Author: Date

(MENAFN– Newsfile Corp)
Toronto, Ontario–(Newsfile Corp. – May 30, 2025) – Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) (” Cathedra, ” the ” Company ,” or ” we “), a bitcoin company that develops and operates digital infrastructure assets with the goal of maximizing its per-share bitcoin holdings, today announces our first quarter (” Q1 “) financial results for 2025:

Q1 2025 Financial Highlights

Total revenues for the three months ended March 31, 2025, of C$6.5 million, compared to C$5.9 million during the three months ended March 31, 2024, an increase of 11%.

In March, we prepaid the outstanding C$5.7 million of principal on our 3.5% senior secured convertible debentures due November 11, 2025 (the ” Debentures “), for C$4.6 million of cash, representing a 20% discount to par (plus accrued interest). Additionally, the creditor surrendered for cancellation 10.9 million warrants to purchase subordinate voting shares at a price of C$0.12 per share until November 11, 2026.

To partially fund the repayment of the Debentures, we entered into a new loan for US$2.5 million, which is secured by approximately 50 of our bitcoin; carries interest at a rate of 13.0% per annum, payable monthly; and is interest-only until maturity on March 18, 2026.

Subsequent to quarter end, we repurchased and cancelled an additional 14,205,000 subordinate voting share purchase warrants for total cash consideration of US$75,002. These warrants also had an exercise price of C$0.12 and were set to expire in 2026 and 2027.

As of May 30, 2025, we hold approximately C$0.5 million of cash and C$7.6 million of bitcoin (52.5 bitcoin) for total liquidity of C$8.1 million. Our 52.46 bitcoin translates to approximately 6 satoshis (or “sats”) per share.

Q1 2025 Operating Highlights

In January, we announced a new 10-megawatt power purchase agreement in connection with a potential greenfield bitcoin mining data center development in Tennessee. This would mark our second site in Tennessee and is expected to achieve a cost of power of approximately US$30 per megawatt-hour. Upon final regulatory approvals, we intend to begin construction on the new site, which could be fully operational in as little as three months thereafter.

Also in January, we announced a new partnership with Synota Inc. (” Synota “), a software company that provides automated payments for C&I energy and hosting contracts to reduce financial risk and deliver consistent cash flow. Under the partnership, we utilize Synota’s tools to facilitate daily or weekly settlement of hosting bills, thereby improving cash flow cycles, reducing risk and simplifying back-office processes. This partnership has also added flexibility for Cathedra to accumulate bitcoin, by providing us the option to receive daily hosting payments in the form of U.S. dollars or bitcoin.

In March, we announced that Tirpitz Technology Holdco LLC (the ” JV “), a joint venture that owns and operates a 60-megawatt bitcoin mining data center in North Dakota (the ” North Dakota Facility “) and in which Cathedra holds a minority interest, entered into a binding agreement to sell 100% of the membership units in the JV to a third-party bitcoin miner for total cash consideration of approximately US$21.0 million. The agreement was contingent upon the completion of several performance milestones which were recently achieved, and we expect the transaction to close in the coming weeks (subject to closing conditions and customary regulatory approvals).

Management Commentary

“The first several months of 2025 have affirmed our all-weather strategy, under which we offer hosting services to third-party bitcoin miners while maintaining exposure to mining upside through our own fleet of machines and opportunistic profit-sharing arrangement with certain hosting clients,” remarked AJ Scalia, CEO of Cathedra. “During April, daily hash price hit lows of roughly US$40/PH, during which time the stability of our hosting business allowed us to continue operating without selling down our existing bitcoin strategy. In the weeks since, hash price has rallied nearly 50% as bitcoin has surged to new all-time highs, and we have benefited through our direct exposure to hash rate.

“We took important steps to optimize our capital structure, prepaying our outstanding convertible debt at a significant discount to its par value and cancelling a total of nearly 25 million warrants.

“Looking toward the future, we have contracted another 10 megawatts of power capacity at a new site in Tennessee, which would expand our data center portfolio by 33%. We continue work to expand this growth pipeline further.

“Finally, we recognize that obtaining a listing on a major U.S. stock exchange will meaningfully improve our liquidity, access to capital, and public profile, and continue to work toward bringing Cathedra’s shares to the deepest capital market in the world.”

About Cathedra Bitcoin Inc.

Cathedra Bitcoin Inc. develops and operates digital infrastructure assets across North America with the goal of maximizing its per-share bitcoin holdings. The Company hosts bitcoin mining clients across its portfolio of three data centers (30 megawatts total) in Tennessee and Kentucky and recently developed and sold a 60-megawatt data center in North Dakota, a joint venture in which Cathedra held a minority interest, closing of which is anticipated to occur in the second quarter of 2025. Cathedra also operates a fleet of proprietary bitcoin mining machines at its own and third-party data centers, producing approximately 400 PH/s of hash rate. Cathedra is headquartered in Vancouver and its shares trade on the TSX Venture Exchange under the symbol CBIT and in the OTC market under the symbol CBTTF.

At time of publishing, the Company holds approximately 52.5 bitcoin worth approximately US$5.5 million and amounting to approximately 6 satoshis (or “sats”) per share.

For more information about Cathedra, visit cathedra or follow Company news on Twitter at @CathedraBitcoin or on Telegram at @CathedraBitcoin .

Media and Investor Relations Inquiries

Please contact:

Antonin Scalia
Chief Executive Officer
+1 (604) 259-0607
…

Forward-Looking Statements

This news release contains certain “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about future plans and objectives of the Company, are forward-looking information. Forward-looking information contained in this news release includes but is not limited to information concerning: the potential for and merits of the Kungsleden acquisition; the benefits of the strategy to become a developer and operator of high-density compute infrastructure for bitcoin mining and/or other potential end markets; and other statements regarding future plans and objectives of the Company. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made. The Company has also assumed that no significant events occur outside of its normal course of business.

Additionally, these forward-looking statements may be affected by risks and uncertainties in the business of Cathedra and general market conditions. Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect Cathedra’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Cathedra believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: an inability successfully integrate the Kungsleden business on terms which are economic or at all; a failure to realize the expected benefits of the business plan to develop and operate high-density compute infrastructure for bitcoin mining and/or other potential end markets; the risks of an increase in the Company’s electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the potential adverse impact on the Company’s profitability; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; future capital needs and the ability to complete current and future financings, as well as capital market conditions in general; volatile securities markets impacting security pricing unrelated to operating performance; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws and regulations both locally and in foreign jurisdictions; compliance with extensive government regulation and the costs associated with compliance; unanticipated costs; changes in market conditions impacting the average revenue per MWh; and the risks and uncertainties associated with foreign markets. Additionally, the forward-looking statements contained herein may be affected by risks and uncertainties in the business of Cathedra and general market conditions. Please see the Company’s management information circular dated June 18, 2024 which is available for view the Company’s SEDAR+ profile on . Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. Readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.

To view the source version of this press release, please visit

SOURCE: Cathedra Bitcoin Inc.

MENAFN30052025004218003983ID1109615450

(MENAFN– Newsfile Corp)
Vancouver, British Columbia–(Newsfile Corp. – May 29, 2025) – Route 109 Resources Inc . (TSXV: RTE) (OTCQB: MRIRF) (FSE: 8M0) (“Route109” or the “Company”) is pleased to announce the intersection of 5.05 m of semi-massive to disseminated sulfides returning 1.03% Cu, 1.28 g/t Au, 4947 ppm Mo and 6.58 g/t Ag from 55.10 to 60.15 m in drill hole BD-25-37 located on its Dunlop Bay West showing (Figure 1), in Quebec, Canada. These intersections confirm the strong potential for the property to have a copper-gold-molybdenum-silver mineralized system which is atypical for the Matagami Camp.

These results are from the Company’s 2025 winter drilling program on Dunlop Bay (see press release on winter 2025 drill program) . The program focused on the northern part of the property and aimed to test various geophysical anomalies identified from historical mineralized drillhole intersections. Figure 1 below shows the location of targeted showings and drillhole collars.

Figure 1: 2025 Dunlop Bay property drilling program planned collars.

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At Dunlop Bay West: Twelve short drill holes ranging between 75 and 270 m were drilled for a total of 1,671 m. Three of the most significant results are presented below:

BD-25-37 returned 5.05 m at 1.03% Cu, 1.28 g/t Au, 4,947 ppm Mo and 6.58 g/t Ag from 55.10 to 60.15 m followed by 2.75 m at 0.57% Cu, 0.96 g/t Au, 671 ppm Mo and 5.66 g/t Ag from 66.15 to 68.90 m.

BD-25-38 returned 2.15 m at 1.92% Cu, 1.36 g/t Au, 551 ppm Mo and 11.58 g/t Ag.

BD-25-39 returned 6.00 m at 0.41% Cu, 0.41 g/t Au, 137 ppm Mo and 5.55 g/t Ag.

Table 1 below summarizes the results of each drill holes made on the Dunlop Bay West showing.

Table 1: Drillholes results from Dunlop Bay West Zone.

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At Dunlop Bay North: Five holes were drilled into a new VMS discovery which will be designated as the “Clairet” Zone, a Pb-Zn-Ag mineralized zone. Two further holes were drilled at Dunlop Bay North eastern area for a total of 842 m. Best results a presented below:

BD-25-27 returned 5.55 m at 1.83% Zn, 0.27% Pb, 2.69 g/t Ag.

BD-25-28 returned 1.85 m at 2.29% Zn, 0.57 % Pb, 2.87 g/t Ag.

Table 2 below summarizes the assay results from Dunlop Bay North.

Robert Pryde, CEO of the company said: “The Dunlop Bay property continues to show significant potential for polymetallic mineralization. The 2025 exploration program results confirm the presence of a Cu-Au-Mo-Ag+/-Zn mineralized system. Our technical team is now confident of the presence of an atypical type of mineralized system within the immediate Matagami region. We are excited by the potential of the property and have engaged Laurentia Exploration to interpret these results in the context of the broader geological setting. I look forward to reporting back on their work. We plan to release the remainder of the 2025 exploration program results in the next few weeks.”

Laurentia Exploration of Saguenay, Quebec, was responsible for the drilling program, core logging and sample selection for geochemical sampling and assay.

Table 2: Drillholes results from Dunlop Bay North Zone.

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Qualified Person

Maxime Bouchard, Geo, M.Sc. (OGQ #1752), an independent Qualified Person as defined by Canadian NI 43-101 standards, has reviewed, and approved the geological information reported in this news release. The exploration and soil program were planned and supervised by Maxime Bouchard. The Qualified Person has not completed sufficient work to verify the historical information on the Property, particularly regarding historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About Route 109 Resources Inc.

Route 109 Resources Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. Route109 is currently fully focused on its 100% interest in the two projects, both located in the prolific Abitibi greenstone belt:

King Tut Project consists of 120 contiguous claims on 5,206 hectares

Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares

Route109 common shares trade under the symbol “RTE” on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.

For further information please contact:

Route 109 Resources Inc.

Robert Pryde, President
Tel: +1 (403) 478 6042
Email: …

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

This news release contains “forward-looking statements” and “forward-looking information” (as defined under applicable securities laws), based on management’s best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “expected”, “budgeted”, “forecasts” , “anticipates” “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “aims”, “potential”, “goal”, “objective”, “prospective”, and similar expressions, or that events or conditions “will”, “would”, “may”, “can”, “could” or “should” occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the King Tut and Dunlop Bay projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company’s most recent filings under its profile at for further information respecting the risks affecting the Company and its business.

To view the source version of this press release, please visit

SOURCE: Route 109 Resources Inc.

MENAFN29052025004218003983ID1109610384

(MENAFN– Newsfile Corp)
Vancouver, Kelowna, and Delta, British Columbia–(Newsfile Corp. – May 29, 2025) – Investorideas , a global investor news source covering gold and silver stocks presents a mining snapshot highlighting news from silver miners, from expanded land packages to acquisitions, featuring Apollo Silver Corp . (TSXV: APGO) (OTCQB: APGOF) (FSE: 6ZF0).

Silver Stocks and the Land Grab for Silver Assets

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The Company is focused on advancing its portfolio of two prospective silver exploration and resource development projects, the Calico Project, in San Bernardino County, California, and its option on the Cinco de Mayo Project, in Chihuahua, Mexico.

With strong demand and a supply deficit since 2021, silver miners are actively acquiring land and developing projects to increase production and address the shortfall.

In line with the sector’s growth strategy, Apollo Silver Corp. (TSXV: APGO) (OTCQB: APGOF) (FSE: 6ZF0) recently announce it has acquired 2,215 hectares of highly prospective claims contiguous to its Waterloo property at its Calico Silver Project.

From the news:
The newly acquired claims, referred to as the Mule claims, comprise 415 lode mining claims and were acquired from LAC Exploration LLC, a wholly-owned subsidiary of Lithium Americas Corp. (TSX: LAC) (NYSE: LAC), which was the previous operator of the property. Preliminary mapping and sampling conducted by the previous operator of the Mule claims identified several high-grade silver targets, which will be evaluated as part of Apollo’s future exploration planning.

Additionally, a mapping and sampling program was recently completed at the Burcham gold prospect area in the southwest region of the Waterloo property (see news release dated February 12, 2025). This program confirmed the Calico fault system’s role in controlling silver (Ag) and gold (Au) mineralization in the area and identified potential for copper (Cu), zinc (Zn), and lead (Pb) mineralization associated with stratabound and manto lenses.

Highlights:

Mule claims expand the Calico Project land package by over 285%, from 1,194 hectares to 3,409 hectares of contiguous claims.

Mule claims trend along the mineralized Calico Fault System responsible for mineralization seen at Calico.

Reports from the prior operator indicate that there are several strongly anomalous silver values on the property, which Apollo will attempt to ground-truth in the coming exploration programs.

Sampling done across the Mule claims by previous operator has identified a large Ag anomaly associated with the same suite of host rocks at the Waterloo property.

Exploration at the Burcham prospect at Waterloo included assays from 27 surface samples:

Assay peaks up to 14.10 g/t Au, 20.70 g/t Ag, 0.17% Cu, 22.80% Zn and 5.74 % Pb from various samples.

Identification of strata-bound lenses and mantos that show strong potential for Cu, Zn and Pb mineralization.

Ross McElroy, President and CEO of Apollo commented, “The addition of the Mule claims substantially enhances the Calico Project. Calico already hosts three discrete drill-delineated zones with resource estimates along a 4-km-long trend within the Calico fault zone. The Mule claims increase the project’s land area by 2.5 times, strategically located to the east along this highly prospective mineralized corridor, offering significant potential for further discoveries. Apollo is committed to unlocking value in California for our shareholders.”

The Mule claims, comprising 415 lode mining claims administered by the Bureau of Land Management, feature a continuation of the mineralized Calico Fault System, as identified through mapping and sampling by the previous operator. The sedimentary rocks of the Barstow Formation, which hosts the Waterloo silver deposit and the volcanic Pickhandle Formation are prevalent across the acquired claims. The contact between the Barstow and Pickhandle Formations has demonstrated potential for gold mineralization, similar to that at Waterloo. Sampling across the Mule claims has identified several strong Ag and Au anomalies. Apollo plans to conduct a follow-up exploration program to develop exploration targets and delineate this highly prospective contact.

Earlier this month, Pan American Silver Corp. and MAG Silver Corp announced a definitive agreement for Pan American to acquire all issued and outstanding common shares of MAG through a plan of arrangement. MAG, a tier-one primary silver mining company, holds a 44% joint venture interest in the large-scale, high-grade Juanicipio mine, operated by Fresnillo plc, which holds the remaining 56% interest in the joint venture.

More from the news:
Under the terms of the transaction, MAG shareholders will receive total consideration of approximately $2.1 billion, equivalent to $20.54 per MAG share, based on the closing price of Pan American’s common shares on the New York Stock Exchange (NYSE) on May 9, 2025. The consideration comprises $500 million in cash and 0.755 Pan American shares per MAG share, subject to proration. This represents premiums of approximately 21% and 27% to the closing price and 20-day volume-weighted average price (VWAP) of MAG’s common shares on the NYSE American (NYSEAM) as of May 9, 2025. Upon completion, existing MAG shareholders will own approximately 14% of Pan American’s shares on a fully diluted basis, benefiting from participation in a larger, diversified, and growth-oriented silver and gold producer.

Michael Steinmann, President and CEO of Pan American commented: “Our acquisition of MAG brings into Pan American’s portfolio one of the best silver mines in the world. Juanicipio is a large-scale, high-grade, low-cost silver mine that will meaningfully increase Pan American’s exposure to high margin silver ounces. Furthermore, we see future growth opportunities through the significant exploration potential at Juanicipio as well as MAG’s Deer Trail and Larder properties. This strategic acquisition further solidifies Pan American as a leading Americas-focused silver producer. We would like to thank the Fresnillo and the Juanicipio management teams for the constructive interactions and impressive site visit. Together, we bring many decades of operator experience in Mexico and Latin America to the Joint Venture and we are looking forward to a collaborative future and value generation for all shareholders involved.”

George Paspalas, President and CEO of MAG commented, “This transaction represents a compelling opportunity for our shareholders, providing an immediate premium and meaningful exposure to Pan American’s world-class assets and proven growth strategy. We are proud of what we’ve accomplished at MAG, particularly our partnership with Fresnillo which has created extraordinary value at the exceptional Juanicipio mine. Through the acquisition of our interest by Pan American – a respected leader in the global precious metals industry – our shareholders will participate in an exciting future defined by operational excellence, substantial exploration potential, and strong financial stewardship with significant portfolio exposure.”

Dolly Varden Silver Corporation recently announced that, following its news release dated May 5, 2025, it has completed the acquisition of the Kinskuch Property in northwest British Columbia’s Golden Triangle.

From the news:
The Kinskuch Property is adjacent to the Company’s Kitsault Valley Project and dramatically increases the Kitsault Valley Project size to approximately 77,000 hectares, covering some of the most underexplored and prospective rocks for silver, gold and copper mineralization in the Golden Triangle.

Dolly Varden completed its acquisition of the Kinskuch Property from Hecla Mining Company for consideration of $5 million, which was satisfied by Dolly Varden issuing 1,351,963 common shares of the Company to Hecla. Hecla will also retain a 2% net smelter return royalty on the Kinskuch Property area (the “NSR”). The NSR will include a 50% buyback right, for $5 million, that will allow Dolly Varden to reduce the royalty to 1% at any time. As per an existing agreement between Dolly Varden and Hecla, Hecla will maintain a designated position on Dolly Varden’s Technical Committee, working together to unlock the potential of the underexplored areas.

The year began with a significant development for the sector when, in January, First Majestic Silver Corp. and Gatos Silver, Inc. announced the completion of First Majestic’s acquisition of Gatos Silver under the agreement and plan of merger, as detailed in their joint news release dated September 5, 2024.

More from the news:
On Tuesday, January 14, 2025, both First Majestic and Gatos Silver announced that they received all necessary shareholder approvals at the respective special meetings of each company’s shareholders. Approximately 98.44% of the votes cast at the special meeting of First Majestic’s shareholders were voted in favour and approximately 99.23% of the votes cast at the special meeting of Gatos Silver’s stockholders were voted in favour.

Under the terms of the Merger Agreement, First Majestic has acquired all of the issued and outstanding shares of common stock of Gatos Silver and Gatos Silver is now a wholly-owned subsidiary of First Majestic. Stockholders of Gatos Silver will receive 2.55 First Majestic common shares for each Gatos Silver Share held, and cash in lieu of fractional First Majestic Shares .

“With the closing of this transaction, First Majestic is integrating a high-quality, long-life, positive-free-cash-flow operation into our portfolio of producing mines in Mexico. Cerro Los Gatos is truly a world-class district with robust production and cost efficiency, combined with significant exploration potential,” said Keith Neumeyer, President and CEO. “Over the coming quarters, we will communicate our plans for Cerro Los Gatos, including strategies to realize synergies and integration throughout the business. I take this opportunity to personally welcome Gatos Silver shareholders into First Majestic as we create the industry’s leading intermediate primary silver producer. Finally, I welcome our joint venture partner, Dowa Metals and Mining, with whom we look forward to working closely at Cerro Los Gatos as a supportive and trusted partner.”

These acquisitions underscore the growing trend of land asset expansion and consolidation among silver miners.

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SOURCE: Econ Corp Services DBA Investorideas

MENAFN29052025004218003983ID1109610388

(MENAFN– Newsfile Corp)
Vancouver, British Columbia–(Newsfile Corp. – May 29, 2025) – South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) (” SPMC ” or the ” Company “) is thrilled to announce the discovery of a highly prospective gold-copper surface mineralized system at the Ontenu NE target within its flagship Osena Project in Papua New Guinea, just one kilometre south of and geologically analogous to K92 Mining’s prolific Kainantu gold mine.

Highlights of the Discovery

Rock chip assays returning up to 10.3% copper (“Cu”), 3.1% Cu & 2.06% Cu, and 1.7 g/t gold (“Au”) at surface;

Multiple plus-500 metre gold-in-soil anomalies, with values peaking at 216 ppb Au , over a greater than 3 kilometre (“km”) mineralized corridor;

Newly mapped NW-SE striking high-sulphidation structures exhibit hallmark Kainantu-style pathfinders: Au-Cu + Ag-Bi-Te-Zn;

Phase 2 trenching underway at Ontenu Central ahead of drilling, with Trench 1 previously returning:

4 m @ 4.52 g/t Au, 0.13% Cu, 0.23% Zn

16 m @ 1.25 g/t Au

79 m @ 0.75 g/t Au, 981 ppm Cu

Company-owned diamond drill rig en route to site, with a priority drill campaign set to commence in June. The Ontenu prospects are located along strike in the Kainantu Transfer Zone adjacent to K92 Mining’s tenement. The broader Ontenu Gold-Copper Intrusive Complex is part of an interpreted multi-phase intrusive, large-scale gold-copper porphyry system spanning an area of at least 5 km by 3 km. Metal signatures (Au-Te-Bi) in soil and rock samples suggest a later gold-bearing event overprinting an earlier porphyry Cu-Au-Mo event, similar to those observed at other major deposits including K92 Mining’s Arakompa Project gold veins.

“These are among the most exciting surface results we’ve seen to date in this emerging district,” said Michael Murphy, Executive Chair . “To encounter double-digit copper and high-grade gold at surface-just steps from an operating mine-underscores Ontenu’s exceptional potential. With trenching underway and our drill rig landing next month, we’re entering a new phase of discovery.”

Figure 1. New structure, with proximal samples grading up to 10.3% Copper & 1.63g/t Au at Ontenu NE (arrow > 2 metres wide). Inset image right high-sulphide zone with chalcopyrite (CuFeS2).

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Figure 2. Regional image showing location of Ontenu Central and Ontenu NE

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Ontenu Northeast Surface Sampling Results

The Company conducted a focused surface exploration campaign at Ontenu Northeast from January to March 2025, following up on historical work by RGC Limited in the 1980s and more recent airborne Mobile MT and magnetic surveys (see news release dated October 16, 2024 ). This program involved grid-based soil sampling, reconnaissance rock sampling, and geological mapping to confirm the presence of mineralization and identify potential structural trends.

The Ontenu Northeast area spans approximately 2 km by 1.5 km and lies just 1 km from the high-priority Ontenu Central Copper-Gold Prospect. Previous trenching at Ontenu Central returned strong gold and copper mineralization, including 4 metres averaging 4.52 g/t Au and 0.13% Cu within a broader 79-metre interval grading 0.75 g/t Au and 981 ppm Cu (see news release dated August 27, 2024 ). The site is accessible via road and regional tracks.

The soil sampling grid was established on a 100 m by 100 m spacing, supported by targeted rock sampling and mapping. The results revealed several NE-SW trending gold-in-soil anomalies with values above 30 ppb Au and up to 216 ppb Au, often accompanied by Cu, Ag, Bi, Te, and Zn pathfinders. These features are interpreted as structurally controlled zones prospective for high-grade Au-Cu epithermal systems. Mapping also identified two significant NW-trending structures hosting extensive alteration halos, with mineralized zones up to 2 metres wide and rock chip assays grading up to 10.3% Cu and 1.26 g/t Au (see Appendix 1 for full results).

Figure 3. Soil grid Cu and rock samples – Ontenu NE Gold-Copper Prospect

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Figure 4. Soil Au and rock samples – Ontenu NE Gold-Copper Prospect

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Figure 5. Soil grid for gold and high-grade gold and copper rock samples from Ontenu Main to Ontenu NE on background apparent conductivity (mobile MT)

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Exploration Potential and Planning

These latest results confirm the presence of mineralization associated with a second geophysical target-defined by coincident apparent conductivity and magnetic anomalies-within the broader Ontenu Au-Cu Epithermal-Porphyry prospect area. This growing system is interpreted to host multiple overlapping deposit types, including: Epithermal intermediate sulfidation systems similar to those currently being by K92 Mining Ltd. at the nearby Kainantu Gold Mine;

Au-Bi-Te alkalic epithermal systems analogous to the world-class Porgera Gold Mine (Porgera JV/Barrick Gold Corporation); and

Ag-Pb-Zn rich low-sulfidation skarn associated with limestones and metasediments.

Based on these positive outcomes, the Company plans to return to Ontenu Northeast to complete additional rock sampling, detailed structural mapping, and site assessments for future drill targeting. The Company’s newly acquired diamond drill rig is scheduled to arrive in Papua New Guinea in June 2025, with initial drilling set to commence at Ontenu Central.

Phase 2 Trenching Program at Ontenu Central

The Ontenu Prospect continues to show compelling evidence of a large-scale, mineralized porphyry-epithermal system. As part of ongoing preparations for the upcoming drill program, the Company has launched a second phase of trenching designed to refine drill hole targeting and expand known mineralized zones:

The first of four new trenches has been partially completed, with 80 m excavated and sampled, of a proposed 230 m. All 80 samples collected have been submitted for assay. This trench is approximately 20 m north of Trench 1.

Excavation has commenced at both a westward extension of Trench 1 by 100 m, and a parallel trench ~25 m south of this (230 m length proposed). The trenches parallel to Trench 1 are designed to test the lateral extent of high-grade gold mineralization along strike.

A fourth trench will be initiated to the south, targeting a N-S structural feature associated with prior high-grade soil samples exhibiting a K92-style metal signature (Au-Bi-Te-Sn).

Additional rock sampling is also being conducted across the greater Ontenu area, where peripheral results include up to 2.69 g/t Au, 71.3 g/t Ag, 0.26% Cu, and 5.3% Zn.

Figure 6. Ontenu Central Trench Locations

To view an enhanced version of this graphic, please visit:

Additional regional rock sampling is underway across areas peripheral to Ontenu Central, where previous grab samples have returned up to 2.69 g/t Au, 71.3 g/t Ag, 0.26% Cu, and 5.3% Zn. These broader zones will be further evaluated for future trenching or drill testing.

Continued Exploration at the Anga Project

The Company is also advancing surface exploration at its nearby Anga Project. As announced on April 30, 2025 , four high-priority areas are being actively sampled, with the Irinke Prospect-located just 1,500 metres from K92 Mining’s processing plant and three kilometres along strike from the Arakompa discovery-emerging as a particularly prospective target potentially representing an extension of K92 Mining’s gold system.

About the Osena Project

Covering 738 km2 of strategic ground, the Osena Project is located southwest of and adjacent to K92’s tenements that host the Kainantu Gold Mine. Priority prospects include Ontenu, a large-scale cluster of five intrusive Copper-Gold porphyry, vein and skarn complex extending over 5 km x 3 km. Recent results from Ontenu Central confirm gold-bearing breccias and include a 79 m trench averaging 0.75 g/t Au, including 4 m at 4.52 g/t Au with a high up to 8.82 g/t Au. Historical rock samples targeted for follow-up include 73 g/t Au, 960 g/t Ag, 3.17% Cu & 10.6% Zn (in different locations). The Ontenu Prospect is one of many occurring within a highly mineralized corridor that extends more than 40 km northeast across the Kainantu District. More than half of the Osena Project tenure remains unexplored.

About South Pacific Metals Corp.

South Pacific Metals Corp is an emerging gold-copper exploration company operating in the heart of Papua New Guinea’s proven gold and copper production corridors. With an expansive 3,100 km2 land package and four transformative gold-copper projects contiguous with major producers K92 Mining, PanAust and neighbouring Barrick/Zijin, new leadership and experienced in-country teams are prioritizing thoughtful and rigorous technical programs focused on boots-on-the-ground exploration to prioritize discovery across its portfolio projects: Anga, Osena, Kili Teke, and May River.

Immediately flanking K92 Mining’s active drilling and gold producing operations to the northeast and southwest, SPMC’s Anga and Osena Projects are located within the high-grade Kainantu Gold District – each having the potential to host similar-style lode-gold and porphyry copper-gold mineralization as that present within K92’s tenements. Kili Teke is an advanced exploration project situated only 40 km from the world-class Porgera Gold Mine and hosts an existing Inferred Mineral Resource with multiple opportunities for expansion and further discovery. The May River Project is located adjacent to the world-renowned Frieda River copper-gold project, with historical drilling indicating potential for a significant, untapped-gold mineralized system. SPMC common shares are listed on the TSX Venture Exchange (TSX.V: SPMC), the OTCQB Marketplace (OTCQB: SPMEF) and Frankfurt Stock Exchange (FSE: 6J00).

Quality Assurance and Quality Control

Rock Sampling

Rock samples are selective and collected by a Company geologist in the field. Samples were sent to the ITS (PNG) Ltd (Intertek) Laboratory in Port Moresby. Gold assays were conducted using 30 g charge Fire Assay with Atomic Absorption Spectra finish (Intertek Code FA25/OES), with a detection limit of 0.01ppm. Samples >1 ppm (1 g/t) Au were re-assayed as a check with no significant difference noted.

Multi-element assays were determined using 4-acid digestion with Induced Coupled Optical Emission (ICPOS) (Intertek code 4A/OE33). Certified reference material, duplicates and blanks were inserted into the rock sample to monitor laboratory performance, with no significant variations from expected results.

Soil Sampling

Soil sampling involves sieving a c-horizon soil to a 2 mm in the field. Soil samples were sent to the ITS (PNG) Ltd (Intertek) Laboratory in Port Moresby for assay. Assaying for gold and other elements is determined by aqua regia digestion with a mass-spectrometry finish (Intertek code AR01/MS). Certified Reference Material, duplicates and blanks are inserted in the soil sample to monitor laboratory performance, with no significant variations from expected results.

Qualified Person

The scientific and technical information disclosed in this release has been compiled by Company geologists and reviewed and approved by Darren Holden, Ph.D., FAusIMM, a “Qualified Person” as defined under the Canadian Institute of Mining National Instrument 43-101 Standards of Disclosure for Mineral Projects. Dr. Holden is a Technical Advisor to the Company.

For further information please contact:

MENAFN29052025004218003983ID1109610868

(MENAFN– Newsfile Corp)
Port Moresby, Papua New Guinea–(Newsfile Corp. – May 28, 2025) – Adyton Resources Corporation (TSXV: ADY) announces that it has filed its financial statements for the three months ended March 31, 2025 and accompanying Management Discussion and Analysis on its SEDAR profile at .

ON BEHALF OF THE BOARD OF ADYTON RESOURCES CORPORATION

Tim Crossley, Chief Executive Officer

For further information please contact:
Tim Crossley, Chief Executive Officer
E‐mail: …
Phone: +61 7 3854 2389
Phone: +1 778-549-6768

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

ABOUT ADYTON RESOURCES CORPORATION

Adyton Resources Corporation is focused on the development of gold and copper resources in world class mineral jurisdictions. It currently has a portfolio of highly prospective mineral exploration projects in Papua New Guinea on which it is exploring to expand its identified gold Inferred and Indicated Mineral Resources and expand on its recent significant copper drill intercepts on the 100% owned Feni Island ‎project. The Company’s mineral exploration projects are located on the Pacific Ring of Fire on easy to access island locations which hosts several globally significant copper and gold deposits including the Lihir gold mine and ‎Panguna copper/gold mine on Bougainville Island, both neighboring projects to the ‎Company’s Feni Island project.

Adyton has a total Mineral Resource Estimate inventory within its PNG portfolio of projects comprising indicated resources of 173,000 ounces gold and inferred resources of 2,000,000 ounces gold.

The Feni Island Project currently has a mineral ‎resource prepared in accordance with NI 43-101 dated October 14, 2021, which has outlined an initial inferred ‎mineral resource of 60.4 million tonnes at an average grade of 0.75 g/t Au, for contained gold of 1,460,000 ounces, ‎assuming a cut-off grade of 0.5 g/t Au. See the NI 43-101 technical report entitled “NI 43-101 Technical Report on the Feni Gold-Copper Property, New Ireland ‎Province, Papua New Guinea prepared for Adyton Resources by Mark Berry (MAIG), Simon ‎Tear (MIGI PGeo), Matthew White (MAIG) and Andy Thomas (MAIG), each an independent mining consultant ‎and “qualified person” as defined in NI 43-101,available under Adyton’s profile on SEDAR+ at . Mineral resources are not mineral reserves and have not demonstrated economic viability.

The Fergusson Island Project currently has a mineral resource prepared in accordance with NI 43-101 dated October 14, 2021 which outlined an indicated mineral resource of 4.0 million tonnes at an average grade of 1.33 g/t Au for contained gold of 173,000 ounces and an inferred mineral resource of 16.3 million tonnes at an average grade of 1.02 g/t Au for contained gold of 540,000 ounces. See the technical report entitled “NI 43-101 Technical Report on the Fergusson Gold Property, Milne Bay ‎Province, Papua New Guinea” prepared for Adyton Resources by Mark Berry (MAIG), Simon ‎Tear (MIGI PGeo), Matthew White (MAIG) and Andy Thomas (MAIG), each an independent mining consultant ‎and “qualified person” as defined in NI 43-101,available under the Company’s profile on SEDAR+ at . Mineral resources are not mineral reserves and have not demonstrated economic viability.

Adyton is also on the Frankfurt Stock Exchange under the code 701:GR .

For more information about Adyton and its projects, visit .

White (MAIG) and Andy Thomas (MAIG), each an independent mining consultant ‎and “qualified person” as defined in NI 43-101, available under the Company’s profile on SEDAR+ at . Mineral resources are not mineral reserves and have not demonstrated economic viability.

To view an enhanced version of this graphic, please visit:

Qualified Person

The scientific and technical information contained in this press release has been prepared, reviewed, and approved by Dr Chris Bowden, PhD, GCMEE, FAusIMM(CP), FSEG, the Chief Operating Officer of Adyton, who is a “Qualified Person” as defined by National Instrument 43‐101 ‐ Standards of Disclosure for Mineral Projects.

Forward-looking statements

This press release includes “forward‐looking statements”, including forecasts, estimates, expectations, and objectives for future operations that are subject to several assumptions, risks, and uncertainties, many of which are beyond the control of Adyton. Forward‐looking statements and information can generally be identified by the use of forward‐looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include plans pertaining to the drill program, the intention to prepare additional technical studies, the timing of the drill program, uses of the recent drone survey data, the timing of updating key findings, the preparation of resource estimates, and the deeper exploration of high-grade gold and copper feeder systems. The forward‐looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.

Forward‐looking information are based on management of the parties’ reasonable assumptions, estimates, expectations, analyses, and opinions, which are based on such management’s experience and perception of trends, current conditions and expected developments, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the projects in a timely manner; the availability of financing on suitable terms for the development; construction and continued operation of the Fergusson Island Project and the Feni Island Project; the ability to effectively complete the drilling program; and Adyton’s ability to comply with all applicable regulations and laws, including environmental, health and safety laws.

Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect Adyton’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of managements considered reasonable at the date the statements are made. Although Adyton believes that the expectations reflected in such forward-looking statements are reasonable, such information involves risks and uncertainties, and under reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements expressed or implied by Adyton. Among the key risk factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: impacts arising from the global disruption, changes in general macroeconomic conditions; reliance on key personnel; reliance on Zenex Drilling; changes in securities markets; changes in the price of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave‐ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of and changes in the costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward‐looking statements. Such forward‐looking information represents management’s best judgment based on information currently available. No forward‐looking statement can be guaranteed, and actual future results may vary materially. Readers are cautioned not to place undue reliance on forward looking statements or information. Adyton Resources Corporation undertakes no obligation to update forward‐looking information except as required by applicable law.

To view the source version of this press release, please visit

SOURCE: Adyton Resources Corporation

MENAFN28052025004218003983ID1109608000

(MENAFN– Newsfile Corp)
Toronto, Ontario–(Newsfile Corp. – May 27, 2025) – Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) (the ” Company ” or ” Cathedra “), a bitcoin company that develops and operates digital infrastructure assets with the goal of maximizing its per-share bitcoin holdings, is pleased is to announce the following conference appearances in the month of May.

Consensus 2025 (Toronto)

Earlier in the month of May, Cathedra President & COO Drew Armstrong spoke on panels at CoinDesk’s Consensus conference in Toronto on both Artificial Intelligence and High Performance Compute Strategies for Bitcoin Miners as well as Financing and Treasury Strategies . Recordings of the panels can be found online at .

Bitcoin 2025 (Las Vegas)

This week, on May 28^th, Drew Armstrong will be speaking again on a panel discussing Treasury Management at Bitcoin Magazine’s Bitcoin 2025 conference in Las Vegas at 11:30am local time. Any live webcasts and replays of the presentations will be shared on the Cathedra website at cathedra/news/events and on Twitter @CathedraBitcoin .

About Cathedra Bitcoin Inc.

Cathedra Bitcoin Inc. develops and operates digital infrastructure assets across North America with the goal of maximizing its per-share bitcoin holdings. The Company hosts bitcoin mining clients across its portfolio of three data centers (30 megawatts total) in Tennessee and Kentucky and recently developed and sold a 60-megawatt data center in North Dakota, a joint venture in which Cathedra held a minority interest, closing of which is anticipated to occur in the second quarter of 2025. Cathedra also operates a fleet of proprietary bitcoin mining machines at its own and third-party data centers, producing approximately 400 PH/s of hash rate. Cathedra is headquartered in Vancouver and its shares trade on the TSX Venture Exchange under the symbol CBIT and in the OTC market under the symbol CBTTF.

At time of publishing, the Company holds approximately 52.3 bitcoin worth approximately US$5.8 million and amounting to approximately 6 satoshis (or “sats”) per share.

For more information about Cathedra, visit cathedra or follow Company news on Twitter at @CathedraBitcoin or on Telegram at @CathedraBitcoin .

Media and Investor Relations Inquiries

Please contact:

Antonin Scalia
Chief Executive Officer
+1 (604) 259-0607
…

Forward Looking Statements

This news release contains certain “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about future plans and objectives of the Company, including statements about the closing of the sale of the Company’s minority interest in the 60-megawatt data center in North Dakota and the timing thereof are forward-looking information. Forward-looking information contained in this news release includes but is not limited to the goal of maximizing its per-share bitcoin holdings. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made. The Company has also assumed that no significant events occur outside of its normal course of business.

Additionally, these forward-looking statements may be affected by risks and uncertainties in the business of Cathedra and general market conditions. Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect Cathedra’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Cathedra believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: changes in the Company’s relationships, including with regulatory bodies, employees, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws and regulations both locally and in foreign jurisdictions; compliance with extensive government regulation and the costs associated with compliance; unanticipated costs; changes in market conditions impacting the average revenue per MWh; the risks and uncertainties associated with foreign markets; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; new miners may not perform up to expectations; revenue may not increase as currently anticipated, or at all; the ongoing ability to successfully mine Bitcoin is not assured; failure of the equipment upgrades to be installed and operated as planned; the availability of additional power may not occur as currently planned, or at all; risks associated with the completion of the sale of the Company’s minority interest in the 60-megawatt data center in North Dakota, including the inability to close such sale on contemplated terms, or at all; and the power purchase agreements and economics thereof may not be as advantageous as expected. Additionally, the forward-looking statements contained herein may be affected by risks and uncertainties in the business of Cathedra and general market conditions. For further information concerning these risks and uncertainties and other risks and uncertainties, please see the Company’s filings under the Company’s SEDAR+ profile on , including but not limited to the Company’s management information circular dated June 18, 2024 and the Company’s most recent interim and annual management discussion and analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended and such changes could be material, including factors that are currently unknown to or deemed immaterial by the Company. Readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.

Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit

SOURCE: Cathedra Bitcoin Inc.

MENAFN27052025004218003983ID1109599382

(MENAFN– Newsfile Corp)
Vancouver, British Columbia–(Newsfile Corp. – May 26, 2025) – Altura Energy Corp. (TSXV: ALTU) (FSE: Y020) (the ” Company “) is pleased to announce that the Company and Haywood Securities Inc. (the ” Agent “), as sole agent and bookrunner, have agreed to increase the size of its previously announced commercially reasonable efforts brokered private placement from $1,500,000 to $1,985,500 (the ” Offering “). Under the upsized Offering, up to 19,855,000 units of the Company (the ” Units “) are to be issued at a price of $0.10 per Unit for gross proceeds to the Company of up to $1,985,500.

Each Unit will consist of one common share of the Company (a ” Common Share “) and one Common Share purchase warrant (a ” Warrant “). Each Warrant will entitle the holder thereof to purchase one Common Share (a ” Warrant Share “) at an exercise price of $0.25 at any time up to sixty months following the Closing Date (as defined herein). In the event that the closing price of the Common Shares on the TSX Venture Exchange (or such other stock exchange the Common Shares may be listed on from time to time) is equal to or greater than $0.75 for a period of twenty consecutive trading days (the ” Acceleration Event “), the Company may, within five trading days following the Acceleration Event, upon issuing a news release, accelerate the expiry date of the Warrants to the date that is 30 days following the date of such news release.

The Units to be issued under the Offering will be offered by way of private placement pursuant to applicable exemptions from the prospectus requirements in each of the provinces of Canada, and in jurisdictions outside of Canada, excluding the United States, mutually agreed by the Company and the Agent, provided that no prospectus filing, registration or comparable obligation arises in such other jurisdiction.

The Offering is expected to close on or around June 11, 2025 or such other date as agreed upon between the Company and the Agent (the ” Closing Date “) and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The securities to be issued under the Offering will have a hold period of four months and one day from the Closing Date in accordance with applicable securities laws.

The net proceeds from the Offering will be utilized by the Company to repay existing indebtedness and for working capital and general corporate purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

ABOUT ALTURA ENERGY CORP.

Altura Energy Corp. is an exploration and production company with interests in the prolific Holbrook basin of Arizona. For more information, please visit SEDAR+ ( ).

FOR FURTHER INFORMATION

Robert Johnston
CEO & Director
+1 604-609-6110

Forward Looking Statements

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

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

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

To view the source version of this press release, please visit

SOURCE: Altura Energy Corp.

MENAFN26052025004218003983ID1109597229

(MENAFN– Newsfile Corp)
Toronto, Ontario–(Newsfile Corp. – May 26, 2025) – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces that an amendment to the Company’s restricted share unit plan (the “RSU Plan”) will be included in the matters to be presented to shareholders at the annual and special meeting of shareholders of Torex scheduled to be held on June 18, 2025 (the “Meeting”).

The RSU Amendment is being made in response to comments from a proxy voting advisory and corporate governance services firm (the“Proxy Advisory Firm”). The amendment to the RSU Plan, being the insertion of“amend this Section 5.02” as a new subsection (d) and the corresponding grammatical changes (the“RSU Amendment”), will expressly restrict Torex’s board of directors (the“Board”) from amending the amendment section of the RSU Plan. Although any amendment to the amendment section of the RSU Plan is currently subject to shareholder approval under the rules of the Toronto Stock Exchange (the“TSX”), the RSU Amendment addresses Proxy Advisory Firm’s concern that such rules could change in the future.

The RSU Amendment has been approved by the Board and, in accordance with the rules of the TSX, must be approved by shareholders at the Meeting in order to be effective. Accordingly, the RSU Amendment will be presented to shareholders at the Meeting as an addition to the resolution to approve all unallocated share units under the RSU Plan. Other than in respect of the RSU Amendment, management of the Company knows of no amendments, variations or other matters to come before the Meeting. For additional information about the Meeting, please refer to the management information circular dated May 7, 2025 in respect of the Meeting, which is available on SEDAR+ at and on the Company’s website at .

ABOUT TOREX GOLD RESOURCES INC.

Torex Gold Resources Inc. is an intermediate gold producer based in Canada, engaged in the exploration, development, and operation of its 100% owned Morelos Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometres southwest of Mexico City.

The Company’s principal asset is the Morelos Complex, which includes the producing Media Luna Underground, ELG Underground, and ELG Open Pit mines, the development stage EPO Underground Project, a processing plant, and related infrastructure. Commercial production from the Morelos Complex commenced on April 1, 2016 and an updated Technical Report for the Morelos Complex was released in March 2022.

Torex’s key strategic objectives are: deliver Media Luna to full production and build EPO; optimize Morelos production and costs; grow reserves and resources; disciplined growth and capital allocation; retain and attract best industry talent; and industry leader in responsible mining. In addition to realizing the full potential of the Morelos Property, the Company is seeking opportunities to acquire assets that enable diversification and deliver value to shareholders.

FOR FURTHER INFORMATION, PLEASE CONTACT:

TOREX GOLD RESOURCES INC.

Jody Kuzenko
President and CEO
Direct: (647) 725-9982
…
Dan Rollins
Senior Vice President, Corporate Development & Investor Relations
Direct: (647) 260-1503
…

CAUTIONARY NOTES ON FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information also includes, but is not limited to, statements about: the RSU Amendment and it being presented to shareholders at the Meeting; and the Company’s key strategic objectives: deliver Media Luna to full production and build EPO; optimize Morelos production and costs; grow reserves and resources; disciplined growth and capital allocation; retain and attract best industry talent; and industry leader in responsible mining. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “objective”, “target”, “continue”, “potential”, “focus”, “demonstrate”, “belief” or variations of such words and phrases or statements that certain actions, events or results “will”, “would”, “could” or “is expected to” occur. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks and uncertainties associated with: the ability to upgrade mineral resources categories of mineral resources with greater confidence levels or to mineral reserves; risks associated with mineral reserve and mineral resource estimation; and those risk factors identified in the Company’s current technical report and the Company’s annual information form and management’s discussion and analysis or other unknown but potentially significant impacts. Forward-looking information is based on the assumptions discussed in the technical report and such other reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated. 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 information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws. The Technical Report, AIF and MD&A are filed on SEDAR+ at and the Company’s website at .

To view the source version of this press release, please visit

SOURCE: Torex Gold Resources Inc.

MENAFN26052025004218003983ID1109595346

(MENAFN– Newsfile Corp)

Universal Digital and LongPoint enter into a partnership agreement to establish ETFs in Canada

Universal Digital and LongPoint have filed a preliminary prospectus seeking to list 2X leveraged single stock ETFs on Coinbase and MicroStrategy

Vancouver, British Columbia–(Newsfile Corp. – May 22, 2025) – Universal Digital Inc. (CSE: LFG) (FSE: 8R20) (the ” Company ” or ” Universal Digital “) is pleased to announce that it has entered into a partnership with LongPoint Asset Management Inc. (” LongPoint “) and filed a preliminary prospectus in connection with the proposed launch of two new leveraged exchange traded funds (the ” ETFs “). The proposed LFG Daily (2X) COIN Long ETF (the ” COIU ETF “) is designed to provide twice the daily performance of Coinbase Global Inc. (NASDAQ: COIN), and the proposed LFG Daily (2X) MSTR Long ETF (the ” MSTU ETF “) is designed to provide twice the daily performance of MicroStrategy Inc. (NASDAQ: MSTR). Both ETFs are proposed to be listed and traded in Canadian dollars.

The proposed ETFs are structured as alternative mutual funds and LongPoint will apply for the conditional listing approval of the ETFs on the Toronto Stock Exchange (the ” TSX “). The Company expects the COIU ETF to be listed under the ticker symbol “COIU” and the MSTU ETF to be listed under the ticker symbol “MSTU”.

The Company and LongPoint entered into a partnership agreement on 21 May 2025 to establish, operate and market Universal Digital branded ETF products in Canada. The Company has co-developed the ETFs with LongPoint and will act as a promoter and brand partner for the ETFs. LongPoint will serve as the investment fund manager and portfolio manager for the ETFs, leveraging its experience in ETF structuring, compliance, and operations.

The Company expects that the ETFs will be the first of their kind available for investors to purchase on a Canadian stock exchange. There is currently in excess of US$3.6 billion in assets invested in 2X long MSTR targeted ETFs in the U.S.A, and almost US$850 million in assets invested in 2X long COIN targeted ETFs in the U.S.A.

“We are proud to partner with LongPoint, an innovative ETF manager with a strong compliance and operational foundation,” said Tim Chan, Chief Executive Officer of Universal Digital. “Management of the Company believes these ETFs will offer Canadian investors unique access to amplified exposure of some of the most influential companies in the digital asset space and reflect our broader strategy to provide efficient investment vehicles that bridge traditional finance with Web3 innovation.”

“LongPoint is thrilled to be working with Universal Digital, with their expertise in digital assets, to develop the LFG ETFs and bring these novel products to the Canadian market. We know Canadians are actively using similar U.S. listed ETFs to trade these exposures, and once listed, these ETFs will provide an important option to add value for active Canadian investors,” said Steve Hawkins, CEO of LongPoint. “Working with Universal has also reinforced our belief regarding the benefits of our flexible ETF partnership platform, allowing our co-promoters to focus on their own areas of expertise while we oversee and administer the day-to-day operations of the ETFs.”

The preliminary prospectus dated May 20, 2025, containing important information relating to the ETFs, has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada. A copy of the preliminary prospectus is available on . Prospective investors cannot buy shares of the ETFs until the relevant securities commissions or similar authorities issue receipts for the final prospectus of the ETFs and the ETFs begin trading on the TSX.

About Universal Digital Inc.
Universal Digital Inc. is a Canadian investment company focused on digital assets, businesses and private and publicly listed entities that are involved in high-growth industries, with a particular focus on blockchain, cryptocurrencies and cryptocurrency technologies. The Company aims to provide shareholders with long-term capital growth through a diversified investment approach, and to participate in the transformation of global finance through the integration of digital asset strategies.

About LongPoint Asset Management Inc.
LongPoint delivers innovative ETF solutions designed to enhance the Canadian investing journey. With over 70 years of combined expertise in the ETF market, its dedicated team leverages deep industry connections and local insights to design, build and launch exceptional ETFs tailored for Canadian investors.

For further information contact:
Tim Chan
Chief Executive Officer and Director
Email: …
Phone: (289) 646-6252

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement regarding Forward Looking Information

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-Looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the launch of the ETFs; the structure and intended performance of the ETFs; the formation of the ETFs, including the designated names and ticker symbols of the ETFs; the listing of the ETFs on the TSX; the Company’s role in respect of the ETFs; the benefit of LongPoint and the Company’s involvement in the ETFs; and regulatory approvals of the ETFs.

These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: the Company and LongPoint may be unable to successfully launch the ETFs; the structure, formation and intended performance of the ETFs may differ from current expectations; the ETFs may not receive approval for listing on the TSX or other regulatory approvals; and the involvement of LongPoint and the Company in the ETFs may not provide the anticipated benefits.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company and LongPoint will proceed with the launch of the ETFs; the ETFs will be structured and formed as currently expected; the ETFs will operate under the anticipated names and ticker symbols of the ETFs; the ETFs will receive approval for listing on the TSX and other regulatory approvals; LongPoint and the Company’s knowledge and experience will add value to the formation and management of the ETFs.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

The ETFs are alternative mutual funds, and as such, the ETFs are permitted to invest in asset classes or use investment strategies that are not permitted for other types of mutual funds. The ETFs are highly speculative. The ETFs use a significant amount of leverage which magnifies gains and losses. They are intended for use in daily or short-term trading strategies by very knowledgeable, sophisticated investors. If you hold such an ETF for more than one day, your return could vary considerably from the ETF’s daily target return. The negative effect of compounding on returns is more pronounced when combined with leverage and daily rebalancing in volatile markets. The ETFs are not suitable for investors who do not intend to actively monitor and manage their investments.

The ETFs employ significant leverage, may experience amplified losses and should not be expected to return +200 of their daily target over any period of time other than daily. An investor in an LFG ETF could lose their entire investment within a single day if the market value of the respective common stock declines by 50% or more that day. The returns of the ETFs over periods longer than one day will likely differ in amount and possibly direction from their daily target for the same period. This effect is more pronounced for the ETFs as the volatility of the daily target and/or the period of time increases.

This material is for informational purposes only. This material is not intended to be relied upon as research, investment, or tax advice and is not an implied or express recommendation, offer or solicitation to buy or sell any security or to adopt any particular investment or portfolio strategy. Any views and opinions expressed do not take into account the particular investment objectives, needs, restrictions and circumstances of a specific investor and, thus, should not be used as the basis of any specific investment recommendation. Investors should consult a financial and/or tax advisor for financial and/or tax information applicable to their specific situation.

Commissions, management fees, performance fees and operating expenses may all be associated with an investment in the ETFs. The ETF are not guaranteed, their values change frequently, and past performance may not be repeated. The ETF Facts and prospectus contain important detailed information about the ETFs. Please read the relevant documents before investing.

To view the source version of this press release, please visit

SOURCE: Universal Digital Inc.

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(MENAFN– Newsfile Corp)
Rouyn-Noranda, Quebec–(Newsfile Corp. – May 21, 2025) – Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) (” Radisson ” or the ” Company “) is pleased to announce an expansion and extension of its current drill exploration program at its 100%-owned O’Brien Gold Project (” O’Brien ” or the ” Project “) located in the Abitibi region of Québec. This program expansion follows the recent completion of Radisson’s successful C$12 million financing and ongoing drilling that is demonstrating significant gold mineralization below the historic mine workings and the Project’s current Mineral Resources.

Exploration priorities will be as follows:

An additional 30,000 to 40,000 metres of drilling. Approximately 18,000 metres of the new drilling will be completed in 2025 on top of the already budgeted 22,000-metre 2025 program. The balance of the new drilling will be completed in 2026. A fourth rig will be added to the Project in June;

Expansion of the successful strategy of drilling beneath the historic O’Brien mine and the East O’Brien area of new Mineral Resources, to a depth of up to 2 kilometres (Figure 1);

Continuance of the successful strategy of pilot holes and multiple wedges to give clusters of intercepts within the favourable Piché formation with an objective of achieving a drill-hole density appropriate, at a minimum, for a future Inferred Mineral Resource ;

Stepping back and looking at broader exploration opportunities, including separate deep exploratory holes beneath the historic Thompson-Cadillac mine located west of the O’Brien mine. This will be the first drilling conducted at Thompson-Cadillac since 2020 and its first deep drilling ever.

Matt Manson, President & CEO, commented: “Since late last year, we have been achieving consistent success with our “proof-of-concept” strategy of drilling below the existing Mineral Resources at the O’Brien Gold Project with large step-outs. In particular, we are excited by what is developing with our drilling below the historic O’Brien mine workings, where multiple drill-holes have intersected high-grade gold within a large zone of multiple veins with good continuity. In Figure 2 we highlight the amount of coarse visible gold currently being logged in this drilling, both within holes with published assay results and those for which assay results are still pending. At this moment, we are in the process of greatly increasing the known scope of gold mineralization at O’Brien with each new hole. We believe an exploration target of between 3 and 4 million ounces is a reasonable objective for the Project should the style of mineralization we are seeing continue to our exploration horizon of 2,000 metres depth.”

Matt Manson continued: “Consequently, we are announcing today a considerably expanded effort to target these new areas of mineralization with additional deep drilling. In this news release we provide a discussion of the techniques we are using: pilot holes, wedges and directional drilling; and we provide a discussion of the context of our exploration: that O’Brien should not be considered a bespoke curiosity with impressive but localised high-grade gold, but is instead a broader system of mineralization with significant scale potential.”

Figure 1 : The O’Brien Gold Project, from Thompson-Cadillac/West O’Brien in the west through the O’Brien Mine to East O’Brien in long section and plan view, with current Mineral Resources.

To view an enhanced version of this graphic, please visit:

Drilling Context: O’Brien Mineral Resources, Cut-offs and Future Mineral Resources

The 2023 NI 43-101 compliant Mineral Resource Estimate (” MRE “) for the O’Brien Gold Project (“Technical Report on the O’Brien Project, Northwestern Québec, Canada” effective March 2, 2023) comprises 0.50 million ounces of Indicated Mineral Resources (1.52 million tonnes at 10.26 g/t Au), and 0.45 million ounces of Inferred Mineral Resources (1.60 million tonnes at 8.66 g/t Au). This estimate utilizes a 4.5 g/t Au bottom cut-off, at US$1,600 per oz Au with a C$:US$ exchange of 1.25, and 85% metallurgical recovery, amongst other assumptions. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Historic production at the O’Brien Mine between 1926 and 1957 is estimated at 0.59 million ounces from 1.2 million tonnes at 15.25 g/t Au.

Figure 2 : Pilot hole and wedge clusters in the O’Brien Mine and East O’Brien Areas in the west to and Trend #3 in East O’Brien. Illustrates logged instances of visible gold in both published drill holes and completed drill holes with assays pending.

To view an enhanced version of this graphic, please visit:

In Radisson’s view, both the 2023 MRE and the historic mining represent “high-graded” estimates of actual gold content in their respective volumes. In the March 2023 Technical Report for the MRE, sensitivity estimates based on alternate cut-off grades were presented. Using a 3.0 g/t Au cut-off, the Indicated Mineral Resources sensitivity was 0.58 million ounces (2.12 million tonnes at 8.46 g/t Au) and the Inferred Mineral Resource sensitivity was 0.68 million ounces (3.67 million tonnes at 5.79 g/t Au), increases of 15% and 53% respectively in contained ounces over the MRE at a 4.5 g/t Au cut-off grade.

Radisson believes that the O’Brien Project should be evaluated on the basis of a lower cut-off grade, yielding more ounces in more tonnes with greater continuity at lower average grades. Radisson’s disclosure of drill results since 2024 has been based on an assumed cut-off grade of 3 g/t Au for intercepts with mineral resource potential, and Figures 1 and 2 graphically illustrate the MRE at multiple cut-offs including 3 g/t Au. With this view, and given the recent successful drilling below the current MRE and the historic mine, Radisson believes the exploration potential of the Project is between 3 and 4 million ounces should the current density of gold mineralization, in ounces per vertical metre, continue to a nominal exploration horizon of 2,000 metres depth.

By the end of the current program, Radisson will have completed an additional 80,000-90,000 metres of new drilling since the publication of the 2023 MRE. At this time the Company will assess the completion of an updated Mineral Resource estimate. To this end, current and future drilling will be designed to attain a drill-hole density appropriate, at a minimum, to an Inferred Mineral Resource.

Drilling Approach: Deep Pilot Hole + Wedge Drilling in O’Brien’s Core Area

Radisson’s deep drilling program employs a cost-effective and time-efficient strategy that leverages both wedge and directional drilling to generate multiple branches intersecting the prospective Piché Group formation. A full-time directional drilling team is integrated with contract drillers, enhancing precision in targeting and increasing operational flexibility. Drill-hole trajectories are monitored daily to ensure accurate deviation and allow for real-time adjustments. This system provides significant optionality for subsequent branches, enabling Radisson to adapt targets without compromising the integrity of the pilot hole for future exploration.

The O’Brien project has long been known for its occurrence of coarse gold. To address the challenges this presents in sample representativity, where for example, conventional fire assay may under-report grade by missing so-called “nuggets”, Radisson has implemented a screen metallics assay method in intervals containing or proximal to visible gold. As part of ongoing efforts to improve assay reliability and scalability, the Company will soon begin testing PhotonAssay technology. This next-generation technique offers a more advanced and comprehensive solution to the coarse gold challenge by enabling rapid, non-destructive analysis of larger sample volumes.

Qualified Person

Disclosure of a scientific or technical nature in this news release was prepared under the supervision of Mr. Richard Nieminen, P.Geo, (QC), a geological consultant for Radisson and a Qualified Person for purposes of NI 43-101. Mr. Nieminen is independent of Radisson and the O’Brien Gold Project.

About Radisson Mining

Radisson is a gold exploration company focused on its 100% owned O’Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. The Bousquet-Cadillac mining camp has produced over 25 million ounces of gold over the last 100 years. The Project hosts the former O’Brien Mine, considered to have been Québec’s highest-grade gold producer during its production. Indicated Mineral Resources are estimated at 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources estimated at 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Please see the NI 43-101 “Technical Report on the O’Brien Project, Northwestern Québec, Canada” effective March 2, 2023 and other filings made with Canadian securities regulatory authorities available at for further details and assumptions relating to the O’Brien Gold Project.

For more information on Radisson, visit our website at or contact:

Matt Manson
President and CEO
416.618.5885
…

Kristina Pillon
Manager, Investor Relations
604.908.1695
…

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to the closing of the Offering, the planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the ability to incorporate new drilling in an updated technical report and resource modelling, the Company’s ability to grow the O’Brien project and the ability to convert inferred mineral resources to indicated mineral resources. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the drill results at O’Brien; the significance of drill results; the ability of drill results to accurately predict mineralization; the ability of any material to be mined in a matter that is economic. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

To view the source version of this press release, please visit

SOURCE: Radisson Mining Resources

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