Don Durrett of GoldStockData.com outlines current gold and silver market dynamics, explaining why the metals continue to rise and how high they could go in the future.
He also shares his current gold and silver stock strategy.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Corazon Mining (CZN:AU) has announced Completes Two Pools Gold acquisition
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Carbonxt Group (CG1:AU) has announced Convertible Note and Placement
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Steadright Critical Minerals Inc. (CSE: SCM) (“Steadright” or the “Company”) is pleased to announce that it has entered into an MOU to purchase two additional claims contiguous to the TitanBeach Titanium Project along the shores of the Coastal waters of the Atlantic Ocean. These two additional exploration Licenses will add another 32 Sq. km’s to the 12 existing claims of 192 Sq. Km’s within NSM Capital Sarl (“NSM”) once the MOU purchase agreement is finalized.
Steadright Critical Minerals Inc. has entered into an MOU agreement with an Intermediator, a research and exploration mining corporation out of Laayoune, Morocco. According to the MOU agreement Steadright will pay up to $150,000 USD for two exploration licenses in a deal currently being finalized, and add them to NSM Capital Sarl, a Moroccan run company. Steadright is a shareholder of NSM Capital, which is operated as a Moroccan Corporation, with 75% of the common shares. There will be no Net Smelter Royalty on the two new exploration licenses to be acquired. NSM Capital Sarl controls 100% the Mineral Licenses known as the TitanBeach Titanium Project.
Exploration work continues on the TitanBeach Titanium Project and NSM expects a larger exploration program to commence in November 2025, with its Moroccan exploration team being involved. NSM Capital Sarl continues to work with officials for their input, as part of the process for a comprehensive plan that involves applying for a Mining and Environmental License in November.
Steadright’s CEO, Mr. Matt Lewis states, “Government and local support are key aspects of any mining operation. Moroccan officials have been extremely professional and helpful throughout the company’s rapid growth process, and we are very grateful. The various Moroccan agencies and our Moroccan team on the ground are second-to-none when it comes to getting things done.”
Titanium Dioxide (TiO2). Titanium Dioxide is classified as a Critical and Strategic Mineral in the U.S., Canada, Europe, and a significant amount of the world’s other countries. With only a few of the world’s suppliers dominating the market, TiO2 is in strong demand.
ABOUT STEADRIGHT CRITICAL MINERALS INC.
Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright has been focused in 2025 on finding exploration projects that can be brought into production within the critical mineral space. Steadright is focused on near-term production in Morocco. Steadright currently is also renegotiating an option on the RAM property near Port Cartier, Quebec within the Côte-Nord Region, which is accessible by Route 138. The RAM project is located on an Anorthositic complex that is in a highly prospective geological unit and historically been under-explored for Ni, Cu, Co and precious metals.
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, please contact:
Matt Lewis
CEO & Director
Steadright Critical Minerals Inc.
Email: info@steadright.ca
Website: www.steadright.ca
Phone: 1-905-410-0587
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of Steadright to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: there is no certainty that the ongoing programs will result in significant or successful exploration and development of Steadright’s properties; uncertainty as to the actual results of exploration and development or operational activities; uncertainty as to the availability and terms of future financing on acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; general business, economic, competitive, political and social uncertainties; capital market conditions and market prices for securities, junior market securities and mining exploration company securities; commodity prices; the actual results of current exploration and development or operational activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation or income tax legislation, affecting Steadright; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals.
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
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.
“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.”
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.
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.”
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.
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.
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
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
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
The gold price rose to repeated record highs during the third quarter of the year, breaking through significant milestones of US$3,700 and US$3,800 per ounce.
The price rises were fueled by several factors, including safe haven demand led by economic uncertainty as US tariffs continued to impact the broader economy, as well as falling interest rates following the US Federal Reserve’s 25-basis-point cut to its benchmark rate in September.
Additionally, a government shutdown provided even more momentum on September 29, as Democrats and Republicans failed to reach a funding agreement. It marked the first time in seven years that lawmakers were not able to close funding gaps, forcing a shutdown of most federal government offices.
The gold bull market has been a boon for gold producers following several years of increasing costs and smaller margins, and has also lifted gold exploration and development companies.
Data for this article was retrieved on October 1, 2025, using TradingView’s stock screener, and only companies with market capitalizations greater than C$10 million are included.
Year-to-date gain: 390.63 percent
Market cap: C$204.34 million
Share price: C$1.57
Talisker Resources is a gold exploration and development company focused on advancing its flagship Bralorne gold project in British Columbia, Canada, towards production from the Mustang underground mine.
The brownfield project consists of the historic Bralorne mine complex, which hosts three past-producing mines: Bralorne, Pioneer and King. Throughout their lifetimes, these mines produced 4.2 million ounces of gold, but operations were halted in 1971 due to low gold prices.
A January 2023 resource estimate outlines an indicated resource of 33,000 ounces of gold from 117,000 metric tons of ore with an average grade of 8.9 grams per metric ton (g/t) gold, along with an inferred resource of 1.63 million ounces from 8 million metric tons of ore at 6.3 g/t.
On January 8, Talisker announced that its 2025 Mustang mine plan had been reviewed by inspectors from the BC Ministry of Mines and Critical Minerals, and on February 11, the company indicated that early-stage work at the site had begun and was on schedule. Further updates throughout the first and second quarters indicated that development was continuing, noting the blasting of a diamond drill bay on March 26 and the lateral development toward the Alhambra vein on April 9.
On July 30, Talisker reported that it entered into three definitive agreements with metals trader Ocean Partners, including two sales agreements, under which Ocean Partners will buy 100 percent of gravity and sulfide gold concentrates produced under Talisker’s current milling agreement. The third agreement makes Ocean Partners the exclusive agent for end-to-end transport of concentrates from the mill to international buyers.
The most recent update from the mine came on September 8, when Talisker announced that it had completed its first sale, selling 707 ounces of gold from Bralorne for US$2.3 million. The company stated that the sale marked a key milestone as it transitions from developer to active producer.
After climbing through Q3, shares of Talisker reached a year-to-date high of C$1.66 on October 6.
Year-to-date gain: 347.46 percent
Market cap: C$504.70 million
Share price: C$1.32
Troilus Gold is advancing its namesake property in Northern Québec, Canada. The project is situated within the region covered by Plan Nord, a 25 year, C$80 billion development initiative focused on mining launched by the Government of Québec.
A May 2024 feasibility study for the Troilus project revealed financials with a post-tax net present value of US$884.5 million, an internal rate of return of 14 percent and a payback period of 5.7 years based on a gold price of US$1,975 per ounce.
The included mineral resource estimate reports a probable mineral reserve of 6.02 million ounces of gold from 380 million metric tons of ore at an average grade of 0.49 g/t gold. It also hosts probable copper and silver reserves of 484 million pounds and 12.15 million ounces respectively.
Troilus has spent much of 2025 raising funds for the project’s development. The most significant came on March 13, when the company executed a mandate letter for a non-binding term sheet to arrange a debt financing package of up to US$700 million. The package is underpinned by four letters of intent from global export credit agencies in late 2024 for up to US$1.3 billion in combined potential financing.
On June 18, the company entered into an offtake agreement for gold-copper concentrate with German smelting company Aurubis (OTC Pink:AIAGF,XETRA:NDA), and the two companies signed a memorandum of agreement on August 26, establishing terms for the long-term offtake deal.
On July 10, Troilus entered into another commercial offtake agreement for copper and gold concentrates, this time with global metals company Boliden.
According to Troilus, these offtake agreements will be executed in connection with the previously announced US$700 million in debt financing.
Shares of Troilus reached a year-to-date high of C$1.42 on October 6.
Year-to-date gain: 300 percent
Market cap: C$72.47 million
Share price: C$0.18
Euro Sun Mining is a development-stage company advancing its Rovina Valley copper-gold project in Romania. The project’s mining license received full approval for 20 years in 2018, with the option to renew it in five year increments.
An updated feasibility study from March 2022 shows a post-tax net present value of US$512 million and an internal rate of return of 20.5 percent, assuming a base case gold price of US$1,675 and a copper price of US$3.75 per pound.
Proven and probable mineral reserve estimates for the site include 1.84 million ounces of gold and 197,522 metric tons of copper from 123.3 million metric tons of ore with an average grade of 0.47 g/t gold and 0.16 percent copper.
Shares of Euro Sun saw significant gains around the same time as a March 25 announcement that the EU included Rovina Valley on its first list of strategic assets. The inclusion, which Euro Sun applied for in May 2024, will enable the company to expedite permitting at Rovina Valley and shorten the development timeline.
On May 7, Euro Sun reported it met with Romania’s Minister of the Environment to discuss the advancement of the project. Both parties agreed that a single point of contact was needed to ensure compliance and fulfill requirements under the CRMA framework. The company plans to submit an updated environmental act in the near future.
On June 20, Euro Sun signed a copper concentrate prepayment facility for up to US$200 million with private metals trader Trafigura, with the funding going toward permitting and investment to advance Rovina over the next 18 months.
Then, on July 11, the companies entered into a definitive pre-development facility agreement, with Trafigura making a facility of up to US$2.5 million available to Euro Sun for general corporate purposes while negotiating the terms of the US$200 million prepayment facility.
Euro Sun and Trafigura also agreed to a binding offtake agreement for up to 100 percent of commercial production for nine years or until a specified quantity of metals is delivered.
Shares of Euro Sun reached a year-to-date high of C$0.235 on August 14.
Year-to-date gain: 282.5 percent
Market cap: C$369.28 million
Share price: C$3.06
Vista Gold is a development company advancing its flagship Mount Todd project in the Northern Territory, Australia, to production. The site covers an area of 153,700 hectares and hosts two significant gold deposits, Batman and Quigley.
Vista Gold has invested more than US$110 million since it acquired the property in 2006, with expenses including more than 60,000 meters of drilling along with metallurgical testing. The company has also received environmental and operating permits to begin development at Mount Todd.
On July 29, Vista Gold released its feasibility study for Mount Todd evaluating near-term development of a smaller, 15,000 metric ton per day operation compared to the option in 2024’s feasibility study. The new report demonstrated strong project economics, indicating an after-tax net present value of US$1.1 billion, with an internal rate of return of 27.8 percent and a payback period of 2.7 years, assuming a gold price of US$2,500 per ounce.
Once complete, the mine is expected to produce an average of 146,000 ounces of gold per year over a 30 year mine life, with an average of 153,000 ounces of gold over the first 15 years.
Additionally, an included updated mineral resource estimate reports a measured and indicated resource of 9.12 million ounces of contained gold from the property, with an average grade of 0.83 g/t, derived from 340.43 million metric tons of ore.
Shares in Vista Gold spiked in September, reaching a year-to-date high of C$3.08 on September 19.
Year-to-date gain: 250 percent
Market cap: C$473.98 million
Share price: C$2.45
International Tower Hill Mines is an exploration and development company focused on advancing its Livengood gold property in Alaska, US.
The property, situated in the Tolovana Mining District, comprises multiple patented, state, and federal mining claims spanning an area of 19,546 hectares. Extensive gold exploration has been conducted at the site since the early 1900s, resulting in the production of more than 500,000 ounces of gold in the area.
A 2021 pre-feasibility study demonstrated a significant resource: The site hosts proven and probable reserves of 9 million ounces of gold with an average grade of 0.65 g/t gold from 430.1 million metric tons of ore.
The economic case suggested an after-tax net present value of US$45 million, with an internal rate of return of 5.3 percent and a payback period of 10.4 years, assuming a gold price of US$1,680 per ounce.
International Tower Hill Mines announced on March 4 that it had completed a non-brokered private placement for gross proceeds of US$3.9 million.
The funds were largely earmarked for a US$3.7 million work plan announced on March 12, with a significant focus on the metallurgical study of antimony mineralization in the stibnite at the Livengood gold project. The plan also includes advancing baseline environmental data collection and waste rock geochemical analysis to support permitting efforts, as well as community engagement.
Results from the metallurgical tests, released on September 4, indicated that the stibnite at Livengood also carried significant grades of antimony, with one assay sample submitted for revaluation returning a grade of 4.19 g/t gold and 2.75 percent antimony.
The company stated that the results warrant a further phase of test work to assess how the samples respond to flotation and determine the characteristics of any resulting concentrates.
Shares in International Tower Hill Mines reached a year-to-date high of C$2.60 on October 3.
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.