Increase reflects strong market conditions, enhanced project economics, and lender confidenceMONTREAL, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FRA: CM5R) (“Troilus” or the “Company”) is pleased to announce that it has increased its previously announced debt financing mandate from US$700 million to up to US$1 billion (see March 13, 2025, press release). The financing, led by a syndicate of leading global financial institutions, including Societe Generale, KfW IPEX-Bank, ...

Ivanhoe Electric has received credit approval for a $200m senior secured multi-draw bridge facility, marking a key step in financing the Santa Cruz copper project in Arizona, US. The facility, approved for Ivanhoe Electric subsidiary Mesa Cobre Holding, will provide enhanced liquidity to support early construction activities and working capital requirements at the Santa Cruz copper project. The banking syndicate consists of National Bank Capital Markets, Société Générale and BMO Capital Markets, serving ...

Financial Data and Key Metrics Changes - For the third quarter ended September 30, 2025, the company reported a net loss of $6.1 million, compared to a loss of $4.8 million during the same quarter in 2024 [12] - General and administrative expenses increased by $0.3 million, primarily due to higher employee-related expenses as the company expands its team [12] - Share-based compensation expense rose by $0.9 million, reflecting a focus on aligning employee compensation with share performance [13] - The company ended the quarter with cash and working capital positions of $32.1 million and $29 million, respectively [14] Business Line Data and Key Metrics Changes - The South West Arkansas (SWA) Project is expected to have an initial production capacity of 22,500 tons per annum of battery-quality lithium carbonate, with proven reserves of 447,000 LCE tons over a 20-year operating life [3] - The DFS for the SWA project indicates a 20.2% unlevered pre-tax IRR and competitive average operating costs of about $4,500 per ton [4] - The Franklin Project in East Texas has an inferred resource report highlighting 2.2 million tons LCE of lithium at an average grade of 668 mg/L [5] Market Data and Key Metrics Changes - The company closed an underwritten public offering of 29.9 million common shares at a price of $4.35 per share, generating gross proceeds of approximately $130 million [6] - The company received strong support from institutional investors, underscoring confidence in its strategy and asset quality [6] Company Strategy and Development Direction - The company aims to reach production of over 100,000 tons of lithium chemicals per year in Texas through multiple projects [5] - The company is focused on advancing towards a final investment decision (FID) for the SWA project, with construction expected to commence in 2026 and first production targeted in 2028 [4][11] - The company is also working on expanding its leasehold footprint in East Texas and moving towards a preliminary feasibility study for the Franklin Project [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the critical milestones achieved in the third quarter and the strong positioning of the company in the domestic lithium supply chain [17] - The company is actively working on project financing and customer offtake processes, with a goal to finalize these before year-end [18] Other Important Information - The company appointed Michael Lutgring as General Counsel to strengthen its leadership team [6] - The company is in the final stages of selecting contractors for the construction of its central processing facility and well field [10] Q&A Session Summary Question: How does the $40 million FID payment structure work? - The payment is triggered as soon as the JV board decides to take FID and move forward with the SWA or East Texas projects, with Equinor owing Standard Lithium $40 million upon FID approval [22] Question: If the FID is made and later changes, does Standard Lithium still receive the $40 million? - Yes, the payment is secured upon taking FID, and it is unlikely that the company would back out after making the decision [23]

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG, OTCQX: CHXMF; FSE: CM5R) is pleased to announce that it has entered into an agreement with Desjardins Capital Markets, Cormark Securities Inc., and Haywood Securities Inc. (together, the “Co-Lead Underwriters”) and, on behalf of themselves and a syndicate of underwriters (collectively, together with the Co-Lead ...

Cabral Gold Secures US$45 Million Gold Loan to Fully Fund Heap Leach Starter OperationBoard of Directors Approves Construction DecisionOctober 16, 2025 7:32 AM EDT | Source: Cabral Gold Inc.Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - Cabral Gold Inc. (TSXV: CBR) (OTCQB: CBGZF) ("Cabral" or the "Company") is pleased to announce that the Company has executed a gold loan agreement with Precious Metals Yield Fund, (the "Lender") with a principal amount of US$45,000,000 and a ...

Group 1 - Pasofino Gold will present at the Centurion One Capital 2nd Annual Bahamas Summit on October 22-23, 2024, at the Rosewood Baha Mar Hotel in Nassau, Bahamas [1][3] - CEO Brett Richards will present on October 28, 2024, and will address investor questions during the summit [2] - The company is updating the 2022 feasibility study for the Dugbe gold project in Liberia, aiming to improve gold recovery rates from 83% to 90% and align the study with current higher gold prices [2] Group 2 - The Bahamas Summit will feature presentations from various public and private companies, attracting venture capitalists, family offices, private equity firms, high net worth individuals, and institutional investors [3][4] - The event will include presentations, Q&A sessions, panel discussions, and one-on-one investor meetings [4] - Centurion One Capital is an independent investment banking firm focused on supporting growth companies in North America [4] Group 3 - Pasofino Gold is a Canadian mineral exploration company listed on the TSX Venture Exchange, owning 100% of the Dugbe Gold Project [6]

Core Points - NexGold Mining Corp. has entered into a royalty agreement with Appian Capital Advisory Limited for its Goldboro gold project, receiving US$24 million for a 2.9% net smelter returns royalty on minerals produced until 1,250,000 ounces of gold or equivalent is reached, after which it will only cover gold production [2][5][6] - The company has also signed a non-binding letter of intent for a senior secured credit facility of up to US$175 million from Appian for the development of the Goldboro Gold Project [3][12] Royalty Transaction Details - The royalty agreement includes a US$24 million upfront payment and a 2.9% net smelter returns royalty on all minerals produced until the threshold is met, after which it will only apply to gold [5][6] - The company retains the option to buy back 1.9% of the royalty, subject to certain conditions, and plans to use the proceeds to pay off existing debt and advance the project [6][8] - The transaction is expected to close by the end of September 2025, pending customary closing conditions [11] Project Financing - The non-binding letter of intent with Appian outlines a potential senior secured credit facility of up to US$175 million for the Goldboro Gold Project [3][12] - The completion of the project financing is subject to negotiation and execution of definitive transaction documents and board approvals from both parties [13] Strategic Partnership - The partnership with Appian is seen as a strategic move to secure non-dilutive capital for project advancement and to improve the company's balance sheet [4][6] - Appian has conducted extensive due diligence on the Goldboro Gold Project, indicating confidence in the project's potential [4]

Australian mining company Orion Minerals has revealed that its subsidiary, Prieska Copper Zinc Mine (PCZM), has entered into a non-binding term sheet agreement with a subsidiary of Glencore. This agreement is for financing ranging from A$200m ($132.5m) to A$250m and concentrate offtake for the Prieska project in South Africa. The funding for PCZM will be structured into two separate tranches. Tranche A, amounting to A$40m, will be allocated for the construction and start-up of the Uppers at Prieska. Tr ...

Grangex (6MV) Update - Key Points Summary Company Overview - **Company**: Grangex AB - **Project**: Sydvaranger Restart Project - **Focus**: Definitive Feasibility Study (DFS) for the Sydvaranger mine Core Insights and Arguments - **Completion of DFS**: The DFS has been completed on time and within budget, confirming the techno-economic viability of the Sydvaranger project, with significant improvements over the Preliminary Economic Assessment (PEA) conducted earlier in January 2025 [4][11] - **Net Present Value (NPV)**: The pre-tax NPV has increased to $1.5 billion, a significant jump from previous estimates, indicating strong economic metrics for the project [5][11] - **Internal Rate of Return (IRR)**: The IRR is reported at 9.2%, slightly lower than previous estimates due to the acceleration of capital expenditures (CapEx) to enhance project execution [5][13] - **Mine Life Extension**: The mine life has been extended from 19 years to 25 years, adding approximately six years of operational capacity [12][22] - **Production Capacity**: The concentrate production has increased from 53.8 million tons to 63.3 million tons, reflecting enhanced resource estimates [12][14] - **Operating Costs**: Life-of-mine operating costs have decreased to $56.1 per ton of concentrate, down from $61.8 per ton in the PEA, showcasing improved cost efficiency [25][26] Financing and Operational Plans - **Financing Strategy**: The DFS serves as a foundation for securing financing for the final investment decision (FID) expected by the end of 2025 [6][53] - **First Shipment**: The first commercial shipment is anticipated by November 2026, allowing the project to become cash flow positive early in its operational phase [6][12] - **Project Execution Skills**: Grangex emphasizes its unique in-house capabilities for project execution, covering all aspects from geology to logistics and sales [7][8] Environmental, Social, and Governance (ESG) Considerations - **ESG Standards**: Grangex adheres to high ESG standards, with a comprehensive understanding of environmental and social impacts, including water management, waste management, and stakeholder engagement [31][33] - **Permitting Status**: All necessary permits for the project restart in 2026 are in place, including environmental and mining permits [34][35] - **Environmental and Social Impact Assessment (ESIA)**: Grangex is committed to completing an ESIA to consolidate previous studies and ensure a thorough understanding of environmental impacts [36][41] Additional Noteworthy Points - **Independent Consultants**: The DFS was managed by SLR Consulting UK Ltd, ensuring compliance with Canadian standards (NI 43-101) and enhancing credibility [5][11] - **Market Forecasting**: Independent market forecasts have been conducted to assess pricing and market conditions, supporting the financial model [8][10] - **Community Impact**: The project is expected to provide economic benefits to the local community in Kirkenes and the municipality of Sydvaranger, acting as a significant economic driver for the region [55][56] Conclusion - The Definitive Feasibility Study marks a critical milestone for Grangex, demonstrating the project's viability and setting the stage for financing and operational execution. The improvements in economic metrics, mine life, and production capacity, alongside a strong commitment to ESG principles, position Grangex favorably for future developments in the Sydvaranger project [53][60]

Core Viewpoint - Perpetua Resources Corp. has successfully closed a US$325 million public offering and a US$100 million private placement to fund the development of its Stibnite Gold Project, aiming for comprehensive financing to support construction and operational costs [1][3][4]. Financing Details - The public offering consisted of 24,622,000 common shares priced at US$13.20 each, while the private placement involved 7,575,757 common shares sold to Paulson & Co. Inc. [1][9] - The proceeds from both offerings will be used for equity requirements related to a US$2 billion project financing application submitted to the Export-Import Bank of the United States (EXIM) [3][4]. Project Development - The Stibnite Gold Project is projected to require total construction costs of US$2.2 billion, with additional funds allocated for cost overruns, debt service, and exploration activities [4]. - The company is in advanced discussions for a US$155 million guarantee related to reclamation bonds, which is essential for meeting financial assurance requirements [5]. Regulatory and Permitting Status - The company anticipates that securing the necessary financial assurance will enable it to receive the USFS notice to proceed with construction under the approved plan of operation [5]. - The remaining state permits required for construction are expected to be issued in summer 2025 [5]. Underwriters and Additional Offerings - The underwriters have an option to purchase an additional 3,693,300 common shares, which could increase the total gross proceeds of the offering to approximately US$374 million if fully exercised [6]. Company Background - Perpetua Resources focuses on the exploration and redevelopment of gold-antimony-silver deposits in Idaho, with the Stibnite Gold Project being one of the highest-grade open-pit gold deposits in the U.S. [10]. - The project aims to restore an abandoned mine site while producing gold and the only mined source of antimony in the U.S., which is critical for national defense [10].