Category: Natural Resources

Release – Nicola Mining Commences Long-Term Production Of Gold And Silver

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Research News and Market Data on HUSIF

July 9, 2025

News Releases

VANCOUVER, BC, July 9, 2025 – Nicola Mining Inc. (the “Company” or “Nicola”) (TSX: NIM) (OTCQB: HUSIF) (FSE: HLIA) is pleased to announce that it has commenced production of gold and silver concentrate at its wholly owned Merritt Mill, located approximately 15 kilometers from Merritt, British Columbia. In a news release dated July 18, 2024, Nicola announced the processing of a bulk sample mill feed from Talisker Resources Ltd. (TSX: TSK) (OTCQX: TSKFF) (“Talisker”).  The current announcement marks the transition to a long-term production plan.  

Following extensive upgrades—including automation, gravity separation, and water recirculation systems that underscore the Company’s commitment to the environmental stewardship—Nicola is positioned to become a leading milling hub for high-grade gold and silver in British Columbia.  In addition to Talisker, Nicola has entered into a partnership with Blue Lagoon Resources (CSE: BLLG) (OTCQB: BLAGF) (FSE: 7BL) and is preparing to commence bulk sample production at Dominion Creek Gold Project, which Nicola holds a 75% economic interest.  

Receiving Talisker’s ore via Stromsten Enterprises

On July 7, 2025, Talisker announced the shipment of approximately 3,100 tonnes of high-grade gold ore from the Mustang Project to Nicola’s Merritt Mill (also known as the Craigmont Mill) for processing. 

Talisker is actively developing the 1060, 1075, 1105 and 1120 levels. In-vein development is underway on the BK vein at the 1075 level, and both on the BK and BK9870 veins at the 1105 Level.

Talisker also commenced long-hole drilling in preparation for the mining and extraction of the first stope, with extraction expected to begin later  this week.

Mr. Peter Espig, CEO of Nicola Mining Inc., commented: “We are extremely pleased to have commenced long-term production with Talisker and recognize the significant achievements made to date.  Securing mining permits, raising capital, and executing on a mine plan require dedicated commitment.  Nicola’s ability to enter into multiple agreements highlights the strategic importance of our M-68 Mine Permit and underscores British Columbia’s accelerated commitment to advancing wellmanaged mining projects.”  

Qualified Person

Cameron Lilly, P. Eng., the Company’s Mill Manager, is the Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and supervised the preparation of, and has reviewed and approved, the technical information in this release.

About Nicola Mining

Nicola Mining Inc. is a junior mining company listed on the Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high grade gold projects. Nicola’s fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.

The Company owns 100% of the New Craigmont Project, a high-grade copper property, which covers an area of over 10,800 hectares along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper, Canada’s largest copper mine. The Company also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease, spanning an area exceeding 2,200 hectares.

On behalf of the Board of Directors

“Peter Espig”  
Peter Espig
CEO & Director

For additional information
Contact:  Peter Espig
Phone: (778) 385-1213 
Email: info@nicolamining.com
URL: www.nicolamining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Release – Century Lithium Commends First Phosphate in Making LFP Battery Cells Using Century Lithium Material

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Research News and Market Data on CYDVF

July 8, 2025 – Vancouver, Canada – Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) (“Century Lithium” or “the Company”) congratulates First Phosphate Corp. (“First Phosphate”) (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) on successfully producing commercial-grade lithium iron phosphate (“LFP”) 18650 format battery cells, as reported in First Phosphate’s news release on July 7, 2025. The LFP cathode and anode materials for the First Phosphate 18650 LFP battery cells were produced using North American critical minerals, which included lithium carbonate derived from Century’s Angel Island and produced at Century’s Demonstration Plant in Nevada, USA, as well as high-purity phosphoric acid and iron powder from First Phosphate’s Bégin-Lamarche property in Quebec, Canada.

 “Century Lithium is very pleased that First Phosphate found our lithium carbonate suitable for use in producing LFP battery cells,” said Bill Willoughby, Century Lithium President and CEO. “Century Lithium continues to advance Angel Island through permitting, engineering, and innovation at the Company’s Demonstration Plant in Nevada. We see a bright future for lithium-based chemistries. We believe LFP batteries, in particular, will have an important place in the future of mobile and stationary energy storage systems. We look forward to continuing to support First Phosphate as we work together to strengthen the North American supply chain.”

The LFP 18650 battery cells were assembled for First Phosphate by Ultion Technologies Inc. at their pilot facility in Las Vegas, Nevada.

The production process can be viewed at: firstphosphate.com/NorthAmericanBatteryCells

ABOUT FIRST PHOSPHATE CORP.

First Phosphate Corp. is a mineral development company focused on producing high purity phosphoric acid and iron powder for the Lithium Iron Phosphate (“LFP”) battery industry from its properties in Quebec, Canada. First Phosphate’s industry partners include American Battery Factory Inc., developer of a planned LFP battery gigafactory in Tucson, Arizona, and Ultion Technologies Inc. a battery technology company specializing in LFP battery materials and cells. First Phosphate obtained interest in financing its production of purified phosphoric acid from the Export-Import Bank of the United States (“EXIM”) (firstphosphate.com/exim) and is working towards funding from the United States Department of Defense (“DoD”) Defense Industrial Base Consortium (“DIBC”) (firstphosphate.com/DOD-white-paper).

To learn more about First Phosphate Corp., please visit firstphosphate.com

ABOUT CENTURY LITHIUM CORP.

Century Lithium Corp. is an advanced stage lithium company, focused on developing its wholly owned Angel Island project in Esmeralda County, Nevada, which hosts one of the largest sedimentary lithium deposits in the United States. The Company has utilized its patent-pending process for chloride leaching combined with direct lithium extraction to make battery-grade lithium carbonate product samples from Angel Island’s lithium-bearing claystone on-site at its Demonstration Plant in Amargosa Valley, Nevada.

Angel Island is one of the few advanced lithium projects in development in the United States to provide an end-to-end process to produce battery-grade lithium carbonate for the growing electric vehicle and battery storage market. Angel Island is currently in the permitting stage for a three-phase feasibility-level production plan expected to yield an estimated life-of-mine average of 34,000 tonnes per year of carbonate over a 40-year mine-life.

To learn more, please visit centurylithium.com

ON BEHALF OF CENTURY LITHIUM CORP.

WILLIAM WILLOUGHBY, PhD., PE
President & Chief Executive Officer

For further information, please contact:
Spiros Cacos | Vice President, Investor Relations
Direct: +1 604 764 1851
Toll Free: 1 800 567 8181
scacos@centurylithium.com
centurylithium.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Cautionary Note Regarding Forward-Looking Statements

This release contains certain forward-looking statements within the meaning of applicable Canadian securities legislation. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” and similar expressions suggesting future outcomes or statements regarding an outlook.

Forward-looking statements relate to any matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, without limitation, statements with respect to the potential development and value of the Project and benefits associated therewith, statements with respect to the expected project economics for the Project, such as estimates of life of mine, lithium prices, production and recoveries, capital and operating costs, IRR, NPV and cash flows, any projections outlined in the Feasibility Study in respect of the Project, the permitting status of the Project and the Company’s future development plans.

These and other forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. These risks include those described under the heading “Risk Factors” in the Company’s most recent annual information form and its other public filings, copies of which can be under the Company’s profile at www.sedarplus.com. The Company expressly disclaims any obligation to update-forward-looking information except as required by applicable law. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place reliance on forward-looking statements or information. Furthermore, Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

Alliance Resource Partners (ARLP) – Outlook Remains Favorable, Increasing 2025 Estimates

Posted on by slightbourne@noblecapitalmarkets.com


Tuesday, July 08, 2025

ARLP is a diversified natural resource company that generates operating and royalty income from coal produced by its mining complexes and royalty income from mineral interests it owns in strategic oil & gas producing regions in the United States, primarily the Permian, Anadarko and Williston basins. ARLP currently produces coal from seven mining complexes its subsidiaries operate in Illinois, Indiana, Kentucky, Maryland and West Virginia. ARLP also operates a coal loading terminal on the Ohio River at Mount Vernon, Indiana. ARLP markets its coal production to major domestic and international utilities and industrial users and is currently the second largest coal producer in the eastern United States. In addition, ARLP is positioning itself as an energy provider for the future by leveraging its core technology and operating competencies to make strategic investments in the fast growing energy and infrastructure transition.

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Updating estimates. We are increasing our 2025 adjusted EBITDA and EPU estimates to $676.5 million and $2.55, respectively, from $672.6 million and $2.52. We increased our crude oil and natural gas price estimates based on CME futures settlements, which had a positive impact on oil and gas royalty revenue. Our 2026 adjusted EBITDA and EPS estimates are unchanged at $678.3 million and $2.60, respectively. While management expects the average coal sales price per ton to trend lower in 2026 due to higher-priced contracts rolling off, we think 2025 longwall moves and actions to improve productivity and cost effectiveness could help offset the impact of lower prices.

Recent legislation expected to benefit the fossil fuel industry. Following several executive orders earlier in the year intended to support the coal industry and delay coal power plant retirements, the Big Beautiful Bill (BBB) was signed into law on July 4 and is expected to benefit the fossil fuel industry. Among other things, the BBB phases out many of the clean energy tax credits established under the Inflation Reduction Act and creates a supportive environment for oil, gas, and coal production.


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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Royal Gold to Acquire Sandstorm Gold and Horizon Copper, Creating a Global Streaming and Royalty Powerhouse

Posted on by slightbourne@noblecapitalmarkets.com

In a landmark move set to reshape the metals royalty landscape, Royal Gold Inc. announced it will acquire Sandstorm Gold Royalties and Horizon Copper in two separate transactions valued at over $3.7 billion. The acquisitions will create a large-scale, highly diversified precious metals streaming and royalty company poised to lead the industry in both scale and growth potential.

Under the agreement with Sandstorm Gold Ltd., Royal Gold will acquire all outstanding Sandstorm shares in an all-stock transaction worth approximately $3.5 billion. Sandstorm shareholders will receive 0.0625 shares of Royal Gold for each Sandstorm share, representing a 21% premium to Sandstorm’s 20-day volume-weighted average price. Once completed, Sandstorm shareholders will own roughly 23% of the combined company.

Concurrently, Royal Gold will acquire Horizon Copper Corp. in an all-cash transaction valued at approximately $196 million. Horizon shareholders will receive C$2.00 per share—a substantial 85% premium to Horizon’s 20-day VWAP. These two deals are expected to close in the coming months, pending regulatory and shareholder approvals.

Strategic Synergies and Portfolio Expansion

The combined entity will emerge with a portfolio of 393 royalty and streaming assets, including 80 cash-flowing properties. Importantly, no single asset will represent more than 13% of the company’s net asset value, demonstrating a high level of diversification. Approximately 87% of the combined revenue will be derived from precious metals, with 75% from gold.

Notable producing assets include Mount Milligan in Canada, Pueblo Viejo in the Dominican Republic, Cortez in Nevada, and Andacollo in Chile. These high-quality, long-life operations provide a stable foundation for future cash flows. Development assets like MARA, Hod Maden, and Platreef promise significant organic growth.

Royal Gold expects to benefit from a strong balance sheet with minimal debt and robust free cash flow generation. The newly formed company will have the financial strength and scale to pursue additional growth opportunities, while enhancing its appeal to institutional investors.

Leadership Vision and Outlook

Sandstorm CEO Nolan Watson emphasized the strategic fit, highlighting that the merger delivers immediate value to shareholders while retaining exposure to future upside. He praised Sandstorm’s legacy of innovation and expressed confidence in Royal Gold’s ability to carry the torch forward.

Royal Gold CEO Bill Heissenbuttel echoed the sentiment, noting that the transactions align with the company’s long-standing strategy of disciplined growth in mining-friendly jurisdictions. He described the merger as a transformative step that creates an unmatched global portfolio of high-quality, long-life precious metal assets.

With enhanced scale, improved trading liquidity, and a proven track record of shareholder returns, the newly combined Royal Gold is expected to achieve a premium valuation and expanded market reach. Positioned as a top-tier vehicle for gold exposure in the U.S. marketplace, it is set to become a cornerstone in many institutional and retail investment portfolios.

Investors and analysts alike will be watching closely as this new chapter unfolds, marking a pivotal moment in the evolution of the royalty and streaming sector.

Release – Aurania Grants Stock Options Including Options in Lieu of Fees to Directors

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Research News and Market Data on AUIAF

July 01, 2025 7:19 AM EDT | Source: Aurania Resources Ltd.

Toronto, Ontario–(Newsfile Corp. – July 1, 2025) – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (“Aurania” or the “Company”) announces that its Board of Directors granted 2,465,000 stock options to directors, officers, employees and consultants (the “Optionees”) pursuant to the terms and subject to the conditions of the Company’s Incentive Stock Option Plan.

The 2,465,000 stock options were granted to directors, officers, employees and consultants on June 30, 2025, and have an exercise price of C$0.23. These options are exercisable for five years from the date of grant and the options shall vest in thirds on the date of grant and each of the first and second anniversaries of the dates of grant, always subject to the Optionee’s maintenance of continuous status as an employee, director, officer, consultant or service provider of the Company.

In addition to the options noted above, and as previously announced on March 31, 2025, the Directors of the Company agreed to receive their quarterly director fees for 2025 in the form of stock options in lieu of cash. On June 30th, 2025, each director was granted 27,000 stock options at an exercise price of $0.23. An aggregate of 108,000 stock options were granted to directors in lieu of their director fees for the second financial quarter of 2025. All such stock options will be exercisable for a period of three years from the date of grant and vested immediately upon grant. In the event a director intends to exercise such stock options, such director shall be solely responsible for paying the entirety of the exercise price.

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

info

SOURCE: Aurania Resources Ltd.

Comstock Set to Join Russell Microcap® Index

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Research News and Market Data on LODE

Virginia City, NV (June 30, 2025) — Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) announced today that it is set to join the Russell Microcap® Index at the conclusion of the 2025 Russell Microcap Index’s annual reconstitution, effective after the U.S. market opens on June 30, 2025. Membership in the Russell Microcap Index means automatic inclusion in the appropriate growth and value indexes. FTSE Russell determines membership for its indices primarily by objective, market-capitalization rankings and style attributes.

“Our representation in the Russell Microcap Index independently recognizes our progress and growing value and positions our already appreciating capital base for the next phase of our growth,” stated Corrado De Gasperis, Comstock’s Executive Chairman and CEO. “Our innovations and leadership in creating truly sustainable supply chains, across industries, is just getting realized, and we are truly grateful for this meaningful recognition.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $18.1 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell Microcap® Index, go to the “Russell Reconstitution” section on the FTSE Russell website.

About FTSE Russell

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit www.ftserussell.com.

About Comstock Inc.

Comstock Inc. (NYSE: LODE) innovates and commercializes technologies that are deployable across entire industries and contribute to energy abundance by efficiently extracting and converting under-utilized natural resources into reusable electrification metals, like aluminum, copper and silver, from end-of-life photovoltaics,.

To learn more, please visit www.comstock.inc.

Comstock Social Media Policy

Comstock Inc. has used, and intends to continue using, its investor relations link and main website at www.comstock.inc in addition to its X.com, LinkedIn and YouTube accounts, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

Contacts

For investor inquiries:
Judd B. Merrill, Chief Financial Officer
Tel (775) 413-6222
ir@comstockinc.com

For media inquiries:
Tracy Saville, Director of Marketing
Tel (775) 847-7573
media@comstockinc.com

Forward-Looking Statements  This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future market conditions; future explorations or acquisitions; divestitures, spin-offs or similar distribution transactions, future changes in our research, development and exploration activities; future financial, natural, and social gains; future prices and sales of, and demand for, our products and services; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land and asset sales; investments, acquisitions, divestitures, spin-offs or similar distribution transactions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; business opportunities, growth rates, future working capital, needs, revenues, variable costs, throughput rates, operating expenses, debt levels, cash flows, margins, taxes and earnings. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments, and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: adverse effects of climate changes or natural disasters; adverse effects of global or regional pandemic disease spread or other crises; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, and lithium, nickel and cobalt recycling, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration, metal recycling, processing or mining activities; costs, hazards and uncertainties associated with precious and other metal based activities, including environmentally friendly and economically enhancing clean mining and processing technologies, precious metal exploration, resource development, economic feasibility assessment and cash generating mineral production; costs, hazards and uncertainties associated with metal recycling, processing or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; challenges to, or potential inability to, achieve the benefits of business opportunities that may be presented to, or pursued by, us, including those involving battery technology and efficacy, quantum computing and generative artificial intelligence supported advanced materials development, development of cellulosic technology in bio-fuels and related material production; commercialization of cellulosic technology in bio-fuels and generative artificial intelligence development services; ability to successfully identify, finance, complete and integrate acquisitions, spin-offs or similar distribution transactions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, lithium, nickel, cobalt, cyanide, water, diesel, gasoline and alternative fuels and electricity); changes in generally accepted accounting principles; adverse effects of war, mass shooting, terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to list our securities on any securities exchange or market or maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund, or any other issuer.

Aurania Resources (AUIAF) – Promising New Data Highlights the Potential for a Significant Copper Discovery

Posted on by slightbourne@noblecapitalmarkets.com


Monday, June 30, 2025

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Application of two-dimensional inversion technology. Aurania Resources announced that six highly conductive anomalies have been revealed at the company’s Awacha porphyry copper target based on reprocessed data from a 2021 mobile magnetotellurics (MobileMT) survey using the latest two-dimensional (2D) inversion technology. Compared to the previously employed 1D algorithm, the 2.5D code accounts for the actual topography of the area, resulting in more accurate mapping of subsurface conductivity.

Six promising anomalies at Awacha. New inversion data has confirmed the presence of six high-conductivity anomalies that begin 250 meters from the surface and exhibit deep roots. The anomalies are of significant interest because zones of elevated conductivity often correlate with porphyry copper deposits due to the presence of conductive sulphide minerals and porphyry-related alteration.


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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Release – New Inversion Data Reveals Six Anomalies at Aurania’s Awacha Target

Posted on by aweinsoff@channelchek.com

Research News and Market Data on AUIAF

June 27, 2025 7:00 AM EDT | Source: Aurania Resources Ltd.

Toronto, Ontario–(Newsfile Corp. – June 27, 2025) – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (“Aurania” or the “Company”) reports that reprocessing Mobile MagnetoTellurics (MobileMT) data from the Company’s Awacha porphyry copper target in Ecuador using the latest 2D inversion technology has revealed six highly conductive anomalies.

In 2021, Aurania contracted Expert Geophysics Surveys Inc. to conduct a MobileMT airborne survey over the Awacha porphyry copper target area. At that time, Electromagnetic (EM) data inversion was performed using a one-dimensional (1D) algorithm. In recent years, EM inversion technology has significantly improved, particularly for areas with rugged terrain. As a result, Aurania recommissioned Expert Geophysics Surveys Inc. to reprocess the existing MobileMT data using the latest 2D inversion technology. The 2.5D code applied is more objective and comprehensive than the previous 1D technology, as it takes into account the actual topography of the area being investigated, yielding robust lateral and vertical resolution, resulting in more accurate mapping of the subsurface conductivity.

The new inversion data has confirmed the presence of six high-conductivity anomalies as shown in Figure 1. These conductive anomalies typically begin 250 metres from the surface and exhibit deep roots as seen in Figure 2. These anomalies are significant since zones of elevated conductivity often correlate with porphyry copper deposits due to the presence of electrically conductive sulphide minerals (pyrite, chalcopyrite and bornite) and porphyry-related alteration (phyllic and argillic zones).

The new MobileMT 2.5D inversion results will be integrated with data and field observations from the Anaconda mapping program that was completed at Awacha in 2024. Aurania has engaged porphyry copper expert, Dr. Steve Garwin, a Senior Technical Advisor (see press release dated April 19, 2022), to review the Anaconda mapping data to identify the most promising porphyry targets at the Awacha area. Dr. Garwin’s report and recommendations are expected in the coming weeks.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2477/257054_10219f4304bee802_001.jpg

Figure 1: MobileMT depth slice at 700 m above sea level showing six anomalies at the Awacha target area (red colour is high conductivity and blue colour is high resistivity).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2477/257054_10219f4304bee802_001full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2477/257054_10219f4304bee802_002.jpg

Figure 2: East-west cross section of the MobileMT 2.5D inversion at the Awacha target area (dashed line in Figure 1, looking north).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2477/257054_10219f4304bee802_002full.jpg

Qualified Persons:
The geological information contained in this news release has been verified and approved by Aurania’s VP Exploration, Mr. Jean-Paul Pallier, MSc. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, X (formerly Twitter) at https://x.com/AuraniaLtd , and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management’s current expectations and assumptions. The forward-looking information includes Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the tonnage and grade of mineralization which has the potential for economic extraction and processing, the merits and effectiveness of known process and recovery methods, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations, the commencement of any drill program and estimates of market conditions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to Aurania, including the assumption that, there will be no material adverse change in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including various local government licenses and the market. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; the inability to recover and process mineralization using known mining methods; the presence of deleterious mineralization or the inability to process mineralization in an environmentally acceptable manner; commodity prices, supply chain disruptions, restrictions on labour and workplace attendance and local and international travel; a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents; an inability to access financing as needed; a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Aurania; a failure to comply with environmental regulations; a weakening of market and industry reliance on precious metals and base metals; and those risks set out in the Company’s public documents filed on SEDAR+. Aurania cautions the reader that the above list of risk factors is not exhaustive. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

info

SOURCE: Aurania Resources Ltd.

Comstock (LODE) – Strategic Partnership with Virtus Renewables

Posted on by slightbourne@noblecapitalmarkets.com


Wednesday, June 25, 2025

Comstock (NYSE: LODE) innovates technologies that contribute to global decarbonization and circularity by efficiently converting under-utilized natural resources into renewable fuels and electrification products that contribute to balancing global uses and emissions of carbon. The Company intends to achieve exponential growth and extraordinary financial, natural, and social gains by building, owning, and operating a fleet of advanced carbon neutral extraction and refining facilities, by selling an array of complimentary process solutions and related services, and by licensing selected technologies to qualified strategic partners. To learn more, please visit www.comstock.inc.

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Strategic partnership with Virtus. Comstock Metals forged a strategic partnership with Virtus Renewables Service Group Inc. Comstock and Virtus will jointly develop and deliver comprehensive recycling, decommissioning, and logistics solutions designed to suit the specific needs of the renewable energy markets. The partnership enables a systemwide service offering with expanded industry reach to offer environmentally conscious solutions for renewable energy clients across the United States.

Mutual benefits. Virtus offers a comprehensive suite of operations, project management, and maintenance services for solar and battery storage projects. Combining Virtus’s end-to-end renewable energy service expertise with Comstock’s industry-leading, zero-landfill solution enhances its ability to serve the renewable energy market and benefit from a full lifecycle certification process that adheres to the highest standards of sustainability, reliability, and service. Comstock is the first solar panel recycling company in North America to be certified by Sustainable Electronics Recycling International (SERI) to the R2v3/RIOS Responsible Recycling Standard.


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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Nicola Mining Inc. (HUSIF) – Nicola Commences 2025 New Craigmont Exploration Drilling

Posted on by slightbourne@noblecapitalmarkets.com


Monday, June 23, 2025

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

New Craigmont drilling program. Nicola Mining (TSX.V: NIM, OTCQB: HUSIF) has commenced the 2025 exploration and diamond drilling program at its New Craigmont Copper Project, which will entail 4,000 to 5,000 meters of drilling. The program is expected to run from June through September and cost $1.5 million to $2.0 million. The purpose of the 2025 program is to collect geological data for target development for a potential porphyry copper system at New Craigmont.

Identifying targets using artificial intelligence. In collaboration with ALS Geoanalytics (formerly ALS GoldSpot), five priority targets, three of which are included in the 2025 program, were identified using artificial intelligence (AI)-based methods to analyze and correlate geophysical and geochemical data from Nicola’s exploration data. The collaboration harnesses the power of AI to identify high-potential targets which could increase the probability of successful outcomes.


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Release – Nicola Mining Commences Exploration Drilling at Its Flagship New Craigmont Copper Project

Posted on by aweinsoff@channelchek.com

Research News and Market Data on HUSIF

June 20, 2025 10:11 AM EDT

Vancouver, British Columbia–(Newsfile Corp. – June 20, 2025) – Nicola Mining Inc.  (TSX: NIM) (OTCQB: HUSIF) (FSE: HLIA) (the “Company” or “Nicola“) is pleased to announce commencement of the 2025 Exploration Diamond Drilling Program (the “2025 Program“) at its New Craigmont Copper Project (“New Craigmont”), near Merritt, BC.

Exploration Target Generation Activities

Five priority exploration targets (Figure 1), three of which are included in Nicola’s 2025 program, have been identified through collaboration in 2025 with ALS Geoanalytics (GoldSpot Discoveries Ltd.; “GoldSpot”) using AI-based methods to analyze and correlate geophysical and geochemical data from Nicola’s large exploration database.



Figure 1. Locations of the top exploration targets based on analysis of geophysical and geochemical data in 2025 by Goldspot.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4873/256097_67b8229854ed68c3_001full.jpg

  • Target A corresponds well with the West Craigmont/WP target area where several holes were drilled in 2024 (see August 30, 2024 News Release). Drilling in 2024 revealed favourable alteration with follow-up potential.
  • Target B is a new, undrilled target identified by the Goldspot analysis.
  • Target C corresponds with the MARB/CAS target area where positive results from the 2024 Exploration Program made it a high priority target.
  • Target D corresponds with the important Titan Queen MINFILE showing. Historic and subsequent drilling and mapping in 2016 support more drilling.
  • Target E is another new target from the Goldspot analysis that is added to the 2025 Program.

Nicola continues to work with GoldSpot to refine the 2025 Exploration Program that will include collection of X-ray fluorescence (pXRF) and short-wave infrared (SWIR) data under the guidance of GoldSpot to ensure consistent, high-quality data acquisition aligned with New Craigmont’s exploration goals. This new data will contribute to the development of exploration targets and improve understanding of skarn and porphyry-style mineralization.

Diamond Drilling Plans

Exploration plans for the 2025 Program include 4,000-5,000 metres of diamond drilling at the MARB/CAS, West Craigmont/WP, and two new target areas generated by ALS GoldSpot (Fig. 2). The purpose of the 2025 Program is to collect geological data for target development for a potential porphyry copper system at New Craigmont. Drill core will provide valuable information on lithology, structure, alteration and mineralization, and multi-element analysis.



Figure 2. Target areas for 2025 drilling Program at the New Craigmont Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4873/256097_67b8229854ed68c3_002full.jpg

Drilling at MARB will follow-up near-surface porphyry-style copper-mineralization with holes designed to test a vertical mineralization trend at depth. Near surface skarn at CAS discovered in 2024 is characteristic of mineralization observed in the Embayment Zone. Additional drilling in the 2025 Program will investigate potential continuity along trend between MARB, CAS and the Embayment Zone.

Draken is a high-priority, undrilled target consisting of a cluster of copper showings discovered from Nicola’s field program in 2023 (Figure 2). Outcrops of Guichon Border Phase quartz diorite contain porphyry style quartz-feldspar veinlets with weak copper oxide minerals. Exposures at Draken exhibit some of the best-developed porphyry-style alteration documented on the New Craigmont property, and the target also coincides with high resistivity and high chargeability geophysical response.



Figure 3. Outcrop at the newly discovered Draken showing displaying several sets of quartz-K Feldspar +/- epidote veins with some of the veins containing copper oxide (inset), all of which are common features of a porphyry system.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4873/256097_67b8229854ed68c3_003full.jpg

Summary

Nicola’s objective for 2025 is to continue to target for porphyry systems by conducting the following:

  • Acquire an enhanced suite of geochemical data for more targeting studies with GoldSpot
  • Expand the extent of mineralization observed at the MARB and CAS targets
  • Test two new targets at West Craigmont, including Draken
  • Test two new targets generated by GoldSpot in the centre of the property

The estimated budget for the 2025 Program is $1.5-2 M. Nicola anticipates drilling to conclude sometime in September.

The Company will provide a separate news release on exploration at its high-grade silver Treasure Mountain Project.

Qualified Person

The scientific and technical disclosure included in this news release have been reviewed and approved by Will Whitty, P.Geo., who is the Qualified Person as defined by NI 43-101. Mr. Whitty is Vice President, Exploration for the Company.

About Nicola Mining

Nicola Mining Inc. is a junior mining company listed on the TSX-V Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high-grade BC-based gold projects. Nicola’s fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.

The Company owns 100% of the New Craigmont Project, a property that hosts historic high-grade copper mineralization and covers an area of over 10,800 hectares along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper, Canada’s largest copper mine. The Company also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease, spanning an area exceeding 2,200 hectares.

On behalf of the Board of Directors

“Peter Espig“

Peter Espig
CEO & Director

For additional information

Contact: Peter Espig
Phone: (778) 385-1213
Email: info@nicolamining.com
URL: www.nicolamining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

info

SOURCE: Nicola Mining Inc.

Oil Prices Rise for Third Week as Markets Brace for Trump’s Decision on Iran

Posted on by slightbourne@noblecapitalmarkets.com

Oil markets wrapped up their third consecutive week of gains on Friday as investors watched closely for U.S. President Donald Trump’s next move regarding the Israel-Iran conflict. West Texas Intermediate (WTI) crude settled just below $75 per barrel, while Brent crude, the global benchmark, hovered around $76, both on track to post roughly 3% gains for the week.

The latest rally in oil prices was largely driven by geopolitical tensions ignited by renewed hostilities between Israel and Iran. While the conflict hasn’t disrupted oil flows yet, the mere prospect of a wider regional escalation has kept traders on edge.

Early Friday trading saw a slight dip in prices as Trump signaled a potential preference for diplomacy over immediate military intervention. “We’ll give diplomacy a chance,” he told reporters on Thursday, suggesting that a final decision on U.S. involvement is still pending. This hint of restraint helped cool the market’s reaction temporarily but did little to derail the broader upward trend in crude prices.

Despite rising oil prices, analysts from major financial institutions remain cautious about the long-term impact of the conflict on global energy markets. Citi’s commodities research team believes the risk of significant supply disruption remains limited.

“Disrupting oil supply isn’t in the interest of either Iran or the U.S.,” said Spiro Dounis, Citi’s senior energy analyst. He noted that even if Iran’s 1.1 million barrels per day of oil exports were completely halted, Brent prices would likely rise only modestly to the $75–78 range — not far above current levels.

Goldman Sachs offered a more dramatic short-term outlook, estimating that in the event of an actual disruption, oil prices could temporarily surge to $90 per barrel. However, the bank expects prices to normalize over the next year, potentially falling back to the $60 range in 2026 as supply recovers.

Importantly, current oil flows remain uninterrupted. Shipments through the Strait of Hormuz — one of the world’s most crucial maritime oil chokepoints — continue unimpeded, and Iranian exports have not declined, easing some of the market’s worst fears.

A key factor cushioning the market is spare production capacity among OPEC+ members. The alliance, which includes major oil producers like Saudi Arabia and Russia, has been gradually increasing output in recent months, providing a potential buffer against sudden supply shocks.

“Above-average global spare capacity — equivalent to 4–5% of global demand — is the main cushion against Iran-specific disruptions,” said Goldman’s Daan Struyven. He pointed to the bloc’s strategic unwinding of production cuts as a stabilizing force in the current market environment.

With uncertainty still looming over the geopolitical situation in the Middle East, oil prices are likely to remain volatile in the near term. Much will depend on whether Trump follows through with military action or continues to push for a diplomatic resolution. For now, investors will be watching closely, knowing that even the perception of risk can be enough to sway global oil markets.

Golden Share Shakeup: What Comes After U.S. Steel’s Merger?

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– U.S. Steel shares rose 5% after Trump approved its merger with Japan’s Nippon Steel.
– The deal includes a rare U.S. “golden share” giving the government veto power over key decisions.
– Investors should watch for increased regulatory scrutiny on strategic small-cap M&A deals.

U.S. Steel (NYSE: X) shares surged over 5% Monday morning after President Donald Trump signed off on the company’s controversial merger with Japan’s Nippon Steel—marking a historic moment for both American industrial policy and global M&A precedent. The approval came with a unique twist: a U.S. government “golden share” that grants Washington significant control over key strategic decisions at the newly combined entity.

For small and micro-cap investors, this development has implications far beyond the blue-chip space. It signals a new level of state involvement in cross-border deals and a precedent for national security-focused intervention, which could trickle down to deals in the lower tiers of the market—especially in defense-adjacent, critical minerals, energy, and industrial sectors.

The Trump administration’s executive order, issued late Friday, cleared the final regulatory hurdle for the merger, provided both companies signed a binding national security agreement. That agreement includes provisions giving the U.S. government a golden share—essentially a special class of equity that confers outsized control. Commerce Secretary Howard Lutnick later confirmed this share grants the U.S. president veto power over decisions including moving U.S. Steel’s headquarters, offshoring jobs, plant closures, and even renaming the company.

While the finer legal details remain under wraps, investors can view this as a quasi-government stake—not in equity terms, but in influence. The golden share construct ensures U.S. Steel remains tethered to national priorities, despite being a wholly owned subsidiary of Japan’s Nippon Steel North America, according to the company’s latest SEC filing.

The government’s involvement also reframes how foreign capital may approach U.S. industrial assets moving forward. Trump, who has shied away from calling the merger a “takeover,” prefers to describe it as a “partnership,” signaling an attempt to strike a political and economic balance ahead of the 2026 elections.

For micro-cap investors, this is a strategic signal. Any company operating in or adjacent to national security, critical infrastructure, or industrial manufacturing could now fall under increased scrutiny—especially if foreign buyers or strategic partners are involved. Think niche steelmakers, components suppliers, and rare-earth miners. Even smaller players that feed into the defense or aerospace supply chains may now be seen through a new lens of “strategic value.”

While the golden share model is novel in the U.S., it’s long been used in Europe and Asia to protect domestic champions. Its introduction here could affect deal structures and valuations across the capital spectrum. Investors should watch for similar clauses creeping into M&A activity in the lower end of the market, especially where the government could assert a national interest.

While U.S. Steel is far from a micro-cap, the conditions of this deal offer key insights for small-cap investors. Regulatory risk, particularly geopolitical, is no longer just a big-cap concern. As protectionism and industrial policy take center stage, early-stage investors would be wise to evaluate their portfolios not just on fundamentals—but on flags, borders, and federal influence.