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Aging Putin brings younger generation, family members into circle amid Kremlin instability: report

Russian President Vladimir Putin is tightening his grip on power by elevating younger loyalists amid growing instability inside the Kremlin as he ages, according to reports.

On Sunday, The Telegraph reported that Putin, 73, who has ruled Russia for more than two decades, is ‘running out of cards to play’ as pressure mounts both domestically and abroad. 

The Federal Security Service (FSB) also opened a criminal case against exiled businessman Mikhail Khodorkovsky and 22 members of the Anti-War Committee of Russia, accusing them of plotting a seizure of power, per reports. Khodorkovsky spent a decade in a Siberian prison before founding the Anti-War Committee in 2022.

John Herbst, Senior Director of the Eurasia Center at the Atlantic Council and former U.S. ambassador to Ukraine, told the U.K. outlet that ‘the Kremlin is falling into paranoia.’

‘All the people around him have started thinking about a world beyond Putin, so he has arranged his own elite in a really careful way, so there are no clear seams along which it would kind of rip apart,’ Henry Hale, Professor of Political Science and International Affairs at George Washington University, told Fox News Digital. 

‘He also has members of his own family now that are starting to rise in the ranks. One of the ones that has gotten the most attention is Anna Evgenievna Tsivilyova, née Putina,’ Hale said. 

Tsivilyova, 52, is Putin’s first cousin once removed and currently heads the Defenders of the Fatherland Foundation, a state-run organization that supports Russian soldiers and veterans. 

She has also served as chair of the board of the Kolmar Group, one of Russia’s largest coal companies.

‘The younger people are being brought up by the older generation integrated seamlessly into the power pyramid,’ Hale said.

‘Putin is worried about what happens as he ages and if you don’t provide some opportunity for younger people to rise up, you know, then the regime might come under some pressure.’

‘These people can be trusted because they’re related to people close to Putin, and they can also be young and energetic. The younger people are being brought up by the older generation, integrated seamlessly into the power pyramid,’ Hale added.

In 2023, Wagner Group leader Yevgeny Prigozhin staged a brief mutiny, sending his fighters toward Moscow before abruptly standing down only to die weeks later in a plane crash. 

Now, the Kremlin’s focus has shifted to silencing opposition abroad. 

‘Tensions remain within the elite and Putin wants to get rid of any possible risks,’ Hale said. ‘The 2023 incident was a warning from Putin to his own elite, his own inner circle, not to dare try anything. Putin and his people are watching each other carefully and so don’t try anything funny,’ Hale added.

Recently, western sanctions, less oil revenue, and war costs could push Russia toward recession.  

The Treasury Department under President Donald Trump sanctioned Russia’s two largest oil producers, Rosneft and Lukoil, escalating pressure on the Kremlin to end its war in Ukraine. 

According to reports, the Russian government could raise taxes and increase domestic borrowing to close the gap.

‘Putin has weathered the main crisis that the full-scale invasion of Ukraine brought Russia, which was the initial shock of the invasion and its failure to take Ukraine in a matter of days,’ Hale added. 

‘But war brings uncertainty and there’s a risk of disastrous defeat, underperforming expectations. All the people around him start thinking about a world beyond Putin.’

‘That said, well, I think Putin’s regime is fairly stable at the moment,’ Hale concluded.

Fox News Digital has reached out to the Kremlin for comment.

This post appeared first on FOX NEWS

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Shutdown crushes small business owners as losses hit billions — industry leaders beg Congress for ‘clean CR’

Small business owners are losing billions in funding due to the government shutdown, with industry leaders publishing a letter Monday demanding lawmakers pass a ‘clean CR’ and reopen the federal government. 

‘On behalf of our organizations representing millions of entrepreneurs and small business owners, we are calling on U.S. Senators to put an end to the instability and hardship by passing a clean continuing resolution, which will allow negotiations to continue on spending measures moving through Congress, including the future of the COVID credits that will expire at year-end,’ a letter addressed to U.S. senators across the board and first obtained by Fox News Digital states. ‘The viability of thousands of small businesses is at risk due to the shutdown, and it is unacceptable that the livelihoods of owners and their employees are being sacrificed for spending demands that can be resolved through regular order.’ 

The letter was signed by six industry groups, including the Family Business Coalition, International Franchise Association, Job Creators Network, National Association of Wholesaler-Distributors, National Restaurant Association and the Small Business & Entrepreneurship Council. 

The government shut down Oct. 1 after Senate lawmakers failed to reach a funding agreement before a midnight deadline. Leaders of both political parties have since cast blame for the shutdown on each other, with Republicans arguing Democrats sought taxpayer-funded medical benefits for illegal immigrants in their legislation, while Democrats have denied the accusation and claimed Republicans won’t join the negotiation table on healthcare for citizens. 

The letter urged lawmakers to reopen the government while pointing to a handful of examples of how Americans are suffering due to the shutdown, including small business owners losing out on billions in funding. 

‘According to the (Small Business Administration), 4,800 small businesses have been blocked from receiving $2.5 billion in capital since the start of the shutdown,’ the groups warned. ‘Every day the shutdown continues means another 320 small businesses will not have access to the SBA-backed commercial loans these businesses were counting on for expansion and growth. Hundreds of thousands of workers are impacted by the suspension through furloughs, reduced jobs and wages, along with missed opportunities for local economies.’  

The Small Business Administration released data earlier in October showing 320 small business owners have lost $170 million in funding each day due to the shutdown, which has resulted in at least $2.5 billion in funding that cannot be delivered to business owners. 

White House spokeswoman Taylor Rogers told Fox Digital that the ‘Democrat shutdown’ has caused ‘chaos’ that is gripping business owners no matter the size of the company. 

‘From Wall Street to Main Street, the Democrat shutdown has generated unnecessary chaos and economic uncertainty. Millions of small businesses and entrepreneurs have made it very clear — it is time for Senate Democrats to pass the clean continuing resolution, reopen the government, and stop using Americans as ‘leverage’ for their radical policies,’ Rogers said. 

The letter added that disruptions to air travel and air traffic controller shortages have affected business owners and consumers, alike, and that small business owners are feeling the pinch of ‘ever-increasing costs and diminishing choices’ as they relate to healthcare coverage. 

‘With respect to the rising cost of health insurance premiums, small businesses have been the hardest hit by years of ever-increasing costs and diminishing choices. Premium tax credit expiration represents only a fraction of the reason why many small businesses are seeing hefty premium increases for next year. Lowering costs and increasing affordable choices will be resolved through comprehensive reforms that need to be addressed by Congress and state legislatures. Congress must commit to this important task as well,’ the letter stated. 

‘The effects of the shutdown will only grow wider with each passing day unless the Senate acts. Passing a clean CR is a smart, responsible, and bipartisan course of action. It will provide certainty for small business owners, employees and workers who are counting on actions from their elected officials that produce certainty and stability. We urge every Senator to support a clean CR that allows the appropriations process to move forward to ensure the federal government remains open and operational,’ the letter said. 

The shutdown currently does not have an end in sight. Democrats such as Senate Minority Leader Chuck Schumer are taking issue with Trump traveling to Asia this week to meet with foreign leaders. 

‘Americans deserve a government that works as hard as they do — not a leader that flies away from responsibility at the time they need one most,’ Schumer said Friday. 

Speaker of the House Mike Johnson, when asked about Schumer’s remarks, told the media Monday that ‘President Trump has entrusted us to fix this because this is an Article I branch problem.’

‘The president tried his best, he brought them in before all this madness started, and Chuck Schumer and Hakeem Jeffries effectively told him to jump in the Potomac,’ Johnson said, CBS News reported. ‘So it’s up to the Democrats, everybody knows that. The president said he’ll meet with them on any issue under the sun. We’re delighted to talk about it, but they have to get the government reopened first.’

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Flight delays worsen as unpaid air traffic controllers feel government shutdown pain

U.S. airline travelers are beginning to feel the effects of the ongoing government shutdown. And with no clear end in sight, it’s increasingly likely that Americans could be grappling with flight delays and cancellations just ahead of the Thanksgiving holiday.

Tuesday marks Day 28 of the shutdown. It’s also the first day that air traffic controllers and other federal workers will see a paycheck showing $0 — putting added strain on a sector that is already dealing with a declining workforce and difficult employment conditions.

‘This Democrat-led shutdown is putting an unnecessary strain on our nation’s aviation system, putting more flights at risk for delays or cancellation,’ Rep. Troy Nehls, R-Texas, chair of the House Transportation Committee’s aviation subcommittee, told Fox News Digital.

After speaking with air traffic controllers directly, Nehls said, ‘They’ve shared their growing concerns about fatigue, distraction and financial hardship as they continue performing essential work without pay.’

‘The busy holiday season is quickly approaching, and the traveling public deserves a safe, efficient, and reliable travel experience. If Senate Democrats continue to refuse to do the right thing and pass the clean continuing resolution, the situation will only get worse,’ Nehls said.

Still, the looming payday hasn’t loosened Senate Democrats from their dug-in position. 

Sen. Andy Kim, D-N.J., argued that the blame game against Democrats over air traffic controllers, and other looming issues like federal food benefits soon running out of money, were ‘all things that the Republicans have been cutting back on.’ 

He noted to Fox News Digital that the administration fired hundreds of Federal Aviation Administration (FAA) employees earlier this year based on recommendations from the Department of Government Efficiency (DOGE). 

‘These are things that they’ve constantly been attacking and putting the strain and pressure on air traffic controllers, and now they’re pretending like they care about this, and I just find that to be disingenuous,’ Kim said. ‘And it’s just using our federal workers as pawns when we know that this administration has done everything that they could to decimate and dismantle our civil service and our public service.’

The Senate may vote on a bill this week from Sen. Ted Cruz, R-Texas, that would pay air traffic controllers, but so far Senate Majority Leader John Thune, R-S.D., has not teed it up. Thune said they’d ‘see what the temperature is of our senators’ on that and other funding issues, but he reiterated that the easiest way to pay all federal workers would be to reopen the government. 

Sen. Richard Blumenthal, D-Conn., echoed a sentiment many Senate Democrats have shared about Cruz’s bill and others like it that would incrementally fund parts of the government; it can’t give President Donald Trump ‘carte blanche to do what he wants.’ 

When asked by Fox News Digital about criticism from Republicans over congressional Democrats’ role in air traffic controllers missing a pay day, he said, ‘Air traffic controllers have been really admirable in coming to work and doing their job.’

Cruz said that he hoped his bill would get a shot, and when asked what his message to Republicans would be to get the bill on the floor, he said, ‘That the Democrats not paying air traffic controllers is reckless.’  

Some 13,000 air traffic controllers are employed across the U.S. Many already work six days per week, faced with a long-simmering shortage of employees.

Because air traffic controllers are deemed essential workers, they are made to work during shutdowns without pay. Instead, they are expected to get back pay when the shutdown is over.

Transportation Secretary Sean Duffy warned late last week that it would mean that many air traffic controllers would be forced to take on another job to make ends meet.

‘If you have a controller that’s working six days a week but has to think about, ‘How am I going to pay the mortgage, how am I to make the car payment, how am I going to put food on my kid’s table?’ They have to make choices, and the choice they’re making is to take a second job,’ Duffy said. ‘I don’t want them delivering for DoorDash. I don’t want them driving Uber. I want them coming to their facilities and controlling the airspace.’

And the effects are being felt already, even far outside of Washington, D.C., where Congress is still gridlocked over federal spending.

Los Angeles International Airport, one of the world’s busiest airports, was forced to issue a temporary ground stop on Sunday morning due to a shortage of air traffic controllers.

It was just one of 22 locations that faced disruptions over air traffic controller shortages on Sunday, Duffy told ‘Sunday Morning Futures.’

There were more than 3,300 delayed flights across the U.S. as of late Monday afternoon, according to airline tracker FlightAware. There were more than 8,700 delays on Sunday.

And several airports, including in Dallas, Austin and Newark, were all under ‘ground delay’ or ‘ground stop’ advisories early Monday evening, according to advisory bulletins from the FAA. Each advisory was due to staffing issues. 

Sen. Roger Marshall, R-Kan., noted that there were ‘three or four’ fast-approaching pressure points, including the payday for air traffic controllers, that could shake loose deeply entrenched Senate Democrats. 

He noted that it wouldn’t be something inside the walls of Congress that could force negotiations, but ‘something extraneous that forces us to come together.’

‘I think the air traffic control has the most potential to light this place up,’ he told Fox News Digital. ‘If the senators can’t go home Thursday night because of air traffic control issues, then I think it really could be a pressure point.’

This post appeared first on FOX NEWS

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Obama was ‘not happy’ with quick Pelosi endorsement of Harris, book says

President Barack Obama was angry with former House Speaker Nancy Pelosi for her quick endorsement of former Vice President Kamala Harris after President Joe Biden withdrew from the 2024 election, according to a new book.

An excerpt from ABC News’ Jonathan Karl’s upcoming book, ‘Retribution,’ asserts that Pelosi and Obama had come to an understanding that Harris ‘should not simply be handed the nomination unchallenged.’ Nevertheless, Pelosi handed her an endorsement within 24 hours of Biden’s withdrawal.

‘The Obamas were not happy,’ a source close to Pelosi told Karl, according to an excerpt obtained by the Daily Mail.

‘This person summed up Obama’s message to Pelosi as, essentially, ‘What the f–k did you just do?’’ Karl wrote.

The book asserts that Obama had deep concerns about Harris’ ability to beat President Donald Trump and wanted Democrats to hold an open convention.

‘Obama and Pelosi — arguably the two most influential figures in the Democratic Party — had privately agreed to abstain from making any endorsements,’ Karl wrote.

‘The former president wanted to know what had happened. Why had Pelosi issued a statement endorsing Harris so soon? Hadn’t he and Pelosi agreed days earlier that party leaders anointing the vice president as Biden’s replacement would be a mistake?’ Karl added.

Obama gave Pelosi an angry phone call, during which Pelosi argued ‘that train has left the station,’ when Biden endorsed Harris during his withdrawal message.

The source close to Pelosi claimed Obama sounded ‘genuinely irritated’ on the call.

Obama himself ultimately waited five days after Biden’s withdrawal before offering his endorsement to Harris in a joint phone call with his wife, Michelle.

‘We called to say Michelle and I couldn’t be prouder to endorse you and do everything we can to get you through this election and into the Oval Office,’ Obama said.

Michelle chimed in, ‘I am proud of you. This is going to be historic.’

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Metals Focus: Gold to Average US$4,560 in 2026 on Unpredictable US Trade Policy, Potential Stagflation

Metals Focus published its annual Precious Metals Investment Focus report on Saturday (October 25).

The report from the leading gold analysis firm outlines the investment options available for those interested in leveraging rising demand for precious metals such as gold and silver. It also highlights key supply and demand trends shaping the precious metals market and driving prices now and over the next 12 months.

Gold surged over 65 percent from the start of 2025 to its record high of US$4,379.13 per ounce on October 17. Not to be outdone, silver skyrocketed more than 88 percent its highest-ever price of US$54.47 per ounce on the same day.

Although prices for both precious metals have since pulled back on profit taking, Metals Focus believes the conditions that created these record-high prices are still very much in play.

US trade policy driving gold price in 2025

Metals Focus analysts attribute gold’s stellar performance in 2025 to a number of factors largely centered on growing global economic uncertainty and ongoing geopolitical conflicts. Gold’s safe-haven status is highly favored in these conditions, attracting both retail and institutional investors as well as central banks.

However, the firm sees US President Donald Trump’s trade policies as the most influential: “In our view, the single most important factor has been uncertainty around US trade policy.”

Trump’s constant trade war waffling has businesses and governments scrambling to keep up and unable to plan for the future. As tariffs increase the price of goods while disrupting supply chains, inflation is becoming stickier.

This is baking in more macroeconomic risks into the global economy, and in turn raising the risk for stagflation — an environment that experts agree is ideal for higher gold prices.

The US Federal Reserve’s reversal of its monetary policy in mid-September 2025 with its first interest rate cut and the anticipation of further rate cuts to come are further boosting the gold price. The sustainability of growing US debt and the waning strength of the US dollar on the global stage are also price supporting factors for the yellow metal.

Central bank gold buying, which has reached record levels in recent years, also continued to be net positive in 2025, further driving demand. “Put together, these drivers explain why gold has not only reached fresh highs in 2025, but also why pullbacks have been shallow and short-lived, as investors have been rushing to buy dips,” states Metals Focus.

Silver price shoots up on liquidity squeeze

The same forces sending gold prices to new heights are also bringing silver along for the ride.

Silver often lags behind its sister metal, and this latest price cycle was no exception.

However, investor belief that silver remains undervalued given strong industrial demand and unprecedented tight supply finally pushed the metal to break on through to the other side of a 45 year record high.

Metals Focus also points to the liquidity squeeze in the silver futures market, specifically concerning the COMEX in London. As the immediate supply of silver has not been enough to meet rising demand, the spot price for silver has risen higher than the price of futures contracts, a phenomenon known as backwardation.

This creates a squeeze on short sellers who must now buy back silver contracts at higher prices.

The situation amplified silver’s rally in early to mid-October. However, later in the month shipments of silver from New York and China helped to alleviate this pressure.

Gold price outlook for 2026

Looking forward, the trends underlying much of gold’s record-breaking price momentum are expected to remain strong well into next year. Metals Focus sees the price of gold posting another annual average high of US$4,560 as it heads toward US$5,000 in 2026, potentially reaching a record US$4,850 in the fourth quarter.

These gains in gold are projected to materialize despite supply side growth. Metals Focus is forecasting a surplus of 41.9 million ounces in 2026, up 28 percent year-on-year. The firm sees gold mine production reaching another record high in 2026 at the same time that gold recycling could climb by 6 percent to a 14-year high in jewellery demand is likely to be affected by high prices, low consumer confidence, and economic uncertainty.

What will move gold prices higher in 2026?

Gold investors should take cues from interest rate moves, inflation levels, strength or weakness in the US dollar and sentiment surrounding the independence of the Federal Reserve.

Of course, US trade policy will continue to be a main theme for precious metals over the next 12 months.

“As we have witnessed since the beginning of the Trump 2.0 administration, the abrupt and often unpredictable nature of US policy moves and the resulting uncertainty for the global trade system, and in turn the global economy, is expected to be a key driver of sentiment towards gold,” states the firm in the report.

Further driving demand, central banks around the world are expected to remain net buyers of safe-haven gold as the global push toward de-dollarization continues.

Gold and silver price outlook.

Chart via Metals Focus, Bloomberg.

Silver price outlook for 2026

As for silver, the white metal will continue to be seen as a more affordable alternative to gold. Metals Focus is looking for silver to average US$57 next year, and even take a run at the US$60 level in mid- to late 2026.

Silver has not only benefited from safe-haven investor demand and strong industrial demand, but also tight supply. However, the firm notes that the ongoing supply deficit for silver is expected to fall from 143.6 million ounces in 2024 to 63.4 million ounces in 2025. That figure is expected to shrink further to 30.5 million ounces in 2026.

Nevertheless, the silver market remains in a supply deficit at a time when demand is strong.

“We therefore remain bullish towards silver for the rest of this year and 2026,” note the report’s authors, who expect silver to continue outperforming gold at least in the first half of the new year.

In response, the gold-silver ratio has the potential to continue falling in 2026. However, Metals Focus believes the market will see this trend reverse in the back half of the year as silver loses some steam.

Gold-silver ratio.

Chart via Metals Focus, Bloomberg.

Investor takeaway

Overall, Metal Focus is confident the precious metals bull market will continue for the rest of 2025 and into 2026.

Gold especially is benefiting from its safe-haven status at a time of heightened macroeconomic and geopolitical uncertainty. Silver is tracking its ascent and also seeing tight aboveground supply and sustained industrial demand.

For those who think they’ve missed out on the gains to be made in this latest precious metals bull cycle, there’s still plenty of upside to be had in the gold and silver markets in Q4 and heading into 2026.

Securities Disclosure: I, Melissa Pistilli, currently hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Walker Lane Resources Ltd. Announces An Aeromagnetic and Radiometric Airborne Survey will be Completed on its Tule Canyon Project, Walker Lane Gold Trend, Nevada

TSX-V: WLR

Frankfurt: 6YL

 Walker Lane Resources Ltd. (TSXV: WLR,OTC:CMCXF) (Frankfurt: 6YL); ‘Walker Lane’) is pleased to announce that Precision Geosurveys Inc. has been contracted to complete an airborne total magnetic field and radiometric survey on its Tule canyon Project located in the prolific Walker Lane Gold Trend.

Precision Geosurveys Inc. of Reno, NV and Langley, BC will commence the airborne survey in the next few days following completion of ongoing surveys by Precision in the Tonopah area of west central Nevada. A total of 212 line-kilometers will be flown along lines spaced 100 meters apart, 30 meters above ground level. The results are anticipated to be useful in mapping the complex altered volcanic stratigraphy present on the property and to contribute information that will further pinpoint proposed drill targets on the property.

Mr. Kevin Brewer, P.Geo President and CEO of Walker Lane Resources Ltd. noted that ‘We are very excited to be commencing exploration at the Tule Canyon project. We thank Silver Range Resources for helping to coordinate this work. Their efforts are testimony to our shared belief that Tule Canyon holds significant promise. We look forward to soon being able to confirm a drilling program for this project in the near future.’

About the Tule Canyon Property

The Tule Canyon Property sits astride a prominent deflection in the regional magnetic field associated with the underlying Sylvania Pluton. High grade gold and silver mineralization in the district is localized along this feature. The principal objectives of the survey will be to accurately map this deflection and to locate second order anomalies which may be associated with structurally controlled precious metal mineralization.

The Tule Canyon Property is 95 km south of Tonopah and 80 km northwest of Beatty near the Nevada–California border. Mineralization on the property occurs along a 5-kilometre-long trend coincident with a major structural inflection in the Sylvania Pluton mapped by regional aeromagnetic surveys. Gold and silver mineralization is hosted in numerous quartz veins with mesothermal textures. Precious metals are associated with hematite, pyrite, yellow plumbo-jarosite or similar lead oxides, rare galena and copper oxides. The western end of the trend covering the Ingall’s Vein and the China Doll zones are silver-dominant with mineralization returning up to 4,320 g/t Ag and up to 31.8 g/t Au. The eastern end of the trend is gold-dominant with assays up to 37.3 g/t Au at surface and 27.6 g/t Au underground. Silver assays from material collected in this eastern area range up to 183 g/t Ag.

Mining in Tule Canyon dates from prior to 1848 when Mexican placer miners first began work in the area. Hard rock mining on the property dates from the 1890’s at the Dark Secret Mine. Mining at the nearby Eastside Mine and the Ingalls Vein occurred during the late 1900’s with a small heap leach operation constructed at the latter property.

A small open pit mining operated at the Dark Secret Mine during the 1980’s and reportedly shipped material to Goldfield for processing. In the pit, coalescing veins appear to form a bulk tonnage target. A chip-trench sample across the bottom of the pit returned 40 m @ 0.469 g/t Au including 20 m @ 0.695 g/t Au. Grab samples of vein material in the pit returned up to 14.1 g/t Au. Despite the past history of mining and high-grade surface mineralization on the property, there is little evidence of modern exploration activity and no known drilling.

A video presentation describing results to date at Tule Canyon is available on Silver Range’s website at www.silverrangeresources.com and further information is also available on the Company website at www.walkerlaneresources.com.

Note: Technical information in this news release has been approved by Kevin Brewer, P.Geo who relied on information provided to him by Silver Range Resources Ltd. and information in the public domain. Historical information cited in this news release was obtained from Nevada Bureau of Mines and Geology district files and from historical publications. Investors should be cautioned that this information has not been independently verified by the Company.

About Walker Lane Resources Ltd.

Walker Lane Resources Ltd. is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. and other property assets in Yukon. The Company intends to initiate an aggressive exploration program to advance the Tule Canyon (Walker Lane, Nevada) and Amy (Rancheria Silver District, B.C.) projects through drilling programs with the aim of achieving resource definition in the near future.

On behalf of the Board:
‘Kevin Brewer’
Kevin Brewer, President, CEO and Director
Walker Lane Resources Ltd.

Cautionary and Forward Looking Statements

This press release and related figures, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘anticipate’, ‘plans’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘should’, ‘believe’ ‘targeted’, ‘can’, ‘anticipates’, ‘intends’, ‘likely’, ‘should’, ‘could’ or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its properties including Silverknife and Amy properties in British Columbia, the Silver Hart, Blue Heaven and Logjam properties in Yukon all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. (OTC-US: NBRI) and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remain subject to the condition of the option of the Silverknife property with Coeur Mining Inc. (TSX:CDE). These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company’s properties is reliable; the Company’s operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company’s properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company’s current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate.

Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company’s public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company’s control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company.

The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes ‘future-oriented financial information’ or ‘financial outlooks’ within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company’s actual financial position and results of operations may differ materially from management’s current expectations and, as a result, the Company’s revenue and expenses. The Company’s financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company’s accountants or auditors. The Company’s financial projections represent management’s estimates as of the dates indicated thereon.

SOURCE Walker Lane Resources Ltd

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2025/27/c4329.html

News Provided by Canada Newswire via QuoteMedia

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CHARBONE annonce le debut officiel des travaux de construction civil a Sorel-Tracy, conformement a l’echeancier annonce

(TheNewswire)

Brossard, Quebec TheNewswire – le 28 octobre 2025 CORPORATION CHARBONE (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (« CHARBONE » ou la « Société »), un producteur et distributeur nord-américain spécialisé dans l’hydrogène propre Ultra Haute Pureté (« UHP ») et les gaz industriels stratégiques, a le plaisir d’annoncer que les travaux de construction civil ont officiellement débuté hier, le 27 octobre 2025 sur le site de Sorel-Tracy, conformément à l’échéancier présenté dans le communiqué du 22 octobre dernier .

Ce jalon marque le lancement concret de la phase de construction du premier module de production d’hydrogène propre UHP de CHARBONE au Québec. Les travaux visent la préparation complète des infrastructures techniques et la mise en place des fondations nécessaires à la réinstallation des équipements principaux, dont la livraison avait été complétée avec succès plus tôt ce mois-ci.

« Nous sommes très fiers de voir le projet progresser exactement selon le plan établi , grâce à l’engagement exceptionnel de nos équipes et de nos partenaires , » a déclaré Dave B. Gagnon, PDG de CHARBONE . « Le début des travaux civils concrétise notre vision d’une production locale et décarbonée d’hydrogène propre UHP au Québec. Chaque étape franchie nous rapproche de la mise en service prévue en novembre et du déploiement de notre modèle modulaire . »


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À propos de CORPORATION CHARBONE

CHARBONE est une entreprise intégrée spécialisée dans l’hydrogène propre Ultra Haute Pureté (UHP) et la distribution stratégique de gaz industriels en Amérique du Nord et en Asie-Pacifique. Elle développe un réseau modulaire de production d’hydrogène vert tout en s’associant à des partenaires de l’industrie pour offrir de l’hélium et d’autres gaz spécialisés sans avoir à construire de nouvelles usines coûteuses. Cette stratégie disciplinée diversifie les revenus, réduit les risques et augmente sa flexibilité. Le groupe Charbone est coté en bourse en Amérique du Nord et en Europe sur la bourse de croissance TSX (TSXV: CH,OTC:CHHYF) ; sur les marchés OTC (OTCQB: CHHYF) ; et à la Bourse de Francfort (FSE: K47) . Pour plus d’informations, visiter www.charbone.com .

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l’inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l’adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

Pour contacter Corporation Charbone :

Téléphone bureau: +1 450 678 7171

Courriel: ir@charbone.com

Benoit Veilleux

Chef de la direction financière et secrétaire corporatif

Copyright (c) 2025 TheNewswire – All rights reserved.

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1911 Gold Strengthens Operations Leadership with Appointment of Éric Vinet as COO and Additional Senior Site Personnel

1911 Gold Corporation (‘1911 Gold’ or the ‘Company’) (TSXV: AUMB; OTCQB: AUMBF; FRA: 2KY) is pleased to announce the appointment of Éric Vinet as Chief Operating Officer (COO), effective December 1, 2025. The Company has also made several key site-level appointments to further strengthen its operations team, including Sam Bates (Mine Superintendent), David Towle (Mill Manager), and Dan Barrie (Director, Special Projects). These appointments reflect the Company’s strategic focus on building the operational leadership required to advance the 100%-owned and fully permitted True North Gold Project toward a planned restart of operations in 2027.

‘I am excited to welcome Éric Vinet to 1911 Gold as Chief Operating Officer,’ stated Shaun Henrichs, President & CEO. ‘Éric has already played a key role in shaping our technical and operational strategy through his current advisory work with the Company. His extensive experience in mine development, operational optimization, and risk management will be instrumental as we complete the Preliminary Economic Assessment and prepare for the trial mining program next year – important steps toward the restart of the True North Gold mine. Alongside other recent senior site-level appointments, Éric’s leadership further strengthens our capability to execute a safe, efficient, and successful restart of operations at True North.’

‘I look forward to joining 1911 Gold as it moves toward the restart of the True North gold mine,’ stated Éric Vinet. ‘The combination of a proven, high-grade gold system, a skilled operations team, and existing, permitted infrastructure creates an exceptional foundation for success. Having worked on similar underground operations throughout my career (and having spent the past year working alongside the 1911 Gold team as the project advanced), I see a tremendous opportunity to apply my technical and operational experience to safely and efficiently bring the mine back into production. I’m also eager to help evaluate other areas across the Rice Lake property that have strong potential to support additional near-term production.’

Éric Vinet, Chief Operating Officer

Mr. Vinet brings over 30 years of progressive technical and operational experience in the mining industry and has held several senior positions, including Senior Vice President (SVP) Operations at New Gold, where he was also General Manager at the Rainy River mine (2019-2020), repositioning the asset and reinitiating underground mining operations. Prior to this, Mr. Vinet served for several years as General Manager at Semafo Inc.’s gold operations in both Niger and Burkina Faso.

Prior to joining 1911 Gold, Mr. Vinet held key technical roles in several underground mining operations with production ranging from 800 to 4,800 tonnes per day. His experience includes the El Mochito Mine in Honduras with Breakwater Resources Ltd., the Nuestra Señora Mine in Sinaloa, Mexico with Scorpio Gold Corporation, and with African Barrick at the Bulyanhulu Mine in Tanzania. He also held progressively more senior positions at multiple underground operations in the Val-d’Or region, including the Louvicourt Mine, Sigma Mines, and the Kiena Gold and Copper Rand Mines in Chibougamau.

The breadth of this experience – spanning diverse mining methods, operational and capital budgeting, cost management, capital construction, contractor oversight, health and safety management, and the preparation of numerous technical studies – provides Mr. Vinet with a comprehensive and practical skill set that will greatly benefit the Company. He is a graduate of École Polytechnique de Montréal, earning his degree in Mining Engineering in 1989.

In connection with Mr. Vinet’s appointment as COO and under the terms of his current advisory agreement, he has been granted 800,000 options to purchase common shares of the Company, pursuant to the Company’s Long-Term Incentive Plan (the ‘LTIP’). Such options have an exercise price of $0.93 per common share and expire on October 28, 2030. The options vest as to one-third immediately and one-third after the first and second anniversaries of the date of grant. Mr. Vinet has also been granted 300,000 restricted share units (‘RSU’) under the LTIP, vesting one-third on December 1, 2025 and one-third after the first and second anniversaries of the effective date of his appointment.

Sam Bates, Mine Superintendent

Mr. Bates brings over 20 years of mining experience, primarily in the Red Lake gold camp, most recently serving as Mine Operations Superintendent at the Madsen Mine, where he oversaw underground development in support of the mine’s restart. His strong leadership and commitment to safety, combined with experience at operations such as McIlvenna Bay, Keno Hill, and Red Lake, further strengthen 1911 Gold’s site team.

David Towle, Mill Manager

Mr. Towle has over 40 years of milling and processing experience and was most recently Mill Manager at the Madsen Mine in Red Lake, where he managed mill commissioning and startup to achieve nameplate production. His extensive background in plant operations, commissioning, and leadership across multiple Canadian gold projects will be invaluable as 1911 Gold advances toward the restart of operations.

Dan Barrie, Director, Special Projects

Mr. Barrie brings over 30 years of experience in supply chain management, contract administration, and project execution across major Canadian mining projects. His proven expertise in procurement, logistics, and operational readiness will be instrumental as 1911 Gold strengthens its supply chain capabilities in support of long-term operational excellence.

About 1911 Gold Corporation

1911 Gold is a junior developer with a highly prospective, consolidated land package totaling more than 61,647 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, Canada. The Company also owns the True North mine and mill complex in Bissett, Manitoba. 1911 Gold believes its land package represents a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex.

In addition, the Company holds the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario, and remains focused on advancing organic growth while pursuing accretive acquisition opportunities across North America.

1911 Gold’s True North complex and the exploration land package are located within and among the First Nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks forward to maintaining open, cooperative, and respectful communications with all of our local communities and stakeholders to foster mutually beneficial working relationships. 

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or describes a ‘goal’, or variation of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved.

All forward-looking statements reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, predictions, projections, forecasts, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the completion of the Preliminary Economic Assessment, and the timing and results thereof, commencement of trail mining next year, and the potential re-start of mining operations in 2027, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

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.

SOURCE 1911 Gold Corporation

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Acquisition of Option to Buy Lepidico’s Interest in Karibib Lithium, Rubidium and Cesium Project in Namibia – Update

International Lithium Corp. (TSXV: ILC,OTC:ILHMF) (OTCQB: ILHMF) (FSE: IAH) (the ‘Company’ or ‘ILC’) is pleased to announce, further to its announcement on September 09, 2025, that on October 24, 2025 Lepidico met all the drawdown conditions for completion of its secured loan from ILC and that this has now been increased to the full amount of CAD$ 510,000. Of this loan amount CAD$420,000 earns interest at the rate of 10% p.a.

There were various conditions for the drawdown of the remaining loan, including a key condition now met that, by full drawdown, there would be no debt owed by Lepidico Mauritius or its subsidiaries to its ultimate Australian parent, Lepidico Ltd., which is in liquidation.

ILC now holds without any conditions an option from Lepidico (Canada) Inc. (‘Lepidico Canada’) to buy 100% of the shares of Lepidico (Mauritius) Ltd. (‘Lepidico Mauritius’) on a debt-free basis for consideration of CAD$975,000 plus certain payments in the future that are contingent on and linked to various possible receipts by Lepidico Canada. Lepidico Mauritius in turn owns 80% of Lepidico Chemicals Namibia (Pty) Ltd. (‘Lepidico Namibia’), which owns the Karibib Lithium, Rubidium and Cesium project in Namibia. The actual net amount payable by ILC on option exercise will be the difference between CAD$975,000 payable by ILC for the option exercise and the repayment to ILC of loan principal of CAD$510,000 plus interest accrued to the date of option exercise. The option has been granted until the later of November 30, 2025, and 30 days after the arbitration outcome is known (see below).

It is important to reiterate that there is a possibility that the option may not be exercised, especially if Lepidico Namibia encounters an adverse outcome in an arbitration dispute with the Chinese company Jiangxi Jinhui Lithium Co. Ltd., which involves claims and counterclaims. This arbitration in Singapore is now expected to conclude at any time from now until the end of 2025. Conversely, if the arbitration is resolved positively, ILC and Lepidico Canada have agreed that 30% of the net proceeds after legal and other costs will be retained by the part of the Lepidico group that ILC would be acquiring, with the remaining 70% paid to Lepidico Canada. The deal structure reflects ILC’s reluctance to assume the risk of a negative arbitration award arising from events that occurred seven years ago.

Assuming the transaction goes ahead with ILC exercising its option, the Company would leapfrog, by several years, the development stage of other projects it is interested in, including those in Zimbabwe and:

  • have one of the largest rubidium resources in Africa and (per our own research and also using Grok) the largest disclosed rubidium resource in Africa, as well as one of the most extensive rubidium resources in North America through ILC’s existing Raleigh Lake project in Ontario;
  • be well-positioned for an upswing in the lithium market; and
  • strengthen its stance as one of the leading global players in the rubidium market and a company with some of the most significant cesium interests of any non-Chinese company.

Lepidico’s ownership of Karibib resulted from its 2019 acquisition of TSXV-listed Desert Lion Energy in exchange for shares and other securities valued at that time at AUD$ 22.9 million (approximately CAD$20.7 million). Since acquiring the company in 2019, Lepidico has invested a further AUD$ 12.1 million (approximately CAD$ 10.9 million) in the Karibib project, excluding central group overheads, with a significant portion directed towards drilling, an environmental study and subsequently a Definitive Feasibility Study and a further Resource Estimate both under JORC standards.

The Karibib Project comprises two areas near Karibib, Namibia, with fully permitted mining licences known as Rubicon and Helikon (also in various reports spelled Helicon), along with an Exclusive Prospecting Licence EPL5439 for an adjacent area. Fuller details are as set out in our news release of September 9, 2025.

It is believed, based on published data, that as well as its significant lithium resource, the Karibib project contains the largest (or one of the two largest) rubidium resources of any project in Africa (the others being in Zimbabwe and Zambia). At the same time, the amount of cesium is smaller but nevertheless equal to about one year of global demand. For cesium Sinomine has historically been the largest producer in Africa, and has recently restarted cesium production at its Bikita project in Zimbabwe by extracting pollucite from petalite tailings. Sinomine is also known to have rubidium from the lepidolite at Bikita, but we are not aware of any resource estimate.

If the option is exercised, ILC would, subject to confirming the resource as its own resource (and not a historical resource as it is presently treating it) have the largest known or at least the largest disclosed rubidium resource in Africa. The Company also has extensive rubidium resources in North America through its Raleigh Lake project in Ontario. Please refer to the Company’s ‘The Raleigh Lake Project – NI 43-101 Technical Report PEA’ dated January 18, 2024 by ERM Consultants Canada Ltd. and the seven named QPs in the report.

John Wisbey, Chairman of ILC, stated: ‘This potential acquisition marks a significant advancement for ILC globally – particularly in Southern Africa. With this single transaction for a project that reached the Definitive Feasibility Study stage under JORC in 2020 and was upgraded in 2022, the Company would leapfrog, by several years, the development stage of other projects we are interested in, including those in Zimbabwe.’

‘Assuming the transaction goes ahead with ILC exercising its option, ILC will be well-positioned for an upswing in the lithium market, as well as strengthening its stance as one of the leading global players in the rubidium market and a company with some of the most significant cesium interests of any non-Chinese company.’

About International Lithium Corp.

International Lithium Corp. is a Critical Minerals exploration company with exploration activities in Ontario, Canada, with intentions to expand into Southern Africa. It has projects at various stages, ranging from Definitive Feasibility Study at Rubicon in Namibia (note that ILC currently has an option only and is treating this as historic information at this point and not a current resource for ILC) to Preliminary Economic Assessment at Raleigh Lake (as noted above) to Pre-Drilling at Wolf Ridge. The primary target metals in Canada are lithium, rubidium and copper. There are three projects (two in Ontario and one in Ireland) in which ILC has sold its share but where we stand to receive future payments from either a resource milestone being achieved or from a Net Smelter Royalty. In Namibia the Karibib project contains lithium, rubidium and cesium.

While the world’s politicians are currently divided on the future of the energy market’s historic dependence on oil and gas and on ‘Net Zero’, there is in any scenario an ever increasing and significant demand for electricity driven by AI and data centres, and by a likely unstoppable momentum towards electric vehicles and grid-scale electricity storage. All these contribute to rising demand for lithium and copper as well as other metals. Rubidium is also a valuable critical metal that is strategic for high-precision clocks and for space technology. We have seen the politically driven and increasingly urgent wish by the USA, Canada, EU and other major economies to safeguard their supplies of critical metals and to become more self-sufficient. Our Canadian and Southern African projects, which contain lithium, rubidium, cesium and copper, are strategic in that respect.

Our key mission for the next decade is to generate revenue for our shareholders from lithium and other battery metals, as well as rare metals, while also contributing to the creation of a greener, cleaner planet and less polluted cities.

This includes optimizing the value of our existing projects in Canada as well as finding, exploring and developing projects that have the potential to become world-class deposits. We have announced that we regard Southern Africa as a key strategic target market for ILC and, in addition to Namibia, we have applied for and hope to receive EPOs in Zimbabwe. We hope to make further announcements on the portfolio developments over the next few weeks and months.

The Company’s interests in various projects now consist of the following, and in addition, the Company continues to seek other opportunities:

Name Metal Location Stage Area in 
Hectares		 Current Ownership Percentage Future Ownership % if options exercised and/or residual interest Operator or 
JV Partner
Rubicon + 
Helikon + 
Exclusive Prospecting Licence		 Lithium
Rubidium
Cesium		 Karibib, 
Namibia		 2021 : Feasibility Study completed for Li, Rb and Cs 29,500 0 % 80% Lepidico; ILC if option exercised
Raleigh Lake Lithium
Rubidium		 Ontario Dec 2023 : PEA for Li completed Apr 2023 Maiden Resource Estimates for Li and Rb 32,900 100% 100% ILC
Firesteel Copper
Cobalt		 Ontario Aeromagnetics and Drilling started mid 2024 6,600 90% 90% ILC
Wolf Ridge Lithium Ontario Pre-Drilling 5,700 0% 100% ILC
Mavis Lake Lithium Ontario May 2023
Maiden Resource Estimate		 2,600 0% 0%
(carries an extra earn-in payment of AUD$ 0.75 million if resource targets met)		 Critical Resources Limited
Avalonia Lithium Ireland Drilling 29,200 0% 0%
2.0% Net Smelter Royalty		 GFL Intl Co Ltd. (owned by Ganfeng Lithium Group Co. Ltd)
Forgan/
Lucky Lakes 		Lithium Ontario Drilling 0% 0%
1.5% Net Smelter Royalty		 Power Minerals Limited

 

The Company’s primary strategic focus at this point is on the Raleigh Lake Project, comprising lithium and rubidium, and the Firesteel copper project in Canada, as well as obtaining EPOs and mineral claims in Zimbabwe. The Karibib projects in Namibia, including further development on the EPL there, will become a high focus if ILC exercises its option there.

The Raleigh Lake Project now encompasses 32,900 hectares (329 square kilometres) of mineral claims in Ontario and represents ILC’s most significant project in Canada. To date, drilling has occurred on less than 1,000 hectares of our claims. A Preliminary Economic Assessment was published for ILC’s lithium at Raleigh Lake in December 2023, with a detailed economic analysis of ILC’s separate rubidium resource still pending. Raleigh Lake is 100% owned by ILC, free from any encumbrances and royalties. The Raleigh Lake Project boasts excellent access to roads, rail, and utilities.

A continuing goal has been to remain a well-funded company to turn our aspirations into reality. Following the disposal of the Mariana project in Argentina in 2021, the Mavis Lake project in Canada in 2022, and the Avalonia project in 2025, ILC continues to achieve sufficient inward cash flow to be able to make progress with its exploration projects.

With the increasing demand for high-tech rechargeable batteries used in electric vehicles, electrical storage, and portable electronics, lithium has been designated ‘the new oil’ and is a key part of a green energy, sustainable economy. By positioning itself with projects that have significant resource potential and solid strategic partners, ILC aims to be one of the preferred lithium and rare metals resource developers for investors and to continue building value for its shareholders for the rest of the 2020s, the decade of battery metals.

On behalf of the Company,

John Wisbey
Chairman and CEO
www.internationallithium.ca

For further information concerning this news release, please contact +1 604-449-6520 or info@internationallithium.ca or ILC@yellowjerseypr.com.

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

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release or other releases contain certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the timing of completion of any offering and the amount to be raised, the likelihood or otherwise of the Company exercising its option on Lepidico Mauritius, the outcome of arbitration involving Lepidico Namibia, the effect of results of anticipated production rates, the timing and/or anticipated results of drilling on the Karibib or Raleigh Lake or Firesteel or Wolf Ridge projects, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or copper recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company’s projects, the Company’s budgeted expenditures, future plans for expansion in Southern Africa and planned exploration work on its projects, increased value of shareholder investments in the Company, the potential from the Company’s third party earn-out or royalty arrangements, the future demand for lithium, rubidium, cesium and copper, and assumptions about ethical behaviour by our joint venture partners or third party operators of projects or royalty partners. Such forward-looking information is based on assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled ‘Risks’ and ‘Forward-Looking Statements’ in the interim and annual Management’s Discussion and Analysis which are available at www.sedarplus.ca. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272194

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