Record Q4 Sets the Stage for Next Phase of GrowthTORONTO, Oct. 08, 2025 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the “Company” or “TRX Gold”) is pleased to announce preliminary results for Q4 20251. Record quarterly production and sales: In Q4 2025, the Company achieved record production and sales of 6,404 and 6,977 ounces of gold respectively, a 37% increase in production over Q3 2025.Record gold price realization: Benefited from an average market price for gold of approxim ...

VANCOUVER, British Columbia, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Cornish Metals Inc. (AIM/TSX-V: CUSN) (“Cornish Metals” or the “Company”) is pleased to report the results of a detailed review and updated Preliminary Economic Assessment study (“PEA" or “Study”) for its wholly owned and permitted South Crofty critical mineral project in Cornwall, United Kingdom, the highest grade known tin resource not in production and potentially the first primary producer of tin in Europe or North America. Since the highly ...

Core Insights - Canadian Critical Minerals Inc. (CCMI) reported revenues from the sale of stockpiled mineralized material at the Bull River Mine (BRM) project, generating approximately USD$135,000 from 1,448 dry metric tonnes of material shipped in August 2025 [1][2]. Company Overview - CCMI is primarily focused on copper production assets in Canada, with its main asset being the 100% owned Bull River Mine project, which contains 150 million lbs of copper along with gold and silver resources [3]. - The company also holds a 9% interest in XXIX Metal Corp., which owns the Thierry copper project in Ontario and the Opemiska copper project in Quebec [3]. Financial and Operational Updates - Proceeds from the sale of mineralized material will be utilized to cover ongoing care and maintenance costs at BRM and to support engineering studies for the final permit application to restart mill and underground operations [2]. - As of the end of August 2025, the ore sorter at BRM was decommissioned and returned to its owner in Idaho on September 10, 2025 [2].

Core Insights - Eloro Resources Ltd. has reported significant assay results from its ongoing definition drilling program at the Iska Iska project, indicating the expansion of a large multi-phase hydrothermal system in the potential starter pit area [4][6][22] - The dimensions of the hydrothermal system have increased to approximately 800m by 500m by 500m deep, with a notable increase of 100m by 100m compared to previous reports [2][4] - The drilling results highlight high-grade intersections of tin, silver, and polymetallic mineralization, with the longest and highest-grade tin intersection recorded at 213.00m grading 0.51% Sn and 25.46 g/t Ag [3][10][6] Drilling Results - Hole DSB-87, an infill hole, intersected 213.00m grading 0.51% Sn and 25.46 g/t Ag, marking the highest-grade tin intersection to date [3][10] - Hole DSB-80 encountered multiple higher-grade intervals, including 53.10 g/t Ag over 15.00m and 0.30% Sn over 0.75m [7][8] - Hole DSB-86 revealed a long zinc and lead interval grading 0.81% Zn and 0.80% Pb over 241.50m, including a higher section of 1.56% Zn and 0.98% Pb over 100.50m [9][10] Project Development - The current drilling phase has completed a total of 6,242m in twelve holes, with assays pending for two additional holes totaling 1,025m [4][6] - The Santa Barbara Zone remains open laterally and downdip, presenting opportunities for further drilling to expand and upgrade mineral resources [6][10] - The dynamic nature of hydrothermal events observed in the drill core is encouraging, indicating potential for significant tin-polymetallic endowment [6][10] Geological Context - The Iska Iska project is characterized by a major silver-tin polymetallic porphyry-epithermal complex, associated with a Miocene caldera structure [22][23] - The mineralization age is similar to other significant deposits in the region, suggesting a favorable geological setting for further exploration [23][24] - The project is strategically located in Bolivia, a region known for its rich mineral resources, particularly in tin and silver [22][23]

Core Points - Metalsource Mining Inc. announced a non-brokered private placement of up to 20,000,000 units at a price of $0.20 per unit, aiming for gross proceeds of up to $4,000,000 [1] - Eric Sprott will lead the offering by subscribing for 5,000,000 units, totaling $1,000,000 [1] Offering Details - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of one additional common share at CAD $0.30 for three years [2] - The proceeds will be used for exploration at the Silver Hill and Byrd-Pilot projects in North Carolina, the Aruba manganese project in Botswana, and for general working capital [3] Strategic Focus - The company aims to modernize exploration at Silver Hill, a historic silver mine, and expand known silver zones to build an updated mineral resource estimate [4] - Byrd-Pilot project offers potential for large-scale gold-copper porphyry discovery, providing shareholders with exposure to both high-grade silver and district-scale opportunities [4] Company Overview - Metalsource Mining Inc. is engaged in the acquisition, exploration, and development of mineral property assets, focusing on precious and base metal properties [5] - The Aruba Property in Botswana covers 4,663 square kilometers and is prospective for platinum group metals, gold, silver, and manganese [5]

Core Viewpoint - Metalsource Mining Inc. has entered into a definitive option agreement with Goldstrike Minerals, LLC to acquire 100% of Goldstrike's rights and interests in certain mineral lease agreements and exploration licenses in North Carolina, which is seen as a transformational acquisition for the company [1][8]. Summary of Transaction - The option agreement allows Metalsource to acquire the rights by paying a total of $250,000 and issuing 15,000,000 common shares over two years, with the option to accelerate the transaction [3]. - Metalsource is committed to investing $1,000,000 in exploration and development of the mineral interests over the same period, while retaining exclusive management rights over the projects [4]. - The completion of the transaction is subject to conditions including due diligence, board approvals, and raising at least $2,000,000 through a private placement within 120 days [5]. Project Details - The Silver Hill Project consists of 1,128 acres in Davidson County, known for its historic silver production, with significant mineralization potential indicated by recent sampling results [6][9]. - The Byrd-Pilot Mountain Project spans 1,032 acres in Randolph County, showing potential for a gold-copper porphyry system with previous exploration indicating broad mineralization [11]. Historical Estimates - A historical estimate for the Silver Hill Project suggests the presence of 347,422 tonnes grading 23.7 g/t silver and 2.17 g/t gold, although this estimate has not been classified as current mineral resources [10]. Management and Expertise - The acquisition is supported by the expertise of Tom and his team, who have extensive knowledge of the properties and the North Carolina jurisdiction, providing a strong foundation for future exploration [8].

Company Overview - Empire Metals LTD has upgraded to trade on the OTCQX® Best Market from the OTCQB® Venture Market, enhancing its visibility among U.S. investors [1][3] - The company focuses on the development of the Pitfield titanium project in Western Australia, which is characterized by a significant high-grade titanium discovery [5] Market and Trading Information - Empire Metals LTD begins trading on OTCQX under the symbol "EPMLF," providing U.S. investors with access to current financial disclosures and real-time quotes [2] - The OTCQX Market is designed for established companies that meet high financial standards and corporate governance practices, marking an important milestone for companies transitioning from OTCQB [3] Project Details - The Pitfield project features a massive titanium resource, with airborne surveys indicating a gravity and magnetics anomaly extending over 40km by 8km by 5km deep [5] - An Exploration Target for Pitfield was declared in 2024, estimated to contain between 26.4 to 32.2 billion tonnes of titanium ore with a grade range of 4.5 to 5.5% TiO₂ [5] - The in-situ weathered sandstone zone is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO₂, extending from surface to an average depth of 30m to 40m [5] Management Commentary - Shaun Bunn, Managing Director of Empire Metals, expressed enthusiasm about the upgrade to OTCQX, highlighting the increased accessibility and visibility for U.S. institutional and retail investors [4]

Summary of Strickland Metals Limited (STK) Update - August 26, 2025 Company Overview - **Company**: Strickland Metals Limited (ASX Code: SDK) - **Recent Activity**: Exceptional drilling results from the Rygosna project in Serbia, with an eight rig drill program in operation [1][2] Key Developments - **Cenat Deposit**: New high-grade copper-gold discovery reported [2] - **Divestment**: Completed the sale of the Yandel gold project in Western Australia to Gateway Mining [2] - **Institutional Ownership**: Approximately 25% institutional ownership, indicating strong market interest [9] Financial Position - **Cash Reserves**: $32.7 million in cash and Northern Star shares, plus an additional $9 million from Gateway shares [9] - **Market Capitalization**: Approximately $320 million [64] - **Monthly Expenditure**: Currently spending about $3 million per month [64] Exploration and Drilling Updates - **Drilling Progress**: Over 100 personnel working on the project, with eight rigs operational [7] - **Drilling Rates**: Average of 30 meters per day per rig, with a target of 50,000 meters by year-end [67][92] - **Assay Turnaround**: Assays processed in batches, with a turnaround time of 4 to 6 weeks [69] Resource and Geological Insights - **Rogozna Project**: Contains 7.4 million ounces of gold equivalent in inferred resources [11] - **Geological Context**: Located in the Tethian Belt, a significant mineral-rich area comparable to Chile or Peru [10] - **Future Goals**: Aim to increase resources to over 10 million ounces within the next twelve months [64] Specific Project Highlights - **Gardena Deposit**: Focus on drilling to establish resources, with significant gold grades reported [32][33] - **Chennatz Deposit**: High-grade zones identified, with ongoing drilling to improve resource estimates [22][23] - **Kotlovy Discovery**: Initial drilling results indicate potential for economic mineralization [42][43] - **Copper Canyon**: Reevaluation of gold potential beneath the copper zone, with ongoing drilling [49][50] Community and Sustainability Efforts - **Local Employment**: Increased workforce from 25-30 to 55 employees, with a focus on local hires [60] - **Diversity Initiatives**: Female representation in the workforce increased from 10-15% to over 30% [61] - **Community Engagement**: Investment in local projects and establishment of a community center in Novi Pazar [62][63] Market and Investor Sentiment - **Market Reaction**: Mixed responses to drilling results, with a noted desensitization to high-grade intercepts [72][73] - **Long-term Outlook**: Strong support from institutional investors, with a focus on sustainable growth and resource development [75][76] Regulatory Environment - **Government Involvement**: No direct government ownership in Strickland or the project, but positive relations with the Serbian government [98] Conclusion - **Strategic Focus**: Strickland Metals is well-positioned for growth with a solid financial foundation, ongoing exploration success, and a commitment to community and sustainability initiatives. The company aims to enhance its resource base and market presence in the coming years [64][65]

Core Insights - i-80 Gold Corp. reported significant operational and financial improvements in Q2 2025, with revenue reaching $27.8 million, a substantial increase from $7.2 million in the same period last year, driven by higher gold sales and prices [4][5][13] - The company is advancing its three-phase development plan, focusing on key projects and the refurbishment of the Lone Tree autoclave, which is essential for its hub-and-spoke mining strategy [2][12][34] Financial Performance - Revenue for the three months ended June 30, 2025, was $27.8 million, compared to $7.2 million in Q2 2024, primarily due to increased gold ounces sold and a higher average realized gold price of $3,301 per ounce [4][5][51] - The company reported a net loss of $30.2 million for Q2 2025, an improvement from a net loss of $41.0 million in Q2 2024, attributed to a gross profit increase of $13.1 million [6][13] - Cash used in operating activities decreased to $11.3 million from $24.6 million year-over-year, reflecting improved operational efficiency [5][6] Development Initiatives - The company is executing a recapitalization strategy, having raised $185.5 million in May 2025 through a public offering and private placement, with plans to allocate approximately $92 million for construction, drilling, and permitting activities across its projects [10][11] - Key upcoming catalysts include the initiation of underground development at Archimedes in Q3 2025, completion of feasibility studies, and refurbishment of the Lone Tree autoclave by Q4 2025 [12][28][34] Project Updates - The Granite Creek property is ramping up towards steady-state gold output, with significant increases in both oxide and sulfide mineralized material mined compared to the previous year [14][19] - The Archimedes underground project is set to commence initial development in Q3 2025, with permitting efforts progressing well [25][27] - The Lone Tree processing facility is undergoing a feasibility study for refurbishment, which is expected to enhance processing capabilities for the company's high-grade underground deposits [33][35]

Summary of Antipa Minerals Conference Call Company Overview - Antipa Minerals is focused on development and discovery opportunities in Western Australia’s Paterson Province [1] - The company has a market capitalization of approximately AUD 350 million and cash reserves of AUD 71 million [3][4] Key Financial Metrics - The enterprise value per resource ounce is AUD 110 million [4] - The company has seen a six-fold increase in value since the last Diggers and Dealers conference [4] - Price targets from analysts range from AUD 1 to AUD 1.5 [4] Mineral Resources and Projects - Antipa's land package covers over 4,100 square kilometers and hosts a substantial mineral resource of 3 million gold equivalent ounces [4] - The Paterson Province has seen discoveries of over 20 million ounces of gold and 3.4 million tons of copper in recent years [5] - The Minyari Dome project has a scoping study indicating the potential to mine 1.5 million ounces of gold at 1.5 grams per tonne, producing 130,000 ounces annually for the first ten years [6] Economic Viability - The NPV at a base case gold price of AUD 3,000 per ounce is AUD 834 million, with an IRR of 52% [6] - At AUD 4,000 per ounce, the post-tax NPV increases to AUD 1.2 billion with an IRR of 79% [6] - Annual free cash flow post-tax averages AUD 126 million at AUD 3,000 per ounce, increasing to AUD 214 million at AUD 4,000 per ounce, representing a 70% increase [7] Development Timeline - The pre-feasibility study is on track for completion in June, with plans to move into a definitive feasibility study and aim for a financial investment decision by 2027 [11] - First gold production is targeted for December 2028 [11] Exploration and Drilling Activities - A recent 13,000-meter growth-focused drilling program has identified significant resource extension potential [12] - The Minyari deposit has shown promising intersections, including 154 meters at 2.1 grams per tonne [13] - The GEO-one discovery, located 1.3 kilometers south of Minyari, currently hosts around 200,000 ounces of gold, with plans for further resource increases [14] Strategic Focus - Antipa is fully funded for its technical studies and resource growth drilling programs, with a total of 35,000 meters of growth and exploration drilling planned for this year [20] - The company aims to drill between 50,000 to 70,000 meters next calendar year based on success [20] - Antipa is positioned well within a province experiencing significant M&A activity and exploration interest [21] Conclusion - Antipa Minerals presents a compelling investment opportunity with a strong cash position, significant resource potential, and a clear development timeline in a region with increasing exploration activity [21]