VANCOUVER, British Columbia, July 14, 2025 (GLOBE NEWSWIRE) — Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that it has entered into an investor relations agreement (the “Agreement”) with Matthews Investments, to provide investor relations services to the Company, as defined in accordance with the policies of the TSX Venture exchange (“TSXV”) and applicable securities laws. Matthews Investments will receive consideration of C$7000/month, payable monthly in arrears, for an initial term of three months, with the option for the Company to renew on a quarterly basis thereafter.
Matthews Investments, a company based in Vancouver, British Columbia, provides IR consulting services for public companies. Founding CEO, Richard Matthews, is an IR expert with more than 15 years of experience and with deep expertise in the mining industry. He has held senior management and board roles at Canadian publicly listed companies and has run highly successful, international IR programs. Neither Matthews Investments nor any of its principals hold, directly or indirectly, any securities of Apollo, however, they have advised that they may participate in a future financing or acquire shares in the open market.
The Agreement is subject to the approval of the TSXV.
About Apollo Silver Corp.
Apollo has assembled an experienced and technically strong leadership team who have joined to advance quality precious metals projects in sought after jurisdictions. The Company is focused on advancing its portfolio of two prospective silver exploration and resource development projects, the Calico Project, in San Bernardino County, California and the Cinco de Mayo Project, in Chihuahua, Mexico.
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.
Silver bars stacked by Walter Freudling via Pixabay
Andrew Hecht
Fri, July 18, 2025 at 12:34 PM EDT
A May 27, 2025, Barchart article on silver, I concluded with:
With silver over the $32 per ounce level, the critical upside target is the $37.58 technical resistance level. Silver’s relative value versus gold, the fundamental deficit, and the path of least resistance of silver prices since the 2020 low all point to a break above the resistance and a challenge of the 2011 and 1980 highs. However, buying on price weakness will likely remain optimal in the volatile silver market.
Nearby COMEX silver futures were at the $33.525 per ounce level on May 27. On July 8, my Q2 precious metals report on Barchart highlighted silver’s Q2 bullish key reversal pattern. I concluded with:
I remain bullish on the precious metals sector, but even the most aggressive bull markets rarely move in straight lines. Buying on price corrections has been optimal in gold since the 1999 low, and I expect that trend to continue in gold, silver, platinum, and palladium over the coming months.
Silver closed Q2 at $35.852 per ounce and was over the $38.50 level on July 18. Silver prices continue to make higher highs in July, with the price rising to a fourteen-year peak.
Silver futures approach the $40 per ounce level
The ten-year monthly COMEX silver futures chart highlights the precious metals’ ascent since the 2020 pandemic-inspired low of $11.64 per ounce.
The chart shows the pattern of higher lows and higher highs that has taken silver futures 240% higher to its latest high of $39.57 on July 14, 2025. Silver has more than tripled in value since its 2020 low.
The next technical targets are around the $50 level
The quarterly continuous futures contract chart indicates that silver has broken out, with its next critical technical targets located around the $50 per ounce level.
As the chart shows, at over $38.50 per ounce, silver is at a fourteen-year high, with the next upside target being the 2011 high of $49.82, which is a gateway to challenging the 1980 all-time high of $50.32 per ounce.
Fundamentals and technicals have aligned
While the technical trend is clearly bullish at a fourteen-year peak and after the Q2 quarterly bullish key reversal pattern, silver’s fundamentals have aligned with the price action. In January 2025, the Silver Institute forecasted a deficit in the silver market, with annual demand at 1.20 billion ounces and demand at 1.05 million ounces. The 150 million-ounce shortfall is the fifth consecutive year that silver demand will outstrip supplies.
When the technicals and fundamentals align, the results can turn parabolic. Silver’s latest peak was just below $40 per ounce, and the technical break with fundamentals winds in the precious metal’s sails could ignite a substantial rally that breaks through the 1980 peak like a hot knife sliced through butter.
Higher silver prices may only exacerbate the fundamental deficit
While the fundamental forecast was for a 150 million ounce shortfall in 2025, it does not account for the potential of skyrocketing investment and speculative demand. Silver is a highly volatile precious metal that could attract a herd of buyers as the price continues its upward trajectory. Therefore, the most bullish factor could be the higher path of least resistance that fuels further rallies.
Silver open interest, the total number of open long and short positions in the silver futures market, rose to a record 229,680 contracts in 2019. At 172,865 contracts on July 17, 2025, the futures arena has lots of upside room as speculative interest increases.
Meanwhile, Mexico remains the leading silver-producing country.
Source: worldpopulationreview.com
In July, the U.S. administration announced a 50% tariff on copper, after excluding the base metal from the trade barrier in April. Copper futures exploded to a new record peak after the July tariff announcement. If the administration takes a similar stance on silver and the other precious metals, futures prices could take off on the upside. The bottom line is that tariffs and silver’s bullish trend could attract a herd of speculative buying, causing silver prices to rise, perhaps substantially, past the 1980 peak.
Silver is a highly volatile precious metal- A new high will send a significant signal to all markets
Silver is a highly volatile precious metal. While gold’s monthly historical volatility is around 13.28%, silver’s is 23.57%. Silver’s price tends to move more than gold’s price on a percentage basis.
Even the most aggressive bull markets rarely move in straight lines, as periodic corrections are routine events. Since the 2020 bottom, buying silver on price weakness has been optimal, and I expect that to continue.
If silver takes off and the price rises above the 1980 peak, it will further validate the decline in the value of fiat currencies. Gold has already surpassed the euro as the world’s second-leading reserve currency, as central banks continue to increase their gold holdings and validate gold as a reserve asset. Silver has a history dating back thousands of years to pre-Biblical times, as gold’s partner as a means of exchange or as hard money. A new high in silver will only exacerbate the decline in fiat currencies, which derive their value from the full faith and credit of the governments that issue legal tender and sovereign debt securities.
Silver could be on its way to new highs as fundamentals and technicals point to a challenge of the 2011 and 1980 highs. However, the decline in fiat money adds another dimension to silver’s potential in the current economic and geopolitical environment.
On the date of publication, Andrew Hecht did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.comView Comments (4)
The European Union still wants a trade pact with the US, but the bloc said to be readying its counterattack as President Trump plays hardball and makes a no-deal outcome more likely.
EU member states are pushing for new and stringent measures to retaliate against US companies, The Wall Street Journal reported, while its officials are meeting this week to draw up a plan for reprisals, per Bloomberg.
“If they want war, they will get war,” a German official told the WSJ, while noting there was still time to hammer out a deal.
Trump is reportedly pushing for higher blanket tariffs on imports from the EU, throwing a wrench in negotiations ahead of an Aug. 1 deadline for sweeping duties to take effect.
The Financial Times reported that Trump wants a minimum of a 15% to 20% tariff on EU goods as part of any deal. Trump has threatened the bloc with 30% duties beginning Aug. 1. That is the date he is also set to impose tariffs on an array of other trading partners, as well as potential sectoral levies on copper, pharmaceuticals, and semiconductors.
Trump said last week he would soon send letters to over 150 smaller US trade partners, setting blanket tariff rates for that large group.
Trump has already sent letters to over 20 trade partners outlining tariffs on goods imported from their countries. The letters set new baseline tariff levels at 20% to 40% — except for a 50% levy on goods from Brazil in a move that waded into the country’s domestic politics.
On July 10, Trump announced a 35% tariff on Canadian goods and followed that up with promises of 30% duties on Mexico and the EU. The letters have at times upended months of careful negotiations, with Trump saying he is both open to reaching different deals but also touting his letters as “the deals” themselves.
Treasury Secretary Scott Bessent on Monday said the administration is “more concerned with high quality deals than getting these deals done by Aug. 1.”
Looking ahead to the holiday season, some retailers are struggling to prepare, not knowing whether products like toys and artificial Christmas trees might be available to import, and what the tariffs might be on a given country.
Kelowna, British Columbia–(Newsfile Corp. – July 21, 2025) – F3 Uranium Corp(TSXV: FUU) (OTCQB: FUUFF) (“F3” or “the Company“) is pleased to announce that geochemistry results from re-logging and maiden geochemical analysis of historic holes on the Broach property have returned 423ppm uranium over 0.5m, 1.2km southeast along strike from the recently discovered Tetra Zone (See Figure 1 This development has significantly increased the prospective strike length of the mineralized corridor which hosts the Tetra Zone, where drilling is currently in progress.
The F3 team completed comprehensive re-logging of historic drillholes on the Broach property, including PAT-15-001, PAT-16-002 and PAT-16-004 (See Photo 1). Re-logs noted intense clay alteration and bleaching around the Athabasca Unconformity, including fracture-controlled silicification, particularly in PAT-16-002; these are features often found in proximity to uranium mineralization. Drill holes were re-sampled following F3’s internal sampling procedures and geochemical results are highlighted by drillhole PAT-16-002 which returned 423ppm uranium over 0.5m from 164.5 to 165.0m. PAT-16-002 is located 1.2km to the southeast of Tetra zone (See Figure 1.)
Hole PLN25-201, drilled earlier this year, which we interpret to have overshot the ground conductor, was collared approximately 300m to the northeast of PAT-16-002 and displays similar alteration including intense bleaching and alteration just below the unconformity.
Highlights of historic drill core analysis:
PAT-16-002:
5.5m @ 63ppm U (160.0m to 165.5m), including:
0.5m @ 423ppm U (164.5m to 165.0m)
Sam Hartmann, Vice President Exploration, commented:
“In 2016, a previous operator cored two drill holes targeting gravity anomalies approximately 1.2 km southeast of the Tetra Zone. One of these, PAT-16-002, was drilled 300 meters from our recent PLN25-201 hole, which was the first hole to target the ground conductor we defined last winter, and now host to the Tetra Zone. As no core samples from these historic holes were previously sent for analysis, F3 conducted geological re-logging and then maiden geochemical core sample analysis of the PAT-16-002 and PAT-16-004 cores. In PAT-16-002 we recognized strong clay alteration in the upper basement, with a 0.5-meter interval returning 423 ppm uranium—the highest uranium value recorded in any single exploration core sample from the PLN Project, outside of the JR and Tetra Zones. Only three other core samples across the project have approached this level, including one from PLN14-019 at 397 ppm, which sparked the 2022 exploration of the A1 conductor and lead to the discovery of the JR Zone, and two from PLN24-152, which intersected 0.014% U3O8 over 7 meters, including 0.051% U3O8 over 0.5 meters (see July 30, 2024, news release). The striking similarity in lithologies and alteration styles coupled with highly anomalous uranium values over a 1.2 km distance reinforces our belief of a potentially expansive mineralized system along strike from Tetra, significantly enhancing further discovery potential.”
Map 1. Tetra Zone Area – Prospective Strike Extension
Samples from the drill core are split into half sections on site. Where possible, samples are standardized at 0.5m down-hole intervals. One-half of the split sample is sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK while the other half remains on site for reference. Analysis includes a 63 element suite including boron by ICP-OES, uranium by ICP-MS and gold analysis by ICP-OES and/or AAS.
All depth measurements reported are down-hole and true thicknesses are yet to be determined.
About the Patterson Lake North Project:
The Company’s 42,961-hectare 100% owned Patterson Lake North Project (PLN) is located just within the south-western edge of the Athabasca Basin in proximity to Paladin’s Triple R and NexGen Energy’s Arrow high-grade uranium deposits, an area poised to become the next major area of development for new uranium operations in northern Saskatchewan. The PLN Project consists of the 4,074-hectare Patterson Lake North Property hosting the JR Zone Uranium discovery approximately 23km northwest of Paladin’s Triple R deposit, the 19,864-hectare Minto Property, and the 19,022-hectare Broach Property hosting the Tetra Zone, F3’s newest discovery 13km south of the JR Zone. All three properties comprising the PLN Project are accessed by Provincial Highway 955.
Qualified Person:
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and approved on behalf of the company by Raymond Ashley, P.Geo., President & COO of F3 Uranium Corp, a Qualified Person. Mr. Ashley has reviewed and approved the data disclosed.
About F3 Uranium Corp.:
F3 is a uranium exploration company, focusing on the high-grade JR Zone and new Tetra Zone discovery 13km to the south in the PW area on its Patterson Lake North (PLN) Project in the Western Athabasca Basin. F3 currently has 3 properties in the Athabasca Basin: Patterson Lake North, Minto, and Broach. The western side of the Athabasca Basin, Saskatchewan, is home to some of the world’s largest high grade uranium deposits including Paladin’s Triple R project and NexGen’s Arrow project.
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the suitability of the Properties for mining exploration, future payments, issuance of shares and work commitment funds, entry into of a definitive option agreement respecting the Properties, are “forward-looking statements.” These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The TSX Venture Exchange and the Canadian Securities Exchange have not reviewed, approved or disapproved the contents of this press release, and do not accept responsibility for the adequacy or accuracy of this release.
F3 Uranium Corp. 750-1620 Dickson Avenue Kelowna, BC V1Y9Y2 Contact Information Investor Relations Telephone: 778 484 8030 Email: ir@f3uranium.com
ON BEHALF OF THE BOARD “Dev Randhawa” Dev Randhawa, CEO
VANCOUVER, British Columbia, July 21, 2025 (GLOBE NEWSWIRE) — Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture Exchange: FNC) announces that at the Annual General Meeting (“AGM”) of the shareholders of The Magpie Mines Inc. (“Magpie Mines”) held on July 17, 2025 in Montréal, Québec, the shareholders of Magpie Mines voted to set the number of Directors at three and to elect Rajesh Sharma, Mark Billings and Charles Tarnocai as the Directors of Magpie Mines.
Magpie Mines has appointed the following officers: Mark Billings as Chairman, Rajesh Sharma as President and Chief Executive Officer, Arnab Kumar De as Chief Financial Officer and Debra Chapman as Corporate Secretary.
“We are pleased to announce that Fancamp has regained control of Magpie Mines, which holds the Magpie deposit—one of the world’s largest undeveloped hard rock iron-titanium historic deposits, located in Havre St-Pierre region, a district recognized for its world-class mineral resourcesandunique geology. Given titanium’s strategic importance as a critical mineral in light of the global supply chain challenges, the Corporation will determine the next steps to advance this asset,” stated Rajesh Sharma, President and CEO of Fancamp.
The Corporation holds approximately 96% of the issued and outstanding shares of Magpie Mines, along with a 2% net smelter return royalty on the significant Magpie Titanium property.
The Magpie Fe-Ti-V deposit is one of the world’s largest undeveloped titanium resources(Woodruff et al., 20171) and one of the world’s largest vanadium deposits (based on data in Kelley et al., 20172). The project is located 90 kilometres north of Rio Tinto’s Lac Tio titanium mine and just 10 kilometres west of a Hydro Québec transmission line from the Romaine 4 generating station.
The Magpie Project is made up of Magpie 1, Magpie 2 and Magpie 3 deposits. The Magpie 2 deposit hosts an Historical Mineral Resource Estimate of 635.2 million tonnes grading 42.49% Fe, 11.20% TiO₂, and 0.3% V₂O₅ in the indicated category, with an additional inferred resource of 239.2 million tonnes grading 42.29% Fe, 11.21% TiO₂, and 0.32% V₂O₅ (the “Historic Estimate”) (see April 18 and June 1, 2012, press releases). This Historic Estimate predates the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources and Mineral Reserves (2014). A qualified person has not completed sufficient work to classify this historical estimate as current mineral resources or mineral reserves, the Corporation is not treating it as such and accordingly, it should not be relied upon. In order to verify the Historic Estimate, a qualified person needs to review the historical data, review any work completed since the date of the Historic Estimate and complete a new mineral resource estimate technical report. Magpie 1 and 3 de
posits host historical resources which are not disclosed here as they predate the Historic Estimate prepared for Fancamp in 2012 (see April 18, 2012, press release).
While the Historic Estimate is significant, the Project also demonstrates significant expansion potential in four previously undrilled areas that exhibit geological characteristics similar to the main deposit (Figure 1). Titanium and vanadium are critical and strategic minerals with key applications in aerospace, medical technology, specialty steel, and batteries, both face global supply chain concerns. Titano-magnetite deposits like Magpie are the principal source for vanadium extraction (Kelley et al., 20173).
Amended Technical Report and Resource Estimate on the Magpie #2 Iron-Titanium Deposit of the Magpie Property, Quebec, Canada June 1st ,2012
Figure 1: Magpie project location and historical resource Amended Technical Report and Resource Estimate on the Magpie #2 Iron-Titanium Deposit of the Magpie Property, Quebec, Canada June 1st ,2012
Qualified Person: The technical information contained in this news release was reviewed and approved by François Auclair, P.Geo, M.Sc., Vice President Exploration of Fancamp, a Qualified Person under NI 43-101.
About Fancamp Exploration Ltd. (TSX-V: FNC)
Fancamp is a Canadian mineral exploration company focused on creating value through medium term growth and monetization opportunities with strategic interests in high potential mineral projects, royalty portfolio and exploration properties. The Corporation is focused on an advanced asset play poised for growth and selective monetization with a portfolio of mineral claims across Ontario, Québec and New Brunswick, Canada; including copper, gold, zinc, titanium, chromium, strategic rare-earth metals and others. The Corporation has future monetization opportunities from its Koper Lake transaction in the highly sought-after Ring of Fire in Northern Ontario. Fancamp holds 96% interests in Magpie Mines Inc., which owns the Magpie property, one of the world’s largest undeveloped hard rock titanium (+V) deposits, per USGS data. Fancamp has investments in an existing iron ore operation in the Quebec- Labrador Trough, a rare earth elements company, NeoTerrex Minerals Inc., a copper–gold exploration company, Platinex Inc., an opportunity to develop an emerging gold-copper exploration play with Lode Gold Resources Inc. in addition to an investment in a near term cash flow generating zinc mine, EDM Resources Inc. in Nova Scotia. Fancamp is developing an energy reduction and titanium waste recycling technology with its advanced titanium extraction strategy. The Corporation is managed by a focused leadership team with decades of mining, exploration and complementary technology experience.
Further information of the Corporation can be found at: www.fancamp.ca
Forward-looking Statements
This news release contains certain “forward-looking statements” or “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities legislation. Such forward-looking statements herein include, without limitation, statements about the Historic Estimate, the steps to verify the Historic Estimate and the expansion potential in four previously undrilled areas. Statements including forward-looking statements are made as of the date they are given and, except as required by applicable securities laws, the Corporation disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the Corporation’s ability to maintain its current percentage shareholding in and control of Magpie Mines, the conditions in general economic and financial markets; the price of iron ore, vanadium and titanium; timing and amount of expenditures related to the Corporation’s exploration programs; the availability of additional financing; and the availability and costs of mining equipment and skilled labour.
Forward-looking statements involve known and unknown involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from those expressed or implied by such statements. Such factors include but are not limited to: changes in the Corporation’s shareholdings in Magpie Mines and its ability to retain control of Magpie Mines; results of exploration activities; interpretation of survey and testing results; financial risks due to metals prices; operating or technical difficulties in mineral exploration activities; the speculative nature of mineral exploration; risks in obtaining necessary licenses and permits; general market and industry conditions; and the availability of additional financing. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
1 Woodruff, L.G., Bedinger, G.M., Piatak, N.M. 2017. Titanium.Critical Mineral Resources of the United States—Economic and Environmental Geology and Prospects for Future Supply. U.S. Geological Service. 23p. 2 Kelley, K.D., Scott, C.T., Polyak, D.E., Kimball, B.E. 2017. Vanadium. Critical Mineral Resources of the United States – Economic and Environmental Geology and Prospect for Future Supply. U.S. Geological Service. 36p. 3 Kelley, K.D., Scott, C.T., Polyak, D.E., Kimball, B.E. 2017. Vanadium. Critical Mineral Resources of the United States – Economic and Environmental Geology and Prospect for Future Supply. U.S. Geological Service. 36p.
North Vancouver, British Columbia, July 21, 2025 – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (“Lion One” or the “Company“) is pleased to provide an operations update and to report preliminary quarterly gold production from the Tuvatu Gold Mine in Fiji for the quarter ending June 30th, 2025.
Highlights of Operations:
Record mill utilization of 96%
Record mill throughput of 33,726 tonnes
Record capital development of 489 m
Record operating development of 1,014 m
Shrink stope development complete, production beginning
Sustained increase in gold recoveries
Preliminary Quarterly Production Results:
3,577 oz of gold sold
3,214 oz of gold recovered
81.6% recovery
3.6 g/t gold average head grade
Total revenue of C$16,300,821
Lion One Metals sold approximately 3,577 oz of gold and 1,233 oz of silver during the three-month period ending June 30th, 2025. The average sale price for the quarter was C$4,541 per ounce of gold sold. Total revenue for the quarter was C$16,300,821, which represents a 24% increase in revenue compared to the previous quarter (C$13,173,024), and a 77% increase in revenue compared to the same quarter last year (C$9,187,046). Gold revenue for the quarter was enhanced by higher gold prices, increased recoveries, and higher mill throughput, as well as the sale of additional gold recovered from the gold in circuit. Average head grade for the quarter was low due to the delayed completion of the mine ventilation project, which caused a delay in mine development in lower levels of the mine. This limited the Company’s flexibility and opportunity to mine high grade material during the quarter as mine development recovered from the delay.
Mill performance for the quarter was very strong, achieving record quarterly mill utilization of 96%. This resulted in a record 33,726 tonnes of mineralized material being processed through the mill, for an average throughput of approximately 371 tonnes per day for the quarter. With minimal down time for maintenance and repairs, the processing team was able to focus on debottlenecking efforts and improved carbon management, which in turn resulted in a sustained increase in gold recoveries at the end of the quarter. Gold recovery for the month of June was 84.1%, compared to an average of 80.3% over the previous 12 months at Tuvatu (Figure 1). With construction of the flotation circuit underway, gold recoveries are anticipated to increase to over 90% by the end of 2025 (see release dated March 20, 2025).
Figure 1. Tuvatu Monthly Recovery, Last Six Months. Gold recoveries increased from a 12-month average of 80.3% to 84.1% in June 2025 because of debottlenecking efforts and improved carbon management at the mill.
Mine development achieved record levels during the quarter with a total of 1,503 m of underground development completed. The arrival of new mining equipment during the quarter, as well as the completion of the mine ventilation project in early April enabled the mining team to increase the rate of underground development and to open more levels of the mine. The top three months of development at Tuvatu were all achieved during this past quarter, with a new record monthly development of 545 m achieved in May 2025. The average monthly mine development at Tuvatu for the 12 months preceding this quarter was 340.5 m (Figure 2). More new mining equipment is scheduled to arrive on site and undergo commissioning in July and August, which is expected to further increase the rate of development at Tuvatu. Notably, the development of the Company’s first shrinkage stope is now complete, with production scheduled for July, August, and September. Drilling in the shrinkage stope has returned high grade intervals such as 142.66 g/t Au over 2.2 m, 489.52 g/t Au over 0.4 m, 168.95 g/t Au over 0.5 m, and 156.55 g/t Au over 0.6 m (see news releases dated March 25, 2025 and May 12, 2025).
Lion One CEO Ian Berzins stated: “With the Tuvatu gold mine still in the pilot plant stage of development, we have made great progress this quarter in laying the foundations for future success at Tuvatu. We have increased gold recoveries on the mill side and we have increased the rate of underground development on the mine side, both of which we expect to continue to improve moving forward. With production from the shrink stope coming online in July we anticipate this upcoming quarter to achieve even stronger results.”
Figure 2. Tuvatu Monthly Mine Development, Last Six Months. Record Capital and Operating Development was achieved during the quarter ending June 30th 2025. This was a result of the arrival of new mining equipment during the quarter as well as the completion of the mine ventilation project in early April 2025. Record mine development of 545 m was achieved in May 2025. This compares to average monthly mine development of 340.5 m during the preceding 12 months from April 2024 to March 2025.
Qualified Persons Statement
In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”), William J. Witte, P.Eng., Principal Advisor to the Company, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.
Lion One Laboratories / QAQC
Lion One adheres to rigorous QAQC procedures above and beyond basic regulatory guidelines in conducting its drilling, sampling, testing, and analyses. The Company operates its own geochemical assay laboratory and its own fleet of diamond drill rigs using PQ, HQ and NQ sized drill rods.
Diamond drill core samples are logged by Lion One personnel on site. Exploration diamond drill core is split by Lion One personnel on site, with half core samples sent for analysis and the other half core remaining on site. Grade control diamond drill core is whole core assayed. Core samples are delivered to the Lion One Laboratory for preparation and analysis. All samples are pulverized at the Lion One lab to 85% passing through 75 microns and gold analysis is carried out using fire assay with an AA finish. Samples that return grades greater than 10.00 g/t Au are re-analyzed by gravimetric method, which is considered more accurate for very high-grade samples.
Duplicates of 5% of samples with grades above 0.5 g/t Au are delivered to ALS Global Laboratories in Australia for check assay determinations using the same methods (Au-AA26 and Au-GRA22 where applicable). ALS also analyses 33 pathfinder elements by HF-HNO3-HClO4 acid digestion, HCl leach and ICP-AES (method ME-ICP61). The Lion One lab can test a range of up to 71 elements through Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES) but currently focuses on a suite of 26 important pathfinder elements with an aqua regia digest and ICP-OES finish.
About Lion One Metals Limited
Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver BC, with new operations established in late 2023 at its 100% owned Tuvatu Alkaline Gold Project in Fiji. The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Company also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets.
On behalf of the Board of Directors, Walter Berukoff, Chairman of the Board
Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or accuracy of this release
This press release may contain statements that may be deemed to be “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited’s current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labor or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Vancouver, British Columbia–(Newsfile Corp. – July 8, 2025) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (“EMX”) is pleased to announce the execution of an exploration alliance agreement (the “Agreement”) in the country of Morocco with Avesoro Morocco LTD (“Avesoro”), a wholly owned subsidiary of Avesoro Holdings LTD, a privately owned, West Africa-focused mid-tier gold producer. The Effective date of the Agreement is March 19, 2025, and key conditions precedent for closing have now been completed. Avesoro Holdings, through its subsidiaries, operates gold mines in the country of Liberia and is looking to expand its operations elsewhere in the region. As such, Avesoro brings high levels of operational and exploration experience in western Africa to the alliance. In Morocco, EMX and Avesoro will work together to advance a portfolio of exploration projects that EMX has assembled and to cooperatively explore for new opportunities.
Avesoro will fully fund the alliance activities, which will include the advancement of certain projects in the EMX Moroccan portfolio, as well as new projects identified by the alliance for acquisition. Under the Agreement, Avesoro will acquire EMX’s operating entity in Morocco (“EMX Corp Morocco”, a wholly owned subsidiary of EMX) that currently domiciles EMX’s exploration projects and its Moroccan exploration staff. Projects slated for advancement under the alliance will be initially designated as Alliance Exploration Projects (“AEP’s”). These will be funded from an annual budget agreed upon by Avesoro and EMX. Once a project reaches an appropriate stage of advancement, it can be converted to a Designated Project (“DP”) and advanced from an independent pool of funding provided by Avesoro.
The initial term of the alliance will be two years but can be extended by mutual agreement. At the end of the alliance term, any AEP’s that have not become DP’s will revert to EMX.
Strategic rationale. The sale of EMX’s Moroccan business unit is the latest example of efficient execution of our Royalty Generation business. The exploration alliance with Avesoro will perpetuate EMX’s upside royalty exposure across a large portfolio of exploration assets in a highly prospective region, while reducing ongoing operational expenses.
Commercial Terms Overview. (all terms in USD)
Alliance stage:
Avesoro has made an execution payment to EMX of $650,000.
Avesoro will provide an initial pool of capital of at least $1.5 million/year to advance the alliance projects and to make new acquisitions within the country of Morocco. The initial term of the alliance will be two years.
Avesoro has agreed to provide the necessary funding to keep the projects in good standing during the term of the alliance.
At any time, Avesoro can elect to deem any of the projects a Designated Project (DP).
Any project that has not been converted to a DP by the end of the alliance term will be returned to EMX.
Designated project stage:
Avesoro will retain a 100% ownership in each of the DPs, with EMX retaining a 2% NSR royalty that is uncapped and cannot be repurchased or reduced.
Each DP will have a minimum $2,500,000 work commitment for the first five years and each DP will be funded from an independent pool of capital.
Commencing on the first anniversary of the nomination of the first DP, EMX will receive a $50,000 advance royalty payment, escalating by 15% per year until the advance royalty payment reaches $100,000.
EMX will also receive additional advance royalty payments for each subsequent project for which a positive feasibility study is delivered. These will begin at $50,000, escalating by 15% per year until the project reaches production or the advance royalty payment reaches $100,000.
EMX will also receive milestone payments of $500,000 for each project for which a feasibility study is delivered, and $1,000,000 for each project that reaches production.
Overview of EMX’s Moroccan Portfolio. EMX has been active in Morocco since 2021, conducting reconnaissance exploration programs that have resulted in the acquisition of 18 exploration projects in Morocco, comprising 860 square kilometers (see Figure 1). These include a combination of gold, copper and other base metal projects that are strategically located in several of Morocco’s key mineral belts, with three projects in the highly underexplored Moroccan Sahara region, 14 projects in the well-endowed Anti-Atlas belt, home to several of Morocco’s most significant mineral deposits, and one project in the High-Atlas belt.
Morocco is emerging as an attractive jurisdiction for mineral exploration and mineral resource development, benefiting from a stable regulatory framework, well-developed infrastructure, and highly prospective geological settings. The country hosts significant precious and base metal mines yet remains underexplored compared to other mining regions.
In advance of signing the Alliance, EMX and Avesoro have agreed upon extensive follow-up programs to continue to advance the projects. Nine of the existing EMX projects will be designated as AEP’s at the onset of alliance activities.
Dr. Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.
About EMX. EMX is a precious and base metals royalty company. EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company’s common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol “EMX”. Please see www.EMXroyalty.com for more information.
About Avesoro. Avesoro Resources Inc. is a leading West Africa-focused, privately owned mid-tier gold producer. Deeply committed to sustainable and responsible mining practices, Avesoro strives to create a diverse and inclusive workforce that adheres to strict environmental, social, and governance standards. Avesoro is recognized for its exceptional technical expertise and broad commercial and financial capabilities that span exploration, engineering, construction, and mine operations. Please see www.avesoro.com for more information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Forward-Looking Statements
This news release may contain “forward-looking statements” that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the quarter ended March 31, 2025 (the “MD&A”), and the most recently filed Annual Information Form (“AIF”) for the year ended December 31, 2024, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedarplus.ca and on the SEC’s EDGAR website at www.sec.gov.
Figure 1: location map for EMX exploration projects in Morocco
VANCOUVER, British Columbia, June 03, 2025 (GLOBE NEWSWIRE) — Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture Exchange: FNC) announces that further to its news release dated May 9, 2025, the Corporation has completed its previously announced settlement (the “Settlement”) with a former director of the Corporation (the “Former Director”) to resolve the Litigation Proceedings (as defined herein) between the parties. The Settlement was completed in accordance with the terms of the settlement agreement entered into between the Corporation and the Former Director (the “Settlement Agreement”), pursuant to which, among other things, the Corporation has issued to the Former Director 1,428,572 common shares of the Corporation (the “Settlement Shares”) at a deemed price of $0.07 per Settlement Share (the “Shares for Debt Transaction”).
The Litigation Proceedings involved a statement of claim filed by the Former Director and his controlled entity (collectively, the “Plaintiffs”) in the Ontario Superior Court of Justice (the “Ontario Proceeding”) relating to liquidated damages and unpaid consulting fees claimed by the Plaintiffs from the Corporation in connection with the termination of the consulting agreement between the Corporation and an entity controlled by the Former Director. Fancamp also commenced a civil claim against the Former Director in the Supreme Court of British Columbia (the “BC Proceeding”, and together with the Ontario Proceeding, the “Litigation Proceedings”).
Pursuant to the terms of the Settlement Agreement, the Plaintiffs have agreed to discontinue the Ontario Proceeding against the Corporation, and the Corporation has agreed to discontinue the BC Proceeding against the Former Director. The Corporation has issued to the Former Director the Settlement Shares as partial consideration for the Settlement.
The issuance of the Settlement Shares pursuant to the Shares for Debt Transaction has received the approval of the TSX Venture Exchange. The Settlement Shares issued to the Former Director pursuant to the Settlement are subject to a statutory hold period expiring four months and one day from the date of issue.
About Fancamp Exploration Ltd. (TSX-V: FNC)
Fancamp is a Canadian mineral exploration company focused on creating value through medium term growth and monetization opportunities with strategic interests in high potential mineral projects, a royalty portfolio, and exploration properties. The Company is focused on an advanced asset play poised for growth and selective monetization with a portfolio of mineral claims across Ontario, Québec and New Brunswick, Canada; including copper, gold, zinc, titanium, chromium, strategic rare-earth metals and others. The Company has future monetization opportunities from its Koper Lake transaction in the highly sought-after Ring of Fire in Northern Ontario. Fancamp holds 96% interests in Magpie Mines Inc., which owns the Magpie property, one of the world’s largest undeveloped hard rock titanium (+V) deposits,per USGS data. Fancamp has investments in an existing iron ore operation in the Quebec-Labrador Trough, a rare earth elements company, NeoTerrex Minerals Inc., a copper–gold exploration company, Platinex Inc., an opportunity to develop an emerging gold-copper exploration play with Lode Gold Resources Inc. in addition to an investment in a near term cash flow generating zinc mine, EDM Resources Inc. in Nova Scotia. Fancamp is developing an energy reduction and titanium waste recycling technology with its advanced titanium extraction strategy. The Company is managed by a focused leadership team with decades of mining, exploration and complementary technology experience.
Further information on the Company can be found at: www.fancamp.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
TULSA, OK / ACCESS Newswire / July 7, 2025 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTCID:JROOF)(FRA:JLM) (“Jericho”, “JEV” or the “Company”) is pleased to announce it has signed a Memorandum of Understanding (MOU), dated July 6, 2025, with M2 Development Solutions (“M2”) to form a strategic partnership. This collaboration will integrate M2’s large, gigawatt-scale sites into Jericho’s growing AI data center portfolio.
This partnership significantly expands Jericho’s U.S. footprint beyond its Oklahoma asset base, incorporating M2’s high-capacity sites in Ohio and Nevada. The initial sites include:
Ohio – 400 Acres with access to Utility Power and on-site Natural Gas feed Power generation assets
Nevada – 3,700 Acres with access to Utility Power, on-site Geothermal power, on-site solar power, and on-site Natural Gas feed Power generation assets
Together, JEV and M2 are well-positioned to meet the rapidly increasing demand for scalable, high-performance infrastructure optimized for advanced artificial intelligence (AI) workloads across the United States.
“Our partnership with M2 is a transformative step in executing our AI data center strategy,” said Brian Williamson, CEO of Jericho Energy Ventures. “Integrating M2’s gigawatt-scale sites accelerates our ability to deliver scalable, energy-efficient infrastructure for modern AI workloads. With the proven leadership of COL (Ret.) Mark Schonberg and Mark Vogel, we are poised to meet the surging AI compute demand across key U.S. markets.”
About M2 Development Solutions, LLC
M2 is co-led by Col. (Ret.) Mark Schonberg and Mark Vogel, bringing extensive expertise to the partnership:
Col. (Ret.) Mark Schonberg is a 30-year U.S. Army veteran and a seasoned infrastructure leader. His deep expertise spans IT services, cybersecurity, and data center development. Throughout his military career, he held senior positions including Cyber Capabilities Development and Integration Director for the U.S. Army and CIO/G6 at Army Cyber Command. He also played a key role in the IT and C4I build-out for the $16 billion Yongsan Relocation Program in South Korea. Since retiring in 2020, Col. Schonberg has continued to lead in the private sector, focusing on data center infrastructure, renewable energy, and smart city solutions.
Mark Vogel is a seasoned real estate development leader with over 40 years of experience delivering transformative commercial, residential, and mixed-use projects, including the $400M Bowie Town Center (375-acre mixed-use, MD) and high-rise student housing near the University of Maryland in College Park. Known for his strategic vision and collaborative approach, he now leads cutting-edge data center developments to meet surging demand for high-performance digital infrastructure across the U.S. Drawing on deep expertise in land planning, community engagement, and infrastructure delivery, Mark drives sustainable, high-impact projects that reshape communities and power the digital economy. His philanthropic work includes founding the “Give a Dam” campaign in Burkina Faso through Africare, two years in the Peace Corps in Liberia, and leading the Greater Oxon Hill CDC to advance housing, health, and economic opportunity in communities in Maryland. He also spent over a decade fundraising for Mission of Love Charities, supporting food security, housing, mental health, and workforce development for vulnerable populations.
About Jericho Energy Ventures
Jericho Energy Ventures (JEV) is uniquely positioned at the nexus of energy and AI infrastructure. Leveraging our long-producing oil and gas joint venture assets and robust Oklahoma infrastructure, we are deploying scalable, on-site power solutions to build cutting-edge build-to-suit AI Data Centers. With direct access to abundant, low-cost natural gas, we deliver efficient, high-performance energy solutions — reducing waste, maximizing output, and unlocking long-term value in the rapidly converging AI and energy markets.
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements“) within the meaning of applicable securities laws. Such forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Jericho’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Jericho’s control. Forward-looking statements are frequently characterized by words such as ”plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may”, “will” or “may not” occur. Specifically, this news release contains forward-looking statements, including, but not limited to, statements regarding the successful implementation of the JEV-M2 MOU and the planned rollout of JEV’s AI Data Centers initiative.
Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, which include, but are not limited to: regulatory changes; changes to the definition of, or interpretation of, foreign private issuer status; the impacts of COVID-19 and other infectious diseases; general economic conditions; industry conditions; current and future commodity prices and price volatility; significant and ongoing stock market volatility; currency and interest rate fluctuation; governmental regulation of the energy industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; liabilities and risks inherent in oil and gas exploration, development and production operations; liabilities and risks inherent in early stage hydrogen technology projects and new energy systems; changes in government environmental objectives or plans; and the other factors described in Jericho’s public filings available at www.sedarplus.ca.
The forward-looking statements contained herein are based on certain key expectations and assumptions of Jericho concerning anticipated financial performance, business prospects, strategies, regulatory regimes, the sufficiency of budgeted capital expenditures in carrying out planned activities, the ability to obtain financing on acceptable terms, expansion of consumer adoption of the Company’s (or its subsidiaries’) technologies and products, all of which are subject to change based on market conditions, potential timing delays and other risk factors. Although Jericho believes that these assumptions and the expectations are reasonable based on information currently available to management, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Investors should not place undue reliance on forward-looking statements.
Readers are cautioned that the foregoing lists are not exhaustive. The forward-looking statements contained in this news release are made as of the date of this news release, and Jericho does not undertake to update any forward-looking statements that are contained or referenced herein, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
