• Three (3) drill holes from the 2025 drill program with strong analytical results are reported herein:
  • CS25-036: nine (9) separate intervals, the widest being 272.5 m at 1.61% Li₂O.

• CS25-038: 17 separate intervals, the widest being 66.5 m at 1.55% Li₂O and
  58.9 m at 1.09% Li₂O.
  • CS25-039: 12 separate intervals, including:
    • 108.5 m at 1.62% Li₂O,
    • 71.0 m at 1.84% Li₂O,
    • 77.7 m at 1.48% Li₂O, and
    • 107.4 m at 1.87% Li₂O

• Three (3) drill rigs continue to operate on the Cisco Project, with a fourth scheduled to start at the end of October 2025.

• The upcoming drilling programs will be primarily focused on infill-scale drilling within the main mineralized zone, supporting the Company’s efforts to deliver an initial inferred Mineral Resource Estimate in the first half of 2026.

VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) — Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) (“Q2” or the “Company”) is pleased to report assay results from the ongoing 2025 drill program (the “2025 Drill Program”) at the Company’s Cisco Lithium Project (the “Project” or the “Cisco Project”), located within the greater Nemaska traditional territory of the Eeyou Istchee James Bay region of Quebec, Canada.

“Hole 36, with its 272.5 metres of continuous spodumene pegmatite grading 1.61% Li₂O is a significant confirmation of the substantial width of the Mineralized Zone, especially when considered alongside intervals such as the 347 metres of continuous spodumene pegmatite in Hole 21,” said Neil McCallum, Vice President of Exploration for Q2 Metals. “Importantly, the Mineralized Zone remains open at depth and along strike, indicating strong potential for further expansion. Our geology team has designed a robust drilling program for the upcoming drilling program as we continue to define the extent of the Mineralized Zone and advance toward an inferred Mineral Resource estimate.”

The analytical results reported herein represent the first three (3) drill holes completed during the summer 2025 drill campaign.

As previously reported (see news release of June 10, 2025), hole CS25-036 was paused prior to the start of this year’s goose-hunting season break and ended before the intended completion depth. Several wide pegmatite intervals were intercepted, and assays were reported on the first 302 metres (“m”) of drilling completed during the winter 2025 drill campaign. The entirety of the assays on drill hole CS25-036 are now reported herein. The analytical results continue to confirm the robust width of the mineralized zone at this location.

Drill holes CS25-038 and 039 confirmed the mineralization at the southern portion of the mineralized zone with many intervals reporting greater than 1.5% Li2O. Drilling at the Cisco Project is ongoing, with three (3) drill rigs currently operating on site. A fourth drill rig has been mobilized to site and is scheduled to start at the end of October 2025, further accelerating the pace of the exploration program.

The primary focus of the fall and winter drilling campaign with be on infill-scale drilling within the main mineralized zone. The work is designed to support the Company’s objective of delivering an initial inferred Mineral Resource Estimate in the first half of 2026.

Pegmatite intervals and analytical results from the current program will be reported as they are received and reviewed.

Figure 1. Map of Recent Drill Holes with Analytical Results at Cisco Property

Figure 2. Cross-Section E, Hole-36 in relation to the Exploration Target

Table 1. Summary of Analytical Results of Drill Holes CS25-036, 038 and 039 at Cisco Project

All intervals of greater than 2 m of core-length and greater than 0.30% Li2O are included in Table 1. Internal dilution of non-pegmatite material was limited to intervals of less than 5 m. No specific grade cap or lower cut-offs were used during grade and width calculations. All intervals are reported as core widths and mineralized intervals in all the holes drilled thus far are not representative of the true width as the modelled pegmatite zones are being refined with every additional hole.

Drill Hole Collar Information

The summary of drill holes CS25-036, CS25-038 and CS-25-039, including basic location and dip/azimuth, is detailed below (Table 2).

Table 2. Summary of Drill Hole Collar Information, Cisco Project (CS25-036, CS25-038 and CS-25- 039)

Sampling, Analytical Methods and QA/QC Protocols

All drilling was conducted using diamond drill rig with NQ sized core and all drill core samples are shipped to SGS Canada’s preparation facility in Val D’Or, Quebec, for standard sample preparation (code PRP92) which includes drying at 105°C, crushing to 90% passing 2 mm, riffle split 500 g, and pulverize 85% passing 75 microns. The pulps are then shipped by air to SGS Canada’s laboratory in Burnaby, BC, where the samples are homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (code GE_ICM91A50). The reported Li grade will be multiplied by the standard conversion factor of 2.153 which results in an equivalent Li₂O grade. Drill core was saw-cut with half-core sent for geochemical analysis and half-core remaining in the box for reference. The same side of the core was sampled to maintain representativeness.

A Quality Assurance / Quality Control (QA/QC) protocol following industry best practices was incorporated into the sampling program. Measures include the systematic insertion of quartz blanks and certified reference materials (CRMs) into sample batches at a rate of approximately 5% each. Additionally, analysis of pulp-split and reject-split duplicates was completed to assess analytical precision. The QP has verified the QA/QC results of the analytical work.

Qualified Person

Neil McCallum, B.Sc., P.Geol, is a Qualified Person as defined by NI 43-101, and a registered permit holder with the Ordre des Géologues du Québec and member in good standing with the Professional Geoscientists of Ontario. Mr. McCallum has reviewed and approved the technical information in this news release. Mr. McCallum is a director and the Vice President Exploration for Q2.

Upcoming Events

Q2 is attending the following conferences and events:

ABOUT Q2 METALS CORP.

Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project located within the greater Nemaska traditional territory of the Eeyou Istchee, James Bay, Quebec, Canada.

Cisco is comprised of 801 claims, totaling 41,253 hectares, with the main mineralized zone just 6.5 km from the Billy Diamond Highway, which transects the Project and leads to the Town of Matagami, rail head of the Canadian National Railway, approximately 150 km to the south.

The Cisco Project has district-scale potential with an initial Exploration Target estimating a range of potential lithium mineralization of 215 to 329 million tonnes at a grade ranging from 1.0 to 1.38% Li₂O, based only on the first 40 holes drilled. An Exploration Target is used to provide a conceptual estimate of the potential quantity and grade of a mineral deposit, based on known and additional limited geological evidence. It is an early-stage assessment that will help to guide further exploration, but it is not a mineral resource or mineral reserve and should not be treated as such.

Drill testing continues with mineralization open at depth and along strike with potential for expansion at the Cisco Mineralized Zone. The 2025 Exploration Program is ongoing, with rolling assay results anticipated in the coming weeks and months as the Company works towards an initial mineral resource estimate.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Alicia Milne
President & CEO
Alicia@Q2metals.com

Jason McBride
Investor Relations Manager
Jason@Q2metals.com

Chris Ackerman
Corporate Development
Chris@Q2metals.com

Telephone: 1 (800) 482-7560
E-mail: info@Q2metals.com

WWW.Q2Metals.com

Follow the Company: Twitter, LinkedIn, Facebook, and Instagram

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company’s properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, drilling results on the Cisco Project and inferences made therefrom, the conceptual nature of an exploration target on the Cisco Project, the potential scale of the Cisco Project, the focus of the Company’s current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company’s expectations in connection with the projects and exploration programs being met, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, reallocation of proposed use of funds, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedarplus.com .  

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

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.

Golden Cross has now completed 10 holes for over 2,300 metres of diamond drilling at the Reedy Creek Project. Drilling has initially focused on confirming the presence of multiple vein sets, variable silicification and zones of sulphide mineralization consistent with orogenic-style systems.

Assays received from the first three diamond drillholes comprising 393.21 metres drilled into the Prince of Wales target. Assay results received from this first-pass testing, aimed at vectoring future drilling, include: 10.8 metres at 2.08 g/t gold from 28 metres in PWD004, including 0.5 metres at 24.4 g/t Au from 28 metres.

Drilling successfully enhanced the three-dimensional targeting model with sub-surface geological and structural data collected. Resampling of historical and previously unsampled drill core by Golden Cross has returned compelling results, including 23 metres at 3.01 g/t Au from 22 metres (RWB10); 9 metres at  3.64g/t Au from 38 metres in (RWB12) and 10 metres at 2.81 g/t Au from 37 metres in (RWB13).

Visibly the core shows a strong correlation with the dominant regional gold mineralization trends, as seen at Fosterville and Costerfield. That is, the gold bearing quartz veins are found in folded marine sedimentary rocks – a classic host for Victorian style gold.

At Price of Wales, visible gold was seen in core within the low-grade halo at 40.5 metres depth within drillhole PWD004. At Shepherd’s Hill visible gold was observed from samples of mullock located within 10m of drill collars SHD001-003. Trace amounts of stibnite, an ore of antimony, were observed within a quartz vein encountered by SHD002 at a depth of 231.57m, final assays from this hole are pending.

Matthew Roma, CEO, commented, “The geological interpretations identified to date are very encouraging, suggesting a strong possibility that this area could host a significant ‘Victorian-style’ gold deposit at greater depths. With a fully funded Phase 2, 10,000-metre drill program, our primary objective is to vector into the source of this gold system.”

Alan Till, VP Exploration, commented: “These first pass diamond holes have intersected significant gold mineralization, arsenic pathfinder signatures and lower tenor gold halos around quartz reefs, validating the structural targeting approach the company has adopted that has successfully delivered high-quality structural information, materially improving the three-dimensional targeting model used at Reedy Creek.

“Drilling has highlighted clear dilation zones for prioritised follow-up drilling, with the company looking forward to integrating the remaining assay results and advancing targeted drilling on the most prospective structural corridors.”

Maiden drilling completed was also designed to prioritize structural information to develop a precise three-dimensional exploration model, rather than duplicating prior results to effectively target second phase deeper drilling aimed at testing the greatest potential for mineralization.

Drilling to date has successfully intersected targeted multiple vein sets and associated zones of alteration, with orientated core providing key structural data such as measured vein orientations and fault relationships for Phase 2 drilling.

Assay results confirm that all drillholes completed to date have encountered gold mineralization within an arsenic halo, suggesting we are in the outer parts of the gold bearing system.

Significant mineralization was returned in PWD004: 10.8 metres at 2.08g/t Au from 28 metres in PWD004, including 0.5 metres at 24.4 g/t Au from 28 metres.

Next Steps: Ongoing drilling at the Reedy Creek Goldfield as well as the first ever drill program at Welcome Reef. Seven holes totalling approximately 1,900 metres of assays are currently pending from Phase 1 drilling and will be used to refine the Phase 2 drill program. Fully funded 10,000-metres phase 2 drill program with two rigs actively drilling across the Reedy Creek Project.

Targeted re-sampling of historical drill core and previously unsampled intervals was undertaken in order to verify historic gold analyses; determine and identify the presence of any geochemical zonation, or pathfinder elements related to the mineralization; establish the nature of the gold envelope surrounding discrete gold bearing quartz veins; capture gold, antinomy and pathfinder elements, more notably arsenic.

Initial results have returned compelling results that both verify past high-grade intercepts and provide new geochemical vectors to refine future drilling, highlights include: 23m at 3.01 g/t Au from 22m in RWB10, including 2m at 32.25 g/t Au; 9m at 3.64 g/t Au from 38m in RWB12, including 5m at 5.72 g/t from 39m; and 10m at 2.81 g/t Au from 37m in RWB 13, including 2m at 8.45 g/t Au from 40m.

Resampling has successfully verified the previous work completed by Great Pacific Gold (GPAC); established a strong correlation between arsenic and gold, providing an excellent vectoring technique for targeted drilling.

While no significant assays were returned for antimony, the company believes this is an indication that the Reedy Creek goldfield may be located relatively ‘high’ in the mineralized system with. This is supported by the strong association with arsenic and is similar to the pattern seen at Fosterville.

The company has identified the presence of nuggety gold mineralization. Nuggety gold in shallow drillholes occurs as coarse particles or discrete veins, causing high variability between adjacent samples and making small samples prone to under- or over-estimating true grade.

The company further reports that it has entered into an agreement with Machai Capital Inc. dated September 29, 2025, under which Machai will provide a digital marketing campaign. The term of the agreement is for three months for a total retainer of $250,000 plus GST, to be paid as services are provided and invoiced against marketing campaign spend.

Golden Cross Resources focused on advancing the Reedy Creek gold project in Victoria, Australia. Located just 10 km from Southern Cross Gold’s Sunday Creek discovery, the project covers two contiguous tenements in one of Australia’s most active epizonal gold corridors.

The company has now garnered two very significant permits for its gravel/rock quarry and cement operations: Notice of Departure (NoD) at the New Craigmont Project from the Ministry of Mining and Critical Minerals, formerly known as the Ministry of Energy, Mines and Low Carbon Innovation (EMLI), to operate a rock quarry. Under the NoD the company can extract of up to 3.0 million tonnes of inert available rock material that may be used for the infrastructure reconstruction efforts at a production rate of approximately 1,500 tonnes per day.

Extension of Gravel Pit mine life (Permit G1519) and Permit to Construct, Use, And Maintain Works Within a Right-of-Way of a Provincial Public Highway (Permit/File Number: 2024-05539), the latter which was received on September 5, 2025.

Garnering all required permits to operate and expand gravel pit operations, coupled with the installation of an underground culvert allowing for aggregate to be transferred from opposite side of the highway, has significant long term implications: Teck Resources’ Highland Valley Copper (HVC) has received permit approval from the British Columbia Ministry of Mines for its planned $2.5 billion expansion project. The approval marks a major milestone for Canada’s largest copper operations. LNSS has secured contracts to supply gravel and cement for the project, which will be sourced from Nicola’s gravel pit and ready-mix cement plant.

LNSS has secured contracts with the Ministry of Transportation and various private sector entities that will be sourced from the site; potentially extends gravel pit operations for decades.

Peter Espig, CEO, commented, “Though Nicola continues to solidify itself as a regional milling partner and operator of the Dominion Gold Project, which we will provide updates soon, we highlight an emphasis on operational revenues as the fuel of expansion. We recognize that the rock quarry, gravel pit and cement ready-mix plant are not our long-term core revenue generators; however, it all contributes to a solid bottom line. In addition, these operations are a catalyst to work closely with First Nations, local communities, and numerous infrastructure projects.”

Nicola Mining Inc. maintains a 100%-owned mill and tailings facility, located near Merritt, B.C. It has signed Mining and Milling Profit Share Agreements with high-grade BC-based gold projects. Nicola’s fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.

The company owns 100% of the New Craigmont Project, a property that hosts historic high-grade copper mineralization and covers an area of over 10,800 hectares along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper, Canada’s largest copper mine. The company also owns 100% of the Treasure Mountain Property, B.C., which includes 30 mineral claims and a mineral lease, spanning an area exceeding 2,200 hectares.

The program was designed to test below historical and significant drill results that ended in mineralization, including 146.4 metres at 1.0 g/t AuEq in hole PG-32 and 85.4 metres at 1.0 g/t AuEq in hole PG-36C that was drilled in the opposing direction some 70 metres away.

The first hole REP18 was collared near hole PG-32 with a steeper inclination and was designed to test the extent and potential continuation of the wide mineralized zone past the end of hole PG-32. The company confirms visually that REP18 intersected 242 metres (from 282-to 524 metres down the hole) of the same intensely clay altered, flow-banded rhyolite unit with similar levels of alteration and fine-grained sulphide content, that was intersected in the 146.4 metre mineralized section of hole PG-32.

Because of the steeper inclination, the hole trace of REP18 is approximately 40 metres below and parallel to hole PG-32 when viewed on a vertical cross section. The bottom 30 metres of the mineralized rhyolite in hole REP18 includes an increase in deformation and the amount of dark hairline fractures that may also contain very fine grained sulphides. This lower 30-metre section did not include a significant increase in quartz veining or silica flooding as potentially envisioned.

The drill has been moved to drill a cross-over hole REP22, with an opposing direction and inclination to REP18, in order to confirm the true width and orientation of the 242-metre long altered rhyolite zone. Once hole REP22 is completed, a decision will be made to drill a hole deeper below hole REP18 or 22 to test for the potential occurrence of higher silica and higher sulphide content (higher gold grades) that could be the potential source of the significant alteration and mineralization in the altered rhyolite in hole PG-32, closer to surface.

A second drill has been added to the project and has been set up on Target Hill (#4), located at the NE end of the 1.7km structural corridor that includes altered rhyolites. Target Hill is a highly altered rhyolite dome that had been previously drilled with a hole that intersected 300 metres of 0.12 g/t gold from surface. Hole REP25A will test to a greater depth and at a different orientation to the historical hole.

“We are pleased to see the extent of altered and mineralized rhyolite zone and look forward to seeing the assay results which have been prioritized at the lab and will be released in the coming weeks once received and reviewed,” stated Don Dudek, Senior Exploration Advisor for Wolfden. “The addition of the second rig, will also allow us to speed up the program and add additional holes as warranted.”

Wolfden has optioned the Rockland property and can earn up to a 75% interest in the property.

Grab samples were collected by at least four different exploration teams, including those that had completed the drilling. It is believed that the prospecting grab sample data noted in this release, accurately reflect the gold content of the rocks, especially since different groups returned anomalous assays from the same area and that at least one of the groups, had an active, documented drill sample QAQC program in 2006 and 2007.

“A critical metallurgical assessment is an important step forward at the KM98 project,” said Scott Sheldon, CEO of Go Metals. “Determining the types and quality of magnetite and ilmenite concentrates that the system can produce is essential information for potential end-users. Starting with metallurgy provides the company with a clearer picture of the project’s potential value.”

The company collected ten large samples, each weighing 10 to 15 kilograms, from outcrop and subcrop along a 240-metre section of the Roadside Occurrence. The samples include both massive and semi-massive oxide mineralization from a central portion of a 12-km magnetic anomaly.

Metallurgical testing will be carried out by IOS Géosciences in Chicoutimi, Québec. Initial work on a small set of samples will define processing parameters, which will then be applied to the full suite. The program will evaluate recovery and concentrate quality for magnetite, ilmenite, and vanadium, with additional data collected on nickel, cobalt, copper, and scandium. These results will provide the first reconciliation of mineralogy and chemistry at KM98 and establish baseline recovery data to support future economic studies. Preliminary results are expected in December 2025, followed by a comprehensive metallurgical report.

The newly acquired ground was strategically staked adjacent to QIMC’s Southampton area and QMET’s Springhill area, where recent exploration results have highlighted the region’s strong results for natural hydrogen. QMET believes these findings materially increase the development of the surrounding acreage, and the additional claims were secured to strengthen the Company’s exposure to clean natural hydrogen districts.

“Our decision to expand directly next to QIMC’s Southampton claims was driven by the recent technical results recently released from that area,” said Richard Penn, CEO of QMET. “We are determined to secure the most prospective ground alongside our partners. This positions QMET to maximize value as momentum builds in Nova Scotia’s hydrogen basin.”

Upcoming Development Programs

QMET confirms that its partners QIMC and INRS will return to Nova Scotia on October 5, 2025, to continue advancing exploration. Fieldwork will focus on expanding datasets and preparing for Phase 3 and Phase 4 programs across QMET’s enlarged land package.

“These upcoming phases will allow us to build on the success at Southampton and Springhill area refine our exploration model across a much larger, contiguous land position,” added Penn. “By expanding next to proven results, we are enhancing the potential scale of what could become a major clean energy development in Atlantic Canada.”

Support for New Pro-Growth Legislation

QMET also applauds the Province of Nova Scotia for introducing new legislation designed to streamline permitting, reduce red tape, and support responsible natural resource development. The Company views these pro-growth measures as an important catalyst for job creation, clean energy innovation, and investment in the province.

About Q Precious & Battery Metals Corp.

Q Precious & Battery Metals Corp. (CSE: QMET) (OTC Pink: BTKRF) (FSE: 0NB) is a Canadian natural resource exploration company with 100% owned mineral projects in Quebec and Nova Scotia focused on the exploration of critical and precious metals, as well as natural white hydrogen. Flagship projects include the LaCorne South Critical Minerals Project and the recently acquired Matane in Quebec, and the Colchester Natural Hydrogen Projects in Nova Scotia, in a collaboration with Quebec Innovative Materials Corp. (CSE: QIMC).

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable Canadian securities legislation, including but not limited to statements regarding: exploration potential, geological characteristics, potential hydrogen discoveries, leveraging known geological conditions, replicating successful exploration models, expanding strategic collaborations, and anticipated exploration plans, milestones, timelines, and benefits arising from the collaboration agreement with Quebec Innovative Materials Corp. (QIMC). Such forward-looking statements are subject to numerous risks, uncertainties, and assumptions, including but not limited to: potential delays; geological uncertainties and the speculative nature of mineral and hydrogen exploration; actual exploration results differing materially from expectations; inability to replicate prior exploration successes or geological conditions of other projects; availability of financing; volatility of commodity prices; competition and market conditions affecting hydrogen and mineral exploration; operational and technological risks; unforeseen environmental and permitting challenges; legal and contractual uncertainties; general business, economic, competitive, political, and social uncertainties; and the risk that anticipated benefits of the collaboration with QIMC will not be realized. Although QMET believes these statements and expectations reflected therein are based upon reasonable assumptions as of the date hereof, there can be no assurance that these assumptions will prove accurate, and actual results or developments may differ materially from those projected. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements contained herein, whether as a result of new information, future events, or otherwise, except as required by law.

PTX is focused on advancing its two flagship projects, the W2 copper-nickel-platinum group elements property located in the Ring of Fire region of northern Ontario and the Shining Tree Gold project, which is situated near established gold mines in the Timmins, Ont., region.

The company recently announced plans to launch a work program at the W2 project that is expected to prepare the project for a directed-upcoming drill program.

In a press release on September 8, 2025, the company said it was planning to complete a non-brokered private placement of units priced at 10 cents, to raise aggregate gross proceeds of $1.5 million. It said each unit would consist of one common share and one half of one share purchase warrant, with each warrant entitling the holder to acquire one additional share for 16 cents for 36 months from the date of issuance.

It said the units to be issued under the offering would be offered to purchasers pursuant to the Lister Issuer Financing Exemption (the LIFE exemption) under Part 5A of National Instrument 45-106 – prospectus exemptions.

Concurrent with the offering, the company said it would complete a private placement (non-LIFE offering) consisting of (i) charity-flow through units (CFT units) priced at 15 cents each, raising gross proceeds of $1.5 million and (ii) flow through units (the FT Units) priced at 13.5 cents, to raise an additional $500,000.  Each CFT unit and FT unit shall consist of one common share and one half of one warrant.

In a subsequent press release on September 16, 2025, the company said it had increased the size of the offering (the LIFE offering) from $1.5 million to $3.5 million, with a minimum offering of $2.0 million worth of hard dollar units.

As part of the LIFE offering, PTX said it would issue up to $1.5 million worth of charity flow-through units at an offering price of 15 cents per CFT unit.

The company also said it was proposing to complete a non-brokered offering (the non-life offering) of (i) flow-through units (FT units) priced at 13.5 cents to raise gross proceeds of up to $1.0 million and (ii) CFT units priced at 15 cents to raise gross proceeds of $500,000.

In its latest press release (September 28, 2025) the company said the maximum size of the offering being completed under the LIFE Exemption has been raised to $5.5 million from $3.5 million, while keeping a minimum offering of $2.0 million of HD units. There remains no minimum on the size of the offering of “charity flow-through units.’’ (CFT units).

In addition, the company said the Non-LIFE Offering has been amended, resulting in the removal of the charity flow-through component of the offering and increasing the maximum size of the offering of flow-though units (FT Units) from $1.0 million to $1.5 million.

PTX shares eased 4.0% or $0.005 to 12 cents. The shares trade in a 52-week range of 17 cents and $0.6.

The property is under option to Eldorado Gold (Québec) Inc. which may earn a 70% interest in each of the Murdoch Creek, Claw Lake, Cook Lake and Perestroika properties, on the terms detailed below.

The 2025 diamond drilling program was budgeted at US$0.84 million. Drilling activities were conducted over the February to March period with follow-up detailed logging, sampling and data compilation work as the holes were logged and analytical results received. A total of 12 holes were completed (PE-25-009 to PE-25-020), for a cumulative sum of 5,004 metres drilled, utilizing two diamond drill rigs. Eldorado Gold is the project operator.

This is a Phase II diamond drilling program, intended to follow-up on promising gold values intercepted in the 2024 program.

The objectives of the 2025 drill program were as follows: to follow-up on DDH GPS-09-01 (3.05m at 20.69 g/t Au) and PE-24-004 (8.60m at 4.45 g/t Au (including 0.50m at 18.16 g/t Au and 0.90m at 12.33 g/t Au.); to define and delineate the existence of lithological and structural controls (i.e. plunge) on the previously intersected gold mineralized veins; and to test for additional shear zones and structures elsewhere the property.

The drilling results have expanded the mineralized footprint from the 2024 program to the southeast, northwest and south of GPS-09-01 and GPS-09-02, along strike and parallel to the mineralized trend.

Drillholes PE-25-14, PE-25-015, PE-25-019, and PE-25-020 followed up on the results of PE-24-008 (27.60 metres at 0.53 g/t Au from 240.70 m), over approximately 350 metres. Wide zones of lower-grade mineralization were intersected, such as 18.40 m at 1.28 g/t Au (145.60 m – 164.00 m) in PE-25-014, in addition to high-grade vein hosted mineralized zones such as 0.50 m at 107.50 g/t Au from 270.00 metres intersected in PE-25-019.

Immediately south of GPS-09-01 and GPS-09-02, PE-25-020 intersected 0.50 m at 73.20 g/t Au from 38.10 m and 2.20 m at 1.97 g/t Au from 56.5 m.

To the northwest along the mineralized corridor, PE-25-013 intersected 1.30 m at Perestroika from 29.70 m, located approximately 750 m northwest of GPS-09-01 and GPS-09-02.

Selected assays include drill hole PE-25-10 that returned 0.50 metres at 14.45 g/t Au from 65.50- 66.00 metres.

PE-25-012: 1.00 m at 5.51 g/t Au from 44.30 m – 45.30 m. PE-25-012: 6.20 m at 1.71 g/t Au from 87.80 m – 94.00 m. PE-25-012: 0.5 m at 6.44 g/t Au from 123.70 m – 124.20 m. PE-25-012: 0.5 m at 6.70 g/t Au from 126.00 m – 126.50 m.

PE-25-012: 16.30 m at 4.01 g/t Au from 127.50 m – 143.80 m, including 0.50 m at 66.30 g/t Au from 128.50 m – 129.00 m, including 0.50 m at 15.90 g/t Au from 137.20 m – 137.70 m, including 0.60 m at 10.60 g/t Au from 141.20 m – 141.80 m.

PE-25-012: 1.00 m at 15.75 g/t Au from 250.50 m – 251.50 m, including 0.50 m at 27.00 g/t Au from 251.00 m – 251.50 metres.

PE-25-013: 1.30 m at 46.39 g/t Au from 29.70 m – 31.00 metres, including 0.80 m at 39.20 g/t Au from 29.70 m – 30.50 m, including 0.50 m at 57.90 g/t Au from 30.50 m – 31.00 m. Refer to original press release for complete assays.

The mineralization intersected is characterized as mostly being hosted in flat extensional quartz-ankerite veins and veinlets. Gold mineralization is closely associated with fine disseminated pyrite with sericite (white mica) alteration.

The mineralized corridor is located between two third order shear zones and is closely associated with a swarm of felsic tonalitic to intermediate dioritic dykes.

The company, Eldorado Gold and Golden Valley Mines & Royalties Inc., as it then was, entered into an Assignment Agreement dated January 25, 2023, under which Golden Valley assigned to the company all its rights and obligations under an option agreement dated October 8, 2021 between Golden Valley and Eldorado. As the assignee under the option agreement, the Company has granted to Eldorado an option to acquire an additional 40% interest in the properties subject to the option agreement, one of which is the Perestroika Property in Québec. The company currently holds a 70% interest in the properties, and Eldorado currently holds a 30% interest.

In order to maintain and to exercise the Option, Eldorado must spend $10,500,000 by the fifth anniversary of the date of the conditions precedent under the option agreement being satisfied, as well as comply with its obligations under the terms of the option agreement to keep the properties. Prior to exercising the option, Eldorado will make an annual payment to the company of $50,000 per year. Upon the exercise of the option by Eldorado, it and the company will enter into a joint venture agreement on the terms set out in the Option Agreement.

Val-d’Or Mining is involved in acquiring and exploring its diverse mineral property assets, most of which are situated in the Abitibi Greenstone Belt of NE Ontario and NW Québec. The Company also holds several other properties in Northern Québec (Nunavik) covering different geological environments and commodities (Ni-Cu-PGE’s).

The announcement comes after Kirkland Lake said it had secured lead orders from new and existing investors, including Eric Sprott, Rob McEwen and Crescat Capital for $6.0 million.

The offering will now consist of the issuance of (i) flow through shares priced at 30 cents per FT share, and (ii) units priced at 25 cents per unit in any combination.

Each unit will consist of one common share and one half of one common share purchase warrant. Each whole warrant can be exercised to acquire one additional common share at an exercise price of 40 cents for 36 months from the date of issuance. The FT shares issued under the offering are intended to qualify as “flow-through shares” within the meaning of the if the Income Tax Act (Canada).

Net proceeds will be used to fund exploration activities at the company’s projects and for working capital purposes. The gross proceeds from the FT shares will be used to incur Canadian exploration expenses that are intended to qualify as “flow-through mining expenditures” as those terms are defined in the Tax Act.

On Friday, Kirkland Lake shares rose 1.7% or $0.005 to 30.5 cents.  The shares trade in a 52-week range of 35 cents and $0.025.

Kirkland Lake Discoveries has consolidated a district-scale and prospective land package in the Kirkland Lake gold camp. The assembled properties include the 100%-owned Lucky Strike property, Goodfish-Kirana, the Arnold property, the optioned KL West and KL Central. The company’s land position covers approximately 38,000 hectares over 1,338 claims and 29 patented claims in the Kirkland Lake region. The Lucky Strike property is located immediately east of the land package and consists of 653 unpatented mining claims covering 11,367 hectares.

Kirkland Lake recently said it has intersected a polymetallic mineral system in its first drill hole, KLD25-28 at the Winnie showing at its Kirkland Lake West property. The company said this drilling confirms the system is intrusion-related, unlocking 17 kilometres of highly prospective intrusion contact potential, with geophysics and geochemistry pointing to the most promising targets. The company is planning more drilling at the Winnie showing.

Back in February 22, 2023, Kirkland Lake closed an asset purchase agreement with New Found Gold Corp. [NFG-TSXV] related to the Lucky Strike property.

Under an agreement, Kirkland Lake issued 28.6 million common shares to New Found as well as a 1.0% net smelter return royalty on the Lucky Strike property. The Kirkland Lake share issued to New Found were worth $5.7 million. That left New Found holding 49% of the issued and outstanding Kirkland shares.

In a press release on September 25, 2025, the company said it was raising $3.5 million from a non-brokered private placement offering consisting of up to $2.3 million in non flow-through units priced at 22 cents each, and up to $1.2 million in flow-through units priced at 26 cents per FT unit. The company also said financier Eric Sprott has indicated his intention to subscribe for $2.0 million of the private placement. Sprott is currently the company’s largest shareholder, owning 23% of New Age.

In its latest update on Friday, the company said it will now increase the amount of FT units, to raise up to $1.7 million. “There is no increase to the non-flow-through unit private placement and all other terms described in the September 25 press release remain unchanged, subject to Exchange approval,” the company said in a press release, Friday.

Under the terms of the financing, each FT unit will consist of one common share that will qualify as a flow-through share within the meaning of the Income Tax Act (Canada) and one half of one common share purchase warrant. Each whole FT unit warrant will entitle the holder to purchase one common share at an exercise price of 40 cents at any time up to 36 months from the closing date. “In regards to [Thursday’s] announcement and the NFT units, all of those units are placed and that part of the financing has been spoken for,’’ the company said.

On Friday, New Age shares eased lower, falling 3.1% or $0.01 to 31 cents. The shares currently trade in a 52-week range of 34 cents and $0.07.

New Age Metals has three divisions: a platinum group element division, a lithium/Rare Element division and an Antimony-Gold Division as well as an investment in Metal Quest Mining Corp.’s [MQM-TSXV, MQMIF-OTC] high purity Lac Otelnuk Iron Ore Project.

The PGE Division includes the 100%-owned River Valley project, which ranks as one of North America’s largest undeveloped primary palladium projects.

It hosts a measured and indicated pit-constrained resource of 99.2 million tonnes of 0.52 g/t palladium, 0.20 g/t platinum, 0.009 g/t rhodium, 0.03 g/t gold, 0.06% copper, 0.02% nickel, 0.006% cobalt or 0.90 g/t palladium equivalent.

That adds up to a measured and indicated resource of almost 2.4 million ounces of platinum group metals or 2.87 million palladium equivalent ounces.

New Age said River Valley PGM has excellent infrastructure and is located within 100 kilometres of the Sudbury Metallurgical Complex. The project area is linked to Sudbury by a network of all-weather highways, roads, and rail beds and is accessible year-round with hydro grid and natural gas power nearby.

Drilling will be concentrated in the Herman area, 730 metres south of the Tyee area, and Zone 4, 550 metres west of Zone 1 in the Tyee area, which has been the focus of most of Provenance’s confirmation drilling to date. These areas, although major step-outs, are still within a small portion of the Eldorado West claim package.

The company has engaged Titan Drilling Ltd. to drill a minimum of 1,000 metres in locations selected within the newly permitted areas of the property. Titan Drilling has an excellent reputation, helping to ensure an efficient and on-budget drill program. The RC (reverse circulation) drilling program will continue simultaneously on the property.

Herman area target: The first core hole in this new program is scheduled to test the Herman area following up on Provenance’s initial RC drill holes in this location (ED-27, ED-28 and ED-29; results pending). The data from diamond drilling will provide a much clearer geological understanding of the gold system and of this significant new exploration target that Provenance is currently drilling.

The company expects to release further results from its continuing RC drill program imminently. These results will include the first assays from the company’s newly permitted Herman area, a 730-metre step-out from the company’s recently announced hole ED-26. In addition, select bulk samples are currently undergoing gravity and float metallurgical testing and results will be reported when available.

Rauno Perttu, CEO, stated: “Excellent historical and 2023 Provenance metallurgical tests results support Provenance’s belief that the deposit is amenable to conventional low-cost open-pit mining techniques. I am excited to continue to open the mineralized footprint up at Eldorado not only within the Tyee area as well as to depth but also through expansive stepouts that we are currently well into drilling. The scope and potential of this project continue to impress.”

The company also reported that AB Holdings LLC has been engaged to provide investor communications and market visibility and outreach services. AB Holdings owns and operates The Vanderbilt Report, an on-line financial news and information platform with a robust advertising model designed to reach active investors.

Under the terms of the agreement, the company will pay an upfront fee of US$18,000 for one month of services that can be extended at any time.

The company is at arm’s length to AB Holdings. The company confirms that no securities will be issued as part of this engagement and, to its knowledge, AB Holdings does not currently own any equity or convertible instruments of the company.

Provenance Gold currently holds interests in Nevada, and eastern Oregon, United States.

Highlights: Lo Herma resource expansion and infill drilling campaign approval received with Phase one drilling to focus on resource expansion and is expected to start Q4 2025.

AMU CEO and Executive Director Bruce Lane commented: “We are delighted that our upcoming resource expansion drilling program at Lo Herma is now approved to proceed. The first phase of the program will target expansion of the resource base with a focus on extensions of the known trends to the north of planned mine units one and two.

“The program is targeting an increase of the current 8.57Mlbs (32% indicated) eU3O8 Mineral Resource Estimate by converting Exploration Target Range mineralization for Lo Herma which currently stands at 5.6 to 7.1 million tonnes at a grade range of 500 ppm to 700 ppm eU3O8. This work is expected to feed into an updated Mineral Resource Estimate and Scoping Study in 2026 positioning us to deliver value from America’s nuclear energy revival.”

As advised on September 18, 2025, AMU’s drilling permit is for up to 121 drill hole locations with up to 37,500 metres (approximately 123,000 feet) of drilling.

The drilling is designed to achieve multiple objectives critical to advancing the Lo Herma Project. The primary goals include an initial phase of step-out drilling to target resource expansion to the north of both proposed MU1 and MU2 where there is potential to increase the Project’s overall resource base. A second phase of infill drilling is planned to upgrade Inferred Mineral Resources to Indicated or Measured category within MU1 and MU2, thereby increasing resource confidence.

Lo Herma is American Uranium’s flagship and most advanced ISR uranium development project in Wyoming’s Powder River Basin. Whilst Lo Herma is AMU’s first priority, the company also holds significant projects in Wyoming’s Great Divide Basin/Green Mountain district and Utah’s Henry Mountains with each offering potential for further growth across proven uranium districts.

Located in Wyoming’s premier uranium basin, the 13,500-acre Lo Herma project hosts a JORC compliant resource of 8.57 Mlb U3O8 with substantial growth potential. A recent positive Interim Scoping Study confirms low-cost development potential with drilling ready to expand and upgrade the resource. Surrounded by major ISR producers and backed by strategic investors, Lo Herma is well positioned to support America’s future uranium supply independence.