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Barrick Closes US$1.09 Billion Hemlo Sale as Wheaton Finalizes Gold Stream Deal

Barrick Mining (TSX:ABX,NYSE:B) has closed the sale of its Hemlo gold mine in northern Ontario to Carcetti Capital (TSXV:CART.H), completing a transition the company first announced in September and marking one of its most significant portfolio shifts this year.

In a statement Wednesday (November 26), Barrick said the finalized divestiture is worth up to US$1.09 billion. The company received US$875 million in cash and US$50 million in Hemlo Mining shares at closing, with up to US$165 million in additional payments tied to gold prices and production beginning in 2027.

Barrick also formally thanked the Biigtigong Nishnaabeg and Netmizaaggamig Nishnaabeg First Nations, noting their cooperation and support throughout Hemlo’s operation.

The transaction continues the company’s effort to streamline its holdings and redirect capital to what it calls Tier One assets.

Hemlo Mining, the renamed acquirer, gains control of one of Canada’s longstanding gold operations. For Barrick, the exit removes a non-core asset as it concentrates on its global gold and copper portfolio, which spans 18 countries and includes six Tier One gold mines.

As Barrick exits Hemlo, Wheaton Precious Metals (TSX:WPM,NYSE:WPM) also confirmed it has closed its previously announced gold stream with Carcetti, providing US$300 million in upfront funding.

The stream forms the cornerstone of a financing structure that includes US$542 million in equity proceeds, with Wheaton contributing about US$30 million, as well as up to US$250 million in bank debt. Wheaton originally committed up to US$400 million for the stream, but Hemlo Mining elected to draw US$300 million under the agreed terms.

The completion of the stream delivers immediate production and cash flow to Wheaton while giving Hemlo Mining the liquidity needed to finalize the acquisition and pursue operational improvements at the site.

The company said the gold stream is “a key component” of the mine’s recapitalization and transition under new ownership.

The close of the Hemlo sale comes just days after the company resolved a major standoff in West Africa.

On Monday (November 24), Barrick confirmed it had struck a deal with the Malian government that will return full operational control of the Loulo-Gounkoto complex to the company, ending months of tension that escalated into arbitration at the World Bank’s dispute-resolution center.

People familiar with the matter said that the agreement includes a settlement worth 244 billion CFA francs (US$430 million). According to those sources, Barrick will pay 144 billion CFA francs within six days of signing, with another 50 billion CFA francs covered through VAT-credit offsets.

An additional 50 billion CFA francs had already been paid last year. Barrick declined to say whether the final agreement formally includes these settlement terms.

In exchange, Mali will drop its charges against Barrick, relinquish state control over Loulo-Gounkoto, release four detained employees, and renew the company’s Loulo mining permit for another decade.

The settlement also requires Barrick to comply with Mali’s 2023 mining code, the very issue that triggered the dispute. The company will also now withdraw its arbitration claim.

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

This post appeared first on investingnews.com

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Crypto Market Update: UK Backs “No Gain, No Loss” Tax Model, Visa Expands Stablecoin Settlement

Here’s a quick recap of the crypto landscape for Friday (November 28) as of 9:00 a.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$91,586.78, up by 1.1 percent over 24 hours. Its lowest price of the day was US$90,485.83, and its highest was US$91,839.31.

Bitcoin price performance, November 28, 2025.

Chart via TradingView

Meanwhile, Ether (ETH) was at US$3,060.34, up by 1.4 percent over 24 hours. Its lowest price on Friday was US$2,986.86 and its highest was US$3,061.67.

Altcoin price update

  • XRP (XRP) was priced at US$2.24, up by 0.6 percent over 24 hours.
  • Solana (SOL) was trading at US$141.20, down by 0.2 percent over 24 hours.

Fear and Greed Index snapshot

Chart via CoinMarketCap.

CMC’s Crypto Fear & Greed Index continues to climb steadily after plunging into ‘extreme fear territory’ in the last to weeks, currently settling at 20 and inching closer to ‘fear.’

Bitcoin’s rebound from the mid-US$80,000 zone has triggered a swift and notable shift in market sentiment, accelerating far faster than most traders anticipated. After briefly cooling near US$80K, many expected a sluggish recovery phase.

Instead, optimism snapped back, with the sentiment index rising ten points over the week and marking one of its sharpest moves in recent months. The increase corresponds with heavier buying activity and reduced caution among traders who had previously stayed on the sidelines during the pullback.

Today’s crypto news to know

Visa expands stablecoin settlement push with Aquanow partnership

Visa (NYSE:V) has deepened its stablecoin strategy by teaming up with Aquanow to support faster settlement across Central and Eastern Europe, the Middle East, and Africa.

The deal plugs Aquanow’s infrastructure directly into Visa’s payment rails, allowing banks and payment firms in the region to settle transactions in approved stablecoins such as USDC.

Visa says the upgrade is aimed at institutions seeking cheaper and quicker cross-border settlement options as demand for digital-asset rails grows. The company also aims to modernize the “back-end plumbing” of payments by reducing reliance on traditional networks with multiple intermediaries.

Aquanow, which processes billions in crypto transactions each month, will provide liquidity and technical support for the integrations.

The collaboration follows Visa’s recent stablecoin payout pilot, Visa Direct, which lets businesses fund transactions in fiat while recipients opt to receive stablecoins directly in their wallets.

UK backs “no gain, no loss” tax model for DeFi activity

The U.K. government has endorsed a major shift in how decentralized finance transactions are taxed, moving to eliminate capital gains charges when users deposit tokens into lending protocols or liquidity pools.

Under the current rules, deposits can be treated as disposals, often generating tax liabilities even when investors haven’t realized any economic gain. HMRC’s updated guidance supports a “no gain, no loss” approach that would tax users only when they withdraw assets and eventually sell them.

The proposal comes after two years of industry feedback from firms, many of which argued that the existing system distorts reality and burdens ordinary users with excessive record-keeping.

The new model would apply to both simple lending and automated market makers, ensuring that only genuine gains or losses are captured for tax purposes.

Australia introduces digital assets bill

Australia has tabled a new digital assets bill aimed at ending years of regulatory uncertainty and preventing a repeat of past offshore failures such as FTX and Celsius. T

The proposed Corporations Amendment (Digital Assets Framework) Bill 2025, would require platforms holding customer crypto to meet the same licensing and conduct standards applied across the financial sector.

Officials said the legislation is designed to bring crypto businesses fully into the regulated economy, ensuring transparency, custody safeguards, and clear accountability.

The bill includes exemptions for smaller operators that process under US$10 million annually and hold less than US$5,000 per customer, mirroring existing thresholds for low-risk financial products.

The government argues that modernizing the rules could unlock as much as US$24 billion a year in productivity and efficiency gains.

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

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

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Charbone Hydrogen Announces Q3 2025 Financial Results

(TheNewswire)

Brossard, Quebec, November 28, 2025 TheNewswire – CHARBONE CORPORATION (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (‘ CHARBONE ‘ or the ‘ Company ‘), a North American producer and distributor specializing in clean Ultra High Purity (‘ UHP ‘) hydrogen and strategic industrial gases today announces its financial and operational results for the three and nine-month periods ending September 30, 2025.

Construction of the Sorel-Tracy facility Phase 1A is completed. All components are installed and connected on-site and commissioning testing in progress, remaining on track to start production of first hydrogen molecule in the coming days.

Q3 2025 HIGHLIGHTS:

  • Net operating loss decreased by 17% to $577,159 in the 3-months period ending September 30, 2025, down from $697,894 in Q2 2025 (activities still tightening general and administrative expenses).

  • Recognition of revenues following the advancement of activities from the Master Collaborative Agreement to support the deployment of a Malaysian green hydrogen project development announced in Q2 2025.

  • On September 30, 2025, the Company issued new secured convertible debentures to replace previous convertible debentures and with an additional amount of $303,634 for a total of $2,050,000. The replacement debentures are bearing monthly interests at a 12% annual rate, convertible at $0.07 per share and maturing in one year.

  • Following the signature of an Asset Purchase Agreement with Harnois Énergies Inc., CHARBONE has completed the acquisition and reinstallation at its Sorel-Tracy site of the operational hydrogen production and refueling equipment. On October 6, 2025, the Company has issued 13,333,334 common shares at $0.075 per share, representing $1 million in equity consideration to Harnois Énergies Inc. as a part of the payment of the acquisition transaction.

CHARBONE’s disciplined financial management, and new strategic partnerships position the company to achieve its vision of becoming a North American leader in clean UHP hydrogen and industrial gases distribution networks. These advancements underscore its commitment to being a game-changer in the energy transition.

Management is motivated to keep working on structuring deals to finance further project investments and expansion,’ said Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE . ‘CHARBONE is moving into execution mode to unlock its strong growth potential .


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About CHARBONE CORPORATION

CHARBONE is a developer and producer of clean Ultra High Purity (UHP) hydrogen with a growing industrial gas distribution platform. Through a modular approach, CHARBONE is focused on developing a network of clean hydrogen production facilities throughout North America and select markets abroad, starting with its flagship Sorel-Tracy project in Quebec. The Company’s integrated model reduces risk, enhances scalability, and enables diversified revenue streams through partnerships in helium and other specialty gases. CHARBONE is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gas solutions while supporting underserved industrial gas customers and accelerating the shift to localized clean energy. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH) , the OTC Markets (OTCQB: CHHYF) , and the Frankfurt Stock Exchange (FSE: K47) . For more information, please visit: www.charbone.com .

Forward-Looking Statements

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

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

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

Contact Charbone Hydrogen Corporation

Telephone: +1 450 678 7171

Email: ir@charbone.com

Benoit Veilleux

CFO and Corporate Secretary

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Politician named Adolf Hitler becomes focal point of local election campaign

A local Namibian politician named Adolf Hitler Uunona is widely expected to retain his council seat in the country’s latest round of regional elections, drawing international attention for a name he says carries no ideological meaning.

A longtime member of Namibia’s ruling SWAPO party, he is running again in the Ompundja constituency in the northern Oshana region. 

While final tallies have not yet been released, several international outlets report he is projected to win by a wide margin, consistent with previous elections. SWAPO, which has governed Namibia since independence in 1990, has shifted from its socialist liberation roots toward a more centrist, market-oriented governing approach.

His German dictator-linked name — ‘Adolf Hitler’ — was given to him by his father, he told the German outlet Bild, who he claimed did not understand the historical weight the name carried.

‘It was a perfectly normal name for me when I was a kid,’ Uunona told Bild. ‘It wasn’t until I grew older that I realized this man wanted to subjugate the whole world and killed millions of Jews.’

He said his childhood name reflected no political intent and stressed that he has never held extremist beliefs. 

‘The fact I have this name does not mean I want to conquer Oshana,’ he said, adding in earlier interviews he generally goes by Adolf Uunona in daily life.

Namibia was a German colony from 1884 to 1915, and Germanic names and place names remain common in some communities. Historians note that this legacy sometimes results in unusual or jarring combinations by modern standards, though they carry no inherent ideological meaning.

According to official information from the Oshana regional government, the Ompundja constituency has 4,659 inhabitants, 19 administrative centers and covers 466 square kilometers.

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Appeals court upholds $1 million penalty against Trump over ‘frivolous’ Clinton, Comey lawsuit

A federal court ruled Wednesday that President Donald Trump and his former lawyer, Alina Habba, are still on the hook for a $1 million penalty for filing a ‘frivolous’ lawsuit against Hillary Clinton, former FBI director James Comey and others.

The ruling from the 11th Circuit Court of Appeals relates to a now-dismissed lawsuit filed by Trump relating to Russian collusion claims. Trump was first ordered to pay the $1 million in the case in 2023, but he and Habba appealed the ruling.

In addition to Clinton and Comey, their lawsuit also named Sen. Adam Schiff, D-Calif., former FBI officials Peter Strzok and Lisa Page, and many more.

Trump and Habba, who now serves as U.S. attorney for New Jersey, will be forced to pay approximately $938,000 — split between the dozens of individuals named in the lawsuit.

In the original lawsuit, Trump accused the high-profile figures of conspiring to tank his successful 2016 presidential campaign.

‘Here we are confronted with a lawsuit that should never have been filed, which was completely frivolous, both factually and legally, and which was brought in bad faith for an improper purpose,’ wrote Judge Donald Middlebrooks in his 2023 ruling, which was upheld Wednesday.

‘Mr. Trump is a prolific and sophisticated litigant who is repeatedly using the courts to seek revenge on political adversaries. He is the mastermind of strategic abuse of the judicial process and he cannot be seen as a litigant blindly following the advice of a lawyer,’ he added.

Two defendants in the case also claimed that Trump’s appeal itself was frivolous and sought additional sanctions for it, but the court disagreed.

Fox News Digital reached out to the White House for comment, but they did not immediately respond.

Wednesday’s ruling comes just days after a separate federal court dismissed false statements charges leveled against Comey. Judge Cameron Currie ruled that the charges were brought by an unqualified U.S. attorney. That U.S. attorney is Lindsay Halligan, who Trump appointed to the position just weeks prior.

Currie, a Clinton appointee based in South Carolina, was brought in from out of state to preside over proceedings about the question of Halligan’s authority because it presented a conflict for the Virginia judges. Comey’s and James’ challenges to Halligan’s appointment were consolidated because of their similarity.

Read the full document below (App users click here)

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Judge dismisses 2020 election interference case against Trump, granting Georgia’s request

Fulton County Superior Court Judge Scott McAfee issued an order dismissing the 2020 election interference case against President Donald Trump and his co-defendants after the state of Georgia had moved to drop the matter.

‘The State having moved for an entry of nolle prosequi for all remaining defendants, the Court grants the motion,’ the order declares. ‘This case is hereby dismissed in its entirety.’

Trump’s lead Georgia defense counsel Steve Sadow described the case as ‘lawfare.’

‘The political persecution of President Trump by disqualified DA Fani Willis is finally over. This case should never have been brought. A fair and impartial prosecutor has put an end to this lawfare,’ Sadow said in the statement.

Peter J. Skandalakis, who took over prosecution after Fulton County District Attorney Fani Willis was disqualified from handling it, filed a motion to dismiss the case earlier Wednesday in order to ‘serve the interests of justice and promote judicial finality.’

‘This entire case, from the initiation of the District Attorney’s investigation in 2021 to the present, is without precedent,’ noted Skandalakis. ‘In my professional judgment, the citizens of Georgia are not served by pursuing this case in full for another five to ten years.’

The Georgia case yielded the iconic 2023 mugshot of then-candidate Trump.

‘Never before, and hopefully never again, will our country face circumstances such as these. The case is now nearly five years removed from President Trump’s phone call with the Secretary of State, and two years have passed since the Grand Jury returned charges against President Trump and the eighteen other defendants,’ Skandalakis noted. ‘There is no realistic prospect that a sitting President will be compelled to appear in Georgia to stand trial on the allegations in this indictment. Donald J. Trump’s current term as President of the United States of America does not expire until January 20, 2029; by that point, eight years will have elapsed since the phone call at issue.’

The prosecutor explained why the other defendants in the criminal case would not be tried separately. 

‘Severing President Trump from the remaining defendants and conducting separate trials, while simultaneously waiting for the conclusion of his term and addressing all of the aforementioned legal issues, would be both illogical and unduly burdensome and costly for the State and for Fulton County,’ Skandalakis wrote. ‘The Prosecuting Attorneys’ Council of Georgia lacks the resources to conduct multiple trials in this matter.’

Fox News’ Samantha Daigle and David Lewkowict contributed to this report

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Trump blocks South Africa from 2026 G20 summit for alleged ‘horrific human rights abuses’

President Donald Trump said Wednesday that he would not invite South Africa to the 2026 G-20 summit in Florida, citing alleged ‘horrific human rights abuses.’

‘To put it more bluntly, they are killing white people and randomly allowing their farms to be taken from them,’ Trump alleged in a Truth Social post. ‘At my direction, South Africa will NOT be receiving an invitation to the 2026 G-20, which will be hosted in the Great City of Miami, Florida next year,’ he added.

The Embassy of South Africa did not immediately respond to Fox News Digital’s request for comment.

Clayson Monyela, head of diplomacy for the Department of International Relations and Cooperation, dismissed the notion that South Africa could be shut out.

‘South Africa is a founding member of the G-20. We don’t get invited to G-20 meetings and leaders summit. Those are gatherings of members. If other members allow this then the G-20 will die,’ Monyela told Fox News Digital.

‘Other countries have already told us that they too will boycott the U.S. G-20 if South Africa is excluded,’ Monyela added.

If carried out, the move would break with more than two decades of precedent and mark the first time a member has been formally excluded from the gathering of the world’s major economies.

The G-20, which brings together major advanced and emerging economies and accounts for roughly 80% of global GDP and two-thirds of the world’s population, has historically operated on the principle of inclusion.

That tradition already was strained after the U.S. boycott of the 2025 meeting held in Johannesburg earlier in November.

The Trump administration argued that the country’s government had failed to address violence and discrimination it claimed was occurring in rural farming communities. Additionally, the U.S. objected to the meeting’s focus on climate and development issues rather than core economic priorities.

The boycott marked a notable break from past U.S. engagement, leaving the world’s largest economy missing from a key forum for global economic policymaking.

Trump also said in the same Truth Social post that he would halt U.S. payments to South Africa.

‘South Africa has demonstrated to the world they are not a country worthy of membership anywhere and we are going to stop all payments and subsidies to them, effective immediately,’ Trump wrote.

The White House and State Department did not immediately respond to Fox News Digital’s request for further details.

It remains unclear how the move will affect the country’s standing within the G-20 or broader U.S.–South Africa relations ahead of the 2026 summit in Florida.

Relations between Trump and South African President Cyril Ramaphosa have steadily deteriorated in recent months.

In February, Trump suspended U.S. aid to South Africa, alleging discrimination against White farmers. Tensions escalated again in March when the State Department expelled the South African ambassador, labeling him ‘persona non grata.’

In May, the two leaders clashed in the Oval Office when Trump pressed Ramaphosa over allegations that White Afrikaners were being targeted and killed in South Africa. 

Ramaphosa pushed back, telling Trump he had seen no evidence to support those claims.

Paul Tilsley contributed to this report from Johannesburg, South Africa.

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How the White House turkey pardon became an American tradition

President Donald Trump pardoned two turkeys Tuesday — Gobble and Waddle — as part of an annual tradition that has occurred at the White House for more than 35 years. 

The Thanksgiving Turkey Pardoning is a ceremony originating from the National Thanksgiving Turkey Presentation dating back to the 1940s, when the National Turkey Federation would present the president with a live turkey for Thanksgiving. 

President John F. Kennedy is often credited with pardoning the first turkey in 1963, when he said that he would ‘let this one grow.’ Although Kennedy didn’t use the word ‘pardon,’ the L.A. Times reported on the matter with the headline, ‘Turkey gets presidential pardon,’ according to an NBC News archive. 

President Ronald Reagan also made a joke about pardoning that year’s turkey, Charlie, in response to a question from a reporter, according to the Ronald Reagan Presidential Library & Museum.

‘If they’d given me a different answer on Charlie and his future, I would have pardoned him,’ Reagan said in 1987. 

However, the tradition was codified during George H.W. Bush’s administration, according to the White House Historical Association. Bush used the word pardon, and the tradition continued each year afterward. 

‘But let me assure you, and this fine tom turkey, that he will not end up on anyone’s dinner table, not this guy — he’s presented a presidential pardon as of right now — and allow him to live out his days on a children’s farm not far from here,’ Bush said in 1989. 

Gobble and Waddle clocked in at 50 pounds and 52 pounds each, and traveled from North Carolina to the Washington’s Willard InterContinental Hotel for the annual tradition. Following the pardoning, they will head to North Carolina State University’s Prestage Department of Poultry Science.

During the ceremony in the Rose Garden, Trump also took aim at former President Joe Biden, and said Biden used the autopen to pardon the 2024 turkeys, and as a result those pardons were ‘totally invalid.’ 

As a result, Trump quipped that he had pardoned those turkeys too, and said he ‘saved them in the nick of time.’

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Standard Uranium Receives Drill Permits and Initiates Ground Gravity Survey on the Corvo Uranium Project

Standard Uranium Ltd. (TSXV: STND,OTC:STTDF) (OTCQB: STTDF) (FSE: 9SU0) (‘Standard Uranium’ or the ‘Company’) is pleased to announce exploration permits have been received for the Corvo Uranium Project (‘Corvo’, or the ‘Project’), currently under a three-year earn-in option agreement with Aventis Energy Inc. (CSE: AVE) (‘Aventis’). Work programs under the 18-month permit will include high-resolution geophysical surveys and the Company’s first drill program on the Project beginning in January 2026.

The Company contracted MWH Geo-Surveys (Canada) Ltd. (‘MWH‘) to complete an extensive 50 m x 200 m ground gravity survey covering more than 29 km of conductive strike length, which will aid in identifying density anomalies that may represent hydrothermal alteration systems coinciding with uranium fertile electromagnetic (‘EM‘) conductor trends. MWH mobilized to the Project on November 24, 2025, and the survey will comprise more than 5,000 individual gravity measurement stations.

Following completion of the gravity survey, a skid-assisted diamond drill program totalling approximately 3,000 metres is planned for winter 2026, which will mark the first drill program on the Project in more than 40 years. Drilling will target high-priority areas including the never-before-drilled Manhattan Showing and other newly-identified radioactive occurrences across the property. Outcrop grab samples collected earlier this year returned uranium assays reaching a maximum of 8.10% U3O8 at the Manhattan Showing1.

‘The gravity survey now underway will further refine our target areas for drilling in Q1 2026,’ said Sean Hillacre, President & VP Exploration of Standard Uranium. ‘Layering the new density results with the EM data from the Xcite TDEM survey we completed earlier this year, in addition to the surficial geological information gathered during our prospecting program will provide multiple high-priority drill targets for our maiden drill campaign this winter.’

Figure 1. Regional map of the Corvo Project. The Project is located 60 km due east of Cameco’s McArthur River mine and 45 km northeast of Atha Energy’s Gemini Mineralized Zone (‘GMZ’).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10633/276125_a04b05a71436f953_001full.jpg

2025 Exploration Programs

Earlier this year, the Company contracted Axiom Exploration Group Ltd. in partnership with New Resolution Geophysics to carry out a helicopter-borne Xcite time domain electromagnetic and total field magnetic survey over the Corvo Project. The survey totalled approximately 1,380 line-kms with a traverse line spacing of 100 m and tie-line spacing of 1,000 m. The airborne TDEM survey outlines several kilometers of conductive anomalies and magnetic features in bedrock, effectively enhancing the resolution of more than 29 kilometres of conductive trends on the project.

Ongoing geophysical interpretation and modeling is being completed to integrate historical surveys with newly collected datasets, which will provide high-priority drill targets and significantly derisk the Project prior to modern drilling in 2026.

In July of 2025, Standard Uranium completed the Company’s first prospecting and mapping program on the project with the objective of ground-truth sampling historical uranium showings including the Manhattan Showing, which returned results up to 59,800 ppm uranium (total digestion)2. The Company identified zones of off-scale** radioactivity (>65,535 cps on a handheld RS-125 Super-Spec) and collected hand samples which returned results ranging from 0.72% to 8.10% U₃O₈1, the highest grades ever reported on the project. New drill targets were developed based on previously undocumented radioactive showings, and an NI 43-101 technical report was filed on the project, highlighting high-grade surface mineralization at the Manhattan Showing3.

The Company believes the Project is highly prospective for the discovery of shallow, high-grade* basement-hosted uranium mineralization akin to the Rabbit Lake deposit and the recently discovered Gemini Mineralized Zone. Located just outside the current margin of the Athabasca Basin, Corvo boasts shallow drill targets with bedrock under minimal cover of glacial till.

Qualified Person Statement

The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, P.Geo., President and VP Exploration of the Company and a ‘qualified person’ as defined in NI 43-101 – Standards of Disclosure for Mineral Projects.

Samples collected for analysis were sent to SRC Geoanalytical Laboratories in Saskatoon, Saskatchewan for preparation, processing, and ICP-MS or ICP-OES multi-element analysis using total and partial digestion and boron by fusion. Radioactive samples were tested using the ICP1 uranium multi-element exploration package plus boron. All samples marked as radioactive upon arrival to the lab were also analyzed using the U3O8 assay (reported in wt.%). SRC is an ISO/IEC 17025:2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats were inserted into the sample stream at regular intervals in accordance with Standard Uranium’s quality assurance/quality control (QA/QC) protocols. All samples passed internal QA/QC protocols and the results presented in this release are deemed complete, reliable, and repeatable.

Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company’s future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects. Any historical grab samples disclosed are selected samples and may not represent true underlying mineralization.

Natural gamma radiation from rocks reported in this news release was measured in counts per second (‘cps’) using a handheld RS-125 super-spectrometer and RS-120 super-scintillometer. Readers are cautioned that scintillometer readings are not uniformly or directly related to uranium grades of the rock sample measured and should be treated only as a preliminary indication of the presence of radioactive minerals. The RS-125 and RS-120 units supplied by Radiation Solutions Inc. (‘RSI’) have been calibrated on specially designed Test Pads by RSI. Standard Uranium maintains an internal QA/QC procedure for calibration and calculation of drift in radioactivity readings through three test pads containing known concentrations of radioactive minerals. Internal test pad radioactivity readings are known and regularly compared to readings measured by the handheld scintillometers for QA/QC purposes.

References

1 News Release: Standard Uranium Confirms High-Grade Uranium Mineralization up to 8.10% U3O8 at Surface on the Corvo Project, https://standarduranium.ca/news-releases/standard-uranium-confirms-high-grade-uranium-mineralization-at-surface-on-the-corvo-project/

2 SMDI# 2052: https://mineraldeposits.saskatchewan.ca/Home/Viewdetails/2052 & Mineral Assessment Report MAW00047: Eagle Plains Resources Inc., 2011-2012

3 News Release: Standard Uranium Announces Filing of NI 43-101 Technical Report on the Corvo Uranium Project, Northern Saskatchewan, https://standarduranium.ca/news-releases/standard-uranium-announces-filing-of-ni-43-101-technical-report-on-the-corvo-uranium-project-northern-saskatchewan/

*The Company considers uranium mineralization with concentrations greater than 1.0 wt% U3O8 to be ‘high-grade’.

**The Company considers radioactivity readings greater than 65,535 counts per second (cps) on a handheld RS-125 Super-Spectrometer to be ‘off-scale’.

***The Company considers radioactivity readings greater than 300 counts per second (cps) on a handheld RS-125 Super-Spectrometer to be ‘anomalous’.

About Standard Uranium (TSXV: STND,OTC:STTDF)

We find the fuel to power a clean energy future

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world’s richest uranium district. The Company holds interest in over 235,435 acres (95,277 hectares) in the world-class Athabasca Basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium’s Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises ten mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.

Standard Uranium’s eastern Athabasca projects comprise over 43,185 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries.

Standard Uranium’s Sun Dog project, in the northwest part of the Athabasca Basin, Saskatchewan, is comprised of nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.

For further information contact:

Jon Bey, Chief Executive Officer, and Chairman
Suite 3123, 595 Burrard Street
Vancouver, British Columbia, V7X 1J1

Tel: 1 (306) 850-6699
E-mail: info@standarduranium.ca

Cautionary Statement Regarding Forward-Looking Statements

This news release contains ‘forward-looking statements’ or ‘forward-looking information’ (collectively, ‘forward-looking statements’) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements regarding: the timing and content of upcoming work programs; geological interpretations; timing of the Company’s exploration programs; and estimates of market conditions.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. 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. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the ‘Risks and Uncertainties’ in the Company’s management discussion and analysis for the fiscal year ended April 30, 2025.

Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company’s actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: that the transaction with the Optionee will proceed as planned; the future price of uranium; anticipated costs and the Company’s ability to raise additional capital if and when necessary; volatility in the market price of the Company’s securities; future sales of the Company’s securities; the Company’s ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company’s mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions.

The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276125

News Provided by Newsfile via QuoteMedia

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UK Lists Australia as Potential Critical Minerals Partner

The United Kingdom is looking at building bilateral critical minerals partnerships with various countries, including Australia.

On Tuesday (November 25), UK Industry Minister Chris McDonald was said to have mentioned a collaboration with Australia under the AUKUS defence pact, according to a news report by Reuters.

McDonald added that critical minerals were ‘very much’ part of that relationship because of their role in defence supply chains.

UK Critical Minerals Strategy

“This new, targeted Critical Minerals Strategy sets the UK’s long-term ambition for securing critical minerals and harnessing our competitive advantage in recycling and innovative midstream processing—the transformation of mined or recycled materials into refined or upgraded forms suitable for manufacturing,” the new Critical Minerals Strategy read, published on November 22.

Called Vision 2035, the strategy aims that no single country provides more than 60 percent of the UK’s supply of any one critical mineral.

It also targets that the UK meets 10 percent of its critical mineral needs from its own mines and 20 percent from recycling.

Key policy objectives of the strategy include optimising domestic production and building resilient UK and global supply networks.

‘Part of the strategy is our (Ministry of Defence) procurement plan as well, which includes stockpiling of critical minerals,’ McDonald told Reuters.

The UK laid out in its new Critical Minerals Strategy that measures could include stockpiling, including through procurement mechanisms, to align with the Ministry of Defence’s commitments to build resilience in critical mineral supplies for UK defence.

Under UK’s Defence Industrial Strategy 2025 sector plan, priority outcomes include, but are not limited to, making defence an engine for growth, backing US-based businesses and developing a resilient UK industrial base.

This is also where the partnership with Australia under the AUKUS defence pact lines up.

Why Australia?

Besides the AUKUS defence pact, Australia has become a significant topic in bilateral partnerships among nations following its rare earths deal with the US.

The US$8.5 billion deal, signed in mid-October, includes a US$1 billion investment from both the US and Australia over the next six months for initial projects.

Among the projects aiming to take advantage of the recent Australia–US deal is the Yangibana rare earths project owned by Wyloo Metals and Hastings Technology Metals Limited (ASX:HAS,OTC:HSRMF).

Following the US, Australia also signed a joint declaration of intent on critical minerals with Canada in early November.

The new agreement builds on the Australia-US rare earths deal and is between Australia’s Department of Industry, Science and Resources and the Department of Natural Resources of Canada.

It covers the establishment of a ministerial for critical minerals, project financing, policy alignment and regulation and information sharing.

In 2023, Australia also signed a statement of intent with the UK to strengthen cooperation on critical minerals.

“(The statement) further strengthens Australia’s resolve to develop our critical minerals sector to be a global supplier of the resources needed for clean-energy technology, such as batteries, electric vehicles, solar panels and wind turbines,” Minister for Resources and Northern Australia, Madeleine King said.

“We will work closely with the UK to build resilient, sustainable, and transparent supply chains for critical minerals, which help both the UK and Australia to lower emissions and achieve net zero commitments.”

King also travelled to the UK in the same year, calling it a “chance to outline” how Australia is partnering with industry and other countries to broaden global supply chains and boost investment in mining and processing key critical minerals.

Rare earths have been heavily spotlighted in October in Australia following China’s expansion of control over rare earth exports, a sector crucial to global tech and defense industries.

The October 10 announcement from the Ministry of Commerce adds five new elements —holmium, erbium, thulium, europium and ytterbium—along with key refining technologies to its export control list.

The new rules carry a global reach: any foreign company producing rare earth materials or magnets using Chinese-origin equipment or technology must now obtain an export license from Beijing.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.


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