Breaking
True Market Story
Author

admin

Browsing
2 Mins Read

Knicks All-Star sidelined at least two weeks with ankle injury

The New York Knicks will be without All-Star guard Jalen Brunson for at least two weeks after he sprained his ankle Thursday night.

Brunson suffered the injury during the Knicks’ 113-109 overtime loss to the Los Angeles Lakers at Crypto.com Arena. Brunson was fouled as he drove to the cup with 1:24 remaining in overtime with the Knicks trailing 107-105. He landed awkwardly on the foot of Lakers guard Austin Reaves and immediately grabbed his right ankle while writhing in pain. Brunson briefly remained in the game and hit both free throws to tie the contest 107-107, but the Knicks immediately fouled so Brunson could be subbed out of the game.

Brunson limped off the court under his own power and went straight back to the locker room. He finished the night with 39 points, 10 assists and four rebounds.

Brunson has been readily available this year and has played in all but one of the Knicks’ 62 games this season. He is set to miss time as the Knicks jockey for position in the Eastern Conference in the final weeks of the regular season. Entering Friday, New York (40-22) is currently third in the Eastern Conference behind the Cleveland Cavaliers (52-10) and Boston Celtics (45-18).

Brunson fractured his left hand in the Knicks’ Game 7 loss to the Indiana Pacers in the second round of the 2024 playoffs.

The USA TODAY app gets you to the heart of the news — fast. Download for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

This post appeared first on USA TODAY

Keep Reading
By
7 Mins Read

Ranking 7 NFL teams set for quiet offseasons: Whither Chiefs, Cousins?

INDIANAPOLIS – The NFL is set up to push all 32 of its teams toward .500 – or eight or nine wins, as the case may be, until the league jams the long-anticipated 18th regular-season game onto the schedule.

But generally speaking, the deeper you go into the playoffs, the worse your draft position. The more you shell out for free agents one year, the less you’re able to spend the next. The more games you win in the regular season, the tougher your schedule is when the next one rolls around.

However, the savvy organizations find the cheat codes that separate them from the pack.

The Chiefs haven’t played in five of the past six Super Bowls because they’re lucky – or even because they have a quarterback, Patrick Mahomes, who might be regarded as the best of all time whenever he hangs up the cleats. Perhaps nearly as important is their stability and continuity, Andy Reid heading into his 13th season with the organization – all of that time spent with current GM Brett Veach, who’s worked for and with Reid in various capacities going back to the coach’s days in Philadelphia. Their rapport and shared philosophy explain why this franchise is typically several steps ahead of the competition, whether it’s drafting for anticipated needs, or moving on from seemingly indispensable players like former WR Tyreek Hill or All-Pro OL Joe Thuney, who was traded earlier this week.

“(W)e’re fortunate to have enough nucleus of good players that will be joining us and giving us an opportunity to have a productive ‘25 season and still compete,” Reid said at last week’s scouting combine.

As it pertains to roster construction, he added that it’s “all part of trying to bring the best people in that you can for your team. You can’t help but try to figure out how the pieces fit in the puzzle there, and we’ll work together and then inevitably, (they) can complement one another and win games for you.”

But while the Chiefs are again dealing with champagne problems, another club has a more foreboding K.C. issue. Among the Falcons’ myriad challenges is determining what to do with now-backup QB Kirk Cousins.

“We’re having all of those discussions,” GM Terry Fontenot said at the combine. “That’s the critical part right now. It starts with our roster. We’ll make sure we make the right decisions. Get in a good place with the cap. Then we have to make the right decisions in free agency.”

However, for teams like the Falcons and Chiefs, cheat codes notwithstanding, there seem to be far fewer decisions to make in 2025 due to their specific circumstances. Unlike the better-resourced teams poised to have highly impactful offseasons in 2025, these eight – ranked from most to least able to affect change – could struggle to make headway (salary cap projections courtesy of Over The Cap):

7. Kansas City Chiefs

Offloading Thuney, 32, cleared $16 million in cap room even if he didn’t fetch nearly the return (a fourth-rounder next year) that Hill did in 2022. Thuney’s departure goes a long way toward paying for the $23.4 million franchise tag recently applied to RG Trey Smith. However, the AFC champs are still $3 million overspent, don’t have a reliable left tackle, will likely lose LB Nick Bolton and S Justin Reid, among several others, to the open market and only have six draft picks – most coming at the end of each round – to partially reload the roster. They’d also like to lay the groundwork to extend defensive stalwarts George Karlaftis and Trent McDuffie with both a year away from what will be cap-stretching fifth-year rookie options.

“Every offseason, there seems to be a unique challenge, and this will be no different,” said Veach.

6. Miami Dolphins

At least they’re set at the offensive skill positions, assuming Hill has successfully completed his damage control after shutting himself down in the team’s Week 18 loss to the New York Jets last season? Regardless, not a ton of quality or depth elsewhere on this roster – both lines, in particular, areas of significant concern. S Jevon Holland headlines the Fins’ fleet of free agents. But with only $12 million in cap space and a cluster of Day 3 draft picks, it appears Miami will be forced into something of a youth movement, if not necessarily blue-chip youth.

5. Baltimore Ravens

Similar situation in Charm City, where the AFC North champions don’t have much in the free agency bank (about $10 million) but have a load of draft choices, if concentrated in the later rounds. But unlike the Dolphins, the Ravens may also have to switch kickers given the salacious allegations surrounding Justin Tucker. But he’ll likely be easier to replace than Pro Bowl LT Ronnie Stanley, who’s scheduled to reach free agency.

4. Houston Texans

And the theme continues in Space City, where the AFC South champions’ budget hovers around $14 million while the draft quiver holds just six selections. It adds up to a much less aggressive approach than last year … though kudos to GM Nick Caserio for obtaining WR Christian Kirk from the division rival Jacksonville Jaguars on Thursday for a song, i.e. a 2026 seventh-rounder.

3. Tampa Bay Buccaneers

They’re pretty much capped out and only have six whacks at the draft board. But after a massive reinvestment in their own players last year – QB Baker Mayfield, LT Tristan Wirfs, WR Mike Evans and FS Antoine Winfield Jr. among them – that’s probably OK given it returned yet another NFC South crown. And if underrated GM Jason Licht can finagle a bit more room to keep WR Chris Godwin, so much the better.

2. New Orleans Saints

About one-sixth of their 2025 cap is tied up in three players who are long gone: CB Marshon Lattimore, WR Michael Thomas and QB Jameis Winston. And yet the Saints, who annually treat the cap like a kid who can’t pay down a high-interest credit card, still have $40 million they need to shed by Wednesday – which doubtless means more restructures like the one C Erik McCoy recently agreed to. Having the extra third-round pick obtained from Washington in last year’s Lattimore trade will help, but rookie HC Kellen Moore will likely be relying heavily on the draft for roster replenishment given the team’s cap constraints.

1. Atlanta Falcons

In the aftermath of a disappointing season, they still need to trim $5 million off the cap and own just four draft picks – their third-rounder belonging to New England and fifth-rounder forfeited for a tampering violation.

“You know, it is (a) tough market, because we are talking to a lot of players right now,” Fontenot said. “A lot of agents. Obviously, players on our roster.”

But it could get worse than trying to figure out how to re-sign 26-year-old C Drew Dalman.

Much worse.

Keeping Cousins means carrying the most expensive backup quarterback ever. Cutting him would incur a $65 million dead cap hit, including an additional $25 million accelerated onto this year’s bottom line (though Atlanta could spread that out with a post-June 1 designation). Given how the 36-year-old played in 2024, trading him seems like a non-starter unless – again – the Falcons are willing to eat a good chunk of Cousins’ contract.

“Yeah, we understand that it’s not ideal to have a quarterback at that cap number,” said Fontenot. “Now, when we gave him that contract, the expectation was for him to be the starter at this point. So, that is a good number for a starting quarterback. But now that he’s the backup, when we say we’re comfortable, we’re talking about the total funds allocated to the quarterback position. That’s already baked in.”

Unless second-year QB Michael Penix Jr. is superhuman in his first season as the full-time starter, seems more than likely that this team is already baked.

All NFL news on and off the field. Sign up for USA TODAY’s 4th and Monday newsletter.

This post appeared first on USA TODAY

Keep Reading
By
4 Mins Read

Lunar Owls top Rose as Unrivaled’s final stretch gets underway

MEDLEY, Fla. – The Lunar Owls and the Rose have the most heated rivalry in Unrivaled women’s basketball.

And the best part about it: They could potentially face each other again in the Unrivaled finals later this month.

The Lunar Owls won the latest matchup in the brewing rivalry, coming back to beat the Rose 66-56 in the second of two games Friday night to begin the league’s final weekend.

The Lunar Owls already own the No. 1 seed in the playoffs, which begin with two semifinal matchups on March 16 before the March 17 final.

And they already have their eyes on the prize money – Unrivaled announced Friday that players from the championship team will earn $50,000 each.

“We’re public enemy No. 1,” Lunar Owls guard Courtney Williams said during a postgame interview on the court.

“This is not a Super Bowl for us. This is like another rodeo. We’re going to continue stacking days, and we’re going to keep taking down whatever team is in front of us, because we’re going to get those 50 bands.”

Napheesa Collier hit the game-ending shot to finish with 16 points, but the Lunar Owls’ “bench mob” of Williams and Shakira Austin took the game over in the third quarter.

No team led by more than four points until the Lunar Owls turned a four-point deficit into an eight-point lead before the fourth quarter, and extended it to 12 points during the fourth quarter.

Austin finished with 17 points in less than 14 minutes, while Williams scored 12 points in nearly 12 minutes as the Lunar Owls improved to 12-1.

“Me and Court, we came in and had that fire,” Austin said. “We’ve been trying to set our own tone. Not just building on what the starters did, but making people stay on their toes a little bit more.”

“Shakira and Courtney just gave us unbelievable minutes,” Lunar Owls coach DJ Sackmann said. “They’re both starters, and they can play on any team in the world and get a lot of minutes. We all know that.”

The fierce and heated competition between both teams – sparked by the fact each club beat each other once already this season – was evident throughout the game.

Rose guard Brittney Sykes and Lunar Owls forward Skylar Diggins-Smith were competitive against each other on both sides of the floor. Austin and Rose center Angel Reese got into several brief dustups under the basket. Reese got called for an offensive foul when her elbow appeared to hit Collier in the face in the third quarter.

The Rose remains in second place in Unrivaled with a 7-6 record, already clinching one of the four playoff spots. Reese and Sykes each scored 17 points, while Chelsea Gray had 10 points in the loss.

“You look at these teams from top to bottom, and you see nothing but passionate and competitive-ass players. So, when you put this type of format with players that we have on our teams, respectively, it’s going to be a dog fight every time,” Sykes said.

“You want that. We knew coming into this game it was going to be a type of game with a playoff atmosphere. Obviously, we hate that we lost tonight. Nobody likes to lose, but also we got a taste of what playoffs could potentially be. … By all means, we would love to see them again.”

The Lunar Owls beat the Rose 79-70 on Jan. 18, and the Rose handed the Lunar Owls their first loss of the season, 72-63, on Feb. 21. The Lunar Owls used their 24-16 advantage in the third quarter Friday to take the third matchup between both teams.

In the first game Friday, the Laces beat the Phantom 73-59. Kayla McBride scored 22 points and the game-winning 3-pointer, Jackie Young had 18 points and Stefanie Dolson added 16 points off the bench in the win. The Phantom (3-10) were eliminated from playoff contention with the loss.

The Laces (6-7, No. 3) will face the Mist (5-7, No. 4) in the first of two games on Saturday, beginning at 6 p.m. ET. The Vinyl (5-7, No. 5) will face the Phantom in the second game at 7 p.m. ET.

On Monday, Unrivaled’s regular season will end with the Lunar Owls meeting the Mist at 7:30 p.m. ET, and the Vinyl playing the Rose at 8:30 p.m. ET.

Only two more clubs will join the Lunar Owls and Rose in Unrivaled’s inaugural postseason.

This post appeared first on USA TODAY

Keep Reading
By
2 Mins Read

Seahawks trade QB Geno Smith to Raiders, per reports

The Las Vegas Raiders will have a new quarterback in 2025 after acquiring Geno Smith from the Seattle Seahawks Friday, according to multiple reports.

Las Vegas is reportedly sending Seattle a third-round pick in return for acquiring Smith, who will reunite with former Seahawks coach Pete Carroll. The two were in Seattle together from 2019 through 2023.

The third-round pick Las Vegas is sending to Seattle is the No. 92 overall selection, per reports. That pick came to Las Vegas from the New York Jets as part of the Davante Adams trade.

Smith was entering the final year of his three-year, $75 million extension signed ahead of the 2023 season. He was slated to cost $44.5 million against the Seahawks’ cap in the final year of that extension in 2025. Instead, Seattle saves $17.5 million with this deal.

Las Vegas has started five different quarterbacks since Derek Carr signed with the New Orleans Saints in the 2023 offseason: Gardner Minshew, Aidan O’Connell, Desmond Ridder, Jimmy Garoppolo and Brian Hoyer.

In Smith, the Raiders have their first Pro Bowl quarterback since Carr. They entered the offseason with the second-most cap space in the league and still have money to spend following edge rusher Maxx Crosby’s record extension.

The Seahawks now have two quarterbacks on their active roster: Sam Howell and Jaren Hall.

This story will be updated as more information is available.

This post appeared first on USA TODAY

Keep Reading
By
2 Mins Read

Athletics’ new Las Vegas stadium renderings: See locker room, bullpens

The Athletics shared updated renderings of their proposed $1.75 billion stadium on Thursday at the Las Vegas Stadium Authority meeting, offering the public an in-depth look at the stadium’s state-of-the-art features as the franchise inches closer to relocating to Nevada for the 2028 season. The massive 33,000-seat stadium will be built at the south end of the Las Vegas Strip, where the Tropicana hotel previously stood, and will feature a partially-retractable roof that gives onlookers an ‘outdoor feel with climate-controlled temperatures.’

The stadium will offer the ‘closest seats to home plate and the smallest foul territory of any MLB ballpark,’ the Athletics boast on their website. The latest renderings also show the home locker room and the home and visitors bullpens staggered next to each other in left field, in addition to various concourses and seating experiences for fans.

The Athletics are expected to break ground and start construction in June.

The Athletics temporarily have relocated to Sutter Health Park in West Sacramento, California, for the next three seasons after playing their last game at the Oakland Coliseum in September 2024. The Athletics are projected to make their Las Vegas debut in the 2028 MLB season.

The USA TODAY app gets you to the heart of the news — fast. Download for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

This post appeared first on USA TODAY

Keep Reading
By
12 Mins Read

Lode Gold Strengthens Board of Spin Co Gold Orogen Ahead of Tax-Efficient Spin-out

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) (‘Lode Gold’ or the ‘Company’) is pleased to announce the proposed appointment of Bill Fisher and Rajesh Sharma to the Board of Directors of its upcoming spin-out company, Gold Orogen. The spin-out is scheduled for March 2025, with a shareholder meeting set for March 10, 2025, to approve the tax-efficient plan of arrangement.

The proposed appointments of Bill, Rajesh and the other Directors will be subject to shareholder approval at the Company’s Annual General Meeting (AGM) on March 10, 2025. Their appointments will be finalized following the AGM.

The proposed Gold Orogen Board will include:

  • Hashim Ahmed
  • Wendy T. Chan
  • Chad Tappendorf
  • Ron Tomlinson
  • Jonathan Hill
  • Bill Fisher (newly proposed to be appointed)
  • Rajesh Sharma (newly proposed to be appointed)

Bill Fisher, BSc, P.Geo
Director (Proposed)

Bill has a successful track record, marked by notable exits. In the late 1990s, Bill served as Vice President of Exploration for Boliden AB, a major European mining and smelting company, where he managed 35 projects across nine countries. His career highlights include serving as Chairman of Aurelian Resources, which discovered the Fruta del Norte gold deposit in Ecuador, leading to the company’s acquisition by Kinross Gold for $1.2 billion in 2008. Fisher also transformed GlobeStar Mining Corp. from an exploration company to an emerging mining company, developing the Cerro de Maimon copper/gold mine in the Dominican Republic, which was completed on time and under budget. This project was later sold to Perilya for $186 million.

With over 40 years in the mining industry, he is renowned for his expertise in exploration, development, and strategic leadership. His career began in Africa, where he spent a decade working on diamond exploration and mining projects, including significant discoveries of kimberlites in the Congo and contributions to exploration efforts in West Africa.

Currently, Bill serves as Chairman of GoldQuest Mining Corp., overseeing the development of a 3-million-ounce gold discovery in the Dominican Republic. He also holds directorships in several mining companies, including Inventus Mining and Churchill Resources, and previously served as Chairman of Treasury Metals, developing the Goliath Gold Project in Northwest Ontario.

Rajesh Sharma, ICD.D
Director (Proposed)

Rajesh brings extensive global leadership experience across the mining, exploration, metals, and international trade sectors. His career highlights include leading large-scale mining start-ups and exploration companies, as well as successfully completing several investment and acquisition deals. Within the Tata Group, Rajesh held multiple leadership roles, serving as CEO and Board member of various exploration, mining, and investment subsidiaries of Tata Steel in Canada and Africa. Additionally, he served as Executive in Residence at Investissement Québec. Rajesh holds degrees in management and engineering from IIT Roorkee and completed a scholarship program on Globalization and Leadership at the London School of Economics.

Biographies of the other existing Directors from Lode Gold joining the Board of Directors include:

Wendy T. Chan BSc, MBA, ICD.D
CEO

Wendy formerly held positions with Skeena, Roxgold and Novo Resources. She brings over 20 years of experience in developing and executing strategic plans for both Fortune 500 and entrepreneurial companies with global outreach.

Throughout her career, Wendy has demonstrated proficiency in managing businesses with full P&L responsibilities, consistently driving profitability. Her operational experience includes leading cross-functional teams and spearheading negotiations for multi-million-dollar projects. Wendy’s global perspective is evident in her work on key development initiatives involving JVs, strategic alliances and mergers and acquisitions across diverse regions, including Asia, Australia, Africa and the Americas.

Hashim Ahmed, CPA
Interim Chairman Director

Hashim is a seasoned financial executive with over 20 years of experience in finance, accounting, tax and governance. He currently serves as Executive VP and CFO of Mandalay Resources.

Prior to joining Mandalay, Hashim held key positions in the mining industry, including Interim CEO of Nova Royalty and CFO of Jaguar Mining. His career also includes a significant tenure at Barrick Gold, where he spent seven years in progressively senior finance positions, both in Canada and with site finance teams in Chile. Hashim’s expertise extends beyond the corporate realm, as he is a member of the Audit Committee of the Government of ‎Ontario, showcasing his broad financial acumen and commitment to public service.‎

Chad Tappendorf, CFA, MBA
Director

Chad is a Partner at Coast Capital, a New York-based investment firm with focused interests in the mining sector. His extensive experience spans globally in both private and public equity investments, demonstrating a broad understanding of diverse industries and market dynamics.

Throughout his career, Chad has held board memberships across various sectors, including resources, logistics, real estate, and consumer goods. His expertise extends to managing multi-billion dollar private equity portfolios, showcasing his ability to handle large-scale investments and complex financial strategies. Chad’s skill set encompasses the entire investment process, from identifying new opportunities and conducting thorough due diligence to performing valuations, negotiating deals, and structuring transactions and tax arrangements.

Jonathan Hill, Fellow AUSIMM, BSc (Hon) Econ Geo
Technical Director

Jonathan is a highly accomplished mining industry veteran with over 35 years of experience in exploration, project development, and mining operations worldwide. As the Founder and Principal Advisor of Exploration Outcomes Ltd., he leverages his extensive expertise to provide strategic guidance in the sector.

Throughout Jonathan’s career, he has played a pivotal role in numerous world-class gold and copper discoveries across both greenfield and brownfield projects. His tenure at AngloGold Ashanti was particularly noteworthy, where he led multi-million-dollar greenfield exploration ventures in Brazil and Colombia. This experience has honed his skills in governance, exploration strategy, and management, making him a valuable asset in the mining industry.

Currently, Jonathan serves as a Director on the boards of several mining companies, including Spark Energy Minerals, Royal Road Minerals, Lavras Gold, and Avanti Gold. His previous role as VP of Exploration and later technical advisor for Jaguar Mining further underscores his comprehensive understanding of the industry.

Ron Tomlinson
Director

Ron is currently the CEO of Tomlinson Group. With over 35 years of experience in executive management, strategic acquisitions, real estate operations and investments, Ron has successfully expanded Tomlinson Group’s operations across Canada and the United States. A seasoned manager and successful entrepreneur, he has driven the growth of the company into a vertically integrated organization with a strong focus on innovation and operational success.

Under Ron’s leadership, Tomlinson Group has spearheaded numerous large-scale projects across diverse industries, including construction, environmental services, and infrastructure.

The Company is poised to leverage the diverse expertise of its well-rounded board to drive Gold Orogen’s growth and achievements in the upcoming year.

Shares for Debt Issuance

Lode Gold is settling $231,180 of debts on the balance sheet by issuing 963,251 shares at $0.24 per unit to professional services contractors, management, and advisors. The share-for-debt transaction is subject to the approval of the TSX Venture Exchange in accordance with Policy 4.3, Shares for Debt, of the TSX-V corporate finance manual.

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States. In Canada, its Golden Culvert and WIN Projects in Yukon, covering 99.5 km2 across a 27-km strike length, are situated in a district-scale, high grade gold mineralized trend within the southern portion of the Tombstone Gold Belt. A total of four RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed in May 2024.

In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co; consisting of an area that spans 445 km2 and a 44 km strike. McIntyre Brook covers 111 km2 and a 17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold’s Queensway Project. Riley Brook is a 335 km2 package covering a 26 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.

In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 10.7 g/t Au in the 1930’s. Mining was halted in 1942 due the gold mining prohibition in World War Two (WWII) just as it was ramping up production. Unlike typical brownfield projects that are mined out; only 8% of the veins have been exploited. The Company is the first owner to investigate an underground high grade mine potential at Fremont. The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in creating the towns, businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail. An NI 43-101 MRE has been reported on March 5, 2025. A complete technical report will be filed 45 days later on SEDAR+.

Previously, in March 2023, the company completed an NI 43 101 Preliminary Economic Assessment(‘ PEA’) for the Fremont Gold project. A sensitivity to the March 31, 2023 PEA at USD $2,000/oz gold gives an after-tax NPV of USD $370M and a 31% IRR over an 11-year LOM. At $1,750 /oz gold, NPV (5%) is $217M. The project hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were mineralized. All NI 43-101 technical reports are available on the Company’s profile on SEDAR+ (www.sedarplus.ca) and the Company’s website (www.lode-gold.com)

ON BEHALF OF THE COMPANY

Wendy T. Chan, CEO & Director

Information Contact

Winfield Ding
CFO
info@lode-gold.com
+1-(604)-977-GOLD (4653)

Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (604) -977-GOLD (4653)

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties.

Cautionary Statement Regarding Forward-Looking Information

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

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the completion of the transaction and the timing thereof, the expected benefits of the transaction to shareholders of the Company, the structure, terms and conditions of the transaction and the execution of a definitive agreement, the timing of submission to the CSE and TSXV, Gold Orogen raising an additional $1,500,000 and the anticipated use of proceeds. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: that the Company and GRM will be able to negotiate the definitive agreement on the terms and within the time frame expected, that the Company and GRM will be able to make submissions to the CSE and TSXV within the time frame expected, that the Company and GRM will be able to obtain shareholder approval for the transaction, that the Company and GRM will be able to obtain necessary third party and regulatory approvals required for the transaction, if completed, that the transaction will provide the expected benefits to the Company and its shareholders.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of the Company and GRM to negotiate the definitive agreement on the terms and conditions and within the timeframe expected, the failure of the Company and GRM to make submissions to the CSE and TSXV within the timeframe expected, the failure of the Company and GRM to obtain shareholder approval for the transaction, the failure of the Company and GRM to obtain all necessary approvals for the transaction, and r other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading ‘Risks and Uncertainties’ in the Company’s most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243741

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
By
5 Mins Read

Missing Silver Bars Bring Mining Community Together

As miners, delegates and industry insiders dispersed after the Prospectors & Developers Association of Canada convention (PDAC), news circulated on X, formerly Twitter, that two 10 ounce bars of silver were missing.

The bars were owned by Arlen Hansen, founder of Kin Communications and host of the Kinvestor Report. In a post on X, Hansen explained that he purchased the bars from First Majestic Silver (TSX:FR,NYSE:AG) during the event.

The silver, with a total estimated value of US$647, was checked inside Hansen’s bag as he boarded his Vancouver-bound Air Canada (TSX:AC,OTCQX:ACDF) flight following the conference. From there, the white metal was destined for a silent auction in support of Canadian children living with diabetes.

However, according to Hansen’s post, the silver never arrived at its final destination.

“I don’t need a refund, a free upgrade, or more points, this was stolen from the children who need it, not me,” Hansen wrote on X, adding, ‘A pretty simple solution @AirCanada.’

The silent auction the silver was to be used for is part of the larger Pump Couture fashion show, an event that aims to reduce the stigma around diabetes, while raising awareness about the 3.8 million Canadians living with chronic disease.

Shortly after Hansen’s post was published, the mining community began showing its support.

‘Sorry to hear this, Arlen…but hopefully our donations will lead to an even greater result,’ wrote Brien Lundin, editor of Gold Newsletter and host of the New Orleans Investment Conference.

Silver producer and seller First Majestic and its mint division First Mint have offered to replace the lost silver, while others have donated to Diabetes Canada and provided encouragement to Hansen.

‘There has been a wonderful outreach from the mining community, not only sharing their condolences, but helping step up with financial support, taxable donations — and very fortunately, the silver was replaced by First Majestic Silver and then further matched by First Mint LLC. I didn’t ask them, they volunteered, and that to me is an example of how the good people in the mining community have stepped up,’ he said.

Hansen has filed a report with the Ontario Provincial Police (OPP) regarding the lost silver bars.

Systemic issues

During the ordeal, Hansen has been informed that many travellers have had similar issues with Air Canada.

‘There were over 200 responses of support, and many were not shocked and shared stories of how they have had personal items removed from their bags after checking in their luggage with Air Canada and other airlines,’ he said.

‘The silver was stolen from my bag, and someone should be held accountable for this, because if this is happening to me, it’s happening still and I believe the airlines should be investigating this seriously.’

This latest incident marks the third time since 2022 that Air Canada has been at the center of missing precious metals reports. Most notable is the April 2023 gold heist that saw 400 kilograms of gold stolen from an Air Canada cargo terminal at Toronto Pearson International Airport. The sophisticated heist was conducted by at least nine individuals and saw US$20 million worth of stolen gold melted and transported around the world.

In mid-2024, Peel Region Police announced the arrest of nine people in conjunction with the elaborate theft; however, only six pure gold bracelets with an estimated value of C$90,000 have been recovered.

In late 2023, Brink’s (NYSE:BCO) sued Pearson International Airport and Air Canada over the theft, alleging negligence in securing the cargo. Air Canada countered, arguing that Brink’s failed to insure the shipment or disclose its true value.

Although the C$20 million heist is considered the largest in Canadian history, it wasn’t the first time Air Canada was accused of losing precious metals. Months before the 2023 gold heist at Pearson International Airport, another gold bar disappeared while transiting through Toronto, according to a lawsuit.

On December 22, 2022, a Swiss precious metals refinery shipped 65 doré bars worth US$15.7 million from Lima, Peru, through Toronto to Zurich, Switzerland. However, somewhere along the way one gold bar disappeared.

According to the court filing, Brink’s paid an additional fee for the added security of the bullion, a designation that was to ensure the shipment did not “comingle” with other cargo. The doré bar worth over US$270,000 was never recovered. It is also not clear if that earlier incident is related to the later C$20 million heist.

Air Canada has said it will ‘vigorously’ defend itself in court, but questions about the security of precious metals shipments using the airline remain.

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

This post appeared first on investingnews.com

Keep Reading
By
4 Mins Read

Bitcoin Well Receives Receipt for Final Base Shelf Prospectus

Bitcoin Well Inc. (TSXV: BTCW) (OTCQB: BCNWF) (‘Bitcoin Well’ or the ‘Company’), the non-custodial bitcoin business on a mission to enable independence, is pleased to announce that it has obtained a receipt for its final short form base shelf prospectus (the ‘Shelf Prospectus’) filed with the securities commissions in each of the provinces and territories of Canada.

The filing of a Shelf Prospectus is intended to provide the Company with financing flexibility. Under the Shelf Prospectus, the Company may issue and sell up to C$25,000,000 of common shares, preferred shares, warrants, subscription receipts, units, debt securities, or any combination thereof, from time to time over the 25-month period that the Shelf Prospectus remains effective. The specific terms of any actual offering of securities (if any) will be set forth in one or more shelf prospectus supplement(s) to the Shelf Prospectus, which will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering.

Each prospectus supplement will contain specific information concerning, among other matters, the securities to be issued and the use of proceeds from any such issuance. There is no certainty that any securities will be offered or sold under the Shelf Prospectus. A copy of the Shelf Prospectus and any shelf prospectus supplements that may be filed in the future, can be found under the Company’s SEDAR+ profile at www.sedarplus.ca.

The securities being referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘1933 Act‘), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Bitcoin Well

Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.

Join our investor community and follow us on Nostr, LinkedIn, Twitter and YouTube to keep up to date with our business.

Bitcoin Well contact information

To book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link: https://bitcoinwell.com/meet-adam.

For additional investor & media information, please contact:
Adam O’Brien
Tel: 1 888 711 3866
ir@bitcoinwell.com

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

Forward-looking information

Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as ‘anticipate’, ‘plan’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘should’, or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well’s business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well’s annual information form and management’s discussion and analysis for the year ended December 31, 2023. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well’s expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243788

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
By
12 Mins Read

Top 5 Canadian Mining Stocks This Week: San Lorenzo Gold Shines with 329 Percent Gain

Statistics Canada released its preliminary estimates for the 2024 annual mineral production survey on Wednesday (February 26).

The report showed that the US was the top trading partner for metal ores and non-metallic minerals over the last year. Canada’s resource sector shipped C$6.4 billion worth of commodities to the US in 2024. Meanwhile, imports into Canada totaled C$4.3 billion.

The top three export destinations for the Canadian mining sector were the US, which represented 23.9 percent of exports in 2024, followed closely by China with 20.3 percent and Japan with 8.9 percent.

At a value of C$4.2 billion, potash was the top mineral Canada exported to the US, representing 65.2 percent of metal and mineral exports. Diamonds and other non-metallic minerals were Canada’s next highest export to the US in this category, accounting for 13.1 percent of exports and having a trade value of C$844 million.

Overall, Canada shipped a total of C$54 billion worth of metals, non-metals and aggregates in 2024. The most valuable subcategory was gold, with Canada shipping 198,899 kilograms during 2024 worth an estimated C$16.89 billion. The second most valuable was potash, which saw 25.47 million metric tons shipped, adding C$8.68 billion to the Canadian economy.

Canada’s largest trading partner for minerals, the US, is causing considerable uncertainty in 2025 as the Trump administration continues to threaten sweeping 25 percent tariffs on all exports from Canada excluding energy, which would receive 10 percent tariffs.

The tariffs were originally set to go into effect in early February before being pushed back to the beginning of March, although US President Donald Trump did enact 25 percent tariffs on steel and aluminum imports in mid-February.

This past Wednesday, Trump indicated that the date for the sweeping tariffs had been pushed back to April 2, but walked it back in social media posts on Thursday (February 27), saying the tariffs would still go forward on March 4.

Since he assumed office on January 20, Trump’s foreign and domestic policies have sparked fears of a global trade war. Markets have struggled in recent weeks while the price of gold has soared to record highs as investors seek haven assets.

His economic moves towards Canada alongside comments calling Canada the 51st state and questioning its legitimacy as a nation have caused significant concern among Canadians, many of whom have begun boycotting US travel and products in favor of supporting Canadian companies.

Markets and commodities react

US equity markets were broadly down this week through the close of trading on Thursday, with CNN reporting markets are currently being driven by “Extreme Fear.” The S&P 500 (INDEXSP:INX) lost 4.13 percent over the four day period to end at 5,861.56, and the Nasdaq-100 (INDEXNASDAQ:NDX) fell 7.05 percent to 20,550.95 by Thursday. The Dow Jones Industrial Average (INDEXDJX:.DJI) saw the smallest drop, losing just 1.33 percent to 43.239.51.

In Canada, markets were also in decline. The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 4.79 percent to close at 615.84 on Thursday, the S&P/TSX Composite Index (INDEXTSI:OSPTX) posted a 1.61 percent loss to 25,128.24 and the CSE Composite Index (CSE:CSECOMP) dropped 3.73 percent to 127.53.

After hitting new all-time highs last week, the gold price slipped over the past four trading days losing 2.08 percent to US$2,876.00 per ounce at 5:00 p.m. EST Thursday. The silver price saw steeper declines, losing 5.04 percent during the period to US$31.25.

In base metals, the copper price spiked to almost US$4.75 late Tuesday (February 25) as Trump floated copper tariffs, but ended Thursday down on the week overall, closing the day at US$4.59 per pound on the COMEX. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) shed 3.16 percent to close at 560.29.

Top Canadian mining stocks this week

So how did mining stocks perform against this backdrop?

We break down this week’s five best-performing Canadian mining stocks below.

Data for this article was retrieved at 3:00 p.m. EST on Thursday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. GPM Metals (TSXV:GPM)

Company Profile

Weekly gain: 36.84 percent
Market cap: C$14.43 million
Share price: C$0.13

GPM Metals is a mineral exploration company working to advance its Walker Gossan zinc-lead project in the Northern Territory of Australia.

In June 2024, GPM announced that it concluded a sale and purchase agreement with a Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) subsidiary to wholly acquire the Walker Gossan project in Australia as well as two nearby exploration license applications. The terms of the deal replaced a previous farm-in agreement.

Rio Tinto’s subsidiary has the option to earn up to 49 percent interest back in the future on certain milestones. Additionally, it retains the right to be paid a further contingent amount equivalent to the future value of 1,000 metric tons of zinc and lead if GPM discovers a mineral resource greater than 20 million metric tons with combined zinc and lead grades above 8 percent.

In July 2024, GPM announced that it had finalized plans for an exploration program to be conducted in 2024 and 2025 that will follow up on previous work at the property, which identified a 2 kilometer by 1 kilometer gravity anomaly. Due to unexpected damage to the access route from storms, the program was delayed until the end of the wet season, April 2025, and will be overseen by new CEO John Timmons.

Shares in GPM Metals were up this week, although the company has not released any news in 2025.

2. DLP Resources (TSXV:DLP)

Company Profile

Weekly gain: 33.33 percent
Market cap: C$34.99 million
Share price: C$0.30

DLP Resources is a mineral exploration company focused on advancing its flagship Aurora copper-molybdenum project in Peru.

The 8,500 hectare site is located in the Central Andes. Exploration work has been performed at the site since the early 2000s, with DLP conducting drill programs in 2023 and 2024.

Shares in DLP saw gains this week following the release of a technical report for Aurora on Thursday that included a maiden mineral resource estimate with significant copper and molybdenum spread over two zones.

The inferred resource totals 1.05 billion metric tons of ore containing 4.65 billion pounds of copper, 1.1 billion pounds of molybdenum and 80 million ounces of silver. The resource has average grades of 0.2 percent copper, 0.05 percent molybdenum and 2.4 grams per metric ton silver.

The company said it is pleased with the size and results of the report and will continue drilling the site to upgrade the resource ahead of a preliminary economic assessment.

3. TriStar Gold (TSXV:TSG)

Company Profile

Weekly gain: 29.63 percent
Market cap: C$51.79 million
Share price: C$0.175

Tristar Gold is a gold exploration and development company focused on advancing its Castelo de Sonhos project in Pará State, Brazil.

According to a 2021 pre-feasibility study, the property consists of six concessions and has hosted historic small-scale artisanal mining over the past several decades. Between 2010 and 2021, Tristar drilled more than 67,000 meters in 611 holes.

The economics included in the study demonstrate that, at an annual 5 percent discount rate, the project has an after-tax net present value of US$321 million and internal rate of return of 28 percent with a payback period of 2.8 years. The base case was calculated using a gold price of US$1,550 per ounce.

The project was issued a preliminary license in August 2024 from the Para Secretariat for the Environment and Sustainability (SEMAS), a crucial environmental hurdle and the first of a three-stage process to allow project development.

The project experienced some delays in October as federal prosecutors recommended that the license be suspended pending the completion of additional archaeological studies and Indigenous Component Studies. In a follow-up announcement in December, Tristar indicated that the permit for the site would remain valid, with SEMAS providing a strong technical defense of the permitting process.

The company has not released further information on the proceedings and has spent early 2025 raising funds. The most recent news came on February 21, when it announced it had closed the final tranche of a non-brokered private placement for gross proceeds of C$1.08 million.

4. Star Diamond (TSX:DIAM)

Company Profile

Weekly gain: 28.57 percent
Market cap: C$27.79 million
Share price: C$0.045

Star Diamond is an exploration and development company working to advance its flagship Fort à la Corne diamond district in Saskatchewan, Canada.

The property is located 60 kilometers east of Prince Albert, Saskatchewan. Previously a joint venture with Rio Tinto, Star Diamond acquired Rio Tinto’s stake in the project in March 2024 in exchange for 119.32 million shares in Star Diamond, resulting in Rio Tinto holding a 19.9 percent ownership position in the diamond junior.

Fort à la Corne has seen extensive exploration of kimberlite deposits, including geophysical surveys, large-diameter drilling and micro- and macro-diamond analyses.

The Star-Orion South diamond project, the most advanced project area in Star Diamonds’ portfolio, is located within the district.

In 2018, the company released a PEA for Star-Orion South, which reported a resource of 27.15 million carats of diamonds from 200.16 million metric tons with an average grade of 14 carats per 100 metric tons. The inferred resource is 5.18 million carats from 72.08 million metric tons, with an average grade of 7 carats per 100 metric tons.

At the time, the company estimated a post-tax NPV of C$2 billion, an IRR of 19 percent and a payback period of 3 years and 5 months.

On January 9, Star Diamond announced that a 70.7 million share block held by a former project partner had been sold, with 61.12 million shares purchased by an international investor interested in diamonds.

The company’s most recent news came on February 27, when it announced that it had closed the second tranche of its private placement for gross proceeds of C$230,000, adding to the C$335,000 from the first tranche it closed on February 18. The funds will be used as working capital. According to the announcement, Star Diamond is discussing funding for a pre-feasibility study with potential investors.

5. Canuc Resources (TSXV:CDA)

Company Profile

Weekly gain: 21.43 percent
Market cap: C$13.60 million
Share price: C$0.085

Canuc Resources is an exploration and development company focused on its flagship San Javier silver and gold project in Sonora, Mexico.

As part of its strategy, Canuc also owns the MidTex natural gas project, which consists of eight producing natural gas wells it uses to provide steady, long-term cash flow.

Its San Javier project consists of 28 contiguous claims covering 1,052.9 hectares, with the most recent set of claims acquired in July 2024. The company has completed limited exploration work at the site, the most recent being a mapping and sampling program in January 2024.

The most recent news from Canuc came on February 13 when it announced it had entered into a definitive arrangement agreement to acquire Macdonald Mines Exploration (TSXV:BMK,OTC Pink:MCDMF). Multiple conditions must be met before it is finalized, including several approvals and Canuc completing a C$500,000 private placement.

If completed, the deal will see Canuc acquire Macdonald and its flagship SPJ project located 40 kilometers northeast of the Sudbury mining camp in Ontario, Canada. The site covers 19,710 hectares and hosts mineralization of copper, gold, cobalt, nickel and rare earth elements.

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 companies are listed on the TSXV?

As of June 2024, there were 1,630 companies listed on the TSXV, 925 of which were mining companies. Comparatively, the TSX was home to 1,806 companies, with 188 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

Keep Reading
By
5 Mins Read

Heritage Mining Announces Non-Brokered Private Placement of Units and Flow-Through Units

(TheNewswire)

VANCOUVER, BC TheNewswire – March 7, 2025 Heritage Mining Ltd. (CSE:HML) (FRA:Y66) (‘ Heritage ‘ or the ‘ Company ‘) is pleased to announce a non-brokered private placement (the ‘ Offering ‘) of units (‘ Units ‘) and flow-through units (‘ FT Units ‘) for gross proceeds of up to $1,3750,00.

Pursuant to the Offering, the Company intends to issue up to 13,750,000 Units of the Company at a price of $0.05 per Unit, for aggregate gross proceeds of up to $687,500, and up to 13,750,000 FT Units of the Company at a price of $0.05 per FT Unit, for aggregate gross proceeds of up to $687,500.

Each Unit will consist of one common share in the capital of the Company (‘ Common Share ‘) and one Common Share purchase warrant (a ‘ Warrant ‘). Each FT Unit will consist of one Common Share which will qualify as a ‘flow-through share’ as defined in subsection 66(15) of the Income Tax Act (Canada) and one Warrant.

Each Warrant will entitle the holder to acquire one Common Share (each, a ‘ Warrant Share ‘) at an exercise price of $0.10 per Warrant Share until 4:30 pm (Pacific Standard time) on that date that is 60 months from the closing date of the Offering (the ‘ Expiry Time ‘).

Closing of the Offering is expected to occur on or around March 27, 2025 (the ‘ Closing Date ‘).  The Offering is subject to all customary approvals. Proceeds of the Offering will be used to fund the Company’s planned exploration and drilling programs on its Drayton-Black Lake Project and Contact Bay and general working capital. The securities issued pursuant to the Offering will be subject to a four month hold period under applicable securities laws. In connection with the Offering, certain finders may receive a cash fee and/or non-transferable finder warrants.

‘Heritage Mining Ltd. has secured lead orders totaling up to C$250,000 from insiders, institutions, advisors, consultants, and existing shareholders. We are grateful for the continued support of existing stakeholders and look forward to closing the financing on or around March 27, 2025.’ Commented Peter Schloo, President, CEO, and Director.

ABOUT HERITAGE MINING LTD.

The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.

For further information, please contact:

Heritage Mining Ltd.

Peter Schloo, CPA, CA, CFA

President, CEO and Director

Phone: (905) 505-0918

Email: peter@heritagemining.ca

FORWARD-LOOKING STATEMENTS

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘forecast’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘targeting’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’, ‘outlook’ and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company’s projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

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

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
By