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Torex Gold Moves Beyond Single-Asset Status With Reyna Silver Takeover

Torex Gold (TSX:TXG,OTCQX:TORXF) is taking a step toward diversification with its planned acquisition of Reyna Silver (TSXV:RSLV,OYCQB:RSNVF), a junior explorer with early stage projects in Mexico and the US.

The US$26 million all-share deal, announced in late June, is set to close later this year and marks Torex’s first major move outside its flagship Mexico-based Morelos Complex.

The acquisition comes at a pivotal moment for Torex. The company is in the early ramp-up phase at its Media Luna project, part of the Morelos Complex southwest of Mexico City.

The site also includes the ELG underground and open-pit mines, which together produced 452,523 ounces of gold in 2024, meeting guidance for the sixth consecutive year at an all-in sustaining cost (AISC) of US$1,156 per ounce.

Looking ahead to 2025, Torex is forecasting production of 400,000 to 450,000 gold equivalent ounces, but expects a higher AISC range of US$1,400 to US$1,600 per ounce as development spending continues.

CEO Jody Kuzenko said the Reyna deal reflects Torex’s broader strategy to build out a pipeline of earlier-stage projects.

Reyna’s exploration-stage portfolio offers Torex low-cost entry into silver-rich terrain, while also signaling a shift in the producer’s long-term vision — one that includes earlier-stage risk and greater geographic flexibility.

Kuzenko stated that, with the company’s exploration team already having spent months conducting due diligence, Torex is ready to hit the ground running once the transaction is complete. She also noted the company had already developed conceptual programs and expects to commence work shortly after closing.

“We plan to leverage the same systematic approach to exploration employed at Morelos through which we effectively identify, rank, evaluate and prioritize targets with the success of the system demonstrated by the reserve and resource growth we have experienced at Morelos over the last several years,” Kuzenko said.

With the acquisition, Torex will gain immediate access to Reyna’s Mexican silver assets, including:

  • Guigui, a 4,750 hectare property covering a significant portion of the Santa Eulalia Mining District in Chihuahua. The area has a history of mining dating back to the 1700s and has recorded the production of 450 million ounces of silver.
  • Batopilas, a 1,183 hectare site that covers 94 percent of the Batopilas Mining District, which has significant deposits of native silver. Historic mining at the site produced an estimated 200 million to 300 million ounces of silver dating back to the mid-1600s.

Until now, Torex has primarily focused on operations in Mexico; however, with the takeover of Reyna, the company also has the option to acquire a 70 percent stake in the Griffin Summit project, located along the Carlin Trend in Nevada, US. The project covers an area of 10,300 hectares and is prospective for gold, silver and critical minerals.

Additionally, Torex will also have an option to acquire a 100 percent interest in the Medicine Springs project, also located in Nevada. The property spans 4,831 hectares south of Elko and is situated in a region with several large gold mines operated by major companies, including Newmont (TSX:NGT,NYSE:NEM) and Barrick Mining (TSX:ABX,NYSE:B).

Previous exploration at the site identified lead, zinc and silver mineralization.

“What attracted us to Reyna Silver is the immediate exposure to a portfolio of four properties in key mining regions of northern Mexico and Nevada,” Kuzenko said. She added that with the completion of Media Luna, Morelos is now positioned as the company’s flagship operation and serves as a foundation upon which it can build from.

Although shareholders won’t vote on the transaction until August, Kuzenko noted that the acquisition has the full support of management and the board of directors at Reyna Silver.

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

This post appeared first on investingnews.com

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Ekin Ober on Why AI Could Be Mining’s Most Valuable Tool Yet

For Ekin Ober, bringing generative artificial intelligence (AI) to the critical metals sector through her work at Aethos Labs wasn’t just about technological innovation — it reshaped how she thinks about strategy and sustainability in mining.

Now a principal at Kinterra Capital, Ober applies that broad, cross-disciplinary lens to investment decisions, emphasizing the importance of digital fluency, stakeholder alignment and long-term viability.

Her experience helps her identify operational bottlenecks and social license challenges early — essential in guiding assets like nickel and copper projects from concept to production.

While mining has long been viewed as a slow adopter of new technologies, Ekin Ober sees the tide turning — especially when it comes to AI.

However one of the largest learning curves has been educating industry stakeholders about the value of generative AI.

“They don’t need to be tech experts,” she said, “but it’s our job to show them how the tools work, and how their concerns can be addressed.”

As AI gains traction across the sector, she noted that even conservative markets are beginning to host dedicated discussions on the technology — a sign that change is accelerating.

How AI is being deployed

In addition to benefiting project planning through better modeling and digital twin, AI is making mining more efficient, safe and environmentally responsible.

In exploration, startups like KoBold use machine learning to analyze geological data, drastically cutting the time and cost of identifying potential lithium, copper, nickel and cobalt deposits

Operationally, majors such as Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO), BHP (ASX:BHP,NYSE:BHP,LSE:BHP) and Freeport-McMoRan (NYSE:FCX), deploy AI-powered autonomous haul trucks, drills and predictive maintenance systems that have slashed downtime and fuel use by up to 15 percent, while boosting throughput by 10 to 15 percent.

On the environmental front, AI tools optimize water management, monitor air quality and reduce waste, BHP’s Escondida mine reportedly saved over 3 gigaliters of water and 118 gigawatt hours of energy since 2022.

While AI isn’t without its own controversy, usually arising from its energy consumption, Ober explained that AI integration can help reduce a mining site’s overall energy intensity.

It is estimated that one billion daily AI prompts utilize 340 megawatt hours of electricity each day, while a mining site can use upwards of 1000 – 5000 megawatt hours. According to data from Natural Resources Canada, global mining operations consume 3 percent – 6 percent of the world’s electricity.

Together, AI can help the mining sector better target deposits and reduce the amount of energy deployed.

“Drill holes (alone) use 3000 liters of diesel. And when you look at grinding, grinding ore is 70 percent of the mine’s electricity (consumption),” said Ober.

She added: So if you’re using the technology for scans, you’re able to use computer vision and scan a core, or look at the geography to reduce the number of drills, or the grinding exercise that you’re going through, then it can actually save 1000s of hours of energy, conserving more than it consumes.”

From policy bottlenecks to permit approvals

This efficiency has made AI data sets appealing to governments as well. Through initiatives like DARPA’s CriticalMAAS and a collaboration with the US Geological Survey, AI models can now transform geologic map processing — from years to mere days — by automating georeferencing and mineral feature extraction.

These tools help rapidly assess hundreds of critical minerals across vast regions, accelerating decision-making and reducing exploration risk.

Meanwhile, the Pentagon’s AI-driven metals forecasting program, now managed by the Critical Minerals Forum, models supply, pricing and policy scenarios to bolster US sourcing strategies — especially for rare earths, nickel and cobalt.

For Ober, AI can also be integral to the often extended permitting process, while also implementing ESG goals and best practices. She explained that at Kinterra, AI is already playing a key role in streamlining permitting assessments, one of the most complex hurdles in mine development.

The firm has built a closed-loop system using large language models layered with its own criteria and values, including permitting stages, Indigenous engagement and community sentiment. The tool filters thousands of data points — from state filings to news releases and emails — extracting only what’s relevant.

Jurisdiction-specific updates are then summarized and delivered directly into Microsoft Teams, offering a real-time, digestible overview of key permitting signals.

“We need the company and the community to be engaged,” she said. “We take a very proactive approach. We engage very early on.”

Industry wide Ober sees AI improving the efficiency and transparency of mining permitting.

“One of the biggest concerns we hear is around security,” said Ober. “But we already trust companies like Google, Microsoft and Apple with sensitive data every day. If you’re using legitimate tools with strong policies in place, it’s manageable.”

Ober believes AI’s biggest value lies in its ability to accelerate slow, document-heavy government processes.

“Permitting can stall a project for years — not because of technical issues, but because no one has time to read the documents,” she said. “That’s where AI can help. Large language models can extract key information, layer in governance or environmental criteria and summarize it in a way that’s actionable.”

To address the risk of accuracy, Kinterra has designed its systems to generate traceable outputs.

“You can click a link and go straight to the original document and quote,” she explained, adding that this level of transparency is crucial for regulators and investors alike.

“It’s hard to commit capital when you don’t know if or when a permit will be granted,” she said. “AI won’t replace people, but it can get us to decision points faster — something the entire sector needs.”

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

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Maritime Resources: A Low-risk Path to Gold Production in One of the World’s Top Mining Jurisdictions

Maritime Resources (TSXV:MAE) is a Canadian gold development company advancing the fully permitted, high-grade Hammerdown project in Newfoundland & Labrador’s prolific Baie Verte mining district. A past-producing asset, Hammerdown is shovel-ready and de-risked, with construction underway and first ore deliveries to the Pine Cove Mill anticipated between late summer and early fall 2025.

Hammerdown is uniquely positioned to capitalize on existing infrastructure, with close access to paved roads, power, ports, and Maritime’s wholly owned Pine Cove processing facility. Unlike many greenfield developers, Maritime is pursuing a low-capex, staged production strategy—leveraging its established infrastructure and skilled local workforce to reduce costs, mitigate risk, and fast-track value creation through near-term cash flow generation amid record-high gold prices.

Hammerdown project site

Looking ahead, Maritime Resources aims to establish a 100,000 oz/year production platform by integrating nearby deposits—including Orion, Stoger Tight, and Deer Cove—and reactivating its 700 tpd Nugget Pond gold plant. The company’s extensive regional land package spans over 435 sq km of highly prospective terrain, with strong potential for gold, VMS, and porphyry-style mineralization.

Company Highlights

  • Near-term Gold Production: First production targeted for H2/2025 from the fully permitted Hammerdown open pit project.
  • High-grade Gold Reserves: 1.9 Mt at 4.46 g/t gold (272 koz) proven and probable reserves support initial 35,000-45,000 oz/year production.
  • Low-CAPEX Startup: Initial capital estimated at C$15 to $20 million, among the lowest in the sector for a new mine, leveraging Maritime’s fully operational Pine Cove mill
  • Owned Processing Infrastructure: Pine Cove Mill (1,300 tpd, operational) and the Nugget Pond gold plant (700 tpd CIP circuit, on standby).
  • Exploration Upside: 435 sq km land package includes multiple brownfield and greenfield targets proximal to infrastructure.
  • Institutional Backing: Strong support from Dundee Corporation, Eric Sprott and other institutions.
  • Local Workforce Advantage: Fully staffed Pine Cove Mill with 100 percent local residents

This Maritime Resources profile is part of a paid investor education campaign.*

Click here to connect with Maritime Resources (TSXV:MAE) to receive an Investor Presentation

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Stallion Uranium Provides Update on Technology Data Acquisition Agreement

 

Stallion Uranium Corp. (the ‘ Company ‘ or ‘ Stallion ‘ ) ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) announces that further to its news release of July 8, 2025, announcing that it had entered into a technology data acquisition agreement, the Company clarifies that the technology licensing agreement is dated effective July 7, 2025 and not April 24, 2025. For further information in respect of this transaction, please refer to the Company’s news release of July 8, 2025.

 

  About Stallion Uranium Corp.:  

 

 Stallion Uranium is working to ‘Fuel the Future with Uranium’ through the exploration of roughly 1,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.

 

Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. For more information visit stallionuranium.com .

 

  On Behalf of the Board of Stallion Uranium Corp.:  

 

Matthew Schwab
CEO and Director

 

  Corporate Office:  
700 – 838 West Hastings Street,
Vancouver, British Columbia,
V6C 0A6

 

T: 604-551-2360
info@stallionuranium.com  

 

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

 

  This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, ‘forward-looking statements’) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ‘will likely result’, ‘are expected to’, ‘expects’, ‘will continue’, ‘is anticipated’, ‘anticipates’, ‘believes’, ‘estimated’, ‘intends’, ‘plans’, ‘forecast’, ‘projection’, ‘strategy’, ‘objective’ and ‘outlook’) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.  

 

  Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement .

 

   

 

 

News Provided by GlobeNewswire via QuoteMedia

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Trump Tariffs to Raise US Medical Device Costs, Hospitals Hold Off on Stockpiling

President Donald Trump’s new round of tariffs —this time targeting copper— has intensified concerns about rising costs across key sectors, including healthcare.

But despite significant price pressures on steel, aluminum, and now copper, all vital to medical device production, there is no indication that US hospitals are stockpiling equipment ahead of expected price hikes, according to recent findings from GlobalData.

Announced earlier this week, Trump’s 50 percent tariff on copper imports matches the doubled rates already in effect for steel and aluminum.

The White House has defended these actions, imposed under Section 232 of the Trade Expansion Act of 1962, as necessary to protect US national security and revive domestic manufacturing.

But with tariffs applied indiscriminately across all import sources —excluding only the United Kingdom on certain metals—concerns are mounting over the downstream impact, especially on industries reliant on foreign raw materials.

“Although these tariffs are likely to impact distribution and increase consumer costs, some facilities may not have the financial resources to buy devices in advance,” said Amy Paterson, a medical analyst at GlobalData.

“While some markets have seen an increase in spending, it does not appear that healthcare facilities have been stocking up on medical devices in preparation for potential price increases or supply chain disruptions.”

Steel and aluminum are critical materials in the production of surgical tools, implants, diagnostic machines, and hospital infrastructure. Copper, now under the same elevated tariff level, is widely used in imaging equipment, monitors, and wiring for medical devices. All told, the latest tariff decisions mean higher input costs across a range of essential equipment.

GlobalData’s US Healthcare Facility Invoicing Database, which tracks procurement activity across 56 medical device categories, shows no significant increase in healthcare spending between January and May 2025.

Even as May and June data continue to roll in, early signs suggest healthcare purchasing behavior remains steady, not preemptive.

This spending inertia comes despite broader signals that cost pressures on US healthcare providers may worsen. Unlike certain exemptions applied to pharmaceuticals or food products, the latest tariffs make no carveouts for medical equipment or life-saving devices.

This means that hospitals, who are already facing tight budgets and post-pandemic financial strain, may have to absorb higher equipment costs or pass them on to patients.

Taken together, the policy shifts and trade actions illustrate a broader Trump administration approach centered on cutting international dependencies, regardless of sector.

In metals, the administration argues, cheap imports from China and elsewhere have flooded global markets, putting US producers out of business and threatening industrial self-sufficiency.

The move to double tariffs on steel and aluminum reflects that ambition. Copper, added to the list this week, signals a continued hardline stance that could affect everything from defense manufacturing to consumer electronics.

The US imports more than half its aluminum and about one-third of its copper, much of it from countries like Canada and Chile.

By raising costs on these materials, the administration hopes to encourage domestic mining and refining. However, in the short term, US industries are bearing the brunt.

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

This post appeared first on investingnews.com

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EVs Now Emit 73 percent Less Than Gasoline Cars Over Their Lifetime, Says ICCT Study

A new analysis from the International Council on Clean Transportation (ICCT) has found that battery electric vehicles (BEVs) sold in Europe today produce 73 percent fewer greenhouse gas emissions over their lifetime than comparable gasoline-powered cars

The findings are based on an updated life-cycle assessment (LCA) of all major vehicle powertrain types, including internal combustion engine vehicles (ICEVs), hybrids (HEVs), plug-in hybrids (PHEVs), battery electric vehicles (BEVs), and hydrogen fuel cell electric vehicles (FCEVs).

The report accounts for emissions from vehicle and battery manufacturing, energy production, use and maintenance, while crucially considering changes in the EU’s electricity mix over a car’s operational life.

“Battery electric cars in Europe are getting cleaner faster than we expected and outperform all other technologies, including hybrids and plug-in hybrids,” said lead researcher Dr. Marta Negri. “This progress is largely due to the fast deployment of renewable electricity across the continent and the greater energy efficiency of battery electric cars.”

Further estimates show that BEVs sold this year emit an average of 63 grams (g) of CO₂-equivalent per kilometer (e/km)—down from 83 g CO₂e/km in the ICCT’s 2021 study, and far below the 235 g CO₂e/km estimated for gasoline ICEVs.

The improvement, the ICCT said, reflects rapid decarbonization of Europe’s grid and growing efficiency gains in battery and vehicle production.

When BEVs are powered solely by renewable electricity, their life-cycle emissions fall even further—to 52 g CO₂e/km, or 78 percent lower than those of gasoline cars.

In contrast, the ICCT found that other powertrain types show only limited progress. Plug-in hybrids emit about 30 percent less than gasoline cars over their lifetime, and hybrids achieve just a 20 percent reduction. Natural gas vehicles offer only a 13 percent cut, and diesel cars show emissions similar to gasoline models.

The report also assessed hydrogen fuel cell vehicles. When powered by hydrogen derived from renewable electricity—a technology not yet widely available—FCEVs can reduce emissions by 79 percent compared to gasoline cars.

However, nearly all hydrogen currently used in Europe is produced from natural gas, limiting the actual emission savings to around 26 percent.

Decarbonizing the grid key to BEV success

The ICCT attributes the growing emissions advantage of electric cars to the rapid transition toward renewable energy across the EU.

In 2025, renewables are expected to make up 56 percent of electricity generation, up from 38 percent in 2020. This trend is projected to continue, reaching 86 percent by 2045, based on data from the EU’s Joint Research Centre.

Even with their higher production emissions—largely due to battery manufacturing—electric cars close the “emissions debt” within the first 17,000 kilometers of use, typically within the first one to two years in Europe.

Another purpose of its updated LCA, according to ICCT, was to counter widespread misinformation about electric vehicles’ environmental impacts.

“We hope this study brings clarity to the public conversation, so that policymakers and industry leaders can make informed decisions,” said Dr. Georg Bieker, co-author of the report. “We’ve recently seen auto industry leaders misrepresenting the emissions math on hybrids.”

“Life-cycle analysis is not a choose-your-own-adventure exercise. Our study accounts for the most representative use cases and is grounded in real-world data. Consumers deserve accurate, science-backed information,” he added.

A common misperception, the ICCT notes, is that electric cars are worse for the climate because of their manufacturing footprint.

However, the study concludes that failing to account for the evolving electricity mix and real-world driving patterns leads to distorted comparisons that undervalue electric cars’ advantages.

The full report can be viewed on the ICCT’s website.

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

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Cygnus Metals Limited: Issue of Performance Rights

 

Cygnus Metals Limited (‘Cygnus’ or the ‘Company’) advises that it has issued an aggregate of 67,050,000 performance rights (‘Performance Rights’) to directors, and key employees and consultants, under the Company’s Omnibus Equity Incentive Plan (‘Plan’).

 

Shareholders approved the Plan and the issue of Performance Rights to directors at the Company’s annual general meeting held on May 14, 2025. The Performance Rights to key personnel were issued on the same terms and conditions as the director Performance Rights, as set out in the notice of annual general meeting released to ASX on April 14, 2025.

 

The Performance Rights vest on the later of (a) one year after their date of issue, and (b) the successful completion of specific key performance objectives within three years from the date of issue. Each vested Performance Right is exercisable to one fully paid ordinary share in the capital of the Company (net of applicable withholdings) and will expire on May 31, 2030 unless exercised on or before this date.

 

The objective of Cygnus’ Plan is to promote the long-term success of the Company and the creation of shareholder value by aligning the interests of eligible persons under the Plan with the interests of the Company.

 

This announcement has been authorised for release by the Board of Directors of Cygnus.

 

      

  David Southam  
Executive Chair  
T: +61 8 6118 1627  
E:    info@cygnusmetals.com   		   Ernest Mast  
President & Managing Director  
T: +1 647 921 0501  
E:    info@cygnusmetals.com   		   Media:  
Paul Armstrong  
Read Corporate  
+61 8 9388 1474  
     

 

  About Cygnus Metals  

 

 Cygnus Metals Limited (ASX: CY5, TSXV: CYG) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.

 

   

 

 

News Provided by GlobeNewswire via QuoteMedia

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FPX Nickel Announces Share-Based Compensation Grant

 

 

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (‘ FPX ‘ or the ‘ Company ‘) announces that the board of directors of the Company has approved the grant of 5,305,000 stock options (the ‘ Options ‘) to directors, officers and employees of the Company pursuant to the Company’s Share Compensation Plan. The Options have an exercise price of $0.30 per share, with a five-year term and are fully vested on the grant date, July 10, 2025 .

 

 

   

 

 

The Company also granted an aggregate 750,000 restricted share units (the ‘ RSUs ‘) to certain officers of the Company. The RSUs vest in three equal installments on the annual anniversaries of the grant date and each vested RSU will entitle the holder to receive one common share of the Company or the equivalent cash value upon settlement.

 

  About FPX Nickel Corp.  

 

 FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company’s website at https://fpxnickel.com/ or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

 

On behalf of FPX Nickel Corp.

 

‘Martin Turenne’
Martin Turenne , President, CEO and Director

 

   Forward-Looking Statements   

 

  Certain of the statements made and information contained herein is considered ‘forward-looking information’ within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company’s periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.  

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.  

 

SOURCE FPX Nickel Corp.

 

 

 

  View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/11/c5569.html  

 

 

 

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Blue Lagoon Resources Officially Opens Dome Mountain Gold Mine in British Columbia

 

(TheNewswire)

 

  

   
 

 

July 11, 2025 TheNewswire – Vancouver, British Columbia Blue Lagoon Resources Inc. (the ‘ Company ‘) (CSE: BLLG,OTC:BLAGF; OTCQB: BLAGF; FSE: 7BL) is pleased to announce the official opening of its wholly owned Dome Mountain Gold Mine Project, that recently received its mining permit making it one of only nine mining permits granted in British Columbia in the past decade – and one of just a few high-grade, road-accessible gold projects to reach production-ready status in recent years.

 

  The celebration, held on July 9, 2025, brought together over 100 guests from across Canada and abroad — including attendees from Germany, South Carolina, Denver, Montana and Toronto — to mark this significant milestone for the Company and the region.  

 

Dignitaries in attendance included the Mayor of Smithers, Gladys Atrill; MLA Sharon Hartwell (Bulkley Valley-Stikine); and MP Ellis Ross (Skeena-Bulkley Valley). Also present were various representatives from the Ministry of Mines and Critical Minerals and other provincial agencies. Minister of Mining and Critical Minerals, Jagrup Brar, was unable to attend in person due to his participation in the annual Conference of Mines Ministers of Canada, held in Prince Edward Island. However, he shared a recorded message acknowledging the importance of the project, which was played during the event. Minister Brar is scheduled to visit and tour the Dome Mountain site later this month.

 

In a powerful display of cultural heritage and support, 18 Hereditary Chiefs and Guardians from the Lake Babine Nation (LBN) joined Hereditary Chief and Council Member Fabian Michell for the opening ceremony, which featured a traditional drum ceremony representing songs from all four LBN clans: Bear, Beaver, Frog, and Caribou.

 

‘We were deeply honoured to stand alongside the Lake Babine Nation, whose presence and participation made this day truly meaningful,’ said Rana Vig, President & CEO of Blue Lagoon Resources. ‘This is more than just the opening of a gold mine — it’s a moment that reflects years of hard work, resilience, and respectful collaboration.’

 

During the two-day event, guests had the opportunity to take underground tours as well as visit the recently completed, state-of-the-art water treatment plant — a key environmental safeguard for the project. The facility has the capacity to treat over six times the current needs at Dome Mountain, ensuring long-term environmental resilience as production scales.

 

With the mine officially open, pre-production work will begin next week, setting up Dome Mountain to   begin mining and transition to near-term cash flow   once the Moving Bed Biofilm Reactor (MBBR) system is commissioned – expected in about four weeks. The two-stage water-treatment facility features a functioning High-Density Sludge (HDS) circuit and the MBBR circuit, which uses microbes to remove blasting-related ammonia and nitrates. The MBBR’s biological ramp-up phase typically takes approximately four weeks. Mining will commence immediately upon the completion of this phase.

 

‘As a geologist, this is a proud moment in my career,’ said Bill Cronk, Chief Geologist and Project Manager at Blue Lagoon Resources. ‘To see a project go from exploration to production — and to be part of that transformation — is something most geologists only dream of. This team made it happen and I’m very proud of that.’

 

The event also welcomed strategic investors and partners, including Dr. Quinton Hennigh, technical advisor to Crescat Capital, and Peter Espig, CEO of Nicola Mining, with whom Blue Lagoon has a long-term toll milling agreement.

 

‘Dome Mountain represents what’s possible when entrepreneurial determination meets responsible mining practices,’ said Peter Espig, CEO of Nicola Mining. ‘We’re proud to support Blue Lagoon in bringing this project to life, and to be part of a partnership grounded in trust, transparency, and technical excellence.’

 

Throughout the event, Blue Lagoon’s highly experienced technical team was on site to answer questions and provide detailed explanations of the mining methods and techniques planned for Dome Mountain. This included Steve Cutler of Roughstock Mining, an accomplished underground mining consultant with decades of experience who has worked on a wide range of underground gold projects across North America. Also present was Peter Bojtos, a professional mining engineer with global experience who has been directly involved in the opening or reopening of 19 mines over the course of his career — making Dome Mountain his 20th. Mr. Bojtos is a current director of Avino Silver & Gold Mines Ltd (formerly Chairman) (ASM:NYSE) and a technical advisor on the Dome Mountain Gold Project.

 

   With pre-production work beginning next week, Blue Lagoon Resources is now positioned to become one of British Columbia’s next producing high-grade gold mines.   

 

  About Blue Lagoon Resources Inc.  

 

  Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG,OTC:BLAGF; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining  

 

  jurisdiction in British Columbia, Canada. With the granting of a full    mining permit,    a key milestone achieved in February 2025 – one of only nine such permits issued in British Columbia since 2015 – Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting    Q3 2025    as the start of gold    production    . The Company’s primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.  

 

  The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource.  The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.  

 

  For   further   information,   please   contact:  

 

  Rana   Vig  

 

  President   and   CEO  

 

  Telephone:   604-218-4766  

 

  Email:     ranavig@bluelagoonresources.com    

 

  The   CSE   has   not   reviewed   and   does   not   accept   responsibility   for   the   adequacy   or   accuracy   of   this   release.  

 

  Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the ‘Company’) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘targets’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’, ‘mine’, ‘production’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Although the Company 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions.  Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s, contractor’s and consultants’ beliefs, estimates or opinions, or other factors, should change.  

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

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OpenAI to release web browser in challenge to Google Chrome

SAN FRANCISCO — OpenAI is close to releasing an AI-powered web browser that will challenge Alphabet’s market-dominating Google Chrome, three people familiar with the matter told Reuters.

The browser is slated to launch in the coming weeks, three of the people said, and aims to use artificial intelligence to fundamentally change how consumers browse the web. It will give OpenAI more direct access to a cornerstone of Google’s success: user data.

If adopted by the 500 million weekly active users of ChatGPT, OpenAI’s browser could put pressure on a key component of rival Google’s ad-money spigot. Chrome is an important pillar of Alphabet’s ad business, which makes up nearly three-quarters of its revenue, as Chrome provides user information to help Alphabet target ads more effectively and profitably, and also gives Google a way to route search traffic to its own engine by default.

OpenAI’s browser is designed to keep some user interactions within a ChatGPT-like native chat interface instead of clicking through to websites, two of the sources said.

The browser is part of a broader strategy by OpenAI to weave its services across the personal and work lives of consumers, one of the sources said.

OpenAI declined to comment. The sources declined to be identified because they are not authorized to speak publicly on the matter. Led by entrepreneur Sam Altman, OpenAI upended the tech industry with the launch of its AI chatbot ChatGPT in late 2022. After its initial success, OpenAI has faced stiff competition from rivals including Google and startup Anthropic, and is looking for new areas of growth.

In May, OpenAI said it would enter the hardware domain, paying $6.5 billion to buy io, an AI devices startup from Apple’s former design chief, Jony Ive. A web browser would allow OpenAI to directly integrate its AI agent products such as Operator into the browsing experience, enabling the browser to carry out tasks on behalf of the user, the people said.

The browser’s access to a user’s web activity would make it the ideal platform for AI “agents” that can take actions on their behalf, like booking reservations or filling out forms, directly within the websites they use.

OpenAI has its work cut out — Google Chrome, which is used by more than 3 billion people, currently holds more than two-thirds of the worldwide browser market, according to web analytics firm StatCounter. Apple’s second-place Safari lags far behind with a 16% share. Last month, OpenAI said it had 3 million paying business users for ChatGPT.

Perplexity, which has a popular AI search engine, launched an AI browser, Comet, on Wednesday, capable of performing actions on a user’s behalf. Two other AI startups, The Browser Company and Brave, have released AI-powered browsers capable of browsing and summarizing the internet.

Chrome’s role in providing user information to help Alphabet target ads more effectively and profitably has proven so successful that the Department of Justice has demanded its divestiture after a U.S. judge last year ruled that the Google parent holds an unlawful monopoly in online search.

OpenAI’s browser is built atop Chromium, Google’s own open-source browser code, two of the sources said. Chromium is the source code for Google Chrome, as well as many competing browsers including Microsoft’s Edge and Opera. Last year, OpenAI hired two longtime Google vice presidents who were part of the original team that developed Google Chrome. The Information was first to report their hires and that OpenAI previously considered building a browser.

An OpenAI executive testified in April that the company would be interested in buying Chrome if antitrust enforcers succeeded in forcing the sale. Google has not offered Chrome for sale. The company has said it plans to appeal the ruling that it holds a monopoly.

OpenAI decided to build its own browser, rather than simply a “plug-in” on top of another company’s browser, in order to have more control over the data it can collect, one source said.

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