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Fertilizer prices continued to rise in Q2, driven by supply shortages as well as fallout from US tariffs.

According to data from the World Bank, the average quarterly phosphate price rose to US$673.20 per metric ton (MT) during the April to June period, up from US$600.50 in Q1 and US$536.70 recorded in the second quarter of 2024.

On a monthly basis, the price averaged US$715.40 in June, up from US$582.70 in January.

Potash prices have also gained since the start of the year, with the quarterly average rising to US$359.20 per MT from US$319.20 in Q1. The monthly price posted consistent increases, rising to US$363.13 in June from US$302 in January.

What factors impacted phosphate in Q2?

Phosphate prices have risen over the last several years as China, the world’s largest supplier, continues to impose export restrictions on the amount of fertilizers allowed to leave the country.

Between 2021 and 2024, China’s phosphate exports experienced significant declines, falling from 9 million MT to 6.6 million MT. Then, in December 2024, China halted new export applications for phosphate due to the rising cost of sulfur, which is necessary for separating phosphates from rock.

In an April 22 article, Josh Linville, vice president of fertilizer at StoneX, noted that during the first three months of 2022, China exported 950,000 MT of phosphate, but only 13,000 MT during the same period in 2025.

At the time, Linville suggested that even if there were to be a shift in Chinese policy during the second quarter, it might not lead to an increase in exports due to a lack of inventory in the country.

“It appears that while they have increased their urea export quota, the same is not expected for phosphate. We continue to believe that domestic demand has been raised due to a combination of agriculture and industrial demand spikes.’

India is among the main drivers of agricultural demand, and the country has been working to rebuild its stockpiles of fertilizer since they reached a low of 1.1 million MT in late 2024. With Chinese supply missing from the equation, importers have had to pay premiums to other major producers in Morocco and Saudi Arabia.

The result has led to a 44 percent increase in Indian imports, which are expected to reach 1.09 million MT for July and 2.16 million MT for the April to July period, while also pushing prices for phosphate upward.

Adding to market stressors since the start of the year are tariffs on products entering the US. As Linville pointed out, phosphate production is limited mainly to five countries: China, Morocco, Russia, the US and Saudi Arabia.

The US is not able to meet domestic demand and has been reliant on Saudi Arabia, which was free of tariffs until it came under the umbrella of Trump’s 10 percent baseline tariffs when he announced them on April 1.

However, given the tightness in the phosphate market, suppliers are unlikely to absorb any additional costs.

“Globally, supplies are very tight, and demand continues to be high, so global manufacturers can be picky about where they send their products. Given that they want to make more money, they are likely deciding to send the product to their highest netback location. Saudi Arabia has been heard telling US customers that they have no problem sending products to the US if they pay the tariff rate,” Linville explained. He added that the extra 10 percent on the current phosphate prices is a significant cost, and will ultimately flow down to US farmers.

What factors impacted potash in Q2?

Potash prices have steadily increased since the start of the year, but the market has been relatively quiet.

“Today, potash is seeing a little price support due to perceived tight supplies and large demand,’ said Linville.

Since the start of the year, potash prices have increased by 20 percent, rising to US$363 in June from US$302 in January. On a year-on-year basis, the June price is up 17 percent from the US$310 recorded in 2024. However, prices are far from the all-time high of US$1,200 set in April 2022 as supply lines were disrupted after Russia’s invasion of Ukraine.

With minimal potash production of its own, the US is reliant on imports. Traditionally, those have come from Canada, which is the world’s top supplier of fertilizer, but also to a lesser extent, Russia, which is number two.

While uncertainty remains about whether tariffs will have a direct effect on prices for potash, Linville suggested that there may be some cost increases stemming from this uncertainty.

“To date, Russia has not had a duty or tariff regarding potash, so the product has been allowed to flow freely. Our belief is that Canadian potash has never been subjected to an actual tariff rate given its standing on the North American trade agreements. However, with so much confusion regarding what is real and what is not out there, the fear that it might be included helped to push prices higher almost constantly since the start of 2025,’ he said.

‘Again, those prices make their way to the farm gate.’

New supply set to come online includes BHP’s (ASX:BHP,NYSE:BHP,LSE:BHP) Jansen mine in Saskatchewan. It was originally set to start production in 2026; however, in its Q2 operational review, released on July 18, BHP announced that the project costs had ballooned to the US$7 billion to US$7.4 billion range, up from US$5.7 billion.

The increase has impacted the project’s timeline. Up until the announcement, development was ahead of schedule and was expected to start in 2026, but it has since reverted to the original timeline that will see it begin in 2027.

Additionally, BHP said it was considering pushing the second stage of production back to 2031 while it undergoes a CAPEX review, citing the potential for additional potash supply coming to market in the medium term.

“The comment about the medium-term supply outlook was a rather small and inconspicuous part of the announcement, but I continue to believe it says loads more about the outlook,” Linville said about BHP’s decision to review stage two.

Potash and phosphate price forecast for 2025

The phosphate market is unlikely to change in the near term.

There isn’t much expectation that China will increase supply, and while there are some significant projects in the works, how many will enter the production is yet to be seen as demand continues to increase from the battery sector.

Linville sees a continuation of current trends, noting that the market isn’t in a place to recover quickly:

“A major discussion point has been surrounding demand destruction that is anticipated. The hope is that this will help values to fall. Unfortunately, I think the market continues to underestimate how bad of a shape phosphate is in.’

As for potash, Linville expects the market to maintain stability.

“My longer-term outlook is that potash values will see relatively little price volatility, and that lower prices should become common. However, the stage appears set for 2025. Summer fill programs have been successful. Demand continues to look good. Anything is possible, but it appears price structures for potash are stable to higher,” he said.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

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8 Mins Read

Prismo Metals Announces Closing of Oversubscribed Private Placement

(TheNewswire)

Vancouver, British Columbia, August 8th, 2025 TheNewswire Prismo Metals Inc. (‘ Prismo ‘ or the ‘ Company ‘) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that further to its news releases dated July 3, 2025, July 18, 2025 and July 31, 2025, the Company has proceeded with an upsized closing of its previously announced non-brokered private placement (the ‘Private Placement’ ) of units of the Company (‘ Units ‘) at an issue price of $0.06 per Unit (the ‘ Third Closing ‘). The closing was increased from 6,000,000 Units to the issuance of 6,425,000 Units for gross proceeds of $385,500.

Each Unit consists of one common share of the Company (a ‘ Share ‘) and one-half of one common share purchase warrant of the Company (each whole warrant, a ‘ Warrant ‘). Each Warrant entitles the holder to purchase one Share for a period of twenty-four (24) months from the date of issue at an exercise price of $0.10.

‘In the past few weeks, we have raised a total of $1,077,500 in gross proceeds reflecting investors’ interest in our recently optioned silver projects in Arizona, the historical high-grade Silver King and Ripsey mines,’ said Alain Lambert, CEO. ‘Exploration at Silver King is currently underway and our Chief Exploration Officer, Dr. Craig Gibson, has put in place a comprehensive first year exploration plan which includes a phase one drill program of a minimum of 1,000 meters.’

Dr. Craig Gibson, Prismo’s Chief Exploration Officer said: ‘The team has arrived on site, and we have begun a detailed mapping and sampling program at both projects at surface exposures and in accessible underground workings. A drill program is planned for Silver King, with about 1,000 metres initially. The Silver King drill program is designed to test the mineralized body at four elevations, as well as lateral to the pipelike body. Dewatering of the Silver King shaft to gain access to the upper levels may also be undertaken as submersible pumps are in place.’

The Company previously announced a first closing of the Private Placement on July 18, 2025 for aggregate gross proceeds of $575,000 and a second closing of the Private Placement on July 31, 2025 for aggregate gross proceeds of $ 117,000 . Due to strong investor demand, the Company has now raised aggregate gross proceeds of $1,077,500. The Company intends to use the aggregate proceeds from the Private Placement for exploration at the Company’s Silver King project as well as for working capital and general corporate purposes. There may be circumstances, however, where for sound business reasons, a reallocation of funds may be necessary.

Prismo also announces that further to its news release dated July 31, 2025, it has settled the debt settlement agreement (the ‘ Agreement ‘) with a creditor of the Company (the ‘ Creditor ‘) pursuant to which the Company issued to the Creditor, and the Creditor accepted, an aggregate of 1,375,000 common shares of the Company (each, a ‘ Settlement Share ‘) at a price of $0.06 per Settlement Share in full and final settlement of accrued and previously outstanding indebtedness owing to the Creditor in the aggregate amount of US $60,000 (CA $82,500) (the ‘ Debt Settlement ‘). The Creditor is one of the original optionors of the Palos Verdes silver project in Mexico, and the Debt Settlement was the final payment owed to the Creditor.

‘The Palos Verdes project remains an important asset for Prismo Metals,’ said Alain Lambert, CEO. ‘We continue to monitor Vizsla Silver’s exploration activities in the Panuco district and how it might impact our exploration plan at Palos Verdes. Mr. Lambert noted: ‘In their July 29 th , 2025 news release , Vizsla Silver stated: Notable targets to be tested in the central, and east area of the district with potential to host similar mineral resources to that outlined in Project #1 in the west include: Jesusita-Palos Verdes is a northeast trending vein target in the east area of the district. Positive drill results and alteration-based interpretations done by Prismo Metals, combined with significant silver anomalies on surface and extensive vein outcrops warrant additional drilling at depth. ‘

The Palos Verdes project is located in the historic Panuco-Copala silver-gold district in southern Sinaloa, Mexico, approximately 65 kilometers NE of Mazatlán, Sinaloa, in the Municipality of Concordia. The Palos Verdes concession (claim) covers 700 meters of strike length of the Palos Verdes vein, a member of the north-easterly trending vein family located in the eastern part of the district outside of the area of modern exploration. The project is surrounded on three sides by Vizsla Silver Corp. (TSE: VZLA).

Shallow drilling (

In connection with the Third Closing, the Company issued an aggregate of 288,900 finder’s warrants (the ‘Finder’s Warrants’ ) and paid finder’s commissions of $17,334.00 to a qualified finder. Each Finder’s Warrant is exercisable for a period of 24 months from the date of issuance to purchase one Share at a price of $0.10.

All securities issued or issuable in connection with the Private Placement and the Debt Settlement are subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

Multilateral Instrument 61-101

The Company has issued an aggregate of 10,000 Units pursuant to the Third Closing to a ‘related party’ of the Company (the ‘ Interested Party ‘), constituting, to that extent, a ‘related party transaction’ as defined under Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (‘ MI 61-101 ‘). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the participation of the Interested Party in the Third Closing in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the Third Closing nor the securities issued in connection therewith, in so far as the Third Closing involves the Interested Party, exceeds 25% of the Company’s market capitalization. The Company did not file a material change report more than 21 days before the expected closing of the Third Closing as the details of the Third Closing and the participation therein by the Interested Party therein were not settled until recently and the Company wishes to close on an expedited basis for sound business reasons.

About Prismo Metals Inc.

Prismo (CSE: PRIZ,OTC:PMOMF) is mining exploration company focused on three silver projects (Palos Verdes, Silver King and Ripsey) and a copper project in Arizona (Hot Breccia).

Please follow @PrismoMetals on , , , Instagram , and

Prismo Metals Inc.

1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6

Phone: (416) 361-0737

Contact:

Alain Lambert, Chief Executive Officer alambert@cpvcgroup.ca

Gordon Aldcorn, President gordon.aldcorn@prismometals.com

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This 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’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘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 discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the intended use of any proceeds raised under the Private Placement.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: the potential inability of the Company to utilize the anticipated proceeds of the Private Placement as anticipated; and other risk factors as detailed from time to time and additional risks identified in the Company’s filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca ).

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

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

News Provided by TheNewsWire via QuoteMedia

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6 Mins Read

OPINION — Goldenomics 102: The Shadow Price of Gold

By Darren Brady Nelson

One of the underrated, and easily dismissed, stories from the first 100 days of the second Donald J. Trump presidency was in March 2025, when the president said: “We’re actually going to Fort Knox to see if the gold is there, because maybe somebody stole the gold. Tonnes of gold.”

Two developments have happened since. First was his May 2025 executive order “Restoring Gold Standard Science.” Second was his signing the July 2025 GENIUS Act. The former could be a word teaser for “Restoring The Gold Standard.” The latter seems to be a step in that direction.

Source: The White House.

Fort Knox gold

The US Department of the Treasury’s Weekly Release of US Foreign Exchange Reserves shows the levels of various official assets, including gold. It reported gold of 261.499 million fine troy ounces. An estimated 56 percent of that is in Fort Knox, with the remainder in West Point, Denver and New York.

The Federal Reserve Act 1913 still gives the power to the US Federal Reserve: “To deal in gold coin and bullion at home or abroad, to make loans thereon, exchange Federal reserve notes for gold, gold coin, or gold certificates, and to contract for loans of gold coin or bullion (and much more).”

The question of how much gold is in Fort Knox and elsewhere is not only important for the purposes of DOGE, but even more so in the case of a potential return to a gold standard. And such an incredible return is not mere speculation, but is due to some credible public comments.

Source: Visual Capitalist.

Trump gold standard

Private citizen Trump commented, as a presidential candidate, about a possible return to a gold standard in June 2016, when he said: “Bringing back the gold standard would be very hard to do, but, boy, would it be wonderful. We’d have a standard on which to base our money.”

More recently, Steve Bannon stated in December 2023: “Nixon took us off the gold standard … over a weekend … in an emergency executive order. That is going to be reviewed strongly in the second Trump term … getting rid of the Fed, yeah, maybe you start with converting back into gold.”

Economist Judy Shelton has an October 2024 book as a guide: “When the US dollar is backed by gold, America prospers, and so does the rest of the world. But this is no curmudgeonly demand to return to the gold standard of yore; (but) gold for a new international monetary order.”

Some sort of gold standard might dovetail with a new global trading system, as outlined in the “Mar-a-Largo Accord” of November 2024, as well as with the GENIUS Act of July 2025, which: “establishes a regulatory framework for payment stablecoins (must redeem for a fixed value).”

Shadow gold price I

Shadow pricing is a method long used in cost benefit analysis that adjusts prices from, or creates prices for, failed or non-existent markets. The shadow price of gold (SPoG) in August 2018 was defined as: “The linkage between the US monetary base and the implied price of gold.”

The In Gold We Trust (IGWT) annual report from May 2025 uses a similar definition: “The theoretical gold price in the event of full gold backing of the base money supply.” The report adds: “The reciprocal value of the (SPoG) gives the degree of coverage of the monetary base.”

The reciprocal SPoG, based on current market prices, is the “Gold Coverage Ratio” (GCR). The report explains further that: “Currently, the (GCR) in the US is only 14.5%. To put it crudely: Only 14.5 cents of every US dollar currently consists of gold, the remaining 85.5% is air.”

Gold backing of monetary base, in percent, 01/1920 to 03/2025.

Source: Incrementum.

Shadow gold price II

According to IGWT: “In the gold bull market of the 2000s, (GCR) tripled from 10.8% to 29.7%. A comparable (GCR) today would only arise if the gold price were to almost double to over $6,000. The record value of 131% from 1980 would correspond to a gold price of around $30,000.”

IGWT goes beyond just $USD: “The international shadow gold price (ISPoG) shows how high the gold price would have to rise if the money supply (M0 or M2) of the leading currency areas were covered by the central banks’ gold reserves in proportion to their share of global GDP.”

“This view impressively reveals the extent of the monetary expansion: With an — admittedly purely theoretical — 100% coverage of the broad money supply M2, the gold price (per ounce) would be over $231,000; even with a moderate 25% coverage, it would be around $58,000.”

International shadow gold price at different gold coverage levels (log), in USD, 12/2024.

Source: Incrementum.

Shadow gold price III

In May 2024, James Rickards predicted: “My latest forecast is that gold may actually exceed $27,000. I don’t say that to get attention or to shock people. It’s not a guess; it’s the result of rigorous analysis.”

This was based on a similar approach to SPoG and GCR that he called “the implied non-deflationary price of gold under a new gold standard (iPoG).” Rickards calculated a gold price, based on iPoG, of $27,533 per ounce.”

He divided US$7.2 trillion of M1 money supply by 261.5 million of gold troy ounces (or 8,133 metric tonnes) in official US reserves estimated by the World Gold Council. The M1 figure is 40 percent of US$17.9 trillion as: “this percentage was the legal requirement for the US Federal Reserve from 1913 to 1946.”

In summary, the sort of gold prices that might be reached under a return to a gold standard, using the shadow price of gold approach, range from lows of US$6,000 to highs of US$231,000, with US$27,533, US$30,000 and US$58,000 in between.

Whatever the gold price ends up at, it would be a once-in-a-lifetime windfall for those holding gold at that time. After that, gold would cease to be an investment, as it has been since 1971 and 1974. Because gold would be actual money once again, and it would be sound money at that.

About Darren Brady Nelson

Darren Brady Nelson is chief economist with Fisher Liberty Gold and policy advisor to The Heartland Institute. He previously was economic advisor to Australian Senator Malcolm Roberts. He authored the Ten Principles of Regulation and Reform, and the CPI-X approach to budget cuts.

Click here to read Goldenomics 101: Follow the Money.

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9 Mins Read

Top 5 Canadian Mining Stocks This Week: Kirkland Lake Discovery Gains 88 Percent

Statistics Canada released July’s labor force survey on Friday (August 8). The data shows that the Canadian economy shed 41,000 workers during the month and registered a 0.2 percent decline in the employment rate to 60.7 percent.

However, the unemployment rate was unchanged at 6.9 percent.

The most significant segment for the decline was among youth aged 15 to 24, with a drop of 34,000. That pushed the youth unemployment rate up to 14.6 percent, its highest rate since September 2010 apart from the pandemic.

In terms of industry, construction saw the steepest decline as it lost 22,000 workers during the month.

South of the border, the US imposed a 39 percent tariff on imports of 1 kilogram and 100 ounce gold bars from Switzerland.

In a ruling posted to US Customs and Border Protection’s (CBP) Customs Rulings Online Search System on Friday, the CBP states that reciprocal tariffs will be applied to these bars. Switzerland is the world’s biggest refining and transit hub, and imports of the 1 kilogram and 100 ounce bars are typically used to back transactions on the COMEX.

The ruling caused some uncertainty among gold traders, who paused imports of the precious metal to the US and pushed the price for December contracts on the COMEX to a high of US$3,534 per ounce in morning trading.

While the price has since retreated, it’s still up more than 1 percent on the day at US$3,491.

The gold spot price is also up significantly this week, gaining 3.26 percent by 4:00 p.m. EDT on Friday to US$3,398.42. Silver was up even more; it rose 4.58 percent to US$38.38 and is closing in on its recent highs.

Markets and commodities react

In Canada, equity markets were in positive territory this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) posted steady gains through the week, moving up 2.16 percent to close at 27,758.68 on Friday. The S&P/TSX Venture Composite Index (INDEXTSI:JX) registered a 2.71 percent rise to 787.22. Meanwhile, the CSE Composite Index (CSE:CSECOMP) soared, gaining 8.99 percent to 142.78.

US equity markets were broadly down on Friday on new US tariffs and poor jobs data. The S&P 500 (INDEXSP:INX) rose 1.62 percent to 6,389.44, the Nasdaq 100 (INDEXNASDAQ:NDX) jumped 2.86 percent to 23,603.05 and the Dow Jones Industrial Average (INDEXDJX:.DJI) gained 0.90 percent to 44,175.60.

In base metals, copper prices fell as low as US$4.41 per pound on Tuesday (August 5), but recovered to finish the week with a 0.67 percent gain to US$4.52.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Kirkland Lake Discoveries (TSXV:KLDC)

Weekly gain: 88.24 percent
Market cap: C$15.2 million
Share price: C$0.16

Kirkland Lake Discoveries is a gold-copper explorer focused on projects in its district-scale land package located in the Kirkland Lake area of Ontario, Canada. Its holdings span approximately 38,000 hectares in the Abitibi greenstone belt, an area that holds past-producing gold and copper mines. Its land is broadly divided into KL West and KL East, which contain the Goodfish-Kirana and Lucky Strike gold projects, respectively, among others.

On April 29, the company entered a mining option agreement with Val-d’Or Mining (TSXV:VZZ) to acquire the Winnie Lake and Amikougami properties, as well as mining claim purchase agreements with two vendors to acquire further claims around the Winnie Lake Pluton. The properties expand KL West’s southern portion.

On Wednesday (August 6), the company initiated an inaugural diamond drill program at KL West and Winnie Lake. The program is designed to follow up on historic drill results as well as recent surface exploration.

About 2,000 meters of drilling are planned, and the company expects it to be completed by the end of August. Kirkland stated that assays will be released as they are received and interpreted.

2. Avanti Helium (TSXV:AVN)

Weekly gain: 78.95 percent
Market cap: C$15.2 million
Share price: C$0.17

Avanti Helium is an explorer and developer focused on advancing helium assets in Canada and the US toward production. Its Greater Knappen projects are composed of several areas in Southern Alberta, Canada, and Northern Montana, US. The combined land packages cover approximately 74,000 acres with multiple targets.

According to its project page, Avanti has drilled three exploration wells in Montana, with two testing for a combined 18.5 million cubic feet per day gas rate with 1.1 percent helium concentration.

The company’s Leader project consists of a combined land package of 91,000 acres in Southern Saskatchewan. The surrounding region has seen 84 wells drilled by other companies since 2016, and as of September 2023, it hosted approximately 25 wells producing 450,000 cubic feet of helium per day.

Avanti gained this week after it announced on Thursday (August 7) that it has signed a multi-year offtake agreement with a global industrial gas supplier. The buyer has committed to a minimum monthly volume from Avanti’s Sweetgrass helium recovery unit in Montana, for 33 percent of the initial plant output and 25 percent following a planned expansion.

3. Discovery Energy Metals (CSE:DEMC)

Weekly gain: 68.57 percent
Market cap: C$17.08 million
Share price: C$0.295

Discovery Energy Metals is a lithium explorer working to advance interests in Québec and BC, Canada. Most of the company’s land holdings are in Québec, where it has interests in over 225,000 hectares.

On March 20, the company released assays from a fall 2024 exploration program focused on its Eeyou Istchee James Bay properties. It reported values including 82 parts per million tantalum pentoxide and 101 parts per million cesium oxide at Cirrus East, and 0.66 g/t gold and 0.56 percent zinc at its Mantle property.

Discovery announced on June 25 that it had completed the acquisition of eight mineral claims over 5,283 hectares at the Crystal Lake property in BC. The company acquired the property in a deal with Zimtu Capital (TSXV:ZC).

Early stage exploration work at the property was carried out between 2009 and 2010, and included a magnetic survey and grab samples, which returned up to 0.7 percent copper with elevated gold and silver.

The most recent news from Discovery came on July 15, when it announced a non-brokered private placement for up to 10 million units for gross proceeds of up to C$1 million.

4. Abcourt Mines (TSXV:ABI)

Weekly gain: 66.67 percent
Market cap: C$45.53 million
Share price: C$0.075

Abcourt Mines is a gold exploration and development company focused on operations at its Sleeping Giant mine in the Abitibi region of Québec. The property consists of four mining leases covering an area of 458 hectares and 69 claims. The site hosts an underground mine along with a mill capable of processing 750 metric tons per day.

A July 2023 preliminary economic assessment demonstrates an after-tax net present value of US$77.5 million with an internal rate of return of 33.3 percent over a payback period of 2.2 years.

The company has been working on restarting mining operations at the site throughout 2025.

On Thursday, it provided an update on progress from Sleeping Giant, stating that teams had begun the rehabilitation of underground openings, as well as preparations at the mill for the first stope at the end of July. It also said it had built a surface stockpile of approximately 1,000 metric tons of ore and started work on a tailings facility. Once complete, pulp storage will be good until 2032 at the proposed mining rate of 100,000 to 125,000 metric tons per year.

5. Scorpio Gold (TSXV:SGN)

Weekly gain: 64.71 percent
Market cap: C$60.93 million
Share price: C$0.28

Scorpio Gold is an exploration and development company focused on the advancement of its Manhattan District in the Walker Lane Trend in Nevada, US. The district is composed of the 6,071 acre Manhattan project, which hosts two past-producing open-pit mines, Reliance and Manhattan, as well as the fully permitted Goldwedge underground mine.

Scorpio acquired the project from Kinross Gold (TSX:K,NYSE:KGC) in 2021.

The most recent update from the project came on June 19, when Scorpio announced it was commencing a Phase 1 diamond drill program. The focus is on targets at the Gap zone, the Zanzibar trend and Mustang Hill. Up to 3,400 meters have been planned, with results contributing to an initial mineral resource estimate, which is expected in Q3.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

2 Mins Read

Lawsuit accuses Apple of stealing trade secrets to create Apple Pay

Apple has been sued by a Texas company that accused the iPhone maker of stealing its technology to create its lucrative mobile wallet Apple Pay.

In a complaint made public on Thursday, Fintiv said Apple Pay’s key features were based on technology developed by CorFire, which Fintiv bought in 2014, and now used in hundreds of millions of iPhones, iPads, Apple Watches and MacBooks.

Apple did not immediately respond to requests for comment.

Fintiv, based in Austin, Texas, said Apple held multiple meetings in 2011 and 2012 and entered nondisclosure agreements with CorFire aimed at licensing its mobile wallet technology, to capitalize on fast-growing demand for contactless payments.

Instead, and with the help of CorFire employees it lured away, Apple used the technology and trade secrets to launch Apple Pay in the United States and dozens of other countries, beginning in 2014, the complaint said.

Fintiv also said Apple has led an informal racketeering enterprise by using Apple Pay to generate fees for credit card issuers such as Bank of America, Capital One, Citigroup, JPMorgan Chase and Wells Fargo, and the payment networks American Express, Mastercard and Visa.

“This is a case of corporate theft and racketeering of monumental proportions,” enabling Cupertino, California-based Apple to generate billions of dollars of revenue without paying Fintiv “a single penny,” the complaint said.

In a statement, Fintiv’s lawyer Marc Kasowitz called Apple’s conduct “one of the most egregious examples of corporate malfeasance” he has seen in 45 years of law practice.

The lawsuit in Atlanta federal court seeks compensatory and punitive damages for violations of federal and Georgia trade secrets and anti-racketeering laws, including RICO.

Apple is the only defendant. CorFire was based in Alpharetta, Georgia, an Atlanta suburb.

On August 4, a federal judge in Austin dismissed Fintiv’s related patent infringement lawsuit against Apple, four days after rejecting some of Fintiv’s claims, court records show.

Fintiv agreed to the dismissal, and plans to “appeal on the existing record,” the records show.

This post appeared first on NBC NEWS

3 Mins Read

Fever vs. Mercury live updates: Highlights

The WNBA regular season is heating up as the Indiana Fever prepares to take on the Phoenix Mercury at the PHX Arena on Thursday night.

The Fever, who were riding a five-game win streak, will look to rebound after losing to the Los Angeles Sparks 100-91 on Aug. 5. The Fever played without Caitlin Clark, who missed her eighth consecutive game due to a groin strain. Kelsey Mitchell led the Fever with 34 points, including seven 3-pointers, while Natasha Howard added 17 points.

The Mercury aim to extend their two-game win streak after defeating the Connecticut Sun 82-66 on Aug. 5. Alyssa Thomas had her second consecutive triple-double, recording 13 points, 12 rebounds and 12 assists. Additionally, Satou Sabally contributed an impressive 23 points along with six rebounds in the victory over the Sun.

Here is how to watch the Indiana Fever take on the Phoenix Mercury on Thursday night.

Halftime: Mercury 47, Fever 36

Satou Sabally and Alyssa Thomas have played a big role in the early lead for the Mercury in the first half. Both players have 10 points and six rebounds. DeWanna Bonner has nine points off the bench for Phoenix. Sophie Cunningham led the Fever with 12 points.

1Q: Mercury 26, Fever 16

Satou Sabally had eight points and two rebounds for the Mercury in the first quarter. She made all three of her shot attempts from the field and went 2-for-2 from the free-throw line.

Alyssa Thomas added six points, three rebounds, two assists and two steals for Phoenix in the opening period.

Kelsey Mitchell had a team-high eight points, a rebound and a steal for the Fever.

Sydney Colson suffers injury

Sydney Colson went down with a leg injury after trying to track down the basketball near the Fever’s bench on the sideline.

Colson’s teammates surrounded her while she was being evaluated on the court before she was helped back to the locker room by athletic trainer Todd Champlin and forward Bri Turner.

She was officially ruled out for the game with a left leg injury, according to an update shared by the Fever on their official X account.

The 11-year veteran celebrated her birthday on Wednesday.

Caitlin Clark is not available for Indiana Fever

Indiana Fever star Caitlin Clark did not play against the Phoenix Mercury on Thursday.

Clark has now missed nine consecutive games, including Thursday’s game, due to a right groin injury. She suffered the injury in the Fever’s win over the Connecticut Sun on July 15. There’s still no official timetable for her return, but she continues to support her teammates from the bench.

What time is Indiana Fever vs. Phoenix Mercury?

The Phoenix Mercury will host the Indiana Fever at 10 p.m. ET on Thursday, Aug. 7 at PHX Arena in Phoenix. The game will be streamed nationally on Prime Video.

How to watch Indiana Fever vs. Phoenix Mercury: TV, stream

Time: 10 p.m. ET (7 p.m. PT)
Location: PHX Arena (Phoenix, AZ)
Streaming: Prime Video

This post appeared first on USA TODAY

8 Mins Read

WNBA’s sex toy issue explained: Why are they being thrown at games?

Sex toys have been thrown onto the court during multiple WNBA games, leading to arrests and investigations.
While some incidents appear to be pranks, concerns about misogyny and targeted harassment of players are rising.
Players and coaches have expressed anger and frustration, calling the incidents disrespectful and immature.

Nobody knows when the next sex toy might come flying onto the court.

This is the lingering problem with the who-done-it the WNBA never wanted to have to solve but must for the sake of the the players. It’s a NSFW case with plenty of fallout for a league that is already dealing with CBA negotiations and possible shutdown alongside its growing popularity. What initially inspired mostly jokes and laughter has turned into claims of misogyny, conspiracy theories, multiple law enforcement investigations and, of course, sex toys being thrown onto or toward the court at as many as five WNBA games over the past 10 days.

There’s intrigue and confusion about the motives and what’s actually happening here. The unfortunate trend is generating a wide range of reaction from players and fans alike. Though there have already been two arrests made in the matter, it’s still unclear whether this is simply a viral prank popularized by social media or a more coordinated effort meant to target the WNBA and its players.

Here’s a breakdown of what to know about the WNBA’s escalating sex toy problem, including some potential answers to help sift through this mystery the league and its players want to end:

Why are sex toys being thrown on the court at WNBA games?

Cryptocurrency meme coin creators say they are responsible for the sex toys being thrown at multiple WNBA games, and they are planning more ‘pranks.’

A group of crypto enthusiasts and traders launched Green Dildo Coin (DILDO), a meme coin intended to be lighthearted and perceived as a joke, in late July to protest what they describe as a ‘toxic’ environment in the crypto world. According to the group’s spokesman, who spoke exclusively to USA TODAY Sports, many smaller players in the space are struggling to keep up with the influx of influencers and scammers.

‘We didn’t do this because like we dislike women’s sports or, like, some of the narratives that are trending right now are ridiculous,’ he said. ‘Creating disruption at games is like, it happens in every single sport, right? We’ve seen it in the NFL, we’ve seen it in hockey, you know . . . fans doing random things to more or less create attention.’

There have been two arrests made related to these incidents, but the crypto spokesman said those people were not associated with the group. Delbert Carver, 23, was arrested after throwing an object at a July 29 WNBA game in Atlanta and charged with disorderly conduct, public indecency/indecent exposure and criminal trespass. Carver told police, ‘This was supposed to be a joke, and this joke (was) supposed to go viral,’ according to the arrest affidavit.

Kaden Lopez, the 18-year-old arrested this week after throwing a sex toy that hit a man watching the game with his 9-year-old niece in the crowd at a Phoenix Mercury game on Aug. 5, had a similar explanation. He called it a ‘stupid prank that was trending on social media.’ He bought the sex toy the day before to take it to the game, according to court documents.

How many WNBA games have had sex toy incidents this season?

As of Aug. 7, there have been reports of a sex toy thrown in as many as six games since the initial incident occurred on July 29 during the fourth quarter of the Atlanta Dream’s 77-75 home loss to the Golden State Valkyries. A fan threw a green sex toy onto the court and caused a stoppage in play. An official kicked the sex toy off the court before it was removed by a police officer.

The second incident occurred at the Valkyries’ game against the Chicago Sky on Aug. 1 at Wintrust Arena in Chicago. A similar sex toy was thrown near the baseline during the third quarter and forced officials to briefly stop play. There were then multiple confirmed incidents involving a similar sex toy being thrown at WNBA games on the same day including onto the cordoned off court after the game in Atlanta involving the Dream and Mystics.

A green sex toy was thrown on the court seemingly in the direction of guard Sophie Cunningham in the Indiana Fever’s road game against the Los Angeles Sparks on Tuesday, Aug. 5. Sparks star Kelsey Plum kicked the object off the playing surface. There was another fan caught on a social media video (and subsequently arrested) for throwing a green sex toy at the Phoenix Mercury’s home game against the Connecticut Sun on Aug. 5. There was also a social media video that went viral of a green sex toy that had landed in the crowd at the New York Liberty’s game against the Dallas Wings on Aug. 5.

Are WNBA players being targeted?

Maybe. It certainly can’t be ruled out at this point.

The most recent incident involving Cunningham could offer some proof. She had recently warned fans on social media to not throw the NSFW item because ‘you’re going to hurt one of us.’ Days later, it appeared to be thrown toward her during the Fever-Sparks game on Aug. 5.

What are WNBA players, coaches saying?

At first, some players laughed if off. Now, they’re not happy. Here’s a sampling of comments about the situation:

Chicago Sky center Elizabeth Williams after the Aug. 1 incident: ‘It’s super disrespectful. I don’t really get the point of it. It’s really immature. Whoever is doing it needs to grow up.’
Los Angeles Sparks coach Lynee Roberts after Aug. 5 incident: ‘It’s ridiculous. It’s dumb. It’s stupid. It’s also dangerous, and you know, player safety is No. 1, respecting the game, all those things.’
‘I think you just have to continuously prioritize the players, because it’s obviously safety, but also just so immature to me, like, I just hate that that’s being attached to our brand and our name,’ New York Liberty player Isabelle Harrison told The New York Post. ‘This is like, let’s be professional here. I get the jokes, and things can be funny, but it just gets to a point. So like, I’m just really over it, and I know other players are over it.’
‘I would have picked that thing up and thrown it right back at them,’ former Phoenix Mercury star Diana Taurasi told Front Office Sports.

Is the throwing of sex toys at WNBA games misogyny?

It sure seems that way based on the available evidence (and a calculated and blatant example of misogyny, too).

But don’t only take our word for it. Cosmopolitan and Glamour have both already weighed in on the case. Their verdict: misogyny.

Cosmopolitan: ‘There are people paying good money to attend a professional basketball game just to throw a (sex toy) at the players’ feet. Why? To send a message; to tell women that they don’t belong on the court and that their athleticism isn’t as valuable as their sexuality. This is misogyny, plain and simple. … They don’t care about what women deserve or how disgusting and violating their actions are. It’s time for NBA players to stand in solidarity with their female counterparts and call this behavior what it is: unacceptable, sexist, and detrimental to the entire sport.’

Glamour: ‘The message behind a sex toy in particular is pretty unambiguous. The intent is to sexualize and demean the women players because they are women. And that is nothing new at all. If I had a nickel for every time a sex toy was thrown on the court at a WNBA game, I would have just three nickels. But if I had a nickel for every time a powerful female athlete was subjected to some kind of misogynistic backlash, I’d have enough money to fund my own women’s basketball league.’

What is the WNBA saying?

The WNBA issued a statement on Aug. 4 after Carver’s arrest related the July 29 sex toy incident in Atlanta.

‘The safety and well-being of everyone in our arenas is a top priority for our league. Objects of any kind thrown onto the court or in the seating area can pose a safety risk for players, game officials, and fans,’ the WNBA said in a statement. ‘In line with WNBA Arena Security Standards, any fan who intentionally throws an object onto the court will be immediately ejected and face a minimum one-year ban in addition to being subject to arrest and prosecution by local authorities.’

This post appeared first on USA TODAY

2 Mins Read

Report: Micah Parsons dealing with minor injury

A dramatic offseason storyline involving one of the best defenders in the NFL continues in southern California at Dallas Cowboys training camp.

Micah Parsons and Cowboys owner and general manager Jerry Jones were not seen at Cowboys camp in Oxnard, California today, per reports.

It was later revealed that Parsons is dealing with back tightness. He received treatment instead of staying on the practice field, as he’s done for most of training camp.

It’s been less than a week since Parsons requested a trade from Dallas in a social media post. The three-time All-Pro is entering the final year of his rookie contract which is fully guaranteed.

Despite the trade request, Parsons has been holding in at the team’s training camp for much of the offseason. That means he’s been at mandatory activities and standing on the sidelines during practice while waiting a new deal.

The two sides – Parsons and the Cowboys, led by Jones – have yet to reach a deal.

A conversation Parsons and Jones had earlier this offseason about an extension seems to be a sticking point. Parsons thought it was just a conversation and that his agent, David Mulugheta, would be involved in official dealings. Jones and the Cowboys believed they’d reached a deal in that conversation.

‘There is no question that in the case of a player contract, you have to have it in writing,’ Jones said. ‘We have a contract in writing yet we’re still talking about re-negotiating. So, so much for that.’

Jones said after Parsons’ request that he is not confident the star pass rusher will play on opening night of the 2025 season when the Cowboys face off against the Philadelphia Eagles.

This post appeared first on USA TODAY

4 Mins Read

Mercury star gets triple-double as Phoenix crushes Fever: Highlights

The Phoenix Mercury overwhelmed the Indiana Fever 95-60 at PHX Arena on Thursday night, extending their winning streak to three straight.

Alyssa Thomas became the first player in WNBA history to record three consecutive triple-doubles. She had 18 points, 11 rebounds and 10 assists in the victory.

Thomas told the Amazon Prime broadcast after the game that she was happy with the victory and wanted to share the credit with her teammates.

‘We are super dangerous,’ Thomas said. ‘We lost to (the Fever) a week ago, but today was about us and our defense.’

The Mercury won the turnover battle 20-13.

DeWanna Bonner made her presence felt throughout the game, giving the home crowd something to cheer about after scoring a game-high 23 points against her former team. Bonner was waived by the Fever earlier this season then rejoined the Mercury. She told reporters that things ‘did not work out’ in Indiana.

There were moments throughout the game where things got a bit chippy between Bonner and former teammate Sophie Cunningham, who previously spent six years in Phoenix.

Cunningham led the Fever with 18 points in the loss.

The Fever have lost back-to-back games after having their five-game winning streak snapped in Los Angeles earlier in the week. The Fever were once again without Caitlin Clark, who missed her ninth consecutive game due to a groin strain.

Here’s what you missed on Thursday night.

Fever vs. Mercury highlights

Final: Mercury 95, Fever 60

Alyssa Thomas produced her third consecutive triple-double in the victory over the Fever. Thomas had 18 points, 11 rebounds and 10 assists in the victory. Satou Sabally nearly produced a double-double with 15 points and eight rebounds.

3Q: Mercury 73, Fever 47

Sophie Cunningham tried to will the Fever back into the game against the Mercury, but Phoenix proved to be too much and only built upon its lead. The Mercury went on a 19-2 scoring run during the quarter.

Cunningham has a career-high 18 points after shooting 6-for-8 from the field and 5-for-7 from the 3-point line.

Alyssa Thomas leads the Mercury with 18 points through the first three quarters. Satou Sabally has added 16 points and DeWanna Bonner has scored 14 points.

Halftime: Mercury 47, Fever 36

1Q: Mercury 26, Fever 16

Satou Sabally had eight points and two rebounds for the Mercury in the first quarter. She made all three of her shot attempts from the field and went 2-for-2 from the free-throw line.

Alyssa Thomas added six points, three rebounds, two assists and two steals for Phoenix in the opening period.

Kelsey Mitchell had a team-high eight points, a rebound and a steal for the Fever.

Sydney Colson suffers injury

Sydney Colson went down with a leg injury after trying to track down the basketball near the Fever’s bench on the sideline.

Colson’s teammates surrounded her while she was being evaluated on the court before she was helped back to the locker room by athletic trainer Todd Champlin and forward Bri Turner.

She was officially ruled out for the game with a left leg injury, according to an update shared by the Fever on their official X account.

The 11-year veteran celebrated her birthday on Wednesday.

Caitlin Clark is not available for Indiana Fever

Indiana Fever star Caitlin Clark did not play against the Phoenix Mercury on Thursday.

What time is Indiana Fever vs. Phoenix Mercury?

The Phoenix Mercury will host the Indiana Fever at 10 p.m. ET on Thursday, Aug. 7 at PHX Arena in Phoenix. The game will be streamed nationally on Prime Video.

How to watch Indiana Fever vs. Phoenix Mercury: TV, stream

Time: 10 p.m. ET (7 p.m. PT)
Location: PHX Arena (Phoenix, AZ)
Streaming: Prime Video

This post appeared first on USA TODAY

5 Mins Read

Sranan Gold Trenching Encounters 36.7 Grams/Tonne Gold over 5 Metres, 150 Metres South of Randy’s Pit at the Tapanahony Project in Suriname

Sranan Gold Corp. (CSE: SRAN) (FSE: P84) (Tradegate: P84) (‘Sranan’ or the ‘Company’) announces three channel samples with an apparent width of 5 metres that averaged 36.7 gramstonne (gt) gold were sampled in trench 25RACH-001, the first trench of an ongoing trenching program at the Tapanahony Project in Suriname.

This initial trench is located 150 metres south of Randy’s Pit, which is the largest artisanal mine within the Tapanahony Project. The previously announced high-grade grab samples from underground workings within Randy’s Pit (76.6 g/t and 23.7 g/t gold – see news release dated July 31, 2025) are located approximately 350 metres to the north.

The mineralization intersected in this generally north-south oriented trench trends to the northwest. These results represent the projection of gold mineralization beyond Randy’s Pit to the south. This high-grade interval was missed in historical drilling. Gold mineralization is hosted within sugary textured transposed quartz veins that are associated with sericite-limonite alteration and oxidized pyrite relics. The trench sampled upper saprolite material at the contact zone between sheared sedimentary and granitic rocks, which is an excellent host for gold as seen at the Antino Project, majority owned by Founders Metals, as well as elsewhere in the Guiana Shield.

Table 1: Recent results of trench 25RACH-001.

Sample ID	Easting	Northing	FROM (m)	TO (m)	INTERVAL (m)	FA Au (g/T)
1862834	766510.6	454973.7	0.0	2.0	2.0	0.3
1862835	766510.6	454973.7	2.0	4.0	2.0	0.2
1862836	766511.1	454974.1	4.0	6.0	2.0	25.1
1862837	766510.4	454975.2	6.0	8.0	2.0	48.1
1862838	766511.9	454974.8	8.0	9.0	1.0	37.3
1862839	766510.8	454974.8	9.0	10.0	1.0	0.5
1862840	766510.8	454975.7	10.0	12.0	2.0	0.3
1862841	766510.0	454975.7	12.0	14.0	2.0	0.7

Dr. Dennis LaPoint, Executive VP of Exploration and Corporate Development, commented: ‘This initial trench further confirms the potential to extend the Randy trend. Multiple gold systems in Suriname are related to complex, multi-stage deformation zones that include tension veins that enhance grade. The ongoing trenching program is designed to further extend the strike length of the Randy trend. Trenching will be conducted simultaneously with drilling on the Randy trend.’

Samples were prepared and assayed by Filab in Paramaribo, Suriname. All samples >2 g/T were re-assayed with 50-gram re-assay and gravimetric assay. Standard QA/QC procedures were followed which showed a satisfactory level of reproducibility. Reject samples will be sent to an independent lab for confirmation of assay results following standard procedures. Channel sampling, trenching and drilling are used to determine average grade and thickness. The Company notes that the channel samples may not represent true thickness of mineralization.

About Sranan Gold

Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The highly prospective Tapanahony Project is located in the heart of Suriname’s modern-day gold rush. Tapanahony covers 29,000 hectares in one of the oldest and largest small-scale mining areas in Suriname.

Sranan Gold also owns the Aida Property consisting of five mineral claims covering an area of 2,335.42 hectares on the Shuswap Highland within the Kamloops Mining Division.

For more information, visit sranangold.com.

Qualified Person

Dr. Dennis J. LaPoint, Ph.D., P.Geo. a ‘qualified person’ as defined under National Instrument 43‐101, has reviewed and approved the scientific and technical information in this release. Dr. LaPoint is not independent of Sranan Gold, as he is the Company’s Executive VP of Exploration and Corporate Development.

Information contact
Oscar Louzada, CEO
+31 6 25438975

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

Forward-looking statements

Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the company’s current expectations regarding future events, performance and results and speak only as of the date of this release. Further details about the risks applicable to the Company are contained in the Company’s public filings available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.

Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261600

News Provided by Newsfile via QuoteMedia

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