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Quimbaya Gold Announces Termination of LOI with Denarius Metals

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

Quimbaya Gold Inc. (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya’ or the ‘Company’) announces that Denarius Metals Corp. has elected to terminate the binding Letter of Intent (the ‘LOI’) previously announced on May 7, 2025. The LOI contemplated the formation of a 50:50 joint venture to advance the formalization of artisanal mining at Quimbaya’s Tahami Project in the Segovia District of Colombia.

Quimbaya thanks Denarius for the time and consideration given to this opportunity. While the parties were unable to reach a definitive agreement, the Company appreciates the constructive dialogue and shared interest in advancing responsible development in one of Colombia’s most prolific gold regions.

Quimbaya retains 100% ownership of the Tahami Project, including the drill-ready Tahami South. The Company remains focused on executing its fully funded 2025-2026 exploration program, which includes a 4,000-meter drill campaign scheduled to commence at Tahami South soon.

In parallel, Quimbaya will continue to pursue alternative structures to support the formalization of artisanal mining in the region, aligning with its long-standing commitment to responsible mining, inclusive economic participation, and strong community engagement.

‘This is a strategically important district, and we remain confident in both the geological potential of Tahami and the strength of our position,’ said Alexandre P. Boivin, Chief Executive Officer. ‘Our exploration plans are on track, and we continue to evaluate opportunities that can responsibly advance the project and generate long-term value for all stakeholders.’

About Quimbaya
Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

Contact Information

Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com 

Sebastian Wahl, VP Corporate Development swahl@quimbayagold.com

Quimbaya Gold Inc.
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Cautionary Statements

Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking statements herein include statements and information regarding the Offering’s intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company’s properties and any results thereof, the strength of the Company’s mineral property portfolio, the potential discover and potential size of the discovery of minerals on any property of the Company’s, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company’s exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company’s ability to comply with environmental, health and safety laws. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change. 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261086

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Top 5 Canadian Mining Stocks This Week: Helius Metals Jumps 67 Percent

On Thursday (July 31) Statistics Canada released gross domestic product figures for May. The data shows the Canadian economy shrank for the second month in a row, edging down by 0.1 percent.

The decline was headlined by decreases in the resource sector, which posted a 1 percent contraction, led by a 2.1 fall in the mining and quarrying subsector. Oil and gas extraction was also down, recording a drop of 0.8 percent, marking the first back-to-back months of negative growth for the subsector since April and May 2023.

However, the agency reported that advance figures for June show a reversal, with its data indicating a 0.1 percent growth during the month, and flat GDP for the second quarter. StatsCan will post its official figures on August 29.

The Bank of Canada held its rate meeting this week, opting to hold its interest rate steady at 2.75 percent, citing resilience in the economy despite the trade dispute with the United States.

The economic news comes against a backdrop of tariff threats from the United States. In July, the White House vowed to increase the tariff rate of non-CUSMA-compliant goods from Canada from the 25 percent imposed earlier in the year to 35 percent if a deal wasn’t negotiated by the August 1 deadline.

On Thursday evening, the night before the deadline, Donald Trump signed an executive order increasing levies on goods entering the US from Canada. While CUSMA-compliant goods are largely exempt, the new tariff rate will have a significant impact on Canada’s auto, steel and softwood lumber industries.

Canada is not alone, as new tariffs rates will be applied on imports from all countries that were part of his original April 2 announcement. Those countries that have successfully negotiated agreements will also pay tariffs, but at a lower rate. However, the US also announced that it won’t begin collecting tariffs on imports until August 7. The delay is intended to allow more time for completing negotiations and for US Customs to adjust to the new policy.

The United States also released a slew of economic news this week, with fresh GDP, inflation and jobs data.

The US Bureau of Economic Analysis (BEA) released its second-quarter advance GDP estimate on Wednesday (July 30). While it shows solid growth of 3 percent after a 0.5 decline in the first quarter, analysts suggest it may be masking underlying weakness in the overall economy.

Decreases in Q1 were mainly due to a rise in imports, which are deducted from GDP calculations, as companies stockpiled goods in anticipation of US tariffs taking effect. However, the second quarter’s increase was due to companies reducing imports and working through their pre-tariff stockpiles.

US GDP is up a modest 1.2 percent since the start of the year, well below the 2.5 percent growth rate in 2024.

On Thursday, the US BEA released its personal consumption expenditures index (PCE) data. The report shows that inflation surged to 2.6 percent in June on an annual basis, above analysts’ expectations of a 2.5 percent rise and up from May’s 2.4 percent. Less the volatile food and energy categories, PCE came in at 2.8 percent, matching numbers from the previous month.

How much tariffs played a role in that increase is uncertain, but the PCE is a critical factor for the Federal Reserve’s decision in setting its benchmark Federal Funds Rate.

The central bank board met for its July meeting on Tuesday (July 29) and Wednesday, and ultimately decided to continue to hold the rate at 4.25 to 4.5 percent. Although it noted there was less uncertainty compared to its last meeting, Powell noted that they were still unsure whether inflation due to tariffs would be a one-time increase or if it would have longer-term implications.

Finally, the US Bureau of Labor Statistics released July’s nonfarm payroll report on Friday (August 1), reporting that an estimated 73,000 jobs were added to the economy in July. While additional government and business reports resulted in significant downward revisions to the initial May and June job estimates, dropping May’s numbers from 144,000 to 19,000 added jobs and June’s from 147,000 to 14,000. The figures indicate a rapid slowdown in employment growth in the United States.

Outside of the pandemic, employment growth in the United States has recorded the slowest start to the year since 2010.

Following the report’s release, Trump fired Bureau of Labor Statistics Commissioner Erika McEntarfer, accusing her without evidence of manipulating job data to make him look worse. The decision has drawn wide-spread criticism and concern that government sources on economic data will no longer be trustworthy.

Markets and commodities react

In Canada, equity markets were negative this week as Canada was unable to secure a deal with the United States. Although it reached a new all-time high Wednesday, the S&P/TSX Composite Index (INDEXTSI:OSPTX) ultimately declined 1.3 percent over the week to close at 27,020.43 on Friday. The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell further, moving down 5.08 percent to 761.21. The CSE Composite Index (CSE:CSECOMP) was the lone gainer, rising 0.76 percent to 134.37.

US equity markets were broadly down on Friday on the new US tariffs and poor job data. The S&P 500 (INDEXSP:INX) fell 2.07 percent to 6,238.00, the Nasdaq 100 (INDEXNASDAQ:NDX) dropped 1.89 percent to 22,763.31 and the Dow Jones Industrial Average (INDEXDJX:.DJI) shed 2.61 percent to 43,588.57.

In precious metals, after falling mid-week, the gold price rebounded sharply on Friday, ultimately ending the week up 0.77 percent to US$3,362.94 by Friday at 4 p.m. EDT. Meanwhile, the silver price dropped dramatically during the week. While it also bounced Friday, it still fell 5.66 percent to US$37.01.

In base metals, copper prices plummeted 23.16 percent to US$4.48 per pound after President Trump announced refined copper exemptions to the 50 percent copper tariff earlier in the week. The S&P GSCI (INDEXSP:SPGSCI) was up mid-week but slumped on Friday, registering a 0.57 percent loss to finish the week at 545.59.

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 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. Helius Minerals (TSXV:HHH)

Weekly gain: 72.94 percent
Market cap: C$48.93 million
Share price: C$1.47

Helius Minerals is a precious metals exploration company with a portfolio of assets in Nevada and Brazil.

The company has spent the first part of the year fundraising in support of the acquisition of Colossus Minerals and its 75 percent stake in the Serra Pelada gold-platinum-palladium project in the Para state of Brazil.

In 2009, Colossus reported significant assay results following its early exploration of the site, with one drill hole returning 8.04 grams per metric ton (g/t) gold, 154.5 g/t platinum and 245.8 g/t palladium.

The company had already completed most of the construction for the underground mine in 2013 when its dewatering measures at the site failed to prevent water ingress in the mine. Colossus was not able to finance the work necessary to fix the issues and became insolvent, putting the mine on care and maintenance.

In 2023, Colossus’ former geologist Christian Grainger was named Helius President and CEO.

On May 8, Helius reported that Colossus shareholders approved the sale of the company and its assets. Under the terms of the deal, Helius said it has a 12 month exclusivity period to conduct financing and also to develop a plan that is compliant with local mining laws and regulations. It also stated that it will need to address outstanding debts and a rehabilitation strategy for the site.

Shares gained this week, but the company has not issued further news.

2. Labrador Gold (TSXV:LAB)

Weekly gain: 58.82 percent
Market cap: C$20.4 million
Share price: C$0.13

Labrador Gold is an explorer focused on the advancement of its assets in Newfoundland and Labrador, and Ontario, Canada.

The company owns the Hopedale gold project in Eastern Labrador. The site hosts 998 claims and five licenses covering an area of 249 square kilometers in the Florence Lake greenstone belt.

In an announcement on February 8, the company reported high-grade gold from 2023 rock samples at the Fire Ant target, with grades of up to 106 g/t gold and 20.4 g/t silver. Additional rock and soil samples from other targets at Hopedale show grades of up to 0.28 percent nickel, 0.97 percent zinc and 3,493 parts per million copper.

Labrador also owns the Borden Lake project near Timmins, Ontario. Exploration at the site has been limited, mainly consisting of till samples and geophysical surveys to target areas for drill testing.

In a news release on February 19, Labrador said it was planning to conduct exploration work at both properties in 2025. On June 19 the company announced that it had mobilized to the Hopedale property and would focus on an area along the Thurber Gold trend at the northern portion of the site. It did not provide an update on exploration at the Borden Lake.

The company has not released news in the past week.

3. Torq Resources (TSXV:TORQ)

Weekly gain: 52.94 percent
Market cap: C$21.37 million
Share price: C$0.13

Torq Resources is an exploration company working to advance its Santa Cecilia gold and copper project in Chile.

Torq acquired the property through an option agreement in October 2021. The company can earn a 100 percent stake in the property if it makes a total of US$25 million before October 21, 2028, and exploration expenditures of US$15.5 million by October 21, 2025.

The deal will also see the original owner retain a 3 percent net smelter return, half of which can be purchased by Torq based on the fair value of the project.

The site covers an area of 3,250 hectares and lies adjacent to the Newmont (TSX:NGT,NYSE:NEM) and Barrick Mining (TSX:ABX,NYSE:B) owned Norte Abierto project, the fourth largest undeveloped gold project in the world.

In late 2024, Torq entered into a joint venture with Gold Fields (NYSE:GFI), in which Gold Fields can earn up to a 75 percent indirect interest in the project through a US$48 million investment over six years, with minimum annual spending of US$6 million.

On July 17, Torq completed the first drill program at the project under the joint venture, The work consisted of five holes covering 4,062 meters and was designed to test the undrilled Gemelos Norte target and to follow up on the Pircas Norte target discovered during the 2024 drill campaign.

Torq’s most recent announcement came on July 31, when it terminated its option to acquire the Margarita project in Chile due to financial constraints and a shift in focus to Santa Cecilia. It also said it would retain its 100 percent interest in the La Cototuda concession, which is surrounded by Margarita and which it believes would be necessary for any future development at Margarita.

4. Happy Creek (TSXV:HPY)

Weekly gain: 41.18 percent
Market cap: C$18.45 million
Share price: C$0.12

Happy Creek Minerals is an explorer focused on advancing a portfolio of assets in British Columbia, Canada.

Its primary focus has been on its Fox tungsten property located in the South Caribou region of the province. It comprises 135.9 square kilometers of mineral tenure and hosts deposits containing tungsten, molybdenum, zinc, indium, gold and silver. In total, 21,125 meters of exploration drilling have been carried out at the site.

The most recent news came on July 16 when Happy Creek announced a non-brokered private placement to raise gross proceeds of up to C$3.25 million in flow-through units at C$0.07 per share and non-flow-through units at C$0.05 per share. The following day, Happy Creek upsized the offering to C$3.75 million.

The company plans to use the gross proceeds for drilling, exploration and development at Fox, as well as other exploration work in the Caribou.

5. Star Copper (TSXV:STCU)

Weekly gain: 38.78 percent
Market cap: C$58.81 million
Share price: C$2.04

Star Copper is an exploration company with a portfolio of assets in British Columbia.

Its flagship Star project, located in BC’s Golden Triangle, consists of 19 mineral claims covering an area of 6,829 hectares of crown lands. The property hosts five high-priority targets, which have seen exploration dating back to 2013.

The most recent exploration update from Star came on Tuesday, when the company provided a summary of its ongoing drill program at the site and said it was halfway through a six-hole, 4,000 meter drill campaign designed to test mineralized zones laterally and at depth.

The company has also been advancing work at its Indata property, where it holds a 60 percent optioned interest. The site in northern BC consists of 16 mineral claims across 3,189 hectares and hosts mineralization of copper, gold and molybdenum.

In a July 10 news release, the company reported that soil grids that were deployed to test for gold and copper have also returned clusters of anomalous antimony that exceed 100 parts per million over 5 kilometers.

Additionally, the company announced on July 16 that it had entered into an agreement to acquire a 100 percent interest in the Copperline property in North-central BC. The project consists of eight mineral claims covering 4,502 hectares and exploration at the site has produced a highlighted assay of 2.54 percent copper, 50.4 g/t silver over 25 meters.

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

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JPMorgan marks 1,000th branch opening since 2018 expansion plans

JPMorgan Chase has built 1,000 new branches in seven years. That’s more locations than most of its competitors operate in total.

The bank is marking the milestone opening in Charlotte, North Carolina, on Thursday where Chairman and CEO Jamie Dimon is attending a ribbon-cutting ceremony. The firm has roughly 5,000 branches, the most of any American bank, according to Federal Reserve data from March.

“It’s a great marker for us to be able to say, you can see our commitment over time and we’re on a marathon with regard to this expansion,” said Jennifer Roberts, the CEO of Chase Consumer Banking, in an interview. “A thousand [branches] is significant — a thousand is bigger than many regional competitors have at all.”

In 2018, JPMorgan operated bank branches in 23 states and said it would expand into as many as 20 new markets over the following five years with about 400 new locations. By 2021, the firm said it had branches in all 48 lower states. And last February, JPMorgan announced a new, multibillion-dollar investment to open another 500 new locations by 2027.

JPMorgan said over the past seven years, Chase has opened more bank branches than all of its large bank peers combined. However, many of JPMorgan’s competitors have recently announced plans to expand their own footprints as the quest for deposits heats up.

Bank of America recently announced a branch expansion, with plans to open 150 new centers by 2027. And Wells Fargo plans to add branches, especially now that it’s fulfilled a regulatory consent order that had been constraining its growth.

The industry-wide growth plans could help reverse a trend dating back to the 2008 financial crisis in which the U.S. has seen the net number of bank branches plummet. The combination of fewer overall banks and the advent of online banking has broadly made brick-and-mortar locations lower priority. However, in recent years, especially amid the population migration during and after the pandemic, banks have been reorienting their footprints to capture more deposits.

Expanding in Charlotte puts JPMorgan head-to-head with rival Bank of America, which is headquartered there and has 71% market share in the city, according to KBW and S&P Global Market Intelligence data.

Roberts said after this latest opening, Chase will have about 75 branches in North Carolina. She said that the bank is expanding there due to its “young, fast-growing population” and that there’s a “lot of wealth coming into that area” as well.

JPMorgan said at its investor day in May that its newer branches are expected to ultimately contribute more than $160 billion in incremental deposits. The firm said each new branch breaks even within four years.

JPMorgan said when its expansion is complete, Chase will have added more than 1,100 branches, renovated 4,300 locations and entered 80 new markets. It also expects that 75% of the U.S. population will be able to reach one of its branches within an “accessible drive.”

This post appeared first on NBC NEWS

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Official cause of death determined for WWE icon Hulk Hogan

The WWE icon died of acute myocardial infarction, commonly known as a heart attack, according to the Pinellas County Forensic Science Center documents obtained by USA TODAY Sports. The cause of death was noted in the cremation approval summary report.

The cause of death aligns with the initial report that Hogan died after suffering cardiac arrest.

In the documents, the center notes Hogan’s death was a consequence of a history of atrial fibrillation, a heart condition that results in an irregular and rapid heart rhythm, according to the Mayo Clinic. Hogan also had leukemia CLL, a type of cancer that affects white blood cells and bone marrow.

A spokesperson for the Pinellas County Forensic Science Center said Hogan’s death was certified by his primary care physician, and the medical examiner did not have a case into Hogan’s death.

Hogan died on July 24 at the age of 71. The Clearwater Police Department in Florida said in a statement that fire and police personnel responded to a medical call ‘for a cardiac arrest’ at 9:51 a.m. ET in Clearwater Beach on the Gulf Coast of Florida, near Tampa. The wrestling star was treated by medical personnel at his home before he was taken to a local hospital, where he was pronounced dead.

Police said no foul play or suspicious activity was suspected.

Hogan didn’t make his health issues public as there had been speculation he was declining. In June, E! News reported in June Hogan had neck surgery and the procedure ‘has indeed been successful.’ Despite the circulation of rumor on social media regarding his health, longtime friend Jimmy Hart said on July 22 he was ‘doing phenomenal.’

Arguably the most popular star in wrestling history, Hogan played a major role in the sport becoming a regional fandom to a worldwide phenonmenon, becoming WWE’s first major persona. He not only was successful in the ring, but his career ventured into movies and TV shows as he became a pop culture icon.

He was a six-time WWE Champion and was inducted into the WWE Hall of Fame twice, once in 2005 and in 2020 as part of the New World Order.

This post appeared first on USA TODAY

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Charlie Woods at the Junior PGA Championship: Round 3 score, results

Charlie Woods continued his impressive performance in the third round of the 49th Junior PGA Championships on Thursday at the Birck Boilermaker Golf Complex in West Lafayette, Indiana.

Woods entered the third round after finishing the previous day with a score of 6-under 66, totaling 7-under for the tournament, which tied him for fifth place with Carson Kittsley.

After a two-hour delay to start the third round, Woods did not let the uncertain atmosphere deter his performance and finished the day with a score of 5-under, which moves him into a tie for second with a score of 12-under for the tournament.

As the 49th Junior PGA Championships move into the final round, Lunden Esterline from Andover, Kansas, currently sits atop the leaderboard with a score of 19-under. Here is the status of the leaderboard heading into the fourth round:

Charlie Woods score, results after Round 3

Charlie Woods ended the third round of the 2025 Junior PGA Championships having shot 5-under par, putting him at 12-under for the tournament, good for T2 overall.

2025 Junior PGA Championships leaderboard

Top of the leaderboard, according to the Junior PGA Championships:

  • 1. Lunden Esterline: -19
  • T2:  Charlie Woods: -12
  • T2.  Pennson Badgett: -12
  • T4: Ayden Fynaut: -11
  • T4: Tyler Mawhinney: -11
  • T4:  Zenghao Hou: -11
  • 7: Sam Carraher: -10
  • T8: Luke Balaskiewicz: -9
  • T8: Ronin Banerjee: -9
  • T8: William Chang: -9
  • T8: Max VanderMolen: -9
This post appeared first on USA TODAY

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World Series odds: Dodgers remain favorites after trade deadline

The Major League Baseball’s July 31 trade deadline is the final opportunity for contenders to build out their rosters for a potential championship run.

The 2025 deadline turned into a busy day for both teams looking for an immediate answer to the holes on their roster, as well as teams looking forward to building out their rosters for the future. The Los Angeles Dodgers, New York Mets, New York Yankees and Philadelphia Phillies emerged as the odds on favorites to win the championship after making moves on July 31 to help bolster their rosters.

The defending champion Dodgers added a couple of relief arms and an outfielder to their roster, while the Mets and Phillies added major pieces to compete with one another in a competitive NL East.

Here’s a look at the updated odds for the 2025 MLB World Series champion:

2025 World Series odds

Odds via BetMGM as of Thursday, July 31.

Here’s a look at the odds for the MLB teams to win the 2025 World Series. The Dodgers are still the favorites, but the Mets, Yankees and Phillies are tied for the second best odds. The Detroit Tigers round out the top five, while the Houston Astros busy day on July 31 helped their odds.

  • 1. Los Angeles Dodgers (+250)
  • T-2. New York Mets (+850)
  • T-2. New York Yankees (+850)
  • T-2. Philadelphia Phillies (+850)
  • 5. Detroit Tigers (+950)
  • 6. Houston Astros (+1100)
  • 7. Chicago Cubs (+1200)
  • 8. Toronto Blue Jays (+1500)
  • 9. San Diego Padres (+1700)
  • T-10. Seattle Mariners (+1800)
  • T-10. Milwaukee Brewers (+1800)
  • T-12. Boston Red Sox (+2500)
  • T-12. Texas Rangers (+2500)
  • 14. Cincinnati Reds (+8000)
  • T-15. San Francisco Giants (+15000)
  • T-15. Tampa Bay Rays (+15000)
  • T-17. Cleveland Guardians (+20000)
  • T-17. Kansas City Royals (+20000)
  • 18. Saint Louis Cardinals (+50000)
  • T-19. Arizona Diamondbacks (+100000)
  • T-19. Atlanta Braves (+100000)
  • T-19. Baltimore Orioles (+100000)
  • T-19. Miami Marlins (+100000)
  • T-19. Los Angeles Angels (+100000)
  • T-19. Minnesota Twins (+100000)
  • T-19. Athletics (+100000)
  • T-19. Pittsburgh Pirates (+100000)
  • T-19. Washington Nationals (+100000)
  • T-29. Chicago White Sox (+200000)
  • T-29. Colorado Rockies (+200000)
This post appeared first on USA TODAY

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Astros bring homegrown star back in shocking deal with Twins

In a startling reunion brought about by injuries to their infield, the Houston Astros have agreed to bring back Carlos Correa, their 2015 Rookie Of the Year, 2017 World Series champion and three-time All-Star, the Astros announced July 31.

USA TODAY Sports reported a day before the deadline that the Astros had interest in bringing Correa back from the Minnesota Twins with the team sitting in first place in the American League West but having lost third baseman Isaac Paredes and shortstop Jeremy Peña to injuries in recent weeks.

It was Peña’s presence that prompted Houston to let Correa walk as a free agent in 2021, when he led the AL with 7.3 WAR and boosted the Astros to the ’21 World Series. Now, Correa says he will be moving to third base for the first time in his career, with Peña set to come off the injured list this weekend.

After leaving Houston, Correa twice signed with Minnesota, the second time inking a six-year, $200 million deal after failing physicals with the San Francisco Giants and New York Mets. 

Now, he’s back with the team that drafted him No. 1 overall in 2012 – and teammates with Peña, the man who replaced him and should be back shortly from a rehab assignment. 

He will come with some financial relief: The Twins are sending $33 million to the Astros to help offset the roughly $108 million left on Correa’s contract through 2028. The Twins will receive left-hander Matt Mikulski, a 26-year-old still in high Class A ball.

Carlos Correa trade details

The Astros will receive Carlos Correa and $33 million in the deal with the Twins, with Minnesota receiving 26-year-old Class A left-hander Matt Mikurski.

Carlos Correa stats

Correa was batting .267 with a .705 OPS, seven home runs and 31 RBIs in 93 games for the Twins this seaso.

Carlos Correa contract

Carlos Correa is making $37.3 million in 2025. After this season, Correa has three years and about $96.5 million remaining on the six-year, $200 million deal he signed with the Twins.

This post appeared first on USA TODAY

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Chargers, Trey Lance dominate Lions in 2025 NFL Hall of Fame Game

The NFL returned tonight.

The Los Angeles Chargers kicked off the NFL’s Hall of Fame induction weekend with a resounding preseason win over the Detroit Lions.

The Chargers put together an all-around dominant performance in their 34-7 win over the Lions. Their defense and special teams forced five turnovers, leading to 17 points, while Trey Lance put together a strong showing as he battles for the backup quarterback job behind Justin Herbert.

Lance played the first three quarters of the game and flashed throughout the night. The No. 3 overall pick in the 2021 NFL Draft showed off his strong arm with numerous downfield passes, including a dotted downfield 28-yard dart to KeAndre Lambert-Smith. The fifth-year pro also showed off improved accuracy and ball placement, completing 13 of 20 passes for 120 yards and two touchdowns on the evening.

Lance wasn’t the only young player to perform well. Undrafted cornerback Nikko Reed had an interception early in the game that earned him praise from Jim Harbaugh. Lambert-Smith also had a couple of nice catches, including a 15-yard touchdown during which he showed off his separation skills and shook loose from the Lions defender for the score.

Detroit’s five turnovers put a damper on its performance, but Dan Campbell’s squad had to be encouraged by the performance it got from rookie receivers Isaac TeSlaa and Dominic Lovett. The duo combined for seven catches and 77 yards despite up-and-down performances from quarterbacks Kyle Allen (9 for 14, 91 yards and two interceptions) and Hendon Hooker (3 of 6, 18 yards and one interception).

USA TODAY Sports provided live updates, highlights and more from the Hall of Fame Game matchup between the Chargers and Lions below. All times are Eastern.

Myles Purchase logs interception, fifth Chargers takeaway

The Chargers continue to force the Lions into turnovers. This time, it’s undrafted rookie Myles Purchase making the play. He managed to grab a pass intended for Dominic Lovett and returned it 49 yards.

Los Angeles will now kneel out a 34-7 win.

Kimani Vidal punches in 3-yard touchdown on fourth-and-goal

The Chargers decided to go for it on fourth and goal late in the fourth quarter of the Hall of Fame Game. Vidal took a carry off tackle to the right side and he managed to find enough of a crease to power his way into the end zone.

Cameron Dicker makes the extra point, and the Chargers lead 34-7 with 3:42 left in regulation.

Chargers 34, Lions 7

DJ Uiagalelei checks into game for Chargers

Trey Lance’s day is done after he completed 13 of 20 passes for 120 yards and two touchdowns. Finishing the game for Los Angeles will be Uiagalelei, an undrafted rookie who played collegiately at Clemson, Oregon State and Florida State.

Uiagalelei completed 1 of 2 passes for 12 yards on his first series of the game. The Chargers punted the ball back to the Lions after going 3-and-out.

Score update: Chargers leading Lions 27-7 entering fourth quarter

The Chargers have the Hall of Fame Game under control and will take a 20-point lead into the fourth quarter. 

Trey Lance has played the entire game thus far and performed well, completing 12 of 20 passes for 120 yards and two touchdowns, resulting in a 114.6 passer rating. His performance could allow him to gain ground against Taylor Heinicke in the Chargers’ backup quarterback battle.

As for the Lions, they haven’t been able to consistently move the ball, as they were outgained 207-174 in the first three quarters. They have also turned the ball over four times without forcing a takeaway, which is the primary reason they find themselves down by so much.

Los Angeles and Detroit will likely get some of their back-end roster candidates more playing time in the fourth quarter.

Chargers extend lead with another Cameron Dicker field goal

Los Angeles continues to move the ball consistently on offense, but they stalled out in a goal-to-go scenario for the second consecutive drive. The Chargers nearly capped the drive with a 9-yard touchdown pass to Dalevon Campbell, but he wasn’t able to keep his feet in bounds while catching a pass from Lance on the sideline.

Instead, the Chargers called upon Dicker to make a field goal. He was true from 27 yards to make it 27-7.

Chargers 27, Lions 7

Cameron Dicker makes 23-yard field goal

The Chargers couldn’t take full advantage of the Lions fumble, failing to gain a yard after the takeaway. Dicker was still able to get Los Angeles on the board, as he made the 23-yard field goal with ease to put the Chargers up three scores, 24-7.

Chargers 24, Lions 7

Lions fumble punt for fourth turnover of game

The Lions were about to get the ball back, trailing 21-7 in the second half, when Jakobie Keeney-James failed to reel in a towering J.K. Scott punt. The Chargers managed to jump on the ball, notching their fourth takeaway of the game and positioning Trey Lance with another goal-to-go opportunity.

Trey Lance stats today

Lance posted a strong first half in the Hall of Fame Game, showing off his strong arm and improved accuracy as he enters his fifth NFL season. He completed 9 of 12 passes for 97 yards and two touchdowns, good for a 137.8 passer rating.

Halftime score: Chargers lead Lions 21-7 in Hall of Fame Game

The Lions got on the board in the second quarter, but the Chargers kept them at an arm’s length. Los Angeles’ defense has performed well, generating three turnovers, while the offense saw Trey Lance post a 137.8 passer rating in the first half.

Rookie KeAndre Lambert-Smith has also flashed for Los Angeles, recording two catches for 43 yards and a touchdown and logging a game-long 28-yard reception.

The Lions have also had a pair of rookie receivers perform well. Isaac TeSlaa and Dominic Lovett have combined for six catches and 70 yards despite Kyle Allen’s up-and-down performance. Allen completed 9 of 14 passes for 91 yards but tossed two interceptions.

Detroit will need better quarterback play in the second half to make a game of this exhibition contest.

Trey Lance hits KeAndre Lambert-Smith for 15-yard touchdown

Lance’s strong first half continues. Just after the two-minute warning, he found Lambert-Smith, a fifth-round rookie out of Auburn, open. Lambert-Smith managed to get an angle on the Detroit defender and was easily able to get into the end-zone.

Dicker once again made the extra point to put the Chargers up 21-7 with 1:51 left in the first half

Chargers 21, Lions 7

Lions get on board with 3-yard Craig Reynolds TD run

The Lions capped off a 15-play, 60-yard drive by allowing Reynolds to punch in a 3-yard touchdown on second-and-goal. Jake Bates knocked in the extra point to cut Detroit’s deficit to 14-7.

Detroit’s drive lasted 9:29 and took up most of the second quarter. The Lions converted two fourth downs on the drive thanks to a Kyle Allen scramble and a Dominic Lovett catch on fourth-and-1 in the red-zone. Dan Campbell is remaining aggressive, even in the preseason.

Chargers 14, Lions 7

Score update: Chargers lead 14-0 after first quarter

Los Angeles got off to a good start to the Hall of Fame Game. The Chargers’ defense has forced three turnovers, two of which set them up for short-field touchdowns, while quarterback Trey Lance has also looked good, completing 6 of 8 passes for 59 yards and a touchdown.

Meanwhile, Kyle Allen has been much shakier for the Lions, completing just 4 of 8 passes for 66 yards and two turnovers. If not for a Cameron Dicker field goal miss, Detroit’s deficit could be worse.

Kyle Allen throws second interception

Allen tried to take a downfield shot to third-round rookie Isaac TeSlaa after enjoying a solid start to Detroit’s second offensive drive. However, the veteran quarterback overthrew TeSlaa, which allowed safety Tony Jefferson to track down the ball in the end-zone and make a diving interception.

The Chargers will get the ball back on their 20-yard line.

Who is Nikko Reed?

Reed is an undrafted rookie who played four seasons of college football at Oregon. The 5-10, 160-pound cornerback notched five interceptions across four seasons (49 games) and logged seven pass defenses in each of his final three seasons with the Ducks.

Reed has impressed thus far at Chargers camp and logged an interception in the first quarter of the Hall of Fame Game.

Kimani Vidal punches in 2-yard TD run

Once again, the Chargers scored off a Lions turnover. Two plays after Nikko Reed’s interception, Vidal got the ball and ran into the end zone for the score.

Cameron Dicker’s extra point was good, giving the Chargers an early 14-0 lead over the Lions.

Chargers 14, Lions 0

Nikko Reed intercepts Kyle Allen, sets up goal-to-go opportunity for Chargers

Reed went undrafted in 2025 and wasn’t invited to the NFL Combine, but he is making a name for himself early in the NFL preseason. He undercut a pass intended for Tom Kennedy and returned it 60 yards to put Los Angeles at the 6-yard line.

Cameron Dicker hits upright with 53-yard field goal attempt

Dicker went 9 for 11 on attempts from 50-plus yards during the 2024 season. His first such attempt of the preseason didn’t go as well, as it doinked off the left upright and didn’t go through.

The Chargers maintain a 7-0 lead despite Dicker’s miss, though Detroit will get the ball near midfield as the Lions look to score for the first time.

Trey Lance hits Will Dissly for 5-yard TD

The first touchdown of the 2025 NFL preseason belongs to the Chargers. Lance, the former No. 3 overall pick by the 49ers, feathered a fourth-and-2 pass to Dissly, a veteran tight end, to get Los Angeles on the board.

Cameron Dicker converted the extra point to give the Chargers an early 7-0 lead in Canton.

Chargers 7, Lions 0

Lions fumble opening kickoff

The 2025 NFL preseason starts with a turnover. Lions return man Grant Stuard had the ball pop out of his hands after he hit into the back of his teammate, Anthony Pittman.

The Chargers scooped up the loose ball to set themselves up in scoring range for the first offensive drive of the NFL season.

Hall of Fame Game start time 

  • Date: Thursday, July 31, 2025 
  • Time: 8:00 p.m. ET 

The Lions vs. Chargers game will kick off the 2025 NFL preseason at 8:00 p.m. ET. 

Hall of Fame Game TV Channel 

  • Cable TV: NBC 

How to live stream Hall of Fame Game?

  • Streaming: Peacock | Fubo 

Watch the ‘Hall of Fame Game’ on Peacock

Hall of Fame Game odds, Lions vs. Chargers moneyline, over/under 

The Lions are favorites to defeat the Chargers, according to the BetMGM NFL odds. Looking to wager? Check out the best mobile sports betting apps offering NFL betting promos in 2025 including the ESPN BET app and Fanatics Sportsbook promo code. 

  • Spread: Lions (-1.5) 
  • Moneyline: Lions (-118); Chargers (+100) 
  • Over/under: 32.5 

Not interested in this game? Our guide to NFL betting odds, picks and spreads has you covered. 

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Where is the Hall of Fame Game played? 

The Hall of Fame Game is played at Tom Benson Hall of Fame Stadium in Canton, Ohio. It is a significant part of Hall of Fame Village that seats over 20,000 people. It serves as the home field for Canton City Schools’ McKinley High School Bulldogs. It has been a host site for numerous championship events, including the inaugural USFL Championship Game, the 2021 NCAA DIII Stagg Bowl, and over two decades of OHSAA high school football championship games. 

Hall of Fame Game weather update 

It’s going to be a cloudy night in Canton with a high of 66 degrees at kickoff and a low of 61 degrees at midnight. According to the AccuWeather forecast, wind gusts will max out at 30 mph while the chances of precipitation are below 10% for the entire game. 

When is the Pro Football Hall of Fame enshrinement ceremony?

The Enshrinement starts at 1 p.m. on Saturday, August 2, at Tom Benson Hall of Fame Stadium. Chris Berman from ESPN will host the event, which will celebrate the Class of 2025.

Who are the 2025 Hall of Fame inductees? 

Two days after tonight’s game, former Chargers tight end Antonio Gates will be enshrined into the Pro Football Hall of Fame’s class of 2025. Eric Allen, Jared Allen and Sterling Sharpe are joining him as part of this year’s class. 

When does the NFL regular season start? 

  • Week 1: Thursday, Sept. 4 – Monday, Sept. 8 

The NFL regular season begins when the Dallas Cowboys and Philadelphia Eagles kick off in Philadelphia on Thursday, Sept. 4. 

Week 1 continues with the Kansas City Chiefs and Los Angeles Chargers clashing in Sao Paulo, Brazil on Friday, Sept. 5. The remainder of the opening week’s slate continues Sunday and concludes Monday. 

Who are the Hall of Fame Game announcers for NBC? 

Mike Tirico will handle play-by-play duties during the game, with Cris Collinsworth providing color commentary. Melissa Stark will be reporting from the sidelines and and Terry McAulay will be the rules analyst on hand. 

Hall of Fame Game history for Lions and Chargers 

This will be the Lions’ fourth trip to Canton and the Chargers’ third. Neither team has played in the Hall of Fame Game since 1994. The Chargers (0-1-1) were part of the only scoreless game in the event’s history. They tied with the Green Bay Packers in 1980, but the game was halted in the fourth quarter due to a severe storm. The Lions (1-2) last played in the Hall of Fame Game in 1991, where they defeated the Broncos 14-3. 

This post appeared first on USA TODAY

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Skyharbour Resources

Investor Insight

In the current strong market dynamic for uranium, Skyharbour Resources is a compelling investment opportunity driven by its large portfolio of exploration assets in Canada’s most prolific uranium district in the Athabasca Basin.

Overview

Nuclear energy is a key driver in the transition to net zero, offering clean, reliable, and secure power to meet global electricity demand, which is expected to grow by 50 percent in 2040.

Skyharbour Resources (TSXV:SYH,OTCQX :SYHBF,FWB:SC1P) is strategically positioned to support this growing demand through its high-grade uraniumprojects. As a leading uranium exploration company, Skyharbour partners with industry stakeholders to advance projects that contribute to the secure and sustainable energy future nuclear power promises.

Skyharbour has launched its winter drill program at the Russell Lake uranium project, initiating its planned 16,000–18,000 metre campaign across 35–45 holes at its co-flagship Russell Lake and Moore projects. A total of 11,000 to 12,000 metres will be drilled at Russell Lake, along with an additional 5,000 to 6,000 metres at Moore Lake in 2025. This initial phase at Russell will focus on exploring the project’s significant upside potential, leveraging its widespread uranium mineralization and favorable geology for large, high-grade Athabasca Basin uranium deposits.

Company Highlights

  • Skyharbour Resources is a junior mining company with an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin. They comprise 37 uranium projects, totaling over 616,000 hectares.
  • The Athabasca Basin is the world’s most prolific uranium jurisdiction, boasting uranium grades averaging over 10-20 times higher than those found elsewhere.
  • The company employs a multi-faceted strategy of focused mineral exploration at its core projects (Russell and Moore) while utilizing the prospect generator model to advance its secondary projects with strategic partners.
  • The company’s co-flagship Moore project is an advanced-stage uranium exploration asset featuring high-grade uranium mineralization at the Maverick Zone. Previous drilling has returned results of 6 percent U3O8 over 5.9 meters, with a notable intercept of 20.8 percent U3O8 over 1.5 meters, at a vertical depth of 265 meters.
  • Adjacent to the Moore project is Skyharbour’s second core project, the Russell Lake uranium project, wherein Skyharbour has completed the acquisition of 57.7 percent interest from Rio Tinto. The Russell Lake uranium project is a large, advanced-stage uranium exploration property totaling 73,314 hectares.
  • The 2024 winter drill program at the Russell Lake uranium project led to a new discovery of high-grade, sandstone-hosted mineralization up to 2.99 percent U3O8 intersected over 0.5 meters.
  • Skyharbour has commenced its 2025 winter drill program at the Russell Lake uranium project with plans to complete an initial 5,000-metre diamond drilling program in 10 to 12 holes at the project
  • Fully-funded for combined drilling of 16-18,000m in 35-45 drill holes across Russell and Moore Lake Projects
  • 15-16,000 metres of additional drilling funded by partner companies at other projects in the Skyharbour’s prospect generator business including 6-7,000m of drilling by strategic partner Orano at the Preston project
  • Management intends to continue building the prospect generator business by offering projects to partners who will fund the exploration and provide cash/stock to Skyharbour for an ownership interest in the projects; Skyharbour typically retains minority interests in the projects and equity holdings in the partners.
  • The increasing focus on nuclear energy by governments globally to achieve decarbonization goals bodes well for uranium prices. Skyharbour, with key uranium assets in a top mining jurisdiction, stands to benefit from this shift in the global energy mix.

Flagship Projects

The Moore Project

This project covers an area of 35,705 hectares, located in the eastern Athabasca Basin near existing infrastructure with known high-grade uranium mineralization and significant discovery potential. Skyharbour acquired the project from Denison Mines (TSX:DML), a large strategic shareholder of the company. The project can be easily accessed year-round via winter and ice roads, streamlining logistics and reducing expenses. During the summer months, a significant portion of the property remains accessible as well. The property has been the subject of extensive historic exploration with over $50 million in expenditures, and over 140,000 meters of diamond drilling completed historically.

Moore hosts high-grade uranium mineralization at the Maverick zones. Over the past few years, Skyharbour Resources has conducted diamond drilling programs, resulting in the intersection of high-grade uranium mineralization in numerous drill holes along the 4.7-kilometer-long Maverick structural corridor. Some of the high-grade intercepts include:

  • Hole ML-199 which intersected 20.8 percent U3O8 over 1.5 meters at 264 meters,
  • Hole ML-202 from the Maverick East Zone which intersected 9.12 percent U3O8 over 1.4 meters at 278 meters.
  • Hole ML20-09 which intersected 0.72 percent U3O8 over 17.5 meters from 271.5 meters to 289.0 meters, including 1 percent U3O8 over 10.0 meters represents the longest continuous drill intercept of uranium mineralization discovered to date at the project.
  • Drill hole ML-61 returned 4.03 percent eU3O8 over 10 meters;
  • Drill hole ML -55 encountered high-grade mineralization, returning 5.14 percent U3O8 over 6.2 meters
  • Drill hole ML -47 intersected 4.01 percent U3O8 over 4.7 meters

Merely 50 percent of the total 4.7-kilometer promising Maverick corridor has undergone systematic drilling, indicating significant discovery potential both along its length and within the underlying basement rocks at depth. Skyharbour completed a 2024 winter drill program which consisted of 2,800m of drilling at the project which focused on infill/expansion drilling at the Main Maverick Zone. Assay results from the program intersected 5 metres of 4.61 percent U3O8 from a relatively shallow downhole depth of 265.5 metres to 270.5 metres including 10.19 percent U3O8 over 1 metre at the Main Maverick Zone from hole ML24-08. The Company recently received the remaining assay results from its late 2024 diamond drilling program, which totaled 2,759 metres in nine holes. Of the nine holes, four holes (ML24-10 to -12 and ML24-18) focused on the Main Maverick Zone and five holes (ML24-13 to -17) on the Maverick East Zone.

The primary objective of the summer program was to extend and expand the boundaries of the Main Maverick and Maverick East Zones with all but one hole successfully intersecting uranium mineralization. Drill hole ML24-15 which intersected 6.4 m of 1.50% U3O8 successfully expands the Maverick East zone over 40 metres along strike to the northeast with more drilling warranted in the area.

Skyharbour is planning for an additional, fully-funded 4,500 – 5,000 metres of drilling at the Main Maverick and Maverick East Zones to further expand, characterize and define the extents of the mineralized zones.

Apart from the Maverick Zone, diamond drilling in various other target areas has encountered multiple conductors linked with notable structural disturbances, robust alteration, and anomalous concentrations of uranium and associated pathfinder elements.

Russell Lake Uranium Project

The Russell Lake project is a large, advanced-stage uranium exploration property spanning 73,314 hectares, strategically positioned between Cameco’s Key Lake and McArthur River projects. Skyharbour has completed its earn-in requirements for an option agreement with Rio Tinto and has now acquired 57.7 percent ownership interest in the Russell Lake project.

The project is adjacent to Denison’s Wheeler River project and Skyharbour’s Moore uranium project. It is supported by excellent infrastructure in terms of highway access as well as high-voltage power lines. The project has undergone a significant amount of historical exploration which includes over 95,000 meters of drilling in over 220 drill holes. The exploration identified numerous prospective target areas and several high-grade uranium showings as well as drill hole intercepts.

The property hosts several noteworthy exploration targets, including the Grayling Zone, the M-Zone Extension target, the Little Man Lake target, the Christie Lake target, and the Fox Lake Trail target. Skyharbour completed a 19-hole drilling program totaling 9,595 meters in three phases in 2023. The initial drilling phase encompassed 3,662 meters across eight completed holes at the Grayling Zone, followed by a second phase involving four holes totaling 2,730 meters drilled at the Fox Lake Trail Zone. The third drilling phase involved 3,203 meters across seven holes targeting additional areas within the Grayling Zone.

Drilling at Russell in 2024 was completed in two separate phases with a total of 3,094 metres drilled in six holes. Phase One of drilling resulted in the best intercept of uranium mineralization historically on the property from hole RSL24-02, which returned a 2.5 metre wide intercept of 0.721 percent U3O8 at a relatively shallow depth of 338.1 metres, including 2.99 percent U3O8 over 0.5 metres at 339.6 metres just above the unconformity in the sandstone. The second phase of drilling was recently completed which totalled approximately 4,500 metres, with assays pending.

Skyharbour has recently commenced its 2025 drilling program at the Russell Lake project with a first phase consisting of approximately 5,000 metres to follow up on notable recent exploration success and to test new targets developed by the geological team. The focus for this phase of drilling will be on the Fork and Sphinx targets within the broader Grayling target area, as well as the M-Zone Extension target and the Fox Lake Trail target. This initial winter program will consist of 10 to 12 drill holes, with most of the targets being road accessible and near the exploration camp, bringing the drill costs down.

Prospect Generator Strategy

In addition to being a high-grade uranium exploration and early stage development company, Skyharbour utilizes a prospect generator strategy by bringing in partner companies to acquire interests in some of our secondary projects by funding exploration at these projects and making cash and share payments to Skyharbour over a period of time. This model allows the Company to focus efforts and capital at our core projects which include the Moore Lake and Russell Lake Projects, while having our JV and option partner companies fund and advance our secondary projects.

Skyharbour partner companies include Orano Canada, Azincourt Energy, Thunderbird Resources, Basin Uranium Corp., North Shore Uranium and Terra Clean Energy, advancing the Preston, East Preston, Hook Lake, Mann Lake, Falcon and South Falcon East Projects, respectively. More recently, three new earn-in option agreements have been signed with UraEx Resources at the South Dufferin and Bolt Projects, Hatchet Uranium at the Highway Project, and Mustang Energy at the 914W Project, bringing the total partner companies to nine. Skyharbour now has option agreements that total over CAD $36 million in exploration expenditures, over $20 million in stock being issued and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their full earn-ins at their respective projects.

Furthermore, Skyharbour’s project portfolio is bolstered by several other 100% owned projects scattered throughout the Athabasca Basin that they can look to option/JV or sell to grow their robust model.

Management Team

Jordan Trimble – President and CEO

With a background in entrepreneurship, Jordan Trimble has held various positions in the resource industry, focusing on management, corporate finance, strategy, shareholder communications, business development, and capital raising with multiple companies. Prior to his role at Skyharbour, he was the corporate development manager at Bayfield Ventures, a gold company with projects in Ontario. Bayfield Ventures was subsequently acquired by New Gold (TSX:NGD) in 2014. Throughout his career, Trimble has established and assisted in the management of numerous public and private enterprises. He has played a pivotal role in securing significant capital for mining companies, leveraging his extensive network of institutional and retail investors.

Jim Pettit – Chairman of the Board

Jim Pettit currently serves as a director on the boards of various public resource companies, drawing from over 30 years of experience in the industry. His expertise lies in finance, corporate governance, management and compliance, particularly in the early-stage development of both private and public enterprises. Over the past three decades, he has primarily focused on the resource sector. Previously, he served as chairman and CEO of Bayfield Ventures, which was acquired by New Gold in 2014.

David Cates – Director

David Cates currently serves as the president and CEO of Denison Mines (TSX:DML). Before assuming the role of president and CEO, Cates was the vice-president of finance, tax, and chief financial officer at Denison. In his capacity as CFO, he played a pivotal role in the company’s mergers and acquisitions activities, including spearheading the acquisition of Rockgate Capital and International Enexco. Cates joined Denison in 2008, initially serving as director of taxation before he was appointed CFO. Prior to joining Denison, he held positions at Kinross Gold and PwC with a focus on the resource industry.

Joseph Gallucci – Director

Joseph Gallucci was previously a senior manager at a leading Canadian accounting firm. He possesses more than two decades of expertise in investment banking and equity research, specializing in mining, base metals, precious metals, and bulk commodities worldwide. He serves as a senior capital markets executive and corporate director. Presently, Gallucci is the managing director and head of investment banking at Laurentian Bank Securities, where he assumes responsibility for overseeing the entire investment banking practice.

Brady Rak – VP of Business Development

Brady Rak is a seasoned investment professional who has focussed on the Canadian capital markets over his 13-year career at several independent broker dealers including Ventum Financial, Salman Partners and Union Securities. As a registered investment advisor in the private client division of Ventum Financial, Brady has been involved in advising high-net-worth and corporate clients, structuring transactions, raising capital and navigating global market sentiment. Brady graduated from Northwood University with a BBA in Management and holds his Options license.

Serdar Donmez – Vice-president of Exploration

A recognized geoscientist with decades of experience in uranium exploration and development, Serdar Donmez has played an active role in numerous grassroots and advanced uranium exploration projects in northern Saskatchewan and Zambia. Donmez has an engineering degree in geology and is a registered professional geoscientist with the Association of Professional Engineers and Geoscientists of Saskatchewan. During his 17-year tenure at Denison Mines, Donmez was pivotal in advancing numerous uranium exploration and development projects. He was involved in various capacities with the Phoenix and Gryphon uranium deposits on Denison’s Wheeler River project, from initial discovery to the completion of the feasibility study in 2023. As resource geology manager, he was integral to the development of mineral resource estimates and NI 43-101 technical reports for several advanced exploration projects in the Athabasca Basin. Additionally, he was part of a team exploring the application of in-situ recovery mining techniques for high-grade uranium deposits in the Athabasca Basin.

Dave Billard – Head Consulting Geologist

Dave Billard is a geologist with over 35 years of experience in exploration and development, focusing on uranium, gold and base metals in western Canada and the western US. He served as chief operating officer, vice-president of exploration, and director for JNR Resources before its acquisition by Denison Mines. He played a crucial role in the discovery of JNR’s Maverick and Fraser Lakes B zones. Earlier in his career, he contributed to the discovery and development of several significant gold deposits in northern Saskatchewan. Prior to joining JNR, Billard worked as a geological consultant specializing in uranium exploration in the Athabasca Basin. He also spent over 12 years with Cameco Corporation.

Christine McKechnie – Senior Project Geologist

Christine McKechnie is a geologist with a specialization in uranium deposits, particularly those hosted in the basement and associated with unconformities in the Athabasca Basin and its vicinity. Throughout her career, she has worked with various companies such as Claude Resources, JNR Resources, CanAlaska Uranium and Cameco, engaging in gold and uranium exploration activities. She completed her B.Sc. (High Honors) in 2008 from the University of Saskatchewan and completed a M.Sc. thesis on the Fraser Lakes Zone B deposit at the Falcon Point project. She also received the 2015 CIM Barlow Medal for Best Geological Paper.

This post appeared first on investingnews.com

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