
High grade interval in GS25-23 of 35m grading 0.97% Cu Eq. within 195.5m grading 0.42% Cu Eq.
Highlights:
Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) is pleased to announce that it has commenced its 2025 exploration program at the North Island Project. The 2025 exploration program will consist of at least 7,000 metres of drilling focused on the West Goodspeed and Northwest Expo targets, plus an extensive field program which will leverage the Company’s exploration data to identify additional targets along its 100% controlled North Island copper-gold porphyry belt.
Highlights:
Sam Lee, President & CEO stated “Since 2021, Northisle has advanced the highly prospective Northwest Corridor with three successful phases of drilling, moving from a discovery hole at Northwest Expo in Phase I, to the discovery of West Goodspeed in Phase II, to defining a high margin resource at Northwest Expo and advancing West Goodspeed drilling in Phase III. We are pleased to have commenced our Phase IV drilling program with a focus on advancing a maiden resource at West Goodspeed and finding the intrusive at Northwest Expo. Northisle is in the envious position of having highly compelling exploration potential and an economically attractive development project, all within the same project footprint.”
Dr. Pablo Mejia Herrera, Vice President Exploration of Northisle added, “In 2025, our exploration team will continue advancing our understanding of this district-scale project. Integration and modelling of more than 60 years of property-wide exploration data is underway to apply the successful Northwest Corridor targeting approach across our 35-kilometre district.”
Key Exploration Milestones
In 2025, following the completion of the Company’s successful 2025 Preliminary Economic Assessment on the North Island Project which demonstrated a 29% IRR, $2 billion NPV and 1.9 year payback for a C$1.1 billion capex1, the Company’s exploration focus will be on Phase IV Northern Corridor drilling program with the objective of increasing higher margin resources, finding the causative intrusion associated with the high-grade gold mineralization at Northwest Expo, and expanding targeting efforts across the 35-kilometre porphyry district.
Additional details on development milestones will be shared later in 2025.
Key exploration milestones include the following:
Upcoming Investor Events
During 2025, the Company will continue to be active in investor outreach. Northisle will be attending several external investor events including the following events:
Figure 1 shows a map of the overall North Island Project including existing deposits and key prospects.
West Goodspeed Drilling Program
Drilling in 2025 will begin with in-fill and step-out holes at the West Goodspeed target, aiming to confirm the distribution of copper and gold mineralization previously outlined over more than one kilometre of strike length, oriented NNW–SSE. The in-fill and step-out drilling will complement the twelve holes previously drilled in the area, from which the most significant are GS24-072, which intersected 154.8 metres grading 0.23% Cu and 0.31 g/t Au (0.53% Cu Eq.) from 13.2 metres, and GS24-103, which returned 210.0 metres grading 0.23% Cu and 0.29 g/t Au (0.50% Cu Eq.) from 46.0 metres, including a higher-grade interval of 68.0 metres at 0.37% Cu and 0.58 g/t Au (0.86% Cu Eq.) from 110.0 metres.
Figure 2 shows drill holes completed by Northisle and previous operators at the Red Dog Deposit, West Goodspeed and Goodspeed areas overlaid on magnetic anomalies and local topography.
The 2025 program at West Goodspeed will include approximately 5,600 metres of drilling, comprising at least seven infill holes aimed at confirming higher-grade intercepts in the central portion of the West Goodspeed copper-gold mineralization, and a minimum of three step-out holes to test the extension of the mineralized trend along strike.
Figure 3 shows a section through the Red Dog PEA pit shell and West Goodspeed target area.
Northwest Expo Area Exploration and Drilling Program
Ongoing soil geochemistry program and geophysical inversions are focused on refining targets potentially associated with the intrusive linked to Northwest Expo. Integration of mapping, soil geochemistry, and geophysical data is expected to refine the drill targets, with drilling anticipated before the end of the third quarter of this year.
Figure 4 shows drill holes completed by Northisle and previous operators at the Northwest Expo deposit and surrounding areas, overlaid on magnetic anomalies and local topography.
Advancing Target Definition in the Northwest Corridor
As part of a systematic data integration strategy, surface mapping, soil and silt geochemistry, and detailed geophysical inversions, are being conducted across the Northwest Corridor, encompassing West Goodspeed, Northwest Expo, Red Dog, and Goodspeed. This integrated approach is designed to leverage multiple lines of evidence that collectively outline the potential extensions of porphyry mineralization currently identified within this segment of the belt.
Leveraging 60 Years of Exploration to Define the Next Generation of Porphyry Targets
An integrated interpretation of over 60 years of exploration and geophysical data is currently underway to extend the successful targeting approach used in the Northwest Corridor to other prospective areas of the property.
For example, Figure 5 is a map of the North Island Project showing regional scale magnetic anomalies relative to Northisle’s existing deposits and advanced drill targets.
Additional Technical Details
Qualified Persons and Data Verification
Dr. Pablo Mejia Herrera, P.Geo., Vice President Exploration of Northisle, and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical disclosure contained in this news release.
About Northisle
Northisle Copper and Gold Inc. is a Vancouver-based company whose mission is to become Canada’s leading sustainable mineral resource company for the future. Northisle, through its 100% owned subsidiary North Island Mining Corp., owns the North Island Project, which is one of the most promising copper and gold porphyry projects in Canada. The North Island Project is located near Port Hardy, British Columbia on a more than 34,000-hectare block of mineral titles 100% owned by Northisle on a belt stretching 50 kilometres northwest from the now closed Island Copper Mine operated by BHP Billiton. Since 2021, the Company has discovered two significant deposits, expanded resources, demonstrated the economic potential of the project, and is now focused on accelerating the advancement of this compelling project while exploring within this highly prospective land package.
For more information on Northisle please visit the Company’s website at www.northisle.ca.
Cautionary Note Regarding Adjacent and Historical Property Disclosure
This news release contains information regarding adjacent and historical properties and deposits. Investors are cautioned that adjacent mineral deposits or systems, or past performance of historical mines, do not necessarily indicate and certainly do not prove the existence, nature or extent of mineral deposits on the North Island Project.
Cautionary Statements regarding Forward-Looking Information
Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “intend” and similar expressions. Forward-looking statements in this news release include, but are not limited to: plans and expectations regarding the 2025 exploration program; plans and expectations regarding future project development; timing of key catalysts; planned activities, including further drilling, at the North Island Project; the Company’s anticipated exploration activities; and the Company’s plans for advancement of the North Island Project. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, the Company’s ability to implement its business strategies; risks associated with mineral exploration and production; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks. Readers are cautioned that the foregoing list is not exhaustive.
Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this news release represent the expectations of management of Northisle as of the date of this news release, and, accordingly, are subject to change after such date. Northisle does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
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.
1 Please see technical report “NI43-101 Technical Report and Preliminary Economic Assessment on North Island Project” for details and disclosures.
2 Please see press release “Northisle Announces Additional Assays at West Goodspeed Confirm Near-Surface Copper-Gold Porphyry-style Mineralization Within Open Volume” dated August 19, 2024 for additional details about this drill hole.
3 As per the above.
On behalf of Northisle Copper and Gold Inc.
Nicholas Van Dyk, CFA
Chief Financial Officer
Tel: (604) 335-3590
Email: info@northisle.ca
www.northisle.ca
NorthIsle Copper and Gold (TSXV:NCX) is developing the 100-percent owned North Island copper-gold project in northern Vancouver Island, an area with a long history of resource development and mining. The brownfields project includes two defined deposits, Hushamu and Red Dog, along with a number of other potential targets.
The Hushamu deposit is a porphyry copper-gold-molybdenum system with a current NI 43-101 resource estimate. Northisle’s Red Dog deposit was acquired due to historical drilling that reported higher grade than Hushamu and it also has a current NI 43-101 resource estimate which was completed in early 2017. Both resource estimates formed the basis of a recently released Preliminary Economic Assessment (PEA). The results of the PEA were positive and are indicative of the viability of the North Isle project.
Advancing District-scale Copper and Gold Porphyry Project in British Columbia
High grade interval in GS25-23 of 35m grading 0.97% Cu Eq. within 195.5m grading 0.42% Cu Eq.
Highlights:
NorthIsle Copper and Gold Inc. (TSX-V: NCX, OTCQX: NTCPF) ("Northisle" or the "Company") is pleased to announce additional results from its 2025 exploration campaign, comprised of six additional holes from the West Goodspeed target. These results continue to demonstrate wide intervals of mineralization near surface and contribute additional high-grade intervals at depth. Additional drilling during 2025 has been completed, testing areas to the northwest of West Goodspeed, and at other targets on the property.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250908753337/en/
Figure 1: North Island Property Showing Location of Deposits and Prospects
Sam Lee, President and CEO stated, "We continue to be encouraged by the results to date from West Goodspeed. These results continue to demonstrate continuity of good grades and provided us the confidence to step out further to the northwest at West Goodspeed. We have confirmed mineralization over a corridor spanning more than 1,000m in strike length with only 50% of results received from exploration drilling in the West Goodspeed-Red Dog mineralized corridor."
Discussion of Drill Results
Recent drilling at the West Goodspeed target continues to confirm the presence of a broad copper-gold porphyry system, with mineralization extending from near surface to depths exceeding 250 metres and over a strike length of at least 1,000 metres. The latest results highlight the potential for both shallow and deeper higher-grade zones, consistent with the current geological interpretation and previous drilling completed in 2024 (see Figures 2–4).
Of particular interest, hole GS25-23 intersected a broad zone of copper-gold mineralization, returning 195.5 metres grading 0.42% Cu Eq. from 64.0 metres depth, including a higher-grade interval of 35.0 metres grading 0.97% Cu Eq. from 224.5 metres. From the same drill pad but towards the northwest, hole GS25-24B returned 121.0 metres grading 0.28% Cu Eq. from 75.0 metres, including 27.0 metres grading 0.42% Cu Eq. from 147.0 metres.
These results are consistent with earlier intercepts in hole GS24-10 (see news release "Northisle Announces Additional Assays at West Goodspeed Confirm Near-Surface Copper-Gold Porphyry-style Mineralization Within Open Volume" dated August 19, 2024) and more recent results from GS25-17 and GS25-18 (see news release "Northisle Announces Near Surface Intercepts and Higher-Grade Intercepts at Depth at West Goodspeed on its North Island Project" dated July 2, 2025), collectively defining a robust mineralized corridor in this part of the target. The continuity in both grade and thickness supports the interpretation of this zone as one of the most prospective areas at West Goodspeed.
Hole GS25-22 returned multiple mineralized intervals that demonstrate both vertical and lateral continuity in the southeastern portion of the target. Near surface, the hole intersected 30.0 metres grading 0.67% Cu Eq. from 13.0 metres, including 18.0 metres grading 0.81% Cu Eq. from 21.0 metres. A second interval deeper in the hole returned 30.0 metres grading 0.50% Cu Eq. from 53.0 metres, including 14.0 metres grading 0.72% Cu Eq. from 61.0 metres. These results further confirm the continuity of shallow mineralization initially outlined by GS24-07 (also described in August 19, 2024, press release).
Hole GS25-21 also returned multiple intervals, including 28.0 metres grading 0.24% Cu Eq. from 80.0 metres, 18.0 metres grading 0.25% Cu Eq. from 144.0 metres, and a deeper interval of 51.0 metres grading 0.36% Cu Eq. from 237.0 metres. These results extend the mineralized system down-dip in this area, building on results from the initial discovery holes GS23-04 and GS23-05 reported in late 2023 (see news release "Northisle Makes New Discovery of Near Surface Copper-Gold Porphyry with multiple intercepts at West Goodspeed" dated December 6, 2023). In a similar manner, hole GS25-26 confirms the shallow mineralization zone outlined by GS23-04 and GS23-05, intersecting 104.0 metres grading 0.37% Cu Eq. from 61.0 metres, including a higher-grade interval of 20.0 metres grading 0.51% Cu Eq. from 91.0 metres. Jointly, GS25-21 and GS25-26, together with GS23-04 and GS23-05, define a mineralized area extending over 350 metres down-dip, which remains open in both down-dip and up-dip directions (see Figures 2–4).
Hole GS25-24B intersected 121.0 metres grading 0.28% Cu Eq., including 27.0 metres at 0.42% Cu Eq., confirming the extension down-dip of the upper part of the mineralization relative to GS25-23. Meanwhile, GS25-25 extends the deeper high-grade mineralization reported in GS25-18 (also highlighted in the company's news release dated July 2, 2025) by approximately 100 metres to the southeast, returning 18.0 metres grading 0.89% Cu Eq. from 309.0 metres, within a broader interval of 75.0 metres grading 0.43% Cu Eq. from 276.0 metres. Collectively, holes GS25-18, GS25-23 and GS25-25 outline a higher-grade mineralized zone adjacent to the lower bounding fault, extending for approximately 220 metres in strike length and remaining open to the northwest (see Figures 2 and 4).
Together, these latest holes confirm the presence of a coherent mineralized system with both bulk-tonnage potential and discrete higher-grade domains. Ongoing interpretation will continue to refine the geometry and continuity of these higher-grade zones, with particular emphasis on the northwest portion of the target area.
To date, mineralization has been outlined over a strike length of more than 1km and extending about 250 metres down-dip from near surface. A total of 12 holes have been completed in the West Goodspeed area during 2025, with assays received for ten of them. An additional eight holes have been drilled along the projected mineralized trend toward the Red Dog area, northeast of the open-pit design, with assays pending.
Selected intervals from holes GS25-21 through GS25-26 are summarized in Table 1 below. Note that GS25-24A is not reported as it was terminated early due to unfavourable near-surface ground conditions. GS25-24B was collared from the same pad and progressed to the target depth.
Table 1: West Goodspeed 2025 Significant Intercepts | |||||||||
Hole ID | From | To | Interval | Cu Grade | Au Grade | Mo Grade | Re Grade | Cu Eq. | Au Eq. |
GS25-21 | 80.0 | 108.0 | 28.0 | 0.14 | 0.09 | 54.77 | 0.44 | 0.24 | 0.33 |
And | 144.0 | 162.0 | 18.0 | 0.14 | 0.07 | 84.63 | 0.57 | 0.25 | 0.33 |
And | 237.0 | 288.0 | 51.0 | 0.23 | 0.08 | 106.40 | 0.56 | 0.36 | 0.48 |
GS25-22 | 13.0 | 43.0 | 30.0 | 0.28 | 0.41 | 146.80 | 0.73 | 0.67 | 0.90 |
Including | 21.0 | 39.0 | 18.0 | 0.36 | 0.48 | 131.38 | 0.76 | 0.81 | 1.08 |
And | 53.0 | 83.0 | 30.0 | 0.21 | 0.34 | 62.09 | 0.41 | 0.50 | 0.67 |
Including | 61.0 | 75.0 | 14.0 | 0.28 | 0.53 | 80.14 | 0.49 | 0.72 | 0.97 |
GS25-23 | 64.0 | 259.5 | 195.5 | 0.26 | 0.19 | 31.80 | 0.16 | 0.42 | 0.56 |
Including | 224.5 | 259.5 | 35.0 | 0.66 | 0.37 | 57.66 | 0.25 | 0.97 | 1.30 |
GS25-24B | 75.0 | 196.0 | 121.0 | 0.17 | 0.13 | 22.61 | 0.08 | 0.28 | 0.38 |
Including | 147.0 | 174.0 | 27.0 | 0.22 | 0.26 | 18.52 | 0.05 | 0.42 | 0.57 |
GS25-25 | 162.0 | 174.0 | 12.0 | 0.15 | 0.21 | 24.65 | 0.11 | 0.33 | 0.44 |
And | 189.0 | 222.0 | 33.0 | 0.15 | 0.11 | 48.10 | 0.33 | 0.27 | 0.36 |
And | 252.0 | 261.0 | 9.0 | 0.12 | 0.16 | 16.35 | 0.09 | 0.25 | 0.34 |
And | 276.0 | 351.0 | 75.0 | 0.27 | 0.13 | 104.24 | 0.35 | 0.43 | 0.57 |
Including | 309.0 | 327.0 | 18.0 | 0.58 | 0.29 | 164.70 | 0.42 | 0.89 | 1.19 |
GS25-26 | 61.0 | 165.0 | 104.0 | 0.15 | 0.23 | 68.43 | 0.56 | 0.37 | 0.49 |
Including | 91.0 | 111.0 | 20.0 | 0.18 | 0.37 | 83.16 | 0.65 | 0.51 | 0.69 |
Also including | 117.0 | 131.0 | 14.0 | 0.19 | 0.30 | 68.34 | 0.64 | 0.46 | 0.61 |
Note on equivalent calculation for West Goodspeed:
Copper equivalent grade is determined by calculating total contained metal value per tonne, adjusted for recoveries, if known, dividing by the copper price, and then dividing the resultant number of pounds of copper by 2204.6. Gold equivalent grade is determined by calculating total contained metal value/tonne, adjusted for recoveries, if known, dividing by the gold price, and then multiplying the resultant number of troy ounces of gold by 31.103. Metal equivalent calculations are reported for illustrative purposes only and assumes 80% recoveries for the metals presented, based on comparable porphyry deposits, as metallurgical testing has not yet been completed on material from the West Goodspeed target.
Copper and gold equivalent calculations based on the following metal prices which were used in the Company's 2025 Preliminary Economic Assessment for North Island: Cu = US$4.20/lb, Au = US$2,150/oz, Mo = US$21/lb, Re = US$1,950/kg. Intervals were selected based on continuous intercepts with a copper grade above 0.1% Cu or a gold grade above 0.1g/t Au. Totals may not add due to rounding.
Intervals are drill intersections and not necessarily true widths. True widths cannot be provided at this time due to the uncertainty in the geometry of the mineralization. Drill intersections have been selected and composites calculated independently by Northisle. The locations and distances highlighted on all maps in this news release are approximate.
Collar locations for the drill holes are detailed in Table 2. There are no material drilling, sampling, recovery, or other factors known that could materially affect the accuracy or reliability of the assay data.
Table 2: West Goodspeed 2025 Drill Hole Collar Locations | ||||||
Hole ID | Length | UTM | UTM | UTM | Azimuth | Dip |
GS25-21 | 387 | 573703 | 5617497 | 349.0 | 80.2 | -84.6 |
GS25-22 | 225 | 573673 | 5617302 | 336.5 | 149.8 | -44.9 |
GS25-23 | 357 | 573488 | 5617624 | 324.0 | 280.2 | -64.4 |
GS25-24B | 378 | 573488 | 5617624 | 324.0 | 324.7 | -64.7 |
GS25-25 | 393 | 573619 | 5617731 | 323.4 | 195.0 | -49.5 |
GS25-26 | 183 | 573582 | 5617438 | 326.0 | 221.9 | -62.9 |
Coordinates are reported in UTM Zone 9 North (WGS 84 datum, EPSG:32609), with units in metres |
Figure 1 shows a map of the overall North Island Project including existing deposits, key prospects and the focus area of this release.
Figure 2 shows the location of the drill holes announced in this press release in context with other drilling in the West Goodspeed area, while Figure 3 and Figure 4 show the drilling on a cross-section section highlighting results from GS25-21, GS25-23, GS25-24B, GS25-25, GS25-26 and surrounding holes.
Exploration at North Island Continues to Accelerate
The drill results described above are part of the Company's broader 2025 exploration program which builds on the successful 2025 Preliminary Economic Assessment on the North Island Project which demonstrated an after-tax 29% IRR, $2 billion NPV and 1.9-year payback for a C$1.1 billion capex 1 . The 2025 program includes:
As of September 3, 2025, Northisle has completed a total of 10,046 metres of drilling: 6,903 metres in the West Goodspeed and Red Dog area, 2,132 metres across the Cougar, Goodspeed, and Northwest Expo targets, and 1,012 metres within the Red Dog open-pit design sector.
After a short pause, in early August the Company commenced the fifth phase of drilling on the North Island Project. This program is anticipated to include continued step-out drilling at West Goodspeed, testing of additional targets on the property identified through the regional grassroots program, and extensive infill drilling at Northwest Expo, Red Dog, Hushamu and West Goodspeed with the goal of improving resource definition throughout the property.
Key 2025 milestones include the following:
Upcoming Investor Events
Northisle will be attending several external investor events including the following events:
Additional Technical Details
Logging, Sampling and Assaying Procedures and QA/QC
The diamond drill core logging and sampling program was carried out under a rigorous quality assurance / quality control (QA/QC) program. Drill intersections in this release are typically HQ to 150 metres and NQ thereafter to the end of holes. After drilling, core was logged for geology, structure, and geotechnical characteristics utilizing MX Deposit —core logging software, then marked for sampling and photographed on site. The cores for analyses were marked for sampling based on geological intervals with individual samples of 3-metre length or less. Drill core was cut lengthwise in half with a core saw. Half-core was sent for assays reported in this news release.
A total of +7% assay standards or blanks and +3% core duplicates are included in the sample stream as a quality control measure and are reviewed after analyses are received. Standards and Blanks were obtained from CDN Resource Laboratories, Langley, British Columbia. Blanks were obtained from unmineralized course bagged limestone landscaping rock. Standards and blanks in 2025 drill results to date have been approved as acceptable. Duplicate data add to the long-term estimates of precision for assay data on the project and precision for drill results reported is deemed to be within acceptable levels.
Samples were sent to the MSALABS in Langley, British Columbia, where the samples were dried, then crushed, split and a 250-gram (g) split was pulverized to 85% passing -200 mesh (-75 micrometres (µm)) size pulps. Clean crush material was passed through the crusher, and clean silica was pulverized between each sample. The pulps were analyzed for gold by fire assay fusion of 50 g of the 250 g split. Total gold content was determined by digesting the silver doré bead from the fusion and then analysing by AA (MSA Code FAS-121). All samples were also analyzed for multiple elements by taking a 0.25 g of the 250 g split which was heated in HNO3, HClO4 and HF to fuming and taken to dryness. The residue was dissolved in HCl and then analyzed utilizing ICP-MS (MSA Code IMS-230). Any sulphur analysis from this latter analysis with a value greater than 10% was reanalyzed utilizing a Leco sulfur analyzer. Iron and Tungsten accelerators are added to the sample and a stream of oxygen is passed over the sample in the induction furnace. As the sample is heated, sulfur dioxide released from the sample is measured by an IR detection system and the Total Sulphur content is determined. (MSA Code SPM-210). MSALABS (Langley) is an independent, international ISO/IEC 17025:2005 accredited laboratory.
Pulps and rejects of holes with significant assay intervals are stored at Western Mineral Storage. The remaining split core is indexed and stored at the Company's logging and office facility in Port Hardy, BC.
Drill Results in this news release are length weighted averages.
Qualified Persons and Data Verification
Dr. Pablo Mejia Herrera, P.Geo., Vice President Exploration of Northisle and a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects , has reviewed and approved the scientific and technical information contained in this news release. Dr. Mejia Herrera has verified the underlying data, including through multiple visits to drill sites, oversight of sample preparation protocols, and review of the QA/QC procedures applied to analytical results received from MSALABS.
About Northisle
NorthIsle Copper and Gold Inc. is a Vancouver-based company whose mission is to become Canada's leading sustainable mineral resource company for the future. Northisle, through its 100% owned subsidiary North Island Mining Corp., owns the North Island Project, which is one of the most promising copper and gold porphyry projects in Canada. The North Island Project is located near Port Hardy, British Columbia on a more than 34,000-hectare block of mineral titles 100% owned by Northisle on a belt stretching 50 kilometres northwest from the now closed Island Copper Mine operated by BHP Billiton. Since 2021, the Company has discovered two significant deposits, expanded resources, demonstrated the economic potential of the project, and is now focused on accelerating the advancement of this compelling project while exploring within this highly prospective land package.
For more information on Northisle please visit the Company's website at www.northisle.ca .
Cautionary Note Regarding Adjacent and Historical Property Disclosure
This news release contains information regarding adjacent and historical properties and deposits. Investors are cautioned that adjacent mineral deposits or systems, or past performance of historical mines, do not necessarily indicate and certainly do not prove the existence, nature or extent of mineral deposits on the North Island Project.
Cautionary Statements regarding Forward-Looking Information
Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "intend" and similar expressions. Forward-looking statements in this news release include, but are not limited to: plans and expectations regarding the 2025 exploration and development program, including the occurrence and expected timing of key milestones; plans and expectations regarding future project development; timing of key catalysts; planned activities, including further drilling, at the North Island Project; the Company's anticipated exploration activities; and the Company's plans for advancement of the North Island Project. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, the Company's ability to implement its business strategies; risks associated with mineral exploration and production; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks. Readers are cautioned that the foregoing list is not exhaustive.
Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this news release represent the expectations of management of Northisle as of the date of this news release, and, accordingly, are subject to change after such date. Northisle does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
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.
1 Please see technical report titled " NI43-101 Technical Report and Preliminary Economic Assessment on North Island Project " (Effective Date: February 12, 2025) ("2025 PEA") for more information. Readers are cautioned that the PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250908753337/en/
On behalf of NorthIsle Copper and Gold Inc.
Nicholas Van Dyk, CFA
Chief Financial Officer
Tel: (604) 335-3590
Email: info@northisle.ca
www.northisle.ca
News Provided by Business Wire via QuoteMedia
NorthIsle Copper and Gold Inc. (TSX-V: NCX) ("Northisle" or the "Company") is pleased to announce the appointment of Kevin O'Kane as Executive Vice President and Chief Operating Officer, in addition to continuing as a non-independent Director of the Company. In addition, Nicholas Van Dyk has been appointed Executive Vice President of the Company and will continue as Chief Financial Officer and Corporate Secretary. Robin Tolbert, Chief Geoscientist, will be retiring effective September 13, 2025 and will continue as an advisor to the Company.
Sam Lee, President & CEO of Northisle commented: "I am very pleased to be announcing Kevin O'Kane's appointment as our Chief Operating Officer. His decades of operating leadership will bring the operational rigour and integrated mindset that will ensure we execute on our growth plans successfully. Kevin will continue to provide leadership of our Technical and Sustainability Committee at the Board level and we are excited to have him take a direct role in ensuring we hit our milestones. In addition, I am pleased to recognize the significant contribution that our CFO, Nicholas Van Dyk, has made to the success of the company. He will work closely with Kevin to lead our next phase of growth. I also want to express my gratitude to Robin for his strong leadership of our exploration over the last four years and wish him the best in his well-earned retirement."
Kevin O'Kane has more than 40 years of business and operating leadership in the mining industry, including 37 years at BHP Billiton developing, expanding, and operating some of the most significant copper mines in the world, including Spence, Cerro Colorado, and Minera Escondida. From 2018 to 2020, Kevin served as the Executive Vice President and Chief Operating Officer of SSR Mining Inc. prior to its combination with Alacer Gold. Kevin has extensive experience in operations, permitting, and sustainability, and led SSR Mining to record production at all three of its producing mines. During his tenure at BHP he held the position of Vice President Health, Safety, Environment and Community for the Copper business. Kevin started his career at the Island Copper Mine, located adjacent to Northisle's North Island Project, where he progressed to the role of Chief Mining Engineer. Kevin has been serving on several company Boards since 2020, in addition to Northisle, including Iamgold Corporation, Autlan and Intellisense.io. He intends to rationalize and reduce this work as required, to focus on Northisle.
Kevin O'Kane commented: "I am very excited to take on this expanded role with Northisle and lead the advancement of the North Island Project through the next phase of its growth. I started my career at the Island Copper Mine, adjacent to our project, and have maintained my connection to northern Vancouver Island. I look forward to working closely with the North Island First Nations, communities and governments to build a project we can all be proud of."
Kevin will remain on the Company's Board until such time as the Company identifies a replacement, but has stepped down from the Company's Corporate Governance, Compensation and Nominating Committee (the "CGCN Committee") as he no longer qualifies as an independent Director. Alex Davidson has been appointed to the CGCN Committee in his place.
About Northisle
NorthIsle Copper and Gold Inc. is a Vancouver-based company whose mission is to become a leading and sustainable mineral resource company for the future. Northisle owns the North Island Project, which is one of the most promising copper and gold porphyry deposits in Canada. The North Island Project is located near Port Hardy, British Columbia on a more than 34,000-hectare block of mineral titles 100% owned by Northisle stretching 50 kilometres northwest from the now closed Island Copper Mine operated by BHP Billiton. Northisle recently completed an updated preliminary economic assessment for the North Island Project and is now fully funded through completion of a pre-feasibility study while continuing exploration within this highly prospective land package. For more information on Northisle please visit the Company's website at www.northisle.ca .
Cautionary Statements regarding Forward-Looking Information
Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "intend" and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements relating to development of the North Island Project, partnership with First Nations and other communities, future plans, objectives or expectations of Northisle. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, Northisle's ability to implement its business strategies; risks associated with mineral exploration and production; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks. Readers are cautioned that the foregoing list is not exhaustive.
Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this news release represent the expectations of management of Northisle as of the date of this news release, and, accordingly, are subject to change after such date. Northisle does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250905847873/en/
On behalf of NorthIsle Copper and Gold Inc.
Nicholas Van Dyk, CFA
Chief Financial Officer
Tel: (604) 638-2515
Email: info@northisle.ca
www.northisle.ca
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NorthIsle Copper and Gold Inc. (TSX-V: NCX) (" Northisle " or the " Company ") announced that NorthIsle's Board of Directors has approved the issuance of 412,000 stock options (the "Options") to certain directors and employees of Northisle, pursuant to the Company's incentive stock option plan (the "Stock Option Plan"). The Options provide for the purchase of an aggregate of 412,000 common shares of the Company (the "Common Shares") at an exercise price of $1.26 per share, which is the closing price for the Common Shares on the TSX Venture Exchange as of August 29, 2025. All of the Options have a 5 year term and vest one third per year beginning on the issuance date.
In addition, the Board of Directors has approved the issuance of 52,000 deferred share units (the "DSUs") to Eligible Directors, pursuant to the Company's Share Unit Plan (the "Share Unit Plan"). The DSUs will vest on September 1, 2026.
Further terms of the Options and DSUs can be found in the Stock Option Plan and Share Unit Plan as filed on SEDAR+.
About Northisle
NorthIsle Copper and Gold Inc. is a Vancouver-based company whose mission is to become a leading and sustainable mineral resource company for the future. Northisle owns the North Island Project, which is one of the most promising copper and gold porphyry deposits in Canada. The North Island Project is located near Port Hardy, British Columbia on a more than 34,000-hectare block of mineral titles 100% owned by Northisle stretching 50 kilometres northwest from the now closed Island Copper Mine operated by BHP Billiton. Northisle recently completed an updated preliminary economic assessment for the North Island Project and is now fully funded through completion of a pre-feasibility study while continuing exploration within this highly prospective land package. For more information on Northisle please visit the Company's website at www.northisle.ca .
Cautionary Statements regarding Forward-Looking Information
Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "intend" and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements relating to future plans, objectives or expectations of Northisle. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, Northisle's ability to implement its business strategies; risks associated with mineral exploration and production; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks. Readers are cautioned that the foregoing list is not exhaustive.
Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this news release represent the expectations of management of Northisle as of the date of this news release, and, accordingly, are subject to change after such date. Northisle does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250902008562/en/
On behalf of NorthIsle Copper and Gold Inc.
Nicholas Van Dyk, CFA
Chief Financial Officer
Tel: (604) 638-2515
Email: info@northisle.ca
www.northisle.ca
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(TheNewswire)
VANCOUVER September 12, 2025 TheNewswire - Providence Gold Mines Inc. ("Providence" or the "Company") is pleased to announce a non brokered Unit Private Placement Financing of up to $250,000 through the issuance of 5,000,000 units oof the Company (each a "Unit") the ("Private Placement"). Each Unit will consist of one Common Share and one full Warrant exercisable for a period of two years. The Unit is priced at $0.05 for one Common Share in the Capital of the Company (a "Common Share") and one nontransferable full Warrant. Each nontransferable Warrant will entitle the holder to purchase one additional Common Share at a price of $0.05 for a period of 24 months from the date of closing of the Private Placement will be subject to the approval of the TSXV.
All securities issued with respect to the Private Placement will be subject to a four month plus one day hold period from the date of issuance in accordance with applicable securities laws. Closing of the Private Placement is subject to all necessary regulatory approvals. The Company intends to issue the Units pursuant to the prospectus exemptions set out in National Instrument 45-106- Prospectus Exemptions including the accredited investor exemption and family, friends, and business associates' exemption.
The Company intends to use funds from the net proceeds for Regulatory Fees, sampling and evaluation of the existing potential underground mineralization at the La Dama De Oro , historical "Ace in the Hole stope" , located near surface, geochemical surface survey and administration
As reported previously, an NI 43 101 has been submitted to the TMX V Exchange for review and approval., The Regulators initial review determined that the submission would be treated as a Fundamental Transaction requiring additional information and the Company is responding accordingly.
Property Summary:
Permits for a Bulk Sample, Water, Road Access, Environmental, Plan of Operation, Mill Site have been approved. To date, there has not been any known drilling or modern-day Scientific exploration or identified NI 43 101 resources.
The La Dama de Oro Property is in the Silver Mountain Mining District, within the structurally complex Eastern California Shear Zone and the intersection with the San Andreas Fault Zone. Bedrock geology includes Mesozoic quartz monzonite that intrudes the Jurassic Sidewinder Volcanics. The structural history of the region implies a sequence of compressional and extensional events that reactivated favorably oriented zones of weakness for the circulation of hydrothermal fluids. The main zone of mineralization is hosted by the La Dama de Oro Fault, a shallow northeast-dipping oblique-slip fault.
The mineralization at the property is classified as a structurally controlled, low-sulfidation epithermal gold-silver vein system. Gold and silver mineralization is associated with multi-phase quartz veining, brecciation, and pervasive hydrothermal alteration along the La Dama de Oro Fault. The largest known vein is 4.5 feet at its widest point and remains open to exploration for over 6,000 feet. The gold system has robust potential not just within the La Dama de Oro vein, but as well for additional undiscovered veins along the fault system.
Ronald A. Coombes, President & CEO commented; "having all permits in place gives certainty to realize potential future opportunity for production at the La Dama de Oro mine " .
The scientific and technical information contained in this news release has been reviewed and approved by Zachary Black, SME-RM, a Qualified Person as defined under NI 43-101. Mr. Black is a consultant and is independent of Providence Gold Mines Inc.
For more information, please contact Ronald Coombes, President, and CEO directly at
6047242369.
Ronald A. Coombes, President & CE
Phone: 604 724 2369
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Neither the OTCQB and or 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 release.
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company's working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company's properties, are forward-looking statements. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statement
Copyright (c) 2025 TheNewswire - All rights reserved.
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Vancouver, British Columbia September 11, 2025 Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO,OTC:RYOOD) (OTC: RYOOF) announces private placement of units. Rio Silver Inc. has arranged a non-brokered private placement financing of up to 13 million units at $0.10 per unit for gross proceeds of up to $1.3-million.
Each unit consists of one common share and one transferable warrant. Each whole warrant is exercisable into one common share at 15 cents per share for three years from closing. If, following the final closing date of the private placement, the company's common shares close at or above 25 cents on the TSX Venture Exchange (or such other exchange on which the shares may trade) for 15 consecutive trading days, the company may accelerate the warrant expiry date by issuing a news release. The warrants would then expire 30 days from the date of that notice.
The private placements may be closed in one or more tranches subject to conditional approval from the TSX-V.
Subject to compliance with applicable laws and TSX-V approval, the company may pay a finder's fee or commission of up to 8 per cent and issue 8% brokers warrants to persons who assist in the introduction of investors to the company, which without limiting the foregoing may include cash, common shares and warrants, or a combination thereof.
The gross proceeds from the issue and sale of the units, excluding warrant proceeds, will be used for exploration and development of the company's projects in Peru and for general working capital purposes.
About Rio Silver
Rio Silver is a resource development company that has been selectively identifying and acquiring precious metal assets that are anticipated to produce near term cashflow to best assist the Company's exploration / development plans, in a non-dilutive, shareholder-friendly way. We remain ever impressed and optimistic by the resilience and ingenuity of our host country as Peru continues to endorse supportive mining policies and continued growth, as evident by the continuing investment being witnessed throughout Peru.
ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.
Chris Verrico
Director, President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
For further information,
Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. 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 or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.
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Brings Company's Total Claims to 491 in Area Housing the Only Rare Earths Producing Mine in U.S.
Move Expands Locksley's Exploration Pipeline Across Antimony, Rare Earths Elements and Polymetallic Prospects
Locksley Resources Limited (ASX: LKY,OTC:LKYRF; OTCQB: LKYRF), announced it has significantly expanded its strategic footprint within the Mojave Critical Minerals Corridor in California through the staking of an additional 249 claims. This brings the company's total landholding to 491 claims.
The new claims are adjacent to Locksley's existing tenement position and adjoin MP Materials landholding, which includes the Mountain Pass Rare Earth Mine. The new claims also secure additional acreage for Locksley in that they abut the recently identified antimony, rare earths elements (REEs) and polymetallic mineralization reported by the company.
"These additional claims significantly strengthen Locksley's competitive positioning within one of the most prospective critical minerals regions in the U.S.," said Nathan Lude , Head of Strategy, Capital Markets and Commercialization for the company. "With demand for antimony and REEs underpinned by U.S. supply chain security initiatives, the expanded landholding provides Locksley with a broader platform to advance multiple exploration and development opportunities," he noted.
The south-east claims encompass the favorable gneissic geology, which hosts the Mountain Pass mine and carbonatites. "Significantly there are substantial regional north to north-west striking structures evident in the magnetic geophysics datasets," said Julian Woodcock , Locksley's technical director. "These transgress across the areas staked, which conceptually have the potential to host pathways for REE bearing carbonatites and be related to other styles of mineralization," he said.
Woodcock added that the Northern claims are 3km directly along strike from Dateline Resources Colosseum Gold Project. "In addition, the USGS geochemical database indicates polymetallic and precious metals occurrences in the area immediately adjoining the new northern claims. As such there are multiple commodity opportunities evident within this claim area."
Lude added, "Importantly, several of the new claims directly adjoin the Mountain Pass larger claim package, underlining the strategic significance of Locksley's footprint within the corridor. This positioning enhances potential for both exploration discovery and long-term commercialization pathways, including downstream processing partnerships in line with U.S. government priorities for supply chain resilience."
More information on this can be found at https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02992119-6A1283295&v=c2533a54e2514fb77a8f93f84db686e1125273e9 .
Locksley Resources is an Australian-based explorer focused on critical minerals and base metals, with assets in both the U.S. and Australia . The company is actively advancing its U.S. asset, the Mojave Project, in California , targeting rare earth elements (REEs) and antimony. The company has also announced a strategic collaboration with Rice University to develop DeepSolv™, for domestic processing of North American antimony. The agreement is the first step in the initiation of Locksley's U.S. Critical Minerals and Energy Resilience Strategy to accelerate "mine-to-market" deployment of antimony in the U.S.
Contact: Beverly Jedynak , Beverly.jedynak@viriathus.com , 312-943-1123; 773-350-5793 (cell)
SOURCE Locksley Resources
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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
Kobo Resources Inc. (" Kobo " or the " Company ") ( TSX.V: KRI ) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement of units (the " Units ") for gross proceeds of $2,516,479.80 (the " Offering "). Under the first tranche of the Offering, 8,388,266 Units were issued at a price of $0.30 per Unit.
Edward Gosselin, CEO and Director of Kobo, commented: "We are very pleased with the closing of the first tranche of our upsized financing following the market's interest in recognizing the potential in developing our 100%-owned Kossou Gold Project. These funds allow us to push forward at a steady pace the ongoing drilling program initiated last week. And, we are glad that Luso Global Mining , one of our key shareholders, is a participant in the financing and has elected to maintain its 9.9% interest. We are excited to build on our strategic partnership with Luso Global Mining as we expand our presence in Cote D'Ivoire through the Kossou Gold Project and explore future opportunities. "
3L Capital and Integrity Capital Group acted as financial advisors in connection with the Offering.
Each Unit consists of one common share of the Company (a " Common Share ") and one-half of one common share purchase warrant (each whole common share purchase warrant, a " Warrant "). Each Warrant entitles its holder to acquire one Common Share at a price of $0.55 per share until September 10, 2027.
The Company intends to use the net proceeds of the Offering to pursue its exploration initiatives initiated in H1-2025 and extend the known zones of mineralisation at its three main targets—the Road Cut Zone, Jagger Zone and Kadie Zone—on the Kossou Gold Project, initiate preliminary metallurgical work and further develop its ongoing soil geochemical and trenching survey at Kossou as well as to enhance the geological exploration program on the Kotobi research permit and for general corporate and working capital purposes.
The Units were issued pursuant to the "accredited investor" exemption from the prospectus requirements in accordance with National Instrument 45-106 – Prospectus Exemptions . The securities issued under the first tranche of the Offering are subject to a statutory hold period until January 11, 2026 in accordance with applicable Canadian securities laws.
The Company compensated certain finders by paying cash commissions equal to an aggregate amount of $145,176 and by issuing 483,920 broker warrants (the " Broker Warrants "). Each Broker Warrant is exercisable until September 10, 2027, at an exercise price $0.30 per share.
The Units and underlying Common Shares and Warrants have not been registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act "), or any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the "United States" or "U.S. persons" (as such terms are defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or compliance with an exemption from such registration requirements. This press release is not an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction.
About Kobo Resources Inc.
Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d'Ivoire, one of West Africa's most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company's 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region's largest gold mines with established processing facilities.
With over 18,500 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling, and 5,900 metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou's Gold Project . Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development.
Beyond Kossou , the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d'Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience.
Kobo's common shares trade on the TSX Venture Exchange under the symbol "KRI". For more information, please visit www.koboresources.com .
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement on Forward-looking Information:
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements, including statements regarding the completion of the second tranche of the Offering, on the terms described herein or at all; statements related to the Offering or to the exploration program of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive requisite approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, the Company assumes no obligation to update the forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250911576112/en/
Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com
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(TheNewswire)
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Vancouver, British Columbia / September 11, 2025 ‑ TheNewswire - Harvest Gold Corporation (TSXV: HVG,OTC:HVGDF) (" Harvest Gold " or the " Company ") announces that, subject to the approval of the TSX Venture Exchange (the " Exchange "), it has arranged a non-brokered private placement of up to 6,666,667 units of the Company (" Units ") at a price of $0.075 per Unit for aggregate gross proceeds of up to $500,000 (the " Private Placement ').
Harvest Gold President and CEO, Rick Mark, states: "One of our investors in the recently completed Private Placement has asked if we would accept a larger investment with the same terms. The board of directors of the Company has approved the request as it will allow us to do prospecting, mapping and geo chemistry on areas in the southern part of Mosseau and on LaBelle with the goal of providing new drill targets this year. It also provides us flexibility should we wish to add meters to the current drill program at Mosseau."
Each Unit will consist of one common share in the capital of the Company (each, a " Share ") and one transferable common share purchase warrant (each, a " Warrant "). Each Warrant will entitle the holder thereof to acquire one additional Share (each, a " Warrant Share ") at a price of $0.12 per Warrant Share for a period of two years following the closing date of the Private Placement.
The Company anticipates using the proceeds from the Private Placement for exploration expenses on its properties in the Urban Barry area of Quebec, Canada, and general working capital.
All securities issued will be subject to a four-month hold period pursuant to securities laws in Canada and, where applicable. Finders' fees may be payable to qualified parties.
About Harvest Gold Corporation
Harvest Gold has three active gold projects focused in the Urban Barry area, totalling 329 claims covering 17,539.25 ha , located approximately 45-70 km east of the Gold Fields Windfall Deposit.
Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay and Abitibi territories. Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.
ON BEHALF OF THE BOARD OF DIRECTORS
Rick Mark
President and CEO
Harvest Gold Corporation
For more information please contact:
Rick Mark or Jan Urata
@ 604.737.2303 or info@harvestgoldcorp.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold 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.
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, exploitation and exploration successes, and 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 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.
The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable securities laws of any state of the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act) or persons in the United States unless registered under the U.S. Securities Act and any other applicable securities laws of the United States or an exemption from such registration requirements is available.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities within any jurisdiction, including the United States. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
NOT FOR DISTRIBUTION OR DISSEMINATION TO THE UNITED STATES
Copyright (c) 2025 TheNewswire - All rights reserved.
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