Category: Project Generators

Vancouver, British Columbia–(Newsfile Corp. – May 6, 2025) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (“Riverside” or the “Company”), is pleased to announce that further to its press release dated September 6, 2024, Riverside’s wholly-owned subsidiary, RRM Exploracion, S.A.P.I. DE C.V. (the “Vendor“) has entered into a definitive option agreement (the “Option Agreement“) with Questcorp Mining Inc. (“Questcorp“) dated May 5, 2025, for the 2,520.2 hectare La Union carbonate replacement gold- polymetallic project (the “Project” or “La Union“) located in Sonora, Mexico (the “Transaction“).

“We are thrilled to finalize this agreement for the La Union Project, which is a strong asset in Riverside’s portfolio. Securing up to C$5,500,000 in exploration funding from Questcorp is an excellent step forward in advancing this larger Carbonate Replacement Deposit (“CRD“) project,” said John-Mark Staude, CEO of Riverside Resources. “Riverside is pleased to have the updated NI 43-101 Technical Report completed and we see an active exploration program launching in the coming weeks with Riverside as the Operator of the exploration program. Riverside is expected to become a shareholder of Questcorp with an initial 9.9% equity interest, subject to final approval by the Canadian Securities Exchange or confirmation that such approval is not required. The first-year work program of C$1,000,000 in exploration expenditures will launch the first round of exploration at the project.”

The La Union Project

The Project is summarized on the Riverside website and is a project that Riverside acquired and further consolidated additional inlier mineral claims. The Project initially identified from Riverside’s work in the western Sonora gold belt through work with AngloGold Ashanti Limited, Centerra Gold Inc., and Hochshild Mining Plc, among others as partners and funding relationships for gold exploration. Initial work by members of the Riverside team, drawing on more than two decades of geological compilation and analysis, identified this region as highly prospective. At the Project, historical mining by the Penoles Mining Company focused on chimney and manto replacement bodies within the upper oxide zones. As a result, the underlying sulfide zones present immediate drill targets for further exploration.

Riverside has spent the past five years consolidating this highly prospective land package, which totals over 22 square kilometers. The Project features favorable limestone host rocks, an extensive alteration footprint, and multiple small-scale historical workings, providing more than eight drill-ready target areas. Key immediate targets include the central Union Mine and the nearby Famosa Mine. With drive-up access, private ranch surface rights, and strong geologic similarities to other major CRDs in Arizona and eastern Mexico, La Union is well positioned for near-term exploration success targeting both oxide and deeper sulfide mineralization.

The Option Agreement

In accordance with the terms of the Transaction, Questcorp can acquire a one-hundred percent (100%) interest in the Project in consideration for completion of a series of cash payments totaling $100,000 CAD, making staged issuances of common shares of Questcorp totaling 19.9%, and incurring $5,500,000 CAD of exploration expenditures on the Project as outlined immediately below:

During the term of the Option Agreement, Riverside, through the Vendor, will remain the program operator for the Project using its local team based in Hermosillo, Sonora. Following exercise of the option under the Option Agreement, Questcorp will grant Riverside a two-and-one half percent (2.5%) net smelter return royalty on commercial production from the Project.

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.

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Figure 2. Cross section looking west with proposed drill sites and 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.

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Qualified Person & QA/QC:

The scientific and technical data contained in this news release pertaining to the Project was reviewed and approved by Freeman Smith, P.Geo, VP Exploration, 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 over $4M in cash, 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:

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250896

SPOKANE, Wash.–(BUSINESS WIRE)–HyperSciences, Inc., a leader in advanced hypersonic propulsion and projectile technologies, has been awarded a $1.7M Phase 2 SBIR (Small Business Industry Research) contract with the U.S. Department of Defense as a follow-on to its 2018-2019 NASA SBIR Phase 1 contract. This new contract further develops the company’s revolutionary hypersonic launch system for aerospace applications. This award marks a critical milestone in the company’s growth beyond industrial applications into national defense and space launch, reinforcing its role in next-generation hypersonic capabilities.

From Industrial Innovation to National Security

Originally commercialized for high-speed drilling in industrial mining and tunneling utilizing high speed impact, HyperSciences’ proprietary ram accelerator technology was recognized by NASA in 2018 for its potential to scale up the technology for repetitive suborbital hypersonic testing and hypersonic boosted orbital payload launches with a Phase 1 SBIR award titled: “Low Cost Nano and Micro Satellite Launch Stage and Automated Hypersonic Test Platform.”

The ability to launch payloads without a first-stage rocket boost is expected to provide a cost-effective, reusable alternative to traditional rocket launch methods, eliminating expensive, risky, toxic propellants and enabling rapid, repeatable launches. These capabilities make it particularly well-suited for applications requiring high launch cadence and cost efficiency.

As the US and its allies seek to enhance hypersonic capabilities, HyperSciences created General Hypersonics, Inc. as an initially wholly owned subsidiary in 2024 to focus on national security and space applications. HyperSciences, the parent company, due to its previous NASA Phase 1 and readily available equipment and staff, is responsible for executing this Phase 2 sub-scale capability demonstrator. The government appreciates the dual-use that research and development of a high speed, low-cost commercial-industrial approach brings to government use cases. After delivery of Phase 2 results, HyperSciences plans for future government contracts to occur within subsidiary General Hypersonics, Inc..

This initiative aligns with US and its armed forces’ national security strategies, which designate hypersonics as critical to a multi-domain defense system. Despite billions of dollars spent in recent U.S. investments in hypersonic technology, current conventional rocket-based solutions remain costly and complex with gaps in needed capabilities. HyperSciences’ low-cost, reusable launch platform provides a scalable alternative designed for missile defense testing, intelligence and surveillance operations, and next-generation capabilities.

Advancing U.S. Hypersonic and Space Capabilities

“This testing and development contract further validates our cutting-edge technology and positions us at the forefront of hypersonic innovation,” said Mark Russell, CEO and Founder of HyperSciences and General Hypersonics. “Our system offers a revolutionary approach to hypersonic launch—one that is not only low-cost and reusable but also adaptable for a variety of missions across industrial, defense, and space sectors. By drastically reducing launch costs and infrastructure requirements, we are enabling the U.S. to deploy hypersonic systems from land or sea at a fraction of today’s costs.”

HyperSciences’ technology directly supports the U.S. hypersonic strategic approach, prioritizing cost-effective and rapid hypersonic development. The platform technology is also designed to enable high-cadence, low-cost space access, serving both government and commercial partners. By bridging the gap between hypersonic defense and responsive space launch, HyperSciences and General Hypersonics are redefining the future of national security and global launch capabilities.

For more information, visit https://generalhypersonics.com/

Contacts

2311 E Main Ave, Ste 200, Spokane, WA 99202
(509) 443-5746
info@hypersciences.com

Vancouver, British Columbia–(Newsfile Corp. – April 1, 2025) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (“Riverside” or the “Company“), is pleased to announce that the spin-out of its subsidiary, Blue Jay Gold Corp. (“Blue Jay”), has been approved by shareholders and is now moving forward, with completion potentially expected in May or June of this year. This news follows the plan and actions announced in the Company’s press release dated February 28, 2025, at its annual and special meeting of shareholders held on March 31, 2025 (the “Meeting“), shareholders approved the previously announced plan of arrangement (the “Arrangement“) under the Business Corporations Act (British Columbia) (the “BCBCA“) involving the spin-out of its equity interest in its subsidiary, Blue Jay Gold Corp.

The Arrangement was approved by over 99% of votes cast by shareholders of Riverside (the “Riverside Shareholders“) at the Meeting. Upon completion of the Arrangement, Riverside Shareholders will receive 1/5 of a Blue Jay common share (the “Blue Jay Shares“) for each common share of Riverside held, resulting in shareholders owning shares in two public companies:

• Riverside, which will continue to focus on its royalty generation and project generator model targeting gold, copper, and rare earth elements in the Americas, and
• Blue Jay, which will pursue exploration and development of the Pichette-Clist, Oakes and Duc Gold Projects located in northwestern Ontario.

“We are very pleased with the strong shareholder support for the spin-out of Blue Jay, which reflects the confidence in Riverside’s strategy to unlock value through focused project generation and royalties,” said John-Mark Staude, President and CEO of Riverside. “This transaction enables both companies to sharpen their strategic priorities, and we’re excited to see Blue Jay carry forward the Ontario gold assets while Riverside continues to advance its copper, gold, and critical metals portfolio in the Americas.”

“We’re thrilled to launch Blue Jay as a fresh, compelling gold exploration business in one of Canada’s most proven and mining-friendly jurisdictions,” added Geordie Mark, President and CEO of Blue Jay. “Our flagship projects are located in northwestern Ontario, a region that has been producing gold for decades and is home to established infrastructure and major operating gold mines; both past and present. With strong community support, a clean share structure, and a highly prospective land package near active production, Blue Jay offers investors early exposure to a focused exploration company with significant discovery potential.”

John-Mark Staude, CEO of Riverside Resources, and Geordie Mark, CEO of Blue Jay Gold, would like to express their appreciation to shareholders for their support of the spin-out. Click this video LINK where both executives share their enthusiasm for the road ahead and reaffirm their commitment to driving value for shareholders through focused execution and exploration.

All other matters presented to shareholders at the Meeting were also approved, including the receipt of the audited financial statements for the fiscal year ended September 30, 2024, setting the number of directors at five, the election of John-Mark Staude, James Clare, Walter Henry, James Ladner and Bryan Wilson to its board of directors for the ensuing year, the re-appointment of Davidson & Company LLP as auditor and authorization for the directors to fix the auditor’s remuneration, and the re-approval of Riverside’s rolling stock option plan. The special resolution approving the Arrangement pursuant to Section 288 of the BCBCA was virtually unanimously approved by 99.992% of the votes cast by Riverside Shareholders present in person or represented by proxy at the Meeting.

Subject to final court approval and satisfaction of customary closing conditions, including conditional listing approval by the TSX Venture Exchange (the “TSXV“) for the Blue Jay Shares, the transaction is expected to be completed in Q2 2025.

Riverside believes that the Arrangement will enhance shareholder value by allowing both Riverside and Blue Jay to pursue focused strategies aligned with their respective assets. Following the transaction, Blue Jay will have its own dedicated management team and capital structure to accelerate exploration of the Ontario properties, while Riverside will continue to advance its portfolio of gold, copper, and rare earth projects through partnerships and royalties.

The Blue Jay Shares are expected to be listed on the TSXV following completion of the Arrangement. Additional details about the Arrangement are included in the Company’s management information circular dated February 18, 2025, available on Riverside’s SEDAR+ profile at www.sedarplus.ca and on the Company’s website at www.rivres.com.

About Riverside Resources Inc.
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over $4M in cash, 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. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. 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:

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 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246840

Vancouver, British Columbia–(Newsfile Corp. – March 31, 2025) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (the “Company” or “EMX“) is pleased to announce that pursuant to its equity incentive plan, it has granted incentive stock options (“Options“), restricted share units (“RSUs“) with performance criteria, RSUs with no performance criteria, and deferred share units (“DSUs“) to certain officers, directors, employees, and consultants of the Company as follows:

• Granted an aggregate of 840,500 Options to officers, directors, employees and consultants of the Company. The options are exercisable at a price of C$2.92 per share for a period of five (5) years.
• Granted an aggregate of 483,000 RSUs with performance criteria. These RSUs have a 3-year cliff vesting provision and have been granted to officers, directors, and certain employees, subject to any applicable stock exchange approvals and vesting requirements. Each RSU with performance criteria will entitle the holder to acquire, for nil cost, between zero and 1.5 common shares of the Company, subject to the achievement of performance conditions relating to the Company’s total shareholder return, and certain operational milestones.
• Granted an aggregate of 358,000 RSUs with no performance criteria to officers, directors, employees and consultants, subject to any applicable stock exchange approvals and vesting requirements. These RSUs will vest in 3 equal tranches over a 3-year period with the first, second and third tranches vesting on the first, second and third anniversaries of the date of the grant, respectively. Each RSU with no performance criteria entitles the holder to acquire, for nil cost, one common share of the Company.
• Granted an aggregate of 116,000 cash-settled DSUs to independent directors, which will be redeemable upon the retirement, resignation or replacement of a director.

All securities issued to officers and directors of the Company will be subject to restrictions on resale for a period four-months-and-one-day following the original issuance of such securities, in accordance with the policies of the TSX Venture Exchange.

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.

For further information contact:

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246771