Bold Ventures

Bold Ventures Closes Second Tranche of Non-Brokered Private Placement

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") announces the second closing of its non-brokered private placement offering, first announced on April 11th, of up to 6,000,000 working capital units (the "WC Units") of the Company at a price of $0.05 per WC Unit for up to $300,000, and up to 10,000,000 Flow Through units (the "FT Units") at a price of $0.06 per FT Unit for up to $600,000, both of which constitute the "Offering."

Subscriptions for 2,901,333 FT Units and 4,040,000 WC Units for gross proceeds of $376,079.98 were completed in the second tranche, for a total of 3,501,333 FT Units and 5,800,000 WC Units for gross proceeds of $500,079.98 for the Offering so far.

The Offering will remain open until the earlier of the sale of the remaining WC Units and FT Units and May 23, 2025.

The Company paid cash finder's fees of $17,682.50 and issued 307,883 compensation warrants (the "Compensation Warrants") to eligible finders. Each Composition Warrant entitles the holder to acquire one common share of the Company at $0.08 until October 28, 2026.

The securities issued in the second tranche are subject to a hold period expiring on August 29, 2025.

Insider Subscriptions

Two insiders have agreed to subscribe for 250,000 FT Units for proceeds of $15,000 on the final closing of the Offering. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("MI 61-101") by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company to be issued to the insiders does not exceed 25% of its market capitalization.

The Offering

Each WC Unit comprises one (1) common share of the Company priced at $0.05 and one full common share purchase warrant (a "WC Warrant") entitling the holder to acquire one (1) common share at a price of $0.06 until two years (24 months) following the closing of the Offering. The proceeds from the WC Units will be used for general working capital, property maintenance, exploration and expenses of the offering.

Each FT Unit comprises one common share of the Company priced at $0.06 and one half (1/2) of a common share purchase warrant. One full common share purchase warrant (a "FT Warrant") and $0.08 will acquire an additional common share until eighteen (18) months following the closing of the Offering. The proceeds from the sale of the FT Units will be used for exploration work that qualifies for Canadian Exploration Expenses (CEE).

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website here.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

"Bruce A MacLachlan"
Bruce MacLachlan
President and COO
"David B Graham"
David Graham
CEO

Direct line: (705) 266-0847

Email: bruce@boldventuresinc.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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Bold Ventures (TSXV:BOL)

Bold Ventures


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Developing precious and critical mineral assets in mining-friendly Ontario

Bold Ventures Announces Non-Brokered Private Placement and First Tranche Closing

Bold Ventures Announces Non-Brokered Private Placement and First Tranche Closing

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce a non-brokered private placement offering of up to 6,000,000 working capital units (the "WC Units") of the Company at a price of $0.05 per WC Unit for up to $300,000 and up to 10,000,000 Flow Through units (the "FT Units") at a price of $0.06 per FT Unit for up to $600,000 both of which constitute the "Offering."

The Offering

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Bold Posts Updated Corporate Presentation

Bold Posts Updated Corporate Presentation

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce that it has posted updated maps and information on the Company website at www.boldventuresinc.com. The new information includes the corporate presentation with the latest information on its Ontario and Québec properties, future plans, and current share structure. A condensed presentation highlights Bold's flagship Burchell Gold and Copper Property located west of Thunder Bay, Ontario, as well as its Traxxin and Wilcorp gold projects in the same region, and provides proposed 2025 budgets for Burchell and Traxxin. The priority will be further exploration at the newly discovered 111 Zone at Burchell, where grab samples returned from 10 ppb Au up to 68 gt Au in late 2024.

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Bold Ventures Adds Claims to Cover Untested Anomalies at Joutel

Bold Ventures Adds Claims to Cover Untested Anomalies at Joutel

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") announces that it has added 11 additional claims to its Joutel Property, Québec, which is located approximately 140 km northwest of the city of Val d'Or, Québec. The property is situated in the vicinity of Bold's former Joutel property, over which Bold flew an airborne VTEMTM survey in 2012. The new claims cover untested geophysical anomalies from the 2012 survey. Historical diamond drilling in this area has identified anomalous nickel, silver, copper, zinc and gold associated with geophysical anomalies. Click here for more details about the property.

The Company looks forward to meeting with the mining and investment communities at PDAC in Toronto from March 2nd to 5th next week. The Company's President and COO, Bruce MacLachlan, the Company's V.P. Exploration, Coleman Robertson, and the Company's CEO, David Graham, will be present for the conference, as well as the preceding Metals Investor Forum from February 28th to March 1st. Bold will have booth #2610 at the conference, where it will showcase various samples, maps and photographs from the Company's northwestern Ontario projects. Of particular interest is the recent high-grade gold discovery at the Burchell Project. The 111 Zone discovery yielded impressive gold values ranging from 10 ppb Au up to 68,000 ppb Au (68 g/t Au or 2.2 oz./t Au). See Bold press releases dated December 12, 2024and January 9, 2025.

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Bold Ventures Announces PDAC 2025 Booth and Plans for Winter Exploration

Bold Ventures Announces PDAC 2025 Booth and Plans for Winter Exploration

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce that the Company will have a booth at the Prospectors and Developers Association of Canada (PDAC) convention from March 2nd to 5th (booth #2610). The Company's President and COO, Bruce MacLachlan, the Company's V.P. Exploration, Coleman Robertson, and the Company's CEO, David Graham, will be present for the duration of the conference, as well as the preceding Metals Investor Forum from February 28th to March 1st.

The Bold exhibition booth will showcase various samples, maps and photographs from the Company's Burchell Gold and Copper Project, the Company's Traxxin Gold Project, and the Company's Wilcorp Gold Project, all located between Thunder Bay and Atikokan, Ontario. Of particular interest is the recent high-grade gold discovery at the Burchell Project. The 111 Zone discovery yielded impressive gold values ranging from 10 ppb Au up to 68,000 ppb Au (68 g/t Au or 2.2 oz./t Au). See Bold press releases dated December 12, 2024and January 9, 2025. The exhibition booth will also showcase more recently obtained results from the three properties, see Bold press release dated January 17, 2025.

News Provided by Newsfile via QuoteMedia

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Bold Stakes Claims Near Springpole and Grants Options

Bold Stakes Claims Near Springpole and Grants Options

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce that the Company has staked 208 single cell claims covering 4180 hectares. The property, named the Springpole East Gold Project, is located 120 km east-northeast of the town of Red Lake, Ontario, and 9 km east of the Springpole Gold Deposit of First Mining Gold Corp ("First Mining") (Figure 1), which contains a resource of 4.6 Moz Au @ 0.94 gt Au in the Indicated Mineral Resource category and 0.3 Moz Au @ 0.54 gt Au in the Inferred Mineral Resources category (First Mining website).

Additionally, the Canamer or Birch Lake East Occurrence is located approximately 1.3 km west of the Property boundary, where First Mining obtained a result of 15.3 g/t Au from a grab sample in 2022 (First Mining January 17, 2023 news release). The showing is hosted in banded iron formation, a rock type which has been mapped in the northwest part of the Springpole East Property, corresponding to prominent magnetic anomalies (see Figure 2).

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Advance Metals

Successful Capital Raising to Accelerate Exploration at the High Grade Myrtleford Project

Advance Metals Limited (“Advance” or “the Company”) is pleased to announce the successful completion of a capital raising initiative to fully fund a follow-up exploration program at the Myrtleford Project in Victoria. The Company has secured firm commitments to raise $2.55 million (before costs) through a single-tranche Placement to institutional and sophisticated investors. Evolution Capital acted as Lead Manager for the raising, with significant backing from key existing AVM shareholders.

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Win Metals

Award of Exploration Incentive Scheme (EIS) Co-funding

WIN Metals Ltd (ASX: WIN) (“WIN” or “the Company”) is pleased to announce it has been awarded government EIS co-funding for proposed drilling of its Ganymede gold target located directly to the south-east of the Butchers Creek gold deposit.

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Vince Lanci: Gold Now Priced by China, Comex Losing Ground; Plus Silver Outlook

Vince Lanci of Echobay Partners shares his outlook for gold, silver and the US economy.

Lanci, who is also a professor at the University of Connecticut and publisher of the GoldFix newsletter on Substack, explains China's growing role in pricing gold, as well as current US market dynamics.

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Mini cart with gold bars on wooden surface, dark background.

WGC: Gold Demand Reaches Highest Q1 Level Since 2016

A chaotic global economic environment pushed gold to the forefront during the first quarter of 2025.

The yellow metal set multiple new all-time highs during the period, and the World Gold Council's (WGC) latest report on gold demand shows its average Q1 price came in at US$2,860 per ounce.

This action came as investors sought safe-haven assets on the back of widespread uncertainty.

Speaking to the Investing News Network ahead of the report's release, Joe Cavatoni, senior market strategist, Americas, at the WGC, said gold's unprecedented rise remains supported by strong fundamentals in the sector.

"We've seen record-setting prices, and we've seen a pace that we've never seen before in terms of reaching those record-setting levels," he commented. "We've topped US$3,500. This is all not a big surprise when you step back and think about what we've been signaling and talking to about risk — risk and uncertainty."

Best Q1 for gold demand since 2016

Digging into Q1 gold demand, the WGC highlights a 1 percent year-on-year increase to 1,206 MT, the highest for a first quarter since 2016. In value terms, the amount was close to the previous quarter's record of US$111 billion.

Total investment demand more than doubled, rising 170 percent year-on-year to come in at 551.9 metric tons (MT). That's up from the 204.4 MT seen in the first quarter of 2024.


Q1 investment demand also nearly matched levels seen during the quarter that Russia invaded Ukraine.

The main driver was an influx of investors into exchange-traded funds (ETF), which recorded inflows of 226.5 MT in Q1, a stunning reversal from the 113 MT of outflows in the year-ago period.

The WGC notes that investment flows started to pick up in January as the US began to discuss tariffs, but solidified later in the quarter as American policy became more erratic and recession fears began to pick up.

Explaining the source of ETF flows, Cavatoni noted that in 2024, China, India and Japan saw record demand — an interesting trend given that they tend to favor physical gold investment. That trend continued in Q1.

Cavatoni also suggested that western investors are beginning to return in a big way.

“North American ETF flows are exceptionally strong, 134 MT during the first quarter, and really just putting the money to work and understanding the risk and the risk offset that you get by adding gold to your portfolio,” he said.

According to an April 6 WGC report on ETFs, Q1 flows in dollar terms reached US$21 billion, marking the second highest number ever recorded, just behind Q2 2020, which saw 433 MT worth US$24 billion.

Central bank buying experienced a slowdown in Q1, but remained within the range established over the past three years. In total, 244 MT were added to reserves, with Poland, China, Kazakhstan and the Czech Republic leading.

The continued buying comes as central banks diversify their monetary assets and move away from US treasuries amid a heightening trade war. The WGC expects purchases to continue unless there is a substantial shift in geopolitical tensions.

Regarding physical gold, bar and coin demand grew 3 percent year-on-year to 325.4 MT. Tech sector demand remained flat at 80.5 MT, but Cavatoni explained that this isn’t a negative development.

“What’s exceptional about what we’re seeing is a flat level of consumption," he said. "Always understand that historically gold may have been at the forefront of a technological advance, or development of a certain aspect of technology, but when a technological community could find a substitute for it, it would be substituted out,” he said.

Tariffs may also affect gold usage in the tech sector, which could limit its applications.

Not everything was rosy, as gold jewelry demand experienced a 19 percent year-on-year decline to 434 MT as consumers shied away from luxury goods amid a challenging economic environment.

Gold mine supply reaches Q1 record

Year-on-year, the quarter saw a 1 percent increase in gold supply, which rose to 1,206 MT.

The gains were marked by a 1 percent increase in mine supply, which rose to 855.7 MT during the quarter compared to 853.4 MT in Q1 2024. This increase set a Q1 record, surpassing the 855 MT produced in 2016.

The most notable output rise came from Chile, with a 45 percent increase, largely due to Gold Fields’ (NYSE:GFI,JSE:GFI) Solares Norte mine returning to full production after weather had hindered operations in 2024. Output in Ghana and Canada rose by 11 percent and 4 percent, respectively, as new and expanded operations began to ramp up.

Cavatoni believes the high gold price will support mine supply as producers work to boost output.

“They are moving as fast as they can to get as much supply into the system, and we’re seeing that expected level of increase of about 1 to 2 percent," he told the Investing News Network

"I think that the mining industry is going to continue to produce. It’s going to continue to have the ability to get the benefits that come from a higher gold price, even in a world where we’re still in a world of sticky inflation."

Despite gold's higher price, which typically encourages an increase in gold recycling, the WCG was surprised by a 1 percent decrease from Q1 2024 to 345.3 MT. Cavatoni suggested the market could be somewhat deceptive, and investors should wait to see if the higher prices stimulates greater recycling during the second quarter.

Gold demand outlook for 2025

Looking forward, the WGC expects gold investment demand to build steam amid near-term stagflation and medium-term recession risks, in addition to factors like geopolitical tensions and higher US deficits.

Bar and coin demand is seen staying resilient, while central bank buying is expected to stay within the currently established range. Tech sector demand will remain at "healthy" levels, while jewelry demand will be dampened.

In terms of the gold price, Cavatoni noted that its path up may not be entirely smooth.

“We might see large flows in, some profit taking as we see the market and the price move in conjunction with how western investors are assessing risk assets. So it won’t necessarily be a smooth and steady upward trend always for the rest of the year,” he said, encouraging investors to watch what plays out for clues on sentiment.

Don’t forget to follow us @INN_Resource for real-time updates!

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

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Two hands holding pens over paper, graph in background.

Alkane-Mandalay Merger Paves Way for New Aussie Gold and Antimony Producer

Alkane Resources (ASX:ALK,OTC Pink:ALKEF) and Mandalay Resources (TSX:MND,OTCQB:MNDJF) have announced a merger of equals to form a new gold and antimony producer.

In a joint release on Monday (April 28), the companies said former Mandalay shareholders and existing Alkane shareholders will respectively own approximately 55 percent and 45 percent of the combined entity.

The new company will focus on Australia-based assets, such as Alkane’s Tomingley gold project in New South Wales and Mandalay’s Costerfield gold-antimony mine, which is located in Victoria.

Also included in Mandalay's portfolio is the Björkdal underground gold mine in Sweden.

“Mandalay’s two high-quality mines match the attributes of Tomingley: a proven history of consistent production, cash generation and exploration upside,” said Alkane Managing Director Nic Earner.

“The combination of assets, leadership, and supportive long-term shareholders enhances our scale and financial strength, and positions us well to continue to pursue additional growth opportunities."

Tomingley is Alkane’s flagship asset, and consists of the Tomingley gold operations, the Tomingley gold extension project, the Peak Hill gold mine and other exploration licences.

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Chris Vermeulen, gold bars.

Chris Vermeulen: Gold in "Blow-Off Phase" — Next Move, Plus Silver and Miners Outlook

Chris Vermeulen, chief market strategist at TheTechnicalTraders.com, shares his gold outlook.

He anticipates a significant correction once the broader stock market enters a downturn, but after that sees gold moving strongly upward once again in an "incredible multi-year rally."

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