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T2 Metals Secures Option to Acquire Shanghai Gold-Silver Project in Yukon’s Tombstone Gold Belt and Appoints Shawn Ryan to Advisory Board

T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (WKN: A2DR6E) (‘T2 Metals’ or the ‘Company’) is pleased to announce signing of an Option Agreement (the ‘Option’) with renowned explorer Shawn Ryan (‘Ryan’) and Wildwood Exploration Inc. (together with Ryan, the ‘Optionor’) to earn a 100% interest in the 27.4 sq km Shanghai gold-silver project in the Mayo Mining District, Yukon Territory, Canada. The project lies within the Tombstone Gold Belt, 12 km west of Hecla Mining’s Keno Hill silver mine, and midway between the AurMac, Eagle and Raven intrusion-related deposits (see Table 1 for further information on these deposits).

The Shanghai project includes a Class 3 permit enabling drilling, road construction and installation of a camp.

Highlights:

  • Large landholding in the Tombstone Gold Belt, one of North America’s premier gold and silver mining districts;
  • Similar geological setting to major discoveries by Sitka Gold Corp and Banyan Gold Corp;
  • No prior exploration drilling on the property;
  • High gold, silver, antimony and bismuth in soil samples provide immediate targets. Gold values in soil up to 6.1 g/t Au;
  • Permits in place for road construction and drilling;
  • Highly regarded and successful explorer Shawn Ryan to join T2 Metals’ Advisory Board;

The Shanghai project sits within the northwest portion of the Yukon’s Tombstone Gold Belt, one of North America’s most active and gold-endowed mining districts, and home to the famous Klondike goldfield (Figure 1). Recent exploration of the Tombstone Gold Belt by Snowline Gold Corp (Valley project), Sitka Gold Corp (RC Gold project), Banyan Gold Corp (AurMac project) and Sanatana Resources Inc have highlighted the potential for major new gold discoveries and value creation.

Mark Saxon, CEO of T2 Metals Corp., said, ‘We have worked hard to identify high potential gold projects to augment our existing portfolio, and are very pleased to have secured Shanghai in one of North America’s premier gold exploration districts. The project has been held by Shawn Ryan for over 20 years, during which time major gold projects have been discovered on the property boundaries.

New investment by a range of explorers in the Tombstone Gold Belt is progressively revealing significant gold deposits. We are very pleased to join the search, supported by one of the Yukon’s most successful explorers in Shawn Ryan.’

Project partner, Shawn Ryan, commented, ‘The geology and geochemistry of the Shanghai project look a lot like that from the surrounding resource-stage gold deposits, and it is a project well overdue for drilling. We are keen to see what T2 Metals will discover and I’m very happy to be advising their technical team.’

Figure 1: Regional Location of the Shanghai Project, Yukon Territory, Canada.
See Table 1 for additional information on resource-stage projects and supporting NI43-101 report references.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7326/265810_08849d2834cbbb3d_002full.jpg

The Shanghai claims cover a large area of Hyland Group metasediments immediately above the Robert Service Thrust fault with mapped mid-Cretaceous (~90Ma) Tombstone Plutonic Suite intrusions (Figure 2, 3). This setting is analogous to the AurMac deposit of Banyan Gold Corp, which hosts 112.5 million tonnes at 0.63 g/t Au (for 2.28 million oz of gold) in the Indicated Resource estimate category; and 280.6 million tonnes at 0.60 g/t Au (for 5.50 million ounces of gold) in the Inferred Resource estimate category, only 6 km to the south of Shanghai (resource information for the AurMac deposit is based on a technical report prepared for Banyan Gold Corp titled Technical Report, Aurmac Property, Yukon Territory, Canada by Hantelmann, T. et al., with an effective date of June 28, 2025 and available at www.sedarplus.ca). See Table 1 for additional information.

The presence of the Tombstone Plutonic Suite is similar to the Yukon’s most exciting recent discoveries that lie to the east (Snowline) and west (Sitka) of Shanghai.

From 2004, Ryan staked the areas surrounding the historical Shanghai silver-lead-zinc mine north of Mayo, identifying overlapping potential for intrusion-related gold and high-grade silver. As the Hyland Group presents limited outcrop, Ryan applied the techniques utilised during his discovery of the White Gold and Coffee deposits and collected more than 4,000 auger soil samples. This sample data has defined areas of high gold-antimony-bismuth, an association that correlates well to the intrusion-related gold deposits being explored by Banyan Gold Corp, Sitka Gold Corp and Snowline Gold Corp; and areas of high silver-lead which correlates to Keno Hill style mineralization.

Auger soil data covers an area of 23 km2 with gold values ranging from <0.5 ppb to 6.1 ppm averaging 17 ppb; silver values ranging from <0.05 ppm to >100 ppm averaging 0.4 ppm; and lead ranging from 15 ppm to >1% averaging 27 ppm (4435 samples). In addition to auger soil sampling, Ryan completed ground magnetics and induced polarization (‘IP’) geophysics over much of the Shanghai property. The reader is cautioned that while this information is considered reliable the Qualified Person and the Company have relied on data provided by the Optionor and has been unable to verify the information independently. Additional information as to the history of the Shanghai project can be found in NI43-101 Technical Report titled ‘Shanghai Project Technical Report, Mayo Mining District, Yukon’ dated July 15, 2022 by Doherty, R. A. (P. Geo.) on behalf of Targa Exploration Corp. on www.sedarplus.ca.

Despite the discovery potential of the project, and geological similarity to major deposits, no exploration drilling has been completed at Shanghai. T2 Metals proposes additional surface sampling and local geophysics to better refine and prioritise target areas, followed by drilling during 2026. The Shanghai project holds a valid Class 3 Quartz Mining Land Use permit which enables drilling, road construction and installation of a camp if required. The project lies within 5km of the Eagle Gold Mine road and 6 km from Baynan Gold Corp’s AurMac camp.

Figure 2: Geological Map for Shanghai Project, Yukon Territory, Canada.
See Table 1 for additional information on resource-stage projects and supporting NI43-101 report references.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7326/265810_08849d2834cbbb3d_003full.jpg

Figure 3: Cross Section from Shanghai Project to AurMac Deposit Area (see Figure for Section line).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7326/265810_08849d2834cbbb3d_004full.jpg

Option Terms

Subject to receipt of TSX Venture Exchange (‘TSXV’) approval of the Option Agreement, T2 Metals will have the option to acquire a 100% undivided interest in the Shanghai project, for a total consideration of $500,000 in cash and 3,000,000 common shares of T2 Metals to be paid to the Optionor in incremental amounts over a seven-year period, which may be accelerated at the discretion of T2 Metals. An initial cash payment of $50,000 and an initial payment of 300,000 common shares in T2 Metals will be made following TSXV acceptance of the Transaction. All shares issued under the Option Agreement will be subject to a four-month hold period from the date of issuance in accordance with applicable securities laws.

In order to exercise the Option, T2 Metals is also required to incur exploration expenditures on the Shanghai project totalling a minimum of $1,800,000 over six years, including $100,000 by November 15, 2026. Upon commencement of commercial production on the Shanghai project, the Optionor will retain a 2% net smelter return royalty on the property with 1% purchasable by T2 Metals for the cash payment of $1,000,000 to the Optionor.

The claims are located within the traditional territory of the Nacho Nyak Dun First nation, which has settled its land claim, and is a self-governing first nation.

About Shawn Ryan

As part of the Shanghai transaction, Shawn Ryan has agreed to join T2 Metals Advisory Board. Shawn is a well-known prospector and entrepreneur in the Yukon’s mineral exploration industry. He is recognized for his innovative and systematic approach to gold exploration, which has been credited with sparking a ‘second Klondike gold rush’. Ryan’s career is marked by a methodical approach to sampling, including development of a novel auger soil sampling technique, a method particularly effective in the Yukon where thick soil layers often obscure bedrock.

Shawn Ryan’s work led to several significant discoveries including the Golden Saddle and Arc deposits, which became part of the multi-million ounce White Gold Project acquired by Kinross Gold, and the Coffee project, which was sold to Goldcorp (now Newmont Corporation) for $520 million. His contributions to the industry have earned him numerous awards, including the Bill Dennis Award for prospecting from the Prospectors & Developers Association of Canada (PDAC). Shawn’s work is seen as a major factor in modernizing exploration in the Yukon and drawing new attention to the territory’s mineral potential.

Figure 4: Gold in Auger Soil Geochemistry from Shanghai Project, Yukon Territory, Canada.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7326/265810_08849d2834cbbb3d_005full.jpg

Figure 5: Silver in Auger Soil Geochemistry from Shanghai Project, Yukon Territory, Canada.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7326/265810_08849d2834cbbb3d_006full.jpg

Figure 6: Site Visit to Shanghai Project. Photo looking south to AurMac Deposit.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7326/265810_08849d2834cbbb3d_007full.jpg

About the Historic Shanghai Mine

The Shanghai mine is hosted by the Keno Hill Quartzite immediately below the regionally extensive Robert Service Thrust fault. It lies on the northern limb of the McQuesten Antiform, presenting a mirror image of the Keno Hill camp found on the southern limb of this antiform.

During the 1960’s the Shanghai Mine was explored by Silver Titan Mines Ltd with close to 800 m of underground development. Assays reported from underground workings that followed veins included 9.1 m @ 1182.8 g/t Ag, 8.2% Pb and 7.2% Zn (average width of 1.5 m) (Yukon Minfile 105M 028).

About the Tombstone Gold Belt

The Tombstone Gold Belt, a component of the larger Tintina Gold Province, is a highly prospective metallogenic province in the Yukon, with a range of well-known and emerging gold discoveries. The belt is characterized by a suite of mid-Cretaceous, reduced, felsic intrusions known as the Tombstone Plutonic Suite. These intrusive bodies and the surrounding host rocks have created conditions for the formation of numerous Intrusion-Related Gold Systems (IRGS). Exploration efforts have identified multiple mineralized corridors with gold hosted in sheeted quartz veins and disseminated mineralization within both the intrusive bodies and the hornfelsed country rocks.

Gold mineralization in the Tombstone Gold Belt is typically associated with a distinctive multi-element signature that includes bismuth, tellurium, and tungsten, along with arsenic and antimony. Gold-bearing fluids exsolved from cooling intrusions and preferentially deposited gold in brittle, structurally controlled environments. Both high-grade, structurally-controlled vein systems and lower-grade, bulk-tonnage deposits are known. The region hosts numerous significant deposits and is the site of recent discoveries by companies such as Snowline Gold Corp., Banyan Gold Corp. and Sitka Gold Corp.

Table 1: Gold Deposits in the Tombstone Gold Belt with NI43-101 References

Project EFFECTIVE
DATE		 Author Report For Tonnes
(M)		 Au
(g/t)		 Contained
Gold		 Status
Brewery Creek 18/01/2022 Cook. C. et al., 2022. Sabre Gold Mines Corp 34.5 1.03 1.142 M oz Measured & Indicated
36.0 0.88 1.018 M oz Inferred
Report Title: Preliminary Economic Assessment. NI 43-101 Technical Report on the Brewery Creek Project Yukon Territory, Canada
Eagle (Dublin Gulch) 31/12/2022 Harvey, N., 2022 Victoria Gold Corp 233.2 0.57 4.303 M oz Measured & Indicated
36.2 0.62 0.724 M oz Inferred
Report Title: Technical Report. Eagle Gold Mine. Yukon Territory, Canada
Olive (Dublin Gulch) 31/12/2022 Harvey, N., 2022 Victoria Gold Corp 11.6 0.97 0.361 M oz Measured & Indicated
5.5 1.17 206,479 Inferred
Report Title: Technical Report. Eagle Gold Mine. Yukon Territory, Canada
Raven (Dublin Gulch) 15/09/2022 Jutras, M., 2022. Victoria Gold Corp 19.9 1.67 1.071 M oz Inferred
Report Title: Technical Report On The Raven Mineral Deposit, Mayo Mining District Yukon Territory, Canada
Blackjack (RC Gold) 21/01/2025 Simpson. R., 2025 Sitka Gold Corp 39.9 1.01 1.298 M oz Indicated
34.6 0.94 1.045 M oz Inferred
Report Title: Clear Creek Property, RC Gold Project NI 43-101 Technical Report Dawson Mining District, Yukon Territory
Eiger (RC Gold) 19/01/2023 Simpson. R., 2025 Sitka Gold Corp 27.4 0.5 0.440 M oz Inferred
Report Title: Clear Creek Property, RC Gold Project. NI 43-101 Technical Report. Dawson Mining District, Yukon Territory
Airstrip (AurMac) 28/06/2025 Jutras, M., 2025 Banyan Gold Corp 27.7 0.69 0.614 M oz Indicated
10.1 0.75 0.244 M oz Inferred
Report Title: Technical Report, Aurmac Property, Yukon Territory, Canada
Powerline (AurMac) 28/06/2025 Jutras, M., 2025 Banyan Gold Corp 84.8 0.61 1.663 M oz Indicated
270.4 0.60 5.216 M oz Inferred
Report Title: Technical Report, Aurmac Property, Yukon Territory, Canada
Florin 6/04/2025 Simpson. R., 2021 St. James Gold Corp. 170.9 0.45 2.474 M oz Inferred
Report Title: Florin Gold Project. NI 43-101 Technical Report. Mayo and Dawson Mining Districts, Yukon Territory
Valley (Rouge) 15/05/2025 Burrell. H. et al., 2024 Snowline Gold Corp 75.8 1.66 4,047 M oz Indicated
81.0 1.25 3.256 M oz Inferred
Report Title: Rogue Project. NI 43-101 Technical Report and Mineral Resource Estimate. Yukon Territory, Canada

Disclaimers

The qualified person (as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects) for the Company’s projects, Mr. Mark Saxon, the Company’s Chief Executive Officer, a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists, has reviewed and approved the contents of this release.

Readers are cautioned that the discussion about adjacent or similar properties in this press release is not necessarily indicative of the mineralization or potential of the Shanghai property. The Company has no interest in or right to acquire any interest in any such adjacent properties.

About T2 Metals Corp (TSXV: TWO) (OTCQB: TWOSF) (WKN: A2DR6E)

T2 Metals Corp is an emerging copper and precious metal company enhancing shareholder value through exploration and discovery. T2 is focused on the Sherridon Project in Manitoba, the Shanghai Project in the Yukon, and the Cora Project in Arizona.

ON BEHALF OF THE BOARD,

‘Mark Saxon’

Mark Saxon
President & CEO

 For further information, please contact:

t2metals.com
1 (604) 685-93161305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
info@t2metals.com

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

Cautionary Note Regarding Forward-Looking Statements

Certain information set out in this news release constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’ and similar expressions. Forward-looking information in this press release include statements regarding the potential exercise of the Option and obtaining regulatory approval for the Option, and future exploration plans for the Company on the Shanghai project. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements.

These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. Such risks include uncertainties relating to exploration activities; risks in obtaining regulatory approval; the impact of exploration competition; unexpected geological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market risks. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws.

Source

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Trump unlocks cheaper healthcare plans that could save American families thousands of dollars

President Donald Trump just took a pivotal step to make healthcare affordable again.

On Sept. 4, his administration announced that most Americans will now be eligible to buy what are known as ‘copper plans’ on the ObamaCare exchanges. Before this reform, nearly all Americans were legally barred from buying these much more affordable plans. But now working families can get the plans they need at a price they can afford – and many uninsured people will likely get covered as a result.

The president is fixing one of the fundamental problems with ObamaCare. That law forced Americans who get their insurance on the individual market to buy costly plans, and in the 11 years since the law went into effect, they’ve gotten even pricier.  

ObamaCare plans have risen by nearly 200% since 2013. What’s more, prices for all plans are expected to rise another 18% by the start of next year.

ObamaCare’s authors knew their law would make healthcare more expensive. That’s why they quietly created an actually affordable option, which they called ‘copper plans.’ These plans cover pre-existing conditions, essential health benefits and everything else that ObamaCare requires, but they come with slightly higher out-of-pocket costs in exchange for dramatically lower premiums. 

Tens of millions of people could benefit from these options, but the federal government only allowed a minuscule number of Americans to buy them. Basically, you had to be under the age of 30. While anyone else could apply for a ‘hardship exemption’ to become eligible, the federal government rarely, if ever, granted these requests, forcing people to pay much more.

No longer. The Trump administration has effectively said that most Americans are now eligible for a hardship exemption, meaning anyone can buy a copper plan. Research from my organization shows that, on average, copper plans have 22% lower premiums than the typical bronze plan – and they cost up to 60% less than ObamaCare’s gold plans. By choosing these options, families can literally save hundreds or even thousands of dollars per year.

The return of affordability is reason enough to praise the president’s move. But this reform will have the added benefit of empowering uninsured people to finally get coverage they can afford. Nearly 27 million Americans are uninsured, many – if not most – because health insurance costs too much. They’ve needed access to copper plans, but their own government has blocked them. Now they’re free to buy better coverage.

Crucially, the uninsured population has the exact groups of people who can help the ObamaCare exchanges become more sustainable. The second and third-largest groups of the uninsured are between the ages of 26 and 34 and 35 and 44, respectively. These tend to be healthier people who don’t need costly plans because they don’t need much health care. As such, they don’t mind the higher out-of-pocket costs that come with the typical copper plan.

By helping to get more of these people covered, President Trump may very well stop the doom loop that has defined ObamaCare – a doom loop of ever-higher prices driving more and more people out of the markets altogether. And with fewer uninsured Americans and more people on private coverage, hospitals will see their uncompensated care costs drop. So hospitals – especially rural hospitals – will be on stronger footing.

This single reform could help millions – if not tens of millions – get more affordable coverage. It also meshes well with another commonsense policy issued by President Trump. He has reversed the Biden administration’s restrictions on short-term plans, empowering Americans to buy even more affordable coverage options for years at a time. 

This reform will also expand coverage to more uninsured people, while enabling others to get plans that better fit their budgets. We’re talking Americans of all ages who are in between jobs and looking for work, those who’ve retired but aren’t yet eligible for Medicare, and working families desperately looking for affordable coverage.

Americans urgently need this healthcare relief. While Democrats and the media are demanding that Republicans merely expand ObamaCare subsidies to prevent people from losing coverage, that’s not a real or sustainable solution. 

More government subsidies only make health insurance more expensive, not less. President Trump has taken the better road by giving Americans greater access to more affordable plans.

When it comes to helping families out, the president’s short-term reform will make a long-term difference, and his copper plans reform gets a gold star.

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‘No means of escape’: Sudanese rebels create kill zones around besieged city

In comments to Fox News Digital, the State Department’s position on Sudan’s warring parties has hardened, as a 500-day siege of the Darfur city of El Fasher has trapped hundreds of thousands of civilians. 

Sudan suffers from the world’s largest displacement: Between 13 million and 15 million people have been ripped from their homes, and an estimated 150,000 people have been killed since the rebel Rapid Support Forces (RSF) and the Sudanese government’s Sudanese Armed Forces (SAF) started fighting in April 2023. The civil war’s roots lie in tensions following the 2019 ousting of President Omar al-Bashir.

‘The RSF, during the siege of El Fasher and surrounding areas, committed myriad crimes against humanity, including murder, torture, enslavement, rape, sexual slavery, sexual violence, forced displacement and persecution on ethnic, gender and political grounds,’ an Independent International Fact-Finding Mission for Sudan reported to the U.N.’s Human Rights Council last Friday. 

The report agreed with other accounts that the RSF is trying to starve El Fasher’s residents to death, stating, ‘The RSF and its allies used starvation as a method of warfare.’

Aid is being blocked from going into El Fasher, the U.N. Secretary-General’s spokesperson, Stéphane Dujarric, stated Aug. 29  ‘Supplies are pre-positioned nearby but efforts by the United Nations and its partners to move them into El Fasher continue to be hampered.

‘The situation in El Fasher remains dire,’ Mariam Wahba, research analyst at the Foundation for Defense of Democracies, told Fox News Digital.  ‘The RSF has effectively encircled the city, cutting off key supply routes and subjecting civilians to indiscriminate shelling. Satellite images indicate a wall is being built to trap civilians inside, consistent with RSF tactics used elsewhere. These ‘kill zones’ leave residents with no means of escape. El-Fasher is the last major SAF-held city in Darfur. If it falls, the RSF would control nearly all of Darfur, consolidating both territory and economic assets, particularly lucrative gold mines.’

President Donald Trump’s Special Advisor for Africa, Massad Boulos, met Sudan’s army chief, Abdel Fattah al-Burhan in Switzerland last month. From the tone of the State Department’s responses to Fox News Digital’s questions on Sudan this week, there appears to be little progress on the path to peace. 

A spokesperson stated, ‘since the April 2023 outbreak of conflict in Sudan, we have witnessed significant backsliding in Sudan’s overall respect for fundamental freedoms, including religious freedom.

‘In order to safeguard U.S. interests, to include the protection of religious freedom in Sudan, U.S. efforts seek to limit negative Islamist influence in Sudan’s government and curtail Iran’s regional activities that have contributed to regional destabilization, conflict, and civilian suffering.’

Wahba is also concerned about the activities of foreign ‘bad actors’ in Sudan. ‘Iran has provided the SAF with drones and technical support. Emerging reports point to Iranian interest in helicopter facilities. Iran sees its involvement in Sudan as a gateway for extending its footprint in Africa.’

Wahba continued, ‘Russia has played both sides of the conflict. It has pursued a naval base on Sudan’s Red Sea coast, which would give Moscow direct access to critical shipping lanes, while also profiting from gold smuggling through RSF-linked networks.’

‘Regional powers are also advancing their own interests. Egypt has publicly backed the SAF, aligning with Sudan’s ruler, Abdel Fattah al-Burhan. Saudi Arabia is aligned with Egypt in backing al-Burhan. The United Arab Emirates, on the other hand, has provided significant support to the RSF, viewing its commander, Mohamed Hamdan Dagalo – widely known as Hemedti – as the custodian of Sudan’s gold exports and the path to its plans for port development along the Red Sea coast.’

Wahba concluded, ‘Burhan’s willingness to engage with Washington is a potential opening. This does not mean the U.S. should unconditionally back the SAF, but it could form the basis for a more defined U.S. strategy, one that makes U.S. engagement contingent on the SAF reining in, or removing, its Islamist militias and leadership.

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Ted Cruz torches Biden for ‘partisan and personal motives’ after bombshell report on autopen pardons

A Senate Republican charged that former President Joe Biden and top administration officials ‘demolished’ the constitutional guardrails for pardons by using an autopen.

Sen. Ted Cruz, R-Texas, wrote in a letter to Attorney General Pam Bondi, which was first obtained by Fox News Digital, that there are a list of ‘core constitutional requirements’ that must be met for pardons and granting clemency, and that the administration’s usage of an autopen likely ran afoul of those guardrails.

In the waning months of his presidency, the Biden administration commuted the sentences of roughly 1,500 inmates and pardoned 39 others in December. A little over a month later, the administration issued roughly 2,500 more commutations — the most ever by a president in a single day.

Cruz, who is a member of the Senate Judiciary Committee and chair of the Subcommittee on Federal Courts, Oversight, Agency Action, and Federal Rights, offered to provide Bondi assistance in ongoing investigations into the administration’s alleged abuse of the autopen.

He said that the clemencies were issued ‘based on broad criteria rather than case-by-case evaluations, and at least some were signed using an autopen of then-President Biden’s signature.’

‘These core Constitutional requirements, considerations, and expectations were demolished in the final months of the Biden administration for partisan and personal motives by President Biden, his family, and his top officials,’ Cruz said.

Cruz noted that the presidential pardon authority granted under Article II, Section 2 of the Constitution requires a chain of custody of sorts: there has to be an unbroken line from the president to a pardon being granted, he said.

‘Everyone involved in the process — government officials purporting to issue a pardon, the person to whom it is being granted, judicial and law enforcement officials, and most of all the American people — should have absolute confidence a pardon was granted at the president’s explicit direction,’ Cruz said.

But recent reports, and ongoing congressional investigations, have raised doubts over whether Biden explicitly directed the avalanche of pardons toward the end of his presidency.  

Cruz’s letter comes on the heels of a report from Axios that unearthed emails that showed Biden officials raised concerns with how the president’s team decided to make certain pardons and the frequent usage of the autopen.

Cruz said that the emails showed that the Biden White House ‘implemented a process that separated the President from officials responsible for signing pardons on his behalf.’

‘They could not know if they were doing so at the President’s direction, either on a case-by-case basis or as a matter of criteria,’ he said.

He argued that the doubts raised by recent reports, and the ongoing investigations by the Justice Department, risked a ‘constitutional crisis in which the other branches and the American people cannot have faith that the President’s Article 2 pardon power was legitimately deployed.’

‘If the integrity of the clemency process was broken by Biden officials, such that the relevant actions were not taken at the President’s direction, the status of the pardons and commutations would at a minimum be cast into doubt, and the officials involved in approving and using the autopens should be held accountable,’ Cruz said. 

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Inside Epstein’s infamous “birthday book”: Clinton’s note, poolside candids and bizarre animal pics

Among the files made public by the House Oversight Committee is a document that stands out for its tone: a glossy 238-page scrapbook that offers a rare and unusually intimate glimpse of Jeffrey Epstein’s self-curated network. 

The infamous ‘birthday book,’ compiled by Ghislaine Maxwell in 2003, for Epstein’s 50th includes what appears to be notes from former President Bill Clinton, Alan Dershowitz, as well as photographs that juxtapose girlfriends, animals, children’s drawings with financiers and politicians — a tableau that feels all the more unsettling today.

Maxwell wrote to Epstein at the beginning of the book that she wanted to ‘gather stories and old photographs to jog your memory about places, people and different events.’ She hoped he would ‘derive as much pleasure from looking through it’ as she did assembling it for him.

Later in the book, a photo of the two canoodling appears with a caption that reads ‘the first date,’ marked with the year 1991.

Maxwell was found guilty in 2021 of sex trafficking and other offenses, and is serving a 20-year prison term. Prosecutors said she played a central role in Epstein’s scheme, luring underage girls into what began as massages and escalated into sexual abuse.

Now 63 and incarcerated since her 2020 arrest, Maxwell told Deputy Attorney General Todd Blanche in late August that she had no role in the sexual exploitation of minors. When asked about the ‘birthday book,’ she told Blanche that she could only remember some parts of it, adding that it had been years since she compiled it. 

Among the book’s entries is an apparent note from Bill Clinton, where the former Democratic president praises Epstein’s ‘childlike curiosity’ and his ‘drive to make a difference’ as well as the ‘[illegible] of friends.’

Dershowitz, a former Harvard University law professor who once represented Epstein during criminal investigations, used his birthday note to make a joke about influencing media coverage.

‘Dear Jeffrey, as a birthday gift to you, I managed to obtain an early version of the Vanity Unfair article. I talked them into changing the focus from you to Bill Clinton, as you will see from the enclosed excerpt. Happy birthday and best regards,’ the entry said.

Dershowitz has repeatedly denied wrongdoing as it relates to Epstein.

The birthday book also contained sentimental messages from family and friends. In one note, Epstein’s mother, Pauline Stolofsky Epstein, wrote that she’s been ‘very busy reminiscing since Ghislaine asked me to write about you.’ 

‘Jeff[,] you have been a good son since day one and we have been proud of you ever since,’ Epstein’s mother said.

‘I recall you refused to sleep [as a child] unless I read a story from Grandma’s Golden Book that she bought for 25c,’ she added. ‘At PTA meetings I begged your teachers to improve your handwriting.’

She also referenced Epstein’s life as a bachelor, as well as his prominent media shout-outs.

‘At age 21 Cosmopolitan magazine featured you as ‘Bachelor of the Month,’ Pauline Epstein wrote. ‘Today you still hold that title.’

‘Jeff, I’m so sorry that Dad can’t share the nachus [pride] we have regarding your achievements,’ she added. ‘He would have been overjoyed reading the article about you in the New York magazine.’ 

The book features hundreds of photos from throughout Epstein’s life until age 50, including pictures of him as a child and a teenager.

Some of the earlier images included family pictures, formal school photos and pictures of him hanging out with friends as a teenager.

The book also had revealing images of Epstein shirtless, Epstein embracing women and what appears to be a censored photo of him and Maxwell laughing and embracing in a pool. Pictures of mating lions and zebras were also included in the book.

A picture of a woman in a bikini was also included with the caption, ‘Visiting you down in Palm Beach. Can’t get a second of privacy with you and a camera around ha ha!’

Upon the files’ release, Rep. James Comer, R-Ky., chair of the House Oversight Committee, accused Democrats of previously ‘cherry-picking’ the documents.

‘Oversight Committee Republicans are focused on running a thorough investigation to bring transparency and accountability for survivors of Epstein’s heinous crimes and the American people,’ Comer said.

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Ted Cruz accuses Biden of breaking pardon rules with autopen use after bombshell report

A Senate Republican charged that former President Joe Biden and top administration officials ‘demolished’ the constitutional guardrails for pardons by using an autopen.

Sen. Ted Cruz, R-Texas, wrote in a letter to Attorney General Pam Bondi, which was first obtained by Fox News Digital, that there are a list of ‘core constitutional requirements’ that must be met for pardons and granting clemency, and that the administration’s usage of an autopen likely ran afoul of those guardrails.

In the waning months of his presidency, the Biden administration commuted the sentences of roughly 1,500 inmates and pardoned 39 others in December. A little over a month later, the administration issued roughly 2,500 more commutations — the most ever by a president in a single day.

Cruz, who is a member of the Senate Judiciary Committee and chair of the Subcommittee on Federal Courts, Oversight, Agency Action, and Federal Rights, offered to provide Bondi assistance in ongoing investigations into the administration’s alleged abuse of the autopen.

He said that the clemencies were issued ‘based on broad criteria rather than case-by-case evaluations, and at least some were signed using an autopen of then-President Biden’s signature.’

‘These core Constitutional requirements, considerations, and expectations were demolished in the final months of the Biden administration for partisan and personal motives by President Biden, his family, and his top officials,’ Cruz said.

Cruz noted that the presidential pardon authority granted under Article II, Section 2 of the Constitution requires a chain of custody of sorts: there has to be an unbroken line from the president to a pardon being granted, he said.

‘Everyone involved in the process — government officials purporting to issue a pardon, the person to whom it is being granted, judicial and law enforcement officials, and most of all the American people — should have absolute confidence a pardon was granted at the president’s explicit direction,’ Cruz said.

But recent reports, and ongoing congressional investigations, have raised doubts over whether Biden explicitly directed the avalanche of pardons toward the end of his presidency.  

Cruz’s letter comes on the heels of a report from Axios that unearthed emails that showed Biden officials raised concerns with how the president’s team decided to make certain pardons and the frequent usage of the autopen.

Cruz said that the emails showed that the Biden White House ‘implemented a process that separated the President from officials responsible for signing pardons on his behalf.’

‘They could not know if they were doing so at the President’s direction, either on a case-by-case basis or as a matter of criteria,’ he said.

He argued that the doubts raised by recent reports, and the ongoing investigations by the Justice Department, risked a ‘constitutional crisis in which the other branches and the American people cannot have faith that the President’s Article 2 pardon power was legitimately deployed.’

‘If the integrity of the clemency process was broken by Biden officials, such that the relevant actions were not taken at the President’s direction, the status of the pardons and commutations would at a minimum be cast into doubt, and the officials involved in approving and using the autopens should be held accountable,’ Cruz said. 

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Cartier Begins the Initial Environmental Baseline Studies at Cadillac

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE: 6CA) is pleased to announce it has awarded the contract for beginning the first environmental baseline studies for the Cadillac project and an initial evaluation of economic assessment of the past-producing Chimo mine tailings to Stantec, a global leader in sustainable design and engineering. The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization.

‘ These initial baseline studies will form a foundation for Cartier by providing a comprehensive understanding of the current environmental conditions and identifying potential impacts of future development planning of the Cadillac project. The results will help guide our advancing strategies in a responsible and sustainable manner, enabling the design and implementing operations that minimize environmental impact while optimizing the economic potential of the project . ‘ – Philippe Cloutier, President and CEO of Cartier.

‘ We continue to advance the Cadillac project with a dual-focus strategy: drilling an ambitious 100,000-meter drilling campaign that combines the extensions of known gold zones and the exploration of new high-priority targets, identified using cutting-edge AI technology through our collaboration with VRIFY and now launching of the foundational environmental baseline studies. These efforts will be conducted simultaneously, with the potential for additional work emerging as the project advances. ‘ – Ronan Deroff, Vice President Exploration of Cartier.

Below is the description of the different parts:

Part 1 – Environmental Baseline Desktop Study

The environmental desktop study aims to document and characterize the potential environmental constraints on the Cadillac project footprint. This approach identifies potential environmental issues, such as atmospheric conditions, surface and groundwater management, wetlands and natural environments, terrestrial, avian and aquatic fauna as well as land uses.

The approach consists of a rigorous document review that will allow for planning the future general development of the Cadillac project, identifying sensitive areas and minimizing environmental impacts. This first step will permit to plan a comprehensive field work as a next step to the environmental baseline studies. All the information will be sufficiently comprehensive to serve as a basis for drafting Chapter 20 of a possible update to the Preliminary Economic Assessment (PEA).

Part 2 – Preliminary Environmental Geochemical Characterization

The preliminary environmental geochemical characterization study aims to assess the potential geochemical risks of the waste rock and ore that will be extracted from the operations, as well as the tailings generated during ore processing.

In accordance with the criteria of the Guide de caractérisation des résidus miniers et du minerai (GCRMM), geochemical characterization is used to classify mining materials in terms of their acid generation and metal leaching potential. Static tests will be conducted on approximately fifty samples representative of the various lithologies present on the site to determine appropriate management methods for these materials, in accordance with the guidelines of Directive 019 of the Ministère de l’Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (MELCCFP).

Part 3 – Assessment of the economic assessment of the past-producing Chimo mine tailings

This assessment aims to determine whether economic recovery of the Chimo mine tailings is feasible, considering its geochemical, granulometric and metallurgical characteristics.

The study will consist of systematic sampling, with approximately fifty sample sites planned to cover the entire tailings facility. All required authorizations to perform the sampling will be obtained prior to the field work.

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 Stantec

Stantec is a global leader in sustainable engineering, architecture, and environmental consulting. ​It empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. Stantec trades on the TSX and the NYSE under the symbol STN.

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

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Blue Lagoon Resources Nears MBBR Commissioning; Adds Key Team Members as Dome Mountain Moves Toward Production

(TheNewswire)

S eptember 9, 2025 TheNewswire – Vancouver, British Columbia Blue Lagoon Resources Inc. (‘Blue Lagoon’ or the ‘Company’) (CSE: BLLG,OTC:BLAGF; OTCQB: BLAGF; FSE: 7BL) is pleased to provide an update on its Dome Mountain Gold Project, where the Company is nearing final commissioning of its Moving Bed Biofilm Reactor (MBBR) water treatment system – the final step required before commencing blasting.

The Company expects the MBBR to be fully activated within the next 7 to 10 days , at which point the water treatment plant will be fully commissioned and blasting can begin. In the meantime, underground preparation work is scheduled to start this week to ensure the operation is fully ready for the start of mining.

Underground Work To Commence This Week

Work beginning this week includes:

  • Establishing emergency egress exit points – ensuring all ladders are secure and viable.

  • Bolt testing – testing approximately 10% of bolting as per the Ground Control Management Plan.

  • Re-establishing the ventilation system – moving and wiring underground fans and ventilation ducts.

  • Clearing and fortifying underground magazine storage units and purchasing explosives.

  • Moving small waste piles to improve efficiency once blasting begins.

  • Cleaning the underground sump.

  • Drilling at the rollover to establish the first exposed ore face.

Once the MBBR system is commissioned (expected in the next 7 to 10 days), drilling and blasting will begin immediately at both the rollover and in the incline (development work).

‘We are now extremely close to begin mining,’ said Rana Vig, President & CEO of Blue Lagoon Resources. ‘The MBBR commissioning at Dome Mountain is the last remaining step before blasting can commence, and our crews are already underground preparing for operations. We expect to transition quickly into production and near-term cash flow once the system is online.’

To further strengthen its operational readiness, Blue Lagoon has added two experienced professionals to its team:

Michael Kendall – Underground Mine Supervisor

Mr. Kendall brings more than three decades of hands-on underground mining experience, with a proven track record of leading safe, efficient, and high-performing crews across some of Canada’s most notable operations, including Eskay Creek, Rice Lake, Myra Falls, Red Chris, and Minto.

  • Former Underground Mine Manager at Fortis Mining and Underground Supervisor at Barminco (Red Chris).

  • Extensive experience in mine planning, development, and production management, including recommissioning and optimization of underground operations.

  • Recognized Mine Rescue Captain, with multiple provincial championships and decades of safety leadership.

Mr. Kendall’s deep operational knowledge and safety-first approach will be instrumental as Dome Mountain transitions from development into steady-state production.

Dr. Francis Salifu – Environmental Manager

The Company has also appointed an Environmental Manager, a seasoned professional with over 15 years of progressive experience in mining-sector environmental management, including more than five years in senior supervisory roles.

  • PhD in Environmental Science.

  • Expertise in ML/ARD mitigation, water quality and water balance modeling, and biochemical reactor (BCR) systems.

  • Formerly with Conuma Resources, PwC, and the Alberta Energy Regulator, where they developed integrated environmental management programs and improved site compliance by more than 60%.

  • Skilled in stakeholder engagement with regulators, consultants, and Indigenous communities, with a strong focus on sustainability and continuous improvement.

This appointment underscores Blue Lagoon’s commitment to the highest standards of environmental compliance and responsible mining as production begins.

‘As we prepare for mining and near-term cash flow, building the right team is critical,’ said Rana Vig, President & CEO of Blue Lagoon Resources. ‘Michael’s extensive underground experience and Francis’s proven leadership in sustainability both strengthen our operational readiness. These hires reinforce our commitment to safety, environmental stewardship, and efficient execution at Dome Mountain

About Blue Lagoon Resources Inc.

Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG,OTC:BLAGF; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 – one of only nine such permits issued in British Columbia since 2015 – Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company’s primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.

The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource.  The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.

For further information, please contact:

Rana Vig

President and CEO

Telephone: 604-218-4766

Email: rana@bllg.ca

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the ‘Company’) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘targets’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’, ‘mine’, ‘production’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions.  Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s, contractor’s and consultants’ beliefs, estimates or opinions, or other factors, should change

Copyright (c) 2025 TheNewswire – All rights reserved.

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Critical Minerals Market Expected to Reach $586 Billion by 2032 as Demand Grows for Supply of Essential Minerals

FN Media Group News Commentary – Industry experts project that the global critical minerals market will continue maintaining substantial growth as it has in recent years. The global critical minerals market is experiencing unprecedented growth, primarily driven by the accelerating transition to clean energy technologies. According to the International Energy Agency (IEA), the market size of key energy transition minerals doubled over the past five years, aligning closely with the market size for iron ore mining. This surge is largely attributed to the tripling of lithium demand, a 70% increase in cobalt demand, and a 40% rise in nickel demand between 2017 and 2022, with clean energy applications accounting for significant portions of this demand. The sustainability of the global critical minerals market is increasingly influenced by governmental initiatives aimed at reducing environmental impact and enhancing resource efficiency. A recent report from DataM Intelligence projected that Critical Minerals Market Size reached US$ 328.19 billion in 2024 and is expected to reach US$ 586.63 billion by 2032, growing with a CAGR of 7.53% during the forecast period 2025-2032. The report said: ‘A notable trend in the critical minerals market is the increasing investment in mineral development, which witnessed a 30% rise in 2022 following a 20% increase in 2021. Lithium saw the sharpest investment increase at 50%, followed by copper and nickel. This investment surge is a response to the soaring demand for minerals like lithium, cobalt, nickel, and copper, driven by the deployment of clean energy technologies such as electric vehicles, wind turbines, and solar panels.’ Active companies in the markets this week include: SAGA Metals Corp. (OTCQB: SAGMF) (TSX-V: SAGA), TMC the metals company Inc. (NASDAQ: TMC), Critical Metals Corp. (NASDAQ: CRML), Rio Tinto Group (NYSE: RIO), Empire Metals Limited (OTCQX: EPMLF) (LON: EEE).

DataM Intelligence continued: ‘The rising demand for energy transition technologies, such as electric vehicles (EVs) and renewable energy systems, is significantly driving the critical minerals market. According to the International Energy Agency (IEA), mineral demand for clean energy technologies is projected to nearly quadruple by 2040, reaching close to 40 million tonnes annually. In the scenario, lithium demand is expected to increase ninefold, while copper demand will see the largest absolute growth due to its essential role in electrification. Currently, clean energy applications account for over 40% of total demand for copper and rare earth elements, 60–70% for nickel and cobalt, and nearly 90% for lithium.’

SAGA Metals Corp. (TSX-V: SAGA) (OTCQB: SAGMF) Announces Initiation of Equity Analyst Coverage by Alphabridge Group with Outperform Rating – SAGA Metals Corp (FSE: 20H) (‘SAGA’ or the ‘Company’), a North American exploration company focused on critical mineral discovery, is pleased to announce that it has received initiation of equity analyst coverage by Alphabridge Group Inc. (‘Alphabridge’), a leading independent corporate finance advisory and research firm specializing in small and mid-cap companies with an outperform rating.

Alphabridge, based in Vancouver, Canada, is a corporate finance advisory firm that partners with growth companies to deliver strategic financial leadership across mergers & acquisitions (M&A), capital raising, valuation, and CFO services. In addition to its advisory practice, Alphabridge operates a dedicated equity research arm that focuses on providing independent coverage for companies operating at pivotal stages of development with significant growth potential. Alphabridge’s research is distributed through major institutional platforms, including S&P Capital IQ, FactSet, AlphaSense, and Thomson Eikon, as well as its newsletter with over 2,000 subscribers. Their coverage of Saga Metals is expected to highlight the Company’s strategic focus on its flagship Radar Ti-V-Fe Project in Labrador, Canada, and its emerging portfolio of critical mineral assets.

Their initiation report on Saga Metals, dated September 8, 2025, titled ‘Saga Metals Corp. (TSX.V: SAGA) – Initiating Coverage – Well-Positioned for the Critical Minerals Supercycle,’ underscores the Company’s potential to deliver value through its titanium-vanadium project.

The research report is available to view or to download from the firm’s websites: https://alphabridge.co/download-saga-metals-equity-research-report/ or upon written request sent to Alphabridge.

Alphabridge Group Inc.

Analyst: Vasant Jain, CFA

Email: vasant@alphabridge.co

Website: www.alphabridge.co

In addition, the research report will be disseminated through various third-party websites and major institutional platforms as outlined above. Investors are encouraged to review the reports for detailed insights into Saga Metals’ projects and growth strategy. Alphabridge’s Initiation Research Report includes a third-party independent review of Saga Metals, an Enterprise Valuation Analysis and a Share Price Target completed by Alphabridge’s analyst, Vasant Jain, CFA. The opinions expressed in the Research Report referenced above are the true opinions of the analyst about Saga Metals and its industry. CONTINUED … Read this full press release and more news for SAGA Metals at: https://sagametals.com/corporate-news/

Other recent developments in the mining industries of note include:

TMC the metals company Inc. (NASDAQ: TMC) , a leading developer of the world’s largest estimated undeveloped resource of critical metals essential to energy, defense, manufacturing and infrastructure, recently provided a corporate update and second quarter results for the period ending June 30, 2025.

Q2 2025 Financial Highlights Were: Total cash of approximately $115.8 million at June 30, 2025; $10.6 million cash used in operations for the quarter ended June 30, 2025; and Operating loss of $22 million, net loss of $74.3 million and net loss per share of $0.20 for the quarter ended June 30, 2025

TMC Chairman and CEO Gerard Barron commented: ‘The publication of our PFS for the NORI-D Project marks a defining moment for TMC—showing the potential of a clear, capital-efficient path to first production. Alongside our Initial Assessment of the broader NORI and TOML resource areas, these studies underscore the scale and durability of our portfolio, with a combined NPV of $23.6 billion. The strategic investment from Korea Zinc—one of the few companies outside China capable of refining our intermediate materials at scale—further strengthens our route to market. We also renewed our partnerships with Nauru and Tonga—reaffirming our commitment to delivering lasting benefits for Pacific nations.’

Critical Metals Corp. (NASDAQ: CRML) , a leading critical minerals mining company, recently announced for the first time three new assay results from the 2024 diamond drill hole program at the Fjord Deposit at the Tanbreez Rare Earth Project in Greenland.

Highlights – 2024 New Diamond Drill Hole Results Were: Consistent high-grade rare earth mineralization intersected in all four reported holes, with Total Rare Earth Oxide (TREO) grades between 0.40% and 0.42%; High proportion of heavy rare earth oxides (HREO) ~26% of TREO, reinforcing the deposit’s potential strategic value; Significant zirconium oxide (ZrO₂) grades of 1.57–1.58% across all holes; Gallium oxide (Ga₂O₃) assays between 93–99 ppm, providing a potential additional economic credit; All holes drilled vertically (-90°) through sub-horizontal, stratiform kakortokite layers, intersecting mineralisation at approximately true thicknesses.

Mineralisation remains open at depth in all reported holes; Drilling confirms continuity of grade and mineralogy across multiple sections of the Fjord Deposit, consistent with historical data; All the drill holes were collared within the Fjord Deposit with 23.6MT @ 0.42% TREO Maiden Mineral Resource; and The holes are part of the ongoing 2024–2025 Fjord Resource Upgrade program, with over 1900 m drilled to date in 2025 and further assays pending.

Rio Tinto Group (NYSE: RIO) recently announced a new operating model and executive team to shape the company’s next chapter. The changes simplify and streamline the organization to drive greater accountability and safe, sustainable, profitable growth through focusing on the most compelling opportunities to deliver long-term shareholder value.

Effective immediately, Rio Tinto will simplify its product group structure to three world-class businesses: Iron Ore; Aluminum & Lithium; and Copper. This focused structure and leadership positions each business to deliver excellence for customers and maximize competitive advantages and growth potential, while benefitting from the diversified group.

The Iron Ore product group will bring together all of Rio Tinto’s iron ore operations under the leadership of Matthew Holcz, who has been appointed Chief Executive Iron Ore. The unified portfolio will integrate Rio Tinto’s Western Australian Iron Ore operations with the Iron Ore Company of Canada and the Simandou project in Guinea upon its completion. This will combine the proven performance of the company’s established Iron Ore operations with the potential of Simandou, sharing safety best practices, cutting-edge technologies and operational experience across the entire Iron Ore portfolio to create an even stronger global business.

Empire Metals Limited (OTCQX: EPMLF) (LON: EEE), the resource exploration and development company, recently announced its interim results for the six-month period ended 30 June 2025.

Highlights:

  • Pitfield confirmed as the world’s most significant new titanium discovery, with unparalleled scale, consistency of high-grade and purity.
  • Largest drilling campaign to date launched at the Thomas Prospect delivered outstanding results and identified a large high-grade near-surface core, averaging ~6% TiO₂ over a continuous 3.6km strike.
  • Metallurgical testwork achieved a 99.25% TiO₂ product, demonstrating a highly efficient and potentially lower-cost processing route.
  • Process development work has confirmed that Pitfield’s weathered ore is ideally suited to conventional mineral separation and refining, differentiating it from ilmenite-based projects which typically face lower recoveries, higher costs, and significant environmental challenges.
  • Maiden Mineral Resource Estimate (‘MRE’) on track for release in the coming weeks.
  • £4.5m raised in May 2025 to accelerate Pitfield development, with strong institutional support.
  • Further strengthening of board and technicial team with appointment of Phil Brumit as Non-Executive Director, Alan Rubio as Study Manager and Pocholo Aviso as Hydro-metallurgist.
  • Commenced US trading on the OTCQX in the US, broadening international investor access.

Shaun Bunn, Managing Director, commented: ‘The first half of 2025 has been a period of remarkable activity and momentum for Empire. Pitfield is no longer just a discovery story – it is fast becoming recognized as a project of global importance, with results that continue to exceed expectations. Our drilling campaigns have delivered some of the highest TiO₂ grades we’ve seen to date, confirming not only the exceptional quality of the deposit but also its scale consistency and simplicity.

‘It is also encouraging to see the strength of market support for what we are building and I am confident that Empire can bring this once-in-a-lifetime discovery to commercial fruition in an expedient manner. With a world-class asset, a strengthened technical team, and strong financial backing, we are exceptionally well positioned for the next phase of growth.’

About FN Media Group:

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DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated forty five hundred dollars for news coverage of the current press releases issued by SAGA Metals Corp. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. ‘Forward-looking statements’ describe future expectations, plans, results, or strategies and are generally preceded by words such as ‘may’, ‘future’, ‘plan’ or ‘planned’, ‘will’ or ‘should’, ‘expected,’ ‘anticipates’, ‘draft’, ‘eventually’ or ‘projected’. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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Pinnacle Defines High-Grade Gold-Silver Mineralization in Dos de Mayo Mine at El Potrero

(TheNewswire)

‘As at the historic Pinos Cuates mine (see news releases for June 2 and July 22, 2025 ), the existing underground workings at Dos de Mayo are giving us an important understanding of the nature of the gold-silver mineralization at El Potrero,’ stated Robert Archer, Pinnacle’s President & CEO.  ‘What we are seeing is consistent with these low-sulphidation epithermal systems, where pockets of high-grade mineralization (called ‘clavos’ in Mexico) occur within a defined horizon, likely consistent with the ‘boiling zone’ of the hydrothermal fluids.  At both mines, the ‘main’ level appears to have been the haulage level as they are mostly unmineralized, although sporadic higher-grade assays were received.  Despite the lack of historic production records, it seems likely that the haulage levels were constructed below, and outside of, the mineralized horizon.

It is important to note that sample lengths do not represent the width of the vein or the extent of the mineralization.  They are simply the composite lengths of the individual channels sampled end-to-end and may be taken at any angle to the trend of mineralization, depending upon what is exposed underground.  While the systematic and close-spaced nature of the sampling does give a representative characterization of the mineralization, the full extent of this particular clavo, as at Pinos Cuates, is as yet unknown and will require drilling to determine.

On a larger scale, the underground sampling is providing crucial information to better understand the distribution of gold and silver mineralization such that we can correlate with the surface sampling within the collective 500 metre strike length of the historic mines and then extrapolate along the entire 1,600 metre strike length that we have defined to date.  We are currently in the planning stages for an underground drilling program at all three main mines that will effectively be delineation drilling on a fairly detailed scale.  Further information on that will be released in due course.’

Of the 53 channel samples taken in the raise, grades ranged from 0.061 to 27.6 g/t Au and 8 to 366 g/t Ag.  An additional 146 channel samples were taken on the main level at Dos de Mayo and, as noted above, values were mostly less than 1 g/t Au as this is considered to be outside of the mineralized horizon.  On a sublevel, approximately 25.5 metres above, and connected to, the main level, 42 channel samples were taken, in 9 composites, highlighted by 10.99 g/t Au and 61 g/t Ag over 0.9 metres and 4.22 g/t Au and 40 g/t Ag over 0.6 metres .  It is not yet fully understood how the sublevel is positioned relative to the mineralized zone.

Table 1: Composite Channel Assays – Dos de Mayo Raise

Sample Numbers

Composite No.

Composite Length (m)

Au g/t

Ag g/t

EPUG25507-25510

2

2.0

7.27

63

EPUG25511-25514

3

1.9

2.02

50

EPUG25516-25518 and 25521-25523

4

2.9

4.95

116

EPUG25524-25529

5

3.2

6.43

119

EPUG25530-25532

6

1.8

6.23

106

EPUG25538-25539

8

1.7

2.08

45

EPUG25541-25543

9

2.6

2.15

58

EPUG25544-25549

10

3.5

11.20

179

EPUG25550-25551

11

1.3

4.95

100

EPUG25552-25553

12

1.1

15.55

222

EPUG25556-25557

13

1.4

11.93

190

All samples were assayed for gold, silver and a suite of 32 other elements, including copper, lead and zinc.  However, the base metal assays were consistently low, confirming that this is a precious metal dominant system.

The Dos de Mayo mine is the southeasterly of three historic mines along a 500 metre strike length on the Dos de Mayo vein system on the Potrero property.  Underground sampling is now continuing at La Dura mine to the northwest.  The vein system has been traced on surface for 1,600 metres and there are other parallel and splay veins that are being further defined and evaluated as the property has never been systematically explored.  The mine workings have now been accurately surveyed and individual 3D models are being created for each mine in Leapfrog.

QA/QC

The technical results contained in this news release have been reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (‘NI 43-101’).  Pinnacle has implemented industry standard practices for sample preparation, security and analysis given the stage of the Project.  This has included common industry QA/QC procedures to monitor the quality of the assay database, including inserting certified reference material samples and blank samples into sample batches on a predetermined frequency basis.

The systematic chip channel sampling was completed across exposed mineralized structures using a hammer and maul.  The protocol for sample lengths established that they were not longer than two metres or shorter than 0.3 metres.  The veins tend to be steeply dipping to vertical, and so these samples are reasonably close to representing the true widths of the structures.  Samples were collected along the structural strike or oblique to the main structural trend.

All samples were bagged in pre-numbered plastic bags; each bag had a numbered tag inside and were tied off with adhesive tape and then bulk bagged in rice bags in batches not to exceed 40 kg.  They were then numbered, and batch bags were tied off with plastic ties and delivered directly to the SGS laboratory facility in Durango, Mexico for preparation and analysis.  The lab is accredited to ISO/IEC 17025:2017.  All Samples were delivered in person by the contract geologist who conducted the sampling under the supervision of the QP.

SGS sample preparation code G_PRP89 including weight determination, crushing, drying, splitting, and pulverizing was used following industry best practices where all samples were crushed to 75% less than 2 mm, riffle split off 250 g, pulverized split to >85% passing 75 microns (μm).  All samples were analyzed for gold using code GA_FAA30V5 with a Fire Assay determination on 30g samples with an Atomic Absorption Spectography finish.  An ICP-OES analysis package (Inductively Coupled Plasma – Optical Emission Spectrometry) including 33 elements and 4-acid digestion was performed (code GE_ICP40Q12) to determine Ag, Zn, Pb, Cu and other elements.

Qualified Person

Mr. Jorge Ortega, P. Geo, a Qualified Person, and independent from Pinnacle, as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed, verified and approved for disclosure the technical information contained in this news release.

About the Potrero Property

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).

High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length.  The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.

A previously operational 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres.  Surface rights covering the plant and mine area are privately owned (no community issues).

Pinnacle will earn an initial 50% interest immediately upon commencing production.  The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR.  If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on district-scale exploration for precious metals in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production . In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon . With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long -term , sustainable value for shareholders.

Signed: ‘Robert A. Archer’

President & CEO

For further information contact :

Email: info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release .

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