From defense-backed breakthroughs to scalable commercial launches, General Hypersonics is pioneering affordable, reusable hypersonics and next-generation space flight.
SPOKANE, WA AND AUSTIN, TX / ACCESS Newswire / September 22, 2025 / HyperSciences, Inc., dba General Hypersonics Corp. (General Hypersonics), today announced a world-first achievement under its U.S. Department of Defense (DoD) Phase II Small Business Innovation Research (SBIR) contract. This small business technology company is setting world records with a new rocketless launch platform. It successfully completed horizontal flight tests exceeding Mach 3 carrying electronic payloads and demonstrating groundbreaking payload separation capabilities from its horizontal ram accelerator, a novel tube-launch system, the Hypersonic Accelerator for Versatile Operational Kinetics (HAVOK). This breakthrough marks a critical step toward commercializing its reusable, low-cost hypersonic long-range and suborbital launch platform for defense and space missions.
The current DoD contract builds on a successful NASA Phase I effort that demonstrated the scalability of General Hypersonics launch platform for larger payloads. Purpose-built for aerospace applications, the HAVOK system’s unique capabilities were advanced through industrial drilling and tunneling research and development, where thousands of high impact launches validated its performance, precision, scalability, and affordability. Recent demonstrations confirm the company is on track to deliver rocketless, responsive, high-cadence suborbital access in 2026, with orbital launches targeted the following year.
World-First Ram Accelerator Achievements by General Hypersonics
Turnkey Hot-Fire of Ram Accelerator: First successful hot-fire of a ram accelerator tube, originally adapted for industrial drilling and then refined for space launch.
Ram Start with Heaviest Projectile Ever Accelerated: Achieved ignition and sustained flight with the highest mass for this scale projectile ever successfully ram-accelerated, demonstrating full-flight scalability with highest-density ram acceleration.
First Payload-Carrying Flight Through Ram Accelerator: Flew onboard electronics at hypersonic speeds above Mach 3.
Clean Separation of “Space Dart”: Demonstrated first ever smooth, mid-flight separation of a “Space Dart” payload within the launch tube-demonstrating feasibility to deploy hypersonic payloads, testing, targets, drones, and other payloads using a novel precision sabot system.
Technology Background and Significance
The ram accelerator is a rocketless propulsion platform that uses clean gases to accelerate payloads to hypersonic speeds. First conceived at the University of Washington, it was adapted by General Hypersonics for deep-earth industrial drilling and tunneling utilizing high speed impact. Validated through thousands of industrial field tests, the company has now refined the system for defense and space launches. Recent “hot-fire” field tests at the company’s hypersonic test-bed facility demonstrate its potential as a reusable, scalable, and cost-effective launch solution.
Advancing Toward Suborbital and Orbital Readiness
General Hypersonics’ Mach 5+ Space Dart demonstration, scheduled for Q4 2025, will advance its reusable system toward space readiness. In 2026, the company plans more world-first demonstrations: launching payloads from the HAVOK tube-launch system to the Kármán line (100 km) and repeating suborbital deliveries to validate affordability, reusability, and high-frequency launch capability – without a first-stage rocket.
“This disruptive propulsion technology can launch space and defense missions from land or sea,” said Mark Russell, CEO and Founder. “These results confirm our system’s scalability for both space and national security missions while opening doors to an entirely new class of hypersonic and space applications – at dramatically lower cost and faster launch rates. We intend to create a little ‘HAVOK’ as competitors try to keep up!“
General Hypersonics is creating a new way to reach space – affordable, frequent launches set to begin serving customers in 2026.
Aligned with the U.S. hypersonic and space strategies and backed by DoD programs, proven milestones, a strong IP base, and a veteran team of aerospace experts, General Hypersonics invites select partners and investors to help drive the future of next-generation, affordable, and high-frequency launch solutions. For details, contact: info@hypersciences.com
Media & Investor Contact
HyperSciences (dba General Hypersonics) 2311 E Main Ave, Ste 200, Spokane, WA 99202 (509) 443-5746 info@hypersciences.com
Here at The Critical Edge we love silver. Okay yeah, we love a lot of sectors but silver is high on the list because it’s a commodity of many merits.
To start with, silver consumption is broad based. Around 30% typically goes to the physical stockpilers, with another 20% on coins, jewelry, and the like, but the other 50% is industrial. Of that industrial demand, nearly 30% gets sucked up by the electronics sector and yes, that includes graphic cards made by companies like Nvidia. That’s because silver has insane levels of conductivity and is vital for circuit boards (the backbone of GPUs). Considering that the global rollout of AI is going to require hundreds of millions of GPUs in the coming years, no wonder silver has been placed on the US draft critical minerals list for 2025.
Next up is supply. The silver market has been in a supply deficit for five consecutive years and has been getting by thanks to the size of physical stockpiles. Just like uranium from 2011 – 2021, our take is that the market has been complacent due to physical stockpiles making up supply shortages but this too shall end. The smart money knows this and has begun quietly positioning itself in silver.
As the rest of the market begins to stir, it’s getting harder to find attractive entry points but that’s where our team comes alive. We’ve been digging around, so to speak, and we ended up approaching the team at Apollo Silver (TSX.V:APGO / OTCQB:APGOF) for a good, old fashioned Q&A about their US and Mexico silver plays.
Here’s what their CEO, Ross McElroy, had to say:
THE CRITICAL EDGE: Ross, the market knows you as the co-founder and CEO of Fission Uranium, which you successfully sold last year for over a billion dollars. How does a famous uranium explorer and developer end up running a silver explorer?
ROSS MCELROY, President and CEO, Apollo Silver: Well, I think, being honest, obviously the project is critical, but the people behind the company are key. I had known Andy Bowering, the chairman of Apollo Silver, for quite some time in this industry and he hasalways been a person I’ve had a lot of respect for. There are other people that work closely with him that have been colleagues of mine, dating back more than 30 years from my days at BHP and in Fission So we already had a lot of common ground.
I had been working on the Fission Uranium transaction during 2024 and so, when that was complete – and after a few months off – I was ready to look for new opportunities. I was still very much interested in being in the game.
And this isn’t my first foray into precious metals. I spent probably nine years with BHP in precious metals with the discovery and advancement of the Hope Bay gold projects up in the Canadian Arctic, as well as working for a couple of junior companies in Saskatchewan previously . So this is not exactly new for me.
I could see that Apollo’s projects were really high-quality assets in high-quality jurisdictions and backed by people that I truly like and respect in this industry. So those were all signs for me of something that I felt excited to get involved in. I believe the projects were ready for somebody with my background and skill set to work with the strong team already in place . Basically we can take a project that with very good assets and move them forward through the pipeline of project development into an operational mine.
THE CRITICAL EDGE: Tell us about your flagship project in the States.
ROSS MCELROY, President and CEO, Apollo Silver: Well, the flagship property is called the Calico Silver Project. It’s down in Southern California, geographically located about halfway between Los Angeles and Las Vegas, in San Bernardino County.
What truly sets it apart, is that it is actually a very positive jurisdiction to work in: if you’re in California, San Bernardino County is the most progressive pro-development of the counties in the state.
Calico is a very well endowed silver project at an advanced stage. It’s actually one of the largest undeveloped primary silver projects in the US. The deposit also contains some other metals, including barite and zinc. This is something we’ve just finished evaluating, with the results from our mineral resource estimate announced last week. We increased the size of the silver resource including in the Measured and Indicated category, we almost doubled the size of the gold resource, we added zinc, and we converted the historic barite resource into a current compliant 43-101 resource — so we now officially have a very large deposit with silver, gold, barite, and zinc.
THE CRITICAL EDGE: So, we know Calico has a significant quantity of critical minerals, including barite and zinc. Also, silver is now on the draft list for US critical minerals. What impact will the US push for critical minerals have on the future of the Calico project?
ROSS MCELROY, President and CEO, Apollo Silver: Right now, there is a real sea change at both the US federal government and state level, with real US interest in being able to develop and supply their own critical materials. The US does not want to be dependent on other markets such as China. And it’s already having a significant impact on projects in the US.
For a project like Calico, this means a more clear-cut pathway forward through the permitting process. For example, critical minerals can be a pathway into the FAST-41 category of projects . Even non-critical minerals, such as gold and silver, which are strategic minerals, can also fit into the FAST-41 process. What the FAST-41 process does is streamline all of the regulatory groups under one umbrella. It has the potential to shave years off of the whole permitting regime. With the current administration in the US, there’s a big push to develop both critical and strategic minerals. For example, as you mentioned, with silver now on the proposed list to be a critical mineral in the US, that is another boost to the project.
THE CRITICAL EDGE: Let’s talk jurisdiction. California has a reputation as not a particularly supportive mining jurisdiction. What makes you think Calico will be able to advance through into development and eventually into production?
ROSS MCELROY, President and CEO, Apollo Silver: Yeah. Well, I think the key point I would make there is the county is really what’s important, and it’s San Bernardino County, and they are the most supportive county for mining by far anywhere in the state of California. There are many dozens of operations of various sorts in San Bernardino County. A large majority of them are aggregate, gravel type pits as well as hard rock mining, and the regulatory environment encourages development.
I know people talk about California being a bit of a difficult jurisdiction, I’m not sure that’s true, and it certainly isn’t true at our county level. I just think you need to take a long-term, very determined, and detailed and transparent view in your whole permitting and regulatory regime. If you put together a team of experts that have built mines before, that have put projects through the whole regulatory regime, and they understand all the parts to get the process over the line, that’s key to success. And that’s really what we’ve done at Apollo.
You probably noticed in our news release update on Calico that we’ve strengthened our team by bringing in project leadership, including a senior project manager, as well as people that have worked in this county before and understand permitting and moving projects forward. An important focus is also the support with respect to the environmental, regulatory, and community relations perspective. Again, if you have a good team, and you’re in the right jurisdiction, then you can push the projects forward.
THE CRITICAL EDGE: Talking of production, what is Apollo’s goal here? I know you’ve got experience at every stage of the mining cycle but where do you see the most value growth for Apollo shareholders when it comes to Calico?
ROSS MCELROY, President and CEO, Apollo Silver: Well, there’s two avenues of growth. We have, first of all, the project development, which we’ve already been talking about. So, you’ve got two deposits at Calico that are reasonably advanced, with respect to the delineation stage. That would be Waterloo, which is the biggest deposit , holding about two-thirds of the resource, and the nearby Langtry silver deposit, which contains about another third of the ounces of silver. These properties are progressing through further metallurgical studies, geotechnical studies, and starting to go into the economic assessment and regulatory framework.
There’s also an opportunity for exploration upside as well. We recently acquired a number of mineral claims that are contiguous to the existing claims at Calico, so it’s all part of the Calico project now, but it essentially increased the property size by more than 2.5 times. This has exploration blue sky potential. The ground that we acquired is on strike of the Calico fault zone, which is the fault system that’s responsible for the silver being there in the first place, so some very prospective ground. It already has a number of historic anomalies on it, so it does give us a lot of exploration upside. And I think you’ll find that our programs moving forward will have a certain allocation of the budget towards exploration, probably the majority towards project development, so I think we can accomplish two things at once here at Calico… development and exploration.
THE CRITICAL EDGE: Let’s shift gears and get into Apollo’s Mexico project, Cinco de Mayo. For the benefit of our readers, this one is a bit of a dark horse which is why we at The Critical Edge like it so much. I remember when MAG Silver was active on this project. High grades, high tonnage, and two deposits. Given its location on the Central Belt, I’d personally bet there’s a lot more to uncover. What are the geological highlights for Cinco de Mayo?
ROSS MCELROY, President and CEO, Apollo Silver: Well, it’s an absolutely beautiful world-class asset. The majority of the drilling was done by MAG Silver back between 2008 to 2012. And they outlined a truly significant Carbonate Replacement Deposit (CRD), as they’re commonly known in this business. CRD’s can often be large tonnage and high-grade silver, zinc, lead deposit with gold and some copper in the system as well.
Cinco de Mayo hosts a truly significant CRD in a corridor that has a number of world-class operations within itit, located in Northern Mexico, in the state of Chihuahua.
THE CRITICAL EDGE: There is of course a reason we call this project a dark horse which has been dormant since 2012, and that’s the relationship with the local community. What makes you confident that Apollo can restore that social license?
ROSS MCELROY, President and CEO, Apollo Silver: Yes, I believe we can. Back in 2012 , the relationship with the local ejido went sideways for MAG Silver but that was 13 years ago. Today, we have a whole new generation of people in place: the community leadership is different now. In fact, the president of the local community is much more receptive and resource friendly; much more pro-resource development. I think a number of the community members are definitely interested in seeing a company like Apollo take this project forward, which would absolutely have meaningful economic impact on this small community. Presently, the main economic activity is subsistence farming of pecans and various chili peppers. It’s a relatively poor local economy. So, I think having a project such as Cinco de Mayo, can quite meaningfully change their economic situation there by providing jobs, providing services and generally sharing in the success of our project, which can help support the community. And I think they’re very receptive to us running the project and building a trusting relationship with a meaningful access agreement.
THE CRITICAL EDGE: Do you have a timeline for expected progress with the community?
ROSS MCELROY, President and CEO, Apollo Silver: We’re making significant progress right now and I think we can get there over in the near future. We have a community management team in place in Mexico as we speak that are communicating with the members of the community and the leadership down there. We are building a positive relationship.
The community has to hold a vote that lifts their ban on mining and access to t Cinco de Mayo. So, if we keep the progress up at community level, I think we could have something – an agreement in place that would allow us to work in the near future.
To be clear, I don’t have a specific timeline, but let’s say I’m optimistic that we will make progress in 2025.
THE CRITICAL EDGE: Assuming that Apollo is successful with restoring the social license, what can we expect to see in terms of initial work programs and focus?
ROSS MCELROY, President and CEO, Apollo Silver: The key commitment for the option agreement is to drill 20,000 metres of drill holes.
One of the main targets that we would test sits at around a depth of 800-900 metres. That would be the Pegaso zone. That was the last discovery that MAG Silver made back in the day. They tapped into this beautiful well mineralised zone; it had multiple wide intersections of ore-grade of silver, zinc, and lead.
For me, 20,000 metres is probably about a six month program. So if we were to get community access this calendar year, then we’ll immediately be working towards getting permits in place so we could be drilling by early 2026. Hopefully, we will have made our option commitments on the 20,000 metres during 2026.
THE CRITICAL EDGE: Between Calico and Cinco de Mayo, it seems like your team has its hands full. Lots of opportunity but a lot of work for a streamlined team. You recently hired some additional technical expertise. Can we expect further expansion?
ROSS MCELROY, President and CEO, Apollo Silver: Yes, I think so. When you have a company like Apollo Silver, which has very successful management and great assets, you’re going to attract world-class talent, and that’s something we plan to do. My whole focus with Apollo is to build the company; I’m a company builder, and this to me is a perfect opportunity.
We’ll be doing the same thing in Mexico that we’re doing in California, meaning at the end of the day, we’re going to have two very busy projects and lots of good news, which will allow us to take advantage of the wonderful silver market that we find ourselves in – and provide investors with a great opportunity by having fantastic assets that can be developed.
THE CRITICAL EDGE: As an investor myself, I love getting into the detail, but I want to leave the conversation with the most important points firmly in my mind. If I gave you no more than 60 seconds to pitch me, what do I absolutely have to know about Apollo’s potential to grow in value over the next twelve months.
ROSS MCELROY, President and CEO, Apollo Silver: First of all, if you love the silver sector and are a believer in it, then next you want to look at management that has been successful in the past. You’ll find that everyone from Andy Bowering, who started this company, to my own background and track record, to the rest of the team – we have all been very successful in creating a lot of value for companies by advancing projects. You want to place your bet behind people who are seriously successful in this business, and I think investors should take note of Apollo.
Investors can also take comfort in the safe, investor-friendly jurisdictions Apollo Silver works in, both the US and Mexico, combined with our world-class assets and top technical expertise. These factors provide everything you’re looking for in an investment thesis.
So we like silver but do we like Apollo Silver? The mining industry knows there is a silver supply deficit and strong future demand, which means it’s a race to get into production. Apollo has a US project that could end up in production very quickly (that’s to say quickly for the mining industry where progress is measured in months and years) and a Mexico project that could add a massive amount of high-grade silver to this undervalued junior.
Are they serious about moving forward? We think so. Why appoint a CEO who specializes in moving projects forward on time and on budget if you’re not serious about real advancement. It’s too early to tell if Apollo will be able to build the next silver powerhouse but we think this is a dark horse play that is well worth keeping a close eye on.
Ore Huiying / Bloomberg / Getty Images The inflation-adjusted price of gold hit its first record in more than 40 years earlier this month.
Key Takeaways
Gold surged to a fresh record high on Monday after notching its first inflation-adjusted record since 1980 earlier this month.
Gold prices have been boosted by several interconnected factors: geopolitical tensions, economic uncertainty, a weaker U.S. dollar, and the interest rate outlook.
Veteran bond trader Jeffrey Gundlach last week forecast gold would reach $4,000 an ounce before the end of the year, and said a 25% allocation to the precious metal was “not excessive” given underlying trends.
Gold prices climbed to a record high Monday, extending a blistering rally that experts don’t expect to end anytime soon.
Gold futures surged 2% Monday to trade at an all-time high of about $3,780 an ounce. The real gold price, which adjusts for inflation, hit a record high earlier this month for the first time since 1980.
In a note on Monday, Deutsche Bank analysts forecast that gold prices could rise above $4,000 by the end of 2025, implying a full-year return of more than 50%. That kind of price appreciation would make gold the year’s best-performing asset and likely put it in the top decile of S&P 500 stocks, on par with Nvidia (NVDA).
What This Means for Investors
Investors often acquire gold as a hedge against inflation, political turmoil and economic uncertainty, and some investing experts recommend increasing exposure to the precious metal given current market conditions. Bullion, as well as exchange-traded funds tied to gold or to shares of miners, could provide entry points
The reasons behind gold’s stellar year are plentiful and interrelated. Central bank demand, a weaker dollar, President Donald Trump’s tariffs, and interest rates all bear some responsibility and are expected to continue to support gold prices in the coming months.
Central Banks Are Buying Gold Despite Record Prices
Conflict in Europe and the Middle East, as well as simmering tensions between the U.S. and China, have given central banks around the world reason to be major buyers of gold this year.
According to the World Gold Council’s 2025 Central Bank Gold Reserves Survey, 95% of central bankers expect global gold reserves to increase this year, and a record 43% forecast their own bank’s reserves would increase over the same period. No respondents said they expected their reserves to decline this year, despite record gold prices.
Geopolitical crises are a major reason central banks add to their gold reserves. Gold’s performance during times of crisis was either highly or somewhat relevant to their gold portfolio, said 85% of respondents, and 71% cited its role as a geopolitical risk hedge.
Gold buying is also being driven by a desire to diversify reserves. Nearly three-quarters of respondents expect the U.S. dollar’s share of global reserves to decline over the next year as banks add gold and other currencies such as the euro and Chinese renminbi.
A Weaker Dollar Could Be Another Tailwind
The value of the U.S. dollar has declined precipitously this year amid a dramatic reset of the domestic and international economic outlooks.
The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, has declined more than 10% this year. The vast majority of the index’s losses came when trade uncertainty and global tensions were at their highest from early March to early July.
Concerns that tariffs and Trump’s immigration crackdown would slow U.S. growth, and potentially push the economy into a recession, weighed on the dollar through those months. The decline may have also partially been driven by de-dollarization or the “Sell America” trade, in which foreign investors, spooked by the Trump administration, dumped dollars and Treasurys.
A weaker greenback is expected to continue to be a tailwind for gold, which is priced in dollars, through the rest of the year.
“I think almost certainly gold will close above $4,000 before the end of this year,” Jeffrey Gundlach, the founder and CEO of investment manager DoubleLine Capital, told CNBC last week. Gundlach said his ideal portfolio would be 25% gold, an allocation he called “not excessive” in light of dollar trends that he expects to persist.
Fed Rate Cuts Could Further Boost Demand
The Federal Reserve is also aiding gold. The central bank cut interest rates last week for the first time this year, and tentatively forecast two more cuts before the end of 2025.
A lower federal funds rate should translate into lower Treasury yields, making gold—which doesn’t pay interest—relatively more attractive to investors who have already funneled a record $85 billion into gold funds this year, according to fund flows data from Bank of America.
President Trump’s attacks on the Federal Reserve have also raised questions about the central bank’s independence. If the White House exerts more control over the Fed, which appears likely given Trump will appoint a successor to Fed Chair Jerome Powell next May, it could erode faith in U.S. monetary policy, further bolstering gold by weakening investors’ confidence in the economic outlook, the U.S. dollar, and Treasurys.
Riverside’s CEO, John-Mark Staude, outlined how Riverside’s exploration “factory” creates value at the 2025 Precious Metals Summit in Beaver Creek, Colorado last week. Eighteen years of building value through spinouts and a growing royalty portfolio created through project work, not purchases. A strong cash position and a disciplined share count keep us ready to move when the data says go.
Capitan Silver’s spinout and recent performance is an example of the potential value creation for Riverside’s spinouts. Blue Jay Gold Corp., spun out in May, is targeting a TSX Venture Exchange listing in the coming months, subject to regulatory approvals. In this concise presentation, Riverside’s CEO reviews near-term milestones and key value drivers.
The focus is clear. Mexico and Canada. Gold, silver, copper, and rare earths. Active drilling at the Union project in Mexico. Advancing high-priority gold and rare earth targets in British Columbia. Building the copper pipeline, including Ariel. Field XRF, drones, and AI speed decisions and cut cycle time. Riverside has strong cash, good royalties, and great projects.
Edmonton, Alberta–(Newsfile Corp. – September 12, 2025) – Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (“Grizzly” or the “Company”) announced, on September 11, 2025, a private placement offering for gross proceeds of up to $1 Million. The initial announcement did not include the price per Unit and FT Unit (as defined in the original release and below), which is $0.03 per Unit and per FT Unit.
The full terms of the Offering are restated below.
Private Placement Financing
Grizzly announces the initiation of a private placement (the “Offering”) of Units and FT Units for aggregate gross proceeds of up to $1,000,000 if fully subscribed.
Private Placement Offering
The Offering consists of up to 8,333,333 Units and up to 25,000,000 of any combination of Units and FT Units at a price of $0.03 per Unit and per FT Unit. Each Unit shall consist of one common share of the Company (“Common Share”) and one Common Share purchase warrant entitling the warrant holder to purchase an additional Common Share for $0.05 and expiring on the earlier of a) 30 days following written notice by the Company to the warrant holder that the volume-weighted average trading price of the Common Shares on the TSX Venture Exchange is at or greater than CA$0.10 per Common Share for 10 consecutive trading days; and (b) 24 months from the date of issuance (“Warrant”). Each FT Unit shall consist of one Common Share and one half of one Warrant, each of which shall be issued as a “flow through share” for the purposes of the Income Tax Act (Canada). The Offering is being offered to qualified subscribers in the Provinces of Alberta, British Columbia and Ontario and in other jurisdictions as the Company may in its discretion determine, in reliance upon exemptions from the registration and prospectus requirements of applicable securities legislation.
The Company intends to use the proceeds of the Offering, if fully subscribed with the maximum of 25,000,000 in FT Units and 8,333,333 Units, as follows:
Mineral Property Exploration
$ 750,000
Mineral Rights and Exploration Permits
80,000
Working capital
Outstanding management fees to Officers
$ 44,000
Other accounts payable
56,000
$ 100,000
Corporate Overhead
Management fees to Officers
$ 18,000
(3 months)
Other Corporate Overhead
52,000
$ 70,000
Maximum proceeds
$ 1,000,000
There is no minimum to the Offering. If the Company closes on less than the maximum proceeds, or if the proportion of Units and FT Units differs from the above, the use of proceeds will be adjusted.
In connection with the Offering, the Company may pay finders fees payable in any combination of cash, Units, and Warrants to registered broker dealers, limited market dealers or arm’s length persons in accordance with the policies of the TSX Venture Exchange (the “Exchange”) and applicable securities legislation and regulations. The Common Shares and any Common Shares issued on exercise of the Warrants are subject to restrictions on trading until four months and one day from the date of issuance in accordance with the policies of the Exchange.
The Offering is subject to acceptance of the TSX Venture Exchange.
ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.
On behalf of the Board,
GRIZZLY DISCOVERIES INC. Brian Testo, CEO, President
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.
Caution concerning forward-looking information
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Well now, gather ’round, folks, and lend an ear to a tale I’ve just fetched back from the scorching, sun-drenched bosom of Arizona. I’ve seen my share of ground, from the muddy banks of rivers where fortunes were plucked like ripe berries, to the high, lonesome stretches where men chased whispers of silver. But this journey, this recent pilgrimage to the Copper Springs Project, well, it’s got a particular glint to it, like a freshly panned nugget winking in the sun. And it involves a company, mind you, called Copper Bullet Mines, a name that just sings of purpose and potential.
I tell you, the air out there near the Copper Springs Project – it’s thick with history, a real palimpsest of ambition and discovery. This ain’t some greenhorn’s hopeful dig in the backyard, no sir. This is the Arizona Copper Triangle, a place where the earth has been generous, spilling forth its metallic bounty for generations. You drive through that country, and you see the monuments to past triumphs: the grand, gaping maw of the Miami-Inspiration Mine, a titan of copper production in its day; the storied hills around Superior, where the mighty Resolution Copper Project is set to redefine the very notion of a “big find.” And let’s not forget the enduring prowess of the Ray Mine, still humming along, pulling copper from the ground with the steady hand of an old pro.
Now, why does a seasoned old bird like myself, who’s seen more rock than a pebble on a riverbed, get a glint in his eye over Copper Bullet Mines? It’s the “blue sky potential,” my friends, a phrase that makes a prospector’s heart beat a little faster than a drummer at a Fourth of July parade.
I just returned from walking that ground, feeling the sun bake the dust on my boots, and what I saw wasn’t just dirt and creosote bush. I saw opportunity. Copper Springs isn’t just sitting near these giants; it’s sitting in the same neighborhood. And in mining, as in life, a good neighborhood counts for a whole lot. These weren’t just random rock formations; they were geological kin to the very deposits that made fortunes for others. The historical data, the old drill holes, the very whispers of the wind seemed to confirm it: there’s more copper in them thar hills.
The land itself, a canvas of reds and browns under an endless sky, tells a story of volcanic activity, of ancient forces that squeezed and cooked and concentrated the very stuff we now clamor for. And in this modern age, where every gadget and every electric vehicle demands more copper than we’re currently producing, finding a new, significant source isn’t just a good idea – it’s a necessity. That’s the blue sky I’m talking about: the potential for a new major discovery in a world that’s thirsting for it.
Now, here’s where the rubber meets the road, or rather, where the shovel meets the ore. Copper Bullet Mines is on the cusp of something rather exciting. They’re in the midst of a raise for C$0.14 cents per share. A modest sum, perhaps, for a piece of what could be the next great Arizona copper story. And soon, they’ll be shedding the chrysalis of a private endeavor and going public. That, my friends, is when the wider world gets its chance to hitch its wagon to this particular star.
It’s not often you get a front-row seat to a potential discovery in such a pedigreed district. The big boys, the established mines around them, they’re not just neighbors; they’re proof of concept. They’re the living, breathing evidence that this ground can yield riches. And Copper Bullet, with its Copper Springs Project, is looking to join that distinguished company.
So, if you’ve got an adventurous spirit and an eye for what might lie beneath the surface, keep a keen watch on Copper Bullet Mines. For in that Arizona dust, beneath that boundless blue sky, there might just be another chapter in the grand, old tale of copper. And I, Maurice Jackson, for one, am mighty keen to see how it unfolds.
I’ve been a shareholder since 2022 and own a significant amount of shares. I am biased.
if you are accredited and want to find out more contact:
Dan Weir
danweir@bulletmined.com
+1 (416) 720-0754
www.copperbulletmines.com
PS: Company will have a face lift. New branding, website, corporate deck etc. I am working on getting them in New Orleans Investment Conference (pending).
Edmonton, Alberta–(Newsfile Corp. – September 11, 2025) – Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (“Grizzly” or the “Company”) is pleased to provide the following exploration and corporate update and to announce a private placement offering for gross proceeds of up to $1 Million.
Beaverdell Exploration
Grizzly has recently conducted a small prospecting and sampling program near Beaverdell in order to satisfy some assessment requirements on some newly staked mineral claims in the Beaverdell area of the Greenwood District, British Columbia. These results from the sampling program conducted in the Beaverdell target area within the Greenwood Precious and Battery Metals Project will be disclosed once they are received.
Highlights:
A total of 50 rock grab samples were collected from mostly outcrop and some mineralized dump material across the Beaverdell claims in July 2025, including the newly acquired ground.
Grizzly has acquired 5 new mineral claims covering 147 hectares (363 acres) and now holds a total of 21 mineral claims covering 3,721 hectares (9,194 acres) surrounding the historical Beaverdell Mine.
Grizzly’s Beaverdell mineral claims surround and are adjacent to the historical Beaverdell Mine which produced approximately 34.5 million ounces of silver, 16,700 ounces of gold, 30.6 million pounds of zinc and 25.6 million pounds of lead between 1913 and 1991.
Figure 1: Sulphide mineralization found and sampled on the Beaverdell Property, 2025.
On June 17, 2024, the Company announced a purchase agreement (the “Purchase Agreement”) with First Majestic Silver Corp. (“First Majestic”) to acquire 13 historical Crown Grants collectively known as the Motherlode Crown Grants near Greenwood, British Columbia.
The Company has been advised that, prior to completion of the Acquisition, certain of the Crown Grants have been forfeited to the Crown due to the non-payment of taxes. As a result, those specific Crown Grants are no longer available for acquisition by the Company under the terms of the Purchase Agreement.
Notwithstanding the forfeiture of certain Crown Grants, Grizzly’s mineral claims that overlap significant portions of areas covered by the Crown Grants remain valid and in good standing. With the forfeited Crown Grants now held by the Crown, no other third party can acquire superseding rights in respect of those areas, thereby enhancing the Company’s security of tenure on its overlapping mineral claims.
The Company is evaluating its options with respect to the Purchase Agreement with First Majestic in light of this development.
Plans for Fall 2025 Exploration at Greenwood:
Rock and soil sampling along with drilling at the Midway and Motherlode Targets are being planned for fall 2025, depending upon financing. The results for the Beaverdell sampling with be announced as they become available. Additional results should be forthcoming over the next coming months as work progresses and will be presented in additional news releases.
Brian Testo, President and CEO of Grizzly Discoveries, stated, “We are excited and are looking forward to pursuing a number of high grade gold – silver – copper – lead -zinc showings and historical mines with drilling in the fall of 2025 along with additional exploration for significant battery metal prospects in our current 175,000+ acre land holdings in the Greenwood District. We have barely scratched the surface in terms of exploration!
While we are disappointed that not all of the Crown Grants are available for acquisition, this development ultimately provides greater security for our overlapping mineral claims. This ensures that our exploration plans in the Greenwood District can continue without the risk of competing Crown Grant ownership. We will continue to work with First Majestic to assess the best path forward.“
Private Placement Financing
Grizzly announces the initiation of a private placement (the “Offering”) of Units and FT Units for aggregate gross proceeds of up to $1,000,000 if fully subscribed.
Private Placement Offering
The Offering consists of up to 8,333,333 Units and up to 25,000,000 of any combination of Units and FT Units. Each Unit shall consist of one common share of the Company (“Common Share”) and one Common Share purchase warrant entitling the warrant holder to purchase an additional Common Share for $0.05 and expiring on the earlier of a) 30 days following written notice by the Company to the warrant holder that the volume-weighted average trading price of the Common Shares on the TSX Venture Exchange is at or greater than CA$0.10 per Common Share for 10 consecutive trading days; and (b) 24 months from the date of issuance (“Warrant”). Each FT Unit shall consist of one Common Share and one half of one Warrant, each of which shall be issued as a “flow through share” for the purposes of the Income Tax Act (Canada). The Offering is being offered to qualified subscribers in the Provinces of Alberta, British Columbia and Ontario and in other jurisdictions as the Company may in its discretion determine, in reliance upon exemptions from the registration and prospectus requirements of applicable securities legislation.
The Company intends to use the proceeds of the Offering, if fully subscribed with the maximum of 25,000,000 in FT Units and 8,333,333 Units, as follows:
Mineral Property Exploration
$ 750,000
Mineral Rights and Exploration Permits
80,000
Working capital
Outstanding management fees to Officers
$ 44,000
Other accounts payable
56,000
$ 100,000
Corporate Overhead
Management fees to Officers
$ 18,000
(3 months)
Other Corporate Overhead
52,000
$ 70,000
Maximum proceeds
$ 1,000,000
There is no minimum to the Offering. If the Company closes on less than the maximum proceeds, or if the proportion of Units and FT Units differs from the above, the use of proceeds will be adjusted.
In connection with the Offering, the Company may pay finders fees payable in any combination of cash, Units, and Warrants to registered broker dealers, limited market dealers or arm’s length persons in accordance with the policies of the TSX Venture Exchange (the “Exchange”) and applicable securities legislation and regulations. The Common Shares and any Common Shares issued on exercise of the Warrants are subject to restrictions on trading until four months and one day from the date of issuance in accordance with the policies of the Exchange.
The Offering is subject to acceptance of the TSX Venture Exchange.
Quality Assurance and Control
Rock and soil samples are being analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (+10 g/t Au). Rock grab and rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.
The sampling program was undertaken by Company personnel under the direction of Michael B. Dufresne, M.Sc., P.Geol., P.Geo.. A secure chain of custody is maintained in transporting and storing of all samples.
The technical content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is a non-independent Consultant and Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.
On behalf of the Board,
GRIZZLY DISCOVERIES INC. Brian Testo, CEO, President
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.
Caution concerning forward-looking information
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Vancouver, British Columbia–(Newsfile Corp. – September 9, 2025) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (the “Company” or “EMX”) is pleased to provide an update with respect to the previously announced sale of its Nordic operational platform (the “Transaction“) to First Nordic Metals Corporation (TSXV: FNM) (“FNM”), a current partner and operator on multiple EMX royalty properties in Sweden and Finland (see the Company’s News Release dated June 2, 2025). This strategic divestment includes EMX’s regional infrastructure, exploration equipment, and employees across the Nordic countries.
The Transaction is a non-arm’s length transaction pursuant to the policies of the TSX Venture Exchange (“TSXV“) as a result of the parties having a director in common and is therefore subject to acceptance of the TSXV. The Transaction has been conditionally accepted by the TSXV and the Company is proceeding with the satisfaction of the conditions required for the final acceptance of the Transaction which are standard for a transaction of this nature. Additionally, completion of the Transaction remains subject to clearance pursuant to the Swedish Foreign Direct Investment Act, which process is expected to be completed prior to the end of October 2025.
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.
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” and “forward-looking information” (together “forward-looking statements”) that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding receipt of final TSXV acceptance for the Transaction, timing and clearance of the Transaction pursuant to the Swedish Foreign Direct Investment Act, timing for completion of the Transaction 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 difficulties in obtaining required approvals for the Transaction, increased regulatory compliance costs 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 June 30, 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. EMX does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
Years ago, platinum’s nickname was “rich person’s gold,” as the rare precious metal commanded a premium to the yellow metal. I asked if platinum’s rally would continue and if it could become rich person’s gold again in a late-July Barchart article on the platinum market, when I concluded:
Platinum remains in a bullish trend, with plenty of upside room before it approaches the 2008 all-time high. Given gold’s ascent over the past years and platinum’s liquidity constraints, platinum could head back to its former position as “rich person’s gold.”
Nearby NYMEX platinum futures were trading at $1,422.90 on July 28. The $1460 level in early September could be a golden buying opportunity.
Platinum corrects lower
The quarterly chart highlights that after trading around a $1,000 per ounce pivot point for nearly a decade from Q3 2015 through Q1 2025, NYMEX platinum broke out to the upside.
Platinum futures eclipsed the critical technical resistance at the Q1 2021 high of $1,348.20 in Q2 2025. Moreover, the platinum futures formed a bullish key reversal pattern on the quarterly chart in Q2 2025, trading below the Q1 2025 low and closing above the high of the previous quarter. After trading to a peak of $1,440.50 in Q2 2025, platinum futures reached a higher high of $1,511.40 in Q3 where they ran out of upside steam, falling to the $1,270 level in August before recovering to around $1,460 in early September 2025.
The bullish trend remains intact
The shorter-term monthly continuous platinum futures chart highlights the bullish trend that has taken the rare precious metal to a new decade high.
The chart highlights the bullish trend, despite the pullback from the July high of over $1,500 per ounce.
The daily year-to-date chart displays an even more dramatically bullish picture for the platinum futures.
Even the most aggressive bull markets rarely move in straight lines
The nearby NYMEX platinum futures rallied 72%, moving from an April 7, 2025, low of $878.30 to a July 21, 2025, high of $1,511.40 per ounce. While the price has corrected, even the most aggressive trends can experience substantial corrections. Technical support for the NYMEX platinum futures remains far below the current $1,340 level, with the support at the late May 2025 high of just over $1,100 per ounce. Buying platinum during the current correction could be optimal as the precious metal remains in a compelling bullish trend.
Factors supporting higher platinum prices- The platinum-gold differential
The following factors support higher platinum prices:
After consolidating around the $1,000 per ounce pivot point for nearly a decade, platinum futures broke out to the upside and remain in a bullish trend in early September 2025.
Platinum is a rare metal, with only around seven million ounces or 218 metric tons of annual mine supply in 2025. South Africa is the leading producer, while Russia and Zimbabwe are second and third. The three countries accounted for approximately 75% of platinum output in 2023.
In Q1 2025, the World Platinum Investment Council forecasted a third consecutive year for a substantial deficit in platinum’s supply-demand equation. The tight platinum market is a result of declining mine supplies.
Gold has reached a record high over the past eight consecutive quarters, and silver prices have increased to the highest level since 2011. Platinum, like gold and silver, has industrial and financial applications, favoring higher platinum prices.
Platinum is a far less liquid futures market than gold and silver. In early September, the open interest in NYMEX platinum futures was 88,805 contracts, representing 4.44 million ounces. At $1,460 per ounce, the total value of the platinum futures market was $6.483 billion. The total values of the gold and silver futures market were over $178.6 billion and over $33 billion, respectively. Platinum is a smaller and less liquid futures market than gold and silver. Lower liquidity tends to support higher volatility.
The case for higher platinum prices remains compelling in early September 2025. Buying during the current correction, leaving plenty of room to add on further declines, could be optimal.
The chart of the platinum-gold spread ({PLV25}-{GCZ25}) highlights that platinum had traded at a premium to gold in the 1990s, reaching an over $1,000 premium in 2008. Since 2015, platinum’s discount to gold has been increasing, reaching nearly $2,500 per ounce at the most recent April 2025 low. The bottom line is that platinum is historically inexpensive compared to gold.
Technical levels to watch in the futures- PPLT is a platinum ETF
The five-year monthly platinum futures chart highlights the critical technical levels in early September 2025.
As the chart highlights, support for platinum futures is at the March 2022 high of $1,197, the April 2023 high of $1,148.90, and the March 2024 high of $1,105 per ounce, as the prior technical resistance levels have become supports. The current upside target is the July 2025 $1,511.40 per ounce. Above there, platinum traded to a high of $1,523.80 in July 2014, $1,744.50 in February 2023, $1,918.50 in August 2011, and a record high in March 2008 of $2,308.80 per ounce. With gold trading over $1,300 above platinum’s March 2008 record peak, there is substantial upside potential in the platinum futures market.
The most direct route for a risk position in platinum is the physical market for platinum bars and coins. However, physical platinum often involves substantial premiums for purchases and discounts for sales. The futures market has a physical delivery mechanism, but it involves significant leverage with margin requirements. The most liquid platinum ETF, the Aberdeen Physical Platinum product (PPLT) makes a platinum investment available in standard equity accounts.
At $130.52 per share, PPLT had over $1.684 billion in assets under management. PPLT trades an average of 205,941 shares daily and charges a 0.60% management fee. PPLT is a highly liquid ETF product.
Platinum futures rallied 72% from the low on April 7, 2025, to the high on July 21, 2025.
As the chart shows, PPLT rose 61.6% from $82.79 to $133.80 per share from the low of April 7 to its high on July 18. While PPLT does a reasonable job tracking platinum prices, the expense ratio weighs on the performance. However, the management fee covers expenses, including storage and insurance. Moreover, since PPLT only trades during U.S. stock market hours and platinum futures trade around the clock, the ETF can miss highs or lows when the stock market is closed.
Time will tell if platinum catches and surpasses gold on the upside, but there is plenty of room for platinum to narrow the price gap. Platinum remains in a bullish trend in early September 2025, with lots of upside potential at the $1,460 per ounce level.
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.com
Sign up to Stay Up to Date on News and Progress from Page
