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AngloGold Ashanti plans to acquire all of Canada-based gold exploration company Augusta Gold’s shares at a price of C$1.70 per share, or about R1.99 billion, in cash.
The price, which implies an equity value for Augusta Gold of about C$152 million, or about $111m, represents a premium of about 28% to the closing price of Augusta Gold’s shares on the Toronto Stock Exchange on July 15, 2025, the day prior to the announcement of the deal.
“We believe securing these properties will not only solidify our leading position in the most important new gold district in the US, but will also improve our ability to develop the region under an integrated plan – with more flexibility, greater access, better infrastructure sharing, and cohesive engagement with all stakeholders,” said AngloGold Ashanti’s CEO Alberto Calderon in a statement.
AngloGold Ashanti’s share price slipped 2.9% on the JSE to R834.11 on late Wednesday afternoon, but the share price still represents a strong 56.5% rally compared with the R531.17 it traded at a year ago.
Additionally, the JSE, Australia, Ghana, and New York-listed, South Africa-based global mining group will fund the repayment of certain stockholder loans in Augusta Gold, which amounted to about $32.6m at March 31, 2025.
AngloGold Ashanti said that the deal will consolidate its footprint in the Beatty District by acquiring Reward, a permitted, feasibility-stage project, the Bullfrog deposit, and the tenements surrounding each of these properties.
Calderon said the acquired properties are adjacent to AngloGold Ashanti’s claims in the Beatty District and will provide additional mineral resources to AngloGold Ashanti’s inventory.
“This acquisition reinforces the value we see in one of North America’s most prolific gold districts,” said Calderon.
The deal is expected to close in the fourth quarter of this year, subject to customary closing conditions, including Augusta Gold shareholder approval at a stockholder meeting.
After the transaction, Augusta Gold will become an indirect wholly-owned subsidiary of AngloGold Ashanti, and Augusta Gold’s shares will be delisted from the Toronto Stock Exchange, or no longer traded on any over-the-counter market.
Prior to the Augusta Gold Board approval of the deal, the audit committee had reviewed and recommended that the board approve the transaction.
In the past two years, AngloGold Ashanti completed the acquisition of Egypt, Africa, and Australia gold mining and exploration company Centamin in November 2024, and it acquired Vancouver-based Corvus Gold in January 2022. In May this year, two gold projects were sold in Côte d’Ivoire, while a project was acquired in Guinea.
Augusta Gold’s Reward and Bullfrog projects are located in the Bullfrog mining district about 178.6 kilometres north-west of Las Vegas, Nevada, and just outside of Beatty, Nevada.
Visit:wwwbusinessreport.co.za
U.S. stocks are shaky on Wednesday as President Donald Trump said he had “talked about the concept of firing” the head of the Federal Reserve. Such a move could help Wall Street get lower interest rates, which it loves, but could also mean a weakened Fed unable to make the unpopular moves needed to get inflation under control.
The S&P 500 was edging up by 0.1 per cent in midday trading after whipping through an earlier, jagged drop and subsequent recovery.
The Dow Jones Industrial Average was up 94 points, or 0.2 per cent, as of 1 p.m. Eastern time, and the Nasdaq composite was adding 0.1 per cent to its own record set the day before.
The Toronto Stock Exchange was up roughly 0.2 per cent just after 1pm Eastern time.
Stocks had been rising modestly in the morning following a better-than-expected update on inflation across the country. But midmorning news reports that Trump was likely to fire Fed Chair Jerome Powell quickly sent the the S&P 500 down by 0.7 per cent.
When later asked directly if he was planning to fire Powell, Trump said, “I don’t rule out anything, but I think it’s highly unlikely.” That helped calm the market, and stocks erased their losses, but Trump said he could still fire Powell if ”he has to leave for fraud.” Trump has been criticizing a $2.5 billion renovation project underway of the Fed’s headquarters.
Trump’s main problem with Powell has been how the Fed has not cut interest rates this year, a move that would have made it easier for U.S. households and businesses to get loans to buy houses, build factories and otherwise boost the economy. Lower interest rates could also help the U.S. government, which is set to borrow and add a lot more to its debt after approving a wide range of tax cuts.
Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.
But Powell has been insisting that he wants to wait for more data about how Trump’s tariffs will affect the economy and inflation before the Fed makes its next move. While lower interest rates can help boost prices for investments, they can also give inflation more fuel. And the economy only recently came out of the shock that sent inflation over nine per cent in the summer of 2022.
A report on Wednesday said that inflation at the wholesale level slowed to 2.3 per cent last month, which was better than economists expected. It’s an encouraging signal, but just a day before, another report suggested that Trump’s tariffs are indeed pushing up the prices U.S. shoppers are paying for toys, apparel and other imported products.
Trump’s tariffs are making their weight felt across financial markets. ASML, the world’s leading supplier of chipmaking gear, warned that it can’t guarantee any growth next year, after delivering an expected 15 per cent growth in sales for 2025.
Conditions still look strong for ASML’s customers in the artificial-intelligence business, but CEO Christophe Fouquet said in a video that “the level of uncertainty is increasing, mostly due to macroeconomic and geopolitical consideration. And that includes, of course, tariffs.”
Shares that trade in the United States of ASML, which is based in the Netherlands, fell 9.2 per cent.
Stocks of several U.S. companies reporting stronger profits for the latest quarter than analysts expected helped to offset that.
Johnson & Johnson jumped 6.2 per cent after the drug and medical device giant beat analysts’ sales and profit targets and raised its full-year forecasts for both. CEO Joaquin Duato said it expects “game-changing approvals and submissions” in the second half of 2025 on an array of products, including for lung and bladder cancer.
PNC Financial Services Group added 0.9 per cent following its better-than-expected quarterly report, thanks in part to loan growth despite what CEO Bill Demchak called “an uncertain macro environment.”
GrabAGun, an online retailer of firearms and ammunition, swung sharply after combining with Colombier Acquisition Corp. II and taking its spot on the stock market under the ticker “PEW.” Donald Trump Jr., the son of President Trump, is joining the company’s board.
The stock quickly went from an early gain of 19 per cent to a drop of 31 per cent before moderating its loss to 26.5 per cent, with several halts in trading along the way.
In the bond market, the yield on the 10-year U.S. Treasury fell to 4.47 per cent from 4.50 per cent late Tuesday. It had been as low as 4.44 per cent earlier earlier in the day, but it climbed following the reports that Trump was likely to fire Powell.
While a new Fed chair friendlier to Trump could mean lower short-term interest rates, it could have the opposite effect on longer-term yields.
That’s because a less independent Fed would raise worries that it may also let inflation run higher in the future.
In stock markets abroad, indexes mostly fell amid relatively modest movements.
Stocks rose 0.7 per cent in Jakarta after Trump said Tuesday that he plans to charge imports from Indonesia a tariff of 19 per cent, instead of the 32 per cent that he had threatened earlier, after reaching a trade deal.
Indonesia’s central bank also cut its key interest rate by 0.25 percentage points on Wednesday, to 5.25 per cent.
“We have calculated everything and discussed everything. The most important thing for me is my people, as I must protect the interests of our workers,” Indonesian President Prabowo Subianto told reporters, adding that “this is our offer, and we are not able to give more (to the United States).”
© 2025 The Canadian Press
AngloGold Ashanti Plc has agreed to acquire all outstanding shares of Canada’s Augusta Gold Corp. for C$1.70 per share in cash, valuing the transaction at approximately C$152 million (US$111 million).
The deal, announced July 16, 2025, represents a 28% premium to Augusta Gold’s closing price on the Toronto Stock Exchange the prior trading day.
The acquisition grants AngloGold Ashanti control of Augusta’s Reward and Bullfrog projects in Nevada’s Beatty District, adjacent to its existing claims. According to the company, this consolidation will enable integrated development of the region through shared infrastructure and streamlined stakeholder engagement.
Augusta Gold’s board unanimously approved the transaction, with shareholders representing approximately 31.5% of outstanding shares committing voting support. Closing is anticipated in Q4 2025, pending shareholder approval and regulatory clearances. Post-acquisition, Augusta Gold will become a wholly-owned subsidiary of AngloGold Ashanti and delist from public exchanges.
AngloGold Ashanti, listed on the Ghana Stock Exchange (GSE) under ticker AGA, highlighted the strategic importance of securing assets in a “prolific North American gold district.” The company engaged RBC Capital Markets as financial adviser, with legal counsel from Womble Bond Dickinson and Cravath Swaine & Moore.
17 July 2025 – 05:00
by
Could we see a crypto ETF on the JSE any time soon? It seems like it could be a while. Canada launched the first ETF in 1990, tracking the performance of the 35 largest stocks on the Toronto Stock Exchange, while it took the JSE a decade to introduce the Satrix Top 40.
The JSE maintains a cautious approach, having rejected applications for crypto ETFs from some South African asset managers. These rejections have been based on regulatory grey areas — particularly around the Collective Investment Schemes Control Act, which governs pooled investment funds in South Africa, and regulation 28, which sets limits on how pension funds can invest. ..
VANCOUVER, BC / ACCESS Newswire / July 16, 2025 / Star Copper Corp. (CSE:STCU)(OTCQX:STCUF)(FWB:SOP) (“Star Copper” or the “Company”), a critical mineral exploration and development company, is pleasedto announce that it has entered into a definitive agreement (the “Agreement”) to acquire (the “Acquisition”) a 100% interest in the Copperline Property (“Copperline”, the “Property” or the “CopperlineProperty”), located in north-central British Columbia.
“The Copperline Property is an exciting addition to our growing portfolio of high-grade copper assets in British Columbia,” stated Darryl Jones, CEO of Star Copper Corp. “With its compelling geology, strong infrastructure access, and historical grades, Copperline represents an exceptional grassroots copper-silver opportunity in a proven metallogenic belt.”
The Copperline Property consists of eight mineral claims totaling approximately 4,502 hectares, situated near Skutsil Knob at the south end of the Driftwood Range, approximately 120 km north-northeast of Smithers, British Columbia (Figure 1).
Under the Agreement, the Company has agreed to acquire Copperline in exchange for (i) cash, (ii) common shares of the Company (“Common Shares”), (iii) the grant of the Net Smelter Royalty (as defined below), and (iv) a Bonus payment (as defined below), subject to certain conditions.
Highlights
High-Grade Copper-Silver Showings: Drilling, and surface sampling have returned intervals including 25.0 m of 2.54% Cu, 50.4 g/t Ag (DR-9)2, 3.7 m of 2.5% Cu, 76.6 g/t Ag (CL-16)3, and grab samples up to 8.51% Cu and 200 g/t Ag5.
Favourable Geology: Mineralization comprises fine-grained bornite, chalcocite, tetrahedrite, and chalcopyrite within subaerial Telkwa volcanics, consistent with volcanic redbed copper deposit models4.
Strong Infrastructure & Access: Located within 5 km of logging roads and 11 km from the BC Rail Dease Lake extension5(Figure 1).
Exploration Upside: In 2003 several new zones of mineralization were discovered, including the West Zone and Dave’s Zone. Grab samples from the West Zone averaged 2.8% Cu and 71 g/t Ag, while a sample from Dave’s Zone returned 0.17% Cu and 229 g/t Ag3. Mineralized zones and interpreted structural controls suggest the potential for stacked lenses. Multiple “rusty zones” were identified during prospecting northeast of the “main zone” offering potential for new mineralized zones to be discovered.
The Company plans to compile data and create the first 3D model of the Copperline system to plan for the first exploration program.
Figure 1: Map illustrating the regional location of the Copperline Project (After Prosper Gold).
Property Overview
The Copperline Property consists of eight mineral claims totaling approximately 4,502 hectares, located in north-central British Columbia near Skutsil Knob at the southern end of the Driftwood Range. The Property lies roughly 120 km north-northeast of Smithers and benefits from excellent regional infrastructure, including proximity to logging roads (within 5 km), the BC Rail Dease Lake extension (11 km), and hydroelectric potential via the nearby Kotsine River. The Property is accessible by road to within 5 km of the main mineralized zone, allowing for efficient mobilization of exploration crews and equipment.
Geologically, the Copperline Property is underlain by subaerial volcanic rocks of the Lower Jurassic Telkwa Formation, part of the Hazelton Group. These rocks include andesitic to basaltic flows, breccias, and volcaniclastics, locally interbedded with sedimentary units such as redbeds and siltstones. The stratigraphy dips gently to the east and is structurally disrupted by north-northwest trending fault zones and fracture corridors, which are interpreted to control copper-silver mineralization.
Copper-silver mineralization on the Property is characteristic of volcanic redbed copper systems and consists of disseminated and vein-controlled sulphides, including bornite, chalcocite, chalcopyrite, and tetrahedrite. Mineralization is typically hosted within massive volcanic units and associated with secondary structures such as shears, fractures, and bedding-parallel veins. Key alteration assemblages include epidote, chlorite, calcite, hematite, and silica, with “rusty zones” and green alteration halos acting as reliable visual pathfinders in outcrop and float.
Historical exploration dates back to the 1930s, with trenching by Cominco followed by diamond drilling in the 1970s by Craigmont Mines Ltd., and further work by Kit Resources Ltd. in the early 2000s.
Key Historical Drilling Results include:
Craigmont Mines Ltd. (1973-1974)*
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DR-9:
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DR-11:
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DR-12:
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DR-1:
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*Drilling data compiled from Craigmont Mines in ARIS 27276
Kit Resources Ltd. (2003)
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CL-16:
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CL-14 :
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In 2003, Kit Resources also discovered additional zones of mineralization northeast of the Main Zone, including the West Zone and Dave’s Zone. The West Zone returned average grab values of 2.82% Cu and 71.44 g/t Ag, while Dave’s Zone produced a grab sample grading 0.17% Cu and 229 g/t Ag, highlighting the potential for multiple stacked lenses or structurally controlled zones across the broader Property area3.
Star Copper plans to compile legacy data, create a 3D geological model, and execute a staged exploration program that includes surface mapping, geophysics (IP and magnetics), and diamond drilling focused on both Main Zone extensions and new target areas.
National Instrument 43-101 Disclosure
Nicholas Rodway, P.Geo., (EGBC Licence# 46541) (Permit to Practice# 100359), is an independent contractor to the Company and a Qualified Person as defined by NI 43-101. Mr. Rodway has reviewed and approved the technical content in this release.
Acquisition Terms
The Company entered into the Agreement with Zimtu Capital Corp. (TSXV: ZC) (the “Vendor”) on July 14, 2025; Zimtu is not a “Related Person” of the Company, as that term is defined in the policies of the Canadian Securities Exchange (“CSE”). Pursuant to the Agreement, the Company has agreed to acquire Copperline from the Vendor in consideration for:
cash payments in the aggregate amount of $350,000, consisting of (i) a payment of $100,000 on the date the Acquisition is completed (the “Closing Date”), and (ii) a payment of $250,000 on the first business day that is six (6) months after the Closing Date (the “Completion Date”);
the issuance of 500,000 Common Shares (the “Consideration Shares”), with (i) 200,000 Consideration Shares to be issued on the Closing Date, and (ii) 300,000 Consideration Shares to be issued on the Completion Date; and
the grant by the Company to the Vendor of a 2% net smelter returns royalty, payable on all production from the Copperline Property, of which 1% will be eligible for repurchase by the Company at any time within five (5) years of the Closing Date for a one-time payment of $1,000,000 (the “Net Smelter Royalty”).
In addition to the foregoing, if the Company publishes a mineral resource estimate prepared in accordance with Form 43-101F1 of NI 43-101 in respect of the Copperline Property (the “Resource Estimate”) disclosing any combination of measured, indicated or inferred mineral resources in excess of either (i) 500,000,000 pounds of copper, or (ii) 15,000,000 ounces of silver, then the Company will pay the Vendor an additional amount of $1,500,000 (the “Bonus”), consisting of:
a cash payment in the amount of $750,000; and
the issuance of that number of Common Shares having an aggregate value equal to $750,000 (the “Bonus Shares”), at a deemed issue price per Bonus Share equal to the ten (10) day volume weighted average of the Common Shares on the CSE, or such other stock exchange on which the Common Shares may be listed from time to time immediately prior to the publication of the Resource Estimate.
The Consideration Shares and the Bonus Share (if any), when issued, will be subject to a statutory hold period of four months and one day from the date of issuance of such Common Shares.
Closing of the Acquisition is subject to certain conditions and approvals, including (i) the execution of a royalty agreement for the Net Smelter Royalty in accordance with the terms set forth in the Agreement, (ii) the receipt of all required consents and regulatory approvals, including without limitation the acceptance of the TSX Venture Exchange (“TSXV”) and the consent of the CSE, and (iii) such other customary conditions for a transaction such as the Acquisition. The Acquisition is not conditional in any way upon the completion, partial or otherwise, of the LIFE Offering (as defined below).
LIFE Flow Through Offering
The Company is pleased to announce that it intends to complete a non-brokered private placement for gross proceeds of up to C$2,500,000.50 from the sale of up to 1,666,667 “flow-through” units of the Company (each, a “FT Unit”, and collectively, the “FT Units”) at a price of C$1.50 per FT Unit (the “LIFE Offering”) under the Listed Issuer Financing Exemption (as defined below).
Each FT Unit will consist of one “flow-through” Common Share (each, a “FT Share” and collectively, “FT Shares”) and one “flow-through” Common Share purchase warrant (each a “FT Warrant” and collectively, “FT Warrants”), issued as “flow-through shares”, as defined in subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”). Each FT Warrant will be exercisable to acquire one Common Share (each a “Warrant Share”, and collectively, “Warrant Shares”) at a price of $1.60 per Warrant Share for a period of 24 months from the LIFE Closing Date (as defined below). The Warrant Shares underlying the FT Units will not qualify as “flow-through shares” under the Tax Act. The FT Warrants to be issued pursuant to the LIFE Offering will not be listed for trading on any stock exchange. The LIFE Offering is expected to close on or about July 23, 2025 (the “LIFE Closing Date”), or such other date as determined by the Company, such date being no later than 45 days from the date the Company issues a press release announcing the LIFE Offering.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the LIFE Offering is being made to purchasers resident in all provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”). The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.
The gross proceeds of the LIFE Offering will be used to incur “Canadian exploration expenses” that are “flow-through critical mineral mining expenditures”, within the meaning of the Tax Act, on the Company’s flagship Star Project.
There is an offering document (the “Offering Document”) related to the LIFE Offering that can be accessed under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at: www.starcopper.com. Prospective investors should read this Offering Document before making an investment decision.
The Company may pay finder’s fees in connection with the LIFE Offering in accordance with applicable securities laws and the policies of the CSE. Completion of the LIFE Offering is subject to customary conditions and the receipt of all necessary approvals.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any 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.
References
1Borovic, I. (1990). Geophysical Survey of the Driftwood Property. ARIS Report 19978.
2Craigmont Mines Ltd. (1974). Diamond Drilling Report – Driftwood River Area. ARIS Report 4967.
3Houle, J. (2003). Kit Resources Ltd. Drilling & Geochemical Report on the Copperline Property. ARIS Report 27276.
4Rodway, N. (2023). Copperline Property Technical Assessment Report. Prepared for Zimtu Capital Corp.
5Weicker, R. (2001). Geological and Prospecting Report on the Copperline Property. ARIS Report 26667.
6British Columbia Minfile Detail Report (2024) (Minfile umber 093M 117) or NMIN 09M15Cu1.
On Behalf of the Board of Directors
~Darryl Jones~
Darryl Jones
CEO, President & Director
Star Copper Corp.
About Star Copper Corp. (CSE:STCU)(OTCQX:STCUF)(FWB:SOP / WKN A416ME)
Star Copper Corp. is an exploration and development company focused on developing high-potential copper projects in mining-friendly jurisdictions. The Company aims to advance its British Columbian Star Project where significant exploration work including historical drilling has confirmed open mineralization at depth and in all directions. Star Copper’s strategic plans include geological mapping and geophysical surveys to refine existing targets, diamond drilling programs to test high-priority zones, environmental baseline studies and permitting groundwork alongside data analysis and resource modeling to support a future resource estimate prepared in accordance with NI 43-101. The Company further plans to advance its Indata Project with follow-up drilling to expand on previous high-grade copper and gold intercepts, trenching and surface sampling to delineate mineralized zones, and infrastructure improvements for site accessibility and operations. With a commitment to sustainable development and value creation, Star Copper aims to position itself to support surging industrial demand to meet growing global electrification needs.
For more information visit: www.starcopper.com and to sign up for free news alerts please go to https://starcopper.com/news/news-alerts/, or follow us on X (formerly Twitter),Facebook or LinkedIn. More information in respect of the project, including historical drilling, is available under the Company’s profile at www.sedarplus.ca and/or in the Company’s February 26, 2025 technical report.
Investor Relations Star Copper Corp.
Email: info@starcopper.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements regarding the the Company’s exploration and development plans with respect its projects, statements regarding the LIFE Offering including, without limitation, statements regarding the completion or the expected LIFE Closing Date, the payment of finder’s fees, the receipt of regulatory approvals, and the use of gross proceeds, and statements regarding the Acquisition, including the completion or the anticipated benefits thereof, the receipt of acceptance and consent from the TSXV and the CSE, the prospects of the mineral claims forming the Copperline Property, which is not at an advanced stage of development, the Company’s anticipated business and operational activities, and the Company’s plans with respect to the exploration of the Company’s flagship Star Project, the Indata Project or the Copperline Property. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, the inherently unpredictable nature of resource exploration, market conditions and the risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect, and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward- looking statements as expressly required by applicable law.
SOURCE: Star Copper Corp.
View the original
on ACCESS Newswire
The Cogeco logo is seen in Montreal on October 22, 2020. THE CANADIAN PRESS/Paul ChiassonPaul Chiasson/The Canadian Press
Cogeco Inc. CCA-T has launched its mobile wireless service in Canada, with the first group of customers already on the service – but only those who buy its internet package will get access, the company said.
The Montreal-based telecom and media company says it plans to cover 12 Canadian markets in parts of Ontario and Quebec over the coming weeks.
These are Alma, Magog, Rimouski, Saint-Georges, Saint-Hyacinthe, Saint-Sauveur and Trois-Rivières in Québec, and Brockville, Chatham, Cobourg, Cornwall and Welland in Ontario.
It will then expand to a full commercial launch in the fall. The company did not say where it then plans to offer service.
“We’ll target low to mid-data users and will provide a time-limited launch bonus for the first wave of customers joining us,” Cogeco president and chief executive officer Frédéric Perron said to analysts on Tuesday morning.
Cogeco chief financial officer Patrice Ouimet told analysts the company was keeping an eye on the broader Canadian wireless market but ultimately is not aiming to compete on that scale.
“It’s not a strategy to go national or anything like that. We’re a rational player,” Mr. Ouimet said.
The additional service will allow existing subscribers to bundle internet and mobile products, a strategy which Cogeco hopes will make them more likely to remain customers, reducing churn.
The company launched a similar service in the U.S. last year, where it operates an internet brand called Breezeline. That service, also only for internet subscribers, requires customers to bring their own device, and starts at US$12.50 for 1 gigabyte of data.
“Wireless will become a powerful tool to retain and grow our North American wireline customer base over time,” Mr. Perron said in a release Monday.
The news came as the company reported revenue of $758.5-million in its quarter ended May 31, down from $777.2-million in the same quarter last year.
Shares of Cogeco closed down 8.49 per cent Tuesday on the Toronto Stock Exchange.
Over the last 12 months, Cogeco lost 7 per cent of its revenue generating units – mainly internet customers – in the U.S., pressured by encroachments from a cheaper type of internet offering called fixed wireless access and increased competition from telecom companies’ fiber builds into its territory, said Scotiabank analyst Maher Yaghi in a note to investors.
As a result, management updated its guidance to reflect that lower revenue, Mr. Yaghi added.
In a release, Mr. Perron said the higher-than-usual customer losses in the U.S. were partially caused by “temporary factors” and that the company expects trends to improve in future quarters.
Cogeco says its profit amounted to $2.13 per diluted share for the quarter, up from $1.97 per diluted share in the same quarter last year.
With a report from the Canadian Press
This edition of Market Factors begins with two ways that markets are looking 2000-like and goes on to explain why I don’t think U.S. copper tariffs are going to happen. The diversion covers a really interesting experiment turning carbon dioxide into methanol and as always we look ahead to the important data releases for the coming week.
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell on June 2, 2025, in New York City.ANGELA WEISS/AFP/Getty Images
I am growing concerned. There are two unsettling signs of excess in global markets reminiscent of the year 2000 that will be painful to correct, not just in the S&P 500 but also the domestic equity market.
The first cause for concern is valuations, as outlined by Torsten Slok, partner and chief economist at Apollo Global Management. In a Wednesday report, Mr. Slok emphasized that forward price-to-earnings ratios for the largest decile of S&P 500 stocks are now significantly more expensive than the heights reached in early 2000.
The average forward PE of the smallest nine deciles (in terms of market cap) in the U.S. market is also higher than the 2000s peak, as is the average PE for the S&P 500 as a whole.
Strategists like Savita Subramanian at BofA Securities have argued compellingly that modern markets deserve a higher multiple. The tech-heavy current market is far more profitable than companies of the distant past that had to build new factories to expand production.
Still, Ms. Subramanian concedes that valuations are the single most important indicator of market returns for the next decade and her expectations for S&P 500 performance in the upcoming ten years are low – basically flat plus the dividend yield.
The second sign of excess was highlighted by Scotiabank strategist Simon Fitzgerald-Carrier, who warned clients about market concentration in U.S. markets.
Mr. Fitzgerald-Carrier estimates that the largest decile of U.S. stocks account for 76.2 per cent of the S&P 500, a new record. The Magnificent Seven still account for a third of the S&P 500 despite Tesla’s 22 per cent decline and Apple’s 17 per cent drop year to date.
A U.S. technology sector swoon will take Canadian tech stocks with it. The TSX doesn’t have anything like the tech concentration U.S. markets enjoy (or endure, depending on timing), but Shopify Inc. remains the second largest company in the domestic benchmark behind Royal Bank.
Shopify, Constellation Software Inc., CGI Inc. and Celestica Inc. add up to a not-insignificant 8.3 per cent of the S&P/TSX Composite. In the event of a drastic correction in global technology stocks, the TSX will have a hard time overcoming the drag presented by these companies.
The aggravating fact remains that no one has been able to consistently call market tops so I’m not about to try now. At the same time, I will be very careful to avoid excess risk in my portfolio by keeping the beta – sensitivity to market movements – below 1.0 by emphasizing non-technology stocks.
Chilean miner Juan Bugueno places explosives inside the Kiara copper mine, 136 km south of Antofagasta, Chile, after work, on June 22, 2021.GLENN ARCOS/AFP/Getty Images
I’m not going to TACO (Trump Always Chickens Out) trade copper myself but I think it’s a viable strategy. A big U.S. copper tariff would be very bad for exactly the type of business the White House wants to encourage, which implies it won’t be universally imposed.
The United States imported 53 per cent of its copper consumption in 2024 so its far from self-sufficient. Morgan Stanley analysts believe the blanket 50 per cent tariff announced by president Trump would result in a US$2.25 per pound increase in the commodity price.
Copper’s already trading at decade-high prices and another US$2.50 per pound would not be absorbed easily. There would be demand destruction at the higher prices – aluminum wire sales would definitely go up – but there would still be significant financial pain.
The electrical power demand from AI-related data centers alone makes the copper tariff a bad, inflationary idea. One of Mr. Trump’s (insane, in my opinion) goals is to remake the country into a manufacturing powerhouse. This would require a lot of materials, including copper. A soaring commodity price makes building manufacturing capacity less profitable and thus less likely.
There is a chance that the White House exempts Chile, a country capable of replacing exports from all other countries, from the tariff.
I am not announcing that the climate crisis is over but new research from South Korea sounds like the type of progress that will directly improve the situation. Professor Jungki Ryu from the Ulsan National Institute of Science and Technology and Professor Jongsoon Kim at Sungkyunkwan University have developed a copper-based catalyst that can convert carbon dioxide into methanol.
The description of the process on the phys.org site does not include energy requirements (they could be high enough that it doesn’t make any environmental sense) or scaleability so the potential as a climate panacea are unclear.
Methanol is useful – it’s the basis for necessary chemicals like formaldehyde, an alternative fuel for internal combustion engine and a store of energy. If it’s possible to take an environmental toxin and turn it into an economically viable substance on a big scale that would be a big, big deal.
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After Tuesday’s inflation data, markets and economists agree that you can pretty much forget about a Bank of Canada rate cut this month. And prospects are dimming for the rest of this year, as well.
These 10 TSX stocks bought back the most shares last month – and for INK Research’s Ted Dixon, four look like good buys. For more stock-picking inspiration, check out this Number Cruncher on nine high-flying Canadian stocks with strong momentum
The most popular story on Globe Investor this week looks at how a retired bank manager used a ‘blazingly simple’ – and conservative – dividend strategy to generate strong TFSA returns
The surprising investment that has outperformed stocks and Canadian real estate so far this century. Hint: it’s a commodity
The Globe’s Tony Keller says the market is in denial over Trump’s tariffs
International Securities Transactions for June on Thursday and industrial product prices on the 21st are the only two notable domestic economic releases in the coming week.
The domestic earnings calendar is starting to heat up. Canadian National Railway Co. reports next Tuesday (C$1.882 per share expected). Next Wednesday will see Rogers Communications Inc. (C$1.085), First Quantum Minerals Inc. (loss of US$0.02) and Waste Connections Inc. (US$1.246).
Advanced retail sales for June is the only U.S. economic release of wide interest in the next week but the earnings schedule is busy. PepsiCo Inc. ($2.03 per share expected) reports on Thursday along with General Electric Co. ($1.435). Domino’s Pizza Inc. ($3.94) releases results on Monday followed by Northrup Grumman Corp ($6.816), Coca-Cola Co. ($0.833), RTX Corp. ($1.453) and Intuitive Surgical Inc. ($1.93) on Tuesday. Next Wednesday we’ll get Moody’s Corp. ($3.336), Tesla Inc. ($0.435) and Alphabet Inc. ($2.166).
See our full earnings and economic calendar here
| DDH | Zone | From (m) | To (m) | Core Length (m) | Au g/t – Uncut | Host Lithology | |
| OB-25-337W4 | O’Brien Mine | 1,474.2 | 1,475.5 | 1.3 | 3.44 | POR-S | |
| 1,484.7 | 1,491.3 | 6.7 | 3.34 | V3-CEN | |||
| Including | 1,484.7 | 1,486.0 | 1.4 | 5.04 | V3-CEN | ||
| 1,489.8 | 1,491.3 | 1.5 | 6.70 | V3-CEN | |||
| 1,524.2 | 1,525.4 | 1.2 | 3.01 | S1p | |||
| 1,533.2 | 1,534.4 | 1.2 | 4.62 | S1p | |||
| OB-25-337W5 | O’Brien Mine | 1,389.7 | 1,390.7 | 1.0 | 3.30 | V3-S | |
| 1,427.5 | 1,428.5 | 1.0 | 47.70 | V3-CEN | |||
| 1,436.0 | 1,437.0 | 1.0 | 3.01 | V3-CEN | |||
| 1,440.0 | 1,441.0 | 1.0 | 5.32 | V3-CEN | |||
| 1,524.0 | 1,528.0 | 4.0 | 5.25 | S3p | |||
| Including | 1,525.0 | 1,526.0 | 1.0 | 17.90 | S3p | ||
| OB-25-337W6 | O’Brien Mine | 1,488.5 | 1,492.0 | 3.5 | 6.45 | POR-S | |
| Including | 1,489.6 | 1,490.6 | 1.0 | 18.80 | POR-S | ||
| 1,570.0 | 1,582.0 | 12.0 | 3.57 | S1p | |||
| Including | 1,570.0 | 1,571.0 | 1.0 | 6.51 | S1p | ||
| 1,635.5 | 1,639.0 | 3.5 | 4.30 | V3-N | |||
| Including | 1,637.0 | 1,638.0 | 1.0 | 6.96 | V3-N | ||
| 1,644.6 | 1,649.0 | 4.4 | 3.70 | V3-N | |||
| Including | 1,646.0 | 1,647.5 | 1.5 | 7.11 | V3-N | ||
| OB-25-337W7 | O’Brien Mine | 1,430.6 | 1,438.7 | 8.1 | 16.43 | POR-S/V3-CEN | |
| Including | 1,433.3 | 1,434.3 | 2.1 | 60.75 | POR-S | ||
| 1,475.2 | 1,478.9 | 3.7 | 89.36 | S1p | |||
| Including | 1,476.3 | 1,477.4 | 1.1 | 293.00 | S1p | ||
| 1,502.7 | 1,504.0 | 1.3 | 3.18 | V3-N | |||
| 1,547.7 | 1,549.0 | 1.3 | 9.69 | S3p | |||
| OB-24-356 | Trend #0 | 167.5 | 173.5 | 6.0 | 3.08 | S1P | |
| Including | 172.0 | 173.5 | 1.5 | 8.20 | S1P | ||
| OB-24-357 | Trend #0 | 456.3 | 457.4 | 1.1 | 6.03 | S1P | |
| 517.5 | 518.5 | 1.0 | 6.16 | S3P | |||
| OB-24-360 | Trend #0 | 499.0 | 500.0 | 1.0 | 8.51 | V3-CEN | |
| OB-25-367 | Trend #0 | 108.6 | 110.5 | 1.9 | 4.65 | V3-S | |
| OB-25-370 | Trend #0 | 169.0 | 175.5 | 6.5 | 4.32 | V3-CEN | |
| Including | 169.0 | 171.1 | 2.1 | 10.49 | V3-CEN | ||
| 215.0 | 216.0 | 1.0 | 3.17 | S1p/TX | |||
| OB-25-372 | Trend #0 | 170.0 | 172.5 | 2.5 | 7.05 | V3-CEN | |
| Including | 170.0 | 171.0 | 1.0 | 15.95 | V3-CEN | ||
| OB-25-374 | Trend #0 | 262.0 | 263.0 | 1.0 | 4.41 | TX |
Notes on Calculation of Drill Intercepts:
The O’Brien Gold Project Mineral Resource Estimate Published on July 9, 2025 (“MRE”) utilizes a 2.20 g/t Au bottom cut-off, a US$2,000 gold price, a minimum mining width of 1.2 metres, and a 40 g/t Au upper cap on composites. Intercepts presented in Table 1 are calculated with a 3.00 g/t Au bottom cut-off. Sample grades are uncapped. True widths, based on depth of intercept and drill hole inclination, are estimated to be 30-80% of core length. Table 2 presents additional drill intercepts calculated with a 1.00 g/t bottom cut-off over a minimum 1.0 metre core length so as to illustrate the frequency and continuity of mineralized intervals within which high-grade gold veins at O’Brien are developed. Lithology Codes: PON-S3: Pontiac Sediments; V3-S, V3-N, V3-CEN: Basalt-South, North, Central; S1P, S3P: Conglomerate; POR-S, POR-N: Porphyry South, North; TX: Crystal Tuff; ZFLLC: Larder-Lake-Cadillac Fault Zone.
Gold Mineralization at O’Brien
Gold mineralizing quartz-sulphide veins at O’Brien occur within a thin band of interlayered mafic volcanic rocks, conglomerates, and porphyritic andesitic sills of the Piché Group occurring in contact with the east-west oriented Larder Lake-Cadillac Break (“LLCB”). Gold, along with pyrite and arsenopyrite, is typically associated with shearing and a pervasive biotite alteration, and developed within multiple Piché Group lithologies and, occasionally, the hanging-wall Pontiac and footwall Cadillac meta-sedimentary rocks.
As mapped at the historic O’Brien mine, and now replicated in the modern drilling, individual veins are generally narrow, ranging from several centimetres up to several metres in thickness. Multiple veins occur sub-parallel to each other, as well as sub-parallel to the Piché lithologies and the LLCB. Individual veins have well-established lateral continuity, with near-vertical, high-grade shoots developed over significant lengths. Based on the historic data available, it is clear that the former mine was “high-graded”, with mining focussed on a main central stope and parallel veins identified but left undeveloped.
The historic O’Brien mine produced over half a million ounces of gold from such veins and shoots at an average grade exceeding 15 g/t Au and over a vertical extent of at least 1,000 metres. Modern exploration has focussed on delineating well developed vein mineralization to the east of the historic mine, with additional high-grade shoots becoming evident in the exploration data over what has been described as a series of repeating trends (“Trend #s 0 to 5”).
Since the end of 2024, Radisson has been delineating a series of high-grade veins beneath the historic workings of the O’Brien mine with a series of wedge-extensions drilled from the pilot hole OB-24-337, which intersected 242.0 g/t Au over 1.0 metre within a mineralized interval that averaged 31.24 g/t Au over 8.0 metres at approximately 1,500 metres vertical depth. With today’s news release, assay results from a total of 7 wedges have now been reported and up to six gold-bearing veins have been delineated over an area of approximately 250 metres (east-west) by 250 metres (vertical). These veins appear to correspond to veins mapped at the base of the historic mine at 1,000 metres deep, approximately 300 to 500 metres above the new intercepts.
Radisson’s vein modelling is undertaken dynamically as drilling proceeds and is used to guide future exploration and, ultimately, domaining for future resource estimation. Beneath the historic mine, vein V3-S_20 intersects OB-24-337W2, W3 and W7 and is further supported by underground mapping in an exploration drift located to the south of the main mined out vein at level 3450 (feet). Vein V3-C_03 is intersected by the pilot hole and all seven wedges and is further supported by underground mapping and the historic stope locations. Vein V3-N_02 is intersected by the pilot hole and all seven wedges and is further supported by historic underground drilling from the 3450 level. V3-N_03 is intersected by all seven wedges. With the new drill holes published today, two new veins have been added to this developing model: POR_S-14 intersected by the pilot hole plus three wedges, and CONG_15 which is intersected by wedges W2, W4, W6 and W7.
Based on drilling complete to the end of 2022, and a recently published Preliminary Economic Assessment for the Project (see Radisson news Release dated July 9, 2025 ) the Project has estimated Indicated Mineral Resources of 0.58 million ounces (2.20 million tonnes at 8.2 g/t Au), with additional Inferred Mineral Resources of 0.93 million ounces (6.67 million tonnes at 4.4 g/t Au). Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
QA/QC
All drill cores in this campaign are NQ in size. Assays were completed on sawn half-cores, with the second half kept for future reference. The samples were analyzed using standard fire assay procedures with Atomic Absorption (AA) finish at ALS Laboratory Ltd, in Val-d’Or, Quebec. Samples yielding a grade higher than 10 g/t Au were analyzed a second time by fire assay with gravimetric finish at the same laboratory. Mineralized zones containing visible gold were analyzed with metallic sieve procedure. Standard reference materials, blank samples and duplicates were inserted prior to shipment for quality assurance and quality control (QA/QC) program.
Qualified Persons
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. Luke Evans, M.Sc., P.Eng., ing, of SLR Consulting (Canada) Ltd., is the Qualified Person responsible for the preparation of the MRE at O’Brien. Each of Mr. Nieminen and Mr. Evans 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. A July 2025 Preliminary Economic Assessment described a low cost and high value project with an 11-year mine life and significant upside potential based on the use of existing regional infrastructure. Indicated Mineral Resources are estimated at 0.58 million ounces (2.20 million tonnes at 8.2 g/t Au), with additional Inferred Mineral Resources estimated at 0.93 million ounces (6.67 million tonnes at 4.4 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.
Figure 2 : Cross Section through the O’Brien mine including drill holes OB-24-337, and W1-W7
To view an enhanced version of this graphic, please visit:
Figure 3 : Vein Modelling Across Drill Holes OB-25-337, and W1-W7
To view an enhanced version of this graphic, please visit:
Table 2 : Detailed Assay Results (see “Notes on Calculation of Drill Intercepts”)
| DDH | Zone | From (m) | To (m) | Core Length (m) | Au g/t – Uncut | Host Lithology | |
| OB-25-337W4 | O’Brien Mine | 1,462.7 | 1,464.2 | 1.5 | 1.30 | POR-S | |
| 1,468.8 | 1,475.5 | 6.7 | 1.77 | POR-S | |||
| Including | 1,474.2 | 1,475.5 | 1.3 | 3.44 | POR-S | ||
| 1,482.0 | 1,483.3 | 1.3 | 1.66 | V3-CEN | |||
| 1,484.7 | 1,491.3 | 6.7 | 3.34 | V3-CEN | |||
| Including | 1,484.7 | 1,486.0 | 1.4 | 5.04 | V3-CEN | ||
| Including | 1,489.8 | 1,491.3 | 1.5 | 6.70 | V3-CEN | ||
| 1,524.2 | 1,534.4 | 10.2 | 2.27 | S1p | |||
| Including | 1,524.2 | 1,525.4 | 1.2 | 3.01 | S1p | ||
| Including | 1,533.2 | 1,534.4 | 1.2 | 4.62 | S1p | ||
| 1,549.1 | 1,550.1 | 1.0 | 1.82 | POR-N | |||
| 1,578.0 | 1,579.0 | 1.0 | 2.56 | V3-N | |||
| 1,585.0 | 1,586.5 | 1.5 | 1.48 | V3-N | |||
| 1,609.5 | 1,612.3 | 2.8 | 1.24 | S3p | |||
| OB-25-337W5 | O’Brien Mine | 1,368.0 | 1,369.5 | 1.5 | 1.59 | V3-S | |
| 1,371.0 | 1,373.0 | 2.0 | 1.05 | V3-S | |||
| 1,389.7 | 1,391.7 | 2.0 | 2.98 | V3-S | |||
| Including | 1,389.7 | 1,390.7 | 1.0 | 3.30 | V3-S | ||
| 1,401.5 | 1,403.0 | 1.5 | 1.56 | POR-S | |||
| 1,412.0 | 1,413.5 | 1.5 | 2.05 | POR-S | |||
| 1,422.0 | 1,423.0 | 1.0 | 2.02 | V3-CEN | |||
| 1,427.5 | 1,428.5 | 1.0 | 47.70 | V3-CEN | |||
| 1,436.0 | 1,437.0 | 1.0 | 3.01 | V3-CEN | |||
| 1,440.0 | 1,441.0 | 1.0 | 5.32 | V3-CEN | |||
| 1,456.0 | 1,458.0 | 2.0 | 1.22 | S1p | |||
| 1,461.5 | 1,462.5 | 1.0 | 2.18 | S1p | |||
| 1,490.2 | 1,492.3 | 2.1 | 1.99 | V3-N | |||
| 1,509.5 | 1,510.5 | 1.0 | 1.78 | V3-N | |||
| 1,524.0 | 1,528.0 | 4.0 | 5.25 | S3p | |||
| Including | 1,525.0 | 1,526.0 | 1.0 | 17.90 | S3p | ||
| OB-25-337W6 | O’Brien Mine | 1,090.0 | 1,091.0 | 1.0 | 1.12 | PON-S3 | |
| 1,246.5 | 1,248.0 | 1.5 | 1.36 | PON-S3 | |||
| 1,479.0 | 1,480.5 | 1.5 | 1.42 | POR-S | |||
| 1,485.0 | 1,486.5 | 1.5 | 1.76 | POR-S | |||
| 1,488.5 | 1,492.0 | 3.5 | 6.45 | POR-S | |||
| Including | 1,489.6 | 1,490.6 | 1.0 | 18.80 | POR-S | ||
| 1,508.0 | 1,509.5 | 1.5 | 1.22 | POR-S | |||
| 1,516.5 | 1,518.0 | 1.5 | 1.81 | POR-S | |||
| 1,570.0 | 1,582.0 | 12.0 | 3.57 | S1p | |||
| Including | 1,570.0 | 1,571.0 | 1.0 | 6.51 | S1p | ||
| 1,585.0 | 1,588.0 | 3.0 | 1.95 | S1p | |||
| 1,620.0 | 1,622.8 | 2.8 | 1.88 | V3-N | |||
| 1,635.5 | 1,639.0 | 3.5 | 4.30 | V3-N | |||
| Including | 1,637.0 | 1,638.0 | 1.0 | 6.96 | V3-N | ||
| 1,642.0 | 1,643.5 | 1.5 | 1.69 | V3-N | |||
| 1,644.6 | 1,649.0 | 4.4 | 3.70 | V3-N | |||
| Including | 1,646.0 | 1,647.5 | 1.5 | 7.11 | V3-N | ||
| 1,650.5 | 1,654.0 | 3.5 | 1.30 | V3-N | |||
| OB-25-337W7 | O’Brien Mine | 1,430.6 | 1,438.7 | 8.1 | 16.43 | POR-S/V3-CEN | |
| Including | 1,433.3 | 1,434.3 | 2.1 | 60.75 | POR-S | ||
| 1,475.2 | 1,478.9 | 3.7 | 89.36 | S1p | |||
| Including | 1,476.3 | 1,477.4 | 1.1 | 293.00 | S1p | ||
| 1,502.7 | 1,504.0 | 1.3 | 3.18 | V3-N | |||
| 1,517.6 | 1,519.0 | 1.4 | 1.65 | V3-N | |||
| 1,547.7 | 1,549.0 | 1.3 | 9.69 | S3p | |||
| OB-24-356 | Trend #0 | 150.0 | 151.5 | 1.5 | 1.17 | POR-S | |
| 167.5 | 173.5 | 6.0 | 3.08 | S1P | |||
| Including | 172.0 | 173.5 | 1.5 | 8.20 | S1P | ||
| 176.3 | 177.7 | 1.4 | 1.03 | S1P | |||
| 235.0 | 238.0 | 3.0 | 1.90 | V3-N | |||
| 244.0 | 245.5 | 1.5 | 2.47 | V3-N | |||
| OB-24-357 | Trend #0 | 456.3 | 457.4 | 1.1 | 6.03 | S1P | |
| 467.0 | 468.0 | 1.0 | 1.44 | S1P | |||
| 477.0 | 478.0 | 1.0 | 1.08 | S1P | |||
| 479.5 | 480.8 | 1.3 | 1.29 | S1P | |||
| 517.5 | 518.5 | 1.0 | 6.16 | S3P | |||
| OB-24-360 | Trend #0 | 499.0 | 500.0 | 1.0 | 8.51 | V3-CEN | |
| 507.5 | 508.5 | 1.0 | 1.52 | S1P | |||
| 522.0 | 524.0 | 2.0 | 2.23 | S1P | |||
| OB-25-367 | Trend #0 | 83.4 | 84.9 | 1.5 | 1.34 | V3-S | |
| 108.6 | 110.5 | 1.9 | 4.65 | V3-S | |||
| 174.5 | 176.0 | 1.5 | 1.05 | TX | |||
| 187.5 | 190.2 | 2.7 | 1.29 | V3-N | |||
| OB-25-368 | Trend #0 | 81.0 | 82.2 | 1.2 | 2.00 | PON-S3 | |
| 117.9 | 125.8 | 7.9 | 1.16 | POR-S/V3-CEN | |||
| 182.0 | 183.0 | 1.0 | 1.03 | V3-N | |||
| OB-25-369 | Trend #0 | 158.6 | 160.1 | 1.5 | 1.54 | S1p | |
| 162.8 | 163.8 | 1.0 | 1.35 | TX | |||
| OB-25-370 | Trend #0 | 111.5 | 113.0 | 1.5 | 1.47 | PON-S3 | |
| 163.2 | 164.2 | 1.0 | 2.26 | V3-CEN | |||
| 169.0 | 175.5 | 6.5 | 4.32 | V3-CEN | |||
| Including | 169.0 | 171.1 | 2.1 | 10.49 | V3-CEN | ||
| 215.0 | 219.0 | 4.0 | 2.14 | S1p/TX | |||
| Including | 215.0 | 216.0 | 1.0 | 3.17 | S1p/TX | ||
| 234.0 | 235.0 | 1.0 | 1.43 | TX | |||
| OB-25-372 | Trend #0 | 170.0 | 172.5 | 2.5 | 7.05 | V3-CEN | |
| Including | 170.0 | 171.0 | 1.0 | 15.95 | V3-CEN | ||
| 201.0 | 202.3 | 1.3 | 1.84 | S1p | |||
| 251.0 | 253.0 | 2.0 | 1.41 | V3-N | |||
| OB-25-373 | Trend #0 | 182.0 | 185.5 | 3.5 | 2.19 | V3-CEN | |
| 205.0 | 206.1 | 1.1 | 1.17 | S1p | |||
| 213.5 | 215.0 | 1.5 | 1.25 | S1p | |||
| 218.0 | 219.0 | 1.0 | 1.24 | S1p | |||
| OB-25-374 | Trend #0 | 77.0 | 78.3 | 1.3 | 1.10 | PON-S3 | |
| 140.7 | 142.2 | 1.5 | 1.56 | PON-S3 | |||
| 251.0 | 252.0 | 1.0 | 1.40 | S1p | |||
| 262.0 | 263.0 | 1.0 | 4.41 | TX | |||
| 279.7 | 282.5 | 2.8 | 1.83 | TX/V3-N | |||
| 290.5 | 292.0 | 1.5 | 1.32 | V3-N | |||
| 303.0 | 304.5 | 1.5 | 1.14 | S3p |
Table 3 : Drill Hole Collar Information for Holes contained in this News Release
| DDH | Zone | Easting | Northing | Azimuth | Dip | Hole Length (m) |
| OB-24-337 Pilot | O’Brien Mine | 693700 | 5345070 | 346 | -80 | 1695 |
| OB-25-337W4 | O’Brien Mine | 710 | ||||
| OB-25-337W5 | O’Brien Mine | 557 | ||||
| OB-25-337W6 | O’Brien Mine | 609 | ||||
| OB-25-337W7 | O’Brien Mine | 596 | ||||
| OB-24-356 | Trend #0 | 693699.54 | 5345491.88 | 349.0 | -55 | 267 |
| OB-24-357 | Trend #0 | 693776.74 | 5345306.66 | 359.0 | -60 | 528 |
| OB-24-360 | Trend #0 | 693776.74 | 5345306.66 | 354.5 | -65.5 | 570 |
| OB-25-367 | Trend #0 | 693669.00 | 5345507.06 | 332.0 | -45 | 237 |
| OB-25-368 | Trend #0 | 693669.00 | 5345507.06 | 347.0 | -45 | 225 |
| OB-25-369 | Trend #0 | 693669.00 | 5345507.06 | 2.0 | -45 | 219 |
| OB-25-370 | Trend #0 | 693670.72 | 5345487.06 | 358.0 | -60 | 285 |
| OB-25-372 | Trend #0 | 693670.72 | 5345487.06 | 346.0 | -61 | 295 |
| OB-25-373 | Trend #0 | 693670.72 | 5345487.06 | 334.0 | -60.5 | 312 |
| OB-25-374 | Trend #0 | 693669.48 | 5345476.95 | 0.0 | -68 | 318 |
Notes:
Hole DDH-24-337 Pilot was previously published on December 16, 2024. Hole lengths for wedges represent meterage from point of wedge.
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 ability to execute the Company’s plans relating to the O’Brien Gold Project as set out in the Preliminary Economic Assessment; the Company’s ability to complete its planned exploration and development programs; the absence of adverse conditions at the O’Brien Gold Project; the absence of unforeseen operational delays; the absence of material delays in obtaining necessary permits; the price of gold remaining at levels that render the O’Brien Gold Project profitable; the Company’s ability to continue raising necessary capital to finance its operations; the ability to realize on the mineral resource and mineral reserve estimates; assumptions regarding present and future business strategies, local and global geopolitical and economic conditions and the environment in which the Company operates and will operate in the future;, planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, and the ability to incorporate new drilling in an updated technical report and resource modelling; the Company’s ability to grow the O’Brien Gold Project; the ability to negotiate and execute an arrangement with IAMGOLD related to the Doyon Mill on satisfactory terms or at all; 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; the risk that the O’Brien Gold Project will never reach the production stage (including due to a lack of financing); the Company’s capital requirements and access to funding; changes in legislation, regulations and accounting standards to which the Company is subject, including environmental, health and safety standards, and the impact of such legislation, regulations and standards on the Company’s activities; price volatility and availability of commodities; instability in the global financial system; the effects of high inflation, such as higher commodity prices; the risk of any future litigation against the Company; changes in project parameters and/or economic assessments as plans continue to be refined; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks relating to the drill results at O’Brien; the significance of drill results; and the ability of drill results to accurately predict mineralization. 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.
Please refer to the “Risks and Uncertainties Related to Exploration” and the “Risks Related to Financing and Development” sections of the Company’s Management’s Discussion and Analysis dated April 29, 2025 for the years ended December 31, 2024, and the Company’s Management’s Discussion and Analysis dated May 28, 2025 for the three-months ended March 31, 2025, all of which are available electronically on SEDAR+ at . All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
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
MENAFN16072025004218003983ID1109807917
TORONTO, ONTARIO / ACCESS Newswire / July 16, 2025 / Aclara Resources Inc. (“Aclara” or “Company”) (TSX:ARA) is pleased to announce a strategic collaboration with Stanford University to accelerate the development of artificial intelligence (AI) innovations aimed at securing a resilient and sustainable supply chain for heavy rare earth elements (HREE). The partnership has been initiated through a long-term Letter of Intent (LOI) between Aclara Technologies Inc., Aclara’s U.S.-based subsidiary, and Stanford’s Mineral-X initiative, a leading research initiative focused on transforming the critical minerals´ supply chain through advanced technologies, particularly artificial intelligence (AI), decision science, and data science. This agreement establishes the foundation for a strong academic and technological alliance, leveraging advanced AI solutions to optimize the HREE supply chain from the ground up-starting with exploration and continuing through processing and supply chain integration.
Key Objectives of the Aclara-Stanford Collaboration:
Joint development of AI-powered predictive models to better understand and target REE mineralization in regolith and ionic clays.
Academic and technical exchange between researchers, students, and professionals from both institutions to support mutual training, knowledge transfer, and capacity building.
Innovation opportunities in sustainable exploration, traceability, and responsible development of REE supply chains.
Co-authorship of scientific publications and joint management of intellectual property related to AI applications in exploration, ensuring confidentiality and managing intellectual property rights in accordance with each Party’s internal policies.
Roadmap for a long-term strategic alliance, including future R&D initiatives and pilot projects.
“This partnership with Stanford’s Mineral-X reinforces our commitment to innovation and leadership in the global rare earth supply chain,”commented Ramón Barúa, Aclara’s Chief Executive Officer. “By embedding Aclara into Silicon Valley’s innovation ecosystem and combining our expertise in heavy rare earths with Mineral-X’s advanced AI technologies, we aim to jointly develop smarter, cleaner, and more secure solutions that strengthen the resilience of alternative supply chains.”
“It has been a joy collaborating with the world-class data science & geoscience team at Aclara. Their team brings the highest professional experience in REE exploration & resource appraisal and Mineral-X is looking forward to pushing the boundary on the predictive capacity of the human-in-loop data science and AI, thereby making the exploration enterprise more efficient, more targeted and less expensive, ” states Jef Caers, Founder of Mineral-X and Professor of Earth & Planetary Sciences at the Stanford Doerr School of Sustainability.
Through this partnership, Aclara will refine and enhance its use of artificial intelligence (AI) to accelerate the discovery and development of ionic clay-hosted rare earth deposits, crucial sources of the heavy rare earths needed for permanent magnets in electric vehicles, wind turbines, and other decarbonization technologies.
Mineral-X is globally recognized as the leading research platform in AI-enabled mineral exploration. It has served as the launchpad for some of the world’s most successful mining AI startups and is at the forefront of integrating machine learning, geosciences, and sustainability.
About Aclara
Aclara Resources Inc. (TSX: ARA), a Toronto Stock Exchange listed company, is focused on building a vertically integrated supply chain for rare earths alloys used in permanent magnets. This strategy is supported by Aclara’s development of rare earth mineral resources hosted in ionic clay deposits, which contain high concentrations of the scarce heavy rare earths, providing the Company with a long-term, reliable source of these critical materials. The Company’s rare earth mineral resource development projects include the Carina Project in the State of Goiás, Brazil as its flagship project and the Penco Module in the Biobío Region of Chile. Both projects feature Aclara’s patented technology named Circular Mineral Harvesting, which offers a sustainable and energy-efficient extraction process for rare earths from ionic clay deposits. The Circular Mineral Harvesting process has been designed to minimize the water consumption and overall environmental impact through recycling and circular economy principles. Through its wholly-owned subsidiary, Aclara Technologies Inc., the Company is further enhancing its product value by developing a rare earths separation plant in the United States. This facility will process mixed rare earth carbonates sourced from Aclara’s mineral resource projects, separating them into pure individual rare earth oxides. Additionally, Aclara through a joint venture with CAP, is advancing its alloy-making capabilities to convert these refined oxides into the alloys needed for fabricating permanent magnets. This joint venture leverages CAP’s extensive expertise in metal refining and special ferro-alloyed steels. Beyond the Carina Project and the Penco Module, Aclara is committed to expanding its mineral resource portfolio by exploring greenfield opportunities and further developing projects within its existing concessions in Brazil, Chile, and Peru, aiming to increase future production of heavy rare earths.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities legislation, which reflects the Company’s current expectations regarding future events, including statements with regard to, among other things, the Company’s corporate strategy; expectations as to activities conducted in connection with this Letter of Intent and the success, effect or outcomes resulting therefrom; the development of new artificial intelligence tools, the optimization of heavy rare earths supply chains and exploration, and the economic effect of the Letter of Intent, and the Company’s expectations as to the partnership contemplated thereby. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, but are not limited to risks related to operating in a foreign jurisdiction, including political and economic risks in Chile and Brazil; risks related to changes to mining laws and regulations and the termination or non-renewal of mining rights by governmental authorities; risks related to failure to comply with the law or obtain necessary permits and licenses or renew them; cost of compliance with applicable environmental regulations; actual production, capital and operating costs may be different than those anticipated; the Company may be not able to successfully complete the development, construction and startup of mines and new development projects; risks related to fluctuation in commodity prices; risks related to mining operations; and dependence on the Penco Module and/or the Carina Project. Aclara cautions that the foregoing list of factors is not exhaustive. For a detailed discussion of the foregoing factors, among others, please refer to the risk factors discussed under “Risk Factors” in the Company’s annual information form dated as of March 20, 2025, filed on the Company’s SEDAR+ profile. Actual results and timing could differ materially from those projected herein. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release and the Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws.
For further information, please contact:
Ramón Barúa Costa
Chief Executive Officer
investorrelations@aclara-re.com
SOURCE: Aclara Resources Inc.
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