Market Signal Briefing

Bitcoin institutional traders bet over $1.15 billion on downside protection in 24 hours with put options accounting for 28% of market transactions targeting $104,000 to $108,000 range, as one whale opened a $392 million short position with $5.7 million unrealized gains while Bitcoin holds above $110,000.

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During the recent crypto market sell-off that was triggered by Trump’s tariffs on China, the crypto market witnessed significant declines. The market saw over $19 billion in liquidations, marking one of the largest single-day losses in crypto history. While Bitcoin dropped below $105k levels, major altcoins also saw steep declines.

Solana Handles High Volume Despite Market StressThe crypto sell-off was a real stress test for major blockchains, which revealed key differences between Solana and Ethereum under pressure.

Notably, Solana proved resilient, handling around 1,200–1,300 transactions per second even during the peak of the chaos, with block confirmations taking just 400–450 milliseconds. Fees spiked briefly to 20–30 cents but quickly dropped back below a cent. 

The network remained stable throughout, with no major slowdowns or congestion, which highlighted Solana’s ability to perform under extreme market stress.

Ethereum’s Network Slows and Fees SpikeHowever, Ethereum struggled during the market turmoil, processing only about 13–15 transactions per second on its base layer, with block times stretching to 14–15 seconds. Gas fees shot above $500 per transaction at peak congestion, effectively pricing out most users and stalling wallets and DeFi operations. 

While Solana remained fully functional, which shows that recent improvements like Firedancer, QUIC, and stake-weighted QoS boosted the network’s performance.

“When users are priced out and transactions can’t clear, the network might as well be offline. Under high load, blockchains must remain accessible, affordable, and reliable,” treasury firm DefiDevCorp said. 

When the largest liquidation event in crypto history hit last Friday, $ETH choked, but $SOL didn’t.

During peak stress, Solana sustained 1,225 TPS, finalized blocks in 350ms, and saw average fees peak at just $0.25 before quickly returning below $0.01.

Ethereum struggled to… pic.twitter.com/OMzWsxmXFh

— DeFi Dev Corp. (DFDV) (@defidevcorp) October 13, 2025 Zero Issues With SolanaCrypto researcher Aylo also shared his experience during the market crash. He had assets and DeFi positions open on both Solana and Ethereum and reported zero issues using Solana. In contrast, he noted that Ethereum, on the other hand, was unusable due to high costs during the market crash, and wallet services like Rabby also went down.

He shared that Solana proved to be the most reliable and performant chain under heavy load, although it is not fully reflected in its current valuation.

I had assets and DeFi positions open on both Solana and Ethereum when shit hit the fan last Friday.

I had zero issues using Solana.

Ethereum was unusable due to the costs as it always is during market crashes + Rabby also went down.

ETH maxis should be much angrier about…

— Aylo (@alpha_pls) October 13, 2025 This shows how Solana’s high-throughput design handles extreme market stress better than Ethereum’s more security-focused base layer.

Solana’s Resilience Under PressureAlthough Ethereum’s scaling solutions like Arbitrum and Base work well in normal times, its mainnet can choke during market panic moments. However, Solana, built for speed from the ground up, handles stress smoothly. 

With over 20 months of uptime since early 2023, it is proving that under pressure, raw speed and reliability can rival even Ethereum’s massive, decentralized ecosystem.

If these trends continue, Solana’s reliability during market chaos could make it more appealing to traders, developers, and DeFi protocols than Ethereum.

While both the networks have their own strengths, as Ethereum stands out for its decentralization and long track record, while Solana is built for speed and low transaction costs, the recent market crash emphasized how reliability and performance under stress are becoming key factors for consideration. 

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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The founder and CEO of Polygon recently highlighted the network's growth, stating that Polygon's presence in Europe rivals its dominance in Southeast Asia and Latin America. This expansion was underscored by the announcement that ODDO BHF, a 175-year-old French banking giant, launched its Euro-backed stablecoin, EUROD, exclusively on Polygon.

Roger Ver, one of Bitcoin’s (BTC) earliest and most controversial champions, has agreed to pay $49.9 million to resolve a U.S. tax evasion case, according to a Department of Justice (DOJ) filing released October 14.

The settlement comes through a deferred prosecution agreement, which closes the door on mail fraud and tax evasion charges stemming from Ver’s decision to renounce U.S. citizenship in 2014.

Why the IRS went after ‘Bitcoin Jesus’
Ver, often called “Bitcoin Jesus” for distributing BTC freely in the early 2010s to spread adoption, failed to properly disclose the full size of his Bitcoin fortune when he expatriated.

By law, individuals who give up U.S. citizenship must pay an “exit tax” on all global assets. Prosecutors said Ver intentionally concealed holdings, causing a $16.8 million federal tax loss.

Adding in fraud penalties and accrued interest, his liability swelled to nearly $50 million.

U.S. citizenship change sparked tax clash
The California-born investor became a citizen of St. Kitts and Nevis in 2014 and filed his expatriation-related returns in 2016. The DOJ said those filings deliberately understated his Bitcoin wealth, violating federal tax rules.

Despite his status as a leading crypto evangelist, Ver’s omission placed him in direct conflict with the IRS at a time when regulators were sharpening their focus on digital assets.

Authorities warn crypto investors
U.S. officials stressed that digital asset holders face the same obligations as traditional taxpayers.

“Whether you deal in dollars or digital assets, you must file accurate tax returns and pay what you owe,” said Associate Deputy Attorney General Ketan D. Bhirud.

The settlement spares Ver from prison time but forces him to surrender a large portion of his crypto fortune, with the deal closing a decade-long dispute, but it also cements the IRS’s stance that cryptocurrency profits, no matter how early, remain taxable and enforceable.

October 16, 2025 7:25 AM EDT | Source: Canstar Resources Inc.
Toronto, Ontario--(Newsfile Corp. - October 16, 2025) - Canstar Resources Inc. (TSXV: ROX) ("Canstar" or the "Company") reports that the 2025 trenching program at Canstar's Mary March project, located in Newfoundland's historic Buchans Mining District, has advanced to the final stages. Trenching exposed more than 20 metres of footwall mineralization, containing thin lenses of high-grade base metal mineralization in bedrock. Identification of copper-, lead- and zinc-rich zones is encouraging as they potentially represent the up-dip extension of mineralization first identified in 1999/2000 in drill hole MM-294-03, extending it 130 metres to the surface and 80 metres to the northeast. This discovery further confirms the project's potential to host very high-grade volcanogenic massive sulphide ("VMS") mineralization.

Highlights

Bedrock samples from two trenches4, 125m apart, exposed a strongly mineralized zone containing semi-massive pyrite-sphalerite-galena-chalcopyrite lenses. The presence of these sulphide minerals has been confirmed by various portable X-ray fluorescence device ("pXRF") spot analyses, which returned maximum yields up to +30% zinc, 3% lead and 4% copper.1 Analysis of one sample providing readings ranging from 16.9% to 31.57% zinc and 0.17% to 3.08% lead. A separate sample had readings ranging from 0.81% to 4.28% copper.

High-grade lenses, containing pyrite-sphalerite-galena-chalcopyrite stringers, occur in a zone of lower-grade footwall mineralization, at least 20 m thick.

This style of mineralization closely resembles mineralization intercepted in drill hole MM-294-03, which intercepted 20.6 m grading 3.02% zinc and 1.08% lead.

The trenching program produced 130 samples in total, sent for whole rock geochemistry and assaying, the results of which the Company will release when available.

This prospect is located 590m west of the Mary March intercept (9.63 metres grading 4.2 g/t gold, 122 g/t silver, 10.1% zinc, 1.8% lead, and 0.64% copper2) and is believed to be part of the same mineralizing system.

Mineralized zones occur in proximity to newly mapped chargeability anomalies, strengthening confidence in chargeability surveys for defining drill targets.

The Mary March project, located in the historic Buchans district, remains one of the least explored parts of one of the world's highest-grade VMS camps.

Detailed mapping and re-logging of historic drill holes are currently ongoing; results will be used in geological modelling and data integration by Terra AI.

The results of this season's programs will be used to refine drill targets for exploration drilling expected to commence at the beginning of the 2026 exploration season.

"Our trenching results reinforce why we are so excited about Mary March," said Juan Carlos Girón Jr., President & CEO of Canstar Resources. "We know from historical work that this district has hosted some of the highest-grade VMS deposits globally, and these new exposures provide further, direct evidence of high-grade mineralization in new areas. They also coincide with recently defined geophysical anomalies, illustrating how our geology-first, data-driven approach, led by Dr. Harold Gibson, is steadily converging toward high-confidence drill targets. We're very pleased with the quality of the work and continue building momentum across our Newfoundland exploration portfolio."

Program Update

The Company is trenching and conducting geological mapping across priority targets to better characterize surface mineralization and structure. All historic drilling on the project has now been digitized and spatially verified, providing a robust foundation for the construction of a geological model. A detailed graphic relogging and geochemistry program is ongoing to develop a thorough understanding of the volcanic stratigraphy, alteration, mineralization and structural deformation of the area. This dataset will be used with Terra AI's machine-learning platform to refine target generation ahead of drilling.

Canstar's technical team analyzed the trenching samples in the field with a pXRF device to obtain preliminary geological observations, project analysis, and vectoring. These readings are preliminary and selective, measuring only a tiny fraction of the most mineralized portions of hand samples. Assay results from accredited laboratories will be reported when available.1

Project Context

The Buchans mining district produced five major deposits between the 1920s and 1980s3 with average ore grades of 14.51% zinc, 7.56% lead, 1.33% copper, 126 g/t silver, and 1.37 g/t gold – exceeding 20% combined base metals. These deposits also produced over 60 million oz of silver and more than 700,000 oz of gold. Mary March, situated in an underexplored sector of this prolific belt, continues to demonstrate potential for similar high-grade, polymetallic mineralization.

Next Steps

Canstar has almost completed mapping and channel sampling of the mineralized trenches and intends to ship the final samples for assay within the week. The Company plans to integrate all new and historical data into its 3-D model and finalize drill targeting in collaboration with Terra AI. Pending results, the Company anticipates a first-phase drill program during the 2026 exploration season, subject to additional permitting and conditions.

Acquisition of Newfoundland Mining Claims

The Company has entered into option agreements dated September 25, 2025 (the "Option Agreements") with certain arm's length parties (each, an "Optionor") to acquire an undivided 100% legal and beneficial interest in certain mineral licenses located in Newfoundland and Labrador, Canada.

The new acquisitions expand Canstar's land position in the Mary March area of the Buchans District, Central Newfoundland, one of Canada's most prolific volcanogenic massive sulphide ("VMS") camps. These licenses directly adjoin the Mary March project, a polymetallic VMS target prospective for copper, zinc, lead, gold, and silver, and extend Canstar's footprint over areas of strong geophysical anomalism, including part of a ~1.2 km IP chargeability trend recently identified and being trenched by the Company.

The additions increase Canstar's strategic control of highly prospective ground within the Buchans VMS corridor, strengthening its district-scale position and aligning with the Company's strategy to consolidate and systematically explore key VMS belts in Newfoundland. The newly acquired claims are geologically analogous to those hosting significant historical mineralization within the camp, including the nearby Mary March and Buchans deposits.

Under the terms of the agreements:

Canstar has been granted an option to acquire a 100% undivided interest in mineral licenses 037025M, 038219M, 038658M, and 038582M, comprising a total of twenty-nine (29) mineral claims located in Newfoundland and Labrador.

To maintain the option in good standing, Canstar will make aggregate payments of $71,000 in cash and issue 350,000 common shares of the Company over a three-year period. Upon exercise of the option, each Optionor will retain a 2.0% net smelter returns ("NSR") royalty on their respective license, one-half (1.0%) of which may be repurchased by the Company for $1,000,000.

All securities issued pursuant to the Option Agreements will be subject to a statutory hold period of four months and one day from the date of issuance. The transactions remain subject to TSX Venture Exchange approval.

Qualified Person

Bob Patey, P.Geo, VP Exploration for Canstar and a Qualified Person as defined in NI 43-101, has reviewed and approved the scientific and technical information in this news release.

Acknowledgement

Canstar acknowledges the financial support of the Junior Exploration Assistance ("JEA") Program from the Government of Newfoundland and Labrador Department of Industry, Energy and Technology, which has been a valuable contribution to the exploration programs on the Company's Buchans-Mary March and Golden Baie projects.

About Canstar Resources Inc.

Canstar Resources Inc. (TSXV: ROX) is an exploration company focused on critical minerals and gold. The Company's 100%-owned Golden Baie Project (489.5 km2) hosts high-grade gold and antimony showings along a major mineralized structure that also hosts a large number of gold deposits. The Buchans and Mary March projects (122.5 km2) are located within the world-class, past-producing VMS zinc-, copper-, and silver-rich Buchans Mining Camp and boast high-grade zinc and copper discoveries.

Notes

pXRF readings are screening-level only and are not a substitute for assaying. The pXRF model used is a V2MR Vanta Max from Evident Scientific, calibrated at the factory and monitored for accuracy using three certified reference materials.Reported by Phelps Dodge in 1999 : 9.63 metres grading 4.2 g/t gold, 122 g/t silver, 10.1% zinc, 1.8% lead, and 0.64% copperHistorical production source: Zinc and Lead, Mineral Commodities of Newfoundland and Labrador, Geological Survey of Newfoundland and Labrador, Compiled by R.J. Wardle, 2008Trench MM25-TR-05 534,221m E 5,408,899m N azimuth 135, Trench MM25-TR-06 533,984m E 5,408,671m N Azimuth 140. Coordinates are in NAD 27, Zone 21 NNeither 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 Statements

This news release contains "forward-looking statements" that are not historical facts. Forward-looking statements relate to future events or performance and include, but are not limited to: the objectives, scope, and anticipated benefits of the $11.5 million joint venture with VMSC; expectations that geological mapping, relogging, LiDAR surveys, and geophysical modelling will identify and refine VMS drill targets; planned trenching, drilling, and other exploration activities; interpretations of geological similarities to the historic Buchans deposits; and the expected completion of a revised geological model and definitive joint venture agreements.

Such statements are based on current assumptions and subject to known and unknown risks and uncertainties that may cause actual results to differ materially, including: failure to complete the definitive JV agreement; geological interpretations proving inaccurate; exploration activities not yielding expected results; delays or inability to commence planned programs; permitting or logistical challenges; and general exploration, market, and commodity price risks. Additional risks are described in the Company's public filings on SEDAR+.

The Company does not guarantee that forward-looking statements will prove accurate, and actual results may differ materially. Forward-looking information is provided as of the date of this news release, and the Company undertakes no obligation to update or revise it except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270672

Pernod Ricard SA (OTCPK:PRNDY) Q1 2026 Sales Call October 16, 2025 3:00 AM EDT

Company Participants

Florence Tresarrieu
Hélène de Tissot - Executive Vice President of Finance & Tech

Conference Call Participants

Edward Mundy - Jefferies LLC, Research Division
Laurence Whyatt - Barclays Bank PLC, Research Division
Sanjeet Aujla - UBS Investment Bank, Research Division
Trevor Stirling - Sanford C. Bernstein & Co., LLC., Research Division
Chris Pitcher - Rothschild & Co Redburn, Research Division

Presentation

Florence Tresarrieu

Good morning to all of you. We're very pleased to welcome you today to our Pernod Ricard Q1 FY '26 sales call. I'm in the room with Hélène de Tissot, Group CFO. Hélène will take you through the numbers with some opening remarks. And after that, we're going to take your questions. Hélène, over to you.

Hélène de Tissot
Executive Vice President of Finance & Tech

Good morning, Florence. Good morning, everyone, and thank you for joining today's Fiscal Year '26 Q1 sales. So we are reporting today a 7.6% decline in organic net sales for our first quarter. As flagged in our recent full year communication, the slow start to this year was expected with 4 key reasons. First, in the U.S., and while we are encouraged to see that sellout performance in the U.S. is continuing to improve related to the market, our U.S. net sales have declined in Q1, amplified by inventory adjustments.

Second, the sharp contraction of sales in China in the context of continuing macroeconomic and consumer sentiment weakness, and also reflecting the impact of some trade inventory adjustments. The impact of the technical effects in those 2 markets on our Q1 means that the underlying performance is significantly better than on net sales by circa 3 points. Third, strong underlying growth in India, though with sales negatively impacted by excise policy changes in Maharashtra State

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Purchase price represents an approximate 6.6x multiple on Adjusted EBITDA for the  trailing twelve months ended June 30, 2025

, /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") announced today that it has reached an agreement to sell the operations of MGM Northfield Park to private equity funds managed by Clairvest Group Inc. (TSX: CVG) ("Clairvest") for $546 million in cash, subject to customary purchase price adjustments.

"I want to thank our MGM Northfield Park employees who have consistently delivered world-class gaming and entertainment experiences to our guests. This is a great property with great opportunity ahead," said Bill Hornbuckle, CEO & President, MGM Resorts International. "At MGM Resorts, our vision is to be the world's premiere gaming entertainment company. To achieve this vision, we're focused on growing our digital business, developing our international expansion opportunities, and continuing to invest in our leading integrated resorts domestically."

For the twelve months ended June 30, 2025, MGM Northfield Park reported Adjusted EBITDAR of approximately $137 million1.  At the closing of the transaction, MGM Resorts' master lease agreement with VICI, which currently includes MGM Northfield Park, will be amended to reduce annual rent by $54 million2. The Company expects estimated net cash proceeds after taxes and transaction costs to be approximately $420 million. 

"This is an excellent result for MGM Resorts and demonstrates consistency in driving transaction multiples at meaningful premiums over where MGM Resorts currently trades. The divestiture underscores MGM Resorts' exceptional financial stewardship, delivering substantial value well beyond the original acquisition price," said Jonathan Halkyard, CFO & Treasurer, MGM Resorts International. "We appreciate VICI, as the real estate owner of MGM Northfield Park, working constructively with Clairvest to facilitate a new lease agreement." 

MGM Growth Properties LLC ("MGP") acquired the Hard Rock Rocksino Northfield Park in July 2018. In 2019, MGM Resorts acquired the operations from MGP for $275 million plus purchase price adjustments and rebranded the property as MGM Northfield Park. 

The transaction is expected to close in the first half of 2026, subject to the receipt of regulatory approvals and other customary closing conditions.

Jefferies LLC and SMBC Nikko Securities America, Inc. served as advisors and Weil, Gotshal & Manges LLP served as legal counsel to MGM Resorts.

About MGM Resorts International
MGM Resorts International (NYSE: MGM) is an S&P 500® global gaming and entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 31 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in the industry. The Company's 50/50 venture, BetMGM, LLC, offers sports betting and online gaming in North America through market-leading brands, including BetMGM and partypoker, and the Company's subsidiary, LV Lion Holding Limited, offers sports betting and online gaming through market-leading brands in several jurisdictions throughout Europe and Brazil. The Company is currently pursuing targeted expansion in Asia through an integrated resort development in Japan. Through its Focused on What Matters philosophy, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests, and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®. For more information, please visit us at www.mgmresorts.com. Please also connect with us @MGMResortsIntl on X as well as Facebook and Instagram.

Forward Looking Statements
Statements in this release that are not historical facts are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and involve risks and/or uncertainties, including those described in the Company's public filings with the Securities and Exchange Commission. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "could," "may," "will," "should," "seeks," "likely," "intends," "plans," "pro forma," "projects," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. The Company has based forward-looking statements on management's current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, the Company's expectations regarding the closing of the sale and any benefits expected to be received from the sale, including the Company's expected net cash proceeds. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise, and the Company may not be able to realize them. The Company does not guarantee that the transaction or other events described herein will happen as described (or that they will happen at all). These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include risks related to the Company's ability to complete the transaction on the terms described herein or all, the satisfaction of the closing conditions to which the completion of the transaction is subject, including, but not limited to, the receipt of regulatory approvals, which could delay or prevent the completion of the transaction, the effects of economic conditions and market conditions in the markets in which the Company operates and competition with other destination travel locations throughout the United States and the world, the design, timing and costs of expansion projects, risks relating to international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in the Company's Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If the Company updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

Non-GAAP Financial Measures
This press release includes Adjusted EBITDAR for MGM Northfield Park, which is a "non-GAAP financial measure" as defined in Regulation G under the Securities Exchange Act of 1934, as amended. For a reconciliation of LTM Adjusted EBITDAR to net income see footnote 1 to this press release. This press release also includes a multiple based on LTM Adjusted EBITDA. LTM Adjusted EBITDA is LTM Adjusted EBITDAR less cash rent of $54 million (for more information on cash rent see footnote 2 of this press release).

(1)

Calculated as net income of $56.3 million, adjusted for $0.9 million of interest expense, $14.4 million of depreciation expense, $0.2 million of property transactions, net, and $65.2 million of rent expense associated with triple-net operating leases.

(2)

Represents initial agreed cash rent of $53 million, which is subject to a 2% escalator on May 1, 2026. On this date, the rent will increase to $54 million.

MGM RESORTS CONTACTS

Investment Community:
SARAH ROGERS, Senior Vice President of Corporate Finance
(702) 730-3942, [email protected] 

HOWARD WANG, Vice President of Investor Relations
(702) 693-8711, [email protected]

News Media:
BRIAN AHERN, Executive Director of Communications
[email protected]

SOURCE MGM Resorts International

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Vancouver, BC, Oct. 16, 2025 (GLOBE NEWSWIRE) -- First American Uranium Inc. (CSE: URM) (FSE: IOR) (OTCPK: FAUMF) (“First American Uranium”, or the “Company”) is pleased to announce that, further to its news release dated October 7, 2025, it has completed the acquisition (the “Acquisition”) of a 100% legal and beneficial interest in certain mineral properties comprising a strategic land package in the Grenville Province of Quebec (the “Properties”), pursuant to the terms of a property purchase agreement (the “Agreement”) dated October 6, 2025, among the Company and a group of arm’s length vendors (the “Vendors”).

Under the terms of the Agreement, the Vendors transferred to the Company a 100% interest in the Properties, free and clear of all encumbrances. As consideration, the Company issued an aggregate of 4,020,000 common shares (the “Consideration Shares”) at a deemed issuance price of $0.85 per Consideration Share to the Vendors upon closing. The Consideration Shares will be allocated among the Vendors in varying amounts, corresponding to their respective ownership interests in the Properties.

The Consideration Shares will be issued pursuant to exemptions from the prospectus requirements of applicable Canadian securities laws and will be subject to a statutory hold period of four months and one day from the date of issuance.

This Acquisition marks First American Uranium’s initial entry into Quebec, regarded as a mining-friendly jurisdiction, with the Properties located in the Grenville Province – a region that the Company believes is recognized for its elevated number of rare earth elements (“REE”), niobium (“Nb”), and nickel-copper (“Ni-Cu”) occurrences.

The Properties host multiple high-priority showings, including;

Blanchette-1 (REE & Ni-Cu): A grab sample collected by Quebec government geologists returned 2.7% Total Rare Earth Elements (TREE), including 4,090 ppm neodymium (Nd). On this same outcrop, A nickel-copper quartz vein sample returned 0.25% Cu and 0.1% Ni, hosted in a highly deformed paragneiss associated with gabbro boudins. Blanchette-2 (REE): A grab sample collected by Quebec government geologists returned 0.17% Total Rare Earth Elements (TREE), including notable concentrations of Ce and Nd, as well as elevated Zr, Nb, Th, and Y. Bardy (REE): A grab sample collected by Quebec government geologists returned 0.68% TREE, including 1,150 ppm Nd, hosted in a granitic pegmatite 40cms to 4m wide. Seigneurie Deposit (Nb-REE): Originally drilled by SOQUEM in 1978, the area hosts pegmatites up to 50 metres wide, which remain largely unexplored and unassayed for REE and Nb. In 2010, a local prospector collected grab samples, one of which returned 3,190 ppm Nb and 4,031 ppm Total Rare Earth Elements (TREE). In addition to the 39 claims covering 2,240 hectares acquired under the Agreement, the Company has separately staked an additional 480 claims covering 27,696 hectares in and around the Properties. Collectively, this land package now totals 519 claims covering 29,936 hectares.

Niobium and rare earth elements are critical for applications in defense and aerospace, including jet engine superalloys, hypersonic missile systems, rocket nozzles, and advanced super conducting technologies such as qubits for quantum computing. Securing these resources in stable, North American jurisdictions is increasingly important as governments work to strengthen domestic supply chains.

Though the Company has not directly applied for any specific funding programs or grants, it intends to explore non-dilutive funding opportunities with agencies such as the U.S Department of Energy, Department of Defense, and Export-Import Bank of the United States (EXIM). These opportunities could help accelerate development in alignment with U.S critical mineral policies and support the Company’s potential contribution to U.S defense and energy security initiatives.

“This acquisition marks an important step for our company as we look to deliver critical minerals and rare earth elements supply into North America,” said Murray Nye, Chief Executive Officer of First American Uranium. “These Grenville Province Properties allow us to extend our strategy into the critical minerals space in a time where the need to secure domestic supply chains has never been greater. Our team is excited to work with all stakeholders to advance the exploration and development of these assets and bring to market a critical minerals company for Canada.”

The Acquisition strategically expands the Company’s exploration portfolio within a highly prospective region of the Grenville Province. The addition of these assets is expected to strengthen the Company’s growth pipeline, enhance its regional presence, and create long-term opportunities for shareholder value through ongoing exploration and development.

For additional details regarding the Properties, please see the Company’s news release dated October 7, 2025, available under the Company’s profile on www.sedarplus.ca.

ABOUT FIRST AMERICAN URANIUM INC.

First American Uranium Inc. is a North American mineral exploration company focused on the acquisition and development of precious, base, and critical mineral assets. Its portfolio includes the Silver Lake property in British Columbia’s Omineca Mining Division and a recently acquired land package in Quebec’s Grenville Province. The Quebec properties add exposure to rare earth elements (REE), niobium (Nb), and nickel-copper (Ni-Cu) occurrences, expanding the Company’s footprint into critical minerals that are strategically important for energy and defense applications.

ON BEHALF OF THE BOARD OF DIRECTORS:

Murray Nye
Chief Executive Officer

1055 West Georgia Street, Suite 1500
Vancouver, BC V6E 0B6
Canada

For further information, please contact:

Murray Nye, CEO
Email: [email protected]
Phone: +1 (416) 300-7398

CSE:URM
OTCPK:FAUMF
FSE:IOR

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any applicable state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, or pursuant to an available exemption from such registration requirements.

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements in this release, other than statements of historical fact, that address events, results, outcomes or developments that the Company expects, anticipates or intends to occur in the future, or that otherwise reflect management’s expectations or beliefs about future events, are forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of words and phrases such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” “opportunity,” “strategy,” “target,” “forecast” and similar expressions, or statements that events, conditions or results “will,” “would,” “may,” “could,” or “should” occur or be achieved.

Forward-looking statements in this release include, but are not limited to: (i) statements regarding the Properties and their mineral prospectivity; (ii) the Company’s planned exploration, development and evaluation activities on the Properties; (iii) the anticipated benefits of the Acquisition, including the expansion of the Company’s exploration portfolio, increased exposure to critical mineral targets, and the potential to enhance long-term shareholder value; and (iv) the potential for the Grenville Province to host significant rare earth element, niobium, nickel-copper or other critical mineral deposits. Such forward-looking statements are based on the Company’s current plans, intentions, expectations and beliefs and are subject to certain assumptions, including, without limitation, assumptions that required regulatory approvals will be obtained in a timely manner, that financing will be available on reasonable terms, and that exploration results will continue to support the prospectivity of the Properties.

Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance or outcomes and actual results may differ materially from those expressed or implied in the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated include, but are not limited to: the timing and receipt of required regulatory approvals; changes in commodity prices and market conditions; the availability of capital and financing on acceptable terms; general economic, business and political conditions; risks inherent in mineral exploration and development, including operational risks, geological uncertainties, environmental risks and accidents; changes in government regulation or policy; and the speculative nature of mineral exploration and development. Additional information regarding risks and uncertainties faced by the Company is available in the Company’s public disclosure record on SEDAR+ (www.sedarplus.ca).

Readers are cautioned that forward-looking statements are not guarantees of future performance, and undue reliance should not be placed on them. The forward-looking statements contained in this release are made as of the date hereof and are based on information currently available and management’s beliefs, estimates, expectations and opinions at that time. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Qualified Person

The scientific and technical information contained in this news release has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Clyde McMillan, P.Geo., a consultant to the Company and a Qualified Person as defined under NI 43-101, has reviewed and approved the technical information contained herein.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release

ROBESONIA, Pa., Oct. 16, 2025 (GLOBE NEWSWIRE) -- Blaqclouds, Inc., a Nevada corporation (OTC: BCDS), is proud to announce that it has been officially approved as a Made by Ape licensee, joining a select group of creators and companies granted permission to use the “Made by Apes” designation in alignment with the BAYC and MAYC ecosystem. You can confirm Blaqclouds’ listing here: Made by Ape Bodega Listing

This designation recognizes Blaqclouds as part of the Made by Ape community, a unique Web3 licensing platform created by Yuga Labs that enables holders of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs to legally commercialize their Ape-based projects under an authenticated license.

Why is this Made by Ape Authorized Licensee Important?

Funding opportunities

LFG Ventures: An initiative within ApeChain, LFG Ventures provides funding to promising MBA-licensed projects and businesses. The initiative is designed to be sustainable, covering its own expenses through DeFi strategies while offering funding, often in exchange for revenue-sharing agreements.Swamproots Builder Initiative: As part of the ApeCo, the Swamproots Builder Initiative funds on-chain projects that help create a sustainable future for ApeChain and the ApeCoin community. The initiative funds a diverse range of projects from dApps to gaming, with funding distributed as grantees complete key milestones.ApeCoin ApeChain Grants: Made by Apes businesses can directly apply for funding through the official ApeChain proposal process (APPs). This decentralized process allows community members to vote on which projects receive funding from the ApeChain treasury.Delegated ApeCoin: In September 2024, Yuga Labs announced it would delegate 6.5 million $APE to Made by Apes license holders once ApeChain goes live. In Q3 2025, ApeCo went live. This delegation gives MBA builders a greater voice within the ApeChain ecosystem. Legitimacy & Compliance: As an approved licensee, Blaqclouds can safely use the Made by Ape branding in its products and marketing, assuring users that the company is recognized in the BAYC and MAYC ecosystem.Transparency & Authenticity: Licenses are recorded on-chain, and licensees appear in the “Bodega” directory, which functions as a public registry of vetted Ape-based projects. Partnership opportunities

Strategic Collaborations with Yuga Labs: One of the most powerful opportunities within the Made by Apes (MBA) ecosystem comes from direct partnerships with Yuga Labs. A prime example is Bored Brewing Co., an MBA brand that collaborated with both Yuga Labs and BAPE to launch the official Bored Ape Beer — setting a precedent for future co-branded ventures.Premier Access to ApeFest Events: MBA brands are frequently featured at flagship events like ApeFest, which serve as launchpads for innovation and visibility. At ApeFest 2024, a dedicated pitch competition for MBA projects drew attention from across the Web3 space and cultivated invaluable real-world connections. With ApeFest 2025 set for Las Vegas, MBA brands can anticipate even greater exposure and engagement.Embedded Community Support: The BAYC Council and affiliated community groups actively promote MBA brands through newsletters, social content, and IRL events. Monthly highlights give both new and established builders a platform to connect with thousands of BAYC holders and supporters.Ecosystem Brand Collaborations: The MBA network attracts top-tier partners from across Web3. For instance, Blaqclouds, a leading crypto payments company, has partnered with ApeGames and Bored Trading Co. to support and power payment solutions for MBA-certified businesses.Verified Brand Identity On-Chain: Each Made by Apes project is authenticated via an on-chain certification, giving customers and partners a verifiable mark of trust. This blockchain-verified credential strengthens a brand’s reputation and helps differentiate it in an increasingly crowded Web3 market.Amplified Marketing and Visibility: MBA brands benefit from official communications, newsletters, and community-driven media, unlocking broad exposure at no additional cost. This access to a highly engaged and loyal audience gives MBA licensees unmatched marketing firepower within the Web3 space. “Securing our MBA license is a powerful validation of our mission at Blaqclouds,” said Shannon Hill, CEO of Blaqclouds. “Being officially recognized as a Made by Apes licensee gives us an on-chain seal of authenticity that connects us directly to one of the most culturally significant communities in Web3. This milestone empowers our efforts to bridge Web2 utility with decentralized identity and payment solutions — giving over 160,000 $APE wallet holders real-world spendability and granting the 480+ MBA projects immediate access to ZEUSxPay for accepting APE as a form of decentralized payment. It’s not just a license — it’s a strategic alliance with the future of tokenized commerce.”

About Blaqclouds, Inc.
Blaqclouds bridges traditional finance and decentralized ecosystems, building seamless, real-world blockchain applications that simplify commerce and payments. Its mission is to make spending crypto as easy, trusted, and usable as traditional currency.

Flagship consumer applications include:
- ShopWithCrypto.io – Crypto-to-gift card commerce
- ZEUSxPay.io – Web3 payments and merchant plugins
- DEX.ZEUSx.io – EVM-compatible decentralized exchange
- ApolloWallet.io – Secure, consumer-grade blockchain wallet

For a full list of platforms and solutions from Blaqclouds Nevada and Wyoming, visit: www.blaqclouds.io.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Blaqclouds, Inc. to accomplish its stated plan of business. Blaqclouds, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Blaqclouds Inc. or any other person.

This press release also contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve certain risks and uncertainties that may cause actual results to differ materially. Blaqclouds, Inc. assumes no obligation to update or revise any forward-looking statements.

Media Contact
Blaqclouds, Inc.
c/o www.theAlley.io  
Email: [email protected]
Phone: 307-323-4430
Website: www.blaqclouds.io

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aa4902a3-7d68-41ef-b879-ab1d6bff8ca8

October 16, 2025 07:30 ET

 | Source:

Telesat

OTTAWA, Ontario and TIMMINS, Ontario, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX: TSAT), one of the world’s largest and most innovative satellite operators, and Timmins Economic Development today announced that Telesat purchased a land plot on Laforest Road from the City of Timmins. This site will serve as a Landing Station to connect data from its advanced LEO satellite network, Telesat Lightspeed, to terrestrial Points of Presence and fibre in Northern Ontario.

Telesat Lightspeed, the largest space program in Canada’s history, will help bridge the digital divide by extending the reach of terrestrial telecom networks in rural and remote communities. Additionally, it is expected to serve an important role in protecting the Arctic and Canada’s sovereignty and deliver high-performing broadband connectivity for the energy, mining, aviation and maritime industries. The satellite constellation in space is seamlessly integrated with terrestrial Landing Stations around the world, with built-in site redundancy and diversity to ensure that data reliably reaches its intended destination.

“Timmins offers access to superior telecommunications infrastructure, including an extensive 2,200 km long haul fibre network, highly reliable hydroelectric infrastructure, and access to a multitude of energy solutions. These features, plus easy accessibility to Southern Ontario and Western Quebec, make Timmins an ideal location to meet the stringent resiliency requirements for our terrestrial Landing Station network. We appreciate the professionalism and responsiveness of Timmins Economic Development throughout our engagement.
  -  Asit Tandon, Chief Network and Information Officer, Telesat

“Timmins is proud to play a role in advancing Canada’s largest space program. Telesat’s investment highlights the strength of our city’s infrastructure and our position as a hub for innovation in Northern Ontario. By anchoring the Telesat Lightspeed network here, Timmins is helping to connect remote and rural communities, while also contributing to Canada’s growing new space economy. This project represents new opportunities for our community and reinforces that Timmins is on the map, not just in Ontario, but on a global scale.”
  -  Mayor Michelle Boileau, City of Timmins

“Telesat’s decision to establish a Landing Station in Timmins highlights the strategic advantages our city offers — from robust telecommunications to our prime geographic location in Northern Ontario. This project marks a significant milestone for Timmins, reinforcing our commitment to supporting innovative industries and attracting investment that drives economic growth. We look forward to continuing to work with Telesat as they advance this exciting initiative, contributing to the growth of our local space economy.”
  -  Brenda Camirand, Director of Economic Development, City of Timmins

Site preparation is now underway for the Timmins Landing Station. Crews have begun clearing the land and construction of satellite antennas and networking equipment will commence in the spring of 2026.

About Telesat
Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat (Nasdaq and TSX: TSAT) is one of the largest and most innovative global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world’s most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth.

Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company’s state-of-the-art Low Earth Orbit (LEO) satellite network, has been optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity, secure and resilient links with fibre-like speeds. For updates on Telesat, follow us on LinkedIn, X, or visit www.telesat.com.

About Timmins Economic Development
Timmins Economic Development is the city’s community economic development team, which facilitates and supports economic and social activity that creates jobs, diversifies the economy and improves quality of life.

Land Acknowledgement
Timmins Economic Development acknowledges that we are located on the traditional Lands of Mattagami First Nation, Flying Post First Nation, and Matachewan First Nation, home to many Ojibway, Cree, Oji-Cree, Algonquin and Métis people. We also acknowledge that we are situated in Treaty 9 territory (also known as the James Bay Treaty), which is steeped in the rich Indigenous history of many First Nations, Métis and Inuit People.

We make this acknowledgement as a first step in recognizing First Peoples’ long history and living culture, made with respect to Elders, both past and present.

Media Contacts:
W2 Communications for Telesat
[email protected]

Timmins Economic Development
Kelsey Luxton
705-360-2600 x7083
[email protected]

Telesat Forward-Looking Statements Safe Harbor

This news release contains statements that are not based on historical fact and are “forward-looking statements’’ within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities laws. When used herein, statements which are not historical in nature, or which contain the words “will,” “can,” “expected,” or similar expressions, are forward-looking statements. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. All statements made in this press release are made only as of the date set forth at the beginning of this release. Telesat Corporation undertakes no obligation to update the information made in this release in the event facts or circumstances subsequently change after the date of this press release.

These forward-looking statements are based on Telesat Corporation’s current expectations and are subject to a number of risks, uncertainties and assumptions. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond Telesat Corporation’s control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. There are numerous risks and uncertainties associated with Telesat’s business and the Telesat Lightspeed constellation. Known risks and uncertainties include but are not limited to: inflation and rising interest rates; tariffs; Telesat’s ability to meet the funding conditions of its funding agreements with the Government of Canada and Government of Quebec; technological hurdles, including our and our contractors’ development and deployment of the new technologies required to complete the constellation in time to meet our schedule, or at all; the availability of services and components from our and our contractors’ supply chains; competition; risks associated with domestic and foreign government regulation, including access to sufficient orbital spectrum to be able to deliver services effectively and access to sufficient geographic markets in which to sell those services; Telesat’s ability to develop significant commercial and operational capabilities; risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance; and volatility in exchange rates. The foregoing list of important factors is not exhaustive. Investors should review the other risk factors discussed in Telesat Corporation’s annual report on Form 20-F for the year ended December 31, 2024, that was filed on March 27, 2025, with the United States Securities and Exchange Commission (“SEC”) and the Canadian securities regulatory authorities at the System for Electronic Document Analysis and Retrieval (“SEDAR”), and may be accessed on the SEC’s website at https://www.sec.gov/ and SEDAR’s website at https://www.sedarplus.ca/ as well as our subsequent reports on Form 6-K filed with the SEC and also available on SEDAR.

The Company has also hired a consultant to help access government innovation funding in Canada.

Vancouver, BC, Canada, October 16, 2025 – TheNewswire – First Tellurium Corp. (CSE: FTEL, OTC: FSTTF) reports that its majority-owned subsidiary PyroDelta Energy is working with Canadian and U.S. legal counsel to establish a Florida-based subsidiary that will facilitate sales of thermoelectric devices to U.S. customers, including drone manufacturers and AI data center providers.

“Based on the recent successful testing and positive feedback with potential customers (as announced October 1st, September 18th and September 4th), we’ve been advised that the subsidiary should be in place as soon as possible,” said First Tellurium President and CEO Tyrone Docherty. “We need to have everything set up to hit the ground running in anticipation of initial sales.”

The Company also reports it has hired a consultant to help access the best sources of Canadian federal and provincial government funding for innovation, technology, clean energy and other related programs.

“Federal and provincial governments have been aggressive in their efforts to improve competitiveness in these sectors,” said Docherty. “We believe PyroDelta’s thermoelectric technology would qualify and be attractive for various grant, loan and capital investment programs, along with partnering and collaboration.”

Canadian Prime Minister Mark Carney has been clear in his desire to build Canada into a clean energy superpower, positioning it as a global hub for clean manufacturing and low-carbon resource development.

“We believe PyroDelta’s thermoelectric technology could play an important role in this transition,” said Docherty.

About First Tellurium Corp.

First Tellurium’s unique business model is to generate revenue and value through mineral discovery, project development, project generation and development of tellurium-based technologies.

First Tellurium is listed on the Canadian Securities Exchange under the symbol “FTEL” and on the OTC under the symbol “FSTTF”. Further information about FTEL and its projects can be found at www.firsttellurium.com.

 

On behalf of the board of directors of

First Tellurium Corp.

“Tyrone Docherty”                       

Tyrone Docherty

President and CEO

 

For further information please contact:

Tyrone Docherty

604.789.5653

[email protected]

 
 

X/Twitter:

https://twitter.com/TelluriumCorp

 

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements.  These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control.  Readers should not place undue reliance on forward-looking statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event.

 

Melbourne, Australia and Vancouver, Canada – TheNewswire - October 16, 2025 - Mithril Silver and Gold Limited ("Mithril” or the "Company") (TSXV: MSG) (ASX: MTH) (OTCQB: MTIRF) is pleased to provide exploration results and update for multiple targets at Mithril’s district scale Copalquin property, Durango State, Mexico.

Update Highlights

The current Copalquin resource lies within the Target 1 area, where recent drilling has successfully expanded the strike continuity by 300 metres, demonstrating strong potential for further growth. 

7.20 m @ 2.78 g/t gold, 148 g/t silver from 260.9 m (MTH-RE25-44), including 

2.05 m @ 7.41 g/t gold, 419 g/t silver from 266.05 m

2.80 m @ 3.97 g/t gold, 208 g/t silver from 272.35 m

8.03 m @ 7.19 g/t gold, 260 g/t silver from 257.72 m (MTH-RE25-45), including 

4.40 m @ 9.87 g/t gold, 507 g/t silver from 260.7 m

The above intercepts extend the Target 1 strike over 30%

Target 5 drilling rapidly progressing with 11 drill holes now completed with assays pending for the first batch of holes in the laboratory. Ongoing channel sampling at Target 5 has significantly expanded the footprint of this target to 2 km x 2 km 

Target 3 drill plan advancing to be drill ready in the coming months with addition of a third drill 

District wide aerial magnetic survey commences later this month supporting district model drilling, designed to locate the conduit for the widespread gold and silver mineralisation across the vast Copalquin District 

The mineralised horizon is currently expanded to over 1,300 metres vertical across 9 km (Santa Cruz to El Jarillal) in the southern half of the Copalquin district. 

“Drilling at Target 1 continues to deliver strong results, confirming the western extension of the key district-scale east–west structure and expanding the strike length of the Target 1 area by more than 30%, with wide, high-grade intercepts throughout”, commented John Skeet, Managing Director & CEO. “Target 1 lies within the District Middle Section, which now extends over seven kilometres, linking multiple high-grade historic mines and numerous prospective structural features to be tested as part of Mithril’s fully funded 45,000-metre drill program.

At the large, silver-rich Target 5 area in the southern section, drilling has progressed rapidly with 11 holes completed and first assays pending. In parallel, our geological team is advancing the district-scale model, supported by an ongoing petrographic study and upcoming aerial magnetic survey, as we vector in on the conduit system responsible for the widespread high-grade gold and silver mineralisation across the Copalquin District. The defining hallmark of Copalquin remains its exceptional distribution of bonanza-grade gold and silver mineralisation throughout this 70 km² property.”

See ‘About Copalquin Gold Silver Project’ section for JORC MRE details and AuEq. calculation.

District Outlook

Mithril is fully funded to complete 45,000 metres of drilling over the next 12–14 months, with preparations to add a third drill rig by early 2026 at Target 3. Exploration, including drilling and detailed mapping, continues to advance across multiple targets, underpinning the district-scale potential of Copalquin.  A closely spaced aerial magnetic survey will be flown late October 2025 and a petrographic fluid inclusion study on samples across the district is supporting the ongoing development of the district scale model for this large epithermal gold-silver system.

Target 1 resource expansion drilling is ongoing with a resource update pending upon completion of the current drill program.  Drilling throughout 2025 has refined geologic interpretation and presented numerous target zones for drill testing.

Target 5 – Silver Rich in Southwest of Copalquin District – initial drilling continues around the Apomal historic mine in the Target 5 area, with the first 11 holes completed (assays pending) for an initial 5,000 metre program. Apomal is being tested down dip, below the old mine workings and along strike in the northwestern part of this large target area. This program marks the first drilling at Target 5 and is designed to test the mapped veins while stepping out into untested areas along strike and at depth.

Previously completed mapping and sampling at Target 5 has recently returned excellent results from surface and underground samples with the discovery of the historic La Lianas, Los Martires, Jarillal, and Tasolera Mines within the Target 5 area, which covers 2 km x 2 km

Target 3 – Preparing for 2025 Drilling - ongoing systematic mapping and sampling at Target 3 are further defining priority targets in this large prospective area, with maiden drilling set to commence in the coming months.

COPALQUIN GOLD-SILVER DISTRICT, DURANGO STATE, MEXICO

With 100 historic underground gold-silver mines and workings plus 198 surface workings/pits throughout 70km2 of mining concession area, Copalquin is an entire mining district with high-grade exploration results and a maiden JORC resource. To date there are several target areas in the district with one already hosting a high-grade gold-silver JORC mineral resource estimate (MRE) at the Target 1 area (El Refugio-La Soledad)1  and a NI 43-101 Technical Report filed on SEDAR+, supported by a conceptional underground mining study completed on the maiden resource in early 2022 and metallurgical test work (see ASX Announcement 25 February 2022). There is considerable strike and depth potential to increase the resource at El Refugio and at other target areas across the district, plus the underlying geologic system that is responsible for the widespread gold-silver mineralisation.

With the district-wide gold and silver occurrences and rapid exploration success, it is clear the Copalquin District is developing into another significant gold-silver district like the many other districts in this prolific Sierra Madre Gold-Silver Trend of Mexico.

Click Image To View Full Size

Figure 1 – Copalquin District location map, locations of mining and exploration activity and local infrastructure.

Click Image To View Full Size

Figure 2 LiDAR identified historic workings across the 70km2 district. Current drilling locations at Target 1 west and Target 5 (El Apomal), and recent drilling at Zaragoza mine in Target 1 south, high priority drill target area of La Constancia-El Jabali (Target 3).  Several new areas highlighted across the district for follow-up work including recently sampled Target 6

Copalquin District Exploration Progress Update

Click Image To View Full Size

Figure 3  Property-wide channel sampling results for the middle and south district sections within ~50% of the 70 km2 mining concession area covering the Copalquin District

Target 1 Drilling Discussion

Target 1 resource expansion drilling successfully extended the east-west structure 300 m west giving a total strike length from of over 1,300 m (Table 1; Figure 4).

Table 1 Reported drill hole intervals

Drill Hole ID

From (m)

To (m)

Interval (m)

Au g/t

Ag g/t

Au Eq g/t

MTH-ZG25-40

431.6

433.1

1.5

0.298

59.1

1.14

MTH-ZG25-40

450.7

453.55

2.85

1.12

25.20

1.47

MTH-RE25-41

137

138.35

1.35

1.255

71.9

2.28

MTH-RE25-41

140.8

143.9

3.1

0.63

31.10

1.07

MTH-RE25-41

180.82

181.6

0.78

0.71

33.90

1.2

MTH-RE25-41

378.5

379

0.5

3.21

1.20

3.23

MTH-ZG25-42

No reportable intercepts

MTH-RE25-43

No reportable intercepts

MTH-RE25-44

260.9

268.1

7.20

2.78

148

4.89

Including

266.05

268.1

2.05

7.41

418.8

13.39

MTH-RE25-44

272.35

275.15

2.80

3.97

209.4

6.97

MTH-RE25-45

257.72

265.75

8.03

7.19

259.7

10.9

Including

260.7

265.1

4.40

9.87

506.8

15.43

Click Image To View Full Size

Figure 4 Target 1 Drill results in this announcement and showing the 300 metre extension west

Click Image To View Full Size

Figure 5 Cross section of holes MTH-RE25-44 and MTH-RE25-45 extending drilling 300 metres west at Target 1.

Table 2 Drill hole collar details reported in this announcement

Hole ID

Zone

Easting

Northing

Elevation

Azimuth

Inclination

Depth

MTH-ZG25-40

Zaragoza

289965

2823484

996.8

221

-53

474

MTH-RE25-41

Refugio

289079

2823785

1155.77

225

-48

411

MTH-ZG25-42

Zaragoza

290030

2823410

1000.27

212

-45

399

MTH-RE25-43

Refugio

289066

2824050

1178.85

208

-75

600

MTH-RE25-44

Refugio

288654

2823892

1177.09

200

-70

378

MTH-RE25-45

Refugio

288654

2823892

1177.09

215

-66

384

ABOUT THE COPALQUIN GOLD SILVER PROJECT

The Copalquin mining district is located in Durango State, Mexico and covers an entire mining district of 70km2 containing several dozen historic gold and silver mines and workings, ten of which had notable production. The district is within the Sierra Madre Gold Silver Trend which extends north-south along the western side of Mexico and hosts many gold and silver districts.

Multiple mineralisation events, young intrusives thought to be system-driving heat sources, widespread alteration together with extensive surface vein exposures and dozens of historic mine workings, identify the Copalquin mining district as a major epithermal centre for Gold and Silver.

Within 15 months of drilling in the Copalquin District, Mithril delivered a maiden JORC mineral resource estimate demonstrating the high-grade gold and silver resource potential for the district. This maiden resource is detailed below (see ASX release 17 November 2021)^ and a NI 43-101 Technical Report filed on SEDAR+

Indicated 691 kt @5.43 g/t gold, 114 g/t silver for 121,000 oz gold plus 2,538,000 oz silver 

Inferred 1,725 kt @4.55 g/t gold, 152 g/t silver for 252,000 oz gold plus 8,414,000 oz silver 

(using a cut-off grade of 2.0 g/t AuEq*)

28.6% of the resource tonnage is classified as indicated 

Table 33 Mineral resource estimate El Refugio – La Soledad using a cut-off grade of 2.0 g/t AuEq*

 

Tonnes

(kt)

Tonnes

(kt)

Gold

(g/t)

Silver

(g/t)

Gold Eq.* (g/t)

Gold

(koz)

Silver

(koz)

Gold Eq.* (koz)

El Refugio

Indicated

691

5.43

114.2

7.06

121

2,538

157

 

Inferred

1,447

4.63

137.1

6.59

215

6,377

307

La Soledad

Indicated

-

-

-

-

-

-

-

 

Inferred

278

4.12

228.2

7.38

37

2,037

66

Total

Indicated

691

5.43

114.2

7.06

121

2,538

157

 

Inferred

1,725

4.55

151.7

6.72

252

8,414

372

*  In determining the gold equivalent (AuEq.) grade for reporting, a gold:silver price ratio of 70:1 was determined, using the formula: AuEq grade = Au grade + ((silver grade/70) x (silver recovery/Au recovery)). The metal prices used to determine the 70:1 ratio are the cumulative average prices for 2021: gold USD1,798.34 and silver: USD25.32 (actual is 71:1) from kitco.com.  At this early stage, the metallurgical recoveries were assumed to be equal (93%). Subsequent preliminary metallurgical test work produced recoveries of 91% for silver and 96% for gold (ASX Announcement 25 February 2022) and these will be used when the resource is updated in the future.   In the Company’s opinion there is reasonable potential for both gold and silver to be extracted and sold.

^ The information in this report that relates to Mineral Resources or Ore Reserves is based on information provided in the following ASX announcement: 17 Nov 2021 - MAIDEN JORC RESOURCE 529,000 OUNCES @ 6.81G/T (AuEq*), which includes the full JORC MRE report, also available on the Mithril Resources Limited Website.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

Mining study (conceptual) and metallurgical test work supports the development of the El Refugio-La Soledad resource with conventional underground mining methods indicated as being appropriate and with high gold-silver recovery to produce metal on-site with conventional processing. The average vein width is approximately 4.5 metres.

Mithril is currently exploring in the Copalquin District to expand the resource footprint, demonstrating its multi-million-ounce gold and silver potential.  Mithril has an exclusive option to purchase 100% interest in the Copalquin mining concessions by paying US$10M on or any time before 7 August 2028.

-ENDS-

Released with the authority of the Board.

For further information contact:

John Skeet

Managing Director and CEO

[email protected]

+61 435 766 809

NIKLI COMMUNICATIONS

Corporate Communications

[email protected]

[email protected]

The Australian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

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

Competent Persons Statement - JORC

The information in this announcement that relates to metallurgical test results, mineral processing and project development and study work has been compiled by Mr John Skeet who is Mithril’s CEO and Managing Director. Mr Skeet is a Fellow of the Australasian Institute of Mining and Metallurgy. This is a Recognised Professional Organisation (RPO) under the Joint Ore Reserves Committee (JORC) Code.

Mr Skeet has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Skeet consents to the inclusion in this report of the matters based on information in the form and context in which it appears. The Australian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

The information in this announcement that relates to sampling techniques and data, exploration results and geological interpretation for Mithril’s Mexican project, has been compiled by Mr Darren LeFort who is Mithril’s Exploration Manager. Mr LeFort is a member of the Engineers and Geoscientists of British Columbia and a Certified Professional Geologist (P.Geo). This is a Recognised Professional Organisation (RPO) under the Joint Ore Reserves Committee (JORC) Code.

 Mr LeFort has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. MrLeFort consents to the inclusion in this report of the matters based on information in the form and context in which it appears.

The information in this announcement that relates to Mineral Resources is reported by Mr Rodney Webster, former Principal Geologist at AMC Consultants Pty Ltd (AMC), who is a Member of the Australian Institute of Geoscientists. The report was peer reviewed by Andrew Proudman, Principal Consultant at AMC. Mr Webster is acting as the Competent Person, as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, for the reporting of the Mineral Resource estimate. A site visit was carried out by Jose Olmedo a geological consultant with AMC, in September 2021 to observe the drilling, logging, sampling and assay database. Mr Webster consents to the inclusion in this report of the matters based on information in the form and context in which it appears

Qualified Persons – NI 43-101

Scientific and technical information in this Report has been reviewed and approved by Mr John Skeet (FAUSIMM, CP) Mithril’s Managing Director and Chief Executive Officer. Mr John Skeet is a qualified person within the meaning of NI 43-101.

Samples are sent to ALS Global with sample preparation performed in Chihuahua City, Mexico and assaying of sample pulps performed in North Vancouver, BC, Canada.

Table 3 Drill hole intervals of greater than or equal to 0.1 g/t Au Eq

Hole ID

Sample ID

From (m)

To (m)

Interval (m)

Au g/t

Ag g/t

AuEq g/t

MTH-ZG25-40

826483

385.76

386.3

0.54

0.025

7.5

0.13

MTH-ZG25-40

826498

405.5

406.55

1.05

0.015

6.3

0.11

MTH-ZG25-40

826516

425.45

426.6

1.15

0.059

3.8

0.11

MTH-ZG25-40

826517

426.6

427.45

0.85

0.042

4.8

0.11

MTH-ZG25-40

826518

427.45

427.95

0.5

0.074

5.2

0.15

MTH-ZG25-40

826521

428.45

429.53

1.08

0.037

8.9

0.16

MTH-ZG25-40

826522

429.53

430.5

0.97

0.074

8.5

0.2

MTH-ZG25-40

826523

430.5

431.08

0.58

0.057

5.9

0.14

MTH-ZG25-40

826524

431.08

431.6

0.52

0.071

36.3

0.59

MTH-ZG25-40

826526

431.6

433.1

1.5

0.298

59.1

1.14

MTH-ZG25-40

826527

433.1

434.32

1.22

0.06

10.6

0.21

MTH-ZG25-40

826538

450.7

451.53

0.83

2.67

38.1

3.21

MTH-ZG25-40

826539

451.53

452.3

0.77

0.189

12.8

0.37

MTH-ZG25-40

826541

452.3

453.55

1.25

0.655

24.4

1

MTH-RE25-41

821128

133

135

2

0.057

3.9

0.11

MTH-RE25-41

821129

135

136.4

1.4

0.419

13.8

0.62

MTH-RE25-41

821130

136.4

137

0.6

0.131

7.9

0.24

MTH-RE25-41

821131

137

138.35

1.35

1.255

71.9

2.28

MTH-RE25-41

821132

138.35

139.5

1.15

0.089

4.6

0.15

MTH-RE25-41

821133

139.5

140.8

1.3

0.264

5.1

0.34

MTH-RE25-41

821134

140.8

141.83

1.03

0.963

54.6

1.74

MTH-RE25-41

821135

141.83

142.33

0.5

0.773

39.3

1.33

MTH-RE25-41

821136

142.33

143.3

0.97

0.117

5

0.19

MTH-RE25-41

821137

143.3

143.9

0.6

0.745

26

1.12

MTH-RE25-41

821143

149.16

150.12

0.96

0.198

2.6

0.24

MTH-RE25-41

821145

151.17

151.67

0.5

0.272

4.6

0.34

MTH-RE25-41

821146

151.67

152.45

0.78

0.115

2.1

0.15

MTH-RE25-41

821147

152.45

153.1

0.65

0.328

2.1

0.36

MTH-RE25-41

821148

153.1

153.9

0.8

0.137

2.5

0.17

MTH-RE25-41

821152

155.2

156.1

0.9

0.421

7.1

0.52

MTH-RE25-41

821153

156.1

156.88

0.78

0.517

12.2

0.69

MTH-RE25-41

821154

156.88

157.75

0.87

0.098

1.8

0.12

MTH-RE25-41

821155

157.75

158.72

0.97

0.182

3.5

0.23

MTH-RE25-41

821156

158.72

159.32

0.6

0.08

1.9

0.11

MTH-RE25-41

821158

160.75

162.15

1.4

0.122

2.1

0.15

MTH-RE25-41

821160

163.3

164.6

1.3

0.107

2.1

0.14

MTH-RE25-41

821161

164.6

165.3

0.7

0.103

1.9

0.13

MTH-RE25-41

821163

166.4

167.15

0.75

0.102

3.1

0.15

MTH-RE25-41

821166

169.2

170.17

0.97

0.078

4

0.14

MTH-RE25-41

821167

170.17

171.15

0.98

0.158

5.1

0.23

MTH-RE25-41

821168

171.15

172.04

0.89

0.104

5.8

0.19

MTH-RE25-41

821169

172.04

172.75

0.71

0.171

5.8

0.25

MTH-RE25-41

821173

176.33

178

1.67

0.042

3.8

0.1

MTH-RE25-41

821177

180.82

181.6

0.78

0.713

33.9

1.2

MTH-RE25-41

821213

282.5

283

0.5

0.165

9.1

0.3

MTH-RE25-41

821214

283

283.5

0.5

0.075

3.3

0.12

MTH-RE25-41

821218

286.9

288.2

1.3

0.115

1.2

0.13

MTH-RE25-41

821238

304.75

305.45

0.7

0.258

9.3

0.39

MTH-RE25-41

821244

312.5

314

1.5

0.075

1.6

0.1

MTH-RE25-41

821296

377.5

378.5

1

0.27

0.6

0.28

MTH-RE25-41

821297

378.5

379

0.5

3.21

1.2

3.23

MTH-ZG25-42

826570

181.7

183

1.3

0.138

1.2

0.16

MTH-ZG25-42

826584

214.9

215.45

0.55

0.088

3.2

0.13

MTH-ZG25-42

826586

216.2

217.3

1.1

0.19

7.6

0.3

MTH-ZG25-42

826598

228.4

228.9

0.5

0.023

6.1

0.11

MTH-ZG25-42

826645

303

304.5

1.5

0.17

1.5

0.19

MTH-RE25-43

821337

467.62

468.8

1.18

0.021

6.1

0.11

MTH-RE25-43

821338

468.8

469.85

1.05

0.055

8.3

0.17

MTH-RE25-43

821339

469.85

470.35

0.5

0.099

10.3

0.25

MTH-RE25-43

821340

470.35

471

0.65

0.028

5.1

0.1

MTH-RE25-43

821341

471

472

1

0.034

4.7

0.1

MTH-RE25-44

821356

260.9

261.45

0.55

0.242

12

0.41

MTH-RE25-44

821357

261.45

262.15

0.7

0.847

40.8

1.43

MTH-RE25-44

821358

262.15

263

0.85

1.05

60.2

1.91

MTH-RE25-44

821359

263

263.82

0.82

1.805

69.8

2.8

MTH-RE25-44

821360

263.82

264.35

0.53

0.838

16.8

1.08

MTH-RE25-44

821361

264.35

265

0.65

0.932

33.6

1.41

MTH-RE25-44

821362

265

266.05

1.05

0.677

31.1

1.12

MTH-RE25-44

821363

266.05

266.55

0.5

2.07

66.9

3.03

MTH-RE25-44

821364

266.55

267.5

0.95

7.79

393

13.4

MTH-RE25-44

821365

267.5

268.1

0.6

11.25

753

22.01

MTH-RE25-44

821366

268.1

269.1

1

0.288

21.7

0.6

MTH-RE25-44

821367

269.1

270.55

1.45

0.154

18

0.41

MTH-RE25-44

821368

270.55

271.75

1.2

0.056

3.5

0.11

MTH-RE25-44

821369

271.75

272.35

0.6

0.36

23.7

0.7

MTH-RE25-44

821370

272.35

273.5

1.15

6.19

300

10.48

MTH-RE25-44

821371

273.5

274

0.5

0.83

37.7

1.37

MTH-RE25-44

821372

274

274.5

0.5

4.13

276

8.07

MTH-RE25-44

821373

274.5

275.15

0.65

2.34

130

4.2

MTH-RE25-44

821374

275.15

276.12

0.97

0.045

6.1

0.13

MTH-RE25-44

821383

286.65

288

1.35

0.076

4.6

0.14

MTH-RE25-44

821391

294.23

294.73

0.5

0.136

18.1

0.39

JORC Code, 2012 Edition – Table 1  

Section 1 Sampling Techniques and Data

Criteria

JORC Code explanation

Commentary

Sampling techniques

Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. 

Include reference to measures taken to ensure sample representativity and the appropriate calibration of any measurement tools or systems used. 

Aspects of the determination of mineralisation that are Material to the Public Report. 

In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. 

Drill core samples are cut lengthwise with a diamond saw. Intervals are nominally 1 m but may vary between 0.5 m to 1.5 m based on geologic criteria. 

The same side of the core is always sent to sample (left side of saw). 

Reported intercepts are calculated as either potentially underground mineable (100m down hole) or as potentially open-pit mineable (near surface). 

Potentially underground mineable intercepts are calculated as length weighted averages of material greater than or equal to 1 g/t AuEQ_70 allowing up to 2m of internal dilution. 

Potentially open-pit mineable intercepts are calculated as length weighted averages of material greater than or equal to 0.25 g/t AuEQ_70 allowing for up to 2m of internal dilution. 

Rock Sawn Channel samples underground and surface are collected with the assistance of a handheld portable saw. The channels are 2.5 to 3cm deep and 6-8 cm wide along continuous lines oriented perpendicular to the mineralized structure. The samples are as representative as possible  

Rock Sawn Channel surface samples were surveyed with a Handheld GPS then permanently mark with an aluminium tag and red colour spray across the strike of the outcrop over 1 metre. Samples are as representative as possible 

Rock Sawn Channel underground samples were located after a compass and tape with the mine working having a surveyed control point at the portal, then permanently marked with an aluminium tag and red colour spray oriented perpendicular to the mineralized structure. Samples are as representative as possible 

Soil sampling has been carried out by locating pre-planned points by handheld GPS and digging to below the first colour-change in the soil (or a maximum of 50 cm). In the arid environment there is a 1 – 10 cm organic horizon and a 10 – 30 cm B horizon above the regolith. Samples are sieved to -80 mesh in the field. Samples are collected on a 20 m x 50 m grid or every 20 m on N–S lines 50 m apart. These samples are considered representative of the medium being sampled and lines are appropriately oriented to the nearly E–W structural trend. 

Drilling techniques

Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). 

Drilling is done with MP500 man-portable core rigs capable of drilling HQ size core to depths of 350-400m (depending on ground conditions), reducing to NQ size core for greater depths. Core is recovered in a standard tube. 

Drill sample recovery

Method of recording and assessing core and chip sample recoveries and results assessed. 

Measures taken to maximise sample recovery and ensure representative nature of the samples. 

Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. 

Drill recovery is measured based on measured length of core divided by length of drill run. 

Recovery in holes CDH-001 through CDH-025 and holes CDH-032 through CDH-077 was always above 90% in the mineralized zones. Detailed core recovery data are maintained in the project database. 

Holes CDH-026 through CDH-031 had problems with core recovery in highly fractured, clay rich breccia zones. 

There is no adverse relationship between recovery and grade identified to date. 

Logging

Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. 

Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. 

The total length and percentage of the relevant intersections logged. 

Geotechnical and geological   logging of the drill core takes place on racks in the company core shed. 

Core samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. 

Core logging is both qualitative or quantitative in nature. Photos are taken of each box of core before samples are cut. Photos of cut core intervals are taken after sampling. Core is wetted to improve visibility of features in the photos. 

All core has been logged and photographed.  

Rock sawn channel samples are marked, measured and photographed at location 

Soil samples are recorded at location, logged and described 

Sub-sampling techniques and sample preparation

If core, whether cut or sawn and whether quarter, half or all core taken. 

If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. 

For all sample types, the nature, quality and appropriateness of the sample preparation technique. 

Quality control procedures adopted for all sub-sampling stages to maximise representativity of samples. 

Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. 

Whether sample sizes are appropriate to the grain size of the material being sampled. 

Core is sawn and half core is taken for sample. 

Samples are prepared using ALS Minerals Prep-31 crushing, splitting and pulverizing. This is appropriate for the type of deposit being explored. 

Visual review to assure that the cut core is ½ of the core is performed to assure representativity of samples. 

Crushed core duplicates are split/collected by the laboratory and submitted for assay (1 in 30 samples) 

Sample sizes are appropriate to the grain size of the material being sampled. 

Rock sawn channel samples and soil samples are prepared using ALS Minerals Prep-31 crushing, splitting and pulverizing. This is appropriate for the type of deposit being explored. 

 

Quality of assay data and laboratory tests

The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. 

For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. 

Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. 

Samples are assayed for gold using ALS Minerals Au-AA25 method a 30 g fire assay with an AA finish. This is considered a total assay technique. 

Samples are assayed for silver using ALS Minerals ME-ICP61 method. Over limits are assayed by silverOG63 and silverGRAV21. These are considered a total assay technique. 

Standards and blanks are inserted at a rate of one per every 25 samples and one per every 40 samples, respectively.  Pulp duplicate sampling is undertaken for 3% of all samples (see above).  External laboratory checks will be conducted as sufficient samples are collected. Levels of accuracy (ie lack of bias) and precision have not yet been established. 

Certified Reference Materials – Rock Labs and CDN CRMs have been used throughout the project including, low (~2 g/t Au), medium (~9 g/t Au) and high (~18g/t Au and ~40 g/t Au). Results are automatically checked on data import into the BEDROCK database to fall within 2 standard deviations of the expected value.  

Samples with significant amounts of observed visible gold are also assayed by AuSCR21, a screen assay that analyses gold in both the milled pulp and in the residual oversize from pulverization. This has been done for holes CDH-075 and CDH-077. 

 

Verification of sampling and assaying

The verification of significant intersections by either independent or alternative company personnel. 

The use of twinned holes. 

Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. 

Discuss any adjustment to assay data. 

The verification of significant intersections by either independent or alternative company personnel has not been conducted. A re-assay program of pulp duplicates is currently in progress. 

MTH has drilled one twin hole. Hole CDH-072, reported in the 15/6/2021 announcement, is a twin of holes EC-002 and UC-03. Results are comparable. 

Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols are maintained in the company’s core facility. 

Assay data have not been adjusted other than applying length weighted averages to reported intercepts. 

Location of data points

Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. 

Specification of the grid system used. 

Quality and adequacy of topographic control. 

Drill collar coordinates are currently located by handheld GPS. Precise survey of hole locations is planned. Downhole surveys of hole deviation are recorded using a Reflex Multishot tool for all holes.  A survey measurement is first collected at 15 meters downhole, and then every 50 meters until the end of the hole. Locations for holes CDH-001 through CDH-048 and CDH-051 through CDH-148 have been surveyed with differential GPS to a sub 10 cm precision. Hole CDH-005 was not surveyed 

UTM/UPS WGS 84 zone 13 N 

High quality topographic control from LiDAR imagery and orthophotos covers the entire project area. 

Data spacing and distribution

Data spacing for reporting of Exploration Results. 

Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. 

Whether sample compositing has been applied. 

Data spacing is appropriate for the reporting of Exploration Results. 

The Resource estimation re-printed in this announcement was originally released on 17 Nov 2021 

No sample compositing has been applied. 

Orientation of data in relation to geological structure

Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. 

If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. 

Cut lines are marked on the core by the geologists to assure that the orientation of sampling achieves unbiased sampling of possible structures. This is reasonably well observed in the core and is appropriate to the deposit type. 

The relationship between the drilling orientation and the orientation of key mineralised structures is not considered to have introduced a sampling bias. 

Rock sawn channel samples are cut perpendicular to the observed vein orientation wherever possible 

Sample security

The measures taken to ensure sample security. 

Samples are stored in a secure core storage facility until they are shipped off site by small aircraft and delivered directly to ALS Global sample preparation facility in Chihuahua, Mexico.  ALS airfreights the sample pulps to their assaying facility in North Vancouver, BC, Canada 

Audits or reviews

The results of any audits or reviews of sampling techniques and data. 

A review with spot checks was conducted by AMC in conjunction with the resource estimate published 17 Nov 2021. Results were satisfactory to AMC. 

Section 2 Reporting of Exploration Results

Criteria

JORC Code explanation

Commentary

Mineral tenement and land tenure status

Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. 

The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. 

Concessions at Copalquin 

No.

Concession

Concession Title number

Area (Ha)

Location

1

LA SOLEDAD

52033

6

Tamazula, Durango, Mexico

2

EL COMETA

164869

36

Tamazula, Durango, Mexico

3

SAN MANUEL

165451

36

Tamazula, Durango, Mexico

4

COPALQUIN

178014

20

Tamazula, Durango, Mexico

5

EL SOL

236130

6,000

Tamazula, Durango and Badiraguato, Sinaloa, México

6

EL CORRAL

236131

907.3243

Tamazula, Durango and Badiraguato, Sinaloa, México

Exploration done by other parties

Acknowledgment and appraisal of exploration by other parties. 

Previous exploration by Bell Coast Capital Corp. and UC Resources was done in the late 1990’s and in 2005 – 2007. Work done by these companies is historic and non-JORC compliant. Mithril uses these historic data only as a general guide and will not incorporate work done by these companies in resource modelling. 

Work done by the Mexican government and by IMMSA and will be used for modelling of historic mine workings which are now inaccessible (void model)  

Geology

Deposit type, geological setting and style of mineralisation. 

Copalquin is a low sulfidation epithermal gold-silver deposit hosted in andesite. This deposit type is common in the Sierra Madre Occidental of Mexico and is characterized by quartz veins and stockworks surrounded by haloes of argillic (illite/smectite) alteration. Veins have formed as both low-angle semi-continuous lenses parallel to the contact between granodiorite and andesite and as tabular veins in high-angle normal faults. Vein and breccia thickness has been observed up to 30 meters wide with average widths on the order of 3 to 5 meters. The overall strike length of the semi-continuous mineralized zone from El Gallo to Refugio, Cometa, Los Pinos, Los Reyes, La Montura to Constancia and Santa Cruz is almost 7 kilometres. The southern area from south west of Apomal to San Manuel and to Las Brujas-El Peru provides additional exploration potential up to 6km. 

Drill hole Information

A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:  

easting and northing of the drill hole collar

• elevation or RL (Reduced Level – elevation above  

sea level in metres) of the drill hole collar  

dip and azimuth of the hole  

down hole length and interception depth  

hole length.  

If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. 

 

See Table 2 in the announcement.

Data aggregation methods

In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. 

Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. 

The assumptions used for any reporting of metal equivalent values should be clearly stated. 

Potentially underground mineable intercepts are calculated as length weighted averages of material greater than or equal to 1 g/t AuEQ_70 allowing up to 2m of internal dilution. 

Potentially open-pit mineable intercepts are calculated as length weighted averages of material greater than or equal to 0.25 g/t AuEQ_70 allowing for up to 2m of internal dilution. 

No upper cut-off is applied to reporting intercepts. 

Length weighted averaging is used to report intercepts. The example of CDH-002 is shown. The line of zero assays is a standard which was removed from reporting. 

Au

Raw

silver

raw

Length

(m)

Au

*length

silver

*length

 
 
 
 
 

7.51

678

0.5

3.755

339

 
 
 
 
 

11.85

425

0.55

6.5175

233.75

 
 
 
 
 

0

0

0

0

0

 
 
 
 
 

0.306

16

1

0.306

16

 
 
 
 
 

0.364

31.7

1

0.364

31.7

 
 
 
 
 

3.15

241

0.5

1.575

120.5

 
 
 
 
 

10.7

709

0.5

5.35

354.5

 
 
 
 
 

15.6

773

0.5

7.8

386.5

 
 
 
 
 
 
 
 
 
 

From

To

Length

Au gpt

silver gpt

 
 

4.55

25.667

1481.9

91.95

96.5

4.55

5.64

325.7

In determining the gold equivalent (AuEq.) grade for reporting, a gold:silver price ratio of 70:1 was determined, using the formula: AuEq grade = Au grade + ((silver grade/70) x (silver recovery/Au recovery)). The metal prices used to determine the 70:1 ratio are the cumulative average prices for 2021: gold USD1,798.34 and silver: USD25.32 (actual is 71:1) from kitco.com  At this early stage, the metallurgical recoveries are assumed to be equal (93%), Subsequent preliminary metallurgical test work produced recoveries of 91% for silver and 96% for gold (ASX Announcement 25 February 2022). 

For Rock Saw Channel Sampling and soil sampling in the Copalquin District, silver equivalent (AgEq) is determined using the formula: AgEq grade = silver grade + ((Au grade x 70) x (Au recovery/silver recovery)). The metal prices used to determine the 70:1 ratio are the cumulative average prices for 2021: gold USD1,798.34 and silver: USD25.32 (actual is 71:1) fromkitco.com   At this early stage, the metallurgical recoveries for Au and silver are assumed to be equal (93%) in the absence of metallurgical test work for Targets 2, 3, 4 and 5 material. In the Company’s opinion there is reasonable potential for both gold and silver to be extracted and sold. 

Relationship between mineralisation widths and intercept lengths

These relationships are particularly important in the reporting of Exploration Results. 

If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. 

If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’). 

True widths at Refugio between sections 120 and 1,000 vary according to the hole’s dip. Holes drilled at -50 degrees may be considered to have intercept lengths equal to true-widths, Holes drilled at -70 degrees had true widths approximately 92% of the reported intercept lengths and holes drilled at -90 degrees had true widths of 77% of the reported intercept lengths.  

True widths at La Soledad are not fully understood and downhole intercepts to date, are reported. 

At Las Brujas in Target 2, true widths are not yet known since we are still in the early stages of target definition. 

Rock sawn channel samples are cut perpendicular to the observed vein orientation wherever possible 

Diagrams

Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. 

See figures in announcement

Balanced reporting

Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. 

All exploration results are reported for intercepts greater than or equal to 0.1 g/t gold equivalent (gold plus silver at 70:1 price ratio for gold:silver). 

Other substantive exploration data

Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. 

No additional exploration data are substantive at this time. 

Metallurgical test work on drill core composite made of crushed drill core from the El Refugio drill hole samples has been conducted. 

The samples used for the test work are representative of the material that makes up the majority of the Maiden Resource Estimate for El Refugio release on 17th November 2021. 

The test work was conducted by SGS laboratory Mexico using standard reagents and test equipment. 

Further work

The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling). 

Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. 

The Company drilled 148 diamond core holes from July 2020 to July 2022 for 32,712 m.  The Company has stated its target to drill 40,000m from June 2024 until the end of 2025. 

Diagrams are included in the announcements and presentations showing the drill target areas within the Copalquin District 

1 See ‘About Copalquin Gold Silver Project’ section for JORC MRE details and AuEq. calculation.

October 16, 2025 07:30 ET

 | Source:

Bombardier Inc.

MONTREAL, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) will publish its financial results for the third quarter of 2025 on November 6, 2025.

Financial results for the third quarter of 2025

Éric Martel, President and Chief Executive Officer, and Bart Demosky, Executive Vice President and Chief Financial Officer, will present the financial results for the third quarter of 2025 in a live presentation, followed by a question-and-answer period with analysts.

  The presentation will take place on November 6, 2025, at 8:00 a.m. ET. To listen in:

Live webcast (recommended): 
A live webcast of the financial results presentation, along with the relevant financial charts, will be available on this webpage.By phone: 
The presentation may also be accessed by telephone. Phone lines will open 15 minutes in advance.    Local dial-in number - Montreal (English and French): 
+1 438 792-9840 
Local dial-in number - Toronto (English and French): 
+1 289 514-5015

(Conference ID English: 29213 | Conference ID French: 16333)

A replay of the call will be posted on Bombardier’s website shortly following the end of the webcast.

About Bombardier 
At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.  

For them, we are committed to pioneering the future of aviation — innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it. 

Bombardier customers operate a fleet of approximately 5,100 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.

  For Information

For corporate news and information, including Bombardier’s Sustainability Report, as well as the company’s plans to cover all its flight operations with a Sustainable Aviation Fuel (SAF) blend utilizing the Book and Claim system, visit

bombardier.com.  Learn more about Bombardier’s industry-leading products and customer service network at

bombardier.com. Follow us on X

@Bombardier. 

Media Contacts
General media contact webform

Francis Richer de La Flèche
Vice President, Financial Planning
and Investor Relations
Bombardier
+1 514 240-9649Mark Masluch
Senior Director, Communications
Bombardier
+1 514 855-7167

Addition of TUS to VEN+AZA achieves CR/CRh responses in all (6/6, 100%) patients treated at the higher dose levels of 80 mg and 120 mg TUS, exceeding the 66% rate expected from VEN+AZA alone
CR/CRh responses in 7/8 (88%) FLT3 wildtype AML, representing 70% of AML population
TUS+VEN+AZA achieves CR/CRh and MRD-negativity in TP53-mutated (2/2), RAS-mutated (1/1) and FLT3-ITD (2/2) AML patients to date
TUS+VEN+AZA is well tolerated with no DLT, differentiation syndrome, QTc prolongation, or prolonged myelosuppression at any dose level to date in newly diagnosed AML patients
TUS+VEN+AZA is being developed as a safe and mutation agnostic frontline therapy for AML
Dosing with 160 mg TUS is now ongoing
SAN DIEGO and TORONTO, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Aptose Biosciences Inc. (“Aptose” or the “Company”) (OTC: APTOF, TSX: APS), a clinical-stage precision oncology company developing the tuspetinib (TUS)-based triple drug frontline therapy to treat patients with newly diagnosed AML, today announced that data from the ongoing TUSCANY trial of tuspetinib in combination with venetoclax and azacitidine (TUS+VEN+AZA) are being presented in a poster presentation, “TUSCANY Study of Safety and Efficacy of Tuspetinib plus Standard of Care Venetoclax and Azacitidine in Study Participants with Newly Diagnosed AML Ineligible for Induction Chemotherapy,” at the European School of Haematology (ESH) 7th International Conference on Acute Myeloid Leukemia “Molecular and Translational”: Advances in Biology and Treatment, being held from October 16-18, 2025 in Estoril, Portugal. Data to date from 10 patients in the TUSCANY trial across all three cohorts, 40 mg, 80 mg or 120 mg TUS dose in TUS+VEN+AZA, reveal promising clinical safety and antileukemic activity and support the use of TUS with standard of care treatment across a broad range of AML populations, including those carrying adverse mutations regardless of FLT3 mutation status.

The TUS+VEN+AZA triplet is being developed as a safe and well-tolerated, mutation agnostic frontline therapy to treat large, mutationally diverse populations of newly diagnosed AML patients who are ineligible to receive induction chemotherapy. Across all dose cohorts to date, no significant safety concerns or dose limiting toxicities (DLTs) have been observed in the TUSCANY trial, including no prolonged myelosuppression in Cycle 1 of subjects in remission, no reports of drug-related QTc prolongation or differentiation syndrome (DS), no CPK elevation and no treatment-related deaths. Dosing has begun at the 160 mg TUS dose level.

“We have observed that TUS can be safely added to a backbone VEN+AZA without needing to reduce the dose of these standard-of-care drugs. The activity we have observed with the TUS triplet in the first 10 patients has exceeded our expectations with 9 achieving complete remissions and 7 demonstrating MRD-negativity by central flow cytometry,” said Rafael Bejar, M.D., Ph.D., Chief Medical Officer of Aptose. “In addition, these remissions are happening in diverse genetic subtypes including those with unmutated FLT3, FLT3-ITD, NPM1c, biallelic TP53 with complex karyotype, RAS, or myelodysplasia related mutations, making this a truly mutation agnostic therapy.”

Data highlights:

TUS in combination with standard dosing of VEN+AZA has been well tolerated with no DLT, no treatment-related deaths, no differentiation syndrome, no QTc prolongation, no prolonged myelosuppression after remission in Cycle 1, and no CPK elevations reported at any dose levels to date in these newly diagnosed AML patients.
Addition of TUS to VEN+AZA achieved CR/CRh responses in 6/6 (100%) patients treated at the higher dose levels of 80 mg and 120 mg TUS, exceeding the 66% rate expected from VEN+AZA alone.
Overall, TUS+VEN+AZA CR/CRh responses were observed in 9/10 (90%) patients.
7 of 8 (88%) CR/CRh responses in FLT3 wildtype AML, representing 70% of AML population. TUS+VEN+AZA MRD-negativity noted in 7/9 (78%) responding patients by central flow cytometry. CR/CRh responses achieved across diverse mutational subtypes including: unmutated FLT3, FLT3-ITD, NPM1c, biallelic TP53 with complex karyotype, RAS, and myelodysplasia related mutations. Dosing at the TUS 160 mg dose level is now ongoing.
See the ESH poster presentation here.

TUSCANY: TUS+VEN+AZA Triplet Phase 1/2 Study

The tuspetinib-based TUS+VEN+AZA triplet therapy is being advanced in the TUSCANY Phase 1/2 trial with the goal of creating an improved frontline therapy for newly diagnosed AML patients that is active across diverse AML populations, durable, and well tolerated.

The TUSCANY triplet Phase 1/2 study, being conducted at 10 leading U.S. clinical sites by elite clinical investigators, is designed to test various doses and schedules of TUS in combination with standard dosing of AZA and VEN for patients with AML who are ineligible to receive induction chemotherapy. A convenient, once daily oral agent, TUS is being administered in 28-day cycles. Multiple U.S. sites are enrolling in the TUSCANY trial with anticipated enrollment of 18-24 patients by the end of 2025. Data will be released as it becomes available.

More information on the TUSCANY Phase 1/2 study can be found on www.clinicaltrials.gov (here).

About Aptose

Aptose Biosciences is a clinical-stage biotechnology company committed to developing precision medicines addressing unmet medical needs in oncology, with an initial focus on hematology. The Company’s lead clinical-stage, oral kinase inhibitor tuspetinib (TUS) has demonstrated activity as a monotherapy and in combination therapy in patients with relapsed or refractory acute myeloid leukemia (AML) and is being developed as a frontline triplet therapy in newly diagnosed AML. For more information, please visit www.aptose.com.

Forward Looking Statements

This press release may contain forward-looking statements within the meaning of Canadian and U.S. securities laws, including, but not limited to, statements relating to the therapeutic potential and safety profile of tuspetinib (including the triplet therapy) and its clinical development, goals, the anticipated enrollment rate in the TUSCANY trial and the timing thereof, as well as statements relating to the Company’s plans, objectives, expectations and intentions and other statements including words such as “continue”, “expect”, “intend”, “will”, “should”, “would”, “may”, and other similar expressions. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by us are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements described in this press release. Such factors could include, among others: our ability to obtain the capital required for research and operations and to continue as a going concern; the inherent risks in early stage drug development including demonstrating efficacy; development time/cost and the regulatory approval process; the progress of our clinical trials; our ability to find and enter into agreements with potential partners; our ability to attract and retain key personnel; changing market conditions; inability of new manufacturers to produce acceptable batches of GMP in sufficient quantities; unexpected manufacturing defects; and other risks detailed from time-to-time in our ongoing quarterly filings, annual information forms, annual reports and annual filings with Canadian securities regulators and the United States Securities and Exchange Commission.

Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled “Risk Factors” in our filings with Canadian securities regulators and the United States Securities and Exchange Commission underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and we do not intend, and do not assume any obligation, to update these forward-looking statements, except as required by law. We cannot assure you that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

For further information, please contact:

Aptose Biosciences Inc.
Susan Pietropaolo
Corporate Communications & Investor Relations
201-923-2049
[email protected]

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQW) ("Pacific Ridge" or the "Company") is pleased to announce that drill hole RDP-25-011 intersected 112.2m of 1.35% copper equivalent* ("CuEq") or 2.02 g/t gold equivalent** ("AuEq") within 405.0 m of 0.71% CuEq or 1.06 g/t AuEq from the Day target at the Company's 100% owned RDP copper-gold project ("RDP").

October 16, 2025 7:30 AM EDT | Source: Nevada Sunrise Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - Nevada Sunrise Metals Corporation (TSXV: NEV) (OTC Pink: NVSGF) ("Nevada Sunrise" or the "Company") is pleased to announce a non-brokered private placement (the "Offering") for gross proceeds of up to $350,000 consisting of 7,000,000 units (the "Units") at a price of $0.05 per Unit, each Unit consisting of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one common share at a price of $0.075 for a period expiring three years from the closing date of the Offering.

Proceeds of the Offering will be used for:

Exploration work on the Company's Nevada gold, copper and lithium properties; Other mineral property investigations, and general working capital. The Offering is available to accredited investors and individuals that may qualify under certain other statutory exemptions. The securities issued pursuant to the Offering will be subject to a statutory four-month hold period. Finder's fees may be payable to parties at arm's length to Nevada Sunrise that have introduced the Company to certain subscribers participating in the Offering. The Offering is subject to acceptance of the TSX Venture Exchange.

This news release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act") or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, copper and lithium exploration projects located in the State of Nevada, USA.

Nevada Sunrise holds the right to purchase a 100% interest in the Griffon Gold Mine Project, located approximately 50 kilometers (33 miles) southwest of Ely, NV.

Nevada Sunrise holds the right to earn a 100% interest in the Coronado Copper Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV.

Nevada Sunrise owns 100% interests in the Gemini West, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda County, NV.

As a complement to its exploration projects in Esmeralda County, the Company owns Nevada Water Right Permit 86863, also located in the Lida Valley basin, near Lida, NV.

FORWARD-LOOKING STATEMENTS

This release may contain forward‐looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to future plans for the Company's Nevada mineral properties; reliance on technical information provided by third parties on any of our exploration properties; changes in mineral project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or metallurgical recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays due to weather; delays in obtaining governmental approvals, financing or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Nine Months ending June 30, 2025, which is available under Company's SEDAR profile at www.sedarplus.ca.

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

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

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270668

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:

nLight (LASR - Free Report) : This company, which provides high-power semiconductor and fiber laser, has seen the Zacks Consensus Estimate for its current year earnings increasing 50% over the last 60 days.

Photronics (PLAB - Free Report) : This company, which is a leading worldwide manufacturer of photomasks, has seen the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days.

Weatherford International (WFRD - Free Report) : This company, which offers drilling solutions, gas well unloading, restoration and other related activities, has seen the Zacks Consensus Estimate for its current year earnings increasing 6% over the last 60 day.

California Resources (CRC - Free Report) : This oil and natural gas exploration and production company, which is principally based in California, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days.

Dycom Industries (DY - Free Report) : This specialty contracting firm operating in the telecom industry, which provides diverse services such as engineering, construction, maintenance and installation services for the cable and telephone companies, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

This isn't just another financial product. It's a major leap toward bringing traditional finance onto the blockchain.

Summary

Following strong volatility earlier in October 2025, the BNB price now fluctuates between $1,100 and $1,340.
CZ’s portfolio restructuring and YZi Labs’ new builder fund have renewed institutional interest in BNB.
Resistance is at $1,330-$1,370; breaking above could go to $1,450-$1,600.
Failure to hold over $1,100 may result in a decline to $1,000-$900.
Regulatory and macroeconomic variables continue to pose significant challenges to long-term growth.
The outlook remains moderately positive, boosted by BNB burning, builder initiatives, and capital inflows.

BNB price has returned to the spotlight in October 2025, setting new all-time highs and rekindling investor enthusiasm.

However, unlike previous rallies that relied heavily on momentum and retail exuberance, today’s developments have more structural implications: a newly launched builder fund from YZi Labs, talk of opening CZ’s investment operations to outside capital, and increasingly visible institutional flows into BNB-centric strategies.

Whether this present increase in price is just another speculative chapter or the start of long-term adoption depends on how these narratives hold up under stress.

Current BNB price scenario
BNB 1d chart, Source: crypto.news
BNB’s price movement in October has been unpredictable.  After surging into the $1,330-$1,370 range in early October, BNB experienced intense profit-taking and a larger market liquidation wave, falling to $1,040-$1,130 intraday before recovering. 

The daily chart shows BNB trading in a turbulent range, with resistance near $1,330-$1,370 and support zones ranging from $1,100 to ~$1,040-$1,050. 

Notably, the larger market’s $19 billion liquidation event in mid-October sparked widespread sell pressure across crypto, although BNB’s decline was more controlled than many peer assets — suggesting that some investors remain committed to its story and that confidence in BNB price prediction models remains intact despite volatility.

Upside outlook for BNB price
If Binance Coin (BNB) can re-establish momentum above $1,330-$1,370, it will confirm a breakout and may pave the way for $1,450-$1,600 in the coming weeks.  This bullish extension is anticipated to coincide with revived institutional positioning and increased usefulness within the Binance and BNB Chain ecosystems.  

The YZi Labs building fund is already being positioned as a structural driver: it focuses on initiatives in decentralized finance, AI-linked infrastructure, payments, and real-world asset tokenization, all of which have the potential to increase on-chain transaction volumes and strengthen BNB’s fundamental value proposition.

Furthermore, rumors that YZi Labs may turn into an external investment platform have piqued the interest of strategic partners, who see Binance’s capital network as a gateway to Web3 growth.  These reasons, combined with the deflationary burn mechanism and Binance’s sustained dominance in trading volumes, serve as the foundation for BNB’s medium-term optimistic thesis.  

Downside risks to Binance coin price
Failure to retake the $1,330-$1,370 range might extend consolidation and lead to a further fall.  If BNB closes strongly below $1,100, technical projections suggest a drop below $1,000 or even $900, particularly if Bitcoin declines or global risk appetite decreases. 

Analysts also warn that regulatory scrutiny remains a chronic concern.  Any misreading of YZi Labs’ restructuring or external funding plans could draw renewed scrutiny from financial regulators, eroding investor trust.

Furthermore, the larger macroeconomic environment, which includes U.S. inflation data, interest-rate policy, and liquidity constraints, continues to influence capital allocation in digital assets.

Even positive ecosystem developments may not result in persistent price appreciation if macroeconomic cues are not supportive. In short, while BNB’s fundamentals appear robust, the mood is fragile, and another bout of market stress could quickly reverse recent gains.

BNB price prediction based on current levels
BNB support and resistance levels, Source: Tradingview
BNB is currently trading in the $1,100-$1,340 equilibrium region, with $1,370 acting as a significant breakthrough mark and $1,100 as vital support.

A confirmed move above $1,370 might propel the price to $1,450-$1,600, extending the current bullish cycle if institutional interest materializes and the broader market stabilizes.  In contrast, a fall below $1,100 might flip momentum decisively bearish, exposing the $1,000-$900 level as the next potential target.  

For the time being, the view is cautiously bullish: continued builder-fund activity, ongoing burns, and CZ’s capital restructuring provide narrative support, but the market will look for proof in the form of higher lows and more trading volume.  If these factors coincide, BNB might reestablish itself as one of the best-performing large-cap tokens moving into the fourth quarter of 2025.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

CZ urged Coinbase to list more BNB Chain projects, reigniting rivalry after Coinbase added BNB to its official listing roadmap.The move fuels the “CEX listing wars,” spotlighting debates over fees, fairness, and transparency between Binance, Coinbase, and other exchanges.Industry leaders see cooperation as symbolic, but competition for liquidity and influence keeps the rivalry strategically charged.The ongoing rivalry between Binance and Coinbase has reignited after the former’s founder, Changpeng Zhao (CZ), publicly called on Coinbase to list more BNB Chain projects.

It comes only hours after Coinbase added BNB to its listing roadmap, signaling an intention to onboard the Binance token.

Sponsored

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CZ Wants Coinbase to List More BNB Chain ProjectsCZ called for reciprocity between the two largest centralized exchanges, Binance and Coinbase. The comment, posted on X (Twitter), came amid growing debate over listing transparency, fees, and cross-chain fairness across CEXs.

“I would urge Coinbase to list more BNB chain projects. Binance has listed several Base projects. Don’t think Coinbase has listed a single BNB chain project yet. And it’s a more active chain. Not a trade. Just recommending, given we are on the topic of being open, inclusive, etc. Also good for the exchange, I believe,” CZ wrote.

CZ’s post directly responded to a viral thread summarizing a heated sequence of events: Coinbase’s Jesse Pollak, the creator of Base, had posted about listing fees. Subsequently, a Base project founder alleged that Binance demanded steep fees for consideration.

> Jesse posts about CEX listing fees
> Base project founder says fk it and publicly exposes Binance listing demands
> CZ and Binance fight back
> Ppl across the industry post their sides

> Coinbase lists BNB

?????

— voh (@vohvohh) October 15, 2025
The debate has spiraled into what X (Twitter) users dubbed the “CEX listing wars.”

Coinbase added BNB to its official listing roadmap, marking a rare show of engagement between two direct competitors. The move signaled tentative openness but also carried strategic implications.

As BeInCrypto reported, Coinbase said the listing would depend on technical readiness and market-making requirements. The process could delay full trading activation.

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Still, the announcement triggered speculation across crypto circles: Was Coinbase signaling goodwill, or merely capitalizing on the media buzz?

Listing Wars Expose CEX RivalriesThe exchange feud has drawn the attention of the wider industry. Critics accused Binance of using high listing fees and selective gatekeeping.

At the same time, Coinbase faced its own backlash for alleged hypocrisy, positioning itself as transparent and accessible yet historically slow to list non-Ethereum ecosystem tokens.

Cecilia Hsueh, Chief Strategy Officer at MEXC exchange, weighed in with a more pragmatic take.

“At MEXC, our first principle is simple — list more, list fast to meet user demand. We do charge a listing fee, but it’s small, probably the lowest among top CEXs, and it mostly goes into helping projects promote their launch,” she said on X.

Hsueh emphasized that exchanges follow different business models depending on their growth stage and liquidity, suggesting that fee-based models aren’t inherently unfair.

This nuanced stance resonated amid escalating tribalism between the Binance and Coinbase communities.

Coinbase’s decision to acknowledge BNB, even symbolically, suggests a shift toward interoperability over isolation, a trend increasingly demanded by users and regulators alike.

However, beneath the gestures of inclusivity, the “listing wars” highlight an enduring truth about crypto exchanges. Competition for liquidity and narrative dominance remains fierce, and even gestures of cooperation are rarely without strategic calculation.

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In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Key NotesBitMine Immersion Technologies bought over $417 million in ETH amid the market dip.Ethereum dominates social media as major developments fuel optimism.Institutional accumulation drives the ETH supply squeeze, with many analysts turning bullish.
Ethereum

ETH
$4 060

24h volatility:
2.3%

Market cap:
$487.18 B

Vol. 24h:
$40.74 B

continues to dominate headlines amid massive accumulation led by Tom Lee-chaired BitMine Immersion Technologies. The company reportedly bought the dip once again on Oct. 16, acquiring an additional 104,336 ETH, valued at roughly $417 million.

It looks like Bitmine(@BitMNR) just bought another 104,336 $ETH($417M).

Over the past 7 hours, 3 new wallets received 104,336 $ETH($417M) from #Kraken and #BitGo.

Despite the crypto market crash, Tom Lee still predicts $ETH will hit $10K by year-end.https://t.co/KewyZ4cAeP… pic.twitter.com/Vn5b9ijP2Z

— Lookonchain (@lookonchain) October 16, 2025

BitMine now controls the largest single corporate holding of Ethereum, around 3.04 million ETH. Sharplink Gaming follows with 840,120 ETH, while The Ether Machine owns 496,710 ETH, according to data from StrategicETHReserve.

This demand comes despite the ongoing volatile phase for the ETH price in October. According to Bitwise, nearly all of the Ether accumulated by public companies this year occurred between July and September.

95% of all ETH held by public companies was purchased in the past quarter alone.

Watch this space.

Corporate ETH Adoption, Q3 2025 Edition pic.twitter.com/9hDARuo9vQ

— Bitwise (@BitwiseInvest) October 15, 2025

As of Sept. 30, public companies collectively hold around 4.63 million ETH, worth $19.13 billion, equivalent to roughly 4% of the total Ether supply. The majority of that buying spree happened in Q3, signaling a surge in confidence from institutional investors.

Analysts note that the concentration of Ethereum buying during Q3 raises questions about what’s next for the cryptocurrency as it enters the fourth quarter.

Ether, which traded above $4,300 before last week’s market-wide sell-off, has since slipped to around $4,000 level at the time of writing. It has wiped out $60 billion in its market capitalization in the past month, according to CoinMarketCap.

Market analysts view the institutional accumulation as a bullish sign, making it one of the best crypto to buy right now.

With 40% of the entire ETH supply now effectively locked away, experts believe a potential supply squeeze could lead to a sharp rebound in the coming months.

Ethereum’s Rising Social Buzz
Meanwhile, Ethereum is seeing a surge in social media activity. Data from Santiment shows that Ethereum-related discussions have recently skyrocketed on social media platforms, driven by several key developments.

🗣️The top trending tokens in crypto across social media, based on the highest discussion rates above normal, are:

🪙 The word 'pyusd' is trending due to a major incident involving the Paxos company mistakenly minting $300 trillion worth of PYUSD stablecoins on the Ethereum… pic.twitter.com/mBWCiqEiS5

— Santiment (@santimentfeed) October 16, 2025

This includes large Ethereum Foundation deposits into DeFi vaults, strong ETF inflows, and renewed institutional interest. Additionally, the recently misexecuted $300 trillion PYUSD minting on Ethereum caught massive attention on X.

Beyond finance, Ethereum’s role is expanding globally. The blockchain is being integrated into Bhutan’s national ID system. Developers also continue to favor Ethereum as the top ecosystem for innovation in 2025.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedIn

Bitcoin struggles to sustain momentum after setting a new all-time high, with Glassnode warning of a possible deeper correction.

Key NotesBlackRock Ethereum ETF led with $163 million in inflows and over $1.4 billion in trading volume.ETHA has attracted over $10 billion in 2025, ranking 15th out of 4,400+ ETFs, underscoring rising institutional confidence.Market analysts remain divided on the ETH price trajectory as bulls and bears are in a tight fight at $4,000.
Inflows into spot Ethereum

ETH
$4 060

24h volatility:
2.3%

Market cap:
$487.18 B

Vol. 24h:
$40.74 B

ETFs continue to remain strong even as the ETH price faces strong selling pressure in the broader crypto market correction. Currently, there’s a tight fight between the bulls and bears to hold ETH above $4,000. On the other hand, institutions are recouping from the early week Ether ETF outflows.

Ethereum ETF Inflows Remain Robust
On Wednesday, October 15, inflows into spot Ethereum ETFs, across all US ETF issuers, stood at $169 million. However, these numbers are largely polarized, with BlackRock iShares Ethereum Trust (ETHA) contributing to most of the inflows at $163 million. The second in line was Bitwise ETHW at $12.31 million.

BlackRock’s spot Ethereum ETF (ETHA) recorded strong investor interest, registering net inflows of 41,132 ETH. Furthermore, the fund also witnessed $1.4 billion in trading volume over the same period. This signals growing institutional participation in Ethereum-based investment products.

BlackRock Ethereum ETF sees healthy inflows | Source: Trader T

With more than $10 billion in inflows this year in 2025 so far, BlackRock’s ETHA has climbed to the 15th position out of more than 4,400 ETFs. The milestone underscores growing institutional demand for Ethereum exposure through regulated investment vehicles.

ETH Price Tests Crucial Support at $4,000
Following the strong selling pressure at $4,400, ETH price has corrected nearly 10% and is looking for a crucial support at $4,000, which seems to be weakening at this point. Market analysts share mixed opinions and remain divided over the next ETH trajectory.

Crypto analyst Ted Pillows noted that Ethereum (ETH) continues to hold firm above the $3,850 support level, maintaining short-term bullish potential. According to Pillows, a decisive move above $4,250 could trigger a short-term uptrend for the asset. The dropping ETH supply on exchanges could further aid this rally.

However, he cautioned that if Ethereum fails to defend the $3,850 support, the market could see increased downside volatility.

$ETH is still holding above its $3,850 support level.

The next key level to reclaim is $4,250, which could start a short-term uptrend.

In case Ethereum loses the $3,850 support level, expect more downside volatility. pic.twitter.com/4PpZBof456

— Ted (@TedPillows) October 16, 2025

On the other hand, crypto analyst Ali Martinez highlighted that Ethereum (ETH) is approaching a bearish MACD crossover on its weekly chart. Martinez noted that the last two occurrences of this technical signal led to price declines of 43% and 61%. This suggests the possibility of a significant downside if the pattern repeats.

Ethereum $ETH is on the verge of a bearish MACD crossover on the weekly chart. The last two times it happened, the price dropped 43% and 61%. pic.twitter.com/RRIjFeR63k

— Ali (@ali_charts) October 16, 2025

Investors need to be more watchful for more volatility ahead and take calls as per their risk appetite.

PEPENODE (PEPENODE) Meme Coin Approaches $2 Million in Presale Raise
Ethereum-based PEPENODE meme coin is capturing attention these days with its unique mine-to-earn mechanism. The project is close to approaching the $2 million milestone in its presale.

PEPENODE is gaining popularity for blending memes and virtual mining. The project allows users to participate in virtual meme coin mining and has quickly emerged as one of the most talked-about crypto presales of 2025.

Presale Details:

Current price: $0.001105
Funds raised: $1,838,367.13
Token ticker: PEPENODE

The platform also offers staking rewards of up to 3,022%, with purchases available via credit/debit cards or cryptocurrency. For further insights, investors can refer to the PEPENODE price prediction report on Coinspeaker.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

Bhushan Akolkar on X

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