NOVA ROYALTY ANNOUNCES VOTING RESULTS FOR ANNUAL GENERAL MEETING AND PROVIDES LETTER TO SHAREHOLDERS

NOVA ROYALTY ANNOUNCES VOTING RESULTS FOR ANNUAL GENERAL MEETING AND PROVIDES LETTER TO SHAREHOLDERS

 
 

  TSXV: NOVR 
  OTCQB: NOVRF  

 
 

  Nova Royalty Corp. logo (CNW Group/Nova Royalty Corp.) 

 
 

Nova Royalty Corp. (" Nova " or the " Company ") (TSXV: NOVR) (OTCQB: NOVRF) is pleased to announce the voting results for its annual general meeting of shareholders held on June 21, 2022 (the " Meeting "). Brett Heath Alex Tsukernik E.B. Tucker, Johanna Fipke Andrew Greville and Luke Leslie were re-elected to serve as directors of the Company. A total of 41,317,681 common shares were represented at the Meeting, representing 48.51% of the Company's issued and outstanding common shares.

 

Shareholders approved all matters brought before the Meeting as follows:

 
 
                                                                                  
 

   MOTIONS   

 
 

   NUMBER OF SHARES   

 
 

   PERCENTAGE OF VOTES CAST   

 

 

   FOR   

 
 

   AGAINST   

 
 

   WITHHELD/
ABSTAIN
 
 

 
 

   SPOILED   

 
 

   FOR   

 
 

   AGAINST   

 
 

   WITHHELD/
ABSTAIN
 
 

 
 

  Number of Directors  

 
 

  26,215,051  

 
 

  202,861  

 
 

  0  

 
 

  0  

 
 

  99.23 %  

 
 

  0.77 %  

 
 

  0.00 %  

 
 

  Brett Heath  

 
 

  26,328,042  

 
 

  0  

 
 

  89,870  

 
 

  0  

 
 

  99.66 %  

 
 

  0.00 %  

 
 

  0.34 %  

 
 

  Alex Tsukernik  

 
 

  26,350,978  

 
 

  0  

 
 

  66,934  

 
 

  0  

 
 

  99.75 %  

 
 

  0.00 %  

 
 

  0.25 %  

 
 

  E.B. Tucker  

 
 

  26,343,718  

 
 

  0  

 
 

  74,194  

 
 

  0  

 
 

  99.72 %  

 
 

  0.00 %  

 
 

  0.28 %  

 
 

  Johanna Fipke  

 
 

  26,328,626  

 
 

  0  

 
 

  89,286  

 
 

  0  

 
 

  99.66 %  

 
 

  0.00 %  

 
 

  0.34 %  

 
 

  Andrew Greville  

 
 

  26,328,627  

 
 

  0  

 
 

  89,285  

 
 

  0  

 
 

  99.66 %  

 
 

  0.00 %  

 
 

  0.34 %  

 
 

  Luke Leslie  

 
 

  26,317,561  

 
 

  0  

 
 

  100,351  

 
 

  0  

 
 

  99.62 %  

 
 

  0.00 %  

 
 

  0.38 %  

 
 

  Appointment of
Auditors
 

 
 

  41,167,571  

 
 

  0  

 
 

  150,110  

 
 

  0  

 
 

  99.64 %  

 
 

  0.00 %  

 
 

  0.36 %  

 
 

  Approval of Share
Compensation Plan
 

 
 

  24,840,211  

 
 

  1,577,701  

 
 

  0  

 
 

  0  

 
 

  94.03 %  

 
 

  5.97 %  

 
 

  0.00 %  

 
 
 

  LETTER TO SHAREHOLDERS  

 

Nova is also pleased to provide a Company update via a letter to shareholders written by President and CEO, Alex Tsukernik . The letter can be accessed on the Nova Royalty website, by clicking here .

 

  ABOUT NOVA  

 

 Nova Royalty is a company focused on providing investors with royalty exposure to the key building blocks of clean energy – copper and nickel. The Company is headquartered in Vancouver, British Columbia and is listed on the TSX Venture Exchange under the trading symbol "NOVR" and on the US OTCQB under the trading symbol "NOVRF".

 

   ON BEHALF OF Nova Royalty CORP.,   

 

(signed) "Alex Tsukernik"
President and Chief Executive Officer

 

Website:   www.novaroyalty.com   

 

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

 

    Cautionary Note Regarding Forward-Looking Statements    

 

  This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Nova to control or predict, that may cause Nova'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, including, but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated April 29, 2022 and other filings available for review on the Company's profile at     www.sedar.com     . Such forward-looking information represents management's best judgment based on information currently available. 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. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.  

 
 
 

SOURCE Nova Royalty Corp.

 

 

 

 Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/June2022/22/c4851.html  

 
 

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NOVA TO INCREASE ROYALTY INTEREST ON HUDBAY'S COPPER WORLD COMPLEX

NOVA TO INCREASE ROYALTY INTEREST ON HUDBAY'S COPPER WORLD COMPLEX

 
 

  TSXV: NOVR  
OTCQB: NOVRF  

 

  (All dollar amounts are in United States Dollars unless otherwise indicated)  

 

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NOVA ROYALTY ANNOUNCES APPOINTMENT OF HASHIM AHMED AS CFO

NOVA ROYALTY ANNOUNCES APPOINTMENT OF HASHIM AHMED AS CFO

 
 
 

  Nova Royalty Logo (CNW Group/Nova Royalty Corp.) 

 
 

  TSXV: NOVR 
  OTCQB: NOVRF  

 

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NOVA ROYALTY ADDS U.S. AND CANADIAN MINING HALL OF FAME INDUCTEE DOUGLAS SILVER TO BOARD OF DIRECTORS

NOVA ROYALTY ADDS U.S. AND CANADIAN MINING HALL OF FAME INDUCTEE DOUGLAS SILVER TO BOARD OF DIRECTORS

 
 

  TSXV: NOVR 
  OTCQB: NOVRF  

 
 

  Nova Royalty Logo (CNW Group/Nova Royalty Corp.) 

 

Nova Royalty Corp. (" Nova " or the " Company ") is pleased to announce the addition of Douglas Silver as an independent director of the Company's Board of Directors, effective immediately.

 

  Alex Tsukernik , President and CEO of Nova, commented, "On behalf of the Board of Directors and management, I would like to welcome Douglas Silver to the Nova board. Mr. Silver brings over four decades of mining sector experience ranging from technical and capital markets expertise, to founding and managing major royalty portfolios. We look forward to working with Mr. Silver and believe that his expertise and strong industry relationships will further bolster Nova's board as the Company continues to strengthen its portfolio and evolve into a premier copper and nickel royalty company.

 

   Douglas Silver   

 

  Douglas Silver has over 40 years of experience as an active professional in the metals and mining industry. He has been an exploration geologist, management consultant, mineral appraiser, M&A advisor, investor relations expert, and mine financier. Mr. Silver was a founder, CEO and Chairman of International Royalty Corporation and participated in building the world's largest mining private equity firm as a portfolio manager. Through his work with the University of Arizona's colleges of Engineering and Science and the Lowell Institute for Mineral Resources, Mr. Silver's mentorship and support of education have contributed to the careers of countless mining industry professionals. Advocacy for women's involvement at all levels of the mining industry is of particular importance for Mr. Silver, who has supported the advancement of women's rights and education in mining throughout his career. He is a member of the U.S. National Mining Hall of Fame and will be inducted into the Canadian Mining Hall of Fame in May 2023 , making him one of only three people to hold both honours.

 
  About Nova  
 

Nova is a royalty company focused on providing investors with exposure to the key building blocks of clean energy – copper and nickel. Nova has assembled a portfolio of royalties on a significant proportion of the next generation of major copper projects located in 1 st -tier jurisdictions, providing investors exposure to some of the most critical resource assets for the clean energy transition. These projects are being advanced by the world's premier mining companies, which include First Quantum, Lundin, Hudbay, Anglo American and Glencore, among others. The Company is headquartered in Vancouver, British Columbia and is listed on the TSX Venture Exchange under the trading symbol "NOVR" and on the US OTCQB under the trading symbol "NOVRF".

 

   ON BEHALF OF Nova Royalty CORP.,   

 

(signed) "Alex Tsukernik"
President and Chief Executive Officer

 

  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 release.  

 
   Cautionary Note Regarding Forward-Looking Statements   
 

  This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements include, but are not limited to, statements regarding future board contributions, the Company evolving into a premier copper and nickel royalty company and induction into the Canadian Mining Hall of Fame. Forward-looking statements are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Nova to control or predict, that may cause Nova'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, including, but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated April 29, 2022 and other filings available for review on the Company's profile at     www.sedar.com     . Such forward-looking information represents management's best judgment based on information currently available. 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. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.  

 
 
 

SOURCE Nova Royalty Corp.

 

 

 

 Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/February2023/13/c6284.html  

 
 

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NOVA ROYALTY REPORTS FINANCIAL RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPT 30, 2022 AND PROVIDES ASSET UPDATE

NOVA ROYALTY REPORTS FINANCIAL RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPT 30, 2022 AND PROVIDES ASSET UPDATE

 
 

  TSXV: NOVR 
  OTCQB: NOVRF  

 
 

  Nova Royalty Logo (CNW Group/Nova Royalty Corp.) 

 

Nova Royalty Corp. (" Nova " or the " Company ") has reported its financial results for the quarter ended September 30, 2022 . Nova's financial statements and management's discussion and analysis for the three and nine months ended September 30, 2022 are available on Nova's website at www.novaroyalty.com and on SEDAR at www.sedar.com .

 

   Q3 2022 highlights:   

 
  •   Revenue: for the three and nine months ended September 30, 2022 , recognized revenue of $344,155 and $1,488,461 , respectively, from its NSR interests, primarily related to the Aranzazu NSR.
  •  
  •   Updated at-the-market equity program: on November 14, 2022 , the Company filed a preliminary short form base shelf prospectus (the " Base Shelf Prospectus ") in all provinces of Canada to enhance the Company's financial flexibility. In connection with this transition, the Company intends to terminate its earlier 2021 ATM Program (as defined below) and establish the 2022 ATM Program (as defined below).
  •  

  Alex Tsukernik , President & CEO of Nova, commented, "We saw progress on multiple fronts in Q3 2022 as our portfolio of royalties on tier-one, large-scale copper projects continued to advance. Many of our key assets were actively progressed during the quarter, most notably Taca Taca, Copper World, Josemaria, and Vizcachitas. We are encouraged by the demonstrated commitment shown by the skilled owner-operators of these assets to develop these projects in a prudent, methodical way. We also saw strong operational performance from the Aranzazu mine, which reported higher quarter-over-quarter copper equivalent production and continues to be a valuable contributor of royalty revenue to Nova."

 

Mr. Tsukernik concluded, "With the long-term foundation of the Nova portfolio set and our key assets moving forward, we have prioritized balancing our cash flow profile by adding cash-flowing and near-term cash-flowing royalties. This is a major strategic focus for Nova, which we expect will set us up for sustainable profitability. We were very active in Q3 2022 on advancing deals on cash-flowing or near-term cash-flowing assets and we continue to work towards executing on this leg of our strategy. I look forward to updating the market when appropriate."

 

   Asset update   

 

  Aranzazu  

 

Aura Minerals Inc. (" Aura ") disclosed that Aranzazu sold 12.7 Mlbs copper equivalent (" CuEq ") at cash costs of US$1.48 /lb CuEq during Q3 2022. CuEq sales were 10% higher than in Q3 2021 and 9% higher than in Q2 2022. Aura reported that ore processed reached a historical record high during Q3 2022, achieving 313,000 tonnes in the quarter and surpassing the estimated maximum capacity of 100,000 tonnes per month. Additionally, Aura reported that copper grade was 10% higher and gold grade was 2% higher than Q3 2021 due to mine plan sequencing and higher-grade material at the Glory Hole deposit. Copper concentrate production was 9% higher during Q3 2022 than in Q3 2021 (1) .

 

Nova recognized $0.3 million in revenue during the third quarter of 2022, compared to $0.2 million in the comparative quarter, attributable to the Aranzazu royalty. Q3 2022 revenue recognized by Nova from the Aranzazu royalty was negatively impacted by approximately US$0.1 million due to nonrecurring price adjustments reported by Aura and lower copper prices. Aura reported price adjustments of US$10,331,000 in accordance with the offtake agreement between Aranzazu and Trafigura Mexico, S.A. According to a contractual provision which exists in the offtake agreement between Aranzazu and Trafigura, on a monthly basis, Trafigura is entitled to select an effective copper price determination period of either (i) the average market price of the subsequent month after an invoice is issued or (ii) the average market price of the fourth month after an invoice is issued. Both alternatives are subject to cash adjustments. Trafigura has selected alternative (ii) the average market price of the fourth month after an invoice is issued, since the beginning of 2022 (1) . Without this adjustment, Q3 2022 revenue for Nova would have been approximately $0.5 million .

 

Aura also revised its production guidance for Aranzazu, moving from 115,000-120,000 to 109,000-110,000 gold equivalent ounces (" GEO "). Aura reported that the downward revision in Aranzazu production guidance was driven largely by assumptions for average copper market prices, which negatively affects the calculation of GEO. Aura reported that, using previous price assumptions for copper and gold prices, Aranzazu would be expected to produce approximately 8,000 additional GEO during 2022 (1) .

 

As of September 30, 2022 , Aura last reported proven and probable mineral reserves at Aranzazu of 6.4 million tonnes at 1.38% copper, 0.97 g/t gold and 18.82 g/t silver (2) .

 

  Taca Taca  

 

First Quantum Minerals Ltd. (" First Quantum ") continued pre-development and feasibility activities at Taca Taca during Q3 2022. During the second quarter of 2021, First Quantum submitted two environmental permits regarding key infrastructure at Taca Taca. The primary Environmental and Social Impact Assessment (" ESIA ") for Taca Taca was submitted to the Secretariat of Mining of Salta Province in 2019 and approval of the ESIA is anticipated in late 2022. Water supply studies and pump tests to support the application for a water permit advanced steadily in 2022 and are expected to be completed in early 2023 (3) . First Quantum expects to continue permitting work at Taca Taca throughout 2022, in addition to engaging with government regarding key aspects of an administrative and fiscal regime for investment into Argentina   (4) .

 

As of September 30, 2022 , First Quantum last reported proven & probable mineral reserves at Taca Taca of 1,758.5 million tonnes at 0.44% Copper, 0.09 g/t gold, and 0.012% molybdenum (5) .

 

  Copper World Complex  

 

Copper World requires state and local permits for Phase I. Hudbay Minerals Inc. (" Hudbay ") reported that, on September 21, 2022 , an application for an Aquifer Protection Permit was submitted to the Arizona Department of Environmental Quality (" ADEQ "), and on October 21, 2022 , an application for an Air Quality Permit was submitted to the ADEQ. Hudbay reported that it expects to receive these two remaining state permits by mid-2023. Hudbay reported that the other key state permit, the Mined Land Reclamation Plan, was received in July 2022   (6) .

 

Hudbay reported that it is continuing to advance pre-feasibility activities for Phase I of Copper World, which is expected to include conversion of inferred mineral resources to measured and indicated, optimization of the layout and sequencing of the processing facilities, and the evaluation of other upside opportunities. Pre-feasibility level engineering for the processing plant is at 85% completion as of September 30, 2022 and geotechnical and hydrogeological site investigation activities have been completed. Pre-feasibility engineering design and metallurgical test work are on track to be completed by the end of 2022, with the results of pre-feasibility activities expected to be published in a pre-feasibility study ("  PFS  ") during the first half of 2023 (6) .

 

Upon receipt of the state permits required for Phase I, Hudbay reported that it expects to conduct a bulk sampling program to continue to de-risk Copper World by testing grade continuity, variable cut-off effectiveness, and metallurgical strategies in high-grade, near surface areas. Hudbay reported that it intends to prioritize the completion of the PFS, state level permits, bulk sampling program, and a minority joint venture partner process in 2023, with feasibility study activities in 2024 (6) .

 

  Josemaria  

 

Lundin Mining Corporation (" Lundin Mining ") reported that it is currently advancing commercial agreements and additional sectoral permits with national and provincial authorities in Argentina . Lundin Mining also reported that it is advancing work towards a baseline capital cost estimate and project execution schedule (7) .

 

Plant engineering, including procurement of long-lead equipment, is ongoing, and was 33% complete as of September 30, 2022 . Early works continue onsite, including the preparation of platforms for the camp and batch plant, additional fuel storage, and increasing camp capacity. Lundin Mining reported that it expects to continue advancing the building of additional camp capacity, internal access road construction, access road maintenance, and water and geotechnical work during the remainder of 2022 (7) .

 

Lundin Mining reported that it intends to spend approximately US$300 million at Josemaria during 2022, of which, US$150.5 million was spent as of September 30, 2022 . Additionally, Lundin Mining reported that approximately 31,000 meters of drilling has been completed at Josemaria since a 2020 Mineral Resource and Mineral Reserve Estimate was published by Josemaria Resources, the results of which will be incorporated into a new estimate to be published by Lundin Mining (7) .

 

As of September 30, 2022 , Lundin Mining last reported proven and probable mineral reserves at Josemaria of 1,012 million tonnes at 0.30% copper, 0.22 g/t gold, and 0.94 g/t silver (8) .

 

  Vizcachitas  

 

On September 29, 2022 , Los Andes Copper (" LAC ") announced that it continued to advance the PFS for the Vizcachitas project. Initial resource modelling for mine plan optimization work on general engineering, infrastructure planning, plant design, and environmental considerations are all ongoing. LAC reported that it expects to resume drilling in Q4 2022, with the objective of expanding resources at Vizcachitas beyond those currently being considered in the PFS (9) .

 

LAC now expects to finalize the PFS by the first quarter of 2023 (10) .

 

   Financial summary   

 

For Q3 2022, the Company recorded a net loss of $2.3 million or $0.03 per share, compared to a net loss of $1.7 million or $0.02 per share in the comparative quarter. The loss was largely attributable to a higher general and administrative (" G&A ") expense relating to higher personnel recruitment costs, share-based payments, interest expenses, foreign exchange loss, and $0.2 million of deferred acquisition costs, which were expensed as management determined one of its proposed acquisitions would not be completed. Excluding share-based payments, G&A expense during Q3 2022 was approximately $1.0 million , compared to $0.7 million in the comparative quarter.

 

   Updated at-the-market equity program   

 

Nova intends to enter into a new equity distribution agreement (the " Distribution Agreement ") with BMO Capital Markets (the " Lead Agent ") and PI Financial Corp. (together with the Lead Agent, the " Agents ") to establish an at-the-market equity program (the " 2022 ATM Program "). The Distribution Agreement is expected to allow the Company to distribute up to $25 million in common shares of the Company (the " Offered Shares ") under the 2022 ATM Program. The Offered Shares are expected to be issued by the Company to the public from time to time, through the Agents, at the Company's discretion. The Offered Shares sold under the 2022 ATM Program, if any, are expected to be sold at the prevailing market price at the time of sale. The net proceeds of any such sales will be used to finance the future purchase of streams and royalties by the Company and for working capital purposes.

 

Under the intended Distribution Agreement, sales of Offered Shares will be made by the Agents through "at-the-market distributions" as defined in National Instrument 44-102 – Shelf Distributions on the TSX Venture Exchange, or any other trading market for the Offered Shares in Canada . The Company is not obligated to make any sales of Offered Shares under the intended Distribution Agreement. Unless earlier terminated by the Company or the Agents as permitted therein, the Distribution Agreement will terminate upon the earlier of (a) the date that the aggregate gross sales proceeds of the Offered Shares sold under the 2022 ATM Program reaches the aggregate amount of $25 million ; or (b) the termination date specified in the Distribution Agreement.

 

The 2022 ATM Program will be made pursuant to a prospectus supplement, which Nova intends to file following the issuance of a receipt for the final Base Shelf Prospectus. The prospectus supplement relating to the 2022 ATM Program will be filed with the securities commissions in each of the provinces of Canada . Copies of the relevant documents will be available on SEDAR at www.sedar.com . Alternatively, the Lead Agent will send copies of the relevant documents to Canadian investors upon request by contacting the Lead Agent at BMO Capital Markets, by mail at Brampton Distribution Centre, 9195 Torbram Road, Brampton, Ontario , L6S 6H2, attn: The Data Group of Companies, by email at torbramwarehouse@datagroup.ca or by telephone at 905-791-3151 ext. 4312.

 

Nova first established a $25 million at-the-market program on February 26, 2021 (the " 2021 ATM Program ") with BMO Capital Markets and PI Financial Corp. From inception to September 30, 2022 , the Company distributed 2,033,900 common shares under the 2021 ATM Program at an average price of $3.50 per share for gross proceeds of $7,118,295 (of which no common shares were sold during the three months ended September 30, 2022 ), with aggregate commissions paid or payable of $177,957 , resulting in net proceeds of $6,940,338 . As of the date of this press release, the Company has distributed a total of ‎3,002,600 common shares under the 2021 ATM Program for gross proceeds of $8,612,326 . The Base Shelf Prospectus, when made final, will replace the amended and restated base shelf prospectus previously filed by the Company. In connection with this transition, the Company will terminate its 2021 ATM Program.

 

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

 

   Third quarter 2022 conference call and webcast:   

 

Nova will hold a conference call and webcast with management for investors and analysts on November 17, 2022 at 10:00 am ET . Analysts and investors are invited to participate using the following dial-in numbers or webcast link:

 

Participant Number (Local): 416-764-8609
Participant Number (Toll-Free): 888-390-0605
Conference ID: 92655824
Audience URL: https://app.webinar.net/3ZjeNP7WJEP  

 

A replay of the conference call will be available until 11:59 pm (ET)   December 1, 2022 , and can be accessed using the following dial-in numbers.

 

Encore (Local): 416-764-8677
Encore (Toll-Free): 1-888-390-0541
Encore ID: 655824#

 

   About Nova   

 

 Nova Royalty Corp. is a copper-focused royalty company. Nova has assembled a portfolio of royalties on a significant proportion of the next generation of major copper projects located in 1st-tier jurisdictions, providing investors exposure to some of the most critical resource assets for the clean energy transition. These projects are being advanced by the world's premier mining companies, which include First Quantum, Lundin, Hudbay, Anglo American and Glencore, among others. The Company is headquartered in Vancouver, British Columbia and is listed on the TSX Venture Exchange under the trading symbol "NOVR" and on the US OTCQB under the trading symbol "NOVRF".

 

   ON BEHALF OF Nova Royalty CORP.,   

 

(signed) "Alex Tsukernik"
President and Chief Executive Officer

 

  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 release.  

 
 
                      
 

  Notes:  

 
 
 

  (1)  

 
 

  Refer to Aura Minerals' Management's Discussion and Analysis for the three and nine months ended September 30, 2022.  

 
 

  (2)  

 
 

  Refer to Aura Minerals' Annual Information Form for the year ended December 31, 2021.  

 
 

  (3)  

 
 

  Refer to First Quantum Minerals Management's Discussion and Analysis for the third quarter ended September 30, 2022.  

 
 

  (4)  

 
 

  Refer to First Quantum Minerals 2021 Annual Report, Capital Markets Day Presentation dated January 2022, and Capital Markets Day Call Transcript, dated Tuesday, January 18, 2022.  

 
 

  (5)  

 
 

  Refer to First Quantum Minerals' NI 43-101 Technical Report Titled "Taca Taca Project, Salta, Argentina" prepared by David Gray (QP) BSc(Geology), MAusIMM, FAIG), Group Mine and Resource Geologist, FQM (Australia) Ltd, filed November 30, 2020, amended and restated March 30, 2021.  

 
 

  (6)  

 
 

  Refer to Hudbay's Management's Discussion and Analysis for the three and nine months ended September 30, 2022.  

 
 

  (7)  

 
 

  Refer to Lundin Mining's Management's Discussion and Analysis for the three and nine months ended September 30, 2022.  

 
 

  (8)  

 
 

  Refer to Lundin Mining's NI 43-101 Technical Report Titled "Josemaria Technical Report" prepared by Mr. Robert McCarthy, P.Eng, filed September 28, 2020.  

 
 

  (9)  

 
 

  Refer to the press release titled "Los Andes Copper Project Update" published by Los Andes Copper Ltd. on September 29, 2022.  

 
 

  (10)  

 
 

  Refer to the press release titled "Los Andes Copper Appoints Santiago Montt as Interim Chief Executive Officer" published by Los Andes Copper Ltd. on November 2, 2022.  

 
 
 

   
Technical and Third-Party Information
 
 

 

  Nova has limited, if any, access to the properties on which Nova holds a royalty, stream or other interest. ‎Nova is ‎dependent on (i) the operators of the mines or properties and their qualified persons to provide ‎technical or other information ‎to Nova, or (ii) publicly available information to prepare disclosure pertaining ‎to properties and operations on the mines or ‎properties on which Nova holds a royalty, stream or other interest, and generally has limited or no ability to independently ‎verify such information. Although Nova does ‎not have any knowledge that such information may not be accurate, there ‎can be no assurance that such ‎third-party information is complete or accurate. Some information publicly reported by ‎operators may relate ‎to a larger property than the area covered by Nova's royalty, stream or other interests. Nova's royalty, ‎‎stream or other interests can cover less than 100% and sometimes only a portion of the publicly reported ‎mineral reserves, ‎resources and production of a property.‎  

 

  Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this press re-‎lease, ‎including any ‎‎references to mineral resources or mineral reserves, was prepared in accordance with ‎Canadian ‎National Instrument 43-101 ‎‎‎(" NI 43-101 "), which differs significantly from the requirements of the ‎U.S. Securities and ‎Exchange Commission (the " SEC ") ‎‎applicable to U.S. domestic issuers. Accordingly, ‎the scientific and technical ‎information contained or referenced in this press ‎‎release may not be comparable ‎to similar information made ‎public by U.S. companies subject to the reporting and ‎‎disclosure requirements ‎of the SEC.‎‎  

 

  ‎"Inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty ‎as to ‎their ‎‎economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral ‎resource will ‎ever be ‎‎upgraded to a higher category. Historical results or feasibility models presented herein ‎are not guarantees ‎or expectations of ‎‎future performance.‎  

 

   Qualified Person   

Technical information contained in this press release originates in the public disclosure set out above and has been reviewed and approved by Christian Rios , AIPG Certified Professional Geologist, Advisor to Nova and a Qualified Person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

 

   Cautionary Note Regarding Forward-Looking Statements   

 

  This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information include, but are not limited to, statements with respect to future events or future performance of Nova; the existence of future business opportunities; ESIA approval for Taca Taca and the expected timing thereof; completion of water supply studies ‎and pump tests by First Quantum and expected timing thereof; ‎the continuation of permitting work at Taca Taca throughout 2022   and First Quantum's expectation to engage with government regarding an investment into ‎Argentina; obtaining state and local permits for Copper World and expected timing thereof; the development of the Aranzazu mine to access higher-grade areas for productions later in 2022; Hudbay advancing a pre-feasibility study for Phase I of the Copper World, conducting a bulk sampling program, minority joint venture partner process and feasibility study activities and expected timing thereof; Lundin Mining's activities and the total expected spend for Josemaria; LAC's plan to resume drilling and finalize the PFS and expected timing thereof; statements with respect to entering into the Distribution Agreement, filing the prospectus supplement, the future issuance of Offered Shares sold under the 2022 ATM Program; the aggregate gross proceeds of the 2022 ATM Program; and the use of proceeds from any sales of Offered Shares under the 2022 ATM Program; other potential developments relating to, or achievements by the counterparties for Nova's stream and royalty agreements, and with respect to mines or other properties Nova has, or may acquire, a stream or royalty interest; estimates of future productions, costs and other financial or economic measures; disclosure regarding any payments to be paid to Nova by property owners or operators of mining ‎projects pursuant to net smelter returns and other royalty agreements; ‎and future expectations regarding royalties and streams of Nova.  

 

  Such forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Nova to control or predict, that may cause Nova'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, including, but not limited to, risks associated with the impact of general business and economic conditions; that Nova may not be able to enter into the Equity Distribution Agreement; that Nova may not sell any of the Offered Shares or may raise less than the maximum offering amount under the 2022 ATM Program; management has broad discretion in the use of proceeds from the 2022 ATM Program; the absence of control over mining operations from which Nova will purchase precious metals or from which it will receive stream or royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine development, construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans are refined; problems related to the ability to market precious metals or other metals; industry conditions, including commodity price fluctuations, interest and exchange rate fluctuations; interpretation by government entities of tax laws or the implementation of new tax laws; regulatory, political or economic developments in any of the countries where properties in which Nova holds a royalty, stream or other interest are located or through which they are held; risks related to the operators of the properties in which Nova holds a royalty or stream or other interest, including changes in the ownership and control of such operators; risks related to global pandemics, including the novel coronavirus (COVID-19) global health pandemic, and the spread of other viruses or pathogens; influence of macroeconomic developments; business opportunities that become available to, or are pursued by Nova; reduced access to debt and equity capital; litigation; title, permit or license disputes related to interests on any of the properties in which Nova holds a royalty, stream or other interest; the volatility of the stock market; competition; future sales or issuances of debt or equity securities; use of proceeds; dividend policy and future payment of dividends; liquidity; market for securities; enforcement of civil judgments; and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated April 29, 2022 and other filings available for review on the Company's profile at     www.sedar.com     . Such forward-looking information represents management's best judgment based on information currently available. 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. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.  

 
 
 

SOURCE Nova Royalty Corp.

 

 

 

 Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/November2022/16/c6126.html  

 
 

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NOVA ROYALTY TO HOST CONFERENCE CALL AND WEBCAST FOR THIRD QUARTER 2022 RESULTS

NOVA ROYALTY TO HOST CONFERENCE CALL AND WEBCAST FOR THIRD QUARTER 2022 RESULTS

 
 

  TSXV: NOVR 
  OTCQB: NOVRF  

 
 

  Nova Royalty Corporation Logo (CNW Group/Nova Royalty Corp.) 

 

Nova Royalty Corp. (" Nova " or the " Company ") announced today that its third quarter 2022 financial results will be released after market close on November 16, 2022 followed by a corporate update conference call with management for investors and analysts on November 17, 2022 at 10:00 am ET .

 

Analysts and investors are invited to participate using the following dial-in numbers or webcast link:

 

Participant Number (Local): 416-764-8609
Participant Number (Toll-Free): 888-390-0605
Conference ID: 92655824
Audience URL: https://app.webinar.net/3ZjeNP7WJEP  

 

A replay of the conference call will be available until 11:59 pm (ET)   December 1, 2022 , and can be accessed using the following dial-in numbers.

 

Encore (Local): 416-764-8677
Encore (Toll-Free): 1-888-390-0541
Encore ID: 655824#

 
  About  Nova Royalty   
 

 Nova Royalty Corp. is a copper-focused royalty company. Nova has assembled a portfolio of royalties on a significant proportion of the next generation of major copper projects located in 1 st -tier jurisdictions, providing investors exposure to some of the most critical resource assets for the clean energy transition. These projects are being advanced by the world's premier mining companies, which include First Quantum, Lundin, Hudbay, Anglo American and Glencore, among others. The Company is headquartered in Vancouver, British Columbia and is listed on the TSX Venture Exchange under the trading symbol "NOVR" and on the US OTCQB under the trading symbol "NOVRF".

 

   ON BEHALF OF Nova Royalty CORP.,   

 

(signed) "Alex Tsukernik"
President and Chief Executive Officer

 

  Website:    www.novaroyalty.com   

 

  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 release.  

 
   Cautionary Note Regarding Forward-Looking Statements   
 

  This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Nova to control or predict, that may cause Nova'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, including, but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated April 29, 2022 and other filings available for review on the Company's profile at     www.sedar.com     . Such forward-looking information represents management's best judgment based on information currently available. 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. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.  

 
 
 

SOURCE Nova Royalty Corp.

 

 

 

 Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/November2022/07/c6100.html  

 
 

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[VIDEO ENHANCED] Prismo Metals Options Two High-Grade Silver-Gold Mines in the Arizona Copper Belt - Immediate Exploration Planned

[VIDEO ENHANCED] Prismo Metals Options Two High-Grade Silver-Gold Mines in the Arizona Copper Belt - Immediate Exploration Planned

 

(TheNewswire)

 
       
  Prismo Metals Inc. 
                
 

Vancouver, British Columbia, July 3rd, 2025 TheNewswire - Prismo Metals Inc. (the " Company ") (CSE: PRIZ) (OTCQB: PMOMF) is pleased to announce that it has signed option agreements to acquire 100% interest in two historic high-grade precious and base metal mines — the Silver King and Ripsey mines — both located in Arizona's prolific Copper Belt near its flagship Hot Breccia project.

 

Additional information on the Silver King and Ripsey mines as well as Prismo's other projects (Hot Breccia and Palos Verdes) is available on Prismo's Youtube channel at:   

  

 

  Exceptional Grades and Untapped Potential  

 

Discovered in 1875, the Silver King mine is one of Arizona's most important historic producers, yielding nearly 6 million ounces of silver at grades of up to 61 oz/t. Remarkably, selected samples from small-scale production in the late 1990s returned grades as high as 644 oz/t silver (18,250 g/t) and 0.53 oz/t gold (15 g/t), indicating that high-grade mineralization remains. Additionally, the presence of freibergite (AgCuSbS) suggests a potential for antimony, a critical mineral with growing strategic demand.

 

The Ripsey mine, located 20 km west of Hot Breccia, is also an historic gold-silver-copper producer with significant upside. Historic sampling has returned up to 15.85 g/t gold and 276 g/t silver, yet no modern exploration has been conducted.

 

  Strategic Location — World-Class Neighbors  

 

The Silver King mine sits only 3 km from the main shaft of the Resolution Copper project — a joint venture between Rio Tinto and BHP and one of the world's largest unmined copper deposits with an estimated copper resource of 1.787 billion metric tonnes at an average grade of 1.5% copper (1) . This unique land position is fully surrounded by Resolution Copper's claim block, offering strategic upside.

 

"The Silver King and Ripsey mine projects are exciting additions to our Arizona portfolio. We see an opportunity to create near term value through immediate exploration on a historic high-grade silver producer with antimony potential that has seen limited modern exploration by drilling both laterally and at depth into a prospective source formation, said Gordon Aldcorn, President of Prismo. "We look forward to getting our exploration team back in the field, advancing our exciting projects and revitalizing investor interest in the Company."

 

The Silver King mine was discovered in 1875 and produced ore with as much as 10,000 ounces per ton silver in near surface workings (2) . Underground production through 1889 is estimated at almost 6 million ounces of silver at grades of between 61 and 21 ounces per ton. During a second period of production from 1918 to 1928, 230,000 ounces were produced at a grade of 18.7 ounces per ton.  No significant production has occurred after 1928.

 

The orebody at Silver King is a steeply west-dipping pipelike stockwork and breccia zone that was mined on eight levels to about 300 meters depth below a glory hole at the surface. The pipe is described as a dense stockwork with local breccia zones and a quartz core (3) .  Records indicate that due to variations in mineralogy, much of the upper portion of the body was evidently not mined. The current owners (the " Optionor ") rehabilitated the main shaft in the late 1990s, opened the upper levels of the mine and produced a small tonnage. Assay certificates from this period show selected samples with 400 to 600 ounces per ton silver with 0.2-0.5 oz/t gold and some base metals. Virtually no modern exploration has been carried out at the mine providing significant exploration upside and multiple drill targets.

 

The Ripsey mine is a historic gold-silver-copper producer located about 20 km west of the Hot Breccia project. Historic mine workings consisting of tunnels and shafts on several levels were developed along a vein over about 400 meters of strike length and 160 meters vertically. A small tonnage of mineral was produced by the Optionor in the late 1990's. Sampling by Dr. Craig Gibson from the mine workings has yielded 15.9 g/t gold and 275 g/t silver over 0.75 meters and 8.7 g/t gold, 181 g/t silver, 3% copper and 9% zinc over 1 meter. No modern exploration has been carried out at the project, providing significant exploration upside and multiple drill targets.

 

The Company plans to conduct a detailed mapping and sampling program at both projects at surface exposures and in accessible workings.  A drill program is planned for Silver King, with about 1,000 meters initially. The Silver King drill program is designed to test the mineralized body at four elevations as well as lateral to the pipelike body. De-watering of the Silver King shaft to gain access to the upper levels may also be undertaken as submersible pumps are in place.

 

"This is a fabulous opportunity for the Company. Both projects are high-grade and are easily accessible and may be associated with porphyry copper mineralization. We also look forward to evaluating the potential for antimony at Silver King. We're excited to begin exploration immediately to test the Silver King's pipelike mineralized body at multiple depths and laterally," said Dr. Craig Gibson , Chief Exploration Officer. "This region is world-class for porphyry systems and base and precious metals, and we believe these mines have significant untapped potential."

 

    
Click Image To View Full Size
 

 

Location of the Company's projects withing the Arizona Copper Belt

 

    
Click Image To View Full Size
 

 

Land map of the Silver King mine.

 

    
Click Image To View Full Size
 

 

Drone view of the Silver King mine.

 

     

 

The Silver King mine in the late 1800's.

 

    
Click Image To View Full Size
    
Click Image To View Full Size
 

 

Small scale mining in the upper levels of the Silver King mine in the late 1990's.

 

  Deal description  

 

Prismo has the option to acquire a 100% interest in both the Silver King and Ripsey mines. Prismo can earn a 100% interest in the Ripsey mine by issuing one million shares to the Optionor, paying the Optionor US $10,000 within six months of the signing of the option agreement (the " Effective Date "), US $10,000 on each anniversary of the Effective Date and US $1 million to the Optionor within five years of the Effective Date. Prismo does not have minimum work commitments as part of the Ripsey option agreement.

 

Regarding the Silver King mine, Prismo can acquire a 100% interest in three stages. Prismo must issue one million shares to the Optionor, pay the Optionor US $10,000 within six months of the Effective Date, and US $10,000 on each anniversary of the Effective Date. To earn a first 50% interest, Prismo must incur no less than US $500,000 in expenditures on or before the first anniversary of the Effective Date, incur no less than an additional US $2.5 million expenditures on or before the third anniversary of the Effective Date and issue to the Optionor two million shares. Prismo can acquire an additional 30% interest by incurring no less than an additional US $3 million in expenditures, paying the Optionor US $1 million and issuing to the Optionor two million shares before the fifth anniversary of the Effective Date. Prismo can elect to form a joint venture at anytime after earning it initial 50% interest. The option agreement and joint venture agreement terms and conditions contain standard buyout and dilution terms regarding the final 20% interest.

 

  Private Placement  

 

Prismo is also pleased to announce a non-brokered private placement (the " Private Placement ") of five million units of the Company (" Units ") at an issue price of $0.05 per Unit for minimum gross proceeds of $250,000. Each Unit will consist of one common share in the capital of the Company (a " Share ") and one-half of one common share purchase warrant of the Company (each whole warrant, a " Warrant "). Each Warrant will entitle the holder to purchase one Share for a period of twenty-four (24) months from the date of issue at an exercise price of $0.10.

 

The Private Placement will also be made available to existing shareholders of the Company who, as of the close of business on July 1st, 2025, held Shares (and who continue to hold such Shares as of the closing date of the Private Placement), pursuant to the existing securityholder exemption set out in BC Instrument 45-534 – Exemption From Prospectus Requirement for Certain Trades to Existing Security Holders (the " Existing Securityholder Exemption "). The Existing Securityholder Exemption limits a shareholder to a maximum investment of CAD$15,000 in a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction. If the Company receives subscriptions from investors relying on the Existing Securityholder Exemption exceeding the maximum amount of the Private Placement, the Company intends to adjust the subscriptions received on a pro-rata basis.

 

The Units issued pursuant to the Private Placement and the Existing Securityholder Exemption will be subject to a four-month hold period from the closing date of the Private Placement under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.  

 

  The Company intends to use the net proceeds of the Private Placement for general corporate purposes. The Company may pay finder's fees to eligible finders in connection with the Private   Placement, subject to compliance with applicable securities laws and Canadian Securities Exchange policies.  

 

  The securities being offered have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons or persons in the United States, 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.  

 

  Debt Settlements  

 

  Prismo also announces that it has entered into debt settlement agreements (the "   Settlement Agreements   ") with certain creditors of the Company (the "   Creditors   ") pursuant to which the Company agreed to issue to the Creditors, and the Creditors agreed to accept, an aggregate of 160,000  shares of the Company (each, a "   Share   ") in full and final settlement of accrued and outstanding indebtedness in the aggregate amount of $11,000 (the "   Debt Settlement   ").   All securities issued pursuant to the Debt Settlement will be subject to a statutory hold period of four months from the date of issuance, in accordance with applicable policies of the Canadian Securities Exchange.  

 

  Share and Warrants Issuance  

 

  A private company dealing at arms' length with Prismo, its officers and directors, had certain rights into the Silver King and Ripsey mines ("   PrivateCo   "). In consideration for PrivateCo relinquishing its rights in the Silver King and Ripsey mines in favor of the Company, Prismo has agreed, subject to regulatory approval, to issue PrivateCo five million units (the "   Units   "). Each Unit is comprised of one common share (a "   Share   ") and one share purchase warrant (a "   Warrant   "). The Shares will become free trading as to 25% every six months from the Effective Date. Two million of the Warrants will be exercisable at $0.10 ("   First Tranche   ") and three million Warrants will be exercisable at $0.15 ("   Second Tranche   "), all for a period of three years. The shares from the exercise of the Warrants will become free trading as to 25% every six months from the Effective Date. In addition, the exercise of the First Tranche is conditional on Prismo having raised $1.5 million from parties introduced to Prismo by the principals of PrivateCo and the exercise of the Second Tranche is conditional on Prismo having raised $3.0 million from parties introduced to Prismo by the principals of PrivateCo.  

 

  Qualified Person  

 

   Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and Chief Exploration Officer and a director of the Company, has reviewed and approved the technical disclosures in this news release. Other than the sampling conducted by Dr. Craig Gibson as indicated herein, the data presented in this press release was obtained from public sources, should be considered incomplete and is not qualified under NI 43-101, but is believed to be accurate. The Company has not verified the historical data presented and it cannot be relied upon, and it is being used solely to aid in exploration plans.   

 

  1)     https://resolutioncopper.com/about-us/    

 

  2)   Galbraith, F, 1935, Geology of the Silver King area, Superior, Arizona, Univ. of Arizona thesis, 153p plus plates.  

 

  3)   Blake, W.P., 1883, Description of the Silver King Mine, Arizona, New Haven, 48p plus plates.  

 

  About Prismo Metals Inc.  

 

  Prismo (CSE: PRIZ) is a mining exploration company focused on advancing its Hot Breccia copper project in Arizona and its Palos Verdes silver project in Mexico.  

 

  Please follow @PrismoMetals on   ,   ,   ,    Instagram    , and  

 

  Prismo Metals Inc. ,   1100 - 1111 Melville St., Vancouver, British Columbia V6E 3V6  

 

  Contact:  

 

  Alain Lambert, Chief Executive Officer    alain.lambert@prismometals.com   

 

  Gordon Aldcorn, President    gordon.aldcorn@prismometals.com   

 

  Cautionary Note Regarding Forward-Looking Information  

 

  This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Hot Breccia.  

 

  These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Silver King and Ripsey. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund exploration and the timing of such exploration.  

 

  Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-   looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.  

 

  NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
 

 

Copyright (c) 2025 TheNewswire - All rights reserved.

 

 

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Bold Ventures Provides Update on Field Work at Burchell Property

Bold Ventures Provides Update on Field Work at Burchell Property

 

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to provide an update on the progress of field work at its Burchell Gold and Copper Property, located approximately 100 km west of Thunder Bay.

 

Prospecting, outcrop mapping and soil sampling were carried out during the months of May and June on a 1 km by 800 m flagged grid centered on the recently discovered 111 Zone, where grab samples returned between 10 ppb gold and 68 g/t gold last December (see news releases dated December 12, 2024 and January 9, 2025). More than 600 rock and soil samples have been submitted for analysis from this first phase of field work, with final results pending.

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Juggernaut Announces Financing Of $1,000,000 From One Strategic Investor

Juggernaut Announces Financing Of $1,000,000 From One Strategic Investor

 

(TheNewswire)

 
        
  Juggernaut Exploration Ltd. 
                   
 

Vancouver, British Columbia July 3 rd 2025 TheNewswire - Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut"), is pleased to announce a $1,000,000 hard dollar financing from one strategic investor, further confirming the support and excitement of the newly discovered 11 km Highway of Gold surrounding the Eldorado porphyry system on the Big One property. The discovery is in an area of glacial and snowpack abatement next door to the gold-rich porphyry systems at Newmont Mining's Galore Creek. The Big One Property is a discovery previously announced Jan 20 th (Click Link) with assays up to 79.01 gt gold (2.54 ozt gold) and 3157.89 gt silver (101.5 ozt silver) from over 200 gold-silver-copper rich polymetallic veins up to 8 m wide and striking for up to 500 m that all remain open at surface. The Big One Project covers 33,693 hectares in a globally ranked tier 1 jurisdiction with tremendous additional discovery potential in the heart of the Golden Triangle, British Columbia.

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Anteros Returns High-Grade Lead-Zinc-Silver in Surface Samples from the MMZ at its Havens Steady VMS Property, Newfoundland

Anteros Returns High-Grade Lead-Zinc-Silver in Surface Samples from the MMZ at its Havens Steady VMS Property, Newfoundland

 

Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce assay results from six grab samples collected at the Main Mineralized Zone ("MMZ") of its wholly-owned, road-accessible Havens Steady VMS Property ("Havens Steady" or the "Property") in central Newfoundland. These samples confirm high-grade lead-zinc-silver mineralization at surface and show associated gold and copper enrichment consistent with a polymetallic volcanogenic massive sulphide ("VMS") system.

 

The grab samples were collected during a recent field visit, focused on confirming the tenor and extent of exposed mineralization within the MMZ. All samples were collected from bedrock outcroppings of gossanous surface material. Surface grab sample highlights are given in Table 1, below.

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