North Vancouver, British Columbia–(Newsfile Corp. – September 24, 2025) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (“Lion One” or the “Company“) is pleased to announce that it has closed its previously announced and upsized non-brokered private placement for gross proceeds of $18,715,153 (the “LIFE Offering“). Pursuant to the LIFE Offering, the Company issued 58,484,853 units (the “Offered Units“) at a price of $0.32 per Offered Unit (the “Issue Price“), pursuant to the listed issuer financing exemption available under National Instrument 45-106 – Prospectus Exemptions. Each Offered Unit consisted of one common share of the Company (a “CommonShare“) and one Common Share purchase warrant (a “Warrant“). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.42 for a period of three years from the date of issuance.
Lion One’s CEO Ian Berzins stated: “We’re very pleased with the strong demand we received for this upsized private placement. With the equity financing successfully completed today, we can now accelerate the purchase of several key pieces of underground mobile equipment and ensure the completion of the flotation plant in Q1 2026. With the addition of these components we will be well positioned to continue ramping up production at Tuvatu.”
The Company intends to use the net proceeds from the LIFE Offering to fund the development of the Company’s 100% owned and fully permitted high grade Tuvatu Gold Project, repayment of principal and interest for the Company’s loan facility with Nebari, and for working capital purposes.
In connection with the LIFE Offering, the Company paid aggregate finder’s fees of $703,468.15 in cash and issued 2,190,462 finders warrants (the “Finder’s Warrants“) to Canaccord Genuity, Couloir Securities, Golden Capital Consulting, Haywood Securities, Leede Financial, Red Cloud Securities, RedPlug, Research Capital, and Ventum Financial, in accordance with the policies of the TSX Venture Exchange (the “TSX-V“) representing a cash commission equal to 7% of the gross proceeds raised from purchasers introduced to the Company by eligible finders and 7% of the aggregate number of Offered Units sold to purchasers introduced to the Company by eligible finders. In lieu of receiving $315,000 in cash, one finder received 984,375 Offered Units at the Issue Price. Each of the Finder’s Warrant will entitle the holder to purchase one Common Share at a purchase price of $0.32 per Finder’s Warrant exercisable for a period of two years from the date of issuance of such Finder’s Warrant.
The Offered Units and underlying Common Shares and Warrants will not be subject to Canadian resale restrictions in accordance with applicable Canadian securities laws. All Finder’s Warrants and any Common Shares underlying the Finder’s Warrants will be subject to a Canadian four month and one day resale restriction in accordance with applicable Canadian securities laws. Completion of the LIFE Offering and payment of the finder’s fees remains subject to final TSX-V acceptance.
Certain subscribers under the LIFE Offering are directors and management of the Company. The issuance of Offered Units to directors and management of the Company constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101“). The transactions are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any securities issued or the consideration paid by such persons will exceed 25% of the Company’s market capitalization.
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 of Lion One Metals Limited
Neither 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.
Forward-Looking Information
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements or information. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Forward-looking statements made in this news release include statements regarding the anticipated use of proceeds of the LIFE Offering, the outlook of the Company following completion of the LIFE Offering and the final approval of the TSX-V. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, with respect to the LIFE Offering; the conditions of the financial markets; availability of financing; timeliness of completion of the LIFE Offering; the timing of TSX-V approval; with respect to the use of proceeds, the sufficiency of the proceeds; the speculative nature of mineral exploration and development; fluctuating commodity prices; and competition, as described in more detail in our recent securities filings available at www.sedarplus.ca.Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given 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 forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
Vancouver, British Columbia–(Newsfile Corp. – September 24, 2025) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside” or the “Company”) is pleased to announce that drilling at the Union Project in Sonora, Mexico, is progressing on track and on budget, with three of the five main targets now having some initial drilling and work continuing toward completion of the current program. This update follows the Company’s July 7, 2025 announcement outlining preparations for drilling and the August 6, 2025 news release marking the start of the program.
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“We are pleased to see the Union Project drill program advancing on schedule and on budget, with key targets now being tested,” commented John-Mark Staude, President and CEO of Riverside Resources. “The geological information we’re gathering, the mineralization indicators, particularly the structural and stratigraphic details, is already refining our exploration model and setting us up for the next stages as the program moves ahead. We look forward to drilling the high-potential Famosa target and to receiving the assay results from the work completed so far as the Riverside team operates working with the drill company.”
The first hole at the Union Mine target was drilled southeast beneath historic workings, cutting through the Clemente and Caborca formations, both key host units for past mining at Union as described in the NI 43-101 report on SEDAR+ filed on May 7, 2025, by Questcorp Mining (QQQ). The hole ended in the Caborca Formation, encountering the distinctive microconglomeratic carbonate unit that historically hosted mineralization at the bottom of the Union Mine. Samples from this hole have been delivered to Bureau Veritas in Hermosillo, Sonora, for gold fire assay, with pulps to be sent to Vancouver, Canada, for ICP-MS analysis with 4-acid digestion to determine silver, base metal, and multi-element values. This consistent analytical approach has been applied since the outset of the Union program to ensure comparability across results.
Drilling then moved to the northern part of the project, testing two target areas: the El Cobre Mine area and the North Union Mine area. Here, holes were oriented perpendicular to stratigraphy and toward interpreted feeder zones along pre-mineral fault structures, primarily within the Clemente Formation. Drilling in these areas has intersected more quartzite than initially modeled, with extensive hematitic oxides, an encouraging sign for potential gold mineralization, possibly linked to sulfides that have been oxidized through supergene weathering. Historic mining in the district targeted oxides only, leaving sulfide zones untested. Riverside plans to evaluate this potential beneath past workings across four target areas: Union Mine, El Cobre, North Union, and Famosa.
The program has now moved south to the Famosa target, where two initial holes are planned to test beneath and along strike from historic workings toward a steeply west-dipping, north-south-trending fault structure, as well as into host rocks on either side of this major structural feature. Famosa produced gold historically, with reported grades exceeding ½ oz/ton Au in archived records referenced in the NI 43-101 report. The Company is encouraged by the target’s potential and is eager to advance drilling here.
Once this initial campaign is completed, follow-up work will integrate assay results, ongoing surface programs, additional induced polarization (IP) surveys, and refined geological interpretations based on stratigraphy and structure observed in drilling. The greater-than-expected quartzite content in the Clemente Formation supports the evolving model of fracture- and quartz-pyrite veinlet-hosted gold mineralization, which will help sharpen targeting at the Union Project. Core from all drilling has been logged, saw-cut, and half-core samples sent for assay, with remaining halves retained for reference and cataloging.
The Company looks forward to completing the Famosa drilling, receiving the pending assay results, and providing further updates as this program progresses.
Figure 1. Geologic map with the tenure of the Union internal concession shown in pink. Manto and chimney type CRD targets are shown as red polygons. Riverside now controls all mineral tenures on this map. The drill program will focus on the Union Mine and areas north of the Union Mine with the initial drill work.
Figure 2. Cross section looking west with conceptual drill targets and schematic drillhole traces. Assays from Riverside’s sampling of rock dump materials from the two mine areas are labeled in black. Red areas are interpreted as manto and chimney target bodies that are now well defined and drill ready. Assays shown on figures 1 and 2 have been previously released and disclosed as summarized below the geochemical QA/QC and in published NI 43-101 Report that Questcorp published 2025 on Sedar+.
The scientific and technical data contained in this news release pertaining to the Project was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources Inc., who is responsible for ensuring that the information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Rock samples from previous exploration programs discussed above at the Project were taken to the Bureau Veritas Laboratories in Hermosillo, Mexico for fire assaying for gold. The rejects remained with Bureau Veritas in Mexico while the pulps were transported to Bureau Veritas laboratory in Vancouver, BC, Canada for 45 element ICP/ES-MS analysis using 4-acid digestion methods. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Standards were randomly inserted into the sample stream prior to being sent to the laboratory.
About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a solid balance sheet with no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. Riverside has properties available for option, with information available on the Company’s website at www.rivres.com.
ON BEHALF OF RIVERSIDE RESOURCES INC.
“John-Mark Staude”
Dr. John-Mark Staude, President & CEO
For additional information, contact:
John-Mark Staude President, CEO Riverside Resources Inc. info@rivres.com Phone: (778) 327-6671 Fax: (778) 327-6675 Web: www.rivres.com
Eric Negraeff Corporate Communications Riverside Resources Inc. Eric@rivres.com Phone: (778) 327-6671 TF: (877) RIV-RES1 Web: www.rivres.com
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the risk that the Transaction will not be completed as contemplates, or at all, availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
For the latest standardized performance and holdings of Sprott Active Metals & Miners ETF (METL), please visit METL. Past performance is no guarantee of future results.
Key Takeaways
Steel Is Essential to Global Electrification: Steel is indispensable for meeting global electricity demand, underpinning infrastructure, transport and the grid.
China Dominates Global Steel Production: China now produces over half of the world’s steel, a dramatic shift from Western dominance 50 years ago.
Green Steel Is a Fast-Growing Segment: Green steel is a fast-growing market segment; producers may enjoy lower energy costs and preferential access to capital.
Supply Chain Security: Governments are incentivizing domestic production and recycling to reduce dependency on foreign supply.
Steel is one of the world’s most important engineering and construction materials, essential to all transport and infrastructure. However, steel is often overlooked as crucial in meeting increased global electricity demand. The International Energy Agency (IEA) estimates that global electricity demand will rise by 169% between 2023 and 2050.1 Evolving energy systems rely heavily on critical materials and decarbonization, with growth in the East driven by urbanization and energy security, and in the West by AI, data centers and reshoring. Vast quantities of steel will be needed to meet this demand.
Steel offers unmatched strength and one of the best strength-to-weight ratios among materials.
In its simplest form, steel is a mix of iron and carbon. There are four primary types of steel: carbon, stainless, alloy and tool. Iron ore (rocks and minerals rich in iron) is one of the earth’s most abundant metals, and the largest reserves can be found in Brazil and Australia.
Most of the world’s steel is produced by China, which in 20232 produced more metal than the rest of the world combined (See Figure 2). China’s dominance represents a dramatic shift from 50 years ago, when the U.S., Europe and Russia produced nearly 90% of the world’s steel. In 2023, for example, the U.S. made less than 5% of global steel (see Figure 1).3
Figure 1. China Is the World’s Largest Producer of Steel (2024)
Source: Worldsteel.org. Data as of 12/31/2024.
Figure 2. A 50-Year History of Global Steel Production
Steel’s Role in Meeting Global Electricity Demand
Steel is the backbone of the global energy system. Its strength, durability, recyclability and resistance to corrosion make it indispensable across every stage of electricity generation, transmission and storage.
In traditional energy, steel forms the high-pressure pipelines, storage tanks, drilling equipment and offshore platforms that drive the oil and gas industry. It is also the foundation of fossil fuel and nuclear power plants, where boilers, turbines and structural frameworks must endure extreme heat and pressure.
The addition of renewable energy sources requires even greater amounts of steel. Wind turbines are 66% to 79% steel by mass,4 solar power needs 35–45 tons of steel for each new megawatt of capacity5 and hydroelectric dams rely on reinforced concrete with embedded steel. China is the dominant leader in solar panel manufacturing and installation, and is home to the world’s largest solar farms. As of the end of 2024, China’s total installed solar capacity was 887,930 MW, nearly five times that of the second-ranked country, the United States.
Figure 3. Panda Solar Station in Datong, Shanxi Province of China
Source: Getty Images. Aerial view of the Panda Solar Station on August 14, 2017, in Datong, Shanxi Province of China. The first Panda Solar Station began operations in Datong on August 10, 2017.
Steel is equally critical to electrified transport. An electric vehicle contains about 1,200 kilograms of steel,6 from the chassis and body frame to the protective battery enclosure. Specialized electrical steel, amounting to 40–100 kg per vehicle, is used in the EV’s motor.
Finally, steel underpins the power grid. Nuclear reactors rely on stainless steel in piping and cooling equipment, every electrical transformer contains a magnetic steel core, and transmission pylons and cables depend on steel for strength and reliability.
Figure 4. Steel Is Critical to Supporting All Sources of Global Electricity
Green steel is produced using technology that significantly reduces or eliminates carbon dioxide emissions. Although green steel currently accounts for less than 1% of global steel production, demand is rising given policy and investment momentum, with Europe dominating market demand (see Figure 7).
Green steel is a niche sector within the steel industry that is growing very quickly.
In our view, green steel represents one of the most exciting growth areas in today’s steel market. We have reached a tipping point where the rapid growth of cheap renewable power (hydro, hydrogen, nuclear) is rising. This allows countries with abundant renewable energy to produce green steel at a lower cost (given that electricity is the biggest input), making green steel more cost-competitive (providing sufficient scrap or Direct Reduced Iron feedstock). As green steel production continues to scale, it will likely only become more cost competitive.
Although projections vary widely, the global green steel market is conservatively estimated to be valued at US$6.2 billion in 2024 and is expected to reach US$20 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 21.4% from 2025 to 2030 (see Figure 6).7 More aggressive estimates put the green steel CAGR at 56% for the next five years (to US$130 billion).8 By comparison, the overall global steel market size is projected to increase from US$1,470 billion in 2024 to about US$1,920 billion in 2030, with a much lower CAGR of 2.6%.9
Figure 5. Conservative Estimate: Green Steel vs. Total Steel Growth (2024-2030)
Although it represents a small portion of the global steel market, green steel is expected to nearly triple in size by 2030, from 0.5% of total steel to 1.30%.
Traditional steel manufacturing involving integrated blast furnace-basic oxygen furnace (BF-BOF) plants accounts for ~9% of direct fossil fuel emissions, more than all the world’s cars and planes combined. It also represents one-third of global coal use.
Breakthroughs in green steel include hydrogen-based production and electric arc furnaces. Hydrogen-based production uses hydrogen gas (H₂) to convert iron ore into pure iron, a key input for steelmaking. Unlike conventional methods, hydrogen-based direct reduction produces only water vapor as a byproduct, eliminating carbon emissions. Electric arc furnaces melt scrap metal using high-power electric arcs.
Green steel technologies—especially those powered by hydrogen and renewable electricity—scale globally and are projected to reduce industry-wide CO₂ emissions by over 40% by 2040.10 With energy costs comprising up to 40% of steel production, green steel’s local cost competitiveness is already emerging, and economies of scale and technology improvements are expected to drive further reductions, enhancing its appeal as a long-term investment opportunity.
100% of structural steel is recyclable, and recycling scrap steel is sustainable. Recycling saves over 60% of the energy used to produce it from raw materials. Today, 97% of steel by-products are reused. The overall recycling rate for steel from all industries combined is 81%, with some construction segments reporting values as high as 98%.11
Steel in Sustainable Construction and Grid Modernization
Steel is the strongest construction material available, with the highest strength-to-weight ratio of any material. It is durable, flexible, ductile and non-combustible.
Steel plays a large part in climate-resistant infrastructure, with the development of high-performance weathering steel (HPWS) and high-strength steel (HSS). Research showcased that modern HPWS formulations can maintain structural integrity with minimal maintenance for up to 120 years in moderate environments and 75+ years in severe coastal or industrial settings—a substantial improvement over conventional steel’s 40- to 60-year lifespan.12 Additionally, recycled steel can help buildings earn Leadership in Environmental Design (LEED) certifications.
High-performance steel delivers 120-year resilience, strengthens modern grids and underpins advanced energy storage.
Global energy grids are being upgraded to handle the rapidly growing energy demand. Steel provides the strong, anti-corrosion backbone for the towers and poles that support new high-capacity lines. Additionally, efforts are being made to reduce energy loss and improve efficiency through developing advanced steel core wires and conductors. Construction of new lines is in full swing, with the Federal Energy Regulatory Commission (FERC) reporting 888 miles of new 345 kV+ transmission constructed in 2024.13
Steel is used in energy storage systems and the creation of batteries. In terms of batteries, steel serves as a casing for lithium-ion batteries. It plays a key structural role in various energy storage systems, including gravity-based setups that repurpose scrap metal, thermal energy storage (TES) tanks and CO₂ storage units integrated with turbine technology.
Global Steel Supply Chains and National Security
Steel has become a strategic material at the center of global energy security. With China producing more than half the world’s crude steel and Brazil and Australia dominating iron ore supply, the industry is highly concentrated and vulnerable to geopolitical disruption. We saw this in 2021. Steel prices soared in 2021 due to a significant imbalance between demand and limited supply, primarily driven by the COVID-19 pandemic and its aftermath. Pandemic-related disruptions led to decreased production, while government stimulus, increased consumer spending on goods and a rapid economic rebound in construction and manufacturing created overwhelming demand for steel. This, coupled with supply chain bottlenecks and labor shortages in key sectors like shipping, created a shortage of raw materials and finished steel, pushing prices to historic highs by the middle of 2021.
Figure 8. Iron and Steel Prices Peaked in the Aftermath of COVID (2016-2025)
Source: U.S. Bureau of Labor Statistics via FRED®.
Today, trade measures such as U.S. Section 232 tariffs and the EU’s Carbon Border Adjustment Mechanism (CBAM) have already reshaped supply chains, while tightening carbon regulations are placing traditional high-emission producers at a disadvantage. At the same time, steel underpins critical infrastructure, from power grids and pipelines to transport and defense systems, making reliable access a national security priority.
The transition to green steel adds another layer of geopolitical complexity. Nations with abundant renewable power, such as the Nordics, Australia and the Middle East, are positioning themselves as future hubs of low-carbon steel production. Meanwhile, governments are pursuing onshoring and recycling strategies to reduce exposure to foreign supply shocks and carbon penalties.
As global electricity demand accelerates, steel is no longer just an industrial commodity but a strategic asset, with its supply and decarbonization pathways shaping both economic resilience and energy security.
As the world races to meet surging electricity demand and decarbonize its energy systems, steel emerges as a foundational material and a strategic solution. From wind turbines and solar panels to electric vehicles and grid modernization, steel’s unmatched strength, recyclability and versatility make it indispensable across every sector, driving the future of cleaner energy.
We believe early green steel adopters are positioned to capitalize on a growing trend that favors low-carbon materials.
Demand for green steel is rising as automakers, construction firms and renewable energy developers seek low-carbon materials to meet net-zero commitments and regulatory requirements. Governments are adding pressure through carbon pricing, procurement standards and environmental mandates, making low-emission steel more attractive. This convergence of corporate pledges, policy incentives and consumer expectations is creating a nascent and impactful growth area in steel demand.
Footnotes
1
Source: IEA World Energy Outlook 2024 Net Zero Emissions Scenario.
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.
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