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The global lithium market endured a bruising 2025, with persistent oversupply and softer-than-expected electric vehicle (EV) demand driving prices for the battery metal to multi-year lows.

Lithium carbonate prices in North Asia slipped below US$9,550 per metric ton in February — their weakest level since 2021 — triggering production cuts and project delays, particularly in Australia and China. Despite brief rallies later in the year, prices remained under pressure, reflecting a market struggling to absorb rapid supply growth.

That imbalance has been years in the making. Global lithium carbonate output surged 192 percent between 2020 and 2024 while demand lagged, leaving the market with a large surplus.

Analysts estimate that supply exceeded demand by more than 150,000 metric tons in both 2023 and 2024, with inventories continuing to cap price recovery in 2025. Although the surplus is shrinking, high stockpiles have kept prices rangebound, with lithium carbonate largely hovering near US$10,000 for much of the year.

Volatility punctuated the lithium industry in the second half of 2025.

Prices rebounded sharply in July on supply cut speculation, briefly pushing lithium carbonate to an 11 month high above US$12,000 before retreating as producers denied meaningful reductions and inventories remained ample.

Policy uncertainty in the US, including threats to EV incentives, and regulatory signals from China further weighed on sentiment, underscoring the market’s sensitivity to both geopolitics and headlines.

Despite the prolonged downturn, analysts increasingly view 2025 as a potential inflection point. With roughly a third of global production estimated to be unprofitable at current prices, further supply rationalization appears likely.

Forecasts point to a sharply narrower surplus in 2025 and a possible deficit emerging in 2026, suggesting that while lithium’s near-term outlook remains constrained, the sector’s long-term fundamentals — driven by electrification, the energy transition and data-intensive technologies — remain intact.

Lithium in 2025: A tale of two markets

In contrast, the second half of 2025 saw a boost in prices across the lithium space as market fundamentals improved due to Contemporary Amperex Technology (SZSE:300750,HKEX:3750) curtailing operations at the Jianxiawo lepidolite mine in early August. Despite reports that Jianxiawo would restart operations in December, it is unclear if the mine, which is one of the world’s largest, is back in operation.

Concern over the removed supply pushed carbonate prices higher from mid-October through the end of the year, when they rose from US$10,417.37 to US$14,131.44, a 34 percent increase.

Battery energy storage demand key to lithium growth

Another trend Klein pointed to was the rapid growth in the battery energy storage system (BESS) market, which is expected to grow by 44 percent in 2025, representing a quarter of all battery demand.

“We’ve been talking about BESS being a very fast, growing and big part of the market, but it’s now become the consensus opinion that it’s very strong not only in China, but elsewhere,” said Klein.

Although BESS is one of the fastest-growing segments of the battery market, Klein believes its growth potential is not fully understood. “The market’s probably still underestimating that narrative about battery energy storage,” he said, adding that it is only now starting to be understood by people who are in the industry.

“But for the broader, generalist investor who still equates lithium with EVs, they don’t fully understand the battery energy storage angle, so I think they’re still underestimating that,” said Klein. The market is projected to balloon from US$13.7 billion in 2024 to US$43.4 billion by 2030, growing at a compound annual growth rate of 21.3 percent.

Industry analysts expect BESS installations could expand from roughly 205 gigawatt-hours in 2024 to between 520 and 700 gigawatt-hours by 2030, driven by renewable integration, grid stability needs and declining costs.

While EVs have dominated the lithium narrative, Del Real said the real opportunity was “never just a play on EVs or hybrids — it was a play on grid storage, energy storage,” with cheaper battery cells unlocking faster adoption.

That mispricing has created a contrarian opportunity, he added, noting that lithium’s neglect over the past six months has rewarded patient investors. “It’s lonely in the forest sometimes,” Del Real said. But when sentiment turns, “the re-rating can be spectacularly profitable if you know how to play it.”

Lithium exploration budgets evaporate

Lithium exploration budgets were sharply reduced in 2025 as miners retrenched amid prolonged price weakness.

S&P Global’s 2025 corporate exploration strategies study shows that spending on lithium and other critical minerals exploration fell significantly, even as overall non-ferrous exploration dipped only slightly.

Lithium, which had previously broken the US$1 billion mark for exploration spending, saw its allocation cut as junior companies tightened their belts and delayed programs. Cuts were most pronounced in traditional exploration hubs such as Canada, Australia and the US, where weakened junior sectors hit budgets hardest; meanwhile, regions like Chile, Peru and Saudi Arabia recorded relative gains in broader exploration funding.

Lithium remains a structurally important exploration commodity despite a sharp pullback in spending, Kevin Murphy, director of metals and mining research at S&P Global, said during a December webinar.

Murphy described the metal’s rise over the past decade as a “lithium renaissance.”

Once “completely inconsequential for exploration,” lithium has become the third most explored commodity globally over the past five years, underscoring how central it has become to future-facing supply chains.

However, that momentum stalled in 2025 as ongoing price weakness forced a reset. Murphy said lithium exploration budgets were “absolutely gutted,” falling to roughly half of 2024 levels, a decline he described as expected given depressed prices and the completion of several late-stage programs that wrapped up in late 2024 and early 2025.

“The lithium price has been depressed for too long for the budgets to be resilient,” he said, framing the downturn as cyclical rather than structural.

Lithium stocks stage H2 rally

Speaking at this year’s Benchmark Week event in November, Sean Gilmartin, senior equity analyst at Bloomberg, explained that lithium equities staged a sharp rebound in H2 after years of underperformance.

After lagging broader materials and chemical indexes for much of the first half of the year, lithium stocks surged in the second half of the year, closely tracking rising spot prices.

“Over a three year window, lithium names were still very much lagging,” Gilmartin said, “but we’ve flipped the script in a few months. Year-to-date, we’re seeing on average 47 percent gains, closely aligned with spot markets.”

He attributed the turnaround to stronger-than-expected lithium demand, particularly from BESS, as well as supply curtailments in China, which have tightened the market.

Despite the rebound, he cautioned that volatility remains a defining feature of the lithium equities space.

“You need to have a long-term view, and you have to be very adherent to your thesis,” Gilmartin said, noting that the demand story remains intact and that fundamentals continue to support growth through 2026 and beyond.

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

This post appeared first on investingnews.com

Vice President JD Vance is not mincing his words, telling the news outlet UnHerd during an interview that those who attack his wife Usha ‘can eat s—.’ 

He declared that ‘anyone who attacks my wife, whether their name is Jen Psaki or Nick Fuentes, can eat s—. That’s my official policy as vice president of the United States,’ according to an interview transcript.

Fuentes is a controversial podcaster widely described as a White nationalist with antisemitic views, while Psaki, a President Joe Biden-era White House press secretary, hosts a show on MS NOW.

Fox News Digital reached out to Fuentes on X and emailed MS Now to request a comment from Psaki.

In a November 2024 post on X, Fuentes wrote, ‘Poo-sha Vance.’ 

He has also used an ethnic slur to refer to her.

And earlier this year he wrote, ‘When conservatives attack Zohran Mamdani for being a foreigner, I just want them to keep the same energy with Vivek Ramaswamy and Usha Vance. Let’s be consistent.’  

New York City Mayor-elect Zohran Mamdani, who was born in Uganda, is a naturalized U.S. citizen, while Usha Vance and Ohio gubernatorial candidate Vivek Ramaswamy were both born in the U.S.

UnHerd had asked Vance if he disavows Fuentes. 

‘My attitude towards anybody, again, who is calling for judging people based on their ethnic heritage, whether they’re Jewish or white or anything else, it’s disgusting,’ Vance replied. ‘We shouldn’t be doing it.’

‘[That said,] I think that Nick Fuentes, his influence within Donald Trump’s administration, and within a whole host of institutions on the Right, is vastly overstated — and frankly, it’s overstated by people who want to avoid having a foreign-policy conversation about America’s relationship with Israel,’ Vance continued.

Psaki made controversial comments about the second lady during an appearance on a podcast, saying she wonders what’s happening in Usha Vance’s mind, adding, ‘Are you OK? Please … blink four times … come over here … we’ll save you.’

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Senate Democrats are gearing up for court challenges and investigations following the Department of Justice’s (DOJ) dump of hundreds of thousands of documents related to Jeffrey Epstein.

They argue that Attorney General Pam Bondi and the DOJ didn’t follow the law, which Congress passed nearly unanimously out of both chambers last month.

Senate Minority Leader Chuck Schumer, D-N.Y., who forced a successful vote in the Senate on the Epstein Files Transparency Act, argued that the ‘heavily redacted documents released by the Department of Justice today is just a fraction of the whole body of evidence.’

‘Simply releasing a mountain of blacked-out pages violates the spirit of transparency and the letter of the law,’ Schumer said in a statement. ‘For example, all 119 pages of one document were completely blacked out. We need answers as to why.’

‘Senate Democrats are working to assess the documents that have been released to determine what actions must be taken to hold the Trump administration accountable,’ he continued. ‘We will pursue every option to make sure the truth comes out.’

The law required that the DOJ release all unclassified records related to Epstein, his accomplice Ghislaine Maxwell, known associates and entities linked to Epstein and Maxwell, internal DOJ decision-making on the Epstein case, records on destroying or tampering with documents, and all documents on his detention and death.

There were narrow exceptions to what the government could opt against releasing, including materials that reveal victims’ identities or medical files, child sex abuse materials, information that could jeopardize active investigations, images of graphic death or injury, or classified national security information.

Schumer and congressional Democrats, along with some congressional Republicans, were already peeved that the DOJ wasn’t going to dump every document in its possession by Friday’s deadline.

Deputy Attorney General Todd Blanche announced that day that the agency would be taking a phased approach and said he expected ‘that we’re going to release more documents over the next couple of weeks,’ as the DOJ worked to comb through every document to ensure ‘every victim, their name, their identity, their story, to the extent it needs to be protected, is completely protected.’

But it was the inclusion of several heavily redacted documents without explanation as to why they were blacked out that raised lawmakers’ eyebrows.

Senate Minority Whip Dick Durbin, D-Ill., who also is the top Democrat on the Senate Judiciary Committee, said that Friday’s release ‘could have been a win for survivors, accountability, and transparency to the public. It wasn’t.’

He accused the Trump administration of breaking the law with how it handled the document dump and vowed that the Judiciary Committee would investigate.

‘Senate Judiciary Democrats will investigate this violation of law and make sure the American people know about it,’ Durbin said in a statement. ‘The survivors deserve better. It’s clear Donald Trump and his Republican enablers are working for the rich and powerful elites — and not you.’

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Senate Democrats are mounting a legal offensive against the Trump administration for its handling of the release of files and materials related to Jeffrey Epstein, and Senate Minority Leader Chuck Schumer, D-N.Y., has teed up the first salvo. 

Schumer on Monday announced that he would file a resolution that would compel the Senate to take legal action against the Trump administration for ‘illegally refusing to release the complete Epstein files and heavily redacting the files that are released.’ 

‘The law Congress passed is crystal clear: release the Epstein files in full, so Americans can see the truth,’ Schumer said in a statement. ‘Instead, the Trump Department of Justice dumped redactions and withheld the evidence — that breaks the law. Today, I am introducing a resolution to force the Senate to take legal action and compel this administration to comply.’

Schumer’s move comes just days after the Department of Justice (DOJ) dumped several hundred thousand documents and photos from its trove of materials related to the late Epstein. Schumer and Senate Democrats warned ahead of the document dump on Friday that unless the DOJ fully complied with the recently passed law, they would seek legal action.

They argue that Attorney General Pam Bondi and the DOJ didn’t follow the law, which Congress passed nearly unanimously out of both chambers last month.

Schumer, who forced a successful vote in the Senate on the Epstein Files Transparency Act, previously argued that the ‘heavily redacted documents released by the Department of Justice today is just a fraction of the whole body of evidence.’

‘Simply releasing a mountain of blacked-out pages violates the spirit of transparency and the letter of the law,’ Schumer said in a statement. ‘For example, all 119 pages of one document were completely blacked out. We need answers as to why.’

The law required that the DOJ release all unclassified records related to Epstein, his accomplice Ghislaine Maxwell, known associates and entities linked to Epstein and Maxwell, internal DOJ decision-making on the Epstein case, records on destroying or tampering with documents, and all documents on his detention and death.

There were narrow exceptions to what the government could opt against releasing, including materials that reveal victims’ identities or medical files, child sex abuse materials, information that could jeopardize active investigations, images of graphic death or injury, or classified national security information.

Schumer and congressional Democrats, along with some congressional Republicans, were already peeved that the DOJ wasn’t going to dump every document in its possession by Friday’s deadline.

Deputy Attorney General Todd Blanche announced that day that the agency would be taking a phased approach and said he expected ‘that we’re going to release more documents over the next couple of weeks,’ as the DOJ worked to comb through every document to ensure ‘every victim, their name, their identity, their story, to the extent it needs to be protected, is completely protected.’

But it was the inclusion of several heavily redacted documents without explanation as to why they were blacked out that raised lawmakers’ eyebrows.

Senate Minority Whip Dick Durbin, D-Ill., who also is the top Democrat on the Senate Judiciary Committee, said that Friday’s release ‘could have been a win for survivors, accountability, and transparency to the public. It wasn’t.’

He accused the Trump administration of breaking the law with how it handled the document dump and vowed that the Judiciary Committee would investigate.

‘Senate Judiciary Democrats will investigate this violation of law and make sure the American people know about it,’ Durbin said in a statement. ‘The survivors deserve better. It’s clear Donald Trump and his Republican enablers are working for the rich and powerful elites — and not you.’

This post appeared first on FOX NEWS

Nebraska Attorney General Mike Hilgers is set to file a lawsuit Monday against Resideo, a smart home tech manufacturer, alleging the company misled consumers about the safety and privacy of its devices, Fox News Digital has learned.

Resideo may not be a household name but its security cameras are widely available and could be quietly monitoring homes across the United States.

The 33-page lawsuit, filed in Nebraska state court, alleges the company failed to disclose known security vulnerabilities and national-security risks associated with cameras made by the Chinese manufacturers Hikvision and Dahua.

According to Hilgers, the cameras are linked to Chinese manufacturers that can be compelled under Chinese law to assist the country’s intelligence services. Meanwhile, Americans can purchase the cameras through ADI, Resideo’s global distribution network, which the company has marketed as a trusted security provider for homes, businesses, schools and hospitals.

‘Nebraskans install security cameras to protect their families, homes and businesses—not to invite hidden surveillance into the most private parts of their lives,’ Hilgers told Fox News Digital.

‘Selling cameras with known security risks while marketing them as ‘secure’ is deceptive and dangerous. That kind of conduct will not be tolerated in Nebraska,’ he added.

The complaint notes that Hikvision and Dahua appear on multiple U.S. government restriction lists, including under the National Defense Authorization Act and by the Federal Communications Commission, over national-security concerns, information the company does not disclose to consumers.

In the lawsuit, Hilgers is asking a judge to require clearer warnings about the cameras, fine the company, refund customers who bought the products, and change how the cameras are advertised. 

 Hikvision and Dahua did not immediately respond to Fox News Digital’s request for comment.

Hilgers isn’t alone in sounding the alarm. Others in the security space say Resideo’s products represent a broader national threat.

Michael Lucci, CEO of State Armor, said a win for Nebraska could send a message far beyond the state’s borders.

‘Companies that refuse to do the right thing for our country should pay the full price for any fraud they perpetuate on the American people,’ Lucci said. ‘General Hilgers’ leadership should be replicated across all 50 states.’

In a statement, Lucci added that ‘despite state and federal bans on dangerous Chinese Communist Party (CCP) surveillance technologies, some American companies relabel and continue to distribute cheap but dangerous Chinese tech to get around these bans.’

‘That is exactly what Resideo is doing at the expense of American manufacturers and our national security,’ Lucci said.

In September, Hilgers sued Lorex, a security camera maker that sells its products through retailers such as Costco and Best Buy, on similar allegations.

The company marketed its cameras as ‘private by design’ and safe for places like children’s bedrooms, while concealing that the devices rely on a Chinese firm sanctioned by the U.S. over national security and human rights violations. 

Lawmakers from both parties have long raised concerns that the Chinese government exploits educational exchanges, research partnerships and business investments in the U.S. as cover for espionage activities. These warnings have intensified in recent years amid growing scrutiny of Beijing’s influence operations on U.S. soil.

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A bipartisan bill to bolster research for kids’ cancer drugs was quietly killed on the Senate floor last week, the second year in a row the legislation was torpedoed.

The Mikaela Naylon Give Kids a Chance Act was primed to pass through a fast-track process with near unanimous support in the Senate on Wednesday, save for one lawmaker who sought to amend the bill: Sen. Bernie Sanders, I-Vt.

‘What’s happened right here in front of us? The Grinch is stealing kids’ lives, and they’re stealing hope from the families, hope from the families that might have an opportunity just to try for a political agenda,’ said Sen. Markwayne Mullin, R-Okla., who brought the bill to the floor.

‘And I hope to God that every single family that’s going through this will hold the senator from Vermont accountable, and the state of Vermont will hold him accountable, too, because he’s playing with kids’ lives,’ he continued. ‘He’s literally killing kids in front of us because of his political movement, and it is ridiculous.’

Sanders’ move to block the bill was not a surprise. Several lawmakers who spoke in favor of the legislation urged him not to go through with the decision as pediatric cancer research advocates looked on from the viewing gallery. But doing so once again sets the bill back to square one as Congress enters a new year.

The Vermont independent explained that he had no problem with the legislation, which would have incentivized the Food and Drug Administration (FDA) and drug companies to encourage more relevant pediatric studies and invest in rare pediatric disease treatments, but he wanted to tack on an amendment to fund community health centers throughout the country.

‘This is not a radical amendment,’ Sanders said. ‘I’m not coming here saying, ‘Let’s do something we’ve not talked about.’ I’m not talking about passing Medicare for all here. I am talking about doing what the Republicans and Democrats agreed to a year ago but was torpedoed by some tweets from Elon Musk.’

Lawmakers already had a version of the bill teed up for passage last year, attached to the colossal, year-end temporary funding extension produced by the House.

But that package was ultimately blown apart by tech billionaire Elon Musk, who at the time was coming to Washington, D.C., to serve as President Donald Trump’s government waste attack dog at the Department of Government Efficiency (DOGE).

What eventually passed in late 2024 was a slimmed-down, three-month extension to government funding without the pediatric cancer research bill, and several other policy and funding riders eyed by both sides of the aisle.

Lawmakers who spoke in support of Mullin’s bill argued that they supported Sanders’ desire to fund community health centers, but the underlying legislation was too important to let die on the vine again.

Senate Health, Education, Labor and Pensions Committee Chair Bill Cassidy, R-La., said he shared the concern for increased funding for health centers and committed to doing so when Congress returned, but that the ‘irony here is that the objection is going to come out of a genuine concern that people achieve healthcare.’

‘But there’s no one way to treat the ills, literally, the ills of the United States of America, and to think that we can do it all at once, it’s just not true,’ Cassidy said. ‘But also to say that you’re not going to give a chance for children to have a cure for cancer if you don’t get what you want, it’s just not true. It is selfish. It is tragic.’

And Sen. Maggie Hassan, D-N.H., shared Sanders’ concern, but noted that the GOP-controlled House had not committed to tackling the issue of community health center funding.

‘As disappointed as I am that the House isn’t ready to support increased funding for community health centers, I also believe that it is important to take action on this package now to help address pediatric cancer and lower prescription drug costs,’ she said. ‘So I am disappointed that this bill will not move forward today.’

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Nine Mile Metals LTD. (CSE: NINE,OTC:VMSXF) (OTC Pink: VMSXF) (FSE: KQ9) (the ‘Company’ or ‘Nine Mile’) is pleased to announce that the 3rd drill hole in its Wedge Western Extension Drill Program (DDH-WD-25-02B) has been completed.

  • DDH WD-25-02B was collared approximately 60 meters northwest of WD-25-01 and drilled at an azimuth of 325 degrees and a dip of -50 degrees to a final depth of 122 meters further increasing the mineralized footprint of the target to the west (Figure 3).
  • DDH WD-25-02B was successful, with massive copper bearing sulphides (VMS – Cu-Pb-Zn-Ag-Au) found associated with the contact breccia at 56.4m depth with mineralization continuing to 122 meters.
  • The sulphide mineralization in the drill hole occurred in both sediments and volcanics, terminating in massive copper bearing sulphides (VMS – Cu-Pb-Zn-Ag-Au) with visible Chalcopyrite (CuFeS2) as seen in Figure 1.
  • Downhole ground conditions in the fault zone (sand seams, gouge) led to the termination of the drill hole at 122 meters, as we were drilling through a massive copper zone (Figure 1).
  • Most Sample sections between 53.0 and 122.0 meters were 3 meters in length, to provide the best overall data for the drill hole. Smaller sample widths were identified and cut where appropriate.
  • With massive mineralization present at the base of the drill hole, a new drill hole is being designed by the Technical Team, to be initiated from the other side of the fault zone, (New – to be permitted) in Phase 2 – 2026.

FIGURE 1: Visible VMS Quality Mineralization, Massive Chalcopyrite (CuFeS2 ) – Samples cut for Lab Processing

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/278797_be7c233be4cc7b5b_002full.jpg 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/278797_be7c233be4cc7b5b_003full.jpg

FIGURE 2: Massive Copper Mineralization Throughout Cut Drill Core in DDH WD-25-02B Sample Section

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/278797_be7c233be4cc7b5b_004full.jpg 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/278797_be7c233be4cc7b5b_005full.jpg

FIGURE 3: Drill Hole Locations, WD-25-01, WD-25-02B

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/278797_be7c233be4cc7b5b_006full.jpg

All drill core has been measured, logged, photographed, marked and cut for sampling at the company’s warehouse in Bathurst, New Brunswick. A quick XRF analysis was also completed for sulphide confirmation – filtering and width identification in definition for sampling core for ALS Global. A total of (27) 3 meter sections have been identified for Base and Precious Metals analysis, including Antimony, and have been shipped to ALSGlobal, Moncton, New Brunswick for processing.

Gary Lohman, VP Exploration, Director, stated, ‘Drilling continues to intersect massive copper bearing mineralization in the western portion of the Wedge. The style of the mineralization varies from massive VMS (Cu-Pb-Zn-Ag-Au) to sequences of intercalated volcanics and VMS bands. XRF analysis has confirmed the high presence of copper, and we look forward to obtaining the permits required to drill this high-grade zone from the other side of the fault zone in the spring drill phase. The mineralization just continues to impress. We look forward to testing the thickness of this area of the target zone.’

Patrick J. Cruickshank, MBA, CEO & Director, stated, ‘Our 3rd drill hole, WD-25-02B continues to demonstrate the high-quality mineralization at this deposit and now we are testing the depth on the western flank of the targets. The samples clearly confirm multiple Copper rich zones, and we are systematically drilling the area to help identify the size and scale of this body. We look forward to revisiting this area of the Target Plate in our next phase of drilling, as we were just entering a very impressive high grade copper zone. We now have (3) completed drill holes with all core sample sections delivered ALS Global Labs for ‘Rush’ processing. Our team has been highly motivated to process and ship the drill core quickly for expediated assay results from ALS Global (Moncton).’

The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’) and reviewed and approved by Gary Lohman, B.Sc., PGO., VP Exploration and Director who acts as the Company’s Qualified Person, and is not independent of the Company.

About Nine Mile Metals Ltd.:

Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Wedge VMS Project, Nine Mile Brook VMS Project, California Lake VMS Project, and the Canoe Landing Lake (East – West) VMS Project. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.

Social Media

X: @NineMileMetals
LinkedIn: Nine Mile Metals
Facebook: @ Nine Mile Metals

ON BEHALF OF Nine Mile Metals LTD.,

‘Patrick J Cruickshank, MBA’
CEO and Director
T: +1.506-800-0581
E: info@ninemilemetals.com

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as ‘will,’ ‘may,’ ‘would,’ ‘expect,’ ‘intend,’ ‘plan,’ ‘seek,’ ‘anticipate,’ ‘believe,’ ‘estimate,’ ‘predict,’ ‘potential,’ ‘continue,’ ‘likely,’ ‘could’ and variations of these terms and similar expressions, or the negative of these terms or similar expressions. . Forward-looking statements in this press release include that (a) prior to commencing the 2023 exploration drill program, the ground will be mapped at surface and representative samples analyzed to determine the base and precious metal assay values , (b) the Ag and Au values will be reported upon receipt of the certified assay results from ALS Global, and (c) our current financial raise will enable us to drill the Wedge Project (along with our Canoe Landing VMS Project and follow up exploration work on our California Lake VMS Project) this season as opposed to next year. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

____________________________________________________________________________________

The Canadian Venture Building, 82 Richmond Street East, Toronto, ON M5C 1P1 (T) (506) 804-6117
www.ninemilemetals.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278797

News Provided by Newsfile via QuoteMedia

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Here’s a quick recap of the crypto landscape for Monday (December 22) as of 9:00 am UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$89,286.25, up by 2.3 percent over 24 hours.

Bitcoin price performance, December 22, 2025.

Chart via TradingView

Ether (ETH) was priced at US$3,026.40, up by 3.3 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.92, up by 1.4 percent over 24 hours.
  • Solana (SOL) was trading at US$126.14, up by 2.3 percent over 24 hours.

Today’s crypto news to know

US crypto funds See US$952M outflow amid regulatory delays

Investors pulled US$952 million from U.S. crypto investment products last week, marking the first weekly outflow in a month, according to data from CoinShares.

The exodus was concentrated in the US totaling US$990 million, which was partially offset by modest inflows into Canadian and German products.

Analysts attributed the sell-off to continued delays in the US CLARITY Act, prolonging regulatory uncertainty, alongside concerns about large holders offloading positions.

Ethereum-based funds led the outflows with US$555 million, while Bitcoin products saw US$460 million leave.

Hong Kong moves to unlock insurance capital for crypto investments

Hong Kong’s Insurance Authority has proposed new rules that would allow licensed insurers to invest in cryptocurrencies and related infrastructure, potentially unlocking billions in capital.

According to a Bloomberg report, insurers under the proposed framework would face a 100 percent “risk charge” on direct crypto holdings, meaning a dollar of capital must be set aside for every dollar invested. Stablecoins pegged to fiat would attract lower risk charges.

The initiative aims to attract institutional investors while maintaining prudential safeguards against crypto volatility.

Public consultation on the draft rules is scheduled for February through April 2025, with formal legislative submissions expected later in the year.

Binance allowed high-risk accounts post-plea deal, FT reports

Binance reportedly continued to permit suspicious accounts to operate after its US$4.3 billion U.S. plea agreement in 2023, according to a Financial Times investigation.

Internal files reviewed by the FT showed accounts linked to terror financing networks, improbable login patterns, and failed identity checks remained active, moving billions of dollars in crypto.

One account from Venezuela moved US$93 million, with portions connected to networks tied to Iran and Hezbollah.

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

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

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Copper Quest Exploration Inc. (CSE: CQX,OTC:IMIMF; FRA: 3MX) (‘Copper Quest’ or the ‘Company’) is pleased to announce that, further to its news releases of November 14, 2025 and December 10, 2025, it has completed its acquisition of the past producing Alpine Gold Property (the ‘Property’), located in the West Kootenay region of British Columbia (the ‘Acquisition’).

We are excited to offer our shareholders the opportunity to leverage a pure gold play in what has been a primarily copper-focused company. Having now successfully acquired this exceptional property with an existing historical gold resource, excellent expansion potential, and a seasoned technical team, including Alan Matovich, Ted Murano, and John Mirko, we look forward to updating our shareholders on our endeavor towards growing this current historical resource, and the possibility of seeing near-term cash flow from existing stockpiles,’ commented Brian Thurston, CEO of Copper Quest. ‘The Alpine Gold Property presents a tremendous opportunity to create near-term value for our shareholders through exposure to an all-time high gold market while we also continue to advance our multiple copper properties. Our recent financing of approximately two million dollars ensures that our shareholders will benefit from more than one exploration opportunity.’

Highlights of the Alpine Gold Property

  • 2018 National Instrument 43-101 Standards of Disclosure for Mineral Projects (‘NI 43-101’) Historical Inferred Resource of 268,000 tonnes estimated using a cut-off grade of 5.0 g/t Au and an average grade of 16.52 g/t Au that represents an inferred resource of 142,000 oz of gold (McCuaig & Giroux, 2018).
  • Substantial opportunity to grow the maiden Alpine resource to the east-west and to depth with only about 300m of the roughly 2km long vein system explored to date by underground mine workings and drilling.
  • Estimated 24,000 tonnes Run-of-Mine mineralized stockpile on surface presenting a possible near-term cash flow opportunity.
  • 1,650 metres of clean and dry underground workings accessing sampled and mineable zones.
  • At least four additional relatively unexplored vein systems on the Property (Black Prince, Cold Blow, Gold Crown, and past-producing King Solomon), all hosting historic high-grade gold values.
  • Road accessible 4,611.49-hectare Property including 15 Crown Grants (one with surface rights) and 19 staked mineral claims with all-season operation potential (Figure 1).
  • Additions of Mr. Allan Matovich to the Board of Directors of the Company (the ‘Board‘), and Mr. Ted Muraro and Mr. John Mirko as Technical Advisors on closing. They have a combined mining and exploration experience of 150+ years in the industry.

The 4,611.49-hectare Property is approximately 20 kilometres northeast of the City of Nelson (Figure 1) and hosts a former operating underground mine with a recorded production of approximately 16,810 tonnes of mineralized vein material (Table 1). This material contained 356,360 grams of gold, 222,054 grams of silver, 49,329 kilograms of lead, and 17,167 kilograms of zinc. The other four significant vein systems on the Property will also be explored including the Black Prince and Cold Blow quartz veins approximately 3km to the northeast of the Alpine mine, the Gold Crown vein system 600m southeast, and the past-producing King Solomon vein workings 1.8km to the south. Further information about the Alpine Gold property will be forthcoming in the upcoming weeks.

Figure 1: Location Claim Map

Appointment of Mr. Allan Matovich as Director

Copper Quest is also pleased to announce the appointment of Mr. Allan Matovich to the Board. Mr. Matovich has 60+ years of mining and exploration experience in Canada and the United States. He first started with Cominco in Trail, BC, working in the smelter operation. Mr. Matovich then started Matovich Mining Industries, which supplied considerable tonnages of siliceous flux materials, lead and zinc concentrates to Cominco for over 20 years. He then opened a mining operation in 1997 in Northern British Columbia to supply barite for drilling fluids in the oil and gas industry. This mining operation is still in production today. Mr. Matovich also opened a barite operation in Washington State that is going into production. He also worked with Halliburton, Baker Hughes, and Newmont and was very successful. In 2000, Mr. Matovich purchased the Alpine Gold Property and has spent a considerable amount of time proving up the project.

Mr. Matovich commented,I am very pleased to bring the Alpine Gold Property to Copper Quest and join as a director. The Company has a fantastic portfolio of advancing critical mineral projects and the Alpine Gold Project gives a potential near-term cash flow opportunity along with upside to grow the current resource with drilling. I look forward to working with the Copper Quest team to create value for all stakeholders.’

Table 1 – Production History – Minfile (082FNW127) for Alpine Mine for gold (Au) and silver (Ag)

YEAR

Tonnes Tonnes Au Grams Ag Grams Est Grade Est Grade
Mined Milled Recovered Recovered Au (g/t) Ag (g/t)
1988 200 90 198 591 2.20 6.57
*1948 16,889 11,384 25.32 17.07
*1947 2,768 1,866 15.38 10.37
*1946 11,042 5,785 18.59 9.74
*1942 56,079 34,182 824.69 502.68
1941 11,517 11,517 219,350 130,011 18.26 11.29
1940 3,992 3,992 57,852 35,333 14.49 8.85
1939 3 0 62 62    
1938 35 0 1,120 902    
1915 4 0   1,938    

*ore milled not reported

Appointment of Mr. Ted Muraro as Technical Advisor to the Board

Mr. Theodore (Ted) W. Muraro has been appointed as Technical Advisor to the Board. Mr. Muraro has accumulated over six decades of experience in mineral exploration, including 35 years with Cominco where he advanced to serve as the company’s Chief Geologist and Internal Consulting Geologist. Early in his career, Mr. Muraro gained underground experience at Keno Hill, HB Mine, Sullivan, and Western Mines.

His tenure at Cominco was marked by direct involvement in the discovery and subsequent successful development of the Westmin Mine at Buttle Lake, the Polaris Mine on Little Cornwallis Island in the high Arctic and Snip Mine on the Iskut River. Following his service at Cominco, Mr. Muraro assumed the role of Vice President, Exploration at Romanex and International Barytex Resources, contributing his expertise to international gold projects.

Mr. Muraro, who was awarded the Spud Huestis award in 2021 for his outstanding contributions to the industry and excellence in exploration, worked as an independent consultant (T.W. Muraro Consulting 1993-2016) on base metal and gold exploration projects around the world until his retirement in 2016. In these later years, he served on several boards as Director and/or Advisor, most recently with Imperial Metals. Mr. Muraro’s working relationship with Al Matovich started in the Rossland Mining Camp and shifted to the Alpine Property in the late 80s.

Appointment of Mr. John Mirko as Technical Advisor to the Board

Mr. John Mirko has been appointed as Technical Advisor to the Board. Mr. Mirko has over 40 years’ experience in the mining industry, including as past President and Founder of Canam Alpine Ventures Ltd. (recently sold to Vizsla Resources Ltd., a TSX Venture Exchange listed company), and currently as President and Founder of Canam Mining Corp. and Rokmaster Resources Corporation.

From 1986 to 2010 Mr. Mirko founded and served as CEO, President, and Director of four public mineral exploration companies and founded and served as Director of three other companies. He has been self-employed in the sector since 1972 as a prospector, contractor, and consultant involved in the exploration, development, and mine construction of various projects in 12 counties, and commercial production of mineral concentrates and metal products from five of the projects.

In 2008, he was a recipient of the ‘E. A. Scholtz Medal for Excellence in Mine Development’ from the Association for Mineral Exploration of British Columbia, and in 2009, the Mining Association of British Columbia’s ‘Mining and Sustainability Award’ for the MAX Mine. He is currently a member in good standing of the Society of Economic Geologists, Inc., the Canadian Institute of Mining, Metallurgy and Petroleum, the Prospectors and Developers Association of Canada and AME BC.

Transaction Details

The Company has purchased of all the minerals claims and crown grants that comprise the Property from 0847114 B.C. Ltd. (‘Privco‘), a private company. As consideration for the Property, Copper Quest has issued an aggregate of 14,177,517 common shares in its capital (the ‘Shares‘) at a deemed price of $0.135 per Share for deemed consideration of $1,913,964.80 to Privco.

The Shares are subject to a statutory hold period expiring April 19, 2026, being the date that is four months and one day from the date of issuance in accordance with applicable Canadian securities legislation. In addition, the Shares are subject to further trading restrictions as the Shares will be released in stages over the next 24 months, such that (i) 2,362,920 Shares will be released April 19, 2026; (ii) 2,362,919 Shares will be released August 19, 2026; (iii) 2,362,920 Shares will be released December 19, 2026; (iv) 2,362,920 Shares will be released April 19, 2027; (v) 2,362,920 Shares will be released August 19, 2027; and (vi) the final 2,362,920 Shares will be released December 19, 2027.

Copper Quest will also reimburse Privco a total of $225,000 towards 2025 expenditures incurred on exploring the Property and has granted a 2% net smelter returns royalty (the ‘Royalty‘) to Privco on all minerals mined, produced, or otherwise recovered from the Property. The Company retains the right to purchase half of the Royalty in consideration of $1,000,000 paid to Privco at any time.

Subject to the approval of the Canadian Securities Exchange, a finder’s fee of 587,212 common shares of the Company (the ‘Finder’s Shares‘) is applicable in connection with the acquisition of the Property. The Finder’s Shares will be subject to a statutory hold period of four months in accordance with applicable Canadian securities legislation. It is anticipated that the Finder’s Shares will be issued on or about December 31, 2025.

Debt Settlement Transactions

The Company also wishes to announce it intends to issue 218,620 common shares of the Company (the ‘Debt Settlement Shares‘) at a deemed value of $0.15 per Debt Settlement Share in order to satisfy an aggregate of $32,793 in outstanding debt for services previously provided to the Company.

The Debt Settlement Shares will be subject to a statutory hold period of four months in accordance with applicable Canadian securities legislation. It is anticipated that the Finder’s Shares will be issued on or about December 31, 2025. The issuance of the Debt Settlement Shares is subject to the receipt of all required approvals, including the approval of the Canadian Securities Exchange.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any state securities laws, and may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States.

Qualified Person

Brian Thurston, P.Geo., the Company’s CEO and a Qualified Person as defined by NI 43-101 has reviewed and approved the technical information in this news release.

ABOUT Copper Quest Exploration Inc.

Copper Quest (CSE: CQX,OTC:IMIMF; FRA: 3MX) is committed to building shareholder value through acquisitions, discovery-driven exploration, disciplined execution, and responsible development of its North American Critical Mineral portfolio of assets. Please visit our website at www.copper.quest.

The Company’s land package currently comprises six projects that span over 40,000+ hectares in great mining jurisdictions as well as the Kitimat Cu-Au Project pending acquisition.

Copper Quest has a 100% interest in the Stars Property, a porphyry copper-molybdenum discovery, covering 9,693 hectares in central British Columbia’s Bulkley Porphyry Belt. Contiguous to the Stars Property, Copper Quest has a 100% interest in the 5,389-hectare Stellar Property. CQX also has an earn-in option up to 80% and joint-venture agreement on the 4,700-hectare porphyry copper-molybdenum Rip Project, also in the Bulkley Porphyry Belt.

Copper Quest has a 100% interest in the Nekash Copper-Gold Project, a porphyry exploration opportunity located in Lemhi County, Idaho, along the prolific Idaho-Montana porphyry copper belt that hosts world-class systems such as Butte and CUMO. The project is fully road-accessible via maintained U.S. highways and forest service roads and currently consists of 70 unpatented federal lode claims covering 585 hectares.

Copper Quest has a 100% interest in the Thane Project located in the Quesnel Terrane of Northern BC which spans over 20,658 ha with 10 high-priority targets identified demonstrating significant copper and precious metal mineralization potential.

Copper Quest has a 100% interest in the past-producing Alpine Gold Mine located approximately 20 kilometers northeast of the City of Nelson spanning 4,611.49 hectares. Apart from the Alpine Mine the property hosts 4 significant vein systems including the Black Prince and the Cold Blow quartz veins, the Gold Crown vein system, and the past-producing King Solomon vein workings.

Copper Quest’s leadership and advisory teams are senior mining industry executives who have a wealth of technical and capital markets experience and a strong track record of discovering, financing, developing, and operating mining projects on a global scale. Copper Quest is committed to sustainable and responsible business activities in line with industry best practices, supportive of all stakeholders, including the local communities in which it operates. The Company’s common shares are principally listed on the Canadian Stock Exchange under the symbol ‘CQX’.

On behalf of the Board of Copper Quest Exploration Inc.

Brian Thurston, P.Geo.
Chief Executive Officer and Director
Tel: 778-949-1829

For further information contact:

Investor Relations
info@copper.quest

Forward Looking Information

This news release contains certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements‘) within the meaning of applicable securities legislation. All statements, other than statements of historical fact included herein, including without limitation, statements regarding the merits and benefits of the acquisition of the Alpine Gold Property, and the issuance of the Finder’s Shares and Debt Settlement Shares, including the anticipated issuance date thereof, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’, and similar expressions, or statements that events, conditions, or results ‘will’, ‘may’, ‘could’, or ‘should’ occur or be achieved. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to obtain the necessary approvals with respect to the issuance of the Finder’s Shares and Debt Settlement Shares, risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company’s exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company’s business and prospects. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. The Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/818db0aa-2347-40b4-82aa-6b1e2169da3e

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(TheNewswire)

 

Brossard, Quebec, le 22 décembre 2025 TheNewswire – CORPORATION Charbone (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (« Charbone » ou la « Société »), un producteur et distributeur nord-américain spécialisé dans l’hydrogène propre Ultra Haute Pureté (« UHP ») et les gaz industriels stratégiques, est heureuse d’annoncer la livraison réussie du premier chargement d’hydrogène propre UHP à un distributeur indépendant basé en Ontario, marquant le début officiel de la génération de revenus pour sa division de production.

Première livraison d’hydrogène propre UHP vers un client distributeur indépendant en Ontario

Dans le cadre du démarrage commercial, Charbone annonce son tout premier chargement d’hydrogène propre UHP produit à Sorel-Tracy, pour son partenaire distributeur indépendant situé en Ontario. Cette première expédition confirme la capacité de la Société à approvisionner efficacement des marchés hors Québec dès la mise en service initiale.

Ce contrat marque le début d’une nouvelle phase de croissance commerciale pour Charbone, qui prévoit élargir progressivement son réseau de distribution et renforcer sa présence dans les principaux corridors industriels de l’Est du Canada et du Midwest américain. Compte tenu de l’accès limité à un approvisionnement constant et fiable en hydrogène propre UHP sur le marché nord-américain et de la forte demande pour ses produits, Charbone ne divulgue pas les volumes de ses commandes ni les prix afin de préserver sa position concurrentielle. Les revenus issus des activités de production, de distribution et de conseil de Charbone sont présentés trimestriellement sur une base consolidée.

« Nous sommes extrêmement fiers de livrer dès aujourd’hui un hydrogène propre UHP produit localement à nos premiers clients, » a déclaré Dave B. Gagnon, PDG de Charbone. « Il s’agit d’un autre jalon majeur pour Charbone, mais également pour l’industrie de l’hydrogène propre UHP en Amérique du Nord. »

Pour plus d’informations sur la vision de Charbone, la configuration modulaire de ses usines et ses perspectives économiques, veuillez consulter le site web de la société pour accéder aux documents destinés aux investisseurs, notamment la présentation et la fiche d’information. Si vous ne l’avez pas encore fait, nous vous invitons également à visionner le webinaire destiné aux investisseurs, enregistré le 16 décembre 2025, en cliquant sur le lien suivant : https://info.rbmilestone.com/Charbone-webinar-dec-2025.

 

À propos de CORPORATION Charbone

Charbone est un développeur et producteur d’hydrogène propre Ultra Haute Pureté (UHP) doté d’une plateforme de distribution de gaz industriels en pleine expansion. Grâce à une approche modulaire, Charbone se concentre sur le développement d’un réseau d’usines de production d’hydrogène propre en Amérique du Nord et sur certains marchés à l’étranger, en commençant par son projet phare de Sorel-Tracy au Québec. Le modèle intégré de l’entreprise réduit les risques, améliore l’évolutivité et permet de diversifier ses sources de revenus grâce à des partenariats dans le domaine de l’hélium et d’autres gaz de spécialités. Charbone s’engage à soutenir la transition mondiale vers une économie bas carbone en fournissant des solutions d’hydrogène propre et de gaz de spécialités accessibles et décentralisées, tout en soutenant les clients industriels mal desservis en gaz et en accélérant la transition vers une énergie propre locale. Charbone est coté sur la bourse de croissance TSX (TSXV: CH,OTC:CHHYF); sur les marchés OTC (OTCQB: CHHYF); et à la Bourse de Francfort (FSE: K47). Pour plus d’informations, veuillez visiter www.Charbone.com.

 

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans le rapport de gestion de la Société pour la période terminée le 30 septembre 2025, qui peut être consultée sur SEDAR+ à l’adresse www.sedarplus.ca; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

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

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

Pour contacter Corporation Charbone :

 

Téléphone bureau: +1 450 678 7171

   

Courriel:  ir@Charbone.com

Benoit Veilleux

Chef de la direction financière et secrétaire corporatif

   

 

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