Category: Metals

Atlas Lithium’s Neves Project Completes Definitive Feasibility Study Estimating 145% IRR and 11-Month Payback

Atlas Lithium Corporation (NASDAQ: ATLX) (Atlas Lithium or Company), a leading lithium development company, is pleased to announce that SGS Canada Inc. (SGS) has completed the Definitive Feasibility Study (DFS) for the Company’s 100%-owned Neves Lithium Project (Project), a technical report prepared under the U.S. guidelines of Item 1300 of Regulation S-K (Regulation S-K 1300). This hard-rock Project is well-suited to being a low-cost open-pit mining operation, as its spodumene deposits are located relatively close to the surface. Located in the state of Minas Gerais, Brazil, the Project encompasses 4 of the 98 mineral rights for lithium owned by Atlas Lithium. As detailed in the DFS, the Neves Project is expected to deliver strong financial metrics with an internal rate of return (“IRR”) of 145%, payback in 11 months from the start of operations, and an after-tax net present value (“NPV”) of $539 million. Importantly, the DFS estimates the Neves Project to have operational production costs of only $489 per tonne of lithium concentrate, positioning Atlas Lithium among the world’s lowest-cost producers. Complete details of these metrics can be found in the DFS, filed with the Securities and Exchange Commission as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. Marc-Antoine Laporte from SGS serves as the Qualified Person for the DFS under Regulation S-K 1300. SGS is well-known as a global leader in testing, inspection, and certification services for mineral properties and projects.

Industry-Leading Capital Efficiency and Low Operating Costs
The DFS supports that expected direct capital expenditures of $57.6 million will be needed for the implementation of the Project, by far the lowest such capital costs among other announced projects in Brazil. Notably, Atlas Lithium has already invested approximately $30 million in acquiring and transporting the Project’s newly fabricated dense media separation (“DMS”) plant to Brazil, as previously reported. The Company has secured two non-dilutive pre-payment agreements for its lithium concentrate totaling $40 million and has received additional funding interest from other parties, including 10-year debt financing options, any of which could support the Project’s capital requirements.

The Company believes that the DFS validates the Project’s strong economics, positioning it among the most capital-efficient and lowest-cost hard-rock lithium developments globally. The Project will employ proven DMS technology, with comprehensive metallurgical testing demonstrating an expected robust lithium recovery rate of 61.7% to produce high-quality, low-impurity lithium concentrate. This relatively straightforward, low-risk DMS processing methodology minimizes technical complexity and operational risk while enabling a low environmental footprint.

Atlas Lithium’s mineral right to be mined, as detailed in the DFS, received its “Portaria de Lavra” (mining concession) status from Brazil’s Ministry of Mines and Energy on May 27, 2025 — the highest level of titleship in Brazil and one that allows continuous mining operations. Multiple deposit areas within the Project remain open for resource expansion along strike and at depth and are thus expected to extend the life of mine. Additionally, numerous high-potential geological targets remain within the Project’s mineral rights, providing compelling opportunities for future exploration.

Located in the established Araçuaí Pegmatite District in the Vale do Jequitinhonha, often called Lithium Valley, the Project benefits from favorable infrastructure, including proximity to transportation networks, water resources, and skilled labor. The Project qualifies for tax incentives from the Superintendency for the Development of the Northeast (SUDENE), as promulgated by Brazil’s Ministry of Integration and Regional Development, reducing the corporate tax rate from 34% to 15.25% and further enhancing profitability.

“The DFS indicates potentially outstanding returns for our initial vision of developing a focused, near-term, profitable lithium production asset with minimal capital requirements,” said Marc Fogassa, Chairman and CEO of Atlas Lithium. “The combination of our low capital intensity and rapid payback period is expected to create exceptional value for our shareholders while positioning Atlas Lithium to benefit from future organic expansion opportunities at Neves and other high-potential lithium areas that we own. Importantly, we are creating many quality employment opportunities in the Vale do Jequitinhonha region, representing a significant societal contribution of our Project.”

Experienced Leadership Driving Project Implementation
Following his leadership role in collaborating with SGS on the DFS, project implementation activities are being supervised by Eduardo Queiroz, Atlas Lithium’s Project Management Officer (PMO) and Vice President of Engineering. Mr. Queiroz has more than two decades of hands-on experience managing complex, large-scale mining projects.

“The DFS demonstrates the technical robustness of the Project, with proven DMS technology and comprehensive metallurgical test work validated by SGS, a premier firm in the lithium space,” said Mr. Queiroz. “With our processing plant fully fabricated and paid for, and now with the DFS in hand, we have systematically de-risked the Project. I am excited to lead the implementation phase of Atlas Lithium’s journey to becoming a lithium producer.”

Salinas and Clear: The Next Expansion Frontier
Atlas Lithium is strategically positioned to capitalize on its extensive regional lithium exploration portfolio in Brazil, particularly through advancement of its Salinas Project and Clear Project, both 100% owned by the Company. Atlas Lithium’s Salinas Project is just 5 miles east of the Colina lithium asset previously owned by Latin Resources — a major factor in Pilbara Minerals’s acquisition of that company in 2024 for approximately $370 million. At the Salinas Project, Atlas Lithium has already achieved promising initial results, including the discovery of spodumene-rich pegmatites very close to the surface, and highly positive results from soil geochemistry and from LIDAR geological mapping.

Atlas Lithium’s Clear Project is located less than 4 miles from Sigma Lithium’s operating lithium mine, and represents significant untapped potential with highly positive results from soil geochemistry and from LIDAR geological mapping.

Diversification in Critical Minerals
Atlas Lithium also owns approximately 30% of Atlas Critical Minerals Corporation (OTCQB: JUPGF), a separate company with exploration programs in uranium, rare earths, titanium, and graphite.

About Atlas Lithium Corporation
Atlas Lithium Corporation (NASDAQ: ATLX) is a lithium development company focused on advancing its Neves Project to production. The Neves Project’s Definitive Feasibility Study demonstrates excellent economics with a 145% IRR, $539 million NPV, and an 11-month payback. The Neves Project has received operational permitting, and its dense media separation plant has been acquired and transported to Brazil. With approximately 539 square kilometers of lithium mineral rights, Atlas Lithium owns the largest lithium exploration footprint in Brazil among publicly listed companies. Additionally, Atlas Lithium currently holds an approximate 30% ownership stake in Atlas Critical Minerals Corporation (OTCQB: JUPGF).

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based upon the current plans, estimates and projections of Atlas Lithium and its subsidiaries and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward-looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: Atlas Lithium’s ability to successfully assemble and begin operations of its modular plant; reaching estimated production, development plans and cost estimates for the Neves Lithium Project as reported in the Definitive Feasibility Study (the “DFS”); discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs, and between estimated and actual production; results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events, and regulatory changes; availability of capital; Atlas Lithium’s ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.

Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled “Risk Factors” in the Company’s Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 28, 2025, and in the Company’s Form 10-Q filed with the SEC on August 4, 2025. Please also refer to the Company’s other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company’s views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.

Investor Relations
Gary Guyton
Vice President, Investor Relations
+1 (833) 661-7900
gary.guyton@atlas-lithium.com
https://www.atlas-lithium.com/
@Atlas_Lithium

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261106

Doubleview Gold Corp Initiates Advanced Exploration Program at Red Spring, Bolstering Its Critical Minerals Portfolio

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) (WKN: LA1W038) (FSE: 1D4) (“Doubleview” or the “Company”) is pleased to announce the commencement of an advanced exploration program at its 90%-owned copper-silver-zinc-gold Red Spring Project, located in central British Columbia, Canada. This initiative marks a significant step in unlocking the project’s full potential and reinforces Doubleview’s commitment to critical mineral development.

Red Spring Project: Inaugural 3D IP Survey Underway

The Red Spring Project, a pillar in Doubleview’s expanding portfolio, is situated in a highly prospective region of central British Columbia, Canada. The Company holds a 90% interest in this compelling copper-silver-zinc-gold project, which has demonstrated strong mineralization in historical drilling, particularly in its central zone. Decades of previous operator activities, including sampling, geophysical surveys, and approximately 4,000 feet of drilling, have laid the groundwork for Doubleview’s current advanced exploration. The project is strategically important to the Company as it strengthens its emphasis on critical minerals.

The first phase of Doubleview’s 2025 exploration program at the Red Spring property comprises an inaugural 3D Induced Polarization (IP) survey. This state-of-the-art three-dimensional geophysical survey will target the Angus Zone, an area of high interest previously sampled and prospected by the Company. The survey is expected to be completed by the end of August 2025.

The 3D IP survey will provide valuable insights into the subsurface geology and will contribute to planning and guiding future drill programs. Farshad Shirvani, President and CEO of Doubleview Gold Corp, commented: “Due to significant third-party interest in the Company’s flagship HAT project, management is strategically advancing exploration at its Red Spring Project, as it has consistently demonstrated strong potential, both historically and through Doubleview’s past exploration efforts. The 3D IP program will provide detailed information and valuable insights with minimal environmental impact. Our goal is to gain a better understanding of the deposit, expand the area of interest, and help define precise targets for further work, including drilling. The Red Spring Project is an important component in Doubleview’s portfolio of properties and emphasizes our focus on critical minerals.”

Doubleview is dedicated to collaborative engagement with local stakeholders and First Nations and strives to apply sustainable exploration methods that ensure minimal land impact.

Hat Polymetallic Deposit Update

Exploration and definition of Doubleview’s flagship Hat Project continues with 2025 drilling surpassing 6,500 meters. Drill hole H099, currently in progress, is approaching the significant 100 drill hole milestone. The preliminary economic assessment (PEA), metallurgy, and environmental baseline studies are continuing and underscore the comprehensive advancement of this significant polymetallic deposit.

About Doubleview Gold Corp

With active programs at both the HAT and Red Spring projects, Doubleview anticipates that 2025 will be its most productive year to date, reflecting the Company’s robust and exciting exploration and development activities.

Doubleview Gold Corp, trading on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (WKN: LA1W038) (FSE: 1D4) is a Canadian-based mineral resource exploration and development company focused on the discovery and advancement of high-value mineral deposits in British Columbia. The Company controls a portfolio of prospective mineral properties, including the Hat polymetallic deposit and the Red Spring copper-gold-silver project.

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 T: (604) 678-9587

E: corporate@doubleview.ca

Website: www.doubleview.ca

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Certain of the statements made and information contained herein may constitute “forward-looking information”. In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260280

Military Metals Announces Grab Sample Results up to 40.6% Antimony and 106.5 gpt Gold from Stockpile of Historically Mined Material at West Gore Antimony-Gold Project, Nova Scotia

Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the “Company” or “MILI”) reports the analyses of five samples of antimony (stibnite) and gold-rich mineralized material taken from a historical mine stockpile at the Company’s 100% owned past producing West Gore antimony-gold project (“West Gore” or “the Project”) located in the Province of Nova Scotia, Canada. These samples were collected as part of efforts to characterize the historical deposit to optimize initial exploration methods. These high-grade results support the documented grades of material historically mined between 1914-1917 when West Gore was one of Canada’s most significant antimony producers during World War One, to support the allied war effort. These results complement the announcement on July 8, 2025 that the Company had identified new drill targets extending well beyond the area of previous mining, plans to commence a drill program are currently being finalized.

Historical Stockpile Sample Highlights:

  • Highest grade sample returned 40.6 percent (%) Antimony and 106.5 Grams Per Tonne (gpt) in sample 247228 (Antimony samples ranged from 2.12% to 40.6%, gold samples ranged from 11.75 gpt to 106.5 gpt
  • Additional high-grade antimony results included 23.5% and 18.1% in samples 247230 and 247232, respectively
  • Additional high-grade gold results included 27.4 gpt and 25.8 gpt in samples 247232 and 247230, respectively
  • Average antimony results over all five samples of 17.94%
  • Average gold results over all five samples of 34.68 gpt
  • 3 high priority drill targets that were never previously identified will be drill tested in an upcoming work program

Scott Eldridge, CEO of Military Metals, stated: “The recent samples collected of up to 40.6% antimony seen in massive stibnite, the mineral that hosts antimony, from our project area have returned some spectacular results, reinforcing our exploration plan to commence drilling. With additional exploration, we can further unlock the potential of our asset and, play a strategic role in the critical minerals supply chain at a time when secure, domestic sources of antimony are in growing demand. Today’s results also demonstrate the gold values that could be an important by-product or co-product as we prepare to drill. We are extremely encouraged by the high antimony and gold grades of these five specimens from the past producing mine at our Nova Scotia project. We look forward to advancing this discovery through further exploration and unlocking its full value for our shareholders. Nova Scotia’s government, led by Environment Minister Tim Halman, has announced updates to the approval process for metal-mining projects aimed at accelerating timelines. In summary, the new rules are designed to streamline mining approvals and benefit industry progress.”

Summary of Results:

Historical documentation reports that 32,000 metric tons were mined at West Gore in turn producing 7,000 metric tons of concentrate grading 46% antimony yielding 3,220 metric tons of antimony metal, and 6,861 ounces of gold (source: NI 43-101 Technical Report for the West Gore Sb-Au Project, May 25, 2021, prepared by M.S. King, PGeo & M.C. Corey PGeo, May 25, 2021, for Battery Elements Corp). This indicates recovered grades of 10.06% antimony and 0.21 ounces per ton (6.5 gpt) gold, historically. Historical mining was both small-scale and selective, almost certainly enhanced by hand sorting at surface prior to processing. Commercial production ceased in 1917.

Table 1 below displays the analytical results for antimony and gold from the five samples. Antimony varies from a low of 2.12 to a high of 40.6%, for an average of 17.94%; gold varies from a low of 11.75 to a high of 106.5 gpt, for an average of 34.68 gpt (uncapped). These grades support the accuracy of historical documentation of mined grades. Of mineralogical interest is the fact that two of the samples, 247230 and 247231, ran 2.01 and 2.81% lead, respectively.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10818/259593_6c12fb9e645578af_001.jpg

Table 1: Sample Results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10818/259593_6c12fb9e645578af_001full.jpg

Note: Grab samples are selective by nature and samples visually estimated to be high-grade were intentionally selected for characterization in this exercise. The results presented in this news release should not be considered overall representative of the historically exploited West Gore deposit or the stockpile from which they were chosen. The historical nature of this stockpile is unknown.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10818/259593_6c12fb9e645578af_002.jpg

Image 1: Sample 247228 Demonstrating Massive Stibnite

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10818/259593_6c12fb9e645578af_002full.jpg

Quality Assurance and Quality Control:

The samples were analyzed at the laboratories of ALS Canada in Vancouver. Samples were crushed, split, ground, split, and a 35 gram portion subjected to a four-acid digestion followed by Induction Coupled Plasma (“ICP”) – Mass Spectrometry (“MS”) analysis. Over-limit samples for gold and antimony (all five of them) were analyzed by fire assay and ICP- Atomic Emission Spectrometry (“AES”) analysis, respectively. Internal Quality Assurance – Quality Control protocols were followed by the lab including blanks, standards, and duplicates to ensure analytical accuracy.

Mining History and Geology of the Region:

Gold in Nova Scotia was first discovered in 1860, which led to gold rushes throughout many parts of the province over the years following. Gold production in the Rawdon hills began in 1884 and continued until 1932 from several mines. Gold deposits of Nova Scotia’s Meguma Terrane typically occur as relatively shallow-dipping, bedding-parallel “saddle reef” type vein systems controlled by regional fold structures. Gold deposits of the Rawdon area, which is found at the east edge of West Gore, are uniquely characterized by the occurrence of steeply east-dipping gold-bearing veins striking north-northwest across bedding. The Government of Nova Scotia’s Mineral Occurrence Database reports that historical production from the Rawdon Hills area mines totaled 13,494 ounces. Antimony is a common accessory element in many gold mines around the world, occasionally occurring in higher concentrations.

The technical contents of this release were reviewed and approved by David Murray PGeo, President and Principal Consultant of Resourceful Geoscience Solutions Inc. of Halifax, Nova Scotia, a consultant to the Company, and qualified person as defined by National Instrument 43-101. Mr. Murray has independently verified that the historical information presented here about the West Gore deposit is consistent with the historical records available.

For more information about Military Metals Corp. and its critical minerals initiatives, please visit: https://www.militarymetalscorp.com.

LinkedIn: https://www.linkedin.com/company/military-metals/
X: https://x.com/militarymetals
Facebook: https://www.facebook.com/profile.php?id=61564717587797

About Military Metals Corp.

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.

ON BEHALF OF THE BOARD of DIRECTORS

For more information, please contact:

Scott Eldridge
CEO and Director

scott@militarymetalscorp.com or info@militarymetalscorp.com

For enquiries, please call 604-537-7556

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 statements related to the Company’s exploration of the Project, including exploration activities at West Gore such as its anticipated future drill program, and the potential for further activities beyond the exploration stage, or the ability of the Company to be part of the supply chain of either antimony or gold. 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. 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.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259593

Professor Emeritus Doug Hargreaves AM to Join GMG’s Technical Advisory Committee Additions

Graphene Manufacturing Group Limited (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company”) is pleased to provide an update to the composition of the Company’s Technical Advisory Committee which will support the Company as it proceeds into its next phase of development.

The Company is pleased to announce the addition of Professor Emeritus Doug Hargreaves AM (Australia) to the Company’s Technical Advisory Committee, adding deep insight, experience and connections to GMG.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/259441_b86d67f984d8eb7f_001full.jpg

Professor Emeritus Doug Hargreaves AM

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/259441_b86d67f984d8eb7f_001full.jpg

  • Doug is a highly respected Professor Emeritus of Engineering at Queensland University of Technology (QUT), a member of the Order of Australia, previous National President and an Honorary Fellow of the Engineers Australia, Board Member of the Federation of Engineering Institutions in the Asia Pacific and the Executive Officer of the Australian Council of Engineering Deans. Doug has a Doctor of Philosophy (PhD) and a Masters of Science (MSc) with Distinction in Tribology from the University of Leeds. He serves on multiple Committees and Technical Advisory Boards.

Doug joins Bob Gaylen (USA), Company Director and the other member of the Technical Advisory Committee.

  • Bob is a highly experienced executive in the battery energy storage world and science/engineering-based communities. Bob was previously the Chief Technology Officer (CTO) of Contemporary Amperex Technology Company Limited (CATL). CATL is widely known as the largest lithium ion battery manufacturer in the world — supplying electric vehicles and high efficiency storage systems. He serves on multiple Committees of Directors and Technical Advisory Boards.

GMG’s Managing Director and CEO, Craig Nicol, commented: “We welcome Doug to the global GMG team and we look forward to his valuable insights and working with him as we bring GMG’s novel product portfolio to various industries around the world.”

GMG’s Director, Bob Galyen, commented: “Welcome Doug — I look forward to your valuable contribution to the Technical Advisory Committee and help supporting the commercialisation of GMG’s world leading 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:

  1. Produce Graphene and improve/scale production processes
  2. Build Revenue from Energy Savings Products
  3. Develop Next-Generation Battery
  4. Develop Supply Chain, Partners & Project Execution Capability

For further information please contact:

  • 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.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, the development of GMG’s product portfolio and the role of the Technical Advisory Committee in doing so.

Such forward-looking statements are based on a number of assumptions of management, including access to capital for growth, growth of sales based on ongoing customer feedback, technical product development and scale-up progress, manufacturing and supply chain can be scaled accordingly, the market will accept and buy the Company’s products within the required timeframe, the Company will maintain regulatory compliance and will recruit and retain talent required for growth, the Company will be able to manage geopolitical factors and protect its intellectual property. 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: financial viability, technical development and scale-up uncertainty, manufacturing and supply chain complexity, market acceptance, regulatory compliance, talent retention, geopolitical factors, and protection of intellectual property. and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 3, 2024 available for review on the Company’s profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259441

Doubleview Gold Corp Provides Comprehensive Update on Its Flagship Project – the Polymetallic Hat Deposit

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) (WKN: LA1W038) (FSE: 1D4) (“Doubleview” or the “Company”) is pleased to provide a detailed update on its 100%-owned polymetallic Hat Deposit strategically located in northwestern British Columbia, Canada.

Polymetallic Hat Deposit — Momentum Builds for Resource Enhancement and Scandium Metallurgy

The Company is currently executing its most extensive field activities to date at the Hat Project. The 2025 drill campaign is well underway and seamlessly connecting to the successes of the previous seasons, significantly advancing our geological understanding and laying a robust foundation for an updated mineral resource estimate which will be part of the preliminary economic assessment.

In the Company’s ongoing 2025 exploration program, Doubleview has completed 4,500 meters of diamond drilling across 7 new holes, with an average depth of approximately 665 meters. This includes drill hole H096, which impressively reached a total depth of 922.5 meters. These efforts have successfully targeted intended zones within the deposit, providing invaluable information for resource modeling and estimation. The drill core photos at the end of this news release show a few select mineralization intercepts.

Looking ahead, the next phases of drilling will focus on evaluating the eastern edges and reaching into the deeper parts of the Hat deposit, with the objective of further expanding the known mineralization footprint and understanding the genesis of the deposit.

Scandium Recovery Studies — A Strategic Priority

Given the critical importance of scandium — a highly sought-after rare earth mineral in North America — Doubleview is placing special emphasis on its extraction and recovery from Hat deposit with the objective of developing an achievable process to produce an economical and marketable product.

Three accredited professional metallurgical facilities are independently conducting parallel testwork on the Hat Deposit’s samples. Diverse methodologies are employed during the bulk processing by each entity. While final results are anticipated, interim meetings and discussions have been extremely encouraging, suggesting significant recovery potential for scandium. These studies are integral to the mineral resource evaluation and will define the best marketable product.

Preliminary Economic Assessment (PEA)

The Preliminary Economic Assessment (PEA) for the Hat Deposit is currently underway across several disciplines. This includes incorporating the updated Mineral Resource Estimate (MRE) Version 2, which will integrate all drill hole results of the 2024 drill campaign. Many other aspects of the mineral deposit’s final modeling and evaluation are simultaneously progressing. Notably, scandium would potentially be added to the resource evaluation, which could further enhance the project’s economic outcome. The completed PEA will represent the conclusion of the due diligence process for several interested parties that may potentially join the Company in developing the Hat Deposit.

Environmental and Permitting Pathway Advances

In a forward-looking initiative, Doubleview commissioned environmental baseline studies to a leading engineering company. This work includes the design of an environmental permitting road map for the Hat Project. The goal is to ensure all data is collected within the guidelines of relevant future permitting processes. This early-stage information is vital for forthcoming advanced studies designed to help the project progress efficiently.

Archaeological Impact Assessment studies (AIA) have successfully been completed and accepted by the Archaeology Branch of British Columbia. The presented results of these studies are an important step in journey of the development of the Hat Project.

Executive Commentary:

Farshad Shirvani, M.Sc., Geology, President and CEO of Doubleview Gold Corp:

“Our commitment to advancing critical mineral projects is unwavering. The ongoing work at our Hat deposit, from aggressive drilling to pioneering scandium metallurgy, underscores our dedication to creating long-term value for all stakeholders. We are building a robust foundation for the future, strategically positioning Doubleview at the forefront of the polymetallic and critical minerals landscape in British Columbia.

The exciting developments at the Hat Project have garnered significant interest with globally leading investment entities, sovereign wealth funds, as well as top-tier mining companies who envision themselves as pillars of the future of critical metals, such as scandium, copper and cobalt. This led to promising high-level discussions with these interested parties. We find ourselves at a unique juncture, and I strongly believe we are diligently exploring all opportunities presented to us to maximize our shareholders’ success.”

Drill core photos of a few select mineralization intercepts



To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/259000_img1.jpg



To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/259000_img2.jpg



To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/259000_img3.jpg



To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/259000_img4.jpg



To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/259000_img5.jpg



To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/259000_img6.jpg



To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/259000_img7.jpg



To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/259000_img8.jpg



To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/259000_img9.jpg



To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/259000_img10.jpg

About Doubleview Gold Corp

Doubleview Gold Corp, TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (WKN: LA1W038) (FSE: 1D4). is a Canadian-based mineral resource exploration and development company focused on the discovery and advancement of high-value mineral deposits in British Columbia. The Company controls a portfolio of prospective mineral properties, including the Hat polymetallic deposit and the Red Spring copper-gold-silver project.

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 GradeMetal Content
CuEqCuCoAuAgCuEqCuCoAuAg
Mt%%%g/tg/tmillion 
lb		million
 lb		million
 lb		thousand ozthousand oz
In PitIndicated1500.4080.2210.0080.190.421,353733289292,045
Inferred4770.3440.1850.0090.150.493,6191,945912,3287,575

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

T: (604) 678-9587
E: corporate@doubleview.ca

Website: www.doubleview.ca

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259000

Graphene Aluminium Ion Battery Patent Granted and GMG and The University of Queensland Enter into New Collaboration Agreement

Graphene Manufacturing Group Limited (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company”) is pleased to announce that the patent for the Company’s Graphene Aluminium Ion Battery has been granted in Australia and GMG is progressing its patenting process in various other countries. The University of Queensland (UQ) holds the patent and GMG has a worldwide exclusive commercialisation license. Figure 1 shows a typical Graphene Aluminium Ion Battery Pouch Cell Prototype which GMG is currently co-developing with Rio Tinto and UQ.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/258713_gmg_figure1_550.jpg

Figure 1: Typical G+AI Battery Pouch Cell Prototype

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/258713_gmg_figure1_550.jpg

Furthermore, GMG has signed a Collaborative Research Agreement with UQ – Australian Institute for Bioengineering and Nanotechnology (AIBN) to continue its collaboration on the Graphene Aluminium Ion Battery. UQ is also a recipient of AU$880,000 of Australian Government grant funding to further develop the Graphene Aluminium Ion Battery.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/258713_gmg_figure2_550.jpg

Figure 2

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/258713_gmg_figure2_550.jpg

GMG and UQ started working on an Australian Research Council (ARC) Linkage Project in 2021 to co-develop the Graphene Aluminium Ion Battery and this will now continue under this new Collaborative Research Agreement.

The Agreement sets out, among other things, the way in which pre-agreed GMG and UQ personnel can work at each other party’s premises and the intellectual property rights and obligations for each party. It also provides that GMG has the exclusive first right to negotiate an exclusive license to use any of the work UQ develops under this Agreement.

UQ’s Professor Alan Rowan, AIBN Executive Director, commented “We look forward to continuing our strong research and development relationship with the world leading clean technology company GMG and deepening our knowledge on the graphene aluminium ion battery technology.”

GMG’s Managing Director and CEO, Craig Nicol, commented: “GMG is very pleased to continue working with the world leading UQ AIBN team and collaborating with them to co-develop our next generation Graphene Aluminium Ion Battery.”

As previously announced on March 3, 2025, GMG has entered into a service contract with the Battery Innovation Center (BIC) of Indiana in the United States of America to support the next phase of development of the Graphene Aluminium Ion Battery. As a result, GMG is no longer focused on a project to construct an Automated Battery Pilot Plant at its Richlands Australia headquarters at this time. GMG and the State of Queensland have mutually agreed to an early termination of the Queensland Critical Minerals and Battery Technology Fund Agreement between the parties.

About UQ & AIBN:

Ranked in the world’s top 50, The University of Queensland is one of Australia’s leading research and teaching institutions. As part of UQ, the Australian Institute for Bioengineering and Nanotechnology (AIBN) is a leading research institute which tackles global challenges in health, energy, and the bioeconomy. It works on projects like mRNA manufacturing, diagnostics, and sustainable solutions. AIBN collaborates with industry and government and are known for their work in advanced biomanufacturing, nanoengineered materials, and precision nanomedicine.

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:

  1. Produce Graphene and improve/scale cell production processes
  2. Build Revenue from Energy Savings Products
  3. Develop Next-Generation Battery
  4. Develop Supply Chain, Partners & Project Execution Capability

For further information please contact:

  • 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.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, the development of the Graphene Aluminium Ion Battery Pouch Cell Prototype, the future collaboration between GMG and UQ-AIBN, the further development of the Graphene Aluminium Ion Battery and GMG’s intentions for the Automated Battery Pilot Plant at its Richlands Australia headquarters, the further development of the Graphene Aluminium Ion Battery with the BIC of Indiana.

Such forward-looking statements are based on a number of assumptions of management, including amongst others, the successful repeatability and scalability of the Graphene Aluminium Ion Battery cells, the successful electrochemistry optimisation of the Graphene Aluminium Ion Battery, the energy density of the Graphene Aluminium Ion Battery reaches the required performance level for customer adoption, successful customer adoption of the Graphene Aluminium Ion Battery, successful pilot plant and production scale up of the Graphene Aluminium Ion Battery, the Graphene Aluminium Ion Battery is competitive against other technologies with respect to cost, performance, safety and other parameters, the Graphene Aluminium Ion Battery safety is validated by external testing and customers, the Company is able to get the required approvals for production and sale of the Graphene Aluminium Ion Battery, the Graphene Aluminium Ion Battery expected costs are within acceptable range to produce and sell profitably, the Company can fund the capital required to produce the Graphene Aluminium Ion Battery at scale and global market trends continue to incentivise industries to adopt batteries for use. 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: technical risks for the repeatability, scalability, electrochemistry optimisation and performance uncertainty, commercialisation risks for the pilot plant success, customer testing, market adoption and industry inertia, safety and regulatory risks for the safety validation and regulatory approvals, supply chain risks for the sourcing of raw materials and local manufacturing challenges, financial and market risks for the capital requirements and market volatility, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 3, 2024 available for review on the Company’s profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258713

GMG Commencing Sales of G(R) Lubricant and Advancing Regulatory Approvals

Graphene Manufacturing Group Limited (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company”) is pleased to announce that G® Lubricant has commenced both website sales and direct sales to end customers in a number of countries and regions around the world, including Australia, the United Kingdom, Europe, China, Canada and the United States.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/257925_d07d9f6f6459b855_001.jpg

Figure 1

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/257925_d07d9f6f6459b855_001full.jpg

Buy Now at: www.G-Lubricant.com

GMG has received formal requests to distribute G® Lubricant in a number of additional countries and is working through the process to commence these distribution deals, including packaging and labelling updates to address country-specific requirements for sales to commence.

GMG is commencing the process to register the G® Lubricant product with the European Chemicals Agency under the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regulation to ensure large quantities of the product can be sold in Europe. This process can take up to three months to complete. GMG is also engaging consultants for assistance in obtaining USA EPA approval for G® Lubricant.

GMG provides the following updates with respect to other actions that the Company is taking to further develop sales of G® Lubricant:

  • GMG is discussing scaling partnership possibilities for G® Lubricant with large oil and gas companies and original equipment manufacturers around the world.
  • G® Lubricant is being actively used in a number of large truck fleets and GMG is awaiting product performance feedback from these trials, which is anticipated within the next few months.
  • GMG has shared a number of “how to” explainer videos performed by Chief Development Officer Paul Mackintosh on YouTube which show how to add G® Lubricant to some of the major global lubricant brand products:
Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/257925_d07d9f6f6459b855_004full.jpg

G® Lubricant being mixed into Shell Rimula R4X Engine Oil:
https://youtube.com/shorts/SXXT99EqyEE?si=3VgoKf1V824XxS28

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/257925_d07d9f6f6459b855_003full.jpg

G® Lubricant being mixed into Castrol GTX Engine Oil:
https://youtube.com/shorts/gnpUtfoUuD8?si=GPGDw-YATyEpcPpM

  • GMG has committed to spend over AU$200,000 over the next year of promotional advertising in Australia with an integrated newspaper, magazine, website and radio advertising campaign targeting the trucking and transport industry.
  • GMG is currently spending over AU$200,000 (on an annualised basis) on online promotional campaigns across Meta (Facebook and Instagram), Google (Google Ads and YouTube) and LinkedIn of G® Lubricant to the targeted truck market in a number of key countries around the world. The online campaigns include GMG’s explainer video on YouTube:
Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/257925_d07d9f6f6459b855_005.jpg

G® Lubricant Explainer Video
https://youtu.be/29DnDDDLK4I?si=izlq4_JOm93FOY4V

  • GMG is in the process of onboarding a number of new sales team members around the world to support the sales of its products. GMG will continue to bring on new sales team members in line with sales growth.
  • GMG is actively reviewing and managing how to expand its G® Lubricant production and packaging systems in line with sales estimates – including external packaging third party contractors where it sees value in doing so.

GMG’s Managing Director and CEO, Craig Nicol, commented: “It is great to see the welcome G® Lubricant has received by the industry – we look forward to growing sales through new distributors and potential partners for scale.”

GMG’s Chairman and Director, Jack Perkowski, commented: “Commencing sales is the first step to bringing the product to market – congratulations team!”

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:

  1. Produce Graphene and improve/scale cell production processes
  2. Build Revenue from Energy Savings Products
  3. Develop Next-Generation Battery
  4. Develop Supply Chain, Partners & Project Execution Capability

For further information please contact:

  • 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.

Cautionary Note Regarding Forward-Looking Statements

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, GMG’s intention to commercialise and market G® Lubricant, future distribution of G® Lubricant, registration and receipt of regulatory approval of G® Lubricant in applicable jurisdiction, potential partnership opportunities involving G® Lubricant, performance results of G® Lubricant in truck fleets, expenditures allocated to marketing and promotional activities, addition of sales employees subject to sales growth, ongoing review of production and packaging expansion capabilities, the potential market for G® Lubricant and the potential revenue available for G® Lubricant.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation that G® Lubricant has the potential to optimize efficiency and power for stationary or mobile engines, that GMG will continue to commercialize and market G® Lubricant, continued development of distribution channels of G® Lubricant, that the Company’s registration and regulatory approval applications will progress as anticipated, continued development of partnership opportunities involving G® Lubricant, receipt of performance outcomes of G® Lubricant in truck fleets, that the marketing and promotional expenditures will be consistent with forecasts, addition of new sales employees, continued review of production and packaging expansion capabilities, and that the potential market and revenue available for G® Lubricant will be as currently forecasted. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that G® Lubricant will not offer an innovative solution that optimizes efficiency and power for stationary or mobile engines, that GMG will not commercialize and market G® Lubricant as anticipated, failure by GMG to develop distribution channels for G® Lubricant, failure by GMG to secure partnership involving G® Lubricant, that the marketing and promotional expenditures are different than anticipated, failure to add new sales employees, unfavourable performance results of G® Lubricant in truck fleets, inability of the Company to complete review of production and packaging expansion capabilities that the potential market and revenue available for the G® Lubricant product is not as currently calculated, risks relating to the extent and duration of current geopolitical conflicts and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals or complete necessary registrations, the Company’s ability to attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 3, 2024 available for review on the Company’s profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257925

Kincora Secures Strategic North American Investors and Announces Private Placement

Copper-gold explorer and project generator Kincora Copper Limited (TSXV: KCC) (ASX: KCC) (“Kincora” or “the Company”) is pleased to announce that it proposes to undertake a non-brokered private placement (the “Offering”) at C$0.30 per unit (the “Units”) to raise up to C$4,000,000. All prices and share numbers in this release assume completion of a 10:1 consolidation (“Consolidation”) prior to or concurrent with the Offering.

The Offering is subject to the TSX Venture Exchange (the “Exchange”) acceptance and approvals required under the Australian Securities Exchange (“ASX”) Listing Rules, as well as other regulatory approvals. Concurrent with, or prior to the Offering, the Company intends to complete a consolidation (the “Consolidation”) of the issued and outstanding common shares issued on the Exchange and Chess Depositary Interests (“CDIs”) on the ASX on the basis of ten (10) pre-Consolidation shares being consolidated to one (1) post-Consolidation share. Existing options will be consolidated on the same basis. The Consolidation will be subject to approval from the Company’s shareholders, the Exchange, and ASX.

The Units will comprise one common share (a “Share”) and one common share purchase warrant (a “Warrant”), each Warrant entitling the holder to acquire a further common share at a price of C$0.50 for a term of three (3) years. The Shares will be subject to a one (1) year hold period from the closing date and such other restrictions as may be required by applicable securities laws and stock exchange rules. Fifteen (15) months after the closing date, the Company will have the right to accelerate the expiry date of the Warrants (the “Acceleration”) if the weighted average closing price of the Company’s common shares on the Exchange equals or exceeds C$0.75 (the “Acceleration Price”) for 20 consecutive trading days (the “Acceleration Event”). Upon the occurrence of the Acceleration Event, the expiry date of the Warrants will then be 30 days from the date of issue of a news release announcing the Acceleration.

“This relatively unique financing structure puts Kincora in a strong position to leverage and accelerate our strategy of more drilling, more asset level deals, more management fees and discoveries,” Cameron McRae, Chairman of Kincora, and Sam Spring, President and CEO.

“We’re especially pleased to have this strategy endorsed and financing supported by a number of leading North American natural resource sector investors, including Rick Rule and Jeff Phillips, and other new and existing respected institutional and accredited investors.”

The Company plans to use the net proceeds to fund its ongoing project generation strategy, undertake significant drilling at its 100% owned gold-base metals Condobolin project, as well as for general working capital and corporate purposes.

The Offering is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the Exchange and shareholder approvals required by the ASX. In the event the Company completes the Consolidation at a ratio other than the 10:1 ratio referenced above, certain provisions of the Offering will be adjusted accordingly, including the price per Unit, the Warrant exercise price and the Acceleration Price. Completion of the Consolidation will be subject to regulatory and shareholder approval. All Warrants underlying the Units will be subject to a four (4) month plus one day hold period and Shares underlying the Units will be subject to a one (1) year hold period from closing.

A portion of the Offering is expected to include a related party transaction within the meaning of Multilateral Instrument 61-101 given the expected participation of one or potentially more existing insiders. The Company is relying on the exemptions in sections 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101 from the valuation and shareholder approval requirements based on the fact that the fair market value of the transactions (as it concerns related parties) is not more than 25% of the market capitalization of the Company.

The Company may pay finders’ fees in connection with the Offering in accordance with the policies of the Exchange.

The Company also announces that, effective July 7, 2025, (the “Grant Date”), its Board of Directors has granted an aggregate of 3,266,927 stock options (on a post-Consolidation basis) of the Company to certain directors, officers, and consultants of the Company, with all of such stock options (the “Conditional Options”) being subject to the receipt of the applicable approval of the disinterested shareholders of the Company, acceptance of the Exchange and approvals required under the ASX Listing Rules. All such stock options shall be exercisable to purchase one common share in the capital of the Company at $0.50 per Share (on a post-Consolidation basis) for a period of three (3) years from the Grant Date and such other terms as may be acceptable to the Exchange.

The Conditional Options, together with an amended equity incentive plan that will sufficiently increase the reserve of stock options available to the Company, will be presented to the disinterested shareholders of the Company for review and consideration and, if satisfactory, approval at an upcoming Annual General and Special Meeting of Shareholders of the Company.

This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Kincora Copper

Kincora Copper Limited (ASX: KCC) (TSXV: KCC) is an emerging Australia-focussed copper-gold explorer and project generator. The Company is now successfully proving up the prospectivity of its extensive project portfolio, which includes multiple district-scale landholdings and scalable drill ready targets. These assets are located in Australia’s Macquarie Arc and Mongolia’s Southern Gobi, two of the globe’s leading porphyry belts, and the historical Condobolin mining field within the southern section of the Cobar superbasin in New South Wales, Australia.

Kincora is using an asset level partner model to develop and implement exploration strategies for its wholly-owned large-scale exploration stage porphyry projects. It has already unlocked over $110 million of potential partner funding for multiple earlier stage and/or non-core porphyry projects, which has resulted in over A$5.5-million of partner funding and 11,000m of drilling to date. Partner discussions are ongoing for its remaining 100% owned flagship projects that are all situated within existing porphyry camps containing over 20 million ounce gold equivalent resource inventory at third party mines and deposits.

These partner agreements, when combined with others in the pipeline, are targeted to provide sufficient project management fees for the Company to be self-funding (covering corporate costs and maintenance of remaining wholly owned projects).

Kincora is adopting a different exploration funding model for its Condobolin project, which hosts the historical Condobolin open cut gold and base metals mining field located within the southern section of the emerging Cobar Superbasin. The length of time and capital required to both advance and add significant value to this project is expected to be materially less than that needed to similarly progress the Company’s porphyry projects.

To learn more, please visit: www.kincoracopper.com

This announcement has been authorised for release by the Board of Kincora Copper Limited (ARBN 645 457 763)

For further information please contact:

Sam Spring, President and Chief Executive Officer
sam.spring@kincoracopper.com or +61431 329 345

Executive office
400 – 837 West Hastings Street
Vancouver, BC V6C 3N6, Canada
Tel: 1-604-630-7296		Subsidiary office Australia
C/- JM Corporate Services
Level 6, 350 Collins Street
Melbourne, VIC, Australia 3000

Forward-Looking Statements

Certain information regarding Kincora contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: Rick Rule and Jeff Phillips’ participation in the Offering; the intended use of proceeds of the Offering; the completion of the Offering; the amount raised under the Offering; the completion of the Consolidation; the Consolidation ratio; adjustment of the price per Unit; Warrant exercise price and Acceleration Price due to the Consolidation; shareholder and regulatory approval of the Consolidation; Exchange acceptance and approvals required under the ASX Listing Rules of the Offering; the acceleration of the Company’s strategy as a result of the financing structure; the Company’s capitalization post-Offering, amongst other potential items. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Readers are cautioned not to place undue reliance on forward-looking information and statements.

Forward-looking information involves numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking information. These risks and uncertainties include, among other items: market volatility; the state of the financial markets for the Company’s securities; fluctuations in commodity prices and investor sentiment; changes in the Company’s business plans; and, operating environments. Although Kincora believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Kincora cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what Kincora currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include: market prices; exploitation and exploration results; participation in the Offering; shareholder and regulatory approval of the Consolidation; regulatory approval of the Offering; continued availability of capital and financing and general economic; market or business conditions; and, investor sentiment. Accordingly, readers should not place undue reliance on forward-looking information and statements. Readers are cautioned that reliance on such information and statements may not be appropriate for other purposes.

The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and is subject to change after that date. Kincora does not assume the obligation to revise or update these forward-looking statements, except as may be required under applicable securities laws.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) or the ASX accepts responsibility for the adequacy or accuracy of this release.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257911

ASN: Anson Signs MoU with POSCO Holdings for DLE Demonstration Plant Development at Green River

Anson Resources and POSCO Holdings have signed a non-binding MoU to develop a DLE Demonstration Plant at Green River Lithium Project

  • Anson Resources and POSCO Holdings have signed a non-binding MoU to develop a large scale DLE Demonstration Plant at Green River.
  • POSCO Holdings plans to construct a Demonstration Plant to test DLE technology and has initiated a review of Anson’s Green River Lithium Project.
  • POSCO Holdings plans to fully fund the plant, invest in all required infrastructure and operating costs, including a site lease fee, for the scaled demonstration testing.

Anson Resources Limited (ASX:ASN) (Anson or the Company) is pleased to announce that it has executed a non-binding Memorandum of Understanding (MoU) with POSCO Holdings Inc. (KRX: 005490, NYSE: PKX) to collaborate on the construction of a demonstration plant at the Green River Lithium Project (“Project“) in the Paradox Basin, southern Utah, USA. The parties will also explore future partnership opportunities at the Project.

POSCO Holdings will make an investment decision on the demonstration plant at the Green River Lithium Project through the finalisation of its due diligence and internal review, expected to be completed by December 2025.

The two companies will also explore potential business cooperation opportunities, including joint investment in the Project, contingent on positive feasibility outcomes.

The Green River Lithium Project, owned by Anson Resources’s subsidiary, Blackstone Minerals NV LLC, offers compelling advantages, including low forecast production costs, ready access to existing infrastructure and a skilled local workforce. The Project sits in a strategic location within the United States to support the growing demand for domestically sourced EV battery materials.

POSCO Holdings has been conducting long-term R&D and investment reviews on next-generation lithium resources such as brine and geothermal brine for several years, utilising its comprehensive experience in lithium extraction and operational know-how, paired with its deep experience in chemicals trading and distribution.

The demonstration plant is a scaled-up version of a pilot plant designed to validate a new industrial process at a larger, commercially relevant scale before full-scale construction. The Demonstration Plant will operate on a continuous process basis to closely resemble that of the anticipated future commercial plant as well as generating significant quantities of product.

Executive Commentary
Executive Chairman & CEO, Mr. Bruce Richardson commented:
“This MoU agreement with POSCO Holdings represents another significant milestone in our commercialisation strategy and underscores the progress Anson has made in de-risking the Green River Lithium Project. The Project’s ongoing progress continues to attract additional top-tier partners who are contributing to the establishment of Green River as a globally attractive asset.

POSCO Holdings is a world-class chemicals producer with deep operational experience, and their interest further validates the quality and strategic potential of the Project.

As the global supply chain for lithium shifts toward secure, domestic sources, Anson is uniquely positioned to support this demand from within the U.S., offering low-cost, high-purity lithium production.

With forecast-leading production costs, strong local infrastructure, and a highly skilled workforce, the Green River Lithium Project is emerging as one of North America’s most compelling lithium development opportunities.”

POSCO Holdings spokesperson commented:
“This collaboration with Anson Resources represents a strategic opportunity for POSCO Holdings to strengthen our position in the North American lithium market. Through collaboration on the Green River Lithium project, we will verify the commercialization potential of DLE technology and its business feasibility in the United States. We believe our operational know-how, commercial expertise, combined with Anson’s high-quality asset, can create significant value for both companies and contribute meaningfully to the US supply chain and manufacturing.”

About POSCO Holdings
POSCO Holdings Inc. (KRX: 005490) is a leading South Korean industrial group with strategic investments across steel, energy, and battery materials. POSCO Group is developing a global supply chain to support the transition EV and has invested in a total of 93,000 tonnes of lithium production annually in Argentina and South Korea. The company has made significant investments in both brine and hard-rock lithium resources across South America and Australia and is advancing proprietary Direct Lithium Extraction (DLE) technologies to accelerate low-carbon lithium production.

This announcement has been authorized for release by the Executive Chairman and POSCO Holdings.

About Anson Resources Ltd
Anson Resources (ASX: ASN) is an ASX-listed mineral resources company with a portfolio of minerals projects in key demand-driven commodities. Its core assets are the Green River and Paradox Lithium Project in Utah, in the USA. Anson is focused on developing these assets into a significant lithium producing operations. The Company’s goal is to create long-term shareholder value through the discovery, acquisition and development of natural resources that meet the demand of tomorrow’s new energy and technology markets.

For further information please contact:

Bruce Richardson
Executive Chairman and CEO
E: info@Ansonresources.com
Ph: +61 7 3132 7990

Will Maze
Head of Investor Relations
E: investors@Ansonresources.com
Ph: +61 7 3132 7990

SOURCE: Anson Resources

Founders Metals Hits 22.5 m of 11.88 g/t Gold in New Discovery at Maria Geralda

Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (“Founders” or the “Company”) announces a new high-grade gold discovery at its Antino Gold Project (“Antino” or “Project”) in southeastern Suriname (Figure 1). The Company reports a 22.5 metre (m) interval of 11.88 grams per tonne (g/t) gold (Au) at Maria Geralda, a new exploration target approximately 5 km SE of Lower Antino. The drilling follows up on systematic surface exploration, including prospecting, mapping, and augering programs that identified a 500 m by 400 m gold anomaly at surface.

Highlights

  • First-ever drilling at Maria Geralda delivers exceptional results with 22.5 m of 11.88 g/t Au (MG003)
  • Discovery validates systematic exploration approach with auger sampling identifying a 500 m by 400 m gold anomaly at surface where 54% of samples returned assays above 0.1 g/t Au
  • Significant expansion potential with the discovery zone open along strike and to depth, supporting plans for follow-up drilling in 2025

Colin Padget, President & CEO of Founders, commented, “While weather has limited our access to other exploration targets recently, we were pleased to maintain ready access to Maria Geralda and follow up on early surface results. This outstanding start to drilling at Maria Geralda further validates our exploration approach across the 200 km² Antino land package. The 22.5 m interval grading 11.88 g/t Au represents some of the highest-grade mineralization we’ve encountered to date. These results demonstrate the substantial discovery potential that exists beyond the property’s current established zones. Between this discovery, recent expansions at Upper and Lower Antino, and our ongoing 2025 exploration program, we see significant opportunity to build shareholder value.”

Maria Geralda is located along a major structural corridor on a northwest-trending lineament at the geologic boundary between intrusive rocks and mixed metavolcanic-metasedimentary formations. The discovery hole was designed to test the geochemical anomaly identified through the Company’s auger sampling program. Founders plans to follow-up with systematic step-out drilling to define the extent of mineralization along strike and to depth.

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 20,000 hectares and has produced over 500,000 ounces of gold from surface and alluvial mining to date1. The Company is fully financed for up to 60,000 metres of drilling in 2025.

1 2022 Technical Report – Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7574/256604_b2a266e214499871_001.jpg

Figure 1: Antino Property Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/256604_b2a266e214499871_001full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7574/256604_b2a266e214499871_003.jpg

Figure 2: Maria Geralda Plan Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/256604_b2a266e214499871_003full.jpg

Table 1: Drill Hole Assay Results

Hole IDFrom (m)To (m)Interval* (m)Au (g/t)Zone
MG00318.641.122.5011.88Maria Geralda
and289.0294.05.000.51 
MG002236.0242.06.001.04Maria Geralda
MG00114.121.67.500.51Maria Geralda
and283.0290.07.000.63 
and315.0327.012.000.59 

Intervals are down-hole depths. Results from all zones outside of Upper Antino, Lower Antino and Buese have not seen sufficient drilling to provide estimated true widths.

Table 2: Drill Hole Locations

Hole IDEasting (m)Northing (m)Elevation (m)Azimuth (°)Dip (°)Depth (m)
MG003825729.5398220.3159.570.2-50.0330.2
MG002825721.7398287.5163.270.0-50.0251.0
MG001825796.5398110.0155.569.7-50.2341.0

The coordinate reference system is WGS 84, UTM zone 21N (EPSG 32621)

Quality Assurance and Control

Samples were analyzed at FILAB Suriname, a Bureau Veritas Certified Laboratory in Paramaribo, Suriname (a commercial certified laboratory under ISO 9001:2015). Samples are crushed to 75% passing 2.35 mm screen, riffle split (700 g) and pulverized to 85% passing 88 µm. Samples were analyzed using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 5.0 grams per tonne (g/t), another cut was taken from the original pulp and fire assayed with a gravimetric finish. Founders Metals inserts blanks and certified reference standards in the sample sequence for quality control. External QA-QC checks are performed at ALS Global Laboratories (Geochemistry Division) in Lima, Peru (an ISO/IEC 17025:2017 accredited facility). A secure chain of custody is maintained in transporting and storing of all samples. Drill intervals with visible gold are assayed using metallic screening. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

Qualified Persons

The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., an independent qualified person as defined by National Instrument 43-101.

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. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company’s recently completed financings and the future or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect “, “is expected “, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or 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 statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information 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 information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company’s most recent annual management discussion and analysis. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

All material information on Founders Metals can be found at www.sedarplus.ca.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256604