DALLAS, TX / ACCESS Newswire / June 18, 2026 / AIAI Holdings Corporation (NASDAQ:AIAI) (“Ai²” or the “Company”), an AI-enabled diversified holding company utilizing Transformational AI to enhance portfolio performance, today announced that John P. Rochon, Chairman of Ai² and entities controlled by the family of Mr. Rochon, collectively, have acquired approximately $100 million of Ai² shares at $20.00 per share through a privately negotiated transaction with an existing large shareholder.
This transaction represents a significant incremental investment by the Rochon family, further increasing their already substantial ownership position in Ai². The purchase underscores a deep and continuing conviction in the Company’s long-term strategy, its differentiated position in Transformational AI, and the proven ability of its Board and management team to execute at scale. The Rochon family has been a longstanding supporter of Ai², and this latest investment further aligns their interests with the Company’s long-term value creation objectives. This transaction reinforces a stable and strategically aligned shareholder base.
“This is not simply a financial investment; it is a statement of belief in where Ai² is going and how we intend to get there,” added John P. Rochon, Sr. “We are building something enduring, with a focus on disciplined execution, durable growth and long-term value creation.”
Ai² continues to execute against a robust pipeline of AI-driven initiatives across multiple sectors, focusing on enterprise-grade psychometric intelligence, scalable deployment architectures, and high-value commercial applications. The Rochon family believes it is well-positioned to capitalize on accelerating demand for applied AI solutions that deliver measurable business outcomes.
The Company was not involved in negotiating this transaction and will not receive any proceeds. Additionally, the Company expects to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 with the Securities and Exchange Commission next week. The Company notes that the period covered by the 10-Q predates both its direct listing and the acquisition of its Portfolio Companies and therefore will not reflect the consolidated financial results of those subsidiaries. The financial results to be presented in the forthcoming Form 10-Q will reflect only the historical operations of the Company’s predecessor entity and will include transaction-related expenses incurred in connection with the business combination, as well as the effects of operational disruptions arising from, among other factors, closing the transaction, adverse weather conditions and military hostilities in the Middle East, each of which impacted performance during the first quarter. As a result, the Company believes the financial results that will be reported in the forthcoming Form 10-Q will not be representative of the Company’s normalized operating performance.
About AIAI Holdings Corporation
AIAI Holdings Corporation (Ai²) (NASDAQ:AIAI) is an AI-enabled diversified holding company that acquires and grows companies across multiple industries. We expect to drive revenue and earnings growth throughout our portfolio by applying exclusively licensed Transformational AI to enhance operational efficiency and financial performance.
Ai² is building a next-generation model for technology-enabled business operations, which is expected to create sustainable value for shareholders through the strategic integration of artificial intelligence across diverse industries. More information can be found at www.aiaiholdings.com.
This press release contains “forward-looking statements” or “forward-looking information” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and plans of the Company. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding our expectations, intentions, beliefs, plans, objectives, goals, strategies, future events or performance, and underlying assumptions. Forward-looking statements are often identified by the use of words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “would,” “could,” “should”, “estimate,” “plan,” “predict,” “project,” “estimate”, or “continue,” or similar expressions, including the negative of these terms or other comparable terminology.
Forward-looking statements are based on the Company’s current expectations regarding its strategy, plans, intentions, performance, or future occurrences or results, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of known and unknown risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results, performance, or achievements to materially differ from any future results, performance, or achievements expressed or implied by the forward-looking statements. Such risks, uncertainties and other factors include, but are not limited to our lack of operating history, our ability to attract new investments, our failure to manage growth effectively, our acquisition activities may pose risks that could harm our business, and our licensed AI may not perform up to the expected standards, as well as general business and economic conditions, competitive pressures, regulatory changes, technological developments, and other factors identified in the Company’s most recent filings with the U.S. Securities and Exchange Commission, including our Registration Statement on Form S-1, which are available for review at www.sec.gov. Furthermore, the Company operates in a competitive environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results.
The forward-looking statements in this press release are based on information available to us as of the date hereof, and we disclaim any intention to, and, except as may be required by law, undertake no obligation to, update or revise forward-looking statements to reflect events or circumstances that subsequently occur or of which the Company hereafter become aware. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.
Denver, Colorado–(Newsfile Corp. – June 17, 2026) – Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE) (“Elemental” or the “Company“) is pleased to announce the Company has been included in the list of additions to the Russell 3000®, Russell 2000® and S&P/TSX Global Gold Index.
S&P/TSX Global Gold Index Elemental is expected to be added to the S&P/TSX Global Gold Index, effective prior to the open of trading on Monday, June 22, 2026, as disclosed by S&P Dow Jones Indices on June 5, 2026. The S&P/TSX Global Gold Index is designed to provide investors with exposure to global gold securities and is widely followed by market participants seeking diversified exposure to the gold sector.
Russell 3000® and Russell 2000® Indexes Elemental is also expected to join the broad-market Russell 3000® Index and the small-cap Russell 2000® Index at the conclusion of the June 2026 Russell Reconstitution, effective after the U.S. market close on June 26, 2026.
The June reconstitution of the Russell US indexes captures up to the 4,000 largest U.S. stocks as of April 30, ranking them by total market capitalization. Membership in the Russell 2000® Index, which remains in place for half a year beginning 2026, is based on membership of the broad-market Russell 3000® Index. The Company will also automatically be added to the appropriate growth and value indexes.
S&P and Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2025, about $12.2 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider.
Elemental’s inclusion in these indexes marks another important milestone in the Company’s continued growth as an emerging mid-tier, gold-focused royalty company.
Elemental Chief Executive Officer, David M. Cole, commented: “Our inclusion in these indexes is recognition of Elemental’s growth and relevance within the global gold sector. These milestones broaden Elemental’s visibility with both Canadian and U.S. institutional and index-oriented investors. We remain focused on building a high-quality royalty platform that delivers immediate cash flow, diversified growth, and long-term discovery upside for shareholders.”
NASDAQ: ELE | TSX: ELE | ISIN: CA28620K1066 | CUSIP: 28620K106
About Elemental Royalty Corporation. Elemental is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the Company combines Elemental Altus’s track record of accretive royalty acquisitions with EMX’s strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production, and sector-leading management expertise.
Elemental trades on Nasdaq and on the Toronto Stock Exchange under the ticker Symbol “ELE”.
Vancouver, British Columbia–(Newsfile Corp. – June 17, 2026) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside” or the “Company”) is pleased to announce the appointment of Marco Strub as an Independent Director of the Company, effective immediately.
Marco is a long-time shareholder of Riverside and has worked with major European investment firms with vast connections in mining networks. He is principal of Sircon AG, a consulting and investment research company based in Zurich, Switzerland, and was formerly a partner of Exulta AG, a portfolio management company from 1997 to 2003. He is an Independent Director of Triumph Gold Corp., and Canada Zinc Metals Corp. (Formerly: Mantle Resources Inc.). He has also been a Director of Open Gold Corp (aka, Range Capital Corp) since 2009 and Mexigold Corp. (formerly, BCY Resources Inc.) since 2011. He served as a Director at Margaret Lake Diamonds, Inc. (JDV Capital Corp.) from 2011 to 2014, and as a Director of MVE Capital Corp. since 2007. He received a Master of Arts degree from the University of St. Gallen, Switzerland in 1982.
“We are pleased to welcome Marco to the Board,” commented John-Mark Staude, CEO of Riverside Resources. “His deep background in investment research, portfolio management, and capital markets, combined with his extensive experience serving on the boards of public mining companies, brings valuable perspective as Riverside continues to advance its project portfolio and partnership model. We look forward to his contributions and counsel.”
“Riverside has built a disciplined approach to project generation and value creation in the resource sector,” said Mr. Strub. “I am pleased to join the Board and to support the Company and its shareholders as it advances its exploration and partnership initiatives.”
Riverside would like to thank James Ladner for his service as a director. After choosing not to stand for re-election, James leaves behind a legacy of meaningful contribution where his deep expertise in accounting, mining finance, and the broader mineral business has been invaluable to the Company. While Mr. Ladner will no longer serve as a formal director, he will continue to share his insights and provide input to Riverside going forward.
Results of Annual General Meeting of Shareholders
The Company is pleased to provide the results of its Annual General Meeting of Shareholders which was held on June 4, 2026.
At the Annual General Meeting of shareholders, 6,365,550 shares were voted, representing 6.81% of the total 93,443,464 issued and outstanding shares, and the Company received majority shareholder approval for the following:
1. To set the number of directors at five (5):
2. Elected one new and re-elected four incumbent directors, total of five directors for the ensuing year as follows:
Director
Votes For
%
John-Mark Staude
6,358,050
99.88%
James Clare
6,358,050
99.88%
Walter Henry
6,358,050
99.88%
Bryan Wilson
6,358,050
99.88%
Marco Strub
6,358,050
99.88%
3. Appointment of Auditor: To appoint Davidson & Company LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year and to authorize the directors to fix their remuneration.
4. To consider, and if deemed advisable, pass an ordinary resolution, substantially in the form set out in the accompanying management information circular (the “Information Circular”), re-approving the continued use of Riverside’s stock option plan.
Details of the matters approved at the meeting are set out in the Company’s Information Circular dated April 20, 2026 and available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
About Riverside Resources Inc.
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a solid balance sheet with no debt and 93M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. Riverside has properties available for option, with information available on the Company’s website at www.rivres.com.
ON BEHALF OF RIVERSIDE RESOURCES INC.
“John-Mark Staude”
Dr. John-Mark Staude, President & CEO
For additional information, contact:
John-Mark Staude President, CEO Riverside Resources Inc. info@rivres.com Phone: (778) 327-6671 Fax: (778) 327-6675 Web: www.rivres.com
Eric Negraeff Corporate Communications Riverside Resources Inc. Eric@rivres.com Phone: (778) 327-6671 TF: (877) RIV-RES1 Web: www.rivres.com
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the risk that the Transaction will not be completed as contemplates, or at all, availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
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.
Toronto, Ontario–(Newsfile Corp. – June 15, 2026) – Coyote Copper Mines Inc. (TSXV: CCMM) (“CCMM” or the “Corporation”) announces upsizing its non-brokered financing to $8.5 million ($8,500,000)
The Corporation will issue up to 34,000,000 Units to be issued at a price of CAD$0.25 per Unit with each Unit consisting of one (1) fully-paid and non-assessable Common Share (a “CommonShare“) and one half (½) Common Share purchase warrant (a “HalfWarrant“) in the capital of the Corporation, for aggregate gross proceeds of up to $8,500,000 to be used for exploration and general corporate purposes (the “Offering“).
Two Half Warrants will entitle the holder thereof to purchase one common share (a “Warrant Share“) in the capital of the Corporation. Each Warrant will expire thirty six (36) months from the date of issue and will entitle the holder thereof to purchase one Common Share at a price of CAD$0.50 per Warrant Share within 36 months from the date of issue.
The Corporation may pay finder’s fees to arm’s-length third parties consisting of (i) cash commission of up to 7% of the gross proceeds of the Offering; and (ii) broker warrants (“Broker Warrants“) in an amount up to 7% of the total number of Units issued under the Offering.
Each Broker Warrant will expire 36 months from the date of issue (the “Broker Warrant Expiry Date“) and will entitle the holder thereof to purchase one Common Share of the Issuer at a price of $0.50 per Common Share at any time up until the Broker Warrant Expiry Date.
The closing of the final tranche of the Offering is expected to occur on or before June 16, 2026 (the “Closing Date“) or such other date as the Corporation may determine and is subject to Exchange approval.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Cautionary Statement Regarding Forward Looking Information
This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation.
Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding the Offering, the business plans and expectations of the Corporation and expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.
Investors are cautioned that forward-looking information is not based on historical facts but instead reflect management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects management’s current beliefs and is based on information currently available to them and on assumptions they believe to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to those set forth in the Filing Statement under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Corporation has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Corporation does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
Denver, Colorado–(Newsfile Corp. – June 11, 2026) – Elemental Royalty Corporation (TSX: ELE) (NASDAQ: ELE) (“Elemental” or the “Company“) is pleased to announce that it has filed Notice of Intention to Make a Normal Course Issuer Bid (“NCIB“) with the Toronto Stock Exchange (the “TSX“) and intends to transact the NCIB through the facilities of the TSX, the Nasdaq Capital Market (“Nasdaq“), other designated exchanges and/or alternative trading systems in Canada and the United States or by such other means as may be permitted under applicable securities laws during the term of the NCIB.
Pursuant to the NCIB, Elemental may, during a 12-month period commencing June 15, 2026, and ending June 14, 2027, purchase up to 3,222,537 common shares in the capital of the Company (the “Shares“), being up to 5% of Elemental’s issued and outstanding Shares as at June 4, 2026.
The Board of Directors of Elemental believes that, from time to time, the market price of the Shares may not fully reflect the underlying value of Elemental’s royalty portfolio, cash flow profile and growth prospects. Accordingly, Elemental believes that the NCIB provides an additional capital allocation tool and that purchasing its Shares may represent an appropriate and desirable use of corporate funds and an opportunity to enhance shareholder value.
The average daily trading volume (“ADTV“) of the Company’s Shares on the TSX for the period from April 7, 2026, to June 4, 2026, as calculated in accordance with TSX rules, was 43,645 Shares. Accordingly, purchases made through the facilities of the TSX will be subject to a daily purchase limit of 10,911 Shares, representing 25% of the ADTV, subject to certain permitted exceptions under TSX rules for larger block purchases. In addition to purchases made through the facilities of the TSX, the Company intends to purchase Shares through the facilities of the Nasdaq and other designated exchanges and/or alternative trading systems in Canada and the United States as part of its NCIB, subject to applicable securities laws and exchange requirements. Given that the substantial majority of the Company’s trading volume is conducted on Nasdaq, the Company expects that the majority of repurchases under the NCIB will be made through the facilities of Nasdaq.
The price that Elemental will pay for any such Shares will be the prevailing market price at the time of acquisition. The number of Shares which may be purchased pursuant to the NCIB, and the timing of any such purchases, will be determined by the Company’s management. Purchases under the NCIB will be made from time to time by Raymond James Ltd. (the “Broker“) on behalf of Elemental. All Shares purchased pursuant to the NCIB will be returned to treasury for cancellation. Elemental has not purchased any of its Shares in the previous 12-month period.
In connection with the NCIB, Elemental intends to enter into an automatic share purchase plan (the “Plan“) with the Broker to allow for purchases of the Shares during “blackout” or “closed” periods under Elemental’s stock trading policy. Such purchases would be at the discretion of the Broker on parameters established by Elemental prior to any blackout or closed period. The Plan may be terminated by Elemental or the Broker in accordance with its terms and will otherwise terminate on the expiry of the NCIB.
A copy of the notice filed with the TSX may be obtained by any shareholder of the Company without charge by contacting the Company.
TSX: ELE | NASDAQ: ELE | ISIN: CA28620K1066 | CUSIP: 28620K106
About Elemental Royalty Corporation. Elemental is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the Company combines Elemental Altus’s track record of accretive royalty acquisitions with EMX’s strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production, and sector-leading management expertise.
Elemental trades on Nasdaq and on the Toronto Stock Exchange under the ticker symbol “ELE”.
Cautionary note regarding forward-looking statements This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology (including negative and grammatical variations thereof).
Forward-looking statements and information include, but are not limited to, statements with respect to the purchase of Shares under the NCIB and the enhancement of shareholder value as a result thereof, the implementation of the Plan, the future growth, development and focus of the Company, and the acquisition of new royalties and streams. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.
Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental to control or predict, that may cause Elemental actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the impact of general business and economic conditions; the absence of control over the mining operations from which Elemental will receive royalties; risks related to international operations, government relations and environmental regulation; the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the impact of any pandemic or epidemic; economic uncertainties created by the war in Ukraine and hostilities in the middle-east including the military conflict in Iran; the possibility that future exploration, development or mining results will not be consistent with Elemental expectations; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; cybersecurity threats, security breaches and hacks; liability, competition, loss of key employees and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Elemental for the year ended December 31, 2025. Elemental undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represents management’s best judgment based on information currently available. No forward-looking statement or information can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
Neither the Nasdaq, nor the TSX or its Regulation Service Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.
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Vancouver, British Columbia–(Newsfile Corp. – June 9, 2026) – West Point Gold Corp. (TSXV: WPG) (OTCQX: WPGCF) (FSE: LRA0) (“West Point Gold” or the “Company”) is pleased to announce drill results from the high-grade zone at Northeast (NE) Tyro, part of the recently completed drill program at its flagship Gold Chain Project in Arizona. The two holes reported herein, GC26-134 and GC26-137, further confirm and validate the high-grade discoveries made via reverse circulation drilling (“RC”) at the NE Tyro Zone in drill core. The highlight intervals of 9.06 grams per tonne (“g/t”) gold (“Au”) over 19.7 metres (“m”) and 3.2 g/t Au over 35.7m are in line with or exceed many prior results and continue to showcase the robust widths and high-grade tenor of the system at NE Tyro.
The 2025/2026 drilling campaign, comprising RC (18,683.3m) and core (2,395.7m), has now been completed, with a total of 21,079 m drilled. Approximately 7,025m of assays are pending and will be released over the next couple of months. With this year’s drilling now complete, the team will focus on integrating the results into the Company’s maiden mineral resource estimate (“MRE”), expected to be released later in 2026.
Highlights:
Hole GC26-134 returned 19.7m of 9.06 g/t Au from 95.8 to 115.5m, about 20m above GC25-059 (15.3m of 7.02 g/t Au).
Hole GC26-137 returned 35.7m of 3.2 g/t Au from 53.2 to 88.9m, including 10.2m of 10.23 g/t Au, about 20m above GC25-047 (38.1m of 4.86 g/t Au including 10.7m at 8.64 g/t Au).
The two core holes were drilled across the high-grade zone previously defined by reverse-circulation drilling to provide improved confidence and context for the geologic, geometric, and gold-grade models.
“These results continue to highlight the high-grade nature of NE Tyro and the potential of this zone. Importantly, these core holes correlate well with proximal RC holes, providing confidence that the practices used for our RC drilling are producing representative results. With the 21,079m completed in the most recent drill campaign, we are now focused on analyzing the results for both our upcoming maiden resource estimate at Tyro Main and NE Tyro and the planning for our next drill program,” stated Derek Macpherson, President and CEO.
Table 1: Drill Results
Holes
From (m)
To (m)
Width (m)
Grade (g/t Au)
GC26-134
95.8
115.5
19.7
9.06
GC26-137
53.2
88.9
35.7
3.20
Including
66.4
76.6
10.2
10.23
Note: All widths shown are downhole; true widths are approximately 90% of downhole widths.
Figure 1: Plan view of the Main Tyro vein showing geology and drilling conducted in 2021, 2023, 2024, 2025, and 2026. Note the location of Hole Nos. GC26-134 and GC26-137.
Figure 2. Longitudinal perspective of the Tyro NE zone contoured GT (g/t Au X estimated true thickness). Both Holes GC26-134 and GC26-137 are contained within the GT >100 interval.
Summary Both Holes GC26-134 and GC26-137 targeted areas proximal to defined high-grade gold mineralization from previous drilling (Figures 3 and 4). Aside from Hole GC24-034 (Figures 2 and 4), all holes in this area have been RC. To ensure that best practices are being followed and that the RC drilling is producing consistent results, it was deemed important to cross-reference higher-grade portions with core where detailed documentation of recovery, RQD, vein styles, textures, and density occurred. In summary, these two holes support the emerging geologic and grade models generated to date and improve the definition of the high-grade gold mineralization in the NE Tyro zone at the Company’s Gold Chain project in Arizona. The two holes comprising this release represent 298.4m of the now completed 21,079m drill program.
Both holes share several similarities in sectional view (Figures 3 and 4). The NE Tyro vein is a robust, fairly uniform structure that dips to the SE at 70o to 75o, and ranges in width from 15 to 25 metres. The width of the mineralized package varies relative to the development of quartz veinlets and stockwork in the hanging wall (“HW”) and ‘outboard’ from the principal quartz vein/breccia at the footwall (“FW”). Precambrian granite, along with lenses or ‘xenoliths’ of gneiss, schist, and amphibolite, is the host rock. Perhaps most importantly, several intercepts are hosted by or adjacent to fine-grained (aphanitic) felsic dike (Miocene), likely rhyolite, forming quartz-calcite-cemented breccia and stockwork. This spatial coincidence may reflect a preference for the gold-bearing fluids to follow the dikes (more brittle) and/or the contact with the hosting Precambrian (likely broken and faulted). The modeling of these features in the upcoming weeks will provide greater insight into deeper targets.
As shown in Figures 2 through 5, both Holes GC26-134 and GC26-137 traverse the vein at about the same elevation (760 – 790m ASL) or about 100m below the surface. Quartz >> calcite veinlets in propylitized (chlorite + quartz + pyrite) Precambrian rocks define the distal zone of veining and increase with depth from a few percent to 25% with occasional gold values. The main mineralized zone commences with moderate to strong quartz-calcite veinlets, stockwork and breccia giving way to a multi-stage breccia zone up to the FW contact (Figures 5 and 6). Evidence of faulting (Miocene) and shearing in the Precambrian rocks suggest a pre-Tertiary origin for the controlling structures.
Figure 3. Geologic section drawn along GC26-134 showing vein and spatial relation to GC21-013, GC25-087, GC25-059, GC25-086, GC26-161 and GC26-168 and the surface.
Veins and breccia composing the NE Tyro vein are multi-stage and comprised of quartz-chalcedony-calcite (bladed)-adularia with only trace amounts of pyrite (Figures 5 and 6). Surface-related oxidation is minimal and only seen along post-mineral fractures. However, local intervals or breccia fragments of weakly iron-stained bladed calcite and quartz along with fine, quartz-hematite veinlets suggest an event of hydrothermal oxidation. Bladed calcite or “lattice texture” has developed in several stages and ranges from delicate bands within crustiform/coliform-banded chalcedony to coarse, angular fragments in late-stage breccia. Native gold (Figure 7) has been observed within minute dendritic growths of a black opaque, perhaps electrum or a sulfosalt. The documentation of these features may prove to be important as the Company evaluates events related to gold deposition at greater depths.
Breccia textures are prevalent in these holes and were developed during multiple events. Aside from fault breccia observed at the vein’s FW contact, the vein package consists of broad intervals of weak (further into the HW) to strong stockwork/breccia composed of fine- (chalcedony) to medium- (sucrosic) to coarsely-crystalline (comb) quartz veins and veinlets with subordinate amounts of calcite dominantly in a bladed habit and native gold (see Figure 7); adularia (?) likely occurs in select bands or vein fragments revealing a tan to light pink coloration. Some breccia masses are ‘jigsaw’ in character, suggesting little or no fragment transport. Other breccias are fine-grained, heterolithic, and reveal fluidal or ‘streaming’ textures suggesting considerable transport (and energy). The dominance of breccias at the FW portion of the vein complex suggests both recurrent movement and explosive events likely related to deeper fluid boiling and potential gold deposition.
Figure 4. Geologic section drawn along GC26-137 showing vein and spatial relation to GC21-014, GC25-047, GC25-081 and GC26-163 and the surface.
Figure 5. Photo GC26-134 showing a portion of the vein and corresponding gold values. Core reveals that the NE Tyro vein is a broad zone of multi-stage veins and breccia hosting a broad array of textures.
Figure 7. Photomicrograph (F.O.V. = ~6mm) of native gold within a dendritic growth of electrum and/or sulfosalt; GC26-137, 67.25m. Note bladed texture of quartz pseudomorphs after calcite.
Qualified Person Robert Johansing, M.Sc. Econ. Geol., P. Geo., the Company’s Vice President, Exploration, is a qualified person (“QP”) as defined by NI 43-101 and has reviewed and approved the technical content of this press release. Mr. Johansing has also been responsible for overseeing all phases of the drilling program, including logging, labelling, bagging and transport from the project to American Assay Laboratories of Sparks, Nevada. Drillholes have a diameter of about 10cm, and samples have an approximate weight of 5 to 10kg. Samples were then dried, crushed and split, and pulp samples were prepared for analysis. Gold was determined by fire assay with an ICP finish, and over-limit samples were determined by fire assay and gravimetric finish. Silver plus 15 other elements were determined by Aqua Regia ICP-AES (IM-2A16), and over-limit samples were determined by fire assay and gravimetric finish. Both certified standards and blanks were inserted on site along with duplicates, standards and blanks inserted by American Assay. The results summarized above have been carefully reviewed with reference to the QA/QC results. Standard sample chain of custody procedures were employed during drilling and sampling campaigns until delivery to the analytical facility.
About West Point Gold Corp. West Point Gold is an exploration and development company focused on unlocking value across four strategically located projects along the prolific Walker Lane Trend in Nevada and Arizona, USA, providing shareholders with exposure to multiple discovery opportunities across one of North America’s most productive gold regions. The Company’s near-term priority is advancing its flagship Gold Chain Project in Arizona.
For further information regarding this press release, please contact: Aaron Paterson, Corporate Communications Manager Phone: +1 (778) 358-6173 Email: info@westpointgold.com
FORWARD-LOOKING STATEMENTS: Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events including, among others, assumptions about future prices of gold, silver, and other metal prices, currency exchange rates and interest rates, timing of the Company’s maiden resource estimate, favourable operating conditions, political stability, obtaining government approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, availability of drill rigs, and anticipated costs and expenditures. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties relating to West Point Gold’s ability to complete any payments or expenditures required under the Company’s various option agreements for its projects; and other risks and uncertainties relating to the actual results of current exploration activities, the uncertainties related to resources estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; risks relating to grade and continuity of mineral deposits; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; uncertainty related to the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results may vary from those expected; statements about expected results of operations, royalties, cash flows, financial position may not be consistent with the Company’s expectations due to accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and regulatory restrictions, including environmental regulatory restrictions. The possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company’s expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); metal price fluctuations; environmental and regulatory requirements; availability of permits, failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; fluctuating gold prices; possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration and development industry, and those risks set out in the filings on SEDAR+ made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate press release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation.
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.
Vancouver, British Columbia–(Newsfile Corp. – June 9, 2026) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (“Riverside” or the “Company”), is pleased to announce that the Second Phase drill program has commenced at the Union Project in northwest Sonora, Mexico. This work is being carried out by the Company operating in partnership with Questcorp Mining Inc. (CSE: QQQ), which is earning into the project through an option agreement from Riverside (press release, May 6, 2025).
Program Highlights
Fully Funded Program Underway: A ~1,500-metre diamond drill program across 8 to 10 holes, each averaging 180 metres in depth, is fully funded and requires no near-term dilutive financing.
Expanding Phase 1 Discoveries: Drilling is designed to expand zones of mineralization, including those intercepted during the Phase 1 program with results announced in January 2026, and to test new areas developed during the winter 2026 field program.
District-Scale Target Testing: The program tests new targets and explores areas surrounding multiple historical mine workings across the 25 km² La Union project area.
Two Mineralization Styles: Holes will test both the sediment-hosted gold mineralization identified in Phase 1 and carbonate-hosted replacement deposit (CRD) gold-silver-zinc mineralization, where gold is associated with mantos, chimneys, and structural zones.
Structurally Targeted Drilling: Angled holes are oriented to intersect stratigraphic and structural targets at high angles, as is typical in CRD systems. Structural features interpreted as potential mineralizing conduits are a key focus of the program for high grade gold and zinc.
Advanced Target De-Risking: Final drill positioning integrates property-wide structural mapping, 248 line-km of drone aeromagnetic coverage, and a recently completed property-wide induced polarization (IP) survey.
Geological Analog: La Union’s CRD and sediment-hosted gold systems share geological characteristics with significant deposits in northern Mexico and the southwestern United States.
Continuous News Flow: Exploration is coordinated with partner Questcorp Mining Inc. (CSE: QQQ), supporting milestone-driven news flow through summer 2026.
The exploration work over the past four months by Riverside has improved the understanding of the structural geology and stratigraphy of the project. The Union district lies along the flanks of this range with host stratigraphy that has now been studied for target layers that can host large bulk tonnage gold potential as found in Paleozoic sedimentary host units in Nevada and similarly in Sonora, Mexico. The improved mapping and detailed sampling underground delivered a better understanding of the chimney and manto aspects which include the structural feeder zones and post mineral faults. The exploration target focus is for a large potential gold discovery that expands from previous smaller scale mine operations on the property. Phase 2 drilling is intended to test the new concepts and expand beyond these past mining sites.
“We are exceptionally well-positioned to move ahead with this second phase of drilling, deploying 1 to 2 high-impact holes per target area to evaluate the deep root potentials of these sediment-hosted and CRD targets well beyond legacy past-mining boundaries,” said John-Mark Staude, CEO of Riverside Resources. “Advanced structural synthesis led by Riverside’s Alejandro Gracida has successfully pinned down the primary northwest-trending fault structures, which are interpreted to act as the primary structural plumbing and corridors for wide zones of high-grade feeder gold mineralization. The comprehensive IP Survey completed last week feeds directly into our real-time targeting models, and the program is advancing with rapid operational efficiency.”
“Today marks a transformative milestone for Questcorp as we transition from a successful target generation phase into aggressive discovery drilling,” said Saf Dhillon, President & CEO of Questcorp Mining. “Over the past several months, our integrated technical teams alongside our partners at Riverside have unlocked the true scale of the La Union district. Every layer of new data, from structural mapping to our newly completed IP geophysics, points toward a vast, interconnected mineralized system that remains largely untouched at depth.”
The drill program covers more than five target areas. It begins with follow-up at the Union Mine, where prior drilling resolved key stratigraphic and orientation questions, allowing this round to step out into ground adjacent to past mining. Underground work identified large-scale alteration and indications of a mineralized system, making this one of several priority areas. The high-grade gold-silver chip channel samples taken underground at the Union Mine will now be followed up with drilling.
The second phase of drilling will follow up on Phase 1 results and on the broader targets developed through the spring 2026 field exploration program. Phase 2 will consist of one to three holes per area, primarily for orientation and to expand on the Phase 1 drilling. Follow-up drilling beyond Phase 2 is planned and can be expanded based on results and on the geophysics completed over the past several months. The detailed stratigraphy, lithology, and structural framework developed by the Riverside geological team specifically targets high-grade, favorable horizons for sediment-hosted gold mineralization and CRD. The five target areas outside of the Union Mine are as follows:
Union Main Mine – JalesArea – The program will use targeted drill holes to test limestone and other carbonate stratigraphic hosts within the Clemente Formation, with the potential to reach the underlying Caborca Formation. These units are considered the primary hosts for replacement-style mineralization and have gold, silver and zinc in oxide mineralization in the mine and could be potentially extensive.
North Union Mine – Negra Area – The initial focus of the program will be on testing structural interpretations of NW fault feeder zones. The new Negra zone has provided gold mineralization in samples and now can be a new drill area which has never been tested.
Luis Hill- Alej Hill Area – The upper part of the Clemente Formation revealed sediment hosted gold in Phase 1 drilling allowing the follow up work to potentially expand upon that. The geology team has carefully mapped the stratigraphy and structure geology northward for over 2 kilometers and this target could have vast potential. Careful structural mapping has found some critical cross feeder structures which the team will now target during this phase.
Cobre MineArea – The Clemente Formation is the primary host unit, and structural features combined with areas of past mining provide multiple target zones that can now be followed up after Phase 1 drilling. The careful 1:1000 mapping by Gracida across the NW features, along with detailed alteration mapping, gives Questcorp the best chances for success from their investment through Riverside in this work.
JabaliArea – The primary targets are NW-striking structural veins, with 200 m of strike length identified to date and a surface width of 30 m across a series of low-sulfidation epithermal quartz veins. High-grade assays of over 5 g/t Au have been returned from this area. Drilling at Jabali during this phase will focus on two holes: one testing the vein target and one testing the source target. Detailed maps and cross-sections for each target have been prepared ahead of drilling to best define the conceptual targets.
General Overview of La Union Project
The Project is summarized in a recently published NI 43-101 Technical Report and, more briefly, on the Riverside website. Riverside initially acquired the Project and subsequently consolidated additional inlier mineral claims to build a strong land position. The company then advanced the Project through surface access agreements and drill permitting, making it a turnkey exploration opportunity for the Optionee.
The Project was originally identified through Riverside’s exploration work in the western Sonora Gold Belt, conducted in collaboration with AngloGold Ashanti Limited, Centerra Gold Inc., and Hochschild Mining Plc. Earlier PhD research by Riverside founder John-Mark Staude also contributed to recognizing the district’s potential. Initial work by members of the Riverside team, drawing on more than two decades of geological compilation and analysis, further confirmed the region as highly prospective.
At the Project, historical mining by Peñoles targeted chimney and manto-style replacement bodies within the upper oxide zones. As a result, the underlying sulfide zones represent immediate drill targets for further exploration.
The Project features favorable limestone host rocks, an extensive alteration footprint, and multiple small-scale historical workings, with mineralization styles similar to those at the Hermosa Project in southern Arizona. At Hermosa, South32 is advancing mine development after acquiring the project from Arizona Mining for over $400 million, and Hermosa is now considered one of Arizona’s most promising upcoming mining operations.
At La Union, immediate drill targets offer the potential for significant-scale discoveries. The Project is well positioned for near-term exploration results, with targets that include both oxide and deeper sulfide mineralization.
Figure 1. Geologic map with the tenure of the Union with the updated field mapping work done for the entire project. The drill program will focus on the targets shown.
Figure 2. Drill sites and geology planned for Phase 2 with the detailed recently updated stratigraphy to focus on CRD style and sediment hosted gold type discoveries.
Figure 3. Cross Section of the Union Mine target area where the first 2 drill holes are planned with the first one more northward already underway and intersecting limestones and mineralization indicators as expected near this past mine operation.
The scientific and technical data contained in this news release pertaining to the Project was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources Inc., who is responsible for ensuring that the information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Rock samples from previous exploration programs discussed above at the Project were taken to the SGS Laboratory in Hermosillo, Mexico for fire assaying for gold and ICP-ES for the multi-element package. The rejects remained with Riverside offices in Hermosillo. The ICP/ES analysis using 4-acid digestion methods has been used consistently for the program. A QA/QC program is continued as part of the sampling procedures for the exploration program. Standards were randomly inserted into the sample stream prior to being sent to the laboratory. Blanks and duplicates are run systematically with the QA-QC procedure in the sample stream.
About Riverside Resources Inc.
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a solid balance sheet with no debt and 93M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. Riverside has properties available for option, with information available on the Company’s website at www.rivres.com.
ON BEHALF OF RIVERSIDE RESOURCES INC.
“John-Mark Staude”
Dr. John-Mark Staude, President & CEO
For additional information contact:
John-Mark Staude President, CEO Riverside Resources Inc. info@rivres.com Phone: (778) 327-6671 Fax: (778) 327-6675 Web: www.rivres.com
Eric Negraeff Corporate Communications Riverside Resources Inc. Eric@rivres.com Phone: (778) 327-6671 TF: (877) RIV-RES1 Web: www.rivres.com
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the risk that the Transaction will not be completed as contemplates, or at all, availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
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.
Rocket-free reusable Mach 4+ launches and 90-minute relaunchs open path to affordable, repeatable and scalable hypersonic and suborbital missions
What changes the conversation is this: we took a reusable launch system beyond Mach 4 twice before lunch. We’re building a system designed to launch again and again.”
— Mark Russell, CEO General Hypersonics
SPOKANE, WA, UNITED STATES, June 5, 2026 /EINPresswire.com/ — HyperSciences, Inc., doing business as General Hypersonics, successfully conducted two launches exceeding Mach 4 from the same reusable launch system, with the second launch occurring approximately 90 minutes after the first. The achievement sets another ram-accelerated mass-to-velocity milestone and advances the company’s goal of making high-cadence hypersonic and suborbital launch operations affordable and repeatable. The flights were conducted under the company’s U.S. Department of Defense Phase II Small Business Innovation Research (SBIR) contract, awarded in 2025.
Mach 4 (about 3,100 mph) is more than four times the speed of sound, while hypersonic flight is generally defined as Mach 5 and above. At Mach 4, a vehicle could theoretically travel across the continental United States in less than an hour, illustrating the significance of sustained high-speed flight.
General Hypersonics Ram Accelerator at HyperLab
The demonstration highlights a fundamentally different approach to flight testing: the ability to rapidly reset, reload and relaunch the same reusable system multiple times per day. As government and commercial organizations seek more affordable access to high-speed testing and more responsive paths to space, higher launch cadence has the potential to accelerate technology development, expand testing capacity and reduce costs.
While many high-speed and hypersonic test programs rely on complex launch infrastructure, including carrier aircrafts and rocket boosters, and specialized ranges and extensive mission planning, General Hypersonics completed both launches from the same reusable platform in approximately 90 minutes. Both launches were conducted using manual loading procedures, with automated loading systems currently under development to further improve turnaround times and increase launch cadence.
“What changes the conversation is this: we took a reusable launch system beyond Mach 4 twice before lunch,” said Mark Russell, founder and chief executive officer of General Hypersonics. “Most launch systems are designed around a single mission. We’re building a system designed to launch again and again. That’s what ultimately enables more affordable testing, faster technology development and a practical path toward responsive access to space.”
Funded through private investment and government contracts and grants, the company’s ram accelerator technology accelerates payloads through a reusable launch tube powered by clean combustible gases — eliminating the need for a first-stage rocket booster and toxic propellants. Designed to reload quickly, launch frequently and operate from fixed or mobile sites on land or at sea, the platform is being developed and tested at HyperLab, General Hypersonics’ reusable open-air launch facility.
Today’s record builds on a series of firsts: the company’s ongoing DoD contract with earlier Mach 3 flight milestones, onboard electronics carried successfully through the tube, and clean payload separation. It also follows the company’s selection earlier this year as a prime awardee on the Missile Defense Agency’s SHIELD IDIQ contract vehicle, and a NASA Phase I vertical launch that proved the system’s scalability toward space. The company is actively engaging government, commercial and research customers seeking affordable access to repeatable high-speed flight-testing environments.
With Mach 4 repeatability now demonstrated, General Hypersonics is turning its focus to increasing automation, expanding flight operations and moving beyond high-speed testing into routine suborbital flight operations.
“Our goal isn’t simply to go faster,” Russell said. “It’s to make high-speed flight and access to space more routine. The next step is demonstrating that we can move from repeatable Mach 4 launches to repeatable suborbital operations. What’s ahead is our 10-in-10 campaign — 10 launches to suborbital space in 10 days. If we can achieve that, it changes what’s possible for hypersonic testing, scientific missions, and responsive access to space.”
For investor and partnership inquiries, contact investors@generalhypersonics.com.
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South Jordan, Utah and Vancouver, British Columbia–(Newsfile Corp. – June 4, 2026) – Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) (“Sage Potash” or the “Company”) announces revised terms to the Plant and Equipment Purchase with International Process Plants and Equipment Corp. (“IPP”) which had a previous effective date of July 1, 2025 as disclosed in the Company’s quarterly financial statement (see September 30, 2025 financial statements filed on Sedar+) and originally announced September 8, 2024 (the “June 4th Purchase Agreement”).
The plant and equipment consist of refurbished and used equipment that IPP stores in the Netherlands and the United States. It consists of three evaporators that together could form a triple effect evaporator system, three crystallizers and various ancillary equipment including pumps, centrifuges and tanks. When installed in a unified manner, the equipment makes up a plant that could process brines with a design capacity of up to 300,000 tonnes per year of potash output.
TERMS
The June 4th Purchase Agreement confirms the purchase price of € 11 million (the “Purchase Price”) and includes the following core terms:
The Company will make a current payment of € 1,280,000 (note: the Company has previously made deposits of € 838,000);
Of the current payment, the parties will apply € 987,000 to the principal balance of the Purchase Price and € 293,000 to storage fees and interest. The balance of the Purchase Price after this current payment will therefore be € 9,173,000;
Payment of current and future storage fees of € 11,900 per month;
Recognition of € 555,000 in accrued but unpaid interest and payment of some or all of this amount between now and October 2026 from any cash inflows from financing activities including any proceeds of warrant or option exercises (the “Interim Paydown”);
From the Company’s next financing, if conducted before April 2027, payment of € 555,000 less the Interim Paydown and allocation of 20% of the financing proceeds towards the balance of the Purchase Price; and
The Company must pay the balance of the Purchase Price by April 30, 2027, with an outside date of July 15, 2027.
In a separate agreement that is subject to TSX-V approval, Sage Potash and IPP have agreed that up until the balance of the Purchase Price is paid, IPP will have the right to convert up to 50% of the then balance of the Purchase Price into common shares at C$0.25/share, subject to a maximum share issuance to IPP of 15% of the Company’s then issued and outstanding common shares.
OVERALL STRATEGY
Management and the Board’s primary objective remains the successful completion of the Company’s Summer 2026 drill program at the Sage Plain Potash Project, aimed at expanding the resource footprint and increasing overall resource confidence levels. Upon completion of the program, the Company intends to engage independent consultants to prepare an updated resource estimate incorporating the newly acquired drilling data.
With an updated resource in hand, Sage Potash plans to advance into various engineering and technical studies leading toward a Pre-Feasibility Study (“PFS”), and ultimately a Feasibility Study (“FS”). Management is evaluating development scenarios significantly larger than the initial 150,000 to 300,000 tonne-per-year operation contemplated in the Company’s September 2025 Preliminary Economic Assessment (“PEA”).
Importantly, the September 2025 PEA already contemplated the use of the processing plant equipment that is the subject of the Company’s June 4th Purchase Agreement.
Management believes securing this equipment under the June 4th Purchase Agreement provides Sage Potash with significant strategic optionality as the Company advances toward potential production. While certain equipment components could support a unified pilot-scale or initial production operation, they could also be integrated into a substantially larger-scale development scenario. This flexibility is expected to enhance project scalability while potentially accelerating the timeline between feasibility studies, construction, and the commencement of production.
RATIONALE OF THE PURCHASE TERMS
The equipment and plant purchase terms scale the Company’s capital requirement in sync with the timing of developing a larger resource and moving the project through PFS and FS stages. Further, IPP initiated the discussion to have an avenue to become a meaningful shareholder in the Company in relation to the plant and equipment purchase. This engenders not only tremendous alignment but also shows strong belief in the Sage Plain Project and management’s advancement plan. We thank IPP for their patience and diligence in working with us to revise the June 4th Purchase Agreement for mutual benefit.
About Sage Potash Corp.
Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) is dedicated to the development of its flagship Sage Plain Potash Project, located in the Paradox Basin, Utah. With a large and high-grade resource base, the Company is advancing toward its goal of establishing a secure and sustainable domestic potash production platform in the United States. Sage Potash is committed to food security, environmental stewardship, and creating value for shareholders and stakeholders alike.
On Behalf of the Board of Directors, J. Patricio Varas, CEO and Director 1 (236) 521-1521 Website: www.sagepotash.com
For media inquiries, please contact: Marcus van der Made, Investor Relations IR@sagepotash.com
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 contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this news release includes, but is not limited to, statements with respect to future events or future performance of Sage Potash, including making certain future payments, conducting updated resource calculations, engineering studies, feasibility studies, pilot production and commercial production. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading “Risk Factors and Uncertainties” in the Company’s Management’s Discussion & Analysis available for review under the Company’s profile at www.sedarplus.ca. Such forward-looking information represents management’s best judgement based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
