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Top 5 Canadian Mining Stocks This Week: Prospector Metals Gains 356 Percent

Investing 9 Mins Read

The big news impacting markets this week is the shutdown of the US government.

While lawmakers were trying to find a funding solution, Democratic and Republican lawmakers were at loggerheads over maintaining funding for Medicaid programs. It marks the first time in seven years that the government has been shut down — the last time came during negotiations over the disputed US-Mexico border wall in December 2018.

President Donald Trump has resolved to use the closure to push through the firing of thousands of federal government employees and cut funding to projects promised by Democrats.

Additionally, the jobs report, scheduled for release on Friday (October 3), was delayed, causing greater uncertainty for analysts and investors who were trying to gauge the strength of the economy in September.

Despite the lack of official government data, payroll processor ADP reported a loss of 32,000 jobs in September. The decline represents a significant difference from the 45,000 jobs analysts had expected to be added.

Lawmakers aren’t scheduled to return to the negotiating tables until early next week.

For more on what’s moving markets this week, check out our top market news round-up.

Markets and commodities react

Canadian equity markets were in positive territory this week by the end of trading Friday.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) continued its record breaking performance this week, gaining 2.33 percent on the week to close Friday at 30,471.68.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) performed even better, ending the week up 4.38 percent to 964.04. The CSE Composite Index (CSE:CSECOMP) was up 3.3 percent on to close out the week at 180.03.

The gold price continued to climb this week, setting another new record, as it achieved an intraday high of US$3,893.82 per ounce on Thursday (October 2). It was still up 3.63 percent on the week at US$3,884.19 by Friday’s close.

The silver price saw more significant gains, rising 6.31 percent to set a year-to-date high of US$48.30 per ounce during trading on Friday before settling at US$47.95 per ounce by 4:00 p.m. EDT.

The silver price is trading at 14 year highs and has been closing in on records set in April of that year.

Copper had sizable gains this week as the fallout from the closure of Freeport’s Grasberg mine continued to ripple through the market. The copper price was up 7.13 percent this week to US$5.11 per pound.

The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) fell 2.12 percent to end Friday at 546.27.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stocks data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Prospector Metals (TSXV:PPP)

Weekly gain: 355.56 percent
Market cap: C$128.18 million
Share price: C$1.23

Prospector Metals is a gold explorer working to advance its flagship ML project in the Yukon, Canada.

The 10,869 hectare property, situated near Dawson City, is located within the Tintina Gold Belt, which is home to significant historic mining operations and current exploration and development projects.

Exploration at the site has led to the discovery of more than two dozen high-grade gold surface occurrences, including the Bueno target, which has delivered samples with grades of up to 156 grams per metric ton (g/t).

Shares of Prospector surged following the release of assay results on Wednesday (October 1). In its announcement, the company reported significant near-surface, high-grade assays, with one highlighted sample returning grades of 13.79 g/t gold over 44 meters, and another showing 21.93 g/t gold over 24.65 meters, including 288 g/t gold over 1 meter.

2. Sokoman Minerals (TSXV:SIC)

Weekly gain: 200 percent
Market cap: C$45.92 million
Share price: C$0.165

Sokoman Minerals bills itself as a discovery-oriented company with a portfolio of gold projects and one of the largest land positions in Newfoundland and Labrador, Canada. It also owns a 40 percent stake in the Killick lithium project, a 40/40/20 joint venture with Benton Resources (TSXV:BEX) and Piedmont Lithium (ASX:PLL).

Its primary focus is its flagship Moosehead gold project, located in Central Newfoundland. The project consists of 98 claims covering 2,450 hectares and hosts an orogenic Fosterville-style gold system, according to Sokoman. The company has defined seven zones with high-grade mineralization through over 130,000 meters of drilling.

Sokomon reported on September 12 that it planned to start diamond drilling at the site with a focus on testing the Eastern and Western Trend zones for depth extensions, as well as undiscovered parallel zones. Additionally, the company said on September 2 that it had expanded its land position at the Crippleback Lake gold-copper property to 13,000 hectares and planned to mobilize for induced-polarization surveys, sampling and mapping of the site.

The most recent news from the company came on Monday (September 29), when it announced that Denis Laviolette was appointed to the roles of director, executive chair and CEO. Laviolette joins the company with over two decades of experience in the mining industry, including roles in geology and production, and as an industry analyst.

The company also announced that Timothy Froude will be transitioning to the role of company president, having previously held both the president and CEO roles. Additionally, Gary Nassif, former senior vice president of Lode Gold Resources (TSXV:LOD,OTCQB:LODFF), was appointed as a director, and Greg Matheson, former COO of New Found Gold (TSXV:NFG,NYSEAMERICAN:NFGC), was named vice president of exploration.

3. Kesselrun Resources (TSXV:KES)

Weekly gain: 118.18 percent
Market cap: C$10.82 million
Share price: C$0.12

Kesselrun Resources is an explorer working to advance the Huronian gold project in Ontario, Canada.

The project is located in a region with significant exploration and mining assets, including Agnico Eagle Mines’ (TSX:AEM,NYSE:AEM) Hammond Reef project and New Gold’s (NYSE:NGD,TSX:NGD) Rainy River mine. Historic indicated resources at Huronian are 45,000 ounces of gold, with inferred quantities of 501,000 ounces or gold.

Shares of Kesselrun surged this week after Gold X2 Mining (TSXV:AUXX,OTCQB:GSHRF) announced on Wednesday that it had signed a definitive agreement to acquire Kesselrun. Gold X2 said the transaction will give it a 100 percent interest in the Huronian project, which is located adjacent to its own Moss gold project.

4. Royal Road Minerals (TSXV:RYR)

Weekly gain: 104.35 percent
Market cap: C$55.80 million
Share price: C$0.235

Royal Road is an exploration company working to advance its Güintar and Margaritas projects and the El Aleman mining concession in Colombia. The company acquired the adjacent Güintar and Margaritas properties, located near Medellin, from major miner AngloGold Ashanti (NYSE:AU,JSE:ANG) in 2019. Since that time, Royal Road has drilled a total of 13,700 meters across 45 drill holes at Güintar, while Margaritas remains untested.

Assays have produced a highlighted intersection of 1 g/t gold equivalent over 303.7 meters, which includes 2.1 g/t gold, 12.4 parts per million silver and 0.6 percent copper over 62 meters.

Shares of Royal Road gained this week alongside a pair of news releases. On Monday, the company announced that Rio2 (TSXV:RIO,OTCQX:RIOFF) has acquired approximately 15 percent of Royal Road’s issued and outstanding shares as part of a block trade; they were previously held by a single investor.

The other release came on Tuesday (September 30), when Royal Road reported that it has engaged with state and local authorities, as well as the local community, to restart work at Güintar and Margaritas.

5. StrikePoint Gold (TSXV:SKP)

Weekly gain: 103.85 percent
Market cap: C$12.06 million
Share price: C$0.265

StrikePoint Gold is an explorer with a focus on its Hercules gold project in Nevada, US.

The 100 square kilometer site, located within the Walker Lane Trend, hosts five drill-tested targets, with over 300 holes. The company acquired the property in August 2024 from Elevation Gold Mining for a total consideration of C$250,000, along with a 3 percent royalty on certain claims. On April 28, the company released results from its spring drilling program, with one highlighted assay returning values of 0.54 g/t gold and 4.62 g/t silver from 32.04 meters below surface; that includes an interval of 1.14 g/t gold and 10.53 g/t silver over 4.57 meters.

The most recent news from the project was announced on September 23, when StrikePoint said it had received drill permits for the Pony Meadows target. The company noted that it is permitted to mobilize up to three rigs, and will focus on a 2.6 kilometer structure that was revealed during surface exploration.

StrikePoint said it has two additional permits for the Sirens and Como Comet targets.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

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Apollo Silver Announces Upsize of Private Placement Offering

Investing 7 Mins Read

Apollo Silver Corp. (‘ Apollo Silver ‘ or the ‘ Company ‘) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that due to strong investor demand from current shareholders, the Company has elected to increase the size of its previously announced non-brokered private placement offering and will now offer up to 7,437,680 (the ‘ Units ‘) of the Company at a price of $3.60 per Unit, for aggregate gross proceeds of up to $26,775,648 (the ‘ Upsized Offering ‘).

Each Unit issued pursuant to the Upsized Offering will consist of one common share (a ‘ Share ‘) in the capital of the Company and one common Share purchase warrant (a ‘ Warrant ‘). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $5.50 for 24 months from the closing date of the Offering. The Warrants will be subject to an acceleration provision, such that if at any time after the date that is four months and one day after the closing, the Company’s Shares trade on the TSX Venture Exchange (the ‘ TSXV ‘) at a closing price of $7.50 or greater per Share for a period of ten (10) consecutive trading days, the Company may accelerate the expiry of the Warrants by giving notice to the holders thereof and, in such case, the Warrant will expire on the thirtieth (30th) day after the date of such notice (the ‘ Acceleration Provision ‘)

All securities issued in connection with the Upsized Offering will be subject to a four-month hold period from the date of closing. Finder’s fees may be payable on some or all of the funds raised, in accordance with the policies of the TSXV. The Company intends on using the net proceeds from the Upsized Offering to continue advancing the Calico Silver Project in San Bernardino, California; to support community relations initiatives at Cinco de Mayo Silver Project in Chihuahua, Mexico; to cover ongoing property maintenance costs at both projects; and for general corporate purposes.

Closing of the Upsized Offering is subject to final regulatory approval including that of the TSXV.

Insider Participation

The Upsized Offering will include participation by certain insiders of the Company, which constitutes a ‘related party transaction’ under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). The issuance of securities to insiders will be exempt from the formal valuation requirement pursuant to section 5.5(b) of MI 61-101, as the Company’s shares are not listed on a specified market, and from the minority shareholder approval requirement pursuant to section 5.7(a) of MI 61-101, as the fair market value of the securities issued to related parties does not exceed 25% of the Company’s market capitalization.

The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Apollo Silver Corp.

Apollo is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite credits – a critical mineral essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com

Telephone: +1 (604) 428-6128

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

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expected timing for completion of the Upsized Offering; and the intended use of proceeds from the Offering. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws .

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

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Editor’s Picks: Gold Price Sets Sights on US$3,900, Silver Breaks US$48

Investing 5 Mins Read

The gold price continued to move this week, approaching the US$3,900 per ounce level and setting a fresh all-time high on the back of a US government shutdown.

The closure came after Congress failed to reach an agreement on a spending bill ahead of the new American fiscal year, which began on Wednesday (October 1).

Democrats and Republicans are at odds as Democrats push for changes to the bill, including an extension to billions of dollars in Obamacare subsidies; meanwhile, President Donald Trump has threatened thousands of permanent layoffs, not just temporary furloughs.

This shutdown is the 15th since 1981, and according to Senate Majority Leader John Thune, it could continue on until next week as the two sides negotiate. The longest government shutdown happened between 2018 and 2019, during Trump’s first presidency, and lasted for 35 days.

Part of the reason market watchers see this shutdown as significant is that it will delay the release of the latest nonfarm payrolls report, which was set to come out on Friday (October 3).

Depending on how long the shutdown lasts, September consumer price index data, which is scheduled for publication on October 15, may also not be on time.

The US Federal Reserve is due to meet later this month, from October 28 to 29, and normally would use this and other data to help make its decision on interest rates. The central bank cut rates by 25 basis points at its September meeting, and CME Group’s (NASDAQ:CME) FedWatch tool currently shows strong expectations for another 25 basis point reduction at the next gathering.

Although gold took a breather after nearing US$3,900, it remains historically high, with many market watchers suggesting US$4,000 is in the cards in the near term.

In the longer term, some experts have even loftier expectations — for example, Adam Rozencwajg of Goehring & Rozenwajg sees a path to a five-figure gold price.

‘It’s not going to happen under normal circumstances — it’s not going to happen when everything’s going great. But by the end of this cycle, will we get there? I think we probably will,’ he said.

It’s also worth touching on silver, which pushed past the US$48 per ounce mark this week. Unlike gold, silver has not yet broken its all-time high during this bull run — it’s pushing up against uncharted territory, raising questions about how high it can go this time.

On that note, David Morgan of the Morgan Report shared several factors that would tell him the market is reaching a top. Here’s what he said:

‘You want to look at exchange-traded fund flows like the GDX, GDXJ, SIL and SILJ. At the same time, more important than almost anything is trading volume at the stock level. When mid-tier and smaller producers suddenly trade three, four or five times their normal daily volume, and prices are rising, that isn’t random. That’s retail money coming back into the market, and fund buying and probably institutions.

‘One more layer of confirmation is relative to performance. When the mining sector starts to outperform the S&P 500 (INDEXSP:.INX), which it has, and the Nasdaq (INDEXNASDAQ:.IXIC), which it has, it’s a telltale sign that the generalist money, not just the hard money crowd, is beginning to rotate in.’

Bullet briefing — CEO shakeup at Barrick, Newmont

Barrick Mining (TSX:ABX,NYSE:B) and Newmont (NYSE:NEM,ASX:NEM) both announced major executive changes this week, with the CEOs of both companies departing.

Barrick’s Mark Bristow unexpectedly stepped down from his position on Monday (September 29) after nearly seven years at the helm of the firn. His exit, which was effective immediately, comes after big changes at the firm, including a shift toward copper and an asset divestment program designed to hone the company’s focus on tier-one assets.

It also follows persistent issues in Mali, where Barrick lost control of its gold-mining complex and had 3 metric tons of the yellow metal seized by the government.

According to Reuters, Bristow’s handling of that ongoing situation was the final straw that prompted the company’s board to push for a change in leadership.

Newmont announced the retirement of Tom Palmer the same day. He had held the position since 2019, and will be succeeded by the company’s president and COO. Analysts note that Newmont had been signaling that a succession plan was in the works.

Similar to Barrick, the company has been in the midst of an extensive program geared at streamlining its portfolio. Newmont acquired Newcrest Mining in 2023, and in February 2024 announced a program to sell non-core assets. It completed the program in April of this year, but has continued to make portfolio adjustments, and to pursue other cost-saving measures.

Market watchers note that despite efforts to boost efficiency, Barrick and Newmont have both failed to match the performance of their peers during today’s bull market.

Year-on-year share price performance of major gold miners.

Chart via Google Finance.

With gold-mining companies conscious of not repeating missteps made during the precious metal’s last runup, investors will no doubt be keen to see how they perform under new management.

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

This post appeared first on investingnews.com

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Valeura Ranked No. 1 of Canada’s Top Growing Companies

Investing 3 Mins Read

Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) (‘Valeura’ or the ‘Company’) has been ranked No. 1 on the Report on Business magazine’s 2025 ranking of Canada’s Top Growing Companies, as published on September 26, 2025.

Valeura achieved the top position among 400 candidate companies across all sectors, based on three-year revenue growth. The Company’s revenue increased from US$3 million in 2021 to US$689 million in 2024, representing a 20,064% increase. This recognition follows the Company’s No. 8 ranking in 2024, reflecting sustained momentum in value creation and operational execution.

Dr. Sean Guest, President and CEO commented:

‘We are honoured to receive this exceptional recognition from the Report on Business magazine. Achieving the No. 1 position among 400 companies across all industries validates our disciplined approach to creating value through growth.

Since launching our growth strategy in 2020, our team has demonstrated top tier operational and financial performance. At the same time, we have remained highly discerning in selecting which opportunities to pursue. Our revenue growth of 20,064% over three years underscores the fact that our strategy is working.

As we continue to actively pursue organic and inorganic opportunities to create value for all stakeholders, I extend my sincere gratitude to the many individuals who have supported our journey.’

About the Ranking

The Report on Business magazine is published by The Globe And Mail, widely regarded as Canada’s foremost news media company. Their annual editorial ranking of Canada’s Top Growing Companies measures businesses on three-year revenue growth. The complete 2025 ranking is listed here.

About the Company

Valeura is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Türkiye. The Company is pursuing a growth-oriented strategy and intends to re-invest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.

Additional information relating to Valeura is also available on SEDAR+ at www.sedarplus.ca.

For further information, please contact:

Valeura Energy Inc. (General Corporate Enquiries)
+65 6373 6940
Sean Guest, President and CEO
Yacine Ben-Meriem, CFO
Contact@valeuraenergy.com

Valeura Energy Inc. (Investor and Media Enquiries)
+1 403 975 6752 / +44 7392 940495
Robin James Martin, Vice President, Communications and Investor Relations
IR@valeuraenergy.com

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This news release is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

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

Source

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Locksley Resources LimitedAdvances Multiple Antimony and REE Workstreams

Investing 6 Mins Read

Perth, Australia (ABN Newswire) – Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is pleased to provide a market update on activities across the Mojave Critical Minerals Project in California, where the Company is rapidly advancing numerous parallel workstreams.

Highlights

– Plan of Operations approval for upsized drilling program at Desert Antimony Mine (DAM), subject to receipt of bond

– Locksley has secured a drill contractor for El Campo rare earths drilling in Q4 and is in the process of finalising the expanded drill programactivities and timeline at DAM

– Lidar surface and underground survey completed at DAM, providing detailed 3D mapping of adits and stopes to guide drill targeting and mine design

– Underground sampling program planned at DAM to validate historical grades and support resource definition

– Regional exploration advancing across newly acquired claims, extending coverage to over 40 sq km of the Mojave corridor

– Multiple parallel workstreams reinforce Locksley’s fast-track mine-tomarket strategy for U.S. antimony supply

Locksley has received approval from the Bureau of Land Management (BLM) expanding the Plan of Operations for the Desert Antimony Mine, which will become effective upon completion of the bond payment and receipt of a letter from the BLM that the bond has been accepted, this process is underway.

Following the announcement on 15th September, which outlined a significant enlargement of the exploration program at the Desert Antimony Mine (‘DAM’), Locksley has moved quickly to initiate onground activities across the broader Mojave Project.

Exploration Workstreams

– Drilling: Locksley has secured a drilling contractor for the upcoming exploration program planned for Q4 2025. The drilling at the El Campo rare earths project is designed to target the steeply dipping, structurally controlled mineralised horizon in five locations along the interpreted 860m long NW-SE striking El Campo ‘lode’. This lode hosts elevated REE, as delineated from high-grade rock chip sampling conducted during 2023. The first planned drillhole is designed to target the down-plunge El Campo outcrop dipping to the SW.

– LiDAR Surveying – DAM: A comprehensive LiDAR survey of underground adits and stopes has been completed, providing data to inform both program drilling design and future mine planning.

The underground LiDAR survey will expand Locksley’s knowledge of historic antimony production. It will also provide a 3D wireframe model of the historic underground mine, which will assist with future drill targeting aiming to delineate un-mined high-grade antimony mineralisation along strike from the historic stopes. The LiDAR survey team deployed an Elios 3 with the Rev7 LiDAR payload to map the internal spaces of the underground mine, while the team also operate the DJI M350 RTK drone equipped with the L2 LiDAR payload to capture imagery for surface mapping.

The dataset will enable the contractors to accurately integrate and geospatially align all underground scans, ensuring a comprehensive and precise 3D model of the Desert Antimony mine site.

– Underground Sampling – DAM: Systematic sampling of underground workings at DAM will commence in the near term, designed to further evaluate grade continuity and confirm historical production records.

An adit located ~50m to the south-east of the historic Desert Antimony smelter will be used to conduct UG mapping and sampling which will progress Locksley’s understanding of subsurface stibnite bearing quartz-carbonate vein orientation, grade and continuity. Two stopes crosscutting the main orientation of the adit still contain timber beams and ladders that were used for mining during the late 1920’s and 1930’s.

Evidence of sheeted massive to semi-massive stibnite bearing quartz-carbonate veining is observed to be dipping sub-vertically to the west and north-west and run parallel to the orientation of the stopes.

– Broader Exploration Activities:

o Field sampling: Regional reconnaissance and claim wide sampling will commence later this month, extending coverage across the newly acquired tenure and prospective corridors.

o Geophysics: Locksley is currenting reviewing the optimal geophysical methods to evaluate its expanded land position. Technics including airborne magnetic, radiometric surveys, Induced polarization, gravity survey and passive seismic are being evaluated. Airborne geophysics has the potential to provide additional REE anomalies that may be associated with REE-bearing carbonatite intrusions, similar to the Mountain Pass REE deposit.

o Stream sediment and rock chip sampling: Wide-spread regional stream sediment and rock chip sampling are planned across the entire North-western Block, South Block, and areas of the newly expanded North Block using coarse fraction stream sediment sampling methodology. Ongoing mapping coinciding with outcrop rock sampling will also assist in providing potential REE, antimony and base metal geochemical anomalies within the Mojave Project’s land tenure.

Kerrie Matthews, Chief Executive Officer of Locksley Resources, commented:

‘Since commencing as CEO, my focus has been on advancing Mojave through multiple, parallel workstreams. The exploration team is rapidly progressing technical programs, from securing a drill rig to underground sampling and Lidar surveys at the Desert Antimony Mine. With the Plan of Operations now approved pending bond finalisation, we are commencing activities to prepare for the initial drilling at the El Campo REE target. The team and I are extremely focused on our fast-track mine-to-market strategy and it positions Locksley to deliver near-term U.S. antimony supply into critical defense and energy supply chains.’

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Tottenham Project

Locksley’s Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation

Source:
Locksley Resources Limited

Contact:
Locksley Resources Limited
T: +61 8 9481 0389
E: info@locksleyresources.com.au

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Adam Rozencwajg: Gold’s Record Run Not Over Yet, Silver Still Looks Cheap

Investing 1 Min Read

Adam Rozencwajg, managing partner at Goehring & Rozencwajg, discusses the factors driving gold’s current price run and why he thinks it will continue.

‘I think that this rally is sustained. I think that it’s going on until I see otherwise,’ he said.

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

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Gold’s Meteoric Rise: Can the Price Break US$4,000 in 2025?

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Gold’s momentum has price predictions heading upwards of US$4,000 per ounce by the year’s end.

Rising by more than 44 percent since the start of the year, in 2025 the price of gold has hit highs once unthinkable. Aggressive central bank buying, US Federal Reserve rate decisions, ongoing geopolitical conflicts and US trade policy uncertainty have weakened the US dollar and escalated federal debt concerns. The resulting increase in demand for safe-haven assets is pushing investors toward gold, from physical bars to gold exchange-traded funds.

This week, the US government shutdown drove the price of gold even higher, approaching the US$3,900 level as it reached US$3,896.30 early in the morning of Wednesday (October 1) before pulling back.

Let’s take a look at what’s driving the gold price in the final stretch of 2025.

US monetary policy and dollar weakness

Gold traditionally has had an inverse relationship to the dollar, and has benefited greatly this year as the dollar has weakened. Many agree that this trend is set to continue feeding the gold price in the months ahead.

While China has been the focal point of gold buying this year, the World Gold Council’s Joe Cavatoni said western investors looking for risk diversification are helping to drive the latest surge in the gold price.

In his view, the Fed has how begun signaling to investors that economic deterioration — and a possible move into a stagflationary environment — is imminent.

Global conflict stoking central bank buying

Strong central bank buying is another key catalyst for gold’s record price streak.

Although the rate at which the world’s central banks are scooping up the precious metal has slowed somewhat in 2025 compared to the last few years, governments are still set to be net buyers this year.

For a fourth year in a row, Cavatoni sees central banks continuing to buy gold despite higher prices, although he noted that they may make price-sensitive adjustments to buy more strategically. According to the World Gold Council’s latest annual central bank survey, conducted in June, 95 percent of the 73 respondents expect to increase their gold holdings over the next 12 months. At the same time, 73 percent expect to lighten their US dollar reserves.

Countries are building up their strategic reserves of gold as security. Just look at the top two buyers of gold recently: China and Poland. Both are at the center of rapidly escalating geopolitical conflicts.

China has responded to escalating US trade tensions by taking a defensive stance economically, and that has included significantly boosting its gold reserves by 36 metric tons over nine months as of this past July.

Poland is the largest net purchaser of gold this year at 67 metric tons. No doubt, the European nation views the metal as a critical safeguard against escalating hostilities with neighboring Russia.

“Everybody has to build up their gold reserves, because the road that all these countries are on is the road of increasing global stress,” explained Chambers, adding that global leaders understand that “paper is no good when you’re fighting a war.’ This is driving the gold price higher as demand comes up against supply.

“There’s only 3,200 tonnes of it mined every year,” he said, “and the price is only going to go one way.”

Is gold heading to US$4,000 in 2025?

However, both Gareth Soloway of VerifiedInvesting.com, and Steve Barton of In It To Win It said gold is likely to trade sideways and even pull back to as low as US$3,500 before making another go at the US$4,000 target.

So will it get there this year?

Nothing is for certain, but there are a few signals gold investors should watch. The World Gold Council’s Cavatoni said he’s keeping a close eye on what the money markets are doing as interest rates start to move, as well as investor sentiment in western markets, the US in particular.

“Pay attention to how people are responding to that risk and uncertainty that we talked to, and economic conditions that are getting clearer, and I think you’ll find that this case for gold is well supporting the price predictions you’re hearing from analysts in the markets,’ he suggested.

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

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Syntheia Closes Call Center Guys Acquisition

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Syntheia Corp. (CSE: SYAI) (‘Syntheia’ or the ‘Company’) (Syntheia.ai), is pleased to announce that, further to its press release of September 25, 2025, it has completed the previously announced acquisition (the ‘Transaction’) of certain assets of Call Centre Guys Inc. (‘CCG’). As consideration for the Transaction, the Company paid $750,000 cash and issued an aggregate of 10,000,000 common shares of the Company (each a ‘Common Share’) to Imran Butt, the principal of CCG. The Common Shares are subject to a statutory four-month and one day resale restriction and are subject to an 18-month voluntary escrow on a 25% release schedule with the first escrow release on closing of the Transaction and the following three releases every 6 months thereafter. Further, the Company issued a 10% secured promissory note as previously disclosed in the press release of the Company dated September 25, 2025.

‘With the acquisition of the CCG call center assets combined with our conversational AI platform, we expect savings and efficiencies which will significantly increase the customer experience,’ commented Tony Di Benedetto, CEO of Syntheia. ‘We are excited to continue our industry wide roll out across North America deploying our conversational AI platform in call center acquisitions. We look to enhance revenue growth, realize savings, and increase customer satisfaction, while creating consistent accretive shareholder value,’ said Tony Di Benedetto, Chief Executive Officer.

In connection with the Transaction, Imran Butt, the principal of CCG, has joined the board of directors of the Company and has been appointed as President of the Company replacing Richard Buzbuzian as President. Mr. Buzbuzian will continue to serve as a director of the Company and Capital Markets advisor for the Company.

Imran is a senior business executive in the customer experience industry whose career spans over two decades of building, scaling, and transforming contact centers. He launched Matrix 5 Inc. in 2002, and within months became a leading industry partner which later evolved into Voysus Group Inc., serving major communications and media companies among other industries. After successfully exiting Voysus in 2012, Imran founded CCG in 2017, blending people-first values with advanced technology to deliver solutions supporting international organizations including major telecommunications companies, cosmetic brands, tech services firms, IT service providers and a Big Four accounting firm.

‘With over 20+ years in the call center space, I look forward to bringing my operational experience and industry contacts to my new role as President of Syntheia Corp. We have a significant opportunity in the call center market enhance the customer experience with AI, which Syntheia has now developed. It is a very exciting time at Syntheia!’ commented Imran Butt, President Syntheia Corp.

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/268810

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