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New Found Gold

Investing 9 Mins Read

Investor Insight

New Found Gold is an emerging Canadian gold producer with a multi-asset portfolio in Newfoundland and Labrador, anchored by the high-grade, district-scale Queensway project and complemented by the Hammerdown operation and permitted processing infrastructure at Pine Cove and Nugget Pond. New Found Gold offers a combination of near-term cash flow potential and long-term, district-scale growth.

Overview

New Found Gold (TSXV:NFG,NYSE:NFGC) is an emerging Canadian gold producer with assets located in Newfoundland and Labrador, Canada. The company’s portfolio includes its flagship Queensway gold project, as well as the Hammerdown operation, Pine Cove mill and Nugget Pond hydrometallurgical gold plant.

In 2025, New Found Gold refreshed its board of directors and management team, adding a group of experienced mine builders and operators to support the company’s transition from exploration to production, and build off its established exploration expertise. The reconstituted board is led by chairman Paul Andre Huet and includes seasoned mining executives and capital markets specialists.

In November 2025, New Found Gold completed the acquisition of Maritime Resources, creating a diversified gold company with both development and producing assets in a top-tier jurisdiction. The transaction brought together two high-quality gold projects — Queensway and Hammerdown — and added permitted processing infrastructure, positioning the company to pursue a clear path to production and cash flow.

The company is currently focused on ramping up Hammerdown safely and efficiently through 2026, while advancing Queensway through engineering, permitting and project finance toward a targeted Phase 1 start-up in H2/2027. This multi-asset approach is intended to support near-term cash flow potential while maintaining meaningful exploration and development upside through Queensway’s large, high-grade gold system.

At Queensway, New Found Gold has consolidated a district-scale land position and continues to advance technical work including infill drilling, grade control drilling, geotechnical studies, metallurgical testwork, environmental baseline studies and broader exploration programs. In parallel, the company has engaged Cutfield Freeman as project finance advisor to help evaluate and select an optimal financing package for Queensway Phase 1 initial capital.

Company Highlights

  • District-scale land package at Queensway totaling 230,225 hectares and covering more than 110 kilometres of strike along two major fault zones
  • Hammerdown operation commenced production with a first gold pour in November 2025 and is targeted to ramp up to commercial/steady-state production through 2026
  • Ownership of the Pine Cove operation (fully permitted mill and tailings facility) and Nugget Pond hydrometallurgical gold plant, providing processing infrastructure and optionality to support both Hammerdown and Queensway Phase 1
  • Strengthened management team and refreshed board led by chairman Paul Andre Huet, with a solid shareholder base including cornerstone investor Eric Sprott

Key Projects

Queensway Gold Project

The 100 percent owned Queensway gold project is New Found Gold’s flagship asset and the primary driver of long-term value creation. Located in central Newfoundland, Queensway spans 230,225 hectares and covers more than 110 kilometres of strike along the Appleton and JBP fault zones, highlighting its district-scale exploration potential.

Aerial view of the Queensway gold project, adjacent to the Trans-Canada Highway near Gander, Newfoundland and Labrador

In 2025, New Found Gold published its initial MRE for Queensway, outlining 18 Mt grading 2.40 grams per ton (g/t) gold for 1.39 Moz (indicated), with an additional 10.7 Mt grading 1.77 g/t gold for 0.61 Moz (inferred), establishing a solid mineral resource base to underpin development studies.

In July 2025, New Found Gold completed a PEA for Queensway showing total production of approximately 1.5 Moz over a 15-year mine life and robust base-case economics, including after-tax NPV5 percent of C$743 million and after-tax IRR of 56.3 percent at US$2,500/oz gold, with life-of-mine AISC of US$1,256/oz, and Phase 1 initial capital of approximately C$155 million. The PEA outlines a phased development strategy designed to accelerate the project’s path to production, with Phase 1 focused on high-grade, near-surface mineralization from the Appleton Fault Zone (AFZ) Core and a low-capital processing approach leveraging off-site milling and tailings capacity (including the company’s permitted Pine Cove facility).

The AFZ Core hosts multiple high-grade gold zones, including Keats, Iceberg, Keats West, Lotto and Monte Carlo, which form the foundation of the PEA mine plan. Ongoing infill drilling, grade control drilling, excavation and geotechnical programs are being carried out to support mine planning, improve resource confidence, and advance future mineral resource updates. In 2025, the company completed more than 74,000 metres of diamond drilling, primarily focused on resource definition and pre-development work, alongside continued near-surface excavation, mapping and channel sampling in key zones.

Beyond the current mine plan, continued drilling along strike and at depth across Queensway has delivered new discoveries, highlighting the project’s potential for resource growth beyond the initial PEA scope. Notably, exploration success at targets outside the AFZ Core — including the Dropkick zone — underscores the broader camp-scale potential across the district-scale land package.

Hammerdown Operation

The Hammerdown operation is a high-grade gold project that New Found Gold is advancing through production ramp-up. Following the Maritime acquisition, Hammerdown achieved a first gold pour in November 2025 and is targeted to ramp up to commercial/steady-state production later in 2026.

Hammerdown benefits from on-island processing infrastructure and regional synergies, providing the company flexibility to pursue a production-focused strategy alongside ongoing development at Queensway. Hammerdown is the first step in establishing New Found Gold as a new Canadian gold producer.

Pine Cove Operation and Nugget Pond Hydrometallurgical Gold Plant

New Found Gold also owns the Pine Cove operation, which includes a fully permitted mill and tailings facility, as well as the Nugget Pond hydrometallurgical gold plant. These assets provide the company with permitted processing infrastructure in Newfoundland and Labrador and support operational flexibility as Hammerdown ramps up and Queensway advances toward a phased production strategy.

Management Team

Keith Boyle — Chief Executive Officer and Director

Keith Boyle brings over 40 years of global mining experience, including extensive roles in operations, project development, technical studies, investor relations and budget management. Prior to joining New Found Gold, Mr. Boyle served as chief operating officer at Reunion Gold, where he fast-tracked the high-grade Oko West project in Guyana ahead of its acquisition for $870 million. He holds a Bachelor of Science in Mining Engineering and an MBA, and is a registered professional engineer in Ontario and Newfoundland & Labrador.

Paul Andre Huet – Chairman

Paul Andre Huet is currently the chief executive officer at Americas Gold and Silver and was chairman and CEO of Karora Resources from 2019 to 2024, until its acquisition by Westgold Resources for $1.3 billion. Prior to this he was president, CEO and Director of Klondex Mines from 2012 to 2018, until its acquisition by Hecla Mining Company for $700 million. Huet has a strong command of capital markets and has served in all levels of engineering and operations within publicly traded mining companies. He graduated with Honors from the Mining Engineering Technology program at Haileybury School of Mines in Ontario and successfully completed the Stanford Executive program at the Stanford School of business.

Melissa Render — President

Melissa Render is an exploration geologist with more than 18 years of experience focused on orogenic gold systems. She joined New Found Gold as a consultant in 2020, became vice-president, exploration in 2021, and was promoted to president in 2024. Ms. Render has led exploration programs worldwide across multiple gold belts and brings expertise in target generation, 3D modelling, data management and exploration program design. She holds a Bachelor of Science in Geological and Earth Sciences from Dalhousie University and is a registered professional geoscientist in Ontario and Newfoundland & Labrador.

Hashim Ahmed — Chief Financial Officer

Hashim Ahmed brings 25 years of finance, corporate strategy and capital markets experience to New Found Gold. He has held senior financial and executive positions across the mining industry, including most recently as executive vice-president and CFO at Mandalay Resources. His background spans royalty, mid-tier and senior gold companies. Mr. Ahmed obtained his CA/CPA designation with PricewaterhouseCoopers LLP.

Robert Assabgu — Chief Operating Officer

Robert Assabgu is an experienced mining engineer with expertise in project management, engineering and operations. His career includes leadership roles at Inco/Vale and Hudbay Minerals, where he oversaw multiple mines, concentrators and technical services teams. He also played a key role at Reunion Gold on the Oko West project ahead of the G Mining Ventures acquisition. Mr. Assabgui holds a Bachelor of Engineering degree in Mining and Mineral Engineering from McGill University in Montreal.

Fiona Childe — Vice-president, Communications and Corporate Development

Fiona Childe has more than 25 years of industry experience, beginning as an exploration geologist and later focusing on capital markets, corporate development and investor communications. Throughout her career, she has held senior management positions and consulted for mining companies, such as Mineros S.A. and Tau Capital Corp. with a primary focus on gold. Dr. Childe holds a Ph.D. in geology from the University of British Columbia and a professional geoscientist designation in Ontario.

Jared Saunders — Vice-president, Sustainability

Jared Saunders brings over two decades of experience in environmental science, regulatory compliance and stakeholder engagement. His background includes environmental leadership roles at Vale Newfoundland & Labrador and consulting project experience in environmental risk assessment and contaminated site management. Dr. Saunders holds a Ph.D. in Environmental Sciences degree from the Royal Military College in Kingston, Ontario. He sits on the Board of Directors for Mining Industry, NL as Director – Exploration.

Jelena Novikov Fried — General Counsel and Corporate Secretary

Jelena Novikov Fried has more than 20 years of legal experience in corporate, commercial and securities law. Prior to joining New Found Gold, she served as legal director, corporate and securities at lithium-ion battery recycler Li-Cycle, and practiced corporate and securities law with Cassels Brock & Blackwell LLP and Bennett Jones LLP. Ms. Novikov Fried holds a Juris Doctor from the University of British Columbia.

This post appeared first on investingnews.com

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Coelacanth Energy Inc. Announces Grant of Stock Options and Restricted Share Units

Investing 2 Mins Read

Coelacanth Energy Inc. (TSXV: CEI,OTC:CEIEF) (‘Coelacanth’ or the ‘Company’) announces that its board of directors approved the granting of incentive stock options (‘Options’) under its stock option plan to acquire up to an aggregate of 8,634,250 common shares (‘Common Shares’) of the Corporation (6,298,250 granted to certain of its directors and officers and 2,336,000 granted to certain of its employees) and to the granting of restricted share units (‘RSUs’) under its restricted share unit plan to obtain up to an aggregate of 5,369,500 Common Shares (4,224,250 granted to certain of its directors and officers and 1,145,250 granted to certain of its employees).

All of the Options are exercisable for a period of five years at a price of $0.80 per Common Share and 33⅓% of the Options will vest on the date that is one year after the date of the grant of such Options and the remainder will vest 33⅓% per year thereafter. All of the RSUs are exercisable for a period of three years at no additional cost and 33⅓% of the RSUs will vest on the date that is one year after the date of the grant of such RSUs and the remainder will vest 33⅓% per year thereafter.

Following the grant of Options and RSUs, Coelacanth has an aggregate of 30,220,931 Options and 9,865,698 RSUs outstanding. Coelacanth’s share based incentive plans limit the total number of Common Shares underlying the aggregate outstanding Options and RSUs to no more than 10% of the issued and outstanding Common Shares of 535,316,833. As of the date of this press release, the total number of Common Shares underlying the outstanding Options and RSUs on an aggregate basis is 40,086,629 or approximately 7.5% of the issued and outstanding Common Shares.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Coelacanth Energy Inc.
2110, 530 – 8th Ave SW
Calgary, Alberta T2P 3S8
Phone: 403-705-4525
www.coelacanth.ca

Mr. Robert J. Zakresky
President and Chief Executive Officer

Mr. Nolan Chicoine
Vice President, Finance and Chief Financial Officer

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 IN TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281716

News Provided by TMX Newsfile via QuoteMedia

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Torrent Capital

Investing 5 Mins Read

Overview

Torrent Capital (TSXV:TORR) is a publicly traded investment company providing exposure to an actively managed growth portfolio of public and private investments.

Torrent Capital provides investors with access to a sector-agnostic, actively managed portfolio that blends long-term core holdings with income-generating strategies. Our diversified platform spans public equities, private ventures, and royalty investments. This approach is designed to deliver compounded NAV growth.

Portfolio Overview

Public Equities

Torrent’s core public equity holdings include the following:

Kneat (TSX:KSI) – A leader in SaaS solutions for digitising validation and quality processes in regulated industries, including life sciences. Torrent invested early, recognising Kneat’s scalable platform and its potential to transform compliance-heavy sectors globally.

Lemonade (NYSE:LMND) – An insurance technology company that leverages artificial intelligence to automate operations such as claims processing and policy issuance, disrupting the $2 trillion global insurance market.

SentinelOne (NYSE:S) – A global leader in AI-powered cybersecurity. Torrent invested in SentinelOne for its ability to disrupt traditional security solutions and scale rapidly as enterprises adopt automated threat detection and response.

Fortune Bay (TSXV:FOR) – A Canadian gold exploration company with promising assets in Saskatchewan and Mexico. Torrent’s investment reflects our belief in gold’s enduring role as a hedge against market volatility, coupled with Fortune Bay’s potential to unlock significant resource value through exploration success.

Sona Nanotech (CSE:SONA) – Innovator in nanotechnology with applications across healthcare and diagnostics. Torrent’s investment thesis is based on the potential for Sona’s unique gold nanorods to deliver breakthroughs in medical technology, particularly in diagnostics and cancer treatment.

ReeXploration (TSXV:REE) – A rare earth exploration company focused on the Eureka Project in Namibia. Torrent invested in ReeXploration for its strategic exposure to critical minerals essential to clean energy and advanced technologies.

Private Ventures

Torrent selectively invests in early-stage private ventures with high growth potential.

Holding:

OARO Technologies – A cybersecurity and digital identity company delivering advanced blockchain-powered authentication, digital ticketing, and secure credential solutions. Torrent invested in OARO for its ability to meet the growing global demand for secure, scalable identity management, positioning the company at the intersection of cybersecurity and blockchain adoption.

Royalty Investments

Torrent maintains selective exposure to royalty investments designed to generate potential long-term, recurring cash flows.

Key investment:

Argentia Capital – Argentia Capital is focused on the construction of port infrastructure, the provision of services and equity ownership in businesses that support aquaculture, renewable energy, and oil and gas sectors, as well as other port developments.

Company Highlights

  • Proven Performance Across Market Cycles: NAV grew from ~$0.25 in 2017 to ~$0.87 as of November 30, 2025 (15.84 percent CAGR), Outperforming the S&P500 and TSX Small Cap Index, which increased at rates of 13.13 percent and 7.77 percent respectively.
  • Diversified Investment Model: Combines public equities, private ventures and royalty investments to balance growth and stability through market cycles.
  • Active Management and Transparency: Torrent publishes frequent NAV updates and portfolio disclosures, providing clarity that differentiates it from other investment companies.
  • Proven Leadership: Led by CEO Wade Dawe and a team with over C$2 billion in deals completed, Torrent combines decades of entrepreneurial and capital markets experience across public and private companies.
  • Strategic focus: Targeted exposure to key growth themes—including artificial intelligence, cybersecurity, and critical minerals—balancing innovation with defensive holdings to produce long-term compounding.

Management Team

Torrent’s leadership is aligned with shareholders and focused on long-term value creation.

Wade Dawe – Chief Executive Officer, Director

Wade Dawe is an Atlantic Canadian entrepreneur and skilled investor. Fiercely independent throughout the entirety of his career, he achieved early success internationally in the resource sector and went on to play a pivotal role in a number of companies as a financier and company founder.

Carl Sheppard – President & Chief Operating Officer, Director

Carl Sheppard is the current president and chief operating officer of Torrent Capital and is also the president and managing partner of Strategic Concepts, a business consulting company. For the past 30 years, he has provided consulting services to many of Canada’s leading resource companies and organizations. He has participated in numerous economic studies, strategic plans, cost/benefit reports and business plans targeted at the identification of development opportunities.

Eric Thompson – Chief Financial Officer

Eric Thompson has over ten years of accounting and assurance experience in both public practice and industry. Prior to assuming the CFO position, he served as the controller of Torrent Capital, contributing to enhanced financial reporting and treasury oversight.

Evan Dawe, CFA – Portfolio Manager – Public Equities

Evan Dawe is a Portfolio Manager at Torrent Capital, focused on identifying high-growth public equity opportunities across U.S. and Canadian markets. He brings a rigorous, fundamentals-driven approach with a strong emphasis on business quality, competitive positioning, and long-term value creation. Evan is a CFA charter holder and holds a Bachelor of Commerce degree from Queen’s University. Prior to Torrent Capital, he served as a Corporate Development Officer at Numus Capital, where he sourced venture capital deal flow and coordinated capital raises for early-stage companies.

Jim Megann – Director

Jim Megann is Managing Director of Numus Financial and serves as a Director of OARO Technologies. He has extensive experience in capital markets, corporate development, and strategic communications, and is the former Chair of NWest Energy.

Carl Hansen – Director

Carl Hansen is CEO of Cascada Silver Corp. and a geologist with more than 30 years of experience in exploration, mining, and public markets. He has led multiple successful exploration companies and has significant experience in corporate finance and capital formation.

Wayne Myles – Director

Wayne Myles is a legal advisor specializing in international mergers and acquisitions, corporate, and commercial law. He provides strategic legal guidance to Torrent’s management and board on governance and cross-border transaction structures.

This post appeared first on investingnews.com

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Skyharbour Closes Acquisition to Consolidate 100% Interest in the Russell Lake Uranium Project

Investing 5 Mins Read

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (‘Skyharbour’ or the ‘Company’) is pleased to announce that it has completed the acquisition of Rio Tinto Exploration Canada Inc.’s (‘RTEC’) minority interest in the Russell Lake Uranium Project (‘Russell Lake’ or the ‘Project’) pursuant to the previously announced definitive and binding purchase agreement (the ‘Purchase Agreement’). The Project is strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan, with access to regional infrastructure, including an all-weather road and powerline.

Russell Lake Project Location Map:
http://www.skyharbourltd.com/_resources/images/2025-11-14%20SKY-RussellLake-Updated.jpg

Transaction Details:

Immediately prior to closing, RTEC’s interest in the Project was approximately 42.3%. Pursuant to the terms of the Purchase Agreement, Skyharbour has acquired 100% of RTEC’s minority interest in the Project in exchange for cash consideration of C$10 million (the ‘Purchase Price’). The Purchase Price consisted of a C$2 million deposit, paid on signing the Purchase Agreement, and a C$8 million cash payment paid at closing.

Skyharbour has granted to RTEC a 0.25% net smelter returns royalty over Russell Lake. The acquisition of RTEC’s interest in Russell Lake has increased Skyharbour’s interest in the Project to 100%, subject to several other net smelter return royalties held by third parties.

Russell Lake Uranium Project Overview:

The Russell Lake Project is a large, advanced-stage uranium exploration property totalling 73,314 hectares strategically located between Cameco’s Key Lake and McArthur River Projects, and adjoining Denison’s Wheeler River Project to the west and Skyharbour’s Moore Uranium Project to the east. The northern extension of Highway 914 between Key Lake and McArthur River runs through the western extent of the property and greatly enhances accessibility, while a high-voltage powerline is situated alongside this road.

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour as well as a Qualified Person.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-seven projects covering over 616,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, which hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.

Skyharbour also has joint ventures with industry leaders Denison Mines, Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Russell, Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project.

In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to potentially over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://skyharbourltd.com/_resources/maps/SKY-SaskProject-Locator-2025-12-08.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

Skyharbour Resources Ltd.

‘Jordan Trimble’

Jordan Trimble
President and CEO

For further information contact myself or:
Nicholas Coltura
Corporate Communications Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, exploration and development successes, regulatory approvals including TSXV approval, and general economic, market or business conditions. Please see the public filings of the Company at www.sedarplus.ca for further information.

News Provided by GlobeNewswire via QuoteMedia

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Skyharbour Closes Major Strategic Transaction with Denison Mines to Form Four New Joint Ventures at Russell Lake with Combined Project Consideration up to $61.5 Million

Investing 14 Mins Read

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (‘Skyharbour’, ‘SYH’ or the ‘Company’) is pleased to announce the closing of the definitive repurchase agreement (the ‘Strategic Agreement’) with Denison Mines Corp. (‘Denison’ or ‘DML’), whereby Denison has acquired an initial project interest in Skyharbour’s Russell Lake Uranium Project (‘Russell’ or the ‘Project’) and the parties have entered into four separate joint venture agreements on various claims making up Russell (the ‘Transaction’). The Project is strategically located in the central portion of the Eastern Athabasca Basin of northern Saskatchewan, with access to regional infrastructure, including an exploration camp, all-weather road and powerline.

Russell Lake Project Location Map:
http://www.skyharbourltd.com/_resources/images/2025-11-14%20SKY-RussellLake-Updated.jpg

Highlights:

  • Strategic Agreement represents combined total project consideration of up to CAD $61.5 million consisting of cash payments to Skyharbour totalling $10.0 million, additional consideration of $8.0 million payable in cash and shares before year end, and expenditures and cash payments totalling up to $43.5 million for Denison to acquire between a 20% and 70% ownership interest over seven years in the claims making up Russell, with Skyharbour owning the remaining interests.
  • Denison (TSX: DML; NYSE American: DNN), a leading uranium mining company with a market capitalization of over $3 billion, is developing the Wheeler River Project (‘Wheeler River’), which shares a 55 kilometre border with Russell. Denison is an existing, large corporate shareholder of Skyharbour and now joins the Company as a strategic, active, funding partner at Russell.
  • The Project has been divided into four different joint ventures, including Russell Lake (‘RL’), Getty East, Wheeler North, and the Wheeler River Inlier Claims, of which Skyharbour will retain initial ownership interests of 80%, 70%, 51%, and 30%, respectively. Denison can then earn up to a 70% interest in the Wheeler North and Getty East properties through option agreements.
  • The geological teams of Denison and Skyharbour have begun working cooperatively to advance and unlock value across the joint ventures, employing top-tier exploration and development expertise in the region.
  • Denison has committed to a minimum of $4 million in exploration expenditures over the first two years at Wheeler North and Getty East combined, as well as agreeing to fund to maintain its pro-rata 20% participation interest in the RL claims through 2029 up until such time that total exploration expenditures on the property reach $10 million.
  • Skyharbour will remain operator with an 80% ownership interest at the RL claims comprising over 53,192 hectares of the original 73,314 hectare Russell Lake Project. The Company will also act as operator during the first earn-in at Getty East with Denison sole funding the exploration in order to fulfill the earn-in option criteria.
  • Skyharbour is well funded going into 2026 with over $11 million in the treasury. The Company will also generate revenue from its operator fee at the McGowan Lake exploration camp at the Project, as well as from cash and share payments from other option earn-in partner companies.
  • Skyharbour will continue to directly advance its high-grade Moore Uranium project as well as the RL claims at Russell, while partner companies fund exploration at some of the Company’s other projects.

Reorganization of the Russell Lake Project:
https://www.skyharbourltd.com/_resources/images/Russell-Map-New.jpg

Jordan Trimble, President and CEO of Skyharbour, stated: ‘We are thrilled to close this major transaction for Skyharbour, and to embark on the next chapter of exploration at Russell with a multi-billion dollar strategic partner and large shareholder in Denison Mines. With up to $61.5 million in combined project consideration contemplated, we are confident that this strategic agreement will expedite the discovery process at the Project while minimizing equity dilution for our shareholders. Based on initial technical meetings and strategy sessions with Denison, we are excited about the combined exploration options for the near term. Russell is one of the more prospective exploration projects in the Athabasca Basin proximal to existing and developing mines including Denison’s Pheonix deposit at Wheeler River. Denison will also be able to provide considerable insight and experience as we jointly advance Russell. Lastly, we now enter the new year with a healthy treasury of over $11 million to fund our exploration efforts and corporate activities through 2026 while various partner companies fund exploration at numerous other projects in our portfolio.’

David Cates, President and CEO of Denison, further commented: ‘As Denison nears receipt of final regulatory approvals for the Phoenix In-Situ Recovery mine proposed for our flagship Wheeler River property, we are also making measured investments in our project pipeline – including our next development assets and high-potential exploration properties. Given its proximity to Wheeler River, Denison has had an interest in adding Russell to our property portfolio for much of my nearly two decades with the Company. This transaction achieves that objective by providing Denison with the opportunity to lead and participate in exploration efforts across four newly created joint ventures, which are designed to drive collaboration between Denison and Skyharbour’s technical teams. We are excited to build on our long-standing relationship with Skyharbour and accelerate the evaluation of this exceptional package of highly prospective ground.’

Transaction Details:

The consideration payment consisted of a $10.0 million cash payment, with $2.0 million paid upon execution of the Strategic Agreement and $8.0 million paid upon closing of the Strategic Agreement. An additional $8.0 million is payable in cash and shares by Denison on or before December 31 st , 2025 with a minimum of $2.0 million payable in cash.

It is anticipated that Denison will also be making use of the current exploration camp at McGowan Lake on the Project, which will continue to be operated by Skyharbour, and an administrative fee will be payable by Denison to Skyharbour. The claims comprising Russell are subject to various existing underlying royalties to other parties.

Skyharbour has received conditional approval from the TSX Venture Exchange for closing. The issuance of shares by Denison to Skyharbour remains subject to appliable exchange approvals.

Summary of Initial Joint Ventures:

Upon closing of the Strategic Agreement, Denison has earned an initial project interest in each of the four new Russell exploration projects including a 49% interest in the Wheeler North claims, a 20% interest in the RL claims, a 30% interest in the Getty East claims, and a 70% interest in the Wheeler River Inlier claims.

  1. Wheeler North (51% SYH, 49% DML ; subject to additional earn-in options ) : The claims marked in yellow in the accompanying map represent 16,409 hectares over eight claims. The claims host some of the exploration targets located proximal to Wheeler River, including the Grayling and Fork Zones. Upon closing of the Transaction, Denison will have the option to increase its interest in Wheeler North to a 70% interest in these claims and Denison will become the operator of Wheeler North as described in more detail below.
  2. Russell Lake or RL (80% SYH, 20% DML) : The claims marked in pink in the accompanying map represent 53,192 hectares over 16 claims. These claims are located north and west of Skyharbour’s Moore Project and host numerous exploration target areas including Christie Lake, NE Russell, Blue Steel, Taylor Bay, South Russell, and Kowalchuk Lake. In order to maintain its initial interest in RL, Denison has agreed to fund its pro rata share of up to a maximum of C$10.0 million in total project expenditures. Skyharbour will remain operator of RL.
  3. Wheeler River Inliers (30% SYH, 70% DML) . The claims marked in blue in the accompanying map represent 608 hectares over two claims. These are inlier claims within Denison’s Wheeler River project hosting the West Russell and C-Block exploration target areas. DML will become operator of the Wheeler River Inliers.
  4. Getty East (70% SYH, 30% DML ; subject to additional earn-in options ) . The claim marked in green in the accompanying map representing 3,105 hectares is host to the Little Man Lake exploration prospect. The claim borders Cameco’s Cree Zimmer property which holds its Key Lake operations to the south. Upon the closing of the Transaction, Skyharbour remains operator of Getty East; however, Denison has the option to become the operator and acquire up to a 70% interest in this joint venture as described in more detail below.

Denison Earn-In Options:

The Earn-In Option Agreements grant Denison an option to earn additional interests in Wheeler North and Getty East.

Wheeler North Earn-In Option :

Under the terms of the Wheeler North Earn-In Option Agreement, Denison may acquire up to a 70% interest in Wheeler North. The option agreement contains two (2) phases, as summarized below:

Phase 1: To earn an additional 11% interest in Wheeler North (increasing Denison’s ownership to 60%), Denison must:

  • Incur $10.0 million in exploration expenditures at Wheeler North within 48 months of Closing, of which $2.5 million in exploration expenditures must be completed within 24 months of Closing, and
  • Make a cash payment in the amount of $1.5 million to Skyharbour within 48 months of Closing.

Phase 2: To earn an additional 10% interest (increasing Denison’s ownership to 70%) in Wheeler North, Denison must complete the requirements of Phase 1, plus the following:

  • Incur an additional $15.0 million in exploration expenditures at Wheeler North within 7 years of Closing, and
  • Make a further cash payment in the amount of $2.0 million to Skyharbour within 7 years of Closing.

Getty East Earn-In Option Agreement:

Under the terms of the Getty East Option Agreement, Denison may acquire up to a 70% interest in Getty East. The option agreement contains two (2) phases, as summarized below:

Phase 1: To earn an additional 19% interest in Getty East (increasing Denison’s ownership to 49%), Denison must incur $5.0 million in exploration expenditures at Getty East within 48 months of Closing, of which $1.5 million must be completed within the first 24 months of Closing.

Phase 2: To earn an additional 21% interest in Getty East (increasing Denison’s ownership to 70%), Denison must complete the requirements of Phase 1, plus incur an additional $10 million in exploration expenditures within 7 years of Closing. Upon completion of the Phase 2 earn-in option criteria, Denison will have the option to become the operator in this joint venture.

Russell Lake Uranium Project Overview:

The Russell Lake Project is a large, advanced-stage uranium exploration property totalling 73,314 hectares strategically located between Cameco’s Key Lake and McArthur River Projects, and adjoining Denison’s Wheeler River Project to the west and Skyharbour’s Moore Uranium Project to the east. The northern extension of Highway 914 between Key Lake and McArthur River runs through the western extent of the property and greatly enhances accessibility, while a high-voltage powerline is situated alongside this road.

Skyharbour’s New 80% Owned RL Project:

The claims making up the RL Project constitute over seventy percent of the original Russell project area and will continue to be explored by Skyharbour as the operator and 80% owner. Denison will acquire a 20% interest and has agreed to fund to maintain its pro-rata participation interest in the RL claims through December 31 st , 2029, or until such time that total expenditures on the properties have reached $10 million.

The RL claims have numerous highly prospective targets that Skyharbour will continue to advance. The Christie Lake target area contains basement-hosted uranium mineralization with historical drilling returning 0.17% U 3 O 8 over 0.4 metres at 436.4 metres depth in hole CL-10-03, hosted within a strongly hematized breccia. A prospective clay altered basement fault system runs throughout this area.

The Blue Steel target area comprises graphitic metasediments that were last drilled in 2008. The full extent of the graphitic corridor remains unknown and completely untested. Historical geophysics indicate potential faulting along this corridor, highlighting it as a priority area for follow-up work using modern geophysical methods to refine drill targets.

The Kowalchuk area, situated within the southern Russell claims, is another prospective area on the RL claims, with multiple inferred structural trends passing through it. This area has seen only limited modern geophysical coverage to date.

In addition to the aforementioned target areas, there are many kilometres of untested EM conductors on the RL claims underlain by rocks of low magnetic intensity, suggestive of the presence of prospective graphitic meta-pelitic basement lithologies typical of Athabasca-style uranium systems. With limited modern exploration conducted over the past 12 years, the RL claims remain underexplored and highly prospective for both expanding known mineralized zones and making new discoveries.

Advisors and Counsel:

Haywood Securities Inc. acted as financial advisor to Skyharbour in connection with the Transaction, and AFG Law LLP and DuMoulin Black LLP are acting as legal counsel to Skyharbour.

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour as well as a Qualified Person.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-seven projects covering over 616,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, which hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.

Skyharbour also has joint ventures with industry leaders Denison Mines, Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Russell, Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project.

In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to potentially over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://skyharbourltd.com/_resources/maps/SKY-SaskProject-Locator-2025-12-08.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

Skyharbour Resources Ltd.

‘Jordan Trimble’

Jordan Trimble
President and CEO

For further information contact myself or:
Nicholas Coltura
Corporate Communications Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements.  Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, exploration and development successes, regulatory approvals including TSXV approval, and general economic, market or business conditions. Please see the public filings of the Company at www.sedarplus.ca for further information.

News Provided by GlobeNewswire via QuoteMedia

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Gareth Soloway: Gold, Silver, Bitcoin and More — Price Predictions for 2026

Investing 1 Min Read

Gareth Soloway of VerifiedInvesting.com shares his outlook for gold, silver and Bitcoin.

For gold, he outlines two different scenarios — a breakout to US$5,000 per ounce, potentially early in 2026, or a pullback to the US$3,500 to US$3,600 level.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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Walker Lane Announces Shares for Debt Issuance

Investing 8 Mins Read

TSX-V: WLR 
Frankfurt: 6YL

 CMC Metals Ltd. (TSXV: CMB) (Frankfurt: ZM5P) (‘CMC’ or the ‘Company’) is pleased to announce that it has settled and extinguished $77,600 of outstanding debt (the ‘Debt’) through the issuance of common shares of the Company (the ‘Shares’).

In accordance with the settlement of debt (the ‘Debt Settlement‘), the Company will issue 405,714 common shares to one non-arm’s length creditor of the Company (the ‘Non-Arm’s Length Creditor‘) and 333,333 common shares to one arm’s length creditor (the ‘Arm’s Length Creditor‘) at a deemed price of $0.105 per Share. The Company has entered into administrative and professional services agreements provided between the periods of April to August 2025, inclusive, with the Non-Arm’s Length Creditor for services provided and services agreements for the period April to October 2025, inclusive with the Arm’s Length Creditor.

The Company chose to settle and extinguish the Debt through the issuance of Shares to preserve cash and improve the Company’s balance sheet. The Debt Settlement is subject to approval by the TSX Venture Exchange (the ‘TSXV‘). No new insiders will be created, nor will any change of control occur as a result of the issuance of the Shares.

The shares issued are subject to a four month hold period, which will expire on a date that is four months and one day from the date of issuance.

As certain insiders are party to the Agreement for $35,000 or 333,333 shares, it may be considered a ‘related party transaction’ under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (‘MI 61-101’) and the TSXV. The Company is relying on the exemptions from the formal valuation and the minority shareholder approval requirements of MI-61-101 contained in section 5.5 (a) and Section 5.7 (1)(a) as the fair market value of the common shares being issued to insiders in connection with the Service Shares does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

Kevin Brewer, President and CEO of Walker Lane Resources Ltd. noted ‘We have significantly reduced our debt load, and minimized operating costs and expenditures, to deal with the challenges our sector has faced in 2024. The participation of my own company and a primary service company is testimony to the belief of myself and the Board that WLR has significant opportunities to enhance shareholder value in the near future.’

About Walker Lane Resources Ltd.

Walker Lane Resources Ltd. is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. and other property assets in Yukon. The Company intends to initiate an aggressive exploration program to advance the Tule Canyon (Walker Lane, Nevada) and Amy (Rancheria Silver District, B.C.) projects through drilling programs with the aim of achieving resource definition in the near future.

On behalf of the Board:
‘Kevin Brewer’
Kevin Brewer, President, CEO and Director
Walker Lane Resources Ltd.

Cautionary and Forward Looking Statements

This press release and related figures, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘anticipate’, ‘plans’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘should’, ‘believe’ ‘targeted’, ‘can’, ‘anticipates’, ‘intends’, ‘likely’, ‘should’, ‘could’ or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its properties including Silverknife and Amy properties in British Columbia, the Silver Hart, Blue Heaven and Logjam properties in Yukon and the Bridal Veil property in Newfoundland and Labrador all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. (OTC-US: NBRI) and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remain subject to the condition of the option of the Silverknife property with Coeur Mining Inc. (TSX:CDE). These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company’s properties is reliable; the Company’s operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company’s properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company’s current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate.

Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company’s public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company’s control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company.

The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes ‘future-oriented financial information’ or ‘financial outlooks’ within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company’s actual financial position and results of operations may differ materially from management’s current expectations and, as a result, the Company’s revenue and expenses. The Company’s financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company’s accountants or auditors. The Company’s financial projections represent management’s estimates as of the dates indicated thereon.

SOURCE Walker Lane Resources Ltd

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2025/17/c7013.html

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Top 5 Gold News Stories of 2025

Investing 4 Mins Read

2025 was a watershed year for gold, which set new highs as its safe-haven appeal increased.

As global uncertainty intensified, the metal began to receive mainstream attention as a standout asset.

With the year set to mark one of gold’s strongest annual performances in decades, it’s a fitting moment to look back and revisit our most popular gold news stories of 2025.

Read on to see what caught our audience’s attention over the last 12 months.

1. Germany, Italy Face Pressure to Repatriate US$245 Billion in Gold as Trust in US Custody Wavers

Publish date: June 24, 2025

In June, growing distrust in US custodianship of foreign gold reserves and political uncertainty linked to the Trump administration put pressure on Germany and Italy to repatriate their foreign bullion.

At the time, both countries collectively held more than US$245 billion in gold reserves at the Federal Reserve Bank of New York, and local political leaders were raising concerns that the US had become a less neutral custodian.

German taxpayer advocates warned that increasing political influence over the US Federal Reserve could jeopardize access to foreign-owned bullion. Similar concerns surfaced in Italy, where critics argued that continuing to store gold abroad posed a strategic risk during a period of heightened geopolitical tension.

Germany repatriated 674 metric tons of gold from 2013 to 2017, but 37 percent of its reserves remain in New York.

2. What Does the GDX Index Change Mean for Gold Investors?

Publish date: September 19, 2025

In September, the world’s largest gold-mining stock exchange-traded fund (ETF) — the US$20.5 billion VanEck Gold Miners ETF (ARCA:GDX) — underwent a major structural overhaul.

VanEck transitioned GDX from the NYSE Arca Gold Miners Index to the MarketVector Global Gold Miners Index, ending a benchmark relationship in place since 2004.

The switch adopted free-float market-cap rules that exclude locked-up or government-held shares, aligning the fund with index standards commonly used in broader equity markets.

3. Barrick’s Bristow Steps Down Following Hemlo Sale and Mali Challenges

Publish date: September 29, 2025

Barrick Mining (TSX:ABX,NYSE:B) went through a major leadership transition this year after CEO Mark Bristow unexpectedly left the company following nearly seven years at the helm.

Bristow, who had led the company since the 2019 merger with Randgold Resources, stepped down amid strategic disagreements with Barrick Chair John Thornton and a year marked by operational challenges, including ongoing legal and political challenges in Mali, where its Loulo-Gounkoto complex is located.

Bristow’s departure also came shortly after Barrick finalized a US$1.09 billion sale of its Hemlo mine in Ontario, formally marking its exit from primary Canadian gold production to concentrate on higher-margin international operations.

Chief Operating Officer Mark Hill assumed interim CEO responsibilities as the board initiated a global search for a successor. Hill previously oversaw Barrick’s Latin America and Asia-Pacific operations, and played a key role in the company’s initial decision to explore the Fourmile gold project in Nevada.

4. Mali Enforces Gold Seizure at Barrick’s Loulo-Gounkoto Mine

Publish date: January 13, 2025

Barrick’s tensions with Mali’s military government intensified at the start of 2025 after authorities seized gold shipments from the firm’s Loulo-Gounkoto mine, which accounts for roughly 14 percent of its annual production.

At the time, officials claimed Barrick owed more than US$500 million in unpaid taxes and state dividends under a revised mining code implemented in 2023. Detentions and legal threats against local staff heightened the conflict further, and the government reportedly intercepted approximately 3 metric tons of bullion.

The year-long dispute reached a conclusion on November 24, when Barrick confirmed a settlement with the Malian government that restores full control over the Loulo-Gounkoto mine.

Under the terms, the company was to pay 244 billion CFA francs (US$430 million), with 144 billion CFA francs due within six days of signing and an additional 50 billion CFA francs applied through VAT credit offsets.

In exchange, Mali was to drop all charges against Barrick, lift state control of Loulo-Gounkoto, release four detained employees and renew the company’s mining permit for another decade.

The agreement also requires Barrick to comply with Mali’s 2023 mining code — the same legislation that triggered the original confrontation.

5. Navigating Uncertainty: How Trump’s Tariffs Are Affecting the Gold Market

Publish date: August 27, 2025

US trade policy sparked gold market turbulence after confusion surrounding import tariffs, including whether Swiss-refined 1 kilogram and 100 ounce bars would be subject to rates near 39 percent. Traders rushed to secure physical imports amid the uncertainty, widening spreads between New York futures and London spot benchmarks.

The volatility eased only after US officials clarified their position.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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Crypto Market Update: JPMorgan Launches Tokenized Money Market Fund, Strategy Buys the Dip

Investing 6 Mins Read

Here’s a quick recap of the crypto landscape for Monday (December 15) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$85,873.25, down by 3 percent over 24 hours.

Bitcoin price performance, December 15, 2025.

Chart via TradingView.

A bruising bout of weekend volatility pushed Bitcoin to a two week low near US$87,500 amid thin liquidity. Buyers emerged early on Monday to briefly lift prices toward the US$89,500 to 89,700 range, but both DeFi and traditional markets slipped in early trading after Greg Jensen, co-CIO of hedge fund giant Bridgewater Associates, issued a client note warning that Big Tech’s heavy reliance on external capital for artificial intelligence (AI) investments has entered a “dangerous” phase, amplifying AI bubble fears and exacerbating last week’s tech selloff into Monday.

Bitcoin fell to lows around US$85,400, and the global crypto market cap saw a 24 hour decrease of 3.2 percent.

In a post on X, veteran trader Peter Brandt highlighted that Bitcoin’s advance has fractured after failing to hold support following October highs. He warned that this breakdown could trigger “exponential decay” since each bull cycle has yielded smaller gains. Based on historical precedents, Bitcoin could see a drop to US$25,000.

Ether (ETH) was priced at US$2,930.31, down by 5.1 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.89, down by 5.2 percent over 24 hours.
  • Solana (SOL) was trading at US$125.43, down by 3.6 percent over 24 hours.

Crypto derivatives and market indicators

Bitcoin futures open interest rose slightly to US$59.63 billion, while Ether open interest dipped to US$38.2 billion, signaling modest Bitcoin accumulation amid Ether caution.

Heavy long liquidations confirm capitulation selling pressure. Positive funding rates show some bulls hanging on despite pain, but a relative strength index of 27.03 marks extreme fear, historically preceding sharp reversals in crypto.

Elevated Bitcoin funding rates reflect pricier long bias persisting, but decay could accelerate if shorts pile in.

Overall market sentiment skews fearful, with Bitcoin holding firmer than Ether.

Today’s crypto news to know

Strategy expands Bitcoin holdings amid price slump

Michael Saylor’s Strategy (NASDAQ:MSTR) announced on Monday that it has acquired an additional 10,645 BTC for US$980.3 million, paying an average price of $92,098 per coin.

That brings Strategy’s total holdings to 671,268 BTC. “As of 12/14/2025, we hodl 671,268 $BTC acquired for ~$50.33 billion at ~$74,972 per bitcoin,” the company said in an X post.

JPMorgan launches tokenized money market fund

JPMorgan Chase’s (NYSE:JPM) US$4 trillion asset management arm is launching its first tokenized money market fund, the My OnChain Net Yield Fund, on the public Ethereum blockchain. The fund runs on JPMorgan’s Kinexys platform as a private placement under Rule 506(c), targeting institutions via the Morgan Money trading system.

“Active management and innovation are at the heart of how we deliver new solutions for investors navigating today’s financial landscape,” said George Gatch, CEO of JP Morgan Asset Management. “By harnessing technology alongside our deep expertise in active management, we’re able to provide clients with advanced, innovative, and cost-effective capabilities that help them achieve their investment goals.”

Bitget launches TradFi private beta for traditional assets

Monday saw Bitget announce the private beta launch of Bitget TradFi, a new feature enabling crypto users to open bets on traditional assets using the stablecoin USDT. Fees start at US$0.09 per lot.

Positions will be margined and settled in USDT, eliminating the need for separate brokers or currency conversions, with up to 500x leverage, a tight spread and regulation by Mauritius’ Financial Services Commission.

“The shift in wealth management is happening now, assets that were previously only available on certain niche markets are now on Bitget,’ said Gracy Chen, CEO of Bitget, in the company’s announcement

‘This is historic; crypto, stocks, gold, forex and commodities now coexist under a single system. This is what a universal exchange merging wealth management under a roof looks like; it’s now present-day finance.’

UK moves to place crypto firms under full regulation

UK officials are preparing legislation that would move crypto companies fully inside the country’s financial regulatory framework. According to the Guardian, the plan involves putting crypto service providers under regulation like other financial firms, subject to the Financial Conduct Authority’s rules on consumer protection, governance, transparency and market conduct. Treasury officials say the shift is meant to close longstanding gaps as crypto activity becomes more entwined with mainstream finance rather than operating at the regulatory edges.

Legislation is expected by October 2027 to give firms time to adjust to the more demanding compliance environment.

If enacted, the move would mark a structural change for UK-based crypto startups, which until now have largely operated without full product-level regulation.

HashKey prices Hong Kong IPO at top end at US$206 million

HashKey Holdings, Hong Kong’s largest licensed crypto exchange, is set to raise about US$206 million after pricing its initial public offering near the top of its marketed range, according to a source familiar with the deal.

The company priced shares at 6.68 Hong Kong dollars, valuing the exchange operator as it prepares to debut on the Hong Kong Stock Exchange on Wednesday (December 17). HashKey operates across trading, asset management, brokerage and tokenization, and runs the city’s biggest regulated crypto exchange.

While Mainland China continues to warn against crypto speculation, Hong Kong has taken the opposite approach, positioning itself as a regulated gateway for digital finance.

North Korean hackers drain wallets using fake online meetings

North Korean cybercrime groups are using fake Zoom (NASDAQ:ZOOM) and Microsoft (NASDAQ:MSFT) Teams meetings to steal crypto, draining more than US$300 million through the tactic so far, according to security researchers.

According to CryptoNews, the scam typically starts with a message from a compromised Telegram account that appears to belong to someone the victim already knows. Victims are then invited to what looks like a legitimate video call, complete with convincing video feeds that are actually pre-recorded footage.

During the call, attackers claim there is an audio problem and send a supposed software “patch” that installs malware. The malware can extract passwords, private keys and internal security data, allowing attackers to empty crypto wallets.

Global crypto thefts have already surpassed US$2 billion this year, with North Korea-linked groups remaining among the most active and sophisticated actors in the space.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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Walker Lane Announces Board Update

Investing 7 Mins Read

TSX-V: WLR

Frankfurt: 6YL

 Walker Lane Resources Ltd. (TSXV: WLR,OTC:CMCXF) (Frankfurt: 6YL) ‘Walker Lane’) announces the resignation of John Land as a Director of the Company and the appointment of Mr. Kevin Brewer, Director and CEO as interim Chairman of the Board.

The Board wishes to thank Mr. Land for his significant contribution to the Company. 

About Walker Lane Resources Ltd.

Walker Lane Resources Ltd. is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. and other property assets in Yukon. The Company intends to initiate an aggressive exploration program to advance the Tule Canyon (Walker Lane, Nevada) and Amy (Rancheria Silver District, B.C.) projects through drilling programs with the aim of achieving resource definition in the near future.

On behalf of the Board:
‘Kevin Brewer’
Kevin Brewer, President, CEO and Director
Walker Lane Resources Ltd.

Cautionary and Forward Looking Statements

This press release and related figures, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘anticipate’, ‘plans’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘should’, ‘believe’ ‘targeted’, ‘can’, ‘anticipates’, ‘intends’, ‘likely’, ‘should’, ‘could’ or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its properties including Silverknife and Amy properties in British Columbia, the Silver Hart, Blue Heaven and Logjam properties in Yukon and the Bridal Veil property in Newfoundland and Labrador all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. (OTC-US: NBRI) and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remain subject to the condition of the option of the Silverknife property with Coeur Mining Inc. (TSX:CDE). These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company’s properties is reliable; the Company’s operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company’s properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company’s current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate.

Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company’s public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company’s control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company.

The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes ‘future-oriented financial information’ or ‘financial outlooks’ within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company’s actual financial position and results of operations may differ materially from management’s current expectations and, as a result, the Company’s revenue and expenses. The Company’s financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company’s accountants or auditors. The Company’s financial projections represent management’s estimates as of the dates indicated thereon.

SOURCE Walker Lane Resources Ltd

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