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ForexTV

14.04.2025

Q1-2025 Production Results, Operational Highlights and Board Change - ForexTV

Q1-2025 Production Results, Operational Highlights and Board Change Serabi Gold plc (“Serabi” or the “Company”) (AIM:SRB, TSX:SBI, OTCQX:SRBIF), the Brazilian focused gold mining and development company, is pleased to announce the Company’s first quarter production results and operating highlights for FY2025 (all financial amounts are expressed in U.S. dollars unless otherwise indicated). Q1-2025 HIGHLIGHTS Gold production of 10,013 ounces, an 11% increase from Q1-2024.Cash as at 31 March 2025 of $26.5 million vs $22.2 million as at 31 December 2024. Net cash at quarter-end (after interest bearing loans and lease liabilities) of $21.1 million versus $16.2 million as at 31 December 2024.The Company remains on track to achieve 2025 consolidated production guidance of 44,000 – 47,000 ounces gold.Reported initial exploration update from the brownfield exploration opportunities at Palito Complex, Coringa Mine and São Domingos target, which is part of Phase II of the Company’s growth strategy; initial exploration model indicates a potential for a satellite orebody to the Palito Complex – link to press release.The Company is currently assessing appropriate mechanisms to return capital to shareholders. Mike Hodgson, CEO of Serabi, commented: “An excellent start to 2025 with over 10,000 ounces produced, an 11% increase on Q1-2024, and what was most pleasing within these numbers was the substantial grade improvements at both Palito and Coringa. Palito plant feed grades were 32% improved on Q1-2024, whilst Coringa plant feed grades showed a 10% improvement. Q1-2025 has also been the first full operational quarter for the Coringa classification plant, and that 10% grade improvement is partly driven by this. We spent the quarter commissioning and optimising the classification plant at Coringa. High grade Coringa Run of Mine (ROM) ore was transported directly to the Palito Complex plant. Additionally, we used low grade stocks at Coringa (<2g/t Au) during the optimising of the sorter, which was extremely effective, with the ore sorted from these low-grade stocks supplementing the high-grade ROM sent from Coringa to the Palito Complex plant. The Coringa Mine continued to perform exceptionally well with ore being mined in the Serra zone at levels 260m, 225m, 190m, and 158m. The main ramp is deepening to level 125m. The first quarter also saw the progression and development of Meio, the second sector at Coringa. The first two levels, 356m and 336m are now in development, with development ore already contributing to the Coringa gold production. Meio is expected to contribute significantly to Coringa production in 2025. At Palito, the grades improved as mining has increased in the high grade Barrichello zone. This zone along with the G3 and Ipe zones are contributing the bulk of Palito Complex ROM and will continue to do so this year. The development of the G3 vein on levels -20m and -80m are particularly exciting, where we expect some excellent results this year. Finally, during the quarter, we saw our brownfield exploration programme get underway. We now have two rigs at Palito and two at Coringa. The first results were published in early April with very encouraging results at Palito Complex with step out drilling on the Senna vein. At Coringa we are drilling the Coringa trend between the Galena and Mae de Leite zones with early success as well as intersecting the new zone called Jatobá. We are planning to spend approximately $9m in 2025 equally across both sites in our quest to double the current consolidated mineral resource inventory of 1Moz. I look forward to regularly updating investors on progress on our exploration success. In light of the excellent operational performance, strong prevailing gold price, cash position and anticipated cash growth ahead, the Company is currently assessing appropriate mechanisms to return capital to shareholders.” To access an interview of Mike Hodgson with Crux Investor discussing the Q1-2025 update, follow this LINK. OPERATIONAL RESULTS SUMMARY PRODUCTION STATISTICS FOR 2025 AND 2024 Q1YTDQ1Q2Q3Q4Fiscal2025202520242024202420242024Group Gold production (1)(2) Ounces10,01310,0139,0079,0039,48910,02237,520Mined oreTonnes44,92444,92456,29659,56458,68250,327225,049 Gold grade (g/t)7.097.095.315.065.486.195.49Milled oreTonnes48,15548,15554,52155,19254,57952,363216,655 Gold grade (g/t)6.706.705.385.315.596.215.61Horizontal developmentMetres3,5053,5053,1313,5503,3253,12913,135Palito Complex Gold production (1)(2)Ounces4,6664,6665,1354,2513,6484,36917,404Mined oreTonnes25,26725,26736,47130,48826,87823,642117,479 Gold grade (g/t)6.156.154.724.524.346.104.86Milled oreTonnes24,32824,32835,86130,75027,45423,719117,785 Gold grade (g/t)6.256.254.734.564.336.054.86Horizontal developmentMetres1,9791,9792,1532,3151,8591,9488,275Coringa Gold production (1)(2)Ounces5,3475,3473,8714,7525,8415,65320,117Mined oreTonnes19,65719,65719,82529,07631,98426,685107,569 Gold grade (g/t)8.318.316.395.626.446.276.17Milled oreTonnes23,82723,82718,66024,44127,12528,64598,871 Gold grade (g/t)7.177.176.616.256.876.346.51Horizontal developmentMetres1,5261,5269781,2351,4661,1814,860 (1) The table may not sum due to rounding. (2) Production numbers are subject to change pending final assay analysis from refineries. Total production for the first quarter was 10,013 ounces. Total ore mined during the quarter was 44,924 tonnes at 7.09 g/t compared to 50,327 tonnes at 6.19 g/t for the fourth quarter of 2024. The increase in grade has mostly come from higher grade ore mined in the Barrichello and G3 zones in Palito, as well as improved grades in the Serra zone at Coringa. The Palito Complex process plant treated 48,155 tonnes of ROM ore at a grade of 6.70 g/t Au compared to 52,363 tonnes at an average grade of 6.21 g/t Au for Q4-2024. A total of 3,505 metres of horizontal development has been completed for the quarter of which 1,849 metres was ore development. The balance was the ramp, crosscuts and stope preparation development. The Coringa orebody continues to perform well. Production was focused on the levels of 260m, 225m, 195m, and 165m with development now ongoing on level 130m. The newly intersected Meio zone is still in development only with levels 356m and 336m advancing. FINANCE UPDATE Cash balances at the end of March 2025 were $26.5 million, in comparison to the cash balances at the end of December 2024 of $22.2 million. On 6 January 2025 the Company fully repaid its $5.0 million unsecured loan arrangement with Itau Bank in Brazil which carried an interest coupon of 8.47 per cent. On 22 January 2025, the Group secured a new $5.0 million loan from Banco Santander. The Banco Santander loan is repayable as a bullet payment on 21 January 2026 and carries an interest coupon of 6.16%. The Company had a net cash balance at the end of Q1-2025 (after interest bearing loans and lease liabilities) of $21.1 million (31 December 2024: net cash $16.2 million). FY2025 PRODUCTION GUIDANCE The Company remains on track to achieve 2025 consolidated production guidance of 44,000 – 47,000 ounces gold. BOARD CHANGE Mark Sawyer, non-executive director of Serabi Gold, informed the Board of Directors of his resignation effective 11 April 2025. Following his resignation, Mark Sawyer ceased to be a member of the Board of Directors of Serabi Gold with immediate effect. “We thank Mark for his significant contributions to the Company and we wish him all the best.” commented Mike Hodgson, Chief Executive Officer of Serabi Gold. About Serabi Gold plcSerabi Gold plc is a gold exploration, development and production company focused on the prolific Tapajós region in Para State, northern Brazil. The Company has consistently produced 30,000 to 40,000 ounces per year with the Palito Complex and is planning to double production in the coming years with the construction of the Coringa Gold project. Serabi Gold plc recently made a copper-gold porphyry discovery on its extensive exploration licence. The Company is headquartered in the United Kingdom with a secondary office in Toronto, Ontario, Canada. The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. The person who arranged for the release of this announcement on behalf of the Company was Andrew Khov, Vice President, Investor Relations & Business Development. Enquiries SERABI GOLD plcMichael Hodgson t +44 (0)20 7246 6830Chief Executive m +44 (0)7799 473621 Andrew Khov m +1 647 885 4874Vice President, Investor Relations & Business Development e contact@serabigold.com www.serabigold.com BEAUMONT CORNISH LimitedNominated Adviser & Financial AdviserRoland Cornish / Michael Cornish t +44 (0)20 7628 3396 PEEL HUNT LLPJoint UK BrokerRoss Allister t +44 (0)20 7418 9000 TAMESIS PARTNERS LLPJoint UK BrokerCharlie Bendon/ Richard Greenfield t +44 (0)20 3882 2868 CAMARCOFinancial PR - EuropeGordon Poole / Emily Hall t +44 (0)20 3757 4980 HARBOR ACCESS Financial PR – North AmericaJonathan Patterson / Lisa Micali t +1 475 477 9404 Copies of this announcement are available from the Company's website at www.serabigold.com. See www.serabigold.com for more information and follow us on twitter @Serabi_Gold GLOSSARY OF TERMS The following is a glossary of technical terms: “actinolite”amphibole silicate mineral commonly found in metamorphic rocks, including those surrounding cooled intrusive igneous rocks“Ag” means silver.“alkalic porphyry”A class of copper-porphyry mineral deposits characterised by disseminated mineralisation within and immediately adjacent to silica-saturated to silica-undersaturated alkalic intrusive centres and being copper/gold/molybdenum-rich.“albite”is a plagioclase feldspar mineral“aplite”An intrusive igneous rock in which the mineral composition is the same as granite, but in which the grains are much finer“argillic alteration”is hydrothermal alteration of wall rock which introduces clay minerals including kaolinite, smectite and illite“AISC”means All-In Sustaining Cost – a non IFRS performance measurement established by the World Gold Council“ANM” means the Agencia Nacional de Mineral.“Au” means gold.“assay” in economic geology, means to analyse the proportions of metal in a rock or overburden sample; to test an ore or mineral for composition, purity, weight or other properties of commercial interest.“biotite”A phyllosilicate mineral composed of a silicate of iron, magnesium, potassium, and aluminum found in crystalline rocks and as an alteration mineral.“breccia”a rock composed of large angular broken fragments of minerals or rocks cemented together by a fine-grained matrix“brecciation”Describes the process where large angular broken fragments of minerals or rocks become cemented together by a fine-grained matrix.“CIM” means the Canadian Institute of Mining, Metallurgy and Petroleum.“CIP” or “Carbon in Pulp”means a process used in gold extraction by addition of cyanide.“chalcopyrite”is a sulphide of copper and iron.“copper porphyry”copper ore body formed from hydrothermal fluids. These fluids will be predated by or associated with are vertical dykes of porphry intrusive rocks“Cu”means copper.“cut-off grade” the lowest grade of mineralised material that qualifies as ore in a given deposit; rock of the lowest assay included in an ore estimate.“dacite porphyry intrusive”a silica-rich igneous rock with larger phenocrysts (crystals) within a fine-grained matrix“deposit” is a mineralised body which has been physically delineated by sufficient drilling, trenching, and/or underground work, and found to contain a sufficient average grade of metal or metals to warrant further exploration and/or development expenditures; such a deposit does not qualify as a commercially mineable orebody or as containing ore reserves, until final legal, technical, and economic factors have been resolved.“electromagnetics” is a geophysical technique tool measuring the magnetic field generated by subjecting the sub-surface to electrical currents.“epidote”is a calcium aluminium iron sorosilicate mineral“garimpo”is a local artisanal mining operation“garimpeiro”is a local artisanal miner.“geochemical” refers to geological information using measurements derived from chemical analysis.“geophysical” refers to geological information using measurements derived from the use of magnetic and electrical readings.“geophysical techniques” include the exploration of an area by exploiting differences in physical properties of different rock types. Geophysical methods include seismic, magnetic, gravity, induced polarisation and other techniques; geophysical surveys can be undertaken from the ground or from the air.“gold equivalent”refers to quantities of materials other than gold stated in units of gold by reference to relative product values at prevailing market prices.“gossan” is an iron-bearing weathered product that overlies a sulphide deposit.“grade” is the concentration of mineral within the host rock typically quoted as grams per tonne (g/t), parts per million (ppm) or parts per billion (ppb).“g/t” means grams per tonne.“granodiorite”is an igneous intrusive rock like granite.“hectare” or a “ha” is a unit of measurement equal to 10,000 square metres.“hematite”is a common iron oxide compound“igneous”is a rock that has solidified from molten material or magma.“indicated mineral resource”is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed.“inferred mineral resource” is that part of a mineral resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes.“IP” refers to induced polarisation, a geophysical technique whereby an electric current is induced into the sub-surface and the conductivity of the sub-surface is recorded.“intrusive”is a body of rock that invades older rocks.“lithocap”Lithocaps are subsurface, broadly stratabound alteration domains that are laterally and vertically extensive. They form when acidic magmatic-hydrothermal fluids react with wallrocks during ascent towards the paleosurface.“measured mineral resource” is that part of a mineral resource for which quantity, grade or quality, densities, shape, and physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to support production planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough to confirm both geological and grade continuity.“mineralisation” the concentration of metals and their chemical compounds within a body of rock.“mineralised” refers to rock which contains minerals e.g. iron, copper, gold.“mineral reserve” is the economically mineable part of a measured or indicated mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified. A mineral reserve includes diluting materials and allowances for losses that may occur when the material is mined.“mineral resource” is a concentration or occurrence of diamonds, natural solid inorganic material or natural fossilised organic material including base and precious metals, coal, and industrial minerals in or on the Earth’s crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction. The location, quantity, grade, geological characteristics and continuity of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge.“Mo-Bi-As-Te-W-Sn”Molybdenum-Bismuth-Arsenic-Tellurium-Tungsten-Tin“magnetite”Magnetic mineral composed of iron oxide found in intrusive rocks and as an alteration mineral.“monzodiorite”Is an intrusive rock formed by slow cooling of underground magma.“monzogranite”a biotite rich granite, often part of the later-stage emplacement of a larger granite body.“mt” means million tonnes.“NI 43-101” means Canadian Securities Administrators’ National Instrument 43-101 – Standards of Disclosure for Mineral Projects.“ore” means a metal or mineral or a combination of these of sufficient value as to quality and quantity to enable it to be mined at a profit.“oxides” are near surface bed-rock which has been weathered and oxidised by long-term exposure to the effects of water and air.“paragenesis”Is a term used to describe the sequence on relative phases of origination of igneous and metamorphic rocks and the deposition of ore minerals and rock alteration.“phyllic alteration” is a hydrothermal alteration zone in a permeable rock that has been affected by circulation of hydrothermal fluids“porphry”any of various granites or igneous rocks with coarse grained crystals“ppm” means parts per million.“proterozoic”means the geological eon (period) 2.5 billion years ago to 541 million years ago“pyrite”an iron sulphide mineral“quartz-alunite ± kaolinite”Alunite is a hydroxylated aluminium potassium sulfate mineral. It presence is typical in areas of advanced argillic alteration and usually accompanied by the presence of quartz (a crystalline silica mineral) and sometimes kaolinite.(a clay mineral).“saprolite” is a weathered or decomposed clay-rich rock.“scapolites”are a group of rock-forming silicate minerals composed of aluminium, calcium, and sodium silicate with chlorine, carbonate and sulfate“sulphide” refers to minerals consisting of a chemical combination of sulphur with a metal.“tailings” are the residual waste material that it is produced by the processing of mineralised rock.“tpd” means tonnes per day.“vein” is a generic term to describe an occurrence of mineralised rock within an area of non-mineralised rock.“VTEM” refers to versa time domain electromagnetic, a particular variant of time-domain electromagnetic geophysical survey to prospect for conductive bodies below surface.“vuggy”a geological feature characterised by irregular cavities or holes within a rock or mineral, often formed by the dissolution or removal of minerals leaving behind empty spaces Assay ResultsAssay results reported within this release include those provided by the Company's own on-site laboratory facilities at Palito and have not yet been independently verified. Serabi closely monitors the performance of its own facility against results from independent laboratory analysis for quality control purpose. As a matter of normal practice, the Company sends duplicate samples derived from a variety of the Company's activities to accredited laboratory facilities for independent verification. Since mid-2019, over 10,000 exploration drill core samples have been assayed at both the Palito laboratory and certified external laboratory, in most cases the ALS laboratory in Belo Horizonte, Brazil. When comparing significant assays with grades exceeding 1 g/t gold, comparison between Palito versus external results record an average over-estimation by the Palito laboratory of 6.7% over this period. Based on the results of this work, the Company's management are satisfied that the Company's own facility shows sufficiently good correlation with independent laboratory facilities for exploration drill samples. The Company would expect that in the preparation of any future independent Reserve/Resource statement undertaken in compliance with a recognized standard, the independent authors of such a statement would not use Palito assay results without sufficient duplicates from an appropriately certificated laboratory. Forward-looking statementsCertain statements in this announcement are, or may be deemed to be, forward looking statements. Forward looking statements are identiﬁed by their use of terms and phrases such as ‘‘believe’’, ‘‘could’’, “should” ‘‘envisage’’, ‘‘estimate’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘will’’ or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reﬂect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements. Qualified Persons StatementThe scientific and technical information contained within this announcement has been reviewed and approved by Michael Hodgson, a Director of the Company. Mr Hodgson is an Economic Geologist by training with over 30 years' experience in the mining industry. He holds a BSc (Hons) Geology, University of London, a MSc Mining Geology, University of Leicester and is a Fellow of the Institute of Materials, Minerals and Mining and a Chartered Engineer of the Engineering Council of UK, recognizing him as both a Qualified Person for the purposes of Canadian National Instrument 43-101 and by the AIM Guidance Note on Mining and Oil & Gas Companies dated June 2009. NoticeBeaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in relation to the matters referred herein. Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it. Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this news release

Mostly Economics

24.04.2025

Two manuscripts of William Petty | Mostly Economics

Tony Aspromourgos transcribes two manuscripts of William Petty: This article provides transcriptions of two manuscripts of William Petty (1623–1687), together with a substantial editorial apparatus. The first manuscript analyses the feasibility of doubling the population of England plus Ireland and Scotland in 25 years; the second considers how a uniform taxation might be imposed upon…

Business World

05.05.2025

US expands funding for rail pre-feasibility study - BusinessWorld Online

THE US Trade and Development Agency (USTDA) has increased funding for the pre-feasibility study of the Subic-Clark-Manila-Batangas (SCMB) railway to $3.8 million, according to the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA). “The US has ramped up its support for the Philippines’ ambitious infrastructure drive, approving a major […]

ForexTV

15.05.2025

Cornish Metals Releases Unaudited Financial Statements and Management’s Discussion and Analysis for the Three Months Ended 31 March 2025 - ForexTV

VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) -- Cornish Metals Inc. (TSX-V/AIM: CUSN) (“Cornish Metals” or the “Company”), a mineral exploration and development company focused on advancing its 100% owned and permitted South Crofty tin project in Cornwall, United Kingdom, is pleased to announce that it has released its unaudited financial statements and management, discussion and analysis (“MD&A”) for the three months ended March 31, 2025. The reports are available under the Company’s profile on SEDAR+ (www.sedarplus.ca) and on the Company’s website (www.cornishmetals.com). Highlights for the three months ended March 31, 2025 and for the period ending May 14, 2025 (All figures expressed in Canadian dollars unless otherwise stated) Strategic investment and fundraise (the “Fundraise”) (news releases dated January 28-31, 2025): The Fundraise totalling £57.4 million announced on January 28-31, 2025 was anchored by the National Wealth Fund Limited (“NWF”) and Vision Blue Resources Limited (“Vision Blue”), investing £28.6 million and £18.1 million, respectively, with a further £10.7 million from existing shareholders and new investors, including £1.4 million from a retail offer;The Fundraise is expected to provide financial runway through to the end of Q1 2026 and will enable the Company to further de-risk South Crofty and advance it towards a formal final investment decision; Senior management appointments (news release dated April 27, 2025): Strengthening of the project and operations teams at South Crofty with the appointments of Dave Howe as General Manager and Guillermo Alcaraz as Project Director;Mr. Howe has 35 years of open pit and hard rock underground mining (including narrow vein) operational and exploration experience, of which 24 years were in executive and senior management roles;Mr. Alcazar is a project executive with over two decades of global experience leading and overseeing a multimillion-dollar complex portfolio of mining, heavy industrial and infrastructure projects across diverse development stages; Purchase of 4.5 acres of land from Cornwall Council (news release dated April 1, 2025): The purchased land is immediately adjacent to existing surface land owned by Cornish Metals and provides direct access to the main road at Dudnance Lane from where a new entrance to the mine site is planned and where a new mine office, stores and workshop will be located. Mine dewatering and refurbishment of New Cook’s Kitchen Shaft: Refurbishment of New Cook’s Kitchen shaft (“NCK”) is progressing and has reached approximately 290 metres below surface. The water level in NCK shaft is currently at approximately 300 metres below surface;Progress during the period under review has been slower than in prior periods reflecting the staged maintenance of the submersible pumps in preparation for the next phase of dewatering. Dewatering is currently advancing at a rate of over 15,000 m3 per day and this will increase to approximately 25,000 m3 per day once maintenance is completed. Don Turvey, CEO and Director of Cornish Metals, stated: “We started the year on a strong note successfully completing the £57.4 million fundraise that was supported by existing and new shareholders, including Vision Blue and the UK’s National Wealth Fund. This funding will enable the Company to maintain its strong momentum and further unlock South Crofty’s potential by delivering important milestones expected in the coming year including advancing mine dewatering and shaft refurbishment, placing orders for long-lead items, the start of early project works and concluding the project finance process. We have also strengthened our project and operations teams at South Crofty with senior appointments to the roles of Project Director and General Manager who will be key to leading South Crofty through successful construction and to full production.” Financial highlights for the three months ended March 31, 2025 and March 31, 2024 Three months ended March 31, 2025 March 31, 2024 (Expressed in Canadian dollars) Total operating expenses3,189,723 2,759,198 Loss for the period3,043,606 2,561,669 Net cash used in operating activities(2,190,616) (1,148,564) Net cash used in investing activities(6,602,900) (7,895,388) Net cash provided by (used in) financing activities87,513,355 (85,646) Cash at end of the period88,954,141 17,015,749 Operating expenses have risen reflecting increased professional fees associated with more corporate activity as well as an increase in corporate remuneration due to bonuses following completion of the Fundraise;Project related expenditure of $5.3 million relating to the advancement of South Crofty, primarily relating to NCK shaft re-access & refurbishment, preparation for the refurbishment of the pump station at 360 metres depth and ongoing project engineering studies;Dewatering costs of $1.5 million for power, reagents, sludge disposal and maintenance of the water treatment plant (“WTP”);Receipt of $87.5 million in net proceeds from the Fundraise after repayment of the debt facility with Vision Blue which was settled through a set-off with the Fundraise; andCash increased by $78.7 million to $89.0 million at the period end due to the proceeds received from the Fundraise offset by ongoing development activities at South Crofty. Outlook As described above, the Company continues to advance and derisk South Crofty towards production. The Company’s near-term objectives are as follows: Complete dewatering of South Crofty mine and refurbishment of NCK shaft;Advance detailed project engineering studies;Place orders for long lead items of plant and equipment;Commence early project works, including initial construction of the groundworks for the processing plant; andArrange project financing for South Crofty. ABOUT CORNISH METALS Cornish Metals is a dual-listed mineral exploration and development company (AIM and TSX-V: CUSN) that is advancing the South Crofty tin project towards production. South Crofty: is a historical, high-grade, underground tin mine located in Cornwall, United Kingdom and benefits from existing mine infrastructure including multiple shafts that can be used for future operations;is permitted to commence underground mining (valid to 2071), construct a new processing facility and for all necessary site infrastructure;has a 2024 Preliminary Economic Assessment that validates the Project’s potential (see news release dated April 30, 2024 and the Technical Report entitled “South Crofty PEA”): US$201 million after-tax NPV8% and 29.8% IRR3-year after-tax payback4,700 tonnes average annual tin production in years two through sixLife of mine all-in sustaining cost of US$13,660 /tonne of payable tinTotal after-tax cash flow of US$626 million from start of production would be the only primary producer of tin in Europe or North America. Tin is a Critical Mineral as defined by the UK, American, and Canadian governments as it is used in almost all electronic devices and electrical infrastructure. Approximately two-thirds of the tin mined today comes from China, Myanmar and Indonesia;benefits from strong local community, regional and national government support with a growing team of skilled people, local to Cornwall, and could generate up to 320 direct jobs. The 2024 Preliminary Economic Assessment for South Crofty is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorised as Mineral Reserves. There is no certainty that the 2024 Preliminary Economic Assessment will be realised. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. TECHNICAL INFORMATION This news release has been reviewed and approved by Mr. Stephen Holley, BSc (Hons), ACSM, MSc, MSCM, CEng MIMMM, Feasibility Study Manager for Cornish Metals who is the designated Qualified Person as the term is defined in Canadian National Instrument 43-101 and the AIM Rules for Companies, and a Competent Person as defined under the JORC Code (2012). Mr. Holley consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. ON BEHALF OF THE BOARD OF DIRECTORS “Don Turvey”Don TurveyCEO and Director Engage with us directly at our investor hub. Sign up at: https://investors.cornishmetals.com/link/6eWEjP For additional information please contact: Cornish MetalsFawzi Hananoinvestors@cornishmetals.com Irene Dorsmaninfo@cornishmetals.com Tel: +1 (604) 200 6664 SP Angel Corporate Finance LLPRichard MorrisonTel: +44 203 470 0470(Nominated Adviser & Joint Broker)Charlie Bouverat Grant Barker Hannam & PartnersMatthew Hassoncornish@hannam.partners (Joint Broker)Andrew ChubbTel: +44 207 907 8500 Jay Ashfield BlytheRayTim Blythecornishmetals@blytheray.com (Financial PR)Megan RayTel: +44 207 138 3204 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. Caution regarding forward looking statements This news release may contain certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”). Forward-looking statements include predictions, projections, outlook, guidance, estimates and forecasts and other statements regarding future plans, the realisation, cost, timing and extent of mineral resource or mineral reserve estimates, estimation of commodity prices, currency exchange rate fluctuations, estimated future exploration expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, requirements for additional capital and the Company’s ability to obtain financing when required and on terms acceptable to the Company, future or estimated mine life and other activities or achievements of Cornish Metals. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could”, “would” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this news release, are forward-looking statements that involve various risks and uncertainties and there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to receipt of regulatory approvals, risks related to general economic and market conditions; risks related to the availability of financing; the timing and content of upcoming work programmes; actual results of proposed exploration activities; possible variations in Mineral Resources or grade; projected dates to commence mining operations; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations. The list is not exhaustive of the factors that may affect Cornish’s forward-looking statements. Cornish Metals’ forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date such statements are made. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward- looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements. Cornish Metals does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change other than as required by applicable law. Caution regarding non-IFRS measures This news release contains certain terms or performance measures commonly used in the mining industry that are not defined under International Financial Reporting Standards ("IFRS"), including "all-in sustaining costs". Non-IFRS measures do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures employed by other companies. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS and should be read in conjunction with Cornish Metals’ consolidated financial statements and Management Discussion and Analysis, available on its website and on SEDAR+ at www.sedarplus.ca. Market Abuse Regulation (MAR) Disclosure The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended. CONSOLIDATED CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION(Unaudited)(Expressed in Canadian dollars) March 31, 2025 December 31, 2024 ASSETS Current Cash$88,954,141 $9,589,029 Marketable securities 3,078,376 2,874,696 Receivables 2,862,514 2,697,326 Prepaid expenses 673,554 504,902 Deferred financing fees - 637,718 95,568,585 16,303,671 Deposits 112,576 64,341 Property, plant and equipment 27,143,529 27,132,244 Exploration and evaluation assets 90,750,183 79,961,014 $213,574,873 $123,461,270 LIABILITIES Current Accounts payable and accrued liabilities$5,735,330 $4,045,083 Deferred income - 150,000 Loan liability - 13,457,169 5,735,330 17,652,252 NSR liability 9,826,144 9,869,289 15,561,474 27,521,541 SHAREHOLDERS’ EQUITY Capital stock 229,373,265 128,394,652 Capital contribution 2,007,665 2,007,665 Share-based payment reserve 1,604,784 1,353,933 Foreign currency translation reserve 11,528,569 7,640,757 Deficit (46,500,884) (43,457,278) 198,013,399 95,939,729 $213,574,873 $123,461,270 CONSOLIDATED CONDENSED INTERIM STATEMENTS OF LOSS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) (Expressed in Canadian dollars) Three months ended March 31, 2025 March 31, 2024 EXPENSES Travel and marketing$205,667 $214,138 Insurance 179,920 203,063 Office, miscellaneous and rent 91,226 56,505 Professional fees 541,343 275,093 Generative exploration costs - 1,191 Regulatory and filing fees 30,398 29,265 Share-based compensation 162,617 123,799 Salaries, directors’ fees and benefits 1,978,552 1,856,144 Total operating expenses (3,189,723) (2,759,198) Interest income 133,582 265,666 Interest expense (486,337) - Foreign exchange gain (loss) 377,892 (18,900)Gain on receipt of non-refundable deposit 150,000 - Unrealized loss on marketable securities (29,020) (49,237) Loss for the period (3,043,606) (2,561,669) Foreign currency translation 3,887,812 1,413,937 Total comprehensive income (loss) for the period$844,206 $(1,147,732) Basic and diluted loss per share$(0.00)$(0.00) Weighted average number of common shares outstanding 665,925,628 535,270,712 CONSOLIDATED CONDENSED INTERIM STATEMENTS OF CASH FLOWS (Unaudited) (Expressed in Canadian dollars) For the three months ended March 31, 2025 March 31, 2024 CASH FLOWS FROM OPERATING ACTIVITIES Loss for the period$(3,043,606)$(2,561,669)Items not involving cash: Share-based compensation 162,617 123,799 Interest expense 486,337 - Foreign exchange (gain) loss (377,892) 18,900 Gain on receipt of non-refundable deposit (150,000) - Unrealized loss on marketable securities 29,020 49,237 Changes in non-cash working capital items: (Increase) decrease in receivables (91,322) 19,706 Increase in prepaid expenses (214,282) (16,527)Increase in accounts payable and accrued liabilities 1,008,512 1,217,990 Net cash used in operating activities (2,190,616) (1,148,564) CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of property, plant and equipment (81,585) (2,369,406)Acquisition of exploration and evaluation assets (6,476,236) (5,525,982)Increase in deposits (45,079) - Net cash used in investing activities (6,602,900) (7,895,388) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from the Fundraise 91,566,076 - Share issue costs (4,052,721) - Increase in deferred financing fees - (85,646) Net cash provided by (used in) financing activities 87,513,355 (85,646) Change in cash during the period 78,719,839 (9,129,598)Cash, beginning of the period 9,589,029 25,791,552 Impact of foreign exchange on cash 645,273 353,795 Cash, end of the period$88,954,141 $17,015,749 Cash paid during the period for interest$- $- Cash paid during the period for income taxes$- $- CONSOLIDATED CONDENSED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY(Unaudited)(Expressed in Canadian dollars) Foreign Capital stock Share-basedcurrency Number of Capitalpaymenttranslation Shareholders’ sharesAmountcontributionreservereserveDeficit equity – total Balance at December 31, 2023535,270,712$128,394,652 $2,007,665$711,690$1,369,146$(42,391,158)$90,091,995 Foreign currency translation- - - - 1,413,937 - 1,413,937 Share-based compensation- - - 178,149 - - 178,149 Loss for the period- - - - - (2,561,669) (2,561,669)Balance at March 31, 2024535,270,712$128,394,652 $2,007,665$889,839$2,783,083$(44,952,827)$89,122,412 Balance at December 31, 2024535,270,712$128,394,652 $2,007,665$1,353,933$7,640,757$(43,457,278)$95,939,729 Share issuance pursuant toFundraise717,143,367 105,361,387 - - - - 105,361,387 Share issue costs- (4,382,774) - - - - (4,382,774)Foreign currency translation- - - - 3,887,812 - 3,887,812 Share-based compensation- - - 250,851 - - 250,851 Loss for the period- - - - - (3,043,606) (3,043,606)Balance at March 31, 20251,252,414,079$229,373,265 $2,007,665$1,604,784$11,528,569$(46,500,884)$198,013,399

FinTechInShorts

02.06.2025

Exploring EBADay 2025: Implementation Feasibility of VOP and Instant Payments | Fintech InShorts: Latest fintech news, analysis by experts

Discover the latest fintech news with Fintech Inshorts, Explore banking trends, financial innovation. expert analyses, blogs and fintech advancements.

Investing News Network

04.06.2025

Challenger Announces Completion of Hualilan Toll Milling Pre-Feasibility Study | INN

Challenger Gold Limited reports positive outcomes from Toll Milling Pre-Feasibility Study on Hualilan Gold project in Argentina, showcasing strong financial metrics and low upfront costs.

ForexTV

07.06.2025

Asante Provides Financial and Operating Results for the Quarter Ended April 30, 2025 - ForexTV

VANCOUVER, British Columbia, June 06, 2025 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) (“Asante” or the “Company”) announces the filing of its financial statements and management’s discussion and analysis (“MD&A”) for the three months ended April 30, 2025 (“Q1 2026”). All dollar figures are in United States dollars unless otherwise indicated. A summary of the financial and operating results for fiscal Q1 2026 are presented in this news release. For a detailed discussion of results for the first quarter, please refer to the Management’s Discussion and Analysis filed on SEDAR+ at www.sedarplus.ca and Asante’s website at www.asantegold.com. Dave Anthony, President and CEO stated, “We are pleased to report a significant ramp up in stripping operations during the first quarter, including the highest quarterly material movement at Bibiani in more than two years. Commissioning of the sulphide treatment plant will advance through July with full operations in August. Production and cost metrics were in line with annual guidance as noted in our recent five year outlook, which envisages growth to over 500,000 ounces per year by 2028 and free cash flow generation of over $2 billion through 2029. We look forward to updating investors on our financing process, which we expect to conclude by the end of July 2025.” Quarter ended April 30, 2025 Summary Financial Results Three months ended April 30($000s USD) except as noted2025 2024 Financial Results Revenue141,982 114,311 Total comprehensive loss1(20,038) (16,036) Adjusted EBITDA230,664 13,026 Operations Results Gold equivalent produced (oz)51,912 53,379 Gold sold (oz)48,190 53,600 Consolidated average gold price realized per ounce2 ($/oz)2,946 2,133 AISC22,971 1,879 Notes:(1) Total comprehensive loss attributable to shareholders of the Company(2) Non-IFRS measure. For a description of how these measures are calculated and a reconciliation of these measures to the most directly comparable measures specified, defined or determined under IFRS and presented in the Company’s financial statements, refer to “Non-IFRS Measures”. Asante’s revenue for the three months ended April 30, 2025 was $142 million, a 24% increase from $114 million in the same period in 2024. The increase in revenue was primarily driven by higher gold prices and partially offset by a lower volume of gold sold. In the three months ended April 30, 2025, the Company realized an average gold price of $2,946 per ounce on the sale of 48,190 gold equivalent ounces, compared to $2,133 per ounce on the sale of 53,600 ounces in the same period in 2024. Adjusted EBITDA for the three months ended April 30, 2025 was $30,664, compared to $13,026 in the same period in 2024. The increase in Adjusted EBITDA reflects gold prices at all-time high only partially offset by a lower volume of gold sold. The Company produced 51,912 gold equivalent ounces for the three months ended April 30, 2025, compared to 53,379 gold equivalent ounces in the same period in 2024. The decrease in gold production in the three-month period ended April 30, 2025 compared to the prior year comparable period was due to lower feed grades at Bibiani. Consolidated AISC increased by 58% for the three months ended April 30, 2025 compared to the same period in 2024 primarily due to additional costs at Bibiani resulting from increased stripping in the Main Pit and lower grade ore. Additionally, higher sustaining capital expenditures at Chirano as well as lower consolidated volume of gold equivalent sold contributed to this increase. Bibiani Mine – Summary of the quarter ended April 30, 2025 Results Three months ended April 30($000s USD) except as noted2025 2024 Waste mined (kt)11,412 2,472 Ore mined (kt)558 587 Total material mined (kt)11,970 3,058 Strip ratio (waste:ore)20.5 4.2 Ore processed (kt)581 596 Grade (grams/tonne)1.33 1.65 Gold recovery (%)68% 65% Gold equivalent produced (oz)17,241 19,183 Gold equivalent sold (oz)16,708 19,363 Revenue ($ in thousands)46,674 41,309 Average gold price realized per ounce12,794 2,133 AISC13,693 1,752 Note:(1) Non-IFRS measure. For a description of how these measures are calculated and a reconciliation of these measures to the most directly comparable measures specified, defined or determined under IFRS and presented in the Company’s financial statements, refer to “Non-IFRS Measures”. Total material mined increased by 291.4% in the three months ended April 30, 2025 compared to the three months ended April 30, 2024. In the three months ended April 30, 2025, ore mined totaled 558,133 tonnes, a 4.8% decrease from 586,536 tonnes in the same period in 2024. The increase in total material mined in the three months ended April 30, 2025 and the decrease in ore mined in the three months ended April 30, 2025 reflects the Company’s strategy to reduce the waste strip backlog associated with the expansion of the Main Pit, as well as the continued mining activities at the Russel satellite pit. Gold equivalent ounces produced in the three months ended April 30, 2025 was 17,241 compared to 19,183 in the three months ended April 30, 2024. The decrease in the three months ended April 30, 2025 was due to lower grade plant feed, impacted by draws from low-grade stockpiles whilst operations are focused on reducing the backlog of waste stripping. In addition, results were impacted by a high proportion of sulphide ore processed without the benefit of a sulphide treatment plant, which continues to limit gold recovery. AISC increased to $3,693 per ounce in the three months ended April 30, 2025, compared to $1,752 per ounce in the same period of 2024. The increase was primarily due to elevated stripping requirements, lower grade ore processed, and other higher sustaining capital expenditures. Bibiani Mine – Outlook For the year ending January 31, 2026, the Company plans to execute on its growth strategy which includes: The construction, commissioning, and optimization of the sulphide treatment plant with commissioning expected to begin by the end of Q2 2026, and full operations expected to begin in Q3 2026, significantly enhancing gold recovery.Plant throughput expansions including completion of an upgraded crushing system, which has already started and progressing to plan to achieve a throughput increase from 3.0 Mt/y to 4.0 Mt/y and create a robust crushing circuit.Plant upgrades to the carbon-in-leach (“CIL”) plant.Road construction connecting Bibiani to Chirano.Backup generator installation to ensure uninterrupted power to operations and reduced plant downtime.Commencement of underground mining. A definitive feasibility study has been completed, with the underground preparation program that already started targeting start of development in Q4 2026. Full production from the underground mine is planned for 2028, with an anticipated delivery of up to 2.6 Mt/year at an average in situ grade of approximately 3.0 g/t Au above the cutoff grade through 2030.Complete the advanced exploration grade control drilling program at Pamunu, Ayiseru, and Asempaneye to facilitate the development of new satellite pits in 2025, with the goal of improving oxide ore feed and maximizing plant throughput. External financing is being arranged to execute this growth strategy. The Company is currently pursuing various financing initiatives, and although there is no certainty that such financing initiatives will be completed, the Company is confident that it will be able to complete such initiatives in the near term. Subject to the availability of sufficient financing, the Company expects to successfully complete the above initiatives and produce between 155,000 and 175,000 gold ounces at Bibiani in the year ending January 31, 2026, including a significant increase in monthly production in the latter part of the fiscal year following advancement of the planned waste stripping program and completion of the sulphide treatment plant. Chirano Mine –Summary of the quarter ended April 30, 2025 Results Three months ended April 30($000s USD) except as noted 2025 2024 Open Pit Mining: Waste mined (kt) 1,742 2,734 Ore mined (kt) 321 612 Total material mined (kt) 2,063 3,347 Strip ratio (waste:ore) 5.4 4.5 Underground Mining: Waste mined (kt) 204 210 Ore mined (kt) 461 460 Total material mined (kt) 665 670 Ore processed (kt) 929 840 Grade (grams/tonne) 1.31 1.47 Gold recovery (%) 86% 86% Gold equivalent produced (oz) 34,671 34,196 Gold equivalent sold (oz) 31,482 34,236 Revenue ($ in thousands) 95,308 73,002 Average gold price realized per ounce13,027 2,132 AISC1 2,587 1,951 Note:(1) Non-IFRS measure. For a description of how these measures are calculated and a reconciliation of these measures to the most directly comparable measures specified, defined or determined under IFRS and presented in the Company’s financial statements, refer to “Non-IFRS Measures”. Ore mined from open pit mining decreased by 47.6% in the three months ended April 30, 2025 compared to the same period in 2024. Ore mined decreased in the three months ended April 30, 2025, due to decreased ore mining activity as a result of a focus on stripping activities at the Mamnao central, and Aboduabo open pits. Ore mined from underground mining was relatively constant in the three months ended April 30, 2025, compared to the same period in 2024. Obra, Suraw and Akwaaba were the contributors of underground material in the three months ended April 30, 2025 whilst development started at Akoti Far South to establish another stopping area, improving flexibility. Ore processed increased by 10.6% in the three months ended April 30, 2025 compared to the same period in 2024. The increase was mainly due to greater power availability and realised benefits from plant throughput improvement project initiatives. In the three months ended April 30, 2025, ore grade processed decreased to 1.31 grams per tonne (2024 - 1.47 grams per tonne) due to proportionally more plant feed from low grade stockpiles rehandled in 2025 as opposed to open pit ore in the comparable period. The increased in ore processed, offset by lower ore grades, resulted in marginal increased gold equivalent ounces produced of 34,671 ounces in the three months ended April 30, 2025 compared to 34,196 ounces in the three months ended April 30, 2024. AISC increased to $2,587 per ounce in the three months ended April 30, 2025 compared to $1,951 per ounce in the same period of 2024. This increase was primarily driven by higher sustaining capital expenditures and higher indirect costs associated with production as well as lower volume of gold equivalent sold. Chirano Mine – Outlook For the year ending January 31, 2026, the Company plans to execute on its growth strategy which includes: Execution of process plant projects as planned to improve performance and increase the annual mine production rate to 4Mt/annum. This includes vibrating screen for primary jaw crusher installation, run-of-mine bin refurbishment, apron feeder upgrade, cyclone feed hopper upgrade, carbon regeneration kilns upgrade, mill 2 feed end and half shell replacement, installation of 12-ton acid wash and elution columns, installation of thermic oil heaters, water storage facility construction, TSF1 SE stage 2 raise and TSF3 construction.Underground development of the Akwaaba, Tano and Akoti far south mines to ensure robust underground ore delivery.Development of exploration drifts towards the north to explore and target the reclassification of the resource at Sariehu and Mamnao underground mines and to reaffirm the north mine concept of existing continuity between Obra and Sariehu underground deposits.Start of Aboduabo open pit oxide mining.Ongoing underground exploration projects at the Suraw, Obra and open pit mine life extension projects at the Sariehu/Mamnao area are progressing as planned. The Company expects to produce between 155,000 and 175,000 gold ounces at Chirano for the year ending January 31, 2026. Qualified Person Statement The scientific and technical information contained in this news release has been reviewed and approved by David Anthony, P.Eng., Mining and Mineral Processing, President and CEO of Asante, who is a "qualified person" under NI 43-101. Non-IFRS Measures This news release includes certain terms or performance measures commonly used in the mining industry that are not defined under International Financial Reporting Standards (“IFRS”), including “all-in sustaining costs” (or “AISC”), “earnings before interest, taxes, depreciation and amortization” (or “EBITDA”), and free cash flow. Non-IFRS measures do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures employed by other companies. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS and should be read in conjunction with Asante’s consolidated financial statements. Readers should refer to Asante's Management Discussion and Analysis under the heading "Non-IFRS Measures" for a more detailed discussion of how Asante calculates certain of such measures and a reconciliation of certain measures to IFRS terms. About Asante Gold Corporation Asante is a gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana. Asante is currently operating the Bibiani and Chirano Gold Mines and continues with detailed technical studies at its Kubi Gold Project. All mines and exploration projects are located on the prolific Bibiani and Ashanti Gold Belts. Asante has an experienced and skilled team of mine finders, builders and operators, with extensive experience in Ghana. The Company is listed on the Canadian Securities Exchange, the Ghana Stock Exchange and the Frankfurt Stock Exchange. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana’s Golden Triangle. Additional information is available on the Company’s website at www.asantegold.com. About the Bibiani Gold Mine Bibiani is an operating open pit gold mine situated in the Western North Region of Ghana, with previous gold production of more than 4.5 million ounces. It is fully permitted with available mining and processing infrastructure on-site consisting of a newly refurbished 3 million tonne per annum process plant and existing mining infrastructure. Asante commenced mining at Bibiani in late February 2022 with the first gold pour announced on July 7, 2022. Commercial production was announced November 10, 2022. For additional information relating to the mineral resource and mineral reserve estimates for the Bibiani Gold Mine, please refer to the 2024 Bibiani Technical Report filed on the Company’s SEDAR profile (www.sedarplus.ca) on April 30, 2024. About the Chirano Gold Mine Chirano is an operating open pit and underground mine located in the Western Region of Ghana, immediately south of the Company’s Bibiani Gold Mine. Chirano was first explored and developed in 1996 and began production in October 2005. The mine comprises the Akwaaba, Suraw, Akoti South, Akoti North, Akoti Extended, Paboase, Tano, Obra South, Obra, Sariehu and Mamnao open pits and the Akwaaba and Paboase underground mines. For additional information relating to the mineral resource and mineral reserve estimates for the Chirano Gold Mine, please refer to the 2024 Chirano Technical Report filed on the Company’s SEDAR profile (www.sedarplus.ca) on April 30, 2024. For further information please contact: Dave Anthony, President and CEOFrederick Attakumah, Executive Vice President and Country Director info@asantegold.com+1 604 661 9400 or +233 303 972 147 Cautionary Statement on Forward-Looking Statements Certain statements in this news release constitute forward-looking statements or forward-looking information. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: production, free cash flow and all-in sustaining costs forecasts for the Bibiani and Chirano Gold Mines, estimated mineral resources, reserves, exploration results and potential, development programs, expansion and mine life extension opportunities, completion and timing of plant upgrades, commencement of underground mining, and completion and timing of external financing by the Company. These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: the impact of inflation and disruptions to the global, regional and local supply chains; tonnage of mineralized material to be mined and processed; future anticipated prices for gold and assumed foreign exchange rates; the timing and impact of planned capital expenditure projects, including anticipated sustaining, project, and exploration expenditures; risks related to increased barriers to trade, including tariffs and duties; ore grades and recoveries; capital, decommissioning and reclamation estimates; our mineral reserve and mineral resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions at any of our operations; no unplanned delays or interruptions in scheduled production; all necessary permits, licenses and regulatory approvals for our operations are received in a timely manner; our ability to secure and maintain title and ownership to mineral properties and the surface rights necessary for our operations, including contractual rights from third parties and adjacent property owners; whether the Company is able to maintain a strong financial condition and have sufficient capital, or have access to capital, to sustain our business and operations; and our ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the duration and effect of local and world-wide inflationary pressures and the potential for economic recessions; fluctuations in the price of gold; fluctuations in currency markets; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; employee relations; relationships and claims by local communities; changes in laws, regulations and government practices in the jurisdictions where we operate, including environmental, export and import laws and regulations; changes in national and local government, legislation, taxation, controls or regulations and political, legal or economic developments in countries where the Company may carry on business, including legal restrictions relating to mining, risks relating to expropriation; variations in the nature, quality and quantity of any mineral deposits that may be located, the Company’s inability to obtain any necessary permits, consents or authorizations required for its planned activities, the Company’s inability to raise the necessary capital or to be fully able to implement its business and growth strategies, and those risk factors identified in the Company’s management’s discussions and analysis and the most recent annual information form. The reader is referred to the Company’s public disclosure record which is available on SEDAR (www.sedarplus.ca). Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply 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. Except as required by securities laws and the policies of the securities exchanges on which the Company is listed, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. LEI Number: 529900F9PV1G9S5YD446. Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

ForexTV

10.06.2025

HepaRegeniX Doses First Patient in Phase Ib Trial with Small Molecule Inhibitor HRX-215 to Promote Liver Regeneration - ForexTV

Tuebingen, Germany, June 10, 2025 – HepaRegeniX GmbH (“HepaRegeniX”), a clinical-stage company advancing novel therapies to treat acute and chronic liver disease, today announced that the first patient has been dosed in their Phase Ib clinical trial of its lead candidate HRX-215. The trial is evaluating the safety and efficacy of HRX-215, an orally available small-molecule inhibitor of MKK4, in patients undergoing partial liver resection due to liver metastases deriving from colorectal cancer. HXR-215 is designed to treat advanced-stage liver disease by increasing the regenerative capacity of hepatocytes. An initial data readout is planned for the second half of 2025. “We aim to address a critical unmet need in patients with advanced liver disease who are often considered inoperable due to the limited regenerative capacity of the remaining liver after partial resection,” said Linda Greenbaum, Chief Medical Officer at HepaRegeniX. “HRX-215 may offer a new therapeutic option by promoting hepatocyte regeneration, thereby increasing the safety and feasibility of liver resections in patients who have insufficient predicted postoperative liver mass and/or reduced liver function associated with fatty liver (steatosis) or liver scarring (fibrosis).” “Dosing the first patient in this trial marks an important milestone for HepaRegeniX as we advance HRX-215 into the next stage of clinical development,” said Elias Papatheodorou, Chief Executive Officer at HepaRegeniX. “Together with our recently completed €21.5 million Series C financing round, we are well-positioned to advance HRX-215 through clinical development and ultimately improve outcomes for patients facing limited treatment options.” The randomized, double-blinded Phase Ib/IIa trial (NCT06638502), conducted in the United States, will evaluate the safety and efficacy of HRX-215 in 85 patients with liver metastases originating from colorectal cancer. Participants will be divided into three cohorts: (1) active treatment arm for patients requiring minor liver resection ( 30%), (2) active treatment arm including patients requiring major liver resection (50 – 72%), and (3) active treatment and a placebo comparator arms for patients requiring major liver resection. The study builds on preclinical and clinical data published in Cell in March 2024, which demonstrated the potential of HRX-215 to significantly boost liver regeneration and prevent post-hepatectomy liver failure (PHLF) in animal models and which demonstrated acceptable safety profile and pharmacokinetics in a Phase I trial in healthy participants. The compound showed favorable safety and tolerability, with no drug-related adverse events observed. About HRX-215 and Liver RegenerationPatients with late-stage liver disease often have limited therapeutic options beyond surgical intervention. Successful liver resection depends on the ability of the remaining liver, known as the future liver remnant (FLR), to sustain essential functions and regenerate. When the FLR is insufficient in volume or function, the risk of post-operative liver failure increases significantly, rendering many patients ineligible for potentially curative surgery. HRX-215 is an orally available small molecule inhibitor of mitogen-activated protein kinase kinase 4 (MKK4), a key regulator of liver regeneration. By selectively inhibiting MKK4, HRX-215 has been shown in preclinical models to stabilize and protect hepatocytes, while accelerating and enhancing regenerative processes, even in compromised or diseased livers. This therapeutic approach has the potential to expand surgical eligibility to patients requiring extended liver resection who would otherwise be deemed inoperable, offering a new path to potentially lifesaving treatment. About HepaRegeniX GmbHHepaRegeniX is advancing therapies to treat acute and chronic liver diseases based on the groundbreaking discoveries of a novel cellular target and small molecules that enable the liver to regenerate rapidly. We do so by harnessing the liver’s inherent regenerative power not only in healthy but also in diseased livers. The company’s lead candidate, HRX-215, an orally available small molecule currently in a Phase Ib/IIa trial, selectively inhibits Mitogen-Activated Protein (MAP) Kinase Kinase 4 (MKK4), a master regulator of liver regeneration. Building on demonstrated safety in clinical trials, HepaRegeniX is progressing HRX-215 to prevent post-hepatectomy liver failure, facilitate transplantation of smaller living donor liver grafts, and treat severe alcohol-associated hepatitis. Beyond liver diseases, the company is also developing HRX-233 to target kinase inhibitor treatment resistance in KRAS-driven tumors. HepaRegeniX is backed by experienced life science investors, including Vesalius Biocapital IV, Novo Holdings A/S, Boehringer Ingelheim Venture Fund (BIVF), Coparion, High-Tech Gründerfonds, Ascenion GmbH and Wellington Partners. Visit our website at www.heparegenix.com to learn more about the company. For further information, please contact:HepaRegeniX GmbHElias PapatheodorouChief Executive Officerinfo@heparegenix.com Media InquiriesTrophic CommunicationsCharlotte Spitz or Gretchen Schweitzer Tel: +49 171 351 2733Email: heparegenix@trophic.eu

ForexTV

23.06.2025

LEADING EDGE MATERIALS' INVESTOR UPDATE AND SIGNIFICANT ACTIVITIES - ForexTV

LEADING EDGE MATERIALS’ INVESTOR UPDATE ON SIGNIFICANT ACTIVITIES Vancouver, June 22, 2025 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) provides an investor update on significant activities. Overview - Becoming a European CRM producer Concerns about critical raw materials - security of supply, supply chain resilience and defence requirements - have been recurring themes at conferences attended by the Company in recent months, with Heavy Rare Earth Elements (“HREEs”) and natural graphite frequently mentioned; geopolitical uncertainty is the new norm and it is driving partnership, collaboration and greater levels of support for mining. On June 17, 2025, the G7 Critical Minerals Action Plan was announced focused on ‘diversifying the responsible production and supply of critical minerals, encouraging investments in critical mineral projects and local value creation, and promoting innovation’ in the G7, and with partners beyond, working together and ‘to swiftly protect our economic and national security’'. At the EIT Raw Materials Summit in March, graphite and defence were frequent mentions on the first day, with widespread calls for more action, now the Critical Raw Materials Act is in force, and the need for more money. Against this backdrop, LEM’s Critical Raw Materials (“CRMs”) portfolio is very well positioned and the Company is working on becoming a European CRM producer. Norra Kärr is a globally significant source of HREEs with the economic advantage of valuable industrial minerals, specifically nepheline syenite; a production start within 3–4 years is in reach. In parallel, we are evaluating the restart of production from the fully built and permitted Woxna Graphite mine. On exploration, and possibly future production, we have strengthened our position in Romania, with Leading Edge Materials Romania (“LEMR”) being granted ownership and operational permits for the Avram Iancu mine by CNCAN (National Commission for Control of Nuclear Activities) under the supervision of IAEA (International Atomic Energy Agency) and European Atomic Energy Community (EURATOM). This is significant recognition of the funds invested and commitment made by the Company in country and gives us real ‘owner-operator’ autonomy over a deposit described as ‘one of the most important deposits [historically] in operation in Bihor (IAEA report, November 1997) and noted for uranium, copper, lead, nickel and zinc mineralization (IMWA Symposium 2007: Water in Mining Environments, May 2007). Norra Kärr – Application progresses On 8 April, the CEO was invited to Solvay’s inauguration of a new production line for rare earth permanent magnets (“REPM”) in France. Solvay is partnering with emerging mining and recycling players to accelerate the establishment of a robust, reliable, and sustainable supply chain, crucial for Europe’s competitiveness and industrial and technological sovereignty. The essential creation of a European rare earth supply chain was again the theme of Solvay’s presentation at The Rare Earth Industry Association (“REIA”) Conference in Montreal last week. In recent months, the Company’s application for a new Exploitation Concession (“Bearbetningskoncession”), 25-year mining lease has been out for consultation. The County Administrative Boards (CABs) of Jönköping and Östergötland have now communicated that they, at this time, cannot approve the Environmental Impact Assessment (“EIA”) submitted by the Company’s Swedish subsidiary GREENNA Mineral AB. The CABs state that additional data and analysis are needed. The decision and statement from the CABs tell us that we have some additional work to do describing the impact of the project, with an emphasis on water, cultural values and impact on other forms of land use. Obviously, these are crucial topics that must be addressed properly in our application. It should be noted that while the CABs reject our application as it currently stands, they also offer us the opportunity to supplement it. The Company’s Swedish environmental permitting team is already reviewing the comments from the CABs in detail, and we believe that we will be able to respond with supplementary information to our application to the satisfaction of the CABs and other stakeholders. Developing Norra Kärr is of the utmost importance not only for Sweden, but for Europe. Geopolitical tensions and unstable global trade flows mean that it is more important than ever to produce HREEs in Sweden. That will enable us to extract metals that are essential to both achieving a complete energy transition and secure our defences. Europe relies heavily on China for its imports of HREEs. China dominates all stages of the rare earth elements supply chain from mining to permanent magnet manufacturing. The speed at which China can build new production is awe inspiring, and, with an established industrial base decades in the making, it has the ability to innovate beyond anything Europe can dream. Europe is compelled to change its ways, think and act radically differently to have a secure future. Highlighting Sweden’s role in CRMs, Sweden’s Energy, Business and Industry Minister Ebba Busch recently stated that “Sweden has unique opportunities to be and remain a strong player in global mineral politics. We have the most sustainable mining industry in the world – ethically sustainable, environmentally sustainable, and with good working conditions.” The Company is developing and will manage Norra Kärr with social acceptance and transparency towards the local community as its primary considerations. The new application for mining license represents a reduction of 65 percent in land area compared to the old application which was initially approved in 2013. Chemical processing of the HREE-rich eudialyte concentrate will take place at an existing industrial location, and not on site. With the elimination of chemical processing, the Company has largely addressed stakeholder concerns about pollution risk to Lake Vättern. The changes to the application are in response to the public’s concerns to the old application. This is what responsible mining companies do, they listen. Proposed activities at site are now similar to those of a quarrying operation; similar to what already exists around Lake Vättern. Our target is to make products from 100% of what we extract, HREE-rich eudialyte concentrate and industrial mineral nepheline syenite being the two most critically important. Looking ahead, a Swedish mining license (sw. Bearbetningskoncession) is decided by the Chief Mining Inspector. If the Chief Mining Inspector and CABs disagree about an application, the Government can then make the decision. Our objective is to provide supplementary information and explanation on the sufficiency of our enhanced application to the full satisfaction of the CABs, so that the development of Norra Kärr can progress unimpeded. Alongside the mining lease process, Pre-feasibility (“PFS”) workstreams are underway. Testwork has now been completed on nepheline syenite and aegirine to determine their mineralogy, chemical composition, and leachate chemistry. The promising results are being used to determine possible market segments and specifications that can be achieved, potential demand and pricing, to be included in an updated PFS economic model for Norra Kärr. The Company envisages the PFS will be completed in Q1 2026. Woxna Graphite Mine – Potential Restart The Company is collaborating with an engineering consultant on updating the in-house production restart study, originally completed in 2022. We have initiated crushing testwork on Woxna ore to explore improved liberation and preservation of graphite flakes. Additionally, metallurgical testwork is planned to evaluate potential upgrades to the processing plant, aimed at optimizing performance. Our objective is to produce a high-quality, high-grade flake graphite concentrate. We continue to receive inbound enquiries and remain optimistic about Woxna’s future prospects. This ongoing workstream will support the development of a new business plan, which could facilitate future project financing discussions and potentially unlock access to Swedish or EU public funding. Bihor Sud – Major Milestone Exploration activities at the Bihor Sud project have continued steadily, bolstered by the addition of four new geologists who joined the team in January. Recent work has included underground mapping, diamond drilling, geophysical surveys, core logging, and sampling. To accelerate progress, the Company plans to change drilling contractors within the next one to two months. The Company remains focused on defining a large-scale, mineable mineral resource at Bihor Sud, particularly within gallery G2, where exploration is targeting promising zinc-lead-copper-silver mineralization. Results to date have been encouraging and highlight the project's strong potential for a significant polymetallic discovery. A major milestone was the granting of ownership and operational permits for the Avram Iancu mine. Historical mining and exploration at this site have left behind hundreds of kilometres of galleries and underground workings. In addition to ongoing work at G2, the Romanian team has initiated preliminary investigations at Avram Iancu. They successfully located the entrance to a 3-kilometre tunnel observed to be in good condition. Based on historical reports, this tunnel connects with up to 15 kilometres of workings and zones containing massive sulphides in carbonate-replacement deposits with primary copper-bearing minerals—including chalcocite and bornite. On behalf of the Board of Directors,Leading Edge Materials Corp. Kurt Budge, CEO For further information, please contact the Company at:info@leadingedgematerials.comwww.leadingedgematerials.com About Leading Edge Materials Leading Edge Materials is a Canadian public company focused on developing a portfolio of critical raw material projects located in the European Union. Critical raw materials are determined as such by the European Union based on their economic importance and supply risk. They are directly linked to high growth technologies such as lithium-ion batteries and permanent magnets for electric motors, wind turbines and defense applications. The portfolio of projects includes the 100% owned Woxna Graphite mine (Sweden), 100% owned Norra Kärr Heavy Rare Earth Elements project (Sweden), and the 51% owned Bihor Sud Nickel Cobalt exploration alliance (Romania). Additional Information The information was submitted for publication through the agency of the contact person set out above, on June 22, 2025, at 23:30 Vancouver time. Leading Edge Materials is listed on the TSXV under the symbol “LEM”, OTCQB under the symbol “LEMIF” and Nasdaq First North Stockholm under the symbol “LEMSE”. Svensk Kapitalmarknadsgranskning (“SKMG”) is the Company’s Certified Adviser for the Nasdaq First North Growth Market (Stockholm) and may be contacted via email ca@skmg.se or by phone +46 (0)8 913 008. Reader Advisory This news release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, changes in the Company’s intended use of proceeds from the Private Placement, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release. Attachment 20250621 LEM - Update on Significant Activities FINAL

UK Investor Magazine

26.06.2025

AIM movers: Ariana Resources reports increased value for Dokwe and ex-dividends - UK Investor Magazine

Ariana Resources (LON: AAU) says that the revised Dokwe North pre-feasibility study economic model shows a NPV10 of $354m. That is based on a gold price of $2,750/ounces. All-in sustaining cost is estimated at $1,144/ounce. When the project in Zimbabwe was acquired, it had an NPV10 of $69m. Annul production of up to 100,000 ounces […]

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