Category: Metals

Canstar Strengthens Technical Advisory Board with the Appointment of Geologist and VMS Mineralization Expert, Dr. Stephen J. Piercey, P.Geo., FGC

Canstar Resources Inc. (TSXV: ROX) (OTC Pink: CSRNF) (“Canstar or the “Company”) has appointed Dr. Stephen J. Piercey, P.Geo., FGC to its Technical & Advisory Board. Dr. Piercey’s recognized expertise in volcanogenic massive sulphide (VMS) mineralization—particularly within the Newfoundland Appalachians—will be a significant asset to Canstar’s expanding exploration programs and its recently announced $11.5 million strategic joint venture with VMS Mining Corporation (VMSC).

Dr. Piercey will support Canstar’s technical team as the Company advances its exploration efforts in partnership with VMSC. The recently launched JV targets underexplored areas within the Buchans-Mary March VMS corridor, an area that has yielded some of the highest-grade polymetallic mineralization globally.

This appointment further strengthens Canstar’s technical capabilities and underscores its dedication to data-driven, scientifically rigorous exploration in one of Canada’s most prolific but underexplored VMS districts.

“We are thrilled to welcome Dr. Piercey to our team at a pivotal time in the Company’s evolution,” said Juan Carlos Giron Jr., President & CEO of Canstar. “His deep understanding of VMS deposits, including those of the Newfoundland Appalachians makes him an ideal technical advisor as we execute on our exploration strategy in Newfoundland. His appointment reflects our commitment to scientific excellence and our focus on technically rigorous exploration.”

Alignment with Canstar’s Strategic Objectives

Canstar’s ongoing exploration focus in Newfoundland—including the recently announced VMSC JV—aligns closely with Dr. Piercey’s area of specialization. His appointment brings several immediate benefits:

  • Deep Newfoundland Expertise: As a native Newfoundlander and University Research Professor at Memorial University of Newfoundland (MUN), Dr. Piercey understands both the geology and community dynamics of Central Newfoundland and surrounding VMS districts.
  • Technical Leadership: His expertise in interpreting hydrothermal alteration systems, conducting lithogeochemical surveys, and deploying real-time portable analytical tools enhances our capacity to vector towards mineralization and optimize drill targeting.
  • JV Support: His scientific reputation and deep technical acumen will provide invaluable guidance as Canstar and partners advance the VMSC JV toward drill program design and execution.

About Dr. Stephen Piercey

Dr. Piercey is a University Research Professor and Full Professor in the Department of Earth Sciences at Memorial University of Newfoundland (MUN), where he leads the Piercey Research Group and a consulting geologist with Piercey Geosciences Inc.. An expert in economic geology, he specializes in lithostratigraphy, volcanology, hydrothermal alteration, and geochemistry—applying integrated field, petrographic, lithogeochemical and microanalytical techniques to understanding VMS, orogenic gold, uranium, and other base-metal systems.

A Memorial University alumnus (BSc(Hons), MSc), he holds a PhD from UBC and is recognized as a Fellow of Geoscientists Canada (FGC), recipient of the distinguished Duncan R. Derry Medal from the Mineral Deposits Division of the Geological Assocation of Canada, and recipient of Memorial’s University Research Professor award. He is a Professional Geoscientist (PGeo) in Newfoundland and Labrador, Ontario, and British Columbia.

Dr. Piercey has secured over $9 million in research funding, published extensively (100+ peer-reviewed papers, government reports, technical guides), supervised more than 50 graduate students and post-docs, and previously served as the NSERC-Altius Industrial Research Chair in Mineral Deposits. His groundbreaking work on Newfoundland’s Cambrian-Ordovician VMS systems—such as Duck Pond, Sail Pond, Ming, and projects in the Buchans-Roberts Arm Belt—advances Canstar’s scientific understanding and exploration tools in the region.

Additional Information on Canstar’s Buchans and Mary March Projects

Canstar’s Buchans and Mary March Projects are located in the Buchans-Roberts Arms Belt of west-central Newfoundland, Canada. Recognized as one of the highest-grade VMS systems in history, Buchans was mined by ASARCO from the 1920s to the 1980s. Five deposits yielded 16.2 million tonnes with average mill head grades of 14.51% zinc, 7.56% lead, 1.33% copper, 122 g/t silver, and 1.37 g/t gold.2

Canstar’s Buchans Project sits immediately adjacent to the historic Buchans mines. New 3D geological modelling (2024) by Canstar indicates that the Buchans River Formation, the geological host unit for all five historic Buchans Mine deposits, underlies Canstar’s entire Buchans property at depth. The formation plunges from the historically mined deposits towards Canstar’s adjacent Buchans-area claims.

A SkyTEM time-domain electromagnetic survey in 2017 identified several multi-kilometre geophysical anomalies within Canstar’s Buchans claims. The anomalism coincides with an area of low magnetism, indicating a potential alteration zone. A historic drillhole from the 1970s—located within one of these anomalies—intersected what was described as “stockwork style” mineralization. Stockwork zones typically exhibit a geophysical signature characterized by low magnetism, variable (generally poor to moderate) electrical conductivity, and good chargeability. These characteristics are similar to the geophysical attributes of the stockwork zones of the historic Buchans deposits, suggesting the potential discovery of stockwork and alteration zones associated with Buchans-style VMS deposits.

Canstar’s Mary March project, located 25km from the historic Buchans mines, features a large mineralized system with alteration zones similar in scale to those at Buchans and high-grade massive sulphides. Historic drilling intersected a faulted-off massive sulphide lens 9.63 m thick, assaying 0.64% Cu, 1.8% Pb, 10.1% Zn, 4.2 g/t Au, 122 g/t Ag.1 In 2019, Canstar trenching identified Buchans-style debris flow deposits with massive sulphide clasts, which assayed up to 5.7% Cu, 1.6% Pb, 1.8% Zn, 29.4 g/t Ag, and 1.2 g/t Au.2

Other Corporate Updates

On June 16, 2025, Canstar’s Board of Directors approved the grant of an aggregate of 1,110,000 incentive stock options (the “Options”) to officers, directors, consultants, and employees of the Company pursuant to its stock option plan. The Options are exercisable at a price of $0.05 per common share and will expire on June 16, 2030. The Options are subject to specific vesting provisions as determined by the Board of Directors and in accordance with the policies of the TSX Venture Exchange (the “Exchange”).

Footnotes

(1) Reported by Phelps Dodge in 1999 (historic unverified assays): 9.63 metres grading 4.2 g/t gold, 122 g/t silver, 10.1% zinc, 1.8% lead, and 0.64% copper

(2) Historical production source: Zinc and Lead, Mineral Commodities of Newfoundland and Labrador, Geological Survey of Newfoundland and Labrador, Compiled by R.J. Wardle, 2008

Qualified Person Statement

Bob Patey B.Sc. (Hons), Vice President for Exploration for Canstar and a Qualified Person as defined in NI 43-101, has prepared and approved all scientific and technical information disclosed in this news release.

Acknowledgement

Canstar acknowledges the financial support of the Junior Exploration Assistance (JEA) Program from the Government of Newfoundland and Labrador Department of Industry, Energy and Technology, which has been a valuable contribution to the exploration programs on the Company’s Buchans-Mary March and Golden Baie projects.

About Canstar Resources Inc.

Canstar Resources Inc. (TSXV: ROX) is an exploration company focused on critical minerals and gold. The Company’s 100%-owned Golden Baie Project (489.5 km²) hosts high-grade gold and antimony showings along a major mineralized structure that also hosts a large number of gold deposits. The Buchans and Mary March projects (120.5 km2) are located within the past-producing VMS zinc-, copper-, and silver-rich Buchans Mining Camp and boast high-grade zinc and copper discoveries.

For further information, please contact:

Juan Carlos Giron, Jr.
President & Chief Executive Officer
Email: jc@canstarresources.com
Phone: (647) 557-3442
Website: www.canstarresources.com

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.

This news release includes certain “forward-looking statements” that are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes,” “anticipates,” “expects,” “estimates,” “may,” “could,” “would,” “will,” or “plan.” Since forward-looking statements are based on assumptions and address future events and conditions, they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company does not assure that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to: the execution and terms of the proposed partnership with TerraAI, the anticipated benefits of AI deployment in mineral exploration, the objectives and scope of the $11.5 million joint venture with VMS Mining Corporation, the expectation that the use of AI can improve discovery probabilities and reduce costs, exploration plans for the Buchans and Mary March projects, and any future drilling or data interpretation outcomes. Forward-looking information also includes the Company’s business objectives, exploration results, potential mineralization, the estimation of mineral resources, timing of exploration and development plans, and assumptions about market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the risk that the definitive agreement with TerraAI is not completed; the technology does not perform as anticipated; AI integration does not result in discovery success or cost efficiencies; difficulties accessing or validating historical data; limitations in data modeling or interpretation; delays or disruptions to the current Deep IP survey; and risks generally associated with the adoption of novel technologies in exploration. Additional risks include failure to identify mineral resources, failure to convert estimated mineral resources to reserves, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects capital and operating variances. and those risks set out in the Company’s public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. No assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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GMG Announces Internal G(R) Lubricant Testing Results Showing 10% Fuel Savings and 33% Reduction in Particulate Emissions

Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company”) is pleased to announce the following internal GMG run engine test results when G® Lubricant was added to a Caterpillar 22 kVA diesel engine run at an 80% Load. Test results show a 10% increase in energy efficiency (kwh/litres), and also a 33% reduction in harmful diesel engine exhaust particulate matter emissions, when three doses of G® Lubricant, with a maximum graphene dosage of 0.03%, was added to the standard diesel engine oil.

It is noted that the test engine was not operating optimally before G® Lubricant was added – the engine was overheating at long runs of sustained high loads. As a result, after the initial dose of G® Lubricant was added, an additional two dosages of G® Lubricant were used to hopefully bring the engine into a more stable operating regime, an outcome that was generally achieved.

Detailed Equipment and Process for Testing G® Lubricant

The following describes the equipment used and the process followed by the Company in demonstrating the fuel saving demonstration of the G® Lubricant in the diesel engine generator:

  • The same testing equipment, data systems and processes were used which was verified by the University of Queensland and detailed in GMG’s previous press release on the 25th February, https://graphenemg.com/gmg-unveils-g-lubricant-engine-performance-testing-results-a-transformative-graphene-energy-saving-solution-for-the-multi-trillion-dollar-global-liquid-fuel-industry/
  • GMG also added the following testing equipment to the testing program:
    • Testo 340 Diesel Kit 2 engine emissions test kit which was newly calibrated by the third-party supplier.
    • PDSA DPM-RT-2 particulate matter test unit which was newly calibrated by the third-party supplier.
  • A 22kVA Caterpillar diesel engine generator (with 1,959 hours of run time) was setup in the GMG Richlands warehouse.
  • The generator was connected to a 40-kW power load bank which consumed the energy produced by the generator and created the load and a 500-litre self-contained fuel tank.
  • Two calibrated flow sensors were connected (inflow and return/outflow) to the fuel lines and to a data logger which recorded the fuel consumption.
  • An Energy Analyzer was used to log and track energy produced by the generator.
  • Tests were conducted on 80% loads of the engine from the 40-kW power load bank – 22 kW.
  • A baseline to record diesel fuel consumption under normal engine oil and operating conditions was completed with newly changed recommended premium diesel engine oil and a new oil filter. This oil change was carried out by a professional engine maintenance service company.
  • The engine was run at 80% load and the baseline and G® Lubricant data set used for the analytics is when the maximum ambient temperature for the day was less than 33 degrees Celsius and relative humidity was between 50% and 80% with no rain. Fuel consumption for diesel engines changes when operating in rain or very high humidity or temperatures, so the fuel consumption data baseline and G® Lubricant engine oil additive performance testing were excluded for these times.
  • Only steady state data was used and so any variance or anomalous data seen in either baseline or G® Lubricant datasets were removed from the analytics. Data sets were grouped into minute blocks.
  • Once the baseline fuel tests were completed, G® Lubricant with approximately 1:100 concentration was mixed at approximately 1% ratio by weight into the existing engine oil. This was done another 2 times. The end ratio of GMG’s Graphene to the diesel engine oil was approximately 3:10,000 by weight.

GMG’s Managing Director and CEO, Craig Nicol, commented: “G® Lubricant is not only increasing fuel efficiency it is also reducing particulate matter – which is amazing to see – we will need to do more tests to see what the long-term performance is for this.”

GMG is continuing to conduct more tests to determine the total performance regime of the G® Lubricant. These performance tests will be announced as the information becomes available.

GMG’s Chairman and Director, Jack Perkowski, commented: “Fantastic news – G® Lubricant testing data are exciting – well done to the team – showing great promise as a way to reduce fuel costs and emissions across the multi-trillion dollar liquid fuels industry.”

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 potential of G® Lubricant to optimize efficiency and power for stationary or mobile engines, the potential of G® Lubricant to reshape the future of the global liquid fuels industry, GMG’s intention to commercialise and market G® Lubricant, the progress of the Company’s patent applications, the potential market for G® Lubricant and the potential revenue available for G® Lubricant.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation that G® Lubricant has the potential to optimize efficiency and power for stationary or mobile engines, that G® Lubricant has the potential to reshape the future of the global liquid fuels industry, that GMG will commercialize and market G® Lubricant, that the Company’s patent applications will progress as anticipated, and that the potential market and revenue available for G® Lubricant will be as currently forecasted. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that G® Lubricant will not offer an innovative solution that optimizes efficiency and power for stationary or mobile engines, that G® Lubricant will not reshape the future of the global liquid fuels industry, that GMG will commercialize and market G® Lubricant as anticipated, that the Company’s patent applications will not progress as currently anticipated, that the potential market and revenue available for the G® Lubricant product is not as currently calculated, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 3, 2024 available for review on the Company’s profile at www.sedarplus.ca.

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

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Euro Manganese Announces Results of Annual General and Special Meeting

Euro Manganese Inc. (TSXV: EMN) (ASX: EMN) (FSE: E060) (the “Company” or “EMN”) is pleased to announce that shareholders have voted in favour of all matters of business brought before them at the Company’s Annual General & Special Meeting of Shareholders (the “Meeting”) held on May 15, 2025. Detailed results of the voting from the Meeting are set out below.

In addition, the Company announces an upcoming change to its Chief Financial Officer effective at the end of the month. See below for details.

In respect of Resolution 1, election of the Company’s directors, all five management nominees standing for election were elected as set out below based on a vote conducted by ballot:

NomineeTotal Votes CastVotes For% ForVotes Withheld (Abstained)% Withheld (Abstained)
John Webster35,504,22930,473,63485.835,030,59514.17
David B. Dreisinger35,504,22930,289,60185.315,214,62814.69
Thomas M. Stepien35,504,22930,298,60185.345,205,62814.66
Ludivine Wouters35,504,22933,904,00495.491,600,2254.51
Rick Anthon35,618,22933,735,88894.721,882,3415.28

The following matters of business at the Meeting, which were also carried out and decided by ballot, were approved:

 Total VotesVotes For% ForVotes Against% AgainstVotes Withheld
/Abstained
Resolution 2 – Appointment of Pricewaterhouse- Coopers LLP as Auditors of the Company35,645,59931,760,22489.10N/AN/A3,885,375
Resolution 3 –
Re-approval of the Company’s Stock Option Plan(1)		35,504,22932,389,65791.232,963,7028.35150,870

(1) In accordance with the rules of the Australian Securities Exchange (the “ASX“), shareholders of the Company also approved the Company’s stock option plan by a majority of the votes cast, with the 455,661 votes cast by directors of the Company excluded and reclassified as withheld/abstain. Based on this exclusion and reclassification, the total number of votes cast in respect of this resolution was 35,504,229, of which 31,933,996 votes were cast for the resolution, representing 89.94% of the total votes cast, 2,963,702 votes were cast against the resolution, representing 8.35% of the total votes cast, and 606,531 votes were withheld/abstain, representing 1.71% of the total votes cast.

Additionally, for purposes of the ASX, shareholders of the Company also approved each of the following resolutions:

a) for the purpose of Listing Rule 7.1 of the ASX, the issuance of 21,400,000 Units comprising of 21,400,000 Shares and 21,400,000 Warrants to the European Bank for Reconstruction and Development (the “EBRD“) and the issuance of up to 18,063,331 Units comprising of 18,063,331 Shares and 18,063,331 Warrants, and 14,650,278 Units comprising of 14,650,278 CHESS Depositary Interests (“CDIs“) each representing one Share and 14,650,278 Warrants to sophisticated and professional investors, respectively, (the “Offering“);

b) for the purpose of Listing Rules 10.11.1 and 10.11.4 of the ASX, the issuance to the following individuals of Units under the Offering on terms and conditions identical to all other subscribers under the Offering:

(i) 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to JJW Investments Ltd., a company controlled by Mr. John Webster;

(ii) 41,666 Units, comprising of 41,666 Shares and 41,666 Warrants, to Dr. David B. Dreisinger.

(iii) 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to Mr. Thomas M. Stepien.

(iv) 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to Ms. Ludivine Wouters; and

(v) 256,410 Units, comprising of 256,410 CDIs and 256,410 Warrants, to Mr. Rick Anthon;

c) for the purpose of Listing Rule 7.1 of the ASX, the issuance of 4,904,478 broker warrants (the “Broker Warrants“) to Canaccord Genuity (Australia) Limited (“Canaccord“) and Foster Stockbroking Pty Ltd. (“FSB“), in connection with their remuneration for acting as co-lead managers of the Offering;

d) for the purpose of Listing Rule 7.1 of the ASX, the issuance of 7,692,307 CDIs and 7,692,307 Warrants to Eligible Shareholders under the Share Purchase Plan (“SPP“) on the terms and conditions described in the prospectus issued to Eligible Shareholders; and

e) for the purpose of Listing Rule 7.1 of the ASX, the issuance of 22,263,733 Orion Warrants to OMRF (BK) LLC (“Orion“) as compensation for certain amendments to the Convertible Loan and Royalty Agreement.

In accordance with Listing Rule 3.13.2(d) of the ASX, detailed results of the voting from the Meeting, on the resolutions outlined above, all of which were carried out and decided by ballot, are set out below.

 Total VotesVotes For% ForVotes Against% AgainstVotes Withheld /Abstained
Resolution 4(a) – Issuance of 54,113,609 Units comprising 39,463,331 Shares and 14,650,278 CDIs and 54,113,609 Warrants to Non-Related Party Investors and the EBRD35,504,22927,456,33777.33%1,228,2963.46%6,819,596
Resolution 4(b)(i) – Issuance of 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to JJW Investments Ltd.35,504,22933,171,67093.431,235,0523.481,097,507
Resolution 4(b)(ii) – Issuance of 41,666 Units, comprising of 41,666 Shares and 41,666 Warrants, to Dr. David B. Dreisinger35,504,22933,187,96793.481,235,0523.481,081,210
Resolution 4(b)(iii) – Issuance of 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to Mr. Thomas M. Stepien35,504,22933,407,64994.091,235,0523.48%861,528
Resolution 4(b)(iv) – Issuance of 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to Ms. Ludivine Wouters35,504,22933,196,67893.501,234,1883.481,073,363
Resolution 4(b)(v) – Issuance of 256,410 Units, comprising of 256,410 CDIs and 256,410 Warrants, to Mr. Rick Anthon35,504,22933,469,60294.27%1,234,1883.48800,439
Resolution 4(c) – the issuance of 4,904,478 Broker Warrants to Canaccord and FSB35,504,22930,898,39487.03%1,163,4983.28%3,442,337
Resolution 4(d) – the issuance of 7,692,307 CDIs and 7,692,307 Warrants to Eligible Shareholders under the SPP35,504,22933,324,73093.86%906,0862.55%1,273,413
Resolution 5 – the issuance of 22,263,733 Orion Warrants to Orion35,504,22933,362,54693.97%1,184,9243.34%956,759

The Company disregarded the following votes, from the applicable resolutions, as required by Listing Rule 14.11 of the ASX:

a) votes cast by the EBRD or any person (or any associates of such person) who is expected to participate in, or who will obtain a material benefit as a result of, the proposed issuance of Shares or CDIs under the Offering (except a benefit solely by reason of being a holder of ordinary shares in the Company) from Resolution 4(a);

b) votes cast by any person (or any associates of such person) who is expected to participate in, or who will obtain a material benefit as a result of, the proposed issuance of securities under the Offering (except a benefit solely by reason of being a holder of ordinary shares in the Company) from Resolutions 4(b)(i), 4(b)(ii), 4(b)(iii), 4(b)(iv);4(b)(v) and 4(c);

c) votes cast by Canaccord and FSB (or any associates of Canaccord and FSB) who will be receiving Broker Warrants (except a benefit solely by reason of being a holder of ordinary shares in the Company) from Resolution 4(c);

d) votes cast by any person (or any associates of such person) who is expected to participate in, or who will obtain a material benefit as a result of, the proposed issuance of securities under the SPP (except a benefit solely by reason of being a holder of ordinary shares in the Company) from Resolution 4(d); and

e) votes cast by Orion (or any associates of Orion) or any person (or any associates of such person) who will be receiving Orion Warrants (except a benefit solely by reason of being a holder of ordinary shares in the Company) from Resolution 5.

Accordingly, the following voting exclusions applied to each of the resolutions below as required by the rules of the ASX:

  • Resolution 4(a): Total votes for Resolution 4(a) exclude 6,527,532 votes cast by parties participating in the Offering, including the EBRD and the directors. The excluded votes are reclassified to votes withheld/abstain, resulting in no change to the total Shares being voted in connection with Resolution 4(a).
  • Resolution 4(b)(i): Total votes for Resolution 4(b)(i) exclude 235,979 votes cast by John Webster (and entities controlled by him, including JJW Investments Ltd.) who subscribed for Units in the Offering. The excluded votes are reclassified to votes withheld/abstain, resulting in no change to the total Shares being voted in connection with Resolution 4(b)(i).
  • Resolution 4(b)(ii): Total votes for Resolution 4(b)(ii) exclude 219,682 votes cast by David Dreisinger (and entities controlled by him) who subscribed for Units in the Offering. The excluded votes are reclassified to votes withheld/abstain, resulting in no change to the total Shares being voted in connection with Resolution 4(b)(ii).
  • Resolution 4(b)(iii): Total votes for Resolution 4(b)(iii) exclude nil votes cast by Thomas Stepien (and entities controlled by him) who subscribed for Units in the Offering.
  • Resolution 4(b)(iv): Total votes for Resolution 4(b)(iv) exclude nil votes cast by Ludivine Wouters (and entities controlled by her) who subscribed for Units in the Offering.
  • Resolution 4(b)(v): Total votes for Resolution 4(b)(v) exclude nil votes cast by Rick Anthon (and entities controlled by him) who subscribed for Units in the Offering.
  • Resolution 4(c): Total votes for Resolution 4(c) exclude 2,390,000 votes cast by Canaccord and FSB, or their associates, which are to be issued Broker Warrants. The excluded votes are reclassified to votes withheld/abstain, resulting in no change to the total Shares being voted in connection with Resolution 4(c).
  • Resolution 4(d): Total votes for Resolution 4(d) exclude 468,854 votes cast by parties participating in the SPP. The excluded votes are reclassified to votes withheld/abstain, resulting in no change to the total Shares being voted in connection with Resolution 4(d).
  • Resolution 5: Total votes for Resolution 5 exclude nil votes cast by Orion which is to be issued Orion Warrants.

A total of 35,504,229 common shares, representing approximately 44.09% of the issued and outstanding common shares of the Company eligible to vote at the Meeting, were voted in connection with all of the above resolutions, except for the following: (a) the election of the Mr. Rick Anthon as a director of the Company, for which 35,618,229 common shares, representing approximately 44.23% of the issued and outstanding common shares of the Company eligible to vote at the Meeting were voted; and (b) resolution 2, the appointment of PricewaterhouseCoopers LLP as Auditors of the Company, for which 35,645,599 common shares, representing approximately 44.26% of the issued and outstanding common shares of the Company eligible to vote at the Meeting were voted. The results of all matters considered at the Meeting are reported in the Report of Voting Results as filed by the Company on SEDAR at www.sedarplus.ca.

In accordance with ASX Listing Rule 3.13.2(e), the information below is being provided for the aggregate number of securities for which valid proxies were received before the Meeting. None of the Company appointed proxy holders were able to vote on any of the resolutions in their discretion.

NomineeTotal Proxies ReceivedProxy directed to vote ForProxy directed to vote
Against		Proxy directed to
Abstain		Proxy could vote at their
discretion
Resolution 1 – Election of directors:     
John Webster35,504,22930,473,634N/A5,030,595Nil
David B. Dreisinger35,504,22930,289,601N/A5,214,628Nil
Thomas M. Stepien35,504,22930,298,601N/A5,205,628Nil
Ludivine Wouters35,504,22933,904,004N/A1,600,225Nil
Rick Anthon35,618,22933,735,888N/A1,882,341Nil
Resolution 2 – Appointment of Pricewaterhouse- Coopers LLP as Auditors of the Company35,645,59931,760,224N/A3,885,375Nil
Resolution 3 – Re-approval of the Company’s Stock Option Plan (1)35,504,22931,933,9962,963,702606,531Nil
Resolution 4(a) – Issuance of 54,113,609 Units comprising 39,463,331 Shares and 14,650,278 CDIs and 54,113,609 Warrants to Non-Related Party Investors and the EBRD(2)35,504,22927,456,3371,228,2966,819,596Nil
Resolution 4(b)(i) – Issuance of 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to JJW Investments Ltd. (3)35,504,22933,171,6701,235,0521,097,507Nil
Resolution 4(b)(ii) – Issuance of 41,666 Units, comprising of 41,666 Shares and 41,666 Warrants, to Dr. David B. Dreisinger(4)35,504,22933,187,9671,235,0521,081,210Nil
Resolution 4(b)(iii) – Issuance of 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to Mr. Thomas M. Stepien35,504,22933,407,6491,235,052861,528Nil
Resolution 4(b)(iv) – Issuance of 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to Ms. Ludivine Wouters35,504,22933,196,6781,234,1881,073,363Nil
Resolution 4(b)(v) – Issuance of 256,410 Units, comprising of 256,410 CDIs and 256,410 Warrants, to Mr. Rick Anthon35,504,22933,469,6021,234,188800,439Nil
Resolution 4(c) – the issuance of 4,904,478 Broker Warrants to Canaccord and FSB(5)35,504,22930,898,3941,163,4983,442,337Nil
Resolution 4(d) – the issuance of 7,692,307 CDIs and 7,692,307 Warrants to Eligible Shareholders under the SPP(6)35,504,22933,324,730906,0861,273,413Nil
Resolution 5 – the issuance of 22,263,733 Orion Warrants to Orion35,504,22933,362,5461,184,924956,759Nil

(1) Excludes 455,661 votes cast by proxy by directors of the Company, which were reclassified as withheld/abstain.
(2) Excludes 6,527,532 votes cast by proxy by the EBRD, directors and other subscribers in the Offering, which were reclassified as withheld/abstain.
(3) Excludes 235,979 votes cast by proxy by John Webster and companies controlled by him (including JJW Investments Ltd.), which were reclassified as withheld/abstain.
(4) Excludes 219,682 votes cast by proxy by David Dreisinger and companies controlled by him, which were reclassified as withheld/abstain.
(5) Excludes 2,390,000 votes cast by proxy by Canaccord and FSB or their associates, which were reclassified as withheld/abstain.
(6) Excludes 468,854 votes cast by proxy by subscribers to the SPP, which were reclassified as withheld/abstain.

Change in Chief Financial Officer

The Company also announces that Dean Larocque will step down as Chief Financial Officer effective May 30, 2025. The Company would like to thank Dean for his efforts since joining the Company in November 2024 and wish him well in his future endeavours. The Company expects to announce the appointment of its new Chief Financial Officer in the coming weeks.

About Euro Manganese

Euro Manganese is a battery materials company focused on becoming a leading producer of high-purity manganese for the electric vehicle industry. The Company is advancing development of the Chvaletice Manganese Project in the Czech Republic and an early-stage opportunity to produce battery-grade manganese products in Bécancour, Québec.

The Chvaletice Project is a unique waste-to-value recycling and remediation opportunity involving reprocessing old tailings from a decommissioned mine. It is also the only sizable resource of manganese in the European Union, strategically positioning the Company to provide battery supply chains with critical raw materials to support the global shift to a circular, low-carbon economy.

Euro Manganese is dual-listed on the TSXV and the ASX.

Authorized for release by the President and CEO of Euro Manganese Inc.

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

Inquiries

Martina Blahova
President and CEO  
+1-604-681-1010 ext. 101
Website: www.mn25.ca

Laurel Petryk
Chief Legal Officer & Corporate Secretary
+1-604-681-1010

LodeRock Advisors
Neil Weber
Investor and Media Relations – North America
+1 (647) 222-0574 neil.weber@loderockadvisors.com

Jane Morgan Management
Jane Morgan
Investor and Media Relations – Australia
+61 (0) 405 555 618
jm@janemorganmanagement.com.au

Company Address: #709 -700 West Pender St., Vancouver, British Columbia, Canada, V6C 1G8

Forward-Looking Statements

Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company, its Chvaletice Project, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company.

Forward-looking statements include statements regarding replacing the Chief Financial Officer and any expected outcome and ability to navigate current market conditions. All forward-looking statements are made based on the Company’s current beliefs including various assumptions made by the Company, including that the Chvaletice Project will be developed and operate as planned, the Company will obtain sufficient financing, and that the Company will be able to meet the conditions of its secured financing. Factors that could cause actual results or events to differ materially from current expectations include, among other things: insufficient working capital; inability to meet the conditions of its secured financing, risks due to granting security, lack of availability of financing for developing and advancing the Chvaletice Project; the potential for unknown or unexpected events to cause contractual conditions to not be satisfied; developments in EV (Electric Vehicles) battery markets and chemistries; risks related to fluctuations in currency exchange rates; and regulation and changes in laws by various governmental agencies. For a further discussion of risks relevant to the Company, see “Risk Factors” in the Company’s annual information form for the year ended September 30, 2024, available on the Company’s SEDAR+ profile at www.sedarplus.ca.

Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252349

African Mining Giant Intends to List in Hong Kong to Build West African Gold Leader

In Africa, a land of opportunity and potential, a mining company is emerging and its plan to go public has caught the attention of the global capital markets. According to authoritative sources, the Company has successfully acquired the mining rights of three major mining areas in West Africa. Recent exploration results show that its potential gold reserves are as high as 3,000 tons, with a preliminary valuation of HK$1.2 trillion, demonstrating enormous development potential and expecting to reshape the pattern of the global mining industry.

Corporate Profile and Listing Plan
The Company plans to list on the Hong Kong Stock Exchange or an overseas capital market and intends to issue approximately 120 billion shares to raise funds to further strengthen its position in the global mining market. The Company, which is 25% owned by the country in which it is located, is positioned as the largest gold mining group in West Africa and is committed to driving regional economic prosperity and increasing its international presence.

Social Responsibility and Development Plan
The Company not only focuses on economic benefits, but also demonstrates a strong sense of social responsibility. After the listing, it is expected that 20% of the shares will be used for employee incentive scheme to realize the vision of “Wealth for All”, while another 5% will be used for subsequent financing and business development to support the sustainable development of the Company and technological innovation.

Industry Evaluation and Future Prospects
Industry insiders analyse that the Company is expected to become a “rising star” in the global mining industry with its abundant mineral resources, clear strategic planning and commitment to social responsibility. The future performance of the African mining giant will undoubtedly be a focus for the capital markets as it moves forward with its listing plan.

Q2 Metals Extends Mineralized Zone Strike Length to 1.5 Kilometres and Concludes the 2025 Winter Program at the Cisco Lithium Project in Quebec, Canada

Highlights:

  • The 2025 Winter Program concluded with 6,997 metres (m) drilled across 14 holes.
  • Drill hole CS25-028 encountered eight (8) spodumene pegmatite intervals, with the widest interval of 50.9 m of continuous spodumene pegmatite, along with additional noteworthy intercepts of 21.5 m and 19.3 m.
  • Drill hole CS25-036 encountered 13 spodumene pegmatite intervals, with the widest interval of 64.3 m of continuous spodumene pegmatite, along with additional noteworthy intervals of 22.3 m, 18.1 m and 12.7 m. Hole 36 ended in pegmatite at a depth of 308.6 m due to time constraints.
  • Assays are pending on all 14 drill holes completed in the 2025 Winter Program.
  • The northeast-southwest strike of the main zone has increased to 1,500 m (previously 850 m at the end of 2024).

Q2 Metals Corp. (TSX.V:QTWO)(OTCQB:QUEXF)(FSE:458) (Q2 or the Company) is pleased to provide an update on the Winter 2025 expansion drill program (2025 Winter Program) at the Company’s Cisco Lithium Project (the Project or the Cisco Project), located within the greater Nemaska traditional territory of the Eeyou Istchee James Bay, Quebec, Canada.

The 2025 Winter Program at the Cisco Project concluded with a total of 14 drill holes for 6,997 m of drilling completed. Of the 14 drill holes completed, 10 intercepted spodumene-bearing pegmatite. Assays are pending on all 14 drill holes, and the Company anticipates the first results to be announced in May.

“We are very encouraged by the results to date, which continue to validate the scale and potential of the Cisco Project,” said Q2 Metals President and CEO Alicia Milne. “With only 37 holes drilled for 14,644 metres to date, we’ve built a strong foundation for continued advancement. Cisco’s strategic position in the southernmost part of the Eeyou Istchee James Bay region, just 150 kilometres from rail access, gives it a distinct development advantage and further enhances the project’s long-term value. We remain well-funded, the project remains open in all directions and at depth, and we are eager to resume drilling in June.”

“The 2025 Winter Program was highly successful,” said Q2 Vice President of Exploration Neil McCallum. “During the program we nearly doubled the strike length of the main mineralized zone from 850 m to 1.5 kilometres and started to drill test other areas of interest that will require further work. On our return to the Project in June, we will continue to systematically define the known mineralized zone, starting with Hole 36 which ended due to the start of the traditional goose hunting season at 308.6 m and in spodumene pegmatite. Additional mapping and sampling of the Cisco Project will also be a priority this summer as we’ve explored less than 10 percent of our total land package, leaving a significant amount of the prospective 30-kilometre-long greenstone belt still to be tested.”

Summary of Spodumene-Bearing Pegmatite Intervals
The pegmatite intervals (greater than 2 m) of drill holes CS-25-028 to 37 are reported below in detail (Table 1 & 2):

Table 1. Summary of Spodumene-Pegmatite Intervals at the Main Zone, Cisco Project
Table 2. Summary of Spodumene-Pegmatite Intervals at the CO2 Outcrop Area, Cisco Project

The mineralized intervals in all the holes are not necessarily representative of the true width and the modelled pegmatite zones are being refined with every additional hole.

Cautionary Statement: The presence of pegmatites does not confirm the presence of lithium (spodumene or other lithium minerals). Pegmatites are fractionated coarse grained igneous rocks commonly associated with lithium mineralization; however, many pegmatites do not contain mineralization. The presence of any mineralization can only be confirmed with assaying.

The geological team has completed the core cutting and logging of holes CS25-028 to CS25-037 and the samples have been dispatched to the SGS Canada preparation laboratory located in Val-d’Or, QC for mineral analysis to confirm the presence of lithium.

Discussion of Drilling Results
Three holes (CS25-029, 031 and 033) targeted the southern extension of the main mineralized zone. With the 200-metre spacing, and only a few holes per section line, wide (>100 metre) pegmatite intervals were not intercepted. It is expected that the wide pegmatite intervals are present, however additional testing work is required. It is noted that the pegmatite intervals are somewhat deeper in the drill holes at the south and further work will be carried out during the summer exploration season to test the potential up-dip location of the pegmatite towards the west. In summary, the main zone remains open to the south.

Hole CS25-030 targeted the deeper portions of the northern extent of the main mineralized zone and has demonstrated that the zone is open in that direction.

Hole CS25-028 tested the eastern portion of the main mineralized zone and provided additional information in that area. Combined with the other holes drilled to the east, the zone remains open in that direction as well.

Hole CS25-036 was not completed prior to the start of this year’s goose-hunting season and ended before the intended completion depth. Despite this, the objective of the hole was accomplished with several wide pegmatite intervals intercepted that will assist in resolving the geometry of the pegmatite as well as providing guidance on definition-scale drilling. Drilling on this hole will re-commence as soon as possible after the goose-hunting season.

Drill holes CS25-032, 034, 035 and 037 were drilled to define the subsurface expression of the prominent mineralized CO2 outcrop. Additional work is needed to follow up this area as several potential orientations have not yet been tested.

Figure 1. Map of Drilling Area, Cisco Project
Figure 2. Cross Section B (Looking Northeast)
Figure 3. Long Section of the Main Zone

Metallurgical Testing
During the 2025 Winter Program, representative samples were assembled and dispatched to SGS Canada for additional preliminary metallurgical test work, including heavy liquid separation (HLS), dense media separation (DMS), magnetic separation, and flotation.

The primary objective of the preliminary metallurgical program will be to evaluate the beneficiation of the currently defined mineralized zone at the Cisco Project with a traditional lithium pegmatite flowsheet. The goal of the proposed metallurgical work is to produce a spodumene concentrate of greater than 6% Li2O with low iron content, at a maximum lithium recovery.

Initial metallurgical testing on 16 drill core analytical pulp samples of pegmatite collected across seven (7) drill holes at the Cisco Project indicated that spodumene is the primary lithium-bearing mineral within all pegmatite samples (see news release from Q2 on February 12, 2025).

Optical Televiewer Survey Work
During the 2024 drill program conducted at the Cisco Project, optical televiewer survey work was conducted on 13 of the 17 holes drilled by the Company to confirm the pegmatite contact relationships at depth (see news release from the Company on February 3, 2025).

Following the compilation and review of the data points collected, it was determined that the orientation of the pegmatite aligns with the surface measurements, and that the drill azimuth is appropriate for this stage of the Company’s drilling campaigns. Additionally, the dip of the pegmatite varies between 25- and 80- degrees (relative to the surface), indicating that the current drill angle of -45 degrees is the most appropriate angle.

The Company continued to collect downhole televiewer data during the 2025 Winter Program. Additional drill holes from the 2024 drill program were surveyed as well as several of the holes drilled in the 2025 Winter Program (drilling at hole CS25-036 was in process). Data collected will continue to refine the Company’s most appropriate drilling approach.

Sampling, Analytical Methods and QA/QC Protocols
All drilling was conducted using diamond drill rig with NQ sized core and all drill core samples are shipped to SGS Canada’s preparation facility in Val D’Or, Quebec, for standard sample preparation (code PRP92) which includes drying at 105°C, crushing to 90% passing 2 mm, riffle split 500 g, and pulverize 85% passing 75 microns. The pulps are then shipped by air to SGS Canada’s laboratory in Burnaby, BC, where the samples are homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (code GE_ICM91A50). The reported Li grade will be multiplied by the standard conversion factor of 2.153 which results in an equivalent Li2O grade. Drill core was saw-cut with half-core sent for geochemical analysis and half-core remaining in the box for reference. The same side of the core was sampled to maintain representativeness.

A Quality Assurance / Quality Control (QA/QC) protocol following industry best practices was incorporated into the sampling program. Measures include the systematic insertion of quartz blanks and certified reference materials (CRMs) into sample batches at a rate of approximately 5% each. Additionally, analysis of pulp-split and reject-split duplicates was completed to assess analytical precision. The QP has verified the QA/QC results of the analytical work.

Drill Hole Collar Information
The summary of drill holes completed to date, including basic location and dip/azimuth is detailed below (Table 3):

Table 3. Summary of Drill Hole Collar Information, Cisco Project (CS25-028 to CS25-037)

Upcoming Events
121 Mining Investment Conference
Q2 Metals will be attending the 121 Mining Investment Conference in London, UK from May 12-13, 2025. For more information, click here.

Canaccord Genuity Global Metals & Mining Conference
The Company will be attending the Canaccord Genuity Global Metals & Mining Conference in Henderson, NV from May 20-22, 2025. For more information, click here.

THE Mining Event of the North
Q2 will be attending and exhibiting at THE Mining Event of the North in Quebec City, QC from June 3-5, 2025. For more information, click here.

About Q2 Metals Corp
Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project located within the greater Nemaska traditional territory of the Eeyou Istchee, James Bay, Quebec, Canada where drilling is currently underway.

The Cisco Project is comprised of 767 claims, totaling 39,389 hectares. The main mineralized zone is just 6.5 kilometres (“km”) away from the Billy Diamond Highway and transects the Project. The town of Matagami, which features direct rail link to much of James Bay, is approximately 150 km to the south.

Cisco has district-scale potential with an already identified mineralized zone and 2024 discovery drill results that include:

120.3 metres at 1.72% Li2O (hole CS-24-010);
215.6 metres at 1.69% Li2O (hole CS-24-018);
347.1 metres at 1.35% Li2O (hole CS-24-021); and
188.6 metres at 1.56% Li2O (hole CS-24-023)

The Cisco Project is situated along the Frotet Evans Greenstone Belt, comprised of a volcanic package dominated by mafic to felsic metavolcanic rocks, of the southern James Bay Lithium District, the same belt that hosts the Sirmac and Moblan lithium deposits, located 130 km and 180 km away, respectively.

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www.Q2Metals.com

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Qualified Person
Neil McCallum, B.Sc., P.Geol, a registered permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by NI 43-101 (“QP”), has reviewed and approved the technical information in this news release. Mr. McCallum is a director and the Vice President Exploration for Q2.

Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company’s properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, drilling results on the Cisco Project and inferences made therefrom, the potential scale of the Cisco Project, the focus of the Company’s current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company’s expectations in connection with the projects and exploration programs being met, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedarplus.ca.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

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

SOURCE: Q2 Metals Corp.

Graphene Manufacturing Group Provides Quarterly ATM Sales Update

Graphene Manufacturing Group Limited (TSXV: GMG) (“GMG” or the “Company“) provides a quarterly update with respect to the Company’s previously announced “at-the-market” equity program (the “ATM Program“) launched on June 13, 2024. The ATM Program allows the Company to issue and sell, from time to time, up to C$20,000,000 of its ordinary shares (“Ordinary Shares“) from treasury to the public, at the Company’s discretion, pursuant to an equity distribution agreement between the Company and Cantor Fitzgerald Canada Corporation (the “Agent“).

During the quarterly period ended March 31, 2025, the Company issued a total of 866,500 Ordinary Shares on the TSX Venture Exchange (the “TSXV“) at an average price of C$0.7965 per share under the ATM Program, providing gross proceeds of C$690,196.80. Commissions of C$20,705.90 were paid to the Agent in relation to these distributions, resulting in net proceeds to the Company of C$669,490.90.

For further details on the ATM Program, see the Company’s news release dated June 14, 2024.

About GMG www.graphenemg.com

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its 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 focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. 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 G+AI Batteries.

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.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249768

Kincora Copper: Investor Briefing Webinar – Sixth Asset Level Agreement

Kincora Copper Limited (ASX: KCC) (TSXV: KCC) (Kincora or the Company) is pleased to advise shareholders and investors that it will host an briefing webinar following a major amendment to the Earn-in and Joint Venture Agreement with a wholly owned subsidiary of AngloGold Ashanti plc (“AngloGold Ashanti”) for a further and second joint venture in the Northern Junee-Narromine Belt of the Macquarie Arc supporting total expenditures of up to $100 million.

The expanded partnership represents a significant milestone in Kincora’s exploration and asset level partner strategy.

Kincora’s President & CEO, Sam Spring, will lead the briefing with a short presentation followed by an interactive Q&A session.

Shareholders and interested investors are invited to attend the webinar and participate in the discussion.

Registration is required – please see the details below. A replay will be made available for those registered and at: https://kincoracopper.com/interviews/.

Investor Briefing Details:

 Australian Time ZonesNorth American Time Zones
Date:Thursday, 17 AprilWednesday, 16 April
Time:11:00 am AEST | 9:00 am AWST6:00 pm Pacific | 9:00 pm Eastern
Format:Live webinar (online) with replay
Registration:https://us02web.zoom.us/webinar/register/WN_McaP8yExQYGmMkFoC7iISw

About Kincora Copper Limited
Kincora Copper is dual listed on the ASX and TSX-V (ticker “KCC”) and is an active explorer and project generator focused on new globally significant copper-gold discovery opportunities.
The Company’s portfolio includes district scale landholdings and scalable drill ready targets in both Australia and Mongolia’s leading porphyry belts, the Macquarie Arc and Southern Gobi, respectively, and the historical Condobolin mining field in the southern section of the Cobar superbasin NSW.
Kincora has adopted an asset level partner model for it’s large-scale exploration stage porphyry projects and to date has unlocked over A$110 million of potential partner funding for eight earlier stage and/or non-core projects.
Discussions are ongoing for further agreements for the Company’s remaining four, and generally significantly more advanced and/or proximal to existing world-class mines, porphyry projects in NSW, including Fairholme, Jemalong, Trundle and Nyngan West.
Kincora’s ambition is to be the operator for exploration budgets of over A$10 million per annum for the porphyry portfolio providing sufficient project management fees for the Company to be self funding (covering G&A costs) and have partnerships with a diversified portfolio of industry leading producers/explorers.
For more information please visit Kincora’s website at 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: 1.604.283.1722
Fax: 1.888.241.5996

Subsidiary office Australia

Vista Australia
Level 4, 100 Albert Road
South Melbourne, Victoria 3205

Forward-Looking Statements

Certain information regarding Kincora contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-Looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. 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, continued availability of capital and financing and general economic, market or business conditions. 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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.

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Kincora Copper: Second Major Earn-In Secured with AngloGold Ashanti

Kincora Copper Limited (TSXV: KCC) (ASX: KCC) (“KCC”, “Kincora” or the “Company”) is pleased to announce the execution of a major amendment to its existing agreement with a wholly owned subsidiary of AngloGold Ashanti plc (“AngloGold Ashanti”). The Agreement opens the way for more extensive exploration in the Northern Junee-Narromine Belt (“NJNB”) of the Macquarie Arc, Central West NSW, Australia. The NJNB is a globally significant exploration opportunity offering new district scale porphyry potential.

First phase drilling at the Nyngan project is ongoing with activities initiated for initial drilling at the highly prospective Nevertire and Nevertire South projects, known for their geological similarities to major deposits like Cadia-Ridgeway.

John Holliday, Technical Committee chair, and Peter Leaman, VP of Exploration, commented:

“We are very pleased to broaden our partnership with AngloGold Ashanti. It comes as we continue to progress our ongoing exploration program at the Nyngan project, with a ground gravity survey and hole twelve of the scout drilling program recently completed.

In the wake of this second earn-in our drilling plans have been materially expanded at Nevertire and Nevertire South, and now cover three projects. However, and more importantly, we are well positioned to systematically and aggressively advance a new district scale portfolio of five projects covering over 2350km2.

The contiguous five projects cover a strike of greater than 100km, more than twice that of the emerging Vicuña district in the Central Andes, which is also an extension to a known world-class porphyry belt. The revised agreement is structured in a manner which supports Kincora shareholders being carried potentially to the equivalent stage of four pre-development recent discoveries in Vicuña that have a current valuation of over $10 billion.

AngloGold Ashanti is a successful greenfield explorer and while we are only now ramping up our exploration activities with them, they have already invested over $14 million in the NJNB. We are both very excited about the targets being drilled across the first three Kincora projects in 2025.

While Kincora has now unlocked over $110 million of potential partner funding we see ample scope to further significantly grow this figure. The Company is advancing discussions for further large-scale partner agreements and is on track to achieve its ambition for third party management fees to provide a self-funding financing exploration model.”

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Figure 1: The Macquarie Arc is a proven Tier 1 terrane and Australia’s foremost copper porphyry belt hosting a number of world-class mines
The Northern Junee-Narromine Belt (NJNB) is a largely untested extension of the Macquarie Arc situated under the post-mineral cover

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Project generator funding model

Kincora’s asset level partner model for its wholly owned large scale exploration stage porphyry projects, commonly referred to a project generator model in the North American markets, has now unlocked over $110 million of potential partner funding for eight earlier stage and/or non-core porphyry projects1. Existing partners include:

  • AngloGold Ashanti (NYSE: AU) is the world’s fourth largest gold miner by production and is partner for the NJNB project portfolio (including five projects across two joint venture arrangements) 1(a);
  • Fleet Space Technologies Pty Ltd (“Fleet Space”, private) is one of Australia’s fastest growing companies and is widely recognised as Australia’s leading space exploration company. Fleet Space recently raised $150m in a Series D financing. It is Kincora’s partner for the Wongarbon project and recently completed its maiden integrated Ambient Noise Tomography and gravity geophysical survey at the Nyngan project 1(b,c);
  • Earth AI Pty Ltd (“Earth AI”, private), an Artificial Intelligence and Machine Learning explorer. Earth AI recently raised $20m in a Series B financing and is partner for the Cundumbul project 1(d); and,
  • Orbminco Limited (formerly Woomera Mining) is a Mongolian focused explorer and is partner for the Bronze Fox project 1(e).

Kincora is the current operator of the NJNB project portfolio with AngloGold Ashanti and receives a 10% management fee of expenditure.

Discussions are ongoing for further agreements for the Company’s remaining four (and generally significantly more advanced and/or proximal to existing world-class mines) porphyry projects in NSW, including Fairholme, Jemalong, Trundle and Nyngan West.

The Company plans to retain its Condobolin project, which hosts the historical Condobolin high grade open cut gold and base metals mining field situated within trucking distance to the Mineral Hill mine (which has capacity for, and is seeking, third party ore) and within the southern section of the emerging Cobar Superbasin. The timeline and capital needs to significantly add value and advance the Condobolin project is materially less than the Company’s porphyry projects.

Kincora’s ambition is to be the operator for exploration budgets of over $10 million per annum for the porphyry portfolio providing sufficient project management fees for the Company to be self funding (covering corporate costs and maintenance of remaining wholly owned projects) and have partnerships with a diversified portfolio of industry leading producers/explorers.

Nyngan, Nevertire and Nevertire South Programs

A major amendment to the original Earn-in and Joint Venture agreement with AngloGold Ashanti now includes the Nyngan South, Nevertire South and Mulla projects, which are adjacent to the Nyngan and Nevertire projects (the latter two included in the original May 2024 agreement) and streamlines exploration across a continuous strike that exceeds a 100km’s.

Initial scout drilling activities at the Nyngan project commenced late last year and are ongoing. To date, twelve holes in total have been complete in partnership with AngloGold Ashanti, and follows encouraging results for the first six holes completed in 4Q’20242.

Looking ahead, a recently completed ground gravity survey covering over 400km2 has identified a number of new potential targets for drilling. Interpretations and discussions for potential follow up drilling are now underway with AngloGold Ashanti as the scout drilling program continues. Various coincident magnetic and new gravity anomalies have been identified at both the wider South West and Ace of Spades Targets.

A Stage 2 follow up phase of step out drilling is proposed post completion of the scout drilling program.

Under the amended agreement, planned exploration activities have been expanded to support a first phase drilling program at both the Nevertire and Nevertire South projects with unimpeded access across the consolidated ~8 x 12km Nevertire Magmatic Complex (“NMC”).

Prior explorer drilling at the southern section of the NMC has returned anomalous copper-gold mineralisation, favourable fertility defined by green rock analysis, geochemical zonation and alteration suggestive of an outer porphyry system setting with age dates confirming a highly prospective Phase 4 Macquarie Arc intrusive complex (at approximately 220m depth down hole).

Having secured three prior explorer drill holes at the NMC from the Cadia mine site, a review by Kincora’s technical director John Holliday supports Newcrest prior interpretation that “drilling has identified lithologies, alteration and veining consistent with a setting similar to the Cadia-Ridgeway and Goonumbla porphyry Cu-Au deposits” 3.

John is a foremost figure on Macquarie Arc porphyry systems having been a principal originator, discoverer and site manager for the Tier 1 Cadia gold-copper porphyry and the Marsden copper gold porphyry deposits.

A priority for the upcoming drilling program is an initial follow up program to prior Newcrest hole ACDNY006 which returned a very encouraging intersection of anomalous copper mineralisation (from basement to end of hole), veining and magnetite alteration situated in a high volcanic-hosted level 3.

Prior Newcrest drilling supports Kincora’s view of the planned walk up drill targets within the Nevertire South project underpinning the most advanced and geologically prospective porphyry project within the NJNB district.

A planned drilling program seeks to step out from hole ACDNY006 to discover or create a vectoring pattern to a possible deposit and also test open extensions to the NMC – see Figure 2.

The drilling programs at the Nyngan, Nevertire and Nevertire South projects are expected to run into the third quarter of 2025, providing a steady stream of news flow and management fees to the Company.

Key terms of the Earn-in and Joint Venture Agreement

The key terms of the amended agreement with AngloGold Ashanti Australia Limited, a wholly owned subsidiary of AngloGold Ashanti plc, covering the Nyngan South (Exploration Licence 9708), Nevertire South (Exploration Licence 9710) and Mulla (Exploration License 9320) projects (“New Tenements”), are in addition to the arrangement in respect of the original May 2024 agreement for the Nyngan (Exploration Licence 8929) and Nevertire (Exploration Licence 8960) projects and, in summary, comprise:

  • AngloGold may earn a 70% initial interest in the New Tenement by incurring $25 million in total expenditure on exploration in the initial earn-in period of up to seven years upon which a joint venture would be formed (Phase I). This includes a minimum expenditure of $2 million within the first two years (Minimum Obligation). AngloGold is permitted to withdraw from the Agreement after satisfying the Minimum Obligation or payment of any shortfall.
  • AngloGold can then earn an additional 10% interest in the New Tenements (for a total interest of 80%) by completing a Pre-Feasibility Study (PFS) or by funding a further $25m of expenditure over an additional three years (Phase II).
  • Kincora will initially operate and conduct all exploration activities as directed by an Exploration Management Committee that will comprise two members from each party, and be entitled to a 10% management fee.
  • The amended agreement is otherwise on terms that are customary for similar agreements and includes the agreed principal terms of the proposed joint venture agreement that will apply if AngloGold earns an interest in the NJNB tenements.
  • All expenditure timelines under the Agreement can be accelerated.
  • The amendments to the existing agreement are conditional on Ministerial consent being obtained within six months.

Refer to the May 28, 205 release “AngloGold Ashanti to earn-in to the NJNB Project” for details for the original Earn-in and Joint Venture Agreement for the Nyngan and Nevertire projects.

About the NJNB Project Portfolio

The Macquarie Arc is Australia’s premier porphyry copper-gold province being a hotspot for recent corporate activity, with over $16 billion of M&A for producing assets and over $385m of exploration earn-in/joint ventures, and exploration success, including two greater than 10Moz gold equivalent discoveries/resource expansions 4.

Despite regional magnetics effectively mapping the Macquarie Arc volcanic belts, due to the post mineral cover there has been very limited prior drilling of the extensions of both the Junee-Narromine and Molong volcanic belts relative to the southern more outcropping sections. These more mature southern exploration regions host over 160Moz gold equivalent inventory 5 and a number of world-class mines (Cadia, Cowal and Northparkes).

Kincora’s portfolio and the wider NJNB offers new district-scale discovery potential with spatial and temporal settings, coupled with magnetics, gravity and new Ambient Noise Tomography (ANT) surveys, supportive of large-scale targets analogous to porphyry deposits located in the southern section of the Arc. AngloGold Ashanti has secured Earn-in and Joint Venture Agreements with both Kincora and Inflection Resources (Inflection, market capitalisation C$33.7 million, >4x Kincora’s 6) covering ~10,000km2 within the NJNB with over A$14 million investment to date 7. In the last month AngloGold Ashanti has moved to Phase II of its earn-in agreement with Inflection designating a total of four projects to continue earning into (including two projects adjacent to Kincora’s Nyngan project) 8 – see Figure 2.

The most recent notable example of a new globally significant emerging porphyry district is the Vicuña district, which is also an extension of a renowned world-class porphyry belt. Vicuña is an extension of the central Andean belts in Argentina on the border of Chile and situated at over 4000m altitude.

Within this district NGEx Resources Inc in 2009 held three early-stage exploration projects and at the time had a market capitalisation of approximately C$40 million 9. These same projects are all still at a pre-development phase but have yielded in four large-scale discoveries currently valued at over $10 billion 10.

Kincora was an early mover into the Northern Junee-Narromine Belt, securing a district scale portfolio of the interpreted most prospective and shallow to moderate covered part of the northwards extension of the Macquarie Arc under post mineral cover. This portfolio now covers a strike twice the length of the Vicuña district and included in earn-in and agreements with AngloGold Ashanti.

The NJNB is virgin exploration territory and offers new district-scale discovery potential with spatial and temporal settings, coupled with regional magnetics and gravity, supportive of large-scale intrusive complexes and targets analogous to porphyry deposits located in the southern and more mature sections of the Macquarie Arc.

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Figure 2: First phase drilling activities at Kincora’s Nyngan project are ongoing with activities initiated for initial drilling at the highly prospective Nevertire and Nevertire South projects
In the last month, AngloGold Ashanti has moved to Phase II of its earn-in agreement with Inflection Resources (market capitalisation >C$33 million) designating a total of four projects to continue earning into (including two adjacent to Kincora’s Nyngan and Nyngan South licenses) and formed a second earn-in and joint venture agreement with Kincora

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About AngloGold

AngloGold Ashanti plc (NYSE: AU) (market capitalization ~US$21.6 billion) is the world’s fourth largest gold miner by production with projects and exploration activities across nine countries on four continents.

AngloGold pursues value-creating opportunities, where it can leverage their existing assets, shareholdings, skills and experience.

AngloGold has a track record of successful exploration with its greenfields and brownfields exploration programmes seeking to support sustainability and growth of its business. AngloGold’s greenfield exploration strategy aims to discover large, high-value Mineral Resources that will eventually lead to the development of new gold mines.

For more information please visit AngloGold’s website at www.anglogoldashanti.com.

About Kincora

Kincora Copper is an active explorer and project generator focused on world-class copper-gold discoveries.

Kincora’s portfolio includes district scale landholdings and scale-able drill ready targets in both Australia and Mongolia’s leading porphyry belts, the Macquarie Arc and Southern Gobi, respectively, and the historical Condobolin mining field in the southern section of the Cobar superbasin NSW.

For more information please visit Kincora’s website at 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: 1.604.283.1722
Fax: 1.888.241.5996

Subsidiary office Australia

Vista Australia
Level 4, 100 Albert Road
South Melbourne, Victoria 3205

References:

(1) Over $110 million of potential partner funding for eight earlier stage and/or non-core projects includes:

(a) In addition to the terms announced in this release, the original up to A$50m earn-in & JV agreement with AngloGold Ashanti for the Nyngan & Nevertire projects: refer May 28, 2024 release “AngloGold Ashanti to earn-in to the NJNB Project” (estimated budget to end of Dec 2024 >$1.5m, incl. 2707m drilling, Kincora currently the project manager receiving a 10% fee of expenditure). For more information on AngloGold Ashanti please visit their website at www.anglogoldashanti.com

(b) Fleet Space Technologies (which in December 2024 raised $150m in a Series D financing) partnership under R&D Grant for geophysical surveys at Nyngan: refer Jul 25, 2024 release “ANT and Gravity Geophysical Surveys at the Nyngan Project” (est. budget $500k). For more information on Fleet Space please visit their website at https://www.fleetspace.com

(c) Fleet Space partnership for the Wongarbon project: refer Oct 16, 2024 release “Kincora announces Strategic Investment & Expanded Partnership with Fleet Space” (Fleet Space is to conduct ANT & gravity surveys with the right to fund >2000m of drilling for an earn-in/JV. Est. budget for ANT & gravity surveys $600k, follow up drilling >$0.5m)

(d) Exploration Alliance partner Earth AI (which in January 2025 raised US$20m in a Series B financing) drilling commenced at the Cundumbul project: refer May 20, 2024 release “Artificial Intelligence Partner Drilling New Copper Targets at the Cundumbul Project” (Earth AI has the right to right to spend up to $4.5m at Cundumbul and earn an NSR upon a “qualifying interval”. Estimated budget to date >$750k, incl. 5 completed holes for >2500m with a VTEM geophysical survey recently completed and analysis ongoing).

(e) Woomera Mining (now Orbminco Ltd) agreement for Kincora’s Mongolian assets: refer Aug 12, 2024 release “Kincora secures funded, successful and motivated partner for Mongolian assets” & Orbminco release Jan 14, 2025 “Drilling Results for Bronze Fox Copper-Gold Project“, incl. drilling results & technical details/disclaimers (Orbminco has the right to spend US$4m for a 80% interest in the Mongolian subsidiaries with Kincora free carry also to FID or a cash payment + NSR acquisition right for 100% interest. Orbminco consideration shares to Kincora $450k. Estimated budget >C$960k to Dec 31, 2024 incl. 2516m of drilling (& ex-planned conversion of the western exploration to a mining license and 2025 field work/drilling).

(2) Refer to Kincora’s exploration update press release Feb 13, 2025, “Encouraging results expands Kincora Copper and AngloGold Ashanti’s First Drilling Program”

(3) Newcrest Mining annual reports (public access) for former license EL6337, available on DIGS via MinView (https://minview.geoscience.nsw.gov.au).

(4) Ocean Blue Equities Oct 8, 2024 initiation research report on Waratah Minerals with the addition of Newmont’s earn-in and joint venture agreements with Koonenberry Gold for the:

(a) Junee porphyry project ($23.9m of expenditure to date, ex the Jan 2025 drilling with Koonenberry Gold carried until commercial production); and,

(b) Fairholme porphyry project (Koonenberry carried until $15m of exploration expenditure, with $1.14m spent to date, ex the Jan 2025 drilling program).

(5) MinEx Consulting report for Kincora.

(6) Market capitalisation of Inflection Resources as at Apr 11, 2025 following Apr 1, 2025 issuance of shares to AngloGold Ashanti (https://inflectionresources.com/inflection-resources-completes-share-issuance-to-anglogold-ashanti/).

(7) Includes AngloGold Ashanti funded exploration with Kincora and Inflection as at Dec 31, 2024, including Phase 1 and Phase 2 expenditures with Inflection (refer to the Mar 3, 2025 “MD&A” for the quarter ended Dec 2024).

(8) Refer to Inflection Resources’ Mar 25, 2025 release “AngloGold Ashanti Designates Four Inflection Resources Projects for Phase II of Exploration Earn-in Agreement”.

(9) NGEx Minerals valuation 2009 when it owned the projects included in (3). Refer to NGEx’s presentation July 2024 for further details.

(10) “>$10 billion market value“: includes values for Filo Corp & Josemaria based on the Jul 29, 2024 transaction values from Lundin Mining & BHP (see public market releases, “Lundin Mining and BHP to Acquire Filo and Form a 50/50 Joint Venture to Progress the Filo del Sol and Josemaria Projects“) and Apr 11, 2025 market capitalisation of NGEx Minerals.

Forward-Looking Statements

Certain information regarding Kincora contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-Looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. 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, continued availability of capital and financing and general economic, market or business conditions. 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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.

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Doubleview Gold Corp 2025 Exploration Program

Doubleview Gold Corp. (TSXV:DBG)(OTCQB:DBLVF)(FSE:1D4) (the “Company” or “Doubleview”) is pleased to share its plans for the upcoming 2025 exploration season for its 100% owned BC projects. Based on the Company’s successful 2024 exploration season, which included publishing the Hat Project’s maiden resource estimate (‘MRE V1′), exceptional high-grade drill results from its 10,000m drill program (please see the Company’s news release from February 05, 2025) and the recently announced collaboration of the Company with Her Excellency Sheikha Sara Nasser Al-Thani of Qmission of Qatar (please see the Company’s news release from March 05, 2025), Doubleview is readying its field crews for the upcoming field season.

Hat Project – 2025 Program of WorkDoubleview is setting out to continue building on its exploration success at its polymetallic Hat Project. The 2024 drill results have provided important information which is supporting the Company’s geological team in understanding the evolution of, and ultimately the entire Hat Deposit (“Hat” or “Deposit”) system. The goals of the upcoming drill season are to continue to expand and build the resource to higher levels of confidence, to test newly identified targets to the northwest and east of the Deposit, and to find the source of the system that created the Hat Deposit.

Details for the environmental sampling program are currently being finalized. Doubleview’s intensions are to implement this work to fulfill regulatory requirements necessary towards further development of the Hat Project. The Preliminary Economic Assessment (“HAT PEA”) with an updated Mineral Resource Estimate (“HAT MRE 2.0”) is steadily progressing as expected.

President & CEO Farshad Shirvani states: “After achieving several milestones for the Hat Project, it is time to continue its development. Our field crew, technical team and I are excited about the newly acquired information which will guide this year’s efforts. Our goals are to find the porphyry system’s source, to further advance the integrity of the resource estimate categories, to continue advancing environmental work and building stakeholder relationships. There are less than 90 drill holes at the Hat Project, and we have been able to show tremendous results. At the same time, it is very clear that there are many more opportunities to enhance the Hat Deposit that our team is eager to explore.” Mr. Shirvani added: “The Company is continuing its dialogue with Her Excellency Sara Nasser Al-Thani of Qmission of Qatar to build a strong relationship to explore optimal opportunities for both sides. With the worldwide growing attention on critical minerals, by governments and major mining companies alike, we believe that the Company is a great position.”

Red Spring – 2025 Exploration ProgramPart of Doubleview’s portfolio of projects is Red Spring, which is located in central BC, Canada. It is a copper-silver-gold project which in recent exploration programs showed elevated zinc values. With copper and zinc being elements that are listed as Critical Minerals by the Canadian Government, the Red Spring project merits a well-tailored exploration program. For this season an extensive ground IP program is planned which will be followed-up by drilling based on the IP results. The goal of the exploration program is to build on existing data and together with the new results, narrow down the potential deposit type. Currently the two potential deposit types in focus for the project are sediment hosted copper-silver deposits and Eskay Creek type deposits.

Doubleview maintains a website at www.doubleview.ca.

Qualified Persons:
Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

About Doubleview Gold Corp
A mineral resource exploration and development company is headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV:DBG)(OTCQB:DBLVF)(WKN:LA1W038), and (FSE:1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals-utilizing cutting-edge exploration techniques.

Doubleview’s success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company’s strategic initiatives. Doubleview looks forward to further collaborative growth and development, and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.

About the Hat Polymetallic Deposit
The Hat Deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold, cobalt, and the potential for scandium. As one of the region’s significant sources of critical minerals, the Hat deposit has undergone targeted exploration and development. The 0.2% CuEq cut-off resource estimate, as of the recently completed Mineral Resource Estimate and the Company’s July 25, 2024, news release, is summarized below:

Average Grade Metal Content
Open Pit Model Hat Resource Category Tonnage CuEq Cu Co Au Ag CuEq Cu Co Au AgMt % % % g/t g/t million lb million lb million lb thousand oz thousand ozIn Pit Indicated 150 0.408 0.221 0.008 0.19 0.42 1,353 733 28 929 2,045Inferred 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.

*- Copper Equivalent (CuEq) currently does not include the Scandium- Metal equivalents should not be relied upon for future evaluations.- Parameters used to calculate Copper Equivalent: Au price (US$/oz): 1900; Ag price (US$/oz): 24; Cu price (US$/lb): 4; Co price (US$/lb): 22. Au recovery: 89.0%; Ag recovery: 68.0%; Cu recovery: 84.0%; Co recovery: 78.0%. * Copper Equivalent Calculation CuEq in % = ([Ag grade in ppm] *24*0.68/31.1035 + [Au grade in ppm] *1900*.89/31.1035 + 0.0001* [Co grade in ppm] *22*0.78*22.0462 + 0.0001* [Cu grade in ppm] *4*0.84*22.0462)/(4*22.0462*0.84).

For further details, please refer to the Company’s July 25, 2024 news release.

On behalf of the Board of Directors,

Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@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.

SOURCE: Doubleview Gold Corp.

Anson Resources | A1 Lithium & KOCH Successfully Deliver Direct Lithium Extraction Industry Leading-Results

Key Findings:

  • KOCH DLE Process achieves an average lithium recovery rate of 98%
  • Key brine contaminants average rejection greater than 99%, resulting in low purification production costs
  • Industry leading Lithium Chloride concentration attained
  • Li:TDS ratio of up to 0.129, averaging 0.126, significantly above the target Li:TDS of 0.08, expected to lower the cost with less evaporation during the EV battery grade purification process
  • 43,500 gallons (165,000 litres) of high purity lithium chloride was produced that meet or exceeded the specifications required by downstream processors

NEWPORT BEACH, CA, Mar 25, 2025 – (ACN Newswire) – Anson Resources Limited (ASX:ASN) (“Anson” or the “Company”), through its 100% owned subsidiary in the USA, A1 Lithium Inc (A1 Lithium) is pleased to announce that successful completion of the pilot program with KOCH Technology Solutions (“KTS”). The program successfully delivered all technical requirements, producing high concentration and high purity lithium chloride eluate at the onsite Direct Lithium Extraction (“DLE”) unit from freshly extracted lithium rich brine at its Green River Lithium Project, in south-eastern Utah, USA.

The KTS DLE Process achieved an average lithium recovery rate of 98% and the rejection rates of contaminants exceeded 99%. In addition the Li:TDS averaged 0.125 significantly exceeding the industry standard Li:TDS ratio required for downstream processing of 0.08 by 57%. This will result in lower processing costs of the lithium carbonate that the company plans to produce.

Based upon these results KTS will provide to Anson/A1 Lithium “process guarantees” for a commercial scale plant of 10,000 tons per annum of lithium carbonate.

The KTS DLE plant successfully produced 43,500 gallons (165,000 litres) of high-quality eluate at the Green River, Utah, USA site, which is stored and now available for downstream processing.

Superior Containment Rejection and Recovery

The KTS DLE process test work achieved an average lithium recovery rate of 98% and a high rejection rate of the key impurities meeting or exceeding all targets. Where the DLE step rejects a higher percentage of impurities, the resulting lithium chloride solution, which is to become lithium carbonate electric vehicle (EV) grade of 99.95% purity, can be converted more efficiently. The level of rejection in the preliminary results, of the key impurities from the KTS DLE process during an optimized configuration and operation parameter were:

Executive Commentary

Anson’s Executive Chairman & CEO, Mr. Bruce Richardson commented, “These results from the KTS DLE pilot program are exceptional. The industry leading Li:TDS ratio will make a significant contribution to the financial success of the Green River Lithium Project as will the very high rates of impurity rejection. The cooperation has been truly successful. Congratulations to both the KTS and A1 Lithium teams that worked so hard on this project. Anson looks forward to further collaboration with KTS as partners in the development of the Green River Lithium Project.” Mr Richardson continued, “Testing of DLE process is essential to reduce commercial production risks and assists in financing a project. Anson has conducted several DLE test work programs, at different times of the year and the KTS results are a standout, not only technically but also from a cost perspective. Anson will continue to focus on these two aspects during the development of the Green River Lithium Project to maximize investor and shareholder returns.”

Lithium Business Leader at Koch Technology Solutions, Garrett Krall said, “We are proud to achieve this level of brine production at an industry-leading TDS, demonstrating the capability of Li-Pro™ technology and its continued successful commercialization with Anson. This milestone marks a great step forward for the commercial success of DLE, and we are excited to continue supporting this Project in Utah.”

Pathway to Commercialization

KTS has indicated to Anson that there is enough data from the test work to provide a “Technical Annex” that will include process guarantees for a 10,000 tpa production plant using its Li-Pro™ LSS technology. This is expected to be completed in a few months. A process guarantee is a key requirement in securing debt funding for the Project.

Exceptional Lithium Purity & Process Efficiency

The process achieved an average lithium recovery of 98% over the seven months of operation and generated approximately 43,500 gallons (165,000 liters) of lithium chloride at or above the specifications required by downstream processors. The eluate can now be refined and concentrated using tested and proven steps to battery grade product. The production and retention of eluate provides sufficient lithium chloride for downstream test work and final product trials.

DLE systems that produce a lithium chloride solution with a lithium-to-total dissolved solids ratio (Li:TDS) greater than 0.08 are considered as suitable for downstream processing. The lithium chloride eluate produced with the KTS DLE plant achieved a Li:TDS of up to 0.129. The average Li:TDS of 0.126 achieved over the program, is a 57% improvement relative to the target Li:TDS ratio of 0.08.

A high Li:TDS ratio has positive implications for the costs of the lithium purification process step. A higher ratio equates to a lower amount of water to be removed (evaporated) prior to lithium carbonate precipitation. Less evaporation requires less energy to reduce the volume of eluate and increase the concentration of lithium prior to carbonation.

The brine samples were assayed on site at Green River with the Company’s ICP machine due to allow for continuous sampling and quick turnaround of assay results required to continually fine tune the DLE process. These assay results were then confirmed by independent third-party off-site laboratories.

During the seven-month continuous operating period (August 2024 to February 2025) onsite, the KTS DLE plant successfully produced 43,500 gallons (165,000 litres) of high-quality eluate at Green River.

The seven months of DLE test work allowed Anson and KTS to fine-tune the process control steps, identifying the optimal balance for lithium recovery, impurity removal, water usage, and lithium concentration under various climate conditions, including temperatures below freezing. This critical data will support the operation of the production plant, ensuring its efficiency throughout the year in diverse environmental conditions.

Downstream of the DLE process, the LiCl solution which can be efficiently purified via standard ion exchange (IX) resins will be processed by various technologies to further remove the low concentrations of the unwanted impurities (e.g. calcium, potassium, magnesium, and boron). The pilot plant has shown a proven ability to produce LiCl solutions suitable as feedstock for this purification process.

This announcement has been authorized for release by the Executive Chairman and CEO and reviewed & contributed to by KOCH Technology Solutions (KTS).

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 to 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

Will Maze
Head of Investor Relations
E: Investors@AnsonResources.com
Ph: +1 949-508-7834
www.AnsonResources.com

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SOURCE: Anson Resources