CuFe Limited’s multi-commodity exposure offers a compelling diversified investment opportunity into high-growth markets.
CuFe Limited (ASX:CUF) is a multi-commodity exploration and development company with interest in a number of projects situated throughout mature mining jurisdictions in Western Australia and the Northern Territory. The company's value proposition is predicated on its high-grade mature copper/gold project at Tennant Creek as well as its exposure to iron ore, gold and niobium. Its exploration portfolio includes mature copper targets at Tennant Creek and greenfield exploration ground near WA1 Resources' (ASX:WA1) recent niobium discovery.
CuFe’s Tennant Creek project hosts a mineral resource estimate of 10.35 million tons (Mt) at 1.53 percent copper and 0.92 grams per ton (g/t) gold for 159 kt copper and 302 koz gold. CuFe currently owns a 55 percent interest in over 240 kilometres of highly-prospective tenure in the Northern Territory.
The company is progressing a scoping study in collaboration with Emmerson Resources and Tennant Minerals through a strategic alliance focused on establishing a multi-user processing facility and exploring operational synergies in the Tennant Creek region.
CuFe is also evaluating the Yarram project and nearby Camp Creek tenement, both of which benefit from proximity to the Darwin port, enhancing their potential for low OPEX operations.
CuFe’s Tennant Creek project is located in the highly prospective Gecko-Goanna copper-gold corridor of the Northern Territory. A mature project comprising three high-grade copper and gold mineral resources, it contains a combined JORC 2012 mineral resource of 10.35 Mt at 1.53 percent copper and 0.92 g/t gold for 159 kt copper and 302 koz gold.
The project benefits from nearby infrastructure including grid power, a gas pipeline, the Stuart highway and rail line to Darwin. The Orlando deposit was recently re-estimated, showing a significant increase of 89 percent in contained copper and 120 percent in gold.
The strategic alliance with Emmerson Resources and Tennant Minerals is currently progressing a scoping study on shared plant options, with further workstreams including mine scheduling, metallurgy, logistics and cost modelling.
Gecko and Goanna deposits are also undergoing re-evaluation to identify resource growth opportunities, with further drilling planned during the 2025 field season.
JV tenements within Bryah Basin
Through wholly owned subsidiary Jackson Minerals, CuFe holds a 20 percent interest in approximately 800 square kilometres of highly-prospective tenements near the former DeGrussa mine and Doolgunna project. These tenements are under joint ventures and farm-ins with several partners, notably the Morck Well and Peak Hill projects. CuFe is free-carried to a decision to mine.
Located 50 kilometres south-southeast of Coolgardie and near major gold deposits like Wattle Dam and Spargos Reward, the North Dam project is transitioning focus back to gold. Future fieldwork will include geophysical surveys and auger drilling to test gold-bearing east-west structures.
The 100 percent owned Tambourah Tenure contains historic gold workings and known gold-bearing quartz reefs. CuFe’s 2024 review identified potential for high-grade mineralisation, supported by historical drill data and recent sampling results up to 11.9 g/t Au. A field campaign and subsequent drilling are planned in 2025.
Total magnetic intensity (TMI) and location of target areas within E80/6052
CuFe has completed native title arrangements to commence work on the ground and this is expected to occur during the 2025 field work season for the region (April to November). In the meantime Southern Geoscience Consulting has undertaken a geophysical review of publicly available airborne magnetic data for the tenements including re-processing of said data and 3D unconstrained inversion modeling. Analysis of the total magnetic imagery revealed three anomalous areas across the package, resulting in nine target anomalies for further investigation and exploration.
Yarram is a mature iron ore project located just 110 kilometres from Darwin Port. It hosts a high-grade DSO resource of 5.6 Mt at over 60 percent Fe, plus an additional 7.1 Mt of lower-grade ore with beneficiation potential.
Geotechnical and metallurgical studies support its suitability for lump product blast furnace feed. CuFe is investigating near-term production strategies, including low-cost strip mining of the Captain Morgan deposit.
Recently granted, Camp Creek lies 5 km southwest of Yarram and shares similar logistical advantages. Exploration is planned to follow up on magnetic anomalies and historic iron ore assays that suggest potential for Yarram-style mineralisation.
Located within the Bryah Basin region, this project is undergoing staged field exploration. Initial rock chip samples showed over 60 percent Fe, and the next phase includes drilling to test continuity at depth.
Tony Sage is an entrepreneur with over 36 years of experience in corporate advisory services, funds management and capital raising, predominantly within the resource sector. He is based in Western Australia and has continued to be involved in managing and financing listed mining and exploration companies with a diverse commodity base.
Sage has developed global operational experience within Europe, North and South America, Africa, Oceania, Asia and the Middle East. He is currently non-executive chairman of ASX-listed Cyclone Metals (ASX:CLE) and Executive Chairman of European Lithium (ASX:EUR) and NASDAQ listed Critical Metals (NAS:CRML).
Mark Hancock has over 30 years’ experience in key financial, commercial and marketing roles across a variety of industries with a strong focus on natural resources. During his 13 years at Atlas Iron Ltd, Hancock served in numerous roles including CCO, CFO, executive director and company secretary. He has also served as a director on a number of ASX listed entities and is currently a director of Centaurus Metals Ltd and Strandline Resources Ltd.
Hancock holds a Bachelor of Business (B.Bus) degree, is a Chartered Accountant (CA) and is a Fellow of the Financial Services Institute of Australia (F FIN).
David Palmer is a geologist and company director with more than 38 years’ experience in the global exploration industry, the majority of his career has been with Rio Tinto Exploration, focused on copper/gold, base metals, industrial minerals, uranium, iron ore,and diamonds throughout Australia and the Asia/Pacific.
Amongst other senior positions, Palmer led the business development, mineral title and indigenous engagement functions and was part of the management team that discovered the world-class Winu Cu-Au deposit. He holds a Bachelor of Science (First Class Honours) from the University of Newcastle.
Scott Meacock has a wealth of experience as external counsel acting in, and advising on, complex corporate and commercial law transactions and disputes for clients in a wide range of industry sectors including natural resources and financial services.
Meacock currently serves as the chief executive officer and general counsel of the Gold Valley Group. He holds a Bachelor of Laws (LLB) degree and a Bachelor of Commerce (BComm) degree from the University of Western Australia.
Matthew Ramsden is an experienced geologist and project developer commencing his career in Tasmania before stints in the Pilbara with Rio Tinto and Atlas Iron, where he played a key role in the development and ramp-up of six iron ore mines.
He joined CuFe in 2021 to commence the JWD iron ore mine and now has oversight over the company’s exploration and development projects.
Ramsden is a member of the Australasian Institute of Geoscientists.
Siobhán Sweeney brings over 13 years’ geology experience to the CuFe team, from greenfields exploration to resource development with a strong focus on target generation and development of iron ore projects. During her eight years at Atlas Iron, Sweeney was instrumental in developing critical iron ore projects in the Pilbara such as Miralga Creek and Corunna Downs. Her background in managing complex and challenging exploration programs has been key to delivering successful projects.
Since joining CuFe in July 2021, Sweeney has been tasked with developing and implementing mine geology processes during the start-up phase of the JWD mine. Most recently she has delivered a successful exploration drill campaign to further define the Yarram iron ore deposit.
Sweeney is a member of the Australian Institute of Geoscientists and holds a Bachelor of Science degree (hons) in geology from the National University of Ireland Galway.
Multi-commodity exploration and development assets in Western Australia and Northern Territory with a focus on copper, gold, iron ore and niobium.
Samples up to 44.5 g/t Gold, 3,037 g/t Silver, and 8.56% Copper
Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to provide assay results from a recently completed rock sampling program at its high-grade Kennedy gold-silver Project in Nevada (the "Kennedy Project"). Results demonstrate strong prospectivity for high-grade gold and silver mineralization across the under-explored project.
Highlights:
Galen McNamara, CEO, stated: "Our exploration at the Kennedy Project is revealing high-grade gold and silver targets across a 22 km network of largely untested veins. Having acquired this project by claim staking last year, it is also royalty free. These initial results validate our acquisition strategy and position the district as a unique discovery opportunity in Nevada. Concurrently, drilling at our Red Mountain project in Alaska is progressing well, with drilling intersecting promising massive sulfide zones. We look forward to sharing assay results as they become available to showcase the strength of our American project portfolio."
Figure 1. Plan Map of Kennedy Project.
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Figure 2 (see attached figure). Disseminated, banded and massive sulfide mineralization featuring pyrite, pyrrhotite, chalcopyrite, sphalerite and galena in hole DC25-110 from the Red Mountain, Alaska. Photo is not intended to be representative of broader mineralization.
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Table 1: Rock assay highlights
| Sample ID | Zone | Au (g/t) | Ag (g/t) | Type | Easting* | Northing* |
| 351902 | Accident | 12.7 | 305 | dump | 437216 | 4459227 |
| 722881 | Accident | 8.2 | 78 | dump | 437118 | 4459331 |
| 351903 | Accident | 0.9 | 107 | dump | 437215 | 4459255 |
| 722894 | Borlasca | 3.2 | 258 | dump | 436104 | 4457845 |
| 722891 | Borlasca | 5.3 | 68 | outcrop | 436211 | 4457910 |
| 722893 | Borlasca | 21.9 | 2,336 | dump | 436214 | 4457907 |
| 722896 | Borlasca | 6.3 | 107 | dump | 436272 | 4457827 |
| J486215^ | Borlasca | 17.2 | 932 | dump | 436223 | 4457904 |
| 722875 | Cricket | 11.3 | 322 | outcrop | 437134 | 4459636 |
| 722872 | Cricket | 32.7 | 251 | dump | 437115 | 4459666 |
| 722871 | Cricket | 39.4 | 370 | dump | 437102 | 4459688 |
| 722870 | Cricket | 34.0 | 293 | dump | 437092 | 4459690 |
| 722869 | Cricket | 14.1 | 162 | subcrop | 437081 | 4459715 |
| 722873 | Cricket | 11.9 | 148 | outcrop | 437120 | 4459659 |
| 722868 | Cricket | 12.1 | 47 | dump | 437068 | 4459735 |
| 350137 | Cricket | 17.7 | 28 | dump | 437179 | 4459515 |
| 350134 | Cricket | 6.8 | 200 | dump | 437169 | 4459546 |
| 722878 | Danneburg | 3.8 | 326 | dump | 437281 | 4460597 |
| 350143 | Danneburg | 19.5 | 273 | dump | 437359 | 4460451 |
| 722876 | Danneburg | 3.1 | 116 | dump | 437391 | 4460431 |
| 350141 | Danneburg | 7.2 | 41 | subcrop | 437398 | 4460443 |
| 351908 | Fourth of July | 6.2 | 3,037 | float | 437186 | 4458978 |
| 351909 | Fourth of July | 9.6 | 2,360 | dump | 437176 | 4458993 |
| 722885 | Fourth of July | 2.6 | 575 | dump | 437091 | 4458997 |
| 722886 | Fourth of July | 11.0 | 239 | dump | 437121 | 4458989 |
| 351911 | Fourth of July | 4.6 | 315 | outcrop | 437203 | 4458947 |
| 722883 | Fourth of July | 4.1 | 211 | dump | 437122 | 4459101 |
| 351910 | Fourth of July | 1.9 | 454 | subcrop | 437155 | 4458999 |
| E923275^ | Gold Note | 11.1 | 1,020 | dump | 435331 | 4458209 |
| J486223^ | Gold Note | 20.1 | 114 | dump | 435391 | 4458114 |
| 350106 | Gold Note | 40.4 | 232 | dump | 435309 | 4458224 |
| 350101 | Gold Note | 10.9 | 724 | dump | 435319 | 4458213 |
| 350104 | Gold Note | 0.6 | 419 | dump | 435327 | 4458219 |
| 350102 | Gold Note | 5.0 | 122 | dump | 435322 | 4458215 |
| J486240^ | Gold Note | 5.4 | 32 | dump | 435330 | 4458222 |
| J486241^ | Gold Note | 8.4 | 8 | float | 435450 | 4458297 |
| 350122 | Hidden Treasure | 10.7 | 53 | subcrop | 435757 | 4458713 |
| 351914 | Hidden Treasure | 44.5 | 15 | dump | 435650 | 4458845 |
| J486233^ | Hidden Treasure | 8.6 | 43 | dump | 435656 | 4458844 |
| 722889 | Hidden Treasure | 12.0 | 53 | dump | 435609 | 4458805 |
| 722890 | Hidden Treasure | 27.6 | 11 | float | 435668 | 4458776 |
| 722864 | Imperial | 30.4 | 148 | dump | 436355 | 4459530 |
| 350133 | Imperial | 3.3 | 226 | dump | 436325 | 4459715 |
| 350130 | Imperial | 11.1 | 32 | dump | 436346 | 4459567 |
| 722867 | Imperial | 16.8 | 17 | dump | 436324 | 4459657 |
| 722860 | Imperial | 7.0 | 80 | dump | 436655 | 4458931 |
| 722861 | Imperial | 8.4 | 34 | dump | 436655 | 4458930 |
| 350131 | Imperial | 5.9 | 5 | subcrop | 436334 | 4459596 |
| 350129 | Imperial | 8.6 | 77 | dump | 436347 | 4459351 |
| J486238^ | Regional | 3.1 | 100 | dump | 435979 | 4457773 |
| 350121 | Regional | 5.7 | 21 | subcrop | 434848 | 4459187 |
| E923273^ | Trail/Senator | 3.1 | 583 | dump | 436605 | 4458764 |
| 722855 | Trail/Senator | 8.6 | 133 | dump | 436603 | 4458763 |
| 350123 | Trail/Senator | 6.4 | 43 | dump | 436607 | 4458764 |
| 722854 | Trail/Senator | 8.5 | 78 | dump | 436605 | 4458762 |
| 722857 | Trail/Senator | 1.9 | 114 | outcrop | 436538 | 4458813 |
| 722859 | Trail/Senator | 1.6 | 134 | outcrop | 436512 | 4458842 |
| 350120 | Coyote | 2.9 | 759 | float | 435061 | 4458685 |
| J486225 | Coyote | 16.0 | 64 | dump | 435227 | 4458717 |
| 350115 | Coyote | 2.9 | 103 | subcrop | 435201 | 4458738 |
| 350118 | Coyote | 1.7 | 107 | float | 435062 | 4458678 |
| E923276^ | Coyote | 15.9 | 323 | subcrop | 435052 | 4458607 |
| 350116 | Coyote | 10.9 | 36 | dump | 435224 | 4458716 |
| E923278^ | Coyote | 10.0 | 33 | dump | 435227 | 4458716 |
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*NAD83 Z 11
^see references for sources of data
Defining Widespread High-Grade Gold-Silver Mineralization
A reconnaissance-style prospecting and sampling program was recently completed by Silver47's exploration team on unpatented mining claims of the Kennedy Project. The purpose of the program was to confirm the presence of high-grade gold-silver-base metal mineralization across eleven targets (Figure 1). Areas of historic surface workings (e.g., blast pits and mine dumps) as well as outcrop, subcrop and float were sampled. In total, 109 samples were collected (see April 24th, 2025 news release for first batch of results). Data from over 40 historic rock samples were also compiled and combined with the new data creating a rock geochemical database of over 150 samples (Figure 1).
Selective sampling across the eleven targets (Figure 1) demonstrates the scale and high-grade potential of vein-systems typical of the Kennedy Project. Highlights from recent and historical sampling include:
Gold Note: Most of the historic gold production in the Kennedy district was from the Gold Note mine. The mine was centered on a series of high-angle, broadly east-west striking quartz veins hosted in volcanic and sedimentary rocks and traced for over 350 m. Waste material from the mine has been stacked in dumps near the main Union and No. 2 adits (Figure 1). Sampling of these dumps returned grades up to 40.4 g/t Au with 232 g/t Ag and 11.1 g/t Au with 1,020 g/t Ag (Table 1) and the 14 new and compiled samples average 7.9 g/t Au with 193 g/t Ag. These results agree with historic mine grades which were reportedly as high as 15.5 g/t Au with 311 g/t Ag¹.
Borlasca: The east-west trending Borlasca target comprises a series of northwest to west striking structures centered approximately 900 m east of the Gold Note mine. Veins and oxidized vein-breccias are hosted in porphyritic rhyolite associated with strong silicification. Samples of dump and outcrop from across the three main Borlasca veins have returned up to 21.9 g/t Au with 2,336 g/t Ag with 8.56% Cu. The strong copper mineralization in many of the Borlasca samples suggest strong prospectivity for copper mineralization across this part of the Kennedy district.
Coyote: The northwest-striking Coyote vein system is centered approximately 600 m north of the Gold Note mine. Veins and quartz-cemented breccias of the Coyote target are hosted primarily in granite and quartz-phyric rhyolite. Samples of dump material, subcrop and float from the main Coyote target returned grades up to 15.9 g/t Au with 323 g/t Ag and 2.9 g/t Au with 759 g/t Ag (Table 1). Sampling 600 m along strike to the northwest returned 5.7 g/t Au with 20.8 g/t Ag (sample 350121, Table 1).
Cricket-Accident trend: The north-northwest striking Cricket target is centered approximately 2.2 km northeast of the Gold Note mine (Figure 1). The vein-system is hosted near a contact between andesite and monzonite and consists of brecciated and drusy quartz veins and veinlets. The Cricket vein has been sampled (outcrop and dumps) for over 200 m along strike with grades up to 39.4 g/t Au and 370 g/t Ag (15 samples average 12.3 g/t Au and 132 g/t Ag). High-grade gold and silver mineralization at Cricket is locally associated with strong lead and antimony mineralization (up to 3.0% Pb and 3,540 ppm Sb). The Accident vein, 300 m along strike to the south of Cricket, is interpreted to be part of the same 800 m north-trending vein-system. Sampling at Accident returned up to 12.7 g/t Au with 305 g/t Ag (Table 1). Further sampling along trend north of Cricket towards the historic Wall Street mine and along trend south of Accident is warranted.
Fourth of July: The Fourth of July vein sets are hosted in strongly oxidized granite/monzonite and comprise quartz-rich breccias and veins. Sampling of outcrop, subcrop, dump and float along a 200 m trend at Fourth of July returned up to 6.2 g/t Au with 3,037 g/t Ag and 9.6 g/t Au with 2,360 g/t Ag. The veins may represent a possible southern offset of the Cricket-Accident trend of veins and supports the strong prospectivity for high-grade gold-silver mineralization in broadly north-trending structural corridors.
Trail-Imperial trend: The historic Trail/Senator mine represents the southern extent of the broadly north-trending Trail-Imperial corridor. The high-grade Imperial Mine represents the northern extent of the 1.0 km long corridor. The Trail/Senator target comprises quartz-rich veins and breccias with associated wall rock hosted quartz-stringers and veinlets. Sampling of dumps and outcrop returned up to 8.61 g/t Au with 133 g/t Ag and 6.4 g/t Au with 43.1 g/t Ag. At Imperial, primarily hosted in quartz monzonite sampling returned up to 30.4 g/t Au with 148 g/t Ag and 16.8 g/t Au with 17.2 g/t Ag. Similar to the parallel Cricket-Accident trend, the Trail-Imperial corridor demonstrated strong prospectivity for high-grade gold and silver mineralization along north-trending structural corridors.
Hidden Treasure-Chromo trend: The Hidden Treasure set of mineralized veins are centered 800 m north of the Gold Note mine and hosted primarily in volcanics and breccias near the contact with granite. Together with the Chromo target (Figure 1), 300 m along strike to the north, the mineralized Hidden Treasure-Chromo trend comprises high-grade gold-bearing breccias with samples up to 44.5 g/t Au and 27.6 g/t Au (7 samples at Hidden Treasure average 15.6 g/t Au and 31 g/t Ag).
Danneburg: The Danneburg group of mineralized vein occurrences, covering a 200 by 150 m area, is centered approximately 3.0 km northeast of the Gold Note mine. Drusy and oxidized veins hosted in silicified and oxidized granite returned up 19.5 g/t Au with 273 g/t Ag and 3.8 g/t Au with 554 g/t Ag in dump material. Further work is required at Danneburg to define the strike-extent of the dominant north- and northwest-striking vein-sets.
Based on the results from the preliminary sampling and prospecting program, an additional 4,000 acres of unpatented mining claims have been acquired through staking. The strategic claims cover all prospective open ground around the Kennedy district.
Next Steps
The extensive mineralized corridors across the Kennedy Project with multiple high-grade targets have not yet seen any systematic modern exploration. A multidisciplinary program consisting of geological mapping, ground geophysics (magnetics and induced polarization) and soil and rock geochemical surveys are planned to refine existing targets and define new drill targets. Follow-up exploration is set to commence this fall.
Analytical and Quality Assurance and Quality Control Procedures
Rock samples were sent to Paragon Geochemical Laboratories in Sparks, Nevada for preparation and analysis. Paragon meets all requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015 for analytical procedures. Samples were analyzed for gold via fire assay with an MS finish ("AU-FA30"), and for silver via inductively-coupled plasma, mass spectroscopy (ICP-MS) after four-acid digestion ("48MA-MS"). Samples assaying over 8 ppm Au were re-run via fire assay for Au with a gravimetric finish ("AU-GR30"). Samples that assayed over 100 ppm Ag (0.01%), 1,000 ppm Cu (1%), Zn (1%) and Pb (1%) were re-run via inductively coupled plasma optical emission spectroscopy ("OLMA-OES").
Historical data referenced herein (e.g., rock samples2), including but not limited to assay results and geological interpretations from previous exploration activities, have been sourced from publicly available records, archived reports, and third-party databases believed to be reliable. However, Silver47 has not independently verified this historical data through resampling, re-assaying, or other confirmatory methods. As such, the Company cautions that this historical information has not been verified by a Qualified Person. The Company is not treating historical information as current and it is being used to guide exploration only.
Marketing Agreement
Effective September 3, 2025, the Company has engaged Sideways Frequency LLC ("SFLLC") to provide certain marketing services to the Company. Under the agreement, the Company will pay SFLLC $250,000 USD for a 12-month term. The Company may elect to renew or extend the engagement at any point during the term. The marketing services will include, but are not limited to, email campaigns, native advertising, display ads, lead generation, creation of content, strategic planning, digital advertisement placement, and overseeing progress and results of digital campaigns. The Company has granted 80,000 stock options to SFLLC at a strike price of $0.83 with a three-year term. The options vest quarterly over a period of one year.
SFLLC is based in Utah, USA and is at arm's length to the Company. SFLLC and its principals have no present, direct or indirect interest in the Company or its securities, nor any right or present intention to acquire such an interest except as otherwise provided herein. The agreement and the option grant remain subject to TSX Venture Exchange approval.
Technical Disclosure
The technical content of this news release has been reviewed and approved by Galen McNamara, P. Geo., the CEO of the Company and a qualified person as defined by National Instrument 43-101.
Rock-chip, dump, float and subcrop samples are selective by nature and may not be representative of mineralization across the Kennedy Project.
References
¹Klopstock, Paul (1913) The Kennedy mining district, Nevada, American Institute of Mining Engineers Bulletin, v. 77. p. 1041-1046
2Data reported by West Cirque Resources, WCQ TSX-V NRs September 13, 2011 and November 22, 2011
About Silver47 Exploration
Silver47 Exploration Corp is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver developer with a resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in America's most prolific mining jurisdictions. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR at www.sedarplus.ca. The Company trades on the TSXV under the ticker symbol AGA and OTCQB under the ticker symbol AAGAF.
For more information about the Company, please visit www.silver47.ca and see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled "Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd."
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On Behalf of the Board of Directors
Mr. Galen McNamara
CEO & Director
For investor relations
Giordy Belfiore
604-288-8004
gbelfiore@silver47.ca
No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking information regarding, among other things, the timing, scope and objectives of planned exploration at the Kennedy Project (including mapping, geophysics, geochemical surveys and target generation), potential future drilling, and the anticipated timing of assay results at Red Mountain. Forward-looking information is based on a number of assumptions that, while considered reasonable by management at the date hereof, are inherently subject to business, technical and operational uncertainties. Assumptions include the availability of personnel and equipment, access to the property, receipt of permits and approvals, budget availability, and that historical information compiled will be useful in guiding exploration. Material risk factors that may cause actual results to differ materially include changes in exploration plans; results of field work that differ from expectations; access, permitting or regulatory risks; availability of contractors and laboratory turn-around times; weather; commodity price volatility; and the risks described in the Company's public filings on SEDAR+. The Company does not undertake to update any forward-looking information except as required by applicable securities laws." (meets all four required elements).
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News Provided by Newsfile via QuoteMedia
FPX Nickel Corp. (TSXV: FPX), (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce that it has successfully completed another large-scale mineral processing pilot testing campaign for the Baptiste Nickel Project (" Baptiste " or the " Project "). Building on the success of three previous pilot testing campaigns, a production run was completed to produce bulk samples of awaruite concentrate which will be used to verify the suitability of using this concentrate as a feedstock in third-party nickel refineries. Samples will be provided to selected prospective downstream partners — most notably pCAM producers, battery companies, and automakers — who typically secure nickel units directly and contract refiners to process feedstocks on their behalf. This reflects an established industry model, supporting end users' pursuit of supply security, traceable sourcing, and low-carbon production.
"The ability to process awaruite concentrate through existing nickel refineries provides us with greater strategic flexibility, in addition to its potential use directly in stainless steel or as feedstock for the development of a new integrated refinery to produce battery-grade nickel sulphate," commented Martin Turenne , FPX Nickel's President and Director. "This flexibility strengthens our position in strategic discussions with automakers, battery companies, and other downstream partners, and places awaruite alongside established high-grade nickel intermediates such as MHP and matte as a disruptive new source of nickel for the EV supply chain."
Figure 1 – Samples of Awaruite Concentrate Produced from Baptiste's Production Run Pilot Plant
Background
The Baptiste processing strategy leverages awaruite's distinct properties in a simple, yet robust flowsheet. The front-end of the flowsheet utilizes magnetic separation to create a "magnetics-rich" concentrate of awaruite and magnetite – a process made effective due to awaruite's intense ferromagnetism and high density. The back-end of the flowsheet then utilizes conventional froth flotation to separate awaruite from magnetite – a process made effective due to awaruite's active surface properties and magnetite's general lack of floatability. Finally, based on awaruite's very high nickel content, a very high-grade nickel concentrate (60% nickel) can be produced.
Downstream of the mineral processing plant, awaruite's properties continue to provide distinct advantages, including unparalleled downstream market flexibility. Unlike conventional nickel concentrates, which typically have high sulphur content, Baptiste's awaruite concentrate is nearly sulphur-free and low in deleterious elements, allowing it to bypass smelting and be used directly in stainless steel fabrication. Alternatively, the Baptiste awaruite concentrate is also an ideal feedstock for the production of high-purity, battery-grade nickel sulphate for the electric vehicle (" EV ") supply chain.
Figure 2 – Potential Product Integration Routes for the Baptiste Awaruite Concentrate
Integration of the Baptiste awaruite concentrate into the EV supply chain can be achieved through two routes as shown in Figure 2. The first integration route is through the construction of a bespoke integrated hydrometallurgical refinery to produce battery-grade nickel sulphate from Baptiste concentrate. The Company has recently demonstrated the technical and economic viability of this (as described in the FPX's March 31st, 2025 news release) and has recently completed a production run of nickel sulphate (as described in the FPX's June 17th, 2025 news release) to provide samples to selected prospective downstream partners.
A second integration route is for the Baptiste awaruite concentrate to be refined in an existing third-party nickel refinery. Although nickel refineries are generally sensitive to variations in feedstocks, awaruite concentrate can be used to supplement a portion of the feedstock, particularly for nickel refineries designed to treat both mixed hydroxide precipitate (" MHP ") and nickel matte — the two most commonly interchangeable nickel intermediates. Awaruite concentrate has properties that position it between MHP and matte — with fewer impurities than MHP but more than matte, and requiring less aggressive leaching than matte but more than MHP — making it broadly comparable to both and a credible feedstock for nickel refineries. The production of bulk quantities of awaruite concentrate will enable this strategy to be validated by prospective downstream partners through direct testing of awaruite concentrate.
In addition to supplying refiners directly, awaruite concentrate can also be marketed to end users such as pCAM producers, battery companies, and automakers. Under this established industry model, end users purchase and hold the nickel units while established third-party refiners perform the conversion to nickel sulphate under tolling arrangements. This dual-path approach provides flexibility in commercialization while reinforcing awaruite's compatibility with existing refining infrastructure.
Pilot Plant
The Company re-engaged Corem ( Quebec, Canada ) to operate the pilot plant, building on their experience conducting two previous successful piloting programs for FPX. A total of 23 tonnes of material were processed, resulting in approximately 2.2 days of continuous run-time at an average rate of 430 kg/h in the primary grinding and magnetic separation circuits. Using the optimized flowsheet developed in the prior campaign (as described in FPX's April 30, 2024 news release), this more recent campaign achieved the targeted recoveries, concentrate nickel grade and impurity levels, consistent with expectations and further demonstrates the reliability of the Baptiste process. Figure 1 shows the first batch of concentrate produced from this campaign while Table 1 shows the concentrate composition.
Table 1 – Awaruite Concentrate Composition
| Element | Nickel | Cobalt | Iron | Sulphur | Magnesium | Copper |
| Grade (%) | 64 | 1.1 | 26 | 0.3 | 1.6 | 0.4 |
Qualified Person
The metallurgical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101: Standards of Disclosures for Minerals Projects of the Canadian Securities Administrators (" NI 43-101 "). Testwork was supervised, reviewed, and verified by Kyle D. Marte , P.Eng., FPX Nickel's Director of Metallurgy and a "Qualified Person" as defined by NI 43-101.
About the Baptiste Nickel Project
The Company's Baptiste Nickel Project represents a large-scale greenfield discovery of nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni 3 Fe) hosted in an ultramafic/ophiolite complex. The absence of sulphur and our ability to connect to the BC Hydro grid means that Baptiste has the potential to be one of the lowest carbon-intensive nickel producers in the world and will produce a very high-grade product that does not require any intermediate smelting or complex refining. The Baptiste mineral claims cover an area of 453 km 2 west of Middle River and north of Trembleur Lake, in central British Columbia. In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claims package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit. Since 2010, approximately US$55 million has been spent on the exploration and development of Baptiste.
FPX has conducted mineral exploration activities to date subject to the conditions of agreements with First Nations and keyoh holders. In 2024, the Province of British Columbia identified the Baptiste Nickel Project as the first project to be included in the Province's new Critical Minerals Office ( "CMO" ) concierge service initiative, a provincial strategy action to enable the prioritization of critical minerals projects in B.C. The CMO initiative is providing an excellent structure to proactively identify and address issues and opportunities ahead of the Project's entry into the environmental assessment process.
About FPX Nickel Corp.
FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/ .
On behalf of FPX Nickel Corp.
"Martin Turenne"
Martin Turenne , President, CEO and Director
Forward-Looking Statements
Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE FPX Nickel Corp.
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Osisko Metals Incorporated (the " Company or " Osisko Metals ") ( TSX: OM,OTC:OMZNF ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec.
Osisko Metals Chief Executive Officer Robert Wares commented: " Drill hole 30-1097 produced our longest intersection so far, returning 1117 metres of continuous mineralization from the top of Copper Mountain, located in the heart of the deposit. With 10 drills on site, we have completed over 65,000 metres of the drill program to date, and will continue the current program of infill and expansion drilling until December. The updated MRE is well on track to be released in Q1 2026. "
New analytical results are presented below (see Table 1), including 19 mineralized intercepts from 6 new drill holes. Infill intercepts are located inside the 2024 MRE model ( see November 14, 2024 news release ), and are focused on upgrading inferred mineral resources to measured or indicated categories, as applicable. Expansion intercepts are located outside the 2024 MRE model and may potentially lead to additional resources that will be classified appropriately within the next MRE update. Some of the reported intercepts have contiguous shallower infill as well as deeper expansion (noted on Table 1 below as "Both"). Maps showing hole locations are available at www.osiskometals.com .
Highlights:
Table 1: Infill and Expansion Drilling Results
| DDH No. | From (m) | To (m) | Length (m) | Cu % | Ag g/t | Mo % | CuEq* | Type** |
| 30-1097 | 87.0 | 1204.5 | 1117.5 | 0.25 | 1.81 | 0.022 | 0.35 | Both |
| (including) | 87.0 | 778.5 | 691.5 | 0.24 | 2.05 | 0.019 | 0.33 | Infill |
| (including) | 778.5 | 1204.5 | 426.0 | 0.27 | 1.42 | 0.028 | 0.38 | Expansion |
| 30-1100 | 81.0 | 119.0 | 38.0 | 0.15 | 1.11 | 0.16 | Infill | |
| And | 137.0 | 180.0 | 43.0 | 0.25 | 1.64 | 0.013 | 0.31 | Infill |
| And | 322.5 | 551.0 | 228.5 | 0.25 | 1.61 | 0.013 | 0.31 | Both |
| And | 677.8 | 805.0 | 127.2 | 0.15 | 0.82 | 0.012 | 0.20 | Expansion |
| And | 862.8 | 974.5 | 111.7 | 0.17 | 1.24 | 0.010 | 0.22 | Expansion |
| 30-1101 | 58.0 | 111.0 | 53.0 | 0.24 | 5.21 | 0.27 | Infill | |
| And | 156.0 | 304.5 | 148.5 | 0.32 | 2.52 | 0.34 | Infill | |
| And | 493.5 | 521.2 | 27.7 | 0.36 | 1.85 | 0.37 | Expansion | |
| 30-1102 | 516.0 | 567.0 | 51.0 | 0.36 | 3.62 | 0.38 | Expansion | |
| And | 781.5 | 858.0 | 76.5 | 0.03 | 0.19 | 0.077 | 0.32 | Expansion |
| And | 880.5 | 930.0 | 49.5 | 0.46 | 2.81 | 0.48 | Expansion | |
| 30-1104 | 4.5 | 32.0 | 27.5 | 0.12 | 0.48 | 0.12 | Infill | |
| And | 54.0 | 85.0 | 31.0 | 0.14 | 0.66 | 0.14 | Infill | |
| And | 177.0 | 969.0 | 792.0 | 0.20 | 1.33 | 0.015 | 0.26 | Both |
| (including) | 177.0 | 567.5 | 390.5 | 0.18 | 1.49 | 0.013 | 0.23 | Infill |
| (including) | 567.5 | 969.0 | 401.5 | 0.22 | 1.17 | 0.017 | 0.29 | Expansion |
| 30-1105 | 16.0 | 79.0 | 63.0 | 0.19 | 1.94 | 0.20 | Infill | |
| And | 122.0 | 232.5 | 110.5 | 0.20 | 1.30 | 0.21 | Infill | |
| And | 261.8 | 355.5 | 93.7 | 0.25 | 1.72 | 0.009 | 0.30 | Both |
| And | 378.0 | 666.0 | 288.0 | 0.19 | 2.03 | 0.012 | 0.25 | Expansion |
* See explanatory notes below on copper equivalent values and Quality Assurance/Quality Controls.
** "Both" indicates drill holes that have contiguous shallower infill as well as deeper expansion intercepts.
Discussion
Drill hole 30-1097, located on top of Copper Mountain near the central part of the 2024 MRE model, intersected 1117.5 metres averaging 0.25% Cu, 0.022% Mo, and 1.81 g/t Ag that included expansion at depth of 426.0 metres averaging 0.27% Cu, 0.028% Mo, and 1.42 g/t Ag. This hole extends mineralization near the centre of the deposit to a vertical depth of 1,204 metres.
Drill hole 30-1100, near the southwestern margin of the 2024 MRE model, intersected five separate mineralized intervals, including 228.5 metres averaging 0.25% Cu, 0.013% Mo, and 1.61 g/t Ag (infill and expansion). This was followed by 127.2 metres averaging 0.15% Cu, 0.012% Mo, and 0.82 g/t Ag and then by another 111.7 metres averaging 0.17% Cu, 0.010% Mo, and 1.24 g/t Ag (both expansion), extending mineralization to a vertical depth of 975 metres.
Drill holes 30-1101 and 30-1102, both located near the eastern margin of the 2024 MRE model, intersected several, relatively short mineralized intervals that were 27 to 76 metres long, with the exception of one 148.5 metre interval (30-1101) that averaged 0.32% Cu and 2.52 g/t Ag (infill). These holes, along with several other previously reported holes, confirm the currently defined eastern margin of the 2024 MRE model.
Drill hole 30-1104, located near the west-central portion of the 2024 MRE model, intersected two short (28 and 31 metres) intervals followed by 792.0 metres averaging 0.20% Cu, 0.015% Mo and 1.33 g/t Ag that included expansion at depth of 401.5 metres averaging 0.22% Cu, 0.017% Mo, and 1.17 g/t Ag. This hole extends mineralization in this area to a vertical depth of 969 metres.
Drill hole 30-1105, located in the southwestern portion of the 2024 MRE model, intersected 110.5 metres averaging 0.20% Cu and 1.30 g/t Ag (infill), followed by 93.7 metres averaging 0.25% Cu and 1.72 g/t Ag (infill and expansion), followed by a third intersection of 288.0 metre averaging 0.19% Cu, 0.012% Mo, and 2.03 g/t Ag (expansion), extending mineralization to a vertical depth of 666 metres.
Mineralization at Gaspé Copper is of porphyry copper/skarn type and occurs as disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite and minor bornite and molybdenite. At least five retrograde vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier prograde skarn and porcellanite-hosted mineralization throughout the Gaspé Copper system. Porcellanite is a historical mining term used to describe bleached, pale green to white potassic-altered hornfels. Subvertical stockwork mineralization dominates at Copper Mountain whereas prograde bedding-replacement mineralization, that is mostly stratigraphically controlled, dominates in the area of Needle Mountain, Needle East, and Copper Brook. High molybdenum grades (up to 0.5% Mo) were locally obtained in both the C Zone and E Zone skarns away from Copper Mountain.
The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain stockwork mineralization ( see May 6, 2024 MRE press release ). Extending the resource model south of Copper Mountain into the poorly-drilled prograde skarn/porcellanite portion of the system subsequently led to a significantly increased resource, mostly in the Inferred category ( see November 14, 2024 MRE press release ).
The current drill program is designed to convert the November 2024 MRE to Measured and Indicated categories, as well as test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively. The November 2024 MRE was limited at depth to the base of the L1 skarn horizon (C Zone), and all mineralized intersections below this horizon represent potential depth extensions to the deposit, to be included in the next scheduled MRE update in Q1 2026.
All holes are being drilled sub-vertically into the altered calcareous stratigraphy which dips 20 to 25 degrees to the north. The L1 (C Zone) the L2 (E Zone) skarn/marble horizons were intersected in most holes, as well as intervening porcellanites that host the bulk of the disseminated copper mineralization.
Table 2: Drill hole locations
| DDH No. | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation |
| 30-1097 | 0.00 | -90.00 | 1224.0 | 316150.0 | 5426416.0 | 742.3 |
| 30-1100 | 0.00 | -90.00 | 987.0 | 315825.0 | 5426193.0 | 619.4 |
| 30-1101 | 0.00 | -90.00 | 592.0 | 316612.0 | 5425837.0 | 593.3 |
| 30-1102 | 0.00 | -90.00 | 930.0 | 316595.0 | 5426284.1 | 603.7 |
| 30-1104 | 0.00 | -90.00 | 999.0 | 315700.0 | 5426358.0 | 592.1 |
| 30-1105 | 0.00 | -90.00 | 819.0 | 316104.0 | 5425877.0 | 586.9 |
Explanatory note regarding copper-equivalent grades
Copper Equivalent grades are expressed for purposes of simplicity and are calculated taking into account: 1) metal grades; 2) estimated long-term prices of metals: US$4.25/lb copper, $20.00/lb molybdenum, and US$24/oz silver; 3) estimated recoveries of 92%, 70%, and 70% for Cu, Mo, and Ag respectively; and 4) net smelter return value of metals as percentage of the price, estimated at 86.5%, 90.7%, and 75.0% for Cu, Mo, and Ag respectively.
Qualified Person
The scientific and technical content of this news release has been reviewed and approved by Mr. Bernard-Olivier Martel, P. Geo. (OGQ 492), an independent "qualified person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").
Quality Assurance / Quality Control
Mineralized intervals reported herein are calculated using an average 0.12% CuEq lower cut-off over contiguous 20-metre intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals). Intervals of 20 metres or less are not reported unless indicating significantly higher grades . True widths are estimated at 90 – 92% of the reported core length intervals.
Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including insertion of blanks and standards in the sample stream. Drill core is drilled in HQ or NQ diameter and securely transported to its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to ALS Canada Ltd.'s preparation facility in Sudbury. Sample preparation details (code PREP-31DH) are available on the ALS Canada website. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for Cu, Mo and Ag.
About Osisko Metals
Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec ' s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt averaging 0.34% CuEq and Inferred Mineral Resources of 670 Mt averaging 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals' November 14, 2024 news release entitled "Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper". Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.
In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada ' s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals ' June 25, 2024 news release entitled "Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq". The Pine Point project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical substation and 100 kilometres of viable haul roads.
For further information on this news release, visit www.osiskometals.com or contact:
Don Njegovan, President
Email: info@osiskometals.com
Phone: (416) 500-4129
Cautionary Statement on Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "potential", "feasibility", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction decision (if at all); the ability to increase the Company's trading liquidity and enhance its capital markets presence; the potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in eastern North America.
Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's public disclosure record on SEDAR+ (www.sedarplus.ca) under Osisko Metals' issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission, or other regulatory authority has approved or disapproved the information contained herein.
Figures accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d9ceeb48-c38d-45dc-a5ec-f96863709f4a
https://www.globenewswire.com/NewsRoom/AttachmentNg/2df9a7aa-2f59-4631-b9dc-e4794a30e22b
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OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Empire Metals LTD (AIM: EEE; OTCQX: EPMLF), an exploration and resource development company, has qualified to trade on the OTCQX® Best Market. Empire Metals LTD upgraded to OTCQX from the OTCQB® Venture Market.
Empire Metals LTD begins trading today on OTCQX under the symbol "EPMLF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com .
The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.
Shaun Bunn, Managing Director of Empire Metals, comments:
"Empire Metals is delighted to upgrade to OTCQX. Building on the Company's international shareholder base, this further enhances the accessibility and visibility of our shares to both U.S. institutional and retail investors. Trading on OTCQX offers even more investors a pathway to participate in Empire's growth and and gain exposure to titanium - a strategically important critical mineral with strong fundamentals. We look forward to welcoming new U.S. investors as shareholders."
About Empire Metals LTD
Empire Metals is an exploration and resource development company with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia. The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep. Drill results have indicated excellent continuity in grades and consistency of the in-situ mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiOâ‚‚) values within the interbedded succession of sandstones, siltstones and conglomerates. The Company is focused on two key prospects (Cosgrove and Thomas), which have been identified as having thick, high-grade, near-surface, in-situ bedded TiOâ‚‚ mineralisation, each being over 7km in strike length. An Exploration Target for Pitfield was declared in 2024, covering the Thomas and Cosgrove mineral prospects, and was estimated to contain between 26.4 to 32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO2. Included within the total Exploration Target is a subset that covers the in-situ weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO2.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
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