Core Viewpoint - Probe Gold Inc. has made headlines as it enters into a definitive agreement for acquisition by Fresnillo plc, with a total purchase price of approximately C$780 million, leading to a significant increase in its stock price [5][8][9]. Company Overview - Probe Gold Inc. is a prominent Canadian gold exploration company focused on acquiring, exploring, and developing high-potential gold properties. The company owns 100% of its flagship Novador Gold Project and controls a substantial land package of about 1,798 square kilometers in Québec [4]. Acquisition Details - The acquisition agreement stipulates that Probe shareholders will receive C$3.65 per share, representing a 39% premium based on the closing price as of October 30, 2025, and a 26% premium based on the volume-weighted average price over the preceding 20 trading days [8]. - The transaction is expected to close in the first quarter of 2026, pending necessary approvals [9]. Market Reaction - Following the acquisition announcement, Probe Gold's stock surged to C$3.65, marking a gain of 38.78% with a trading volume of 2.4 million shares [5].

Core Points - Fresnillo is proposing to acquire Probe Gold Inc. in an all-cash deal, marking a significant milestone in its growth strategy [2][3] - Probe Gold is a gold developer listed on the Toronto Stock Exchange, owning the Novador Gold project and a substantial exploration land package in Quebec and Ontario, Canada [2][3] - This acquisition represents Fresnillo's first major investment outside of Mexico, highlighting the company's expansion into Canada, which has a strong partnership with Mexico [4]

Acquisition Overview - Fresnillo plc will acquire all outstanding common shares of Probe Gold Inc via a Plan of Arrangement[11] - The consideration is C$3.65 per share of Probe, payable in cash, totaling an equity value of approximately C$780 million (US$560 million)[11] - This represents a 24% premium based on Probe's 30-day VWAP[11] - The transaction is funded with Fresnillo's cash on hand, which was US$1.8 billion as of June 30, 2025[11] Probe Gold Inc Assets - Probe Gold Inc has a large resource base of 10 million ounces of gold, including 8 million ounces at its flagship asset Novador[10] - Novador has the potential to produce over 200,000 ounces of gold per annum over 10+ years[10] - Novador's total resources are 7,955 Koz Au (kilounces of gold) with a tonnage of 208 Mt (million tonnes) at 1.19 g/t (grams per tonne)[26] - Other Deposits total resources are 2,050 Koz Au with a tonnage of 31 Mt at 2.10 g/t[26] Strategic Rationale - The acquisition provides Fresnillo with a strategic entry into Canada, specifically the Val d'Or mining camp in Quebec[10] - Probe Gold Inc has a large, underexplored land package of approximately 1,798 km2[10] - The acquisition is expected to generate strong returns for Fresnillo and adds a high-quality development project to its pipeline[10]

Cash consideration of C$3.65 per Share represents 39% premium to Probe’s closing price The Board unanimously recommends Probe Shareholders vote in FAVOUR of the Transaction TORONTO, Oct. 31, 2025 (GLOBE NEWSWIRE) -- PROBE GOLD INC. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce that it has entered into a definitive agreement (the “Arrangement Agreement”) pursuant to which Fresnillo plc (the “Purchaser” or “Fresnillo”) has agreed to acquire all of the issued and outstanding commo ...

Core Viewpoint - Probe Gold Inc. has announced significant results from its 50,000-metre winter infill drill program at the Novador property, confirming strong continuity of mineralization and highlighting expansion potential, which will support the upcoming pre-feasibility study (PFS) [1][2]. Group 1: Drill Program Results - The infill drill program has completed 28 drill holes totaling 9,264 metres, returning significant gold intercepts from near-surface to approximately 200 metres vertical depth, with high-grade gold intercepts found deeper in the Creek deposit areas [1][2]. - Notable drill results include intercepts of 21.8 g/t Au over 2.0 metres and 40.1 g/t Au over 1.0 metre in the New zone, as well as 39.1 g/t Au over 1.0 metre in the Creek 023 zone [3][4]. Group 2: Project Development and Future Plans - The results from the drilling program will enhance 3D models and support resource conversion for the upcoming PFS, which is expected to be completed by year-end 2025 [2][4]. - The company is making progress on permitting, resource growth, and mine plan optimization, with a strong treasury supporting its commitment to developing Novador as a top-tier gold project [2][12]. Group 3: Geological Context - Mineralization along the Courvan trend is characterized by shallow-dipping East-West gold-bearing veins associated with shear zones intersecting the Bourlamaque granodiorite batholith, with gold primarily found in sulphide-bearing quartz-carbonate-tourmaline veins [8]. - The Bussiere deposit remains open laterally and at depth, indicating further exploration potential [8]. Group 4: Company Overview - Probe Gold Inc. is focused on the acquisition, exploration, and development of gold properties, owning 100% of the Novador Gold Project and controlling a large land package of approximately 1,798 square kilometres in Quebec [13]. - The Novador project hosts four past-producing mines and contains 80% of the company's gold resources in Val-d'Or East, with a robust mining plan projecting an average annual gold production of 255,000 ounces over a 12.6-year mine life [12][13].

Core Viewpoint - Myriad Uranium Corp. is actively advancing its uranium exploration projects, particularly the Copper Mountain Uranium Project in Wyoming and the Red Basin Project in New Mexico, with significant upcoming catalysts that could enhance resource estimates and project economics [1][4][6]. Company Overview - Myriad Uranium Corp. holds a 75% interest in the Copper Mountain Uranium Project and a 100% interest in the Red Basin Project [1][5]. - The Copper Mountain project has historical significance, with past production from the Arrowhead Mine totaling 500,000 lbs of U₃O₈ during the 1950s and 60s [5]. - Approximately 2,000 boreholes have been drilled at Copper Mountain, with Union Pacific having invested an estimated US$78 million in exploration and development [6]. Upcoming Catalysts - An important upcoming catalyst is the assay of around 1,500 additional samples from late 2024 drilling at Copper Mountain, which could confirm new mineralization and enhance resource estimates [4]. - Positive assay results could significantly improve grades and interval thicknesses, potentially positioning Copper Mountain as one of the largest uranium projects in the U.S. [6]. Project Details - The Red Basin Project contains shallow historical uranium resources and offers strong potential for resource expansion, with a planned geophysical survey in 2025 [6]. - Myriad has also expanded its acreage to encompass approximately 800 of 1,050 historical boreholes in the Red Basin [6]. Investor Engagement - Myriad's CEO, Thomas Lamb, will present at the Metals & Mining Virtual Investor Conference on July 24, 2025, providing an opportunity for real-time investor engagement [1][2].

Core Viewpoint - Probe Gold Inc. has reported significant results from its 50,000-metre winter infill drill program at the Novador property, which is expected to support the upcoming 2025 pre-feasibility study, indicating strong mineral continuity and expansion potential [2][3][5]. Group 1: Drill Program Results - The infill drill program involved thirty-six drill holes totaling 8,202 metres, yielding significant gold intercepts from near-surface to approximately 200 metres vertical depth in the Bussiere and Creek deposit areas [2][3]. - Notable gold grades include intercepts of up to 50 g/t Au over 1.0 metre and 8.7 g/t Au over 6 metres, demonstrating the potential for high-grade mineralization [5][6]. Group 2: Project Development and Future Plans - The results from the drilling program will enhance 3D models and support resource conversion, playing a critical role in advancing the Novador project towards development [3][5]. - The company is making progress in key areas such as permitting, resource growth, and mine plan optimization, with a strong treasury backing its commitment to the project [3][14]. Group 3: Geological Context - Mineralization along the Courvan trend is characterized by shallow-dipping East-West gold-bearing veins associated with shear zones, primarily composed of sulphide-bearing quartz-carbonate-tourmaline [9][13]. - The Bussiere deposit remains open laterally and at depth, indicating further exploration potential [9].

Core Viewpoint - Probe Gold Inc. has reported significant results from its 50,000-metre winter infill drill program at the Novador property, which is expected to support the upcoming 2025 pre-feasibility study, confirming continuity and expansion potential of gold resources [2][3][5]. Group 1: Drill Program Results - The infill drill program consisted of 51 drill holes totaling 8,405 metres, yielding notable gold intercepts from near-surface to approximately 200 metres vertical depth in the Bussiere and Creek deposit areas [2][3]. - Significant grades were reported, including 6.2 g/t Au over 4.9 metres and 26.8 g/t Au over 1.0 metre, with additional intersections of 3.1 g/t Au over 17.0 metres [5][6]. Group 2: Project Development and Future Plans - The results from the drilling program are crucial for resource conversion and will form a foundation for the pre-feasibility study, marking an important milestone in advancing the Novador project towards development [3][5]. - The company is making progress in permitting, resource expansion, and optimizing the mine plan, with a strong treasury supporting its commitment to establishing Novador as a top-tier gold development project [3][14]. Group 3: Geological Context - Mineralization along the Courvan trend is characterized by shallow-dipping East-West gold-bearing veins associated with shear zones intersecting the Bourlamaque granodiorite batholith, indicating a favorable geological setting for gold extraction [9][13]. - The Bussiere deposit remains open laterally and at depth, suggesting further exploration potential [9].

Core Insights - Probe Gold Inc. has awarded major engineering contracts for the Pre-Feasibility Study (PFS) of its Novador Project, scheduled for completion by the end of 2025 [2][6] - Ausenco Engineering Canada ULC will lead the PFS, overseeing project timelines and deliverables, while G Mining Services Inc. will handle mining engineering aspects [3][4] - GHD has been appointed for tailings and water management engineering, leveraging their understanding of the project site for optimal design solutions [5][6] Company Overview - Probe Gold has consolidated a significant land position in the Val d'Or East area of Quebec, covering 835 square kilometers, with the Novador Project being a key asset [7][11] - The Novador Project includes four past-producing mines and contains 80% of the company's gold resources in the region, situated in a politically stable and low-cost mining environment [7][11] - The company has a robust mining plan with an average annual gold production of 255,000 ounces over a 12.6-year mine life [11][12] Engineering Partnerships - Ausenco is recognized for its innovative consulting and project delivery in the minerals and metals sector, with a strong track record in Quebec [8][9] - G Mining Services specializes in both underground and open-pit mining projects, providing comprehensive services from exploration to full-scale operations [10] - GHD is a global professional services company focused on integrated solutions for environmental and engineering challenges, currently supporting multiple mining projects in Canada [10][11] Project Progress - Probe Gold has completed a 50,000-meter infill drilling program to support the PFS, which remains on track for completion by year-end 2025 [9] - The company is making steady progress on its permitting strategy and is fully funded to advance through the next stages of regulatory and permitting work [6][11]

Core Viewpoint - Probe Gold Inc. has awarded the Environmental Impact Assessment/Statement (EIA/EIS) contract for the Novador Project to WSP Canada Inc., marking a significant step in the permitting process aimed at advancing the project towards production [2][3][6]. Group 1: Environmental Impact Assessment - The EIA/EIS will cover essential environmental aspects such as geochemistry, groundwater and surface water quality, hydrology, air quality, and species with conservation status [2][6]. - Submission of the EIA/EIS to federal and provincial authorities is targeted for Q1 2027, which is crucial for obtaining necessary permits [2][3]. Group 2: Project Overview - The Novador Project is part of a larger land package of 835 square kilometers in the Val d'Or East area of Quebec, which includes four past-producing mines and contains 80% of the company's gold resources in this region [5][7]. - The project is situated in a politically stable and low-cost mining environment, enhancing its attractiveness for development [7]. Group 3: Company Position and Future Plans - Probe Gold is fully funded to advance through the regulatory and permitting process, which is expected to unlock significant value for shareholders [3]. - The company's Novador updated Preliminary Economic Assessment indicates an average annual gold production of 255,000 ounces over a mine life of 12.6 years [9].