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Trump Weighs Executive Order to Loosen Federal Cannabis Restrictions

December 16, 2025 Investing 4 Mins Read

US President Donald Trump is reportedly weighing a major shift in federal drug policy that would relax decades-old restrictions on cannabis, potentially injecting new life into the industry.

Six people familiar with the discussions told the Washington Post that Trump is preparing an executive order directing federal agencies to pursue the reclassification of cannabis from a Schedule I substance to Schedule III.

The effort, still under internal review, was the focus of a December 10 phone call between Trump and House Speaker Mike Johnson, several of the sources said. Joining the call were cannabis industry executives, Secretary of Health Robert F. Kennedy Jr. and Mehmet Oz, administrator for the Centers for Medicare & Medicaid Services.

The people spoke on the condition of anonymity because they were not authorized to discuss the meeting publicly.

Johnson reportedly expressed skepticism and laid out several studies and data points opposing rescheduling, but by the end of the call, Trump appeared inclined to proceed. However, the sources emphasized that no final decision has been made and that he could still change course; this was later confirmed by another White House official.

Reclassification would shift cannabis from Schedule I status — reserved for substances deemed to have high potential for abuse and no accepted medical use — to Schedule III, which includes Tylenol with codeine and certain steroids.

The shift would not legalize recreational use under federal law, but would remove some of the most onerous constraints faced by medical researchers and by companies operating legally in dozens of states.

“This would be the biggest reform in federal cannabis policy since marijuana was made a Schedule I drug in the 1970s,” said Shane Pennington, a DC attorney who represents companies involved in rescheduling litigation.

He noted that while Trump cannot unilaterally change the drug schedule, he can instruct the Department of Justice to bypass a pending administrative hearing and finalize the rule.

The political backdrop has shifted sharply in recent years. Cannabis is legal for medical use in most states and for recreational use in 24, and has become a multibillion-dollar industry. Both Democrats and Republicans have expressed interest in rescheduling even as broader legalization remains deeply contested at the federal level.

For cannabis businesses, reclassification would be economically transformative.

Current tax rules prohibit companies that sell Schedule I substances from deducting ordinary business expenses, a barrier that industry representatives have long described as crushing.

“This monumental change will have a massive, positive effect on thousands of state-legal cannabis businesses around the country,” said Brian Vicente, founding partner at Vicente. “Rescheduling releases cannabis businesses from the crippling tax burden they have been shackled with and allows these businesses to grow and prosper.”

Policy advocates say the move would eliminate a central pillar of the federal government’s 50 year prohibition regime, while also highlighting how much work remains.

“This is the beginning of a new era of public health policy,” said Shawn Hauser, also a partner at Vicente.

She called the directive “a long-overdue acknowledgment of marijuana’s medical value and safety,” while warning that rescheduling alone will not resolve broader regulatory inconsistencies or criminal justice disparities.

Trump, who said in August that he was “looking at reclassification,” inherited a stalled proposal originally launched by then-President Joe Biden that recommended moving cannabis to Schedule III.

Rescheduling’s origins trace back to October 2022, when Biden instructed the Department of Health and the Drug Enforcement Administration (DEA) to review whether the current classification for cannabis is scientifically justified.

Health officials concluded in 2023 that it is not, prompting the DEA to propose shifting cannabis to Schedule III in early 2024. The proposed rule has been frozen since March 2025.

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

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Rare Earths Oxide Produced from Halleck Creek Ore-Major Technical Breakthrough

December 16, 2025 Investing 2 Mins Read

American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) (“ARR” or the “Company”) has successfully completed another critical stage in its mineral processing program by producing a mixed rare earths oxide (“MREO”) using the updated preliminary PFS mineral processing flowsheet.

Highlights

Rare earth oxides were produced from Halleck Creek ore using the updated preliminary Pre-Feasibility Study (“PFS”) mineral processing flowsheet¹
A Mixed Rare Earth Oxalate and Mixed Rare Earth Oxide was created from purified leachate solution using the material from the impurity removal testing²
This is the most significant technical milestone achieved for the Project to date

MREO from Halleck Creek (“the Project”) was produced using the material – a pregnant leach solution (“PLS”) – from the impurity removal testing campaign³. This was achieved through precipitating a mixed rare earth oxalate and then creating MREO powder (see Figure 1). This major technical milestone confirms that rare earths can be extracted into metallic oxides from Halleck Creek ore using the updated preliminary PFS mineral processing flowsheet currently being finalized for the upcoming PFS. Solvent extraction computer simulation is now underway, using the results of these tests.

SGS in Lakefield, Ontario, Canada created the MREO from the Halleck Creek PLS through a two- step process. The first step consists of precipitating the metals in solution using oxalic acid to create a mixed rare earth oxalate. Oxalic acid is highly selective in precipitating rare earth elements (“REE”) from PLS while other elements stay in solution. SGS performed three precipitation tests using variable oxalic acid addition rates. The second step, called calcining, involved SGS heating the combined mixed rare earth oxalates to 1,000oC to oxidize the material into a MREO. A beneficial effect of calcining is that it oxidizes the cerium, converting it from Ce³+ to Ce⁴+. Ce⁴+ is not soluble in the reagent which will be used to dissolve REEs from the MREO for solvent extraction.

Click here for the full ASX Release

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Uranium Price Forecast: Top Trends for Uranium in 2026

December 15, 2025 Investing 10 Mins Read

2026 is poised to be transformative for uranium as tightening supply converges with robust demand from new reactor builds and life extensions, plus data center construction and a broader shift to clean energy.

Despite these tailwinds, the U3O8 spot price remained muted for most of 2025, locked between US$63 and US$83 per pound; meanwhile, long-term contracting prices spent the majority of the year inching incrementally higher.

For Justin Huhn of Uranium Insider, the long-term contracting price rise paired with a V-shaped recovery exhibited by equities during the second half of the year has set the stage for bullish growth.

“In the background, the long-term U3O8 price, the three year forward, the five year forward price are all moving up. In fact, the long-term price is up from US$80 to US$86 on the year. That’s a very nice move.”

He went on to explain that long-term uranium pricing usually goes through periods of stagnation, followed by strong upward moves. This trend can be seen in how the long-term price has performed over the last five to six years, with stagnation lasting between eight and 15 months before eight to 12 months of higher prices set in.

“As far as we can tell, we’re in month three of a higher move,” said Huhn.

“We think it’s going to breach US$90 and probably push US$100 on this move that will happen next year.”

With uranium still far from its 2016 bottom, he believes the sector “has a huge runway,” adding that small caps remain largely overlooked, but “will have their day” once the commodity itself finally breaks higher.

Strong reactor growth — not AI hype — to drive long-term demand

In 2024, worldwide uranium production met 90 percent of global demand, with the remaining 10 percent likely made up of stockpiled material. At the same time, global nuclear expansion is accelerating quickly, according to the latest World Nuclear Association outlook. From 398 gigawatts electric (GWe) of installed nuclear capacity this past June, the organization’s reference scenario shows capacity nearly doubling to 746 GWe by 2040.

More aggressive growth could push that figure to 966 GWe, while a slower buildout still reaches 552 GWe.

This rapid growth has major implications for uranium demand.

Reactors are expected to consume about 68,900 metric tons (MT) of uranium in 2025. By 2040, requirements will more than double to just over 150,000 MT in the reference case, and could exceed 204,000 MT in the high-growth scenario. Even the low case sees demand topping 107,000 MT, underscoring the sector’s long-term structural pull on supply.

On that note, Lobo Tiggre, CEO of IndependentSpeculator.com, cautioned investors not to lose sight of uranium’s core driver — dependable, round-the-clock electricity.

“The use case is baseload power,” he said. “There’s no substitution, and the world is building like gangbusters.”

He argued that data center construction and electric vehicle (EV) adoption are just an added boost, not the backbone, and that headlines about AI or data center growth may be distracting from the foundation of the uranium thesis.

“If the EV story completely went away, it wouldn’t undo the thesis for uranium,” Tiggre said. “It would remove a tailwind, not the base story.” And despite political noise in the US, he believes the global shift to EVs remains intact.

He sees AI demand as similar: a powerful tailwind that strengthens the case for nuclear, but doesn’t define it.

When asked how meaningful near-term demand from new reactors and extensions could be — and when utilities will need to accelerate contracting — Gerardo Del Real, publisher at Digest Publishing, didn’t hesitate.

“How material? Very material,” he said.

But he cautioned that utilities remain “the slowest actors, always,” even as long-term contract prices have climbed “US$8 to US$10 above spot.” That contract price, he noted, is the real signal to watch. Because fuel makes up such a small share of a utility’s total operating costs, “they can afford to sign at US$120 or even US$130,” he said — levels that are far more consequential for producers and developers than for reactors themselves.

While some utilities have begun stepping in at higher prices, Del Real said the aggressive contracting many expected a year ago still hasn’t materialized. “I don’t think we’ll really see that until 2026,” he said.

Del Real said the uranium market is being driven by a mix of fundamentals and sentiment, and right now, the psychological lift from the tech boom is hard to ignore. While he doubts every AI-era data center plan will be built, the expert argued that even partial follow-through could massively expand power demand. If tech companies deliver “35 to 50 percent of their promises,” Del Real said, the energy needs would be “absolutely spectacular.”

That surge would hit an already-tightening market. He noted that the uranium sector is on track for a major supply deficit by 2026, a shortfall that he now believes is accelerating.

This sentiment was reiterated by Huhn, who explained that while broader narratives like AI and data center growth have been loosely tied to uranium, they don’t fundamentally alter the thesis for rising prices.

“If we see CAPEX pull back and growth slow, could that narrative impact us? Absolutely. But once prices start moving, uranium will carve out its own story,” he said. In his view, the real driver is the de-risking of existing reactors.

‘So instead of data center demand quadrupling by 2030, if it only doubles, we’re still going to see the de-risking of the existing operating reactors of the world, in particular in the countries that have expansion of data centers, which is most of the modern countries, but especially in the US, especially in China.”

Looking ahead, Huhn stressed that while new US reactors could eventually boost fuel demand in the early 2030s, utilities are already securing long-term contracts today.

“So the market for those reactors exists now,” he said. “As we enter 2026, attention will be everywhere.”

Aging uranium mines threaten supply security

Global uranium production is expected to climb over the next decade, but is seen struggling to meet demand.

The Australian government’s latest Resources and Energy Quarterly report projects that world uranium supply will rise from roughly 78 million MT in 2024 to about 97,000 MT by 2030, fueled by output expansions in Kazakhstan, Canada, Morocco and Finland — a roughly 24 percent increase over six years.

Industry experts also forecast a modest compound annual growth rate of 4.1 percent through 2030, with output reaching around 76,800 MT, reflecting expansions at major producers, including Kazakhstan and Canada.

Yet beyond 2030, many existing mines are expected to plateau or decline unless new projects come online, highlighting the critical need for timely investment to meet the fuel demands of the world’s growing nuclear fleet.

Future supply was a concern raised by Huhn, who underscored the challenges inherent in uranium mining.

“Mining is hard,” he said, pointing to Cameco’s (TSX:CCO,NYSE:CCJ) struggles at MacArthur River as it transitions to a new phase of the mine. The company has experienced mill downtime and production setbacks, yet still aims to deliver 15 million pounds of uranium in 2025, down from its typical 18 million. “These are very complicated underground mines with high-grade ore,” Huhn noted, emphasizing the operational complexity.

Huhn also highlighted long-term concerns: “Cigar Lake will be offline in 10 years, MacArthur River in 15. The two biggest projects that the industry relies on are finite. They need replacements if they intend to stay in uranium mining.”

Regarding Kazatomprom, he said the company is adopting a “value over volume” approach, focusing on responsible management of legacy assets while balancing joint ventures with Russia and China.

However, many of its projects are expected to peak over the next five years, with steep decline rates looming in the 2030s. Huhn warned: “Both (major miners) have pipeline problems into the 2030s. Without new development, the market will struggle to balance supply with the surging demand ahead.”

To facilitate this growth, Huhn stressed that uranium prices will need to stay elevated to incentivize the capital expenditures required to meet long-term demand.

“Looking at what the world will need to supply 250 million to 300 million pounds a year in about 10 years, we’re probably going to need prices in the US$125 to US$150 range, and they’ll need to stay there for a while,” he said.

Huhn added that short-term spikes aren’t enough.

“A spike to US$200 and then falling back to US$100 doesn’t do much for the industry,” he explained, noting that commodities cycles tend to overshoot on both ends. “Even in past cycles, prices fell below production costs — like when spot was US$30 a pound, but most low-cost producers were at US$40 to US$50. When the market recovers, the upside is usually much higher than the incentive price.”

Bullish uranium outlook meets real risks

Tiggre sees a bursting AI bubble as a possible threat to uranium’s upward price movement.

“There’s going to be a lot of companies that blow up,” he said. “There’s a significant chance that we get a major market event based on the AI bubble popping, and there will be a lot of panic selling of everything related. And unfortunately, that’s going to smack uranium too, because it has become an AI play now.”

Tiggre believes an event like this would be a strong buying opportunity, and while he doesn’t want to see people impacted by bubble burst, he urged investors to be prepared.

“I’ll be gleefully in the market when it puts something on sale, something you know is valuable. When the market offers it at a discount, and nothing else has changed, that’s an absolute gift,’ he said.

‘Opportunities like that don’t come often. Fluctuations happen, but a genuine sale on something you want for all the right reasons — that’s what makes fortunes for those with the courage to act.”

For 2026, Huhn sees utilities as the key driver for uranium prices. “I’m really looking at the utilities more than anything in the physical market, because that dictates everything else,” he explained.

While uranium equities have drawn attention, including meme-stock-like surges, Huhn is focused on the underlying commodity. He also pointed to a standoff, noting that major uranium producers like Cameco are seeking market-reference contracts with high ceilings, signaling confidence in rising prices, while utilities — still adjusting from reactor restarts and long-term power agreements — are testing the waters with small tenders.

“(Producers) want market reference with ceilings at US$130 to US$140, so that should tell all of us where the biggest players in the industry believe the price is going,” said Huhn. “Once we see the big utilities step up and sign these large contracts at the prices producers want, then it’s game on,” he emphasized, predicting a rapid price reset that could potentially push uranium from around US$75 to US$100 over a few months.

Looking down the pipeline, Del Real said he’s keeping a close eye on junior uranium companies, which he believes offer some of the biggest upside in the sector.

“If you know the management teams and can access these deals early, you can do spectacularly well,” he said, citing his firm’s early investment in North Shore Uranium (TSXV:NSU) as an example.

While he acknowledged the high risk involved, Del Real argued that in the current volatile market, well-chosen juniors can rival larger producers in potential returns, particularly when strategic financing and timing align.

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

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Locksley Resources LimitedLt. Gen.Schwartz to Advance US Defense Strategy

December 15, 2025 Investing 6 Mins Read

Perth, Australia (ABN Newswire) – Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) announced the appointment of Lieutenant General (Ret.) Mark C. Schwartz as Strategic Advisor – U.S. Government Initiatives, strengthening the Company’s engagement across U.S. defense, national security, and federal funding programs.

HIGHLIGHTS

– Lieutenant General (Ret.) Mark C. Schwartz appointed as Strategic Advisor to advance U.S. Government Initiatives

– Brings 33+ years of senior U.S. military leadership, including JSOC, SOCOM-Europe and U.S. Security Coordinator roles

– Appointment of new strategic advisor supports Locksley’s pursuit of DPA Title III, DoD, and DOE funding pathways for critical mineral onshoring

– Provides strategic guidance on integrating Locksley’s antimony supply into defence, aerospace, and prime contractor applications

– Enhances Locksley’s standing within U.S. national security circles during a period of heightened focus on reducing Chinese dependency for critical minerals

– Appointment supports Locksley’s positioning of the Desert Antimony Project as an immediate and credible U.S. supply solution

– Appointment of Lieutenant General (Ret.) Mark C. Schwartz reinforces ‘Locksley’s U.S Mine to Market’ strategy, targeting production of ingots, trisulphide, trioxide, and other downstream defence-grade products

Lieutenant General Schwartz served more than 33 years in the U.S. Army, including senior leadership roles as:

– U.S. Security Coordinator for Israel and the Palestinian Authority

– Commander, Special Operations Command – Europe

– Deputy Commanding General, Joint Special Operations Command (JSOC)

– Deputy Commander, Special Operations Joint Task Force Afghanistan

Experience Directly Aligned with U.S. Critical Minerals Priorities:

– Oversaw complex bilateral and multilateral security operations, including U.S. coordination with allied forces across the Middle East and Europe, ensuring integrated strategic planning and operational readiness

– Led major U.S. strategic assistance, force readiness, and interoperability programs, providing experience directly relevant to the United States’ efforts to secure domestic supply chains and strengthen critical minerals resilience His career has centered on advancing U.S. national security interests, joint force readiness, and strategic operations.

Experience Aligned with the Strategic Role:

As Strategic Advisor, Lieutenant General Schwartz will support Locksley’s U.S. government engagement strategy, specifically:

– Advancing Locksley’s DPA Title III and related Department of Defense and Department of Energy funding pathways;

– Supporting Locksley’s positioning within the National Defense Stockpile framework for antimony and other critical minerals;

– Providing strategic guidance on U.S. initiatives to onshore or friend-shore critical mineral supply chains;

– Supporting downstream integration of Locksley’s antimony products into defence, aerospace, and prime-contractor applications, including trisulphide, alloys, and other strategic materials.

His appointment directly complements Locksley’s progress toward establishing the United States’ first modern, integrated Mine-to-Market antimony supply chain.

Lieutenant General (Ret.) Mark C. Schwartz commented:

‘Throughout my career, my purpose has been to lead and protect U.S. national security interests across the globe. Today, one of the most significant strategic vulnerabilities facing the United States is our reliance on foreign often adversarial sources of critical minerals.

Onshoring and friend-shoring materials like antimony is essential for U.S. military readiness, industrial resilience, and protection against coercive threats, including the risk of China cutting off supply.

I look forward to working with Locksley to further articulate the importance of their antimony project, and to accelerate the immediate opportunities it presents for strengthening America’s defence and strategic materials base.’

Kerrie Matthews, Managing Director & CEO, commented:

‘Lieutenant General Schwartz brings unparalleled strategic insight into U.S defense operations and national security frameworks. His experience in operating at the highest levels of U.S. defense and government and allied commence will significantly strengthen Locksley’s engagement across defense, aerospace and strategic materials sector.

His appointment will materially strengthen our engagement across federal departments, funding agencies, and prime defence contractors at a time when the U.S. is prioritising secure domestic supply of critical minerals. This expertise will be invaluable as Locksley advances it integrated Mine to Market strategy.’

Strategic Context:

The appointment comes at a time when the United States is rapidly accelerating efforts to rebuild domestic capability in critical minerals through programs such as DPA Title III, the Industrial Base Expansion program, the National Defense Stockpile Modernization initiative, and emerging federal procurement pathways for strategic materials. These initiatives collectively represent one of the largest U.S Government commitments to critical minerals, one of the largest Lieutenant General Schwartz’s expertise will support Locksley in navigating these programs as the Company advances its ‘U.S Mine to Market’ strategy for antimony.

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:
Kerrie Matthews
Chief Executive Officer
Locksley Resources Limited
T: +61 8 9481 0389
Kerrie@locksleyresources.com.au

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Rio Silver Closes the Acquisition of the Maria Norte Ag-Au-Pb-Zn Property in Central Peru

December 13, 2025 Investing 3 Mins Read

Rio Silver Inc. (the ‘Company’ or ‘Rio Silver’) (TSX.V: RYO,OTC:RYOOF) (OTC: RYOOF) announces that, following regulatory approval, the closing of the previously-announced transaction (the ‘Transaction’) with Peruvian Metals Corp. (‘Peruvian’) to acquire 100% of the issued and outstanding common shares of Mamaniña Exploraciones S.A.C. (the ‘Subsidiary’), a Peruvian corporation, which holds mining rights in the Maria Norte project (the ‘Maria Norte Property’) located in Peru. The details and the terms of the Transaction are summarized in the Company’s previous press releases on March 26, June 25 and September 17, 2025.

Pursuant to the terms of the Transaction, on closing, Rio Silver has acquired from Peruvian 100% of the issued and outstanding common shares of the Subsidiary. In consideration, Rio Silver issued to Peruvian 3,999,999 common shares of the Company, representing 9.27 of the Company’s issued and outstanding share capital (accounting for the recent 5:1 share consolidation completed on July 3, 2025), and, in addition, under the terms of the Transaction, the Company is required to pay an aggregate of US$250,000 by making semi-annual payments to Peruvian over a period of five years commencing on June 15, 2025. To date, the Company has made the following cash payments (i) CDN$15,000 upon signing; (ii) US$22,500 upon an amendment; and (ii) US$25,000 option payment on June 15, 2025, resulting in US$225,000 payable in remaining option payments.

A geological report prepared in accordance with National Instrument 43-101 in respect of the Maria Norte Property will be filed at the Company’s profile on SEDAR+.

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico
Director, President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information,

Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.

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Spartan Metals Terminates Investor Relations Agreement

December 13, 2025 Investing 2 Mins Read

(TheNewswire)

Vancouver, Canada, December 12, 2025 TheNewswire – Spartan Metals Corp. (‘ Spartan ‘ or the ‘ Company ‘) (TSX-V: W | OTCQB: SPRMF | FSE: J03) announces, effectively immediately, it has terminated the previously announced (November 17, 2025) investor relations agreement with ValPal Management Consultancy.

About Spartan Metals Corp.

Spartan Metals is focused on developing critical minerals projects in well-established and stable mining jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic.

Spartan’s flagship project is the Eagle Project in eastern Nevada that consists of the highest-grade historic tungsten resource in the USA (the past-producing Tungstonia Mine) along with significant under-defined resources consisting of: high-grade rubidium; antimony; bismuth; indium; as well as precious and base metals. More information about Spartan Metals can be found at www.SpartanMetals.com

On behalf of the Board of Spartan

‘Brett Marsh’

President, CEO & Director

Further Information:

Brett Marsh, M.Sc., MBA, CPG

President, CEO & Director

1-888-535-0325

info@spartanmetals.com

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

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Tech Weekly: Investors Still Cautious on Tech Stocks Post-Fed Meeting

December 13, 2025 Investing 5 Mins Read

We also break down next week’s catalysts to watch to help you prepare for the week ahead.

This week’s tech sector performance

Markets opened the week subdued with investors eyeing the US Federal Reserve’s rate decision, leading to modest gains in the tech-heavy Nasdaq Composite (INDEXNASDAQ:.IXIC) and the S&P 500 (INDEXSP:.INX).

Reports of US President Donald Trump’s approval for NVIDIA (NASDAQ:NVDA) H200 chip sales to China boosted chip stocks and sustained AI enthusiasm. Tuesday’s (December 9) JOLTS report delivered data suggesting a cooling labour market amid tariff uncertainty but offering limited new clarity ahead of the Federal Reserve’s two-day meeting.

Markets rallied sharply on Wednesday (December 10) after the meeting resulted in a 25 basis point rate cut to 3.5 to 3.75 percent; however, Nasdaq gains were tempered, hinting at continued caution around AI capex sustainability ahead of earnings from Oracle and Broadcom.

Rate-sensitive areas like financials and industrials led the rally, pushing the Dow Jones Industrial Average (INDEXDJX:.DJI) ahead of the Nasdaq, which closed slightly down. This highlighted a shift from tech dominance to a more diversified market. The S&P ended up 0.21 percent at a record 6,901.

Markets interpreted Fed Chair Jerome Powell’s measured tone during his post-meeting press conference — hawkish on cuts but dovish on recession — as reinforcing a gradual easing despite tariff caution.

Gains moderated toward the end of the week as Oracle (NYSE:ORCL) and Broadcom (NASDAQ:AVGO) reported earnings that garnered a mixed reaction from investors and analysts.

Tech stocks have whipsawed in recent weeks, rallying on Fed rate cut bets and trade negotiation optimism before sharp pullbacks triggered by AI bubble fears and overvaluation concerns.

3 tech stocks moving markets this week

1. NVIDIA (NASDAQ:NVDA)

Nvidia’s shares initially surged on Tuesday (December 9) on reports that President Trump would permit H200 exports to pre-approved Chinese clients, subject to a 25 percent US federal surcharge.

However, these early gains diminished as further reports emerged that Beijing is reviewing its domestic chip prioritization strategy.

Meanwhile, companies like ByteDance and Alibaba (NYSE:BABA) are reportedly seeking large orders, pending approval. On Friday, Reuters reported that Nvidia is considering increasing H200 chip output due to robust Chinese demand. Its share price was US$175.02 at Friday’s close, a modest decrease of 4.35.

2. Oracle (NYSE:ORCL)

Oracle shares dropped over 7 percent after hours on Wednesday after the company’s Q2 earnings missed revenue forecasts, coming at US$16.1 billion compared to expectations of US$16.2 billion.

The report showed cloud sales rose 34 percent, while infrastructure revenue increased by 68 percent. Both figures were below analyst expectations of 35 and 71 percent, respectively.

Oracle shares plunged further after executives disclosed on a conference call that this fiscal year’s capital expenditure would reach around US$50 billion, higher than prior guidance, including around US$12 billion spent this quarter on data centers.

On a more positive note, some analysts viewed capex as a strategic investment, citing AI’s growth potential and pointing to Oracle’s US$523 billion backlog of deals with companies like Meta Platforms (NASDAQ:META) and Nvidia.

Oracle shares closed more than 16 percent lower this week at a price of US$189.97 on Friday afternoon.

3. Broadcom (NASDAQ:AVGO)

Conversely, Broadcom shares rose post-market on Thursday after reporting its Q4 2025 earnings results, which revealed a 74 percent increase in AI chip revenue, with custom XPUs now comprising 65 percent of its semiconductor business.

Total revenue reached US$18.02 billion year-over-year, exceeding expectations of US$17.46 billion.

Looking ahead, the company projects semiconductor revenue to double to US$8.2 billion in the next fiscal year. Q1 2026 guidance calls for US$19.1 billion total revenue.

During the earnings call, Broadcom CEO Hock Tan named Anthropic as the newly qualified fourth hyperscale, confirming its US$11 billion additional order for custom XPUs and AI racks. Shipments are expected to ramp up in late FY26.

After an initial rise, stocks fell during the call after the company guided low quarterly growth for its non-AI chips and a tax rate increase to 16.5 percent due to normalized post-acquisition tax benefits expiring.

Still, JPMorgan (NYSE:JPM) analyst Vivek Arya reset his price target on Broadcom stock from US$460 to US$500 on Friday (December 12).

Despite the positive sentiment, Broadcom shares saw a decline of 11.79 to US$359.93 from the start of the week due to Friday’s sell-off.

Broadcom, Nvidia and Oracle’s performance, December 8 to 12, 2025.

Chart via Google Finance.

Top tech news of the week

Tech ETF performance

Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of the niches they cover.

This week, the iShares Semiconductor ETF (NASDAQ:SOXX) declined by 3.88 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a gain of 1.31 percent.

The VanEck Semiconductor ETF (NASDAQ:SMH) also decreased by 3.71 percent.

Tech news to watch next week

Speeches from Fed Governors Stephen Miran and Christopher J. Waller on Monday (December 15) and Wednesday (December 17) next week may further clarify the Fed’s dot plot.

Bank of Canada Governor Tiff Macklem will also speak in Montreal on Tuesday (December 16), while key jobs, manufacturing and retail sales data in the US throughout the week could shift rate cut bets, pressuring growth stocks.

Earnings from Micron Technology (NASDAQ:MU) and BlackBerry (TSX:BB) will be released on Wednesday and Thursday (December 18), respectively.

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

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Investing

Editor’s Picks: Silver Price Sets New Record as Fed Cuts Rates, Gold Retakes US$4,300

December 13, 2025 Investing 5 Mins Read

2025 is drawing to a close, and silver seems determined to end the year with a bang.

The white metal’s breakout continued this week, with the price crashing through US$60 per ounce and continuing on up, even briefly passing US$64. It ultimately finished at just under US$62.

Year-to-date silver is now up over 110 percent, far outpacing gold’s gain of about 63 percent.

Its latest rise kicked off on November 28, the same day the Comex experienced an outage that lasted about 10 hours. Since then, positive drivers have continued to pile up.

Chief among them this week was the most recent interest rate reduction from the US Federal Reserve. As was widely expected, the central bank made a 25 basis point cut at its meeting, which wrapped up on Wednesday (December 10), taking the target range to 3.5 to 3.75 percent.

Both silver and gold tend to fare better in lower-rate environments, and while gold remains below its all-time high, it retook the US$4,300 per ounce level this week.

Key Fed meeting takeaways

It’s worth noting that although the Fed’s cut went through, three out of 12 officials voted against it, a situation that hasn’t happened since September 2019. Two wanted rates to stay the same, while Governor Stephen Miran was calling for a 50 basis point reduction.

Miran took his spot on the Fed’s Board of Governors in September after being nominated by President Donald Trump, who has been critical of the Fed — and Chair Jerome Powell in particular — for not lowering rates as quickly as he would like. Powell’s term ends in May 2026, and it’s anticipated that his replacement will follow Trump’s vision. Kevin Hassett of the National Economic Council is said to be a strong contender, with 84 percent of respondents to a CNBC survey saying they think it will be him.

While the Fed’s rate decision was in focus this week, market watchers are also closely eyeing its post-meeting statement, as well as press conference comments from Powell, to figure out what the central bank’s policy will look like heading into the new year and beyond.

The latest dot plot shows that Fed officials expect only one rate cut in 2026, plus another in 2027. That’s unchanged from projections made in September, but experts have pointed out that the dot plot also highlights the growing divide between Federal Open Market Committee members.

Another important facet is the news that the Fed will start buying short-dated bonds as of Friday (December 12), with an initial round involving purchasing US$40 billion worth of treasuries per month. This move comes after the end of quantitative tightening measures on December 1, and is being looked at as a step in the direction of quantitative easing.

‘This is basically another way of saying quantitative easing, and we’re going to continue to print money,’ said David Erfle of Junior Miner Junky. ‘The Federal Reserve is in a situation where, ‘Hey, we’ve got to continue to issue new debt to pay off the old debt.’ So now the yield curve is going to steepen as the Fed pivots toward these treasury bills, and private investors are going to have to absorb more duration risk. So basically, this means loose monetary conditions are on the way, and that’s positive for both gold and especially now silver.’

Will the silver price keep rising?

With that in mind, what exactly is next for the silver price?

I’ve been asking guests on our channel where the metal goes from here, and many have said it’s becoming harder and harder to predict as silver enters uncharted territory.

Peter Krauth of Silver Stock Investor and Silver Advisor said that a ‘relatively conservative’ outlook for 2026 would be US$70. However, he also emphasized that higher levels are possible:

‘It’s taken 45 years for (silver) to finally break out through that US$50 level. And so we’re in uncharted waters, uncharted territory, and this being the kind of market that we’re in — fundamentally, as well as macroeconomically, as well as geopolitically — I think odds are silver is going to continue to climb higher.

‘And I think it’s going to convert a lot of doubters into into believers that silver is going to go on setting new record highs, and that it’s still relatively early in this market. We’re going to see it perform very, very well for several more years.’

For his part, Erfle weighed in on upside and downside for silver, outlining how the precious metal could get close to the US$100 level. Here’s what he said:

‘If you consider the supply/demand fundamentals, this is a fifth year of a supply deficit in silver, which has constantly been outpacing supply.

‘All these forces have converged to take the silver price so much higher, and looking at upside targets, the next target is the US$66, US$68 area, and then US$80 to US$83 if the momentum continues into January. But the long-term measured target of the cup-and-handle breakout is US$96.’

I’ll be having more conversations about silver next week with experts like Gareth Soloway, John Rubino and John Feneck, so drop a comment on our YouTube channel if you have any questions.

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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Standard Uranium Retains 100% Unencumbered Ownership of the Sun Dog Project Through Conclusion of Property Option Agreement

December 12, 2025 Investing 13 Mins Read

Standard Uranium Ltd. (TSXV: STND,OTC:STTDF) (OTCQB: STTDF) (FSE: 9SU0) (‘Standard Uranium’ or the ‘Company’) announces the conclusion, effective December 11, 2025, of an arm’s length property option agreement (the ‘Agreement’) with Aero Energy Ltd. (‘Aero’) dated October 20, 2023, that had allowed Aero to earn up to 100% interest in the Sun Dog Project (‘Sun Dog’, or the ‘Project’). Following the conclusion of the Agreement, full and unencumbered ownership of the Project has been returned to the Company. Standard Uranium is currently working on plans to advance exploration on Sun Dog, building upon recent drilling and geophysical programs in 2024 and 2025.

Sun Dog covers an area of 48,443 acres (19,604 ha) across nine mineral claims and is located 15 km Southeast of Uranium City on the northern margin of the Athabasca Basin (Figure 1). It hosts the historical Gunnar Uranium Mine, discovered in 1952, which doubled Canada’s uranium production and became the largest uranium producer globally in 1956. The Gunnar Mine produced approximately 18M lbs of U₃O₈between 1953 and 1981^1,2.

Jon Bey, CEO & Director of Standard Uranium, commented, ‘Sun Dog is a fantastic project that continues to garner a great deal of interest from multiple companies. We are excited to have the Sun Dog project returned to our portfolio and confident that we will have another joint venture partner funding further exploration in the next year. I would also like to wish the team at Aero Energy future success as they focus their sites on their other uranium projects in Canada and the USA. They were a great partner to work with the past two years.’

Figure 1. Overview of the Sun Dog Project highlighting drill target areas, historical high-grade^* uranium occurrences³, and EM-conductors⁴.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10633/277772_82df2fcd64d3c957_001full.jpg

Sun Dog Highlights

History of Production: The project hosts the historical Gunnar Mine which produced 18M pounds of U₃O₈ between 1953 and 1981 and was formerly the world’s largest uranium producer^1,2.
Uranium Above and Below the Unconformity: Numerous recent and historical high-grade* uranium assays from outcrop samples across the Project range from 0.01% to 17.4% U₃O₈^3,4. These showings occur in both basement rocks below the Unconformity and perched within Athabasca sandstones above the Unconformity thus confirming the presence of unconformity-related high-grade uranium on the Sun Dog Project.
Verified Targets: Stacked graphitic structural zones associated with uranium mineralization and prospective hydrothermal alteration have been intersected in multiple target areas during modern drill programs. The drill program results to date confirm a favorable geological environment for fluid movement and uranium deposition on the Project.

Modern Exploration

Recent exploration efforts by Standard Uranium have focused on multiple target areas across the Project, testing down-dip extensions of structures hosting uranium at surface with the aim of discovering high-grade unconformity mineralization and basement ‘roots’ of the mineralizing systems underlying the Athabasca sandstones.

Prospecting & Surface Exploration

Prospecting in 2020 led to the discovery of a new high-grade uranium showing named the Haven discovery and several zones of visible uranium mineralization at surface that returned uranium assay results of 3.58% U₃O₈, 1.7% U₃O₈, and 0.7% U₃O₈.⁵

In the summer of 2022, Standard Uranium executed a field mapping and prospecting program to expand upon the results of the 2020 prospecting program. Handheld RS-120 and RS-125 scintillometers were used to track radioactivity with more than 80 new mineralized boulder and bedrock locations discovered on Johnston and Stewart islands.

In 2024, occurrences of strong to intense radioactivity in outcropping basement rocks were identified at surface while prospecting at the Wishbone and Spring-Dome target areas, returning highly anomalous assays ranging from 0.02% to 13.0% U₃O₈.⁶

Additionally, the analytical results revealed a correlation between uranium and gold, while boron and other pathfinder elements highlighted the potential for a robust alteration footprint associated with uranium mineralization. Surficial grab samples from faults and veins cutting sandstone outcrop returned high concentrations of dravite (up to 75%), a uranium pathfinder mineral commonly associated with uranium-fertile systems.

Geophysical Surveys

In the winter of 2022, MWH Geo-Surveys Ltd. carried out a ground gravity survey and UAV-borne magnetic surveys in the areas of Johnston and Stewart islands on behalf of Standard Uranium. The gravity survey consisted of 3,388 unique gravity measurement stations with a station spacing of 50 to 100 m. The survey identified several variations in residual gravity and outlined multiple gravity low target areas on and around Stewart and Johnston islands.

An airborne VTEM^TM Plus survey was completed in 2024 to pinpoint graphitic rocks (conductors) favourable for hosting significant concentrations of uranium. This modern electromagnetic (‘EM’) survey improved upon historical surveys which have identified at least 40 km of combined conductor strike length.

In 2025, MWH Geo-Surveys Ltd. completed high-resolution ground gravity surveys along known conductive exploration trends across the Wishbone, McNie, and Armbruster South target areas, filling in the gaps between the previous 2022 gravity grids (Figure 2). These surveys have identified numerous density-low bullseye anomalies representing potential zones of hydrothermal alteration or structural disruption which are commonly associated with uranium mineralization events.

Figure 2. 2025 ground gravity survey areas covering the Armbruster South, Wishbone, and McNie EM conductor trends. Density-low anomalies representing potential alteration zones are highlighted by cool colours on the inverted gravity grids.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10633/277772_82df2fcd64d3c957_002full.jpg

Drill Programs

Standard Uranium carried out two drill programs on the Project during the winters of 2022 and 2023, in addition to operating a program in 2024 funded by Aero. In total, 4,062 m of diamond drilling has been completed by the Company across 21 drill holes on the Project.

Historical exploration efforts primarily focused on the ‘Beaverlodge-style’ deposit model, targeting lower-grade, fault-hosted mineralization visible at the surface. This approach did not target, and would not have been effective for, the high-grade ‘Unconformity-related’ basement-hosted deposits associated with graphitic rocks more recently discovered near the Athabasca Basin’s edge (e.g. Arrow, Triple R).

Recent diamond drill programs have been successful in identifying key geological characteristics prospective for significant uranium mineralizing systems on the Project, which in turn will aid in planning and prioritization of additional exploration targets for follow-up drill programs.

Drilling highlights include^3,8:

Widespread hydrothermal alteration zones containing illite-rich and dravitic clays and abundant iron-oxide minerals intersected in multiple drill holes, indicating a robust fluid system with prospective chemistry for uranium.
Significant structural influence evidenced to control high-grade uranium mineralization and anomalous radioactivity in drill holes.
Reactivated graphitic shear zones & quartz-hematite breccias intersected over 10s of metres in several drill holes indicate ideal structural regime providing the plumbing system for uranium mobilization.
Favorable geochemistry returned in multiple drill holes, including prospective clay spectroscopy results (dravite), elevated pathfinder elements, and anomalous uranium correlated to lead isotope ratios which may be used as an additional exploration vector.
Uranium mineralization confirmed by anomalous uranium assays was intersected in multiple drill holes, coinciding with prospective structure and favorable alteration.

Qualified Person Statement

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

Samples collected for analysis by the Company were sent to SRC Geoanalytical Laboratories in Saskatoon, Saskatchewan for preparation, processing, and ICP-MS multi-element analysis using total and partial digestion, gold by fire assay, and boron by fusion. Basement samples were tested with ICP-MS2 uranium multi-element exploration package plus boron. All basement samples marked as radioactive upon arrival to the lab were also analyzed using the U₃O₈ assay (reported in wt %). Basement rock split interval samples range from 0.1 to 0.5 m. SRC is an ISO/IEC 17025:2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats were inserted into the sample stream at regular intervals in accordance with Standard Uranium’s quality assurance/quality control (QA/QC) protocols. All samples passed internal QA/QC protocols, and the results presented in this release are deemed complete, reliable, and repeatable.

Samples containing clay alteration were sent to Rekasa Rocks Inc. in Saskatoon, Saskatchewan to be analyzed by Short Wavelength Infrared Reflectance (‘SWIR‘) via a Portable Infrared Mineral Analyzer (‘PIMA‘) to verify clay species. All depth measurements reported are down-hole measurements and true thicknesses are yet to be determined.

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

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

References

Gunnar Uranium Mine: From Cold War Darling to Ghost Town, L. Schramm, Saskatchewan Research Council, 2018.
Geology and Genesis of Major World Hardrock Uranium Deposits, United States Geological Survey, Open-File Report 81-166, 1981.
Technical Report on the Sun Dog Property – Northwestern Saskatchewan, Canada, Effective date June 30, 2023
Information obtained from Saskatchewan Mineral Deposit Index and historical report from Uranium City Resources, 2007

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

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

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

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

We find the fuel to power a clean energy future

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

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

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

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

For further information contact:

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

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

Cautionary Statement Regarding Forward-Looking Statements

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

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the ‘Risks and Uncertainties’ in the Company’s management discussion and analysis for the fiscal year ended April 30, 2025.

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277772

News Provided by Newsfile via QuoteMedia

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Editor’s Picks: Silver Price Sets New Record as Fed Cuts Rates, Gold Retakes US$4,300

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