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15 Canadian Crypto ETFs in 2025

Investing 8 Mins Read

While directly holding cryptocurrencies like Bitcoin and Ethereum is a popular option, investors looking for alternatives are clamoring for financial products such as crypto exchange-traded funds (ETFs).

Canada first launched Bitcoin and Ethereum ETFs in 2021. These Canadian Bitcoin and Ethereum ETFs allow investors to place returns in tax-sheltered accounts like tax-free savings accounts or registered retirement savings plans.

“There is a high demand for a Bitcoin product that has all the features that people love about ETFs — that they trade on an exchange, that they’re liquid,” Ross Mayfield, investment strategy analyst at Robert W. Baird & Co., told Bloomberg in mid-2021.

Interest has only increased since then. In the US, Bitcoin ETFs’ net assets surpassed US$100 billion in November 2024, gaining ground on US gold ETFs. Sean Farrell, head of digital asset strategy at Fundstrat, wrote in mid-2023 that the Bitcoin ETF category at large has the potential to surpass the precious metals ETF market in terms of asset value.

‘Bitcoin ETF eventually could become >$300 billion category,’ he said in the note.

Ethereum ETFs have also become a major talking point. Ethereum is the most widely used blockchain technology, and Ether, the digital currency of this platform, is the second largest cryptocurrency after Bitcoin.

In Q2 2025, Canadian ETF firms officially launched North America’s first Solana and XRP spot ETFs, offering investors exposure to the significant altcoins. The launch of XRP ETFs by Canadian firms comes amid increased clarity regarding XRP’s regulatory status in the US.

With that in mind, it’s worth taking a look at the currently available Canadian cryptocurrency ETFs.

The list below includes the biggest 15 crypto ETFs available on the Canadian market sorted by assets under management, and all data presented is current as of September 16, 2025.

1. Fidelity Advantage Bitcoin ETF (TSX:FBTC)

Assets under management: C$1.48 billion

The Fidelity Advantage Bitcoin ETF launched in November 2021. It offers the security of Fidelity’s in-house cold storage services for its holdings.

While it previously had a management fee of 0.39 percent, the Fidelity Advantage Bitcoin ETF lowered it in January 2025 to an ultra-low management fee of 0.32 percent.

2. CI Galaxy Bitcoin ETF (TSX:BTCX.B)

Assets under management: C$1.40 billion

Launched in March 2021, the CI Galaxy Bitcoin ETF was born out of a partnership between cryptocurrency leaders Galaxy Fund Management and CI Global Asset Management. Galaxy Fund Management is part of Galaxy Digital, a diversified financial services firm with a focus on digital assets and the blockchain technology sector.

The ETF’s objective is to give investors exposure to Bitcoin via an institutional-quality fund platform, as its holdings are wholly Bitcoin and are kept in cold storage. At 0.4 percent, this fund is another with one of the lowest management fees of the crypto funds on the market.

3. Purpose Bitcoin ETF (TSX:BTCC)

Assets under management: C$1.04 billion

Billed as the world’s first physically settled Bitcoin ETF, the Purpose Bitcoin ETF launched in February 2021 and is backed by Bitcoin in cold storage. This means the fund allows investors to add and sell Bitcoin with no digital wallet required.

Hosted by Canadian investment company Purpose Investments, the Purpose Bitcoin ETF has a management expense ratio of 1.5 percent.

4. CI Galaxy Ethereum ETF (TSX:ETHX.U)

Assets under management: C$805.65 million

The CI Galaxy Ethereum ETF, another collaboration between CI and Galaxy, offers investors exposure to the spot Ethereum price through Ether holdings in cold storage. The fund launched on April 20, 2021, the same day as two of the other Ether ETFs on this list.

The CI Galaxy Ethereum ETF has a low management fee of just 0.4 percent.

5. 3iQ Solana Staking ETF (TSX:SOLQ)

Assets under management: C$353.67 million

The 3iQ Solana Staking ETF is designed to provide investors with a user-friendly and secure way to gain exposure to SOL and earn passive rewards through staking. Its launch quickly garnered significant assets under management and attracted investments from SkyBridge Capital and two of ARK Invest’s ETFs.

For the first 12 months after its April 16, 2025, launch, the ETF features a 0 percent management fee. After this initial period, the management fee will be 0.15 percent.

6. Evolve Bitcoin ETF (TSX:EBIT)

Assets under management: C$261.36 million

Evolve ETFs partnered with cryptocurrency experts, including Gemini Trust Company, CF Benchmarks, Cidel Bank & Trust and CIBC Mellon Global Services, to launch the Evolve Bitcoin ETF. The fund, which holds its own Bitcoin, has a management fee of 0.75 percent.

Launched a week after the Purpose Bitcoin ETF, its holdings of Bitcoin are priced based on the CME CF Bitcoin Reference Rate, a once-a-day benchmark index price for Bitcoin denominated in US dollars.

7. Purpose Ether ETF (TSX:ETHH)

Assets under management: C$253.94 million

The Purpose Ether ETF is a direct-custody Ether ETF that launched on April 20, 2021. This fund currently holds over 87,000 Ether, which it stores in cold storage.

The Purpose Ether ETF offers investors exposure to the daily price movements of physically settled Ether tokens with a management fee of 1 percent.

8. 3iQ XRP ETF (TSX:XRPQ)

Assets under management: C$175.27 million

The 3iQ XRP ETF provides investors with exposure to XRP, the digital asset native to the XRP Ledger. The ETF, which launched on June 17, 2025, is passively managed and aims to track the performance of the CME CF XRP-Dollar Reference Rate. The underlying XRP is held in secure cold storage.

The fund’s primary objectives are to give unitholders an opportunity for long-term capital appreciation through exposure to XRP and its daily price movements against the US dollar. This XRP ETF has a 0 percent management fee for its first six months, after which time it will change to 0.59 percent.

9. Purpose Bitcoin Yield ETF (TSX:BTCY)

Assets under management: C$124.85 million

The Purpose Bitcoin Yield ETF uses a covered call strategy to generate yield for investors, which involves writing call options on Bitcoin. Call options give the buyer an option to purchase an asset at a specific price on or before a specific date.

Its structure allows the fund to earn income from option premiums while providing investors with exposure to Bitcoin’s price movements. Its distributions are paid monthly and has a management fee of 1.1 percent.

10. Evolve Ether ETF (TSX:ETHR)

Assets under management: C$107.32 million

The Evolve Ether ETF offers investors an easier route to investing in Ether. The fund’s holdings of Ether are priced based on the CME CF Ether-Dollar Reference Rate, a once-a-day benchmark index price for Ether denominated in US dollars.

As with the Evolve Bitcoin ETF, the Evolve Ether ETF has a management fee of 0.75 percent.

11. Fidelity Advantage Ether ETF (TSX:FETH)

Assets under management: C$101.38 million

Following the successful launch of its Bitcoin fund, Fidelity brought its Advantage Ether ETF to market in September 2022, making this the newest Ether ETF in Canada. Its holdings are stored in Fidelity’s in-house cold storage.

The Fidelity Advantage Ether ETF has a low management fee of 0.4 percent.

12. Purpose Ether Yield ETF (TSX:ETHY)

Assets under management: C$89 million

Like the Purpose Bitcoin Yield ETF, the Purpose Ether Yield ETF offers investors an opportunity to invest in Ether while also generating yield. Purpose Investments lends a portion of its Ether holdings to institutional borrowers and earns interest on those loans.

Investors who purchase shares of this ETF receive a portion of the interest earned in monthly distributions. Like Purpose’s Bitcoin Yield ETF, its management fee is 1.1 percent.

13. Purpose XRP ETF (TSX:XRPP)

Assets under management: C$82.27 million

The Purpose XRP ETF started trading on the Toronto Stock Exchange on June 18, 2025, as part of the launch of Canada’s first XRP ETFs. The fund invests directly in XRP, offering investors access to the XRP spot price.

The new asset is offering a 0 percent management fee through February 2026, after which time it will have a management fee of 0.69 percent.

14. Evolve Cryptocurrencies ETF (TSX:ETC)

Assets under management: C$78.95 million

The Evolve Cryptocurrencies ETF launched in September 2021 as the first multi-cryptocurrency ETF, providing combined exposure to both Bitcoin and Ether. Its holdings have since expanded to include XRP and Solana.

This product from Evolve ETFs allows investors to diversify their crypto portfolios and provides indirect exposure to the four coins, weighing them by market capitalization and rebalancing its holdings on a monthly basis. Bitcoin makes up the majority of its portfolio.

While this ETF has no management fee, the underlying funds that hold both Bitcoin and Ether have management fees of 0.75 percent plus applicable taxes.

15. Purpose Solana ETF (TSX:SOLL)

Assets under management: C$53.96 million

The Purpose Solana ETF gives investors exposure to the price of the Solana cryptocurrency. Its purpose is to provide a regulated and convenient way for investors to participate in the Solana market without the complexities of directly buying and storing the digital asset.

A key feature of this specific ETF is that it was one of the world’s first with staking built right in. It has a low management fee of 0.39 percent.

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

This post appeared first on investingnews.com

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Charbone Hydrogene annonce des debentures convertibles de remplacement de 2M$

Investing 4 Mins Read

(TheNewswire)

Brossard (Québec), le 18 septembre 2025 – TheNewswire – CORPORATION CHARBONE HYDROGÈNE (TSXV: CH,OTC:CHHYF , OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), une compagnie spécialisée dans la production et la distribution d’hydrogène vert, est heureuse d’annoncer la signature de débentures convertibles de remplacement d’un montant de 2 050 000 $ (l’ « Débentures de remplacement » ) en modifiant certaines modalités des débentures convertibles garanties de la Société (chacune, une « Débenture ») que la Société avait émises dans le cadre du placement privé de débentures d’un montant en principal total de 1 746 366 $ de débentures convertibles garanties à 12 %.

Avant l’entrée en vigueur des débentures de remplacement le 30 septembre 2025, les débentures étaient convertibles en actions ordinaires de Charbone (chacune, une « Action de Débenture »), à un prix de conversion par action de 0.10$, jusqu’à l’échéance.

En vertu des nouvelles Débentures de remplacement :

  • La date d’échéance a été prolongée des 30 septembre et 31 octobre 2025 au 30 septembre 2026 ;

  • Le solde convertible, passe de 1,7 millions de dollars à 2,1 millions de dollars au même taux annuel de 12 %, payable mensuellement ; et

  • Le prix de conversion des débentures passe de 0,10$ par action à 0,07$ par action

Les nouvelles Débentures de remplacement seront assujetties à l’approbation de la Bourse de croissance TSX.

‘ Ces changements annoncés aujourd’hui aux débentures existantes offrent une nouvelle flexibilité de financement à Charbone en prolongeant considérablement les échéances et nous fournissent un financement supplémentaire pour compléter et exécuter l’acquisition de l’équipement opérationnel de production et de ravitaillement en hydrogène, annoncée le 5 septembre 2025 , a déclaré Benoit Veilleux, Chef de la direction financière et secrétaire corporatif de Charbone. ‘ À mesure que nous gagnons en élan, nous travaillons continuellement à optimiser notre structure de capital et à faire progresser nos avantages de pionnier ainsi que les intérêts de nos actionnaires . ‘

À propos de Charbone Hydrogène Corporation

Charbone est une entreprise intégrée spécialisée dans l’hydrogène ultrapur (UHP) et la distribution stratégique de gaz industriels en Amérique du Nord et en Asie-Pacifique. Elle développe un réseau modulaire de production d’hydrogène vert tout en s’associant à des partenaires de l’industrie pour offrir de l’hélium et d’autres gaz spécialisés sans avoir à construire de nouvelles usines coûteuses. Cette stratégie disciplinée diversifie les revenus, réduit les risques et augmente sa flexibilité. Le groupe Charbone est coté en bourse en Amérique du Nord et en Europe sur la bourse de croissance TSX (TSXV: CH,OTC:CHHYF); sur les marchés OTC (OTCQB: CHHYF); et à la Bourse de Francfort (FSE: K47). Pour plus d’informations, visiter www.charbone.com .

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l’inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l’adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

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

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

Pour contacter Corporation Charbone Hydrogène :

Téléphone bureau: +1 450 678 7171

Courriel: ir@charbone.com

Benoit Veilleux

Chef de la direction financière et secrétaire corporatif

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

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Silver Hammer Closes CDN$1,809,000 Fully Subscribed Non-Brokered Private Placement of Units

Investing 9 Mins Read

Silver Hammer Mining Corp. (CSE: HAMR) (the ‘Company‘ or ‘Silver Hammer‘) is pleased to announce that, further to its news releases dated June 17, 2025 and August 5, 2025, it has closed the second and final tranche (the ‘Second Tranche‘) of its previously announced non-brokered private placement (the ‘Offering‘), issuing 26,864,491 units (the ‘Units‘) at a price of CDN$0.055 per Unit for gross proceeds of CDN$1,477,547.01. Together with the first tranche of the Offering, the Company has issued an aggregate of 32,890,909 Units and raised total gross proceeds of CDN$1,809,000 under the Offering.

‘The Company is pleased to be fully subscribed and close over CDN$1.8 million, and I am excited to continue to be a large shareholder in the Company by subscribing once again alongside our existing and new shareholders. We have had significant interest in the private placement, well above the funds raised, and truly appreciate the support in the market,’ commented Peter A. Ball, President & CEO. ‘It will be an exciting period going forward for the Company in this robust silver market, which is approaching $43 per ounce, and showing potential for additional upside in the sector for 2026 and beyond. The Company is positioned extremely well with the ability to explore its seven historical high-grade drill-ready silver mines in Idaho and Nevada within our three 100% owned silver projects, with no royalties, or cumbersome earn-in exploration agreements, or future payments required. It was a tough past twelve months, but the market is back and so is Silver Hammer!’

Each Unit consists of one common share in the capital of the Company (a ‘Share‘) and one transferable common share purchase warrant (a ‘Warrant‘). Each Warrant entitles the holder to acquire one additional Share at an exercise price of CDN$0.07 for a period of five years from the date of issuance.

The Second Tranche was completed in reliance on prospectus exemptions under National Instrument 45-106 – Prospectus Exemptions (‘NI 45-106‘), and, for greater certainty, did not include any portion completed under the listed issuer financing exemption set out in Part 5A of NI 45-106. All securities issued in connection with the Second Tranche are subject to a statutory hold period of four months, expiring on January 19, 2026, in accordance with applicable securities laws.

In connection with the Second Tranche, the Company paid finder’s fees consisting of CDN$44,679.40 in cash and issued 1,012,353 finder’s warrants (the ‘Finder’s Warrants‘) to eligible finders. Each Finder’s Warrant is exercisable to acquire one Share at an exercise price of CDN$0.07 for a period of 60 months from the date of issuance.

Certain directors and officers of the Company have purchased an aggregate of 2,952,310 Units under the Second Tranche. Their participation constituted a ‘related party transaction’ within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities issued to insiders nor the consideration paid exceeded 25% of the Company’s market capitalization.

The Company intends to use the proceeds from the Offering for exploration of its Silver Strand project in Idaho and its Eliza and Silverton projects in Nevada (see below), as well as for general working capital and corporate purposes.

Projects Overview:

Silverton Project, Nevada

Silver Hammer has identified several targets at its 100% owned Silverton Project in Nevada and currently has 13 drill targets identified. The Company’s technical team is currently ranking and prioritizing targets at Silverton with a view towards completing a Phase I drill program in the fall of 2025. Previous exploration work, including rock and soil sampling, geologic mapping and satellite imagery, provided evidence of two separate mineralized systems: silver rich and gold rich. The volcanic-hosted gold system highlighted grades ranging from 0.06 grams per tonne (‘g/t’) to 6.1 g/t gold (‘Au’). The silver dominated mineral system is hosted by silicified limestone with grades ranging from 0.32 g/t silver (‘Ag’) to 692 g/t Ag.

Silver Strand Project, Idaho

The Company plans to follow up on previous exploration results at its 100% owned Silver Strand Project in Idaho by executing an eight (8) hole exploration drill program via its Plan of Operations Permit, which was previously approved. The majority of surface samples collected across the property have returned gold and silver mineralization, and historical and recent drilling completed by Silver Hammer in 2021 and 2022, and by previous operators in 2002, highlight high-grade silver and gold mineralization below the lowest level (90 metres) of the mine. In addition, the Company has recently been approached by a local operator to review the project and to potentially mine the Silver Strand Mine for feed for their milling operation through a small miner exemption previously granted.

Highlighted historical drill results and drill results completed by Silver Hammer (2021/2022) (refer to the Company’s website for detailed disclosure):

Drill Hole # Au Grade (g/t) Ag Grade (g/t) Length (m)
DDH02-001: 9.76 24.50 2.20
DDH02-003: 10.20 199.06 3.30
DDH02-004: 10.90 522.00 1.50
SS21-003: 1.13 89.76 4.57
SS21-004: 5.17 18.07 1.24
SS21-005: 5.80 13.00 1.80
SS21-006: 1.29 80.85 7.93
SS21-007: 4.12 130.00 1.53
SS22-017: 2.90 Not Sig. 8.40
SS22-015: Not Sig. 613.00 0.50
SS22-018: 0.67 212.00 1.50
SS22-011: 2.00 115.00 0.70

*All reported intervals are downhole core lengths. Estimated true thickness’ range from 50% to 90% depending on the angle of the drillholes. Drill holes DDH02-001, DDH02-003 and DDH02-004 were drilled by previous owner, New Jersey Mining Company in 2002.

Eliza Project, Nevada

The Company plans to follow up on the significant previous exploration results at its 100% owned Eliza Project in Nevada. Results from rock chip and grab samples (from 2021 and 2022) confirmed the existence of a well-developed silver-rich mineral system, which also showed elevated enrichments in copper (Cu), lead (Pb) and zinc (Zn):

Sample ID No. Ag (g/t) Cu (%) Zn (%) Pb (%)
EZR007 1540 6.88 7.38 Not Sig.
EZR008 1410 5.40 2.60 9.05
PN662703 1290 Not Sig. Not Sig. Not Sig.
PN662717 1180 7.70 13.4 11.00
PN614025 450 4.89 15.00 9.04

The Company is currently fast tracking a property-wide Plan of Operations to submit to the USFS to ensure the project can be fully explored and advanced to a drill ready state on USFS ground, while also prioritizing exploration efforts for a 2026 drill program on patented ground within the Eliza Project area that encompasses the high-grade past-producing California Mine. The Company has completed a property-wide geophysical study, and ground truthing, including geologic mapping and structural analysis, to assist in finalizing the drill targets focused on the silver-rich mineral system mentioned above.

Qualified Person

Technical aspects of this press release have been reviewed and approved under the supervision of Philip Mulholland, P.Geo. Mr. Mulholland is a Qualified Person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Technical aspects above were also previously reported in a news release dated March 27, 2023. Please refer to the Company’s website at www.silverhammermining.com.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company focused on advancing past-producing high-grade silver projects in the United States. Silver Hammer controls 100% of seven previously producing silver mines which are located within the Silver Strand Project in the Coeur d’Alene Mining District in Idaho, USA, and within the Eliza Silver Project and the Silverton Silver Mine in Nevada. The Company also controls the Lacy Gold Project in British Columbia, Canada. Silver Hammer’s primary focus is to explore, define and develop silver projects near past-producing mines that have not been adequately tested. The Company’s portfolio also provides exposure to copper and gold.

On Behalf of the Board of Silver Hammer Mining Corp.

Peter A. Ball
President & CEO, Director
E: peter@silverhammermining.com

For investor relations inquiries, contact:

Peter A. Ball
President & CEO
778.344.4653
E: investors@silverhammermining.com

Forward-Looking Information

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information in this press release includes, without limitation, statements relating to the Offering, the intended use of proceeds from the Offering, and other statements which are subject to a number of conditions, as described elsewhere in this news release. These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks regarding the mining industry, commodity prices, market conditions, general economic factors, management’s ability to manage and to operate the business, and explore and develop the projects of the Company, and the equity markets generally. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance of the Company may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

Not for distribution to the U.S. newswire or for dissemination in the United States


Source

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CHARBONE Hydrogen Announces $2M Convertible Debentures Replacement

Investing 4 Mins Read

(TheNewswire)

Brossard, Quebec, September 18, 2025 TheNewswire Charbone Hydrogen Corporation (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE ‘) a company focused on green hydrogen production and distribution is pleased to announce the signature of Replacement Debentures of an amount of $2,050,000 (the ‘Replacement Debenture’ ) by amending certain terms of the secured convertible debentures of the Company (each, a ‘Debenture’ ) that the Company issued in connection with the private placement of debentures of an aggregate principal amount of $1,746,366 of 12% secured convertible debentures.

Before the Replacement Debenture took effect as of September 30, 2025, the Debentures were convertible into common shares of CHARBONE (each, a ‘Debenture Share’ ) at a conversion price of $0.10 per share until maturity.

Under the new Replacement Debenture:

  • The maturity date has been extended from September 30 and October 31, 2025 to September 30, 2026;

  • The convertible balance moves from $1.7 million to $2.1 million with the same annual rate of 12%, payable monthly, and

  • The conversion price of the Debentures moves from $0.10 per Debenture Share to $0.07 per Debenture Share

The new Replacement Debenture will be subject to the approval of the TSX Venture Exchange.

‘ These changes announce today to the existing debentures is providing a new financing flexibility to Charbone by extending significantly the maturities and provide us with additional financing to complete and execute the acquisition of the operational hydrogen production and refueling equipment, announced on September 5, 2025, ‘ said Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE . ‘ As we gain momentum, we are continuously working towards optimizing our capital structure and advance our first-mover advantages as well as our shareholder interests .’

About Charbone Hydrogen CORPORATION

CHARBONE is an integrated company specialized in Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and the Asia-Pacific region. It is developing a modular network of green hydrogen production while partnering with industry players to supply helium and other specialty gases without the need to build costly new plants. This disciplined strategy diversifies revenue streams, reduces risks, and increases flexibility. The CHARBONE group is publicly listed in North America and Europe on the TSX Venture Exchange (TSXV: CH,OTC:CHHYF), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, visit www.charbone.com .

Forward-Looking Statements

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

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

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

Contact Charbone Hydrogen Corporation

Telephone: +1 450 678 7171

Email: ir@charbone.com

Benoit Veilleux

CFO and Corporate Secretary

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Crypto Market Update: Fed Cuts Rates, Bitcoin Price Reacts

Investing 8 Mins Read

Here’s a quick recap of the crypto landscape for Wednesday (September 17) as of 9:00 p.m. UTC.

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

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$115,680, a one percent decrease in 24 hours. Its lowest valuation of the day was US$114,940, and its highest was US$116,225.

Bitcoin price performance, September 17, 2025.

Chart via TradingView.

The crypto markets showed immediate volatility following today’s US Federal Reserve interest rate decision, which was a widely anticipated 25 basis points, lowering the target range to 4 to 4.25 percent.

Bitcoin initially rose slightly above US$116,000, but then dropped below US$115,000 as traders digested Fed Chair Jerome Powell’s remarks. He noted that inflation risks are currently tilted to the upside, while employment risks are to the downside, posing a challenging situation for policy balance.

Ether (ETH) hovered near US$4,500, showing some cautious optimism against the macro backdrop. It was priced at US$4,519.07 at the closing bell, its highest valuation of the day and an increase of 0.6 percent over the past 24 hours. Its lowest valuation on Wednesday was US$4440.

Crypto derivatives analytics and market indicators

Total BTC Futures Open Interest was at 727.55K BTC, equivalent to US$84.19 billion, up by 1.15 percent over four hours and 0.04 percent over 24 hours. The perpetual funding rate for BTC was at 0.0057 percent, while the ETH funding rate stood at 0.0041 percent, indicating bullish market sentiment.

Liquidations reached US$143.67 million over the past four hours, with long positions representing the majority, signaling strong selling pressure that could push prices down.

BTC dominance stands at 55.8 percent.

ETF data

Institutional Bitcoin demand is now outpacing new issuance. Bitwise data shows that US spot Bitcoin exchange-traded fund (ETF) inflows far exceed new Bitcoin supply. Monday’s (September 15) Bitcoin ETF inflows were about US$260 million versus ETH’s US$360 million, followed by an uptick to US$292 million on Tuesday (September 16).

This seven day inflow streak (US$2.9 billion) is the largest since July, pushing total Bitcoin ETF assets to US$151.7 billion, or around 6.6 percent of Bitcoin’s market cap. Data shows that 97 percent of this surge came from US spot funds, pushing their combined holdings to a record 1.32 million BTC.

Fear and Greed Index snapshot

Sentiment gauges have cooled from recent highs.

CMC’s Crypto Fear & Greed Index currently stands around 51 (neutral), down from “greed” levels last week.

The neutral reading, which is up only slightly from 49 last week, shows that while neither bullish nor bearish sentiments are dominant, investors are still cautiously optimistic buoyed by ETF inflows and Fed hopes of favorable interest rates.

CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.

Chart via CoinMarketCap.

Altcoin price update

Altcoins continued to show strength midweek, with many outperforming Bitcoin.
  • Solana (SOL) was priced at US$238.66, an increase of 0.4 percent over the last 24 hours and its highest valuation of the day. Its lowest valuation on Wednesday was US$232.78.
  • XRP was trading for US$3.04, down by 0.4 percent in the past 24 hours. Its lowest valuation of the day was US$2.99, and its highest value was US$3.06.
  • SUI (Sui) was valued at US$3.68, trading at its highest valuation of the day and up by 1.3 percent over the past 24 hours. Its lowest price point today was US$3.54.
  • Cardano (ADA) was priced at US$0.8832, up by 1.3 percent over 24 hours to its highest value of the day. Its lowest valuation was US$0.8634.

Today’s crypto news to know

Bitcoin ETF inflows surge to highest level since July

Bitcoin exchange-traded products drew their largest weekly inflows since late July, according to K33 Research, as institutional investors piled back into the market.

Net inflows totaled 20,685 BTC, pushing US spot ETFs’ combined holdings to a record 1.32 million BTC.

Analysts say the fresh demand is outpacing new supply nearly nine times over, creating strong upward pressure on prices. Bitwise notes that this reallocation is coming at the expense of Ethereum, with capital flowing back into Bitcoin after months of mixed positioning. ETF inflows have become a critical driver of performance, with Bitwise data showing an unprecedented correlation between flows and price action.

With more than 22,000 BTC accumulated via funds in the last month, compared with just 14,000 newly mined, analysts see this as a bullish signal for the final quarter of the year.

Forward Industries files for US$4 billion ATM equity offering

Forward Industries (NASDAQ:FORD), a prominent Solana treasury company, has filed with the US Securities and Exchange Commission (SEC) to establish an at-the-market (ATM) equity offering program.

This initiative, announced on Wednesday, will be facilitated by Cantor Fitzgerald and will enable the company to incrementally sell up to US$4 billion of its common stock on the open market.

The company said it plans to use the net proceeds for general corporate purposes, including working capital, its Solana token strategy and acquiring income-generating assets.

Chairman of the Board, Kyle Samani, stated this offering provides a flexible mechanism to deploy capital for its Solana treasury strategy, scale its position, which already has over 6.8 million SOL purchased, strengthen its balance sheet and pursue growth initiatives.

Google, Coinbase partner for stablecoin payments in AI protocol

Google (NASDAQ:GOOGL) and Coinbase Global (NASDAQ:COIN) have joined forces to integrate stablecoin payments into AP2, a new open-source artificial intelligence (AI) payments protocol.

Developed in close collaboration with Coinbase, Google’s AP2 enables AI applications and agents to autonomously send and receive payments using both traditional methods and stablecoins. The AP2 system aims to establish a universal, secure, compliant, and flexible payment language for both legacy financial rails and emerging digital assets.

Ultimately, this will enable AI agents to conduct financial transactions in applications like personal shopping or financial advising, without human intervention, a significant step toward an AI economy powered by digital payments.

The initiative extends beyond Google and Coinbase, including the Ethereum Foundation and over 60 other companies from both the crypto and traditional finance sectors, such as Salesforce (NYSE:CRM), American Express (NYSE:AXP) and Etsy.

This partnership ensures the payment infrastructure supports stablecoins and integrates with Coinbase’s existing AI-driven crypto payment system, positioning Coinbase centrally in Google’s efforts to merge AI with digital money, capitalizing on the growing adoption and interest in stablecoins.

Bullish secures New York BitLicense

Bullish has secured a BitLicense from the New York State Department of Financial Services, a key regulatory approval allowing the company’s US entity to legally provide cryptocurrency spot trading and custody services to institutional clients and advanced traders in New York State. This regulatory milestone in New York, a major financial hub, is critical for Bullish’s full-scale launch and expansion in the US market. The company is one of a handful of crypto firms licensed under this rigorous state framework, joining firms like Gemini and Paxos.

The BitLicense will enable Bullish to offer regulated, institutional-grade digital asset services in New York, increasing access for hedge funds, asset managers, banks, and other institutional players.

CEO Tom Farley emphasized the company’s commitment to regulatory compliance and building trusted infrastructure. President Chris Tyrer highlighted that clear regulation drives responsible market evolution and institutional engagement.

Metaplanet expands to US with new Bitcoin income unit

Metaplanet (TSE:3350,OTCQX:MTPLF) has established a Miami-based subsidiary to oversee its Bitcoin income generation business, following the close of a US$1.44 billion global equity sale earlier this month.

The new arm, Metaplanet Income, received an initial US$15 million capital injection and will focus on derivatives trading and related yield strategies separate from the company’s core treasury holdings.

Upsized from an original plan of 180 million shares to 385 million due to strong demand, the offering raised ¥212.9 billion in gross proceeds. Funds are earmarked for further Bitcoin purchases through October as well as expansion of income products that have generated steady revenue since late 2024. Management says the new US subsidiary will not materially affect 2025 earnings but strengthens its long-term operational footprint.

Saudi Arabia doubles down on digital payments with Google and Ant

Saudi Arabia is accelerating its financial technology ambitions through new partnerships with Google Pay and Ant International, its central bank confirmed at the Money20/20 conference in Riyadh. Google Pay will now integrate with the country’s mada network, allowing cardholders to manage payments through Google Wallet.

Meanwhile, a collaboration with Ant International aims to enable cross-border QR code payments linking mada with Alipay+ by 2026. The push is expected to benefit small and mid-sized merchants.

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

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

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Successful Heavily Supported Placement to Raise $25.1 Million

Investing 3 Mins Read

Resolution Minerals Ltd (RML or Company) (ASX: RML) is pleased to announce it has received firm commitments for a placement of fully paid ordinary shares in the Company (Shares) to sophisticated investors to raise a total of $25.1 million (before costs) at an issue price of $ 0.05 per Share (Placement).

Highlights

  • Commitments received for a successful placement of $25.1 million at $0.05 per share
  • Placement supported by a range of high net worth and global institutions including John Hancock’s Family Office, Astrotricha Capital SEZC and S3 Consortium (Stocks Digital), as well as director participation of $200,000
  • The placement has institutionalised the Company’s register, including $7.75m cornerstoned by high-calibre, supportive and value-add local and international investor groups
  • RML’s medium term work programs and working capital requirements are now fully funded
  • RML balance sheet strengthened ahead of the proposed NASDAQ listing
  • RML is aiming to become a major player in the US critical minerals space and is aiming to meet the needs of the current White House Administration’s and the Department of War’s critical mineral US national security supply requirements

Of the total $25.1 million placement funds, $18,400,000 (Tranche 1) will be settled on or around 26 September 2025, and the remaining $6,700,000 (Tranche 2) (total of $25.1 million) is anticipated to settle within approximately 60 days, and following the next shareholder meeting.

Subject to receipt of shareholder approval in a general meeting (anticipated mid November 2025), participants in the Placement will also be issued one (1) option for every two (2) Shares issued under the Placement, for no additional consideration. The Options will have an exercise price of $0.10 per Share and expire on 30 November 2029 – key terms included in this announcement (Option). The Options will be listed, subject to ASX listing requirements being met.

The Placement will be conducted via two (2) tranches, as follows:

(a) Tranche 1: 422,000,000 Shares as follows:

(i) 150,000,000 Shares will be issued under the Company’s existing pre-approved placement capacity that was approved by shareholders at the general meeting held on 25 July 2025; and

(ii) 272,000,000 Shares will otherwise be issued under the Company’s Listing Rule 7.1 & 7.1A capacity (146,542,986 Shares under Listing Rule 7.1 and 125,457,014 Shares under Listing Rule 7.1A); and

(b) Tranche 2: subject to shareholder approval under Listing Rule 7.1, via the issue of 80,000,000 Shares and up to 251,000,000 attaching Options (subject to rounding).

Click here for the full ASX Release

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Gold Price Breaks US$3,700, Then Falls as Fed Cuts Rates

Investing 3 Mins Read

The US Federal Reserve held its sixth meeting of 2025 from Tuesday (September 16) to Wednesday (September 17) amid slowing growth in the country’s jobs market.

The central bank met analysts’ expectations by lowering the federal funds rate by 25 basis points to the 4 to 4.25 percent range. It marks the first cut of 2025, after holding at the 4.25 to 4.5 percent range since December 2024.

Despite August consumer price index (CPI) data showing inflation rose to 2.9 percent from 2.7 percent in July, a weakening labor market became the focus of the Fed’s dual mandate of stable prices and maximum employment.

“The case for a persistent inflation outbreak is less, and that’s why we think it’s time for us to acknowledge the risks to the other mandate have grown, and we should move in the direction of neutral,” said Chair Jerome Powell.

The most recent US jobs report indicates that August brought an increase of just 22,000 new workers, while the unemployment rate ticked up to 4.3 percent from 4.2 percent in July. Additionally, the Bureau of Labor Statistics, which produced the report, announced a downward revision to June’s figures, showing a loss of 13,000 jobs.

Similarly, July’s report, released on August 1, marked a significant weakening in the labor force, bringing the three month average to just 28,000 new jobs after growth of 192,000 in the February to April period.

Following that report, US President Donald Trump fired the head of the Bureau of Labor Statistics, suggesting the jobs data was “rigged” to make his administration look bad. Both the slowing American labor market and rising inflation over the past few months have been blamed on the effects of Trump’s tariffs trickling into the economy.

Trump has been critical of the Fed and Powell in particular, saying they haven’t moved quickly enough to lower rates.

While he is unable to remove Powell, in August Trump attempted to fire Fed Governor Lisa Cook over alleged mortgage fraud stemming from mortgage applications where she listed two homes as principal residences. Recent documents have shown those allegations to be false, and that Cook listed one of the homes as a vacation property.

On Monday (September 15), an appeals court blocked Cook’s removal from the Fed’s Board of Governors, allowing her to participate in this week’s meeting. Also this week, the Senate confirmed Stephen Miran to the board in a 48 to 47 decision along party lines. He will be replacing Adriana Kugler, who resigned in August.

Miran is on leave from his position at the White House’s Council of Economic Advisers and increases Trump’s influence over the seven member board. The nomination process for a new board member usually lasts months, but Miran’s appointment took just six weeks, allowing him to participate in this week’s meeting.

The gold price rose to a record high of US$3,707.34 per ounce shortly after the decision, but quickly fell back to the US$3,650 level. Silver spiked as high as US$42.24 per ounce following the meeting, still trading near 14 year highs.

Equities were mixed on Wednesday, with the S&P 500 (INDEXSP:INX) losing 0.31 percent to reach 6,586. Meanwhile, the Nasdaq-100 (INDEXNASDAQ:NDX) shed 1.03 percent to come in at 24,036, and the Dow Jones Industrial Average (INDEXDJX:DJI) gained 0.5 percent, coming to 45,084.

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

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How to Invest in Vanadium Stocks

Investing 7 Mins Read

Vanadium is an important metal for both the steel and battery manufacturing industries.

Both of these sectors play key roles in economic growth and a new era in defense and energy security. Supply and demand fundamentals for the metal indicate a strong long-term outlook for the vanadium market.

Many investors believe the vanadium industry is compelling and are interested in getting involved in this evolving market. Read on for a brief overview of the metal, from supply and demand to how to invest in this exciting industrial and battery metal.

In this article

    What is vanadium?

    Named after Vanadis, the Norse god of beauty, vanadium is a silvery-gray transition metal that was discovered in 1801.

    Vanadium occurs in about 65 different minerals, and is mined as a by-product of other metals, usually uranium. It is also found in deposits of phosphate rock, titaniferous magnetite, uraniferous sandstone and siltstone. Aside from that, it is present in bauxite and in carboniferous materials such as crude oil, coal, oil shale and tar sands.

    Vanadium demand trends

    Vanadium applications have grown in recent years, contributing to price growth. The vast majority of vanadium is used as an additive in the steel industry to make a high-strength product that is lighter, stronger and more resistant to shock and corrosion.

    Vanadium content of less than 0.1 percent is needed to double the strength of steel, and although other metals — including manganese, molybdenum, niobium, titanium and tungsten — can be interchanged with vanadium for alloying with steel, there is no substitute for vanadium in aerospace titanium alloys.

    Over the last few years, China has increased its vanadium use, producing steel rebar with high tensile strength for construction. Vanadium compounds are also used in nuclear reactors because they have low neutron-absorbing properties. Vanadium oxide is used as a pigment for ceramics and glass, and can act as a catalyst in the production of superconducting magnets.

    In addition to the steel alloy sector, the metal is often used to make parts for jet engines, as well as crankshafts, axles and gears. What’s more, vanadium redox batteries (VRFB) are currently generating excitement because they are reusable over semi-infinite cycles, and do not degrade for at least 20 years, allowing energy storage systems the ability to bank renewable energy.

    However, these batteries are quite large compared to lithium-ion batteries, and are better suited for industrial or commercial use rather than for use in electric vehicles. That said, there are a number of companies around the world working on developing the technology for residential and smaller-scale use.

    Vanadium supply trends

    The top vanadium producing countries are China, Russia and South Africa, and worldwide vanadium production totaled 100,000 metric tons (MT) in 2024. China was the world’s largest producer of vanadium by far, contributing 70,000 metric tons of vanadium. Russia came in at a distant second with output of 21,000 MT, and South Africa was in third place with 8,000 MT.

    Russian-owned Evraz is a large vanadium producer with assets in Russia and Czechia, and is a major supplier of ferrovanadium to the European steel market. In the first half of 2022, Russia’s invasion of Ukraine and subsequent trade sanctions have prompted end-users to look for more secure vanadium supplies. By the end of 2024, Russian vanadium pentoxide exports to China had dried up, and supply uncertainties were also reported in South Africa.

    For his part, CRU Group’s Goel believes other nations are also interested in boosting domestic vanadium production. “Governments worldwide have recognized vanadium as a critical mineral, leading to increased support for emerging vanadium projects,” he said. Goel cited as an example the private Australian company Vecco Group, which received an AU$3.8 million grant to advance the feasibility and design of its vanadium project in Brisbane.

    However, vanadium will have to break free from the current low pricing environment if ex-China projects are to move from discovery to production.

    How to invest in vanadium stocks

    Vanadium bullion is available from private individuals, but the metal is not publicly traded, and so most experts do not advise investing in physical vanadium. Instead, vanadium stocks are a common way to gain exposure.

    There are several publicly traded companies currently producing vanadium for investors to consider, as well as many companies exploring or developing vanadium projects, including as a by-product of other minerals. See the list of vanadium stocks you can invest in below for more details on their operations.

    [shortcode-js-qm-watchlist-widget stocks=’AVL:AU,BMN:LN,EFR:CC,LGO,NEXT:CC,QEM:AU,SR:CC,VRB:CC,WUC:CC’

    Australian Vanadium (ASX:AVL)
    Australian Vanadium is building a vanadium pit-to-battery value chain in Western Australia that will incorporate its flagship Australian Vanadium project, considered one of the most advanced vanadium projects being developed globally.

    Bushveld Minerals (LSE:BMN)
    Bushveld Minerals is a primary vanadium mining company with one of the world’s largest high-grade primary vanadium resources. The company’s assets, all in South Africa, include two of the world’s four operating primary vanadium production processing facilities and an under-construction vanadium electrolyte production facility.

    Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU)
    Energy Fuels is primarily focused on uranium and rare earth metals, but its White Mesa mill in Utah, US, has the ability to process uranium-bearing ore from its mines into vanadium pentoxide (V2O5) as well. While the company is not currently producing vanadium, it has a stockpile of finished V2O5, with production and sales awaiting stronger market prices.

    Largo Resources (TSX:LGO,NASDAQ:LGO)
    Largo Resources owns and operates the Maracas Menchen mine in Brazil, and has annual V2O5 equivalent production guidance of between 9,000 and 11,000 MT. The company supplies vanadium products for multiple applications, and has developed vanadium redox battery systems for advanced renewable energy storage solutions.

    Manuka Resources (ASX:MKR)
    Manuka Resources holds two fully permitted precious metals projects in the Cobar Basin of New South Wales, Australia. Through its wholly owned subsidiary, it is also advancing the Taranaki VTM iron-vanadium-titanium project, which would extract vanadium-rich iron sands from the seabed of the New Zealand exclusive economic zone.

    NextSource Materials (TSX:NEXT,OTCQB:NSRCF)
    NextSource Materials’ advanced-stage Green Giant in-situ vanadium project in Madagascar is one of the world’s largest-known vanadium deposits, with a resource estimate of 60 million MT of V2O5 at an average grade of almost 0.7 percent. Green Giant is adjacent to NextSource’s Molo graphite mine.

    QEM (ASX:QEM)
    QEM is advancing its flagship Julia Creek vanadium and energy project in Queensland’s North West Minerals Province. The project hosts one of the largest vanadium deposits in the world, with a JORC resource of 2.87 billion MT at 0.31 percent V2O5, and a contingent oil resource of up to 654 million barrels.

    Strategic Resources (TSXV:SR)
    Strategic Resources is targeting the green steel market with its flagship BlackRock vanadium-titanium-iron project in the Eeyou Istchee James Bay region of Québec, Canada. The project, which will host a mine and concentrator, is fully permitted and construction ready. The company will also have a metallurgical facility located in the Port of Saguenay.

    VanadiumCorp Resource (TSX:VRB)
    VanadiumCorp’s goal is to become a fully integrated producer of high-quality vanadium electrolytes for vanadium flow batteries. It plans to source material from its Lac Doré vanadium- and titanium-bearing magnetite deposit in the Eeyou Istchee James Bay region of Québec.

    Western Uranium and Vanadium (CSE:WUC,OTCQX:WSTRF)
    Western Uranium and Vanadium is developing high-grade uranium and vanadium production at its Sunday Mine Complex in Colorado, US, and licensing and developing the nearby Mustang mineral processing plant. In Q2 2025, it delivered stockpiled and new production from Sunday to Energy Fuels’ White Mesa mill through an ore purchase agreement.

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

    This post appeared first on investingnews.com

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    Osisko Gaspé Expansion Hole Intersects 133.7 Metres Averaging 1.04% Cu

    Investing 13 Mins Read

    Osisko Metals Incorporated (the ‘ Company ‘ or ‘ Osisko Metals ‘) ( TSX: OM,OTC:OMZNF ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec.

    Osisko Metals CEO Robert Wares commented: ‘The growth potential of the Gaspé Copper deposit continues to be demonstrated with today’s new high-grade results. Holes 30-1106 and 30-1109 reveal the presence of a thick, higher grade tabular zone lying at depth around the E Zone horizon near the eastern margin of our 2024 MRE model. This tabular zone may extend significantly to the east if it correlates to historical drilling results. Our expansion drilling is exceeding expectations, hand-in-hand with the solid infill results on our main resource area.’

    New analytical results are presented below (see Table 1), including 26 mineralized intercepts from six new drill holes. Infill intercepts are located inside the 2024 MRE model ( see November 14, 2024 news release ), and are focused on upgrading inferred mineral resources to measured or indicated categories, as applicable. Expansion intercepts are located outside the 2024 MRE model and may potentially lead to additional resources that will be classified appropriately within the next MRE update. Some of the reported intercepts have contiguous shallower infill as well as deeper expansion (noted on Table 1 below as ‘Both’). Maps showing hole locations are available at www.osiskometals.com .

    Highlights:

    • Drill hole 30-1110
      • 1091.5 metres averaging 0.20% Cu (infill and expansion)
    • Drill hole 30-1109
      • 133.7 metres averaging 1.04% Cu (expansion)
    • Drill hole 30-1106
      • 159.1 metres averaging 0.45% Cu (expansion)
    • Drill hole 30-1103
      • 167.9 metres averaging 0.24% Cu (infill)
    • Drill hole 30-1108
      • 134.8 metres averaging 0.22% Cu (infill and expansion)
    • Drill hole 30-1111
      • 304.5 metres averaging 0.17% Cu (infill)
      • 206.3 metres averaging 0.33% Cu (expansion)

    Table 1: Infill and Expansion Drilling Results

    DDH No. From (m) To (m) Length (m) Cu % Ag g/t Mo % CuEq* Type**
    30-1103 14.6 144.0 129.4 0.17 1.40 0.19 Infill
    And 322.6 490.5 167.9 0.24 1.84 0.014 0.30 Infill
    And 510.0 583.5 73.5 0.27 2.02 0.029 0.40 Expansion
    And 618.0 714.0 96.0 0.12 1.09 0.024 0.20 Expansion
    And 790.5 854.0 63.5 0.26 1.38 0.010 0.30 Expansion
    30-1106 595.5 634.5 39.0 0.40 3.58 0.44 Infill
    And 694.0 716.0 22.0 0.29 1.60 0.008 0.32 Expansion
    And 741.0 802.5 61.5 0.18 0.97 0.014 0.23 Expansion
    And 844.7 1003.8 159.1 0.45 1.95 0.011 0.50 Expansion
    (including) 864.2 898.0 33.8 1.04 3.60 0.011 1.10 Expansion
    30-1108 9.0 53.0 44.0 0.20 1.80 0.21 Infill
    And 67.0 96.0 29.0 0.17 1.62 0.19 Infill
    And 160.5 199.5 39.0 0.12 1.05 0.008 0.16 Infill
    And 354.0 417.0 63.0 0.19 1.42 0.006 0.22 Infill
    And 442.2 579.0 134.8 0.22 1.17 0.030 0.34 Both
    And 662.7 695.8 33.1 0.22 0.75 0.021 0.31 Expansion
    And 877.5 900.3 22.8 0.62 5.14 0.67 Expansion
    30-1109 463.5 487.5 24.0 0.36 2.83 0.39 Infill
    And 543.0 583.5 40.5 1.35 8.29 0.012 1.44 Infill
    And 727.3 861.0 133.7 1.04 6.48 0.017 1.14 Expansion
    30-1110 8.0 1099.5 1091.5 0.20 1.52 0.017 0.28 Both
    (including) 8.0 743.6 735.6 0.20 1.50 0.015 0.27 Infill
    (including) 743.6 1099.5 355.9 0.21 1.55 0.021 0.30 Expansion
    And 1138.5 1177.5 39.0 0.12 0.90 0.014 0.17 Expansion
    30-1111 28.5 333.0 304.5 0.17 0.80 0.007 0.20 Infill
    And 391.5 602.5 210.5 0.16 0.78 0.028 0.27 Infill
    And 634.7 682.5 47.8 0.13 1.06 0.008 0.16 Expansion
    And 730.0 936.3 206.3 0.33 2.39 0.016 0.41 Expansion

    * See explanatory notes below on copper equivalent values and Quality Assurance/Quality Controls.
    ** ‘Both’ indicates drill holes that have contiguous shallower infill as well as deeper expansion intercepts.

    Discussion

    Drill holes 30-1103 and 30-1108, both located near the western margin of the 2024 MRE model, cut multiple intersections of mineralized material, 20 to 168 metres thick, distributed in ‘layer cake’ fashion from surface to a vertical depth of 854 and 900 metres, respectively.

    Drill hole 30-1106, located near the eastern margin of the 2024 MRE model, cut unmineralized material to a depth of about 600 metres, followed by four mineralized intervals to a vertical depth of 1004 metres. These include a higher-grade interval of 33.8 metres averaging 1.04% Cu and 3.60 g/t Ag located at the level of (and immediately below) the E Zone skarn horizon.

    Drill hole 30-1109, also located near the eastern margin of the 2024 MRE model, cut unmineralized material to a depth of about 460 metres, followed by three mineralized intervals to a vertical depth of 860 metres. These also include a higher-grade interval of 133.7 metres averaging 1.04% Cu and 6.48 g/t Ag located in skarn and porcellanites above and below the E Zone skarn horizon.

    Both 30-1106 and 30-1109 suggest potential for the presence of a higher-grade tabular deposit around the E Zone horizon that, when combined with historical drilling data, indicates a potential extension eastward towards the previously mined E-32 Zone over a lateral distance of 800 metres.

    Drill hole 30-1110, located on top of Copper Mountain near the central part of the 2024 MRE model, intersected 1091.5 metres averaging 0.20% Cu, 1.52 g/t Ag, and 0.017% Mo (0.28% CuEq), including 735.6 metres averaging 0.20% Cu, 1.50 g/t Ag, and 0.015% Mo (infill) and 355.9 metres averaging 0.21% Cu, 1.55 g/t Ag, and 0.021% Mo (expansion), extending mineralization to a vertical depth of 1100 metres and again confirming continuity of mineralization in the core of the deposit.

    Drill hole 30-1111, located immediately west of Copper Mountain near the southern lip of the pit, intersected 304.5 metres (from surface) averaging 0.17% Cu and 0.80 g/t Ag followed by three more intersections that included expansion at depth of 206.3 metres averaging 0.33% Cu, 2.39 g/t Ag, and 0.016% Mo, extending mineralization in this area to a vertical depth of 936 metres. The central porphyry intrusion was then intersected and returned 76 metres averaging negligible copper (0.08% Cu) but significant molybdenum (0.023% Mo).

    Mineralization at Gaspé Copper is of porphyry copper/skarn type and occurs as disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite and minor bornite and molybdenite. At least five retrograde vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier prograde skarn and porcellanite-hosted mineralization throughout the Gaspé Copper system. Porcellanite is a historical mining term used to describe bleached, pale green to white potassic-altered hornfels. Subvertical stockwork mineralization dominates at Copper Mountain whereas prograde bedding-replacement mineralization, that is mostly stratigraphically controlled, dominates in the area of Needle Mountain, Needle East, and Copper Brook. High molybdenum grades (up to 0.5% Mo) were locally obtained in both the C Zone and E Zone skarns away from Copper Mountain.

    The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain stockwork mineralization ( see May 6, 2024 MRE press release ). Extending the resource model south of Copper Mountain into the poorly-drilled prograde skarn/porcellanite portion of the system subsequently led to a significantly increased resource, mostly in the Inferred category ( see November 14, 2024 MRE press release ).

    The current drill program is designed to convert the November 2024 MRE to Measured and Indicated categories, as well as test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively. The November 2024 MRE was limited at depth to the base of the L1 skarn horizon (C Zone), and all mineralized intersections below this horizon represent potential depth extensions to the deposit, to be included in the next scheduled MRE update in Q1 2026.

    All holes are being drilled sub-vertically into the altered calcareous stratigraphy, which dips 20 to 25 degrees to the north. The L1 (C Zone) the L2 (E Zone) skarn/marble horizons were intersected in most holes, as well as intervening porcellanites that host the bulk of the disseminated copper mineralization.

    Table 2: Drill hole locations

    DDH No. Azimuth (°) Dip (°) Length (m) UTM E UTM N Elevation
    30-1103 0.00 -90.00 930.0 316056.0 5426038.0 634.7
    30-1106 0.00 -90.00 1131.0 316500.0 5426360.0 628.7
    30-1108 0.00 -90.00 960.00 315900.0 5426136.0 638.9
    30-1109 0.00 -90.00 861.00 316600.0 5426205.0 608.2
    30-1110 0.00 -90.00 1200.00 316077.0 5426355.0 742.7
    30-1111 0.00 -90.00 1014.00 315600.0 5426408.0 590.0

    Explanatory note regarding copper-equivalent grades

    Copper Equivalent grades are expressed for purposes of simplicity and are calculated taking into account: 1) metal grades; 2) estimated long-term prices of metals: US$4.25/lb copper, US$20.00/lb molybdenum, and US$24.00/oz silver; 3) estimated recoveries of 92%, 70%, and 70% for Cu, Mo, and Ag respectively; and 4) net smelter return value of metals as percentage of the price, estimated at 86.5%, 90.7%, and 75.0% for Cu, Mo, and Ag respectively.

    Qualified Person

    The scientific and technical content of this news release has been reviewed and approved by Mr. Bernard-Olivier Martel, P. Geo. (OGQ 492), an independent ‘qualified person’ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’).

    Quality Assurance / Quality Control

    Mineralized intervals reported herein are calculated using an average 0.12% CuEq lower cut-off over contiguous 20-metre intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals). Intervals of 20 metres or less are not reported unless indicating significantly higher grades . True widths are estimated at 90- 92% of the reported core length intervals.

    Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including insertion of blanks and standards in the sample stream. Drill core is drilled in HQ or NQ diameter and securely transported to its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to ALS Canada Ltd.’s preparation facility in Sudbury. Sample preparation details (code PREP-31DH) are available on the ALS Canada website. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for Cu, Mo and Ag.

    About Osisko Metals

    Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec ‘ s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt averaging 0.34% CuEq and Inferred Mineral Resources of 670 Mt averaging 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals’ November 14, 2024 news release entitled ‘Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper’. Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.

    In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada ‘ s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals ‘ June 25, 2024 news release entitled ‘Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq’. The Pine Point project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical substation and 100 kilometres of viable haul roads.

    For further information on this news release, visit www.osiskometals.com or contact:

    Don Njegovan, President
    Email: info@osiskometals.com
    Phone: (416) 500-4129

    Cautionary Statement on Forward-Looking Information

    This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘potential’, ‘feasibility’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction decision (if at all); the ability to increase the Company’s trading liquidity and enhance its capital markets presence; the potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in eastern North America.

    Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.ca) under Osisko Metals’ issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.

    Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission, or other regulatory authority has approved or disapproved the information contained herein.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1435bbf7-6580-47e7-9906-c67a832e9456

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ffb2d0f5-e4f4-4672-8e6e-e41e07fc2f68

    News Provided by GlobeNewswire via QuoteMedia

    This post appeared first on investingnews.com

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