Category: Mining

Doubleview Gold Corp. Achieves a Major Breakthrough in Scandium Recovery from Copper Porphyry Tailings

Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) (FSE: 1D4) (“Doubleview” or the “Company”) is pleased to announce positive first-phase pre-optimization results from its two-year, novel scandium-focused metallurgical test program. These results confirm the technical viability of recovering high-purity scandium oxide alongside copper, gold, cobalt, and other metals from the Company’s 100%-owned flagship HAT polymetallic deposit in northern British Columbia.

This breakthrough development marks a global first: The successful recovery of scandium from copper porphyry flotation tailings to a scandium oxide product.

The primary objective of this extensive test program, conducted at SGS Canada Inc., was to establish a viable proprietary flowsheet enabling scandium to be included in the upcoming, updated mineral resource estimate and preliminary economic assessment, potentially as measured, indicated, or inferred resources. The Company’s maiden resource estimate (July 25, 2024) highlighted a scandium potential of 300 to 500 million tonnes grading approximately 40 ppm Sc2O3.

“The scandium resource potential is based on the drill holes on the property drilled for (July 25, 2024) maiden resource estimate for other metal content than scandium. The potential quantity and grade are conceptual in nature, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.”

Early metallurgical test work demonstrated that scandium could be extracted from copper flotation tailings. Subsequently, through an innovative robust test work programme at SGS Canada Inc., it has been successfully demonstrated that scandium in flotation tailings can be recovered to a high purity di-scandium tri-oxide product (Sc2O3).

Key metallurgical results include:

  • Primary scandium extraction (leach): 82%
  • Overall scandium recovery to high-purity Sc2O3 product: 88%

Future work to advance the Hat project will focus on continuous pilot plant testing and further optimization to improve primary extraction and enhance final product purity.

Farshad Shirvani, President and CEO of Doubleview Gold Corp., stated:

“Today’s results are a game-changer for the HAT project and potentially for the entire scandium industry on the world stage. World scandium supply is severely limited although there are several scandium projects currently being considered for development. Our metallurgy program shows that at HAT, we can recover high-value scandium directly from the tailings of a standard copper flotation circuit, using acid produced from internally generated pyrite. If the HAT project advances to production, scandium could become a high-margin bonus on top of a potential world-class copper-gold-cobalt operation.

Now that we’ve established the technical viability of scandium recovery, the next steps will focus on pushing extraction and overall recovery as high as possible through continued optimization and pilot-scale testing. I could not be more excited about what the future holds for Doubleview shareholders and all our stakeholders.”

The pictures below show the first Scandium Oxide (Sc2O3) produced from the Hat Deposit in the lab. Doubleview now plans to continue its metallurgical optimization program to enhance the recovery of scandium and other metals, including copper, cobalt, gold, and silver, which are critical for the upcoming prefeasibility study.

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Photo 1: Scandium Oxide (Sc2O3) from the Hat deposit

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Photo2: Scandium Oxide (Sc2O3) from the Hat deposit

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Qualified Person:

EUR ING Andrew Carter B.Sc., CEng., MIMMM (QMR), MSAIMM, SME, Doubleview’s Qualified Person with respect to the HAT Project metallurgical studies as defined by National Instrument 43-101, has reviewed and approved the technical content of this news release and is independent of the Company.

What is Scandium?

Scandium (Sc) , (atomic weight 45.10, density 2.5), a close relative of the Rare Earth elements, possesses exceptional properties when alloyed with other metals, particularly aluminum. It is lightweight, corrosion-resistant, and as an alloy is capable of dramatically improving strength, heat resistance, and weldability without adding significant weight. When combined with aluminum, scandium forms alloys that achieve the strength of steel while maintaining the light weight of aluminum, enabling revolutionary applications in transportation, aerospace, and clean energy. Scandium’s scarcity, produced in limited quantities globally, primarily as a byproduct, makes it a high-value critical mineral, with prices often exceeding $5,000 per kilogram. Its applications span aerospace, defense, and increasingly, the clean energy sector, where it plays a pivotal role in advancing sustainable technologies. Global scandium resources are dominated by projects in Australia and northern Europe. Canadian deposits potentially can allow diversity of supply within a stable and mature mining jurisdiction.

About Doubleview Gold Corp

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) is a Canadian resource company advancing the 100%-owned Hat Polymetallic Project, located in the prolific Golden Triangle of northwestern British Columbia. The Hat hosts a large copper-gold-cobalt-scandium porphyry system with significant critical metal potential. Doubleview is dedicated to responsible exploration, Indigenous engagement, and sustainable development that benefits both shareholders and local communities.

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.

For more information, please visit: www.doubleview.ca

About the Hat Polymetallic Deposit

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

Open 
Pit 
Model Hat		  Average GradeMetal Content
Resource CategoryTonnageCuEqCuCoAuAgCuEqCuCoAuAg
Mt%%%g/tg/tmillion 
lb		million 
lb		million 
lb		thousand
oz		thousand
oz
In PitIndicated1500.4080.2210.0080.190.421,353733289292,045
Inferred4770.3440.1850.0090.150.493,6191,945912,3287,575

Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.

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

On behalf of the Board of Directors,

Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

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.

The information contained herein contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation (collectively, “forward-looking statements”). Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. All statements, other than statements of historical fact, are forward-looking statements and are based on predictions, expectations, beliefs, plans, projections, objectives and assumptions made as of the date of this news release, including without limitation: the size of the Private Placement and other statements concerning the Private Placement; the anticipated use of proceeds from the Private Placement; the renunciation to the purchasers of FT Shares and timing thereof; the tax treatment of the FT Shares and the Company’s plans regarding exploring its mineral exploration properties; anticipated results of geophysical drilling programs, geological interpretations and potential mineral recovery. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate funding on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; risks related to the gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company’s prospects, properties and business detailed elsewhere in the Company’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise any forward-looking statements, other than as required by applicable law, to reflect new information, events or circumstances, or changes in management’s estimates, projections or opinions. Actual events or results could differ materially from those anticipated in the forward-looking statements or from the Company’s expectations or projections.

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Anson Signs Definitive Offtake Agreement with LG Energy Solution

Highlights:

  • Anson Resources (via its 100% owned subsidiary A1 Lithium) and LG Energy Solution have executed a Definitive Offtake Agreement (“Definitive Offtake Agreement”) for the supply of battery grade lithium carbonate from Anson Resources’ 100% owned Project within the Paradox Basin.
  • Subject to the satisfaction of customary conditions precedent (summarised in the annexure), the Initial 5-year term is expected to commence in 2028, with the ability to extend for a further five years.
  • LG Energy Solution to purchase 4,000 dry metric tonnes per year and specifies the operational and logistical requirements for the delivery of product.
  • Pricing is determined using a formula-based mechanism referencing market prices for battery-grade Lithium Carbonate.
  • LG Energy Solution is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems.

Anson Resources Limited (ASX:ASN) (Anson Resources or the Company) is pleased to announce that it has completed negotiations with LG Energy Solution and on the Definitive Offtake Agreement for the supply of battery-grade Lithium Carbonate from its 100% owned Project within the Paradox Basin in Southern Utah.

The Definitive Offtake Agreement provides for the supply of up to 4,000 dry metric tonnes per annum (tpa) of battery-grade Lithium Carbonate produced at the Project, expected to commence in 2028, representing approximately 40% of the Project start-up production capacity of ~10,000tpa.

LG Energy Solution is an ideal partner for Anson Resources with its diversified customer base of tier one OEMs and energy storage solutions (ESS) and strong investment to expanding production in North America. LG Energy Solution has eight facilities currently operating or under construction in North America, with stand-alone facilities in Michigan and Arizona and five joint venture facilities with major automakers.

Signing of the Definitive Offtake Agreement with LG Energy Solution marks another key milestone for the Company’s develops in the Paradox Basin. This Definitive Offtake Agreement will become effective subject to Anson Resources commencement of commercial production in the Paradox Basin and offtake product qualification with LG Energy Solution.

The Paradox Basin is a globally significant lithium asset, which the Company through its 100% owned USA subsidiary A1 Lithium, is working to develop into one of the largest lithium resources in the United States. The Company is conducting exploration and test work of the brine, that is known to exist, across multiple areas in the Paradox formation. This work is on-going and if successful will support the Company’s theory that the brines of the Paradox Basin contain one of the largest lithium resources in North America.

This Definitive Offtake Agreement is also an essential part of the critical path for debt funding at the Final Investment Decision stage.

Anson Resources Executive Chairman and Managing Director Bruce Richardson commented:

“Anson is delighted to have concluded our definitive offtake agreement with LG Energy Solution for at least 40% of our production. LG Energy Solution not only has a diversified customer base of tier one OEM’s they also have many energy storage solutions (ESS) customers.

Anson recognized the unstoppable paradigm shift in the US supply chain for electric vehicle battery materials and ESS and the key role that Korean battery manufacturers are playing.

This shift in manufacturing investment has led to an increased demand for lithium produced in the US, not only to shorten supply chains geographically but also increase US content of electric vehicle batteries and electric vehicles,

Anson identified this change, targeted its offtake marketing activities to the companies that have made these investments into North America and in particular, the US where Anson development work in the Paradox Basin in Southern Utah is strategically positioned.

This definitive offtake agreement establishes the foundation for a long-term partnership and we are proud that we will be supplying low cost US made lithium from the Paradox Basin to LG Energy Solution a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems.”

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 asset is the Paradox Lithium Project in Utah, in the USA. Anson is focused on developing the Paradox Project into a significant lithium producing operation. The Company’s goal is to create long-term shareholder value through the discovery, acquisition and development of natural resources that meet the demand of tomorrow’s new energy and technology markets.

www.ansonresources.com Follow us on Twitter @anson_ir

Forward Looking Statements: Statements regarding plans with respect to Anson’s mineral projects are forward looking statements. There can be no assurance that Anson’s plans for development of its projects will proceed as expected and there can be no assurance that Anson will be able to confirm the presence of mineral deposits, that mineralisation may prove to be economic or that a project will be developed.

Competent Person’s Statement 1: The information in this announcement that relates to exploration results and geology is based on information compiled and/or reviewed by Mr Greg Knox, a member in good standing of the Australasian Institute of Mining and Metallurgy. Mr Knox is a geologist who has sufficient experience which is relevant to the style of mineralisation under consideration and to the activity being undertaken to qualify as a “Competent Person”, as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and consents to the inclusion in this report of the matters based on information in the form and context in which they appear. Mr Knox is a director of Anson.

SOURCE: Anson Resources

Doubleview Gold Corp. Highlights Scandium Potential at Hat Project, a Key Enabler for the Electrification Economy

Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (“Doubleview” or the “Company”), is a leading Canadian exploration company that is currently finalizing a Preliminary Economic Assessment (PEA) and updated Preliminary Resource Estimate (MRE) at its Hat Critical and Strategic Metals deposit in the so-called Golden Triangle of northwestern British Columbia. This News Release discusses the importance of Scandium, an important component of the Hat deposit.

The Hat deposit hosts significant scandium potential estimated at 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3, representing one of the world’s largest undeveloped scandium deposits. Doubleview anticipates releasing results from its 2-year metallurgical analysis program in the immediate future when details are received from its metallurgical consultants and laboratories. The Company anticipates the analysis will confirm high scandium recovery rates and enable its inclusion in the upcoming updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA), both of which are expected to be finalized before the end of 2025. As the global shift toward electrification accelerates, scandium emerges as a vital material for enhancing energy efficiency and supporting clean technologies. The Hat Project, with its unique polymetallic profile including copper, gold, cobalt, silver, and scandium, positions Doubleview to contribute significantly to this transition.

What is Scandium?

Scandium (Sc), (atomic weight 45.10, density 2.5), a close relative of the Rare Earth elements, possesses exceptional properties when alloyed with other metals, particularly aluminum. It is lightweight, corrosion-resistant, and as an alloy is capable of dramatically improving strength, heat resistance, and weldability without adding significant weight. When combined with aluminum, scandium forms alloys that achieve the strength of steel while maintaining the light weight of aluminum, enabling revolutionary applications in transportation, aerospace, and clean energy. Scandium’s scarcity, produced in limited quantities globally, primarily as a byproduct, makes it a high-value critical mineral, with prices often exceeding $5,000 per kilogram. Its applications span aerospace, defense, and increasingly, the clean energy sector, where it plays a pivotal role in advancing sustainable technologies. Global scandium resources are dominated by projects in Australia and northern Europe. Canadian deposits potentially can allow diversity of supply within a stable and mature mining jurisdiction.

The Hat Project: A Significant Scandium Deposit

At Doubleview’s Hat Project scandium is hosted by a large scale alkalic porphyry system that is one of the world’s very few scandium-bearing deposits. Recent drilling and resource updates, including the maiden Mineral Resource Estimate released in July 2024 and subsequent expansions announced in October 2025, have confirmed an increased footprint and potential volume for the polymetallic deposit. The Hat Deposit is distinguished by its robust mineralization, with scandium occurring with what the Company anticipates being economically viable concentrations of copper, gold, cobalt, and silver. Doubleview’s exploration, including mapping and geophysical and geochemical surveys and more than 100 drill holes, has outlined shallow and deep mineralized horizons, that confirm the deposit’s scale and its potential to become a leading source of base and precious metals, including not only copper and gold but also cobalt, silver and scandium.

Advanced Metallurgy and High Recovery Rates

Doubleview has made significant investment in metallurgical test work in support of its Hat Project with the objective of optimizing the efficient extraction and recovery of its component metals. High recoveries will enhance project economics by maximizing value from the ore. Notably, the Company’s ongoing metallurgical studies, as highlighted in recent progress updates, will refine these techniques further, ensuring environmentally responsible and cost-effective production.

Doubleview believes its Hat deposit’s polymetallic nature and physical characteristics offer a unique and very valuable advantage as scandium can be recovered as a secondary product alongside primary gold and copper production. The by-product concept minimizes incremental costs, leveraging the same mining and milling operations to unlock scandium’s value. By treating scandium as an enhancement to the core copper-gold operation, Doubleview can achieve diversified revenue streams while maintaining operational efficiency, transforming what could be a standalone challenge into a synergistic opportunity.

Scandium’s Value in the Electrification Economy

In the rapidly growing electrification economy, scandium may play a transformative role by enabling lighter, more efficient, and durable materials essential for electric vehicles (EVs), renewable energy systems, and advanced power generation. When alloyed with aluminum, scandium creates super-strong, lightweight composites that reduce vehicle weight by up to 20-30%, extend EV battery range, and improve overall energy efficiency. Outstandingly this is critical for the transportation industry’s push toward zero-emission where every gram saved translates to greater sustainability and cost savings.

Beyond EVs, scandium as a catalyst is a key component in solid oxide fuel cells (SOFCs), which generate clean electricity from hydrogen or natural gas with high efficiency and low emissions. Scandium-stabilized zirconia electrolytes in SOFCs enhance ionic conductivity, lower operating temperatures, and increase cell lifespan, making them ideal for distributed power generation in data centers, industrial facilities, and microgrids. As governments worldwide invest in hydrogen infrastructure and fuel cell technologies to meet net-zero goals, demand for scandium is projected to surge, potentially outstripping current global supply of around 15-20 tons annually. The Hat Project’s scandium resources align perfectly with this demand, offering a secure, domestic source to support the world’s clean energy ambitions.

“Scandium represents a game-changer for Doubleview and the broader electrification landscape,” said Farshad Shirvani, President and CEO of Doubleview Gold Corp. “Our Hat Project not only bolsters Canada’s critical minerals strategy but also positions us to deliver high-value materials that drive innovation in clean energy and transportation.”

Doubleview continues to advance the Hat Project through drilling, metallurgical optimization, and resource expansion, with plans for more updates in the coming weeks. Our metallurgical consultants will provide further progress reports that we will share in new releases.

About Doubleview Gold Corp
Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) is a Canadian resource company advancing the 100%-owned Hat Polymetallic Project, located in the prolific Golden Triangle of northwestern British Columbia. The Hat hosts a large copper-gold-cobalt-scandium porphyry system with significant critical metal potential. Doubleview is dedicated to responsible exploration, Indigenous engagement, and sustainable development that benefits both shareholders and local communities.

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.

For more information, please visit: 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 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 GradeMetal Content
Open Pit Model HatResource CategoryTonnageCuEqCuCoAuAgCuEqCuCoAuAg
Mt%%%g/tg/tmillion
lb		million lbmillion lbthousand ozthousand oz
In PitIndicated1500.4080.2210.0080.190.421,353733289292,045
Inferred4770.3440.1850.0090.150.493,6191,945912,3287,575

Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.

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

On behalf of the Board of Directors,

Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

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.

The information contained herein contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation (collectively, “forward-looking statements”). Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. All statements, other than statements of historical fact, are forward-looking statements and are based on predictions, expectations, beliefs, plans, projections, objectives and assumptions made as of the date of this news release, including without limitation: the size of the Private Placement and other statements concerning the Private Placement; the anticipated use of proceeds from the Private Placement; the renunciation to the purchasers of FT Shares and timing thereof; the tax treatment of the FT Shares and the Company’s plans regarding exploring its mineral exploration properties; anticipated results of geophysical drilling programs, geological interpretations and potential mineral recovery. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate funding on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; risks related to the gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company’s prospects, properties and business detailed elsewhere in the Company’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise any forward-looking statements, other than as required by applicable law, to reflect new information, events or circumstances, or changes in management’s estimates, projections or opinions. Actual events or results could differ materially from those anticipated in the forward-looking statements or from the Company’s expectations or projections.

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Doubleview Gold Corp. Closes Final Tranche of Non-Brokered Private Placement for Gross Proceeds of $7,181,400

Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the “Company” or “Doubleview”) is pleased to announce that it has closed the second tranche of its previously announced non-brokered private placement (the “Private Placement”) announced on November 7, 2025.

The second tranche consists of 2,016,286 units (the “Units”) at a price of $0.70 per Unit for aggregate gross proceeds of $1,411,400. Each Unit consists of one common share (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one additional Share at a price of $1.00 for a period of 24 months from the date of issue, subject to an accelerated expiry provision whereby the Company may accelerate the expiry date if the volume-weighted average trading price of the Shares on the TSX Venture Exchange is $1.25 or greater for any ten (10) consecutive trading days.

Combined with the first tranche that closed on November 7, 2025, the Company has now raised total gross proceeds of $7,181,400 under the Private Placement.

Insider Participation and Related Party Transaction

A director of the Company participated in the second tranche by subscribing for 350,000 Units ($245,000), representing approximately 17.3% of the second tranche. This participation constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 — Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a), as the fair market value of the securities issued to the director does not exceed 25% of the Company’s market capitalization.

In connection with the second tranche, the Company paid finder’s fees to Research Capital Corporation consisting of $44,100 in cash and 63,000 non-transferable finder’s warrants issued on the same terms as the Warrants forming part of the Units.

All securities issued pursuant to the second tranche, including securities issued as finder’s fees, are subject to a statutory four-month and one-day hold period expiring March 19, 2026.

The Private Placement, including the insider participation described above, is subject to final acceptance of the TSX Venture Exchange.

Proceeds from the Private Placement will be used to advance the Company’s exploration program on its British Columbia projects, particularly the polymetallic Hat Project located in northwestern British Columbia, and for general working capital purposes.

About Doubleview Gold Corp

A mineral resource exploration and development company is headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV: DBG), (OTCQB: DBLVF), (WKN: A1W038), and (FSE: 1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals-utilizing cutting-edge exploration techniques.

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

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


Open 
Pit 
Model 
Hat

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

Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.

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

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

On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer

For further information please contact:
Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

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

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

The information contained herein contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation (collectively, “forward-looking statements”). Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. All statements, other than statements of historical fact, are forward-looking statements and are based on predictions, expectations, beliefs, plans, projections, objectives and assumptions made as of the date of this news release, including without limitation: the size of the Private Placement and other statements concerning the Private Placement; the anticipated use of proceeds from the Private Placement; the renunciation to the purchasers of FT Shares and timing thereof; the tax treatment of the FT Shares and the Company’s plans regarding exploring its mineral exploration properties; anticipated results of geophysical drilling programs, geological interpretations and potential mineral recovery. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate funding on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; risks related to the gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company’s prospects, properties and business detailed elsewhere in the Company’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise any forward-looking statements, other than as required by applicable law, to reflect new information, events or circumstances, or changes in management’s estimates, projections or opinions. Actual events or results could differ materially from those anticipated in the forward-looking statements or from the Company’s expectations or projections.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275145

Focus Graphite Expands Technical Leadership with the Appointment of Veteran Graphite Executive Richard Pearce as Strategic Advisor

Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) (“Focus” or the “Company“), a leading developer of high-grade flake graphite deposits and innovator of next-generation lithium-ion battery technology, is pleased to announce the appointment of Richard Pearce as Strategic Advisor.

This appointment follows the Company’s November 3, 2025 announcement for the conditional award of $14.1 million from Natural Resources Canada (“NRCan“) under the Global Partnership Initiative (“GPI“). The funding supports the launch of Canada’s first chemical-free electro-thermal graphite purification demonstration plant, a key milestone in advancing the country’s critical minerals production capabilities and supply chain.

Mr. Pearce is a licensed professional engineer, economist, and senior executive with more than thirty (30) years of experience managing, financing, and delivering complex industrial and resource projects across the Americas. He brings deep expertise in the energy transition and critical minerals, combining technical, financial, and operational leadership to build and grow successful companies.

As founder and former Chief Executive Officer of South Star Battery Metals Corp. (“South Star“), Mr. Pearce led the development of one of the first new graphite mines in decades to be permitted, financed, and brought into commercial production. Under his leadership, South Star advanced from exploration to full operation, gaining valuable insight into mine development, local community engagement, and sustainable graphite production in Latin America. He has directed multidisciplinary teams on large-scale mining and industrial projects with capital expenditures exceeding US $1 billion, spanning precious and base metals, industrial minerals, and fertilizers.

A Qualified Person (QP) under Canada’s National Instrument (NI) 43-101 standards, Mr. Pearce brings a rare combination of modern, hands-on graphite production experience and regulatory expertise. His addition to the Focus team enhances the Company’s ability to de-risk and accelerate the transition from development to production while maintaining technical and environmental standards.

“No two graphite deposits are the same,” said Dean Hanisch, CEO of Focus Graphite. “Each deposit has its own characteristics, and we wanted someone who has been through it, who has figured out what works and what doesn’t, and truly understands what it takes to put a graphite mine into production. Richard is one of the few people today who has done this successfully, and his experience will help us avoid costly trial and error and ensure our demonstration plant reflects real world operating conditions.”

In his role as Strategic Advisor, Mr. Pearce will lead the optimization of Focus Graphite’s upstream operations — ensuring that ore processing, flotation, and concentrate recovery are fully aligned with the Company’s downstream purification strategy as it moves into the demonstration phase.

His immediate focus will be overseeing upcoming ore-processing campaigns for the Lac Knife Project, evaluating ore behaviour through grinding, flotation, and concentration to define the optimal equipment selection, process-flow design, and material-handling methods required for larger-scale production. The resulting test work will generate the empirical data needed to maximize graphite recovery and product quality.

In parallel, Focus is preparing to launch its first pilot plant program for the Lac Tetepisca Project, where Mr. Pearce will play a central role in assessing ore performance and designing the associated flowsheet. His involvement across both projects ensures a unified, evidence-based operational strategy rather than reliance on theoretical models.

As Focus progresses toward permitting, construction, and commercialization, Mr. Pearce’s mandate is expected to expand to include offtake partnership development, operational scaling, and overall production readiness, supporting the Company’s plan to build a fully integrated mine-to-market graphite supply chain in Quebec.

“I have taken a graphite project from early exploration through construction and commercial production,” said Richard Pearce. “Along the way, I have learned where the real challenges lie — in logistics, processing, scaling, commercialization, and the countless details that only emerge once you build and operate a mine. Those lessons are scarce and invaluable in the West, and I look forward to helping Focus Graphite move efficiently toward production.”

Hanisch added, “There is a big difference between theory and real-world performance. Richard will help us bridge that gap, ensuring that our demonstration facility and future mining operations are designed for practical, field-tested performance. His experience will be key to de-risking our path forward.”

As part of his engagement, Mr. Pearce has been granted 50,000 stock options, exercisable at C$0.60 per share for five (5) years under the Company’s incentive stock option plan, subject to regulatory approval, and may also receive cash compensation for certain advisory services.

Qualified Person

The technical content disclosed in this news release was reviewed and approved by Richard Pearce, PE, President of Brasil Insight Capital LLC., a consultant to the Company, and a qualified person as defined under National Instrument NI-43-101.

About Focus Graphite Advanced Materials Inc.

Focus Graphite Advanced Materials is redefining the future of critical minerals with two 100% owned world-class graphite projects and cutting-edge battery technology. Our flagship Lac Knife project stands as one of the most advanced high-purity graphite deposits in North America, with a fully completed feasibility study. Lac Knife is set to become a key supplier for the battery, defence, and advanced materials industries.

Our Lac Tetepisca project further strengthens our portfolio, with the potential to be one of the largest and highest-purity and grade graphite deposits in North America. At Focus, we go beyond mining — we are pioneering environmentally sustainable processing solutions and innovative battery technologies, including our patent-pending silicon-enhanced spheroidized graphite, designed to enhance battery performance and efficiency.

Our commitment to innovation ensures a chemical-free, eco-friendly supply chain from mine to market. Collaboration is at the core of our vision. We actively partner with industry leaders, research institutions, and government agencies to accelerate the commercialization of next-generation graphite materials. As a North American company, we are dedicated to securing a resilient, locally sourced supply of critical minerals — reducing dependence on foreign-controlled markets and driving the transition to a sustainable future.

For more information on Focus Graphite Inc. please visit http://www.focusgraphite.com.

LinkedIn: https://www.linkedin.com/company/focus-graphite/
X: https://x.com/focusgraphite

Investors Contact:

Dean Hanisch
CEO, Focus Graphite Inc.
dhanisch@focusgraphite.com
+1 (613) 612-6060

Jason Latkowcer
VP Corporate Development
jlatkowcer@focusgraphite.com

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could,” “intend,” “expect,” “believe,” “will,” “projected,” “estimated,” and similar expressions, as well as statements relating to matters that are not historical facts, are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events.

In particular, this press release contains forward-looking information regarding, among other things, the anticipated benefits and outcomes of the Global Partnerships Initiative (“GPI”) funding award from Natural Resources Canada (“NRCan”); the design, construction, and commissioning of the Company’s proposed electro-thermal graphite purification demonstration plant; the expected contributions of Mr. Richard Pearce in his role as Strategic Advisor; and the advancement of the Company’s Lac Knife and Lac Tetepisca projects through permitting, pilot testing, and potential future production. Forward-looking information also includes statements concerning the Company’s expectations with respect to its ability to optimize ore processing and concentrate recovery, integrate upstream and downstream operations, establish offtake and commercialization partnerships, and position both projects as strategic contributors to Quebec’s and North America’s critical-minerals supply chains.

Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, risks related to market conditions, regulatory approvals, changes in economic conditions, the ability to raise sufficient funds on acceptable terms or at all, operational risks associated with mineral exploration and development, and other risks detailed from time to time in the Company’s public disclosure documents available under its profile on SEDAR+.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties, and assumptions contained herein, investors should not place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275141

GMG G-LUBRICANT Achieves 13.8% Fuel Saving in Major Australian Charity Rally

Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company”) is pleased to announce the results of the G-LUBRICANT product demonstration test in a charity car rally across 3,850 kilometres in Australia (the “Charity Rally”). The Charity Rally ran from Australia’s central city of Alice Springs to the country’s Gold Coast. GMG sponsored the GC Strip rally team from the Gold Coast in their participation in the Charity Rally (the “Rally Car Team”).

Before the start of the Charity Rally, the Rally Car Team drove 2,650km, 2,180km on sealed and 470km on unsealed roads, from Gold Coast to Alice Springs over a three day period. The Rally Car Team made the trip in a Ford Falcon Petrol/Gasoline engine rally car that had not yet been treated with G-LUBRICANT. On the trip to Alice Springs, the Ford Falcon averaged 10.8ltrs / 100km of fuel.

The Charity Rally itself began in Alice Springs and ran a total of 3850 kilometres, approximately 2,000km on sealed and 1,850 on unsealed roads (some of which had river crossings and were badly rutted), to Australia’s Gold Coast. After adding G-LUBRICANT, the Ford Falcon Rally Car averaged 9.3ltrs / 100km on the trip, a reduction of 1.5ltrs / 100km, approximately 13.8%, in fuel efficiency savings.

The Rally Car Team Lead – Scott Hubbard – commented: “Not only did we have better fuel efficiency, but we noticed a little drop in engine temperature and the engine definitely sounded smoother. By the finish line, we had beaten the car up pretty badly, front end suspension gone, front shocks completely failed, cracked windscreen, roof damage, exhaust damaged, front wheels knocked out of alignment, gearbox issues, several tyres shredded and a number of cosmetic damages to the car. In fact, the only thing that really made it through the rally unscathed and in perfect working order was the engine!”



To view an enhanced version of this graphic, please visit:
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The Charity Rally is not a race, but rather a challenge to achieve the unthinkable to drive cars worth just $1,500 across Australia via some of its most formidable roads, all in the name of charity. The Charity Rally is a dedicated fundraising event for cancer research with funds going to Cancer Council, one of the largest non-government funders of cancer research in Australia. Cancer Council conducts and funds research studies across all cancers and all stages of the cancer journey. Thanks to the community funds raised by events such as the Charity Rally, Cancer Council can fund world-class research that reduces the impact of cancer for everyone. Approximately $59 million over the past 15 years has been raised by Box Rallies to date, supporting ground-breaking projects.

GMG’s Chief Executive Officer, Craig Nicol, commented: “We were proud to sponsor the Charity Rally charity team from the Gold Coast – the GC Strip – it was so good to see them get a good fuel saving result from G-LUBRICANT at such a worthy event – we get consistent feedback that our graphene enhanced engine oil additive provides 10% or above fuel savings – so great to see the GC Strip Rally Car Team got this as well.”

GMG’s Chairman and Non-Executive Director, Jack Perkowski, commented “Such a great customer testimonial for such a great product.”

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, statements regarding the performance of G-LUBRICANT in fuel saving trials.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that GMG will be able to take orders and deliveries to meet distributor demand around the worldwide. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation, that G-LUBRICANT may not meet fuel saving expectations.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274970

Kincora Commences Drilling at the Wongarbon Porphyry Project

Gold-copper explorer and hybrid project generator Kincora Copper Limited (ASX: KCC) (TSXV: KCC) (“Kincora” or “the Company“) is pleased to have commenced drilling at the Wongarbon porphyry project designed to provide the first ever sample of basement geology and test a prominent magnetic anomaly analogous to the anomalies associated with the largest greenfield discoveries in the Macquarie Arc in recent decades.

John Holliday, Technical Committee chair, commented:

“There is a good chance that the next Cadia-scale deposit in the Macquarie Arc will be found in the covered and underexplored parts of the Lachlan Fold Belt. 

This is virgin territory and a major opportunity with huge upside. Regional magnetics has proven very effective in mapping the prospective Macquarie Arc belts and the major porphyry deposits have identifiable magnetic intrusive complex signatures. The Wongarbon project is a real stand out untested example of this signature in the right location and with the right features.

I am very excited for Kincora to drill the first hole ever into basement geology at Wongarbon. This hole is set to finally test a target that I had first recognised back in 1996 before the Cadia-Ridgeway and Far East discoveries that year. 

Wongarbon is a prime candidate for major discovery, and this first hole will provide very valuable information to assist guide follow up activities.”

Sam Spring, President and CEO and Peter Leaman, VP of Exploration, added:

“Wongarbon is an elephant scale target located in elephant country, favorably located near to and potentially associated with the most significant new porphyry system discovery in NSW of recent decades (the Boda-Kaiser deposits).

While you can’t ever expect to make a discovery with your first hole, regardless this hole will greatly assist follow up exploration and optimise the innovative multi-phase partnership in place with Fleet Space.

Coupled with last month’s funding grant from the NSW Government, the risk reward scenario is highly compelling and unique on a global perspective. The expected cost of less than US$100,000 to Kincora shareholders compares exceptionally well to similar nature targets requiring budgets of greater than US$1-million in the America’s. 

This hole is in-line with Kincora’s capital efficient value add strategy for its sole funded projects and offering shareholders multiple shots on goal with seven different licenses being drilled within a 12-month horizon.”

BACKGROUND

The remaining untested intrusive complexes of the Macquarie Arc porphyry geology are a globally significant exploration opportunity as recently indicated by the significant discovery and resource growth by Alkane Resources’ at the Boda and Kaiser deposits (now 14.7Moz AuEq) and Evolution Mining at the Cowal mine (taking a resource of 3.4Moz Au at the time of acquisition to now 13.8Moz endowment producing over 330,000oz Au in FY2025).

Within the district various exploration groups have been having greenfield and early-stage exploration success at previously untested and open volcano-intrusive complexes of the Macquarie Arc. These groups include AngloGold Ashanti in partnership with Kincora (at the Nyngan, Nevertire South and Nevertire projects), AngloGold Ashanti in partnership with Inflection Resources (at the Duck Creek and Trangie project’s), FMG directly and with Magmatic Resources (latter at the Myall project), Gold Fields in partnership with Gold and Copper (privately held around Cadia, drilling commenced), S2 Resources with Legacy Minerals (at the Glenlogan project), Newmont with Koonenburry Gold (at the Fairholme and Junee projects), Gilmore South (LinQ Minerals) and most recently Waratah Minerals (with its new Consols discovery at the Spur project), amongst others.

In 2024, Kincora opportunistically pegged the Wongarbon project directly from the NSW State (100% ownership) and has brought in a technical and funding partner (Fleet Space). On October 20th 2025, Kincora announced the award of a grant for up to A$143,483 by the State Government supporting drilling.

The award follows a competitive expert panel review process, monies are non-dilutionary and funds drilling on a matched dollar-for-dollar basis. The grant is provided by the Critical Minerals and High-Tech Metals Exploration Program within NSW’s Critical Minerals Strategy 2024-35. These programs reiterate a favorable pro-investment and operating environment in NSW, with the Macquarie Arc being Australia’s foremost porphyry region and a Tier 1 global copper-gold jurisdiction.

The Wongarbon license is interpreted to host one of the very few remaining, completely untested, volcano-intrusive complexes of the Macquarie Arc. The license covers a large (173km2) portion of the interpreted Macquarie Arc geology situated under post mineral cover that has not previously been drill tested or sampled.

The Wongarbon project was a priority for drilling in 1996 by Newcrest Mining (led by John Holliday) before the discoveries at Cadia-Ridgeway and Far East (latter now known as Cadia East) within three holes of each other that year. Almost thirty years later, Wongarbon remains undrilled and John Holliday is leading Kincora’s exploration strategy at the project and seeking to finally advance the geological understanding of this new district scale opportunity and a compelling large porphyry system target.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2305/274905_kincora1_550.jpg

Figure 1: The Wongarbon project is interpreted to hosts one of the few remaining large and untested intrusive complexes of the Macquarie Arc and be located within a common transverse structure to the recent 14.7Moz gold equivalent Boda and Kaiser porphyry discoveries.

Virgin ground on strike and potentially associated with common transverse structures to the best greenfield discoveries in the Macquarie Arc in recent decades + new gen tech partnership with Fleet Space + NSW Government Grant.

To view an enhanced version of this graphic, please visit:
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Both Alkane and Magmatic Resources are undertaking exploration and drilling at up to seven targets along a common transverse structure that is interpreted to potentially extend into the Wongarbon license and be a key control to the 14.7Moz AuEq resource inventory at the Boda and Kaiser porphyry copper-gold discoveries.

It is well documented that the composite volcanic and intrusive complexes elsewhere in the Macquarie Arc have large alteration and geochemical halos that are identifiable from regional geophysical surveys (features interpreted to be present at the Wongarbon project), with the mineralised deposits generally situated on intrusive level cross-arc structures (such as those currently being tested by Alkane and Magmatic, hosting the Boda-Kaiser deposits, and, interpreted to extend into the Wongarbon project). The latter interpretation is also supported by recent proprietary surveys and interpretation at the Boda-Kaiser deposits by Fleet Space, who Kincora has partnered with to advance the Wongarbon project.

The commence drill hole utilises cost effective mud-rotary drilling cover sequence and diamond core drilling in the basement rocks with NQ triple tube diameter diamond core tail. This technique is time and cost effective for gaining initial samples of porphyry-prospective basement and is being used by Kincora in similar terrain in the Northern Junee-Narromine Belt at the Nyngan, Nevertire South and Nevertire projects under the earn-in and joint venture agreements with AngloGold Ashanti.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2305/274905_f3ec9fb3a420a87c_004.jpg

Figure 2: Kincora has commenced drilling the first hole to basement at the Wongarbon project (EL9652) testing southern section of the Wongarbon Magmatic Complex.

A ~650m rotary mud-diamond tail hole seeks to test a large buried magnetic anomaly interpreted as a copper-gold porphyry target.

To view an enhanced version of this graphic, please visit:
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For further details and technical disclosures on the Wongarbon project, please refer to the following press releases:

October 22nd, 2025, “Kincora awarded drilling grant for Wongarbon project”
October 15th, 2024, “Kincora announces Strategic Investment & Expanded Partnership with Fleet Space”
June 3rd, 2024, “New Major, Completely Unexplored Porphyry Complex and Drill Targets Secured”

Further details are available on the NSW Government’s Critical Minerals and High-Tech Metals Exploration Program and the Critical Minerals Strategy 2024-35 are available at: https://www.resources.nsw.gov.au/invest-nsw/industry-support.

For further details on Fleet Space Technologies, please go to its website at: https://www.fleetspace.com/.

For further information, please contact: 
Sam Spring, President and Chief Executive Officer Laurie Thomas, Strategic Advisor
sam.spring@kincoracopper.com or +61431 329 345laurie.thomas@kincoracopper.com or +1306 341 3826
  
Media Contact 
Julia Maguire, Managing Director, The Capital Network
julia@thecapitalnetwork.com.au or +61 2 7257 7338		 
  
Executive officeSubsidiary office Australia
400 – 837 West Hastings Street C/- JM Corporate Services
Vancouver, BC V6C 3N6, Canada Level 6, 350 Collins Street
Tel: 1.604.283.1722 Melbourne, VIC, Australia 3000

About Kincora: Kincora Copper Limited (ASX: KCC) (TSXV: KCC) is an emerging Australia-focused gold-copper explorer with a hybrid project generator strategy.

The Company is successfully proving up the prospectivity of its extensive project portfolio, which includes multiple district-scale landholdings and scalable drill ready targets. These assets are located in Australia’s Lachlan Fold Belt and Mongolia’s Southern Gobi, two of the globe’s leading porphyry belts, and the historical Condobolin mining field within the Cobar Basin in NSW.

The Company has already unlocked over $100 million of potential partner funding for multiple earlier stage and/or non-core porphyry projects. These initial deals have supported over 13,500 metres of drilling and over A$6.5m of partner funded exploration since late 2024, with management fees and exploration ramping up.

Partner discussions are ongoing for its remaining 100% owned flagship projects that are all situated within existing porphyry camps containing over 20-million-ounce gold equivalent resource inventory.

By having a significant portfolio of partner funded large porphyry projects, and a very focused program on a 100% owned Condobolin project, the Company is seeking to position Kincora as a leading institutional grade explorer in the public Australian and Canadian markets, and the leading project generator on the ASX.

To find out more, please refer to our 2-page July 2025 corporate strategy: https://kincoracopper.com/corporate-strategy/.

The Company’s website is: www.kincoracopper.com.

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

Qualified Person
The scientific and technical information in this announcement was prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and was reviewed, verified and compiled by Kincora’s staff under the supervision of Peter Leaman (M.Sc. Mineral Exploration, FAusIMM), Senior Vice-President of Exploration of Kincora, and John Holliday (BSc Hons, BEc, member of the Australian Institute of Geoscientists), Non-Executive Director and Chairman of Kincora’s Technical Committee, who are Qualified Persons for the purpose of NI 43-101

JORC Competent Person Statement
Information in this announcement that relates to Exploration Results, Mineral Resources or Ore Reserves are those that have been previously reported (with the original release referred to in this announcement), in the case of Mineral Resources or Ore Reserves the material assumptions and technical parameters underpinning the estimates have not materially changed, and have been reviewed and approved by John Holliday and Peter Leaman, who are Competent Persons under the definition established by JORC and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. John Holliday and Peter Leaman consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. The review and verification process for the information disclosed herein for the Nyngan Projects have included the receipt of all material exploration data, results and sampling procedures of previous operators and review of such information by Kincora’s geological staff using standard verification procedures.

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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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274905

Radisson Announces Exercise of Warrants

Radisson Mining Resources Inc. (TSXV: RDS) (OTCQX: RMRDF) (“Radisson” or the “Company“) is pleased to announce that it has received total gross proceeds of C$1,481,694.12 from the exercise of 5,487,756 class A shares purchase warrants (the “Warrants“) at a price of $0.27 per warrant. The Warrants were issued in relation to a private placement completed in November 2023 and had an expiry of November 17, 2025.

Furthermore, the Company has received additional total gross proceeds of C$42,126.72 from the early exercise of 113,856 class A shares purchase warrants (the “Warrants“) at a price of $0.37 per warrant. The warrants were issued in relation to a private placement completed in October 2024.

Matt Manson, President and CEO, commented: “The exercise of these warrants, held by long-standing and supportive shareholders, further strengthens Radisson’s financial position and supports the Company’s ongoing growth initiatives. At the end of October, our treasury stood at approximately C$36 million, fully funding our ongoing 140,000 metre step out drill program at the O’Brien Gold Project.”

As of today, 5,430,431 warrants remain outstanding at an exercise price of $0.37, with expiry dates ranging from October 22, 2026, to October 29, 2026. If fully exercised, these warrants represent potential gross proceeds of C$2,009,259.47. No warrants were issued in connection with the Company’s C$12 million private placement, completed in May 2025, nor in the most recent C$25 million private placement, completed in October 2025.

Radisson Mining Resources Inc.

Radisson is a gold exploration company focused on its 100% owned O’Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. A July 2025 Preliminary Economic Assessment described a low cost and high value project with an 11-year mine life and significant upside potential based on the use of existing regional infrastructure. Indicated Mineral Resources are estimated at 0.58 million ounces (2.20 million tonnes at 8.2 g/t Au), with additional Inferred Mineral Resources estimated at 0.93 million ounces (6.67 million tonnes at 4.4 g/t Au). Please see the NI 43-101 “O’Brien Gold Project Technical Report and Preliminary Economic Assessment, Québec, Canada” effective June 27, 2025, and other filings made with Canadian securities regulatory authorities available at www.sedarplus.ca for further details and assumptions relating to the O’Brien Gold Project.

For more information on Radisson, visit our website at www.radissonmining.com or contact:

Matt Manson
President and CEO
416.618.5885
mmanson@radissonmining.com

Kristina Pillon
Manager, Investor Relations
604.908.1695
kpillon@radissonmining.com

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to the ability to execute the Company’s plans relating to the O’Brien Gold Project as set out in the Preliminary Economic Assessment; the Company’s ability to complete its planned exploration and development programs; the absence of adverse conditions at the O’Brien Gold Project; the absence of unforeseen operational delays; the absence of material delays in obtaining necessary permits; the price of gold remaining at levels that render the O’Brien Gold Project profitable; the Company’s ability to continue raising necessary capital to finance its operations; the ability to realize on the mineral resource and mineral reserve estimates; assumptions regarding present and future business strategies; local and global geopolitical and economic conditions and the environment in which the Company operates and will operate in the future; planned and ongoing drilling; the significance of drill results; the ability to continue drilling; the impact of drilling on the definition of any resource; and the ability to incorporate new drilling in an updated technical report and resource modelling; the Company’s ability to grow the O’Brien Gold Project; and the ability to convert inferred mineral resources to indicated mineral resources.

Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others; the risk that the O’Brien Gold Project will never reach the production stage (including due to a lack of financing); the Company’s capital requirements and access to funding; changes in legislation, regulations and accounting standards to which the Company is subject, including environmental, health and safety standards, and the impact of such legislation, regulations and standards on the Company’s activities; price volatility and availability of commodities; instability in the global financial system; the effects of high inflation, such as higher commodity prices; the risk of any future litigation against the Company; changes in project parameters and/or economic assessments as plans continue to be refined; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks relating to the drill results at O’Brien; the significance of drill results; and the ability of drill results to accurately predict mineralization. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.

Please refer to the “Risks and Uncertainties Related to Exploration” and the “Risks Related to Financing and Development” sections of the Company’s Management’s Discussion and Analysis dated April 29, 2025 for the year ended December 31, 2024, and the Company’s Management’s Discussion and Analysis dated August 27, 2025 for the three-month period ended June 30, 2025, all of which are available electronically on SEDAR+ at www.sedarplus.ca. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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Focus Graphite Commissions WSP to Complete Air Dispersion Modelling and Dust Management Plan at Lac Knife

Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) (“Focus” or the “Company“), a leading Canadian graphite developer advancing high-grade projects, is pleased to announce that it has commissioned an updated Air Dispersion Modelling and Dust Management Study (the “Study“) for its 100%-wholly owned Lac Knife Project (the “Project“) in Quebec. This work represents one of the final environmental studies required to complete the Environmental and Social Impact Assessment (“ESIA“) and advance the Project toward mine-permitting readiness.

The Study will be led by WSP Canada Inc. (“WSP“), a world-leading Montreal-based global engineering, environmental, and professional-services consultancy, and will be conducted under the supervision and management of IOS Geosciences Inc. (“IOS“), the Company’s geological consultant and general contractor for the Project. WSP includes the former Woods Engineering, which participated in the 2019 preliminary design of the dry-stack tailings storage facility (“TSF“), as well as Golder Inc., which conducted the original 2014 Study.

The Study will evaluate the potential airborne dispersion of dust and gases associated with mining operations, including:

  • wind-driven erosion from the TSF,
  • emissions generated by blasting activities, and
  • traffic-related dust along the 7-kilometre access road linking Lac Knife to Highway 389.

This updated modelling replaces the earlier 2014 study to reflect the re-engineered dry-stack tailings design, developed as part of the 2021 Feasibility Study (the “Feasibility“) update. The redesign eliminates the former wet-pond configuration and instead utilizes dolomitic marble to amend and encapsulate tailings, thereby preventing acid mind drainage (“AMD“) and metal leaching. This new TSF concept was considered material enough to necessitate remodelling of the areal dispersion.

The current program directly addresses follow-up questions from Quebec’s Ministry of Sustainable Development, Environment, and the Fight Against Climate Change (“MDDELCC“), issued during its review of the Company’s 2014 ESIA submission. Results from the Study are expected by February 2026, aligning with the planned submission of the final revised ESIA.

“The completion of the air dispersion modelling and dust management plan marks one of the last major technical steps in our environmental review process,” said Dean Hanisch, Chief Executive Officer of Focus Graphite. “We are now systematically finalizing outstanding ESIA components to move Lac Knife toward the permitting stage. Each of these studies reflects our ongoing commitment to advance the Project responsibly.”

Qualified Person

The technical content disclosed in this news release was reviewed and approved by Rejean Girard, P.Geo. (QC), President of IOS Geosciences Inc., a consultant to the Company, and a qualified person as defined under National Instrument NI-43-101.

About WSP Canada Inc.

WSP Canada Inc. is a Canadian subsidiary of WSP Global Inc., one of the world’s leading professional-services firms. Headquartered in Montreal, Quebec, WSP provides multidisciplinary engineering, environmental, and consulting services across the infrastructure, energy, mining, transportation, and built-environment sectors. With thousands of professionals across Canada and internationally, WSP delivers technical excellence and sustainable solutions supporting clients through every stage of project development.

For more information on WSP Canada Inc. please visit https://www.wsp.com/en-ca/

About Focus Graphite Advanced Materials Inc.

Focus Graphite Advanced Materials is redefining the future of critical minerals with two 100% owned world-class graphite projects and cutting-edge battery technology. Focus Graphite’s flagship Lac Knife project stands as one of the most advanced high-purity graphite deposits in North America, with a fully completed feasibility study. Lac Knife is set to become a key supplier for the battery, defense, and advanced materials industries.

Focus Graphite’s Lac Tetepisca project further strengthens our portfolio, with the potential to be one of the largest and highest-purity and grade graphite deposits in North America. At Focus, they go beyond mining – we are pioneering environmentally sustainable processing solutions and innovative battery technologies, including our patent-pending silicon-enhanced spheroidized graphite, designed to enhance battery performance and efficiency.

Focus Graphite’s commitment to innovation ensures a chemical-free, eco-friendly supply chain from mine to market. Collaboration is at the core of our vision. We actively partner with industry leaders, research institutions, and government agencies to accelerate the commercialization of next-generation graphite materials. As a North American company, we are dedicated to securing a resilient, locally sourced supply of critical minerals – reducing dependence on foreign-controlled markets and driving the transition to a sustainable future.

For more information on Focus Graphite Inc. please visit http://www.focusgraphite.com

LinkedIn: https://www.linkedin.com/company/focus-graphite/
X: https://x.com/focusgraphite

Investors Contact:

Dean Hanisch
CEO, Focus Graphite Inc.
dhanisch@focusgraphite.com
+1 (613) 612-6060

Jason Latkowcer
VP Corporate Development
jlatkowcer@focusgraphite.com

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could,” “intend,” “expect,” “believe,” “will,” “projected,” “estimated,” and similar expressions, as well as statements relating to matters that are not historical facts, are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events.

In particular, this press release contains forward-looking information regarding, among other things, the anticipated timing, scope, and results of the Air Dispersion Modelling and Dust Management Study (the “Study”) at the Lac Knife Project; the completion of the Company’s Environmental and Social Impact Assessment (“ESIA”) and related technical studies, including hydrogeological and tailings dam analyses; the expected timing of regulatory submissions and approvals; the potential for the Project to achieve mine-permitting readiness; and the advancement of the Lac Knife Project toward development. Forward-looking information also includes statements regarding the Company’s expectations concerning the effectiveness of the redesigned dry-stack tailings storage facility, the ability to meet Québec’s environmental and regulatory standards, the anticipated role of the Lac Knife and Lac Tetepisca projects within Canada’s Critical Minerals Strategy, and the Company’s capacity to secure the financing and partnerships required to advance these projects responsibly and sustainably.

Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, risks related to market conditions, regulatory approvals, changes in economic conditions, the ability to raise sufficient funds on acceptable terms or at all, operational risks associated with mineral exploration and development, and other risks detailed from time to time in the Company’s public disclosure documents available under its profile on SEDAR+.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties, and assumptions contained herein, investors should not place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.

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GEM: Building a Closed-Loop New Energy Circular Economy and Embarking on a New Chapter of Global Growth with its Listing in Hong Kong

Driven by the Dual Carbon strategy, the new energy industry is experiencing rapid growth, with demand for critical new energy metal such as lithium, nickel, and cobalt continuing to surge. However, the exploitation of upstream mineral resource is constrained by environmental concerns, rising costs, and international geopolitical risks, leading to emerging resource bottlenecks. At the same time, as the warranty periods for power batteries gradually expire, a wave of retired batteries is accelerating. Waste-battery recycling, critical metal regeneration, and battery material remanufacturing are becoming emerging growth drivers across the industry chain.

Having cultivated expertise in this field for many years, GEM Co., Ltd. (“GEM”, 002340.SZ) has been consistently expanding its presence in the circular economy. The Company has established an integrated circular economy operation model that covers three key businesses: critical metal resources, lithium-ion battery and end-of-life vehicle recycling, and new energy materials. In several niche material markets, GEM ranks among the global leaders. Recently, the Company submitted a listing application to the Hong Kong Stock Exchange, aiming to achieve dual listing on both A and H shares.

Three Key Businesses Form a Closed-loop Circular System, with Technology Enabling “Waste-to-Value”
GEM’s uniqueness lies in its full-chain closed-loop model built around the concept of a circular economy: “resource recovery — material remanufacturing — product application”. By organically integrating three key business modules of critical metal resources recycling, power batteries and end-of-life vehicles recycling, and new energy materials, the Company not only achieves efficient resource utilization but also significantly enhances the added value of products.

In terms of resource recovery, GEM leverages a global recycling network to carry out large-scale collection and dismantling of various resources, including waste-battery, end-of-life vehicles, and electronic waste. To date, the Company has formed partnerships with over 1,000 automotive companies and battery manufacturers worldwide, establishing a stable raw material recycling network and product sales channels. This not only ensures a steady supply of “Urban Mining” resources such as retired batteries and end-of-life vehicles, but also opens up vast market opportunities for new energy materials, positioning the Company as a central hub in the industry chain with risk-resilience significantly stronger than its peers.

In terms of material regeneration, GEM utilizes advanced processes to transform recycled resources into high-purity, high value-added intermediate products and new energy materials. As one of the early adopters of hydrometallurgical technology in the industry, the Company utilized this advanced technology to smelt limonite nickel ore, which could hardly be smelted through traditional pyrometallurgy. The process also enables the efficient smelting of other metal resources associated with laterite nickel ore, enhancing overall economic value while achieving recovery rates of up to 99% for nickel, cobalt, and tungsten. In terms of lithium-ion battery and end-of-life vehicle recycling, GEM has established a dual-track processing model of “cascade utilization + material regeneration”, achieving a recovery rate of 96.5% for lithium metal, significantly exceeding the industry average of 90%. More importantly, through technological innovation, GEM further processes recycled resources into high value-added critical new energy materials such as ternary precursors, cathode materials, and cobalt tetroxide, supplying to global battery manufacturers and vehicle OEMs. This truly achieves a complete closed loop process from recycling to application.

GEM’s three core businesses are mutually supportive and closely interconnected. The recycling of critical metals and power batteries jointly provides a stable metal supply for the production of new energy materials. Meanwhile, the materials business extends downstream, supplying to battery manufacturers and achieving value-added transformation. This turns green recycling into a profitable and sustainable industrial chain, creating a competitive barrier that is difficult for industry peers to replicate.

Leading in Multiple Segments and Seizing the Future Opportunities with a Global Expansion
Leveraging its technological barriers and industrial synergy advantages, GEM has established a globally leading position across multiple segments, emerging as a frontrunner in the new energy materials and resource recycling sector. According to Frost & Sullivan, GEM ranked first in China in the recycling of nickel, cobalt, tungsten resources in terms of recycling volume in 2024, as well as retired lithium-ion battery recycling volume from third parties. In the field of new energy materials, GEM was the second largest supplier of ternary precursors globally in terms of shipment volume in 2024, capturing a market share of 19.7%. At the same time, with a market share of 37.4%, it became the world’s largest supplier of high-nickel ternary precursors, with the shipment volume of its 8-series and 9-series high-nickel ternary precursor materials ranking first globally. In the cobalt tetroxide sector, the Company ranked second worldwide with a market share of 20.2%.

Looking ahead, GEM is embracing multiple market opportunities. The expansion of new energy applications is driving sustained growth in demand for critical new energy metals. According to Frost & Sullivan, from 2024 to 2030, nickel demand in China is expected to rise from 335.5 thousand tons in 2024 to 1,233.7 thousand tons in 2030, with the proportion of recycled nickel increasing from 17.2% to 31.1%; Demand for cobalt and tungsten in China will also grow in tandem, while the proportion of recycled cobalt and recycled tungsten will further increase. In addition, under the wave of retired power batteries, it is expected that by 2030, around 15% of the nickel, cobalt, and lithium required for new power batteries will come from recycling.

In the field of new energy materials, driven by emerging sectors such as EVs, 3C electronics, low-altitude aircrafts, and humanoid robots, market demand is expected to grow rapidly. In terms of shipment volume, from 2024 to 2030, the CAGR of lithium-ion battery cathode materials is expected to reach 24.2% while that of ternary precursors is projected at 21.6%. Among them, the penetration rate of high-nickel ternary precursors is expected to rise from 35.2% to 70.0%, and the shipment volume of cobalt tetroxide is expected to record a CAGR of 12.7%.

Confronting opportunities, GEM has formulated a clear development strategy. On the technology front, it plans to establish overseas R&D centers, increase R&D investment, and deepen the deployment of cutting-edge technologies in the field of new energy materials. On the capacity front, it will expand and upgrade existing production capacity, advance the expansion of its Indonesian base, and strengthen the “nickel resources — precursors — cathode materials” integrated nickel industrial chain. On the globalization front, it intends to set up marketing centers in Japan, South Korea, and Indonesia, enhance customer collaboration, and further expand its global business footprint.

GEM’s proposed listing in Hong Kong will provide GEM with broader access to capital and international markets, injecting stronger momentum into its dual growth engines of circular economy and new energy materials. Backed by robust technological barriers, a mature closed-loop model, and an expanding global footprint, the Company is well-positioned to maintain its leading edge in the circular economy sector and unlock greater growth flexibility.