Corazon Mining (CZN:AU) has announced Completes Two Pools Gold acquisition
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It’s been yet another historic week for gold and silver, with both setting new price records.
The yellow metal broke through US$4,200 per ounce and then continued on past US$4,300. It rose as high as US$4,374.43 on Thursday (October 16), putting its year-to-date gain at about 67 percent.
Meanwhile, silver passed US$54 per ounce and is now up around 84 percent since 2025’s start.
Gold’s underlying price drivers are no secret — factors like central bank buying and waning trust in fiat currencies have been major themes in recent years, and they continue to provide support.
But it’s worth looking at a number of other elements currently in play.
Among them are a resurgence in the US-China trade war, which has ramped up geopolitical tensions, and the ongoing American government shutdown. The closure has stalled the release of key economic data ahead of the Federal Reserve’s next meeting later this month.
There have also been troubles at two regional banks in the US — they say they were the victims of fraud on loans to funds that invest in distressed commercial mortgages. Aside from that, Rich Checkan of Asset Strategies International sees western investors entering the market.
‘We don’t have a tidal wave or a tsunami by any stretch of the imagination, but the western investor is getting back into this,’ he said, noting that for the past few years his company has mostly been selling to high-net-worth individuals and people looking for deals. ‘Now we’re having flat-out sales.’
Checkan also weighed in on where gold is at in the current cycle, saying the indicators he tracks — including the gold-silver ratio, interest rates and the US dollar — don’t point to a top.
‘They can take a breather, there’s no question about that — you almost kind of want them to. But the reality is, there’s no top in sight,’ he said. ‘I’ve got about, I don’t know, seven, eight, nine different indicators I look at for the top in a bull market for gold. None of them are firing.’
When it comes to silver, the situation is a little more complicated.
Vince Lanci of Echobay Partners explained that the London silver market is facing a liquidity crisis — while there’s not a shortage of the metal, it isn’t in the right place, and that’s creating a squeeze.
Here’s what he said:
‘London, when it needs metal, is having a hard time getting it from Asia, because China is not cooperating with the west — for good reason in their mind. And for some reason, the US is not making its metal available as robustly as it used to, to help fill refill London’s coffers. And so that creates a short squeeze.
‘There’s enough metal in the world for current needs — let’s say for today’s needs. But it’s not where it should be. So it’s a dislocation.’
Lanci, who is also a professor at the University of Connecticut and publisher of the GoldFix newsletter on Substack, also made the point that although these circumstances are front and center now, they’re just one part of the larger ongoing bull market for silver. In his view, its growing status as a critical mineral will have major implications, and a triple-digit price is realistic.
Arcadia Economics interview
As a final point, I was recently interviewed by Chris Marcus of Arcadia Economics.
It was fun being on the other side of the camera for a change, and I have a new appreciation for everyone who sits down to answer my questions. Check out the interview below.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ( ‘ Skyharbour ‘ or the ‘ Company ‘) is pleased to report that its partner company Terra Clean Energy Corp. (‘Terra’, previously Tisdale Clean Energy) has highlighted the rare earth element (‘REE’) potential at the Fraser Lakes B Deposit, confirmed by drilling and assays. The mineralization is predominantly uranium and thorium but the REE component within the deposit and surrounding areas contains significant quantities of rare earth oxides (‘REO’) specifically La₂O₃ (Lanthanum oxide), Ce₂O₃ (Cerium oxide), Yb₂O₃ (Ytterbium oxide), and Y₂O₃ (Yttrium oxide) as reported in the technical report filed under Terra’s profile on sedarplus.ca on February 9 th 2023. Skyharbour optioned the Project to Terra, and under the Option Agreement, assuming the 75% interest is earned, Terra will fund exploration expenditures totaling CAD $10,500,000, as well as pay Skyharbour CAD $11,100,000 in cash, of which $6,500,000 can be settled for shares in the capital of Terra over the earn-in period.
Map of South Falcon East Project Claims:
https://skyharbourltd.com/_resources/maps/Sky_SouthFalconEast_20250109.jpg?v=1
These light rare earths are key elements in automotive, batteries, magnets as well as other industries. Lanthanum has two main uses: as a phosphate binder in medicine to treat high blood phosphate levels in kidney disease patients, and in various industrial applications like manufacturing nickel-metal hydride batteries, catalytic converters, specialty glass, and as a component in alloys for lighters and other products.
Cerium is used in a variety of applications, including as a polishing agent for glass and a catalyst in automotive catalytic converters to reduce emissions. It is also used in metallurgy to improve alloys and steel, and in the production of flints for lighters, incandescent gas mantles, and components for batteries.
Ytterbium is used in a variety of applications including improving stainless steel, dental alloys, portable x-ray machines, atomic clocks, superconductors, lasers and amplifiers, fiber optic communications, and quantum computing.
Yttrium is used in a variety of applications, most notably as a key component in phosphors for LEDs and displays, and in lasers for medical and industrial uses. It is also used in ceramics, such as those for high-temperature fuel cells and medical implants, as a metallurgical additive for alloys, and in electronics like microwave filters and automotive sensors. Additionally, specific yttrium isotopes have medical applications in cancer therapy and diagnostic imaging.
Below is a link from the Natural Resources Canada (NRC) website showing the Falcon Point Project in Saskatchewan which hosts the Fraser Lakes B Deposit. The South Falcon East Project is a portion of this former project. Through an NRC grant to the University of Saskatchewan in March 2024, The Government of Canada has contributed to a multiyear study of REE’s in northeastern Saskatchewan. The Fraser Lakes B Deposit is part of this study and Terra is a participating partner. REE’s continue to be identified in recent drilling programs.
https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts/rare-earth-elements-facts
‘With renewed interest in rare earth elements it is important that shareholders understand we are sitting on an active REE deposit,’ said Greg Cameron, CEO of Terra. ‘This deposit adds significant upside, particularly in light of the recent environment which places far more value on the strategic importance of rare earth elements. Management is committed to making sure this value is understood and unlocked as we continue with the ongoing advancement Fraser Lakes,’ continued Mr. Cameron.
‘We are excited to be involved in the expansion of Rare Earth Element deposit understanding and inventory in Canada’, commented Trevor Perkins, Vice President of Exploration for Terra. ‘With the current emphasis on REE, it is time to highlight this aspect of our Fraser Lakes B Uranium and REE Deposit. We are sure that with continued drilling and study of the Fraser Lakes B deposit we will add to both the uranium and REE resource,’ continued Mr. Perkins.
South Falcon East Project Summary:
The South Falcon East Project is a uranium exploration project in the southeast Athabasca Basin and represents a portion of Skyharbour’s former Falcon Point Project. The project covers approximately 12,464 hectares and is located 18 kilometres outside the Athabasca Basin, roughly 50 kilometres east of the Key Lake mill.
The project hosts the Fraser Lakes B Uranium-Thorium Deposit, which contains a historical inferred resource of 6.9 million pounds U₃O₈ at an average grade of 0.03% U₃O₈ and 5.3 million pounds ThO₂ at 0.023% ThO₂. Mineralization is hosted in shallow, structurally disrupted metasedimentary rocks and pegmatites, displaying Athabasca-style basement-hosted characteristics and occurring in association with well-defined EM conductors.
Qualified Person:
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour, as well as a Qualified Person.
About Terra Clean Energy Corp.:
Terra Clean Energy (formerly Tisdale Clean Energy Corp) is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project, which hosts an inferred uranium resource within the Fraser Lakes B uranium/thorium deposit, located in the Athabasca Basin region, Saskatchewan, Canada.
About Skyharbour Resources Ltd.:
Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-seven projects covering over 616,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is operator with joint-venture partner RTEC. The project hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.
Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project.
In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued, and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.
Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.
Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://skyharbourltd.com/_resources/news/SKY_SaskProject_Locator_2025_07_16_v1.jpg
To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .
Skyharbour Resources Ltd.
‘Jordan Trimble’
Jordan Trimble
President and CEO
For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.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.
The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.
This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the Private Placement. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
News Provided by GlobeNewswire via QuoteMedia
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Locksley Resources (ASX:LKY,OTQB:LKYRF,FSE: X5L) has been featured by The Sydney Morning Herald after achieving a major metallurgical breakthrough at its Desert antimony mine in California. The Australian company’s early flotation tests produced a 68.1 percent antimony concentrate, significantly surpassing industry benchmarks and nearing the theoretical maximum purity for stibnite.
The SMH report highlighted the result as evidence of the project’s strong potential and the relative simplicity of its processing method.
The test work, carried out in the United States, used a straightforward combination of rougher, regrind and cleaner flotation stages, yielding a high-grade product with low impurities. Locksley said the process required minimal modification, indicating the ore could be refined to ramp up both grade and recovery
The company plans to advance bulk underground sampling and pilot-scale testing, and will collaborate with Rice University to trial DeepSolv processing methods aimed at optimizing recovery.
According to the article, the development comes at a strategically important time. Antimony is a critical mineral used in defense, electronics and energy applications, and the United States is actively seeking to strengthen domestic supply chains under its “Made in America” initiative. If Locksley can replicate these results at scale, the Desert antimony mine could emerge as a key domestic source of high-grade antimony for the US market.
Read the full study here.
Click here to connect with Locksley Resources for an Investor Presentation
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JZR Gold (TSXV:JZR) is advancing its Vila Nova gold project in Amapá, Brazil, to deliver sustainable shareholder value. The company is commissioning its Vila Nova pilot mill to process approximately 9 million tonnes of historical gold tailings grading 2.7 grams per tonne, representing more than 700,000 ounces of contained gold. Near-term cash flow from mill operations will support ongoing exploration to expand JZR’s gold resources.
The pilot mill will initially reprocess 2 million tonnes of tailings from past mining activities containing significant residual gold. With a planned throughput of 800 tonnes per day and an 89 percent recovery rate, the mill is expected to produce about 2 kilograms of gold daily.
Revenue from the Vila Nova pilot mill is anticipated in the first quarter of 2025, providing cash flow to cover operations and fund further exploration. By reinvesting early proceeds into resource expansion, JZR aims to delineate additional high-grade targets and drive phased, self-sustaining growth without significant external financing.
Company Highlights
- Near term cash-flow from gold tailings operation at flagship Vila Nova gold project in Amapá, Brazil.
- An estimated 9 million tonnes of gold tailings have been identified with grades averaging 2.7 g/t for a projected contained gold content of over 700,000 ounces.
- The Vila Nova project has a fully permitted 800-ton-per-day pilot mill to process high-grade gold tailings for near-term cash flow.
- JZR Gold has invested more than US$7 million in infrastructure and drilling at the Vila Nova project.
- The Vila Nova project is situated in an underexplored region with significant geological upside and proximity to established mining operations.
- Initial operations at Vila Nova are expected to yield approximately 2 kilograms of gold per day.
This JZR Gold profile is part of a paid investor education campaign.*
Click here to connect with JZR Gold (TSXV:JZR) to receive an Investor Presentation
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The uranium space is currently navigating a complex mix of optimism and structural pressures as investors increasingly look to the sector and major miners reduce their guidance.
After sinking to a US$63.25 per pound on March 7 — the lowest point since September 2023 — the U3O8 spot price rebounded through the third quarter, aided by declining secondary supply and renewed investor activity, though limited contracting by many utilities has kept term market activity relatively low year-to-date.
These tailwinds propelled the spot price to a year-to-date high of US$83.18 at the end of September, and are expected to continue adding support heading into the final quarter of the year.
“September saw uranium markets ignite as fresh capital flowed in, sentiment turned sharply positive and supply tightened, fueling the next leg of the uranium bull market,” wrote Jacob White, exchange-traded fund (ETF) product manager at Sprott Asset Management, in an October report on uranium.
Supply fundamentals remain strained: the US Energy Information Administration warns of a widening uranium shortfall over the next decade, estimating a cumulative gap of 184 million pounds without new mine development.
As the need for fresh supply mounts, the World Nuclear Association (WNA) sees longer timelines for new builds.
‘Despite the urgent need for new capacity to be brought online, what we’re experiencing is that the time to develop new mines is actually getting longer, not shorter. So in this report, we’ve changed the expected development timeline from 8 to 15 years to between 10 to 20 years,’ said Malcolm Critchley, CEO of the WNA, at the World Nuclear Symposium.
He warned that new supply is needed just to meet current needs, let alone forecast growth in demand.
According to the WNA, total nuclear capacity is expected to rise to 449 gigawatts electrical (GWe) by 2030 and 746 GWe by 2040, including 49 GWe of capacity from small modular reactors.
The issue was further compounded in late August, when uranium sector major Cameco (TSX:CCO,NYSE:CCJ) cut its 2025 guidance, citing expansion delays at the McArthur River mine in Saskatchewan.
Annual production is now expected at 14 million to 15 million pounds of U3O8, down from the previous target of 18 million pounds. The company’s reduction, marking roughly 5 percent of global supply, follows a similar output cut from Kazakhstan’s Kazatomprom, and highlights ongoing production constraints in the uranium sector.
The supply crunch comes as demand is projected to more than double over the next decade. As noted in the report, global reactor requirements will rise from 68,920 metric tons in 2025 to 150,000 metric tons in 2040, up 117 percent.
Rising investor appetite for uranium
“It’s the re-engagement of the investor,” he said during an interview.
“A lot of the demand in the spot market in Q3 has been driven by the purchasing of Sprott Physical Uranium Trust (TSX:U.U,OTCQX:SRUUF) and Yellow Cake (LSE:YCA,OTCQB:YLLXF). They have investor interest buying their shares to the point where they’re valued equal to more than the price of physical uranium.”
Compared to other commodities, physical uranium is undervalued, and that has led to heightened investor participation, according to Kelly. He noted that uranium-themed ETFs were the target for many investors looking to get into the space during Q3 — the VanEck Uranium and Nuclear Technologies UCITS ETF (LSE:NUCL) also increased allocations as its assets under management grew from US$500 million at the end of Q2 to over US$1 billion as Q3 concluded.
Alessandro Valentino, product manager at VanEck, attributes the growth to investor appetite and news out of the US. Among other factors, he pointed to the US Department of Energy’s US$1.52 billion federal loan guarantee to Holtec International to support the restart of the Palisades nuclear plant in Michigan.
The funding is earmarked for bringing the 800 megawatt facility back online. It will be the first commercial US nuclear reactor to restart after being permanently shut down, pending Nuclear Regulatory Commission approval.
Valentino also underscored supply deals from the artificial intelligence (AI) sector, as well as a late September initial public offering (IPO) from Fermi America (NASDAQ:FRMI), as growth catalysts.
On September 30, Fermi, a Texas-based firm developing a next-generation AI-powered energy and data campus, priced its IPO at US$21 per share, selling 32.5 million shares and raising about US$682.5 million.
The IPO proceeds will fund the company’s ambitious Project Matador, which aims to deploy 11 gigawatts of power via nuclear, solar, natural gas and battery systems at a 5,200 acre campus near Amarillo, Texas.
These news items are a “strong signal that money is now entering the space,” said Valentino. “We would say that the big push has come from the US side.”
AI and energy stoke uranium demand
A key recent change in the uranium market is support from AI data centers.
As AI continues to reshape industries, the energy demands of data centers are escalating rapidly. A recent report by the International Energy Agency projects that electricity consumption from data centers worldwide will more than double by 2030, reaching approximately 945 terawatt hours, surpassing the current electricity consumption of Japan.
AI-optimized data centers are anticipated to be the primary drivers of this surge, with their electricity demand expected to quadruple during the same period. To satiate these energy requirements, the tech sector is increasingly looking to nuclear power to meet its demands in an environmentally conscious way.
This was further evidenced when Microsoft (NASDAQ:MSFT) announced it was joining the WNA. This collaboration has only increased the correlation between uranium stocks and AI stocks.
Kelly explained that during a presentation he watched, “they showed an overlapping chart of AI stocks and uranium stocks, and they were behaving hand-in-hand over the last couple of years.”
While uranium is the fuel for the AI revolution, AI is also aiding the uranium exploration side.
The company recently digitized tens of thousands of pages of 1970s-era reports, maps and drill logs, feeding them into an AI-assisted system capable of analyzing, layering and interpreting the data with unprecedented speed and precision.
“AI helps us prioritize which information matters most and what it tells us about the geology,” Lamb explained. “It’s like opening a treasure chest — we’re uncovering insights that show our project is much larger than anyone realized.”
Additionally, AI is helping reveal what decades of analog exploration once missed — so-called “invisible uranium.”
Historically, geologists relied on gamma probes to estimate uranium content, but these tools often produced incomplete readings due to “disequilibrium,” where uranium or its decay products had shifted underground.
That meant much of the resource went undetected. Now, however, AI tools can process tens of thousands of geochemical data points, comparing ratios and patterns far beyond human capability.
According to Lamb, the technology can identify zones likely to contain hidden uranium and even cross reference results with regional geological data or similar deposits worldwide. In recent drilling, this approach helped the company uncover up to 60 percent more uranium than older probes indicated — that’s evidence, Lamb said, that machine learning could redefine the accuracy and efficiency of uranium exploration.
By combining historical expertise with modern machine learning, Myriad is turning archival data into a dynamic exploration tool — one that could redefine the scale and potential of its uranium projects in the US and beyond.
US moves to secure uranium supply
On the policy front, governments are stepping in to support domestic fuel cycles. In Canada, federal incentives and extended exploration tax credits aim to stimulate uranium mining and nuclear infrastructure.
In the US, moves such as the ban on Russian enriched-uranium imports are reshaping procurement requirements and amplifying urgency around domestic fuel security. To achieve its ambitions the Trump admin has been fast tracking select projects. In August, Uranium Energy (NYSEAMERICAN:UEC) secured expedited permitting for its Sweetwater uranium complex in Wyoming under the Trump administration’s FAST-41 initiative.
Subsequently, the US announced plans to expand its strategic uranium stockpile as part of a broader push to secure nuclear power supply and reduce reliance on Russia. Secretary of Energy Chris Wright said the aim is to eliminate Russia-enriched uranium from US reactors, which still power about 20 percent of the nation’s electricity.
Building on earlier federal initiatives, Washington’s continued investment in domestic uranium production and enrichment aims to strengthen long-term energy security, and serves as an opportunity catalyst.
“We believe the sector will keep on attracting investors,” said Van Eck’s Valentino, adding “the nuclear sector will eventually be normalized as being as green as all the other green energy sources.”
Uranium market forecast for Q4 and beyond
With uranium market showing momentum as well as deep gaps in primary supply, the coming months will test whether policy support, investment flows and project execution can keep pace with rising demand.
Sprott’s White believes that while the market has momentum, its continued success will hinge on factors like disciplined producer behavior and the timely delivery of new mines.
For his part, Lamb agrees with forecasts that the spot price could reach US$135 in Q1 2026.
“I just see (the spot price) kind of ticking up over the next while,” he said. “AI and data, those key sectors now that have exploded, they’re going to be huge consumers of uranium, however you slice it.”
Lamb went on to note that a spot price of US$200 in 2026 “wouldn’t surprise me at all.”
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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Perth, Australia (ABN Newswire) – Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF), is pleased to provide an update on the advanced research program underway at Rice University in Houston, Texas.
HIGHLIGHTS
– Rice University advancing identification of the Deep Eutectic Solvent (DES) system development
– Preliminary process parameters for the green hydrometallurgical DES process established, supporting the scoping of a pilot demonstration plant
– Locksley COO visits Rice University to review progress on DES research program
– Flotation concentrates and ROM ore samples from the Desert Antimony Mine (DAM) and EV Resources’ Los Lirios deposit, to be delivered to Rice University for expanded testwork
– American made mine-to-metal supply chain aligns with U.S. national objectives for critical mineral independence
Locksley’s Chief Operating Officer, Danny George, recently visited Rice University to review progress on the Company’s collaborative research program aimed at developing DeepSolv(TM), an innovative green hydrometallurgical solvent system for the extraction and recovery of antimony from stibnite ores and concentrates.
The visit formed part of Locksley’s ongoing engagement with the Rice University research team, led by Professor Pulickel Ajayan of the Rice Advanced Materials Institute. It provided the opportunity to directly observe the encouraging developments being achieved through the laboratory scale program.
Technical Progress
Technical sessions focused on reviewing process parameters, including solvent composition, leach kinetics, reagent recyclability, and temperature optimisation.
The DES system, employing environmentally benign ionic mixtures as an alternative to traditional reagents, has demonstrated strong potential for selective dissolution of antimony sulphides under mild conditions. This represents a major step toward establishing a low-emission, sustainable processing route for antimony production.
The collaborative review also evaluated how laboratory-scale results correlate with potential commercial-scale process configurations. Mass-balance considerations were assessed in preparation for scaling up to a pilot demonstration plant, with emphasis on solvent recovery efficiency, reagent stability, and downstream metal recovery pathways.
These findings confirm that the research program remains closely aligned with Locksley’s commercialisation strategy, advancing toward a technically robust, scalable, and economically sustainable antimony production process.
Danny George, Locksley Chief Operating Officer commented;
‘It was a privilege to spend time with the talented team at Rice University and see firsthand the impressive progress being made. The collaboration continues to deliver strong technical outcomes, and we’re excited about how this work is shaping the foundation for future commercial application.
The novelty of the DES-based process lies specifically in the solvent chemistry and its enhanced selectivity for antimony dissolution-representing a true breakthrough in reagent innovation rather than a complete process redesign.
Importantly, the downstream processing stages utilise established hydrometallurgical methods, ensuring a clear pathway toward commercial scalability, operational reliability, and regulatory acceptance. This is a strong example of how academic innovation and industry experience can work hand in hand to deliver next-generation solutions for the critical minerals sector.’
Next Steps
The next phase of work will include the delivery of flotation concentrates and ROM ore from the Desert Antimony Mine (DAM) and Los Lirios deposits to Rice University to further expand the testing regime. This work will underpin the design and scoping of the planned pilot demonstration plant, marking another significant milestone in Locksley’s development of a 100% American-made antimony supply chain.
About Locksley Resources Limited:
Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.
Mojave Project
Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.
In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.
Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.
Tottenham Project
Locksley’s Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation
Source:
Locksley Resources Limited
Contact:
Kerrie Matthews
Chief Executive Officer
Locksley Resources Limited
T: +61 8 9481 0389
Kerrie@locksleyresources.com.au
News Provided by ABN Newswire via QuoteMedia
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The gold price continued to rise in Q3, breaking through key milestones to set new all-time highs.
Much like the first half of the year, the yellow metal was supported by ongoing factors like central bank buying, geopolitical tensions and uncertainty caused by US trade and tariff policies.
And it wasn’t just the price of gold that soared — higher margins and a more positive outlook for the sector helped drive increases in gold stocks. Read on for a look at gold’s Q3 activity and the outlook for Q4.
What happened to the gold price in Q3?
Gold has gained nearly US$1,400 since starting the year at US$2,658 per ounce on January 2.
By the beginning of Q3, gold had climbed to US$3,338.86, and it remained rangebound at that level for most of July and August. However, it climbed above the US$3,400 mark on July 22 and then again on August 6.
Gold price, July 9 to October 10, 2025.
The price started to gain traction at the end of August, after US Federal Reserve Chair Jerome Powell signaled a change in policy during his remarks at the Jackson Hole Economic Policy Symposium. By September 2, the gold price had broken through US$3,500 for the first time, and by September 8 it had climbed above US$3,600.
As the month wore on, gold continued its unprecedented climb. It broke through US$3,700 on September 22, US$3,800 on September 29 and reached its quarterly high of US$3,858.41 on September 30.
The price continued on its upward trajectory as the fourth quarter began, rising above US$3,900 on October 6, and finally setting a new record high of US$4,040.42 on October 8.
What’s driving gold demand?
Although there was a dip in central bank gold purchases in July, with just 10 metric tons added to reserves, the World Gold Council (WGC) reported that the buying trend that has developed over the past few years remains firm.
In August, central banks once again increased their gold acquisitions, purchasing a total of 19 metric tons. Overall, central banks bought 415 metric tons of gold in H1, bringing the 2025 total to 444 metric tons as of the end of August.
Although it appeared to pause its gold buying in August, the National Bank of Poland has been the top purchaser of gold in 2025, adding 67 metric tons. It has vowed to have 20 to 30 percent of its international reserves in gold.
The WGC notes that seven central banks boosted their reserves in August. Kazakhstan was the leading buyer, adding 8 metric tons to its holdings and bringing its year-to-date increase to 32 metric tons. Turkey, Bulgaria, China, Uzbekistan, Ghana, Indonesia and the Czech Republic each added 2 metric tons. Russia was the only seller in August, divesting itself of 3 metric tons of gold; the WGC suggests its reduction was owed to its coin-minting program.
It wasn’t just central banks buying gold. Western investors helped drive record exchange-traded fund (ETF) inflows of US$26 billion for the third quarter, with North American markets accounting for US$16.1 billion.
Total assets under management surged to US$472 billion, a 23 percent increase over the second quarter, with holdings rising to 3,838 metric tons, just shy of the 3,929 metric tons recorded in November 2020.
Why are investors interested in gold?
Mind Money CEO Julia Khandoshko suggested that geopolitics is a driving force behind gold’s record-breaking run, noting that tensions are high as the world becomes increasingly divided into “risk” and “stability” zones.
While geopolitics may be a primary factor, it’s far from the only one.
The third quarter saw declining yield curves, a weakening US dollar and a 25 basis point interest rate cut from the Fed in September, all of which added tailwinds to the gold price. Looking forward, the expectation is that the Fed will make further rate cuts before the end of the year, which could further fuel a rising gold price.
‘The history of the last hundred years shows that gold grows confidently at low rates. Combine this with stubborn inflation, and we can say with confidence that it will create more space for gold’s price rise,” Khandoshko stated.
Additionally, there is an expectation that a weaker US dollar will help to keep the price of gold elevated. So far this year, the US Dollar Index has declined 8 percent.
“The US dollar is a critical component to what happens to gold, because gold is denominated in US dollars, so the weaker the US dollar, the stronger the commodity price. What we’re expecting to see over the next 12 to 24 months is continued devaluation of the US dollar, which means gold should continue to be stronger going forward,” he said.
Among the recent drags on the dollar is fear of a prolonged shutdown of the US federal government after lawmakers failed to reach an agreement to continue funding government agencies and employees.
In the aftermath of the shutdown, the US Dollar Index posted its worst week since July. In an October 3 Reuters article, Thierry Wizman, monetary strategist with Macquarie, suggests that a prolonged shutdown could have a significant impact on trust in the federal government and further impact the strength of the greenback.
Gold price forecast for 2025
Hodaly sees the factors behind gold’s price rise remaining in place for the foreseeable future.
“We are expecting this could go much higher, at least 10 to 20 percent higher in the near term,’ he said.
‘Nothing has changed with the demand outlook for gold and the projected weakness of the US dollar, and that’s what’s going to drive the commodity price higher,’ added the executive.
Gold equities are also expected to benefit as the rising price boosts their margins and share prices.
Leading producers such as Agnico Eagle Mines (TSX:AEM,NYSE:AEM), Newmont (NYSE:NEM,ASX:NEM) and Barrick Mining (TSX:ABX,NYSE:B) have seen their share prices rise by over 100 percent in 2025.
The junior space has also been impacted, with PPX Mining (TSXV:PPX,OTC Pink:SNNGF) posting a year-to-date gain of 642 percent as of October 1, and San Lorenzo Gold (TSXV:SLG,OTC Pink:SNLGF) increasing 629 percent.
With gold now trading above US$4,000, the sector could attract renewed interest and offer new opportunities for investors. Those seeking to include gold or gold stocks in their portfolios might consider options ranging from the relative safety of ETFs and established producers to riskier assets at the development or exploration stages.
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
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Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to further update investors on its maiden drilling program at the La Union gold and silver project in Sonora, Mexico, which continues on track and on budget. The program is now two-thirds complete with initial and second holes now completed at four of the five main targets. This update follows the company’s Aug. 6, 2025, announcement marking the start of the program and Aug. 19, Sept. 10 and Sept. 24 news releases chronicling the progress of the program.
Saf Dhillon, President and Chief Executive Officer, states: ‘The drilling had started of a little slower and then was paused for unusually heavy rains. The initial plan was to drill 4 to 6 holes but, the Riverside team and their subcontracted drillers have been making substantial progress and we’re now at 7 completed holes with plans for another 2 to 5. In total, four of the five target zones have been drill tested with at least one hole.’
Two holes have now probed the Union mine target beneath historic workings, cutting through the Clemente and Caborca formations – both key host units for past mining at Union, encountering the distinctive microconglomeratic carbonate unit that historically hosted mineralization at the bottom of the Union mine.
Two holes have been completed at Famosa, testing the dip and strike extension of the mineralization in the historic workings as well as the foot wall and hanging wall of a steeply west-dipping major structural feature. Riverside select grab sampling from the Famosa dump retuned gold grade highlights of 59.4 g/t gold along with 833 g/t silver.
Two holes tested the North Union target and one tested the El Cobre target again probing beneath the historic workings for chimney and manto mineralization.
Additional holes are planned for all four of these targets, with one hole also planned for the El Creston Target.
Figure 1. Drill progress to 2025-Oct-09. Geologic map with the tenure of the Union internal concession shown in pink. Manto and chimney type CRD targets are shown as red polygons. Riverside now controls all mineral tenures on this map.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10197/270509_719d25609410fb43_001full.jpg
Questcorp cautions investors grab sample by their very nature are select samples and may not be indicative of mineralization on the property.
Initial drilling is also planned for newly generated targets to the west of the known mineralization trend. The target is feeder zones along pre-mineral fault structures.
Once this initial campaign is completed, follow-up work will integrate assay results, ongoing surface programs, additional induced polarization (IP) surveys, and refined geological interpretations based on stratigraphy and structure observed in drilling.
Figure 2. Cross section looking west with conceptual drill targets and schematic drillhole traces. Assays from Riverside’s sampling of rock dump materials from the two mine areas are labeled in black. Red areas are interpreted as manto and chimney target bodies that are now well defined and drill ready. Assays shown on figures 1 and 2 have been previously released and disclosed as summarized below the geochemical QA/QC and in published NI 43-101 Report that Questcorp published 2025 on Sedar+.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10197/270509_719d25609410fb43_002full.jpg
Qualified Person & QA/QC:
The technical content of this news release has been reviewed and approved by R. Tim Henneberry’, P.Geo (BC) a Director of the Company and a Qualified Person under National Instrument 43-101.
Rock samples from previous exploration programs discussed above at the Project were taken to the Bureau Veritas Laboratories in Hermosillo, Mexico for fire assaying for gold. The rejects remained with Bureau Veritas in Mexico while the pulps were transported to Bureau Veritas laboratory in Vancouver, BC, Canada for 45 element ICP/ES-MS analysis using 4-acid digestion methods. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Standards were randomly inserted into the sample stream prior to being sent to the laboratory.
About Questcorp Mining Inc.
Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island, B.C., subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.
ON BEHALF OF THE BOARD OF DIRECTORS,
Saf Dhillon
President & CEO
Questcorp Mining Inc.
saf@questcorpmining.ca
Tel. (604-484-3031)
Suite 550, 800 West Pender Street
Vancouver, British Columbia
V6C 2V6.
Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding completion of survey work at the North Island Copper project. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270509
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Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (‘Blackrock’ or the ‘Company’) announces that, due to the current delay of mail service in Canada due to the nationwide strike of the Canadian Union of Postal Workers (the ‘Postal Strike’), the Company may be unable to fully comply with its obligations to send to shareholders the meeting materials in connection with the Company’s upcoming annual general meeting of shareholders being held on Friday, November 21, 2025 (the ‘Meeting’), and wishes to advise its shareholders of alternate ways to vote their common shares of the Company (‘Common Shares’) at the Meeting.
Meeting Date, Location and Purposes
As a result of the Postal Strike, and pursuant to the Canadian Securities Administrators (CSA) Coordinated Blanket Order 51-932 – Temporary Exemption from Requirements in National Instrument 51-102 – Continuous Disclosure Obligations and National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer to Send Certain Proxy-Related Materials During a Postal Suspension (the ‘Blanket Order‘), the Company is advising shareholders that the Meeting will be held on Friday, November 21, 2025 at 11:00 a.m. (Vancouver time) at the Fairmont Waterfront, Terrace Room, 900 Canada Place Way, Vancouver British Columbia, for the following purposes:
- Financial Statements and Auditor’s Report: to receive the audited consolidated financial statements of the Company for the financial year ended October 31, 2024 and the auditor’s report thereon;
- Election of Directors: to elect six directors for the ensuing year;
- Appointment of Auditor: to appoint BDO Canada LLP, Chartered Professional Accountants, as auditor of the Company for the ensuing year and to authorize the directors to fix the auditor’s remuneration;
- Approval of Omnibus Equity Incentive Compensation Plan: to approve and confirm the Company’s Omnibus Equity Incentive Compensation Plan; and
- Other Matters: to transact such other business as may properly come before the Meeting or any adjournment thereof.
For detailed information with respect to each of the matters in items 2, 3 and 4 above, please refer to the section bearing the corresponding heading in the information circular prepared in respect of the Meeting (the ‘Information Circular‘).
Electronic copies of the notice and access notification required under National Instrument 54-101 – Communication with Beneficial Owners of Securities of a Reporting Issuer, the notice of meeting, the Information Circular, the form of proxy and all other proxy-related materials (collectively, the ‘Meeting Materials‘) for the Meeting have been posted and are accessible on the Company’s SEDAR+ profile at www.sedarplus.ca and on the Company’s website at https://blackrocksilver.com/agm-2025/. Shareholders of the Company are encouraged to access the Meeting Materials directly through the above-mentioned websites, or may contact the Company at info@blackrocksilver.com or by calling toll free at 1-800-380-1530 (Canada and U.S.A.) or at +1-604-817-6044 or the Company’s transfer agent, Computershare Trust Company of Canada (‘Computershare‘), toll-free between the hours of 8:30 AM and 8:00 PM Eastern Time at 1-800-564-6253 or email at service@computershare.com to request copies of the Meeting Materials.
Voting of Common Shares
Shareholders are not required to be present at the Meeting and can vote Common Shares in advance of the Meeting. In accordance with the Blanket Order, the Company is waiving the proxy-cut off time stated in the Meeting Materials. Accordingly, to be used at the Meeting, proxies or voting instruction forms, as applicable, must be received by Computershare no later than 11:00 a.m. (Vancouver time) on November 20, 2025, or at least 24 hours (excluding Saturdays, Sundays and holidays) before any adjournment of the Meeting, or received by the chairman of the Meeting before the commencement of the Meeting, or any adjournment thereof.
How Registered Shareholders Can Vote
Registered shareholders are shareholders who hold their Common Shares directly in the Company, and not through a brokerage account or depository company. Registered shareholders may vote online at www.investorvote.com, or vote by telephone by following the instruction on the form of proxy. Registered shareholders who require their voting control numbers may obtain the voting control numbers by calling Computershare at 1-800-564-6253 (toll-free in North America) or 1-514-982-7555 (international direct dial).
How Beneficial Shareholders Can Vote
Beneficial shareholders are shareholders who hold their Common Shares through a brokerage house, depository company or other intermediary. Beneficial shareholders should contact their brokerage house or depository company or other intermediary and ask to obtain their voting control number and the steps of how to vote, which could include internet voting, completing a voting instruction form and emailing it, directing your broker over the phone on how you wish to vote or some other method as described by your brokerage house or depository company.
THE COMPANY URGES SHAREHOLDERS TO REVIEW THE INFORMATION CIRCULAR BEFORE VOTING.
Financial Statements and Management Discussion and Analysis
The Postal Strike may also affect the Company’s ability to mail copies of its annual financial statements and related management discussion and analysis for the year ended October 31, 2024, as well as interim financial statements and related management discussions and analysis for the quarterly periods ended January 31, 2025, April 30, 2025 and July 31, 2025 (collectively, the ‘Financial Statements and MD&A‘). Electronic version of the Financial Statements and MD&A are available on on the Company’s SEDAR+ profile at www.sedarplus.ca. The Company will provide copies of the Financial Statements and MD&A to each shareholder who request them by email at info@blackrocksilver.com. Following the conclusion of the Postal Strike, shareholders requesting the Financial Statements and MD&A will be delivered those documents in the ordinary course.
The Company has satisfied all of the conditions to rely on, and is relying on, the exemption provided by the Blanket Order from the requirement to send proxy-related materials to its shareholders.
About Blackrock Silver Corp.
Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration and development company driven to add shareholder value. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.
Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR at www.sedarplus.ca.
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.
For Further Information, Contact:
Andrew Pollard
President and Chief Executive Officer
(604) 817-6044
info@blackrocksilver.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270407
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