Financial Data and Key Metrics Changes - Ore Royalty earned 19,700 GEOs in Q2 2025, a modest increase from Q1, on track to meet the full year guidance of 80,000 to 88,000 GEOs [3] - Quarterly revenues reached $60.4 million, an increase compared to the same period last year, driven by higher commodity prices [6] - Net earnings improved to $0.17 per basic common share, a significant year-over-year improvement from a loss in the previous year [6] - Cash flow per share increased to $0.27 from $0.21 in Q2 of last year, and adjusted earnings rose to $0.18 from $0.13 [6] - The company ended Q2 with $49.6 million in cash and achieved a net cash position for the first time in several years [4] Business Line Data and Key Metrics Changes - Over 93% of GEOs earned came from precious metals, with a modest increase in copper contribution primarily from the CSA mine [6][7] - Canadian Malartic had a strong quarter, with expectations for continued performance in the second half of the year [8] - Mantos Blancos production was flat year-over-year, with expectations for silver grades to improve in the second half [8][9] Market Data and Key Metrics Changes - The gold-silver ratio tightened to approximately 89:1 from highs of 105:1 earlier in the year, indicating potential leverage for investors in silver [11] - Ore Royalty's revenues were predominantly generated from Tier one mining jurisdictions, including Canada, the U.S., and Australia [12] Company Strategy and Development Direction - The company is focused on disciplined capital allocation to pursue high-quality accretive streams and royalties [30] - Ore Royalty aims to enhance its portfolio with producing assets while remaining selective about development stage royalties [37] - The company is optimistic about the potential of the second shaft at Odyssey, which could significantly increase gold production [25] Management's Comments on Operating Environment and Future Outlook - Management expects a stronger second half of 2025, with Canadian Malartic and Nandimi contributing to increased GEO sales [33][34] - The corporate development team is stretched to capacity, focusing on high-quality assets that will contribute to GEOs within the next five years [38] - The company is optimistic about the Cariboo project and its potential contributions to future revenue [51] Other Important Information - Ore Royalty declared and paid a quarterly dividend of $0.55 per share, marking its 43rd consecutive dividend [5] - The company has a total debt of just under $36 million and a net cash position of $14 million, with potential liquidity exceeding $900 million [16][30] Q&A Session Summary Question: Can you provide more color on the second half of this year and where the incremental GEO sales are coming from? - Management expects most of the increase to come from Canadian Malartic and Mantos Blancos, with additional contributions from Nandimi [33][34] Question: Is there a preference for producing versus development stage royalties? - The first preference is for accretive deals on producing assets, but the company is also looking at high-quality development assets that will contribute within five years [36][38] Question: What criteria are considered for the new five-year guidance? - Key criteria include confidence in asset contributions to GEOs, financing visibility, and social license [42][45] Question: How does the company view larger transactions in the $1 billion range? - The company is open to significant transactions if they meet economic returns for shareholders, with $900 million in available liquidity [47] Question: What is the current status of Elliott's holdings? - The last public disclosure indicates Elliott owns 2.2 million shares, with no further updates available [63][65]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Viewpoint - Questcorp Mining Inc. has commenced its maiden drilling program at the La Union Gold & Silver Project in Mexico, marking a significant milestone in the project's development [2][5]. Exploration and Drilling Program - The drilling program aims to evaluate the scale of alteration and indications of a mineralized system across more than four different areas, with initial drilling focusing on stratigraphic and orientation purposes [6][7]. - The initial phase of the drill program will consist of one to three holes per area, totaling over 1,500 meters of diamond core drilling across six holes, each averaging 250 meters in depth [7][12]. - The program targets carbonate-hosted replacement deposit (CRD) styles of mineralization, with a focus on structural features that may have served as mineralizing conduits [7][12]. Historical Context and Project Background - The La Union Project has a history of exploration and production, having previously yielded 50,000 ounces of gold, but has never been drilled until now [5][10]. - The project is located in the western Sonora Gold Belt and has been advanced through surface access agreements and drill permitting, making it a turn-key exploration opportunity for Questcorp [8][9]. - Historical mining targeted upper oxide zones, while the underlying sulfide zones represent immediate drill targets for further exploration [10][12]. Financial Commitment and Strategic Partnerships - Questcorp has entered into a definitive option agreement with Riverside Resources, acquiring a 100% interest in the La Union Project, and has committed an initial C$1,000,000 for exploration, part of a larger C$5,500,000 work commitment [5][6]. - Riverside Resources has played a crucial role in advancing the project, consolidating mineral claims and conducting exploration work that has improved the understanding of the area's geology [4][9]. Geological Features and Mineralization Potential - The La Union Project features favorable limestone host rocks and extensive alteration footprints, with mineralization styles similar to those at the Hermosa Project in Arizona [11][12]. - The project is characterized by high-grade metal content, with highlight grades of 59.4 grams per metric tonne (g/t) gold and 833 g/t silver, indicating significant potential for large-scale discoveries [18].

Core Insights - Linde plc reported second-quarter 2025 adjusted EPS of $4.09, exceeding the Zacks Consensus Estimate of $4.03 and improving from $3.85 in the prior year [1][10] - Total revenues for the quarter reached $8,495 million, surpassing the Zacks Consensus Estimate of $8,353 million and increasing from $8,267 million year-over-year [1][10] Revenue and Profit Drivers - Strong quarterly results were driven by higher pricing and increased volumes, particularly from the Americas segment, with additional contributions from the EMEA segment [2] - The Americas segment's operating profit rose 4.3% to $1,209 million, aided by higher pricing and increased volumes in chemicals and energy markets, exceeding the Zacks Consensus Estimate of $1,188 million [3][10] - EMEA segment profit increased approximately 10.8% year-over-year to $780 million, driven by higher pricing despite lower volumes in metals and manufacturing, beating the Zacks Consensus Estimate of $726 million [4][10] - The APAC segment's profit grew from $474 million to $490 million, surpassing the Zacks Consensus Estimate of $475 million, supported by stable pricing [5] - Operating profit in the Engineering segment declined to $90 million from $96 million year-over-year, missing the Zacks Consensus Estimate of $100 million [5] Backlogs and Capital Investment - At the end of the second quarter, Linde's project backlog amounted to $10.3 billion, including a sale-of-gas backlog of $7.1 billion [6] - Capital expenditures for the second quarter were reported at $1.26 billion, with cash and cash equivalents of $4.8 billion and long-term debt of $19.7 billion [7] Future Guidance - For Q3 2025, Linde estimates adjusted EPS to be in the range of $4.10-$4.20, and for the full year 2025, it expects adjusted EPS to be between $16.30-$16.50 [8] - The company reiterated its full-year capital expenditure guidance to be between $5 billion and $5.5 billion [8]

Core Viewpoint - Eric Sprott's 2176423 Ontario Ltd. acquired a significant number of shares and warrants of Silver47 Exploration Corp. through a statutory plan of arrangement with Summa Silver Corp. [2] Group 1: Transaction Details - On August 1, 2025, 2176423 Ontario Ltd. acquired 10,383,434 common shares and 1,525,000 purchase warrants of Silver47 Exploration Corp. as part of the arrangement [2] - The arrangement allowed holders of Summa Silver Shares to receive 0.452 of a Silver47 Share for each Summa Silver Share held [2] Group 2: Ownership Changes - Prior to the arrangement, Sprott owned 22,972,200 Summa Silver Shares, representing approximately 15.3% of the outstanding shares on a non-diluted basis [3] - Following the arrangement, Sprott no longer holds any securities of Summa Silver and ceased to be an insider of the company [3] Group 3: Current Holdings in Silver47 Exploration - After the arrangement, Sprott beneficially owns 15,883,424 Silver47 Shares and 2,275,000 Silver47 Warrants, representing approximately 11.5% of the outstanding shares on a non-diluted basis [4] - Sprott's previous ownership in Silver47 was 5,500,000 shares, which was approximately 7.8% on a non-diluted basis [4] - Sprott has a long-term investment view and may acquire or sell additional securities of Silver47 Exploration depending on market conditions [4]

Core Viewpoint - Kootenay Silver Inc. has filed its first-ever Mineral Resource Estimate (MRE) for the Columba Silver Project, marking a significant milestone for the company and the project located in Chihuahua, Mexico [1][2]. Company Announcements - The technical report supporting the MRE is titled "Technical Report on the Maiden Mineral Resource Estimate for the Columba Ag-Pb-Zn Project" and is available on SEDAR+ and the company's website [2]. - Drilling activities at the Columba project have recommenced, marking the seventh phase of drilling since 2019, aimed at extending mineralized zones [3]. Mineral Resource Estimate Highlights - The MRE indicates Inferred Mineral Resources of 5.92 million tonnes (Mt) with an average grade of 284 grams per tonne (gpt) silver, 0.19% lead, and 0.50% zinc, totaling approximately 54.1 million ounces (Moz) of silver, 25.2 million pounds (Mlbs) of lead, and 65.6 Mlbs of zinc [4][5]. - The estimate is based on a cut-off grade of 150 gpt Ag, considering a metal price of US$26.00/oz Ag, a mining cost of US$60.00/t rock, and processing costs of US$45.00/t mineralized material [4][10]. Geological Context - The Columba project is characterized as a high-grade epithermal vein system, with a surface extent of mapped veins measuring approximately 4 kilometers by 3 kilometers and a vertical extent of at least 350 meters [12][13]. - The veins are believed to have potential depths exceeding 700 meters, with all veins remaining open to depth [13][14]. Historical Context - Prior to Kootenay Silver's involvement, the Columba project had not seen exploration for nearly 40 years, with historical mining occurring in the early 1900s and a brief period from 1958 to 1960 [16][17]. Exploration and Development - Kootenay Silver has conducted over 53,000 meters of drilling across more than 200 holes, supported by detailed mapping and surveys [17]. - The company holds a 24-year surface access agreement covering all mineralized areas drilled to date, allowing for both exploration and exploitation [17].

Core Viewpoint - The merger between Silver47 Exploration Corp. and Summa Silver Corp. has been completed, creating a leading high-grade silver exploration and development company focused on the U.S. market [1][2]. Company Overview - The combined company will operate under the name "Silver47 Exploration Corp." and will focus on high-grade silver projects in Alaska, Nevada, and New Mexico [1][2]. - The merger consolidates significant mineral resources, totaling approximately 10 million ounces of indicated silver equivalent (AgEq) at 333 g/t and 236 million ounces of inferred AgEq at 334 g/t [2][8]. Strategic Rationale - The merger combines Silver47's Red Mountain project with Summa's Hughes and Mogollon projects, enhancing the scale and appeal of the combined company to investors [7][8]. - The transaction is expected to accelerate growth by consolidating resources and positioning the company to benefit from renewed interest in U.S. mineral development [2][11]. Shareholder Benefits - Shareholders of Summa received 0.452 common shares of Silver47 for each Summa share held, resulting in Summa becoming a wholly-owned subsidiary of Silver47 [3][4]. - The combined company is anticipated to have improved visibility and access to capital, appealing to institutional investors [11]. Resource Summary - The combined mineral resource summary includes: - Inferred resources from Silver47's Red Mountain project: 15.6 million tonnes at 336 g/t AgEq, totaling 36 million ounces [10]. - Indicated resources from Summa's Hughes project: 1 million tonnes at 333 g/t AgEq, totaling 5.8 million ounces [10]. - Inferred resources from Summa's Hughes and Mogollon projects, contributing significantly to the overall resource base [10][12]. Management and Team - The management team will include Gary R. Thompson as Executive Chairman, Galen McNamara as CEO, and Martin Bajic as CFO, with a board comprising experienced members in capital markets and mining [26][39]. Financing and Advisory - Prior to the merger, Summa's subscription receipts converted into Silver47 shares, resulting in the issuance of 12,475,400 shares and warrants for additional shares [27][29]. - Haywood Securities Inc. and Eventus Capital Corp. acted as financial advisors for the transaction [37].

Core Points - Silver North Resources Ltd. has successfully closed its non-brokered private placement, raising a total of $370,050 from the sale of 2,467,000 HD Units at a price of $0.15 per unit [2][3] - Each HD Unit consists of one common share and one-half of a common share purchase warrant, with the warrants exercisable at $0.35 per share for a period of 48 months [2][3] - The proceeds from the HD Unit Offering will be allocated for general and administrative expenses and project pipeline development [3] Flow-Through Unit Offering Update - The flow-through unit offering has been fully subscribed, raising aggregate gross proceeds of $2,100,000 from the sale of FT Units at a price of $0.21 per unit [4] - Each FT Unit will also consist of one common share and one-half of a common share purchase warrant, with similar terms as the HD Units [4] - The FT Unit Offering is expected to close in mid-August, and certain purchasers may donate or sell their FT Units to third-party investors [4] Company Overview - Silver North Resources Ltd. owns the Haldane Silver Project, Tim Silver Project, and GDR project, with plans to acquire additional silver properties in favorable jurisdictions [6] - The company is listed on the TSX Venture Exchange under the symbol "SNAG" and trades on the OTCQB market in the United States under the symbol "TARSF" [7]

Vancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - Orestone Mining Corp. (TSXV: ORS) (OTC Pink: ORESF) (FSE: O2R2) ("the Company") is pleased to provide an update of corporate activities and an overview of exploration activities on the Company's gold, silver and copper properties. Francisca Gold-Silver Project, Salta, Argentina Orestone signed an Option Agreement covering the Francisca property during the first quarter of 2025. We are preparing to initiate a Phase I exploration program in the t ...

Acquisition Details - Cartier Silver Corporation has acquired 50% of the capital quotas of Empresa Minera Gonalbert S.R.L. and Empresa Minera Segovia S.R.L. through its subsidiary, Minera Cartier Bolivia S.R.L. [1] - The acquisition was completed for a total consideration of US$800,000, with staged payments as per an agreement dated December 12, 2022 [2] - Cartier Bolivia has the option to acquire 100% of the Vendors' capital quotas for an aggregate consideration of US$4.5 million, to be paid in staged payments by June 12, 2028 [2] Equity Interest Transaction - A separate transaction involved a Bolivian-based party acquiring a 15% equity interest in Cartier Bolivia for US$500,000, paid in cash on July 21, 2025 [3] Company Overview - Cartier Silver Corporation focuses on the exploration and development of silver property assets, including the Chorrillos Project in southern Bolivia [4] - The company also holds significant iron ore resources at Gagnon Holdings in Quebec and the Big Easy gold property in Newfoundland & Labrador [4]