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Silver Crown Royalties Executes LOI with Kuya Silver for a Silver Royalty on the Bethania Silver Project

(TheNewswire)

TORONTO, ON TheNewswire – June 19, 2025 Silver Crown Royalties Inc. (‘ Silver Crown ‘, ‘ SCRi ‘, or the ‘ Company ‘) (Cboe:SCRI; OTCQX:SLCRF; FRA:QS0) is pleased to announce the signing of a Letter of Intent (‘ LOI ‘) with Kuya Silver Corp. (CSE: KUYA; OTCQB: KUYAF; FSE: 6MR1) (‘ Kuya ‘ or ‘ Kuya Silver ‘) to acquire a 4.5% royalty on silver produced from Kuya’s Bethania Silver Mine in Huancavelica, Central Peru.

The Bethania Silver Mine, which resumed production in May 2024, includes the Bethania Mine and Carmelitas property and is accessible year-round via a 4-hour drive from Huancayo. The Bethania Silver Mine was previously operational until 2016.

Under the terms of the LOI, Silver Crown will acquire the royalty for US$3,000,000 in cash and US$2,000,000 in Silver Crown units at C$6.50 per unit (the ‘ Units ‘) or the 5-day volume-weighted average price (VWAP) of SCRi’s common shares (the ‘ Common Shares ‘) prior to closing. Each Unit will consist of one Common Share and one-half of a warrant, with each whole warrant exercisable at C$13.00 per Common Share for a period of three years.

SCRi will receive: (i) 4,500 ounces of silver per quarter for the first four (4) quarters, (ii) 9,000 ounces per quarter for quarters five (5) through eight (8), and (iii) 12,375 ounces per quarter for quarters nine (9) through 40. After delivering 475,000 ounces, the royalty will reduce to 1% for the mine’s remaining life.

Peter Bures, Silver Crown’s Chairman and Chief Executive Officer, commented, ‘We are excited to initiate a partnership with Kuya Silver that can potentially translate to a materially impactful increase to SCRi’s silver revenue profile paving a way from 78,000 to over 128,000 annual silver ounces.’

ABOUT Silver Crown Royalties INC.

Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:

Silver Crown Royalties Inc.

Peter Bures, Chairman and CEO

Telephone: (416) 481-1744

Email: pbures@silvercrownroyalties.com

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to: the anticipated execution of a definitive agreement with Kuya Silver; expected silver deliveries under the proposed royalty; the potential for exploration bonuses; projected increases in SCRi’s silver revenue profile; the successful completion of due diligence and regulatory approvals; the ability to finance the cash portion of the transaction; the future operational performance of the Bethania Silver Mine; and the realization of strategic and financial benefits from the proposed royalty acquisition.

Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. 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, the reader is cautioned not to place undue reliance on forward-looking statements.

CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Freegold Achieves over 90% Gold Recovery Using BIOX® and greater than 92% Gold Recovery using POX – Additional Metallurgical Work Remains Ongoing

  • All three methods tested: BIOX®, POX, and the Albion Process yield over 90% gold recovery
  • Further work to enhance sulphide recoveries through oxidation, as well as gravity, flotation and CIL recoveries, is in progress

Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) (‘Freegold’ or the ‘Company ‘) is pleased to announce further results from the ongoing metallurgical test work currently underway.

The current initiatives are focused on refining the flowsheet options for the pre-feasibility study. This includes testing and ongoing evaluation of sulphide-oxidizing methods such as BIOX®, POX, and the Albion Process, as well as further gravity, flotation and CIL test work.

Earlier this year, Freegold reported 93% recovery using the Albion Process oxidation-CIL, with further test work ongoing.  Comminution tests using half-PQ core have been conducted on over 50 samples from various locations and lithologies within the deposit. These tests provide information to evaluate the trade-off between grind size and liberation versus power consumption, to optimize power requirements and operating costs while enhancing gold recovery.

The BIOX test work has been in progress for several months, and results have shown that gold recovery rates of greater than 90% can be achieved.

2025 PROGRAM

  • Drilling is now underway with three rigs

Conversion of inferred resources into indicated & further exploration drilling.

  • Updated mineral resource
  • Ongoing metallurgical work, focusing on flowsheet optionality with sulphide oxidation is a key part of our strategy to maximize the potential of the resource.
  • Commencement of a Pre-Feasibility Study (PFS)

Summary of Gold Recovery using   BIOX®,

A series of BIOX® amenability oxidation tests have been completed using a sulphide rougher concentrate produced from a composite of Golden Summit material sourced from eight diamond drill hole assay rejects.  The duration of the biological oxidation tests conducted was 10, 15, 20, 30 and a duplicate 30 days.  The residue from these BIOX® tests was subjected to CIL treatment, and overall gold recovery from gravity, rougher flotation, BIOX® treatment, and CIL averaged 91% from this suite of test work.

Summary of Gold Recovery using   POX,

Pressure oxidation (POX) treatment of sulphide rougher concentrate, as well as a cleaner concentrate, with lower mass and only marginally lower gold deportment, has been completed.  The POX residue was washed and neutralized and subjected to CIL leaching for gold recovery.  The POX-CIL testwork has yielded an average overall gold recovery of over 92% in a process flowsheet incorporating gravity, flotation, POX, and CIL.

This testwork utilized eight drill core composites comprising 1,192 meters of drill intercepts that represent 587 continuous mineralized intervals, with a total material weight of over 5,100 kilograms. These composites represent different locations and grades within the Dolphin and Cleary area and were created using continuous drill intervals chosen to reflect potential mill feed (Refer to the map below for hole locations.) The selections of drill holes and intervals included the primary gold-hosting lithologies.  These composites were prepared from laboratory assay rejects of fresh rock intervals located well below the existing oxide cap at Golden Summit.  Additionally, four large-diameter PQ holes were drilled during 2024. A total of 7,600 kg has been made available for comminution testing and ongoing metallurgical testwork.

Two additional PQ holes are being drilled in the 2025 program to enhance our metallurgical test work. This work aims to provide data for trade-off studies in the pre-feasibility study, developing a process flowsheet to maximize economic returns. Ongoing tests indicate that part of the mineralization is non-refractory and can be processed conventionally, although additional sulfide processing is necessary for optimal recovery. The September 2024 resource estimate, based on a gold price of $1,973 , included grinding, gravity separation, flotation, regrinding of sulphide concentrate, and CIL treatment, achieving a 72% gold recovery rate at a processing cost of $14 per ton.

The current program is designed to test sulphide oxidation methods, aiming to increase recoveries beyond the 72% gold recovery reported in the September 2024 resource estimate. Each of the three oxidation methods tested successfully demonstrated the potential to achieve gold recoveries exceeding 90%. These methods may increase costs; however, higher gold recoveries and gold prices could offset the additional capital expenditures (CAPEX) and operating expenditures (OPEX ) costs. Ongoing work will focus on identifying the most suitable oxidation method for use in the pre-feasibility study.

Discovery costs at Golden Summit are under $4.00 per ounce. Since 2020, exploration at Golden Summit has transformed the project, evolving to one of North America’s most significant undeveloped gold resources, owing to a revised interpretation, extensive drilling, and a robust metallurgical program. There remains considerable potential for further expansion and optimisation as the project advances. The revised mineral resource estimate, incorporating the 2024 drilling, is expected to be finalised soon.

The current 2025 drilling program aims to upgrade inferred resources to indicated through infill drilling. Drilling for geotechnical purposes, resource definition, and additional metallurgical test holes will also be carried out. A total of 30,000 metres of drilling is planned. Archaeological fieldwork and geotechnical drilling are scheduled to commence shortly, with a fourth drill rig added to enhance exploration efforts. A pre-feasibility study is set to begin later this year.

Link to the Plan Map:

https://freegoldventures.com/site/assets/files/6287/fvl06192025_ddhplan.png

HQ Core is logged, photographed and cut in half using a diamond saw, and one-half placed in sealed bags for preparation and subsequent geochemical analysis by MSA Laboratories in Prince George, BC , and/or Fairbanks, Alaska .  At MSALABS, the entire sample will be dried and crushed to 70% passing -2mm (CRU-CPA). A ~500g riffle split will be analyzed for gold using CHRYSOS PhotonAssay (CPA-Au1). From this, 250g will be further riffle split from the original PhotonAssay sample, pulverized, and a 0.25g sub-sample analysed for multi-element geochemistry using MSA’s IMS230 package, which includes 4-acid digestion and ICP-MS finish. MSALABS operates under ISO/IEC 17025 and ISO 9001 certified quality systems. A QA/QC program includes laboratory and field standards inserted every ten samples. Blanks are inserted at the start of the submittal, and at least one blank every 25 standards.

The Qualified Person for this release is Alvin Jackson, P.Geo., Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

About Freegold Ventures Limited  
Freegold is a TSX-listed company focused on exploration in Alaska . It holds the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.

Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See Freegold’s Annual Information Form for the year ended December 31st, 2024 , filed under Freegold’s profile at www.sedar.com , for a detailed discussion of the risk factors associated with Freegold’s operations. On January 30, 2020 , the World Health Organization declared the COVID-19 outbreak a global health emergency. Reactions to the spread of COVID-19 continue to lead to, among other things, significant restrictions on travel, business closures, quarantines, and a general reduction in economic activity. While these effects have been reduced in recent months, the continuation and re-introduction of significant restrictions, business disruptions, and related financial impact, and the duration of any such disruptions cannot be reasonably estimated. The risks to Freegold of such public health crises also include employee health and safety risks and a slowdown or temporary suspension of operations in geographic locations impacted by an outbreak. Such public health crises, as well as global geopolitical crises, can result in volatility and disruptions in the supply and demand for various products and services, global supply chains, and financial markets, as well as declining trade and market sentiment and reduced mobility of people, all of which could affect interest rates, credit ratings, credit risk, and inflation. As a result of the COVID-19 outbreak, Freegold has implemented a COVID management program and established a full-service Camp at Golden Summit to attempt to mitigate risks to its employees, contractors, and community. While the extent to which COVID-19 may impact Freegold is uncertain, it is possible that COVID-19 may have a material adverse effect   on Freegold’s business, results of operations, and financial condition.

SOURCE Freegold Ventures Limited

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2025/19/c8191.html

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Kobo Resources Intersects 21.5 m at 1.14 g/t Au and 20.0 m at 1.41 g/t Au at the Jagger Zone and Files FY 2025 Financial Results

  • All reported holes intersected gold mineralization, reinforcing continuity and improving structural understanding at the Jagger Zone
  • Results support   the Company’s systematic exploration and targeting approach for further resource definition at Kossou

Kobo Resources Inc. (‘ Kobo’ or the ‘ Company ‘) ( TSX.V: KRI ) is pleased to announce additional diamond drill results from the ongoing exploration program at its 100%-owned Kossou Gold Project (‘ Kossou ‘) in Côte d’Ivoire. Results from the Jagger Zone continue to confirm broad zones of mineralisation and extend the footprint of gold-bearing structures along strike and at depth.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250619919405/en/

Diamond Drill Results Highlights:

Jagger Zone:

  • KDD0081
    • 8.0 m at 2.13 g/t Au from 140.0 metres (‘m’), including 2.0 m at 7.00 g/t Au from 140.0 m
  • KDD0082
    • 30.0 m at 0.64 g/t Au from 128.0 m, including 10.25 m at 0.80 g/t Au, from 128.0 m and 2.0 m at 1.90 g/t Au from 143.0 m
  • KDD0083
    • 7.0 m at 1.18 g/t Au from 123.0 m
    • 6.0 m at 2.07 g/t Au from 138.0 m, including 1.0 m at 8.47 g/t Au from 64.0 m
    • 7.3 m at 1.63 g/t Au from 95.0 m
  • KDD0084
    • 8.0 m at 1.41 g/t Au from 88.0 m
    • 21.5* m at 1.14 g/t Au from 106.0 m, including 4.0 m at 1.98 g/t Au from 106.0 m, 4.0 m at 1.27 g/t Au from 115.0 m, and 1.5 m at 4.93 g/t Au from 126.0 m
  • KDD0085
    • 20.0 m at 1.41* g/t Au from 106.0 m, including 5.0 m at 3.70 g/t Au from 121.0 m and including 2.0 m at 8.47 g/t Au from 123.0 m

Edward Gosselin, CEO and Director of Kobo commented: ‘These latest results reinforce the scale and continuity of gold mineralisation at the Jagger Zone. We are encouraged by the width and tenor of the intercepts, which continue to validate our structural model and further support our systematic exploration approach at Kossou. With drilling still underway across our other high-priority targets, we are well-positioned to advance Kossou toward its maiden resource estimate next year as our exploration work continues.’

Jagger Zone Drilling Highlights Scale and Continuity

Results from seven diamond drill holes (KDD0080 to KDD0086), completed on sections JZ 525 to JZ 725 within the Jagger Zone, have been received and continue to expand the Company’s understanding of this highly prospective target (see Figure 1).

Gold mineralisation is hosted within and along the contacts of quartz feldspar porphyry and diorite intrusions, as well as within sheared contacts of basaltic massive and pillowed flow units. These structures define significant, laterally and vertically continuous gold-bearing zones that are traceable along strike and down dip. Notably, wide mineralised intervals in hole KDD0084, including 8.0 m at 1.41 g/t Au from 88.0 m and 21.5 m at 1.14 g/t Au* from 106.0 m (see Figure 2), demonstrate the presence of multiple stacked gold zones across the broader Jagger Shear Zone.

On section JZ 700, gold mineralisation continues to demonstrate strong continuity and consistent geological associations observed in earlier drilling. Notable intercepts include 20.0 m at 1.41 g/t Au* from 106.0 m, including 5.0 m at 3.70 g/t Au, and 7.0 m at 1.20 g/t Au from 154.0 m. These results support the broader interpretation of the Jagger Shear Zone as a robust, multi-zone gold system and correlate well with previously reported drill holes and surface trench KTR030a (see Figure 3 for Section JZ 700.)

Geological and Structural Setting of Gold Mineralisation at Kossou and the Jagger Zone

Gold mineralisation at Kossou is hosted within a N-S trending, steeply west-dipping deformation corridor associated with the regional Contact Zone Fault, which separates basaltic volcanic flows from volcano-sedimentary rocks. Within this corridor, the ‘Jagger Shear Corridor’, brittle-ductile shear zones act as the primary structural controls on gold emplacement, particularly where lithological contrasts occur between basaltic units and intrusive rocks, including diorite and quartz-feldspar porphyry dykes.

At the Jagger Zone, the main shear system is developed within a zone approximately 70-m wide and is closely associated with intrusive contacts. Drill core analysis has identified multiple quartz vein generations related to mineralisation. The V1 vein set consists of quartz veins and veinlets parallel to the S1 foliation, commonly occurring within the main shear zones and bearing gold. The dominant mineralized structures, however, are V2A veins, which trend west-northwest to northwest and are prominent both within and adjacent to the shears. A secondary vein set, V2B, is characterized by sub-horizontal hairline fractures and veinlets, which carry only sporadic gold mineralisation.

Drilling to date indicates that gold mineralisation pinches and swells along strike and at depth, consistent with structurally controlled orogenic gold systems commonly found within the Birimian terrane of West Africa.

Table 1: Summary of Significant Diamond Drill Hole Results

BHID

East

North

Elev.

Az.

Dip

Length

From
(m)

To (m)

Int.
(m)

Au
g/t

Target

KDD0080

228997

775340

338

70

-50

233.05

32.00

34.00

2.00

1.80

Jagger

49.00

51.00

2.00

2.18

Jagger

60.00

61.00

1.00

2.31

Jagger

70.00

76.00

6.00

0.91

Jagger

100.00

102.20

2.20

0.99

Jagger

115.00

117.00

2.00

0.59

Jagger

126.00

127.00

1.00

1.86

Jagger

181.00

182.00

1.00

1.10

Jagger

201.00

207.05

6.05

0.67

Jagger

incl.

205.00

207.05

2.05

1.43

Jagger

221.85

223.00

1.15

1.19

Jagger

KDD0081

228958

775353

333

70

-50

266.05

31.00

32.00

1.00

2.02

Jagger

45.00

46.00

1.00

1.52

Jagger

70.00

72.40

2.40

1.04

Jagger

78.00

80.00

2.00

0.67

Jagger

123.00

124.00

1.00

1.49

Jagger

130.00

133.00

3.00

1.15

Jagger

140.00

148.00

8.00

2.13

Jagger

incl.

140.00

142.00

2.00

7.00

Jagger

175.10

176.20

1.10

1.79

Jagger

KDD0082

228973

775257

364

70

-50

293.05

22.00

23.00

1.00

1.51

Jagger

104.00

105.00

1.00

6.61

Jagger

110.00

111.00

1.00

1.42

Jagger

128.00

158.00

30.00

0.64*

Jagger

incl.

128.00

138.25

10.25

0.80

Jagger

incl.

143.00

145.00

2.00

1.90

Jagger

incl.

148.00

158.00

10.00

0.60

Jagger

161.40

164.00

2.60

0.65

Jagger

KDD0083

229013

775240

361

70

-50

236.05

32.00

33.00

1.00

3.73

Jagger

62.00

63.00

1.00

3.17

Jagger

71.00

72.00

1.00

8.42

Jagger

80.00

84.00

4.00

0.87

Jagger

100.00

101.00

1.00

1.33

Jagger

104.00

105.00

2.00

1.29

Jagger

109.40

117.00

7.60

0.35

Jagger

123.00

130.00

7.00

1.18

Jagger

138.00

144.00

6.00

2.07

Jagger

161.00

163.60

2.60

1.04

Jagger

KDD0084

229018

775216

361

70

-50

164.05

67.00

69.00

2.00

0.83

Jagger

80.00

83.00

3.00

1.00

Jagger

88.00

96.00

8.00

1.41

Jagger

106.00

127.50

21.50

1.14*

Jagger

incl.

106.00

110.00

4.00

1.99

Jagger

incl.

115.00

119.00

4.00

1.27

Jagger

incl.

126.00

127.50

1.50

4.93

Jagger

KDD0085

228982

775175

358

70

-50

182.05

83.00

84.00

1.00

2.38

Jagger

106.00

126.00

20.00

1.41*

Jagger

incl.

113.00

117.00

4.00

1.25

Jagger

incl.

121.00

126.00

5.00

3.70

Jagger

incl.

123.00

125.00

2.00

8.47

Jagger

154.00

161.00

7.00

1.20

Jagger

169.00

172.00

3.00

1.38

Jagger

KDD0086

229024

775165

345

70

-50

143.00

71.60

73.00

1.40

1.63

Jagger

82.00

89.00

7.00

1.04

Jagger

95.00

107.00

12.00

0.68

Jagger

118.00

123.00

5.00

0.69

Jagger

Notes:

Cut-off using 2.0 m at 0.30 g/t Au

Intervals are reported with no more than 3 m of internal dilution of less than 0.3 g/t Au except where indicated*

An accurate dip and strike and controls of mineralisation are unconfirmed at this time and the true width of mineralisation are unconfirmed at this time. Drill holes are planned to intersect mineralised zones perpendicular to interpreted targets. All intercepts reported are downhole distances.

The Company also reports the filing of its audited consolidated financial statements for the twelve-month period ended March 31, 2025, and related management’s discussion and analysis. Copies of these financial statements and related management’s discussion and analysis can be found on the Company’s issuer profile on SEDAR+ at www.sedarplus.ca as well as on the Company’s website at www.koboresources.com .

Sampling, QA/QC, and Analytical Procedures

Drill core was logged and sampled by Kobo personnel at site. Drill cores were sawn in half, with one half remaining in the core box and the other half secured into new plastic sample bags with sample number tickets. Core samples are drilled HQ to below oxidation level and then is reduced to NQ for the remainder of the drill hole. Samples are transported to the SGS Côte d’Ivoire facility in Yamoussoukro by Kobo personnel where the entire sample was prepared for analysis (prep code PRP86/PRP94). Sample splits of 50 grams were then analysed for gold using 50g Fire Assay as per SGS Geochem Method FAA505. QA/QC procedures for the drill program include insertion of a certificated standards every 20 samples, a blank every 20 samples and a duplicate sample (split of the 1 m original sample) every 20 samples. All QAQC control samples returned values within acceptable limits.

Review of Technical Information

The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, P.Geo., who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo.

About Kobo Resources Inc.

Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d’Ivoire, one of West Africa’s most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.

With over 15,000 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling, and 5,900 metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou’s Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development.

Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d’Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo’s common shares trade on the TSX Venture Exchange under the symbol ‘KRI’. For more information, please visit www.koboresources.com .

Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.

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

Cautionary Statement on Forward-looking Information:

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Stallion Uranium: Positioned for Discovery in the World’s Premier Uranium District

Stallion Uranium (TSXV:STUD,OTCQB:STLNF) is a Canadian exploration company focused on unlocking new discoveries in the underexplored southwestern Athabasca Basin—an emerging frontier with exceptional geological potential. With more than 709,000 acres under control, Stallion holds one of the largest land positions among junior explorers in the region.

As global uranium demand accelerates—driven by over 900 reactors in operation, construction, or planning—Stallion is well-positioned to benefit from a growing supply gap. The Athabasca Basin, known for uranium grades up to 20 times the global average, remains the world’s premier jurisdiction for high-grade uranium exploration.

Stallion Uranium holds one of the largest underexplored land packages in the Athabasca Basin, covering more than 709,000 acres in the highly prospective southwestern region. Using advanced geophysics and a proven exploration framework, the company has systematically identified and ranked nine Tier-1 uranium targets across its portfolio. From these, three high-priority corridors have been selected for near-term exploration—each displaying the key geological and structural characteristics associated with major high-grade discoveries in the Basin.

Company Highlights

  • Large-scale land position: 709,192 acres in the underexplored southwestern Athabasca Basin.
  • World-class exploration address: Athabasca Basin accounts for ~15 percent of global uranium production and hosts the world’s highest-grade deposits.
  • Tier-1 targets: Nine high-priority uranium targets identified; three prioritized for near-term drilling: Coyote, Fishhook and Lynx – each defined by advanced geophysics and ideal structural settings.
  • Discovery-focused leadership: Team responsible for discoveries including NexGen’s Arrow and Hathor’s Roughrider.
  • Strong market fundamentals: Global reactor count rising, while uranium supply remains structurally constrained.
  • Near-term catalysts: Drilling at Coyote planned for H2 2025; expanded geophysics underway across portfolio.

This Stallion Uranium profile is part of a paid investor education campaign.*

Click here to connect with Stallion Uranium (TSXV:STUD) to receive an Investor Presentation

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Harvest Gold: Advancing the Large-scale Mousseau Gold Project in Quebec’s World-class Abitibi Region

Harvest Gold (TSXV:HVG) is a Canadian junior explorer focused on advancing a portfolio of gold projects in Quebec’s prolific Abitibi Greenstone Belt—one of the world’s most productive gold regions, with over 200 million ounces of historical output. Its Mousseau, Urban Barry, and LaBelle properties are strategically positioned within and near the Urban Barry Greenstone Belt, a rapidly emerging gold camp attracting significant exploration activity and investment from majors such as Gold Fields and Osisko Mining.

The Urban Barry Belt hosts major deposits like Windfall (now owned by Gold Fields) and Bonterra’s Gladiator and Barry, making it a hotspot for gold discovery. In a region increasingly dominated by majors, Harvest Gold offers rare early-stage exposure through three large, independently held land packages with road access, infrastructure, and newly cleared ground—setting the stage for high-impact exploration and potential acquisition.

Harvest Gold is backed by Crescat Capital, a prominent institutional investor with a strong track record of supporting early-stage discoveries. Crescat’s investment was driven by the endorsement of their strategic advisor, Dr. Quinton Hennigh, a globally recognized exploration geologist. His confidence in the company’s land positioning and geological model is a powerful validation of Harvest’s potential.

Company Highlights

  • Flagship Mousseau Project: Large-scale, advanced-stage exploration property with multiple confirmed gold-bearing shear zones.
  • Tier-one address: All projects located in Quebec’s Urban Barry Greenstone Belt where Gold Fields recently acquired Osisko Mining’s world-class Windfall deposit and much of the rest of the Urban Barry belt.
  • Institutional Backing: Crescat Capital, with renowned Advisor, geologist Dr. Quinton Hennigh, owns approximately 19 percent of Harvest Gold.
  • Skilled Technical Team: Leadership includes seasoned geologists and executives with proven discovery and development track records.
  • Favourable Jurisdiction: Operates in Quebec, a politically stable, mining-friendly province with excellent infrastructure and low exploration costs.
  • Strategic Timing: Recent forest fires have unveiled new outcrops, offering rare exploration advantages. Gold is trading at an all-time high.

This Harvest Gold profile is part of a paid investor education campaign.*

Click here to connect with Harvest Gold (TSXV:HVG) to receive an Investor Presentation

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Amazon expects to cut corporate jobs as it relies more on AI

Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence ‘will reduce our total corporate workforce as we get efficiency gains’ over time.

‘We will need fewer people doing some of the jobs that are being done today, and more people do other types of jobs,’ Jassy added in a memo to Amazon’s workforce.

The CEO of the country’s second-largest retailer and employer said Amazon is using generative AI ‘in virtually every corner of the company.’

Amazon employs more than 1.5 million people worldwide, according its most recent annual report.

This year, Amazon plans to spend $100 billion to expand AI services and data centers that power them, up from $83 billion last year.

Jassy said he believes so-called ‘AI agents’ will ‘change how we all work and live.’ While ‘many of these agents have yet to be built,’ he said, ‘they’re coming, and fast.’

He continued by saying that they will ‘change the scope and speed at which we can innovate for customers.’

Amazon currently has more than a thousand AI services and applications running inside the company or in progress of being built.

Jassy’s comments Tuesday will likely invoke fears that many corporate workers have had as artificial intelligence captures the eye of efficiency-minded executives across corporate America. A recent study from Bloomberg Intelligence said that AI could replace up to 200,000 banking jobs.

Amazon CEO Andy Jassy in New York on Feb. 26.Michael Nagle / Bloomberg via Getty Images

Artificial intelligence has also been shown to be effective at coding for software programs.

Cybersecurity firm Crowdstrike eliminted 5% of its workforce in May, saying that AI was driving ‘efficiencies across both the front and back office.’

Shopify CEO Tobi Lutke said managers at the e-commerce company will be expected to prove why they ‘cannot get what they want done using AI’ before asking for more headcount.

‘Having AI alongside the journey and increasingly doing not just the consultation, but also doing the work for our merchants is a mind-blowing step function change here,’ Lutke added.

Language learning firm Duolingo also recently said that it would replace contract workers with artificial intelligence. ‘We’ll gradually stop using contractors to do work that AI can handle,’ CEO Luis von Ahn wrote in a memo to Duolingo employees in May. ‘Headcount will only be given if a team cannot automate more of their work,’ von Ahn added.

The CEO of U.K. telecom giant BT said this week that plans to cut 40,000 jobs from the company’s workforce over the next 10 years ‘did not reflect the full potential of AI.’

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DOJ seizes record $225 million in crypto tied to global ‘pig butchering’ scams

The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions globally.

Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency traced to a sprawling web of fraudulent investment platforms. Victims were tricked into believing they were investing in legitimate crypto ventures, only to be scammed by criminal networks often operating overseas.

“This seizure of $225.3 million in funds linked to cryptocurrency investment scams marks the largest cryptocurrency seizure in U.S. Secret Service history,” said Shawn Bradstreet, special agent in charge of the U.S. Secret Service’s San Francisco Field Office, in a statement.

Authorities said the network was connected to at least 400 suspected victims worldwide, including dozens in the U.S. Crypto fraud was responsible for more than $5.8 billion in reported losses last year, according to FBI data.

The seized funds are now subject to forfeiture proceedings aimed at eventually returning money to victims.

The U.S. Secret Service and FBI used blockchain analysis and other tools to trace the cryptocurrency back to stolen assets. The DOJ credited Tether, the world’s largest stablecoin issuer, for assisting in the operation.

According to the complaint, the funds were linked to the theft and laundering of money from victims of cryptocurrency investment fraud schemes, commonly known as confidence scams that often involve romance.

The network relied on hundreds of thousands of transactions to obscure the origin of the funds, using sophisticated blockchain maneuvers to conceal the flow of stolen assets.

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Nike pushes back Skims launch with Kim Kardashian due to production delays

Kim Kardashian fans are going to have to wait a little longer for the highly anticipated NikeSKIMS line.

The activewear line will launch later this year instead of in the spring, like the companies had originally announced, because of production delays, according to a person familiar with the matter who requested anonymity to speak candidly. The person added that the delays are internal and not because of a supplier or shipping issue.

No date has been determined for the new launch date, the person added.

The person also said the relationship with Kardashian and the brand is still strong and that everyone is on the same page, but they want to make sure they take their time and get the products right.

Nike first announced the Skims partnership in February and said it would include apparel, footwear and accessories. Since then, Heidi O’Neill, one of the key leaders behind the partnership, has left the company.

New Nike CEO Elliott Hill has been betting big on the Skims brand as he looks to re-invigorate the company after recent declines in sales and its business. For Skims, which was last valued at $4 billion, the partnership with Nike brings a growth opportunity as it expands into athleisure.

Nike’s stock is down more than 20% year-to-date.

“The origin of NikeSKIMS is rooted in a desire to bring something new and unexpected to an industry that is craving something different, and to invite a new generation of women into fitness with disruptive product designed to meet their needs in both performance and style,” the company said about the line when they introduced it.

The news was first reported by Bloomberg.

Nike and SKIMS collaboration featuring Kim Kardashian, Co-Founder and Chief Creative Officer, SKIMS.Courtesy: Nike Inc.

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Senate hearing on who was ‘really running’ Biden White House kicks off Wednesday

Senate Republicans are gearing up for the first full-scale congressional hearing into the alleged cover-up of former President Joe Biden’s cognitive decline.

Senators John Cornyn, R-Texas., and Eric Schmitt, R-Mo. will co-chair a Senate Judiciary Hearing Wednesday that delves into ‘what exactly went on’ during Biden’s term and why the constitutional power to remove him from office wasn’t triggered.

Cornyn said on the Senate floor that one of the main goals of the hearing was to shine a light on what happened behind the scenes during landmark moments of Biden’s presidency, ‘from the Biden border crisis to the disastrous results from the withdrawal in Afghanistan.

‘And it’s now clear that for many months — no one knows exactly how long — the president was simply not up to the task,’ he said. ‘Whoever happened to be making those decisions and carrying out the duties of the Office of President was not somebody who was authorized by the Constitution or by a vote of the American people.’

Cornyn and Schmitt’s hearing, first announced late last month, will be held after the release of the book ‘Original Sin’ by CNN host Jake Tapper and Axios reporter Alex Thompson, which alleges the Biden White House was trying to control the narrative about the former president’s health and that his allies worked to cover up his decline.

The hearing, ‘Unfit to Serve: How the Biden Cover-Up Endangered America and Undermined the Constitution,’ features a trio of witnesses called by the Senate Republican duo who served during President Donald Trump’s first term and during the Reagan and Bush years.

Among the Republicans’ witnesses are Theodore Wold, who formerly served as acting assistant attorney general in the Office of Legal Policy at the Justice Department and deputy assistant to the president for domestic policy during the Trump administration; Sean Spicer, former White House press secretary and communications director; and John Harrison, a legal scholar from the University of Virginia School of Law who previously served during former the Reagan and Bush administrations.

Wold and Harrison told Fox News Digital their testimony would focus on Biden’s alleged usage of an autopen, a device that is used to automatically mimic a person’s signature, typically used signing of numerous documents, and how the usage of the device may have acted as a smokescreen to prevent the triggering of the 25th Amendment.

Biden has rejected assertions by lawmakers and Trump that he habitually used an autopen. Trump recently ordered Attorney General Pam Bondi to open an investigation into whether the former president’s aides ‘abused the power of Presidential signatures through the use of an autopen to conceal Biden’s cognitive decline.’

Spicer’s testimony will focus on the media’s treatment of Trump compared to Biden during their respective first terms and how some media outlets were allegedly ‘silent’ when it came to signs of the ex-president’s decline.

Democrats on the panel did not call any witnesses.

The top-ranking Democrat on the committee, Sen. Dick Durbin, D-Ill., contended that Cornyn and Schmitt were wasting the panel’s time with their endeavor.

‘We have so many important topics to consider, and this is a totally political undertaking by several of my colleagues,’ he said. ‘It is a waste of the Senate Judiciary Committee’s time.’ 

This post appeared first on FOX NEWS

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Iran warns US joining conflict would mean ‘all-out war,’ refuses demands to give up disputed nuclear program

Iran warned that the United States joining forces with Israel would mean an ‘all-out war,’ as Israel bombarded sites overnight that it says would have allowed Iran to continue enriching uranium, as well as attack Israeli forces.

‘Any American intervention would be a recipe for an all-out war in the region,’ Iranian Foreign Ministry spokesman Esmail Baghaei warned Wednesday during an interview with Al Jazeera English.

He did not elaborate, but thousands of American troops are based in nearby countries within range of Iran’s weapons. The U.S. has threatened a massive response to any attack.

Another Iranian official apparently ruled out demands for the country to give up its disputed nuclear program.

Iran’s ambassador to Geneva, Ali Bahreini, told reporters that Iran ‘will continue to produce the enriched uranium as far as we need for peaceful purposes.’

He rejected any talk of a setback to Iran’s nuclear research and development from the Israeli strikes, saying, ‘Our scientists will continue their work.’

Israeli warplanes pounded Tehran overnight and into Wednesday as Iran launched a small barrage of missiles at Israel with no reports of casualties, according to the Associated Press.

Israel says it launched the strikes to prevent Iran from building a nuclear weapon, after talks between the United States and Iran over a diplomatic resolution had made little visible progress over two months but were still ongoing. 

President Donald Trump has said Israel’s campaign came after a 60-day window he set for the talks.

Iran has long insisted its nuclear program was peaceful, though it is the only non-nuclear-armed state to enrich uranium up to 60%, a short, technical step away from weapons-grade levels of 90%. U.S. intelligence agencies have said they did not believe Iran was actively pursuing the bomb, according to the AP. Israel is believed to be the only country in the Middle East with nuclear weapons but has never publicly acknowledged them.

The Israel Defense Forces (IDF) said Wednesday that it eliminated Ali Shadmani, identified as Iran’s ‘wartime chief of staff,’ overnight. Shadmani held the role for only four days before meeting the same fate as his predecessor, spokesperson Brig. Gen. Effie Defrin said in a video statement Wednesday. 

‘We have delivered significant blows to the Iranian regime, and as such, they have been pushed back into central Iran,’ Defrin said. ‘They are now focusing their efforts on conducting missile fire from the area of Isfahan. We are aiming at military targets, they are attacking civilian homes.’

‘While we are working to remove threats from Iran, we are still fighting their proxy, Hamas in Gaza, who is still holding 53 of our hostages in brutal conditions,’ he added. ‘We will not rest until they are returned home.’  

More than fifty Israeli Air Force (IAF) fighter jets conducted three waves of strikes over three hours in an extensive operation Tuesday night, hitting an Iranian centrifuge production site ‘that was intended to enable the regime to continue to enhance its uranium enrichment,’ Defrin said in another statement Wednesday. ‘This complements actions from previous operations we have conducted targeting components of the nuclear program.’ 

Israeli forces have struck over 1,100 different components across Iran as of the sixth day of the conflict, Defrin said.

He said IAF jets also struck several weapons and missile production sites in Tehran. On Wednesday morning, Israeli aircraft identified and struck five Iranian AH-1 attack helicopters located at Kermanshah airport.

‘We have clear goals and objectives: removing the existential threat to the State of Israel, significantly impairing the nuclear program in all its components, and inflicting substantial damage to the missile array,’ Defrin said. 

The IDF said it identified around thirty launches fired from Iran towards Israeli territory in two barrages Tuesday night. 

‘Most of them were intercepted, and there were no casualties. I know these are complex days, but we cannot afford complacency,’ Defrin said, warning Israelis to strictly adhere to home-front safety guidelines. 

Trump initially distanced himself from Israel’s surprise attack on Friday that triggered the conflict, but in recent days has hinted at greater American involvement, saying he wants something ‘much bigger’ than a cease-fire. 

The U.S. has also been shifting assets to the Middle East, including sending more warplanes to the region.

Trump said in social media posts on Wednesday that the U.S. knows where Iran’s Supreme Leader is but would not kill him, for now. He also called for the ‘complete surrender’ of Iran.

‘We now have complete and total control of the skies over Iran,’ Trump wrote. 

Fox News’ Stephanie Simon and the Associated Press contributed to this report. 

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