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 Company invites individual and institutional investors, as well as advisors and analysts, to attend online at VirtualInvestorConferences.com Â
Element79 Gold Corp to Present at the Metals & Mining Virtual Investor Conference July 23
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Vancouver, British Columbia TheNewswire - July 18, 2025 -- Element79 Gold Corp (OTCQB: ELMGF, CSE: ELEM,OTC:ELMGF, FSE: 7YS0) a mining company focused on gold and silver exploration with a portfolio of assets in Nevada and Peru, today announced that CEO and Director, James C. Tworek, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on July 23, 2025
ÂÂ DATE Â : July 23, 2025 Â
ÂÂ TIME: 1:30pm EST Â
ÂÂ LINK: Â Â REGISTER HERE Â Â
 Available for 1x1 meetings:  July 23-29, 9am-5pm EST – booking link:     Element79 Gold - 1x1 Meeting Management Link
ÂÂ This will be a live, interactive online event where investors are invited to ask the company Â
ÂÂ questions in real-time. If attendees are not able to join the event live on the day of the Â
ÂÂ conference, an archived webcast will also be made available after the event. Â
ÂÂ It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates. Â
 Learn more about the event at   www.virtualinvestorconferences.com   . Â
ÂÂ Recent Company Highlights: Â
Â- Â
 Strategic refocus on Nevada exploration Â
  - Â
 Upcoming 43-101 reports in progress for Elephant and Gold Mountain Â
  - Â
 Preparing for exploration at Elephant project, Â
  - Â
 Acquisition of drill-ready Gold Mountain project in Battle Mountain trend Â
 Â
 Near-term catalysts include: Â
Â- Â
 Updated technical disclosures and resource modeling; Â
  - Â
 Drilling and exploration program launches at Gold Mountain and Elephant; Â
  - Â
 Strategic communications and investor engagement to reinforce market positioning Â
 Â
 About Element79 Gold Corp Â
  Element79 Gold Corp is a mining company focused on gold and silver exploration, with a portfolio of assets in Nevada and Peru. The Company is actively advancing its Gold Mountain and Elephant projects in Nevada and holds the high-grade Lucero mine in southern Peru. Element79 Gold is  listed on the OTCQB Market (OTCQB: ELMGF), Canadian Securities Exchange (CSE: ELEM,OTC:ELMGF), and the Frankfurt Stock Exchange (FSE: 7YS0). Â
 About Virtual Investor Conferences® Â
ÂÂ Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors. Â
 Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors. Â
ÂÂ CONTACTS: Â
ÂÂ Mike Smith Â
ÂÂ VP, Corporate Development Â
ÂÂ C: +1.604.319.6853 Â
 Â Virtual Investor Conferences Â
ÂÂ John M. Viglotti Â
ÂÂ SVP Corporate Services, Investor Access Â
ÂÂ OTC Markets Group Â
ÂÂ (212) 220-2221 Â
   johnv@otcmarkets.com   Â
ÂCopyright (c) 2025 TheNewswire - All rights reserved.
ÂNews Provided by TheNewsWire via QuoteMedia
Element79 Gold Corp to Present at the Metals & Mining Virtual Investor Conference July 23
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Element79 Gold Corp (OTCQB: ELMGF, CSE: ELEM,OTC:ELMGF, FSE: 7YS0) a mining company focused on gold and silver exploration with a portfolio of assets in Nevada and Peru, today announced that CEO and Director, James C. Tworek, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on July 23, 2025
ÂÂ DATE : July 23, 2025
TIME: 1:30pm EST Â
LINK: Â REGISTER HERE Â
Available for 1x1 meetings: July 23-29, 9am-5pm EST – booking link: Element79 Gold - 1x1 Meeting Management Link Â
 
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
ÂIt is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.
ÂLearn more about the event at  www.virtualinvestorconferences.com   . Â
ÂÂ Recent Company Highlights: Â
Â- Strategic refocus on Nevada exploration Â
- Upcoming 43-101 reports in progress for Elephant and Gold Mountain Â
- Preparing for exploration at Elephant project, Â
- Acquisition of drill-ready Gold Mountain project in Battle Mountain trend Â
 Near-term catalysts include: Â
Â- Updated technical disclosures and resource modeling; Â
- Drilling and exploration program launches at Gold Mountain and Elephant; Â
- Strategic communications and investor engagement to reinforce market positioning
 About Element79 Gold Corp Â
ÂÂ Element79 Gold Corp is a mining company focused on gold and silver exploration, with a portfolio of assets in Nevada and Peru. The Company is actively advancing its Gold Mountain and Elephant projects in Nevada and holds the high-grade Lucero mine in southern Peru. Element79 Gold is listed on the OTCQB Market (OTCQB: ELMGF), Canadian Securities Exchange (CSE: ELEM,OTC:ELMGF), and the Frankfurt Stock Exchange (FSE: 7YS0).
 About Virtual Investor Conferences ® Â
ÂVirtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
ÂProviding a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
ÂÂ CONTACTS: Â
Mike Smith Â
VP, Corporate Development
C: +1.604.319.6853
ms@element79.gold Â
 Virtual Investor Conferences Â
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com Â
  
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News Provided by GlobeNewswire via QuoteMedia
LaFleur Minerals Commences Diamond Drilling at the Swanson Gold Deposit and Completes Independent Valuation of the Beacon Gold Mill
LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to announce that it has commenced its diamond drilling program at its Swanson Gold Project ("Swanson") in the Abitibi region, Québec, after receiving all the necessary permits including the Authorization to Intervene (ATI) and the Forestry Intervention permits. These permit approvals mark a major milestone, allowing the Company to move forward with its fully funded, minimum 5,000 metre drilling program starting with the Swanson Gold Deposit. Simultaneously, the Company announces the completion of the independent valuation of its Beacon Gold Mill ("Beacon Mill") by Bumigeme Inc. ("Bumigeme") confirming: (1) the Beacon Mill is in excellent condition, (2) with rehabilitation and commissioning costs estimated at C$4.1 million, and (3) full replacement cost of the mill and tailings storage facility combined with permitting costs estimated to exceed C$71.5 million, underscoring the strategic value of the asset. LaFleur Minerals has also significantly expanded its land position at its wholly-owned Swanson Gold Project, now covering over 18,300 hectares across 445 claims and 1 mining lease, reinforcing its district-scale exploration potential.
These recent developments mark a major operational inflection point for LaFleur Minerals:
Detailed Mill Restart Plan: With the Beacon Gold Mill valued at over 17x its estimated rehabilitation and re-commissioning costs, LaFleur Minerals holds a unique, fully-permitted processing facility within a major gold mining jurisdiction, providing a path to near-term gold production in a region flush with custom-milling opportunities and nearby gold deposits.
Aggressive Drilling and Land Expansion: The start of a fully funded 5,000-metre drilling campaign and a significant land expansion within the Swanson Gold Project unlocking substantial discovery potential.
Strategic Positioning: Few junior mining companies control both an advanced gold project and a fully-permitted and refurbished mill-LaFleur Minerals is now positioned as one of the most exciting gold development companies in Québec, with low mill restart and commissioning costs and significant assets exceeding its current market cap.
BUMIGEME VALUATION COMPLETE
Independent mining engineering firm Bumigeme has completed its full evaluation of the Company's Beacon Mill in Val-d'Or, Québec and concluded that the mill is in excellent condition with anticipated rehabilitation and re-commissioning costs of C$4.1 million as part of its planned restart program. Furthermore, Bumigeme estimated the replacement CAPEX cost to build a new similar gold mill today at C$49.5 million. This cost does not include the building of a new tailings storage facility (TSF) including a tailings pond, finishing basin, piping, pumping station, etc., which is estimated at C$12 million, and mining and environmental studies and permitting costs estimated at C$10 million. Bumigeme also estimates it would take a minimum of 18 months to build a new mill and TSF, in addition to a minimum of 5 years to complete all required studies and receive all necessary permits from the federal, provincial, and municipal governments, and local and Indigenous communities prior to construction. The results of this independent valuation confirm the strong value and incredible opportunity the Beacon Mill offers for future milling of gold deposits in the Abitibi region after re-commissioning work is complete. The results of the Bumigeme evaluation will also be incorporated into the Company's ongoing work towards a Preliminary Economic Assessment (PEA) for the Swanson Gold Project.
The Company's next immediate priority is to secure the necessary financing to complete the rehabilitation and re-commissioning of the Beacon Gold Mill with the aim to complete the mill restart program by early 2026.
DIAMOND DRILLING COMMENCES AT SWANSON
The diamond drilling program at the Swanson Gold Project (Figure 1) will focus on priority target areas including the Swanson Gold Deposit, as well as Bartec, Jolin, and Marimac target areas (Figure 2). These high-potential zones were selected following an extensive compilation of historical data and recently completed detailed exploration work by LaFleur Minerals, including:
High-resolution airborne magnetic and VLF-EM surveys
Prospecting and soil geochemistry surveys
Induced polarization (IP) survey program
Drilling has already commenced at the Swanson Gold Deposit and will test key structural, geological, geochemical and geophysical anomalies for additional gold mineralization potential along strike. The Company looks forward to sharing additional details and drilling assay results in the coming weeks.
ADDITIONAL CLAIM STAKING AT SWANSON
The Company is also pleased to announce it has recently staked an additional 32 mineral claims, covering approximately 1,824 hectares, on strike and to the northwest of the Swanson Gold Deposit (Figure 3). This claims expansion extends the project's coverage of favourable geology to over 33 kilometres of strike length, significantly enhancing Swanson's exploration potential. The Swanson Property represents one of the largest land and mineral packages in the renowned southern Abitibi Gold Belt, which hosts favourable geology and mineralized structures. The Swanson Gold Project now includes 445 mineral claims and 1 mining lease covering a total of 18,304 hectares, positioning it as a key district-scale gold exploration play on a project that hosts over 36,000 metres of historical drilling and multiple high potential drill targets.
Paul Ténière, CEO of LaFleur Minerals stated, "We are very pleased with results of the full evaluation of the Beacon Gold Mill by Bumigeme and it truly shows the incredible potential of this milling asset as we advance towards becoming a near-term gold producer. Our technical team has also done an exceptional job integrating historical exploration data with new geophysical and geochemical datasets to define compelling drilling targets at Swanson. Receiving the required permits clears the way for us to advance one of the most exciting exploration and drilling campaigns in the region. Not only are we launching a fully funded, data-driven drilling program, but we've also strategically expanded our land position in a way that meaningfully increases our discovery potential."
Figure 1: Swanson Deposit - 50 km from the Beacon Gold Mill
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/259175_463e41b81478eb51_001full.jpg
Figure 2: Swanson drilling target regions and proposed 2025 drill holes (in blue)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/259175_463e41b81478eb51_002full.jpg
Figure 3: Recent staking at Swanson
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/259175_463e41b81478eb51_003full.jpg
QUALIFIED PERSON STATEMENT
All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the Company and considered a Qualified Person for the purposes of NI 43-101.
About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals' fully-refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.
ON BEHALF OF LaFleur Minerals INC.
Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding "Forward-Looking" Information
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from the Offering. Although the Company 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. 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. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259175
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Halcones Precious Metals Announces AGM Results
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Halcones Precious Metals Corp. (TSXV: HPM) (the " Company " or " Halcones ") is pleased to report that the nominees listed in the management proxy circular dated June 5, 2025 (the " Circular ") for the annual and special meeting of shareholders of Halcones held on July 17, 2025 (the " Meeting ") were elected as directors of the Company. The appointment of each of the nominees to the Company's board was approved by more than 96% of the votes cast at the Meeting.  Shareholders at the Meeting also approved the appointment of the Company's auditors and the Company's stock option plan.
ÂHalcones management would like to thank shareholders for their participation and continuing support.
ÂÂ About Halcones Â
ÂÂ Halcones Precious Metals Corp. is focused on exploring for and developing gold-silver projects in the Maricunga Belt, Chile, the premiere gold mining district in South America. The Company has a team with a strong background of exploration success in the region.
ÂÂ For further information, please contact: Â
ÂÂ Vincent Chen
Investor Relations
info@halconespreciousmetals.com
www.halconespreciousmetals.com
 Cautionary Note Regarding Forward-looking Information Â
ÂThis press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, the Meeting, shareholders support and the Company's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Halcones, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Halcones has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 information 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 information. Halcones does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
ÂNEITHER 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.
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1911 Gold Closes C$13.2 Million "Bought Deal" Life Offering Including Increased Investment by Eric Sprott
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1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB,OTC:AUMBF; FRA: 2KY) is pleased to announce that it has completed its previously announced "bought deal" LIFE offering (the " Offering ") for gross proceeds of C$13,225,232.30, including the exercise in full of the Underwriters' Option (as defined in the press release dated June 24, 2025). The Offering consisted of the sale of: (i) 3,750,000 common shares of the Company (the " Non-FT Shares ") at a price of C$0.20 per Non-FT Share; (ii) 2,924,000 common shares (the " Tranche 1 CEE Shares ") at a price of C$0.342 per Tranche 1 CEE Share; (iii) 31,163,633 common shares (the " Tranche 2 CEE Shares " and together with the Tranche 1 CEE Shares, the " CEE Offered Shares ") at a price of C$0.288 per Tranche 2 CEE Share; and (iv) 10,163,000 common shares (the " CDE Offered Shares " and, together with the Non-FT Shares and CEE Offered Shares, the " Offered Shares ") at a price of C$0.246 per CDE Offered Share. The CEE Offered Shares and CDE Offered Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the " Tax Act ")).
ÂShaun Heinrichs, President and CEO of 1911 Gold, commented, "We're extremely pleased with the overwhelming interest in this financing, which was significantly oversubscribed. Notably, Mr. Eric Sprott increased his participation and led the financing with a commitment well above his pro rata share. This additional capital positions us well to ramp up exploration and advance key development activities at the True North underground mine, in preparation for a potential restart of operations."
ÂEric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired 9,288,734 common shares pursuant to the Offering for total consideration of $1,857,746.80. Prior to the Offering, Mr. Sprott beneficially owned or controlled 33,333,334 common shares of the Company representing approximately 16.7% on a non-diluted basis. As a result of the Offering, Mr. Sprott now beneficially owns or controls 42,622,068 common shares representing approximately 17.2% on a non-diluted basis. The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. A copy of the early warning report with respect to the foregoing will appear on 1911 Gold's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (2176423 Ontario Ltd., 7 King Street East, Suite 1106, Toronto Ontario M5C 3C5).
ÂThe Offering was conducted on a "bought deal" basis led by Haywood Securities Inc. (" Haywood ") as lead underwriter and sole bookrunner, and including Velocity Trade Capital Ltd. (together with Haywood, the " Underwriters ").
ÂFor 2,924,000 CEE Offered Shares, the Company, pursuant to the provisions in the Tax Act shall use an amount equal to the gross proceeds of the sale of such CEE Offered Shares to incur eligible "Canadian exploration expenses" that qualify as both "flow-through mining expenditures" (as defined in the Tax Act) and "flow-through mining expenditures" as defined in subsection 11.7(1) of the Income Tax Act (Manitoba) for purposes of the Manitoba Mineral Exploration Tax Credit. Such expenditures shall be incurred after the Closing Date and prior to December 31, 2026 in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of such CEE Offered Shares. The Company shall renounce the qualifying expenditures so incurred to the purchasers of such CEE Offered Shares effective on or before December 31, 2025.
ÂFor 2,777,778 CEE Offered Shares, the Company, pursuant to the provisions in the Tax Act shall use an amount equal to the gross proceeds of the sale of such CEE Offered Shares to incur eligible "Canadian exploration expenses", after the Closing Date and prior to October 31, 2025 in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of such CEE Offered Shares. The Company shall renounce the qualifying expenditures so incurred to the purchasers of such CEE Offered Shares effective on or before October 31, 2025.
ÂFor 28,385,855 CEE Offered Shares, the Company, pursuant to the provisions in the Tax Act shall use an amount equal to the gross proceeds of the sale of such CEE Offered Shares to incur eligible "Canadian exploration expenses", after the Closing Date and prior to December 31, 2026 in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of such CEE Offered Shares. The Company shall renounce the qualifying expenditures so incurred to the purchasers of such CEE Offered Shares effective on or before December 31, 2025.
ÂFor the CDE Offered Shares, the Company, pursuant to the provisions in the Tax Act shall use an amount equal to the gross proceeds of the sale of the CEE Offered Shares to incur eligible "accelerated Canadian development expenses" after the Closing Date and prior to March 31, 2026 in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of CDE Offered Shares. The Company shall renounce the qualifying expenditures so incurred to the purchasers of the CDE Offered Shares effective on or before March 31, 2026.
ÂThe net proceeds from the sale of the Non-FT Shares shall be used for general corporate and working capital purposes.
ÂIn consideration for its services, the Company has paid the Underwriters a cash commission of C$688,513.94, equal to 6.0% of the gross proceeds from the Offering (subject to a reduction to 3.0% on certain president's list purchases) and 2,505,037 non-transferable compensation options (the "Compensation Options"), equal to 6.0% of the aggregate number of Offered Shares sold under the Offering (subject to reduction to 3.0% on certain president's list purchases). Each Compensation Option is exercisable to acquire one common share (a " Compensation Option Share ") of the Company at a price of C$0.22 per Compensation Option Share for a period of 24 months from the closing date of the Offering, except Compensation Options issued with respect to president's list purchasers, with such Compensation Options to be exercisable at a price of C$0.22 per Compensation Option Share for a period of nine months from the closing date.
ÂThe Offered Shares were sold to purchasers resident in Canada pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions and Coordinated Blanker Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption . The Offered Shares are not subject to any hold period under applicable Canadian securities legislation.
ÂThe Offering is subject to final acceptance by the TSX Venture Exchange.
ÂCertain insiders of the Company (within the meaning of the rules and policies of the TSXV) (the "Insiders") have acquired an aggregate of 10,288,734 common shares of the Company in connection with the Offering. The Insider's participation in the Offering therefore constitutes a "related-party transaction" within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (" MI 61-101 "). The Company is relying on exemptions from the formal valuation and minority security holder approval requirements of the related-party rules set out in sections 5.5(a) and 5.7(a) of MI 61-101 as the fair market value of the subject matter of the Offering does not exceed 25% of the market capitalization of the Company. The Company did not file a material change report more than 21 days before the closing of the Offering as the details of the Offering and the participation therein by each "related party" of the Company were not settled until shortly prior to the closing of the Offering, and the Company wished to close the Offering on an expedited basis for sound business reasons.
ÂThe Offered Shares have not been registered and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. Persons absent registration or an applicable exemption from the registration requirements. 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 any State in which such offer, solicitation or sale would be unlawful.
 About 1911 Gold Corporation Â
ÂÂ 1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totaling more than 61,647 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Manitoba. 1911 Gold believes its land package is a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario, and intends to focus on organic growth and accretive acquisition opportunities in North America.
ÂÂ 1911 Gold's True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.
ÂÂ ON BEHALF OF THE BOARD OF DIRECTORS Â
ÂShaun Heinrichs
ÂPresident and CEO
ÂÂ For further information, please contact: Â
ÂShaun Heinrichs
ÂChief Executive Officer
Â(604) 674-1293
Âsheinrichs@1911gold.com
Âwww.1911gold.com
ÂÂ CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Â
ÂÂ This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Â
ÂÂ All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. Â
ÂÂ Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Company to receive necessary regulatory approvals, the tax treatment of the securities issued under the Offering, the timing for the qualifying expenditures to be incurred and to be renounced in favour of the subscribers, and the plans, operations and prospects of the Company, are forward-looking statements. Â
 In making the forward-looking statements included in this news release, the Company have applied several material assumptions, including that the Company will use the net proceeds of the Offering as anticipated; that the Company will receive all necessary approvals in respect of the Offering; the Company´s financial condition and development plans do not change because of unforeseen events, and management's ability to execute its business strategy and no unexpected or adverse regulatory changes with respect to the Company mineral projects, and that the specific proposals to amend the Tax Act publicly announced on March 3, 2025 by the Minister of Energy and Natural Resources on behalf of the Minister of Finance proposing an amendment to extend the mineral exploration tax credit for investors in flow-through shares until March 31, 2027 will be enacted. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, 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 forward-looking 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. Â
ÂÂ All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. Â
ÂÂ 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. Â
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Maritime Resources Announces Closing of $11.5 Million Brokered Private Placement Financing
Maritime Resources Corp. (TSXV: MAE,OTC:MRTMD) ("Maritime" or the "Company") is pleased to announce the closing of its previously announced brokered "best efforts" private placement offering (the "Offering") of common shares in the capital of the Company ("Offered Securities") for aggregate gross proceeds of approximately $11,500,490. The Offering was led by Paradigm Capital Inc. ("Paradigm"), as lead agent and sole bookrunner, on a "best efforts" agency basis, together with SCP Resource Finance LP (together with Paradigm, the "Agents"), pursuant to the terms of an agency agreement among the Company and the Agents dated as of July 17, 2025 (the "Closing Date").
Pursuant to the Offering, the Company issued an aggregate of 10,177,425 Offered Securities, including the exercise of exercise of the Agents' option to sell additional Offered Securities, at a price of $1.13 per Offered Security (the "Issue Price"). All Offered Securities issued in connection with the Offering are subject to a four month plus one day hold period in accordance with Canadian securities laws. The net proceeds from the Offering will be used for exploration and development at the Company's mineral projects in Newfoundland and Labrador, repaying the balance of the Company's US$5,000,000 aggregate principal amount of senior secured notes, and general working capital purposes.
In connection with the closing of the Offering, the Company paid the Agents a cash commission and corporate finance fee totaling $684,089 and issued the Agents compensation options exercisable for a period of 24 months following the Closing Date to acquire up to 605,389 Offered Securities at the Issue Price.
The Offering was conducted in all provinces and territories of Canada pursuant to private placement exemptions, in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and in such other jurisdictions as agreed to by the Company and the Agents. The securities have not been, and will not be, registered under the U.S. Securities Act, or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor may there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Certain directors, officers and 10% shareholders of the Company participated in the Offering and subscribed for an aggregate of 30,975 Offered Securities for gross proceeds of $35,002. The participation of such insiders constituted a related party transaction as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on the exemptions in Sections 5.5(a) and 5.7(1)(a) from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the securities issued in the Offering will not exceed 25% of the Company's market capitalization. The Company did not file a material change report more than 21 days prior to the closing of the Offering as the subscriptions were not known in advance of its announcement.
About Maritime Resources Corp.
Maritime (TSXV: MAE,OTC:MRTMD) is a gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. Maritime holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property which includes the former Hammerdown gold mine and the Orion gold project. Maritime controls over 439 km2 of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by Maritime in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit.
On Behalf of the Board:
Garett Macdonald, MBA, P.Eng.
President and CEO
Phone: (416) 365-5321
info@maritimegold.com
www.maritimeresourcescorp.com
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Caution Regarding Forward-Looking Statements:
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of National Instrument 51-102 Continuous Disclosure Obligations of the Canadian Securities Administrators. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "could" or "would". While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. 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 information. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking statements in this news release include without limitation, statements related to the Offering and the use of proceeds thereof. All forward-looking information contained in this press release is given as of the date hereof, and is based on the opinions and estimates of management and information available to management as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
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