Author

admin

Browsing

The House Oversight Committee has dropped its subpoena for former FBI Director James Comey, after he said he had no knowledge relevant to the panel’s investigation into Jeffrey Epstein, The Hill reported, citing a letter Comey sent to the committee.

In the Oct. 1 letter sent to Committee Chair James Comer, R-Ky, Comey said he had no ‘knowledge’ or ‘information relevant to the Committee’s investigation’ into the late pedophile.

Comey was slated to sit for a deposition on Tuesday before the committee that is examining Epstein’s contacts and potential government ties dating back to the 1990s. 

‘I offer this letter in lieu of a deposition that would unproductively consume the Committee’s scarce time and resources,’ Comey wrote.

Comey served as deputy attorney general from 2003 to 2005 and later as FBI director from 2013 to 2017 — two periods now under scrutiny by House Republicans seeking answers about Epstein’s federal connections.

‘At no time during my service at the Department of Justice or the FBI do I recall any information or conversations that related to Jeffrey Epstein or Ghislaine Maxwell,’ Comey wrote.

Because the letter was submitted under penalty of law — making any false statements a potential federal crime — Comer accepted Comey’s response and withdrew the subpoena.

Fox News Digital has reached out to the Oversight Committee for a copy of Comey’s letter and confirmation of the subpoena’s withdrawal.

The late pedophile Epstein committed suicide in 2019 while awaiting prosecution on federal sex trafficking charges, though questions continue to swirl about the circumstances surrounding his death.

Comer issued a wave of subpoenas in August tied to the Jeffrey Epstein investigation — including to Comey and former President Bill Clinton and former Secretary of State Hillary Clinton.

Comer also subpoenaed the Justice Department for records related to Epstein’s case.

Others ordered to appear include former FBI Director Robert Mueller and former Attorneys General Loretta Lynch, Eric Holder, William Barr, Jeff Sessions and Alberto Gonzales.

Holder and Attorney General Merrick Garland sent letters similar to Comey’s, denying any knowledge of Epstein and prompting Comer to withdraw those subpoenas as well, per The Hill.

It’s unclear if sessions for the Clintons will proceed.

The committee’s work comes amid growing partisan tension over how to handle the Epstein investigation, and the GOP base has fractured over the current administration’s handling of the case.

Top Republicans, including President Donald Trump and Speaker Mike Johnson, R-La., support continuing the Oversight inquiry as the fastest route to uncover new information. Comer has already released thousands of pages of subpoenaed documents from the Justice Department and Epstein’s estate.

Critics, however, accuse the GOP of shielding certain figures by selectively releasing records. Several lawmakers are instead pushing legislation to declassify all government files related to Epstein and Maxwell — a move endorsed by multiple Epstein victims.

Fox News’ Elizabeth Elkind contributed to this report.  

This post appeared first on FOX NEWS

Syntheia Corp. (CSE: SYAI) (Syntheia.ai) (the ‘Company’) is pleased to announce that further to its press releases dated July 23, 2025, September 2, 2025, and September 12, 2025, the Company has closed the final tranche of its non-brokered private placement financing for gross proceeds of $237,000.00 through the issuance of 1,975,000 units (each, a ‘Unit’) at a price of $0.12 per Unit (the ‘Offering’).

Each Unit was comprised of one common share in the capital of the Company (each, a ‘Common Share‘) and one Common Share purchase warrant (each, a ‘Warrant‘). Each Warrant is exercisable to acquire one Common Share at a price of $0.16 until October 6, 2030 (the ‘Expiry Date‘), subject to an accelerated expiry in the event the volume weighted average trading price of the Common Shares exceeds $0.20 for 20 consecutive trading days, the Company may, within 10 business days of the occurrence of such event, deliver a notice to the holders of the Warrants accelerating their Expiry Date to a date that is not less than 30 days following the date of such notice and the issuance of a press release by the Company announcing the acceleration notice (the ‘Accelerated Exercise Period‘). Any unexercised Warrants shall automatically expire at the end of the Accelerated Exercise Period.

Gross proceeds raised from the Offering will be used for working capital and general corporate purposes. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

The Offering constituted a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘) as certain insiders of the Company subscribed for an aggregate of 250,000 Units pursuant to the Offering. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the participation in the Offering by insiders does not exceed 25% of the market capitalization of the Company in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the of the Offering, which the Company deems reasonable in the circumstances in order to complete the Offering in an expeditious manner.

This press release does not constitute an offer to sell or a solicitation of an offer to buy 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 as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Syntheia

Syntheia Corp. is an early-stage artificial intelligence technology company, channeling its efforts into refining and expanding its proprietary, conversational AI-based platform (the ‘Syntheia AI Platform‘). The Syntheia AI Platform represents the integration of natural language processing (‘NLP‘) technology, enabling it to not only understand but also respond to human language with accuracy. The Syntheia AI Platform, a generative, AI-powered algorithm equipped with a human-like voice, boasts self-learning capabilities derived from NLP methodologies.

Currently in beta testing, the Syntheia AI Platform is crafted to offer a suite of automated solutions, particularly for retail-focused businesses where customer interaction and service are key to operations. At the heart of the Syntheia AI Platform is its use of AI to emulate human cognitive processes, combined with a sophisticated large language model, which is integral for interpreting and generating human-like language responses.

For further information, please contact:

Tony Di Benedetto
Chief Executive Officer
Tel: (844) 796-8434

Cautionary Statement

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘may’, ‘will’, ‘would’, ‘potential’, ‘proposed’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269347

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Gold continued to set new records on Monday (October 6), breaking US$3,900 per ounce.

After spending the summer months consolidating, the yellow metal began pushing higher toward the end of August. It quickly reached US$3,500 and continued on up, rising as high as US$3,972.60 on on Monday.

The yellow metal is up about 9 percent in the last month, and nearly 50 percent year-to-date.

Gold price, December 31, 2024, to October 6, 2025.

Gold’s latest rise began last week, after US Congress failed to reach an agreement on a spending bill ahead of the new fiscal year, triggering a government shutdown. The closure is now on its sixth day, with a key sticking point between Democrats and Republicans being an extension to billions of dollars in subsidies for Obamacare.

US President Donald Trump said on Monday that negotiations were taking place with Democrats and ‘could lead to very good things’ in terms of healthcare. However, Senator Chuck Schumer and Representative Hakeem Jeffries, Congress’ two Democrat leaders, said no talks are happening and that the White House ‘has gone radio silent.’

Beyond current events, gold’s rise is underpinned by factors like strong central bank buying, global geopolitical uncertainty, concerns about the US dollar and other fiat currencies and expectations of lower interest rates.

Those factors have many experts predicting a rise beyond US$4,000 for the precious metal, likely before the end of the year, although a correction is widely expected beforehand.

Against that backdrop, silver and platinum prices were also on the rise on Monday.

Silver, which broke US$48 per ounce last week, continued to trade above that amount, rising as high as US$48.74. The white metal is approaching its highest price ever and was last at the current level in 2011.

Meanwhile, platinum rose as high as US$1,645.90 per ounce after pushing through US$1,600 last week. Before taking off in May of this year, platinum had been rangebound for about a decade and was last above US$1,600 in 2013.

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

This post appeared first on investingnews.com

David Morgan, publisher of the Morgan Report, shares his thoughts on silver as the white metal’s price approaches US$50 per ounce.

He believes silver may be approaching a ‘crossing the rubicon moment,’ but emphasized that its move comes amid a much broader transition in the financial system.

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Monday (October 6) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$125,434, up by 2.3 percent in 24 hours. Its lowest valuation of the day was US$124,565, and its highest was US$126,080. Bitcoin achieved its strongest weekly close at US$123,400 on October 3, affirming entry into a new price discovery phase, before hitting new highs on Monday.

Bitcoin price performance, October 6, 2025.

Chart via TradingView.

Bitcoin’s market cap briefly surpassed US$2.5 trillion, driving a record US$5.95 billion into digital assets.

Bitcoin dominance in the crypto market now stands at 54.49 percent.

On-chain data indicates that Bitcoin is entering a renewed accumulation phase, marked by reduced selling pressure from long-term holders and stabilization among short-term investors. Strong institutional exchange-traded fund (ETF) inflows, increased on-chain transfer volumes and healthy derivatives market indicators form a strong structural base for potential further gains, but tight Bollinger Bands point to impending short-term volatility and price consolidation.

Bitcoin researcher Axel Adler Jr. highlights that Bitcoin is trading near the upper boundary of the 21 day Donchian channel. The Bitcoin futures flow index reading of 96 percent signals sustained bull pressure.

Adler also points out that the short-term holder MVRV ratio is nearing resistance around US$133,000, indicating potential near-term profit taking. Scenarios include momentum-driven consolidation between US$122,000 and US$124,000, or a mean reversion pullback to US$118,500 to US$120,000, supported by key moving averages.

Ether (ETH) has exceeded Bitcoin’s upward price movement, rising by roughly 5.2 percent in the last 24 hours to US$4,725.31, its highest valuation of the day. Its lowest valuation was US$4,589.41.

Ether continues to hold firm above its US$4,500 support, with market watcher Ted Pillows highlighting US$4,750 as the next major resistance level for the cryptocurrency. However, he also warned that a drop below the US$4,250 to US$4,060 zone would shift momentum back to the bears.

Altcoin price update

  • Solana (SOL) was priced at US$235.40, an increase of 3.7 percent over the last 24 hours. Its lowest valuation on Monday was US$233.70, and its highest was US$237.29.
  • XRP was trading for US$3.03, up by 2.5 percent over the last 24 hours. Its lowest valuation of the day was US$2.99, and its highest was US$3.05.

ETF data and derivatives trends

The Fear & Greed Index currently reads 59, remaining firmly in neutral territory since the tail end of last week.

Last week, the cumulative net flow for spot Bitcoin ETFs was predominantly positive, with several days of inflows. According to data from the week of September 29 to October 3, spot Bitcoin ETFs had inflows on all five days, with October 3 recording the highest inflows at US$985.08 million. The inflows were led by BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) and the Fidelity Wise Origin Bitcoin Fund (BATS:FBTC).

Cumulative total inflows for spot Bitcoin ETFs stood at US$60.05 billion as of October 3.

The derivatives landscape reflects cautiously bullish sentiment, with the perpetual funding rate holding steady at 0.01, indicating balanced positioning between longs and shorts in the perpetual swap markets.

The session saw US$27.76 million in liquidations over the last four hours, predominantly impacting short positions, a signal of aggressive short covering as price momentum accelerated. Open interest retreated by 0.44 percent in the same span, to US$94.83 billion, suggesting some deleveraging or profit-taking after the day’s strong rally.

Despite the slight pullback in open interest, the notional value in major futures and options contracts remains near record levels, underscoring persistent institutional and speculative engagement. Implied volatility stands at 40.9, reflecting a moderate risk premium amid heightened spot activity and brisk rotation across both futures and options venues. With options open interest surging to historic highs and spot/volatility correlations positive, traders are leaning on structured call spreads rather than outright longs to manage term premiums and risk.

Today’s crypto news to know

Grayscale launches first US spot crypto ETPs with staking

Grayscale Investments has launched the first US-listed spot crypto exchange-traded products (ETPs), enabling staking for its Grayscale Ethereum Trust ETF (ARCA:ETHE), Grayscale Ethereum Mini Trust ETF (ARCA:ETH) and Grayscale Solana Trust (OTCQX:GSOL), the last of which is awaiting regulatory approval to uplist as an ETP.

Traditional brokerage investors can now earn passive staking rewards, which have been limited to native crypto platforms, through regulated funds, providing exposure to the Ethereum and Solana networks.

“Staking in our spot Ethereum and Solana funds is exactly the kind of first mover innovation Grayscale was built to deliver,” said Grayscale CEO Peter Mintzberg in a press release.

“As the #1 digital asset-focused ETF issuer in the world by AUM, we believe our trusted and scaled platform uniquely positions us to turn new opportunities like staking into tangible value potential for investors.”

Grayscale will manage staking via institutional custodians and diversified validator networks to reduce risks. The launch represents a milestone in crypto product sophistication and regulatory acceptance, and is expected to attract institutional capital and deepen investor participation in staking rewards.

Morgan Stanley endorses Bitcoin allocation for client portfolios

Morgan Stanley’s (NYSE:MS) Global Investment Committee has formally advised clients to include digital assets in their portfolios, marking a significant policy shift for one of Wall Street’s most established banks.

In a note dated Sunday (October 5), the firm recommends up to 4 percent crypto exposure in “opportunistic growth” portfolios and up to 2 percent for “balanced growth” accounts. The report also emphasizes Bitcoin’s role as a “scarce, digitally native asset” with increasing institutional relevance.

While many investors view the move as validation of Bitcoin’s maturing status and the formal ushering of crypto’s ‘mainstream era,’ some traders called it “too late” given prior gains.

Morgan Stanley also confirmed that its E*Trade platform will soon allow trading in Bitcoin, Ether and Solana via a partnership with ZeroHash.

Coinbase seeks national trust charter to expand payment services

Coinbase Global (NASDAQ:COIN) has applied for a national trust company charter from the US Office of the Comptroller of the Currency, a move designed to expand its payments and custody operations under unified federal oversight.

In an October 3 blog post, Vice President Greg Tusar clarified that Coinbase “has no intention of becoming a bank,” but aims to streamline regulation for new financial products.

Approval would enable Coinbase to scale its recently launched Coinbase Payments platform, which facilitates stablecoin transactions for merchants on Shopify (NYSE:SHOP) and eBay (NASDAQ:EBAY).

Coinbase has also deepened partnerships with JPMorgan Chase (NYSE:JPM), enabling direct account links between Chase customers and Coinbase wallets through API integration.

Similar Office of the Comptroller of the Currency charter applications have been filed by other platforms as digital payment infrastructure moves further into mainstream finance.

Plume Network registers as transfer agent

Plume Network, a layer-2 blockchain focused on tokenizing real-world assets (RWAs), announced it has registered as a transfer agent with the US Securities and Exchange Commission (SEC).

The move allows Plume to manage tokenized securities under US law, automating traditional transfer agent functions like shareholder registry management and corporate action reporting onchain.

This development comes amid efforts to integrate traditional finance with blockchain technology, specifically through the issuance and management of tokenized securities. Institutional involvement in the RWA market is still in its early stages, primarily focusing on low-risk instruments like US treasury bills.

Potential exists for expanding into new fundraising and investor engagement methods.

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

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

This post appeared first on investingnews.com

Freegold Ventures Limited ( TSX : FVL,OTC:FGOVF ) (OTCQX: FGOVF ) is pleased to provide a project update. Drilling at Golden Summit is advancing steadily, with five drill rigs currently active on site. The focus for this year has been directed at infill drilling to upgrade inferred resources to indicated status—an essential step for the upcoming Pre-Feasibility Study (PFS). As inferred resources cannot be included in the PFS, this work is critical for the project’s advancement.

2025 PROGRAM

  • Drilling is continuing with five drill rigs
  • Conversion of inferred resources into indicated & further exploration drilling and geotechnical drilling.

  • 37 holes (~24,000m completed to date: 5 holes reported (~3030m)
  • Ongoing metallurgical work, focusing on flowsheet optionality with sulphide oxidation, is a key part of our strategy to maximize the potential of the resource.
  • Commencement of Pre-Feasibility Study (PFS)

Focus is also on defining the limits of mineralization in the Dolphin/Cleary area, as well as conducting further exploration drilling and completing essential geotechnical drill holes.

Drilling Progress and Timeline

To date, a total of 37 drill holes, amounting to ~24,000 meters, have been completed. Additionally, five more drill holes are currently in progress. Assay results are pending for a significant number of holes. Drilling activities are scheduled to continue through mid-December, after which the program will pause for the winter and resume in February 2026 . The results from the 2025 drilling will be incorporated into a revised mineral resource estimate, which will be utilized for the upcoming Pre-Feasibility Study (PFS).

Resource Enhancement and Pre-Feasibility Study Preparation

In addition to efforts to upgrade the resource base through a combination of infill and geotechnical drilling, additional geochemical and metallurgical testing is also being undertaken. Preparatory work for the PFS also encompasses:

  • Installation of vibrating wire piezometers (VWPs) in drill holes for groundwater monitoring
  • Collection of surface water samples
  • Organising mammal and habitat surveys to establish baseline environmental data
  • Conducting cultural resource assessments, including paleontological studies, for review by the State Historic Preservation Office (SHPO) and federal agencies, and developing mitigation plans as needed
  • Mapping of wetlands, with mitigation strategies being formulated where required
  • Continuing geological mapping and sampling to identify new exploration targets for future development

Metallurgical Test Work
Metallurgical testing is currently underway at BaseMet Labs in Kamloops, BC . A master composite sample, weighing over 1,500 kilograms and derived from twelve drill holes, forms the basis for this work. As part of the PFS, several trade-off studies are planned, including a comparison of the added benefits of further sulphide oxidation with a simpler Gravity-CIL flowsheet.

Oxidation Process Optimization
During the current phase of metallurgical testing, a sulphide concentrate is being produced to enable optimization of oxidation processes. Three commercially available oxidation methods, all of which have demonstrated effectiveness with Golden Summit materials, are under evaluation:

  • Pressure Oxidation (POX): Achieved over 92% total gold recovery in testwork to date.
  • BIOX: Achieved over 91% total gold recovery in testwork to date.
  • Albion Process: Achieved over 93% total gold recovery in testwork to date.

Solid residues resulting from these oxidation processes have been subjected to environmental characterization and waste testing in accordance with EPA guidelines. The Toxicity Characteristic Leaching Procedure (TCLP) was applied to all residues, with leachate levels for metals remaining below regulatory limits.

Flotation Test Results and Environmental Assessment
Flotation testing continues for the master composite. Initial locked-cycle tests have shown gold recovery rates exceeding 95%, utilizing gravity and cleaner flotation with the sulphide concentrate accounting for less than 5% of the total mass, thereby minimizing the volume that needs further oxidation. These results support building a small pilot plant at BaseMet to produce a substantial amount of concentrate for upcoming oxidation optimisation studies. These studies will be ongoing over the next several months.

Flotation tailings from this process have also passed the EPA TCLP procedure 1311, with all leachate concentrations for metals falling below maximum allowable limits, confirming environmental compliance. Further investigations are ongoing to understand better and characterize the environmental impact of all flowsheet products and tailings.

Additional Project Information
Golden Summit currently hosts an Indicated Primary Mineral Resource: 17.2 Moz at 1.24 g/t Au and an Inferred Primary Mineral Resource: 11.9 Moz at 1.04 g/t Au, using a 0.5 cut-off grade and a gold price of $2,490 .

A plan map detailing the locations of drill holes—both completed and in progress can be found here:

https://freegoldventures.com/site/assets/files/6287/nr_2025_drilling_v2_20251003.png

The qualified person responsible for the scientific and technical information in this update is Alvin Jackson , P.Geo., Vice President of Exploration and Development for Freegold.

About Freegold Ventures Limited
Freegold Ventures Limited is a TSX-listed company focused on mineral exploration in Alaska .

Caution Regarding Forward-Looking Statements
This update contains forward-looking statements, including, but not limited to, information regarding planned expenditures, exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and other future plans. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. These factors include, but are not limited to, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of those programs. For a comprehensive discussion of risk factors, refer to Freegold’s Annual Information Form for the year ended 2024-12-31, available at www.sedar.com .

SOURCE Freegold Ventures Limited

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2025/07/c8111.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

(TheNewswire)

Brossard, Quebec, October 7, 2025 TheNewswire – Charbone Hydrogen Corporation (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (‘ CHARBONE ‘ or the ‘ Company ‘), a company dedicated to building a North America’s first clean Ultra High Purity (‘ UHP ‘) hydrogen production and distribution network, is pleased to announce that it has officially taken possession of hydrogen production and refuelling assets from Harnois Énergies Inc. (‘ Harnois ‘).

This strategic transaction will enable CHARBONE to rapidly relocate and repurpose proven hydrogen production equipment at its flagship Sorel-Tracy facility , allowing for the first production of clean UHP hydrogen by early Q4 2025 . By utilizing proven, already operational assets, CHARBONE expects to significantly reduce capital installation costs and accelerate time-to-market compared to deploying new systems.

Further to CHARBONE’s announcement made on September 5, 2025, under the terms of the agreement, CHARBONE has issued 13,333,334 common shares at $0.075 per share, representing $1 million in equity consideration to Harnois. Additional cash payments will be made in staged tranches over two years, preserving capital for growth initiatives.

Importantly, Harnois elected to receive a substantial portion of the consideration in CHARBONE equity at market value. This decision underscores Harnois’ recognition of the strategic long-term benefits of aligning with CHARBONE as Quebec’s leading clean UHP hydrogen supplier, while Harnois continues to focus on its core energy distribution businesses.

‘This is a transformative moment for CHARBONE,’ said Dave B. Gagnon, CEO of CHARBONE . ‘With these assets, we will begin producing clean UHP hydrogen in Sorel-Tracy much sooner than anticipated, while optimizing capital efficiency. We are proud to welcome Harnois as a shareholder in the capital of CHARBONE.’

About Charbone Hydrogen Corporation

CHARBONE is an integrated company specializing in clean Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and Asia-Pacific. Through a modular approach, the Company is building a distributed network of green hydrogen production plants while diversifying revenues via helium and specialty gas partnerships. This disciplined model reduces risk, enhances flexibility, and positions CHARBONE as a leader in the transition to a low-carbon future. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH,OTC:CHHYF) , the OTC Markets (OTCQB: CHHYF) , and the Frankfurt Stock Exchange (FSE: K47) . Visit www.charbone.com .

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

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

Contact Charbone Hydrogen Corporation

Telephone: +1 450 678 7171

Email: ir@charbone.com

Benoit Veilleux

CFO and Corporate Secretary

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

(TheNewswire)

Brossard, Quebec, le 7 octobre 2025 TheNewswire – CORPORATION CHARBONE HYDROGÈNE (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (« CHARBONE » ou la « Société »), une compagnie vouée au déploiement d’un premier réseau de production et de distribution d’hydrogène propre à Ultra Haute Pureté (« UHP ») en Amérique du Nord, est heureuse d’annoncer qu’elle a officiellement pris possession des actifs de production et de ravitaillement en hydrogène de Harnois Énergies Inc. (‘ Harnois ‘).

Cette transaction stratégique permettra à CHARBONE de relocaliser et de réutiliser rapidement des équipements de production d’hydrogène éprouvés à son usine phare de Sorel-Tracy , permettant ainsi la première production d’hydrogène propre à UHP d’ici le début du T4 2025 . En utilisant des actifs déjà opérationnels et éprouvés, CHARBONE prévoit réduire considérablement les coûts d’installation des immobilisations et accélérer la mise sur le marché par rapport au déploiement de nouveaux systèmes.

À la suite de l’annonce de CHARBONE faite le 5 septembre 2025, selon les termes de l’entente, CHARBONE a émis 13 333 334 actions ordinaires à 0,075 $ l’action, soit une contrepartie en actions de 1 million de dollars à Harnois. Des paiements supplémentaires en espèces seront effectués par tranches échelonnées sur deux ans, préservant ainsi le capital pour les initiatives de croissance.

Il est important de noter que Harnois a choisi de recevoir une part importante de la contrepartie en actions de CHARBONE à la valeur du marché. Cette décision souligne la reconnaissance par Harnois des avantages stratégiques à long terme d’une intégration avec CHARBONE , premier fournisseur d’hydrogène propre à UHP au Québec, tout en continuant de se concentrer sur ses activités principales de distribution d’énergie.

« C’est un moment de transformation pour CHARBONE, » dit Dave B. Gagnon, CEO of CHARBONE . « Grâce à ces actifs, nous commencerons la production d’hydrogène propre à UHP à Sorel-Tracy beaucoup plus tôt que prévu, tout en optimisant l’efficacité de nos investissements. Nous sommes fiers de souhaiter la bienvenue à Harnois comme actionnaire au capital de CHARBONE. »

À propos de CORPORATION CHARBONE HYDROGÈNE

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

Énoncés prospectifs

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

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

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

Pour contacter Corporation Charbone Hydrogène :

Téléphone bureau: +1 450 678 7171

Courriel: ir@charbone.com

Benoit Veilleux

Chef de la direction financière et secrétaire corporatif

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Anteros Metals Inc. (CSE: ANT) (‘Anteros’ or the ‘Company’) is pleased to announce that the Company and Rift Minerals Inc. (‘Rift’) have entered into a binding letter of intent (the ‘LOI’) dated October 6, 2025, pursuant to which the Company has been granted an option (the ‘Option’) to acquire a beneficial interest in the Seagull Project, a critical minerals exploration stage property targeting platinum group elements (PGEs), nickel, copper, and helium (the ‘Property’). The Property is located approximately 80 kilometres northeast of Thunder Bay, Ontario.

Upon exercise of the Option, the Company and Rift shall use reasonable commercial efforts to negotiate, complete, execute and deliver a formal joint venture agreement, pursuant to which the Company may earn a working interest of up to 49% in the Property.

In order to exercise the Option, the Company shall:

  • Underwrite the Phase 1 cost of a 1,350m borehole at the Property (the ‘Drilling‘) (estimated at a minimum of $400,000 and up to $600,000 of anticipated exploration costs) to earn a contingent 20% interest in the Property;

  • Make a one-time up-front cash payment to Rift in the amount of $50,000, such payment to be made before the Drilling is commenced; and

  • Complete a second phase of exploration pursuant to Phase 1 results and recommendations for a Phase 2 exploration program, by an independent Qualified Person.

Rift’s sole asset is an option agreement (the ‘Option Agreement‘) dated July 26, 2024 with Thunder Gold Corp., whereby Rift has the option to acquire the Property. Rift has completed passive seismic imaging (ambient noise tomography) over the Property, identifying a deep low-velocity anomaly interpreted by Rift as a potential gas-bearing zone and/or mineralized feeder structure of the Seagull Intrusion. The planned drill program will test this target.

‘We’re pleased to partner with Rift to advance the Seagull Project as a complementary addition to our Canadian exploration portfolio,’ said Trumbull Fisher, CEO of Anteros. ‘This agreement provides low-cost exposure to a high-impact target in an emerging critical minerals jurisdiction.’

The completion of the transactions contemplated by the LOI remains subject to the Company and Rift entering into a definitive agreement and the approval of all regulatory and other approvals, including the approval of the Canadian Securities Exchange.

Dr. Geoff Heggie, P.Geo. (Ontario), a Qualified Person under National Instrument 43-101, has reviewed and approved the technical disclosure in this press release.

PRIVATE PLACEMENT

In addition, in connection with the proposed transaction, the Company announces that it non-brokered private placement through the issuance of flow-through units in the capital of the Company (each, a ‘FT Unit‘), and hard dollar units (each, a ‘Unit‘) of the Company, for aggregate gross proceeds of up to $1,000,000 (the ‘Offering‘).

The Units will be issued at a price of $0.05 per Unit and the FT Units will be issued at a price of $0.065 per FT Unit.

Each FT Unit shall be comprised of one common share, issued on a flow-through basis (‘FT Share‘) and one-half of one whole common share purchase warrant, issued on a non-flow-through basis (each whole warrant, a ‘ Warrant‘). Each Warrant shall entitle the holder thereof to acquire one common share in the capital of the Company (each, a ‘Common Share‘) at a price of $0.10 per Common Share for a period of two (2) years from date of issuance. The FT Shares will qualify as ‘flow-through shares’ within the meaning of subsection 66(15) of the Income Tax Act (Canada), which also qualify for the Canadian government’s Critical Mineral Exploration Tax Credit. Each Unit shall be comprised of one Common Share and one-half of one whole Warrant.

All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadian Securities Exchange. The net proceeds from the sale of the Units will be used for general working capital purposes and the gross proceeds of the Offering received from the sale of the FT Shares will be used to incur ‘Canadian exploration expenses’ that will qualify as ‘flow-through critical mineral mining expenditures’ as such terms are defined in the Income Tax Act (Canada).

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 Anteros Metals Inc.

Anteros Metals Inc. is a Canadian exploration company focused on advancing a pipeline of critical minerals projects across Newfoundland and Labrador and select Canadian jurisdictions. The Company is targeting copper, nickel, zinc, and emerging strategic commodities that support the global energy transition. Immediate plans for their flagship Knob Lake Property include bringing the historical Fe-Mn Mineral Resource Estimate into current status as well as commencing baseline environmental and feasibility studies.

For further information please contact or visit:

Email: info@anterosmetals.com | Phone: +1-709-769-1151
Web: www.anterosmetals.com | Social: @anterosmetals
Web: https://www.thunderbayexecutives.com/rift-minerals-inc

On behalf of the Board of Directors,

Chris Morrison
Director

Email: chris@anterosmetals.com | Phone: +1-709-725-6520
Web: www.anterosmetals.com/contact

16 Forest Road, Suite 200, St. John’s, NL, Canada A1X 2B9

Cautionary Statement Regarding Forward-Looking Information

This news release may contain ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements relating to the prospects for development of the Company’s mineral properties, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269353

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE: 6CA) is pleased to announce the second batch of results from Main Sector and more precisely, the VG9 Zone, from the fully funded 100,000-m drilling program (2 drill rigs) on its 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec).

Strategic Highlights from Main Sector

Drill Results of VG9 Zone (Figures 1 & 2)

  • Hole CA25-261 intersected 35.5 g/t Au over 0.5 m with visible gold grains , at a depth of 125 m.
  • Hole CA25-267 intersected 20.4 g/t Au over 0.5 m with visible gold grains , at a depth of 55 m.
  • Hole CA25-259 graded 4.4 g/t Au over 3.0 m including 7.2 g/t Au over 1.0 m with visible gold grains , at a depth of 60 m.
  • Holes CA25-261 and CA25-267 are spaced 95 m apart.

Significance for Investors

  • Holes CA25-259, 261 and CA25-267 confirm the newly identified VG9 high-grade gold zone near surface . The mineralization extends over a minimum of 75 m in strike length by 125 m in depth , signaling significant upside potential .
  • Previous 2024 Cartier drill hole assay intervals, respectively 46.0 g/t Au over 0.5 m included in 11.7 g/t Au over 4.0 m (hole CH24-251) and 20.2 g/t Au over 1.0 m included in 11.2 g/t Au over 2.0 m (hole CH24-147), had successfully and summarily recognized this mineralization (see Cartier news release dated December 3, 2024 and titled ″ Cartier drills 173.6 g/t Au over 0.5 m and 11.7 g/t Au over 4.0 m to expand multiple high-grade gold zones at East Cadillac ″) .
  • Most importantly, VG9 Zone demonstrates strong high-grade gold potential and is strategically located just 200 metres north of existing mineral resources . This proximity is expected to reduce development costs and enhance operational efficiencies , significantly improving Cadillac project .

Next Steps

  • Additional drilling is required on VG9 Zone to expand gold mineralization (150-300 m) and advance toward a future gold inventory . In parallel, drilling is currently underway to test the VG10 Zone, located 200 metres east of VG9, which hosts the same style of mineralization and presents additional exploration potential .
  • Further exploration drilling is already planned to test several new high-priority regional targets at Main Sector, backed by detailed structural and geological modelling and VRIFY’s artificial intelligence (AI) driven targeting , reinforcing the potential for additional gold discoveries .

The new high-grade gold results from VG9 further demonstrate the growing potential of the deposit at depth, with mineralization remaining open. Importantly, this zone is strategically located near surface and close to the proposed underground infrastructures outlined in our latest economic study. As such, VG9 could be efficiently integrated into our future mine plan, potentially enhancing Cadillac project economics .’ – Philippe Cloutier, President and CEO of Cartier.

The VG9 Zone is hosted within sedimentary rocks (wacke-mudrock) including localized conglomeratic sections (Cadillac Group). These rock types have historically been underexplored and undervalued in previous exploration strategies across the region. However, recent results mark a significant technical breakthrough, highlighting the untapped potential of these geological settings and meaningful exploration upside at Main Sector . ‘ – Ronan Deroff, Vice President Exploration of Cartier.

Figure 1 : Plan view, cross and long sections of the Main Sector

Figure 2 : Photos of the drill core from holes CA25-259, CA25-261 and CA25-267.

Table 1 : Drill hole best assay results from Main Sector

Hole Number From (m) To (m) Core Length** (m) Au (g/t) Uncut Vertical Depth (m) Zone
CA25-256 113.0 114.0 1.0 5.3 ≈80 VG9 (1)
CA25-259 99.0 102.0 3.0 4.4* ≈60 VG9 (1)
Including 101.0 102.0 1.0 7.2*
CA25-261 143.4 143.9 0.5 35.5* ≈125 VG9 (1)
CA25-263 135.0 136.0 1.0 8.3 ≈100 VG9 (2)
CA25-264 137.9 138.9 1.0 5.9 ≈120 VG9 (1)
CA25-267 71.5 72.0 0.5 20.4* ≈55 VG9 (1)
CA25-269 110.0 110.5 0.5 6.3* ≈100 VG9 (1)

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 50-90 % of the reported core length intervals.

Main Sector

The Contact Sector is a highly prospective area featuring several newly defined high-priority drill targets and gold deposits including Chimo, East Chimo and West Nordeau with indicated resources of 720,000 ounces (7.1 million tonnes at 3.1 g/t Au) and inferred resources of 1,633,000 ounces (18.5 million tonnes at 2.8 g/t Au). In addition, two new high-grade gold zones were discovered during Cartier’s latest drilling campaigns, including the VG9 and VG10 zones.

The three deposits and newly identified VG9 and VG10 gold zones lie along an east-west trending, sheared corridor (Cadillac Fault Zone) and occur at the contact between the hanging wall turbiditic sedimentary rocks (wacke-mudrock), locally conglomerates and iron formations of Cadillac Group and the footwall mafic volcanics (basalt) of Piché Group. This lithological contact is a favorable horizon for hydrothermal fluid flow, likely related to synvolcanic gold deposition.

The Main Sector, defined by at least twenty-six sub-parallel gold-rich zones, are typically and primarily associated with a fine-grained and disseminated arsenopyrite-pyrrhotite mineralization, with a pervasive biotite-chlorite-carbonate alteration, all crosscut by late-stage smoky and white quartz vein and veinlet stockworks containing visible gold. Locally, accessory minerals such as pyrite and tourmaline are observed.

Milestones of 2025-2027 Exploration Program

100,000 m Drilling Program (Q3 2025 to Q2 2027)

The ambitious 600-hole drilling program will both expand known gold zones (Brownfield Growth) and test new shallow surface high-potential targets (Greenfield Discovery). The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac Fault Zone. It is important to note that Cartier’s recent consolidation of this large land holding offers the unique opportunity in over 90 years for unrestricted exploration.

Environmental Baseline Studies & Economic Evaluation of Chimo mine tailings (Q3 2025 to Q3 2026)

The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization. The initial baseline studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the economic potential of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically.

Metallurgical Sampling and Testwork Program (Q4 2025 to Q1 2026)

The metallurgical testwork program includes defining of expected gold recovery rates and improving historical results from the Chimo deposit, as well as establishing metallurgical recovery data for the first-time for the East Chimo and West Nordeau satellite deposits, where no previous data exists. This comprehensive program will characterize the mineralized material, gold recovery potential and validate optimal grind size defining the most efficient and cost-effective flowsheet. The data generated will directly support optimized project development and have the potential to significantly reduce both capital and operating costs, while also improving the environmental footprint.

Table 2 : Drill hole collar coordinates from Main Sector

Hole Number UTM Easting (m) UTM Northing (m) Elevation (m) Azimuth (°) Dip (°) Hole Length (m)
CA25-256 333305 5319943 354 211 -49 141
CA25-257 333305 5319943 354 217 -60 162
CA25-258 333305 5319943 354 225 -68 192
CA25-259 333305 5319943 354 192 -45 132
CA25-260 333305 5319943 354 197 -59 150
CA25-261 333305 5319943 354 204 -68 171
CA25-263 333305 5319943 354 177 -53 153
CA25-264 333305 5319943 354 180 -65 171
CA25-266A 333358 5319898 354 194 -46 102
CA25-267 333358 5319898 354 214 -61 123
CA25-269 333358 5319898 354 220 -72 150

Table 3 : Drill hole detailed assay results from Main Sector

Hole Number From (m) To (m) Core Length** (m) Au (g/t) Uncut Vertical Depth (m) Zone
CA25-256 103.3 104.1 0.8 1.7 ≈70 VG9 (1)
And 113.0 114.0 1.0 5.3 ≈80 VG9 (1)
CA25-257 117.0 118.0 1.0 1.4 ≈95 VG9 (1)
And 120.0 121.0 1.0 2.2
And 134.0 135.0 1.0 2.6 ≈110 VG9 (1)
And 135.0 136.0 1.0 1.6
CA25-258 182.8 183.8 1.0 2.3 ≈160 VG9 (2)
CA25-259 99.0 102.0 3.0 4.4* ≈60 VG9 (1)
Including 99.0 100.0 1.0 5.1
Including 101.0 102.0 1.0 7.2*
CA25-260 113.0 114.0 1.0 1.5 ≈90 VG9 (1)
And 114.0 115.0 1.0 1.5
CA25-261 132.0 133.0 1.0 1.9 ≈115 VG9 (1)
And 143.4 143.9 0.5 35.5* ≈125
CA25-263 135.0 136.0 1.0 8.3 ≈100 VG9 (2)
CA25-264 137.9 138.9 1.0 5.9 ≈120 VG9 (1)
And 162.0 163.0 1.0 2.9 ≈140 VG9 (2)
CA25-266A 62.0 63.0 1.0 1.0 ≈40 VG9 (1)
And 63.0 64.0 1.0 1.3
And 64.0 65.0 1.0 1.0
CA25-267 71.5 72.0 0.5 20.4* ≈55 VG9 (1)
CA25-269 110.0 110.5 0.5 6.3* ≈100 VG9 (1)
And 110.5 111.0 0.5 1.6

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 50–90 % of the reported core length intervals.

Quality Assurance and Quality Control (QA/QC) Program

The drill core from the Cadillac Project is NQ-size and, upon receipt from the drill rig, is described and sampled by Cartier geologists. Core is sawn in half, with one half labelled, bagged and submitted for analysis and the other half retained and stored at Cartier’s coreshack facilities located in Val-d’Or, Quebec, for future reference and verification. As part of Quality Assurance and Quality Control (QA/QC) program, Cartier inserts blank samples and certified reference materials (standards) at regular intervals into the sample stream prior to shipment to monitor laboratory performance and analytical accuracy.

Drill core samples are sent to MSALABS’s analytical laboratory located in Val-d’Or, Quebec, for preparation and gold analysis. The entire sample is dried and crushed (70% passing a 2-millimeter sieve). The analysis for gold is performed on an approximately 500 g aliquot using Chrysos Photon Assay technology, which uses high-energy X-ray excitation with gamma detection to quickly and non-destructively measure gold content.

Alternatively, samples are submitted to Activation Laboratories Ltd. (‘Actlabs’), located in either Val-d’Or or Ste-Germaine-Boulé, both in Quebec, for preparation and gold analysis. The entire sample is dried, crushed (90% passing a 2-millimetre sieve) and 250 g is pulverized (90% passing a 0.07-millimetre sieve). The analysis for gold is conducted using a 50 g fire assay fusion with atomic absorption spectroscopy (AAS) finish, with a detection limit up to 10,000 ppb. Samples exceeding this threshold are reanalyzed by fire assay with a gravimetric finish to determine high-grade values accurately.

Both MSALABS and Actlabs are ISO/IEC 17025 accredited for gold assays and implement industry-standard QA/QC protocols. Their internal quality control programs include the use of blanks, duplicates, and certified reference materials at set intervals, with established acceptance criteria to ensure data integrity and analytical precision.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″NI 43-101″).

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

Using a gold price of US$1,750/oz, a Preliminary Economic Assessment demonstrated the economic viability of a 2-km segment, compared to the 15 km that will be the subject of the 100,000 m drilling program, with an average annual gold production of 116,900 oz over a 9.7-year mine life. Indicated resources are estimated at 720,000 ounces (7.1 million tonnes at 3.1 g/t Au) and inferred resources at 1,633,000 ounces (18.5 million tonnes at 2.8 g/t Au). Please see the NI 43-101 ″Technical Report and Preliminary Economic Assessment for Chimo Mine and West Nordeau Gold Deposits, Chimo Mine and East Cadillac Properties, Quebec, Canada, Marc R. Beauvais, P.Eng., of InnovExplo Inc., Mr. Florent Baril of Bumigeme and Mr. Eric Sellars, P.Eng. of Responsible Mining Solutions″ effective May 29, 2023.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise, a track record of successful exploration, and a fully funded program to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

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

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/5e4b790c-03e6-4650-b411-69935b59a904

https://www.globenewswire.com/NewsRoom/AttachmentNg/c87a1281-3553-4138-908b-00da23472739

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com