“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.

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).

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.

Burchell Gold Copper Project: Mechanical stripping at the 111 Gold Zone and at seven additional target areas on the Burchell Property has progressed and is expected to be completed in the next two to three days. Washing and sampling of the exposed locations has begun.

A ground Very Low Frequency (VLF) electromagnetic survey has been completed in the Northwest claim area and across the area of the 111 Zone. The data is currently being processed and interpreted. The aim of these two geophysical surveys is to aid in delineating drill targets for Bold’s first phase of drilling in these prospective areas.

The Northwest Claim Area: This area represents the northeastern strike extension of the Moss Trend on the adjacent Moss Gold Property of Gold X2 Mining (formerly Goldshore Resources). A 2024-2025 MMI^TM survey across this area identified clusters of gold, copper and molybdenum anomalies.

Approximately 13 line-km of ground VLF (Very Low Frequency) geophysics were surveyed during the summer, which in conjunction with the soil anomalies will aid in generating drill targets. Data is currently being processed and interpreted.

The 111 Zone: The 111 Gold Zone was identified late in 2024, with one December grab sample returning 68 g/t Au. Gold mineralization occurs within the sheared contact zone between felsic and mafic metavolcanics. Limited hand-stripping and channel sampling during the summer identified an anomalous gold zone 4.5 to 6.5 metres plus wide, with one channel sample returning 2.1 g/t Au over 0.5 metres.

The zone has now been stripped by excavator and washed, with channel sampling to commence shortly. 7 additional target areas near the mafic-felsic contact zone, where gold anomalies have been identified in rock and soil samples, are in the process of being exposed by mechanical stripping, to be completed in 2-3 days.

Ring of Fire News: Bold Ventures’ Koper Lake Project is centrally located within the Ring of Fire discovery area.

Bold management is pleased to see the engagement effort put forth by the Provincial Government led by Premier Doug Ford and Minister Greg Rickford. Bold CEO David Graham commented that “Seeing Premier Ford and Minister Rickford personally involved is very encouraging. It signals the importance of this development that is situated in a very rich geological environment hosting critical minerals. Since our discoveries in 2007, while working with Noront Resources and my initial engagement with the local First Nations, we have seen an ongoing effort by First Nations leaders, Government and Industry to provide information surrounding the mining cycle, infrastructure development and environmental studies. Our hope is that the effort will result in multiple positive effects for the region including: economic development, improved access, education and a higher standard of living. We believe this is possible while respecting the culture and values of the affected Communities.”

Koper Lake Project in the Ring of Fire: The Black Horse is part of the Koper Lake Project where KWG is the Operator of the chromite exploration effort.

Bold owns a 10% carried interest (through to production) in the Black Horse Chromite NI 43-101 Inferred Resource of 85.9 Mt grading 34.5% Cr₂O₃ at a cut-off of 20% Cr₂O₃. Bold also owns a 40% working interest in all other metals found within the Koper Lake claims and has a Right of First Refusal on a 1% NSR covering all metals found within the claim group.

The Black Horse is contiguous with the Blackbird Chromite deposits owned by Ring of Fire Metals (formerly Noront Resources Inc.). The Koper Lake claims are located approximately 300 metres from their Eagle’s Nest Ni-Cu Massive Sulphide Deposit that is in the permit acquisition stage.

The environmental assessment process for all-weather road access to the Ring of Fire is being developed as three proposed road projects. The Northern Road link, the Marten Falls Community Access Road and the Webeque Supply Road.

Bold’s target commodities are comprised of: Copper, Nickel, Lead, Zinc, Gold, Silver, Platinum, Palladium and Chromium.

The bought deal offering consists of 21.3 million shares priced at 23.5 cents per share. The company said the underwriters have been granted the option to purchase for resale up to an additional 15% of the offered shares at the issue price, potentially generating additional proceeds of $750,000. That option is exercisable for up to 48 hours prior to the closing date.

On Thursday, Aztec eased 7.1% or $0.02 to 26 cents. The shares trade in a 52-week range of 30 cents and 15 cents.

In a press release on September 23, 2025, Aztec said it has received the results from the second five holes of its reverse circulation portion of the 2025 drilling program at the Tombstone Property. It said the 2025 program has now completed 19 reverse circulation holes. Highlights include drill hole TR25-06 in the Little John Area, which returned 556.6 g/t silver and 17.7 g/t gold (2,149.5 g/t silver equivalent (AgEq) over 3.04 metres within 28.9 metres of 70.8 g/t silver and 1.993 g/t gold, starting from a depth of 76 metres. TR25-05 returned 238.7 g/t silver and 3.91 g/t gold (590.4 g/t AgEq) over 4.5 metres within 47.1 metres of 85.5 g/t AgEq (36.4 g/t silver and 0.55 g/t gold).

“Visual observations of the drilled sample materials and assay results continue to validate Aztec’s geological model,” the company said. It said the Tombstone Property joint venture management committee met recently and approved an expansion of the drill program from an initially planned 5,000-metre program, to 7,500 metres. The program is expected to be extended to the end of the fourth quarter of 2025.

“The high-grade silver-gold intersection drilled in TR25-06 demonstrates the continued discovery of high-grade precious metals mineralization that the historic Tomstone Silver district is known for,’’ said Aztec CEO Simon Dyakowski.

Back in April, 2024, the company said it continues to intersect strong gold grades over broad widths at the California Zone at its Cervantes Project in Sonora Mexico. Aztec is exploring the project in a joint venture with Kootenay Silver Inc. [KTN-TSXV].

The company said it continues to intersect broad well mineralized gold mineralization from the 2022 reverse circulation drill program at the California target. Highlights include results for hole CAL22-012, which returned 152.4 metres of grade 0.87 g/t gold, including 33.5 metres of grade 2.05 g/t gold.

Cervantes is described as a highly prospective porphyry gold-copper property located in southeastern Sonora state, Mexico. The project lies 160 kilometres east of Hermosillo, within the prolific Laramide porphyry copper belt, approximately 265 kilometres southeast of the Cananea porphyry copper-molybdenum mine.

Under the LOI, Gunnison will provide access to its district-scale land package in southeastern Arizona, allowing Lunasonde to test and refine its advanced experimental remote sensing technology. The goal is to accelerate the identification of new copper, other critical minerals and rare earth element targets within the company’s Cochise mining district assets.

“Geology like that of the Cochise mining district has been known to host at least 12 of the critical minerals so important to the U.S. supply chain, yet most of this geology lies, unexplored, beneath thick alluvial cover. We are delighted to explore this partnership with Lunasonde whose technology has the potential to see through this cover and make new discoveries,” stated Stephen Twyerould, president and CEO.

“Our partnership presents an unparalleled opportunity to demonstrate how Lunasonde can accelerate critical mineral exploration,” said Jeremiah Pate, Lunasonde’s founder and chief technology officer.

The parties intend to apply for financing of this venture under the U.S. Department of Energy rocks (reliable ore characterization with keystone sensing) program. The transaction remains subject to the negotiation and execution of definitive agreements, successful submission and approval of the DOE funding application, and customary closing conditions.

Gunnison is a multi-asset pure play copper developer and producer that control the Cochise mining district, containing 12 known deposits within an eight-km economic radius, in the southern Arizona copper belt.

Its flagship asset, the Gunnison copper project, has a measured and indicated mineral resource containing over 831.6 million tons with a total copper grade of 0.31% (measured mineral resource of 191.3 million tons at 0.37% and indicated mineral resource of 640.2 million tons at 0.29%) and a preliminary economic assessment yielding robust economics including a net present value discounted at 8% of $1.3 billion, an internal rate of return of 20.9% and a payback period of 4.1 years. It is being developed as a conventional operation with open-pit mining, heap leach and solvent extraction and electrowinning refinery to produce finished copper cathode on site with a direct rail link.

The PEA 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 categorized as mineral reserves.

In addition, Gunnison’s Johnson Camp asset, which is in production, is fully financed by Nuton LLC, a Rio Tinto venture, with a production capacity of up to 25 million pounds of finished copper cathode annually.

Other significant deposits controlled by Gunnison in the district, with potential to be economic satellite feeder deposits for Gunnison project infrastructure, include Strong and Harris, South Star, and eight other deposits.

Highlights: The environmental process LI No 3651/2025 within permits 850.224/2009 and 866.464/2017, was published on September 22, 2025, and is valid for two years until September 22, 2027. This permit covers the northern part of the Central Resource Area.

This license permits the company to construct a plant which would initially process up to 100,000 tonnes of material per year across two mineral rights. The Baldo and Matrincha targets, both located within the current mineral resource in the Central area, are potential sources of feed to a trial mining operation.

Trial mining could potentially generate near-term cash flow, provide greater insight into the structural controls on gold mineralization, and help refine the understanding of the deposit through processing and reconciliation of mined material.

CEO Mike Bennett commented; “Receiving the Environmental Installation Permit for the Cajueiro Project is an important milestone for the company. While no decision has been made to proceed with trial mining, the permit creates a pathway to such activities in the future. Trial mining could potentially provide near-term cash flow, generate valuable geological information, and improve our understanding of the gold mineralization at the Cajueiro Central deposit. We believe this could help identify additional gold-bearing structures and further demonstrate the long-term potential of the project.”

The Cajueiro project is located approximately 75km NW of the town of Alta Floresta in the state of Mato Grosso in central western Brazil. The project is easily accessible by road, lies on open farmland and has grid power and a local water supply. Cajueiro is the most advanced of the key projects that Altamira controls in the region.

The Cajueiro district consists of two independently estimated gold mineral resources at Cajueiro Central and Maria Bonita, plus a series of eight additional untested exploration targets within a radius of 8km of Cajueiro Central.

The Cajueiro Central area has a current open pit resource of 5.66Mt at 1.02 g/t gold for a total of 185,000 oz in the Indicated Resource category and 12.66Mt at 1.26 g/t gold for a total of 515,000 oz in the Inferred Resource category (estimated using a cut-off grade of 0.25 g/t Au and a gold price of US$1,500/oz).

The Maria Bonita open-pit resource consists of Indicated Resources of 24.19Mt at 0.46 g/t gold (for a total of 357,800 oz) and Inferred Resources of 25.64Mt at 0.44 g/t gold (for a total of 362,400oz). These resources were calculated using a 0.2 g/t gold cut-off grade and a gold price of US$2,780/oz. These resources include near-surface saprolite Indicated Resources of 2.02Mt at 0.59 g/t gold (38,000oz) and Inferred Resources of 0.68Mt at 0.40 g/t gold (8,700oz).

The mineralized zone at Maria Bonita is interpreted as dipping to the south and is open down dip. The best drillhole to date (MBA029) intersected 213 metres at 0.8 g/t gold from surface including 146 metres at 1 g/t gold. A third phase of drilling is aimed at testing the area to the south and down-dip from the current resource model.

The Maria Bonita porphyry gold deposit is interpreted as part of a district-scale, porphyry-related mineralizing event. There are currently eight additional porphyry gold targets awaiting scout drill testing over an 8km radius from the Cajueiro Central resource.

The license (LI No. 3651/2025) is valid until September 22, 2027, and authorizes the installation of activities related to trial mining at Cajueiro. The permit covers the Baldo and Matrincha targets, two contiguous mineral rights granted by the National Mining Agency (ANM), with a combined area of approximately 5,137 hectares. The license allows for up to 100,000 tonnes per year of trial mining (50,000 tonnes under each ANM authorization).

The Baldo target corresponds to the Guia de Utilização (GU) under ANM process No. 850.224/2009 whilst the Matrincha target corresponds to the GU under ANM process No. 866.464/2017. Both targets are located within the state of Pará and lie within the currently defined mineral resource (reported under NI 43-101) in the Central area of the Cajueiro Project.

The company is focused on the exploration and development of gold and copper projects within western central Brazil, strategically advancing five projects spanning over 100,000 hectares within the prolific Juruena Gold Belt, an area that has historically yielded over 6 million ounces of placer gold.

The company’s advanced Cajueiro project contains two gold deposits. The central area comprises NI 43-101 resources of 5.66Mt at 1.02 g/t gold for a total of 185,000 oz in the Indicated Resource category and 12.66Mt at 1.26 g/t gold for a total of 515,000oz in the Inferred Resource category. In addition, the Maria Bonita gold deposit comprises additional open pit Indicated Resources of 24.19Mt at 0.46g/t for a total of 357,800oz, and Inferred Resources of 25.64Mt at 0.44g/t for a total of 362,400oz.

Ongoing exploration and fieldwork at Cajueiro indicate the presence of multiple porphyry gold systems, reinforcing its potential for district-scale development. These hard-rock gold sources align with historical alluvial gold production, highlighting the region’s exceptional gold endowment and potential scalability.

Having now completed three quarters of the planned IP geophysical survey on the project’s priority exploration targets – Ginger Ridge, Ginger Ridge East, Southeast, Centro, and Jengibre South zones, the company is now carrying out detailed data compilation for the zones surveyed thus far (only the Jengibre South zone remains un-surveyed).

Reported in this release are combined IP geophysical survey data for the recent 2025 Ginger Ridge East zone and the complimentary historical 2017 data from the Ginger Ridge zone. More comprehensive interpretation of the final IP geophysical and related project data for all zones will follow when available.

Ginger Ridge East and Ginger Ridge Zones IP survey highlights: Combined 2025 and 2017 geophysical surveying outlines three northwest trending and paralleling chargeability high anomaly trends which algin with local and regional Tireo volcanic rock stratigraphy.

The high chargeability anomalies correlate well with gold-in-soil geochemical anomalies at surface (greater than 70th percentile threshold at 5.3 ppb Au). At the Ginger Ridge East both the surface multi-element geochemical anomaly and the IP chargeability anomaly are open to the south.

Past diamond drilling at Ginger Ridge tested the zone’s strongest near-surface chargeability high anomaly (south of grid line 10) and reported drill highlight assay results of 13.4 g/t gold over 5.0 metres, within a broader interval of 4.5 g/t gold over 18.0 metres in hole GR14-05.

At Ginger Ridge and Ginger Ridge East, deeper penetrating gradient array IP surveying has effectively identified many new chargeability anomalies extending to depths exceeding 350 metres from surface.

Many other chargeability high anomalies at both Ginger Ridge and Ginger Ridge East have not been adequately tested by past drill campaigns, representing high potential exploration targets. Prior Ginger Ridge drilling predominantly tested surface geochemical anomalies without the benefit of subsequent IP geophysical survey insights. As such, some historical drill holes passed over or terminated short of more intense and likely more favourable portions of various IP chargeability anomalies.

Numerous highly prospective chargeability anomalies appear as lengthy discrete inferred sulphide-rich mineralized bodies, with subvertical dip orientations.

Anomalous high chargeability readings at the newly surveyed Ginger Ridge East zone average about 4 to 5 mv/v, with some local readings measuring up to 8 mv/v. Past surveying on the Ginger Ridge zone report values exceeding 13.5 mv/v, which correlate well with drilled massive pyrite mineralization.

Jeffrey Wilson, Precipitate’s President and CEO stated, “IP geophysical surveying on our Juan de Herrera project continues to yield strong actionable results for continued exploration. The new Ginger Ridge East IP geophysical results, when combined with the past Ginger Ridge IP survey data show very positive new chargeability anomalies not tested by our past drill campaigns.

“Drill results reported in drill hole GR14-05 evidence a correlation between chargeability highs and elevated concentrations of sulphide mineralization. These new IP anomalies align with the Company’s current exploration strategy to identify, prioritize, and drill test additional high chargeability anomalies coincident with significant surface rock and soil geochemical anomalies.

“This latest phase of geophysical work has successfully delineated multiple such anomalies worthy of further investigation and drill testing. We look forward to completing the remainder of this planned IP geophysical survey at the Jengibre South zone in advance of assessing the entire dataset for possible follow up groundwork and/or prioritizing targets for drill testing.”

The company continues to follow up on the numerous recently announced gold and copper surface geochemical anomalies at the CN , Southeast, Centro and Jengibre South zones, where ongoing exploration will include additional prospecting, rock sampling, detailed geological mapping and selective hand trench channel sampling.

The Juan de Herrera Project is owned 100% by Precipitate Gold and comprises of approximately 12,706 hectares located immediately adjacent to GoldQuest Mining’s Romero gold-copper project within the Upper Cretaceous aged package of volcanic and sedimentary Tireo Gold Formation in San Juan Province of Dominican Republic.

The project hosts intermediate sulphidation epithermal and VMS style exploration targets. Work to date, including extensive project wide geochemical and geophysical surveying and limited diamond drilling, has delineated and outlined multiple anomalous zones of gold and/or copper mineralization warranting additional exploration and drilling.

Approximately 5.0 million gold equivalent ounces have been discovered and advanced in the Tireo Formation belt in the last decade, while vast areas of similarly prospective and proximal terrain, such as that situated within Precipitate’s Juan de Herrera project, remain largely underexplored.

Precipitate Gold is focused on exploring and advancing its mineral property interests in the Dominican Republic, including its 100%-owned Juan de Herrera project, its 100%-owned Pueblo Grande project located immediately adjacent to the Pueblo Viejo mine operated by Barrick Mining, and its 100%-owned Ponton project located 30km east of the Pueblo Viejo mine.

Mineral Mountain is a permitted, drill-ready project hosting three porphyry copper targets covering 2,692.4ha in the Mineral Mountain Mining District, Arizona. The project is located on a northeast trending porphyry copper belt approximately 25 km southwest from Rio Tinto and BHP’s giant Resolution porphyry copper-molybdenum deposit and approximately 20km northeast of the Florence Copper project.

Highlights: A broadly defined northeast trending zone of quartz vein hosted copper mineralization (>500 – 30,000 parts per million (ppm)) extends over an area that is approximately 2,000 metres (m) long by up to 750m wide.

The molybdenum mineralization (>10 – 282ppm) is located within the area of copper mineralization and extends over an area of approximately 1,600m long by 400m wide.

Host rocks to the mineralization are interpreted Laramide age porphyritic quartz monzonite, biotite granite and Precambrian age Pinal Schist.

The intrusive rocks exhibit strong potassic and propylitic alteration locally overprinted by phyllic alteration.

Elmer B. Stewart, President, and CEO of Copper Fox, stated, “The current preliminary exploration combined with the historical results has identified a large, broadly defined area exhibiting the host rocks and proximal style of alteration and mineralization expected in a Laramide age porphyry copper-molybdenum system. The identification of this target combined with the large, open-ended porphyry target found approximately 1.5km to the north (scheduled for a maiden drilling program in October) significantly expands the size of the district and enhances its porphyry potential. Mapping, geochemistry, age dating, and petrographic studies are planned to further evaluate this target.”

The recently identified target is in a Mineral Exploration Permit (MEP) located on the southeast side of the project. MEPs require annual expenditure to be maintained in good standing, the credit for which can be either as work on the ground or cash in lieu. Mapping, prospecting, and sampling of the intrusive phases for petrographic studies, whole rock, and trace element geochemistry and possibly age dating of the intrusives was completed. Results of the petrographic studies are reported in this news release. The whole rock and trace element geochemistry are pending.

The geology in the new target area consists of Precambrian aged Ruin granite, Pinal Schist and diabase dikes intruded by interpreted Tertiary age hypabyssal and plutonic intrusive phases consisting of fine-medium grained porphyritic quartz monzonite, coarse grained biotite granite, pegmatite, and fine-grained aplite and pegmatitic aplite occasionally containing tourmaline. The quartz monzonite exhibits strong potassic alteration, K-spar-quartz flooding and resorption and secondary overgrowth textures on its quartz phenocrysts. The biotite granite is coarse grained, weakly magnetic and interpreted to encircle the quartz monzonite intrusive. An intrusive breccia is located at the northeast end of the target.

The quartz-copper-magnetite mineral association quartz veining and copper mineralization are like the porphyry style mineralization found on other parts of the property. Malachite, chrysocolla, neotocite and rare covellite occur in quartz-copper and quartz-copper-hematite veinlets exhibiting sericitic envelopes. Quartz-limonite (magnetite) veins show an inner sericitic halo and an outer potassic halo interpreted to represent phyllic overprinting of an earlier potassic alteration. Quartz-copper-hematite, malachite, copper-hematite, quartz-calcite, and quartz veins and veinlets occur in outcrop and petrographic samples.

In two samples, quartz-copper veins cross-cut earlier quartz veinlets. The dominant vein set trends NE from 050 to 080 and dips between 45 to 85 degrees SE. Quartz-copper-hematite veins have a similar strike direction and dip 60 to 70 degrees NW.

The samples show three stages of alteration. Early stage potassic alteration (hydrothermal K-spar, secondary biotite and quartz-K-spar flooding) has been overprinted by a later stage propylitic alteration (epidote, chlorite-sericite). Six of the samples show the potassic phase overprinted by phyllic alteration (sericite/muscovite, quartz, chlorite rutile). The petrographic studies indicate the mineralized quartz veinlets show an early stage potassic alteration envelope overprinted by propylitic alteration and a later phyllic alteration phase.

Sixteen rock samples were submitted to Vancouver Petrographics Ltd. in Langley, British Columbia for petrographic analyses to describe mineral percentages, grain size, textures, vein alteration halos, alteration patterns, copper mineralization, and other minerals present.

Copper Fox’s wholly owned subsidiaries being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 100% ownerships of the Van Dyke ISCR project, and the Mineral Mountain and Sombrero Butte porphyry copper exploration projects all located in Arizona, the 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project and the 100%-owned Eaglehead polymetallic porphyry copper project, each located in northwestern British Columbia.

Mantoverde (70%-owned by Capstone and 30% by Mitsubishi Materials Corp.) is an open pit copper-gold mine located in the Atacama region of Chile. Since the 1990s, Mantoverde operated as an oxide mine producing copper cathodes from its 60,000 tonnes per year capacity SX-EW plant. In 2023, Capstone completed construction of the Mantoverde Development Project (MVDP) that enabled the mine to process its copper sulphide reserves, in addition to existing ore reserves. The MVDP involved the addition of a sulphide concentrator and tailings storage facility, and the expansion of the existing desalination plant and other minor infrastructure. First saleable copper concentrate at MVDP was produced in June 2024 and commercial production was achieved in the second quarter of 2025.

In the second quarter of 2025, the plant achieved an average throughput of 33,409 tonnes per day, exceeding he current design capacity. Five days of planned maintenance is still expected to be conducted at the end of September.

In a press release on August 31, 2025, said the Mantoverde site experienced a failure of one of its two ball mill electrical drive motors (on August 24, 2025). The damaged motor was replaced with a spare in order to return to full capacity. However, on August 30, 2025, the site experienced a failure of the second ball mill drive motor. “Without an additional spare on site, this has resulted in a period of impacted production at Mantoverde,’’ the company said in a press release.

In an earlier press release on August 8, 2025, Capstone announced the sanctioning of the Monteverde (MV) Optimized project for construction following all required board approvals. MV Optimized is a capital-efficient brownfield expansion of Mantoverde’s sulphide concentrator, increasing throughput from 32,000 to 45,000 ore tonnes per day, providing incremental copper and gold production of approximately 20,000 tonnes and 6,000 ounces annually, respectively, and extending the mine life from 19 to 25 years.

Capstone is a Canadian base metals mining company with a focus on copper.

Its portfolio includes the Pinto Valley copper mine in Arizona, and the Cozamin copper-silver mine in Zacatecas, Mexico, the Mantos Blancos copper-silver mine in Chile and 70% of the Mantoverde copper-gold mine. In addition, Capstone holds a 70% interest in Santo Domingo, a large scale, fully-permitted, copper-iron-gold project, in partnership with Korea Resources Corp.

Mantoverde is expected to produce 68,000 to 80,000 tonnes of copper (sulphide production) and 29,000 to 32,000 tonnes of cathode copper production.

On Friday, Capstone shares rose 2.1% or 21 cents to $10.17. The shares trade in a 52-week range of $11.15 and $4.97.

Founded in 2014, Hardline is a leading geological consulting firm operating in Western Canada. Hardline works directly with local contractors and first nations to ensure their projects receives the most efficient and dedicated exploration services available. They specialize in executing complex exploration programs to generate new discoveries and have a proven record of successful projects incorporating highly skilled geologists and team members.

2025 exploration program: Tim Fernback, president and CEO, commented: “We’re excited to have previously acquired approximately 275 km² of tenures in such a favourable mining region within British Columbia, Canada. This area of the province has already generated several promising projects, and our land package is strategically situated to exploit the high gold-copper values of the region.

“NorthWest Copper Corp. on the nearby Kwanika project intercepted 400 metres of 1.01% copper equivalent. Nearby the Mount Milligan open pit gold-copper mine operated by Centerra Gold recently announced its prefeasibility study that extended the life of its open pit mining by about 10 years. The area has proven itself to be a great place to look for both gold and copper. British Columbia is well known to be a safe and mining-friendly jurisdiction with reasonable government permitting processes and great mining infrastructure.”

Fernback continued: “We have recently concluded our initial exploration program on two of the five claim blocks recently acquired as part of our fall exploration phase 1. Here a large assaying, trenching, sampling and geophysics program was strategically situated within the Jupiter and Starlight claim blocks. We expect to have these assay results by the end of the fall with next exploration steps identified on the various claim blocks shortly thereafter.

“The exploration program follows up on previous work conducted by others in 2023 and includes geochemistry across various untested magnetic features on Starlight and Jupiter claims. The areas on these two large claim blocks include detailed soil sampling, mapping and prospecting on eight targeted areas for both gold and copper initially identified by our geological team.”

The company acquired a 100% interest in 17 mineral claims comprising 27,525 hectares (approximately 275 km²) located in north-central British Columbia. The region is host to numerous operating mines, good infrastructure including experienced exploration and supporting services. Prominent among early discoveries in the Omineca region include the nearby Lustdust/Stardust copper-gold deposit; the Kwanika copper-gold deposit and the Lorraine copper deposit (all of which are owned by (NorthWest Copper).

The company’s claims are also located between Centerra Gold’s prominent copper/gold assets, the Kemess North project and the operating Mount Milligan mine, which has produced over 1.8 million ounces of gold and 742 million pounds of copper.

B.C. Minfile assessment report data indicates that most of the area covered by the copper property was at one time or another covered by staking during surges of exploration in B.C. dating from the 1940s to present day. Largely, the claims appear to have been minimally explored with little follow-up. However, some work was recorded on several claims with results for stream sediment sampling showing anomalous to highly anomalous results for gold in a few areas. These areas were recommended for detailed follow-up; however, due to a downturn no further work was recorded.

The Omineca Group claim areas are within the northern Quesnel trough underlain by Cache Creek terrane and lies close to the Pinchi fault. The Quesnel trough hosts numerous porphyry copper-gold deposits. The Pinchi fault can be traced for 600 km through north-central B.C. and separates Cache Creek rocks from the Jurassic Hogem batholith and Triassic-Jurassic Takla rocks to the west. There are at least two alkalic gold-copper porphyry systems in the immediate Lustdust (now known as Stardust) area: J49 and Axel properties (Schiarrizza, 2000).

In other news, the company has announced that it has formally dropped the Volt Canyon lithium property from its Nevada lithium exploration portfolio.

The company had a 100% interest in 80 placer claims covering approximately 635 hectares of alluvial sediments and clays located 122 km northeast of Tonopah, Nevada, but accessing the property proved difficult and initial sampling results were considered average and not exceptional by the company’s geological team.

The company owns a 100% interest in the Texas Spring property which consists of mineral lode claims located in Elko County, Nevada. The property is in the Granite Range southeast of Jackpot, Nev., about 73 km north-northeast of Wells, Nevada. The target is a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Humbolt formation. A phase 1 exploration program at the Texas Springs property (fall 2023) yielded average lithium grades of 2,010 parts per million, applying a 1,000 ppm cut-off and up to 5,610 ppm lithium.

The Texas Spring property adjoins the southern border of the Nevada North lithium project – owned by Surge Battery Metals Inc. and comprising 725 mineral claims. Surge’s first round of drilling identified strongly mineralized lithium-bearing clays. The average lithium content within all near-surface clay zones intersected in the 2022 drilling program, applying a 1,000 ppm cut-off, was 3,254 ppm. More recent results have shown higher-grade lithium up to 8,070 ppm on this property after initial drilling. The company’s exploration results are on trend with these results.

The company owns a 100% interest in 113 lithium lode and placer claims covering over 930 hectares in Clayton Valley. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great basin extension and is still active due to movement along the Walker Lane structural zone.

As a result, the basin has preserved multiple layers of lithium-bearing volcanic ash, resulting from multiple eruptive events over the past six million years including eruptions from the 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed lithium-rich clay deposits on the east side of Clayton Valley.