Altech Batteries (ATC:AU) has announced Altech – CERENERGY Cells Test Safe Under Extreme Conditions
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The White House is reportedly considering an executive order aimed at expediting the process for deep-sea mining in international waters, according to a Reuters exclusive.
The potential order could allow US companies to bypass the United Nations-backed review system currently in place and seek faster approval from US regulatory agencies for the extraction of key critical minerals.
These minerals, including nickel and copper, are essential for industries ranging from technology to energy, and the push is part of a broader US strategy to reduce dependence on foreign supply chains, especially China.
The order could pave the way for companies to apply for permits through the US Department of Commerce’s National Oceanic and Atmospheric Administration (NOAA) instead of the International Seabed Authority (ISA).
The ISA has been working for years to develop a regulatory framework for deep-sea mining in international waters, but has faced delays due to ongoing debates over environmental and operational guidelines.
The Trump administration’s proposed move to fast-track mining permits is part of a broader “America First” agenda that prioritizes boosting domestic production of minerals critical for national security and technological infrastructure.
Earlier this month, President Donald Trump invoked emergency powers to accelerate domestic mineral production.
This new executive order would extend that push to international waters, reinforcing the US commitment to reducing reliance on foreign sources, particularly China. China has strong control over supply of many key minerals, especially those vital for the defense and high-tech sectors. Recent steps from the US to secure alternative sources include the pursuit of potential partnerships with nations like Greenland and Ukraine for mineral extraction.
The executive order under consideration would allow American companies to extract seabed resources while following US regulations, sidestepping the slow-moving ISA process.
Regulatory disputes and growing frustration
Under current international law, deep-sea mining in international waters is governed by the ISA, which was established by the United Nations Convention on the Law of the Sea (UNCLOS).
However, the ISA has yet to finalize its mining regulations, largely due to disputes over environmental issues, such as the impact of mining on marine ecosystems and biodiversity.
One major company, the Metals Company (TMC) (NASDAQ:TMC), which has been involved in deep-sea mining for over a decade, has expressed frustration over the ISA’s delays.
In a recent statement, TMC CEO Gerard Barron said while the company has invested heavily in developing environmentally responsible mining techniques, it has been unable to move forward due to the ISA’s lack of action.
“We believe we have sufficient knowledge to get started and prove we can manage environmental risks. What we need is a regulator with a robust regulatory regime, and who is willing to give our application a fair hearing,” he said.
TMC has already taken steps to apply for mining permits under existing US laws, and intends to submit its application for exploration licenses and recovery permits in the second quarter of 2025.
The ISA, which is composed of 36 member nations, recently held a council meeting in Kingston, Jamaica, where it once again failed to resolve critical regulatory issues surrounding deep-sea mining.
The meeting, which took place earlier this month, ended without an agreement on key amendments to the draft mining code that has been under discussion for years.
Delays from the ISA have led some companies, such as TMC, to seek alternatives. Barron has voiced support for a US-led permitting process, arguing that the US already has a robust framework under the Deep Seabed Hard Mineral Resources Act of 1980, which gives NOAA the authority to regulate deep-sea mining activities in international waters.
“Despite collaborating in good faith with the ISA for over a decade, it has not yet adopted the Regulations on the Exploitation of Mineral Resources in the Area in breach of its express treaty obligations under UNCLOS and the 1994 Agreement,” Barron continued, adding that the company is confident it can manage risks.
The ISA’s failure to resolve these issues has raised concerns among nations and companies that have staked claims in international waters. Bypassing the ISA could strain relations with countries that support its oversight role, especially those advocating for a global regulatory approach to ensure fair and sustainable resource extraction.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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AngloGold Ashanti (NYSE:AU,JSE:ANG)said on Monday (March 31) that with the completion of its Tropicana renewables project it has created the largest hybrid power system in Australia’s mining sector.
First introduced by AngloGold in June 2023, the renewables project is a partnership with Pacific Energy (ASX:PEA), which will integrate 61 megawatts of wind and solar generation capacity at the Tropicana development.
Tropicana is located in Western Australia roughly 1,000 kilometres east of Perth and is a joint venture between AngloGold and fellow gold producer Regis Resources (ASX:RRL,OTC Pink:RGRNF).
The former holds a 70 percent interest in the project, while the latter owns the remaining 30 percent.
The renewables project is expected to reduce the Tropicana development’s natural gas consumption by approximately 50 percent and decrease carbon emissions by an average of 65,000 tonnes annually over the next decade. The project was completed on time, as construction began toward the end of 2023 and was expected to finish during Q1 2025.
“This project will enable a significant reduction in emissions while reducing both diesel and natural gas consumption and improving our overall security of energy supply,” said AngloGold CEO Alberto Calderon.
The project’s energy capacity is equivalent to powering between 40,000 and 50,000 average Australian homes annually. AngloGold believes Tropicana enhances its net asset value, underlining its status as a valuable investment.
In the long run, the renewables initiative will play a crucial role in AngloGold’s 2030 decarbonisation goal, which calls for a 30 percent reduction in Scope 1 and 2 greenhouse gas emissions based on its 2021 carbon emissions baseline.
Outlining the project’s environmental impact in a fact sheet, AngloGold compares it to planting 33 million trees annually, removing 23,000 cars from the road each year or eliminating 2.8 million long-haul flights per year.
Additionally, the plant is expected to reduce the Tropicana operation’s diesel consumption by 5.6 million litres annually and cut natural gas usage by 1.1 million gigajoules per year.
Pacific Energy was responsible for designing and constructing the expansion. The company also owns and operates the hybrid renewables-natural gas power station under a 10 year power purchase agreement.
Combined, the thermal and renewable power systems will provide a total capacity of 115 megawatts.
Securities Disclosure: I, Gabrielle de la Cruz, 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 announce that partner company Terra Clean Energy Corp. (‘Terra’, previously Tisdale Clean Energy) announced the completion of the winter drill program at the South Falcon East Uranium Project (the ‘Property’) which hosts the Fraser Lakes B Uranium Deposit. The Property lies 18 km outside the edge of the Athabasca Basin, approximately 50 km east of the Key Lake Uranium Mill and former mine. 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 (‘Shares’) over the earn-in period.
Map of South Falcon East Project Claims:
https://skyharbourltd.com/_resources/maps/Sky_SouthFalconEast_20250109.jpg?v=1
Highlights:
- Six holes intercepted uranium mineralization
- Continuity across the deposit confirmed
- Drilling expands mineralized footprint
Terra conducted a helicopter supported drill program at the Property with seven diamond drill holes completed for a total of 1,927m. The first three drill holes were reported in the press release dated March 10 th , 2025.
‘With uranium present in six of seven holes drilled this winter, and the east and west of the property now tied together with mineralization, this was a very successful program, and we believe we have added significant value to the Property,’ said Greg Cameron CEO of Terra Clean Energy. ‘We are seeing wider intervals of mineralization up to 75 metres and more consistent spikes of higher-grade uranium with 0.16% reported in Hole SF0065. The Fraser Lakes Uranium Deposit is shallow in nature making it ideal for an open pit scenario being only 150 metres below surface and not far from a powerline and Cameco’s Key Lake Uranium Mill, making it a unique opportunity, especially in a rising uranium price environment. As we continue to add pounds of uranium and higher grades, this deposit becomes more and more valuable.’
Hole SF0065 was drilled to follow up the results of SF0063, reported in the March 10 th release. It was targeted to intersect the same mineralized pegmatites 60m to the northeast. The hole was completed to a depth of 282m and intersected a 75m wide zone of variably mineralized granitic pegmatites and zones within altered and graphitic pelitic gneiss. A summary of the major zones within this mineralization are shown in Table 1 with the main highlight being an equivalent grade of 0.02% eU 3 O 8 over 17.5m from 204.9m to 222.4m, including 0.16% eU 3 O 8 over 0.3m. A zone of clay alteration and bleaching was intersected from 59m to 68m. The presence of this alteration is a good indication that hydrothermal fluids suitable for deposition of higher-grade uranium deposits moved through the rocks.
2025 Drill Target Areas at the South Falcon East Uranium Project:
https://www.skyharbourltd.com/_resources/images/2025-Drill-Target-areas-at-the-south-Falcon-East-Uranium-Project.png
Hole SF0066 was drilled to a depth of 302m, to follow the clay alteration and mineralized pegmatites to the northwest and assist in characterizing orientation of the clay alteration and associated structure. Drilling intersected a 50m interval containing multiple mineralized granitic pegmatites and zones within altered and graphitic pelitic gneiss. The most notable zone returned an equivalent grade of 0.03% eU 3 O 8 over 3.4m from 214.4m to 217.8m, including 0.1% eU 3 O 8 over 0.1m. The zone of strong clay alteration and bleaching was intersected from 57.5m to 67.5m. Based on oriented core data and intersections on three holes, this alteration package appears to be dipping to the north.
Completed Drill Holes at South Falcon East Uranium Project:
https://skyharbourltd.com/_resources/images/2025-Completed-drill-holes-at-South-Falcon-East-Uranium-Project.png
Hole SF0067 was drilled to a depth of 302m, to extend the mineralized pegmatite package to the north and confirm the interpreted north dipping orientation of the clay alteration. Drilling intersected a 70m interval containing multiple mineralized granitic pegmatites and zones within the altered and graphitic pelitic gneiss package. This interval is noted for the larger number of higher-grade spikes at or above 0.1% eU 3 O 8 intersected compared to the previous drilling in this program. Down-hole gamma logging returned equivalent grades of 0.03% eU 3 O 8 over 4.0m from 219.8m to 223.8m, including 0.13% eU 3 O 8 over 0.2m and 0.01% eU 3 O 8 over 5.5m from 233.7m to 239.2m, including 0.06% eU 3 O 8 over 0.2m in the two widest intervals. The zone of strong clay alteration and bleaching was intersected from 66.5m to 73.5m. Drilling has now extended the deposit to the north and northeast and is still open in this direction. It is interpreted that the clay altered structural zone identified in SF0063, SF0065, SF0066 and SF067 is dipping to the north and will intersect the mineralized and hematite altered graphitic pelitic gneiss and pegmatites approximately 120m to 150m north of the current drilling. A follow-up drill program is currently being planned to test this upgraded target area for a higher-grade unconformity related basement-hosted uranium deposit and additional mineralized pegmatites where these structures and alteration all intersect.
‘I’m very excited to announce we will be conducting a summer drilling program to follow up on the significant results received. We believe we have started to define a new structure on the northeast side of the Property and are hopeful a basement-hosted unconformity uranium deposit, similar to Eagle Point and Rough Rider, is present. Our strategy moving forward is to both increase the size and grade of the Fraser Lakes B deposit and to add additional discoveries to this historical resource,’ said Mr. Cameron.
‘The results from this drilling program are very encouraging. Drilling has shown that the deposit is still open down dip to the northwest, north and northeast,’ commented Trevor Perkins, Vice President of Exploration for Terra. ‘The presence of clay alteration within a structure on the northeast side has upgraded this area. Where this clay alteration intersects the mineralized conductive package is an exciting target as this can bring together many of the key features associated with the known basement-hosted unconformity deposits in the Basin,’ continued Mr. Perkins.
One hole, SF0064, was completed to 239m in the T-Bone Lake area to examine the conductive package and alteration intersected in the area in historical drilling. An extensive package of graphitic metasediments was intersected in this area, characterizing the conductive package. Weak alteration was noted, however no elevated radioactivity was identified. The optimal target in the T-Bone Lake area was not intersected.
Table 1: Mineralized Intersections in Final Three Holes at South Falcon East Project:
https://skyharbourltd.com/_resources/images/Table-1-Mineralized-intersections-in-final-three-holes-at-South-Falcon-East-Uranium-Project.png
Samples of the mineralized intervals within the drill core have been collected and shipped for analysis at the Geoanalytical Laboratory at the Saskatchewan Research Council in Saskatoon, Saskatchewan. Terra will provide more detailed results once geochemical analysis of the collected core samples is completed, reviewed and confirmed.
South Falcon East Project Summary:
The South Falcon East Project is a uranium exploration project in the southeast Athabasca Basin and covers approximately 12,464 hectares. It lies 18 km outside the Athabasca Basin, approximately 50 km east of the Key Lake Mine. Historical exploration at the South Falcon East Project identified an area of U-Th-REE mineralization at the Fraser Lakes Zone B over an area comprising 1.5 km by 0.5 km along an antiformal fold nose cut by an east-west dextral ductile-brittle cross-structure adjacent to a 65 km long EM conductor.
QA/QC, Radiometric Equivalent Grades and Spectrometer Readings:
All drill intervals above are downhole length and sampling procedures and QA/QC protocols for geochemical results as well as a description of downhole gamma probe grade calculations and protocols are below. All drill core samples are shipped to the Saskatchewan Research Council Geoanalytical Laboratories (‘SRC’) in Saskatoon, Saskatchewan under the care of Terra personnel for preparation, processing, and multi-element analysis by ICP-MS and ICP-OES using total (HF:NHO3:HClO4) and partial digestion (HNO3:HCl), boron by fusion, and U3O8 wt% assay by ICP-OES using higher grade standards. Assay samples are chosen based on visual inspection, downhole probing radiometric equivalent uranium grades, and scintillometer (Radiation Solutions RS-125) peaks. Assay sample intervals comprise 0.5 to 1.0 m continuous half-core split samples over the mineralized interval. These samples may also be selected for density determination using the lost wax method. With all assay samples, one half of the split sample is retained and the other sent to the SRC for analysis. SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats are inserted into the sample stream at regular intervals by Terra and SRC in accordance with Terra’s quality assurance/quality control (QA/QC) procedures. Geochemical assay data are subject to verification procedures by qualified persons employed by Terra prior to disclosure.
During active exploration programs, drillholes are radiometrically logged using calibrated downhole Mount Sopris 40TGU or 2GHF probes of varying sensitivities which collect continuous readings along the length of the drillhole. Preliminary radiometric equivalent uranium grades (‘eU 3 O 8 ‘) are then calculated from the downhole radiometric results. The probe is calibrated using an algorithm calculated from the calibration of the probe at the SRC facility in Saskatoon and from the comparison of probe results against geochemical analyses. In the case where core recovery within a mineralized intersection is poor or non-existent, radiometric grades are considered to be more representative of the mineralized intersection and may be reported in the place of assay grades. Radiometric equivalent probe results are subject to verification procedures by qualified persons employed by Terra prior to disclosure.
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-six projects covering over 614,000 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://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-11-21_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.
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Scientists have discovered an estimated US$540 billion worth of lithium beneath California’s Salton Sea, a finding that could reshape the global energy market and reduce US reliance on foreign lithium supply.
The Salton Sea, located in Southern California’s Imperial County, has long been considered an environmental concern due to its receding shoreline and rising air pollution.
Now, researchers funded by the US Department of Energy have confirmed the area holds approximately 18 million metric tons of lithium — far more than previous estimates of 4 million metric tons.
“This is one of the largest lithium brine deposits in the world. This could make the United States completely self-sufficient in lithium and stop importing it through China,” the Daily Galaxy quotes Michael McKibben, a geochemistry professor at the University of California, Riverside, as saying in a Monday (March 24) article.
With global demand for lithium surging due to the rise of electric vehicles and renewable energy storage, California officials are viewing the discovery as a potential economic windfall.
Governor Gavin Newsom has dubbed the Salton Sea region the “Saudi Arabia of lithium,” underscoring its potential to dominate the supply chain for battery production. Local officials have also branded the area as “Lithium Valley,” hoping to generate new revenue streams and job opportunities for Imperial County, one of California’s poorest regions.
Currently, talk is circulating about plans to allocate 80 percent of the revenue from lithium extraction to local development, which could significantly improve infrastructure and public services.
Despite the economic promise, extracting lithium from the Salton Sea’s geothermal brine presents challenges.
The process involves pumping lithium-rich brine from deep underground, separating the lithium and re-injecting the liquid back into the earth. While this technique is considered more environmentally friendly than traditional open-pit mining, it still raises concerns over water consumption, air quality and potential harm to Indigenous lands.
The Colorado River, a critical water source for California, is already facing shortages, and large-scale lithium extraction could further strain the region’s limited water resources.
Additionally, the Salton Sea’s receding lakebed has led to increased levels of toxic dust in the air, which has been linked to rising asthma rates among local residents. Mining operations could exacerbate these public health risks, making environmental safeguards a critical component of any development plans.
Adding to the complexity of lithium extraction is an evolving geopolitical landscape. China, the world’s largest lithium producer, has recently taken steps to tighten control over its battery technology exports.
Jiangsu Jiuwu Hi-Tech (SZSE:30063), a Chinese firm, announced in February that it would halt exports of a key lithium-processing component known as a sorbent. Sorbents are crucial in lithium extraction from brine, and export restrictions could disrupt supply chains for US and European companies looking to develop alternative lithium sources.
The US, the European Union and allied countries have accelerated initiatives such as the Minerals Security Partnership, launched in 2022, to secure alternative sources of lithium and other essential materials.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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Effective immediately, Green River Gold Corp. is suspended pursuant to CSE Policy 3. The suspension is considered a Regulatory Halt as defined in National Instrument 23-101 Trading Rules. A cease trade order has been issued by the Alberta Securities Commissions.
For more information about Cease Trade Orders, visit the Canadian Securities Administrators Cease Trade Order database at www.securities-administrators.ca.
_________________________________
Les activités de Green River Gold Corp. sont suspendues immédiatement, conformément à la politique 3 de la CSE. Cette suspension est considérée comme une suspension réglementaire au sens du Règlement 23-101 sur les règles de négociation. Une ordonnance d’interdiction d’opérations a été émise par la Commission des valeurs mobilières de l’Alberta.
Pour de plus amples renseignements sur les interdictions d’opérations, visitez la base de données des interdictions d’opérations des Autorités canadiennes en valeurs mobilières à l’adresse www.securities-administrators.ca.
| Date : | Le 1 avril/April 2025 |
| Symbol/Symbole : | CCR |
If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com.
Si vous avez des questions ou si vous avez besoin d’informations supplémentaires, veuillez contacter le service des inscriptions au 416 367-7340 ou par courriel l’adresse: Listings@thecse.com.
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Cartier Resources (TSXV:ECR,FSE:6CA) is a Quebec-based gold exploration company driving a high-potential growth story in the prolific Abitibi Greenstone Belt, one of Canada’s premier gold-producing regions. The company is steadily expanding its gold resource base while advancing its flagship Cadillac project into an emerging mining camp east of Val-d’Or.
The Cadillac project is an emerging gold camp with multiple deposits, advanced resource modeling, and a clear development path. Located in a mining-friendly jurisdiction with existing infrastructure, the Cadillac project is ideally positioned to attract development partners, strategic investments or acquisition interest from senior producers.
Cartier projects in the Abitibi Greenstone Belt in Quebec
The Cadillac Project exhibits all the key attributes of a high-potential, development-stage gold asset—strong grade, significant scale, a favorable jurisdiction, established infrastructure, and strategic backing. In addition, Cartier is actively exploring parallel value-creation opportunities, such as reprocessing legacy tailings at the Chimo site and unlocking value from non-core assets like Wilson, Fenton, and Benoist.
Company Highlights
- Cartier Resources’ core asset, the Cadillac project, consolidates the former Chimo Mine and East Cadillac properties into a high-potential district-scale land package on the prolific Larder Lake-Cadillac Fault — host to over 100 million ounces of historic gold production.
- Cartier is launching a 100,000 meter drill program in 2025, one of the largest exploration campaigns in the region, to expand its already substantial gold resources and demonstrate Cadillac’s camp-scale potential.
- Cartier is at the forefront of innovation, deploying AI-assisted mineral discovery tools in partnership with VRIFY to enhance drill targeting and accelerate new discoveries.
- With a 28 percent equity stake, Agnico Eagle is Cartier’s largest shareholder and an active financial partner — a clear vote of confidence in Cartier’s assets and strategy.
- A newly introduced low-capex, ESG-friendly initiative to assess reprocessing of 600,000 tons of historic mine tailings — representing a potential near-term revenue stream.
- Cartier boasts a clean share structure with a market cap of just C$47 million, presenting strong re-rating potential as catalysts are delivered.
This Cartier Resources profile is part of a paid investor education campaign.*
Click here to connect with Cartier Resources (TSXV:ECR) to receive an Investor Presentation
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Pontax Lithium Project, James Bay, Canada
Cygnus Metals Limited (ASX: CY5, TSXV: CYG, OTCQB: CYGGF) is pleased to announce that it has negotiated a two-year extension to its two-stage earn-in with Stria Lithium Inc (‘Stria’) for the Pontax Lithium Project in James Bay, Quebec (‘Pontax’).
In July 2023, Cygnus announced that it had earned 51 per cent of Pontax under the first stage of the earn-in by spending C$4 million on the project and issuing 9,129,825 fully paid ordinary shares in Cygnus (‘Shares’) to Stria.
As a demonstration of the co-operation between Stria and Cygnus, the parties have now agreed that Cygnus has an additional 24 months to satisfy the second stage of the earn-in and earn an additional 19% interest in Pontax, bringing its total interest to 70%.
The extension means that Cygnus has until October 2027 to expend an additional C$2 million on exploration at the project and make a cash payment to Stria of C$3 million, enhancing the likelihood of successful exploration outcomes at Pontax.
As consideration for the extension and subject to TSXV approval, Cygnus will shortly issue 300,000 Shares to Stria utilising the Company’s available Listing Rule 7.1 capacity at a deemed price of A$0.105 per Share (based on the ASX closing price on 1 April 2025). These Shares will be subject to voluntary escrow for a period of 12 months from issue.
This announcement has been authorised for release by the Board of Directors of Cygnus.
David Southam
Executive Chairman
T: +61 8 6118 1627
E: info@cygnusmetals.com
About Cygnus Metals
Cygnus Metals Limited (ASX: CY5, TSXV: CYG, OTCQB: CYGGF) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Launching Industry-Specific Solutions to Drive Subscriber Base in 2nd Quarter 2025
Syntheia Corp. (CSE: SYAI) (‘Syntheia’ or the ‘Company’) (Syntheia.ai), a leading provider of conversational AI solutions for inbound telephone call management is pleased to report subscriptions to our Assistant NLP have surpassed 13,000 meeting management’s expectations for phase one of our marketing strategy.
Phase one focused on a broad marketing effort targeting the global small-to-medium business (SMB) market segment. As previously reported, the majority of our subscribers come from regions where English is a second language. Today, management reaffirms its revised growth target of 100,000 subscribers by the end of 2025.
Syntheia has developed an industry-specific solution for the medical industry tailored to the needs of doctors’ offices and wellness clinics. This solution is designed to enhance patient interactions by facilitating inquiries, scheduling appointments, and providing responses based on patient needs detected in conversation. In consultation with industry professionals, AssistantNLP has been optimized around three core pillars:
Smart Answers – Industry-specific answers to common patient questions.
Intelligent Interactions – On-going conversational knowledge learning.
Answer Calls 24/7 – Active around the clock – maximizing patient communications.
Furthermore, we are actively developing industry-specific solutions tailored to the needs of:
- Law Firms
- Investment Advisors and Financial Planners
- Real Estate Offices
- Mortgage Brokers
- Restaurants
By aligning our platform’s capabilities with the unique demands of these industries, we aim to drive continued growth and reinforce our market position.
‘We continue to commercialize and grow the platform and this is where the power of Syntheia’s AI capabilities come into play for scalability, adoption, and marketability,‘ commented Paul Di Benedetto, Chief Technology Officer. ‘Our focus on system automations and artificial intelligence allows us to streamline our operations, drive down operational costs and maximize brand awareness and sales growth.‘
About Syntheia
Syntheia is an artificial intelligence technology company which is developing and commercializing proprietary algorithms to deliver human-like conversations. Our SaaS platform offers conversational AI solutions for both enterprise and small-medium business customers globally.
For further information, please contact:
Tony Di Benedetto
Chief Executive Officer
Tel: (844) 796-8434
Cautionary Statement
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘may’, ‘will’, ‘would’, ‘potential’, ‘proposed’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Forward-looking statements in this news release include, but are not limited to the Company’s mission and business objectives, the Company’s efforts to grow brand awareness, customer base and sales and the development of new features for the Company’s services. Readers are cautioned that forward‐looking information is not based on historical facts but instead reflects the Company’s management’s expectations, estimates or projections concerning the business of the Company’s future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made.
Although the Company believes that the expectations reflected in such forward‐looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Please refer to the Company’s listing statement available on SEDAR+ for a list of risks and key factors that could cause actual results to differ materially from those projected in the forward‐looking information. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.
Cartier Resources Inc. (TSX-V: ECR) (‘ Cartier ‘ or the ‘ Corporation ‘) announces the execution, on March 31, 2025, of an amending agreement (the ‘ Amending Agreement ‘) further to the engagement letter dated March 20, 2025 between Paradigm Capital Inc. (the ‘ Agent ‘) and the Corporation (the ‘ Engagement Letter ‘) with respect to its previously announced ‘best efforts’ private placement offering of securities of Cartier (the ‘ Offering ‘).
The Amending Agreement was concluded to address potential impacts of several tax measures unveiled on March 25, 2025 by the Minister of Finance (Québec) in connection with his 2025-2026 budget (the ‘ 2025 Québec Budget ‘).
The Offering will continue to raise aggregate gross proceeds for the Corporation of up to approximately $7,300,160 (subject to a potential increase thereof for additional gross proceeds of up to $1,095,024 in accordance with the exercise of the Agent’s Option, as further described below).
The Offering remains a combination of: (a) units of the Corporation issued on a charitable flow-through basis that will qualify as ‘flow-through shares’ within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the ‘ Tax Act ‘) and section 359.1 of the Québec Tax Act (the ‘ Premium FT Units ‘) for gross proceeds of approximately $5,000,200; and (b) units of the Corporation (the ‘ Hard Dollar Units ‘) and, together with the Premium FT Units, the ‘ Offered Securities ‘) at $0.13 per Hard Dollar Unit for gross proceeds of $2,299,960. Each Premium FT Unit consists of one common share in the capital of the Corporation (each a ‘ Common Share ‘) and one common share purchase warrant (each a ‘ Premium FT Warrant ‘), with each such Common Share and Premium FT Warrant qualifying as a ‘flow-through share’ within the meaning of subsection 66(15) of the Tax Act and section 359.1 of the Québec Tax Act. Each Hard Dollar Unit consists of one Common Share of the Corporation and one common share purchase warrant (each a ‘ Hard Dollar Warrant ‘), and for certainty, each such Common Share and Hard Dollar Warrant will not qualify as a ‘flow-through share’.
Under the Engagement Letter, the subscription price of the Premium FT Units (the ‘ FT Subscription Price ‘) was set on March 20, 2025 at $0.23 per FT Unit, based on certain tax benefits then available under the Quebec Tax Act and the Tax Act, including, but not limited to, the Québec Capital Gain Exemption and Québec Additional Deductions (each as defined herein).
The 2025 Québec Budget introduced major changes to the flow-through share regime under the Taxation Act (Québec) (the ‘ Québec Tax Act ‘), including the following measures (collectively, the ‘ 2025 Québec Budget Amendments ‘):
| (a) | abolition of the capital gains exemption in respect of the disposition of certain ‘resource property’ (within the meaning of the Québec Tax Act) (the ‘ Québec Capital Gain Exemption ‘); and | |
| (b) | abolition of both (i) the additional 10% deduction under the Québec Tax Act in respect of certain exploration expenses incurred in Québec and (iii) the additional 10% deduction under the Québec Tax Act in respect of certain surface mining exploration expenses incurred in Québec (collectively, the ‘ Québec Additional Deductions ‘). |
However, the 2025 Québec Budget provides that the abolition of the Québec Additional Deductions will not apply to flow-through shares issued after March 25, 2025 if they are issued following a public announcement made no later than March 25, 2025 (which is the case of the Offering), provided furthermore that a report of exempt distribution is filed with the Autorité des marchés financiers no later than May 31, 2025 (the ‘ Grandfathering Exception ‘).
Considering the potential impacts of the 2025 Québec Budget Amendments as announced on March 25, 2025, the Corporation, on March 31, 2025, (a) entered into the Amending Agreement; and (b) entered into a subscription and renunciation agreement with PearTree Securities Inc. (‘ PearTree ‘), on behalf of certain disclosed principals (the ‘ Subscription and Renunciation Agreement ‘).
Pursuant to the Subscription and Renunciation Agreement, a mechanism was introduced to allow for the adjustment of the FT Subscription Price to $0.205 or $0.182 from $0.23 (i.e. the price initially agreed upon on March 20, 2025 under the Engagement Letter) depending on whether the Québec Capital Gain Exemption and/or Québec Additional Deductions are determined on the Closing Date (as defined herein) to be available in respect of the Offering, based on any written statements that are issued by the Minister of Finance (Québec) to clarify the scope of the 2025 Québec Budget Amendments and the Grandfathering Exception. Under the Subscription and Renunciation Agreement, corresponding adjustments would also be made to the number of Premium FT Units issued so as to retain approximately the same aggregate gross subscription proceeds.
All of the other material terms of the Offering remain unchanged, including the following:
- The gross proceeds from the sale of the Premium FT Units will be used by the Corporation to incur eligible ‘Canadian exploration expenses’ that qualify as ‘flow-through mining expenditures’ (as both terms are defined in the Tax Act) (the ‘ Qualifying Expenditures ‘) related to the projects of the Corporation in Québec. The Qualifying Expenditures will be renounced in favour of the subscribers of the Premium FT Units with an effective date no later than December 31, 2025 and in an aggregate amount of not less than the total amount of the gross proceeds raised from the issuance of the Premium FT Units.
- Each Premium FT Warrant and Hard Dollar Warrant will entitle the holder thereof to acquire one Common Share of the Corporation (each a ‘ Warrant Share ‘) on a non-flow-through basis at an exercise price of $0.18 for a period of 5 years following the Closing Date (as herein defined).
- The Corporation will grant the Agent an option (the ‘ Agent’s Option ‘), exercisable up to 48 hours prior to the Closing Date (as herein defined), to sell that number of Offered Securities for additional gross proceeds of up to $1,095,024.
The Offering is being made by way of private placement in Canada. The Offered Securities will be subject to a four month and one day hold period under applicable securities laws in Canada. The Offering is expected to close on or about April 14, 2025 (the ‘ Closing Date ‘), subject to the satisfaction or waiver of customary closing conditions, including the conditional listing approval of the TSX-V.
About Cartier Resources Inc.
Cartier Resources Inc., founded in 2006, is an exploration company based in Val-d’Or. The Corporation’s projects are all located in Québec, which consistently ranks among the world’s top mining jurisdictions. Cartier is advancing the development of its flagship Cadillac project, consisting of the Chimo Mine and East Cadillac properties, and its other projects. The Corporation has corporate and institutional support, including Agnico Eagle and Québec investment funds.
This news release does not constitute an offer of securities for sale in the United States. The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold in the United States absent registration in the United States or an applicable exemption from the registration requirements in the United States.
Cautionary Note Regarding Forward-Looking Information
This news release contains ‘forward-looking information’ within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance including in respect of the use of proceeds of the Offering, closing of the Offering and the tax treatment of the flow through shares (often but not always using phrases such as ‘expects’ or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Corporation nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Corporation does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
For more information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Phone: 819-856-0512
Email: philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com
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