FPX Nickel Outlines 2025 Activities for the Baptiste Nickel Project

FPX Nickel Corp. (TSX-V: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to outline plans for advancement of the Baptiste Nickel Project (" Baptiste " or " the Project ") in 2025. Following the completion of the robust 2023 preliminary feasibility study (" PFS "), the Company's 2025 activities will build on strong progress made in 2024, prioritizing the advancement of further engineering studies, baseline environmental data collection, and continued positive engagement with First Nations and the Provincial and Federal governments in preparation for anticipated entry into the environmental assessment (" EA ") process in the second half of 2025.

"In 2025, FPX is focused on completing the key workstreams to initiate the EA process, which is the key critical path activity for the overall development of the Baptiste Nickel Project," commented Martin Turenne , FPX's President and CEO. "We are committed to working in partnership with the multiple First Nations communities connected to the Project, including the proposed mine site and associated off-site infrastructure such as the powerline and access road. This collaborative approach has resulted in targeting a later entry into the EA process than originally planned, in recognition of the desire by the Company, First Nations and the Provincial and Federal governments to align on the scope and design of the regulatory process in advance of initiating the EA."

Collaboration with Provincial and Federal Governments

In September 2024 , FPX announced that 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 Company is pleased to report that the CMO initiative is providing an excellent structure to proactively identify and address issues and opportunities ahead of the Project's entry into the EA process.

The Company has established a CMO working group with Provincial officials; this working group meets on a regular basis, with the CMO providing:

Concierge service for the Baptiste Project with support for EA readiness, funding opportunities and regulatory processes;
Project management support on pre-permitting and pre-regulatory processes, including federal processes; and
Dedicated government resources to assist in the establishment of agreements with First Nations.

FPX has benefited from policy support from the Federal Government through the Canadian Critical Minerals Strategy as well as programmatic support through Natural Resources Canada's Critical Minerals Centre of Excellence throughout 2024. The company has begun early engagement with Federal agencies in preparation of entering the EA process in a similar manner to that with B.C. through the CMO.

Collaboration with Indigenous Communities

FPX is committed to building upon relationships with Indigenous communities through inclusive processes, providing resources to enable engagement and collaborative decision-making, empowering Indigenous communities to advance self-determined goals, and optimizing long-term sustainable benefits and opportunities for communities connected to the Project.

In 2025, the Company will seek to continue to establish agreements with all potential participating Indigenous nations, which per the BC Environmental Assessment process, refers to all Indigenous nations that will participate in the environmental assessment process of a proposed project, including both on- and off-site facilities.

FPX has initiated collaborative Project design activities with First Nations in advance of the EA process. In 2024, the Company supported the formation of a First Nations Working Group involving multiple Nations to define a process for multi-lateral information sharing and collaborative decision-making, with the objectives of working with the Nations to assess and define the project, and to consider socio-economic impacts and opportunities, in order to ensure local communities can maximize benefits from the Project. In 2025, it is expected the First Nations Working Group will establish one or more sub-tables which will enable focused reviews and consideration of various Project parameters, such as mine design and socio-economic considerations and opportunities.

Community Engagement

FPX established a community office in 2024 in Fort St. James , which is located approximately 90 km from the Baptiste Project. The Company hosts regular open houses in Fort St. James which offer the opportunity for local community members to learn about the Company, its employees, and the Project. Open houses will continue on a quarterly basis in 2025, as well as participation by FPX representatives in other information-sharing opportunities with surrounding communities.

FPX's ongoing community initiatives include the Community Contribution Program and Student Bursary Program. The objective of the Community Contribution Program is for FPX to make financial contributions and donations to drive meaningful positive impact in the communities where the Company operates. FPX's Student Bursary Program has been established through Indspire, a Canadian Indigenous-led charity that invests in the education of First Nations, Inuit, and Métis individuals through scholarships, mentorship, and community-driven programs.

Cultural and Environmental Baseline Studies

Cultural and environmental baseline studies have been ongoing for the Baptiste Nickel Project since early 2022 and include surface water hydrology and water quality, wildlife, vegetation, fisheries and aquatics, and archeology programs. Ongoing and expanded programs were completed in 2024 in preparation for the EA process. The 2025 program will continue to study the Project area, and includes ongoing wildlife, climate, hydrology, water quality and hydrogeology work.

The cultural and environmental studies for the Project are being conducted by local Indigenous-owned and -affiliated businesses in the Project area. This approach targets the integration of Indigenous perspectives into the scoping and execution of these studies and provides a strong collaborative basis for eventual consultation activities associated with the EA process.

It is anticipated that the Company will have collected sufficient cultural and environmental baseline data to initiate the EA process by the second half of 2025.

Project Design & Engineering

In 2024, FPX established a variety of Feasibility Study (FS) initiatives, including the establishment of a Technical Advisory Committee with representatives from FPX's three strategic investors (see the Company's April 4, 2024 news release), the completion of a mineral processing pilot plant (see the Company's April 30, 2024 news release), and the completion of a comprehensive Value Engineering program which tangibly improved both project value and definition (see the Company's July 10 and July 30, 2024 news releases).

Metallurgy

The FS metallurgy program commenced in 2024, with key efforts including completion of a confirmatory, large-scale pilot testwork program for the concentrator, completion of pilot-scale hydrometallurgical testwork for the off-site refinery, and advancement of ancillary testwork programs to bolster FS design criteria. In 2025, FPX will continue with the FS metallurgy program, with key focus areas to include variability testwork, flotation optimization testwork, and further ancillary testwork to support FS definition.

Results to date from the FS metallurgy program, as previously reported, either validate or improve on the metallurgy basis as presented in the PFS. The FS testwork program is expected to run through to the first half of 2026, with material findings to be released as appropriate.

Feasibility Study Planning

In connection with the environmental and cultural baseline study works ongoing at Baptiste since 2022, FPX will conduct the first phase of FS engineering field investigations in the summer of 2025. This year's program will focus on long-lead data collection that will support the EA process, as well as improved engineering definition within the open-pit footprint.

Approximately 2,800 m of geomechanical drilling, hydrogeological drilling, and condemnation drilling is planned around the Project site in 2025, with most of the meterage focused within the open-pit footprint. The second phase of the FS engineering field investigation program will be undertaken in 2026 and will include resource in-fill drilling, further geomechanical drilling, further hydrogeological drilling, and ex-pit geotechnical drilling.

Following the completion of the second phase of engineering field investigations, the Feasibility Study is expected to be completed in 2027.

Andrew Osterloh , P.Eng., FPX's Senior Vice President, Projects & Operations, FPX's Qualified Person under NI 43-101, has reviewed and approved the technical content of this news release.

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 Baptiste mineral claims cover an area of 408 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.

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Baptiste Nickel Project, 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.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/18/c9299.html

News Provided by Canada Newswire via QuoteMedia

fpx:ca base metals investing tsxv:fpx Base Metals Investing

FPX:CA

FPX Nickel Announces Board and Management Changes

FPX Nickel Corp. (TSX-V: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce the appointment of Dan Apai, P. Eng., as the Company's Vice President, Projects effective May 1, 2025 . Mr. Apai succeeds Andrew Osterloh who will be departing his role as a Company employee on May 9, 2025 . Further, the Company is pleased to announce that Mr. Osterloh will be nominated for election as a Board member at the Company's annual general meeting to be held on June 26, 2025 .

Martin Turenne , President and CEO of FPX stated, "On behalf of the Board of Directors, I would like to thank Andrew for his dedication and service to the Company. During Andrew's tenure and under his leadership, the Company has significantly improved the development basis for the Baptiste Nickel Project, including progressing technical maturity in the areas of metallurgy, engineering, and execution planning. We are grateful for his efforts and wish him the very best going forward."

Mr. Turenne continued, "I am delighted to welcome Dan to our senior management team. Dan has been a valuable contributor since he joined the Company in January 2023 as our Engineering Manager. Dan brings a wealth of knowledge from prior experience developing and commissioning multiple large-scale projects and his deep familiarity with Baptiste will ensure a smooth transition as we further advance the Project."

"We are very happy to welcome Andrew to the FPX Board," commented the Company's Chairman, Peter Bradshaw . "Andrew has demonstrated exceptional leadership in progressing Baptiste through the development of the prefeasibility and refinery studies. His deep understanding of the Project and strategic insights will be a significant asset to our Board. We look forward to his contributions as a Board member to the Company's continued success."

Mr. Osterloh joined FPX in June 2021 , bringing with him extensive experience from project management roles at Fluor Canada and site operations positions at several notable mining projects, including Eskay Creek (that is now being redeveloped by Skeena Gold & Silver) and Huckleberry, operated by Imperial Metals, both located in British Columbia . Mr. Osterloh will be assuming the role of VP, Engineering & Construction at Skeena Gold & Silver, as the Company undertakes redevelopment of the Eskay Creek Project.

Mr. Apai, the Company's Engineering Manager since January 2023 , has over twenty years' mining industry experience in civil engineering and engineering management over a diverse range of projects. As Principal Civil Engineer for Fluor Canada, he led study and detailed engineering works for numerous large-scale mining projects for clients including Teck, Newmont, BHP, First Quantum, Glencore, Josemaria Resources, and Newcrest. Dan's technical expertise includes site layout, earthworks, water management, linear facilities (i.e., roads, powerlines, pipelines), and water supply systems – all elements that strongly influence the capital intensity, permitability, and operability of mining projects. Mr. Apai is a Member of the Association of Professional Engineers of British Columbia and holds a Bachelor of Engineering from the University of Western Australia .

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 required 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.

About FPX Nickel Corp.

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne , President, CEO and Director

Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2025/29/c3955.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

FPX Nickel Provides Update on 2025 Community Initiatives

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to provide an update on recent community investment initiatives. FPX is committed to positively contributing to the communities where we operate through investments in programs or organizations that address inequality and are strongly aligned with Company values. FPX established the Community Office in 2024 in Fort St. James which is located approximately 90 km from the Baptiste Nickel Project (the " Project "). The Company hosts regular open houses which offer the opportunity for local community members to learn about the Company, its employees, and the Project, and to provide early feedback to inform the Company's activities.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

FPX Nickel Announces Extension to Generative Exploration Alliance with JOGMEC

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce the extension of the Company's Global Generative Exploration Alliance (the " Generative Alliance ") with Japan Organization for Metals and Energy Security (" JOGMEC "). Building on strong progress achieved through the first two years of the Generative Alliance, FPX and JOGMEC have agreed to convert the arrangement into an open-ended joint venture going forward. The program will remain focused on the global identification and acquisition of high-quality awaruite nickel properties similar in geological character to the Company's flagship Baptiste Nickel Project (" Baptiste ") in central British Columbia .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

FPX Nickel Publishes Scoping Study Report for North America's Largest Nickel Sulphate Refinery

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") announces that further to its news release dated February 24, 2025 it has published the Report for the Awaruite Refinery Scoping Study (the " Study ") on its website at https:fpxnickel.comprojects-overviewawaruite-refinery .

The Study demonstrates a compelling business case for the development of a standalone refinery (the " Refinery ") to refine awaruite concentrate into battery-grade nickel sulphate for the electric vehicle (" EV ") industry, along with producing valuable cobalt, copper, and ammonium sulphate by-products. The Study has been prepared by Wood Canada Limited and all amounts are in US Dollars unless otherwise indicated.

Highlights

Strong Economics: After-tax NPV _8% of $445 million and IRR of 20% at $8.50 /lb Ni
Large-Scale, Long Life : 40-year operating life producing 32,000 tpa of nickel contained in battery-grade nickel sulphate
Valuable Products: Production of battery-grade nickel sulphate for the EV industry, and by-products including cobalt, copper, and ammonium sulphate, a valuable fertilizer product for the agricultural sector
Low Cost: Total estimated operating costs of $1,598 /t Ni, or $133 /t Ni ( $0.06 /lb Ni) on a by-product basis for refining awaruite concentrate to battery-grade nickel sulphate, resulting in total all-in production costs of $8,290 /t Ni ( $3.76 /lb Ni) for nickel sulphate generated from awaruite mineralization (inclusive of mining, processing, refining, on a by-product basis), with both figures ranking in the lowest decile of the respective global nickel sulphate cost curves
Low Carbon : A carbon intensity of 0.2 tCO2/t Ni for refining operations, resulting in a total all-in carbon intensity of 1.4 t CO2/t Ni for nickel sulphate generated from awaruite mineralization, which is magnitudes lower than current nickel sulphate production routes

The Study reinforces the opportunity for the development of an integrated, made-in- Canada solution from mine-to-battery, utilizing awaruite concentrate as a lynchpin source of nickel, with conventional refining steps underpinning low-cost, low-carbon nickel production for use in domestic and allied country EV battery supply chains. The Study is described more fully in the FPX news release dated February 24, 2025 , and incorporates the flowsheet advancements outlined in the Company's previously reported pilot-scale hydrometallurgical testwork results (see the FPX news release dated October 15, 2024 ).

Andrew Osterloh , P.Eng., FPX's Senior Vice President, Projects and Operations, has reviewed and approved the content of this news release.

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Baptiste Nickel Project, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron 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, including those which relate to the proposed development of the Refinery, the intended processing of commercially available awaruite concentrate at the Refinery and the ability to obtain same; the projected economics of the Refinery, including capital cost; operating costs; NPV; IRR; carbon intensity; processing life; growth of the EV market; marketability of the concentrate; growth of demand for nickel sulphate and pricing therefor; and all other statements, other than statements of historical facts. These statements address future events and conditions and actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the public reports and filings for FPX, filed on SEDAR+ at www.sedarplus.com . Although FPX believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, FPX disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2025/31/c8434.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Global Nickel Mining Market Size Forecasted to Reach $100 Billion By 2034 as Demand for Electric Vehicles Rises

FN Media Group News Commentary - The mining industry's increasing focus on sustainability and responsible practices is influencing nickel mining. Companies are adopting environmentally friendly processes to meet regulatory standards and consumer expectations. According to a recent report from Precedence Research said: "The global nickel mining market size is calculated at USD 56.42 billion in 2025 and is forecasted to reach around USD 100.29 billion by 2034, accelerating at a CAGR of 6.56% from 2025 to 2034. The Asia Pacific market size surpassed USD 30.81 billion in 2024 and is expanding at a CAGR of 6.65% during the forecast period. The market sizing and forecasts are revenue-based (USD MillionBillion), with 2024 as the base year. The global nickel mining market size accounted for USD 53.12 billion in 2024 and is predicted to increase from USD 56.42 billion in 2025 to approximately USD 100.29 billion by 2034, expanding at a CAGR of 6.56% from 2025 to 2034." It continued: "North America is set for swift expansion in the nickel mining market owing to a heightened need for nickel in electric vehicle (EV) manufacturing and renewable energy applications. The region's commitment to clean energy initiatives and carbon reduction fuels the demand for nickel, essential in EV battery production. Supported by favorable government policies, investments in sustainable mining methods, and advancements in mining technologies, North America stands as a pivotal player in the growing nickel mining sector on the global stage. The rapid expansion of the electric vehicle (EV) market stands as a pivotal catalyst, driving a surge in nickel demand. Nickel's indispensable role in electric vehicle batteries positions it as a cornerstone element in this burgeoning market. Projections from the International Energy Agency (IEA) indicate a noteworthy 41% increase in global electric car sales, surpassing 3 million units in 2020, underscoring the heightened nickel consumption associated with the EV boom." Active Companies mentioned in the article includes: First Atlantic Nickel Corp. (OTCQB: FANCF) (TSX-V: FAN), TMC the metals company Inc. (NASDAQ: TMC), Tesla, Inc. (NASDAQ: TSLA), FPX Nickel Corp. (OTCQB: FPOCF) (TSX-V: FPX), Power Metallic Mines Inc. (OTCBB: PNPNF) (TSX-V: PNPN).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Pan American Silver Announces Results of Annual General and Special Meeting

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") reported the voting results from its annual general and special meeting of shareholders held on May 7, 2025, in Vancouver, British Columbia (the "Meeting"). Each of the matters voted upon at the Meeting are described in detail in the Company's Management Information Circular dated March 17, 2025, which is available on the Company's website at https://www.panamericansilver.com/invest/financial-reports-and-filings/ .

A total of 248,138,835 common shares were represented at the meeting, being 68.52% of the Company's issued and outstanding common shares as at the record date. Shareholders voted in favour of all matters brought before the Meeting, including setting the number of directors at nine, the election of management's nominees as directors, the appointment of auditors for the ensuing year, and the acceptance of the Company's approach to executive compensation, known as "say-on-pay".

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Vertex Minerals Limited Appointment of Joint Chief Financial Officers

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce the appointment of Vince Fayad and Kurt Laney as Joint Chief Financial Officers (CFO) of the Company.

HIGHLIGHTS:

- Appointment of Vince Fayad and Kurt Laney as Joint Chief Financial Officers

- Both bring extensive experience in the public company sector, with a strong focus on the mining industry

- Focus on processes and controls to support the growth and development of the Company

- Based in Sydney

Vince and Kurt bring a wealth of experience in both the mining and public company sectors. Their combined experience, together with their broader expertise in handling larger trading entities, will be invaluable as the Company progresses towards its next stage of production. Vince and Kurt will work alongside the management team at Hill End, with a particular focus on supporting the evolution of the Company's processes and controls across the accounting, finance and treasury functions as Vertex transitions to production.

Both Kurt and Vince are Chartered Accountants and their experience includes:

- Vince has over 40 years' experience in corporate finance, international M&A, accounting and other advisory related services in Sydney-based mid-tier accounting firms. His experience ranges from provision of corporate, accounting and secretarial services, together with strong commercial acumen particularly, in the planning and execution and of development strategies for projects as well as acquisition skills.

- Kurt is an experienced Chartered Accountant with over ten years of experience specialising in the provision of accounting for publicly listed companies, taxation, and corporate secretarial services.

Vince brings extensive public company experience, including his current role as Executive Director and Joint Company Secretary of Astute Metals NL (ASX:ASE). Kurt also serves as CFO and Joint Company Secretary of ASE. Over the past decade, both Vince and Kurt have held Joint CFO and Company Secretary roles across several other ASX-listed companies.

Executive Chairman Roger Jackson commented, "I am delighted with the appointment of Vince and Kurt. They bring not only a strong degree of financial acumen, but also have extensive public company experience and, being Sydney-based, will integrate well with our project team and operations. These skills will be invaluable as the Company moves forward. I look forward to working with Vince and Kurt".

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

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less

Lumina Gold Closes US$20 Million Convertible Debt Private Placement

Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") is pleased to announce that, further to its news release dated April 21, 2025 it has closed the private placement (the "Private Placement") issuance of an aggregate principal amount of US$20 million unsecured convertible notes (the "Notes") bearing interest at a rate of 6.0% per annum.

The Notes and any securities issuable upon conversion are subject to a four month hold period expiring on September 7, 2025 in accordance with applicable Canadian securities laws. No securities have or will be issued as bonuses, finder's fees or commissions in connection with the Private Placement.

About Lumina Gold

Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based exploration company focused on the Cangrejos project located in El Oro Province, southwest Ecuador . In 2023, the Company completed a Pre-Feasibility Study for the Project, which is the largest primary gold deposit in Ecuador . Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.

Further details are available on the Company's website at https://luminagold.com . To receive future news releases please sign up at https://luminagold.com/contact .

Lumina Gold Corp.

Signed: "Marshall Koval"

Marshall Koval , President & CEO, Director

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

View original content to download multimedia: https://www.prnewswire.com/news-releases/lumina-gold-closes-us20-million-convertible-debt-private-placement-302447559.html

SOURCE Lumina Gold Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/06/c1134.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

*Number of Directors*
Resolution	Votes For	Votes Against
Resolution to set the size of the Board of Directors to nine directors	246,926,144 (99.51%)	1,209,794 (0.49%)

*Election of Directors*
Director Nominee	Votes For	Votes Withheld
John Begeman	210,529,352 (98.35%)	3,537,518 (1.65%)
Neil de Gelder	172,635,326 (80.65%)	41,431,544 (19.35%)
Chantal Gosselin	212,837,785 (99.43%)	1,229,087 (0.57%)
Charles Jeannes	208,668,354 (97.48%)	5,398,516 (2.52%)
Kimberly Keating	212,981,263 (99.49%)	1,085,607 (0.51%)
Jennifer Maki	210,371,231 (98.27%)	3,695,638 (1.73%)
Kathleen Sendall	212,987,985 (99.50%)	1,078,885 (0.50%)
Michael Steinmann	213,524,644 (99.75%)	542,227 (0.25%)
Gillian Winckler	213,396,113 (99.69%)	670,758 (0.31%)

*Appointment of Auditor*
Resolution	Votes For	Votes Withheld
Resolution to appoint Deloitte LLP as auditors of the Company until its next annual general meeting and to authorize the directors of the Company to fix the remuneration to be paid to the auditors Company	223,262,957 (89.98%)	24,872,980 (10.02%)

*Say-on-Pay*
Resolution	Votes For	Votes Against
Advisory resolution to approve the Company's approach to executive compensation	204,185,486 (95.38%)	9,881,377 (4.62%)

Hole ID	X	Y	Z	Azi	Dip	Depth (m)	From (m)	To (m)	Interval (m)	Cu (%)	Ag (g/t)	Au (g/t)	AuEq (g/t)
LDR-25-06	549560	5525483	375	215	-51	474.0	Pending Assays
LDR-25-07	549453	5525313	375	215	-55	261.0	Pending Assays
LDR-25-08	549524	5525441	375	246	-57	516.0	405.6	413.1	7.4	0.9	5.6	4.6	5.7
						including	409.0	412.1	3.1	1.6	10.0	7.4	9.6
							463.8	466.7	2.9	1.4	3.3	8.3	10.2
						including	463.8	465.2	1.4	2.3	5.7	15.8	18.9
						including	464.2	464.6	0.4	7.2	18.0	51.3	60.8
LDR-25-09	549445	5525319	375	238	-54	252.0	Pending Assays
LDR-25-10	549489	5525229	375	220	-60	237.0	Pending Assays

David Southam Executive Chair T: +61 8 6118 1627 E: info@cygnusmetals.com	Ernest Mast President & Managing Director T: +1 647 921 0501 E: info@cygnusmetals.com	Media: Paul Armstrong Read Corporate T: +61 8 9388 1474

Deposit	Category	Tonnes (k)	Cu Grade (%)	Au Grade (g/t)	Cu Metal (kt)	Au Metal (koz)	CuEq Grade (%)
Corner Bay (2022)	Indicated	2,700	2.7	0.3	71	22	2.9
Corner Bay (2022)	Inferred	5,900	3.4	0.3	201	51	3.6
Devlin (2022)	Measured	120	2.7	0.3	3	1	2.9
	Indicated	660	2.1	0.2	14	4	2.3
	Measured & Indicated	780	2.2	0.2	17	5	2.4
	Inferred	480	1.8	0.2	9	3	2.0
Joe Mann (2022)	Inferred	610	0.2	6.8	1	133	5.5
Cedar Bay (2018)	Indicated	130	1.6	9.4	2	39	8.9
Cedar Bay (2018)	Inferred	230	2.1	8.3	5	61	8.5
Total	Measured & Indicated	3,600	2.5	0.6	90	66	3.0
Total	Inferred	7,200	3.0	1.1	216	248	3.8

Criteria	JORC Code explanation	Commentary
Sampling techniques	Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.	All drilling conducted by Cygnus Metals at the Chibougamau Project was completed under the supervision of a registered professional geologist as a Qualified Person (QP) who is responsible and accountable for the planning, execution, and supervision of all exploration activity as well as the implementation of quality assurance programs and reporting. All Cygnus drilling reported is NQ size (47.8 mm diameter).
	Include reference to measures taken to ensure sample representativity and the appropriate calibration of any measurement tools or systems used.	All sample collection, core logging, and specific gravity determinations were completed by Cygnus Metals under the supervision of a professionally qualified registered geologist. NQ core was marked for splitting during logging and is sawn using a diamond core saw with a mounted jig to assure the core is cut lengthwise into equal halves. Half of the cut core is placed in clean individual plastic bags with the appropriate sample tag. QA/QC is done in house by Cygnus Metals geologists with oversight from the Senior Geologist. The check samples (blanks and standards – 4% of total samples with another 2% of core duplicates taken on half split core) that were inserted into the sample batches are verified against their certified values and are deemed a pass if they are within 3 standard deviations of the certified value. The duplicates are evaluated against each other to determine mineralization distribution (nugget). If there are large discrepancies in the check samples, then the entire batch is requested to be re-assayed. The samples are then placed in bags for shipment to the offsite laboratory's facility. The remaining half of the core is retained and incorporated into Cygnus's secure, core library located on the property.
	Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard' work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.	Industry standard sampling practices were used with sample lengths ranging from 0.3 m to 1.0 m and respected geological contacts. Sample tags were placed at the beginning of each sample interval and the tag numbers were recorded in an MS Excel database. Sampling practice is considered to be appropriate to the geology and style of mineralisation.
Drilling techniques	Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).	Diamond core was drilled using surface diamond rigs with industry recognised contractors Miikan Drilling. Miikan is a joint venture between Chibougamau Diamond Drilling Ltd., the First Nations community of Ouje-Bougoumou and the First Nations community of Mistissini both located in the Eeyou Istchee territory. Drilling was conducted using NQ core size. Directional surveys have been taken at 50m intervals.
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	Diamond core recovery was measured for each run and calculated as a percentage of the drilled interval. Overall, the core recoveries are excellent in the Chibougamau area. As a result, no bias exists.
Logging	Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.	All core was geologically and geotechnically logged. Lithology, veining, alteration and mineralisation are recorded in multiple tables of the drillhole database.
	Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.	Geological logging of core is qualitative and descriptive in nature.
	The total length and percentage of the relevant intersections logged.	100% of the core has been logged.
Sub-sampling techniques and sample preparation	If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled.	The NQ diameter the core was sawn in half following a sample cutting line determined by geologists during logging and submitted for analysis on nominal 1m intervals or defined by geological boundaries determined by the logging geologist. Each core sample is assigned a tag with a unique identifying number. Sample lengths are typically one metre but can be depending on zone mineralogy and boundaries. This sampling technique is industry standard and deemed appropriate. Samples sizes are considered appropriate to grain size of the materials being sampled.
Quality of assay data and laboratory tests	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.	Sample (NQ size half core) preparation and fire assay analysis were done at Bureau Veritas Commodities Canada Ltd ("BV") in Timmins, Ontario, and ICP-ES multi-elements analysis was done at BV in Vancouver, B.C. Samples were weighed, dried, crushed to 70% passing 2 mm, split to 250 g, and pulverized to 85% passing 75 µm. Samples are fire assayed for gold (Au) (50 g) and multi-acid digestion ICP-ES finish, for 23 elements (including key elements Ag, Cu, Mo). Samples with visible gold or likely to have gold grains are analysed with metallic screen fire assay. Samples assaying >10.0 g/t Au are re-analysed with a gravimetric finish using a 50 g charge. Samples assaying >10% Cu are re-analysed with a sodium peroxide fusion with ICP-ES analysis using a 0.25 g charge.
	For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.	None used.
	Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.	At Bureau Veritas, laboratory QC procedures involve the use of internal certified reference material as assay standards, along with blanks, duplicates and replicates.
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel.	Verification of sampling was made by Cygnus Metals and other professional consultant geologists.
	The use of twinned holes.	No hole is twinned.
	Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.	All logging data was completed, core marked up, logging and sampling data was entered directly into the database. The logged data is stored on the site server directly.
	Discuss any adjustment to assay data.	There was no adjustment to the assay data.
Location of data points	Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.	The location of the drill holes and the aiming points for the orientation of the drill holes were indicated on the ground using identified stakes. The stakes marking the location of the drillholes were set up and located with a Garmin GPS model "GPSmap 62s" (4m accuracy). Surveys are collected using a Reflex EZ-Shot® single-shot electronic instrument with readings collected at intervals of approximately every 30 m downhole plus a reading at the bottom of the hole.
	Specification of the grid system used.	The grid system used is UTM NAD83 (Zone 18).
	Quality and adequacy of topographic control.	A Digital Terrane Model (DTM) has been used to accurately plot the vertical position of the holes, which is considered to provide an adequate level of topographic control.
Data spacing and distribution	Data spacing for reporting of Exploration Results.	The drill spacing for recent drilling is considered appropriate for this type of exploration. Due to the historic nature and mix of underground and surface drilling the drill hole spacing for historic drill results is highly variable.
	Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.	No resource estimation is made.
	Whether sample compositing has been applied.	No sample compositing has been applied.
Orientation of data in relation to geological structure	Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.	Recent drilling is orientated approximately at right angles to the currently interpreted strike of the known interpreted mineralisation. Due to the historic nature of the drilling the drill hole orientation for historic drill results is highly variable.
Orientation of data in relation to geological structure	If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	No bias is considered to have been introduced by the existing sampling orientation.
Sample security	The measures taken to ensure sample security.	Core was placed in wooden core boxes close to the drill rig by the drilling contractor. The core was collected daily by the drilling contractor and delivered to the secure core logging facility. Access to the core logging facility is limited to Cygnus employees or designates.
Audits or reviews	The results of any audits or reviews of sampling techniques and data.	No audits or reviews of sampling techniques or data have been undertaken, therefore information on audits or reviews is not yet available.

CONSOLIDATED RESULTS
	Three months ended March 31, 2025		Three months ended March 31, 2024
Weighted average shares during period		362,408		364,486
Shares outstanding end of period		362,190		362,940

	Three months ended M arch 31,
		2025		2024
FINANCIAL
Revenue	$	773.2	$	601.4
Cost of Sales ⁽¹⁾	$	522.4	$	530.4
Mine operating earnings	$	250.8	$	71.0
Net earnings (loss)	$	169.3	$	(30.8	)
Basic earnings (loss) per share ⁽²⁾	$	0.47	$	(0.08	)
Adjusted earnings ⁽³⁾	$	153.0	$	4.7
Basic adjusted earnings per share ⁽²⁾⁽³⁾	$	0.42	$	0.01
Net cash generated from operating activities	$	174.8	$	61.1
Net cash generated from operating activities before changes in working capital ⁽³⁾	$	240.1	$	127.1
Sustaining capital expenditures ⁽³⁾	$	62.2	$	65.7
Project capital expenditures ⁽³⁾⁽⁴⁾	$	18.6	$	30.9
Cash dividend paid per share	$	0.10	$	0.10
PRODUCTION
Silver (thousand ounces)		5,003		5,009
Gold (thousand ounces)		182.2		222.9
Zinc (thousand tonnes)		14.0		9.8
Lead (thousand tonnes)		6.7		4.6
Copper (thousand tonnes)		0.6		1.7
AISC ⁽³⁾ ($/ounce)
Silver Segment		13.94		16.63
Gold Segment		1,485		1,499
AVERAGE REALIZED PRICES ⁽⁵⁾
Silver ($/ounce)		31.25		22.61
Gold ($/ounce)		2,868		2,078
Zinc ($/tonne)		2,819		2,424
Lead ($/tonne)		1,974		2,063
Copper ($/tonne)		9,287		8,373

(1)	Cost of Sales includes production costs, depreciation and amortization and royalties.
(2)	Per share amounts are based on basic weighted average common shares.
(3)	Non-GAAP measure; please refer to the "Alternative Performance (non-GAAP) Measures" section of this news release for further information on these measures. The AISC are excluding NRV inventory adjustments.
(4)	Project capital relates to expenditures at the La Colorada mine, the La Colorada Skarn, and the Huaron, Timmins and Jacobina mines.
(5)	Metal prices stated are inclusive of final settlement adjustments on concentrate sales.

Q1 2025 OPERATING PERFORMANCE
	Silver Production ( thousand ounces)	Gold Production ( thousand ounces)	AISC ( $ per ounce) ⁽¹⁾
Silver Segment
La Colorada (Mexico)	1,389	1.2	19.72
Cerro Moro (Argentina)	545	20.6	(4.40)
Huaron (Peru)	951	--	13.09
San Vicente (Bolivia) ⁽²⁾	643	--	19.70
Total Silver Segment ⁽³⁾	3,528	21.7	13.94
Gold Segment
Jacobina (Brazil)	1	45.1	1,243
El Peñon (Chile)	945	28.2	1,214
Timmins (Canada)	4	28.5	2,124
Shahuindo (Peru)	65	29.5	1,440
Minera Florida (Chile)	112	15.2	2,445
Dolores (Mexico)	349	14.0	569
Total Gold Segment ⁽³⁾	1,476	160.5	1,485
Total Consolidated ⁽³⁾	5,003	182.2

(1)	Non-GAAP measure; please refer to the "Alternative Performance (non-GAAP) Measures" section of this news release for further information on these measures. The AISC are excluding NRV inventory adjustments.
(2)	San Vicente data represents Pan American's 95.0% interest in the mine's production.
(3)	Totals may not add due to rounding.

	2025 Annual Guidance
Silver Production (million ounces)	20.00 - 21.00
Gold Production (thousand ounces)	735 - 800
Silver Segment AISC ⁽¹⁾ ($ per ounce)	16.25 - 18.25
Gold Segment AISC ⁽¹⁾ ($ per ounce)	1,525 - 1,625
Sustaining Capital Expenditures ($ millions)	270.0 - 285.0
Project Capital Expenditures ($ millions)	90.0 - 100.0

Hole_ID	Target	From	To	Au g/t	Length	Composite
HML25-003	New Millennium	18	20	1.78	2	2.0 m of 1.78 g/t Au
And	New Millennium	41	47	1.05	6	6.0 m of 1.05 g/t Au
And	New Millennium	71	74	1.77	3	3.0 m of 1.77 g/t Au
HML25-004	New Millennium	38	42	0.77	4	4.0 m of 0.77 g/t Au
HML25-006	New Millennium	52	65	0.23	13	13.0 m of 0.23 g/t Au
HML25-007	New Millennium	62.5	70.6	0.78	8.1	8.1 m of 0.78 g/t Au

Hole ID	From (m)	To (m)	Interval (m)	Mineral 1	%	Mineral 2	%	Mineral 3	%	Visible Gold (%)	Total Sulphide (%)
LDR-25-09	74.3	74.7	0.4	Pyrite	0.1	Chalcopyrite	0.1				0.2
LDR-25-09	152.65	157.1	4.45	Pyrite	2						2
LDR-25-09	158.5	159.15	0.65	Pyrite	2	Chalcopyrite	0.1	Sphalerite	0.1		2.2
LDR-25-09	159.15	159.75	0.6	Chalcopyrite	0.2	Pyrite	0.1	Sphalerite	0.1		0.4
LDR-25-09	168.85	169.45	0.6	Pyrite	2	Chalcopyrite	0.1				2.1
LDR-25-09	169.45	170.5	1.05	Pyrite	10	Chalcopyrite	0.2				10.2
LDR-25-09	174.15	174.85	0.7	Pyrite	5	Chalcopyrite	1				6
LDR-25-09	174.85	175.25	0.4	Chalcopyrite	1.5	Pyrite	0.1				1.6
LDR-25-09	177	177.5	0.5	Chalcopyrite	1	Pyrite	0.1				1.1
LDR-25-09	188.9	189.3	0.4	Chalcopyrite	3	Pyrite	0.1				3.1
LDR-25-09	190.3	190.7	0.4	Chalcopyrite	0.5	Pyrite	0.1				0.6
LDR-25-09	193.5	194.1	0.6	Chalcopyrite	5	Pyrite	0.1				5.1
LDR-25-09	197.5	198	0.5	Chalcopyrite	1						1
LDR-25-09	204	204.4	0.4	Chalcopyrite	0.5						0.5
LDR-25-09	204.4	204.9	0.5	Chalcopyrite	0.2	Pyrite	0.2	Sphalerite	0.1		0.5
LDR-25-09	204.9	205.4	0.5	Pyrite	10	Chalcopyrite	0.1				10.1
LDR-25-09	205.4	205.9	0.5	Pyrite	5	Chalcopyrite	0.1	Sphalerite	0.1		5.2
LDR-25-09	205.9	206.55	0.65	Chalcopyrite	3	Pyrite	1	Sphalerite	0.1		4.1
LDR-25-09	208.55	209	0.45	Chalcopyrite	0.5	Pyrite	0.1				0.6
LDR-25-09	209	209.6	0.6	Chalcopyrite	2	Sphalerite	0.2				2.2
LDR-25-09	209.6	210	0.4	Chalcopyrite	7						7
LDR-25-09	210	210.7	0.7	Chalcopyrite	20	Pyrite	20			0.1	40
LDR-25-09	210.7	211.5	0.8	Pyrite	25	Chalcopyrite	2	Stibnite	1		28
LDR-25-09	211.5	212	0.5	Pyrite	2	Chalcopyrite	0.1	Sphalerite	0.1		2.2
LDR-25-09	212	212.9	0.9	Pyrite	4	Chalcopyrite	2	Sphalerite	0.1		6.1
LDR-25-09	214	215	1	Chalcopyrite	0.5	Pyrite	0.2				0.7
LDR-25-09	215	215.8	0.8	Pyrite	4	Chalcopyrite	0.1				4.1
LDR-25-09	220.6	221.3	0.7	Chalcopyrite	1	Pyrite	0.1				1.1
LDR-25-09	222.75	223.3	0.55	Chalcopyrite	3	Pyrite	0.1				3.1
LDR-25-09	226.5	227.1	0.6	Pyrite	2	Chalcopyrite	1				3
LDR-25-09	227.1	228	0.9	Pyrite	20	Chalcopyrite	0.5				20.5
LDR-25-09	228	228.5	0.5	Pyrite	20	Chalcopyrite	8				28
LDR-25-09	228.5	229	0.5	Pyrite	5	Chalcopyrite	0.1				5.1

FPX Nickel Outlines 2025 Activities for the Baptiste Nickel Project

FPX Nickel Investor Kit

GET YOUR FREE INVESTOR KIT

Investor Insight

Overview

Company Highlights

Key Project

Decar Nickel District - Baptiste Project

2023 Preliminary Feasibility Study (PFS)

Downstream Integration and Refinery Study

Pilot-Scale Success and Government Support

Management Team

Martin Turenne – President, CEO and Director

Andrew Osterloh – Vice President, Projects

Tim Bekhuys – SVP, Sustainability and External Relations

Felicia de la Paz – CFO and Corporate Secretary

Dr. Peter M.D. Bradshaw – Chairman

Peter Marshall – Director

Anne Currie – Director

James S. Gilbert – Director

Kim Baird – Director

Rob Pease – Director

Latest News

FPX Nickel Investor Kit

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

TOP STOCKS