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Trump-aligned legal group probes Biden-era organ transplant program over ethical concerns

A Trump-aligned legal group founded by White House aide Stephen Miller filed Freedom of Information Act requests Thursday targeting a Biden organ transplant program that critics warn could be open to abuse.

The requests from America First Legal went to the Department of Health and Human Services, the Centers for Medicare & Medicaid Services, and the Health Resources and Services Administration. At issue is the Increasing Organ Transplant Access Model, a six-year mandatory program finalized in December 2024 and set to take effect in July 2025, which aims to expand access to kidney transplants but has drawn criticism from Trump officials who warn it may be vulnerable to outside influence.

The model builds on earlier payment experiments, testing whether financial rewards and penalties can improve care and expand access for Medicare and Medicaid patients.

Trump officials and allies, including America First Legal, argue the system risks distortion by outside interests — a charge that prompted AFL’s FOIA requests as part of a broader investigation.

They cited in part recent findings from an HRSA-led probe published earlier this year. That investigation suggested third-party groups or for-profit organizations ‘may have unduly influenced the IOTA Model’— though their exact role or the extent they may have done so is unclear.

HHS Secretary Robert F. Kennedy Jr. also cited concerns from the study, which the department said in a statement ‘revealed clear negligence and disturbing practices’ by a large organ procurement organization in the U.S., prompting him to launch a new reform initiative.

In previewing the FOIA requests to Fox News Digital, AFL cited related concerns about patient safety, ethical misconduct, and discrimination in organ allocation, among other things.

The requests ask HHS, CMS and HRSA for a long list of information regarding the program and related correspondence — including emails, letters and memos between agency personnel and third-party representatives about the development or implementation of the IOTA Model. They also seek meeting records, agendas and summaries of discussions involving agency staff and outside officials.

The payment model will affect more than 100 U.S. transplant hospitals over six years, imposing mandatory financial incentives and penalties tied to a final performance score.

IOTA was touted as a way to help increase access to organ donors and transplants in the U.S. and help address the long waiting list of patients awaiting a transplant, which as of last fall stood at roughly 90,000 people.

Participating hospitals are evaluated for their performance in three key areas, according to CMS’s final rule, which took force in July, including the volume of kidney transplants, their matching efficiency, and post-transplant outcomes of their patients. But the role outside groups have played, including during the process of drafting the final rule, has prompted criticism and calls for additional scrutiny from Trump allies, including AFL. 

Self-interested third parties should play no role in shaping America’s organ transplant policy,’ AFL counsel Laura Stell told Fox News Digital in a statement previewing the FOIA requests and broader investigation.

‘Where monetary incentives and penalties come into play, there must be utmost certainty that CMS developed the program without influence from entities with improper motives.’

America First Legal, though not officially part of the Trump administration, was founded by longtime Trump adviser Stephen Miller after Trump’s first presidential term. 

Miller stepped down from AFL before rejoining the White House in 2025 as Trump’s deputy chief of staff. 

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‘There are 50 swamps’: State Freedom Caucus Network helps conservatives fight the ‘uniparty’

Andrew Roth, president of the State Freedom Caucus Network, helms an organization fighting to help conservatives win and wield control of state governments across the nation.

‘There is a swamp in all 50 states. There are 50 swamps,’ Roth told Fox News Digital during a Tuesday interview, noting that ‘liberal Republicans’ join with Democrats to expand government.

This ‘uniparty’ phenomenon exists in the U.S. Congress and in every state, Roth indicated, asserting that in red states many Democrats cannot win elections unless they don the Republican label.

‘They say they’re good on guns, and babies, and a few other things, but then they get in there, and they vote like liberals, growing government[.] ‘ Roth noted. 

He said that while the goal of state freedom caucuses is to slash taxes and government, the first step is exposing ‘deceitful lawmakers for who they are. And then once you can do that, then you can hopefully start getting good people elected and then cut the budget, cut taxes, cut spending,’ he explained.

So far, the organization boasts freedom caucuses in 13 of the 50 states, including Pennsylvania, Maryland, South Carolina, Georgia, Louisiana, Oklahoma, Illinois, Missouri, South Dakota, Wyoming, Montana, Arizona and Idaho – but deep red states like Texas and Florida are conspicuously absent from the list. 

Asked whether this is because there are not enough conservative legislators in those states to form a freedom caucus, Roth replied, ‘That’s absolutely correct,’ explaining, ‘In Texas I could probably say there’s only one or two House members, and in Florida I’m not even sure I can say two.’

There are ‘zero’ conservative state lawmakers in the Alabama, Tennessee and Mississippi state legislatures, he said.

‘This is a big, big problem’ he noted, ‘and I don’t think enough people realize how bad it is.’

Roth indicated that the organization provides a state director in each freedom caucus state – those directors help read legislation, offer vote recommendations, work with other groups, and help with organizing and strategizing, he explained.

Roth noted that Louisiana state Sen. Blake Miguez, a Republican who belongs to that state’s freedom caucus, is challenging incumbent GOP U.S. Sen. Bill Cassidy. 

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Stallion Uranium Completes First Tranche of Non-Brokered Private Placement and Announces Upsizing

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

Stallion Uranium Corp. (the ‘ Company ‘ or ‘ Stallion ‘) ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement of units and flow-through units (the ‘ Offering ‘). This closing consisted of 21,239,800 units of the Company (each a ‘ NFT Unit ‘) at a price of $0.20 per NFT Unit for aggregate gross proceeds of $4,247,960 and 1,315,000 flow-through units (each a ‘ FT Unit ‘) at a price of $0.20 per FT Unit for aggregate gross proceeds of $263,000.

Each FT Unit consists of one flow-through common share of the Company as defined in the Income Tax Act (Canada) (a ‘ FT Share ‘) and one FT Share purchase warrant (each a ‘ FT Warrant ‘). Each FT Warrant entities the holder to purchase one additional FT Share in the capital of the Company (a ‘ FT Warrant Share ‘) at a price of $0.26 per FT Warrant Share for a period of 60 months from the closing of the date of issuance.

Each NFT Unit consists of one non-flow-through common share in the capital of the Company (a ‘ NFT Share ‘) and one share purchase warrant (a ‘ NFT Warrant ‘). Each NFT Warrant entitles the holder to purchase one additional non-flow-through common share in the capital of the Company (a ‘ NFT Warrant Share ‘) at a price of $0.26 per NFT Warrant Share for a period of 60 months from the date of issuance.

The NFT Units and FT Units issued pursuant to the first tranche of the Offering are subject to a four-month hold period under applicable Canadian securities laws that expires on December 21, 2025.

In connection with the closing of the first tranche of the Offering, the Company issued an aggregate of 668,003 NFT Shares and 668,003 non-transferable NFT Share purchase warrants (the ‘ Finder’s Warrants ‘) to eligible arms’ length finders, DJ Sheehan Consulting Limited and Edward Marlow. Each Finder’s Warrant is exercisable into one NFT Share (a ‘ Finder’s Warrant Share ‘) at a price of $0.26 per Finder’s Warrant Share for a period of 60 months from the date of issuance. In connection with the first tranche of the Offering, the Company has paid cash finder’s fees totaling an aggregate of $173,976.67 to Accilent Capital Management Inc. and DJ Sheehan Consulting Limited.

Upsizing of the Offering:

Due to market demand, the Company has increased the size of the Offering from up to $12,000,000 to up to $15,000,000. The Company anticipates completing a second closing of the Offering on or before August 30, 2025.

The upsized Offering will consist of up to a combined aggregate of 75,000,000 FT Units and NFT Units for aggregate gross proceeds of up to $15,000,000. The Company anticipates that, upon completion of all tranches of the Offering, a new Control Person (as defined below), Mr. Matthew Mason (‘ Mr. Mason ‘), will be created though Mr. Mason’s anticipated purchase of 15,000,000 FT Units. Mr. Mason’s subscription is subject to obtaining requisite approval from the disinterested shareholders of the Company (as further described below) and the TSX Venture Exchange (the ‘ TSXV ‘).

The gross proceeds raised from the issuance of the FT Units will be used by the Company to incur exploration expenditures on the Company’s resource claims in the province of Saskatchewan and will constitute ‘Canadian exploration expenses’ as defined in the Income Tax Act (Canada). The net proceeds raised from the issuance of the NFT Units will be used by the Company for exploration and development activities of its Athabasca Basin properties and for working capital and general corporate purposes.

Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the TSXV. Policy 4.1 of the TSXV Corporate Finance Manual requires disinterested shareholder approval where a transaction creates a shareholder that holds or controls 20% or more of an issuer’s shares (a ‘ Control Person ‘). The Company anticipates that Mr. Mason’s purchase of FT Units under the Offering will create a new Control Person pursuant to Policy 4.1. To fulfil the requirements of Policy 4.1, the Company intends to seek approval of disinterested shareholders holding or controlling more than 50% of its common shares of the Company to approve the creation of the new Control Person by written consent resolution. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

Finder’s fees may be payable in connection with the completion of further tranches of the Offering in accordance with TSXV policies. In connection with the Offering, the Company has entered into an Advisory Agreement with Canaccord Genuity Corp. (the ‘ Advisor ‘), pursuant to which the Advisor shall provide financial advisory, consulting, and support services in connection with the Offering (the ‘ Advisory Services ‘). In consideration for the Advisory Services, subject to the approval of the TSXV, the Company will pay the Advisor a work fee equal to $150,000 (the ‘ Fee ‘). The Fee shall be payable in units at the terms matching those of the NFT Units in the Offering. The Fee Units and the underlying securities issued to the Advisor will be subject to a four month and one day hold period in accordance with Canadian securities laws.

Insiders of the Company will participate in the Offering. Any such participation will be considered a ‘related party transaction’ as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘). The Offering is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of any securities issued to such insiders nor the consideration that will be paid by such persons will exceed 25% of the Company’s market capitalization.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Stallion Uranium Corp.:

Stallion Uranium is working to ‘Fuel the Future with Uranium’ through the exploration of roughly 1,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.

Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. For more information visit stallionuranium.com .

On Behalf of the Board of Stallion Uranium Corp.:

Matthew Schwab
CEO and Director

Corporate Office:
700 – 838 West Hastings Street,
Vancouver, British Columbia,
V6C 0A6

T: 604-551-2360
info@stallionuranium.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.

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, ‘forward-looking statements’) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ‘will likely result’, ‘are expected to’, ‘expects’, ‘will continue’, ‘is anticipated’, ‘anticipates’, ‘believes’, ‘estimated’, ‘intends’, ‘plans’, ‘forecast’, ‘projection’, ‘strategy’, ‘objective’ and ‘outlook’) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.

Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement .

News Provided by GlobeNewswire via QuoteMedia

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West High YieldResources Ltd. Welcomes Final EAO Decision on Record Ridge Magnesium Project

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the ‘Company’ or ‘West High Yield’) is very pleased to announce that the British Columbia Environmental Assessment Office (the ‘EAO ‘) has issued its Final Designation Decision confirming that the Company’s Record Ridge Industrial Minerals Project (the ‘Project’), near Rossland, British Columbia, will not be designated as a reviewable project under Section 11 of the Environmental Assessment Act (2018) (British Columbia) (the ‘Act’).

The EAO reviewed applications submitted under Section 11 of the Act and concluded that the Project’s potential effects are being appropriately addressed through existing regulatory processes, including the Mines Act (British Columbia) and the Environmental Management Act (British Columbia). The EAO’s Final Designation Report and Reasons for Decision are publicly available on the EAO’s Project Information Centre: EAO EPIC – Record Ridge Project Documents.

This Final Designation Decision follows the EAO’s earlier draft designation report, which reached the same conclusion. West High Yield previously issued a press release on May 28, 2025, welcoming the draft designation report ‘s findings: Read here.

‘We are pleased that the Environmental Assessment Office respected the opinion of the Osoyoos Indian Band and has allowed the Project to proceed,’ said Chief Clarence Louie of the Osoyoos Indian Band. ‘We look forward to working with the leadership of West High Yield to ensure this Project is of the highest standards in keeping with the traditions and expectations of our people.’

‘We are extremely pleased with the EAO’s Final Designation Decision, which validates the rigorous review our Project has already undergone through the Mine Development Review Committee process led by the British Columbia Ministry of Mining and Critical Minerals,’ said the Company’s President and CEO, Frank Marasco Jr. ‘This outcome provides the clarity and certainty we need to advance toward final permitting and development of the Project. We remain committed to building a sustainable operation that delivers critical minerals for Canada while protecting the environment and creating lasting benefits for local communities and Indigenous partners.’

The Project is a unique Canadian source of critical minerals, with a focus on magnesia (MgO) and silica (SiO2) products, both recognized as strategic and essential to the clean energy transition and a low-carbon economy. The Project has been reviewed by the British Columbia Mine Development Review Committee with input from provincial agencies, Indigenous Nations, and local governments, and has already advanced to the draft Mines Act (British Columbia) permit stage.

West High Yield remains committed to working in close collaboration with Indigenous partners, regulators, and stakeholders to ensure the responsible development of the Project as it advances toward final permitting.

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its world-class Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101‘) Preliminary Economic Assessment technical report (titled ‘Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada’) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

Qualified Person

Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

Contact Information:

West High Yield (W.H.Y.) RESOURCES LTD.

Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488
Email: frank@whyresources.com

Barry Baim, Corporate Secretary
Telephone: (403) 829-2246
Email: barry@whyresources.com

Cautionary Note Regarding Forward-looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263234

News Provided by Newsfile via QuoteMedia

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Morocco, Emmerson Advance Toward US$2.2 Billion Arbitration Over Halted Potash Project

Morocco has appointed its arbitrator in its ongoing legal battle with British miner Emmerson (LSE:EML,OTC Pink:EMMRF) under the International Center for Settlement of Investment Disputes (ICSID) in relation to the halted Khemisset potash project.

The ICSID confirmed on August 15 that Morocco nominated Professor Zachary Douglas KC, an international law scholar with Australian and Swiss nationality, as its representative on the tribunal.

Meanwhile, Emmerson had earlier selected Stanimir A. Alexandrov, a Bulgarian national and veteran of investor-state disputes, whose appointment was registered on August 5.

At the heart of the dispute is Emmerson’s Khemisset potash project, located about 90 kilometers northeast of Rabat.

The deposit, with estimated resources of 311 million tons at an average grade of 10.2 percent potassium oxide, was expected to produce more than 700,000 tons of potash annually over a 19-year mine life.

Emmerson promoted the project as one of the lowest-capital-cost developments globally and a potential anchor for Morocco in the international fertilizer market.

However, this vision unraveled when the Regional Unified Investment Commission (CRUI) issued an unfavorable environmental and social impact assessment. The commission concluded that the project’s projected water consumption could not be reconciled with local resources, effectively halting the development.

Emmerson called the rejection an unlawful interference with its rights under the 1990 Morocco–United Kingdom bilateral investment treaty, which came into force in 2002.

In May, the company filed a formal request for arbitration at ICSID, alleging that Morocco’s actions amounted to expropriation and a violation of investor protections.

The miner is now seeking compensation it values at US$2.2 billion — equivalent to the project’s assessed worth.

The London-based firm has also highlighted backing from a group of investors with prior arbitration experience, including involvement in GreenX’s (ASX:GRX,LSE:GRX) case against Poland.

Morocco, for its part, has appointed prominent attorney Hicham Naciri as its counsel. With both parties’ nominees now in place, the three-member tribunal requires only a jointly accepted president before hearings can begin.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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Pinnacle Silver and Gold

Investor Insight

Pinnacle Silver and Gold presents a compelling investment opportunity in the precious metals sector as it continues to advance its flagship high-grade El Potrero project in Mexico and its Red Lake, Ontario assets. The company’s proven business model focuses on rapidly reactivating past-producing mines to generate early cash flow, while simultaneously exploring for district-scale potential, offering a strong value proposition in a bullish gold-silver environment.

Overview

Focused on silver and gold projects in the Americas, Pinnacle is strategically placed to capitalize on the growing demand for these valuable resources. Its core projects include the high-grade El Potrero gold-silver project in Mexico, and the Argosy gold mine and North Birch gold project in Ontario’s Red Lake District – each offering near-term development potential and strong exploration upside.

Pinnacle’s current flagship project, El Potrero, is located within the Sierra Madre Gold Silver Trend.

The company’s investment appeal stems from several key factors:

  • A robust pipeline of projects at various stages of exploration and development
  • Strategic focus on high-potential areas in North and South America
  • Effective capital management practices
  • Aggressive expansion strategy through strategic acquisitions

The company’s business strategy involves the acquisition of past-producing mines that can be put back into production quickly to generate cash flow. By focusing on high-grade, underground mines, Pinnacle can leverage low capex, a smaller operational footprint, easier and faster permitting process and protection against metal price volatility. At the same time, the company conducts brownfield exploration for resource expansion, increasing its potential for district-scale discovery.

Pinnacle’s emphasis on creating shareholder value is evident in its approach to project selection and development. The company’s portfolio is carefully curated to balance near-term production potential with long-term growth prospects, offering investors exposure to both immediate returns and future upside.

Company Highlights

  • Pinnacle Silver and Gold is a Canada-based exploration and development company dedicated to building long-term shareholder value with its silver- and gold-focused assets in North and South America.
  • The company’s flagship El Potrero gold-silver project, located in Mexico’s Sierra Madre Belt, has returned exceptional underground sample grades up to 85.1 grams per ton (g/t) gold and 520 g/t silver, with exploration potential across a 1.6 km strike length.
  • The 100-percent-owned Argosy gold mine and North Birch project are located in the Red Lake District in Northwestern Ontario, a region famous for gold production and high-grade underground mines.
  • The company’s strategy is to generate near-term production from past-producing assets while growing its resource base through modern, brownfields exploration.
  • Pinnacle is led by a highly experienced management team with a successful track record in advancing exploration-stage assets through to production.

Key Projects

El Potrero Gold-Silver Project

El Potrero is a high-grade, past-producing gold-silver project located in the prolific Sierra Madre Belt in Mexico, within 35 km of four operating mines, including Fresnillo’s 4,000 tpd Ciénega Mine. The project comprises two concession blocks totaling 1,074 hectares, which include the historic mines and a 100 tpd on-site processing plant.

Recent Developments (as of July 2025):

  • Geological interpretation highlights a significant quartz-feldspar porphyry dyke as a structural control on gold-silver mineralization.
  • The Dos de Mayo vein system has been mapped over 1.6 km with trench and underground samples showing high-grade mineralization, including 13.2 g/t gold and 2,280 g/t silver from surface grab samples.
  • Work is underway to design an underground and surface drill program to define continuity and guide future mine development.
  • A site inspection of the 100 tpd plant confirmed that the base infrastructure is sound. Refurbishment of key equipment (crusher, mill, Merrill Crowe circuit) is being planned.
  • Permitting efforts are progressing efficiently, aided by the site’s historical disturbance. Baseline studies and formal permitting proposals are underway.

Pinnacle can earn an initial 50 percent interest upon production and increase its ownership of El Potrero to 100 percent subject to a 2 percent NSR, primarily through cash flow-funded payments, offering a low-dilution path to full ownership.

Argosy Gold Mine

Located within the Birch-Uchi Greenstone Belt in Ontario’s Red Lake District, and approximately 10 km from First Mining’s Springpole deposit, the Argosy gold mine produced 101,875 ounces at 12.7 g/t gold from 1931 to 1952. Pinnacle owns 100 percent of the project, subject to a 2.5 percent NSR.

Exploration Highlights:

  • Past drilling intersected high-grade mineralization, including:
    • 14.67 g/t gold over 1.7 m (No. 3 Vein)
    • 12.02 g/t gold over 1.29 m (No. 8 Vein)
    • 11.75 g/t gold over 1.55 m (No. 2 Vein)
  • The project offers strong depth potential, with 2002–2004 drilling intersecting multiple new veins and gold mineralization extending to 400 m vertical depth.

North Birch Gold Project

Located 4 km from the Argosy Mine, North Birch is a 3,850-hectare grassroots project with major upside. The property lies in an underexplored section of the Birch-Uchi Belt and covers a folded and sheared iron formation, interpreted as analogous to Newmont’s Musselwhite Mine.

Exploration Work:

  • LiDAR surveys and IP geophysics have revealed 8+ km of structural breaks with multiple drill targets.
  • 2022 drilling intersected anomalous gold and copper mineralization within structurally deformed and altered iron formations, confirming the favorable structural setting

Management Team

Robert Archer – President, CEO and Director

Robert Archer has more than 40 years’ experience in the mining industry, working throughout the Americas. After spending more than 15 years with major mining companies, Archer held several senior management positions in the junior mining sector and co-founded Great Panther Mining, a mid-tier precious metals producer, where he served as president and CEO from 2004 to 2017 and director until 2020. He joined Pinnacle as a director in March 2018 followed by his appointment as CEO in January 2019 and president in October 2021. Archer is a professional geologist and holds an Honours BSc from Laurentian University in Sudbury, Ontario.

David Cross – CFO

David Cross is a CPA and CGA with over 21 years’ experience in the junior sector with a focus on finance and corporate governance. He is currently a partner of Cross Davis and Company LLP Chartered Professional Accountant, which specializes in accounting and management services for private and publicly listed companies within the mining industry, and has recently been appointed CFO of Ashburton Ventures.

Colin Jones – Independent Director

Colin Jones is principal consultant for Orimco Resource Investment Advisors in Perth, Australia. He has almost 40 years’ experience as a mining, exploration and consulting geologist in a number of different geological environments on all continents. He has managed large exploration and due diligence projects, and has undertaken numerous bankable technical audits, technical valuations, independent expert reports and due diligence studies worldwide, most of which were on behalf of major international resource financing institutions and banks. Jones holds a Bachelor of Science (Earth Sciences) degree from Massey University, NZ.

David Salari – Independent Director

David Salari has worldwide experience in the design, construction and operation of extractive metallurgical plants. He is an engineer with more than 35 years of experience in the mining and mineral processing field. He is currently the president and CEO of DENM Engineering.

Ron Schmitz – Independent Director

Ron Schmitz is the principal and president of ASI Accounting Services, providing administrative, accounting and office services to public and private companies since July 1995. Schmitz has served as a director and/or chief financial officer of various public companies since 1997, and currently holds these positions with various public and private companies.

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Osisko Metals Announces Uplisting to Toronto Stock Exchange

Osisko Metals Incorporated (the ‘ Company ‘ or ‘ Osisko Metals ‘) (TSX: OM; OTCQX: OMZNF; FRANKFURT: OB51) is pleased to announce that it will be uplisting to the Toronto Stock Exchange (the ‘ TSX ‘) effective at market open on Friday, August 22, 2025. The common shares of the Company (the ‘ Common Shares ‘) will continue to trade under its current stock symbol, ‘OM’, following the uplisting from the TSX Venture Exchange (the ‘ TSXV ‘) to the TSX.

Following the uplisting to the TSX, the Common Shares will no longer trade on the TSXV and will be voluntarily delisted from the TSXV, effective as of close of market on Thursday, August 21, 2025. Shareholders are not required to exchange their direct registration system advices or share certificates, or take any other action in connection with the TSX uplisting.

The Company will remain a ‘reporting issuer’ under applicable Canadian securities laws through the listing transition process from the TSXV to the TSX. The Common Shares will continue to be listed on the OTCQX Best Market under the symbol ‘OMZNF’ and the Frankfurt Stock Exchange under the symbol ‘OB51’.

Graduating to the TSX represents a significant milestone that is expected to enhance the Company’s visibility and improve access to a broader investor base.

John Burzynski, Executive Chair of Osisko Metals, commented: ‘Graduating to the TSX is a natural evolution to our continued growth following our significant capital raise and management transition to Osisko Metals in December 2024, and the continued overwhelmingly positive results of our new drilling program. The Gaspé Copper Project has large-scale potential, and I believe we have only scratched the surface. Aligning with our business plan, this listing is set to enhance our visibility in the capital markets, enabling us to continue to attract significant institutional and retail investors to our story as the Gaspé Copper Project advances.’

About Osisko Metals

Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec ‘ s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt grading 0.34% CuEq and Inferred Mineral Resources of 670 Mt grading 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals’ November 14, 2024 news release entitled ‘ Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper ‘. Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.

In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada ‘ s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt at 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt at 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals’ June 25, 2024 news release entitled ‘Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq’ . The Pine Point project is located on the south shore of Great Slave Lake, Northwest Territories, close to infrastructure, with paved road access, an electrical substation and 100 kilometers of viable haul roads.

For further information on this news release, visit www.osiskometals.com or contact:

Robert Wares, Chief Executive Officer of Osisko Metals Incorporated
Email: info@osiskometals.com

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘potential’, ‘feasibility’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the anticipated resource expansion of the Gaspé Copper system; Gaspé Copper hosting the largest undeveloped copper resource in eastern North America; and the advancement of the Pine Point project.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.ca) under Osisko Metals’ issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

News Provided by GlobeNewswire via QuoteMedia

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Providence Gold Mines Inc. Options La Dama de Oro Gold Property

Providence Gold Mines Inc. (“Providence” or the “Company”) announces that subject to Regulatory approval it has entered an option agreement to acquire the “La Dama de Oro Gold Property”. The property is a historical gold mine 100% owned by the Optionor, (” Mohave Gold Mining”), a private Company incorporated under the laws of the state of California.

Providence recently commissioned Ethos Geological Inc. of Bozeman MT to complete an NI 43 101 technical report, authored by Zachary Black, SME-RM acting as the Qualified Person under NI 43 101. The NI 43 101 technical report has been submitted for Exchange review and approval. A cautionary note: The property is at an early exploration stage and does not have sufficient data for a mineral resource.

The La Dama de Oro Property is situated in the Silver Mountain Mining District, within the structurally complex Eastern California Shear Zone and the intersection with the San Andreas Fault Zone. Bedrock geology includes Mesozoic quartz monzonite that intrudes the Jurassic Sidewinder Volcanics. The structural history of the region implies a sequence of compressional and extensional events that reactivated favorably oriented zones of weakness for the circulation of hydrothermal fluids. The main zone of mineralization is hosted by the La Dama de Oro Fault, a shallow northeast-dipping oblique-slip fault.

The mineralization at the property is classified as a structurally controlled, low-sulfidation epithermal gold-silver vein system. Gold and silver mineralization is associated with multi-phase quartz veining, brecciation, and pervasive hydrothermal alteration along the La Dama de Oro Fault. The largest known vein is 4.5 feet at its widest point and remains open to exploration, with the potential for additional undiscovered veins along the fault system. The property has an approved exploration permit that includes a bulk sample.

The Option entitles the Company the right to purchase 100% of the La Dama de Oro Gold Property under the following terms:

YEAR 1

Within 15 days of Regulatory approval the Company shall issue 2,000,000 common shares from treasury and incur $20,000 in expenditures within 12 months of the effective date.

YEAR 2

The Company shall issue an additional 2,000,000 common shares from treasury and incur $250,000 in expenditures before the second-year anniversary of the effective date

YEAR 3

The Company shall issue an additional 500,000 common shares from treasury and incur a further $250,000 in expenditures before the third-year anniversary date of the effective date

YEAR 4

The Company shall incur an additional $250,000 expenditures before the fourth-year anniversary of the effective date

Ronald A. Coombes, President & CEO of Providence commented; “The best place to explore for gold is where gold is, with the rich historical history of past gold production at the La Dama de Oro mine there remains very good discovery potential”.

The scientific and technical information contained in this news release has been reviewed and approved by Zachary Black, SME-RM, a Qualified Person as defined under NI 43-101. Mr. Black is a consultant and is independent of Providence Gold Mines Inc.

For more information, please contact Ronald Coombes, President, and CEO of the Company.

Ronald A. Coombes, President & CE

Phone: 604 724 2369

roombes@providencegold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

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

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statement.

Source

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ESGold Pens Colombia Tailings Project Deal as Global Reprocessing Grows

ESGold (CSE:ESAU,OTCQB:ESAUF) has signed a binding memorandum of understanding with Colombian firm Planta Magdalena to form a 50/50 joint venture on a fully permitted gold- and silver-bearing tailings project.

Under the agreement, ESGold will invest C$1.5 million for its stake and will retain a first right of refusal to acquire the remaining 50 percent interest from Planta Magdalena within 12 months.

The project is designed to replicate ESGold’s Montauban model in Québec, which focuses on generating cashflow by reprocessing legacy tailings, while providing environmental remediation.

Preliminary due diligence sampling of 27 tailings collected from the project, located in Colombia’s Bolívar department, returned encouraging results, including assays of 42.7 grams per metric ton (g/t) gold and 280 g/t silver.

Several samples exceeded 5 g/t gold and 190 g/t silver, highlighting the potential for high-grade recovery.

Bulk concentrate tests are underway, with final verification to be completed at Actlabs in Québec.

Bolívar is one of Colombia’s most prolific gold regions, with artisanal miners processing an estimated 300,000 metric tons of ore annually. ESGold, a self-described scalable clean mining and exploration innovation company, plans to apply modern, mercury-free recovery methods to improve yields while addressing environmental concerns.

“The region still processes hundreds of thousands of metric tons of ore annually, yet much of it is handled using rudimentary mercury amalgamation methods that leave behind a substantial amount of gold and silver in the tailings,” said Gordon Robb, CEO of ESGold. “This creates an immense opportunity for ESGold to apply modern, environmentally responsible recovery technology that can significantly improve yields while remediating legacy mine sites.”

Pending completion of technical and legal due diligence, ESGold aims to fast track the project toward production in 2026, establishing a second high-margin operation alongside Montauban.

Green revenue stream

It is estimated that there are 8,500 tailings facilities around the globe, holding more than 217 billion cubic meters of mine ‘waste.’ In an effort to reduce the amount of stored tailings and their environmental impact, tailings reprocessing is emerging as both an economic and sustainable revenue stream.

By extracting valuable residual metals, such as gold, copper and critical minerals, from legacy waste, companies can generate revenue while reducing the environmental footprint of tailings facilities.

The approach also aligns with sustainability goals, as it mitigates risks like tailings dam failures and restores degraded sites, turning longstanding liabilities into productive assets

Globally, the growing recognition of untapped value in tailings has spurred renewed interest and investment, with major miners — like Vale (NYSE:VALE) — and governments prioritizing tailings projects as part of circular mining strategies and critical minerals security.

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

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Glencore Pursues Argentina Incentives for US$13.5 Billion Copper Projects

Commodities giant Glencore (LSE:GLEN,OTC Pink:GLCNF) has submitted applications to place two of its flagship copper projects in Argentina under a new investment regime.

The Switzerland-based firm is seeking to include the El Pachón deposit in San Juan and the Agua Rica deposit in Catamarca under Argentina’s recently introduced Incentive Regime for Large Investments (RIGI).

Together, the two projects represent a planned capital investment of about US$13.5 billion over the next decade — US$9.5 billion for El Pachón and US$4 billion for Agua Rica.

Both sites would benefit from a long-term economic framework with enhanced investor protections under the RIGI program, which the administration of President Javier Milei launched this year to attract foreign investment.

“President Milei and his administration must be credited for introducing the RIGI. This framework has changed the investment landscape in Argentina, providing a key catalyst to attract major foreign investment to the country,” Glencore CEO Gary Nagle said in the company’s announcement on Monday (August 18).

“The RIGI provides a key platform for the development of Argentina’s significant natural resource endowment,’ added Martín Pérez de Solay, CEO of Glencore Argentina.

‘I am confident that the mining sector can be a major contributor to the Argentinian economy with the El Pachón and Agua Rica projects supporting the country’s ambition to become one of the world’s leading copper producers.”

El Pachón is a large-scale copper and molybdenum deposit with estimated resources of about 6 billion metric tons (MT) of ore averaging 0.43 percent copper, 2.2 grams per MT silver and 130 grams per MT molybdenum.

For its part, Agua Rica hosts roughly 1.2 billion MT of ore with average grades of 0.47 percent copper, 0.2 grams per MT gold, 3.4 grams per MT silver and 0.03 percent molybdenum. Ore from Agua Rica would be processed at the existing Alumbrera facilities, located 35 kilometers away, through the MARA project framework.

The scale of Glencore’s expansion comes amid a broader strategic race among western producers to secure supplies of critical minerals needed for clean energy technologies, electric vehicles and defense applications. Copper in particular is considered vital to global electrification, and analysts warn that rising demand could soon outstrip supply.

US enforcement shift on Chinese metals

On Tuesday (August 19), the US Department of Homeland Security announced that imports of Chinese steel, copper and lithium will be targeted for “high-priority enforcement” under the Uyghur Forced Labor Prevention Act, a law restricting goods linked to alleged human rights abuses in China’s Xinjiang region.

“The use of slave labor is repulsive and we will hold Chinese companies accountable for abuses and eliminate threats its forced labor practices pose to our prosperity,” Homeland Security Secretary Kristi Noem said in a post on X.

US officials say the Xinjiang region hosts state-run internment camps where Uyghurs and other minority groups are subject to forced labor. Beijing has consistently denied the allegations, dismissing them as politically motivated.

The announcement expands Washington’s campaign to scrutinize goods with ties to Xinjiang, which has already affected solar panels, cotton and other commodities. The new focus on copper and lithium marks a significant escalation given both metals’ central role in renewable energy and battery production.

Global supply chains in flux

Together, Glencore’s Argentine projects and Washington’s enforcement measures highlight how critical minerals are becoming increasingly entangled with geopolitics.

China processes about 70 percent of the world’s rare earths and controls a major share of global copper and lithium refining capacity. Western governments are trying to diversify away from Chinese supply chains amid rising tensions.

Argentina, with its vast mineral reserves, has emerged as a key player in this strategy. The country is already a major producer of lithium and is positioning itself as a copper hub through projects like Glencore’s expansion.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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