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Fox News gets inside look at Gaza humanitarian situation as Israel weighs next steps

As the world discusses the reality of the humanitarian situation in Gaza, Fox News’ Bill Hemmer got a look inside a distribution site operated by the controversial U.S.- and Israel-backed Gaza Humanitarian Foundation (GHF).

Fox News was the first outlet to witness a newly established distribution center operated mostly by former U.S. forces who coordinate with the Israel Defense Forces (IDF). Hemmer said that the sites are not without their problems or controversy, but that the Americans working with GHF are proud of what they have accomplished.

In terms of the status of Gaza, Hemmer said that Rafah was clearly decimated by the IDF. The southern Gazan city is where Israel believes Hamas had its headquarters and where the terror group held hostages taken nearly two years ago, on Oct. 7, 2023. 

Israeli Prime Minister Benjamin Netanyahu appears to be considering a full occupation of Gaza. If Israel makes this move, it would be a complete reversal of its policy dating back to 2005 when it pulled out of the enclave. Hostages’ loved ones have expressed opposition to the plan out of fear that it would put those still held captive in even more danger.

Palestinians who spoke with Hemmer said they were hungry, and tired of the war and of Hamas.

Hemmer’s visit comes as the organization faces international condemnation and a call from the United Nations Human Rights Council (UNHRC) for its ‘immediate dismantling.’

‘Palestinians are paying the ultimate price of the international community’s legal, political and moral failure,’ a UNHRC statement read, citing the opinions of several U.N. experts. One such expert named in the statement is Special Rapporteur Francesca Albanese, who has been repeatedly condemned by multiple governments, including the U.S., the U.K. and France, for making antisemitic statements.

Albanese and the other experts also say that GHF is ‘an utterly disturbing example of how humanitarian relief can be exploited for covert military and geopolitical agendas in serious breach of international law.’

U.N. experts also claimed that Israeli forces and foreign military contractors indiscriminately fire at Palestinians seeking aid at GHF sites. However, GHF has consistently denied the use of force against civilians at its sites. On several occasions, the organization has sounded the alarm over threats emanating from Hamas against aid workers and seekers.

This aligns with a request GHF had for Fox News, which was to blur the faces of the Palestinians working with the organization out of fear of Hamas retribution.

GHF says it has distributed over ‘106 million meals efficiently and directly’ since May while pushing back on criticism and claims that its sites are dangerous. The organization insists that its goal is to feed Palestinians in need while bypassing Hamas, the terror group governing the war-torn enclave.

While Fox News was given an inside look at GHF, major questions remain. It is unclear how the organization is receiving funding and how much more they can expect in the future.

Recently, the U.N. released its monthly infographic on UN2720 Mechanism for Gaza. In June 2025, the U.N. reported that out of its 1,090 aid trucks, only 47 arrived at an ‘intended civilian destination inside Gaza.’ Meanwhile, the other 1,043 trucks were allegedly intercepted ‘either peacefully by hungry people or forcefully by armed actors’ in Gaza.

At the request of the U.N., Israel will let limited commercial goods enter the enclave, according to Fox News Chief Foreign Correspondent Trey Yingst. This strategy is apparently aimed at getting more goods into Gaza markets, allowing those in need of free aid to get to it first. 

This post appeared first on FOX NEWS

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9th ex-Biden aide appears before House Oversight investigators in autopen probe

Ex-White House deputy chief of staff Bruce Reed is sitting down with congressional investigators probing whether top Biden administration aides covered up signs of mental decline in the former president.

Reed arrived just before 10 a.m. on Tuesday, saying nothing to reporters on his way into the closed-door interview with staff on the House Oversight Committee.

The longtime Biden ally is the ninth former White House official to appear in the probe and the sixth to come in voluntarily — three others, ex-White House doctor Kevin O’Connor and former advisors Anthony Bernal and Annie Tomasini, were compelled via congressional subpoena.

House Oversight Committee Chair James Comer, R-Ky., is investigating whether former President Joe Biden’s inner circle covered up signs of mental decline, and whether that means autopen signatures were used for executive decisions without Biden’s full awareness. Of particular interest to investigators are the myriad clemency orders signed toward the end of Biden’s presidency.

But the former president and his allies have pushed back on any allegations of impropriety. Biden himself told The New York Times last month that he was behind every decision made on pardons and commutations.

Reed, like many of those who appeared before him, has a relationship with Biden going back over a decade.

He was chief of staff to the vice president under the Obama administration from January 2011 until December 2013. Reed’s tenure in that role was bookended by Ron Klain and Steve Ricchetti, respectively — both of whom have already spoken to House investigators on voluntary terms.

It’s not likely, however, that Reed’s testimony will provide any sort of smoking gun for investigators.

The Biden allies who have appeared voluntarily so far have all asserted they believed the ex-president was fully capable of being commander-in-chief, though some, like Klain, have conceded his memory got duller over time.

Others, like Ricchetti and ex-senior advisor Mike Donilon, suggested they believed Biden remained as sharp as ever and would have been for another four years, sources said previously.

In contrast, those who appeared under subpoena all pleaded the Fifth Amendment to avoid answering any substantive questions.

Reed was reportedly among the former aides dubbed as part of Biden’s ‘Politburo’ calling shots at the White House toward the end of his term, according to Axios reporter Alex Thompson and CNN host Jake Tapper, who wrote, ‘Original Sin: President Biden’s Decline, Its Cover-up, and His Disastrous Choice to Run Again.’

No lawmakers are expected to sit in for Reed’s transcribed interview; it’s common for such sit-downs to be staff-led by lawyers for both Democrats and Republicans on the committee.

It could go on for several hours, however. All the five transcribed interviews before Reed’s took at least four hours. Ricchetti’s notably went roughly eight hours.

This post appeared first on FOX NEWS

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Comer subpoenas the Clintons, Trump’s DOJ in House Oversight’s Epstein probe

The House Oversight Committee has subpoenaed former President Bill Clinton and former Secretary of State Hillary Clinton for testimony regarding Jeffrey Epstein, Fox News Digital has learned.

Committee Chair James Comer, R-Ky., sent a flurry of subpoenas related to Epstein on Tuesday morning, with the Clintons being just two of the people that House investigators are looking to hear from.

Comer also sent a subpoena to the Department of Justice (DOJ) for records related to Epstein’s case.

Others who are being compelled to appear are former FBI directors James Comey and Robert Mueller, as well as ex-Attorneys General Loretta Lynch, Eric Holder, William Barr, Jeff Sessions, and Alberto Gonzales.

A House Oversight Committee subcommittee panel voted to subpoena each of the individuals, as well as the DOJ, in two respective votes last month during an unrelated hearing.

It comes after Comer followed through on an earlier full committee vote to subpoena Ghislaine Maxwell, a close former Epstein associate who was sentenced to 20 years in prison ‘for her role in a scheme to sexually exploit and abuse multiple minor girls with Jeffrey Epstein over the course of a decade,’ according to a press release by the Southern District of New York.

Comer has agreed to delay Maxwell’s deposition until after the Supreme Court heard her petition to overturn the conviction, however.

The committee is giving the DOJ until Aug. 19 to turn in records related to Epstein’s case, Fox News Digital has learned. A DOJ spokesperson confirmed receipt of the subpoena but declined to comment further.

Hillary Clinton is being compelled to appear on Oct. 9, and Bill Clinton on Oct. 14, according to letters sent to both of them, respectively.

Barr and Sessions, who both served as attorneys general during Trump’s first term, were subpoenaed to appear Aug. 18 and Aug. 28, respectively.

Obama-era attorneys general Lynch and Holder are being compelled to appear on Sept. 19 and Sept. 30.

Former Biden attorney general Garland’s deposition date is scheduled for Oct. 2, Mueller is scheduled for Sept. 2, and Comey is scheduled for Oct. 7.

Gonzales, who served as attorney general under former President George W. Bush, is being compelled to appear Aug. 26.

It’s not immediately clear how much information the subpoenas will yield, or if those subpoenaed will cooperate with the House Oversight Committee at all.

The late pedophile Epstein committed suicide in 2019 while awaiting prosecution on federal sex trafficking charges. The GOP base has fractured over the current administration’s handling of the case, however.

The divisions stem from a DOJ memo released in July that said, ‘This systematic review revealed no incriminating ‘client list.’ There was also no credible evidence found that Epstein blackmailed prominent individuals as part of his actions. We did not uncover evidence that could predicate an investigation against uncharged third parties.’

Far-right figures like Steve Bannon and Laura Loomer have accused the DOJ of mishandling something that’s long been seen as a priority for Trump’s base.

President Donald Trump has stood by Attorney General Pam Bondi, however, and has directed her to release any ‘credible’ evidence related to Epstein in a bid to quell the infighting.

Bondi then had deputy attorney general Todd Blanche travel down to the Florida prison where Maxwell was kept until recently for a sit-down with her and her lawyer.

The DOJ has also pushed for the release of grand jury testimony related to Epstein and Maxwell’s cases.

Democrats, meanwhile, have seized on the discord with their own newfound calls for transparency related to Epstein’s case – prompting accusations of hypocrisy from the right.

‘Democrats have now seized on this as if they ever wanted transparency when it comes to Jeffrey Epstein, which is an asinine suggestion for any Democrat to make. The Democrats had control of this building, the White House, for four years, and they didn’t do a dang thing when it came to transparency in regards to Jeffrey Epstein and his heinous crimes,’ White House Press Secretary Karoline Leavitt said last month.

‘It was this president who directed the Department of Justice and the attorney general to do an exhaustive review of all files related to Jeffrey Epstein, which they did.’

This post appeared first on FOX NEWS

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OTCQB Venture Virtual Investor Conference Agenda Announced for August 7th

 

Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the OTCQB Venture Virtual Investor Conference to be held August 7 th .

 

Individual investors, institutional investors, advisors, and analysts are invited to attend.

  REGISTER HERE   

 

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations, or schedule 1×1 meetings with management.

 

‘Now in its seventh year, the OTCQB Venture Investor Conference has become the go-to platform for innovative early-stage companies to connect directly with investors,’ said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. ‘It offers a unique window into the momentum and vision driving the next generation of public companies.’

 

  August 7   th  

 

                                             

  Eastern  
Time (ET)  		   Presentation     Ticker(s)  
  9:30 AM ET   Sparc AI Inc.   (OTCQB: SPAIF | CSE: SPAI)  
  10:00 AM ET   Surge Copper. Corp   (OTCQB: SRGXF | TSXV: SURG)  
  10:30 AM ET   ReGen III Corp.   (OTCQB: ISRJF | TSXV: GIII)  
  11:00 AM ET    Silver47 Exploration Corp.   (OTCQB: AAGAF | TSXV: AGA,OTC:AAGAF)
  11:30 AM ET   Nature’s Miracle Holding Inc.   (OTCQB: NMHI)  
  12:00 PM ET   Zero Candida Technologies Inc.   (OTCQB: ZCTFF | TSXV: ZCT)  
  12:30 PM ET   Oncotelic Therapeutics, Inc.   (OTCQB: OTLC)  
  1:00 PM ET   Telo Genomics Corp.   (OTCQB: TDSGF | TSXV: TELO)  
  1:30 PM ET   Zomedica Corp.   (OTCQB: ZOMDF)  
  2:00 PM ET   Metaguest.AI Incorporated   (OTCQB: MGSTF | CSE: METG)  
  2:30 PM ET   Waste Energy Corp.   (OTCQB: WAST)  
  3:00 PM ET   CleanGo Innovations Inc.   (OTCQB: CLGOF | CSE: CGII)  
  3:30 PM ET   Sekur Private Data Ltd.   (OTCQB: SWISF | CSE: SKUR)  
  4:00 PM ET   CyberCatch Holdings, Inc.   (OTCQB: CYBHF | TSXV: CYBE)  

 

 
To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .

 

  About Virtual Investor Conferences   ®

 

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

 

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

 

  Media Contact:  
OTC Markets Group Inc. +1 (212) 896-4428,   media@otcmarkets.com   

 

  Virtual Investor Conferences Contact:  
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com  

 

   

 

 

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

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WGC: Surging Gold Prices Drive Record Q2 Investment Demand

Global gold demand rose to a record US$132 billion in the second quarter of 2025, driven by surging investor appetite and the highest average gold price ever recorded in a quarter, according to the latest Gold Demand Trends report from the World Gold Council (WGC).

While total demand by volume rose only 3 percent year-on-year to 1,249 metric tons, the WGC noted a 45 percent surge in value terms compared to Q2 2024, as prices soared to an average of US$3,280.35 per ounce.

According to WGC data, investment flows, particularly into gold-backed exchange-traded funds (ETFs) and physical bars and coins, were the primary force behind the increase.

ETFs and bar demand dominate, Central Bank buying slows despite demand

Overall investment demand climbed 78 percent year-on-year in Q2, led by ETF inflows totaling 170 metric tons. Combined with Q1’s 227 metric tons, this brings first-half ETF demand to 397 metric tons—the strongest six-month performance since the record-setting H1 2020.

Bar and coin demand also remained robust, particularly in China and Europe, where investors responded to the rising price and gold’s traditional role as a store of value. Retail investment in China even surpassed jewellery consumption for the quarter, a reversal from previous years.

The WGC also noted that continued interest from global High Net Worth investors and reports of healthy institutional demand contributed to 170 metric tons of OTC investment and stock changes in Q2.

On the other hand, central banks added 166 metric tons of gold to official reserves in Q2, a decline of 33 percent quarter-on-quarter but still 41 percent above the average quarterly level seen between 2010 and 2021.

Although the pace of accumulation has slowed, the WGC maintains a constructive outlook. Data from recent central bank surveys show that the intention to add gold over the coming year remains strong.

Jewellery sector contracts, technology use slips on trade uncertainty

In stark contrast to investment flows, jewellery demand fell sharply in volume terms during Q2, with global consumption declining to 341 metric tons, 30 percent below the five-year average and the lowest since Q3 2020.

The WGC found that almost all 31 countries tracked saw a year-on-year decline in jewellery demand, with Iran as the sole exception.China and India, which typically account for over half the global market, saw their combined share drop below 50 percent for only the third time in five years.

Nonetheless, in value terms, jewellery demand rose 21 percent year-on-year to US$36 billion, highlighting the price-volume divergence that has grown more pronounced in 2025.

As for technological applications, demand for gold fell 2 percent year-on-year to 79 metric tons in Q2, with the electronics sector accounting for most of the decline.

The WGC noted that trade tensions, particularly the extension of US tariff uncertainties through August, weighed heavily on East Asian manufacturing sentiment.

Despite the broader slowdown, gold used in AI-related technologies remained an area of strength, offering a partial buffer to the decline in electronics applications.

Mine production hits new Q2 record

On the supply side, gold mine production rose to 909 metric tons in Q2, a new second-quarter record, helping lift total supply to 1,249 metric tons—a 3 percent year-on-year increase. Recycling activity also increased slightly, up 4 percent to 347 metric tons, the highest for any Q2 since 2011.

Still, the WGC observed that recycling remains “subdued relative to price performance,” due to strong holding behavior and limited signs of household financial distress.

Outlook through 2025

Looking to the second half of 2025, the WGC expects investment demand to remain firm, though possibly at a slower pace due to short-term dollar strength and resilient equity markets.

Still, the prospect of lower interest rates, which are widely expected to begin in Q4, could reignite momentum.

“Lower policy rates are likely to elicit more investor interest in gold from an opportunity cost perspective,” the report concluded.

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

This post appeared first on investingnews.com

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Fortune Bay Announces Option Agreement for the Woods Uranium Projects

Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) (‘Fortune Bay’ or the ‘Company’) is pleased to announce that it has entered into a definitive option agreement (the ‘Agreement’), dated July 25, 2025, with Neu Horizon Uranium Limited ACN 653 749 145 (the ‘Optionee’), a private Australian arms-length party. Pursuant to the Agreement, the Optionee will be granted the option (the ‘Option’) to acquire an eighty percent interest in The Woods Uranium Projects (‘The Woods’ or the ‘Projects’) located on the northern margin of the Athabasca Basin, Saskatchewan (Figure 1).

Figure 1: The Woods Uranium Projects – District-Scale Opportunity (CNW Group/Fortune Bay Corp.)

The Woods Highlights:

  • District-scale opportunity, including five projects covering approximately 40,000 hectares.
  • A dominant land position along the Grease River Shear Zone (‘GRSZ’) within 30 kilometres of the northern Athabasca Basin margin.
  • The GRSZ is significantly underexplored relative to other major Athabasca Basin structures (less than 20 historical drill holes northeast of Fond du Lac, and only 3 historical drill holes on the Projects).
  • Geological settings and structural features are prospective for; 1) unconformity-related basement-hosted uranium deposits, 2) magmatic intrusive uranium deposits and, 3) rare earth element (‘REE’) deposits.
  • Abundant historical uranium and REE showings, and the highest lake sediment uranium anomalies in Saskatchewan.

Dale Verran, CEO of Fortune Bay, commented: ‘We are pleased to have executed a Definitive Option Agreement with Neu Horizon for the advancement of The Woods Uranium Projects. This partnership combines strong technical capabilities and capital markets expertise to accelerate exploration efforts on these high-potential projects at a time of strengthening uranium market fundamentals. The transaction reflects our disciplined approach to capital allocation—prioritizing spend on our core gold assets at Goldfields and Poma Rosa—while unlocking blue-sky potential from earlier-stage projects through partnerships that preserve upside for our shareholders.’

Martin Holland, Executive Chairman of Neu Horizon Uranium, added: ‘We’re pleased to have successfully closed the earn-in agreement with Fortune Bay and to partner with an experienced in-country team, complementing Neu’s strong technical expertise. With this foundation in place, we’re eager to hit the ground running and carry out substantial work to position the project for drilling ahead of our planned ASX IPO in Q1 2026.’

Key Terms

Consistent with the Letter of Intent (the ‘LOI’) signed in May, 2025, the Option is exercisable by the Optionee completing staged cash payments and share issuances, and incurring the following exploration expenditures on the Project:

Cash

Consideration
Shares

Exploration
Expenditures

Interest Earned

Signing of Definitive Agreement

A$50,000

A$50,000

Nil

80 %

31 December 2025

Nil

A$200,000

A$700,000

31 December 2026

Nil

A$500,000

A$2,300,000

Total

A$50,000

A$750,000

A$3,000,000

The Company will act as the operator during the Option period and will be entitled to charge a management fee of 10% of expenditures incurred on the Projects. A participating Joint Venture (‘JV’) will be formed at the end of the Option period, consistent with customary JV Terms. The JV will allow for dilution and should the Company’s interest fall below 10% the Company will be granted a 2% net smelter returns (‘NSR’) royalty. One-half (1%) of the NSR may be purchased at any time prior to commercial production for a cash payment of A$5 million, subject to Consumer Price Index increase.

Further Projects details are provided in the Company’s News Release dated May 29, 2025.

Qualified Person

The technical and scientific information in this news release has been reviewed and approved by Gareth Garlick, P.Geo., Technical Director of the Company, who is a Qualified Person as defined by NI 43-101. Mr. Garlick is an employee of Fortune Bay and is not independent of the Company under NI 43-101.

Technical Disclosure on Historical Results

The historical uranium and REE occurrences referenced in the ‘Woods Highlights’ section derive from the Saskatchewan Mineral Deposits Index. The lake sediment uranium anomalism referred to in the same section refers to historical results derived from the Saskatchewan Mineral Assessment Database file number 74O09-0004, in comparison with the open-source regional Saskatchewan lake sediment geochemistry database available on the Government of Saskatchewan Mining and Petroleum GeoAtlas. Historical results are not verified and there is a risk that any future confirmation work and exploration may produce results that substantially differ from these. The Company considers these unverified historical results relevant to assess the mineralization and economic potential of the property.

About Fortune Bay

Fortune Bay Corp. (TSXV:FOR, FWB:5QN, OTCQB:FTBYF) is an exploration and development company with 100% ownership in two advanced gold projects in Canada, Saskatchewan (Goldfields Project) and Mexico, Chiapas (Poma Rosa Project), both with exploration and development potential. The Company is also advancing seven uranium exploration projects on the northern rim of the Athabasca Basin, Saskatchewan, which have high-grade potential. The Company has a goal of building a mid-tier exploration and development Company through the advancement of its existing projects and the strategic acquisition of new projects to create a pipeline of growth opportunities. The Company’s corporate strategy is driven by a Board and Management team with a proven track record of discovery, project development and value creation. Further information on Fortune Bay and its assets can be found on the Company’s website at www.fortunebaycorp.com or by contacting us as info@fortunebaycorp.com or by telephone at 902-334-1919.

About Neu Horizon

Neu Horizon is a public unlisted Australian company focused on discovering and developing Tier 1 uranium deposits in premier exploration jurisdictions. Through this exciting new partnership with Fortune Bay, the company has access to a dominant land package with over 100,000ha of prime exploration ground covering three projects in Sweden and five projects in Canada.

Sweden is Europe’s leading mining nation and also hosts the world’s largest low-grade uranium resource within the Alum-shale, where Neu Horizon has a significant landholding. The company aims to take advantage of the Swedish Government’s plans to lift the 2018 moratorium on uranium exploration and mining to delineate a significant European uranium deposit.

Canada’s Athabasca Basin is the world’s leading source of high-grade uranium. Access to this land package along the northern rim of the basin provides Neu Horizon direct access to this underexplored uranium exploration frontier.

These strategic projects align Neu Horizon with the global demand for clean, sustainable and low-carbon energy, by taking advantage of both countries’ rich uranium resources and supportive mining legislation.

On behalf of Fortune Bay Corp.

‘Dale Verran’
Chief Executive Officer
902-334-1919

Cautionary Statement Regarding Forward-Looking Information

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as ‘expects’, ‘aims’, ‘anticipates’, ‘targets’, ‘goals’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, ‘seeks’, ‘estimates’, ‘continues’, ‘may’, variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements.

Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals, intentions or future plans, statements, exploration results, potential mineralization, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify targets or mineralization, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, inability to reach access agreements with other Project communities, amendments to applicable mining laws, uncertainties relating to the availability and costs of financing or partnerships needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR+. 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. For more information on Fortune Bay, readers should refer to Fortune Bay’s website at www.fortunebaycorp.com.

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


Source

 

 
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FinEx Metals Commences Drill Program At Ruoppa Gold Project

 

(TheNewswire)

 

 

 

 

Vancouver, British Columbia, August 5, 2025 TheNewswire – FinEx Metals Ltd. (TSX-V: FINX) (‘FinEx’ or the ‘Company’) is pleased to announce it has commenced diamond drilling on its 100% owned Ruoppa gold project, located in the Central Lapland Greenstone Belt of northern Finland.

 

  The initial drill campaign is expected to comprise approximately 2,500 metres of core drilling and is designed to test high-priority targets defined by earlier trenching and Top of Bedrock drilling.  Drilling will focus on the Ruoppa East area where a series of high-grade gold targets intermittently extend over approximately 2.7 km (Figure 1).  High-grade rock grab samples from trenches include 52 samples that returned values greater than 1 g/t Au with the highest value returning 95.1 g/t Au, within a broad zone of orogenic quartz veining extending over approximately 250 metres.  

 

  Tero Kosonen, Chairman and Chief Executive Officer of FinEx, comments:   ‘We are excited to commence our inaugural diamond drilling at Ruoppa, a significant milestone for FinEx.  The results from this program will greatly enhance our understanding of the project’s potential and help clarify the distribution and continuity of the gold-bearing veins at Ruoppa and within this highly prospective district.’  

 

    
Click Image To View Full Size  

 

  Figure 1. Map of Ruoppa project area showing a series of high-grade gold targets that intermittently extend over approximately 2.7 km, and location of first-pass drilling where high-grade rock grab samples from trenches include 52 samples that returned values greater than 1 g/t Au with the highest value returning 95.1 g/t Au, within a broad zone of orogenic quartz veining extending over approximately 250 metres.  

 

    
Click Image To View Full Size  

 

  Figure 2. First drill hole commences at Ruoppa gold project.  

 

  About the Ruoppa Project  

 

  The Company’s flagship Ruoppa project is situated in the Central Lapland Greenstone Belt in Finland, adjoining Agnico Eagle’s Kittilä mine land position, the largest gold mine in Europe, and in proximity to the land position that hosts Rupert Resources’ recent Ikkari discovery.  Previous work by FinEx identified a series of high-grade gold targets that extend over approximately 2.7 km.  High-grade rock grab samples from trenches include 52 samples above 1 g/t Au with the highest value measuring 95.1 g/t Au, within a zone extending over 250 m.  Ruoppa is fully permitted for drilling and a first-pass diamond drill program commenced in August 2025. For more information on the Ruoppa project, refer to the NI 43-101 Technical Report dated April 14, 2025, as filed on SEDAR+ at     www.sedarplus.ca.    

 

  About FinEx Metals Ltd.  

 

  FinEx Metals Ltd. (TSX-V: FINX) is a gold-focused mineral exploration company with a portfolio of 100% owned, royalty free projects near existing mining operations in the Central Lapland Greenstone Belt in Finland.  

 

  For more information, please visit the Company’s website at     www.finexmetals.net.    

 

  FinEx Metals is part of the NewQuest Capital Group, a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. Further information about NewQuest can be found on the company website at     www.nqcapitalgroup.com.    

 

  Qualified Person  

 

  The scientific and technical information contained in this news release has been reviewed and approved by Dr. Petri Peltonen, MAusIMM(CP), EurGeol, a ‘Qualified Person’ (‘QP’) as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen is not independent by reason of being a Contractor and Shareholder of the Company.  

 

  On Behalf of the Board of Directors  

 

  Tero Kosonen  

 

  Chairman and Chief Executive Officer  

 

  +1 (604) 681-9100  

 

    tero@finexmetals.net    

 

  For further information, please contact:  

 

  Brennan Zerb  

 

  Investor Relations Manager  

 

  +1 (778) 867-5016  

 

    mailto:bzerb@nqcapitalgroup.com    

 

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

 

  Forward-Looking Statements:  

 

    This news release includes certain forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the proposed listing on the TSX Venture Exchange, future capital expenditures, exploration activities and the specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as ‘pro forma’, ‘plans’, ‘expects’, ‘may’, ‘should’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, ‘believes’, ‘potential’ or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the anticipated business plans and timing of future activities of the Company, including the Company’s exploration plans and the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, the ability of the Company to obtain the required permits, changes in laws, regulations and policies affecting mining operations, the Company’s limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the   heading ‘Risk Factors’ in the Company’s prospectus dated June 13, 2025 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR+ website at www.sedarplus.ca.  

 

  Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.  

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

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Sun Summit Provides Exploration Plan for Theory Project, in BC’s Toodoggone District

Sun Summit Minerals Corp. (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) (‘Sun Summit’ or the ‘Company’) is pleased to provide an overview of its upcoming exploration program at the Theory Project, Toodoggone Mining District, north-central British Columbia (the ‘Theory Project’).

The Theory Project borders Thesis Gold’s Ranch Project to the north and is located within 10 km to the northwest of Sun Summit’s JD Project. Sun Summit signed an option agreement (the ‘Option Agreement‘) with Eagle Plains Resources Ltd. to earn up to a 100% interest in 10,000 hectares of mineral claims in the highly prospective Toodoggone Mining District, British Columbia (for additional details, refer to the news release of the Company dated March 17, 2025).

‘It is exciting to embark on our first exploration season at the Theory Project. In recent days we have had a chance to visit potential targets of interest on the Theory Project and we look forward to beginning the initial work towards defining drill targets,’ said Niel Marotta, CEO of Sun Summit Minerals. ‘The Theory Project is very close to our flagship JD Project and we expect to benefit from the growing enthusiasm around the work being completed in the Toodoggone region by Sun Summit as well as other exploration activities on neighbouring properties in the district.’

Theory Project Exploration Program

The primary exploration goals at the Theory Project are to identify future drill targets through the continued compilation of historical results, project-wide remote sensing data acquisition followed by a field program consisting of prospecting, geological mapping, and geochemical sampling.

As per the Option Agreement the work program will be managed by TerraLogic under the supervision of Eagle Plains as operator, and will include:

  • Continued detailed data compilation including rectification of extensive surface sampling, and reconnaissance mapping by Taiga between 1986 to 1989.
  • Acquisition of district- and property-scale remote sensing data: focusing on VNIR and SWIR bands used to identify mineral groups that are diagnostic of epithermal and porphyry deposit associated alteration.
  • A field program consisting of prospecting, detailed geological mapping, and rock, soil and silt geochemical sampling to assess the mineralization potential of the Theory Project.

Timeline: Exploration activities are anticipated to begin in late August and continue into September.

Figure 1. Map of the Toodoggone District showing the location of the Theory Project and JD Project in relation to other development and exploration projects. Data sourced from Thesis, TDG and Centerra’s corporate websites.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/261109_aa8ac4b424eddac7_001full.jpg

National Instrument 43-101 Disclosure and Disclaimer

This news release has been reviewed and approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a ‘Qualified Person’ as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The historical technical information has not been verified by Sun Summit and may in some instances be unverifiable dependent on the existence of historical drill core and grab samples. Historical results are no indication of future results.

Community Engagement

Sun Summit is engaging with First Nations on whose territory our projects are located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations with ongoing exploration.

About the Theory Project

The Theory Project comprises 23 mineral claims covering 9,676 hectares. The project is located in north-central B.C. within the Toodoggone Mining District, and is in close proximity with Sun Summit’s JD Project. The project area shares similar geology to the JD Project and Thesis Gold’s Ranch-Lawyers Projects. The project is helicopter-accessible and recent road upgrades completed in 2023 by Thesis Gold has brought road access to within 8 kilometres of the southern boundary of the Theory Project.

Geology in the Theory region is primarily comprised of lower Jurassic Hazelton Group volcanics (Toodoggone Formation, same host rock as the JD Project) which unconformably overlie late Triassic Takla Group volcanics. The entire package of volcanic and volcaniclastic rocks is intruded by late Triassic and early Jurassic stocks. The Jurassic-Triassic unconformity (~200 Ma), termed by the B.C. Geological Survey as the ‘red-line’, is observed throughout the Golden Triangle and Toodoggone regions to have a high spatial correlation to many known mineral deposits. The majority of the property encompasses this highly prospective contact.

About the JD Project

The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold’s Lawyers and Ranch projects, TDG Gold’s Baker-Shasta projects, Amarc Resources’ AuRORA project, Centerra Gold’s Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine.

The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.

The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.

About Sun Summit

Sun Summit Minerals (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion and advancement of district scale gold and copper assets in British Columbia. The Company’s diverse portfolio includes the JD and Theory projects in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-1.jpg 

On behalf of the board of directors,

Niel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com 

For further information, contact:

Matthew Benedetto, Simone Capital
mbenedetto@simonecapital.ca 
Tel. 416-817-1226

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as ‘anticipate’, ‘will’, ‘expect’, ‘may’, ‘continue’, ‘could’, ‘estimate’, ‘forecast’, ‘plan’, ‘potential’ and similar expressions. Forward-looking statements contained in this news release may include, but are not limited to the size and scope of the drill program at the JD Project and the Theory Project; the Company’s exploration plans and timing of said plans; how certain work is to be managed and what that work is to include; market and stakeholder reaction to certain works; and the potential for positive findings, if any, from the drill program. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the Company’s ability to complete the exploration plans as currently contemplated; risks inherent in exploration activities; the ability of the Company to find and verify any mineralization; volatility and sensitivity to market prices; fluctuations in metal prices. The forward-looking statements contained in this news release are made as of the date hereof or the dates specifically referenced in this news release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Further details about the risks applicable to the Company are contained in the Company’s public filings available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261109

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