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Editor’s Picks: Gold Sets New Price Record, Silver Hits 14 Year High

It’s been a historic week for precious metals, with gold nearly hitting the US$3,600 per ounce mark, and silver passing US$41 per ounce for the first time since 2011.

The gold price spent the summer in a consolidation phase, and part of what’s spurring its latest move is expectations that the US Federal Reserve will lower interest rates at its next meeting.

The central bank has held rates steady since December 2024, even as President Donald Trump places increasing pressure on Fed Chair Jerome Powell to cut.

Powell’s August 22 speech in Jackson Hole, Wyoming, began stoking anticipation of a cut, and August US jobs data, released on Friday (September 5), has all but guaranteed it will happen.

Non-farm payrolls were up by 22,000, significantly lower than the 75,000 expected by economists. Meanwhile, the country’s unemployment rate came in at 4.3 percent.

CME Group’s (NASDAQ:CME) FedWatch tool now shows a 90.2 percent probability of a 25 basis point rate cut in September, with a 9.8 percent probability of a 50 basis point reduction.

Bond market turmoil also helped move the gold price this week.

Yields for 30 year US bonds rose to nearly 5 percent midway through the period, their highest level since mid-July, on the back of a variety of concerns, including tariffs, inflation and Fed independence.

Globally the situation was even more tumultuous, with 30 year UK bond yields reaching their highest point since 1998; meanwhile, 30 year bond yields for German, French and Dutch bonds rose to levels not seen since 2011. In Japan, 30 year bond yields hit a record high.

Tariff developments have also created uncertainty this past week.

After an appeals court upheld a ruling that many of Trump’s tariffs are illegal, the president’s administration asked the Supreme Court to fast track its review of the decision.

Going back to gold and silver, their recent price activity is certainly raising questions about what’s next. The broad consensus among the experts focused on the sector is positive, but the metals are beginning to get more mainstream attention too.

Notably, investment bank Goldman Sachs (NYSE:GS) now has a gold price prediction of US$4,000 by mid-2026, although the firm notes that the yellow metal could rise to nearly US$5,000 if just 1 percent of private investors shift from treasuries to gold.

‘If 1 per cent of the privately owned US Treasury market were to flow to gold, the gold price would rise to nearly $5,000 per troy ounce’ — Daan Struyven, Goldman Sachs

Bullet briefing — Hoffman on gold, Hathaway on silver

It’s been a short week, at least in North America, so instead of the usual news stories this bullet briefing will highlight a couple of my favorite recent interviews.

Nothing in gold’s path

First is Ken Hoffman of Red Cloud Securities. It was my first time speaking with Hoffman, and he made a compelling case for how gold could get to US$10,000.

Watch the full interview with Hoffman above.

Silver a ‘smouldering volcano’

Next is John Hathaway of Sprott. He shared what he thinks will be the trigger for gold’s next move higher — a major decline in equities — but he also discussed his bullish outlook on silver, which moved past US$40 not long after our interview.

Watch the full interview with Hathaway above.

We’re definitely entering uncharted territory right now, and I want to make sure I bring you commentary from the experts you want to hear from — drop a comment below to let me know who you’d like me to talk to, and also what questions you have.

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

This post appeared first on investingnews.com

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Mortgage rates see biggest one-day drop in over a year

The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report.

It’s the lowest rate since Oct. 3 and the biggest one-day drop since August 2024. Rates are finally breaking out of the high 6% range, where they’ve been stuck for months.

“This was a pretty straightforward reaction to a hotly anticipated jobs report,” said Mortgage News Daily Chief Operating Officer Matt Graham. “It’s a good reminder that the market gets to decide what matters in terms of economic data, and the bond market has a clear voting record that suggests the jobs report is always the biggest potential source of volatility for rates.”

Graham said in a post on X that many lenders are “priced better” than Oct. 3 and would be quoting in the high 5% range.

The drop is a major change from May, when the rate on the 30-year fixed peaked at 7.08%. It’s big for buyers out shopping for a home today, especially given high home prices.

Take, for example, someone purchasing a $450,000 home, which is just above August’s national median price, using a 30-year fixed mortgage with a 20% down payment. Not including taxes or insurance, the monthly payment at 7% would be $2,395. At 6.29%, that payment would be $2,226, a difference of $169 per month.

That might not sound like a lot to some, but it can mean the difference in not just affording a home, but qualifying for a mortgage.

Homebuilder stocks reacted favorably Friday, with names like Lennar, DR Horton and Pulte all up roughly 3% midday. Homebuilding ETF ITB has been running hot for the last month as rates slowly moved lower. It’s up close to 13% in the past month.

The big question is whether the drop in rates will be enough to get homebuyers back in the market.

Mortgage demand from homebuyers, an early indicator, have yet to respond to gradually improving rates. Applications for a mortgage to purchase a home last week were 6.6% lower from four weeks before, according to the Mortgage Bankers Association.

“Homebuyers grapple with a lack of affordability, sellers contend with more competition, and builders deal with lower buyer demand,” Danielle Hale, chief economist at Realtor.com, said Friday in a statement after the release of the August employment report. “These conditions haven’t spelled catastrophe, but have created a cruel summer for the housing market.”

Some analysts have argued that buyers need to see mortgage rates in the 5% range before it really makes a difference. Home prices remain stubbornly high, and while the gains have definitely cooled, they are not yet coming down on a national level. In addition, uncertainty about the state of the economy and the job market has left many would-be buyers on the sidelines.

This post appeared first on NBC NEWS

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Altech Batteries LtdBearer Bond Funds Received

Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce that it has received EUR1M in funds from the remaining Bearer Bond facility in place with major shareholder Deutsche Balaton. The original facility was for EUR2.5M and this has now been adjusted by mutual agreement to EUR2M. The full EUR2M has now been drawn down.

As announced to the ASX on 25 March 2025, the Company advised that it is in the process of selling its Malaysian land to help fund the ongoing development of the CERENERGY(R) battery project and the Silumina Anodes(TM) battery materials project, as well as to support general working capital requirements.

The Company also announced that it had entered into a binding Bond Note Subscription Deed with its major shareholder Deutsche Balaton AG, under which Altech could drawdown up to EUR2.5M in cash in the form of interest-bearing Bearer Bonds.

As the Bond Note Subscription Deed involved the Company granting a security interest over the Company’s Malaysian land, shareholder approval was required. The Company convened a General Meeting on 13 May 2025 and shareholders approved all Resolutions put to the General Meeting. The Company then applied to have the Malaysian land security registered with the relevant land authority, being Johor Corp. Although there were no laws or regulations precluding Johor Corp from registering the land security, it considered Deutsche Balaton AG a ‘non-lending foreign entity’ and advised that accordingly it was not comfortable in registering the land security.

The Company’s wholly owned subsidiary Altech Chemicals Sdn. Bhd. is the holder of the lease agreement over the Malaysian land. The only asset of value within Altech Chemicals Sdn. Bhd. is the lease agreement over the Malaysian land. In order to provide the security to Deutsche Balaton AG so as to drawdown the Bearer Bonds, the Company enforced security over the shares of Altech Chemicals Sdn. Bhd. in favour of Deutsche Balaton AG in lieu of the land security.

On 20 August 2025, the Company’s wholly owned subsidiary Altech Chemicals Australia Pty Ltd (shareholder of Altech Chemicals Sdn. Bhd.) executed a Share Charge with Deutsche Balaton AG in connection with the Bond Note Subscription Deed. Pursuant to the Share Charge, Altech Chemicals Australia Pty Ltd has offered as a continuing Security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed, charged all its rights, title and interest to all of the shares held in Altech Chemicals Sdn. Bhd. in favour of Deutsche Balaton AG. The Security is a continuing security and will extend to the ultimate balance of the due and punctual payment of all the requirements of the Bond Note Subscription Deed.

On 20 August 2025, the Company executed an Amendment Deed to the Bond Note Subscription Deed. Under the terms of the Amendment Deed, the agreed amount of bonds available to be drawdown was reduced from EUR2.5M to EUR2.0M. Additionally, the Company’s Meckering land was offered as additional security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed.

Altech Meckering Pty Ltd, the Company’s wholly owned subsidiary and holder of the Meckering land, has entered into a mortgage over the Meckering Land in favour of Deutsche Balaton AG as a continuing Security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed.

About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

Source:
Altech Batteries Ltd

Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

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Paramount mandates 5-day-a-week return to office ahead of major cost cuts

David Ellison continues to put his stamp on Paramount after its acquisition by Skydance.

The CEO and chairman told employees Thursday that they will be expected to work in the office five days a week starting Jan. 5, 2026, according to a memo obtained by CNBC. Employees who do not wish to make the transition can seek a buyout starting Thursday and until Sept. 15.

“To achieve what we’ve set out to do — and to truly unlock Paramount’s full potential — we must make meaningful changes that position us for long-term success,” Ellison wrote to staffers. “These changes are about building a stronger, more connected, and agile organization that can deliver on our goals and compete at the highest level. We have a lot to accomplish and we’re moving fast. We need to all be rowing in the same direction. And especially when you’re dealing with a creative business like ours, that begins with being together in person.”

The move could help Paramount thin the herd ahead of looming staffing cuts.

Variety reported last month that the company is expected to lay off between 2,000 and 3,000 employees as part of its postmerger cost-cutting measures. These cuts are slated for early November, Variety reported.

Paramount is looking to take $2 billion in costs out of the conglomerate amid advertising losses and industrywide struggles with traditional cable networks.

Phase one of Ellison’s back-to-work plan will see employees in Los Angeles and New York returning to a full five-day workweek in the new year.

Phase two will focus on offices outside LA and New York, including international locations. A similar buyout program will be offered in 2026 for those who operate in these locations.

“We recognize this represents a significant change for many, and we’re committed to supporting you throughout this transition,” Ellison wrote. “We will work closely with managers to ensure you have the time and flexibility to make the necessary adjustments.”

This post appeared first on NBC NEWS

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Osisko Intersects 1117.5 Metres Averaging 0.25% Cu at Gaspé

Osisko Metals Incorporated (the ‘ Company or ‘ Osisko Metals ‘) ( TSX: OM,OTC:OMZNF ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec.

Osisko Metals Chief Executive Officer Robert Wares commented: ‘ Drill hole 30-1097 produced our longest intersection so far, returning 1117 metres of continuous mineralization from the top of Copper Mountain, located in the heart of the deposit. With 10 drills on site, we have completed over 65,000 metres of the drill program to date, and will continue the current program of infill and expansion drilling until December. The updated MRE is well on track to be released in Q1 2026. ‘

New analytical results are presented below (see Table 1), including 19 mineralized intercepts from 6 new drill holes. Infill intercepts are located inside the 2024 MRE model ( see November 14, 2024 news release ), and are focused on upgrading inferred mineral resources to measured or indicated categories, as applicable. Expansion intercepts are located outside the 2024 MRE model and may potentially lead to additional resources that will be classified appropriately within the next MRE update. Some of the reported intercepts have contiguous shallower infill as well as deeper expansion (noted on Table 1 below as ‘Both’). Maps showing hole locations are available at www.osiskometals.com .

Highlights:

  • Drill hole 30-1097
    • 1117.5 metres averaging 0.25% Cu (infill and expansion)
  • Drill hole 30-1100
    • 228.5 metres averaging 0.25% Cu (infill and expansion)
  • Drill hole 30-1101
    • 148.5 metres averaging 0.32% Cu (infill)
  • Drill hole 30-1104
    • 792.0 metres averaging 0.20% Cu (infill and expansion)
  • Drill hole 30-1105
    • 110.5 metres averaging 0.20% Cu (infill)
    • 288.0 metres averaging 0.19% Cu (expansion)

Table 1: Infill and Expansion Drilling Results

DDH No. From (m) To (m) Length (m) Cu % Ag g/t Mo % CuEq* Type**
30-1097 87.0 1204.5 1117.5 0.25 1.81 0.022 0.35 Both
(including) 87.0 778.5 691.5 0.24 2.05 0.019 0.33 Infill
(including) 778.5 1204.5 426.0 0.27 1.42 0.028 0.38 Expansion
30-1100 81.0 119.0 38.0 0.15 1.11 0.16 Infill
And 137.0 180.0 43.0 0.25 1.64 0.013 0.31 Infill
And 322.5 551.0 228.5 0.25 1.61 0.013 0.31 Both
And 677.8 805.0 127.2 0.15 0.82 0.012 0.20 Expansion
And 862.8 974.5 111.7 0.17 1.24 0.010 0.22 Expansion
30-1101 58.0 111.0 53.0 0.24 5.21 0.27 Infill
And 156.0 304.5 148.5 0.32 2.52 0.34 Infill
And 493.5 521.2 27.7 0.36 1.85 0.37 Expansion
30-1102 516.0 567.0 51.0 0.36 3.62 0.38 Expansion
And 781.5 858.0 76.5 0.03 0.19 0.077 0.32 Expansion
And 880.5 930.0 49.5 0.46 2.81 0.48 Expansion
30-1104 4.5 32.0 27.5 0.12 0.48 0.12 Infill
And 54.0 85.0 31.0 0.14 0.66 0.14 Infill
And 177.0 969.0 792.0 0.20 1.33 0.015 0.26 Both
(including) 177.0 567.5 390.5 0.18 1.49 0.013 0.23 Infill
(including) 567.5 969.0 401.5 0.22 1.17 0.017 0.29 Expansion
30-1105 16.0 79.0 63.0 0.19 1.94 0.20 Infill
And 122.0 232.5 110.5 0.20 1.30 0.21 Infill
And 261.8 355.5 93.7 0.25 1.72 0.009 0.30 Both
And 378.0 666.0 288.0 0.19 2.03 0.012 0.25 Expansion

* See explanatory notes below on copper equivalent values and Quality Assurance/Quality Controls.
** ‘Both’ indicates drill holes that have contiguous shallower infill as well as deeper expansion intercepts.

Discussion

Drill hole 30-1097, located on top of Copper Mountain near the central part of the 2024 MRE model, intersected 1117.5 metres averaging 0.25% Cu, 0.022% Mo, and 1.81 g/t Ag that included expansion at depth of 426.0 metres averaging 0.27% Cu, 0.028% Mo, and 1.42 g/t Ag. This hole extends mineralization near the centre of the deposit to a vertical depth of 1,204 metres.

Drill hole 30-1100, near the southwestern margin of the 2024 MRE model, intersected five separate mineralized intervals, including 228.5 metres averaging 0.25% Cu, 0.013% Mo, and 1.61 g/t Ag (infill and expansion). This was followed by 127.2 metres averaging 0.15% Cu, 0.012% Mo, and 0.82 g/t Ag and then by another 111.7 metres averaging 0.17% Cu, 0.010% Mo, and 1.24 g/t Ag (both expansion), extending mineralization to a vertical depth of 975 metres.

Drill holes 30-1101 and 30-1102, both located near the eastern margin of the 2024 MRE model, intersected several, relatively short mineralized intervals that were 27 to 76 metres long, with the exception of one 148.5 metre interval (30-1101) that averaged 0.32% Cu and 2.52 g/t Ag (infill). These holes, along with several other previously reported holes, confirm the currently defined eastern margin of the 2024 MRE model.

Drill hole 30-1104, located near the west-central portion of the 2024 MRE model, intersected two short (28 and 31 metres) intervals followed by 792.0 metres averaging 0.20% Cu, 0.015% Mo and 1.33 g/t Ag that included expansion at depth of 401.5 metres averaging 0.22% Cu, 0.017% Mo, and 1.17 g/t Ag. This hole extends mineralization in this area to a vertical depth of 969 metres.

Drill hole 30-1105, located in the southwestern portion of the 2024 MRE model, intersected 110.5 metres averaging 0.20% Cu and 1.30 g/t Ag (infill), followed by 93.7 metres averaging 0.25% Cu and 1.72 g/t Ag (infill and expansion), followed by a third intersection of 288.0 metre averaging 0.19% Cu, 0.012% Mo, and 2.03 g/t Ag (expansion), extending mineralization to a vertical depth of 666 metres.

Mineralization at Gaspé Copper is of porphyry copper/skarn type and occurs as disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite and minor bornite and molybdenite. At least five retrograde vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier prograde skarn and porcellanite-hosted mineralization throughout the Gaspé Copper system. Porcellanite is a historical mining term used to describe bleached, pale green to white potassic-altered hornfels. Subvertical stockwork mineralization dominates at Copper Mountain whereas prograde bedding-replacement mineralization, that is mostly stratigraphically controlled, dominates in the area of Needle Mountain, Needle East, and Copper Brook. High molybdenum grades (up to 0.5% Mo) were locally obtained in both the C Zone and E Zone skarns away from Copper Mountain.

The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain stockwork mineralization ( see May 6, 2024 MRE press release ). Extending the resource model south of Copper Mountain into the poorly-drilled prograde skarn/porcellanite portion of the system subsequently led to a significantly increased resource, mostly in the Inferred category ( see November 14, 2024 MRE press release ).

The current drill program is designed to convert the November 2024 MRE to Measured and Indicated categories, as well as test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively. The November 2024 MRE was limited at depth to the base of the L1 skarn horizon (C Zone), and all mineralized intersections below this horizon represent potential depth extensions to the deposit, to be included in the next scheduled MRE update in Q1 2026.

All holes are being drilled sub-vertically into the altered calcareous stratigraphy which dips 20 to 25 degrees to the north. The L1 (C Zone) the L2 (E Zone) skarn/marble horizons were intersected in most holes, as well as intervening porcellanites that host the bulk of the disseminated copper mineralization.

Table 2: Drill hole locations

DDH No. Azimuth (°) Dip (°) Length (m) UTM E UTM N Elevation
30-1097 0.00 -90.00 1224.0 316150.0 5426416.0 742.3
30-1100 0.00 -90.00 987.0 315825.0 5426193.0 619.4
30-1101 0.00 -90.00 592.0 316612.0 5425837.0 593.3
30-1102 0.00 -90.00 930.0 316595.0 5426284.1 603.7
30-1104 0.00 -90.00 999.0 315700.0 5426358.0 592.1
30-1105 0.00 -90.00 819.0 316104.0 5425877.0 586.9


Explanatory note regarding copper-equivalent grades

Copper Equivalent grades are expressed for purposes of simplicity and are calculated taking into account: 1) metal grades; 2) estimated long-term prices of metals: US$4.25/lb copper, $20.00/lb molybdenum, and US$24/oz silver; 3) estimated recoveries of 92%, 70%, and 70% for Cu, Mo, and Ag respectively; and 4) net smelter return value of metals as percentage of the price, estimated at 86.5%, 90.7%, and 75.0% for Cu, Mo, and Ag respectively.

Qualified Person

The scientific and technical content of this news release has been reviewed and approved by Mr. Bernard-Olivier Martel, P. Geo. (OGQ 492), an independent ‘qualified person’ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’).

Quality Assurance / Quality Control

Mineralized intervals reported herein are calculated using an average 0.12% CuEq lower cut-off over contiguous 20-metre intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals). Intervals of 20 metres or less are not reported unless indicating significantly higher grades .   True widths are estimated at 90 – 92% of the reported core length intervals.

Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including insertion of blanks and standards in the sample stream. Drill core is drilled in HQ or NQ diameter and securely transported to its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to ALS Canada Ltd.’s preparation facility in Sudbury. Sample preparation details (code PREP-31DH) are available on the ALS Canada website. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for Cu, Mo and Ag.

About Osisko Metals

Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec ‘ s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt averaging 0.34% CuEq and Inferred Mineral Resources of 670 Mt averaging 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals’ November 14, 2024 news release entitled ‘Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper’. Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.

In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada ‘ s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals ‘ June 25, 2024 news release entitled ‘Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq’. The Pine Point project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical substation and 100 kilometres of viable haul roads.

For further information on this news release, visit www.osiskometals.com or contact:

Don Njegovan, President
Email: info@osiskometals.com
Phone: (416) 500-4129

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves 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’, ‘potential’, ‘feasibility’, ‘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, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction decision (if at all); the ability to increase the Company’s trading liquidity and enhance its capital markets presence; the potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in eastern North America.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.ca) under Osisko Metals’ issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accept 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.

Figures accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d9ceeb48-c38d-45dc-a5ec-f96863709f4a
https://www.globenewswire.com/NewsRoom/AttachmentNg/2df9a7aa-2f59-4631-b9dc-e4794a30e22b

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

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Disney to pay $10 million to settle FTC complaint over collection of children’s data on YouTube

The Walt Disney Company will pay $10 million to settle Federal Trade Commission allegations that it enabled the unlawful collection of children’s personal data on YouTube.

The FTC claimed the company allowed data to be collected from kids who viewed videos directed at children on YouTube without notifying parents or obtaining their consent.

The complaint alleged that Disney violated the Children’s Online Privacy Protection Rule by not labeling some YouTube videos as being made for children. The agency claimed the company was able to collect data from viewers of child-directed content who were under the age of 13 and use it for targeted advertising.

In 2019, after a settlement with the FTC, YouTube began requiring content creators to list whether uploaded videos were “made for kids” or “not made for kids.” The designation ensures that personal information is not collected from the “made for kids” videos and personalized ads will not be served to viewers. Comments are also disabled on those videos.

The proposed settlement would require Disney to pay a $10 million civil penalty, comply with the children’s data protection rule and implement a program to review whether videos posted to YouTube should be designated as “made for kids.”

“Supporting the well-being and safety of kids and families is at the heart of what we do,” the company said in a statement obtained by CNBC. “This settlement does not involve Disney owned and operated digital platforms but rather is limited to the distribution of some of our content on YouTube’s platform. Disney has a long tradition of embracing the highest standards of compliance with children’s privacy laws, and we remain committed to investing in the tools needed to continue being a leader in this space.”

Axios was the first to report the settlement.

This post appeared first on NBC NEWS

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Questcorp Mining Receives Permit Exemption for IP Survey at North Island Copper

Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce it has received a permit exemption under the British Columbia Mines Act to undertake a 10 to 15 line km induced polarization (IP) survey at the Company’s 1,168 hectare North Island Copper project near Port Hardy on Vancouver Island, British Columbia.

Surface sampling and a preliminary 12.3-line km Induced Polarization (IP) survey in the 1990’s identified an interesting chargeability anomaly at the historic Marisa Zone that was followed up by a five hole, 376.43 diamond drilling program. Two of the five holes hit interesting copper values including down hole intervals of 0.078% copper over 56.39 metres in DDH92-01 and 0.041% copper over 70.71 metres in DDH92-03 in an altered quartz diorite. Copper grades were increasing with depth in DDH92-03. The Company plans to follow up these historic results.

‘NorthIsle Copper and Gold Inc. continues to produce excellent exploration results 15km to the west in the same belt of rocks that also hosts the past producing Island Copper Mine 7.5km to the southeast attesting to the tremendous exploration potential of the area’, commented Questcorp, President & CEO, Saf Dhillon. ‘The Marisa Zone displays a strong historic IP signature and anomaly carrying encouraging copper numbers from very limited drilling, begging for a second pass with modern geophysical equipment and processing,’ he concluded.

Questcorp has received quotes from three different geophysical contracting firms to update the 35 year old IP survey utilizing modern equipment and data processing. The Company is reviewing the quotes and plans to select the contractor shortly.

Questcorp cautions investors a Qualified Person has not verified the historical exploration data and further cautions, the presence of copper mineralization on the NorthIsle Copper and Gold and the BHP properties is not necessarily indicative of similar mineralization on the North Island Copper property.

The technical content of this news release has been reviewed and approved by R. Tim Henneberry’, P.Geo (BC) a Director of the Company and a Qualified Person under National Instrument 43-101.

About Questcorp Mining Inc.

Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island, B.C., subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.

ON BEHALF OF THE BOARD OF DIRECTORS,

Saf Dhillon
President & CEO

Questcorp Mining Inc.
saf@questcorpmining.ca
Tel. (604-484-3031)

Suite 550, 800 West Pender Street
Vancouver, British Columbia
V6C 2V6.

Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding completion of survey work at the North Island Copper project. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264915

News Provided by Newsfile via QuoteMedia

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In Business

U.S. judge orders Google to share search data with competitors

Alphabet’s Google must share data with rivals to open up competition in online search, a judge in Washington ruled on Tuesday, while rejecting prosecutors’ bid to make the internet giant sell off its popular Chrome browser and Android operating system.

Google CEO Sundar Pichai expressed concerns at trial in the case in April that the data-sharing measures sought by the U.S. Department of Justice could enable Google‘s rivals to reverse-engineer its technology.

Google has said previously that it plans to file an appeal, which means it could take years before the company is required to act on the ruling.

U.S. District Judge Amit Mehta also barred Google from entering into exclusive agreements that would prohibit device makers from preinstalling rival products on new devices.

Google had argued that loosening its agreements with device makers, browser developers and mobile network operators was the only appropriate remedy in the case. Its most recent deals with device makers Samsung Electronics and Motorola and wireless carriers AT&T and Verizon allow them to load rival search offerings, according to documents shown at trial in April.

The ruling results from a five-year legal battle between one of the world’s most profitable companies and its home country, the U.S., where Mehta ruled last year that the company holds an illegal monopoly in online search and related advertising.

At a trial in April, prosecutors argued for far-reaching remedies to restore competition and prevent Google from extending its dominance in search to artificial intelligence.

Google said the proposals would go far beyond what is legally justified and would give away its technology to competitors.

In addition to the case over search, Google is embroiled in litigation over its dominance in other markets.

The company recently said it will continue to fight a ruling requiring it to revamp its app store in a lawsuit won by “Fortnite” maker Epic Games.

And Google is scheduled to go to trial in September to determine remedies in a separate case brought by the Justice Department where a judge found the company holds illegal monopolies in online advertising technology.

The Justice Department’s two cases against Google are part of a larger bipartisan crackdown by the U.S. on Big Tech firms, which began during President Donald Trump’s first term and includes cases against Meta Platforms, Amazon and Apple.

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In Investing

Locksley Resources LimitedStrengthens Leadership to Accelerate Growth Strategy

Perth, Australia (ABN Newswire) – Locksley Resources Ltd (ASX:LKY) (OTCMKTS:LKYRF) is pleased to announce the appointment of Mr Pat Burke as Non-Executive Chairman. Mr Burke brings proven experience and success in advancing rare earth element (REE) projects and has significant corporate governance expertise, ASX listed leadership experience and a strong track record in the resources sector.

In his role as Executive Chairman of Meteoric Resources NL (ASX:MEI), MC ~$370m, he oversaw the transformative acquisition and advancement of the Caldeira ionic clay REE project in Brazil, one of the world’s largest high grade ionic clay rare earth deposits. Mr Burke was actively involved in all aspects of the project’s initial progression, including negotiations with government agencies, local partners and funders.

He is a qualified lawyer, with over 20 years legal and corporate advisory experience. Mr Burke’s legal expertise is in corporate, commercial and securities law. His corporate advisory experience includes identification of acquisition targets, deal structuring and financing and project development.

He has held Board roles across numerous ASX companies, as well as AIM and NASDAQ-listed companies, including Mandrake Resources and Vulcan Energy Resources.

Locksley is entering a significant growth phase as it advances its Mine to Market Strategy. In conjunction with Mr Burke’s appointment, Mr Nathan Lude will transition from Chairman to the newly created role of Head of Strategy, Capital Markets & Commercialisation. This reflects the Company’s focus on advancing its U.S. minerals projects, processing pathways and downstream critical minerals and technology initiatives. In this role Mr Lude will dedicate his time to:

Downstream Technology & Commercialisation

– Coordinating Locksley’s collaboration with Rice University to fast-track antimony extraction, processing and energy storage innovation

– Securing commercial licensing opportunities, pilot site identification, and deployments

– Driving the establishment and contributions of Locksley’s U.S. subsidiary and Advisory Board

Strategic Partnerships & Government Engagement

– Building strategic partnerships and alliances with U.S. defense, energy, and targeted technology sectors

– Coordinating engagement through GreenMet, including submissions to U.S. federal and state government programs and funding opportunities such as the DOE, DoD, and EXIM Bank

Capital Markets & Investor Growth

– Overseeing marketing, investor relations, and public relations

– Coordinating with ASX funds and investors, while expanding the U.S. investor base via OTCQB

– Assessing growth pathways to OTCQX, NASDAQ, SPAC structures, and Frankfurt listing

Mr Lude commented:

‘Locksley has rapidly advanced its growth strategy in recent months, advancing both upstream project development and new downstream opportunities. This change allows me to focus on our Mine to Market initiatives in the U.S., where our projects and partnerships can meaningfully strengthen America’s critical minerals supply chain. With Pat leading the Board, drawing on his experience and success in identifying and advancing the Meteoric REE opportunity and his deep industry knowledge on critical minerals, I can dedicate my time to building the business foundations for Locksley’s next phase of investor growth.’

Mr Burke commented:

‘Locksley’s integrated approach from resource development through to downstream processing and advanced applications is well aligned with the current U.S. focus on secure, strategic critical minerals supply chains. I look forward to working with the Board and management to advance the Company’s portfolio and deliver value for shareholders.’

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY) (OTCMKTS:LKYRF) is an ASX-listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development of critical minerals for U.S.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 240 claims across two contiguous prospect areas, namely, the North Block-Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With surface samples grading up to 46% Sb as well as silver up to 1,022 g/t Ag, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Source:
Locksley Resources Limited

Contact:
Nathan Lude
Chairman
Locksley Resources Limited
T: +61 8 9481 0389

News Provided by ABN Newswire via QuoteMedia

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Basin Energy

Investor Insight

Basin Energy offers uranium and rare earth exposure through high conviction exploration projects within tier-1 jurisdictions.

The group’s primary focus is the testing of district scale uranium and rare earth potential at the Sybella Barkly project, located directly west of the prolific mining town of Mount Isa, in northwest Queensland. These projects are deemed prospective for roll-front uranium, shear hosted hard rock uranium, sediment/ionic clay hosted rare earth elements and for hard rock rare earths. Evidence in support of this comes from the direct proximity and geological analogies to both ASX Paladin Energy’s Valhalla uranium deposit and its uranium source, the Sybella Batholith and for rare earth potential adjacent to ASX Red Metal’s Sybella Discovery.

The company also provides strategic exposure to three projects in Canada’s Athabasca Basin, the heartland of uranium exploration, where it is partnered with TSXV CanAlaska uranium and has a strategic early mover position in the emerging energy metals districts of Sweden and Finland ranked 6 and 1, respectively on the Fraser index in 2024.

With a technically driven exploration focus for uranium and rare earth minerals within tier-one jurisdictions, Basin Energy is well-positioned to capitalize on the global push for clean energy.

Overview

District Scale Uranium and Rare Earths Opportunity – Queensland Australia

Basin holds 5,958 sq km of exploration tenure in the Mount Isa district of northwest Queensland. The projects provide compelling walk-up drill targets that can be rapidly and cost-effectively tested using air core and reverse circulation (RC) drilling.

The drill-ready, district scale opportunity includes:

  • Paleochannel roll front uranium
  • Sediment and ionic clay hosted rare earth elements
  • Hard rock, granite hosted rare earth elements

In addition to these three district-scale targets, the project area contains multiple shear-hosted Valhalla-style uranium targets defined for immediate assessment.

Project location map

The primary model is based on mineralisation sourced from the various granites of the Sybella Batholith, a large north-south trending igneous body containing zones enriched in rare earth elements. This includes the Red Metal (ASX:RDM) giant Sybella Discovery. Several granites from the Sybella are also uranium rich, potentially being the source of Paladin Energy’s (ASX:PDN) Valhalla deposits.

The projects cover an extensive portion of the Sybella Batholith, deemed prospective for granite-hosted REEs, as well as a significant landholding west of the Sybella, known as the Barkly Tablelands. The Barkly Tablelands are regarded as prospective for sediment-hosted mineralisation and was surveyed with airborne electromagnetics (AEM) by Summit Resources in February 2007, prior to its acquisition by Paladin Energy. Whilst numerous targets were identified, no drilling was completed at the time. Importantly, past exploration focused mainly on base metals, phosphate and water bores, meaning the uranium and rare earth potential remains virtually untouched.

Prospective target concepts

Paleochannel Roll-Front Uranium Potential – District Scale Target 1

The Summit Resources AEM survey identified an extensive network of paleochannels within the Barkly Tablelands, fed from the uranium-rich Sybella Batholith. This network trends south beyond the limits of existing survey data, suggesting even further potential remains to be identified.

Historical drilling in the area noted geological features typically associated with uranium deposits, such as redox fronts, sandstone channels and impermeable cap rocks. However, no uranium assays were conducted at the time.

Given the Sybella granites are considered the potential source of Paladin’s nearby Valhalla uranium deposits, Basin believes significant uranium will have also been transported into these paleochannels through erosion and chemical leaching processes. Previous work by Summit Resources and Furgo has already prioritised several high-potential targets. Basin plans to complete a first pass aircore drilling program to delineate this potential in Q4 2025.

Ternary radiometrics and AEM conductivity depth slice (paleochannels are projected to surface)

Sediment and Ionic Clay Hosted REE Potential – District Scale Target 2

Surface and auger geochemistry sampling across the Barkly Tablelands has confirmed significant REE enrichment, with multiple results exceeding 600 ppm TREO. The sediments are directly sourced from the Sybella Batholith with the highest of these values located directly down drainage catchments linked to Red Metals Sybella Discovery.

Sediment-hosted REEs and target zones

Previous AEM surveys also revealed a broad conductive layer within the Barkly Tablelands sediments, approximately 12 metres thick at shallow depths between 20-32 metres, and covering a footprint of over 1,000 sq km. This layer is interpreted to represent a clay-rich unit capable of hosting ionic clay REE deposits.

AEM outlining laterally extensive conductive sediment target

Granite Hosted REE Potential – District Scale Target 3

The various granites that make up the Sybella contain zones of enriched REEs, including the Red Metal (ASX:RDM) owned Sybella Discovery.

Basin’s ground includes several prospects (Newsmans Bore, Eight Mile and Threeways) where a shallow proof of concept auger drilling program returned highly encouraging results in 2023.

The most encouraging results from the auger drilling at Newmans Bore reported at over 0.5 m at >1000 ppm TREO, including:

  • SYAH23-020 – 5.0 m @ 1,951 ppm TREO with 578 ppm Nd+Pr oxide combined (including 3 m @ 705 ppm) from 4 m to end of hole
  • SYAH23-006 – 2.5 m @ 1,343 ppm TREO with 248 ppm Nd+Pr oxide combined from 5 m to end of hole
  • SYAH23-018 – 0.5 m @ 1,996 ppm TREO with 465 ppm Nd+Pr oxide combined from 2 m to end of hole
  • SYAH23-131 – 2.6 m @ 1,535 ppm TREO with 329 ppm Nd+Pr oxide combined from 3 m to end of hole

These results are very significant, as mineralisation continued to the end of hole and closely mirrors the geochemical patterns seen by Red Metal prior to their Sybella discovery.

Auger drilling completed by NeoDys, with highlights from Newmans Bore

Red Metals Discovery REE anomaly

Red Metal utilised RC drilling beneath this anomaly and identified broad zones of rare earth anomalism, which led to the Sybella discovery. NeoDys’ auger drilling across Basin’s project has outlined similar levels and scale of rare earth anomalism, demonstrating strong potential for comparable discoveries. See figure below.

Stylised section of NeoDys Newmans Bore auger drilling

The next phase for Basin will be to conduct deeper RC drilling to test potential continuity of these anomalies. Drilling is proposed for Q4 2025.

Hard Rock Shear-Hosted Uranium Valhalla Style Targets

In addition to the three district scale targets, Basin also sees strong potential for Valhalla-style shear zone uranium mineralisation within the North section of the license. Airborne radiometric data highlights several anomalies crossing both the Sybella granite and the Cromwell metabasalt, features consistent with the alternation patterns seen at other uranium deposits in the region. The scale and geological setting of these radiometric anomalies draws comparison to Paladin Energy’s Mount Isa (Valhalla) project, which contains 148.4 Mlbs of U3O8 at 728 ppm, and a combined 116 Mlbs within the Valhalla, Odin and Skal resources located just 7 km east of Basin’s license

Filtered airborne radiometric data (isolating high-U, low-K rocks) highlighting several potential Valhalla-style shear zone targets in the Cromwell Metabasalt and the adjacent Sybella Batholith

Company Highlights

  • Strategic exposure to district-scale opportunities with the potential to transform into world-class discoveries, delivering exceptional leverage on exploration success
  • Drill-ready Queensland projects positioned for rapid advancement, leveraging low-cost exploration techniques to deliver high-impact results.
  • Pure uranium exposure to the Athabasca Basin through partnership with CanAlaska Uranium, fresh off discovery success at West McArthur.
  • Early mover position in the Nordics ready to capitalise as Sweden reverses its uranium mining moratorium (effective Jan 1, 2026), unlocking access to Europe’s largest uranium endowment and elevating Nordic exploration upside.
  • Exposure to uranium (supply shortfall + nuclear demand growth) and rare earths (critical to EVs and renewables, with limited global supply), both sectors positioned for sustained upside.
  • Exploration leverage in globally ranked, mining-friendly jurisdictions Finland, Saskatchewan, Sweden, and Queensland minimizing geopolitical risk while maximizing discovery upside.
  • Experienced Team: Leadership includes veterans of uranium discovery and development, with direct experience in Athabasca Basin and international uranium markets.

Key Projects

Strategic Global Uranium Exposure

Basin holds interests in three projects, in partnership with TSX-V CanAlaska within the heartland of the world class Athabasca Basin uranium district. The company’s primary focus here is on the Geikie project where early drilling has identified a significant alteration system with analogies to major basement hosted uranium deposits of the district such as Nexgen energy’s prolific Arrow discovery. The company is actively seeking partnerships for the Marshall and North Millennium projects, which are prospective for unconformity style mineralisation with walk up drill ready targets.

Canada – Athabasca Basin

Geikie Project

The Geikie Project spans 351 sq km on the eastern margin of the Athabasca Basin and benefits from excellent access, with Highway 905 just 10 km to the east.

This underexplored region is considered highly prospective for shallow, basement-hosted uranium mineralisation. Historically overlooked in past exploration campaigns, the area has seen renewed interest following recent basement-style uranium discoveries elsewhere in the district.

Project Highlights:
  • Drilling Results & Exploration Potential
    • Uranium intersected in 6 of 16 holes including 0.27 percent U₃O₈ over 0.5 m at Aero Lake and 263 ppm U₃O₈ over 9 m at Preston Creek
    • Pathfinder elements (notably lead isotope anomalies) were identified in 10 of 16 holes
  • Structural & Geological Highlights
    • Large-scale structural corridors identified—capable of transporting and hosting high-grade uranium
    • Extensive hydrothermal alteration confirms a robust, active fluid system
    • Uranium assays validate the mineralised system
  • Targeting & Exploration Potential: Multiple near-surface drill targets defined using geological data from 2023–2024 drilling and integrated airborne and ground geophysical datasets.
  • High-resolution airborne gravity surveys have successfully mapped basement-hosted alteration systems, identified intense gravity lows aligned with structural corridors and enhanced targeting confidence on the outer edge of the Athabasca Basin.

In 2025, Basin Energy addedtwo new claims to the Geikie uranium project, consisting of 22.3 sq km, bringing the total project area to 373.1 sq km. Mineral claims MC00022218 and MC00022219 are contiguous to the Preston Creek prospect, where 2024 drilling outlined a large-scale hydrothermal system within a complex structural corridor with uranium anomalism.

Scandinavia – Sweden and Finland

Basin has secured 100 percent ownership of multiple reservations and licences across Sweden and Finland, prospective for uranium and critical green energy metals. This portfolio targets shear-hosted and intrusive-related mineralisation and consists of five exploration licenses within Sweden and five reservations in Finland. In 2025, Basin Energy announced theapproval for the Trollberget project application located in Northern Sweden, between the Björkberget and Rävaberget projects within the Arvidsjaur-Arjeplog uranium district. The project added 116 sq km of exploration land, increasing Basin Energy’s total holding to 219 sq km within this highly prospective uranium and green energy metals district.

Exploration Updates: Virka & Björkberget

  • Structural Relogging Completed
    • Detailed relogging of 48 historical drillholes completed across the Virka and Björkberget projects.
    • Björkberget: Structural data now available for 28 priority holes; 137 samples submitted for multi-element analysis, with an additional 71 samples prepared for shipment.
    • Virka: All historical core relogged; samples are awaiting shipment for lab preparation.
    • Key mineralising structural trends identified in core, with associated alteration and mineral assemblages (pending results) to inform future drill targeting.
  • High-Grade Surface Results Confirmed
    Pulp re-analysis by fusion XRF of two surface samples initially above detection limits (>2.95 percent U₃O₈) confirmed exceptionally high uranium grades:
    • BJK004: >5.9 percent U₃O₈ from a granite boulder with visible yellow oxide staining at the base of an outcrop
    • BJK008: 5.4 percent U₃O₈ from a rhyolitic/fine-grained granite boulder with visible mineralisation and yellow oxide staining

These results reinforce the high-grade uranium potential of Basin’s Scandinavian portfolio and will directly guide the next phase of drill targeting.

Management Team

Blake Steele – Non-executive Chairman

Blake Steele is an experienced metals and mining industry executive and director with extensive knowledge across public companies and capital markets. He was formerly president and chief executive officer of Azarga Uranium (Azarga), a US-focused integrated uranium exploration and development company. He led Azarga into an advanced stage multi- asset business, which was ultimately acquired by enCore Energy (TSXV:EU) for C$200 million in February 2022.

Pete Moorhouse – Managing Director

Pete Moorhouse has 18 years of mining and exploration geology experience with extensive experience in the junior uranium sector, having spent over 10 years with ASX-listed uranium explorer and developer Alligator Energy (ASX:AGE). He holds significant competencies in evaluating, exploring, resource drilling and feasibility studies across many global uranium and resource projects.

Cory Belyk – Non-executive Director

Cory Belyk holds 30 years’ experience in exploration and mining operations, project evaluation, business development and extensive global uranium experience most recently employed by Cameco in the Athabasca Basin. He was a member of the exploration management team that discovered Fox Lake & West McArthur uranium deposits. Currently CEO/VP of Canadian Athabasca uranium explorer and project generator, CanAlaska (TSXV:CVV).

Matthew O’Kane – Non-Executive Director

Matgthew O’Kane is an experienced executive and company director with over 25 years’ experience in the mining and mineral exploration, commodities, and automotive sectors. He has held senior leadership roles in Australia, Asia and North America, in both developed and emerging markets, from start-up companies through to multinational corporations. He has served on the Board of mining and mineral exploration companies in Canada, Hong Kong and Australia. He was a member of the Board of Azarga Uranium from 2013 until its sale to Encore Energy in February of 2022. He is currently a director of two ASX listed exploration and development companies.

Ben Donovan – Company Secretary

Ben Donovan has over 22 years of experience in the provision of corporate advisory and company secretary services. He holds extensive experience in ASX listing rules compliance and corporate governance and has served as a Senior Adviser to the ASX for nearly 3 years Currently CoSec to several ASX listed resource companies including M3 Mining (ASX:M3M), Magnetic Resources (ASX:MAU) and Legacy Iron Ore (ASX:LCY).

Odile Maufrais – Exploration Manager

Odile Maufrais is an exploration geologist with over 14 years of experience and has an extensive understanding of the uranium exploration and mining industry, having worked at ORANO, one of the largest global uranium producers, for 12 years on various assignments in Canada, Niger, and France. Maufrais has significant Athabasca Basin-specific experience, being involved in over 15 greenfield and brownfield uranium exploration projects located throughout the Basin. Her most recent roles for ORANO comprised leading various uranium exploration campaigns and being an active member of the ORANO research and development team, which involved working on trialing and implementing cost-effective and streamlined drilling techniques within the Athabasca Basin. She also played a key role in the update of the National Instrument 43-101 compliant mineral resource estimate for the Midwest Main and Midwest A deposits. Maufrais holds a Master of Science from Montpellier II University, France.

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