Equity Metals Extends the No 3 Vein to Depth at the Silver Queen Property, BCNovember 17, 2025 9:30 AM EST | Source: Equity Metals CorporationVancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Equity Metals Corporation (TSXV: EQTY) (FSE: EGSD) (OTCQB: EQMEF) ("Equity") reports new precious and base metal assays from the Summer '25 drill program on its 100% owned Silver Queen Au-Ag project, British Columbia, which continue to extend the projection of mineralization in the No. 3 ...

Core Viewpoint - Tartisan Nickel Corp. is set to initiate a Phase 1 diamond drill program at its Kenbridge Nickel-Copper-Cobalt Project, aiming to enhance and upgrade existing resources and explore high-grade mineralization extensions [1][2][4]. Group 1: Drill Program Details - The Phase 1 drill program will encompass approximately 3600 meters of NQ diamond drilling [1][7]. - The program's focus includes converting inferred resources into Measured and Indicated categories and testing extensions of high-grade nickel-copper mineralization below the existing 623-meter shaft [2][7]. - Drill targets have been prioritized based on previous exploration results and downhole geophysical modeling [3]. Group 2: Project Objectives and Infrastructure - Key objectives of the Phase 1 program include improving geological and metallurgical understanding to support a potential Pre-Feasibility Study (PFS) and collecting new data for future mine design and resource conversion [7]. - The Kenbridge Nickel Project area covers approximately 4,273 hectares of patented and staked claims, with excellent infrastructure access via road from Sioux Narrows and Kenora, Ontario [3]. Group 3: Company Overview - Tartisan Nickel Corp. is a Canadian mineral exploration and development company that owns the Kenbridge Nickel Project, along with other projects in Ontario [4]. - The company currently has 130,995,782 shares outstanding, with a fully diluted total of 137,784,671 shares [4].

Summary of FireFly Metals Conference Call Company Overview - **Company**: FireFly Metals (OTCPK:MNXM.F) - **Location**: Newfoundland, Canada - **Current Resource**: 59 million tonnes at 2% copper equivalent Key Points and Arguments Resource Development - The company is currently drilling 650 meters in front of its existing resource, yielding 49 meters at 6.1% copper equivalent, which will be included in an upcoming resource update by year-end [1][3] - The strategy focuses on demonstrating the world-class scale and continuity of the deposit, with over 2 km of underground development completed [3][4] - Six drilling rigs are operational, with four for infill drilling and two for extensional drilling, indicating a significant investment in resource expansion [4] Resource Update Expectations - The upcoming resource update is expected to show continued growth in the overall size of the resource and a conversion of inferred resources into measured and indicated categories, aiming for 70% conversion [4][5] - The company anticipates a strong economic potential due to high grades and thicknesses of mineralization, with a focus on early payback and cash flow [5][6] Economic Context - Current market prices for copper are above $11,000 per tonne and gold is at record highs above $4,300 per ounce, enhancing the economic viability of the project [7] - The existing mill has a capacity of 500,000 tonnes per annum, which is insufficient for the large-scale ore body, prompting plans for a new, appropriately scaled mill [8][9] Mining Methodology and Infrastructure - The company plans to adopt bulk mining methods suitable for the ore body, with decline development already reaching 900 meters below the surface [9][10] - Ground conditions are reported to be exceptional, allowing for deeper mining operations, with comparisons to other successful Canadian mines [10] Metallurgical Improvements - Recent metallurgical test results show copper recovery rates of 98% and gold recovery improved from 60% to 85% through a dedicated processing plant, significantly impacting project economics [11] Financing and Exploration Potential - The company is exploring non-dilutive financing options and is moving rapidly towards production [12] - Regional exploration is a key focus, with the potential for discovering additional deposits, as the area has a history of multiple mines [12][13] Upcoming Catalysts - Key upcoming events include the release of drill results, the resource update by year-end, and mining studies in the first half of next year [14] Additional Important Information - The support from local communities and government is described as unprecedented, with environmental approvals obtained in just 45 days [1][2] - The Fraser Institute ranks Newfoundland among the top six jurisdictions globally for government policy, highlighting its favorable operating environment [2]

Core Viewpoint - West Red Lake Gold Mines is initiating a fully funded infill and conversion drilling program at its Rowan Project, aiming to enhance resource confidence and advance towards production in a favorable gold market [1][2][9]. Company Overview - West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) is focused on the Rowan Project located in the Red Lake Gold District of Northwestern Ontario, Canada, which is 80 kilometers from the Madsen Mine [1][2]. - The company aims to grow rapidly as a gold producer, targeting an annual production of 50,000 ounces from Madsen in 2026 and an additional 32,500 ounces from Rowan by 2028, potentially reaching a total production of 90,000 to 100,000 ounces per year [3][4][9]. Project Details - The Rowan Project is characterized as a high-grade, nearly vertical deposit with an average diluted head grade of 8.0 grams per tonne and an average annual production of 35,230 ounces over a five-year mine life [5][9]. - The Preliminary Economic Assessment (PEA) for Rowan, filed in July 2025, uses a conservative long-term gold price of USD$2,500 per ounce, significantly lower than current market prices [2][5]. Drilling Program Objectives - The drilling program aims to achieve three main goals: 1. Upgrade inferred resources to indicated status for inclusion in a pre-feasibility mine plan [6]. 2. Drill two veins that were not included in the mine plan due to sparse historical data [6]. 3. Collect rock material for advanced metallurgical studies to support a combined pre-feasibility study for both Madsen and Rowan [6][9]. Economic Projections - The PEA indicates a post-tax Net Present Value (NPV) of $239 million at a gold price of USD$3,250 per ounce, with an Internal Rate of Return (IRR) of 81.7% [5][9]. - The initial capital cost for developing Rowan is estimated at $70 million, with potential for a toll milling operation utilizing existing infrastructure at Madsen [5][6]. Future Plans - The company anticipates starting underground development at Rowan in 2027, with production expected to commence in 2028 [4][9]. - A combined pre-feasibility study is expected to be completed by Q3 2026, which will establish a valuation benchmark for the total Red Lake assets and inform permit applications [9].

Core Insights - Happy Creek Minerals Ltd. has completed the first tranche of drilling at the Fox Tungsten Project, with significant mineralization observed in all 18 drill holes [1][3] - The deeper drilling at the BN Zone has intersected two thick zones of calc silicate, indicating multiple mineralized horizons at depth that remain open [1][3] Fox Project - 2025 Exploration Program - From September 5 to October 5, 2025, the company completed 18 diamond core drill holes totaling 2,175.5 metres, focusing on resource expansion at the RC and BN zones [1][3] - All drill holes intersected calc silicate, the main host rock for tungsten mineralization, with variable concentrations of scheelite observed [3][4] - Drilling at the RC south zone has expanded the calc silicate horizon to the southwest and is open to the west beneath Deception Mountain [3][9] RC Zone Details - The RC zone measures approximately 400 metres by 175 metres and is a gently dipping tabular body with thickness ranging from 5 to 25 metres [5] - A total of 14 diamond core drill holes were completed at the RC zone, totaling 1,304.5 metres drilled, with an average hole depth of approximately 92 metres [6][7] - The drilling confirmed geological continuity of the calc silicate from surface to approximately 50 metres in thickness westward, expanding it 250 metres southward towards the BN zone [9] BN Zone Details - The BN zone consists of three stacked calc silicate horizons, with the middle horizon being the best defined and containing most of the current resource [12][13] - Four diamond core drill holes were completed at the BN zone, totaling 871.0 metres drilled, with an average hole depth of approximately 218 metres [14] - Drillholes intersected multiple horizons of calc silicate, supporting the model of stacked horizons at depth, indicating potential for mineralization to be open to the north and northwest [15][16] Resource Estimates - The 2018 NI43-101 Resource Estimate for the Fox Tungsten Project included an Indicated Resource of 582,400 tonnes at 0.826% WO3 and an Inferred Resource of 565,400 tonnes at 1.231% WO3 [2][20] - The current drilling program aims to further define and expand these resources, with selected core intervals sent for assay [10][16] Future Plans - The company plans follow-up drilling between the RC and BN zones, at the BK zone, and to the west beneath Deception Mountain, as well as conducting more geological and surface work [25]

Core Insights - Nova Minerals Limited has secured a significant funding of US$43.4 million (A$65.5 million) from the U.S. Department of War to support the development of an integrated antimony supply chain in Alaska, highlighting the strategic importance of its Estelle Project [2][16][30] - The company is actively advancing its dual-commodity strategy, focusing on both gold and antimony assets, with ongoing drilling and exploration programs [5][12][19] Financial Position - As of the end of September 2025, the company has access to over A$86.3 million in funding, including A$17.5 million in cash and approximately A$3.3 million in liquid investments [30] - The company raised US$12.1 million (A$18.4 million) in July 2025 through a U.S. offering to fund drilling and exploration programs [30] Estelle Project Developments - The Estelle Project has seen active drilling and surface exploration programs in 2025, with assay results pending [2][12] - The West Susitna Access Road project is progressing, aimed at improving access and reducing mining costs, with construction planned to commence in 2025 [4][5] Antimony Assets - The U.S. Department of War's funding will support the extraction, concentration, and refining of stibnite to produce military-grade antimony trisulfide, enhancing U.S. defense capabilities [16][18] - Nova has commenced resource drilling and stockpiling surface antimony ore, with plans to begin production of antimony trisulfide by 2026 [19][22] Gold Assets - The company is advancing over 20 gold prospects, including four defined multi-million ounce deposits, with ongoing drilling at the RPM North area [8][12] - Recent drilling at the Korbel site targeted a potential higher-grade starter pit, with assay results expected soon [10][12] Strategic Partnerships and Support - Strong backing for the Estelle Project has been demonstrated through engagements with federal, state, and local stakeholders, including visits from U.S. Senator Lisa Murkowski and Alaska Governor Mike Dunleavy [5][19] - The company made a strategic investment of 7.8% in Adelong Gold Limited, enhancing its position in the gold-antimony sector [30]

Core Viewpoint - The company *ST Zhengping has experienced a significant stock price increase of 107.81% from September 1, 2025, to October 22, 2025, with 17 days of trading suspension and 5 instances of abnormal trading fluctuations [1] Group 1: Company Developments - The company's wholly-owned subsidiary, Golmud Shengguang Mining Development Co., Ltd., has obtained a mining license from the Qinghai Provincial Department of Natural Resources [1] - The company faces challenges in mining capacity, requiring substantial investment for future resource development and operations [1] Group 2: Financial Condition - As of June 30, 2025, the company's cash funds amounted to 101,723,487.39 yuan, with 81,664,227.39 yuan restricted due to various factors such as migrant workers' account deposits and litigation freezes [1] - The company's debt-to-asset ratio stands at 92.22%, indicating a high level of financial leverage [1] Group 3: Uncertainties and Risks - The future progress of mineral resource development and the potential for generating revenue are subject to significant uncertainties due to factors such as funding constraints, market conditions, industry policies, external environments, and personnel shortages [1]

Core Viewpoint - TRX Gold Corporation reported record gold production and sales in Q4 2025, driven by improved access to higher-grade ore and favorable gold prices, positioning the company for future growth [1][2]. Production and Sales - In Q4 2025, TRX Gold achieved record production of 6,404 ounces and sales of 6,977 ounces of gold, representing a 37% increase in production compared to Q3 2025 [4]. - The average market price for gold was approximately $3,350 per ounce in Q4 2025 and $2,973 for the fiscal year 2025 [4]. Financial Performance - The adjusted working capital ratio improved from approximately 0.8 on May 31, 2025, to approximately 1.2 on August 31, 2025, indicating a positive shift in the company's financial health [4]. - As of August 31, 2025, the cash balance was approximately $7.8 million, an increase of about $1.2 million from Q3 2025, and the company fully repaid short-term borrowings of approximately $3.0 million [4]. Operational Developments - The run of mine (ROM) stockpile increased from approximately 9,275 ounces of contained gold on May 31, 2025, to an estimated 15,162 ounces as of August 31, 2025, reflecting ongoing investments in mine infrastructure and development [4]. - The company is optimizing and expanding the processing plant in line with the Preliminary Economic Assessment (PEA) filed in Q3 2025, with plans for enhancements to improve gold recoveries [4]. Future Outlook - The PEA outlines an average gold production of 62,000 ounces per annum over 17.6 years, with a pre-tax NPV of $701 million at an average life of mine gold price of $2,296 per ounce [5]. - The leadership team is focused on increasing gold production to generate positive cash flow for funding expansion and growing mineral resources through exploration [5].

Core Viewpoint - Cornish Metals Inc. has released an updated Preliminary Economic Assessment (PEA) for its South Crofty tin project, highlighting its strong economic viability and potential to be the first primary tin producer in Europe or North America [1][4]. Project Development - The project has accelerated following a successful £57 million fundraising, which included investments from the UK's National Wealth Fund and Vision Blue Resources [2]. - A detailed capital expenditure (capex) review has been conducted, incorporating process design and plant layout [2][3]. - On-site construction is already underway, with key assumptions validated and project parameters optimized [3]. Economic Metrics - The updated PEA indicates an after-tax Net Present Value (NPV6%) of £180 million (approximately US$235 million) and an Internal Rate of Return (IRR) of 20% [4]. - The All-In Sustaining Cost (AISC) is estimated at approximately US$14,500 per tonne over the Life of Mine (LOM), positioning South Crofty in the lowest quartile of the industry cost curve [4]. - Pre-production capital costs are estimated at £198 million, with a payback period of 3.3 years and an average annual EBITDA of approximately £70 million in the first five years of full production [4][6]. Resource and Production Outlook - The current Mineral Resource supports a 14-year LOM, with potential for expansion as the resource remains open at depth and along strike [5][8]. - The project aims to restart underground resource conversion and expansion drilling alongside mine construction, targeting a continuation of historical resource replacement trends [5][8]. - The average annual tin production is projected to be approximately 4,700 tonnes in the first five years, contributing to a total LOM tin production of slightly above 49,000 tonnes [30][45]. Community and Government Support - The project is backed by the UK Government's Critical Minerals Strategy, with expectations to create over 300 direct jobs and an additional 1,000 indirect jobs [11][55]. - A human resources plan includes establishing an on-site training center to develop local talent for mine operations [11]. Environmental and Operational Considerations - South Crofty is designed as a low-impact underground operation with no surface tailings disposal, utilizing 100% renewable electricity supply [12][55]. - The project incorporates best practices for safety and productivity, including real-time monitoring systems [10].

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].