shaping the future of healthcare and continue to set new benchmarks for holistic and comprehensive medical care. The AsiaMedic Sunway Imaging centre represents a key step in bringing Sunway’s integrated healthcare expertise to regional and international markets. Together with AsiaMedic, we look forward to providing top-notch diagnostic imaging services and enhancing the patient experience.”
Commitment to Innovation
AsiaMedic will continue to invest in the latest technology to enhance the patient experience and maintain its position as a preferred provider of diagnostic imaging radiology services. The launch of AsiaMedic Sunway Imaging nearly doubles the Group’s diagnostic imaging capacity and represents another milestone in the Group’s growth strategy. With the expanded capacity and enhanced capabilities, the Group is well-positioned to capture growing opportunities in Singapore’s specialist healthcare services sector while delivering value to shareholders.
In the same vein, Sunway will continue to deliver top-tier healthcare, advancing innovation and continuing to expand its services in the healthcare industry. Its flagship 810-bedded quaternary hospital Sunway Medical Centre in Kuala Lumpur, which is ranked among the top 250 hospitals in the world by Newsweek in 2024 and triple accredited by Joint Commission International (JCI), the Australian Council on Healthcare Standards (ACHS), and the Malaysian Society for Quality in Health (MSQH), also remains committed to using cutting-edge technology to enhance patient care. Besides Sunway Medical Centre, Sunway also owns and manages three more tertiary hospitals with a combined capacity of about 1500 licensed beds.
About AsiaMedic Limited
AsiaMedic Limited together with its subsidiaries (“AsiaMedic” or the “Group”) is a leading healthcare provider in Singapore which provides holistic solutions through integrated application of the latest medical technologies to detect early illnesses to achieve positive experiences and clinical outcomes for patients.
The Group is committed to helping clients through practical and personalised solutions delivered with the highest professional standards of service and expertise in a timely, safe and consistent manner.
With convenient locations at Orchard and Novena, AsiaMedic is a preferred one-stop centre for:
Established in 1974, Sunway Group is one of Southeast Asia’s leading conglomerates with 13 business divisions across more than 50 locations primarily in Asia. Its 16,000-strong team is committed to sustainable development and socio-economic progress through diverse businesses including core interests in real estate, construction, education, healthcare, retail, leisure, and hospitality.
Sunway is committed to advancing the United Nations Sustainable Development Goals and continues to align them with our Environmental, Social, and Governance (ESG) targets as part of its corporate strategy and social responsibility toward driving the group’s long-term success and deepening our commitment to nation-building.
Fashion Hong Kong show paves the way for international expansion
The Hong Kong Trade Development Council (HKTDC) proudly led four Hong Kong fashion labels to showcase their Autumn/Winter 2025 collections at the Fashion Hong Kong Runway Show during London Fashion Week. Supported by the Hong Kong Economic and Trade Office in London, the runway show was held in Shoreditch, a vibrant cultural and arts hub in East London, last night (20 February). The event attracted more than 380 UK and international buyers, media and fashion enthusiasts, giving Hong Kong’s dynamic fashion industry a further boost on the global stage.
A strong line-up of local fashion designers captivated the audience at this year’s highly anticipated Hong Kong fashion showcase. The event featured the creative talents of Angus Tsui (brand name: ANGUS TSUI), Bettie Jiang (brand name: Bettie Haute Couture), Rickyy Wong (brand name: RICKYYWONG) and Nathan Moy (brand name: Z I D I). The designers’ collections celebrated the unique diversity and creativity of Hong Kong’s fashion scene with a harmonious blend of sustainability, futurism, modern urban flair and cultural richness.
The Fashion Hong Kong show received overwhelming support from the local fashion industry, with Eyal Booker, a well-known model, Jonathan Vine, a highly regarded stylist and creative consultant, emerging model Yasmin Sweegers and buyers from Selfridges among those in attendance. The importance of the event was underscored by the presence of major fashion media outlets, with Wallpaper, Dazed Korea, Marie Claire, ELLE, Forbes and Numero all sending representatives to cover the occasion. The show facilitated a successful exchange between the Hong Kong and British fashion industries and helped to enhance global awareness of Hong Kong fashion brands.
Showroom creates business opportunities for Hong Kong fashion brands For this year’s show, Fashion Hong Kong also launched creative crossover activities aimed at promoting the city’s fashion scene from multiple perspectives. Renowned Hong Kong neon artist Jive Lau (brand name: KowloNeon) crafted custom neon light installations that captured the essence of Hong Kong’s street culture at the showcase venue, offering international audiences a glimpse of the city’s unique intangible cultural heritage. The event also collaborated with Noiseless, a Hong Kong design team that has won multiple international design awards, to design a mobile guide for the show that promoted the city’s designer brands.
To further promote Hong Kong’s vibrant fashion scene and foster international business partnerships, the HKTDC has set up a showroom at The Pop Group in Shoreditch, London, that opens today and runs until 21 March. The showroom will provide a platform for Hong Kong fashion brands to engage with fashion media, professional buyers and stylists through arranged matchmaking meetings, creating opportunities for collaboration and partnership expansion.
Fashion Hong Kong Pop-up Salon debuts in Milan this March Fashion Hong Kong has been actively promoting Hong Kong’s diverse designer brands on the global stage since 2015 with a footprint that includes fashion hubs such as New York, London, Paris, Copenhagen, Tokyo, Seoul and Shanghai. In 2024, Fashion Hong Kong made significant strides by hosting a pop-up store in Paris and conducting promotional activities covering the markets of Japan, Thailand and Mainland China, supporting the continuing expansion of Hong Kong’s fashion industry into mainland and overseas markets.
Following the showcase at London Fashion Week, the HKTDC will debut in Milan with the “Fashion Hong Kong Pop-up Salon” this March. The installation will feature an eye-catching selection of creations from 15 Hong Kong designer brands, covering fashion, accessories, footwear and lifestyle products. The pop-up will also feature the latest collections from the four Hong Kong fashion designer labels that stood out on the London Fashion Week stage. The Milan initiative aims to help designers enhance their brand recognition and seize new business opportunities in the important European market.
Main event: Fashion Hong Kong Professional Showroom Date: 21 February (Friday) to 21 March 2025 (Friday) Time: 10am-6pm (reservation required) Venue: The POP Group, 63 Hanbury Street, Shoreditch, London
About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.
Dollamur’s UWW-Approved Wrestling Mats can be found in over 90 Countries worldwide.
Dollamur, the world’s leading manufacturer and distributor of high-performance sport surfaces, announced today that it has received United World Wrestling (UWW) mat licensing approval through the next Olympic cycle, ending in December 2028.
Dollamur UWW-Approved Wrestling Mats
“We’re thrilled to once again be named an Officially Licensed Mat Provider for UWW. Our team is proud to provide mats for all official UWW events, including the Olympic Games,” said Don Ochsenreiter, CEO of Dollamur. “To be recognized by the global governing body of wrestling is an honor, which reinforces our commitment to the global wrestling community and its fans.”
Dollamur’s UWW-Approved Competition Mats have been used at some of the most prestigious events in the world, including but not limited to:
USA Olympic Trials
European Games
Canadian Games
World Championships
France Wrestling Grand Prix
German Wrestling Grand Prix
African Continental Championships
Kazakhstan Asia Championships
Pan Am Games
Indian Games
In addition to being a global leader in the manufacture and distribution of high-performance wrestling mats and sport surfaces, Dollamur has a rich history of innovation. In 1999, Dollamur disrupted the wrestling world by introducing FLEXI-Roll® mats. Engineered with high-performance, closed-cell foam that provides maximum shock absorption, a tough vinyl surface that is extremely durable and never requires reconditioning, and precision cuts on the underside of the foam, FLEXI-Roll® set the standard for lightweight, portable wrestling mats.
Then in 2010, Dollamur launched another innovative, patented product: FLEXI-Connect®. FLEXI-Connect® utilizes a heavy-duty hook and loop connection system that holds mats in place and provides a smooth, virtually seamless vinyl surface – reducing setup time and saving customers hundreds of dollars annually by eliminating the need for mat tape.
About Dollamur Based in Fort Worth, Texas and established in 1996, Dollamur is the leading global manufacturer and distributor of high-performance competitive sports flooring for wrestling, martial arts, MMA, gymnastics, cheerleading, fitness, and other sport activities. Innovative, proprietary products and a commitment to technological advancements in production have enabled Dollamur to set new industry standards for the sport mat industry. Dollamur mats are the preferred choice in hundreds of top-level sports competitions, including many national championships and Olympic-qualifying tournaments each year throughout the United States, Canada, Europe, Africa, South America, Asia, and the Middle East. Dollamur is the official mat of USA Wrestling, FloSports, USA Judo, USATKD and is an official provider for United World Wrestling (UWW). Learn more at www.dollamur.com.
The fund comprises of sporting legends Shikhar Dhawan, AB de Villiers, Ravi Shastri with a pedigreed investment team
Yashaa Global Capital, a venture capital fund dedicated to Sports, has received the Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of ADGM, Abu Dhabi’s leading international financial centre. This significant milestone marks the fund’s official establishment in ADGM, positioning Yashaa Global Capital as a catalyst for driving global investments in the rapidly evolving sports sector.
The fund, a unique initiative, helmed by General Partners Shikhar Dhawan, Mohammed Sirajuddin, Arif Padaria and Dr. Victor Tay, combines a pedigreed investment team with elite athletes. This collaboration leverages their expertise and extensive networks in the sports ecosystem, aiming to provide unparalleled value to portfolio companies through mentorship, strategic partnerships, and growth opportunities. Previously known as Da One Global Ventures, the fund has been rebranded to reflect its global ambitions and sharpened focus on innovation and wealth generation.
Headquartered in Abu Dhabi, Yashaa Global Capital has a targeted $75M corpus (including a $25M greenshoe option), and is set to deploy capital globally across SportsTech, Fitness & Wellness, Esports & Gaming, MediaTech, Leagues & Teams. Leveraging ADGM’s status as a premier financial hub, the athlete-backed fund bridges global investors, startups, and sports entrepreneurs, fostering innovation and scalability. Its unique network ensures that its portfolio companies gain strategic insights and connections, delivering exceptional value to all stakeholders.
Shikhar Dhawan, General Partner at Yashaa Global Capital, commented, “ADGM’s stable regulatory environment and strategic location at Capital of Capital Abu Dhabi, make it the perfect base for our fund. This is an exciting opportunity to create a global impact and contribute to the evolving landscape of sports entrepreneurship. With ADGM’s support, we are confident in creating a platform that not only nurtures groundbreaking startups but also delivers meaningful value to our investors globally.”
Mohammed Sirajuddin, General Partner at Yashaa Global Capital, expressed his vision for the fund, “Business of Sports is at a transformative stage, becoming increasingly globalized, institutionalized, and technology-driven. With a unique team blending deep industry expertise, strong networks, and proven investment experience, we aim to bridge the gap in the Asian market, where sports-focused funds are limited. As a global fund with a strong Asia focus, we are dedicated to empowering visionary businesses shaping the future of sports and delivering exceptional value to founders, investors, and the broader ecosystem.”
“I am proud to be associated with this visionary global fund. As a sports ecosystem VC originating from the GCC region, it has the potential to reshape the business of sports, esports, and gaming investments worldwide. I look forward to supporting entrepreneurs on and off the field”, said AB de Villiers.
ADGM, recognized worldwide as a stable financial hub, provides a robust platform for venture funds like Yashaa Global Capital to thrive. Its dedication to fostering financial innovation and entrepreneurship underpins Yashaa’s strategic vision.
Arvind Ramamurthy, Chief of Market Development at ADGM, commented: “We are proud to support Yashaa Global Capital as they establish their presence in ADGM and launch a groundbreaking venture capital fund focused on the rapidly evolving sports sector. This milestone reflects ADGM’s commitment to fostering innovative and transformative industries while providing a robust and progressive regulatory environment.”
About Yashaa Global Capital Yashaa Global Capital is a global multi-stage venture capital fund investing in transformative startups across the Business of Sports, New Age Media, and the Future of Sports & Human Performance. With its establishment in ADGM, and backing from leading athletes like Shikhar Dhawan, the fund is positioned to pioneer innovation in sports and gaming, fostering growth for startups and delivering robust returns for investors worldwide. This announcement marks the beginning of Yashaa Global Capital’s journey to redefine the sports and esports investing landscape, with a commitment to building a sustainable ecosystem for global entrepreneurs and stakeholders. Learn more at https://yashaa.vc/.
For any communication and media engagements please contact: contact@yashaa.vc
