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Vancouver, British Columbia TheNewswire - June 5th, 2025 Prismo Metals Inc. (the " Company ") (CSE: PRIZ) (OTCQB: PMOMF) is pleased to announce the appointment of Gordon Aldcorn as President, effective immediately.
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EMU NL
Investor Insight
EMU NL is an Australia-focused base and precious metals exploration company offering a compelling opportunity in the highly lucrative copper space. A strategic focus on delineating a large-scale copper porphyry system at its Yataga Copper Project at Georgetown in Northern Queensland, combined with a leadership team of significant global experience and expertise, and an upward trending copper market, all make EMU NL worthy of considerable consideration for any investors looking at the copper sector.
Overview
EMU NL (ASX:EMU) is an ASX-listed precious and base metals exploration company with two active projects in, Australia: Yataga Copper Project in Georgetown (Queensland) and the Badja gold, tungsten and lithium project (Western Australia). EMU’s primary focus is accelerating exploration at the highly promising Yataga Copper Project.
Australia is one of the most attractive regions for mining, according to the Fraser Institute. It ranks Queensland as the 13th most attractive destination for mining investment.
In 2023, Queensland's mines yielded 12.6 tons of gold, positioning it as Australia's fourth most prolific state for this precious metal. The company's presence in relatively attractive mining jurisdictions positions it to capitalize on opportunities in Australia's resource sector and deliver sustainable returns to its shareholders. The recent fundraises of AU$1.45 million have provided sufficient funding to advance its exploration projects and EMU is planning its maiden drilling programme at the Yataga Copper Project in 2025.
Gold and copper continue to demonstrate bullish trends. Various factors are driving the surge in copper prices, including demand patterns such as upgrades in utility grids, the increasing use of copper in electric vehicles, and housing construction. Additionally, the growing energy demand from data centres powering AI applications and servers contributes to the increased need for copper. Both gold and copper prices have hit their all-time high in 2024, enhancing the prospects for junior miners to progress their projects and potentially secure financing easily.
Key Projects
Georgetown Project
The Georgetown project tenements span 850 sq. km. in North Queensland and comprise three exploration permits: Georgetown, Perpendicular Peak and Fiery Creek. Of these, Fiery Creek is the most promising and the current exploration interest for EMU as it covers the Yataga Copper Project.
The Georgetown tenements are located in a resource-rich yet under-explored region in Queensland’s far north, situated within the Georgetown mining district, with a significant history of mining activities and mineral discoveries.
EMU has identified the Yataga Copper Project as a massive-scale copper porphyry system within the 70 sq. km. Yataga Igneous complex. During 2023 and 2024, EMU's reconnaissance efforts at Fiery Creek yielded substantial geochemistry success with more than 8 sq km of highly anomalous copper results from the sampling of terminte mounds by pXRF. EMU concluded 2024 with two geophysics surveys with results currently pending. EMU has advised that it will drill targets during 2025 following completion of the wet season.
The 2023/24 work has confirmed significant, large-scale potential of the project.
The fieldwork has provided support for a large-scale copper porphyry system at the Yataga Copper Project. Drilling results this year will confirm the potential however EMU is targeting large economic bulk tonnage copper resources from shallow ore bodies at Fiery Creek and the Yataga Valley prospects.
Badja Project
The Badja project is located 32 kilometres southeast of the township of Yalgoo and covers an area of 870 hectares. The project's tenements include 2 centrally granted mining leases an adjoining mining lease application covering 279.3 hectares, and a granted exploration license covering 590.3 hectares. EMU’s previous drilling work has identified areas that are prospective for high-grade gold, tungsten and lithium.
EMU is evaluating options to maximize the value of the project, either through sale or retention.
Yataga Copper Project
The Yataga copper project is composed of two prospects overlaying the copper geochemistry anomalous zones within the Yataga Igneous Complex. Most recent discoveries include widespread surficial copper mineralisation along the NNW-SSE shear zone in the central part of the Yataga Copper Project. Surface geochemical surveys have updated EMU’s ecological modelling and identified multiple intra-pluton porphyry copper centres close to the surface. The company’s
recent work has identified a combined area of 8 sq. km of copper-in-soil anomalism with significant potential for expansion. The results from EMU’s field work continue to prove the project’s potential to be a global tier 1 scale copper discovery.
Management Team
Peter Thomas – Non-executive Chairman
Peter Thomas has over thirty years of experience running a legal practice specializing in giving advice to listed explorers and miners. He has served on the boards of various listed companies, including as the founding chairman of copper producer Sandfire Resources and mineral sands producer Image Resources. His current ASX-listed company board positions include non-executive director of Image Resources and non-executive chair of Middle Island Resources.
Roland Bartsch - Non-Executive Director
Roland Bartsch MSc. BSc (Hons) is a geoscientist/mining executive with more than 30 years’ experience in mineral exploration, project development, resource evaluation and mining.
Commencing his career at Western Mining Corporation he has worked with diverse major mining organisations, international consulting groups, and junior miners on copper-gold, base metal, gold and iron ore projects extending from Greenland, the Americas, Africa, Indonesia, Solomon Islands and Australia. Recent roles include chief executive officer, country manager Australia, general manager geology, vice-president technical/geology, technical director and manager geology, mining and exploration.
Tim Staermose – Non-executive Director
Tim Staermose boasts 23 years of expertise in equity capital markets and equity research. His professional journey includes roles at international sell-side equity brokerage firms based in South Korea and Hong Kong, notably Banque Indosuez (now part of Credit Agricole) in the late 1990s and Lehman Brothers in the early 2000s. Transitioning from sell-side equity research, Staermose has since operated as an independent researcher and stock-picker for several private research firms, focusing on natural resources, gold and mining investments.
Potential for large-scale copper porphyry discovery in Queensland, Australia
Prismo Metals Appoints Gordon Aldcorn as President
"I am honored to take on the role of President at Prismo Metals during this exciting phase of the Company's growth," said Mr. Aldcorn. "Prismo has built a compelling portfolio of high-potential precious and base metal projects in Mexico and Arizona, supported by a strong technical foundation and a clear exploration focus. I look forward to working with the Prismo team and valued partners to unlock further value for shareholders and advance our strategic."
With a commitment to responsible mineral exploration and long-term stakeholder engagement, Mr. Aldcorn brings over 20 years of experience in capital markets and junior public company development including the past five years in corporate management of copper/gold exploration projects.
"I am pleased that Gordon has agreed to join Prismo as President, taking over from Steve Robertson who transitions back to being an advisor, a role he took on back in January 2023," said Alain Lambert, CEO of Prismo. "I have known Gordon for many years, and I look forward to working with him to bolster our exploration and capital markets activities."
Prismo Metals Inc. thanks outgoing President Steve Robertson for his service and leadership and is pleased Mr. Robertson will remain with Prismo in an advisory role.
"I look forward to continuing to provide technical guidance in the role of Advisor as we go forward. Prismo's Hot Breccia project remains one of the most compelling copper exploration projects I have seen, and I am committed to helping Prismo move this project forward," said Steve Robertson.
Prismo's priority remains to undertake a 5,000-meter drill program at our Hot Breccia copper project located in the heart of the prolific Arizona Copper Belt. To achieve this important milestone, Prismo continues to engage in discussions with both potential investors and strategic partners already present in our district or wanting to gain a foothold in the district. Regarding our Palos Verdes silver project in Mexico, the Company continues to track the tremendous progress of our strategic partner Vizsla Silver Corp. as they move their exploration activities towards the northeast side of the Panuco district, where Palos Verdes is located. Finally, Prismo has recently been evaluating a select number of projects in North America that can provide tremendous exploration upside at attractive financial conditions.
"Current market conditions are favorable for acquisition of precious metals and copper projects at advantageous terms and conditions. We favor drill ready projects in America close to excellent infrastructure," said Dr. Craig Gibson, Chief Exploration Officer of Prismo. "We feel that being active in exploring a third project would greatly add to shareholder value."
The Board of Directors is confident that Mr. Aldcorn's leadership will further strengthen Prismo's position in the junior exploration space and support the advancement of its flagship Palos Verdes and Hot Breccia projects. Mr. Aldcorn was issued an aggregate of 150,000 restricted share units (the "RSUs"). Each RSU entitles the holder to be issued one Common Share on vesting. The RSUs will vest over one year, with one-third of the Options vesting every three months. Mr. Aldcorn was also granted 650 ,000 stock options (the " Options "). The Options are each exercisable to purchase one common share of the Company at an exercise price of $0.075 for a period of five years. The Options will vest over one year, with one-third of the Options vesting every three months.
About Prismo Metals Inc.
Prismo (CSE: PRIZ) is a mining exploration company focused on advancing its Hot Breccia copper project in Arizona and its Palos Verdes silver project in Mexico.
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Prismo Metals Inc.
1100 - 1111 Melville St., Vancouver, British Columbia V6E 3V6
Contact:
Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com
Gordon Alcorn, President gordon.aldcorn@prismometals.com
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Hot Breccia.
These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Hot Breccia.
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund the drilling campaign at Hot Breccia and the timing of such drilling campaign.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
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Red Metal Resources Provides Update on Results of Mapping Program on Its Carrizal IOCG Property
Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") is pleased to announce it has received results from the sampling and mapping work program, which was designed to follow up on and extend previously identified veins that make up approximately 15km of veining extending along strike from the historic Carrizal Alto mine.
Highlights
- Significant sample returns of 17.3% Cu with 5.0 g/t Au, 7.1% Cu with 8.4g/t Au, and 6.8% Cu with 7.0 g/t Au in the South Theresa Zone
- Clear definition of veins in the South Theresa zone, which show higher gold to copper ratios than the main Farellon structure
- 71 samples collected, all samples returned higher than 1% Cu, 41 returned greater than 4% Cu, and 22 returned greater than 1g/t Au
Figure 1: Gold sample results
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Figure 2: Copper sample results
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Red Metal Resources President and CEO, Caitlin Jeffs, stated,"These outstanding results, with grades up to 17.3% copper and 8.4 g/t gold, underscore Carrizal's potential as a cornerstone asset in the global copper-gold sector. With the Carrizal Property, we have the potential to unlock a world-class IOCG system, and we invite our shareholders to join us on this exciting journey toward discovery."
The 2025 mapping and sampling program has highlighted the higher-grade gold potential of the southwestern extension of the veins that have never been drill tested and only had limited sampling.
Sampling of the Armonia vein as it extends from the historic Carrizal Alto mine onto Red Metal's Carrizal Property continues to highlight the 2.5 kilometeres of veining that has not been drill tested.
Table 1: Grab Sample Highlights (1)(2)
| Sample Number | Northing UTM | Easting UTM | CuT % Total Cu | CuS % Soluble Cu | Au g/t |
| South Theresa Veins | |||||
| Carz 010 | 310602 | 6888689 | 17.3 | 17.1 | 5.0 |
| Carz 011 | 310521 | 6888638 | 7.1 | 6.8 | 8.4 |
| Carz 018 | 309681 | 6888087 | 6.8 | 6.6 | 7.0 |
| Carz 071 | 309713 | 6888210 | 6.3 | 6.2 | 0.4 |
| Carz 021 | 309812 | 6888230 | 6.1 | 6.0 | 0.3 |
| Carz 023 | 309970 | 6888385 | 4.9 | 4.9 | 1.0 |
| Carz 017 | 309650 | 6888053 | 4.9 | 4.8 | 1.6 |
| Carz 013 | 310274 | 6888473 | 4.5 | 4.4 | 0.8 |
| Carz 014 | 310202 | 6888420 | 4.3 | 4.2 | 0.7 |
| Gorda Vein | |||||
| Carz 106 | 309378 | 6888671 | 7.2 | 7.1 | 1.9 |
| Carz 103 | 309470 | 6888778 | 5.8 | 5.8 | 0.5 |
| Carz 101 | 309520 | 6888848 | 5.4 | 5.1 | 0.5 |
| Carz 110 | 309199 | 6888442 | 4.5 | 3.9 | 1.4 |
| Carz 107 | 309315 | 6888618 | 4.5 | 4.4 | 1.0 |
| Carz 113 | 309043 | 6888118 | 4.4 | 4.3 | 0.6 |
| Carz 112 | 309150 | 6888347 | 4.0 | 3.9 | 1.0 |
| Armonia Vein Extension | |||||
| Carz 001 | 311355 | 6889213 | 5.7 | 5.5 | 0.3 |
| Carz 047 | 311279 | 6890005 | 5.5 | 5.5 | 0.7 |
| Carz 003 | 310985 | 6888985 | 4.9 | 4.8 | 3.0 |
| Carz 088 | 310935 | 6889853 | 4.5 | 4.4 | 0.3 |
| Carz 044 | 311497 | 6890106 | 4.4 | 4.3 | 0.8 |
| Carz 058 | 310385 | 6889051 | 4.2 | 4.0 | 1.2 |
| Carz 084 | 310621 | 6889602 | 3.9 | 3.2 | 0.8 |
| Carz 043 | 311544 | 6890152 | 3.8 | 3.6 | 0.5 |
| Carz 080 | 310432 | 6889267 | 3.6 | 1.1 | 1.0 |
(1)Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.
(2)This table represents a selection of highlights including 41 samples out of 102 samples taken
Qualified Person
The technical content of this news release has been reviewed and approved by Caitlin Jeffs, P. Geo, who is a Qualified Person ("QP") as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About Red Metal Resources Ltd.
Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing clean energy and strategic minerals projects. The Company's portfolio of projects includes seven separate mineral claim blocks and mineral claim applications, highly prospective for Hydrogen, covering 172 mineral claims and totalling over 4,546 hectares, located in Ville Marie, Quebec, and Larder Lake, Ontario, Canada. As well, the Company has a Chilean copper project, located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera. Red Metal is quoted on the Canadian Securities Exchange under the symbol RMES, on OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF and on the Frankfurt Stock Exchange under the symbol I660.
For more information, visit www.redmetalresources.com.
Contact:
Red Metal Resources Ltd.
Caitlin Jeffs, President & CEO
1-866-907-5403
invest@redmetalresources.com
www.redmetalresources.com
Forward-Looking Statements - All statements in this press release, other than statements of historical fact, are "forward-looking information" within the meaning of applicable securities laws. Red Metal provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to the ability to raise adequate financing, receipt of required approvals, as well as those risks and uncertainties identified and reported in Red Metal's public filings under its SEDAR+ profile at www.sedarplus.ca. Although Red Metal has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Red Metal disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Bold Ventures Announces Further Increase of Non-brokered Private Placement
Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce that the offering of its non-brokered private placement first announced on April 11th and increased on May 26, 2025, will be increased by a further $19,000 of Flow Through units (the "FT Units"). The Company is offering up to 9,000,000 working capital units (the "WC Units") at a price of $0.05 per WC Unit for up to $450,000, and up to 10,316,666 FT Units at a price of $0.06 per FT Unit for up to $619,000, both of which constitute the "Offering."
The Offering will remain open until the earlier of the sale of the remaining WC Units and FT Units and June 23, 2025.
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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Talon Metals Reports Record Assays from Historic Tamarack Discovery Grading 57.76% Copper Equivalent or 28.88% Nickel Equivalent over 34.9 Combined Meters
Total reported intercept of 47.33 meters grading 42.79% Copper Equivalent or 21.40% Nickel Equivalent
Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) (together with its subsidiaries, "Talon" or the "Company"), the majority owner and operator of the Tamarack Nickel-Copper-Cobalt Project ("Tamarack Nickel Copper Project") in central Minnesota, is pleased to announce assays from the previously announced historic massive sulphide ("MSU") intercepts in drill hole 25TK0563 (see the Company's press release dated May 12, 2025) measuring a combined 34.9 meters grading 28.88% NiEq and 57.76% CuEq at the Tamarack Nickel Copper Project.
Highlights:
Table 1: Select assay intervals for drill hole 25TK0563
| Drill Hole # | From (m) | To (m) | Length (m) | Assay | NiEq (%) | CuEq (%) | ||||||
| Ni (%) | Cu (%) | Co (%) | Pd (g/t) | Pt (g/t) | Au (g/t) | Ag (g/t) | ||||||
| 25TK0563 | 762.34 | 809.67 | 47.33 | 11.01 | 11.40 | 0.08 | 6.39 | 12.06 | 6.79 | 33.54 | 21.40 | 42.79 |
| 1 including | 762.34 | 782.73 | 20.39 | 13.11 | 14.68 | 0.10 | 8.28 | 16.08 | 9.24 | 42.13 | 26.70 | 53.40 |
| 2 and | 795.16 | 809.67 | 14.51 | 17.32 | 16.34 | 0.12 | 9.18 | 16.63 | 9.09 | 46.52 | 31.95 | 63.90 |
| 1+2 combined | 762.34 | 782.73 | 34.90 | 14.86 | 15.37 | 0.11 | 8.65 | 16.31 | 9.18 | 42.92 | 28.88 | 57.76 |
| 795.16 | 809.67 | |||||||||||
See Table 3 for further technical information
Drill hole 25TK0563 intersected a combined length of 34.90 meters across two zones of MSU starting at 762.34 meters grading 14.86% Ni, 15.37% Cu, 0.11% Co, 9.18 g/t Au, 16.31 g/t Pt, 8.65 g/t Pd, and 42.92 g/t Ag.
Of the two zones of MSU that were intercepted, the upper MSU starts at 762.34 meters and graded 26.70% NiEq (53.40% CuEq) over the 20.39 meter interval. The lower MSU starts at 795.16 meters and graded 31.95% NiEq (63.90% CuEq) over 14.51 meters.
These assays represent a portion of the mineralization encountered in hole 25TK0563 and further details may be provided as the remainder of the drill hole is assayed.
The drill hole was targeting Borehole Electromagnetic ("BHEM") anomalies identified from previous drill holes 25TK0562 and 16TK0250.
Drill hole 25TK0563 represents an approximate 68-meter step-out to the east from the intercept in drill hole 16TK0250.
A BHEM campaign has been initiated using multiple loops to help evaluate this new zone from various orientations. The results of this program will guide the future drill program.
"Intercepts of this scale and grade are extremely rare, and they don't come without deep technical understanding. Our in-house geophysics team helped vector us into this target, and our in-house drill team executed it flawlessly. This result validates both the geology at Tamarack and the integrated approach we've taken to exploration. Tamarack continues to exceed expectations and has raised the bar as to what high-grade means," said Brian Goldner, Chief Exploration and Operations Officer.
"A 34.9-meter intercept grading 28.88% nickel equivalent is truly world-class. Even when you compare it to historical data from globally significant nickel deposits, intercepts like this are few and far between. From a geologic perspective, this is a bonanza result by any standard," added Dean Rossell, Chief Geologist of Talon and credited with the discovery of Tamarack, Eagle and Boulderdash.
"As the United States accelerates efforts to secure domestic critical mineral supply chains for energy security and national defense, Tamarack stands out as a rare and essential piece of the puzzle. These assay results not only underscore the global significance of our deposit, but also its strategic importance to America's energy future," said Henri van Rooyen, CEO of Talon.
Figure 1: Photo of drill core from drill hole 25TK0563 starting at 762.34 meters depth showing a combined 34.9 meters of massive sulphide mineralization.
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Figure 2: Location of the 34.90 meters intercept in drill hole 25TK0563 in relation to the Tamarack Resource Area.
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Lundin Earn-in Agreement Update
Talon and Lundin Mining Corporation ("Lundin Mining") have extended the exclusivity period until June 30, 2025 as the parties continue to work on the earn-in and related agreements ("Lundin Agreements") pursuant to which Lundin Mining may acquire up to a 70% ownership interest in the Boulderdash and Roland exploration targets, which are in close proximity to Lundin Mining's Eagle Mine and encompass approximately 33,000 acres of minerals rights out of Talon's over 400,000 acre mineral package in Michigan (see the Company's press release from March 5, 2025 for further information).
Talon has two of its drill rigs currently drilling at Boulderdash.
QUALITY ASSURANCE, QUALITY CONTROL AND QUALIFIED PERSONS
Please see the technical report entitled "November 2022 National Instrument 43-101 Technical Report of the Tamarack North Project - Tamarack, Minnesota" with an effective date of November 2, 2022 ("November 2022 Technical Report") prepared by independent "Qualified Persons" (as that term is defined in National Instrument 43-101 ("NI 43-101")) Brian Thomas (P. Geo), Roger Jackson (P. Geo), Oliver Peters (P. Eng) and Christine Pint (P.G) for information on the QA/QC, data verification, analytical and testing procedures at the Tamarack Nickel Copper Project. Copies are available on the Company's website (www.talonmetals.com) or on SEDAR+ at (www.sedarplus.ca). The laboratory used is ALS Minerals who is independent of the Company.
Lengths are drill intersections and not necessarily true widths. True widths cannot be consistently calculated for comparison purposes between holes because of the irregular shapes of the mineralized zones. Drill intersections have been independently selected by Talon. Drill composites have been independently calculated by Talon. The geological interpretations in this news release are solely those of the Company. The locations and distances highlighted on all maps in this news release are approximate.
Dr. Etienne Dinel, Vice President, Geology of Talon, is a Qualified Person within the meaning of NI 43-101. Dr. Dinel is satisfied that the analytical and testing procedures used are standard industry operating procedures and methodologies, and he has reviewed, approved and verified the technical information disclosed in this news release, including sampling, analytical and test data underlying the technical information.
Where used in this news release:
NiEq% = Ni% + Cu% x $4.00/$8.00 x Cu Recovery/Ni Recovery + Co% x $20.00/$8.00 x Co Recovery/Ni Recovery + Pt [g/t]/31.103 x $1,000/$8.00/22.04 x Pt Recovery/Ni Recovery + Pd [g/t]/31.103 x $1,000/$8.00/22.04 x Pd Recovery/Ni Recovery + Au [g/t]/31.103 x $2,000/$8.00/22.04 x Au Recovery/Ni Recovery + Ag [g/t]/31.103 x $20.00/$8.00/22.04 x Ag Recovery/Ni Recovery
CuEq% = Cu%+ Ni% x $8.00/$4.00 x Ni Recovery/Cu Recovery + Co% x $20.00/$4.00 x Co Recovery/Cu Recovery + Pt [g/t]/31.103 x $1,000/$4.00/22.04 x Pt Recovery/Cu Recovery + Pd [g/t]/31.103 x $1,000/$4.00/22.04 Pd Recovery/Cu Recovery + Au [g/t]/31.103 x $2,000/$4.00/22.04 Au Recovery/Cu Recovery + Ag [g/t]/31.103 x $20.00/$4.00/22.04 x Ag Recovery/Cu Recovery
For Ni and Cu recoveries, please refer to the formulae in the November 2022 Technical Report. Recovery of Ni to the Cu concentrate was excluded from the NiEq calculation. The following recoveries were used for the other metals: 64.1% for Co, 82.5% for Pt, 69.3% for Pd and 72.6% for Au and Ag.
ABOUT TALON
Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. Talon's shares are also traded in the US over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land position (18km of strike length) with additional high-grade intercepts outside the current resource area. Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel Project and currently owns 51%. Talon is focused on (i) expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators, and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex. Talon has a neutrality and workforce development agreement in place with the United Steelworkers union. Talon's Battery Mineral Processing Facility in Mercer County was selected by the US Department of Energy for US$114.8 million funding grant from the Bipartisan Infrastructure Law and the US Department of Defense awarded Talon a grant of US$20.6 million to support and accelerate Talon's exploration efforts in both Minnesota and Michigan. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams.
Please visit the Company's website at www.talonmetals.com or contact:
| Media Contact: Jessica Johnson (218) 460-9345 johnson@talonmetals.com | Investor Contact: Mike Kicis 1 (647) 968-0060 kicis@talonmetals.com |
FORWARD-LOOKING STATEMENTS
This news release contains certain "forward-looking statements". All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to future exploration work, including future drill results and assays as well as geological interpretations, and whether Talon will enter into the Lundin Agreements. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company.
Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Table 2: Collar Location of Drill Hole 25TK0563
| Drill Hole (#) | Easting (m) | Northing (m) | Elevation (masl) | Azm | Dip | End Depth (m) |
| 25TK0563 | 491049.16 | 5168344.40 | 388.00 | 170.66 | -84.56 | 867.77 |
Collar coordinates are UTM Zone 15N, NAD83.
Azimuths and dips are taken from the survey record at collar unless otherwise noted.
Table 3: Assay Table for Drill Hole 25TK0563
| Drill Hole # | From (m) | To (m) | Length (m) | Assay | NiEq (%) | CuEq (%) | ||||||
| Ni (%) | Cu (%) | Co (%) | Pd (g/t) | Pt (g/t) | Au (g/t) | Ag (g/t) | ||||||
| 25TK0563 | 762.34 | 809.67 | 47.33 | 11.01 | 11.40 | 0.08 | 6.39 | 12.06 | 6.79 | 33.54 | 21.40 | 42.79 |
| including | 762.34 | 782.73 | 20.39 | 13.11 | 14.68 | 0.10 | 8.28 | 16.08 | 9.24 | 42.13 | 26.70 | 53.40 |
| including | 795.16 | 809.67 | 14.51 | 17.32 | 16.34 | 0.12 | 9.18 | 16.63 | 9.09 | 46.52 | 31.95 | 63.90 |
Length refers to drill hole length and not True Width.
True Width is unknown at the time of publication.
All samples were analysed by ALS Minerals. Nickel, copper, and cobalt grades were first analysed by a 4-acid digestion and ICP AES (ME-MS61). Grades reporting greater than 0.25% Ni and/or 0.1% Cu, using ME-MS61, trigger a sodium peroxide fusion with ICP-AES finish (ICP81). Platinum, palladium, and gold are initially analyzed by a 30g fire assay with an ICP-MS finish (PGM-MS24). Any samples reporting >1g/t Pt or Pd trigger an over-limit analysis by ICP-AES finish (PGM-ICP27) and any samples reporting >1g/t Au trigger an over-limit analysis by AAS (Au-AA26). For Ag, ICP-AES through Aqua regia digestion (ME-ICP 41).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254546
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Vertex Minerals Limited Share Purchase Plan Raises A$1.6M and Closes
Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to advise that the Company's Share Purchase Plan Offer ("SPP") is closing Friday 6 June 2025 after raising A$1.6 million.
As announced on 12 May 2025, the Company proposed a maximum of A$1 million Share Purchase Plan Offer as part of a A$11 million capital raising.
Due to an overwhelming response, the Company decided to close the SPP early.
To view the updated anticipated dates, please visit:
https://abnnewswire.net/lnk/HQL85278
As announced on 12 May 2025, the Company proposed a maximum of A$1 million Share Purchase Plan Offer as part of a A$11 million capital raising.
Due to an overwhelming response, the Company decided to close the SPP early.
To view the updated anticipated dates, please visit:
https://abnnewswire.net/lnk/HQL85278
About Vertex Minerals Limited:
Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.
Source:
Vertex Minerals Limited
Contact:
Roger Jackson
Executive Chairman
Tully Richards
Technical Director
tully@vertexminerals.com.au
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Finlay Minerals Announces Increase in Size of Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units
/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/
finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce that due to strong investor interest it has increased the size of its non-brokered private placement (the " Private Placement "), previously announced on May 26, 2025 to raise up to $1,700,000 . The Private Placement will consist of the issuance of any combination of: (i) common shares of the Company to be issued on a flow-through basis under the Income Tax Act ( Canada ) (each, a " FT Share ") at a price of $0.11 per FT Share, and (ii) non-flow-through units of the Company (each, a " NFT Unit ") at a price of $0.10 per NFT Unit, for aggregate gross proceeds to the Company of up to $1,700,000 . The Private Placement is subject to a minimum offering amount of $500,000 to be raised through any combination of FT Shares and NFT Units.
The Company also announces that it will use the gross proceeds from the issuance of FT Shares to incur "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures", as such terms are defined in the Income Tax Act ( Canada ).
Each NFT Unit will be comprised of one non-flow-through common share of the Company (each, a " NFT Share ") and one non-flow-through common share purchase warrant (a " Warrant "). Each Warrant will be exercisable by the holder thereof to acquire one NFT Share at an exercise price of $0.20 per NFT Share for a period of two years from the date of issuance of the Warrant (the " Warrant Expiry Date "), subject to acceleration. The Warrant Expiry Date may, at the Company's sole discretion, be accelerated if at any time following the Closing Date (as defined herein), the common shares of the Company trade at a daily volume-weighted average trading price above $0.30 per common share for a period of 30 consecutive trading days on the TSX Venture Exchange (the " TSXV ") or on such other stock exchange where the majority of the trading occurs (the " Trading Target ") and the Company provides notice to the Warrant holders by way of press release announcing that such Trading Target has been achieved, provided that the accelerated expiry date of the Warrants falls on the earlier of (unless exercised by the holder prior to such date) (the " Accelerated Expiry Date "): (i) the 30th day after the Company provides notice to the Warrant holders of its intention to accelerate the Warrant Expiry Date; and (ii) the Warrant Expiry Date. The failure of the Company to give notice in respect of a Trading Target will not preclude the Company from giving notice of any subsequent Trading Target. All Warrants that remain unexercised following the Accelerated Expiry Date shall immediately expire and all rights of holders of such Warrants shall be terminated without any compensation to such holders.
The Company intends to use the gross proceeds of the Private Placement for exploration of the Company's SAY, JJB and Silver Hope properties, and for general working capital purposes, as more particularly described in the amended and restated offering document.
Subject to compliance with applicable regulatory requirements, the Private Placement is being conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions and in reliance on the Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption . The securities issued to purchasers in the Private Placement will not be subject to a hold period under applicable Canadian securities laws. There is an amended and restated offering document related to the Private Placement that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.finlayminerals.com . Prospective investors should read this amended and restated offering document before making an investment decision.
The closing of the Private Placement is expected to occur on or about June 9, 2025 (the " Closing Date "). The closing of the Private Placement is subject to certain closing conditions, including the approval of the TSXV. The Company may pay finder's fees in cash and securities to certain arm's length finders engaged in connection with the Private Placement, subject to the approval of the TSXV.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933 , as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.
About finlay minerals ltd.
Finlay is a TSXV company focused on exploration for base and precious metal deposits through the advancement of its ATTY, PIL, JJB, SAY and Silver Hope Properties; these properties host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of northern and central BC. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.
Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com
On behalf of the Board of Directors,
Robert F. Brown ,
Executive Chairman of the Board & Director
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 Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the terms and completion of the Private Placement, raising the minimum and maximum amounts of the Private Placement, the payment of finder's fees and issuance of finder's securities, the anticipated closing date and the planned use of proceeds for the Private Placement. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the ability to obtain regulatory approval for the Private Placement, the state of equity markets in Canada and other jurisdictions, market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements, and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.
SOURCE finlay minerals ltd.
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