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Nevgold Corp. (‘ NevGold ‘ or the ‘ Company ‘) ( TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce further significant historic oxide gold-antimony (‘Antimony’, ‘Sb’) results at its Limousine Butte Project (the ‘Project’, ‘Limo Butte’) in Nevada. The Company continues to expand the gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development in Nevada, one of the world’s prolific mining jurisdictions.

Key Highlights

More high-grade oxide gold-antimony at Resurrection Ridge including:

- RR03_01: 11.41 g/t AuEq* over 6.1 meters (10.60 g/t Au and 0.18% Sb), within 2.19 g/t AuEq* over 56.4 meters (1.74 g/t Au and 0.10% Sb)
- LB010: 3.19 g/t AuEq* over 26.2 meters (2.24 g/t Au and 0.21% Sb), within 2.16 g/t AuEq* over 57.2 meters (1.45 g/t Au and 0.16% Sb)
- LB028: 4.62 g/t AuEq* over 6.1 meters (0.14 g/t Au and 1.0% Sb) within 0.66 g/t AuEq* over 128.0 meters (0.06 g/t Au and 0.13% Sb)
- LB133: 1.78 g/t AuEq* over 12.2 meters (0.11 g/t Au and 0.37% Sb)
- *Gold equivalents (‘AuEq’) are based on assumed metals prices of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% discount to current spot prices), and assumed metals recoveries of 85% for gold and 70% for antimony.

The Company has completed 8 drillholes in the current 2025 drill campaign with assays pending ; based on drilling completed by the Company at the Project since 2021, and historical drilling completed by previous operators, there is strong potential to advance to an initial gold-antimony Mineral Resource Estimate in 2025 (‘MRE’) (see Figure 1, Figure 2)

Phase II metallurgical testwork on gold and antimony continues to advance with results expected over the coming weeks

Limo Butte Planned 2025 Activities / Status Update
NevGold will continue its active exploration program at Limo Butte including:

Evaluate the historical geological database with focus on gold and antimony (completed) ;

Analyze historical drilling with focus on gold and antimony (continuous activity) ;

Advance metallurgical testwork (in progress, Phase II results in coming weeks) ;

Continue to drill test gold-antimony targets (ongoing, 8 drillholes completed to date) ;

Advance initial gold-antimony Mineral Resource Estimate (MRE) (in progress) .

NevGold CEO, Brandon Bonifacio, comments: ‘We continue to add to the large oxide gold-antimony mineralization footprint at Limo Butte in Nevada with the objective of rapidly advancing the Project to an initial gold-antimony Mineral Resource Estimate (MRE) . There is a clear commitment from the United States to advance high-quality, domestic, mineral projects and Limo Butte is optimally positioned with its significant near-surface, oxide gold-antimony mineralization and large geological database. The current 2025 drill program is positively advancing with 8 holes completed and assays pending . Another key milestone that we are driving forward is the Phase II metallurgical testwork building on our positive results from Phase I . All of these various work programs will help us rapidly and systematically advance the gold-antimony potential at Limo Butte as we de-risk and progress the asset to the next stages of project development.’

Figure 1 – Limousine Butte Gold-Antimony Project with selected gold-antimony drillhole results.
To view image please click here

Figure 2 – Limousine Butte Gold-Antimony Project cross-section with selected gold-antimony drillhole results. Thin colored discs show Antimony (Sb ppm) in drilling, and wide colored discs show Gold (Au ppm) in drilling.
To view image please click here

Figure 3 – Limousine Butte Gold-Antimony Project with selected gold-antimony drillhole results at Resurrection Ridge and Cadillac Valley. The total strike length between Resurrection Ridge and Cadillac Valley is +5km.
To view image please click here

Historical and Re-Assayed Drill Results

Hole ID	Length, m*	g/t Au	% Sb	g/t AuEq**	From, m	To, m
Resurrection Ridge
RR03_01	56.4	1.74	0.10%	2.19	85.3	141.7
including	6.1	10.60	0.18%	11.41	126.5	132.6
LB010	57.2	1.45	0.16%	2.16	13.0	70.1
including	26.2	2.24	0.21%	3.19	17.1	43.3
LB028	128.0	0.06	0.13%	0.66	36.6	164.6
including	6.1	0.14	1.00%	4.62	42.7	48.8
LB133	12.2	0.11	0.37%	1.78	182.9	195.1
LB031	80.8	0.10	0.08%	0.44	30.5	111.3
including	18.3	0.19	0.15%	0.88	30.5	48.8
LB025	16.8	0.12	0.10%	0.55	128.0	144.8

*Downhole thickness reported; true width varies depending on drill hole dip and is approximately 70% to 90% of downhole thickness.
**The gold equivalents (‘AuEq’) are based on assumed metals prices of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% discount to current spot prices), and assumed metals recoveries of 85% for gold and 70% for antimony.

Drillhole Orientation Details

Hole ID	Target Zone	Easting	Northing	Elevation (m)	Length (m)	Azimuth	Dip
RR03_01	RR	667246	4417388	2176	182.8	161	-70
LB010	RR	667229	4417327	2187	82.2	90	-50
LB028	RR	667060	4417254	2164	237	70	-60
LB133	RR	666661	4417217	2102	240.8	140	-50
LB031	RR	667142	4417273	2173	259.1	225	-60
LB025	RR	667023	4417193	2167	176.7	0	-90

Limo Butte Geology & Antimony Summary
A review of historical geochemical and drilling data at the Limousine Butte Project has identified multiple areas with strong gold-antimony potential. These zones correlate closely with outcrops of the Devonian Pilot Shale, the primary host rock for Carlin-type gold mineralization in the area. Positive gold grade at Limousine Butte is typically associated with silicification and the formation of jasperoid breccias within the Pilot Shale, an alteration feature also observed in the positive antimony results.

Through the Project data review, the Company uncovered reports detailing two small-scale historic mining operations at the Nevada Antimony Mine and Lage Antimony Prospect within the Limo Butte Project boundary. (Figure 1) The Nevada Antimony Mine featured two prospect pits that extracted stibnite (formula: Sb ₂ S ₃ ) from a hydrothermal breccia. The Lage Antimony Prospect reported historical additional prospect pits extracting antimony.

Historical geochemical rock chip sampling within the past-producing Golden Butte pit from a Brigham Young University (‘BYU’) Thesis study produced numerous results that exceeded 1% antimony in jasperoid breccias (see Figure 1). Several results were greater than 5% antimony, including a sample of 9.6% antimony with visible stibnite and stibiconite . BYU Thesis Report

Figure 4 – Limousine Butte Project with historical antimony in rock chips and soils. The total strike length between Resurrection Ridge and Cadillac Valley is +5km. To view image please click here

US Executive Order – Announced March 20, 2025
The Company is pleased to report the sweeping Executive Order to strengthen American mineral production and reduce U.S. reliance on foreign nations for its mineral supply . Antimony (Sb) has been identified as an important ‘Critical Mineral’ in the United States essential for national security, clean energy, and technology applications, yet no domestically mined supply currently exists.

The Executive Order invokes the use of the Defense Production Act as part of a broad United States (‘US’) Government effort to expand domestic minerals production on national security grounds. As it relates to project permitting, the Order states that it will ‘identify priority projects that can be immediately approved or for which permits can be immediately issued, and take all necessary or appropriate actions…to expedite and issue the relevant permits or approvals.’ Furthermore, the Order includes provisions to accelerate access to private and public capital for domestic projects, including the creation of a ‘dedicated mineral and mineral production fund for domestic investments’ under the Development Finance Corporation (‘DFC’).

This decisive action by the US Government highlights the urgent need to expand domestic minerals output to support supply chain security in the United States. This important Order will help revitalize domestic mineral production by improving the permitting process and providing financial support to qualifying domestic projects.

Importance of Antimony
Antimony is considered a ‘Critical Mineral’ by the United States based on the U.S. Geological Survey’s 2022 list (U.S.G.S. (2022)). ‘Critical Minerals’ are metals and non-metals essential to the economy and national security. Antimony is utilized in all manners of military applications, including the manufacturing of armor piercing bullets, night vision goggles, infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, nuclear weapons and production, tritium production, flares, military clothing, and communication equipment. Other uses include technology (semi-conductors, circuit boards, electric switches, fluorescent lighting, high quality clear glass and lithium-ion batteries) and clean-energy storage.

Globally, approximately 90% of the world’s current antimony supply is produced by China, Russia, and Tajikistan. Beginning on September 15, 2024, China, which is responsible for nearly half of all global mined antimony output and dominates global refinement and processing, announced that it will restrict antimony exports. In December-2024, China explicitly restricted antimony exports to the United States citing its dual military and civilian uses, which further exacerbated global supply chain concerns. (Lv, A. and Munroe, T. (2024)) The U.S. Department of Defense (‘DOD’) has designated antimony as a ‘Critical Mineral’ due to its importance in national security, and governments are now prioritizing domestic production to mitigate supply chain disruptions. Projects exploring antimony sources in North America play a key role in addressing these challenges.

Perpetua Resources Corp. (‘Perpetua’) has the most advanced domestic gold-antimony project in the United States. Perpetua’s project, known as Stibnite, is located in Idaho approximately 130 km northeast of NevGold’s Nutmeg Mountain and Zeus projects. Positive advancements at Stibnite including the technical development and permitting has led to US$75 million in Department of Defense (‘DOD’) awards, and over $1.8 billion in indicative financing from the Export Import Bank of the United States (‘US EXIM’) ( see Perpetua Resources News Release from April 8, 2024 ) (Perpetua Resources. (2025))

Figure 5 – Limousine Butte Land Holdings and District Exploration Activity To view image please click here

ON BEHALF OF THE BOARD

‘Signed’

Brandon Bonifacio, President & CEO

For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com .

Historical Data Validation
NevGold QA/QC protocols are followed on the Project and include insertion of duplicate, blank and standard samples in all drill holes. A 30g gold fire assay and multi-elemental analysis ICP-OES method was completed by ISO 17025 certified American Assay Labs, Reno.

The Company’s Qualified Person (‘QP’), Greg French, Vice President, Exploration has completed a review of the historical data in this press release. The historic data collection chain of custody procedures and analytical results by previous operators appear adequate and were completed to industry standard practices. For the Newmont and US Gold data a 30g gold fire assay and multi-elemental analysis ICP-OES method MS-41 was completed by ISO 17025 certified ALS Chemex, Reno or Elko Nevada.

Geochemical ICP (5g) analysis for the Wilson, Christianson and Tingey report was completed by Geochemical Services Inc. and the XRF analyses (glass disk or pellets) by Brigham Young University.

Technical information contained in this news release has been reviewed and approved by Greg French, CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person under National Instrument 43-101 and responsible for technical matters of this release.

About the Company
NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.

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

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘suggest’, ‘indicate’ and other similar words or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements include, but are not limited to, the proposed work programs at Limousine Butte, and the exploration potential at Limousine Butte. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, general economic, market and business conditions, and the ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

References

Blackmon, D. (2021) Antimony: The Most Important Mineral You Never Heard Of. Article Prepared by Forbes.

Kurtenbach, E. (2024) China Bans Exports to US of Gallium, Germanium, Antimony in response to Chip Sanctions . Article Prepared by AP News.

Lv, A. and Munroe, T. (2024) China Bans Export of Critical Minerals to US as Trade Tensions Escalate . Article Prepared by Reuters.

Lv, A. and Jackson, L. (2025) China’s Curbs on Exports of Strategic Minerals . Article Prepared by Reuters.

Perpetua Resources. (2025) Antimony Summary . Articles and Videos Prepared by Perpetua Resources.

Sangine, E. (2022) U.S. Geological Survey, Mineral Commodity Summaries, January 2023 . Antimony Summary Report prepared by U.S.G.S

U.S.G.S. (2022) U.S. Geological Survey Releases 2022 List of Critical Minerals . Reported Prepared by U.S.G.S

Wilson, D.,J., Christiansen, E., H., and Tingey, D., G., 1994, Geology and Geochemistry of the Golden Butte Mine- A Small Carlin- Type Gold Deposit in Eastern Nevada: Brigham Young University Geology Studies, v.40, P.185-211. BYU V.40 P.185-211.

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Bold Ventures Provides Update at Burchell Gold Copper Project and Ring of Fire News

Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the ‘Company’ or ‘Bold’) is pleased to provide an update of activities at its Burchell Gold Copper project, 100 km west of Thunder Bay, Ontario, and Koper Lake in the Ring of Fire, Ontario.

Burchell Gold Copper Project

Mechanical stripping at the 111 Gold Zone and at 7 additional target areas on the Burchell Property has progressed and is expected to be completed in the next two to three days. Washing and sampling of the exposed locations has begun.

A ground Very Low Frequency (VLF) electromagnetic survey has been completed in the Northwest claim area and across the area of the 111 Zone. The data is currently being processed and interpreted. The aim of these two geophysical surveys is to aid in delineating drill targets for Bold’s first phase of drilling in these prospective areas.

The Northwest Claim Area

This area represents the northeastern strike extension of the Moss Trend on the adjacent Moss Gold Property of Gold X2 Mining (formerly Goldshore Resources). A 2024-2025 MMI^TMsurvey across this area identified clusters of gold, copper and molybdenum anomalies (see Bold’s July 21, 2025 news release). Approximately 13 line km of ground VLF (Very Low Frequency) geophysics were surveyed during the summer, which in conjunction with the soil anomalies will aid in generating drill targets. Data is currently being processed and interpreted.

The 111 Zone

The 111 Gold Zone was identified late in 2024, with one December grab sample returning 68 g/t Au (see Bold’s January 9, 2025 news release). Gold mineralization occurs within the sheared contact zone between felsic and mafic metavolcanics. Limited hand-stripping and channel sampling during the summer identified an anomalous gold zone 4.5 to 6.5 meters plus wide, with one channel sample returning 2.1 g/t Au over 0.5 meters (see Bold’s September 11, 2025 news release). The zone has now been stripped by excavator and washed, with channel sampling to commence shortly. 7 additional target areas near the mafic-felsic contact zone, where gold anomalies have been identified in rock and soil samples, are in the process of being exposed by mechanical stripping, to be completed in 2-3 days.

Ring of Fire News

Bold Ventures’ Koper Lake Project is centrally located within the Ring of Fire discovery area. A recent article in Northern Ontario Business may be viewed at:

RoF Northern Ontario Business September 19 2025

Bold Management is pleased to see the engagement effort put forth by the Provincial Government led by Premier Doug Ford and Minister Greg Rickford. Bold CEO David Graham commented that ‘Seeing Premier Ford and Minister Rickford personally involved is very encouraging. It signals the importance of this development that is situated in a very rich geological environment hosting critical minerals. Since our discoveries in 2007, while working with Noront Resources and my initial engagement with the local First Nations, we have seen an ongoing effort by First Nations leaders, Government and Industry to provide information surrounding the mining cycle, infrastructure development and environmental studies. Our hope is that the effort will result in multiple positive effects for the region including: economic development, improved access, education and a higher standard of living. We believe this is possible while respecting the culture and values of the affected Communities.’

Koper Lake Project in the Ring of Fire

The Black Horse is part of the Koper Lake Project where KWG is the Operator of the chromite exploration effort.

Bold owns a 10% carried interest (through to production) in the Black Horse Chromite NI 43-101 Inferred Resource of 85.9 Mt grading 34.5% Cr₂O₃ at a cut-off of 20% Cr₂O₃ (KWG Resources Inc., NI 43-101 Technical Report, Aubut 2015). Bold also owns a 40% working interest in all other metals found within the Koper Lake claims and has a Right of First Refusal on a 1% NSR covering all metals found within the claim group.

The Black Horse is contiguous with the Blackbird Chromite deposits owned by Ring of Fire Metals (formerly Noront Resources Inc.). The Koper Lake claims are located approximately 300 m from their Eagle’s Nest Ni-Cu Massive Sulphide Deposit that is in the permit acquisition stage. Chromite, nickel and copper are critical minerals that will play an important role in the electrification plans of Ontario and North America. The Company is encouraged by these ongoing developments in this emerging critical mineral mining camp.

The environmental assessment process for all-weather road access to the Ring of Fire is being developed as three proposed road projects. The Northern Road link, the Marten Falls Community Access Road and the Webeque Supply Road. Information and progress regarding these projects may be accessed via the links provided on Bold’s critical and battery metals page.

The technical information found within this news release has been reviewed and approved by Coleman Robertson, B.Sc., P.Geo., a qualified person (QP) for the purposes of NI 43-101 and the Company’s V.P. Exploration.

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website here.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

‘Bruce A MacLachlan’
Bruce MacLachlan
President and COO

‘David B Graham’
David Graham
CEO

Direct line: (705) 266-0847

Email: bruce@boldventuresinc.com

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

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267899

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1911 Gold Commences Underground Drill Program at True North Gold Project

1911 Gold Corporation (‘ 1911 Gold ‘ or the ‘ Company ‘) (TSXV: AUMB,OTC:AUMBF; OTCQB: AUMBF; FRA: 2KY) is pleased to announce that it has entered the next phase of advanced exploration, with the commencement of the Company’s first underground drill program at the Company’s wholly-owned operational and fully permitted True North Gold Project, located in Manitoba .

Highlights

The first underground drill rig has been mobilized to Level 16, approximately 695 metres (‘m’) below surface, to commence exploration drilling on the San Antonio Southeast (‘SAM SE’), San Antonio West (‘SAM W’) and new Shore exploration targets.
The current underground drilling plan is comprised of approximately 25,000 m in 122 holes.
A total of 20,342 m of surface exploration drilling in 71 holes has now been completed, primarily on the SAM W and SAM SE targets
The assay results from 11 surface drill holes at SAM SE and SAM W, totalling 5,368 m , drilling down to depths of approximately 550 m , are pending.

‘Commencing underground drilling is a pivotal step in advancing the redevelopment of the True North Gold Mine,’ stated Shaun Heinrichs , President & CEO of 1911 Gold. ‘This program is designed to rapidly expand our current resource, extend the depth extensions of recent new surface discoveries that can meaningfully enhance the scale of our operations, and delineate two trial test mining areas. With strong community support and a fully permitted mill on site, we are excited to advance towards our next phase of growth.’

The underground drill program marks a significant milestone as the Company advances its strategy to restart underground mining operations and build upon its existing permitted infrastructure and resource base. The focus of the current campaign will be on testing the resource size potential of newly identified drill targets, including SAM W and SAM SE (two recent discoveries located adjacent to the existing underground infrastructure and drill-tested from surface to depths of approximately 550 m ). The program will also target: potential mineral resource expansion through step-out drilling around the current resource; delineation drilling on two significant targets in preparation for trial test mining in 2026 on Level 16; and commence resource infill and upgrade drilling on areas identified for early production in the pending PEA. The underground drill program will initially utilize two (2) drill rigs, with additional rigs planned as access to new areas is established.

Program Description

The Company plans to complete approximately 25,000 metres of underground drilling in 122 drill holes over the next nine months.

Exploration Drilling

Drilling will test the down-dip extension of the SAM SE target, discovered during the surface drilling program, and the emerging Shore target (located directly southeast of SAM SE), hosted within the SAM gabbro unit at the intersection with the 007 shear zone. The 007 mine, which operated from 2010 through 2015, arose from the intersection of the 007 share zone and the shoreline basalt unit to the northeast of the SAM gabbro unit. A total of approximately 10,000 m in 24 drill holes is planned, from Level 16 and the lower portion of the L13 area within the Hinge decline once the Company regains access to that area. Rehabilitation of Level 6 is underway to facilitate drill access to test the down-dip extensions of the SAM W target.

Resource Expansion Drilling

Resource expansion drilling will focus on four (4) mineralized veins hosted within the 710-711, L10, 007 and Hinge zones, which can be drilled from the existing infrastructure on Level 16. The target areas are adjacent to known high-grade zones, which have demonstrated strong potential for resource expansion. Step-out drilling will test up and down-plunge extensions outside the current mineral resource. Approximately 6,000 m in 18 drill holes are planned for the initial resource expansion program.

Test Mining – Delineation Drilling

In preparation for a large test mining program in mid-2026, the Company will also complete approximately 9,000 m in 80 drill holes of delineation drilling. This drilling will focus on upgrading the resource to the measured category for two selected areas, which are accessible from Level 16 for both drilling and bulk sampling activities. The two areas designated within the mineral resource block model are hosted within the Hinge Zone (Vein 800 and 820) and the L10 Zone (Vein 1020 and 1040).

Qualified Person Statement

The scientific and technical information in this news release has been reviewed and approved by Mr. Michele Della Libera , P.Geo, Vice-President Exploration of 1911 Gold, who is a ‘Qualified Person’ as defined under NI 43-101.

About 1911 Gold Corporation

1911 Gold is a junior gold developer with a highly prospective, consolidated land package totalling more than 61,647 hectares, situated within and adjacent to the Archean Rice Lake greenstone belt in Manitoba . The Company also owns the True North mine and mill complex at Bissett, Manitoba , providing a fully permitted infrastructure hub to support future development. 1911 Gold believes its land package represents a prime opportunity to build a new mining district centred on the True North complex.

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

1911 Gold’s True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

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

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

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, predictions, projections, forecasts, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about exploration plans and the timing and results thereof, as well as statements relating to the plans and timing for the potential mining operations at the True North Gold Project, including test mining and the benefits therefrom, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

SOURCE 1911 Gold Corporation

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Blue Sky Uranium Announces Registration of Mining Rights Transfer for Ivana Uranium-Vanadium Project, Argentina

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

Blue Sky Uranium Corp. (TSXV: BSK,OTC:BKUCF) (FSE: MAL2) (OTC: BKUCF), (‘Blue Sky’ or the ‘Company’) is pleased to announce that the Río Negro Provincial Mining Authority has formally registered the transfer of mining concessions from Minera Cielo Azul S.A . (‘ MCA ‘) to Ivana Minerales S.A. (‘ IMSA ‘) the joint venture company (‘ JVCO ‘) established to advance the Ivana Uranium-Vanadium Project in the Province of Río Negro, Argentina .

The registration, completed on June 10, 2025 , is another significant milestone in the advancement of the Ivana Project. This formal recognition by the provincial authority completes the legal process for the transfer of mining rights to IMSA in accordance with the requirements of the Argentine Mining Code and provincial regulations. The issuance of official titles in the name of IMSA is pending and expected imminently.

Nikolaos Cacos , President & CEO of the Company stated, ‘We established IMSA to align the interests and expertise of Blue Sky Uranium and its local partners. The JVCO structure will be most effective in advancing the project through each stage of the project development, as demonstrated by the completion of this step of registering the mining rights. Meanwhile, IMSA is operating the ongoing drilling program which is delivering data to support engineering and other studies for the planned pre-feasibility study.’

About Ivana Minerales S.A.

Ivana Minerales S.A. is the operating company for the joint-venture between Blue Sky and its partner Abatare Spain, S.L.U. (‘ COAM ‘) to advance the Ivana Uranium-Vanadium deposit in Rio Negro Province of Argentina . The activities of IMSA are subject to the earn-in transaction (the ‘ Agreement ‘) in which COAM will fund cumulative expenditures of US$35 million to acquire a 49.9% indirect equity interest in the Ivana deposit, and then has the further right to earn up to an 80% equity interest in IMSA by completion of a feasibility study and funding the costs and expenditures up to US$160,000,000 to develop and construct the project to commercial production, subject to the terms and conditions in the Agreement. For additional details, please refer to the News Release dated February 27, 2025 , as well as the Company’s latest Financial Statements and MD&A available at www.blueskyuranium.com .

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina . The Company’s objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky’s flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company’s recently optioned Corcovo project has demonstrated potential to host an in-situ recovery uranium deposit. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

‘Nikolaos Cacos’
______________________________________
Nikolaos Cacos , President, CEO and Director

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.

This news release may contain forward-looking statements and forward-looking information (collectively, the ‘forward-looking statements’) within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements that, other than statements of historical fact, address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company’s planned exploration campaigns. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: uncertainty relating to mineral resources; risks related to heavy metal and transition metal price fluctuations, particularly uranium and vanadium; risks relating to the dependence of the Company on key management personnel and outside parties; the potential impact of global pandemics; risks and uncertainties related to governmental regulation and the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations, including in respect of the Company’s planned exploration program described in this news release. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company’s public disclosure documents for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

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SOURCE Blue Sky Uranium Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2025/25/c8947.html

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Investing

Locksley Names Industry Veterans CEO and COO to Fast-Track its US Mine-to-Market Effort

Locksley Resources Limited (ASX: LKY,OTC:LKYRF; OTCQB: LKYRF) announced the appointment of Kerrie Matthews as Chief Executive Officer (CEO) and Danny George as Chief Operating Officer (COO) of the company. The appointments are newly-created positions and significantly strengthen the company’s executive leadership team at a pivotal time as Locksley advances the Desert Antimony Mine in Mojave . The two bring skill sets that can lead the company as it accelerates downstream processing and fast-tracks its mine-to-market solutions for antimony in the U.S. More information is available here: https:cdn-api.markitdigital.comapiman-gatewayASXasx-research1.0file2924-02998095-6A1285815&v=c2533a54e2514fb77a8f93f84db686e1125273e9

‘The combined backgrounds of these two individuals in critical minerals, major project delivery and contract mining enable Locksley to address one of the most pressing US supply constraints: the absence of large-scale commercial antimony processing capacity,’ said Pat Burke , chairman of Locksley. ‘Their appointments significantly enhance our executive capability at a pivotal moment for Locksley, supporting our strategy to transform the historic Desert Antimony Mine into a modern, fully integrated mine-to-market supply chain for 100% Made in America Antimony.’

Ms. Matthews is a highly accomplished executive leader with more than two decades of experience delivering significant and capital-intensive projects in the resources and infrastructure sectors. She has held leadership roles in the execution of BHP’s US$3.8 billion South Flank Project and Iluka’s A$1.8 billion Eneabba Rare Earths Refinery, Australia’s first fully integrated rare earths refinery. She brings extensive expertise in governance, stakeholder alignment, cost optimization and regulatory engagement, alongside her proven record of aligning large scale projects with both commercial and government priorities.

Mr. George is an experienced senior executive with a global background spanning all phases of project execution across mining, energy and infrastructure. His past experience includes major projects with WSP, Fortescue, Mineral Resources, Thyssenkrupp and Ausenco, working with leading companies such as Vale, BHP and Hancock Prospecting. His track record includes copper and lithium concentrators, iron ore and coal export facilities, as well as emerging technology projects in hydrogen and green iron. His technical breadth and expertise in rapid project delivery, capital efficiency and large-scale project execution provide Locksley with the operational discipline and agility required to advance the Desert Antimony Mine project on an accelerated schedule.

The company also announced that Julian Woodcook has resigned as technical director to focus on his Managing Director role at Viking Mines Ltd. He has been instrumental in the rapid advancement of the Company’s Mojave Project and will continue to offer strategic guidance to the company in a technical consulting capacity.

Locksley Resources ( https://www.locksleyresources.com.au ) is an Australian-based explorer focused on critical minerals and base metals, with assets in both the U.S. and Australia . The company is actively advancing its U.S. Asset, the Mojave Project, in California , targeting rare earths elements (REE) and antimony (The Desert Antimony Mine). The company also has a strategic collaboration with Rice University to develop DeepSolv for domestic processing of North American antimony. This agreement is a cornerstone of Locksley’s U.S. Critical Minerals and Energy Resilience Strategy to accelerate ‘mine-to-market’ deployment of antimony in the U.S.

Contact: Beverly Jedynak , beverly.jedynak@viriathus.com , 312-943-1123; 773-350-5793 (cell)

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SOURCE Locksley Resources

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World

How retirees can stop fake debt collector scams

You pick up the phone and hear a stern voice claiming you owe money. Maybe it’s for a credit card you don’t recognize, a loan you never took out or some old bill you thought was long gone. Panic sets in, especially if the caller threatens arrest, wage garnishment or lawsuits.

Unfortunately, this scenario is becoming all too common. Scammers are posing as debt collectors, and retirees are among their favorite targets. Even legitimate debt collection companies have crossed the line. One such company was ordered to pay over $8 million for harassing people into paying fake debts.

The good news? With a little knowledge and some practical steps, you can spot these calls, protect yourself and stop them before they get too close for comfort.

Get my best tech tips, urgent security alerts and exclusive deals delivered straight to your inbox. Plus, you’ll get instant access to my Ultimate Scam Survival Guide – free when you join my CYBERGUY.COM newsletter.

Why retirees are prime targets

Scammers don’t call at random. Retirees often make ideal marks because:

Less frequent monitoring: Many retirees check credit reports and bank accounts less often, making it easier for fraud to go unnoticed.
Accumulated assets: Retirement savings, pensions and home equity make seniors look ‘cash-rich’ to scammers.
Trust factor: Politeness and trust on the phone can be exploited.
Less tech-savvy: Some retirees feel less comfortable with online verification.

This combination creates a perfect storm for fake debt collection scams.

Red flags of fake debt collector calls

Recognizing the signs can stop scammers in their tracks.

Immediate threats or pressure: Real collectors cannot threaten arrest or use abusive language under the Fair Debt Collection Practices Act (FDCPA).
Unusual payment methods: Gift cards, wire transfers and cryptocurrency are red flags. Legitimate collectors use checks, debit or bank payments.
Refusal to verify debt: If they won’t send written proof, hang up.
Mismatch with public records: Fake companies often use official-sounding names that don’t exist.

Collectors don’t need your Social Security number or bank logins.

How to safely verify debt collector calls

Even if a call raises red flags, it’s essential to verify the information before taking action. Here’s how:

1) Request written verification

Under the FDCPA, you have the right to ask for a debt validation letter. This document should include:

The creditor’s name
Original amount owed
Verification that the collector is legally authorized to collect the debt.

Ask for this before paying or sharing any personal info.

2 Look up the collector

Check with state attorneys general offices or the Consumer Financial Protection Bureau (CFPB). Verify that the company exists and is licensed to collect in your state.

3) Contact the original creditor

If you recognize the debt or think it may be legitimate, call the creditor directly using a verified phone number. Do not rely on the caller’s number; scammers often spoof official-looking numbers.

4) Use trusted resources

The FTC offers a ‘Debt Collection’ section on its website with tips and complaint forms. If you suspect fraud, filing a report can help stop the scammers from targeting others.

Pro tip: Extra step to protect your personal information

Fraudsters rely on personal data to make calls sound convincing. Reducing the amount of information available about you online lowers your risk. Data brokers collect and sell details like your name, phone, address and even past debts. A data removal service can automatically remove your data from hundreds of broker sites, making it harder for scammers to find and target you.

While no service can guarantee the complete removal of your data from the internet, a data removal service is really a smart choice. They aren’t cheap, and neither is your privacy. These services do all the work for you by actively monitoring and systematically erasing your personal information from hundreds of websites. It’s what gives me peace of mind and has proven to be the most effective way to erase your personal data from the internet. By limiting the information available, you reduce the risk of scammers cross-referencing data from breaches with information they might find on the dark web, making it harder for them to target you.

Check out my top picks for data removal services and get a free scan to find out if your personal information is already out on the web by visiting Cyberguy.com.

Get a free scan to find out if your personal information is already out on the web: Cyberguy.com.

When and where to report a scam

If you’ve encountered a fake debt collector, report them right away:

FTC: File at FTC.gov
State Attorney General: Use the consumer complaint division in your state
CFPB (Consumer Financial Protection Bureau): Submit a complaint online at consumerfinance.gov/complaint/or by phone

Reporting helps protect other retirees from falling victim.

Kurt’s key takeaways

Protecting your retirement isn’t just about managing your savings; it’s about defending your personal information, too. Scammers thrive on fear, urgency and trust, but you now have the knowledge to push back. By spotting red flags, verifying calls and reducing what’s available about you online, you can stop fake debt collectors in their tracks.

If a scammer called you tomorrow, would you be ready to spot the lies and protect your hard-earned savings? Let us know by writing to us at Cyberguy.com.

Get my best tech tips, urgent security alerts and exclusive deals delivered straight to your inbox. Plus, you’ll get instant access to my Ultimate Scam Survival Guide – free when you join my CYBERGUY.COM newsletter.

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World

GOP senator blasts Schumer, Dems as ‘forcing’ shutdown while demanding price tag report

A Senate Republican wants to know the exact cost of a partial government shutdown as GOP and Democratic leaders are at an impasse to keep the government open.

Sen. Joni Ernst, R-Iowa, called on the Congressional Budget Office (CBO) to provide a detailed report on the sprawling impact that a partial government shutdown could have, including payments throughout the federal government and the possible broader economic impact.

The House GOP passed its short-term funding extension, known as a continuing resolution (CR), last week, but the bill was later blocked by Senate Democrats. For now, Republicans and Democrats in the upper chamber are at odds on a plan to keep the government open.

And the deadline to fund the government by Sept. 30 is fast approaching.

Ernst, who chairs the Senate DOGE Caucus named after tech-billionaire Elon Musk’s Department of Government Efficiency, laid the fault of a potential shutdown on Senate Minority Leader Chuck Schumer, D-N.Y., in her letter to CBO Director Phillip Swagel.

‘The same politicians who whined and complained about the Department of Government Efficiency laying off unnecessary bureaucrats just a few months ago are now forcing a government-wide shutdown themselves to expose who is and isn’t an essential employee,’ she wrote.

Ernst requested a sweeping economic operational impact analysis from the agency, including how a shutdown could affect back pay costs for furloughed non-essential employees, military pay, congressional pay and the broader economic impact that the government closing could have on the private sector.

Specifically, she wanted to know how businesses could be impacted by a temporary stoppage of government services, like loans, permits and certifications, and how companies and businesses could recoup losses after a shutdown ended.

She also wanted information on lost efficiencies in the government and the costs that could accrue from unfulfilled procurements or allowing contracts to lapse, and whether the burden of keeping national parks open would fall onto the states or if they’d be shuttered, too.

The CBO did provide an analysis of the cost of the last time the government shuttered in 2019, when Schumer and President Donald Trump were at odds on providing funding to construct a wall at the southern border. That 35-day shutdown was the longest in U.S. history, and no funding for a border wall was granted.

The report, published in January 2019, found that the shutdown saw roughly $18 billion in federal spending delayed, which led to a dip in that year’s first quarter gross domestic product of $8 billion. The report noted roughly $3 billion of that would not be recovered.

It also found that federal workers who received delayed payments and private businesses were the hardest hit.

‘Some of those private-sector entities will never recoup that lost income,’ the report stated.

It remains unclear whether Senate Majority Leader John Thune, R-S.D., and Schumer can strike a deal. After Trump canceled a planned meeting Tuesday with Schumer and House Minority Leader Hakeem Jeffries, D-N.Y., both Democrats blamed the president for the looming shutdown.

However, Democrats’ asking price for a short-term funding extension is too high for Republicans.

They want permanent extensions to Affordable Care Act subsidies, a full repeal of the ‘big, beautiful bill’s’ health care title, which includes the $50 billion rural hospital fund, and a clawback of the canceled funding for NPR and PBS.

‘Once again, Donald Trump has shown the American people he is not up to the job,’ Schumer said. ‘It’s a very simple job: sit down and negotiate with the Democratic leaders and come to an agreement, but he just ain’t up to it. He runs away before the negotiations even begin.’

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World

Charlie Kirk could be placed on US currency under new House GOP proposal

A pair of House Republicans are pushing to have Charlie Kirk memorialized on U.S. currency in the wake of his assassination earlier this month.

Republican Study Committee Chairman August Pfluger, R-Texas, and Rep. Abe Hamadeh, R-Ariz., plan to introduce a bill later this week directing the U.S. Treasury to mint 400,000 silver dollar coins with Kirk’s likeness, the pair first told Fox News Digital.

It’s the latest proposal in a litany of bills and resolutions introduced by Republican lawmakers to honor the conservative activist after he was shot and killed during a college campus speaking event in Utah earlier this month.

The coins, which would be considered legal tender, would have Kirk’s image on one side and feature the words ‘well done, good and faithful servant’ on the other.

They would also be inscribed with Kirk’s full name, ‘Charles James Kirk,’ the year 2026 as well as the U.S.’s full name and motto.

The coins’ final design would be selected by the Treasury Secretary in consultation with the sitting president, in this case, President Donald Trump.

‘Since 1892, Congress has authorized commemorative coins to celebrate and honor historic American patriots,’ Hamadeh told Fox News Digital.

He also hailed Kirk as an ‘American treasure.’

‘He tirelessly sacrificed his time, energy, and money to save this nation for future generations. Ultimately, at the hands of a radical leftist, he sacrificed his life,’ Hamadeh said. ‘His life must be commemorated, and this coin will allow us to pass a reminder of his remarkable life on to generations to come.’

Pfluger said that passage of their legislation would make Kirk, at age 31, the youngest-ever American to be placed on U.S. currency at the time of the coins’ minting, which the Texas Republican called ‘a fitting honor that cements his extraordinary legacy alongside presidents and founding fathers who shaped our republic.’

‘Charlie Kirk was a conservative titan whose transformational impact on millions of Americans deserves permanent recognition alongside our nation’s greatest leaders and influential figures,’ Pfluger said.

A law passed by Congress in 1866 bars the image of a living person from being used on U.S. currency.

Several historical figures have been awarded the honor, even beyond American presidents.

Benjamin Franklin notably is the face on the $100 bill, Alexander Hamilton is shown on the $10 note and different versions of the $1 coin feature Sacagawea, former U.S. Supreme Court Chief Justice John Marshall and Susan B. Anthony, respectively, among others.

Some historical records have said Sacagawea was 25 at the time of her death, but conflicting accounts reported her passing decades later.

The proposal comes after the House passed a bipartisan resolution honoring Kirk and denouncing political violence late last week.

In addition to Pfluger and Hamadeh’s bill, GOP lawmakers have offered legislation to award Kirk congressional medals, honor him with a day of remembrance, among other initiatives.

Several House Republicans also wrote to Speaker Mike Johnson, R-La., to ask for a statue at the U.S. Capitol in Kirk’s likeness after his assassination.

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World

Federal judge dumps Peter Strzok lawsuit over FBI firing for anti-Trump texts

A federal judge rejected former FBI agent Peter Strzok’s claims that his termination from the federal law enforcement agency ran afoul of the U.S. Constitution.

Strzok was fired during President Donald Trump’s first term.

He sent anti-Trump text messages while leading the Crossfire Hurricane investigation into Trump’s campaign and Russia.

‘At this point, only two issues remain to be resolved: did plaintiff’s termination violate the First Amendment, and did his termination violate the Fifth Amendment guarantee against the deprivation of property without due process of law?’ an order signed by Judge Amy Berman Jackson explained.

Jackson was nominated to the U.S. District Court for the District of Columbia by President Barack Obama.

The court found that Strzok’s ‘interest in expressing his opinions about political candidates on his FBI phone at that time was outweighed by the FBI’s interest in avoiding the appearance of bias in its ongoing investigations of those very people, and in protecting against the disruption of its law enforcement operations under then-Director Wray’s leadership.’

‘As to Count Two, the due process claim is predicated on a misrepresentation of the facts and distortion of the chronology,’ the document declares.

‘Once one gets past the rhetoric and considers the undisputed factual record, it becomes clear that there is no evidence to support a finding that plaintiff entered into a contract … that gave him a property interest in his tenure before the Deputy Director exercised his authority to terminate him, or that plaintiff lacked notice and an opportunity to be heard before his fate was decided,’ the document notes.

‘The full Memorandum Opinion has been docketed under seal,’ the order notes, adding that in the court’s perspective, ‘nothing in the Memorandum Opinion needs to remain sealed, and therefore, the parties must inform the Court by September 30, 2025 of whether they have any objection to the Court’s unsealing the Memorandum Opinion in its entirety, and if so, specifying what portions they believe should remain under seal and why.’

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World

Nuclear threats from North Korea loom quietly behind wars in Gaza and Ukraine at UNGA

While Israel’s war in Gaza and Russia’s war in Ukraine are dominating headlines at the United Nations General Assembly (UNGA), quiet but urgent concerns about North Korea and its nuclear program are being discussed behind closed doors.

It’s an issue that is being ‘continuously brought up,’ according to a senior State Department official. It was a particular concern in Secretary of State Marco Rubio’s meetings with his Japanese and South Korean counterparts and in President Donald Trump’s recent meeting with South Korean President Lee Jae-myung.

And while the lead-up to two Trump-Kim summits dominated the president’s first term, no such meeting is on the books for his second term, according to the official. Trump will travel to South Korea in October, but he currently has no plans to stop at the Demilitarized Zone (DMZ) to meet with North Korean leader Kim Jong Un.

‘Our policy remains a complete denuclearization of North Korea,’ the official said. Kim has said he’s only open to talks if the U.S. drops the denuclearization demand.

‘If the United States drops the absurd obsession with denuclearizing us and accepts reality, and wants genuine peaceful coexistence, there is no reason for us not to sit down with the United States,’ Kim was quoted as saying by state news agency KCNA.

Trump has also signaled an intent to sit down with Russian and Chinese leaders to come to an agreement on scaling back nuclear weapons arsenals. It’s a top priority for the administration, according to the official, but the ball is in China’s court to start being honest about its nuclear arsenal.

‘The first thing that would need to happen is for the Chinese to acknowledge and be more transparent about its own programs, in order to understand what direction within the discussion, what objectives, could be obtained.’

The Defense Department has assessed that China has around 600 nuclear warheads as of mid-2024, but is rapidly increasing its supplies and may have over 1,000 by 2030.

Open source estimates place North Korea’s arsenal at about 50 warheads, with fissile material for 70–90 warheads total.

The official also confirmed that reviews of the AUKUS (Australia-United Kingdom-U.S.) submarine pact are under way across all partner governments, with updates expected this fall. Those talks, along with the October summits President Trump plans to attend in Asia, are expected to set the tone for the next phase of U.S. engagement in the region.

With North Korea showing no sign of returning to talks and China stonewalling on transparency, U.S. officials say the administration is leaning on allies and doubling down on deterrence.

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