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Nextech3D.ai (CSE:NTAR,OTCQB:NEXCF,FSE:1SS) is a pure-play AI and blockchain company transforming the global event and ticketing industry. Its end-to-end event management platform powers every stage of live, virtual, and hybrid events—from registration and ticketing to engagement and analytics.

With the acquisitions of Eventdex and the Event Token ecosystem, Nextech3D.ai now offers a fully unified platform combining AI matchmaking, blockchain ticketing, registration, mobile apps, and badge printing in one seamless, secure system—eliminating the fragmentation of traditional event tech.

Backed by 500+ returning customers and a 95% retention rate, Nextech3D.ai generates predictable SaaS-style revenue with 88 percent gross margins. The company is now scaling rapidly, driven by the rollout of blockchain ticketing and AI-powered event automation.

Company Highlights

  • AI + Blockchain Convergence: Nextech3D.ai delivers a unified, full-stack platform for event management, ticketing and conferences, combining AI automation and blockchain ticketing into a single ecosystem that powers the entire event lifecycle.
  • Disrupting a Legacy Industry: Positioned to modernize a global +$85 billion event and ticketing market, Nextech’s integrated platform replaces fragmented vendor systems with one intelligent, secure and data-driven solution.
  • Recurring High-margin Growth: With 88 to 95 percent gross margins, over 500 recurring customers, and a 95 percent retention rate, Nextech operates a SaaS-style business model built on predictable, repeat revenue.
  • Blockchain Ticketing First Mover: Its Ethereum-based blockchain ticketing and Event Token ecosystem eliminate fraud and enable programmable resale royalties, sponsor airdrops and cross-event loyalty rewards.
  • Founder-led with Strong Insider Alignment: CEO Evan Gappelberg is the company’s single largest shareholder with approximately 30 million shares, ensuring management’s interests are fully aligned with long-term investors.
  • Strategic Growth Path to Profitability: With disciplined cost control, sequential quarterly growth, and new integrations via the Eventdex acquisition, Nextech3D.ai is entering a period of accelerating revenue and sustainable profitability

This Nextech3D.ai profile is part of a paid investor education campaign.*

Click here to connect with Nextech3D.ai (CSE:NTAR,OTCQB:NEXCF, FSE:1SS) to receive an Investor Presentation

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Investor Insight

Blue Sky Uranium provides exposure to Argentina’s largest NI 43-101 uranium resource, positive project economics at the flagship Ivana Deposit, and an option/joint venture (JV) that funds advancement through feasibility and construction without near-term equity dilution.

Company Overview

Blue Sky Uranium (TSV:BSK,OTC:BKUCF) is emerging as a frontrunner in uranium exploration and development in Argentina. As a member of the Grosso Group, which has pioneered resource exploration in Argentina since 1993 and been involved in four major mineral discoveries, Blue Sky benefits from deep regional expertise and established relationships.

Blue Sky’s flagship Amarillo Grande project, located in Río Negro Province, is a district-scale uranium–vanadium system extending 145 km over approximately 300,000 hectares. Within this project lies the Ivana deposit, Argentina’s largest NI 43-101-compliant uranium resource. The Amarillo Grande project was an in-house discovery by Blue Sky and has the potential to make the company the country’s first domestic uranium supplier as well as an emerging international producer.

To advance the Ivana deposit, Blue Sky established Ivana Minerales (IMSA), a joint venture company with its partner Abatare Spain (COAM), part of Corporación América Group. Under the agreement, COAM can fund up to US$35 million to earn a 49.9 percent indirect interest in Ivana, and may earn up to 80 percent by completing a feasibility study and funding up to US$160 million in development and construction costs to bring the project to commercial production.

The Río Negro Provincial Mining Authority registered the transfer of mining rights to IMSA on June 10, 2025, formally recognizing IMSA as the operating company for the Ivana uranium-vanadium project. IMSA also holds a call option to acquire 100 percent of certain exploration targets surrounding Ivana, subject to additional payments and a 2 percent royalty.

Beyond Amarillo Grande, Blue Sky is expanding its portfolio with projects in the Neuquen Basin targeting uranium deposits amenable to in-situ recovery (ISR) methods, further diversifying its growth potential in line with these positive market trends.

Company Highlights

  • Significant Uranium Resource: Controls the largest NI 43-101 compliant uranium resource in Argentina with 17 Mlbs U3O8 in indicated resources and 3.8 Mlbs in inferred resources, plus valuable vanadium credits.
  • Low-cost Production Potential: Near-surface mineralization with no blasting required, hosted in loosely consolidated sediments, making for potentially low mining costs.
  • Strategic JV Partnership: Secured an earn-in agreement with COAM to advance the Ivana deposit with no funding required by Blue Sky through development. COAM will spend up to US$35 million to earn up to a 49.9 percent interest, and can further earn up to 80 percent by funding development costs to production (up to US$160 million).
  • Strong Uranium Market Fundamentals: Global uranium market faces supply deficits with increasing demand from nuclear power generation, with prices strengthening significantly since 2023.
  • Domestic Market Opportunity: Argentina has three operational nuclear plants with others under construction or planned, yet imports all uranium for fuel. National legislation guarantees purchase of domestically produced uranium.
  • ISR Project Pipeline: New projects in the Neuquen Basin provide future growth through potential in-situ recovery operations, a method that produces 57 percent of the world’s uranium with minimal environmental impact.

Key Projects

Amarillo Grande Project (Flagship)

The Amarillo Grande project, located in Rio Negro Province, is Blue Sky’s cornerstone asset and a district-scale opportunity in Argentina’s uranium sector. Spanning 145 km and covering approximately 300,000 hectares, this project encompasses three main property areas: Ivana, Anit and Santa Barbara. Each area contributes to the project’s significant potential as an emerging uranium-vanadium district.

Ivana Deposit Highlights

  • Resource: 19.7 million tons (Mt) of indicated resources grading 333 parts per million (ppm) uranium and 105 ppm vanadium, containing approximately 17 million pounds (Mlbs) of U3O8 and 8.1 Mlbs of V2O5. Additionally, the deposit hosts 5.6 Mt of inferred resources grading 262 ppm uranium and 109 ppm vanadium, containing approximately 3.8 Mlbs of U3O8 and 2.4 Mlbs of V2O5. Importantly, about 80 percent of the current resource is classified in the higher-confidence indicated category, providing a solid foundation for economic studies and development planning.
  • Gap Analysis toward PFS/DFS: Led by M3 Engineering, SRK, Hidroar and Lionsgate to define remaining work, sequence and initial capex/opex framework.

Ivana Gap and Ivana Central (near-deposit targets)

  • New geophysical results: Single ET/IP line at Ivana Gap outlined a ~1,400-m-wide chargeability anomaly at ~30–60 m depth, interpreted as the northerly extension of the Ivana redox front trend; Q4/25 diamond drilling planned.

Anit

The Anit property located north of Ivana, features a remarkable 15-kilometer airborne radiometric anomaly with extensive surface uranium and vanadium mineralization. Historical drilling along a 5.5-kilometer stretch averaged 2.6 meters at 0.03 percent U3O8 and 0.075 percent V2O5, indicating significant mineralization potential throughout the property. Blue Sky retains 100 percent control of this area, providing substantial upside beyond the Ivana deposit that is currently the focus of the COAM joint venture.

Santa Barbara

The Santa Barbara property represents the company’s initial uranium discovery in the Rio Negro basin, made in 2006. This property exhibits widespread uranium and vanadium mineralization along an 11-kilometer surface trend. While exploration here is less advanced than at Ivana, the geological similarities and surface indicators suggest potential for both near-surface mineralization and deeper blind deposits that could be identified through future exploration campaigns.

ISR Projects

Blue Sky maintains two projects in the Neuquén Basin — Chihuidos (100-percent-owned, 60,000 ha) and Corcovo (20,000 ha under option) — targeting uranium deposits potentially amenable to in-situ recovery (ISR) methods. These projects leverage extensive historical oil and gas well and seismic data to identify subsurface uranium targets. Both projects remain part of Blue Sky’s medium-term growth pipeline. ISR methods currently produce over half of the world’s uranium and align with the Company’s focus on low-cost, low-impact development

San Jorge Basin Projects

Blue Sky also secured strategic positions in the San Jorge Basin: the Sierra Colonia and Tierras Coloradas projects. While less advanced than the Amarillo Grande project, these properties have been selected based on favorable geological characteristics and historical indicators of uranium mineralization. The company is applying the exploration model and expertise developed at Amarillo Grande to efficiently evaluate and advance these prospects.

Management Team

Joseph Grosso – Chairman and Director

Founder of Grosso Group Management, Joseph Grosso has been a pioneer in Argentina’s exploration and mining sector since 1993. He was involved in multiple major discoveries in Argentina, including the Gualcamayo gold mine, Navidad silver project, and Chinchillas silver-lead-zinc mine.

Nikolaos Cacos – President and CEO, Director

Nikolaos Cacos is one of the company’s founders with over 35 years of management experience in mineral exploration. He has extensive expertise in strategic planning and administration of public resource companies.

David Terry – Technical Advisor and Director

David Terry is a professional economic geologist with over 30 years in the resource sector. He has extensive experience in exploration, development and project management in the mining industry.

Martin Burian – Director

Martin Burian holds ICD.D (Institute of Corporate Directors) and chartered professional accountant designations. He has a 30-year career in investment banking to the mining sector, is currently managing director at RCI Capital Group and held similar senior positions at Haywood Securities, Bolder Investment Partners and Canaccord Capital. Burian is an independent member of several other public company boards where his roles include chairman, lead independent director and audit committee chair, as well as privately-held Heffel Gallery Limited, where he is also part-time CFO. Burian’s early career was with KPMG where he obtained his CPA and CBV designations.

Pompeyo Gallardo – VP Corporate Development

Pompeyo Gallardo brings 29 years of experience in corporate finance, with strengths in budgeting and control, project structuring, project financing, and financial modeling and analysis.

Darren Urquhart – CFO

A chartered professional accountant, Darren Urquhart has 20 years of experience in public practice and industry.

Connie Norman – Corporate Secretary

Connie Norman has extensive experience in corporate secretarial and regulatory compliance services for public companies.

Guillermo Pensado – Technical Consultant

Guillermo Pensado is a geologist with extensive experience in the mining sector. He is now focused on the Ivana JV operations.

Luis Leandro Rivera – General Manager (JVCO)

Recently appointed to lead the Ivana joint venture company, Luis Leandro Rivera brings 30 years of experience in all facets of mining from exploration to operations, including most recently serving as senior vice-president of the Latin American region for AngloGold Ashanti, where he oversaw management of four mines in two countries.

1 PEA is preliminary in nature and is intended to provide an initial assessment of the project’s economic potential and development options. The PEA mine schedule and economic assessment includes numerous assumptions and is based on both Indicated and Inferred mineral resources. Inferred resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA results will be realized. Mineral resources are not mineral reserves and do not have demon-strated economic viability. Additional exploration will be required to potentially upgrade the classification of the inferred mineral resources to be considered in future advanced studies.

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As the artificial intelligence (AI) market continues to grow, there are many AI stocks for investors to choose from on top exchanges like the NASDAQ, TSX and ASX.

AI technology has made strong inroads into several key industries, including logistics, manufacturing, finance, healthcare, customer service and cybersecurity.

While artificial intelligence has been around for a long time, this explosion in popularity is due to advancements in generative AI, starting with the release of OpenAI’s ChatGPT. Since then, many major tech firms entered the space with their own generative AI offerings or now include AI technology in their own innovative products.

A McKinsey technology trends report states that, ‘AI is a widely applicable, general-purpose technology with use cases in every industry and business function—and thus lots of innovation and interest—and it is scaling rapidly across the business landscape.’

American AI stocks

According to Ascendix, there are around 90,000 AI companies worldwide, of which 32 percent are headquartered in the United States.

One of the major factors fueling growth in the American AI market, states Statista, is “the growing investments and partnerships among technology companies, research institutions, and governments.’

Below are three of the top US AI stocks by market cap. For more US AI stocks, check out our list of 12 generative AI stocks and 5 AI ETFs.

1. NVIDIA (NASDAQ:NVDA)

Market cap: US$4.59 trillion

The global leader in graphics processing unit (GPU) technology, NVIDIA is designing specialized chips used to train AI and machine-learning models for laptops, workstations, mobile devices, notebooks and PCs.

The company is partnering with a number of big-name tech firms to bring various key AI products to market.

Through its partnership with Dell Technologies (NYSE:DELL), NVIDIA is developing AI applications for enterprises, such as language-based services, speech recognition and cybersecurity.

The chipmaker has also been instrumental in the buildout of Meta Platforms’ (NASDAQ:META) AI supercomputer. Called the Research SuperCluster, it reportedly uses a total of 16,000 NVIDIA GPUs.

In early 2024, Taiwan Semiconductor Manufacturing Company (NYSE:TSM) and NVIDIA released the world’s first multi-die chip specifically designed for AI applications: the Blackwell GPU. Blackwell’s architecture allows for the increased processing power needed to train larger and more complex AI models.

NVIDIA’s biggest AI news for 2025 concerns its US$100 billion partnership with OpenAI announced on September 22. NVIDIA will fund a massive data center buildout to become the backbone of OpenAI’s superintelligence ambitions.

2. Microsoft (NASDAQ:MSFT)

Market cap: US$3.9 trillion

Microsoft has committed billions to OpenAI, but the tech behemoth has also built its own AI solutions based on the chatbot creator’s technology: Bing AI and Copilot. OpenAI officially licensed its technologies to Microsoft in 2020.

In late May 2024, Microsoft unveiled its Copilot+ Windows PCs, its first range of AI-equipped PCs. According to the company, they are the “fastest, most intelligent Windows PCs ever built.”

An update to Windows 11 in October 2024 included upgrades to the Copilot artificial intelligence platform capabilities, including the introduction of the ability to speak directly to the AI helper.

Microsoft’s moves into generative AI have translated into higher revenues for its Azure cloud computing business and a higher market capitalization — the tech giant pushed past the US$3 trillion mark in January 2024 and its managed to maintain that level up even after the March 2025 stock sell-off as a result of tariffs and trade wars by US President Donald Trump.

Microsoft announced an US$80 billion investment in US-based AI infrastructure earlier this year, followed by the integration of its Copilot AI tools into Microsoft 365. In October 2025, the company launched an open source framework that will allow developers to build out agentic AI applications.

3. Alphabet (NASDAQ:GOOGL)

Market cap: US$2.96 trillion

Alphabet holds court with both Microsoft and NVIDIA as part of the tech sector’s Magnificent 7, and its foray into AI has similarly brought the tech giant much success. The company has created the AI chatbot Gemini, formerly known as Bard, which is integrated into products such as its Google Suite, the Chromecast browser and the Google Pixel phone line.

Alphabet’s market cap surpassed the US$2 trillion mark in April 2024. That same month, Google introduced a custom AI chip designed for its cloud services customers. The technology uses British semiconductor company Arm Holding’s (NASDAQ:ARM) AI architecture. In the same week, Google revealed its new A3 Mega AI processor based on NVIDIA’s H100 Technology.

At the NVIDIA GTC 2025 conference, Alphabet and NVIDIA announced a series of AI-focused partnerships in the sectors of robotics, drug discovery and manufacturing.

As of October 2025, Alphabet is testing a Gemini AI app redesign with the goal of improving user experience and increasing engagement through more visuals and scrolling feed rather than a chat interface.

Canadian AI stocks

Recognized as a world-leading AI research hub, Canada ranks eighth out of 83 countries in the Global AI Index. Since 2017, the Canadian government has invested hundreds of millions of dollars into accelerating the research and commercialization of AI technology in the country through the Pan-Canadian AI Strategy.

Research by IBM (NYSE:IBM) shows Canadian businesses are increasingly adopting AI, with 56 percent of IT professionals in large enterprises reporting that they plan to increase deployment the technology in their operations for 2025.

Below are three of the top Canadian AI stocks by market cap. For more Canadian AI stocks, take a look at our list of 5 small-cap Canadian AI stocks.

1. CGI (TSX:GIB.A,NYSE:GIB)

Market cap: C$27.89 billion

Montreal-based CGI is among the world’s largest IT systems integration companies, and offers a wide range of services, from cloud migration and digital transformation to data analysis, fraud detection and even supply chain optimization. Its more than 700 clients span the retail, wholesale, consumer packaged goods and consumer services sectors worldwide.

Through a partnership with Google, CGI is leveraging the Google Cloud Platform to strengthen the capabilities of its CGI PulseAI solution, which can be integrated with existing applications and workflows.

CGI is aggressively working to expand its generative AI capabilities and client offerings. In early March 2024, the company launched Elements360 ARC-IBA, an AI powered platform for brokers and insurers to settle accounts in the UK broking industry. Later in September, CGI signed the EU’s Artificial Intelligence Act pledge to work for trustworthy and safe AI development.

The company’s AI-powered CGI DigiOps toolkit won the Association of Chartered Certified Accountants (ACCA) India Award 2024 for Excellence in Digital Transformation in February 2025. CGI DigiOps is used in several industries, including the energy and utilities, and retail sectors. “This award for digital transformation excellence is a testament to our commitment to delivering end-to-end AI-powered solutions to achieve meaningful outcomes for our clients,’ Rakesh Aerath, President, CGI Asia Pacific Global Delivery Centers of Excellence.

2. OpenText (TSX:OTEX)

Market cap: C$13.52 billion

Ontario-based OpenText is one of Canada’s largest software companies. The tech firm develops and sells enterprise information management software. Its portfolio includes hundreds of products in the areas of enterprise content management, digital process automation and security, plus AI and analytics tools.

OpenText serves small businesses, large enterprises and governments alike. Its AI & Analytics platform has an open architecture that enables integration with other AI services, including Google Cloud and Azure. It can leverage all types of data, including structured or unstructured data, big data and the internet of things to quickly create interactive visuals.

Last year, OpenText launched Cloud Editions 24.1, which includes enhancements to its OpenText Aviator portfolio.

OpenText has also been expanding its AI-powered cybersecurity offerings. In early 2025, the company launched OpenText Core Threat Detection and Response, which leverages AI-driven behavioral analytics to detect insider threats and cyberattacks.

The company sold of its eDocs business unit in October 2025 in order to increase focus on building out its AI capabilities and offerings.

3. Propel Holdings (TSX:PRL)

Market cap: C$1.04 billion

Propel Holdings is a fintech company that has designed an AI-powered lending-as-a-service platform for consumers seeking alternative access to credit outside of the traditional banking system. Its operating brands include Fora Credit, CreditFresh, MoneyKey and QuidMarket.

With operations in Canada, the US and the UK, the company claims that is has ‘helped consumers access over one million loans and lines of credit and over two billion dollars in credit.’

In September, Propel ranked sixth on the TSX30 2025 annual ranking, which recognizes the 30 best-performing companies over a three-year period on the Toronto Stock Exchange. The company also ranked 147th in the 2025 Report on Business magazine’s ranking of Canada’s top growing companies by three year revenue growth, with Propel’s revenue climbing 247 percent.

Australian AI stocks

Australia’s AI innovation and number of AI companies are growing consistently, according to a June 2025 government report on the country’s AI ecosystem.

According to the report, of the 412 public AI firms it identified, ‘Most public AI companies are well-established organisations that have operated in Australia for years or decades. Their expanding AI capabilities primarily stem from strategic shifts, increased investment in internal AI capabilities and acquisitions of AI-developing firms.’

Below are three of the top Australian AI stocks by market cap. For more ASX AI shares, check out our list of the 5 biggest ASX AI stocks.

1. NextDC (ASX:NXT)

Market cap: AU$10.8 billion

NEXTDC is Australia’s leading data center operator, with facilities currently operational or under development throughout Australia. The company also has data centers under development in New Zealand, Malaysia and Japan.

NEXTDC’s clients include some of the world’s largest cloud providers, such as Amazon (NASDAQ:AMZN) Web Services, Microsoft Azure, and Alphabet’s Google Cloud. The company also obtained NVIDIA’s DGX-Ready Data Centre Program certification, enabling it to optimize NVIDIA’s AI platforms and power advanced AI data centers in Australia.

In its financial report for its fiscal 2025 ended June 30, 2025, the company reported total revenue of AU$427.2 million, a 6 percent increase from the same period in the year prior. Its net revenue was up 14 percent to AU$350.2 million.

NEXTDC is the 2025 recipient of the Australian Competitive Strategy Leadership Recognition in the data center services industry.

2. Megaport (ASX:MP1)

Market cap: AU$2.56 billion

Megaport network-as-a-service provider that offers a software-defined network (SDN) platform to businesses, data centers and cloud providers. Although it calls Queensland, Australia, home, the company has operations in over 25 countries.

Megaport has strategic partnerships with cloud service providers like Amazon’s (NASDAQ:AMZN) Amazon Web Services and Microsoft’s (NASDAQ:MSFT) Microsoft Azure. Users of its Megaport Virtual Edge can use devices such as routers and firewalls without the need for physical hardware in a data center.

The scalability and on-demand nature of Megaport’s technology makes it ideal for businesses employing AI tools. The company’s AI Exchange platform connects customers with an ecosystem of over 30 AI service providers.

3. Nuix (ASX:NXL)

Market cap: AU$1.01 billion

Sydney-based Nuix is a leading provider of data processing, investigative analytics and intelligence software. Its client base includes legal, compliance, forensic investigations, cybersecurity and data governance sectors.

The company’s patented Nuix Neo technology uses advanced deep learning techniques to better train AI models for more efficient, scalable and cost-effective document classification. Launched in July 2023, Nuix Neo is accessed through a browser-based, collaborative interface, and includes end-to-end automation, investigative analytics and AI-enabled workflows.

This year, Nuix inked a deal with Indian multinational technology firm Tech Mahindra to provide AI-driven cyber risk management and data analytics tools. Tech Mahindra services the banking, insurance, telecommunications and government sectors.

Additionally, in mid-September, the company won a multiyear contract to supply forensic analysis software to the tax authority of Rhineland-Palatinate state in Germany.

FAQs for AI stocks

Which company is leading the AI race?

Google and Microsoft are battling it out for king of the AI hill. While Goldman Sachs sees Alphabet’s Google as leading the AI race, other analysts are pointing to Microsoft as the clear frontrunner. Microsoft stands to benefit in a big way from its billions of dollars investment in OpenAI’s ChatGPT as advancements in generative AI may have the potential to increase the company’s revenues for its Azure cloud computing business.

Which country is doing best in AI?

North America is the global hotspot for advancements in AI technology and is home to the majority of the world’s largest AI providers. Techopedia positions the US as the primary hub for AI development, and many of the world’s leading tech giants are headquartered there. According to the report, China comes in a close second.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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Minister for Resources and Northern Australia Madeleine King said on Saturday (November 1) that Australia and Canada have strengthened their critical minerals partnership with a new joint declaration of intent.

The new agreement is between Australia’s Department of Industry, Science and Resources and the Department of Natural Resources of Canada.

It builds on the Australia-US rare earths deal signed by Prime Minister Anthony Albanese and President Donald Trump, under which both nations committed to investing over US$1 billion each in initial projects within the next six months.

King signed with Canadian Minister for Resources and Energy Tim Hodgson at the G7 Energy and Environment Ministers’ Meeting in Toronto.

“Like Australia, (Canada) holds some of the world’s most significant critical minerals and rare earths reserves,” she commented, adding that it is important for both producing countries to collaborate.

“From defence applications to clean manufacturing, critical minerals are at the heart of the economic and national security of both our countries … (We need to) ensure both our communities and industry can benefit from growing demand.”

While the joint declaration is not legally binding and comes with no financial commitment, it highlighted that an in-person ministerial will be established within 6 months of the date of signing.

The ministerial will be responsible for assessing progress and establishing a work plan for the coming year, to be led by King and Hodgson themselves.

Key areas of the partnership include project financing, investment and trade, maximising assets to co-invest in “commercially viable projects.”

The countries also agreed to share best practices in meeting ESG standards and project development and execution. Joint research and sharing of information on stockpiling and respective project development pipelines were also cited.

No target projects have been mentioned, but among Australia’s awaited critical minerals projects is the Dubbo rare earths project by Australian Strategic Materials (ASX:ASM,OTC Pink:ASMMF).

Dubbo received AU$5 million under the Australian government’s International Partnerships in Critical Minerals (IPCM) Program in October 2024, and an AU$6.5 million grant from the government’s Critical Minerals Development Program in May 2023.

It is targeting a final investment decision in 2026 and is expected to deliver up to 1,000 local jobs during the construction period and approximately 270 jobs once operational.

For Canada, the Matawinie mine near Montreal, Quebec by Nouveau Monde Graphite Inc. (NYSE:NMG,NOU:CA) was first on its list of investments under the G7 Critical Minerals action plan, wherein it mentioned a letter of interest for the project for up to US$430 million from Export Development Canada.

Nouveau Monde Graphite is also reportedly on its journey to create the largest fully integrated natural graphite production facility in North America.

“By working together, we can build secure, diversified and sustainable critical minerals supply chains,” said King.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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Here’s a quick recap of the crypto landscape for Monday (November 3) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$106,465, a 3.3 percent decrease in 24 hours. BTC’s lowest valuation today was US$105,040, and its highest was US$108,137.

Despite ending last week with promising upside momentum, the persistent presence of strong sell pressure is acting as a barrier to accessing key resistance levels, raising doubts about sustained bullish recovery.

Analysts like Ted Pillows highlighted a pattern of weekend price pumps that typically do not hold during regular trading days.

Indeed, BTC started November with a 2 percent drop. Market participants are bracing for retests of support below the psychologically important US$100,000 level. Institutional demand has also weakened sharply, with significant outflows recorded from major Bitcoin ETFs.

Ether (ETH) was priced at US$3,573.75, a 7.4 percent decrease in 24 hours, and its lowest valuation of the day. Its highest was US$3,890.47.

Meanwhile, the market capitalization of privacy-preserving cryptocurrencies has surpassed US$24 billion, an increase of about 80 percent over the past week, led by Dash (DASH) and Zcash (ZEC).

Altcoin price update

  • Solana (SOL) was priced at US$164.07, down 11.1 percent over the last 24 hours and at its lowest valuation of the day. Its highest was US$176.52.
  • XRP was trading for US$2.28, a decrease of 8.7 percent over the last 24 hours. Its lowest valuation of the day was US$2.27, and its highest was US$2.42.

Crypto derivatives and market indicators

The crypto derivatives market remains active with high liquidation volumes, US$16.49 million for BTC and US$32.87 million for ETH in the four hours leading up to the closing bell, indicating ongoing bullish positions.

Open interest has slightly declined: 1.10 percent for BTC to US$69.57 billion and 0.78 percent for ETH to US$44.51 billion, reflecting cautious trader sentiment.

However, funding rates of 0.006 for BTC and 0.001 for ETH suggest a bullish bias persists. Additionally, the RSI near 38 indicates the market is approaching oversold levels, hinting at potential short-term stabilization or reversal.

This mix of technical opportunity amid cautious sentiment underlines the need for close monitoring of derivative positions and market reactions ahead.

Bitcoin dominance in the crypto market now stands at 60.3 percent, roughly two percent higher compared to last week. The Fear and Greed Index dipped three points further into the fear zone from last week to 36.

Today’s crypto news to know

Canada set to unveil draft stablecoin legislation

Sources for the Globe & Mail said on Friday that Ottawa will introduce draft stablecoin legislation as soon as December. The plan will reportedly be unveiled alongside the Federal budget on Tuesday (November 4) and tabled before the holiday recess. Sources also said that lawmakers drew inspiration for the legislation from the Genius Act.

The unidentified sources, who have reportedly viewed the draft, also indicated that it is deficient in clearly defining a digital currency and specifying who would be responsible for its oversight.

Canada currently applies dual regulatory frameworks for digital currencies depending on their nature and use. Some are treated as securities, giving authority to provincial and territorial governments, while others are treated as payment instruments under federal authority.

This overlapping jurisdiction results from the absence of a clear, unified legal definition for digital currencies in the country.

IREN becomes latest Bitcoin miner to diversify into AI

Bitcoin miner IREN has signed a US$9.7 billion multi-year GPU cloud services contract with Microsoft (NASDAQ:MSFT), the company announced this morning.

Under the terms of the deal, IREN will provide Microsoft access to NVIDIA (NASDAQ:NVDA) GPUs hosted within its data centers. In addition, IREN secured a US$5.8 billion equipment deal with Dell Technologies to support this GPU infrastructure.

This highlights a broader industry pivot among Bitcoin miners diversifying into AI computing services and data infrastructure amid tightening mining margins. Other miners like Hive Digital Technologies (TSXV:HIVE,NASDAQ:HIVE), MARA Holdings (NASDAQ:MARA), Riot Platforms (NASDAQ:RIOT) and TeraWulf (NASDAQ:WULF) are also making strategic moves into AI and high-performance computing sectors.

Ripple launches digital asset spot prime brokerage service

Ripple announced the official launch of its digital asset spot prime brokerage service, a new offering aimed at enabling streamlined access to spot digital asset trading for institutional clients.

The move underscores Ripple’s efforts to expand its suite of services in the growing digital asset market and follows its US$1.25 billion acquisition of Hidden Road, a multi-asset prime brokerage firm. This acquisition positioned Ripple as the first cryptocurrency company to own and operate a global multi-asset prime broker.

“The launch of OTC spot execution capabilities complements our existing suite of OTC and cleared derivatives services in digital assets and positions us to provide U.S. institutions with a comprehensive offering to suit their trading strategies and needs,” said Michael Higgins, International CEO, Ripple Prime.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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Nickel prices have experienced volatility in the past few years due to supply and demand uncertainty.

While demand has been consistent, prices have been mainly influenced by structural oversupply stemming from high output from Indonesia, which rapidly increased output in recent years to become the world’s top nickel producer.

Low prices led several companies to curtail production in 2024 and 2025, and ultimately prompted Indonesia to lower its mining quota in February. While prices haven’t recovered, they stabilized above US$15,000 per metric ton through the second half of the year.

Demand from the electric vehicle (EV) industry is one reason nickel’s outlook looks bright further into the future. Battery nickel demand is poised to triple by 2030, according to Benchmark Mineral Intelligence.

In Canada, nickel is listed as a top priority in the government’s Critical Minerals Strategy. The country is the world’s fourth largest producer of nickel, with much of its production coming from mines in Ontario’s Sudbury Basin.

Against that backdrop, how have Canadian nickel stocks performed in 2025? Below are the top nickel stocks in Canada on the TSX, TSXV and CSE by share price performance so far this year.

All year-to-date and share price data was obtained on October 28, 2025, using TradingView’s stock screener. Canadian nickel stocks with market caps above C$10 million at that time were considered.

1. Nickel Creek Platinum (TSXV:NCP)

Year-to-date gain: 390.2 percent
Market cap: C$13.98 million
Share price: C$2.50

Nickel Creek Platinum is an exploration and development company advancing its flagship Nickel Shäw project toward production.

The property, located in the Yukon, Canada, consists of 711 mineral claims and 91 quartz mining leases covering a total area of 14,650 hectares. Mineralization at the property was first discovered in 1952, with historic mining operations being carried out between 1972 and 1973.

A mineral resource estimate included in a 2023 prefeasibility study demonstrates a measured and indicated nickel resource of 2.47 billion pounds from 436.7 million metric tons of ore with an average grade of 0.26 percent nickel. It also holds an inferred resource of 668 million pounds of nickel from 114.02 million metric tons grading 0.27 percent.

Nickel Creek is planning for a 2026 drill program at Nickel Shäw, and stated the next step is a feasibility study. To fund the program, on October 29 the company opened a non-brokered private placement for 465,000 common shares at C$2.30 per share, for total proceeds of up to C$2 million.

It also said the company’s largest shareholder, Electrum Strategic Opportunities Fund, signaled its intention to invest up to C$800,000 in the funding round. As of May, Electrum held a 49.85 percent stake in Nickel Creek.

Shares in Nickel Creek Platinum reached a year-to-date high of C$3.86 on October 13.

2. Talon Metals (TSX:TLO)

Year-to-date gain: 358.82 percent
Market cap: C$463.15 million
Share price: C$0.39

Talon Metals is a nickel exploration and development company working to advance its Tamarack nickel-copper-cobalt project in Minnesota, US, toward production.

The project is a joint venture with Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO). Talon currently holds a 51 percent interest in the property, but under the terms of the deal, it has the option to increase its stake to up to 60 percent.

The 20,348 acre property, located west of Duluth, Minnesota, was initially surveyed in 1972 but didn’t see significant exploration until the early 2000s, when several significant mineralized zones were discovered.

In November 2022, Talon released a mineral resource estimate, reporting an indicated resource of 8.56 million metric tons with an average grade of 1.73 percent nickel, and an inferred resource of 8.46 million metric tons grading 0.83 percent.

The company is currently working to produce a preliminary economic assessment (PEA), and noted on October 20 that it had received a 12 month extension from Rio Tinto to complete the PEA as part of the earn-in agreement. Talon said the extended deadline will allow it to better time the release with the environmental assessment required to advance the project.

Talon’s share price has increased significantly on a series of discoveries throughout the year, with the most recent results coming on August 6 when Talon reported the third intercept of massive and mixed massive nickel mineralization at Tamarack’s recently dubbed Vault Zone.

In the release, the company reported an assay grading 14.86 percent nickel over 34.9 meters from a depth of 762.34 meters, and just 26 meters northwest of its previously announced drill hole containing an 8.25 meter intercept grading 12.62 percent nickel.

The company is also the operator of the Boulderdash nickel-copper discovery and numerous high-grade nickel-copper prospects in Michigan, for which Talon entered option agreements for Lundin Mining (TSX:LUN,OTC Pink:LUNMF) to acquire a 70 percent interest in the group of projects in early March.

On October 1, the company announced it would expand drilling operations at Tamarack’s Vault Zone during the fall and winter as it transitions away from Boulderdash. It expects to resume drilling in Michigan in 2026.

Shares in Talon reached a year-to-date high of C$0.54 on October 14.

3. Homeland Nickel (TSXV:SHL)

Year-to-date gain: 240 percent
Market cap: C$17.9 million
Share price: C$0.085

Homeland Nickel has a portfolio of nickel projects in Oregon, US: Red Flat, Cleopatra, Eight Dollar Mountain and Shamrock.

In addition, the company holds investments in mining companies with nickel projects, including Benton Resources (TSXV:BEX,OTC Pink:BNTRF), Canada Nickel Company (TSXV:CNC,OTCQX:CNIKF) and Noble Mineral Exploration (TSXV:NOB,OTCQB:NLPXF).

In early April, the company released an exploration update for its properties, reporting it was planning a drill and bulk sample program at Red Flat, had scheduled a sampling program at Eight Dollar Mountain and proposed a shallow drill program at Cleopatra.

Several months later, on July 17, Homeland shared results from its Eight Dollar Mountain sampling program, with assays for all 56 samples indicating the presence of nickel laterite, with values ranging from 0.21 to 2.21 percent nickel with an average of 0.67 percent nickel.

Then, on August 18, the company reported the US Forest Service approved its plan to drill 44 sonic holes at Red Flat.

The release also noted that it had staked several mining claims at Woodcock Mountain, which is located in the same geological area as Red Flat, Cleopatra and Eight Dollar Mountain, but lies outside the withdrawal area, which Homeland said makes it easier to permit. The company said it would push its exploration work across all four properties to define resources.

In its most recent operational update on October 7, the company said it had entered into a preliminary agreement with Brazilian Nickel to jointly advance financing and development of Red Flat, Cleopatra, Woodcock Mountain and Eight Dollar Mountain.

Homeland said the plan is to collaborate and to leverage Brazilian Nickel’s expertise in laterite heap leach technology and will work with the company on technical studies and project development strategies.

Shares in Homeland reached a year-to-date high of C$.10 on August 19.

4. Stillwater Critical Minerals (TSXV:PGE)

Year-to-date gain: 208.33 percent
Market cap: C$90.94 million
Share price: C$0.37

Stillwater Critical Minerals is an exploration and development company advancing its flagship Stillwater West nickel project in Montana, US.

The property hosts 14 multi-kilometre-scale exploration targets and boasts 32 kilometers of strike length that adjoins the adjacent Sibanye-Stillwater mine property. A mineral resource estimate released in January 2023, shows an inferred nickel resource of 1.05 billion pounds from 254.8 million metric tons of ore with an average grade of 0.19 percent. The project also holds platinum group elements, copper, cobalt and gold.

In late March, the company reported multiple large-scale magmatic sulfide targets following analysis of a property-wide third-party MobileMtm magneto-telluric geophysical survey completed in late 2024.

The data from the survey was also used to build a new 3D geological model of the lower Stillwater Igneous Complex that the company used to further prioritize targets at Stillwater West for its 2025 drill campaign.

In June, the company mobilized for a new drill program focused on the advanced project areas, while testing adjacent targets identified using the 3D model.

In the most recent update from the program, released on September 15, Stillwater noted that it had completed over 3,100 meters in its 2025 campaign and was working on the fifth and sixth holes. It plans to use results from the program, combined with other drill data, to support an updated mineral resource estimate in the first half of 2026.

Shares in Stillwater Critical Minerals reached a year-to-date high of C$0.57 on October 8.

5. SPC Nickel (TSXV:SPC)

Year-to-date gain: 100 percent
Market cap: C$14.72 million
Share price: C$0.04

SPC Nickel is an exploration company working to advance a pair of projects in Nunavut and Ontario, Canada.

Its Muskox property is a copper, nickel and platinum group metals exploration project in Nunavut, consisting of 26 mining claims and two prospector permits covering a total land area of 49,600 hectares. Mineralization at the site was first identified in the 1950s.

On July 21, SPC announced it would be carrying out a property-wide 1,000 line kilometer MobileMT electromagnetic geophysical survey at Muskox that will be used to develop a 3D model, which SPC says will be instrumental in identifying large conductive regions.

In an exploration update released on September 17, the company said its summer exploration program had advanced the geologic understanding of the mineralization system present on the property, and that the MobileMT survey was the most thorough and modern survey ever flown at the site.

The program also included 85 surface samples, which it has submitted for assaying. Once it has assessed the data from the program, the company plans to move quickly to define drill targets to determine the grade and scale of the project.

The company is also working on its advanced stage Lockerby East project near Sudbury, Ontario.

A mineral resource estimate for the project from March 2024 demonstrates an indicated in-pit resource of 179.1 million pounds of nickel from 19.23 million metric tons with an average grade of 0.42 percent nickel and an out-of-pit resource of 45.7 million pounds of nickel from 3.24 million metric tons grading 0.64 percent from the West Graham target.

It also shows an additional 17.2 million pounds of nickel from 665,000 metric tons grading 1.17 percent at the LKE deposit.

The most recent news from the project came on October 23, when the company announced it started a 1,000 meter drill program at the site designed to test anomalies located down-dip from the LKE deposit.

FAQs for nickel investing

How to invest in nickel?

There are a variety of ways to invest in nickel, but stocks and exchange-traded products are the most common. Nickel-focused companies can be found globally on various exchanges, and through the use of a broker or a service such as an app, investors can purchase companies and products that match their investing outlook.

Before buying a nickel stock, potential investors should take time to research the companies they’re considering; they should also decide how many shares will be purchased, and what price they are willing to pay. With many options on the market, it’s critical to complete due diligence before making any investment decisions.

Nickel stocks like those mentioned above could be a good option for investors interested in the space. Experienced investors can also look at nickel futures.

What is nickel used for?

Nickel has a variety of applications, including stainless steel, coins and lithium-ion batteries. Its main use is an alloy material for products such as stainless steel, and it is also used for plating metals to reduce corrosion. As for coins, its uses include the 5 cent coin, named the nickel, in the US and Canada; the US nickel is made up of 25 percent nickel and 75 percent copper, while Canada’s nickel has nickel plating that makes up 2 percent of its composition.

Nickel is also used in certain lithium-ion battery compositions, bringing demand from sectors like electric vehicles and energy storage systems.

Where is nickel mined?

The world’s top nickel-producing countries are primarily in Asia: Indonesia, the Philippines and Russia make up the top three. Rounding out the top five are Canada and China. Indonesia’s production stands far ahead of the rest of the pack, with 2024 output of 2.2 million metric tons compared to the Philippines’ 330,000 metric tons and Canada’s 190,000 metric tons.

Significant nickel miners include Norilsk Nickel (MCX:GMKN), Nickel Asia, BHP (ASX:BHP,NYSE:BHP,LSE:BHP) and Glencore (LSE:GLEN,OTC Pink:GLCNF).

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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Resolution Minerals Ltd (ASX: RML; OTCQB: RLMLF) (“Resolution” or “Company”) is pleased to report that its maiden drill program at its 100% owned Horse Heaven Gold-Antimony-Tungsten- Silver Project (“Horse Heaven” or the “Project”), Idaho, USA (Figure 1) has delivered additional broad intervals of near-surface gold mineralisation at Golden Gate Prospect.

Highlights

  • Golden Gate now has reported results for three diamond holes from surface, all ending in gold mineralisation, confirming a large, open intrusion-related gold system. The two most recent holes include:
    • HH-GG25-003C: Down hole interval of 253.0m @ 1.50 g/t gold from surface to 253.0m (open ended), including:
      • 111.9m @ 2.31 g/t gold from 130.5m and 18.3m @ 3.98 g/t gold from 149.4m (with the highest assay result of 5.91 g/t gold over a down hole width of 1.5m)
    • HH-GG25-002C: Down hole interval of 265.2m @ 0.60 g/t gold from surface to 265.2m (open ended), including 89.9m @ 1.15g/t gold from 121.9m.
  • On 28 October 2025, the Company reported a down hole interval of 189.2m @ 1.30 g/t Au from 34m, ending in mineralisation, in HH-GG25-001C, including:
    • Down hole interval of 12.9m @ 2.32 g/t Au from 94.4m; and
    • Down hole interval of 70.8m @ 2.24 g/t Au from 128.8m.

These results demonstrate the continuous potential for a large intrusive-hosted gold system with geology, sulphides and alteration similar to the Stibnite gold-antimony deposit, only ~16km away.

  • Multiple near-term catalysts include:
    • A Reverse Circulation drill rig is being mobilised to Golden Gate to immediately follow-up on the results of the first three holes.
    • Assay batch results from 7 additional oriented Core holes of the Phase-1 program (including bottom of HH-GG25-001C) to be released progressively over the following months.
  • RML’s Horse Heaven project is strategically located in a district central to domestic critical mineral supply chains (gold-antimony-tungsten-silver), all aligned with the U.S. government priorities.

RML’s CEO of US Operations, Craig Lindsay, commented on the discovery:

“Following up our first hole with even stronger results from holes 2 and 3 is an exceptional outcome for the Golden Gate prospect.

These results confirm that Golden Gate hosts a large, robust gold system with all holes returning broad gold mineralisation from surface and finishing in mineralisation.

That level of continuity and consistency is extremely rare this early in a program and highlights the potential scale and our belief that Golden Gate has all the hallmarks of a significant intrusive- related gold deposit, comparable to the major systems seen elsewhere in the district, including Perpetua’s Stibnite, which is only 16km away.

With multiple targets still to test across the broader Horse Heaven Project, including Antimony Ridge, our confidence continues to grow that we’re on the verge of uncovering a truly district- scale gold system with complementary known tungsten and antimony mineralisation.”


Click here for the full ASX Release

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Investor Insight

A cycle-aware gold developer-explorer focused on value creation at the steepest part of the Lassonde Curve – pairing a de-risked Canadian gold project with transformational discovery potential in Mexico, and overlaying partner-funded uranium exposure.

Advancing community partnerships in both jurisdictions underpin the strategy, ensuring responsible advancement and alignment with stakeholders.

With a tight share structure and disciplined approach, Fortune Bay is positioned for multiple near-term catalysts as capital flows back into quality juniors.

Overview

Fortune Bay (TSXV:FOR,FWB:5QN,OTCQB:FTBYF) is a technically driven gold exploration and development company whose strategy is to create value at the steepest part of the Lassonde Curve. The company advances assets through discovery, resource expansion and early-stage development, then seeks monetization routes (sales, JV buyouts, M&A, royalties or equity) before the project enters capital-intensive build phases. This cycle-aware approach aims to maximize per-share value while minimizing dilution.

The current portfolio spans two 100-percent-owned gold projects – Goldfields in Saskatchewan, Canada, and Poma Rosa (formerly Ixhuatán) in Chiapas, Mexico. These projects are complemented by three uranium assets in Saskatchewan – Murmac, Strike and The Woods – that are being advanced under partner funding.

In 2025, Fortune Bay entered into an agreement with Cormark Securities Inc., as lead underwriter and sole bookrunner, for a “bought deal” private placement totaling C$8,000,071. Proceeds of the placement will help accelerate permitting and pre-feasibility work at the Goldfields Gold Project, launch exploration at Poma Rosa, and support ongoing growth and operations.

Overall, Fortune Bay’s business strategy blends a de-risked development asset (Goldfields) with transformational discovery potential (Poma Rosa), and non-dilutive uranium exposure, positioning the company for multiple catalysts and potential re-rating as market capital flows into quality juniors.

Company Highlights

  • Cycle-smart model: Advancing projects through discovery, resource expansion and early-stage development, then monetizing before the capital-intensive build phase.
  • Poma Rosa Project (Mexico): Historical gold resource at Campamento (1.04 Moz measured and indicated; 0.70 Moz inferred) sitting atop an untested porphyry system – offering both near-term ounces and discovery blue-sky; community re-engagement progressing to enable exploration restart. Historical estimate, not treated as current under NI 43-101.
  • Uranium optionality, non-dilutive: Advancing Murmac & Strike (optioned to Aero Energy) and The Woods (optioned to Neu Horizon) under partner capital while Fortune Bay remains operator, leveraging uranium expertise, offsetting overhead and preserving discovery upside and exposure to uranium market tailwinds.
  • Strong leadership: Led by discovery-driven geologists and capital-markets veterans with a track record of building and monetizing companies.
  • Fully Funded: Fortune Bay raises C$8.0 million in a bought deal with Cormark Securities.

Key Projects

Goldfields Project

Located in Saskatchewan, Canada, Goldfields sits in one of the world’s top mining jurisdictions with road access, nearby hydropower, historical mining infrastructure and well-advanced permitting groundwork. The project’s 2022 preliminary economic assessment (PEA) outlined 101 koz/yr average production over 8.3 years with C$234 million initial capex and life-of-mine all-in sustaining cost of US$889/oz (base case US$1,650/oz), with strong sensitivity to higher gold prices.

In 2025, Fortune Bay released an updated preliminary economic assessment (PEA) for the Goldfields project in Saskatchewan, outlining a sub-5,000 tpd open-pit mine designed to leverage existing infrastructure and permits. At a base gold price of US$2,600/oz, the project delivers an after-tax NPV5 percent of C$610 million and a 44 percent IRR, rising to C$1,253 million NPV and 74 percent IRR at spot gold (~US$3,650/oz). The plan includes a 13.9-year mine life with 896,000 ounces of payable gold, cash costs of US$1,207/oz and AISC of US$1,330/oz, supported by an initial capex of C$301 million. With 97 percent of ounces in the mine plan classified as indicated and additional upside from expansion drilling, the project demonstrates both low risk and strong growth potential.

An updated mineral resource estimate (MRE), effective September 11, 2025, was completed as part of the updated PEA to account for a slightly lower cut-off grade reflecting higher gold prices. The resources are constrained within a conceptual open-pit shell. Prepared by SRK Consulting (Canada) in accordance with CIM Guidelines and NI 43-101, this MRE replaces the previous estimate dated September 1, 2022. SRK used the same resource estimation procedures and also developed the supporting mineralization models, which were informed by structural and petrographic studies.

The MRE reconciles to within 1 percent of historical mine production at Box when the historically reported process plant recovery of 96 percent is applied, providing additional confidence in the estimate.

Poma Rosa Gold-Copper Project

In Chiapas, Mexico, Poma Rosa hosts the Campamento epithermal gold-silver system with a historical resource of 1.04 Moz gold, measured and indicated, and 0.70 Moz gold inferred, and sits above a large, under-evaluated copper-gold porphyry system evidenced by broad mineralized intercepts, including 601.4 m @ 0.3 percent copper, 0.7 g/t gold and 2.7 g/t silver at Cerro La Mina, and multiple target areas across the tenement.

Fortune Bay is re-establishing community relationships to enable exploration agreements and a restart of field programs, with a pathway that includes updating the historical resource to current NI 43-101 standards and testing porphyry/skarn targets. The Campamento estimate is historical and not treated as current.

Uranium Portfolio

The Murmac and Strike projects are optioned to Aero Energy, while The Woods is optioned to Neu Horizon. Together, they cover more than 60,000 hectares on and near the Athabasca Basin’s northern rim, targeting shallow, basement-hosted high-grade deposits. Drilling at Murmac/Strike has confirmed Athabasca-style mineralization with multiple shallow uranium intercepts. Meanwhile, The Woods offers district-scale potential along the Grease River Shear Zone with extreme surface/lake-sediment uranium anomalism. Fortune Bay remains the operator for these assets, while partners fund exploration, generating non-dilutive income and preserving discovery leverage.

Management Team

Wade Dawe – Executive Chairman

Wade Dawe is an accomplished entrepreneur, financier and investor . He has founded or co-founded a number of successful companies, including Keeper Resources, which was sold for $51.6 million in 2008, and Brigus Gold, which was acquired by Primero Mining in 2014 in an all-share deal valued at $351 million. Dawe is currently a director of TSX-listed Pivot Technology Solutions and of TSXV-listed kneat.com. He holds a Bachelor of Commerce degree from Memorial University (MUN), where he serves on the Advisory Board to the Faculty of Business Administration.

Dale Verran – Chief Executive Officer

Dale Verran is an exploration geologist and mining executive with over 25 years of international experience. He has a track-record of successful project generation, discovery and project advancement, in both Africa and Canada. Prior to joining Fortune Bay, Verran served as vice-president, exploration for Denison Mines, where he was involved in the discovery of over 70 million pounds of U3O8. He is a former executive technical director for a large independent exploration group operating in Africa, Remote Exploration Services, and former exploration manager for Manica Minerals, a private prospect generator company with an extensive multi-commodity portfolio of projects in Africa.

Sarah Oliver – Chief Financial Officer

Sarah Oliver has more than 10 years of experience working in the accounting and finance industries – most recently as the chief financial officer of the predecessor company to Fortune Bay. She worked with PwC Canada in their consulting and deals group and then in their assurance practice, as a senior manager where she assisted her clients through various acquisitions and mergers, public and private financings and advising on accounting policy and control implementation. Oliver has been a chartered professional accountant, chartered accountant since 2007.

Gareth Garlick – VP Technical Services

Gareth Garlick has approximately 25 years of international experience in the mining and mineral exploration industry. He is experienced in all aspects of the mining cycle, ranging from grassroots exploration to resource estimation and resource reconciliation on producing mines, and has been overseeing all of Fortune Bay’s operational and development-related work. Garlick is a registered P.Geo (EGBC) and holds a Bachelor of Science (Honours) in Geology from the University of Cape Town.

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Kimberly-Clark said on Monday it will buy Tylenol maker Kenvue KVUE.N in a cash-and-stock deal valued at about $48.7 billion, to create one of the biggest consumer health goods companies in the United States.

Shares of Kenvue were up 18% in premarket trading, while Kimberly-Clark‘s shares were down 12.5%.

Kenvue has been under a strategic review, leadership shake-up, and mounting litigation risks. It came under fresh scrutiny following President Donald Trump’s comments linking its popular pain medicine Tylenol to autism.

The deal will bring together brands including Neutrogena, Huggies and Kleenex under a consumer health and personal care company with expected combined annual revenues of roughly $32 billion.

Sources in June told Reuters the strategic review of its operations could include a sale or breakup of the company that had been spun off from healthcare conglomerate Johnson & Johnson JNJ.N in 2023.

Kenvue‘s shareholders will receive $3.50 per share and 0.15 Kimberly-Clark shares for each Kenvue share held. That implies a per-share deal value of $21.01, or an equity value of $40.32 billion, according to Reuters calculations.

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Perth, Australia (ABN Newswire) – Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) announced the receipt of a Letter of Interest (‘LOI’) from the Export-Import Bank of the United States (‘EXIM’), outlining the intent to provide up to US$191M in potential project financing support for the Company’s Mojave Project in California.

Alignment with U.S Export-Import Bank (‘EXIM’) Positions Mojave as a Flagship Initiative Under the White House’s Directive to Rebuild Domestic American Antimony and Rare Earths Supply and Processing Capability

HIGHLIGHTS:

– The U.S Export-Import Bank has issued a Letter of Interest (LOI) indicating the potential for financing support of up to US$191 million for Locksley’s Mojave Project in California

– EXIM is the official export-credit agency of the U.S Government, tasked with strengthening domestic industrial resilience and reducing foreign supply dependence in strategic sectors

– The potential EXIM financing is a cornerstone first step in a broader U.S. government funding pathway, opening access to programs under the Defense Production Act Title III and Department of War (DOW)

– The engagement reinforces Locksley’s strategy to establish a 100% American made antimony and REE supply chain, following the successful production of the Company’s U.S. antimony ingot

– Locksley executives will attend key meetings in Washington D.C. in mid November, to advance discussions on the Company’s U.S. mine-to-market collaboration

EXIM, a wholly owned independent agency of the U.S Government, operates under a Congressional mandate to promote American economic and national security interests through project and export financing. Its recent Supply Chain Resiliency Initiative (SCRI) and China and Transformational Exports Program (CTEP) prioritise funding for critical mineral projects that reduce foreign supply dependence and rebuild U.S industrial capability.

The LOI represents a cornerstone step in Locksley’s engagement with U.S federal agencies and paves the way for detailed due diligence and underwriting to advance a comprehensive financing package for the Mojave Project.

In light of the recent November 2025 U.S.-China trade agreement whereby China has suspended new rare-earth/critical minerals export controls, and the U.S. has publicly reaffirmed its support for Western based critical mineral supply chains, the Mojave Antimony Project is uniquely positioned to deliver a low risk, U.S. hosted, anti-dependent on China supply solution. This alignment strengthens the strategic case for consideration by Export-Import Bank of the United States (EXIM) under its supply chain resilience and criticalminerals mandates.

100% American Made Ingot Milestone – Alignment with U.S. Policy

Locksley recently announced the successful casting of the 100% American made antimony ingot, using feedstock sourced from its Mojave Project and processed entirely on U.S soil.

This achievement validated the Company’s Mine-to-Metal business model and provides the foundation for commercial scaling under the Defense Production Act and Inflation Reduction Act frameworks.

Following the signing of the landmark U.S. and Australia Critical Minerals Framework Agreement in Washington DC between President Donald Trump and Prime Minister Anthony Albanese, Locksley’s Mojave Project has been recognised as aligning directly with this bilateral initiative, which is also supported by commitments from the Australian Export Finance Agency (EFA).

The EXIM support, alongside Locksley’s strategic collaboration with Rice University, provides a clear pathway for Mojave to progress beyond exploration and into the development of downstream aligned supply chains for the U.S.

Drew Horn, Chief Executive of GreenMet and former White House Advisor on Critical Minerals, commented:

‘EXIM’s Letter of Interest represents more than just financial support, it reflects a coordinated U.S. government directive to rebuild domestic critical minerals capability. The fact that EXIM’s engagement aligns with current White House priorities underscores how strategically important Locksley’s Mojave Project has become. We are now entering a period where nearly all federal funding in this sector is being directed under White House led initiatives and Locksley stands at the forefront of that effort. The combination of EXIM support and the successful production of a 100% American made antimony ingot demonstrates tangible progress toward full U.S. supply chain independence.’

Kerrie Matthews, Managing Director & CEO, commented:

‘EXIM’s engagement represents a strong endorsement of Locksley’s U.S strategy and the momentum we have built with government and industry partners. The LOI provides a foundation to progress formal financing discussions while advancing our downstream and offtake plans. With our 100% American made antimony ingot now produced, we are proving Locksley’s capacity to deliver the next generation of U.S critical mineral supply chains.’

Material Terms of the LOI

The Letter of Interest (LOI) is a non-binding expression of interest and does not constitute a final commitment or a financing agreement. A definitive commitment is contingent upon Locksley satisfying EXIM’s underwriting criteria, completing full due diligence (including technical, financial, and legal reviews), and finalising definitive documentation. The potential financing is for up to US$191 million with a repayment tenor of 10 years. However, the final amount, interest rate, and specific repayment terms will be determined upon completion of the due diligence process.

Fast-Track Mine-to-Market Approach

Locksley continues to accelerate development planning and apply innovative thinking to traditional project timelines via government support across parallel workstreams:

– Upstream: Fast-tracked development of the Desert Antimony Mine through both conventional and non-traditional methods, enabling near-term ore supply

– Downstream: Collaboration with Rice University’s DeepSolv(TM) program and processing optionality to establish U.S. refining capacity at speed

– Integrated Supply Chain: Direct alignment with U.S. defence, energy transition, and industrial partners to deliver 100% Made in America antimony into the U.S. market

– Locksley’s approach embodies the principles of the Mines of the Future framework integrating innovation, digital modelling and processing to rapidly re-establish strategic mineral production on U.S. soil.

This parallel approach positions Mojave as the fastest moving U.S. antimony development, directly supporting national security and clean energy priorities.

Next Steps

Locksley will now progress the following key initiatives to advance the Mojave Project toward development readiness:

– Progress formal application with EXIM, triggering due diligence and underwriting processes

– Securing additional U.S. government and institutional support under DPA Title III, DOE loan guarantees, and supply chain initiatives

– Locksley executives will attend key meetings in Washington D.C. in mid- November, to advance discussions on the Company’s U.S. mine-to-market collaboration

– Commence preparatory workstreams for both mine development and downstream processing pathways

– Advancing commercial pilot-scale production to demonstrate U.S. based refining capability and accelerate first metal output from the Mojave Project

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

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