Since 2024, global gold prices have embarked on a new wave of significant upward momentum, propelling Hong Kong’s gold sector into the spotlight for capital pursuit. Related individual stocks have demonstrated remarkable independent performance. Zijin Gold International Company Limited (stock code: 2259.HK), a globally renowned enterprise within the gold sector, officially listed on the Main Board of the Hong Kong Stock Exchange today. It is poised to become a promising new star in the capital market within the gold industry.
From a capital market perspective, the successful listing of Zijin Gold International not only offers investors richer investment options but also injects fresh vitality into the market. Amid growing global economic uncertainties, gold’s value as a key safe-haven asset has become increasingly prominent. Leveraging its formidable strength and solid reputation in the gold sector, Zijin Gold International is poised to serve as a reliable haven for investors navigating turbulent markets.
Meanwhile, the listing will further elevate Zijin Gold International’s influence in global capital markets. With the support of a wide range of international investors, the Company is becoming one of the top global gold enterprises, showcasing immense growth potential and broad development prospects.
Notably, Zijin Gold International’s listing successfully attracted over twenty cornerstone investors, including GIC, Hillhouse, BlackRock, Schroders, Perseverance, Fidelity, and Greenwoods. The active subscriptions from these renowned investment institutions provide robust support for Zijin Gold International’s growth trajectory. This not only reflects the strong confidence of leading institutions in the Company’s future prospects and growth potential but also offers crucial reference points for investors.
A Global Leading Gold Mining Company with Extensive Resource ReservesZijin Gold International is one of the global leading gold mining companies, with operations spanning the entire gold value chain—from exploration and mining to processing, smelting, refining, and sales. The comprehensive industrial chain integration enhances the Company’s market competitiveness and resilience against risks.
In global resource integration, Zijin Gold International has demonstrated exceptional strength. The Company has strategically positioned itself in gold-rich areas across Central Asia, South America, Oceania, and Africa, holding interests in eight gold mines. As of December 31, 2024 and in 2024, the Company’s gold reserves and gold production volume on a consolidated basis ranked ninth and eleventh globally, respectively. From 2022 to 2024, its gold production achieved a CAGR of 21.4%, achieving a faster growth rate than other sizable companies.
These abundant resource reserves provide robust support for the Company’s performance growth and sustainable development. From 2022 to 2024, the Company achieved a CAGR of 61.9% in net profit attributable to owners of the parent, demonstrating its strong profitability and growth potential.
Furthermore, Zijin Gold International stands as a leading mining company in terms of growth, operational efficiency and profitability in the global gold mining industry. Both the Guyana Aurora Gold Mine and the Suriname Rosebel Gold Mine turned profitable within one year after the Company’s acquisitions in 2020 and 2023, respectively. The Company maintained high capital return in 2024, with ROE of 21.4%, further validating its exceptional capabilities in asset operation and value creation.
Strong Shareholder Background Provides Solid Foundation
Zijin Gold International benefits from a robust shareholder background, with its rapid development supported by the strong backing and synergistic collaboration of Zijin Mining Group. The Company’s controlling shareholder, Zijin Mining, is a global leading mining company primarily focused on mineral exploration and development. Zijin Mining operates over 30 large mining projects across 17 countries worldwide as of December 31, 2024, covering metals including gold, copper, lithium, and zinc, among others.
Meanwhile, Zijin Mining has extensive experience in the exploration, construction and operation of large-scale metal mines, complemented by professional and efficient resource acquisition and in-house exploration expertise. Advanced technology and rich experience provide strong support for Zijin Gold International’s technological innovation and process improvement.
The spin-off listing of Zijin Gold International by Zijin Mining Group is based on strategic transformation and long-term development considerations. Through this spin-off, Zijin Gold International will gain independent production capacity, enabling greater focus on business development in the gold sector and enhancing operational efficiency and management standards.
Additionally, the spin-off listing of the gold business will not only further optimize Zijin Mining Group’s business structure and enhance the Group’s overall value, but also provide Zijin Gold International with broader development prospects and stronger momentum, laying a solid foundation for its sustained growth in the gold industry.
Actively Practicing ESG Principles to Contribute to Global Sustainable DevelopmentAgainst the backdrop of global advocacy for sustainable development, ESG has become a crucial benchmark for evaluating corporate value and social responsibility. As a socially responsible enterprise, Zijin Gold International has consistently integrated ESG principles into its operations and development, striving to achieve balanced progress across economic, social, and environmental dimensions.
The Company is committed to implementing the “Zijin Model”, actively building a responsible ESG framework, and comprehensively advancing sustainable development. In this process, the Company strictly adheres to comprehensive and multi-tiered international ESG standards, such as ISO 14001 and others, ensuring it meets internationally advanced levels in environmental management, social responsibility fulfillment, and corporate governance. At the same time, the Company focuses on risk-oriented environmental management, establishing a robust environmental risk assessment system aimed at minimizing ecological impact while maximizing operational efficiency.
Furthermore, Zijin Gold International integrated the ‘‘Dual-Carbon’’ commitment into its core agenda of future development and are dedicated to clean energy solutions. The Tajikistan Jilau/Taror Gold Mines, the Colombia Buriticá Gold Mine, and the Suriname Rosebel Gold Mine had achieved 100% utilization of clean energy in purchased electricity as of June 30, 2025. The Guyana Aurora Gold Mine completed two phases of photovoltaic projects with a total capacity of 18MW in 2024, and the Suriname Rosebel Gold Mine’s 25MW photovoltaic project is under construction.
Building on this foundation, Zijin Gold International not only actively fulfills its environmental responsibilities but also places significant importance to corporate social value, continuously enhancing investment in community development, employee growth and occupational health. The Company actively promotes economic development in the regions where it operates and shares benefits with the local communities. For example, the Company’s ‘‘Sowing the Future’’ agricultural development program in Colombia has been ongoing for five years. The Company actively promotes the development of the Rosebel Community Fund in Suriname and provided financial support in the areas of education, health, sports, and socio-economic development in 2024.
The Company also prioritize occupational safety in its operation. During the track record period, the Company’s lost-time injury frequency rate was as low as 0.19 per million work hours. As of the end of 2024, the ISO 45001 Occupational Health and Safety Management System certification coverage rate for all operational sites where the Company has held control for over three years reached 100%.
Zijin Gold International’s ESG practices have been widely recognized in the regions where it operates. During the track record period, Continental Gold received ‘‘the 2024 Sustainable Development Certification’’, Zeravshan received the ‘‘Outstanding Contribution to Environmental Protection Award’’, among others, fully demonstrating the Company’s excellence in environmental, social, and governance performance. Moving forward, Zijin Gold International will continue to uphold sustainable development principles, contributing to the achievement of global sustainable development goals.
Overall, Zijin Gold International has successfully entered the new stage of the capital market through its extensive business footprint, robust management team, and abundant resource reserves. For investors, Zijin Gold International’s listing not only presents a premium target for sharing in gold price dividends but also offers global investors a highly promising investment opportunity. Riding the wave of gold’s primary upward trend, the Company will be poised to navigate challenges and create substantial returns for investors in the future, emerging as a star performer in Hong Kong’s gold sector.
On November 7, CNGR Advanced Material (HKG: 2579), a globally renowned new energy materials enterprise, commenced its IPO subscription. The company is currently in the midst of its IPO process, entering the final sprint phase of its Hong Kong listing. Expected to debut on the Hong Kong Stock Exchange on November 17, CNGR Advanced Material is poised to become China’s second core new energy industry enterprise to achieve dual A+H share listings following CATL, ushering in a new chapter of synergistic development between capital and industry.
It is reported that CNGR Advanced Material primarily engages in the R&D, production, and sales of new energy battery materials centered on pCAM, as well as new energy metal products. Through years of dedicated cultivation, the company has established a solid industry position. According to Frost & Sullivan, since 2020, the company has ranked first globally in shipments of nickel-based and cobalt-based pCAM for lithium-ion batteries for five consecutive years. In 2024, its total pCAM product sales value topped the global market, capturing a 21.8% market share.
Global Business Expansion Fortifies Resilience for Development As a global leader in new energy materials, CNGR Advanced Material has established worldwide influence across two dimensions: supply chain and production bases. In terms of supply chain, the company has built a global supply chain network. Through this globalized supply chain layout, it has successfully overcome geographical constraints, establishing a high-quality resource acquisition network covering core production regions worldwide.
This strategy not only ensures stable supply of critical minerals like nickel and cobalt but also significantly reduces reliance on single-region resources, fortifying resilience for sustained business operations. Meanwhile, the global supply chain system enables comprehensive evaluation of key indicators, including supplier quotations, transportation costs, and delivery cycles across the globe, facilitating selection of optimal procurement combinations. Furthermore, by establishing an efficient and collaborative logistics distribution network, the company streamlines intermediate transportation links, shortens transit cycles, and achieves precise control over logistics costs, laying a solid foundation for enhancing overall profitability.
Regarding production base layout, as of June 30, 2025, CNGR Advanced Material has established four production bases in China, three in Indonesia, one in Morocco, and is planning additional bases in Indonesia and South Korea. This global footprint enables the company to deeply integrate into regional markets, swiftly respond to localized customized customer demands, and continuously expand market share. It also allows full leverage of local policy incentives, resource endowments, and labor advantages to optimize production cost structures.
Furthermore, CNGR Advanced Material actively establishes deep strategic partnerships with global industry leaders, creating robust support across multiple dimensions including technological R&D, market channel expansion, and joint brand empowerment. These collaborations synergize efficiently with the company’s global supply chain layout and production base network, helping it seize first-mover advantages in the industry and solidify the foundation for its global strategic expansion.
Extensive High-Quality Customer Base Provides Core Driver for Growth In terms of customer base, CNGR Advanced Material boasts a vast and high-quality customer base worldwide, covering leading enterprises in new energy materials, batteries, automotive, and consumer electronics industries.
In terms of customer coverage, from upstream leading cathode material suppliers, to midstream core power battery manufacturers, to downstream top-tier automotive brands and consumer electronics enterprises, the company spans the entire new energy industry chain from “materials – batteries – terminal applications”, achieving deep integration across the entire chain.
In terms of customer quality, the company’s core clients are all leading enterprises in their respective segments. Notably, by 2024, CNGR Advanced Material had achieved comprehensive supply to the world’s top ten electric vehicle battery manufacturers by shipment volume. These clients are characterized by high technical barriers, large order volumes, and long-term cooperation cycles, fully demonstrating that the company’s product quality, technological strength, and supply capabilities have earned high recognition from the industry’s top players.
CNGR Advanced Material’ global portfolio of premium clients serves not only as the core driver of its performance growth but also as a strategic asset for long-term development. This extensive portfolio of premium clients enables the company to establish formidable competitive barriers through requirements for market access, switching costs, and brand endorsement, ensuring order stability and profitability. Moreover, amid intensifying industry competition, these high-quality client resources will continue to drive technological upgrades, market expansion, and valuation growth, thereby helping the company further consolidate its industry leadership position.
Overall, leveraging its globally leading pCAM product capabilities, comprehensive global footprint, and extensive high-quality customer base, CNGR Advanced Material has established multi-dimensional competitive barriers spanning “technology-capacity-customers-supply chain”. Its industry leadership remains solid and continues to strengthen. Following its Hong Kong listing, the company will leverage the financing advantages of its dual A+H capital platform to further enhance global resource integration, expand its worldwide business footprint, capture greater market share within the industry, and deliver long-term value returns to investors.
Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) (“Focus” or the “Company“), a leading Canadian graphite developer advancing high-grade projects in Quebec, is pleased to announce the commencement of a hydrogeological study (the “Study“) at its wholly owned Lac Knife Project (the “Project“).
The Study will be executed by Yves Leblanc, P.Geo., of Richelieu Hydrogeologie Inc. (“RHI“), a Quebec based consulting firm specializing in groundwater management, mining and environmental hydrogeology, geothermal systems, and individual well design. RHI has supported Focus and the Lac Knife Project since 2019. The program will be carried out under the supervision and management of IOS Geosciences Inc. (“IOS“), the Company’s geological consulting firm and general contractor for the Lac Knife Project.
This Study represents one of the final major technical milestones in advancing the Company’s Environmental and Social Impact Assessment (“ESIA“) – a critical step toward the mine permitting phase for the Project. The hydrogeological program will characterize groundwater flows, aquifer properties, and potential interactions with Project infrastructure such as the open pit and tailings storage facility, ensuring responsible water management and full compliance with Quebec’s regulatory standards.
The Lac Knife deposit is located on a hillcrest between Knife Lake and Pecan River, both tributaries of the Moisie River, which is designated as a planned aquatic reserve. As such, the highest standards of aquifer protection must be applied. This Study aims to address concerns outlined in the second round of questions received in 2019 from Quebec’s Ministry of Sustainable Development, Environment, and the Fight Against Climate Change (“MDDELCC“) during its review of the Company’s original Environmental and Social Impact Study submitted in 2014. As part of the 2021 Lac Knife Feasibility
Study (“Feasibility“) update, the Project’s tailings storage facility was fully redesigned to incorporate nearby dolomitic marble, which will amend the tailings and eliminate the risk of acid mine drainage. This new design concept required a complete remodelling of the aquifer system. Results from the current hydrogeological modelling are expected by February 2026, aligning with the planned submission of the final ESIA revision.
Focus continues to collaborate with IOS to finalize contracting for the remaining studies, including tailings dam breach analysis and dust dispersion modelling.
“The launch of the hydrogeological study marks another important step toward permit readiness,” said Jason Latkowcer, Vice President, Corporate Development, Focus Graphite. “We are systematically closing out the final technical components of the ESIA — with hydrogeological modelling being the most time-sensitive — ensuring that every environmental and social consideration is addressed with scientific rigour. Our commitment remains to advance Lac Knife responsibly, in alignment with Indigenous and Quebec environmental standards and the growing global demand for ethically sourced graphite.”
The Lac Knife Project hosts one of the highest-grade flake graphite deposits in the world, with measured and indicated resources grading 14.95% graphitic carbon (Cg). Once in production, Lac Knife is expected to supply high-purity graphite for defense, battery, and advanced materials markets, supporting Canada’s Critical Minerals Strategy.
On November 3, 2025 the Company announced that it had been selected by Natural Resources Canada (“NRCan“) under the Global Partnership Initiatives (“GPI“) for conditional approval for a non-repayable contribution of up to $14,062,500, pending final due diligence.
Qualified Persons
The technical content disclosed in this news release was reviewed and approved by Réjean Girard, P.Geo. (QC), President of IOS Geosciences Inc., a consultant to the Company, and a qualified person as defined under National Instrument NI-43-101.
About Richelieu Hydrogeologie Inc.
Founded in 2005, Richelieu Hydrogeologie Inc. is a hydrogreology firm offering interdisciplinary services across groundwater management, mining hydrogeology, environmental hydrogeology, geothermal systems, and individual well design.
Their clientele includes mining companies, engineering-consulting firms, municipalities, commercial enterprises and private interests.
Focus Graphite Advanced Materials is redefining the future of critical minerals with two 100% owned world-class graphite projects and cutting-edge battery technology. Focus Graphite’s flagship Lac Knife project stands as one of the most advanced high-purity graphite deposits in North America, with a fully completed feasibility study. Lac Knife is set to become a key supplier for the battery, defense, and advanced materials industries.
Focus Graphite’s Lac Tetepisca project further strengthens our portfolio, with the potential to be one of the largest and highest-purity and grade graphite deposits in North America. At Focus, they go beyond mining – we are pioneering environmentally sustainable processing solutions and innovative battery technologies, including our patent-pending silicon-enhanced spheroidized graphite, designed to enhance battery performance and efficiency.
Focus Graphite’s commitment to innovation ensures a chemical-free, eco-friendly supply chain from mine to market. Collaboration is at the core of our vision. We actively partner with industry leaders, research institutions, and government agencies to accelerate the commercialization of next-generation graphite materials. As a North American company, we are dedicated to securing a resilient, locally sourced supply of critical minerals – reducing dependence on foreign-controlled markets and driving the transition to a sustainable future.
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could,” “intend,” “expect,” “believe,” “will,” “projected,” “estimated,” and similar expressions, as well as statements relating to matters that are not historical facts, are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events.
In particular, this press release contains forward-looking information regarding, among other things, the anticipated timing, scope, and outcomes of the hydrogeological study at the Lac Knife Project; the completion of the Company’s Environmental and Social Impact Assessment (“ESIA”) and related technical studies, including tailings dam breach analysis and dust dispersion modelling; the expected timing of regulatory submissions and approvals; the potential for successful mine permitting and development; and the advancement of the Lac Knife Project toward production. Forward-looking information also includes statements regarding the Company’s expectations concerning the effectiveness of proposed environmental management measures, the ability to meet Québec’s regulatory standards, the anticipated role of the Lac Knife and Lac Tetepisca projects within Canada’s Critical Minerals Strategy, and the Company’s capacity to secure future project financing or partnerships required for construction and commercialization.
Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, risks related to market conditions, regulatory approvals, changes in economic conditions, the ability to raise sufficient funds on acceptable terms or at all, operational risks associated with mineral exploration and development, and other risks detailed from time to time in the Company’s public disclosure documents available under its profile on SEDAR+.
The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties, and assumptions contained herein, investors should not place undue reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.
Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the “Company” or “MILI”) is pleased to report the commencement of a 10 hole, 2500-meter, definition drilling campaign at the company’s 100% owned flagship Trojarová Antimony Gold Project (the “Project”) in Slovakia, and the appointment of David Murray P.Geo as Vice President of Exploration.
Highlights of the Campaign Include:
Up to 10 diamond drillholes (see drill hole map below)
Up to 2500m of drilling
7 holes designed to confirm historical drilling results and update SLR Consulting’s ongoing mineral resource estimate on the Project
3 holes designed to test the deposit for NW strike continuity
Scott Eldridge, Chief Executive Officer of the Company, commented, “The commencement of this drilling campaign at our flagship Trojarová Project is a milestone achievement. The results of this program will allow for the completion of the Project’s mineral resource estimate early in 2026 and serve as a launch pad for continued advancement of this strategic asset. Furthermore, on behalf of the board, management and our shareholders, I am excited to welcome David Murray as our Vice President of Exploration. He brings 15 years of international mineral industry experience. I look forward to working directly with David to unlock the geological potential of our antimony portfolio. His technical skills will be an asset to the Company. I also wish to sincerely thank Mr. Avrom Howard for his invaluable contributions to the role of VP Exploration over the past year.”
History of the Project and Historical Resource
Discovered nearly fifty years ago, Trojarová was the focus of extensive surface and underground exploration over 2km of strike length between 1983 and 1995, including 63 diamond drillholes totaling 14,330 meters, and 1.7 kilometers of underground workings. Historical exploration efforts culminated in a historical mineral resource estimate published by the Slovak Geological institute in 1992 (see “Historical Resource Estimates” below). Per this historical estimate, at a cut-off grade of 1.0% antimony, Trojarova hosts 2.46 million tonnes averaging 2.47% antimony and 0.635 grams per tonne gold in a mineralized zone averaging 3.32 meters wide, containing approximately 60,000 tonnes of antimony insitu. The historical estimate at Trojarová was classified using the Slovak version of the newly post-Soviet Russian classification system, which uses categories not directly comparable to modern standards as defined by the Canadian Institute of Mining, Metallurgy & Petroluem (“CIM”) Definition Standards for Mineral Resources & Mineral Reserves. The Slovak Geological Institute, the State agency that carried out all exploration and underground development work at Trojarová, classified the resource as “P1” in the Slovak version of the Russian classification system. P1 is most comparable in CIM’s classification system to “Inferred Mineral Resources,” which is defined by the CIM as that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence gathered through appropriate sampling techniques from locations such as outcrops, trenches, pits, workings and drill holes. A qualified person has not done sufficient work to classify the historical estimate as current, and the Company is not treating the historical estimate as current. For additional information relating to the historical estimate see below under the heading “Historical Resource Estimates”.
The Company announced January 8th, 2025, that SLR Consulting had been engaged to complete a modern mineral resource estimate of the Trojarová Project. The current drill program supports this work by seeking to confirm historical results and validate preliminary resource models.
Preliminary modelling of historical data indicates the Trojarová deposit may display a trend of thickening and increasing antimony grades to the NW. The Company has targeted projected extensions of the deposit along this vector with 3 of the 7 planned drillholes with the aim to expand the current extents of the known deposit.
Appointment of New Vice President of Exploration
Mr. Murray is a professional geoscientist with 15 years of experience in mineral exploration and mining. His technical experience has been gathered throughout the Americas and Europe in exploration and resource geology roles, with various technical consultancies and major mining companies including Goldcorp and Newmont. David’s commodity experience is diverse specializing in orogenic gold systems and including porphyry deposits, volcanogenic massive sulphide (VMS) deposits, magmatic Ni + Cu + PGE, carbonate hosted Zn, Pb + Ag, HREE and LREE as well as LCT Li pegmatites and Li brine deposits. Mr. Murray holds a Bachelor of Science with an Advanced Major in Geoscience from St. Francis Xavier University in Antigonish, Nova Scotia.
Mr. Murray’s top technical priority will be to unlock shareholder value through the definition and growth of mineral resources at Trojarová and MILI’s other antimony and related critical metals projects, along with assessing additional opportunities that may come to the Company’s attention. MILI welcomes him to its executive management team on behalf of the Company’s shareholders.
Figure 1. Historical and proposed diamond drillholes at the Trojarová antimony & gold project, western Slovakia.
Discovered in the late 1970s, Trojarová was the focus of extensive surface and underground exploration from 1983 to 1995, with 63 core holes for a total of 14,330m, and 1.7km of underground workings completed. Efforts continued over the years as additional trenches were dug, and holes were drilled. Starting in 1990, underground development work began ultimately comprising a 300-meter-long adit connected to a 700-plus meter-long drive in the footwall of the mineralized zone with seven crosscuts into the mineralized zone for sampling purposes. These efforts culminated in a multi-volume study comprising drill logs, analyses, drill plans, maps and sections, deposit model studies, petrographic studies, metallurgical studies and more, culminating in a multi-volume compendium of reports produced by the Slovak Geological Institute published in 1992.
Options Grant
The Company is pleased to announce it has granted an aggregate of 300,000 stock options (the “Options“) to David Muray to purchase 300,000 common shares (the “Shares“) in the capital of the Company pursuant to the Company’s share option plan (the “Option Grant“). The Options, which vest immediately, are exercisable at an exercise price of $0.50 per Share for a period of five years from the date of grant.
The technical contents of this release were reviewed and approved by David Murray, P.Geo, VP-Exploration for Military Metals and a qualified person as defined by National Instrument 43-101.
For more information about Military Metals Corp. and its critical minerals initiatives, please visit: https://www.militarymetalscorp.com.
The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.
This news release includes disclosure of a historical resource estimate. A qualified person has not done sufficient work to classify the historical estimate included in this Presentation as current mineral resources or mineral reserves. The Company is not treag the historical estimate as current mineral resources or mineral reserves.
The historical estimate quoted in this Presentation related to the Trojarova Property was taken from a compendium produced by the Slovak Geological Survey, completed in March 1992 based on exploration work undertaking in the 1980s and 1990s. It is entitled (English translation): “FINAL JOB REPORT, PEZINOK-TROJAROVA, Geological Survey State Enterprise”, report compendium number 78406 (Michel et al, 1992).
The Slovak Geological Institute, the state agency that carried out all exploration and underground development work at Trojarová, classified the historical resources as “P1” and “C2” in the Slovak version of the Russian classification system, respectively. These are closest within the Canadian Institute of Mining, Metallurgy & Petroleum’s (“CIM”) classification system to “inferred mineral resources,” which is defined by the CIM as that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence gathered through appropriate sampling techniques from locations such as outcrops, trenches, pits, workings and drill holes.
The historical work carried out appears comprehensive, detailed and at a professional standard. The Company considers this historical data to be relevant as the Company will use these data as a guide to plan future exploration programs. The Company also considers the data to be reliable for these purposes. However, considerable work needs to be completed before it will be possible to classify mineralization documented at Trojárova as current mineral resources. The historical drill logs need to be translated and transcribed into a logging format suitable for resource estimation purposes. All historical collar locations along with the underground maps need to be digitized and georeferenced. All data need to be transferred to an independent, arm’s length resource estimation specialist so that a three-dimensional digital deposit model can be constructed, based upon which the number, length and orientation of twin and infill holes necessary so that the historical resource can be classified as current mineral resources can be determined.
Forward-Looking Information
This news release contains “forward-looking information”. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this news release includes the future drilling and exploration work at Trojarová, the development of a custom antimony analytical standard, the continuation of the value of antimony, and the future needs of Europe and the E.U. specifically. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include geopolitical developments related to the supply and value of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the property that is the subject of this news release, the results of any future exploration activities, which cannot be guaranteed, and any other future activities in respect of the property held by the Target. Additional risk factors can also be found in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.
Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) (“Focus” or the “Company“), a leading developer of high-grade flake graphite deposits and innovator of next-generation lithium-ion battery technology, is pleased to announce that it has been selected by Natural Resources Canada (“NRCan“) under the Global Partnerships Initiative (“GPI“) for conditional approval of a non-repayable contribution of up to $14,062,500 pending final due diligence. The funding will support Focus Graphite’s project, “Transformation of Canadian Flake Graphite into Ultra-High Purity Battery & Advanced Materials Using Electrothermal Fluidized Bed Technology” (the “Project“). The Project unites Canadians, Ukrainian, and American partners to produce ultra-high purity graphite for global battery, aerospace, defence, and advanced material markets.
Highlights:
Up to $14.1 Million Non-Repayable Federal Contribution Funding: Announced by the Honourable Tim Hodgson, Minister of Energy and Natural Resources, at the G7 Energy and Environment Minister’s Meeting in Toronto under NRCan’s Global Partnerships Initiative (GPI), to support the establishment of Canada’s first commercial, scalable electrothermal fluidized bed purification demonstration facility, advancing domestic critical mineral processing capacity and creating skilled Canadian jobs.
Environmentally Friendly Technology: This continuous process produces ultra-high purity graphite with zero liquid waste, lower emissions, and an ESG-aligned pathway to supply advanced battery, defence, aerospace, and clean technology markets.
International Collaboration: Engineering led by Ukraine’s Thermal & Material Engineering Center, using Canadian graphite feedstock and U.S.-based American Energy Technologies Company’s expertise in electrothermal purification, with final assembly in Canada.
BEACONS Battery Prototyping Partnership: Focus has partnered with the University of Texas at Dallas, representing the BEACONS Battery Prototyping Facility, a U.S. Department of War-supported research and development center dedicated to strengthening North American energy and materials security.
Path to Commercialization: This initiative establishes the foundation for large-scale production of Quebec-sourced graphite from Lac Knife and Tetepisca, supporting Canada’s goal of secure, allied, and sustainable critical-mineral supply chains.
This represents the largest federal award in the Company’s history, supporting the development of Canada’s first chemical-free continual fluidized electrothermal purification demonstration facility for natural flake graphite. The Project will use Quebec-sourced feedstock from Focus’s Lac Knife and Lac Tetepisca deposits, two of North America’s highest-grade natural graphite resources, to produce ultra-high-purity (>99.95% C) graphite, suitable for battery, aerospace, defence, nuclear and a host of advanced-material applications, including graphene. The Company may access the contribution funding up until March 2028.
The continuous electrothermal fluidized bed technology initiative will be carried out through collaboration with Ukraine’s Thermal & Material Engineering Center (“TMEC“). TMEC will lead full project management for the demonstration unit, overseeing engineering design, construction, fabrication, system integration, and training. The company brings extensive experience in the design, engineering, and management of advanced high-temperature reactor systems and continuous fluidized bed technology development. American Energy Technologies Company (“AETC“), a recognized specialist in carbon materials, electrothermal purification, and fluidized bed furnace technologies, will continue providing processing and thermal purification services to support near-term customer sampling and product qualification.
Over the past several years, the Company has invested substantial time and capital to de-risk the purification pathway, working with U.S.-based AETC to validate the process on Lac Knife graphite feedstock. Detailed characterization confirmed that impurities in Focus’s natural flake graphite occur predominantly along the flake boundaries rather than within the crystalline lattice, a feature that makes the material particularly responsive to high-temperature electrothermal purification. Using AETC’s proprietary electrothermal fluidized-bed furnace, Focus successfully achieved over 99.999%+ C (five-nine purity or nuclear grade) without any chemical reagents. These results validated the scalability and environmental integrity of the process, laying the foundation for today’s GPI-funded demonstration facility and its potential extension into rare earth element (REE) purification applications. As construction of the Canadian demonstration facility proceeds, Focus expects to continue working closely with AETC to purify additional material through its commercial-scale furnace, supporting near-term customer sampling, product qualification, and market off-take engagement. This parallel commercialization strategy ensures uninterrupted material availability while advancing the Company toward domestic electrothermal processing capacity.
This initiative will also strengthen several ongoing partnerships, including Focus Graphite’s upcoming work with the University of Texas at Dallas’s BEACONS (“BEACONS“) Battery Prototyping Facility, a U.S. DoW-supported research and development center dedicated to strengthening North American energy and materials security battery prototyping facility, which will accelerate the development, validation, and commercialization of this green purification technology. BEACONS will independently evaluate and qualify Focus’s purified graphite and siliconized anode materials for defence and dual-use battery applications.
Collectively, these collaborations represent the first of several anticipated global partnerships, combining Ukrainian engineering innovation, Canadian critical-mineral resources, and U.S. defence-focused validation, as Focus Graphite advances its strategy to ship purified material worldwide for testing, validation, and qualification across commercial, aerospace, and defence markets.
“We are grateful to NRCan for its support and vision in assisting Focus Graphite and companies like ours in achieving our shared goal of securing North American supply chains for Canada and its G7 partners,” said Dean Hanisch, CEO of Focus Graphite. “This project represents Canada’s first commercial, scalable, continuous electrothermal fluidized bed purification system, powered entirely by renewable hydroelectricity and operating without the use of chemicals. NRCan’s financial support is instrumental in advancing this breakthrough initiative, helping to accelerate domestic processing capacity and strengthen Canada’s position in the global critical minerals sector. It marks a significant step toward building a sustainable ecosystem that supports advanced battery, defence, aerospace, and clean technology applications.”
“Research and development are at the heart of building resilient and sustainable critical mineral supply chains. Through the G7 Critical Minerals Action Plan, we are collaborating with trusted international partners to advance innovative projects – like the work led by Focus Graphite – that reduce environmental impacts, maximize production and strengthen Canada and our allies’ competitive edge,” said the Honourable Tim Hodgson, Minister of Energy and Natural Resources.
“Research and development are the driving forces behind Canada’s leadership in critical minerals. Through strategic collaboration with international partners and innovative companies like Focus Graphite, we are accelerating breakthroughs across the supply chain – from exploration to processing – ensuring our solutions are sustainable, competitive and globally impactful,” added Claude Guay, Parliamentary Secretary to the Minister of Energy and Natural Resources.
Engineering Partnership with TMEC: Building Canada’s First Electrothermal Purification System
Focus has entered into a formal Memorandum of Understanding (“MOU“) with Thermal & Material Engineering Center LLC (“TMEС“) on October 6, 2025, to engineer, project manage and deliver the installation of a demonstration-scale electrothermal fluidized bed (“EFB“) furnace capable of continuous purification of natural graphite at industrial temperatures exceeding 2,500 °C.
Under the MOU:
TMEC will design and engineer the complete EFB system, including process flowcharts, power and gas management, automation, and control integration.
The furnace and all components will be fabricated and constructed locally in Canada under TMEC’s technical supervision, allowing Focus Graphite to build domestic expertise, ensure secure project delivery, and support local economic development.
The system will be designed for 100 kg/hour capacity, providing the foundation for a scalable commercial demonstration facility in Baie-Comeau or Sept-Îles, Quebec.
Focus Graphite will retain full operational ownership, including unrestricted commercial use of the system and all purified graphite output.
TMEC will provide operational training, documentation, and process integration know-how, ensuring effective technology transfer to Focus Graphite and contributing to the development of long-term technical expertise and manufacturing capability within Canada.
“Thermal & Material Engineering Center LLC is proud to collaborate with Focus Graphite Inc. and deeply appreciates the support of the Government of Canada in fostering strong partnerships between Ukraine and Canada. This cooperation not only strengthens our industrial and technological ties but also contributes to supporting Ukraine’s economy during a pivotal time. We are excited to work alongside Focus Graphite to bring this innovative and environmentally friendly graphite purification technology to Canada. This project advances chemical-free processing of critical minerals and supports Canada’s goals of building secure, sustainable, and resilient North American supply chains”, said Simon Hubynskyi, CEO.
BEACONS Collaboration: North American Validation for Advanced Battery and Defence Applications
In parallel to its engineering partnership with TMEC, Focus has entered a non-binding Letter of Intent (“LOI“) on October 20, 2025 with The University of Texas at Dallas, representing the BEACONS Battery Prototyping Facility, a U.S. DoW supported research and development center dedicated to strengthening North American energy and materials security.
The project overview outlines a multi-phase validation program designed to demonstrate the performance of Focus’s purified anode materials in U.S. DoW standard battery systems.
Phase I: DoW-Standard 18650 Cell Prototyping: BEACONS will fabricate and test 18650-format lithium-ion battery cells using Focus Graphite’s purified natural flake graphite as the anode material. The program aims to generate statistically significant performance data including cycle life, energy density, and charge-retention metrics to establish a validated, North American source of graphite anode material suitable for integration into U.S. and Canadian defence and energy platforms
Phase II: Siliconized Graphite Development: BEACONS intends to collaborate further with Focus Graphite to develop a next-generation siliconized graphite anode, utilizing Focus’s patent pending process and a North American-sourced, non-silane silicon feedstock. This program will prototype Unmanned Aerial Systems (UAS)-standard pouch cells, with the goal of creating a commercially viable, high-energy-density anode that advances energy storage capabilities for both the U.S. DoW and Canada’s Department of National Defence (“DND“).
Network-Wide Integration: Upon successful validation, the purified graphite will be made available through BEACONS’ network of users which includes cell manufacturers, equipment developers, and academic researchers-for further testing with complementary cathode and electrolyte systems, reinforcing cross-border supply-chain interoperability.
This collaboration positions the Company at the center of North American anode-material validation, linking Canadian upstream resources to U.S. defence-grade testing and commercialization pipelines. Beyond these initial efforts, both parties recognize the potential to expand into testing and validation of additional advanced materials within BEACONS’ network, creating a foundation for ongoing joint research and product development across the allied energy and defence ecosystem.
“We identified BEACONS as the ideal collaborator for this vertical given its DoW supported mandate to validate next-generation energy materials under real-world defence and flight-system testing standards,” said Jason Latkowcer, VP Corporate Development. “For investors and allied industries, this collaboration represents a gateway for Focus Graphite into North American and NATO supply chains, helping reduce dependency on adversarial sources and ensuring that critical defence and aerospace equipment are never reliant on foreign-controlled materials.”
“The G7’s focus on critical minerals highlights the urgency of strengthening domestic energy infrastructure. This collaboration positions UT Dallas’s BEACONS as a hub where innovative materials meet rigorous testing and validation, translating promising technologies into deployable solutions for the North American market,” said Dr. Joseph Pancrazio, VP for Research and Innovation at UT Dallas.
Advancing Canada’s Strategic and Environmental Independence in Critical Minerals
The GPI funding will help Canada strengthen secure and low-carbon critical mineral supply chains while reducing dependence on purification infrastructure currently dominated by other countries. Using electrothermal fluidized-bed technology, Focus will demonstrate a clean and scalable purification process.
This project aligns with the goals of Canada’s Critical Minerals Strategy by establishing a domestic purification capability for Canadian-sourced graphite. It will create skilled jobs, support regional economic development, and enable Canadian-controlled production of battery-grade materials. By building this homegrown purification capacity, Focus is helping Canada and its allies process and qualify critical materials within North America, advancing environmental responsibility, energy security, and manufacturing resilience.
Expanding Allied Market Access and Global Qualification Pathways
Through this GPI-funded initiative, Focus will produce and distribute qualification samples to G7 and NATO-aligned partners. The project will also establish Canada’s first commercial-scale graphite purification hub, offering mines, research institutions, and manufacturers a sustainable alternative to imported materials. This initiative directly addresses Canada’s upstream bottleneck in establishing domestic large-scale purification capacity, and complements Ottawa’s Critical Minerals Strategy. Focus looks forward to updating local First Nations communities as the Project advances, to explore opportunities for participation, collaboration, and shared economic benefits in the spirit of respect and partnership.
Focus’s electrothermal platform is designed for clean, high-temperature purification of graphite and, over the longer term, may be adaptable to rare earth element (REE) purification. Current REE processing already uses thermal and pyrometallurgical techniques such as vacuum distillation, molten-salt electrolysis, and fluidized-bed calcination to achieve ultra-high purities. As the demonstration advances, Focus plans to collaborate with Canadian research institutions (e.g. the National Research Council of Canada) to explore how its electrothermal technology could apply to selective impurity removal and de-oxidation in REE flowsheets, potentially opening new avenues for clean, domestic processing of strategic materials.
Qualified Person
Dr. Joseph Doninger, Focus Graphite’s Director of Technology and Manufacturing is the Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects – has reviewed and approved the technical content of this news release. Dr. Doninger is the developer and co-developer of a number of U.S., European and Canadian patents related to carbon processing methodologies and processing equipment. Also, a chemical engineer, Dr. Doninger is the author and co-author of some two dozen technical papers and studies related to graphite composite anodes; carbon-based materials for electrochemical energy storage systems; advanced graphite for Lithium-ion batteries and other related publications.
About the Global Partnerships Initiative (GPI)
Administered by Natural Resources Canada (NRCan), The GPI program fosters international collaboration on critical mineral development and technology deployment that enhance Canada’s leadership in sustainable resource processing, value-added manufacturing and supply-chain security.
About Thermal & Material Engineering Center LLC (TMEC)
TMEC is a leading engineering company specializing in the development and implementation of innovative, science-driven technologies in thermal engineering, thermal processing, chemical catalysis, and materials science. TMEC serves industrial enterprises and research laboratories worldwide.
TMEC’s base spans across the EU (Belgium, France, Ireland, Poland, Slovenia), North America (the U.S., Canada), and Australia.
As of today, TMEC offers a wide range of engineering services, including laboratory research, prototype validation, the design of laboratory and industrial equipment, and the implementation of technological solutions in various industries.
BEACONS fast-tracks energy storage innovation to reclaim domestic authority, closing critical battery technology and manufacturing excellence gaps. Its IP-secure prototyping facilities deliver trusted results, helping companies scale faster, build resilient supply chains, and bolster national security.
Based at The University of Texas at Dallas, BEACONS works with U.S. companies to drive transformative energy storage solutions essential to defense, industry growth, and economic stability from mining to cells to systems.
Supported by the Department of War’s Office of Industrial Base Policy and its Manufacturing Capability Expansion and Investment Prioritization (MCEIP) office, BEACONS plays a key role in the Pathfinder program, accelerating the adoption of new technologies, onshore manufacturing capabilities, and workforce readiness to strengthen America’s energy leadership.
American Energy Technologies Co. (AETC) is a woman-owned, privately-held business which conducts operations out of the greater Chicago area. In its Wheeling, IL facility, AETC operates three business units: a manufacturing plant making battery-ready graphite and carbon materials, a pilot demonstration facility for battery materials and graphite dispersions, and a fully functional applications laboratory supporting the above business units.
AETC works with industrial partners and manufacturing groups worldwide, including the U.S. Department of War, to ensure materials meet performance standards and strategic requirements. Their facilities are equipped for testing, downstream processing, AI-driven manufacturing and carbon material development.
Focus Graphite Advanced Materials is redefining the future of critical minerals with two 100% owned world-class graphite projects and cutting-edge battery technology. Focus Graphite’s flagship Lac Knife project stands as one of the most advanced high-purity graphite deposits in North America, with a fully completed feasibility study. Lac Knife is set to become a key supplier for the battery, defence, and advanced materials industries.
Focus Graphite’s Lac Tetepisca project further strengthens our portfolio, with the potential to be one of the largest and highest-purity and grade graphite deposits in North America. At Focus, they go beyond mining – we are pioneering environmentally sustainable processing solutions and innovative battery technologies, including our patent-pending silicon-enhanced spheroidized graphite, designed to enhance battery performance and efficiency.
Focus Graphite’s commitment to innovation ensures a chemical-free, eco-friendly supply chain from mine to market. Collaboration is at the core of our vision. We actively partner with industry leaders, research institutions, and government agencies to accelerate the commercialization of next-generation graphite materials. As a North American company, we are dedicated to securing a resilient, locally sourced supply of critical minerals – reducing dependence on foreign-controlled markets and driving the transition to a sustainable future.
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could,” “intend,” “expect,” “believe,” “will,” “projected,” “estimated,” and similar expressions, as well as statements relating to matters that are not historical facts, are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events.
In particular, this press release contains forward-looking information regarding, among other things, the anticipated benefits and potential outcomes of the Global Partnerships Initiative (“GPI”) funding award; the design, construction, and commissioning of the Company’s proposed electrothermal purification demonstration facility; the timing, scope, and success of collaborations with the Thermal & Material Engineering Center LLC (“TMEC”) of Ukraine, the University of Texas at Dallas’s BEACONS battery prototyping facility, and American Energy Technologies Co. (“AETC”); the ability of these partnerships to achieve stated technical, engineering, or commercial objectives; and the possible adaptation of the Company’s electrothermal technology to rare earth element purification. Forward-looking information also includes statements regarding the Company’s expectations concerning the scalability, cost-effectiveness, environmental performance, and commercial viability of its purification process; its ability to advance into future project phases or secure additional funding; the establishment of potential downstream or offtake partnerships; and the positioning of the Lac Knife and Lac Tetepisca projects as contributors to North American and allied critical-mineral supply chains.
All such forward-looking information involves known and unknown risks, uncertainties, and other factors-many of which are beyond the Company’s control-that may cause actual results, performance, or achievements to differ materially from those expressed or implied by the statements herein. Such factors include, but are not limited to, uncertainties relating to regulatory approvals, geopolitical events (including the ongoing conflict in Ukraine), supply-chain disruptions, inflationary pressures on capital expenditures, access to skilled labor and materials, fluctuations in graphite and energy markets, the ability to maintain project timelines, and the performance of third-party contractors and partners. There can be no assurance that anticipated technical milestones or commercial outcomes will be realized as planned, or at all.
Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, risks related to market conditions, regulatory approvals, changes in economic conditions, the ability to raise sufficient funds on acceptable terms or at all, operational risks associated with mineral exploration and development, and other risks detailed from time to time in the Company’s public disclosure documents available under its profile on SEDAR+.
The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties, and assumptions contained herein, investors should not place undue reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (“Founders” or the “Company”) is pleased to announce that it has entered into a subscription agreement with Gold Fields Netherlands Services B.V., an affiliate of Gold Fields Limited (JSE: GFI) (NYSE: GFI) (“Gold Fields”), whereby Gold Fields will acquire 12,048,193 common shares of the Company (the “Common Shares”), at a price of $4.15 per Common Share by way of a non-brokered private placement for aggregate gross proceeds of $50,000,000.
Proceeds from the strategic investment will be used for land consolidation, regional exploration activities, working capital, and general corporate purposes at the Company’s Antino Gold Project in southeastern Suriname (“Antino”). National Bank Capital Markets is acting as financial advisor.
Colin Padget, President and CEO of Founders Metals, commented: “We are very pleased to welcome Gold Fields, a top-tier global gold producer, as a strategic partner. Combining Founders’ position as the largest and most advanced gold explorer in Suriname with the technical capabilities of a company having decades of experience developing world-class gold deposits positions us to rapidly advance work at Antino. This partnership further underscores Suriname’s potential as an emerging gold jurisdiction globally. With this capital, we are dedicating our full attention to unlocking Antino’s potential—expanding our land position and aggressively advancing regional-scale exploration across multiple high-grade targets—building value for all shareholders.”
Investor Rights Agreement In connection with the strategic investment, Founders Metals and Gold Fields will enter into an Investor Rights Agreement (the “IRA”) at closing, pursuant to which, and provided that Gold Fields maintains certain shareholding thresholds, Gold Fields will have top-up and financing participation rights, technical committee representation rights, and the right to appoint one nominee to the Company’s board of directors if Gold Fields’ ownership reaches or exceeds 12.5%.
In support of technical collaboration between Founders and Gold Fields, Gold Fields will additionally have the right to second technical staff into Lawa Gold N.V., the project company, subject to acceptance by the Company and in compliance with applicable Surinamese laws and regulations.
Closing and Regulatory Approvals The transaction is expected to close on or about November 10, 2025, subject to customary conditions including TSX Venture Exchange (the “TSXV”) approval. All Common Shares issued pursuant to the subscription will be subject to a four-month and a day hold period in accordance with applicable Canadian securities legislation.
About Gold Fields Limited Gold Fields is a globally diversified gold producer with nine operating mines in Australia, South Africa, Ghana, Chile and Peru and one project in Canada. The Company has a total attributable annual gold-equivalent production of 2.1 Moz, proved and probable Gold Mineral Reserves of 44.3 Moz, measured and indicated Gold Mineral Resources of 30.4 Moz (excluding Mineral Reserves) and inferred Gold Mineral Resources of 11.6 Moz (excluding Mineral Reserves). Gold Fields’ shares are listed on the JSE and American depositary shares trade on the New York Stock Exchange.
About Founders Metals Inc. Founders Metals is a Canadian-based exploration company focused on advancing the Antino Gold Project located in Suriname, South America, in the heart of the Guiana Shield. Antino is 56,000 ha and has produced over 500,000 ounces of gold from historical surface and alluvial mining to date1. The Company is systematically advancing one of Suriname’s most promising gold exploration and development opportunities with drill-confirmed, district-scale potential. Founders is committed to responsible exploration, community engagement, and delivering long-term value to shareholders through technical excellence and strategic growth in the Guiana Shield. 12022 Technical Report – Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo.
ON BEHALF OF THE BOARD OF DIRECTORS,
Per: “Colin Padget”
Colin Padget President, Chief Executive Officer, and Director
Contact Information Katie MacKenzie, Vice President, Corporate Development Tel: 306 537 8903 | katiem@fdrmetals.com
Cautionary Statement Regarding Forward-Looking Information This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, including statements regarding the use of proceeds, entering the IRA, Gold Fields right thereunder and exercise of those rights, approval of the TSXV and the anticipated closing date. Forward-looking information can generally be identified by words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, or variations indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” occur or be achieved.
Forward-looking statements are based on management’s current expectations and reasonable assumptions but are subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results to differ materially from those expressed or implied, including: general business and economic uncertainties; exploration results; mining industry risks; failure to obtain TSXV approval; dilution respecting additional investment in the Company, that the use of proceeds may not be expended as anticipated by the Company, and other factors described in the Company’s most recent annual management discussion and analysis. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors may cause results not to be as anticipated. There can be no assurance that forward-looking information will prove accurate, as actual results and future events could differ materially from those anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All material information on Founders Metals can be found at www.sedarplus.ca.
Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the “Company” or “Doubleview”) is pleased to announce a non-brokered private placement of flow-through shares and non-flow-through units for gross proceeds of up to C$10,000,000 (the “Private Placement”). Proceeds of the Private Placement shall be used to fund the current exploration program and general working capital. Proceeds of the sale of the FT Shares will be used for exploration work on its BC projects, particularly for the polymetallic Hat Project, located in northwestern BC. This work includes drilling, geological advisory and analytical services as well as other development work and other “Canadian exploration expenses” that qualify as “flow-through mining expenditures” (as such terms are defined in the Income Tax Act (Canada) (the “Tax Act”)).The flow-through portion of the Private Placement will consist of up to 5,000,000 flow-through Shares (“FT shares “) at a price of $1.00 per FT share for up to C$5,000,000.
Additionally, the Company will issue up to 7,142,857 hard dollar units (“non-FT Units”) at a price of $0.70 per non-FT Unit, for up to C$5,000,000. Each non-FT Unit will consist of one common share and one full Warrant at an exercise price of $1.00 for 24 months from the date of issue. Each Warrant shall be subject to an accelerated expiry date at the option of the Company in the event the ten (10) day volume-weighted average price of the common shares of the Company on the TSXV for any ten (10) consecutive trading days is $1.25 or more.
Pursuant to applicable Canadian securities laws and in accordance with the TSX Venture Exchange policies, all securities issued under this Offering will be subject to applicable resale restrictions under applicable securities laws and to the Exchange hold period of four-months and one day from the date of issuance. In connection with the Private placement, Doubleview may pay a finder’s fees in accordance with the policies of the TSXV consisting of cash and/or finder’s shares.
The closing of the Offering is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange
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: A1W038) 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
Tonnage
Average Grade
Metal Content
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, please refer to the Company’s July 25, 2024 news release.
Qualified Person:
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 written technical disclosure contained in the news release. He is not independent of Doubleview as he is a shareholder in the company.
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.
The information contained herein contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation (collectively, “forward-looking statements”). Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. All statements, other than statements of historical fact, are forward-looking statements and are based on predictions, expectations, beliefs, plans, projections, objectives and assumptions made as of the date of this news release, including without limitation: the size of the Private Placement and other statements concerning the Private Placement; the anticipated use of proceeds from the Private Placement; the renunciation to the purchasers of FT Shares and timing thereof; the tax treatment of the FT Shares and the Company’s plans regarding exploring its mineral exploration properties; anticipated results of geophysical drilling programs, geological interpretations and potential mineral recovery. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “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 to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate funding on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; risks related to the gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company’s prospects, properties and business detailed elsewhere in the Company’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise any forward-looking statements, other than as required by applicable law, to reflect new information, events or circumstances, or changes in management’s estimates, projections or opinions. Actual events or results could differ materially from those anticipated in the forward-looking statements or from the Company’s expectations or projections.
Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company”) is pleased to announce that Beijer Ref has agreed to offer the Company’s proprietary THERMAL-XR® ENHANCE heat transfer coating as an optional coating solution on Beijer Ref and Kirby branded refrigeration evaporator coils, including the Beijer Patton and Kirby Guardian lines as seen in Figure 1, across all of Beijer Ref’s and Kirby’s approximately 73 wholesale locations in Australia starting from 17 November 2025. Beijer Ref customers electing to have the optional coating solution applied to their Beijer Ref or Kirby refrigeration evaporator coils will contract directly with Beijer Ref, who will enter into a bilateral agreement with the Company, subject to GMG’s standard terms and conditions. This collaboration marks a significant milestone in GMG’s commercialization of its innovative coating products for energy efficiency and corrosion resistance in the HVAC-R industry.
While the collaboration is for an indeterminate period, the Company anticipates that as the advantages of THERMAL-XR® ENHANCE are experienced by customers electing to have the coating applied, the benefits to both Beijer Ref and the Company will support a long-term arrangement. However, at present either party may terminate the collaboration at any time.
Beijer Ref is one of the world’s largest global refrigeration and HVAC wholesalers, headquartered in Malmö, Sweden, with operations spanning more than 40 countries and over 500 branches worldwide, 6,000 employees and 200,000 customers. In Australia, Beijer Ref Group distributes through Kirby, Beijer Ref Australia, SCM REF Australia, and ACD Trade, providing air conditioning and refrigeration equipment, components, and engineering solutions. The company serves diverse sectors such as supermarkets, cold storage, and industrial refrigeration, combining expertise with local manufacturing and distribution capabilities.
GMG’s THERMAL-XR® ENHANCE coating utilizes the Company’s unique graphene-based formulation to improve the thermal performance and longevity of heat exchange surfaces. The application of this coating to Beijer Patton and Kirby Guardian evaporator coils is expected to enhance corrosion resistance, cooling efficiency, reduce energy consumption and provide sustainability benefits across diverse cooling environments. This initiative extends the availability of GMG’s product through Beijer Ref’s extensive distribution network while offering Australian customers improved system performance and energy/emission reduction pathways.
GMG plans to utilize a network of trained and approved HVAC contractors to apply its THERMAL-XR® ENHANCE coating on refrigeration and air-conditioning coils for this roll out for coating Beijer Ref products starting in the capital cities of mainland Australia. Each participating contractor will undergo GMG certification in the GMG SPRAY ACADEMY to ensure they are proficient in the coating’s three-stage process: surface cleaning and preparation, graphene-based coating application, and post-application inspection and maintenance verification. This ensures consistent quality, adherence to safety protocols, and correct use of GMG’s proprietary application methods.
These certified contractors will deliver coating services on-site or at pre-approved GMG spray coating plants nationally, enabling GMG to scale deployment seamlessly through both direct and distributor channels, particularly in collaboration with Beijer Ref and Kirby stores. By drawing on established HVAC service professionals, the Company ensures local availability, rapid turnaround for installations, and full compliance with the quality standards required for quality assurance.
This contractor program forms part of GMG’s strategic commercialization model, where trained technicians act as frontline partners in the installation of graphene-enhanced coatings for end users. The approach maximizes accessibility, maintains warranty integrity, and strengthens GMG’s reputation for technical excellence and customer support across Australia’s HVAC-R market.
GMG’s Chief Executive Officer, Craig Nicol, commented: “We are proud to see THERMAL-XR® ENHANCE incorporated into Beijer Ref’s and Kirby’s product offerings in Australia as an option for their leading HVAC-R products. This partnership demonstrates the growing recognition of graphene-enhanced materials as a viable route to corrosion resistance and greater efficiency in conventional HVAC-R systems. The Company continues to expand its market reach globally through strategic channel partners and remains committed to advancing environmentally responsible technologies through graphene innovation.”
GMG’s Chairman and Non-Executive Director, Jack Perkowski, commented “Congrats to the team – great to see this next step in the roll out of GMG’s global leading energy saving products.”
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, statements regarding the offering of THERMAL-XR® ENHANCE heat transfer coating on Beijer Ref and Kirby branded refrigeration evaporator coils, THERMAL-XR® ENHANCE’s ability to enhance corrosion resistance, cooling efficiency, reduce energy consumption, and provide sustainability benefits across diverse cooling environments, improve system performance and energy/emission reduction pathways, the intention to utilize a network of trained and approved HVAC contractors to apply its THERMAL-XR® ENHANCE coating, the proficiency of contractors in the application of THERMAL-XR® ENHANCE, the delivery of coating services on-site or at pre-approved GMG spray coating plants, the Company’s ability to scale deployment seamlessly, the Company’s ability to ensure local availability, rapid turnaround for installations, and full compliance with the quality standards required for quality assurance, the strategic commercialization model’s ability to maximize accessibility, maintain warranty integrity, and strengthen GMG’s reputation for technical excellence and customer support across Australia’s HVAC-R market, the growth in recognition of graphene-enhanced materials as a viable route to corrosion resistance and greater efficiency in conventional HVAC-R systems, the Company’s continued expansion of its market reach globally through strategic channel partners and the Company’s commitment to advancing environmentally responsible technologies through graphene innovation.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that GMG will be able to take orders and deliveries to meet distributor demand around the worldwide. 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 products may not be available for sales or delivery to meet customers’ expectations.
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.
Radisson Mining Resources Inc. (TSXV: RDS) (OTCQX: RMRDF) (“Radisson” or the “Company“) is pleased to announce assay results from fifteen new drill holes completed at its 100%-owned O’Brien Gold Project (“O’Brien” or the “Project“) located in the Abitibi region of Québec. The fifteen holes represent step-outs below the existing geological model and the historic O’Brien Gold Mine and are part of an ongoing 140,000-metre drill program designed to test the overall scope of gold mineralization at the Project (see Radisson news release dated October 16, 2025). All holes intersected gold mineralization in characteristic quartz-sulphide-gold veins within alteration zones, and thirteen of the holes returned intercepts with grades and thicknesses consistent with the Project’s existing mineral resources.
Today’s results include significant intercepts in three separate step-out locations (Figures 1 & 2), each of which has significance for the potential future growth of the Project’s mineral resources. These are:
Between Trends #1 and #2 at 1,000 Metres Vertical Depth
OB-25-371W5 intersected 10.50 grams per tonne (“g/t”) gold (“Au”) over 6.5 metres, including 14.90 g/t Au over 1.5 metres and including 16.95 g/t Au over 1.0 metre
OB-25-371W4 intersected 11.25 g/t Au over 2.5 metres, including 17.80 g/t Au over 1.5 metres
OB-25-371W6 intersected 4.51 g/t Au over 9.0 metres, including 10.70 g/t Au over 1.5 metres
Beneath the Historic “O’Brien Mine West” at 1,000 Metres Vertical Depth
OB-25-376W1 intersected 9.16 g/t Au over 2.5 metres, including 14.70 g/t Au over 1.1 metres
OB-25-376 intersected 8.05 g/t Au over 2.50 metres, including 15.75 g/t Au over 1.0 metre
Beneath the Historic “O’Brien Mine” at 1,100 Metres Vertical Depth
OB-24-337W11 intersected 7.00 g/t Au over 3.0 metres, including 12.60 g/t Au over 1.5 metres, and 13.00 g/t Au over 1.50 metres
Matt Manson, President & CEO, commented: “Today’s drill results illustrate the extension of classic, high-grade O’Brien gold mineralization across a broad front. We are reporting the first high-grade intercepts beneath the western portion of the historic mine, with drill hole OB-25-376W1 extending mineralization 160 metres below the former mine in this area. Drill hole OB-24-337W11 demonstrates continuity of high-grade mineralization below the main stope of the historic mine. Of particular note, drill holes OB-25-371W4 to W6 returned high-grade mineralization on the western edge of the deep extension of Trend #2, close to the observed extension of Trend #1 (Figures 1&2). This suggests that the apparent gap between these two trends is a function of drill coverage rather than geology, as we have suspected. Closing this gap with new drilling is a priority. With a fully-funded 140,000-metre drill program ongoing and an increase in rigs from the current four to an eventual eight, we are casting a wide net at O’Brien and seeing consistent success.”
Figure 1: Longitudinal Vertical Section and Plan View of Gold Vein Mineralization and Mineral Resources at the O’Brien Gold Project, with Today’s Drill Holes Illustrated
Notes on Calculation of Drill Intercepts: The O’Brien Gold Project Mineral Resource Estimate effective May 6, 2025 (“MRE”) utilizes a 2.20 g/t Au bottom cut-off, a US$2,000 gold price, a minimum mining width of 1.2 metres, and a 40 g/t Au upper cap on composites. Intercepts presented in Table 1 are calculated with a 3.00 g/t Au bottom cut-off. True widths, based on depth of intercept and drill hole inclination, are estimated to be 30-80% of core length. Table 2 presents additional drill intercepts calculated with a 1.00 g/t bottom cut-off over a minimum 1.0 metre core length so as to illustrate the frequency and continuity of mineralized intervals within which high-grade gold veins at O’Brien are developed. Lithology Codes: PON-S3: Pontiac Sediments; V3-S, V3-N, V3-CEN: Basalt-South, North, Central; S1P, S3P: Conglomerate; POR-S, POR-N: Porphyry South, North; TX: Crystal Tuff; ZFLLC: Larder Lake-Cadillac Fault Zone.
Figure 2: Longitudinal Vertical Section of Gold Vein Mineralization and Mineral Resources at the O’Brien Gold Project, with Deep Step-Out Drill Holes Completed and/or Published by the Company since December 2024.
Gold mineralizing quartz-sulphide veins at O’Brien occur within a thin band of interlayered mafic volcanic rocks, conglomerates, and porphyritic andesitic sills of the Piché Group occurring in contact with the east-west oriented Larder Lake-Cadillac Break (“LLCB”). Gold, along with pyrite and arsenopyrite, is typically associated with shearing and a pervasive biotite alteration, and developed within multiple Piché Group lithologies and, occasionally, the hanging-wall Pontiac and footwall Cadillac meta-sedimentary rocks.
As mapped at the historic O’Brien mine, and now replicated in the modern drilling, individual veins are generally narrow, ranging from several centimetres up to several metres in thickness. Multiple veins occur sub-parallel to each other, as well as sub-parallel to the Piché lithologies and the LLCB. Individual veins have well-established lateral continuity, with near-vertical, high-grade shoots developed over significant lengths. Based on the historic data available, it is clear that the former mine was “high-graded”, with mining focussed on a main central stope and parallel veins identified but left undeveloped.
The historic O’Brien mine produced over half a million ounces of gold from such veins and shoots at an average grade exceeding 15 g/t Au and over a vertical extent of at least 1,000 metres. Modern exploration has focussed on delineating well developed vein mineralization to the east of the historic mine, with additional high-grade shoots becoming evident in the exploration data over what has been described as a series of repeating trends (“Trend #s 0 to 5”).
Step-Out Drilling at O’Brien
Since the end of 2024, Radisson has been pursuing a program of broad step-outs beneath the historic O’Brien Gold mine and the existing mineral resources designed to test the extent of mineralization at the Project. This drilling is accomplished with pilot holes followed by wedges and directional drilling to maximize drill efficiency. On October 16, 2025 Radisson announced the expansion of the step-out drill program to 140,000 metres employing an eventual eight drill rigs.
The origin of the step-out drill program was the deep pilot hole OB-24-337, which was the first exploration drill hole located below the former mine workings since mining ended in 1957. This hole intersected 31.24 g/t Au over 8.0 metres, including 242.0 g/t Au over 1.0 metre at approximately 1,500 metres vertical depth (see Radisson news release dated December 16, 2024). With today’s results, assay results from a total of 11 wedges from OB-24-337 have now been reported and up to six gold-bearing veins have been delineated over an area of approximately 250 metres (east-west) by 500 metres (vertical). Included in today’s results is the eleventh wedge, OB24-337-W11, which intersected 7.00 g/t Au over 3.0 metres, including 12.60 g/t Au over 1.5 metres, and 13.00 g/t Au over 1.50 metres approximately 100 metres below the final historic mining stope (Figure 1). This serves to demonstrate the continuity of mineralization from the former mine downwards towards the cluster previously published wedges (Figures 1 & 2; see Radisson news release dated July 16, 2025). Current drilling in this area is focussed on infilling with pilot holes and wedge extensions both above and below the OB-24-337 pattern of wedge branches to test the full continuity of mineralization from the historic mine down to 2 kilometres depth.
Step-out drilling with wedge branches has also confirmed high-grade mineralization 170 metres below the base of the existing mineral resources at Trend #1 and 300 metres at Trend #2. These have included pilot hole OB-24-324, which intersected 27.61 g/t Au over 6.0 metres at Trend #1 (see Radisson news release dated October 30, 2024) and OB-24-363, which intersected 8.41 g/t Au over 2.20 metres, including 14.40 g/t Au over 1.20 metres and 9.07 g/t Au over 1.80 metres, including 12.10 g/t Au over 0.90 metres at Trend #2 (see Radisson news release dated September 8, 2025). Today’s results include six wedges from drill hole OB-25-371, which demonstrate strongly developed, high-grade mineralization on the western edge of the deep extension of Trend #2. These holes include OB-25-371W5, which intersected 10.50 g/t Au over 6.5 metres, including 14.90 g/t Au over 1.5 metres and including 16.95 g/t Au over 1.0 metre (Figures 1&3). The significance of these holes is that the apparent separation of Trend #1 and Trend #2 is based, in part, on a data gap caused by drill rig access restrictions and a lack of drilling (Figure 2). Targeting this gap and testing for continuity of mineralization between Trends #1 and #2, as well as at depth, is a priority of the current drill program.
Today’s results also include the first drill holes located below the western portion of the historic O’Brien Gold Mine, designated “O’Brien Mine West”. As with the main mining area, no exploration had been conducted below O’Brien Mine West since operations ended in 1957. From pilot hole OB-25-376 and wedge branches W1 to W5, five holes returned intercepts with grades and thicknesses consistent with the Project’s mineral resources, including OB-25-376W1, which intersected 9.16 g/t Au over 2.5 metres, including 14.70 g/t Au over 1.1 metres (Figure 1). This now extends gold mineralization at O’Brien Mine West 160 metres below the base of the former mine workings (Figure 4).
Figure 3: Vertical Cross Section through “Trend #2” with Drill Hole Wedges OB-25-371W2 to W6
All drill cores in this campaign are NQ in size. Assays were completed on sawn half-cores, with the second half kept for future reference. The samples were analyzed using standard fire assay procedures with Atomic Absorption (AA) finish at ALS Laboratory Ltd, in Val-d’Or, Quebec. Samples yielding a grade higher than 10 g/t Au were analyzed a second time by fire assay with gravimetric finish at the same laboratory. Mineralized zones containing visible gold were analyzed with metallic sieve procedure. Standard reference materials, blank samples and duplicates were inserted prior to shipment for quality assurance and quality control (QA/QC) program.
Qualified Persons
Disclosure of a scientific or technical nature in this news release was prepared under the supervision of Mr. Richard Nieminen, P.Geo, (QC), a geological consultant for Radisson and a Qualified Person for purposes of NI 43-101. Mr. Luke Evans, M.Sc., P.Eng., ing, of SLR Consulting (Canada) Ltd., is the Qualified Person responsible for the preparation of the MRE at O’Brien. Each of Mr. Nieminen and Mr. Evans is independent of Radisson and the O’Brien Gold Project.
About Radisson Mining
Radisson is a gold exploration company focused on its 100% owned O’Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. A July 2025 Preliminary Economic Assessment described a low cost and high value project with an 11-year mine life and significant upside potential based on the use of existing regional infrastructure. Indicated Mineral Resources are estimated at 0.58 million ounces (2.20 million tonnes at 8.2 g/t Au), with additional Inferred Mineral Resources estimated at 0.93 million ounces (6.67 million tonnes at 4.4 g/t Au). Please see the NI 43-101 “O’Brien Gold Project Technical Report and Preliminary Economic Assessment, Québec, Canada” effective June 27, 2025, and other filings made with Canadian securities regulatory authorities available at www.sedarplus.ca for further details and assumptions relating to the O’Brien Gold Project. For more information on Radisson, visit our website at www.radissonmining.com or contact:
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to the ability to execute the Company’s plans relating to the O’Brien Gold Project as set out in the Preliminary Economic Assessment; the Company’s ability to complete its planned exploration and development programs; the absence of adverse conditions at the O’Brien Gold Project; the absence of unforeseen operational delays; the absence of material delays in obtaining necessary permits; the price of gold remaining at levels that render the O’Brien Gold Project profitable; the Company’s ability to continue raising necessary capital to finance its operations; the ability to realize on the mineral resource and mineral reserve estimates; assumptions regarding present and future business strategies; local and global geopolitical and economic conditions and the environment in which the Company operates and will operate in the future; planned and ongoing drilling; the significance of drill results; the ability to continue drilling; the impact of drilling on the definition of any resource; and the ability to incorporate new drilling in an updated technical report and resource modelling; the Company’s ability to grow the O’Brien Gold Project; and the ability to convert inferred mineral resources to indicated mineral resources.
Any statement that involves discussions with respect to 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”, “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 to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others; the risk that the O’Brien Gold Project will never reach the production stage (including due to a lack of financing); the Company’s capital requirements and access to funding; changes in legislation, regulations and accounting standards to which the Company is subject, including environmental, health and safety standards, and the impact of such legislation, regulations and standards on the Company’s activities; price volatility and availability of commodities; instability in the global financial system; the effects of high inflation, such as higher commodity prices; the risk of any future litigation against the Company; changes in project parameters and/or economic assessments as plans continue to be refined; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks relating to the drill results at O’Brien; the significance of drill results; and the ability of drill results to accurately predict mineralization. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.
Please refer to the “Risks and Uncertainties Related to Exploration” and the “Risks Related to Financing and Development” sections of the Company’s Management’s Discussion and Analysis dated April 29, 2025 for the year ended December 31, 2024, and the Company’s Management’s Discussion and Analysis dated August 27, 2025 for the three-month period ended June 30, 2025, all of which are available electronically on SEDAR+ at www.sedarplus.ca. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Scandium International Mining Corp. (TSXV: SCY) (OTC Pink: SCYYF) (“Scandium International” or the “Company“) is pleased to announce that both Peter Evensen, Chief Executive Officer, and R. Christian Evensen, Chief Financial Officer, have both exercised 400,000 options each at C$0.14.
Following these transactions, the Evensen family owns in aggregate 78,932,092 shares (equal to approximately 22.2% of the outstanding shares) held individually and through Scandium Investments Ltd, 100% owned by members of the Evensen family.
For inquiries to Scandium International Mining Corp, please contact:
Peter Evensen, President and CEO Tel: (775) 355-9500
Cautionary Note Regarding Forward-Looking Information
This news release includes certain information that may be deemed “forward-looking information”. Forward-looking information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “believe”, “continue”, “plans” or similar terminology, or negative connotations thereof. All information in this release, other than information of historical facts, general future plans and objectives for the Company and the Nyngan Scandium Project, are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information.
For more information on the Company and the key assumptions, risks and challenges with respect to the forward-looking information discussed herein, and about our business in general, investors should review the Company’s most recently filed annual information form, and other continuous disclosure filings which are available at www.scandiummining.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
