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New Age Exploration

Investing 8 Mins Read

Investor Insight

As it advances its portfolio of gold assets in Western Australia’s prolific Pilbara gold province and New Zealand’s Otago Schist Belt, New Age Exploration presents a compelling investor value proposition, supported by a lean, discovery-driven strategy and an experienced technical team.

Overview

New Age Exploration (ASX:NAE) is building a pure-play gold exploration story centered on high-quality assets in tier-one jurisdictions in Western Australia and New Zealand. The company’s clear strategy is to operate in geological corridors already proven by major discoveries, while applying modern, cost-effective exploration techniques to define new zones of mineralization.

In Western Australia, the company’s Wagyu gold project is directly along strike from De Grey Mining’s Hemi discovery – now owned by Northern Star Resources (ASX:NST). In New Zealand, its projects – Lammerlaw and Otago Pioneer Quartz – lie within the same regional structure that hosts OceanaGold’s (TSE:OGC) 5 Moz Macraes deposit and Santana Minerals’ (ASX:SMI) rapidly growing Rise & Shine system.

With gold prices hovering at all-time highs, NAE’s approach favours technology-led targeting, rather than brute-force drilling campaigns, by using geophysics, geochemistry and passive seismic to zero in on structurally controlled gold systems with potential for scale.

All its projects are supported by local technical teams and seasoned exploration leadership, allowing concurrent progress and capital-efficient deployment. Recent programs at Wagyu and Lammerlaw have confirmed early-stage discoveries, and both assets are advancing through their next stages of drilling and target definition.

Company Highlights

  • Pilbara and Otago Exposure: Strategic landholdings in two world-class gold regions – Pilbara (WA) and Otago (NZ) – offering dual discovery potential.
  • Hemi-style Intrusion Targets: The Wagyu Gold Project shares geological features and proximity with De Grey Mining’s 11.7 Moz Hemi discovery, increasing the likelihood of a major find.
  • High-grade Intercepts: Recent drilling at Wagyu returned standout intercepts including 11.2 g/t gold and 1m @ 15.6 g/t gold.
  • Emerging New Zealand Gold Revival: Positioned at the forefront of a regional exploration resurgence in New Zealand’s South Island, supported by rising gold prices and favorable regulatory conditions.
  • Strong Cash Position: Recently raised AU$1.96 million to fund ongoing drilling, with multiple near-term catalysts expected.

Key Projects

Wagyu Gold Project

The Wagyu gold project is New Age Exploration’s flagship asset located in the highly prospective Central Pilbara region of Western Australia. The project is strategically situated between two major gold systems – Northern Star’s Hemi Gold Deposit (11.7 Moz gold resource) and the Withnell deposit – within the Mallina Basin, which hosts a similar intrusive-style orogenic gold mineralizing system. NAE holds exploration license E47/2974, which covers 136 sq km. Since acquiring the project, NAE has conducted extensive early-stage exploration, beginning with the reinterpretation of geophysical datasets, including airborne magnetics, radiometrics and satellite imagery, to delineate potential Hemi-style intrusions and structurally hosted gold targets.

Wagyu gold project location map

The company-initiated fieldwork in April 2024, completing soil sampling, gravity surveys and passive seismic geophysical surveys to refine drill targets. These efforts culminated in an extensive aircore drilling campaign (257 holes, over 7,000 m drilled), which identified a broad, crescent-shaped gold anomaly approximately 1.5 km in strike length. Notable results included intercepts such as 5.3 grams per ton (g/t) gold over 4 m (including 15.6 g/t gold over 1 m) and 2.7 g/t gold over 2 m. Encouraged by these results, the company completed its maiden RC program in March-April 2025, drilling 3,023 m across 33 holes targeting two high-priority gravity anomalies. Assays released in May 2025 confirmed a shallow oxide gold system and evidence of underlying mineralized structures, including 1.26 g/t gold over 5 m from 31 m (WRC029), 1.32 g/t gold over 3 m from 43 m (WRC031), and 1.44 g/t gold over 2 m from 83 m (WRC009). Numerous other holes returned mineralized intervals of 0.5 to 0.8 g/t over broad zones.

Importantly, geological logging and geophysical modeling support the presence of vertical feeder structures, interpreted as potential gold-bearing intrusions and fault-hosted ‘pipes,’ similar to Hemi’s discovery model. The Wagyu system remains open in all directions, with multiple untested gravity targets and deeper feeder zones yet to be explored. A follow-up RC campaign is planned for Q3/2025, focused on extending mineralization and chasing those deeper pipe-like structures beneath the supergene blanket.

Lammerlaw Gold and Antimony Project

Lammerlaw permit occurs in the southern limb of a regional fold feature characterised by a change in metamorphic grade from upper greenschist (purple) to lower greenschist (green).

The Lammerlaw gold and antimony project is located in the Otago Schist Belt, a prolific gold-bearing region in the South Island of New Zealand. The project spans 265 sq km and is held under Exploration Permit EP60807. The area is renowned for its historic gold production and geological similarity to OceanaGold’s Macraes Mine, New Zealand’s largest active gold mine with more than 5 Moz in resources. NAE acquired the project through a competitive acreage release and has since completed desktop studies, field mapping and geochemical sampling, which identified multiple 2 to 4 km-long gold-antimony soil anomalies aligned with historical workings.

During 2023-2024, the company identified nine high-priority drill targets based on soil geochemistry (gold, antimony, arsenic, tungsten), historic production data and structural mapping. NAE mobilized a Phase 1 RC drill program in early 2025, designed to test structurally hosted vein systems within both brittle and ductile deformation zones. This work confirmed the presence of gold and antimony mineralization in several targets, though results are still under review. Access to some targets is subject to Department of Conservation approvals, which the company is pursuing concurrently. A Phase 2 drill campaign is planned for Q1/2026, pending access approvals and final interpretation of current results.

Otago Pioneer Quartz Project

Overview of prospects locations within the OPQ Gold Exploration Project.

The Otago Pioneer Quartz (OPQ) project is in Central Otago within the historic Gabriel’s Gully gold district, the epicenter of the 1860s Otago gold rush. The project lies within the same regional schist belt that hosts OceanaGold’s Macraes operation. NAE acquired the OPQ tenement to secure additional exposure to high-grade shear-hosted and orogenic gold systems in the Otago region. The area is characterized by low-sulphide gold quartz veins associated with greenschist facies metamorphic rocks and late-stage brittle faulting.

While still early-stage, the company has conducted preliminary soil sampling and mapping across the tenement to delineate mineralized structures. Historical records suggest significant past production from alluvial and hard-rock sources, though modern exploration has been minimal. Given its proximity to known gold-bearing shear zones and favourable host rocks, OPQ remains a high-priority, low-cost exploration asset for future campaigns.

Going forward, NAE intends to conduct detailed geochemical and structural mapping, followed by scout drilling at known historical workings. The project remains a capital-light optionality play with future drill programs dependent on results from Lammerlaw and Wagyu.

Management Team

Alan Broome – Chairman

Alan Broome is a highly respected figure in the Australian mining industry with more than 40 years of experience across mining, metals and mining technology. A metallurgist by training, Broome has served as chairman and director of numerous ASX-listed and private companies, contributing to significant exploration and development successes. His leadership brings deep strategic insight and a proven track record in guiding discovery-stage companies through to project advancement.

Joshua Wellisch – Executive Director

A capital markets executive with deep ASX and venture experience, Joshua Wellisch leads strategic and operational execution for NAE’s projects. Wellisch is also currently a director of NRG Capital, specialising in capital raisings, corporate structuring and the facilitation of ASX listings and was formerly managing director of Kairos Minerals Limited.

Peter Thompson – Chief Geologist

Appointed in 2025, Peter Thompson brings 35+ years of exploration leadership including stints at Western Mining, Anaconda Nickel, and as CEO of St Barbara. He led redevelopment of Beaconsfield Gold Mine, spearheaded the acquisition, listing and development of the Karlawinda gold deposit and was instrumental in the discovery and advancement of large volcanogenic massive sulphide deposits in Mongolia.

James Pope – Consulting Geologist (NZ)

James Pope is a highly experienced minerals sector professional with nearly 30 years in exploration, consulting and research across a broad range of commodities including gold, PGE, diamonds, base metals, coal and coal seam gas. He currently leads Strata Geoscience, a specialised geoscience consultancy based in Christchurch, New Zealand. Throughout his career, Pope has progressed from hands-on geological mapping and drill site supervision to leading multidisciplinary teams of up to 50 professionals delivering exploration, resource assessment, engineering and environmental services.

Kerry Gordon – Consulting Geologist (NZ)

Kerry Gordon is a seasoned minerals sector professional with nearly 25 years of experience spanning exploration, resource development and operations. He is currently a principal at Strata Geoscience, and has worked across New Zealand, Australia, Papua New Guinea, Vietnam and Mongolia on projects involving gold, critical metals (antimony, tungsten), coal, coal seam gas, and conventional petroleum. Gordon is an expert at managing exploration programs in remote and technically demanding environments, with a strong focus on field-based geological techniques, complex drilling and downhole logging operations, and logistical coordination.

This post appeared first on investingnews.com

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Investing

Top 5 Junior Gold Mining Stocks on the TSXV in 2025

Investing 10 Mins Read

The gold price continued to surge to new record highs in the second quarter of the year, reaching an all-time high of C$4,663.85 per ounce, or US$3,433.47, on June 13.

The gains were primarily fueled by safe-haven investment as Israel and the United States launched attacks on Iranian nuclear sites and Iran retaliated against targets in Israel and a US base in Qatar. Although a ceasefire was announced, tensions in the region remain high.

Additional tailwinds come from the continuing uncertainty in global financial markets, stemming from shifting US trade policy and Donald Trump’s ongoing, on-again-off-again tariff plans.

There is also additional uncertainty going into the second half of the year as the US government passed its “Big Beautiful Bill” on July 3. The bill has been criticized from both sides, including the former head of the Department of Government Efficiency, Elon Musk, for increasing deficit spending and exacerbating an already ballooning debt, which some investors believe is driving the US toward a debt crisis.

What does this mean for junior gold companies? While there was delay in translating high gold prices into share price gains for gold explorers, many are now up significantly this year. Below, we profile the five TSXV gold companies that are the best performers of 2025 by year-to-date share price gains.

Data for this article was retrieved on July 3, 2025, using TradingView’s stock screener, and only companies with market capitalizations greater than C$10 million are included.

1. Onyx Gold (TSXV:ONYX)

Year-to-date gain: 846.34 percent
Market cap: C$122.48 million
Share price: C$1.94

Onyx Gold is an exploration company advancing its Munro-Croesus project, located near Timmins in Ontario, Canada. The company has increased the size of the land package by 200 percent between 2020 and 2025, and the project now covers an area of 109 square kilometers.

Munro-Croesus hosts the historic Croesus mine, which produced 14,859 ounces of gold between 1915 and 1936 with an average grade of 95.3 grams per metric ton (g/t). Onyx is the first company to explore the property since the mine closed.

Shares in Onyx have had significant gains in the second quarter of 2025. The momentum came as the company announced option agreements to enlarge its land package at Munro-Croesus.

The first announcement came on April 10, when it stated that it had agreed with private vendors to acquire a 21 hectare patented claim near the Argus North zone. Under the terms of the agreement, Onyx has the option to acquire a 100 percent interest in the property, which has never been drilled, in exchange for cash consideration of C$1.5 million and 3.3 million Onyx shares over a three-year period.

The second acquisition was announced on June 24, when Onyx reported that it signed a mineral property purchase and sale agreement to acquire a 100 percent interest in the Munro and Hewitt properties, both located near the existing Munro-Croesus project. The acquisition will expand the company’s land package from 95 to 109 square kilometers.

Alongside its land consolidations, Onyx has also spent the second quarter advancing exploration at the property.

Most recently, on June 26, the company reported the first drill results from its 10,000 meter spring drill program at the Argus North zone at Munro-Croesus. One highlighted assay contained 1.8 grams per metric ton (g/t) gold over 91 meters, including 4 g/t over 32 meters and 5.3 g/t over 17 meters.

The company said the results demonstrate the continuity of broad zones of high-grade gold mineralization.

Shares in Onyx reached a year-to-date high of C$2.09 on June 27.

2. Goldgroup Mining (TSXV:GGA)

Year-to-date gain: 500 percent
Market cap: C$217.34 million
Share price: C$0.99

Goldgroup Mining is a gold production, development and exploration company working to advance its Cerro Prieto heap-leach gold mine. The 4,335 hectare property, located in Sonora, Mexico, produces an annual average of 11,500 ounces of gold and has produced more than 120,000 ounces since its beginning in March 2013.

Goldgroup is currently working to double the capacity of the mine to more than 25,000 ounces per year. The last update on progress came in October 2024, when it announced that it had installed the primary crusher with a 2,200 metric ton per day throughput. It also said it had expanded pumping and irrigation capacity.

The most recent update on Cerro Prieto came on March 26, when Goldgroup announced high-impact exploration near the mine. The program will include 6,000 meters of diamond drilling focused on the Nuevo Esperanza and Reyna zones, which are next to the main Esperanza production zone.

The company also announced plans for an induced polarization geophysical survey and surface trenching 1 kilometer south of the mine to further investigate newly discovered mineralized zones.

In addition to activities at Cerro Prieto, the company announced on March 7 that it had entered an agreement to acquire Minera Apolo and its Pinos gold project from Candeleria Mining in exchange for settling a US$2.7 million loan facility. Goldgroup previously secured rights to the facility with Candeleria from a creditor group in a maneuver to acquire the project.

Pinos is a fully permitted gold project situated in the Zacatecas mining belt of Northern Mexico and comprises 29 concessions over 3,816 hectares. A 2018 PEA revealed an after-tax net present value of US$12 million, with a 25 percent internal rate of return at a gold price of US$1,250 per ounce.

Shares in Goldgroup reached a year-to-date high of C$1.08 on May 9.

3. Trident Resources (TSXV:ROCK)

Year-to-date gain: 400 percent
Market cap: C$19.62 million
Share price: C$0.75

Trident Resources, formerly Eros Resources, is a gold and copper exploration company focused on projects in Saskatchewan, Canada.

A three-way merger in early 2025 between Eros Resources, MAS Gold and Rockridge Resources, allowed the companies to consolidate a portfolio of assets in Saskatchewan, including the Contact Lake and Greywacke gold projects in the La Ronge gold belt as well as the Knife Lake copper project.

Before this year, Eros was focused on the Bell Mountain gold-silver project in Nevada, US, but on January 6, the company announced it had sold the property to Lincoln Gold Mining (TSXV:LMG) in exchange for up to 4.5 million common shares and a net profits interest of 7.5 percent of net returns from gold and silver produced at the project to a maximum of US$2 million.

The company announced its rebranding from Eros to Trident on April 23, with its new name chosen in part to represent the three companies joining together. In the release, the company stated that the rebrand marked the beginning of a new chapter for the company, underscoring its focus on the gold and copper markets.

On May 6, Trident announced it received drill permits for the Contact Lake project, marking the first project news following the rebrand.

Trident stated the drill program would be conducted over the summer and consist of approximately 5,000 meters, with 3,800 meters to be carried out at the Contact Lake deposit and 1,200 meters at the Preview SW deposit.

Shares in Trident reached a year-to-date high of C$0.75 on July 3.

4. Solstice Gold (TSXV:SGC)

Year-to-date gain: 333 percent
Market cap: C$15.28 million
Share price: C$0.065

Solstice Gold is an exploration company focused on advancing its flagship Strathy gold project in Ontario, which it acquired in June 2024.

The project consists of 45 claims covering an area of 45 square kilometers in the Temagami Greenstone belt. Historical documents report six gold showings in the central portion of the project areas, with documented mineralization at the Leckie prospect.

On January 15, Solstice announced results from an induced polarization survey of the property. It identified 50 new targets, with the highest priority targets being along strike on the Leckie Fault. The company stated that the results support the existence of an extensive, largely unexplored system, with potential for multiple discoveries.

Solstice said it had also been selected to receive a grant under the Ontario Junior Exploration Program from the provincial government. The grant will provide 50 percent of the exploration funding, up to a maximum of C$194,000.

Shares in Solstice gained early in the year following its January 20 announcement that Michael Gentile had increased his stake in Solstice to 16.76 percent, making him the single largest shareholder.

In its latest project update on July 2, Solstice announced it had wrapped up its spring drill program, which focused on four target areas. In total, the company completed 3,125 meters of drilling across 14 holes, and results are expected in July.

The company reported that it had entered into an agreement to acquire 17 additional claims, which would increase the project area by 50 percent. It added that targets identified from its IP program may extend along strike into these claims.

Shares in Solstice reached a year-to-date high of C$0.065 on June 27.

5. Lahontan Gold (TSXV:LG)

Year-to-date gain: 300 percent
Market cap: C$28.49 million
Share price: C$0.10

Lahontan Gold is a development and exploration company dedicated to advancing a portfolio of properties in Nevada, United States.

Its primary focus is on its flagship Santa Fe gold-silver project in Walker Lane. The property consists of 291 unpatented lode mining claims, 67 unpatented mill site claims, and 24 patented lode mining claims, covering a land package of 26.4 square kilometers.

On January 24, the company released a PEA for the project that demonstrated an after-tax net present value of US$56.5 million with an internal rate of return of 17.4 percent over a payback period of 4.24 years based on a gold price of US$2,025 per ounce.

The included MRE for the site reports an indicated resource of 1.44 million ounces of gold and 11.2 million ounces of silver from 48.39 million metric tons of ore at an average grade of 0.92 g/t gold and 7.18 g/t silver. It also hosts an inferred resource of 401,000 ounces of gold and 1.75 million ounces of silver from 16.76 million metric tons at a grade of 0.74 g/t gold and 3.25 g/t silver.

The most recent news from Lahontan was on March 18, when it provided an update on its Exploration Plan of Operation submitted to the Bureau of Land Management in November 2024. In the release, the company stated it expects the Bureau to approve the plan, allowing permitting to proceed to the National Environmental Policy Act phase. According to Lahontan, final approval is on track for late 2025.

In the meantime, Lahontan stated that it would be able to continue exploration drilling at its patented mining claims under a Notice of Intent (NOI). On May 6, the company filed a new NOI for additional drilling at the site that would target extensions in the Slab and York areas of the project, and the BLM approved it on June 9.

Additionally, the company announced on June 24 that it had started metallurgical test work at Santa Fe with the goal of substantially improving CN leach gold recoveries for transition materials compared to the 49 percent recovery in the PEA.

Shares in Lahontan reached a year-to-date high of C$0.105 on June 25.

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

This post appeared first on investingnews.com

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Stock

Don’t Overlook This Lagging Industry; I Believe It’s Set To Explode!

Stock 2 Mins Read

I like to trade stocks that are relative leaders and belong to industry groups that are leaders as well. For the past 2-3 months, much has been written about and discussed with respect to semiconductors ($DJUSSC), software ($DJUSSW), electrical components & equipment ($DJUSEC), electronic equipment ($DJUSAI), recreational services ($DJUSRQ), travel & tourism ($DJUSTT), etc. These groups were laggards prior to showing absolute and relative strength and, many times, it’s the absolute strength (think breakout) that triggers money flows into that particular area of the market.

With that in mind, where’s one area that we could see upcoming strength during the summer months?

Computer Hardware

I know this group has been out of favor, but that seemed to change last week:

Its absolute downtrend seems to have been broken and we saw a glimpse of solid relative strength. Seasonality also leads me to believe that this run could very well just be getting started. Check this out:

Over the past 20 years, the DJUSCR has crushed the S&P 500 during the months of July and August. It’s easily been the group’s best two calendar months historically. These two months have consistently been great months for computer hardware stocks as they’ve each gained ground in roughly 3 out of every 4 years. Apple, Inc. (AAPL), the leading computer hardware stock, absolutely loves the months of July and August.

I expect last week’s rally to continue right up to AAPL’s earnings report on July 31st, and possibly beyond.

I’ll be featuring one other computer hardware stock in our FREE EB Digest newsletter on Monday morning that has CRUSHED the S&P 500 during July and August historically and it boasts one of the strongest charts in technology since the April low. If you’re not already an EB Digest subscriber, simply CLICK HERE to provide your name and email address. I’ll get that chart out to you first thing tomorrow morning!

Happy trading!

Tom

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Investing

Questcorp Mining Continues Exploration in Advance of Drilling at the La Union Gold & Silver Project in Mexico

Investing 5 Mins Read

Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to update shareholders on the on-going surface exploration in preparation for drilling at the La Union Gold-Silver Project in Sonora, Mexico. Questcorp has an Option earn a 100% interest from Riverside Resources Inc. in the 2,520 ha (25 km sq) property by making a series of cash payments and share issuance and completing a series of exploration expenditures.

Questcorp President & CEO, Saf Dhillon, stated: ‘We are pleased with the progress Riverside has made as we complete the preliminary exploration steps, in finalizing our drill targets for the upcoming maiden drill program at La Union. The decades of in country exploration experience that John-Mark and his Riverside team diligently bring to focus at the La Union project is very evident as they continue to further de-risk the up-coming 1,500 metre drill program.’

Figure 1: Cross section IP with interpreted structures and targets from Union new Induced Polarity geophysics survey.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10197/257897_4d60e7d2c4556af9_001full.jpg

La Union operator Riverside Resources has successfully completed two IP lines over the La Union and La Union Norte mines respectively, highlighting chargeability and resistivity features at depth which will guide the placement of the first ever drill holes on the property, as well as correlating with mapped mineralized zones and former workings.

A drone magnetic survey was flown over the property to provide structural context, follow up potential intrusive feeders and provide information about potential faults beneath the pediments and post-mineral young cover units.

Ongoing surface geochemistry and mapping continues to strengthen the targeting pipeline, particularly across exposed gold-rich manto zones and along the margins of shallow post-mineral gravel pediment cover. These efforts are focused on delineating the transition zones from covered to exposed mineralization and establishing structural controls that may influence ore continuity at depth.

The La Union Project

The La Union Project is a carbonate replacement deposit (‘CRD’) project hosted by Neoproterozoic sedimentary rocks (limestones, dolomites, and siliciclastic sediments) overlying crystalline Paleoproterozoic rocks of the Caborca Terrane. The structural setting features high-angle normal faults and low-to-medium-angle thrust faults that sometimes served as mineralization conduits. Mineralization occurs as polymetallic veins, replacement zones (mantos, chimneys), and shear zones with high-grade metal content, as shown in highlight grades of 59.4 grams per metric tonne (g/t) gold, 833 g/t silver, 11% zinc, 5.5% lead, 2.2% copper, along with significant hematite and manganese oxides, consistent with a CRD model (see the technical report entitled ‘NI 43-101 Technical Report on the Union Project, State of Sonora, Mexico’ dated effective May 6, 2025 available under Questcorp’s SEDAR+ profile). These targets also demonstrate intriguing potential for large gold discoveries potentially above an even larger porphyry Cu district potential as the Company’s target concept at this time.

Questcorp cautions investors grab samples are selective by nature and not necessarily indicative of similar mineralization on the property.

Riverside, the operator of the La Union Project, is currently lining up the various geophysical contractors to immediately undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets.

The technical and scientific information in this news release has been reviewed and approved by R. Tim Henneberry, P. Geo (BC), a director of the Company and a ‘qualified person’ under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Questcorp Mining Inc.

Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.

Contact Information

Questcorp Mining Corp.
Saf Dhillon, President & CEO
Email: saf@questcorpmining.ca
Telephone: (604) 484-3031

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Riverside’s arrangements with geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the ability of Riverside to secure geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets as contemplated or at all, general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that the geophysical surveys will be completed as contemplated or at all and that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257897

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Editor's pick

Is a Chinese chain’s blood orange cold brew the future of coffee in America?

Editor's pick 5 Mins Read

Chinese chain Luckin Coffee opened its first two U.S. locations this week, betting that mobile-only ordering and creative flavors can lure customers away from Starbucks.

Both new Luckin stores are based in Manhattan, and at the midtown location on Wednesday, Sam Liu took a sip of her jasmine cold brew.

“I’ve never tried anything like it,” she said.

I thought I just order at the counter, but I realized everyone was standing around looking at their phone.

Luckin Customer Sam Liu, New York City

Liu said she’d hoped for more seating — the small shop has only three tables — and was initially confused by Luckin’s in-app ordering system, which means customers can’t order directly from a barista.

“I thought I just order at the counter, but I realized everyone was standing around looking at their phone,” Liu said.

Luckin is China’s largest coffee chain, with more than twice as many locations as Starbucks there. Its two New York City stores are its first foray outside Asia, where it has over 24,000 locations across the region. By comparison, there are over 17,000 Starbucks in the United States.

Its CEO, Guo Jinyi, called the U.S. “a strategically important market” for the company’s expansion in a press release heralding the two new locations Wednesday. “We are excited to introduce a diverse and unique coffee experience to American consumers.”

The company, which didn’t respond to a request for comment, has touted its ambitions to expand globally but hasn’t publicly detailed its next moves in the U.S. or other markets.

The chain has gained success overseas through creative drinks like alcohol-infused coffees and fruit lattes, along with its smartphone-centric ordering model. The app-based approach makes it easier to track inventory, send personalized appeals to consumers and serve drinks quickly, said John Zolidis, an analyst who tracks Luckin and Starbucks at the brokerage firm he founded, Quo Vadis Capital.

“Luckin was able to develop an incredible muscle with regard to product innovation, and they have been very creative in China,” he said.

Drink orders ready for pickup or delivery inside one of the Manhattan Luckin shops on Monday.Anthony Behar / Sipa USA via AP

Zolidis said how Luckin fares on Starbucks’ home turf will depend on its ability to differentiate its menu from other major U.S. coffee chains and smaller, independent cafes. Its American lineup already includes distinctive drinks like blood orange cold brew and coconut lattes.

“These orange drinks, or one of their most successful, a coconut cloud latte — that’s how you get trial [customers] from the U.S.,” Zolidis said.

Luckin faced financial troubles during the pandemic. It was delisted from Nasdaq in 2020 after its stock plunged following an internal investigation that found an executive had falsified revenue reports. The company filed for bankruptcy in the U.S. the following year but emerged from proceedings in 2022 and its sales have soared since, reaching $4.7 billion worldwide in fiscal year 2024, a 38.4% increase from 2023.

Luckin was able to develop an incredible muscle with regard to product innovation, and they have been very creative in China.

John Zolidis, Founder, Quo Vadis Capital

Starbucks, by contrast, is struggling in both the U.S. and China. Its same-store sales in the U.S. declined 2% and its sales in China 8% in fiscal year 2024, and it reported in April that its quarterly profit was half of what it pulled in for the same period last year. The Seattle-based chain is reportedly looking to partially sell its business in China while revamping its U.S. strategy to focus on customer experience and human connection, in contrast with Luckin’s model.

“We veered away from, I think, owning the idea of the ‘third place,’ the coffeehouse experience, making sure that the customer was front and center,” Starbucks CEO Brian Niccol told NBC News in June.

A Starbucks spokesperson declined to comment.

Zolidis said that whereas Starbucks aims in both the U.S. and China to appeal to customers looking for higher-end coffee served in an inviting setting, Luckin has successfully positioned itself as the “everyman’s coffee” in China, with low prices and small, grab-and-go storefronts.

After taking the train in from Hoboken, New Jersey, to check out the new one in midtown, Samantha Coy said the trip was worth it. She had enjoyed Luckin in China previously and was eager to order one of its fruit drinks.

“I’m surprised Starbucks hasn’t tried to bring that over to the U.S.,” Coy said. “I hope they stay open.”

Zolidis said he thinks Luckin is well-positioned to gain a foothold in America.

“They’ve been able to operate and grow incredibly quickly in the Chinese market, much faster than I would have thought possible, and they’ve been able to sustain it and develop a strong financial model so they can fund their expansion in the U.S.,” Zolidis said. “They wouldn’t be coming here to try it if they didn’t think they had a shot of owning part of the market.”

This post appeared first on NBC NEWS

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Investing

Tech 5: US Lifts EDA Restrictions for China, Apple Explores Third Party AI for Siri

Investing 7 Mins Read

The stock markets had a dynamic start to the third quarter, pushing indices to new highs after earlier tariff concerns.

On Monday (June 30), markets generally saw strong gains, with the S&P 500 (INDEXSP:INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) reaching new record highs in the US while the S&P/TSX Composite Index (INDEXTSI:OSPTX) climbed higher after a last-minute policy reversal to rescind a planned digital services tax targeting US tech firms.

Tuesday (July 1), Canadian markets were closed for Canada Day. As for US markets, following two consecutive days of highs, the S&P and Nasdaq declined on Tuesday (July 1) after a renewed feud between Tesla (NASDAQ:TSLA) CEO Elon Musk and US President Donald Trump sent Tesla shares down by over 5 percent.

However, tech stocks boosted the performance of both Canadian and US markets on Wednesday (July 2) and Thursday (July 3) after export restrictions to China were lifted and the US labor market reported better-than-expected unemployment data.

US markets were closed on Friday (July 4) for a holiday, while Canadian markets ended the day slightly positive.

1. Meta announces AI restructure, continues talent acquisition

Last weekend, reports surfaced that Meta Platforms (NASDAQ:META) has hired four additional researchers from OpenAI, bringing the total number of high-profile AI talent poached from other tech labs to 13, according to a tweet from former Scale AI CEO Alexandr Wang, who was recently recruited as Meta’s Chief AI Officer.

Then, in an internal memo to employees on Monday, Meta CEO Mark Zuckerberg unveiled the company was restructuring its AI division under the name Meta Superintelligence Labs. According to the memo, which was reviewed by Bloomberg, the new division will be led by Wang and one of its commitments is ‘developing AI ‘superintelligence’ or systems that can complete tasks as well as or even better than humans.’

Meta has reportedly offered researchers contracts and signing bonuses worth up to US$100 million; however, Chief Technology Officer Andrew Bosworth has pushed back on those reports, claiming the figures are inflated.

Helen Toner, a former OpenAI board member and director of strategy at Georgetown’s Center for Security and Emerging Technology, told Bloomberg TV’s Haslinda Amin on Thursday that Meta’s bid to become an AI leader would be “difficult” considering its track record of internal dysfunction and questions around the return on its massive talent spending.

“Meta has started to get a reputation of having a little bit of a dysfunctional AI team, not really having its organizational structure set up in a way that really lets them succeed and innovate. And what I think we’re seeing here is CEO Mark Zuckerberg really stepping in and saying, well, we have to do something differently. We need a big new push, we need a big new effort,’ she said.

‘I think (Meta is) really trying to start something new, to pour enormous amounts of financial resources into that. So the question (to watch) is six months from now, 12 months from now, is that paying off for them?’

2. Apple considers third-party AI for Siri overhaul

Apple (NASDAQ:AAPL) is reportedly in active discussions with Anthropic and OpenAI to integrate their foundation models into an overhauled version of its voice assistant Siri, a significant pivot from the company’s in-house approach to AI. According to people familiar with the discussions who spoke to Bloomberg, Apple has asked both companies to train versions of their models that could be tested on Apple’s infrastructure, the publication reported Monday.

Apple announced plans to release a new version of its voice assistant at its Worldwide Developers Conference in 2024. The release was slated for 2026, but the company has run into multiple engineering snags and delays, and ultimately replaced John Giannandrea with Mike Rockwell as the new Siri chief executive.

Rockwell and software engineering head Craig Federighi launched an evaluation, instructing staff to assess Siri’s performance using third-party tech, including Anthropic’s Claude, OpenAI’s ChatGPT and Alphabet’s (NASDAQ:GOOGL) Gemini.

According to Bloomberg’s sources, the team found Anthropic’s technology most promising for Siri, leading Apple’s vice president of corporate development to open discussions with Anthropic.

Bloomberg’s sources maintain that the development of an in-house model is still active, and Apple hasn’t made a final decision on using third-party models.

Apple shares closed up 6.24 percent for the week.

Apple’s share price performance, June 30 to July 3, 2025.

3. Oracle and OpenAI ink massive computing deal

OpenAI will rent roughly 4.5 gigawatts of computing power from Oracle (NYSE:ORCL) as part of the Stargate Project, according to sources for Bloomberg. The news follows a US$30 billion single cloud deal announced on Monday with an unnamed customer.

The Stargate energy deal is reportedly a component of that larger contract.

Sources added that Oracle will develop multiple data centers in the US, considering sites in Texas, Michigan, Wisconsin and Wyoming, and that the company will expand its recently built center in Abilene, Texas, to accommodate about two gigawatts of power capacity.

This collaboration underscores the escalating demand for high-performance computing necessary to train and operate advanced AI models. OpenAI, a leader in AI research and development, requires immense computational resources to fuel its projects, including large language models and other sophisticated AI applications.

The Stargate initiative positions Oracle as a crucial enabler of this next generation of AI innovation, solidifying its role in the evolving cloud and AI ecosystem. The long-term implications of this partnership could see a significant shift in how AI companies acquire and manage their computational infrastructure, potentially paving the way for more dedicated and extensive cloud partnerships in the future.

Oracle’s share price performance, July 1 to July 3, 2025.

4. CoreWeave deploys first Nvidia GB300-powered AI server

CoreWeave (NASDAQ:CRWV) said it has received the first AI server system built around NVIDIA’s (NASDAQ:NVDA) ultra-powerful GB300 Grace Blackwell AI chip.

The server is deployed within Dell’s (NYSE:DELL) integrated rack-scale system — a turnkey AI infrastructure platform combining compute, networking and cooling — and features 72 of Nvidia’s GB200 chips.

CoreWeave said it will install the cutting-edge hardware in the US and roll out more servers over time. The company will offer the server as part of its AI cloud platform, allowing clients like OpenAI to train and deploy massive, next-generation AI models with faster speeds and greater efficiency.

In the announcement, CoreWeave claimed the NVIDIA GB300 NVL72 significantly boosts AI reasoning performance, offering a 10 times improvement in user responsiveness and five times better throughput per watt than the Hopper server. This translates to an increase of fifty times in reasoning model inference output, enabling faster, more complex AI models.

5. US lifts EDA software export restrictions to China

License requirements for design software sales in China were lifted this week as part of a trade deal between the US and China.

On July 2, the US Commerce Department told Synopsys (NASDAQ:SNPS), Cadence Design Systems (NASDAQ:CDNS) and Siemens (XETR:SIE), three of the world’s leading design software providers, that they would no longer need to seek government licenses to conduct business in China.

Official announcements from the companies confirmed they would be resuming business with Chinese counterparts, sending each of their stock prices up between 3 and 6 percent.

The US government restricted sales of electronic design automation (EDA) tools to China in late May as a response to China’s decision to limit shipments of essential rare earth minerals. Last week, the two countries reached a trade agreement that would re-allow shipments of EDA software after Beijing speeds up approvals of critical mineral exports to the US.

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

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Week Ahead: NIFTY Set To Stay In A Defined Range Unless These Levels Are Taken Out; Drags Support Higher

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After a strong move in the week before this one, the Nifty spent the last five sessions largely consolidating in a very defined range. The markets traded with a weak underlying bias and lost ground gradually over the past few days; however, the drawdown remained quite measured and within the expected range. As the markets consolidated, the trading range got narrower. The Nifty moved in a 337-point range during the week. While the Index formed a near-similar high, it marked a much higher low. The volatility also retraced; the India VIX came off by 0.59% to 12.31. While showing no intention to trend higher, the headline Index closed with a net weekly loss of 176.80 points (-0.69%).

The Nifty has created an intermediate resistance zone between 25600 and 25650. A trending move on the upside would happen only if the Nifty is able to take out this zone on the upside convincingly. Until that happens, we will see the Nifty continuing to consolidate with 25100 acting as support. This is the prior resistance level, which is expected to act as support in case of any corrective retracement. So long as the Nifty is inside the 25000-25650 zone, it is unlikely to develop any sustainable directional bias on either side.

Friday was a trading holiday in the US. Because of this, we will not have any overnight cues to deal with on Monday. The Indian markets may see a stable and quiet start. The levels of 25650 and 25800 are likely to act as probable resistance points. Support levels come in at 25250 and 25000.

The weekly MACD is bullish and remains above its signal line. The weekly RSI is 62.40; it stays neutral and does not show any divergence against the price. No major formation was noticed on the candles.

The pattern analysis of the weekly chart reveals that after breaking above the rising trendline resistance and moving past the 25000-25150 zone, the Nifty consolidated after trending higher for four consecutive days. Over the past week, it gave up a portion of its gains and consolidated at higher levels. In the process, it has dragged its support level higher to 25000. As long as the Index remains above this point, the breakout and the resumption of the upmove observed in the preceding week remain valid and intact.

Overall, it is expected that the Nifty will remain within the 25000-25650 range over the coming week. The markets are unlikely to develop any directional bias unless they move past the 25650 level or violate the 25000 level. Sector rotation within the market is very much visible; it would be imperative to efficiently rotate sectors and stay invested in those that show improved relative strength and a promising technical setup. We are likely to see improved performance in the Auto, Energy, IT, and broader markets, among other sectors. It is also strongly recommended to protect profits here, where the stocks have run up hard. Any aggressive shorting should be avoided as long as the Nifty stays above the 25000 level. A cautiously positive approach is advised for the coming week.

Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks. 

Relative Rotation Graphs (RRG) show that the Nifty PSU Bank Index and the Midcap 100 Index are the only two groups that are inside the leading quadrant. They are likely to outperform the broader markets relatively.

The Nifty Infrastructure Index is experiencing an improvement in its relative momentum while it remains within the weakening quadrant. Additionally, the PSE, Nifty Bank, and the Financial Services Index are located within the weakening quadrant. While individual stock-specific performance may not be ruled out, the overall relative performance may take a backseat.

The Commodities Index and the Services Sector Index have rolled into the lagging quadrant. The Consumption, Pharma, and the FMCG Indices also continue to languish inside the lagging quadrant. The Metal Index is showing a sharp improvement in its relative momentum against the broader markets, while staying within the lagging quadrant.

The IT, Energy, Media, Realty, and Auto Indices are inside the Improving quadrant. They continue to rotate firmly while improving their relative performance against the broader Nifty 500 Index.

Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  

Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

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Syntheia Signs Definitive Agreement for Call Center Acquisition

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Syntheia Corp. (CSE – SYAI) (‘Syntheia’ or the ‘Company’) (Syntheia.ai), a leading provider of conversational AI solutions for inbound telephone call management, is pleased to announce that further to its press release on May 16, 2025, it has entered into a definitive agreement dated July 5, 2025 (the ‘Definitive Agreement’), to acquire certain assets from Call Center Guys Inc. (‘CCG Assets’), an arm’s length party (the ‘Transaction’). The Assets consist primarily of employees, customers and intellectual property of CCG.

Acquisitions Terms:

Subject to the fulfillment of certain closing conditions, the CCG Assets will be acquired for consideration from Syntheia as follows:

  • 20,000,000 common shares in the capital of the Company;
  • $8,000,000 cash to be financed through a debt financing on terms to be determined (the ‘Debt Financing‘) less the Canadian equivalent of USD$1,485,000 payable to a third party in connection with a further acquisition of assets pursuant to an asset acquisition agreement to be assigned to the Company prior to closing (the ‘Cash Payment‘); and

No finder fees will be paid in connection with the Transaction. The terms of the Debt Financing required to make the Cash Payment noted above will be provided in due course. It is expected that the closing of the Transaction will occur following completion of the Debt Financing.

All common shares of the Company to be issued in connection with the Transaction pursuant to the terms of the Definitive Agreement will be subject to a four-month and a day statutory hold period from the date of issuance.

‘This acquisition, upon completion will bring an immediate $10M+ in revenue with a projected $2.2M+ of EBITDA on annual basis. When we then combine with our Syntheia conversational AI platform, we expect savings and efficiencies resulting from deploying our technology of 30% while increasing the customer experience. Welcome to the power of AI’ commented Tony Di Benedetto CEO of Syntheia. ‘We look to continue this industry wide roll out across North America deploying our conversational AI platform in call center acquisitions where we can enhance revenue growth, realize savings, increase customer satisfaction, and create consistent accretive shareholder value. Stay tuned!’; said Tony Di Benedetto, Chief Executive Officer

About Syntheia

Syntheia is an artificial intelligence technology company which is developing and commercializing proprietary algorithms to deliver human-like conversations and deploying our technology to enhance customer satisfaction while dramatically reducing turnover and traditional staffing issues.

For further information, please contact:

Tony Di Benedetto
Chief Executive Officer
Tel: (844) 796-8434

Cautionary Statement

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘may’, ‘will’, ‘would’, ‘potential’, ‘proposed’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Forward-looking statements in this news release includes, but are not limited to, the synergies derived from the acquisition of the assets in the Transaction. Readers are cautioned that forward‐looking information is not based on historical facts but instead reflects the Company’s management’s expectations, estimates or projections concerning the business of the Company’s future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made.

Although the Company believes that the expectations reflected in such forward‐looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Please refer to the Company’s listing statement available on SEDAR+ for a list of risks and key factors that could cause actual results to differ materially from those projected in the forward‐looking information. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257850

News Provided by Newsfile via QuoteMedia

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Quimbaya Gold Closes $4 Million Financing and Expands Executive Team

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Cornerstone investor brings proven regional track record; company now fully funded into 2026 for multi-project advancement in Colombia

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya’ or the ‘Company’) is pleased to announce the closing of its upsized non-brokered private placement of 11,525,299 units of the Company (each, a ‘Unit’) at a price of C$0.35 per Unit for gross proceeds of $4,033,854 (the ‘Offering’).

Each Unit is comprised of one common share in the capital of the Company (a ‘Share‘) and one common share purchase warrant (a ‘Warrant‘). Each Warrant entitles the holder to acquire one Share at a price of C$0.60 per Share for a period of 36 months expiring on July 4, 2028.

As previously disclosed, the upsizing was driven by a single investor group with a long-term outlook and a successful track record of supporting exploration and development projects in South America. The Company views this as a strong endorsement of its team, strategy, and pipeline of high-potential assets across Colombia’s Antioquia district.

‘With this raise, we are now well-funded into 2026,’ said Alexandre P. Boivin, President & CEO. ‘These funds will allow us to deepen our work at the Tahami South project while expanding efforts across the broader portfolio. We’re committed to smart, disciplined execution and are very encouraged by the high conviction backing we’ve received.’

The proceeds from the Offering will be used to advance the Company’s exploration programs, including drilling at the Tahami South project and follow-up work on regional copper-gold and gold targets, as well as for general working capital.

Clarification on Finder’s Fees and Warrants

The Company wishes to clarify that a cash commission of $16,800 was paid and 48,000 broker warrants were issued in connection with the Offering. However, as previously disclosed, no commissions or other broker compensation were paid on the strategic investment that drove the upsizing.

In connection with the Offering, the Shares, Warrants and broker warrants are subject to a four-month and one-day hold period expiring on November 4, 2025.

Insider Participation

Certain insiders of the Company participated in the Offering subscribing for an aggregate of 435,714 units for an aggregate subscription amount of $152,500. Each of the subscriptions from insiders constitutes a ‘related party transaction’ pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) thereof, respectively, as the common shares of the Company are not listed on a specified market and neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company’s market capitalization (as determined under MI 61-101).

Appointment of Vice President, Business Development

Quimbaya is further pleased to announce the appointment of Sebastian Wahl as Vice President, Business Development. Mr. Wahl has served on the Company’s Board of Directors for the past six months and has played a pivotal role in shaping its strategic direction and external positioning.

Given his contributions to date and the Company’s growth trajectory, Mr. Wahl’s transition into an executive role is both timely and natural. As VP of Business Development, he will work closely with the CEO on capital markets initiatives, strategic partnerships, and internal structuring to ensure the Company is well-positioned for its next phase of growth.

‘Sebastian brings an exceptional network and a sharp sense of capital markets strategy,’ said Alexandre P. Boivin, President & CEO. ‘His insight and drive have already proven instrumental at the board level, and we’re excited to now have his energy full-time as we accelerate our momentum.’

Mr. Wahl’s appointment reinforces Quimbaya’s commitment to building a high-caliber leadership team capable of advancing its ambitious vision in Colombia and delivering value to shareholders.

Grant of Incentive Securities

The Company also announces that it has granted an aggregate of 1,730,000 restricted share units (RSUs) and 1,655,000 stock options to certain directors, officers, advisors, and consultants of the Company in accordance with its long-term performance incentive plan (the ‘LTIP‘). The stock options are exercisable at $0.50 per share for a period of three years.

About Quimbaya

Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

Contact Information

Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com 

Jason Frame, Manager of Communications jason.frame@quimbayagold.com, +1-647-576-7135‎

Quimbaya Gold Inc.
Follow on X @quimbayagoldinc
Follow on LinkedIn @quimbayagold
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Follow on Facebook @quimbayagoldinc

Cautionary Statements

Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking statements herein include statements and information regarding the Offering’s intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company’s properties and any results thereof, the strength of the Company’s mineral property portfolio, the potential discover and potential size of the discovery of minerals on any property of the Company’s, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company’s exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company’s ability to comply with environmental, health and safety laws. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257712

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Stallion Uranium to Resume Trading on the TSX-V and Enters into Agreement to Sell Shares of 1503571 B.C. LTD.

Investing 7 Mins Read

 

Stallion Uranium Corp. (the ‘ Company ‘ or ‘ Stallion ‘ ) ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) is pleased to announce that, further to the Company’s news releases dated May 14 th 2025 and May 21 st 2025, the TSX Venture Exchange (‘ TSX-V ‘) has approved the resumption of trading of the Company’s common shares. Trading will recommence on the TSX-V effective at markets’ open on July 7 th 2025. The Company is also pleased to announce that, further to its news release of November 28 th 2024, it has entered into a binding heads of agreement (the ‘ Heads of Agreement ‘) dated June 7 th 2025 amongst 1503571 B.C Ltd. (‘ 150 BC ‘), the remaining common shareholders of 150 BC (the ‘ Shareholders ‘) and Resolution Minerals Ltd. (‘ RML ‘), an ASX Listed Issuer, pursuant to which RML shall acquire all of the issued and outstanding shares of 150 BC.

 

The approval follows the revocation of the previously announced Cease Trade Order (‘ CTO ‘) issued by the British Columbia Securities Commission on May 7 th , 2025, as a result of the Company’s failure to file its audited annual financial statements, accompanying management discussion and analysis and certifications for the financial year ended December 31 st , 2024 (the ‘ Annual Filings ‘).

 

The CTO was issued under Multilateral Instrument 11-103 – Failure-To-File Cease Trade Orders In Multiple Jurisdictions and prohibits the trading or purchase by any person or company of any securities of the Company in each jurisdiction in Canada in which the Company is a reporting issuer for as long as the CTO remains in effect; however, the CTO provides an exception for beneficial securityholders of the Company who are not currently (and who were not as of May 7 th , 2025) insiders or control persons of the Company who may sell securities of the Company if both of the following criteria are met: (a) the sale is made through a foreign organized regulated market, as defined in Section 1.1 of the universal market integrity rules of the Investment Industry Regulatory Organization of Canada; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.

 

Further, the Company announces that Winning Media LLC of Huston, Texas, provided marketing services through one ticker tag article via the Globe and Mail for a one-day term on February 28 th , 2024, in consideration of a payment of USD$3,500. The services are no longer in effect and were not reviewed nor approved by the TSX-V at the time the services were provided as required by the policies of the TSX-V.

 

With stronger internal controls now in place, Stallion remains focused on unlocking the significant potential of its exploration portfolio in the prolific Athabasca Basin, recognized globally for its high-grade uranium deposits. The Company looks forward to providing further updates on its upcoming exploration activities in the near future.

 

  Agreement to Sell Shares of 1503571 B.C. LTD.:  

 

Pursuant to the Heads of Agreement, Stallion, along with the Shareholders have agreed to sell their common shares of 150 BC (the ‘ 150 BC Shares ‘) to RML (the ‘ Transaction ‘). Stallion acquired its 11,111,111 150 BC Shares in connection with the optioning of the Horse Heaven Property, as described in its news release dated November 8 th , 2024.

 

In connection with the Transaction, RML shall make the following payments to the Shareholders, on a pro rata basis in proportion to their shareholdings in 150 BC: (i) an aggregate of 444,812,889 fully paid ordinary shares in the capital of RML (‘ Consideration Shares ‘); (ii) an aggregate of 222,406,445 options to acquire fully paid ordinary shares in the capital of RML exercisable at A$0.018 each on or before July 31 st 2028 (‘ Consideration Options ‘); (iii) pay the Shareholders an initial aggregate cash payment of A$600,000 on completion of the Transaction (‘ Completion ‘); and (ii) a second aggregate cash payment of A$400,000 payable within nine months of Completion.

 

Stallion’s pro rata interest in such consideration is anticipated to be: 59,466,963 Consideration Shares, 29,733,482 Consideration Options, and aggregate cash payments of A$145,033. The Consideration Shares shall be subject to contractual escrow whereby 25% shall be released on Completion, 25% on the three-month anniversary from Completion, 25% on the six-month anniversary from Completion, and the final 25% on the 12-month anniversary from Completion.

 

The Transaction is subject to due diligence, RML shareholder approval, regulatory approvals, and other customary conditions to closing. There can be no guarantee that the Transaction will be completed as anticipated, or at all. RML and the Shareholders are arm’s length parties to Stallion.

 

  About Stallion Uranium Corp.  

 

 Stallion Uranium is working to ‘Fuel the Future with Uranium’ through the exploration of roughly 1,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones and deposits.

 

Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. For more information visit stallionuranium.com .

 

  On Behalf of the Board of Stallion Uranium Corp.  

 

Matthew Schwab
CEO and Director

 

  Corporate Office:  
700 – 838 West Hastings Street,
Vancouver, British Columbia,
V6C 0A6

 

T: 604-551-2360
info@stallionuranium.com  

 

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

 

  This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, ‘forward-looking statements’) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ‘will likely result’, ‘are expected to’, ‘expects’, ‘will continue’, ‘is anticipated’, ‘anticipates’, ‘believes’, ‘estimated’, ‘intends’, ‘plans’, ‘forecast’, ‘projection’, ‘strategy’, ‘objective’ and ‘outlook’) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.  

 

  Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement .

 

   

 

 

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