Categories
Base Metals Energy Junior Mining Project Generators

F3 – Extends Mineralization with 67.0m of Radioactivity at Tetra Zone

Largest Radioactive Intervals to Date on Project

Kelowna, British Columbia–(Newsfile Corp. – August 5, 2025) – F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) (“F3” or “the Company“) is pleased to announce hand-held scintillometer results at Tetra Zone, where the widest intervals of radioactivity to date on the Patterson Lake North Project have been intersected with PLN25-217, which intersected a total of 67.0m composite radioactivity between 299.5m and 414.5m, including 49.0m of continuous radioactivity between 347.5m and 396.5m. Additionally, PLN25-212, approximately 23m up-dip of PLN25-217 and 31m along strike from the discovery hole PLN25-205, intersected the second widest interval to date with 39.5m composite radioactivity between 330.0m and 409.5m, including 27.5m of continuous radioactivity between 360.5m and 396.5m.

2025 Handheld Spectrometer Highlights:

Tetra Zone

PLN25-217 (line 11280S):

  • 0.5m interval with radioactivity between 299.5m and 300.0m, and
  • 0.5m interval with radioactivity between 315.5m and 316.0m, and
  • 7.5m interval with radioactivity between 336.5m and 344.0m, and
  • 49.0m interval with radioactivity between 347.5m and 396.5m, and
  • 9.0m interval with radioactivity between 399.5m and 408.5m, and
  • 0.5m interval with radioactivity between 414.0m and 414.5m.

PLN25-212 (line 11310S):

  • 2.5m interval with radioactivity between 330.0m and 332.5m, and
  • 0.5m interval with radioactivity between 346.5m and 347.0m, and
  • 0.5m interval with radioactivity between 354.0m and 354.5m, and
  • 27.5m interval with radioactivity between 360.5m and 388.0m, and
  • 6.0m interval with radioactivity between 394.0m and 400.0m, and
  • 2.5m interval with radioactivity between 407.0m and 409.5m.

Sam Hartmann, Vice President Exploration, commented:

“The substantial radioactive widths intersected in these drill holes were truly unexpected and highlight the significant potential we see at the Tetra Zone. Despite challenging drilling conditions and the non-traditional style of mineralization, each hole provides valuable insights into deposit model generation and drill plan adaptations. Notably, PLN25-217 confirms a theorized strike direction deviating from the current conductor model, and we will continue to explore this trend. To improve our conductor modeling around the Tetra Zone area, we are planning a ground geophysical program based on a tighter grid to support larger step-outs along the Tetra Zone, which stands to reduce the number of drill holes required for targeting. Additionally, we cored two drill holes at the JR Zone using casings set last winter with PLN25-215 and -216, which tested for crosscutting structures; those assays will be included in our maiden resource estimate, expected in Q4. We are very excited and look forward to further uncovering this unique system hosting the Tetra Zone.”

Map 1. Broach Lake – Tetra Zone Scintillometer Results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/261242_985f0bcef4782a44_002full.jpg

Map 2. Patterson Lake North – JR Zone Scintillometer Results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/261242_985f0bcef4782a44_003full.jpg

Table 1: Drill Hole Summary and Handheld Spectrometer Results

Collar Information* Hand-held Spectrometer Results
 On Mineralized Drillcore 
(>300 cps / >0.5m minimum)
Athabasca Unconformity Depth 
(m)
Total 
Drillhole
Depth
(m)
Hole IDSection LineEastingNorthingElevationAzDipFrom
(m)
To
(m)
Interval
(m)
Max
CPS
PLN25-21111340S589409639796258446-75160.50161.000.50320160.9548
PLN25-21211310S589368639797058440-72330.00330.500.50360164.2458
330.50331.000.50440
331.00332.001.00<300
332.00332.500.50310
346.50347.000.50330
354.00354.500.50380
360.50361.000.50410
361.00362.001.00<300
362.00362.500.50310
362.50363.000.50510
363.00363.500.50470
363.50364.000.50510
364.00364.500.50820
364.50365.000.50420
365.00365.500.50310
365.50366.000.50410
366.00366.500.50510
366.50367.000.50910
367.00367.500.501100
367.50368.000.501500
368.00368.500.50900
368.50369.000.50990
369.00369.500.502500
369.50370.000.503100
370.00370.500.501400
370.50371.000.50560
371.00371.500.501000
371.50372.000.50480
372.00372.500.50470
372.50373.000.50420
373.00373.500.501100
373.50374.000.50680
374.00374.500.503100
374.50375.000.501700
375.00375.500.50930
375.50376.000.50370
376.00376.500.50330
376.50377.000.50320
377.00377.500.50390
377.50378.000.50460
378.00378.500.502000
378.50379.000.503000
379.00379.500.503300
379.50380.000.502500
380.00380.500.50700
380.50381.000.50960
381.00381.500.503100
381.50382.000.50390
382.00382.500.50700
382.50384.001.50<300
384.00384.500.50310
384.50385.000.50670
385.00385.500.50320
385.50386.000.50670
386.00387.501.50<300
387.50388.000.50560
394.00394.500.50400
394.50395.000.50430
395.00395.500.50660
395.50396.000.50680
396.00396.500.50340
396.50397.000.50<300
397.00397.500.50380
397.50398.000.50340
398.00398.500.502000
398.50399.000.503000
399.00399.500.501000
399.50400.000.50520
407.00407.500.50360
407.50408.000.50320
408.00408.500.50<300
408.50409.000.50360
409.00409.500.50350
PLN25-21311325S589359639795958445-73Pilot hole for wedged hole below154.3224
PLN25-213W111325S589359639795958445-73278.00278.500.50750154.3434
278.50279.000.50430
279.00279.500.50550
326.00326.500.50530
326.50328.502.00<300
328.50329.000.50300
346.00346.500.50380
389.50390.000.50530
392.50393.000.50300
PLN25-21411340S589404639797858446-75342.00342.500.50860155.7507
342.50343.000.50430
382.50383.000.50360
PLN25-215090S5878496410603546348-59249.00249.500.50370194.4281
249.50250.000.50710
250.00250.500.50330
252.50253.000.50350
257.50258.000.50320
PLN25-216075S587778641071254655-64169.50170.000.50310194.3239
211.50212.000.502900
213.00213.500.50370
PLN25-21711280S589393639802658534-85299.50300.000.50300160.1575
315.50316.000.50460
336.50337.000.50310
337.00338.001.00<300
338.00338.500.50480
338.50340.001.50<300
340.00340.500.50450
340.50341.000.50650
341.00341.500.50320
341.50343.001.50<300
343.00343.500.50330
343.50344.000.50330
347.50348.000.50570
348.00348.500.50580
348.50349.000.50<300
349.00349.500.50340
349.50350.000.50<300
350.00350.500.50340
350.50351.000.50470
351.00351.500.50320
351.50352.000.50<300
352.00352.500.50700
352.50354.502.00<300
354.50355.000.50400
355.00355.500.505100
355.50356.000.50730
356.00356.500.50910
356.50357.000.50<300
357.00357.500.501000
357.50358.000.50910
358.00358.500.501100
358.50359.000.50490
359.00359.500.50360
359.50360.000.50630
360.00360.500.50680
360.50361.000.50350
361.00361.500.50540
361.50362.000.501200
362.00362.500.50430
362.50363.000.50680
363.00363.500.50540
363.50364.000.50330
364.00364.500.50810
364.50365.000.50610
365.00365.500.501000
365.50366.000.501100
366.00367.001.00<300
367.00367.500.50510
367.50368.000.50420
368.00368.500.50<300
368.50369.000.50340
369.00369.500.50820
369.50370.000.501900
370.00370.500.503300
370.50371.000.502200
371.00371.500.503500
371.50372.000.508500
372.00372.500.504500
372.50373.000.501100
373.00373.500.50630
373.50374.000.501200
374.00374.500.501300
374.50375.000.501300
375.00375.500.50800
375.50376.000.50310
376.00376.500.50300
376.50377.000.50620
377.00377.500.50760
377.50378.000.501700
378.00378.500.502100
378.50379.000.502600
379.00379.500.502700
379.50380.000.501400
380.00380.500.50720
380.50381.501.00<300
381.50382.000.502600
382.00382.500.50520
382.50383.000.501500
383.00383.500.50360
383.50384.000.50680
384.00384.500.50450
384.50385.000.50<300
385.00385.500.50300
385.50386.000.50520
386.00387.001.00<300
387.00387.500.50350
387.50388.000.50370
388.00388.500.50440
388.50389.000.50480
389.00389.500.502100
389.50390.000.506400
390.00390.500.504400
390.50391.000.504500
391.00391.500.502400
391.50392.000.503200
392.00392.500.50750
392.50393.000.50<300
393.00393.500.50420
393.50394.000.50400
394.00394.500.50550
394.50395.000.50350
395.00395.500.50680
395.50396.000.50700
396.00396.500.50360
399.50400.000.50360
400.00400.500.503600
400.50401.000.505800
401.00401.500.502000
401.50402.000.50500
402.00402.500.50<300
402.50403.000.50420
403.00403.500.50530
403.50404.000.50320
404.00405.001.00<300
405.00405.500.50300
405.50406.000.50<300
406.00406.500.50370
406.50407.000.50400
407.00407.500.50310
407.50408.000.50<300
408.00408.500.50300
414.00414.500.50420

Handheld spectrometer composite parameters:
1: Minimum Thickness of 0.5m
2: CPS Cut-Off of 300 counts per second
3: Maximum Internal Dilution of 2.0m

The natural gamma radiation detected in the drill core, as detailed in this news release, was measured in counts per second (cps) using a handheld Radiation Solutions RS-125 spectrometer which has been calibrated by Radiation Solutions Inc. The Company designates readings exceeding 300 cps on the handheld spectrometer (occasionally referred to as a scintillometer in industry parlance; this colloquial usage stems from historical naming conventions and the shared functionality of detecting gamma radiation between a spectrometer and a scintillometer)-as “anomalous”, readings above 10,000 cps as “highly radioactive”, and readings surpassing 65,535 cps as “off-scale”. However, readers are cautioned that spectrometer or scintillometer measurements often do not directly or consistently correlate with the uranium grades of the rock samples and should be regarded solely as a preliminary indicator of the presence of radioactive materials.

Samples from the drill core are split into half sections on site. Where possible, samples are standardized at 0.5m down-hole intervals. One-half of the split sample is sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK while the other half remains on site for reference. Analysis includes a 63 element suite including boron by ICP-OES, uranium by ICP-MS and gold analysis by ICP-OES and/or AAS.

All depth measurements reported are down-hole and true thicknesses are yet to be determined.

About the Patterson Lake North Project:

The Company’s 42,961-hectare 100% owned Patterson Lake North Project (PLN) is located just within the south-western edge of the Athabasca Basin in proximity to Paladin’s Triple R and NexGen Energy’s Arrow high-grade uranium deposits, an area poised to become the next major area of development for new uranium operations in northern Saskatchewan. The PLN Project consists of the 4,074-hectare Patterson Lake North Property hosting the JR Zone Uranium discovery approximately 23km northwest of Paladin’s Triple R deposit, the 19,864-hectare Minto Property, and the 19,022-hectare Broach Property hosting the Tetra Zone, F3’s newest discovery 13km south of the JR Zone. All three properties comprising the PLN Project are accessed by Provincial Highway 955.

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and approved on behalf of the company by Raymond Ashley, P.Geo., President & COO of F3 Uranium Corp, a Qualified Person. Mr. Ashley has reviewed and approved the data disclosed.

About F3 Uranium Corp.:

F3 is a uranium exploration company, focusing on the high-grade JR Zone and new Tetra Zone discovery 13km to the south in the PW area on its Patterson Lake North (PLN) Project in the Western Athabasca Basin. F3 currently has 3 properties in the Athabasca Basin: Patterson Lake North, Minto, and Broach. The western side of the Athabasca Basin, Saskatchewan, is home to some of the world’s largest high grade uranium deposits including Paladin’s Triple R project and NexGen’s Arrow project.

Forward Looking Statements

This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the suitability of the Properties for mining exploration, future payments, issuance of shares and work commitment funds, entry into of a definitive option agreement respecting the Properties, are “forward-looking statements.” These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

The TSX Venture Exchange and the Canadian Securities Exchange have not reviewed, approved or disapproved the contents of this press release, and do not accept responsibility for the adequacy or accuracy of this release.

F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2
Contact Information
Investor Relations
Telephone: 778 484 8030
Email: ir@f3uranium.com

ON BEHALF OF THE BOARD
“Dev Randhawa”
Dev Randhawa, CEO

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261242

Categories
Base Metals Capitalism Morality Energy Exclusive Interviews Junior Mining Precious Metals Project Generators

Rick Rule – Where Wealth is Made Now

New Orleans Investment Conference, Proven And Probable

Register Here:
Rule Symposium: https://bit.ly/458dgJr
Capitalism & Morality: http://bit.ly/4od95Vl
New Orleans Investment Conference: http://bit.ly/45lwjAm
Battle Bank: https://battlebank.com/
Battle Bank Finance Opportunity: https://battlebank.com/battle-financial-inc-invest/

Rumble
Categories
Base Metals Energy Junior Mining Oil & Gas Precious Metals Project Generators

REGISTER HERE! New Orleans Investment Conference

New Orleans Investment Conference, Proven And Probable

Don’t Miss “A Generational Opportunity” at the New Orleans Investment Conference 2025! 🚀

This is your chance to gain unparalleled insights and strategic knowledge from leading figures in the financial and natural resource sectors. The New Orleans Investment Conference, November 2-5, 2025, is truly The World’s Greatest Investment Event.

We’re excited to invite you to join us and learn from the best in the business. This conference is crucial for anyone looking to navigate today’s complex markets and identify future growth opportunities.

Secure your registration today via our dedicated link: 👇 🔗 https://www.eventbrite.com/e/2025-new-orleans-investment-conference-tickets-1073141658589?aff=pp

#NOIC2025 #Investment #FinancialMarkets #NaturalResources #PreciousMetals #GenerationalOpportunity #MarketOutlook #EconomicInsights #Networking #ProvenAndProbable #WealthManagement #Conference

Categories
Base Metals Junior Mining Precious Metals Project Generators

F3 – Increases Mineralized Strike Length of Tetra Zone System to 1.2km

Kelowna, British Columbia–(Newsfile Corp. – July 21, 2025) – F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) (“F3” or “the Company“) is pleased to announce that geochemistry results from re-logging and maiden geochemical analysis of historic holes on the Broach property have returned 423ppm uranium over 0.5m, 1.2km southeast along strike from the recently discovered Tetra Zone (See Figure 1 This development has significantly increased the prospective strike length of the mineralized corridor which hosts the Tetra Zone, where drilling is currently in progress.

The F3 team completed comprehensive re-logging of historic drillholes on the Broach property, including PAT-15-001, PAT-16-002 and PAT-16-004 (See Photo 1). Re-logs noted intense clay alteration and bleaching around the Athabasca Unconformity, including fracture-controlled silicification, particularly in PAT-16-002; these are features often found in proximity to uranium mineralization. Drill holes were re-sampled following F3’s internal sampling procedures and geochemical results are highlighted by drillhole PAT-16-002 which returned 423ppm uranium over 0.5m from 164.5 to 165.0m. PAT-16-002 is located 1.2km to the southeast of Tetra zone (See Figure 1.)

Hole PLN25-201, drilled earlier this year, which we interpret to have overshot the ground conductor, was collared approximately 300m to the northeast of PAT-16-002 and displays similar alteration including intense bleaching and alteration just below the unconformity.

Highlights of historic drill core analysis:

PAT-16-002:

  • 5.5m @ 63ppm U (160.0m to 165.5m), including:
  • 0.5m @ 423ppm U (164.5m to 165.0m)

Sam Hartmann, Vice President Exploration, commented:

“In 2016, a previous operator cored two drill holes targeting gravity anomalies approximately 1.2 km southeast of the Tetra Zone. One of these, PAT-16-002, was drilled 300 meters from our recent PLN25-201 hole, which was the first hole to target the ground conductor we defined last winter, and now host to the Tetra Zone. As no core samples from these historic holes were previously sent for analysis, F3 conducted geological re-logging and then maiden geochemical core sample analysis of the PAT-16-002 and PAT-16-004 cores. In PAT-16-002 we recognized strong clay alteration in the upper basement, with a 0.5-meter interval returning 423 ppm uranium—the highest uranium value recorded in any single exploration core sample from the PLN Project, outside of the JR and Tetra Zones. Only three other core samples across the project have approached this level, including one from PLN14-019 at 397 ppm, which sparked the 2022 exploration of the A1 conductor and lead to the discovery of the JR Zone, and two from PLN24-152, which intersected 0.014% U3O8 over 7 meters, including 0.051% U3O8 over 0.5 meters (see July 30, 2024, news release). The striking similarity in lithologies and alteration styles coupled with highly anomalous uranium values over a 1.2 km distance reinforces our belief of a potentially expansive mineralized system along strike from Tetra, significantly enhancing further discovery potential.”

Map 1. Tetra Zone Area – Prospective Strike Extension

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/259420_d9063abab4420853_002full.jpg

Photo 1. Lithology and Alteration Comparison of Tetra Zone Area and Historic Drillcore – 1.2km Apart

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/259420_d9063abab4420853_003full.jpg

Samples from the drill core are split into half sections on site. Where possible, samples are standardized at 0.5m down-hole intervals. One-half of the split sample is sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK while the other half remains on site for reference. Analysis includes a 63 element suite including boron by ICP-OES, uranium by ICP-MS and gold analysis by ICP-OES and/or AAS.

All depth measurements reported are down-hole and true thicknesses are yet to be determined.

About the Patterson Lake North Project:

The Company’s 42,961-hectare 100% owned Patterson Lake North Project (PLN) is located just within the south-western edge of the Athabasca Basin in proximity to Paladin’s Triple R and NexGen Energy’s Arrow high-grade uranium deposits, an area poised to become the next major area of development for new uranium operations in northern Saskatchewan. The PLN Project consists of the 4,074-hectare Patterson Lake North Property hosting the JR Zone Uranium discovery approximately 23km northwest of Paladin’s Triple R deposit, the 19,864-hectare Minto Property, and the 19,022-hectare Broach Property hosting the Tetra Zone, F3’s newest discovery 13km south of the JR Zone. All three properties comprising the PLN Project are accessed by Provincial Highway 955.

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and approved on behalf of the company by Raymond Ashley, P.Geo., President & COO of F3 Uranium Corp, a Qualified Person. Mr. Ashley has reviewed and approved the data disclosed.

About F3 Uranium Corp.:

F3 is a uranium exploration company, focusing on the high-grade JR Zone and new Tetra Zone discovery 13km to the south in the PW area on its Patterson Lake North (PLN) Project in the Western Athabasca Basin. F3 currently has 3 properties in the Athabasca Basin: Patterson Lake North, Minto, and Broach. The western side of the Athabasca Basin, Saskatchewan, is home to some of the world’s largest high grade uranium deposits including Paladin’s Triple R project and NexGen’s Arrow project.

Forward-Looking Statements

This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the suitability of the Properties for mining exploration, future payments, issuance of shares and work commitment funds, entry into of a definitive option agreement respecting the Properties, are “forward-looking statements.” These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

The TSX Venture Exchange and the Canadian Securities Exchange have not reviewed, approved or disapproved the contents of this press release, and do not accept responsibility for the adequacy or accuracy of this release.

F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2
Contact Information
Investor Relations
Telephone: 778 484 8030
Email: ir@f3uranium.com

ON BEHALF OF THE BOARD
“Dev Randhawa”
Dev Randhawa, CEO

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259420

Categories
Base Metals Emx Royalty Energy Junior Mining Precious Metals Project Generators

EMX Sells its Moroccan Portfolio and Forms Exploration Alliance with Avesoro

Vancouver, British Columbia–(Newsfile Corp. – July 8, 2025) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (“EMX”) is pleased to announce the execution of an exploration alliance agreement (the “Agreement”) in the country of Morocco with Avesoro Morocco LTD (“Avesoro”), a wholly owned subsidiary of Avesoro Holdings LTD, a privately owned, West Africa-focused mid-tier gold producer. The Effective date of the Agreement is March 19, 2025, and key conditions precedent for closing have now been completed. Avesoro Holdings, through its subsidiaries, operates gold mines in the country of Liberia and is looking to expand its operations elsewhere in the region. As such, Avesoro brings high levels of operational and exploration experience in western Africa to the alliance. In Morocco, EMX and Avesoro will work together to advance a portfolio of exploration projects that EMX has assembled and to cooperatively explore for new opportunities.

Avesoro will fully fund the alliance activities, which will include the advancement of certain projects in the EMX Moroccan portfolio, as well as new projects identified by the alliance for acquisition. Under the Agreement, Avesoro will acquire EMX’s operating entity in Morocco (“EMX Corp Morocco”, a wholly owned subsidiary of EMX) that currently domiciles EMX’s exploration projects and its Moroccan exploration staff. Projects slated for advancement under the alliance will be initially designated as Alliance Exploration Projects (“AEP’s”). These will be funded from an annual budget agreed upon by Avesoro and EMX. Once a project reaches an appropriate stage of advancement, it can be converted to a Designated Project (“DP”) and advanced from an independent pool of funding provided by Avesoro.

The initial term of the alliance will be two years but can be extended by mutual agreement. At the end of the alliance term, any AEP’s that have not become DP’s will revert to EMX.

Strategic rationale. The sale of EMX’s Moroccan business unit is the latest example of efficient execution of our Royalty Generation business. The exploration alliance with Avesoro will perpetuate EMX’s upside royalty exposure across a large portfolio of exploration assets in a highly prospective region, while reducing ongoing operational expenses.

Commercial Terms Overview. (all terms in USD)

Alliance stage:

  • Avesoro has made an execution payment to EMX of $650,000.
  • Avesoro will provide an initial pool of capital of at least $1.5 million/year to advance the alliance projects and to make new acquisitions within the country of Morocco. The initial term of the alliance will be two years.
  • Avesoro has agreed to provide the necessary funding to keep the projects in good standing during the term of the alliance.
  • At any time, Avesoro can elect to deem any of the projects a Designated Project (DP).
  • Any project that has not been converted to a DP by the end of the alliance term will be returned to EMX.

Designated project stage:

  • Avesoro will retain a 100% ownership in each of the DPs, with EMX retaining a 2% NSR royalty that is uncapped and cannot be repurchased or reduced.
  • Each DP will have a minimum $2,500,000 work commitment for the first five years and each DP will be funded from an independent pool of capital.
  • Commencing on the first anniversary of the nomination of the first DP, EMX will receive a $50,000 advance royalty payment, escalating by 15% per year until the advance royalty payment reaches $100,000.
  • EMX will also receive additional advance royalty payments for each subsequent project for which a positive feasibility study is delivered. These will begin at $50,000, escalating by 15% per year until the project reaches production or the advance royalty payment reaches $100,000.
  • EMX will also receive milestone payments of $500,000 for each project for which a feasibility study is delivered, and $1,000,000 for each project that reaches production.

Overview of EMX’s Moroccan Portfolio. EMX has been active in Morocco since 2021, conducting reconnaissance exploration programs that have resulted in the acquisition of 18 exploration projects in Morocco, comprising 860 square kilometers (see Figure 1). These include a combination of gold, copper and other base metal projects that are strategically located in several of Morocco’s key mineral belts, with three projects in the highly underexplored Moroccan Sahara region, 14 projects in the well-endowed Anti-Atlas belt, home to several of Morocco’s most significant mineral deposits, and one project in the High-Atlas belt.

Morocco is emerging as an attractive jurisdiction for mineral exploration and mineral resource development, benefiting from a stable regulatory framework, well-developed infrastructure, and highly prospective geological settings. The country hosts significant precious and base metal mines yet remains underexplored compared to other mining regions.

In advance of signing the Alliance, EMX and Avesoro have agreed upon extensive follow-up programs to continue to advance the projects. Nine of the existing EMX projects will be designated as AEP’s at the onset of alliance activities.

More information on the Projects can be found at www.EMXroyalty.com.

Dr. Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.

About EMX. EMX is a precious and base metals royalty company. EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company’s common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol “EMX”. Please see www.EMXroyalty.com for more information.

About Avesoro. Avesoro Resources Inc. is a leading West Africa-focused, privately owned mid-tier gold producer. Deeply committed to sustainable and responsible mining practices, Avesoro strives to create a diverse and inclusive workforce that adheres to strict environmental, social, and governance standards. Avesoro is recognized for its exceptional technical expertise and broad commercial and financial capabilities that span exploration, engineering, construction, and mine operations. Please see www.avesoro.com for more information.

For further information contact:

David M. Cole
President and CEO
Phone: (303) 973-8585
Dave@EMXroyalty.com
Stefan Wenger
Chief Financial Officer
Phone: (303) 973-8585
SWenger@EMXroyalty.com
Isabel Belger
Investor Relations
Phone: +49 178 4909039
IBelger@EMXroyalty.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Forward-Looking Statements

This news release may contain “forward-looking statements” that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the quarter ended March 31, 2025 (the “MD&A”), and the most recently filed Annual Information Form (“AIF”) for the year ended December 31, 2024, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedarplus.ca and on the SEC’s EDGAR website at www.sec.gov.

Figure 1: location map for EMX exploration projects in Morocco

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1508/258006_figure1.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258006

Categories
Base Metals Junior Mining Project Generators

F3 – Hits 13.7% U3O8 Over 2.5m Within 5.5% Over 7.5m at JR

Engaged SLR for Mineral Resource Estimate

Kelowna, British Columbia–(Newsfile Corp. – July 16, 2025) – F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) (“F3” or “the Company“) is pleased to announce the final assay results of 2024 JR Zone drilling including drillhole PLN24-184 (See NR October 29, 2024) which returned 13.0m of 3.2% U3O8, including a high grade core with 2.5m of 13.7% U3O8. Exploration geochemical results are highlighted by PLN24-187 which targeted and intersected the A1 Extension 3.2km along strike from JR Zone, an interpreted continuation of the A1 Main Shear on the southeast side of the Harrison Fault and which intersected strongly elevated uranium values averaging 70ppm over 8.5m, with a peak of 244ppm at 549.0m.

Elevated uranium values of 111ppm U over 5.5m between 193.5 – 199.0m in PLN14-019 helped prioritize the A1 conductor which hosts the JR Zone. Continued anomalous intersects across the Harrison fault, A1 Extension and B1 areas highlight the complex geologic and structural setting which still hosts numerous high priority untested targets.

F3 is also pleased to announce the engagement of SLR International Corporation (“SLR”) to complete the maiden resource estimate for the Company. SLR brings deep familiarity with basement hosted uranium deposit modeling and resource estimation and is qualified to prepare a NI 43-101 Technical Report on the Patterson Lake North Project, targeted for completion in Q4 2025.

2024 JR Zone Highlights:

PLN24-184 (line 105S):

  • 13.0m @ 3.2% U3O8 (228.5m to 241.5m), including:
  • 2.5 @ 13.7% U3O8 (238.0m to 240.5m), further including:
  • 0.5m @ 26.3% U3O8 (238.5m to 239.0m)

PLN24-185 (line 025S):

  • 11.5m @ 2.7% U3O8 (219.5m to 231.0m), including:
  • 3.5m @ 8.2% U3O8 (222.5m to 226.0m), further including:
  • 1.0m @ 17.7% U3O8 (223.0m to 224.0m)

2024 Exploration Highlights:

PLN24-178 (line 2535S):

  • 2.0m @ 94ppm U (446.5m to 448.5m), including:
  • 0.5m @ 128ppm U (446.5m to 447.0m)

PLN24-179 (line 4245S):

  • 0.5m @ 119ppm U (426.0m to 426.5m)

PLN24-187 (line 3240S):

  • 8.5m @ 70ppm U (545.0m to 553.5m), including:
  • 1.5m @ 198ppm U (549.0m to 550.5m), including:
  • 0.5m @ 244ppm U (549.0m to 549.5m)

Sam Hartmann, Vice President Exploration, commented:

“F3 Uranium is pleased to report the completion of the 2024 assay results for the JR Zone drilling program. These results will be integrated into our dataset to support the maiden mineral resource estimate, targeted for completion in Q4 2025. This milestone represents a significant achievement for F3 Uranium, advancing the JR Zone from discovery to a defined resource. During this time, we will continue drilling at our new discovery – the Tetra Zone just 12km to the south.”

Table 1. Drill Hole Summary and Uranium Assay Results


Collar Information
Assay Results
Hole IDGrid LineEastingNorthingElevationAziDipFrom (m)To (m)Interval (m)U3O8 
weight 
%
PLN24-1692820S5894866408554530113-70B1 Exploration; no mineralization >0.05
PLN24-170150S587940641072654658-85A1 Exploration; no mineralization >0.05
PLN24-1713345S589633640801353555-66B1 Exploration; no mineralization >0.05
PLN24-1723780S590006640774953956-65B1 Exploration; no mineralization >0.05
PLN24-1732850S589230640833853755-67A1 Exploration; no mineralization >0.05
PLN24-1743075S589596640811653315-58B1 Exploration; no mineralization >0.05
PLN24-1754245S590243640734854356-67B1 Exploration; no mineralization >0.05
PLN24-17770S587813641074354756-81199.5212.012.500.17
inc.210.5211.00.501.29
PLN24-1782535S589250640836553854-67B1 Exploration; no mineralization >0.05
PLN24-1794245S590178640729254254-64B1 Exploration; no mineralization >0.05
PLN24-1801125S588192640971054254-60A1 Exploration; no mineralization >0.05
PLN24-1812880S589301640838354079-65B1 Exploration; no mineralization >0.05
PLN24-1825280S590644640635553954-72B1 Exploration; no mineralization >0.05
PLN24-1833240S589414640798353054-59B1 Exploration; no mineralization >0.05
PLN24-184105S587753641065454553-62228.5238.09.500.73
238.0240.52.5013.72
inc.238.0239.01.0021.65
240.5241.51.000.05
244.5245.00.500.05
PLN24-185025S587737641073954553-66219.5222.53.000.19
222.5226.03.508.16
inc.223.0224.01.0017.70
226.0231.05.000.34
PLN24-186035S587810641077754651-79187.0187.50.500.08
189.5197.07.500.33
PLN24-1873240S589410640798053154-65B1 Exploration; no mineralization >0.05
PLN24-1884140S590100640736954454-70B1 Exploration; no mineralization >0.05
PLN24-1893450S589589640785354054-70B1 Exploration; no mineralization >0.05
PLN24-1903360S589752640808753154-66B1 Exploration; no mineralization >0.05
PLN24-1912955S5895486408433531232-68B1 Exploration; no mineralization >0.05
PLN24-1922895S589364640843253794-66B1 Exploration; no mineralization >0.05
PLN24-1933015S5894696408464530109-67B1 Exploration; no mineralization >0.05
PLN24-1942865S589594640857853265-66B1 Exploration; no mineralization >0.05

Map 1. JR Zone Drill Holes with Uranium Results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/258906_e3ccfb97a473a8ae_002full.jpg

Map 2. Exploration Highlights

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/258906_e3ccfb97a473a8ae_003full.jpg

Samples from the drill core are split into half sections on site. Where possible, samples are standardized at 0.5m down-hole intervals. One-half of the split sample is sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK while the other half remains on site for reference. Analysis includes a 63 element suite including boron by ICP-OES, uranium by ICP-MS and gold analysis by ICP-OES and/or AAS.

The Company considers uranium mineralization with assay results of greater than 1.0 weight % U3O8 as “high grade” and results greater than 20.0 weight % U3O8 as “ultra-high grade”.

All depth measurements reported are down-hole and true thicknesses are yet to be determined.

About the Patterson Lake North Project:

The Company’s 42,961-hectare 100% owned Patterson Lake North Project (PLN) is located just within the south-western edge of the Athabasca Basin in proximity to Paladin’s Triple R and NexGen Energy’s Arrow high-grade uranium deposits, an area poised to become the next major area of development for new uranium operations in northern Saskatchewan. The PLN Project consists of the 4,074-hectare Patterson Lake North Property hosting the JR Zone Uranium discovery approximately 23km northwest of Paladin’s Triple R deposit, the 19,864-hectare Minto Property, and the 19,022-hectare Broach Property hosting the Tetra Zone, F3’s newest discovery 13km south of the JR Zone. All three properties comprising the PLN Project are accessed by Provincial Highway 955.

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and approved on behalf of the company by Raymond Ashley, P.Geo., President & COO of F3 Uranium Corp, a Qualified Person. Mr. Ashley has reviewed and approved the data disclosed.

About F3 Uranium Corp.:

F3 is a uranium exploration company, focusing on the high-grade JR Zone and new Tetra Zone discovery 12km to the south in the PW area on its Patterson Lake North (PLN) Project in the Western Athabasca Basin. F3 currently has 3 properties in the Athabasca Basin: Patterson Lake North, Minto, and Broach. The western side of the Athabasca Basin, Saskatchewan, is home to some of the world’s largest high grade uranium deposits including Paladin’s Triple R project and NexGen’s Arrow project.

Forward-Looking Statements

This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the suitability of the Properties for mining exploration, future payments, issuance of shares and work commitment funds, entry into of a definitive option agreement respecting the Properties, are “forward-looking statements.” These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

The TSX Venture Exchange and the Canadian Securities Exchange have not reviewed, approved or disapproved the contents of this press release, and do not accept responsibility for the adequacy or accuracy of this release.

F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2
Contact Information
Investor Relations
Telephone: 778 484 8030
Email: ir@f3uranium.com

ON BEHALF OF THE BOARD
“Dev Randhawa”
Dev Randhawa, CEO

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258906

Categories
Base Metals Emx Royalty Energy Junior Mining Precious Metals Project Generators Uncategorized

EMX Sells its Moroccan Portfolio and Forms Exploration Alliance with Avesoro

Dear Friend and Investor,

We’re pleased to share that EMX has sold its Moroccan portfolio and entered into a strategic exploration alliance with Avesoro Holdings. This partnership allows EMX to retain long-term upside through royalties, while Avesoro fully funds the advancement of projects in one of North Africa’s most prospective mineral regions.

Here is the link to the German Translation: 
EMX-NR Morocco Alliance-Ff-FINAL (clean)_DE.pdf
Please feel free to reach out if you have any questions.

NEWS RELEASE

EMX Sells its Moroccan Portfolio and Forms Exploration Alliance with Avesoro

Vancouver, British Columbia, July 8, 2025 (NYSE American: EMX; TSX Venture: EMX) – EMX Royalty Corporation (“EMX”) is pleased to announce the execution of an exploration alliance agreement (the “Agreement”) in the country of Morocco with Avesoro Morocco LTD (“Avesoro”), a wholly owned subsidiary of Avesoro Holdings LTD, a privately owned, West Africa-focused mid-tier gold producer. The Effective date of the Agreement is March 19, 2025, and key conditions precedent for closing have now been completed. Avesoro Holdings, through its subsidiaries, operates gold mines in the country of Liberia and is looking to expand its operations elsewhere in the region. As such, Avesoro brings high levels of operational and exploration experience in western Africa to the alliance. In Morocco, EMX and Avesoro will work together to advance a portfolio of exploration projects that EMX has assembled and to cooperatively explore for new opportunities. 

Avesoro will fully fund the alliance activities, which will include the advancement of certain projects in the EMX Moroccan portfolio, as well as new projects identified by the alliance for acquisition. Under the Agreement, Avesoro will acquire EMX’s operating entity in Morocco (“EMX Corp Morocco”, a wholly owned subsidiary of EMX) that currently domiciles EMX’s exploration projects and its Moroccan exploration staff. Projects slated for advancement under the alliance will be initially designated as Alliance Exploration Projects (“AEP’s”). These will be funded from an annual budget agreed upon by Avesoro and EMX. Once a project reaches an appropriate stage of advancement, it can be converted to a Designated Project (“DP”) and advanced from an independent pool of funding provided by Avesoro. 

The initial term of the alliance will be two years but can be extended by mutual agreement. At the end of the alliance term, any AEP’s that have not become DP’s will revert to EMX. 

Strategic rationale. The sale of EMX’s Moroccan business unit is the latest example of efficient execution of our Royalty Generation business.  The exploration alliance with Avesoro will perpetuate EMX’s upside royalty exposure across a large portfolio of exploration assets in a highly prospective region, while reducing ongoing operational expenses. 

Commercial Terms Overview. (all terms in USD)

Alliance stage:

  • Avesoro has made an execution payment to EMX of $650,000.
  • Avesoro will provide an initial pool of capital of at least $1.5 million/year to advance the alliance projects and to make new acquisitions within the country of Morocco. The initial term of the alliance will be two years.
  • Avesoro has agreed to provide the necessary funding to keep the projects in good standing during the term of the alliance.
  • At any time, Avesoro can elect to deem any of the projects a Designated Project (DP).
  • Any project that has not been converted to a DP by the end of the alliance term will be returned to EMX.

Designated project stage:

  • Avesoro will retain a 100% ownership in each of the DPs, with EMX retaining a 2% NSR royalty that is uncapped and cannot be repurchased or reduced. 
  • Each DP will have a minimum $2,500,000 work commitment for the first five years and each DP will be funded from an independent pool of capital. 
  • Commencing on the first anniversary of the nomination of the first DP, EMX will receive a $50,000 advance royalty payment, escalating by 15% per year until the advance royalty payment reaches $100,000. 
  • EMX will also receive additional advance royalty payments for each subsequent project for which a positive feasibility study is delivered. These will begin at $50,000, escalating by 15% per year until the project reaches production or the advance royalty payment reaches $100,000.
  • EMX will also receive milestone payments of $500,000 for each project for which a feasibility study is delivered, and $1,000,000 for each project that reaches production.

Overview of EMX’s Moroccan Portfolio. EMX has been active in Morocco since 2021, conducting reconnaissance exploration programs that have resulted in the acquisition of 18 exploration projects in Morocco, comprising 860 square kilometers (see Figure 1). These include a combination of gold, copper and other base metal projects that are strategically located in several of Morocco’s key mineral belts, with three projects in the highly underexplored Moroccan Sahara region, 14 projects in the well-endowed Anti-Atlas belt, home to several of Morocco’s most significant mineral deposits, and one project in the High-Atlas belt.

Morocco is emerging as an attractive jurisdiction for mineral exploration and mineral resource development, benefiting from a stable regulatory framework, well-developed infrastructure, and highly prospective geological settings. The country hosts significant precious and base metal mines yet remains underexplored compared to other mining regions. 

In advance of signing the Alliance, EMX and Avesoro have agreed upon extensive follow-up programs to continue to advance the projects. Nine of the existing EMX projects will be designated as AEP’s at the onset of alliance activities.

More information on the Projects can be found at www.EMXroyalty.com.

Dr. Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.

About EMX. EMX is a precious and base metals royalty company. EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company’s common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol “EMX”. Please see www.EMXroyalty.com for more information.

About Avesoro. Avesoro Resources Inc. is a leading West Africa-focused, privately owned mid-tier gold producer. Deeply committed to sustainable and responsible mining practices, Avesoro strives to create a diverse and inclusive workforce that adheres to strict environmental, social, and governance standards. Avesoro is recognized for its exceptional technical expertise and broad commercial and financial capabilities that span exploration, engineering, construction, and mine operations. Please see www.avesoro.com for more information.

For further information contact:

David M. ColePresident and CEOPhone: (303) 973-8585Dave@EMXroyalty.comStefan WengerChief Financial OfficerPhone: (303) 973-8585SWenger@EMXroyalty.comIsabel BelgerInvestor Relations  Phone: +49 178 4909039IBelger@EMXroyalty.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Forward-Looking Statements

This news release may contain “forward looking statements” that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential”  and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this 

news release or as of the date otherwise specifically indicated herein.  Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the quarter ended March 31, 2025 (the “MD&A”), and the most recently filed Annual Information Form (“AIF”) for the year ended December 31, 2024, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedarplus.ca and on the SEC’s EDGAR website at www.sec.gov.

Figure 1: location map for EMX exploration projects in Morocco

Kind regards,

Isabel Belger

Investor Relations Manager

Email: ibelger@emxroyalty.com

Mobile: +49 178 4909039

Unsubscribe

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

Empress Executes Binding Term Sheet for US$3,000,000 Gold and Silver Royalty

VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / July 7, 2025 / Empress Royalty Corp. (TSXV:EMPR)(OTCQX:EMPYF) (“Empress Royalty” or the “Company“) is pleased to announce it executed a binding term sheet (the “Term Sheet“) on July 4, 2025 with Milford Mining Company Utah, LLC (“Milford Mining“) to purchase a 5% royalty (the “Royalty“) on the gross gold and silver ounces produced and sold from the Milford Copper Mine (the “Mine“), located in Milford near Beaver County, Utah, USA for US$3,000,000.

Milford Mining advises that it intends to use the proceeds from the sale of the Royalty to increase the production capacity of the Mine to meet the growing global demand for copper.Since acquiring the Mine in 2023, Milford Mining has focused on revitalizing processing infrastructure and implementing sustainable mining practices to enhance operational efficiency at the Mine. The planned expansion aims to scale operations, exploring new targets across the mineralized district, and enhance infrastructure to support future growth.

This transaction represents a significant milestone for Empress – our first US royalty and a highly strategic addition to our portfolio of precious metal royalties and streams,” stated Alexandra Woodyer Sherron, CEO & President of Empress Royalty. “The Milford Copper Mine offers near-term production, a scalable restart plan, and valuable gold and silver by-products that align with our core investment thesis. We structured the royalty to reflect our disciplined approach to capital allocation, and we expect to fund the investment using our existing cash and precious metal holdings. We are excited to support Milford Mining and look forward to closing the transaction in the near future.”

The closing and funding of the Royalty are subject to the execution of a definitive agreement (the “Definitive Agreement“) between the Company and Milford. Certain key terms that have been agreed include:

  • The Royalty is a 5% royalty on the gross gold and silver ounces produced and sold from the Mine.
  • The purchase price for the Royalty is US$3,000,000 payable to Milford Mining at closing.
  • The Royalty will terminate when the payments made to Empress total US$12,000,000.
  • If certain minimum monthly gold and silver sales are not achieved by Milford Mining, Empress will receive a payment to top it up to the amount of the Royalty payments it would have received had these minimum sales levels been met.

Funding is subject to customary conditions precedent, including the finalization and execution of documentation and the provision of customary legal opinions.

ABOUT EMPRESS ROYALTY CORP.

Empress is a global royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments. Empress has built a portfolio of precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial and Terra Capital which allow Empress to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models.

ON BEHALF OF EMPRESS ROYALTY CORP.

Per: Alexandra Woodyer Sherron, CEO and President

For further information, please visit our website at www.empressroyalty.com or contact us by email at info@empressroyalty.com or by phone at +1.604.331.2080.

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 press release.

The information contained herein includes “forward-looking statements” and “forward looking information” as defined under applicable Canadian securities laws (“forward-looking statements”). Forward-looking statements and information can generally be identified by the use of terms such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “continue”, “believe”, “plans”, “anticipate” or similar terms.

Forward-looking information and statements include, but are not limited to, statements with respect to the activities, events or developments that Empress Royalty Corp. (“Empress” or the “Company”) expects or anticipates will or may occur in the future, including those regarding future growth and ability to create new streams or royalties, the development and focus of the Company, its acquisition strategy, the plans and expectations of the operators of the projects underlying its interests, including the proposed advancement and expansion of such projects; the results of exploration, development and production activities of the operators of such projects; and the Company’s expectations regarding future revenues.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about Empress’s business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions and although the assumptions made by the Company in providing forward-looking information and statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of Empress to differ materially from any projections of results, performances and achievements of Empress including, without limitation, any inability of the operators of the properties underlying the Company’s royalty and stream interests to execute proposed plans for such properties or to achieve planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, risks related to international operations, government relations and environmental regulation, uncertainty relating to the availability and costs of financing needed in the future and the Company’s ability to carry out its growth plans and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Empress for the year ended December 31, 2024 and its other publicly filed documents under its profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information and statements. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws. Disclosure relating to properties in which Empress holds royalty or stream interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. In addition, certain information publicly reported by operators may relate to a larger property than the area covered by the Company’s interest, which often may only apply to a portion of the overall project area or applicable mineral resources or reserves.

SOURCE: Empress Royalty Corp.

Categories
Base Metals Energy Junior Mining Project Generators

Strathmore Announces Private Placement up to $1M

Kelowna, British Columbia–(Newsfile Corp. – June 3, 2025) – Strathmore Plus Uranium Corporation (CSE: SUU) (OTCQB: SUUFF) (“Strathmore Plus” or “the Company“) is pleased to announce the initiation of a non-brokered private placement (the “Offering”) to raise gross proceeds up to $1,000,000 from the sale of 8,333,334 units of the Company (each, a “Unit”) at a price of C$0.12 per Unit (the “Offering Price”).

Each Unit consists of one common share of the Company (each, (a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”). Each Warrant will be exercisable to acquire one additional common share at an exercise price of $0.15 per share for a period of 36 months following the issue date of the Units.

The net proceeds of the Offering will be used for working capital and further exploration of the Company’s Wyoming properties. Finder’s fees and/or commissions may be paid in connection with that funding. This news release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

All securities issued pursuant to the Offering will be subject to a hold period of four (4) months and a day from the closing date in accordance with securities laws. Insiders are expected to participate in the Offering. Any participation by insiders in the Offering will constitute a related party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“) but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. The closing of this Offering remains subject to several conditions including receipt of subscriptions and regulatory approval, if required.

About Strathmore Plus Uranium Corp.

Strathmore is focused on discovering uranium deposits in Wyoming, and has three permitted uranium projects including Agate, Beaver Rim, and Night Owl. The Agate and Beaver Rim properties contain uranium in typical Wyoming-type roll front deposits based on historical drilling data. The Night Owl property is a former producing surface mine that was in production in the early 1960s.

Strathmore Plus Uranium Corp.
Contact Information:
Jamie Bannerman
Telephone: 1 250-868-6553
Email: jamie@rdcapital.com

ON BEHALF OF THE BOARD
“Dev Randhawa”
Dev Randhawa, CEO

Cautionary Statement: “Neither the CSE Exchange nor its Regulation Services Provider (as the term is defined in policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release”.

Notice Regarding Forward-Looking Statements

This news release may contain certain “forward looking statements.” Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise.info

SOURCE: Strathmore Plus Uranium Corp.