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Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the ‘Company‘ or ‘Lahontan‘) is pleased to announce that the Federal Bureau of Land Management (‘BLM‘) has published its Decision Record (‘DR‘), Finding of No Significant Impact (‘FONSI‘), and approval of the Company’s Exploration Plan of Operations (‘EPOO‘) for the Santa Fe Mine project, on the BLM’s website: https://eplanning.blm.gov/eplanning-ui/home. This decision concludes the National Environmental Policy Act (‘NEPA‘) Environmental Assessment (‘EA‘) process and authorizes Lahontan to move forward with its greatly expanded exploration drilling and mine development program at Santa Fe.

The recently approved Exploration Plan of Operations (‘EPOO’) allows Lahontan to conduct exploration drilling across a 12.2 km² area of the Santa Fe Mine project, enabling the Company to test multiple new targets, well beyond the currently defined gold and silver resources (see map below)*. Previous Lahontan drilling programs focused on validating historical drill results, defining and expanding resources adjacent to the past-producing open pits, and collecting data to support detailed mine planning and scheduling.

With the EPOO in place, Lahontan can now initiate true exploration programs across the broader project area. The EPOO encompasses over 700 permitted drill holes targeting well-defined geologic and geochemical anomalies, as well as previously drilled areas that returned significant gold and silver intercepts that require follow-up drilling. Priority targets include the Pinnacles area, hosted in a similar geologic setting to Fortitude Gold’s nearby Isabella Pearl Mine, as well as important historic drilling at the Guzzler target south of the Santa Fe open pit, along with multiple untested zones between the known resource areas at Santa Fe (see map below).

Map of the recently approved EPOO for Santa Fe. The yellow shading outlines the area included in the EPOO, dark red indicates the historic pits including the Isabella Pearl pit west of the project boundary, the red lines shows the surface projection of known gold and silver resources*.

Kimberly Ann, Lahontan Gold Corp. Executive Chair, Founder, CEO, and President commented: ‘Receiving approval of the Santa Fe Mine project EPOO represents a landmark milestone for Lahontan. Until now, the Company’s exploration activities were limited to a five-acre disturbance area, significantly restricting its ability to step out from known resources and fully assess the exploration potential of the Santa Fe Mine Project. With the approval of the EPOO, Lahontan can now explore a 12.2 km² area encompassing multiple well-defined geological and geochemical targets located between and adjacent to existing gold and silver resources. The expanded permit area also allows for drill testing of the historical heap leach pads, which may contain remnant mineralization of potential economic interest. This approval positions the Company to evaluate the broader gold and silver endowment of the Santa Fe Mine project and to unlock the full potential of its strategic land position in Nevada’s Walker Lane. Lahontan would also like to thank the staff of the Carson City office of the BLM for their efficient and timely completion of the EPOO.’

Map of exploration targets at the Santa Fe Mine Project.

About Lahontan Gold Corp.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 28.3 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq(48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. For more information, please visit our website: www.lahontangoldcorp.com

* Please see the ‘Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project’, Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to 79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%.

Qualified Person

Brian J. Maher, M.Sc., CPG-12342, is a ‘Qualified Person’ as defined under Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this news release in respect of all technical disclosure other than the Mineral Resource Estimate as noted above.‎ Mr. Maher is Vice President-Exploration for Lahontan Gold and has verified the data disclosed in this news release, including the sampling, ‎‎analytical and test data underlying the disclosure.

On behalf of the Board of Directors

Kimberly Ann

Founder, CEO, President, and Director

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lahontan Gold Corp.

Kimberly Ann
Founder, Chief Executive Officer, President, Director
Phone: 1-530-414-4400

Email:
Kimberly.ann@lahontangoldcorp.com

Website: www.lahontangoldcorp.com

Cautionary Note Regarding Forward-Looking Statements:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com

Source

Click here to connect with Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) to receive an Investor Presentation

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Empire Metals Limited, the AIM-quoted and OTCQX-traded exploration and development company, is pleased to announce the appointment of Canaccord Genuity Limited (‘Canaccord‘) as joint corporate broker with immediate effect. Canaccord will work alongside S. P. Angel Corporate Finance LLP and Shard Capital Partners LLP.

For further information please visit www.empiremetals.co.uk or contact:

Empire Metals Ltd

Shaun Bunn / Greg Kuenzel / Arabella Burwell

Tel: 020 4583 1440

S. P. Angel Corporate Finance LLP (Nomad & Joint Broker)

Ewan Leggat / Adam Cowl

Tel: 020 3470 0470

Canaccord Genuity Limited (Joint Broker)

James Asensio / Christian Calabrese / Charlie Hammond

Tel: 020 7523 8000

Shard Capital Partners LLP (Joint Broker)

Damon Heath

Tel: 020 7186 9950

Tavistock (Financial PR)

Emily Moss / Josephine Clerkin

empiremetals@tavistock.co.uk

Tel: 020 7920 3150

About Empire Metals Limited

Empire Metals Ltd (AIM:EEE and OTCQX:EPMLF) is an exploration and resource development company focused on the rapid commercialisation of the Pitfield Titanium Project, located in Western Australia. The titanium discovery at Pitfield is of unprecedented scale and hosts one of the largest and highest-grade titanium resources reported globally, with a Mineral Resource Estimate (MRE) totalling 2.2 billion tonnes grading 5.1% TiO₂ for 113 million tonnes of contained TiO₂.

The MRE, which covers only the Thomas and Cosgrove deposits, includes a weathered zone resource of 1.26 billion tonnes at 5.2% TiO₂ and a significant Indicated Resource of 697 million tonnes at 5.3% TiO₂, predominantly from the Thomas deposit. Titanium mineralisation at Pitfield occurs from surface and displays exceptional grade continuity along strike and down dip. The MRE extends across just 20% of the known mineralised footprint, providing substantial potential for further resource expansion.

Conventional processing has already produced a high-purity product grading 99.25% TiO₂, suitable for titanium sponge metal or pigment feedstock. The friable, in-situ weathered zone supports low-cost, strip mining without the need for blasting or overburden removal.

With excellent logistics and established infrastructure, including rail links to deep-water ports with direct access to Asia, the USA, Europe and Saudi Arabia, Pitfield is strategically positioned to supply the growing global demand for titanium and other critical minerals.

Empire is now accelerating the economic development of Pitfield, with a vision to produce a high-value titanium metal and/or pigment quality product at Pitfield, to realise the full value potential of this exceptional deposit.

The Company also has two further exploration projects in Australia; the Eclipse Project and the Walton Project in Western Australia, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Source

Click here to connect with Empire Metals Ltd (AIM:EEE and OTCQX:EPMLF) to receive an Investor Presentation

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Equity Metals Corporation (TSXV: EQTY,OTC:EQMEF) (FSE: EGSD) is pleased to announce the company is participating in the upcoming 121 Mining Investment Conference in London. Rob Macdonald, VP of Exploration of Equity Metals Corporation will be presenting about the Company’s recent and future planned activities.

121 Mining Investment London will be hosting over 150 mining companies and more than 500 sophisticated investors for two days of pre-arranged, targeted 1-2-1 meetings.

Alongside the curated schedule of pre-booked meetings matching investors with appropriate projects, the conference programme will provide expert commentary and the latest market intelligence on key industry developments.

This year’s event is being held on Nov 17-18.

Any investors who would like to attend 121 Mining Investment London can register for a free pass here.

About 121 Mining Investment

The 121 Mining Investment global event series connects portfolio managers and analysts from institutional funds, private equity groups and family offices with mining company management teams for 1-2-1, private in-person meetings.

121 Mining Investment has an ever-expanding global portfolio, currently covering London, New York, Cape Town, Dubai and Singapore, as well as online editions throughout the year.

About Equity Metals Corporation

Equity Metals Corporation is a Malaspina-Manex Group Company. The Company owns 100% interest, with no underlying royalty, in the Silver Queen project, located along the Skeena Arch in the Omineca Mining Division, British Columbia. The property hosts high-grade, precious- and base-metal veins related to a buried porphyry system, which has been only partially delineated. The Company also has a controlling JV interest (57.49%) in the Monument Diamond project, NWT, strategically located in the Lac De Gras district within 40 km of both the Ekati and Diavik diamond mines and an option to earn a 100% interest in the Arlington Au-Ag-Cu property in Southern BC.

For additional information, please contact:

Equity Metals Corporation
Jay Oness
VP of Corporate Development
6046412759
corpdev@mnxltd.com
https://equitymetalscorporation.com/

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East Star Resources Plc (LSE: EST), the Kazakhstan-focused gold and base metals explorer, is pleased to announce that it has entered into a binding Earn-In and Joint Venture Agreement (the ‘Agreement‘) with Endeavour Exploration Limited (‘Endeavour‘), a subsidiary of Endeavour Mining PLC (LSE: EDV/TSX: EDV), one of the world’s leading gold producers.

Key Terms of the Agreement

  • The Agreement establishes a joint venture between East Star and Endeavour for the exploration and development of gold projects in Kazakhstan.
  • East Star will retain a 20% interest in JVCO upon full earn-in by Endeavour.
  • East Star will act as Manager of the Joint Venture during the initial phase and receive remuneration for this role.
  • Endeavour will make milestone payments to East Star during the earn-in period, subject to review by an independent Qualified Person, based on pre-agreed amounts per ounce for any Maiden Resource and any maiden PFS.
  • Following the earn-in period, both parties will fund JVCO pro-rata to their respective shareholdings, with dilution provisions in place for non-participating parties.

Alex Walker, CEO of East Star Resources, commented:

We are delighted to sign this Agreement with Endeavour, which is a transformational milestone for East Star that validates the quality of our exploration programme and provides a clear pathway to unlock the full potential of our gold exploration strategy.

Endeavour is a top 10 global gold producer, with one of the best discovery track records in the sector and, importantly, they have an excellent track record of converting those discoveries into mines, having built five projects in the last 11 years, all to plan, across three jurisdictions. As a result, Endeavour is a world class partner for East Star and we look forward to delivering value together, for all of our stakeholders.

Figure 1: Areas of Interest subject to the Agreement. Two proven, underexplored mineral belts

Notice of Investor Webinar

East Star will host a webcast and Q&A for investors to discuss the $25M+ strategic JV agreement with Endeavour Mining for gold exploration in Kazakhstan via the Investor Meet Company platform on Tuesday, 18 November 2025 at 10 a.m. GMT. A recording of the webcast, along with the accompanying slides, will be made available on the Company’s website later that day.

Investors can sign up to Investor Meet Company for free and add East Star Resources plc in order to attend the webcast via: https://www.investormeetcompany.com/east-star-resources-plc/register-investor.

Investors who already follow East Star Resources plc on the Investor Meet Company platform will automatically be invited. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9 a.m. GMT on 17 November 2025, or at any time during the live presentation. No material new financial or other information will be provided.

Contacts:

East Star Resources Plc
Alex Walker, Chief Executive Officer
Tel: +44 (0)20 7390 0234 (via Vigo Consulting)

SI Capital (Corporate Broker)
Nick Emerson
Tel: +44 (0)1483 413 500

Vigo Consulting (Investor Relations)
Ben Simons / Peter Jacob / Anna Stacey
Tel: +44 (0)20 7390 0234

About East Star Resources Plc

East Star Resources is focused on the discovery and development of copper and gold in Kazakhstan. The Company is pursuing multiple exploration strategies including:

  • Volcanogenic massive sulphide (VMS) exploration, which to date includes a deposit with a maiden JORC MRE of 20.3Mt @ 1.16% copper, 1.54% zinc and 0.27% lead, in an infrastructure-rich region, amenable to a low capex development
  • Copper porphyry and epithermal gold exploration, with multiple opportunities for Tier 1 deposits

Visit our website:

www.eaststarplc.com

Follow us on social media:
LinkedIn: https://www.linkedin.com/company/east-star-resources/
X: https://x.com/EastStar_PLC

Subscribe to our email alert service to be notified whenever East Star releases news:

www.eaststarplc.com/newsalerts

About Endeavour Mining PLC

Endeavour Mining is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Côte d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets.

A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering meaningful value to people and society. Endeavour is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.

The person who arranged for the release of this announcement was Alex Walker, CEO of the Company.

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310) (‘UK MAR’). Upon the publication of this announcement, this inside information (as defined in UK MAR) is now considered to be in the public domain.

Source

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The investment management landscape is undergoing a fundamental shift.

The once-standard 60/40 portfolio approach, which balances equities and bonds, is being challenged by market volatility, the crowding of mega-cap tech stocks and rapid technological innovation reshaping the economy.

Navigating this environment requires a new mindset that embraces a blend of passive, active and alternative strategies to build resilient portfolios prepared for both risks and emerging opportunities.

Unbundling portfolios for resilience

Mersch advises unbundling traditional portfolios. Instead of relying solely on equity and fixed income, investors should blend a passive core with active management and alternative asset allocations.

“You might need to…alternative asset classes that might have either lower or even sometimes negative correlations, and start to think about the attributes that you want to build in a lot of resiliency around periods of volatility.”

Digital assets and gold are effective diversifiers in this landscape, contributing to what Mersch calls the ability “to zig while other paper assets zag.”

Active approaches enable investors to explore attractive opportunities beyond mega-cap concentration; however, dynamic risk budgeting and continuous reassessment are critical, especially when markets exhibit complacency or crowding in dominant sectors like tech.

“That’s where you can take a much more active approach in terms of betting on… other pockets or corners of the market.

“What I would encourage people to look at is the cost savings that we’re seeing in a lot of core businesses. A lot of businesses that operate in the real economy are starting to gain some real operating leverage because they’re implementing these tools as well.”

Thematic investment in technology and AI

AI infrastructure and semiconductors stand at the forefront of modern investment themes. Long-term infrastructure buildouts promise a transformative impact.

Mersch highlighted the accelerating buildout of data centers, which are critical to powering AI advancements, noting an expected leap in US electricity demand. “If you look at total electricity growth in the US from 2001 to 2024, it grew around 0.5 percent on an annualized basis. Over the next five years, it’s going to grow 4 percent,” he explained.

This surge underscores the energy-intensive nature of AI, creating substantial structural tailwinds for related real assets and thematic investment vehicles like ETFs.

The semiconductor industry exemplifies the globalization and complexity of technological innovation. Mersch described it as “one of the most global operating systems in the world,” spanning diverse geographies from chip design and fabrication to lithography and memory production.

However, escalating geopolitical tensions and US trade restrictions introduce layers of risk that demand active management and meticulous stock selection.

He also addressed concerns about circular financing risks in AI infrastructure. “When you have vendor financing, you’re essentially front running and creating that artificial demand,” he said, adding that vigilance regarding genuine adoption indicators, such as compute token usage reflecting actual AI workflow application, is needed to guard against this. “All signs right now are pointing to yes,” he said.

While echoes of prior tech cycles suggest potential boom and bust phases, Mersch noted that the scale and pace of capital expenditure in AI infrastructure signify foundational change with likely enduring impact. Complementarily, cybersecurity continues to gain importance as data proliferation accelerates and AI’s dual role as protector and attack vector. Companies specialized in endpoint protection and innovative security solutions play a key part in making tech portfolios more robust.

Meanwhile, speculative avenues like quantum computing offer future innovation frontiers. “I think Canada has definitely a really exciting future when it comes to quantum,” he added, noting Xanadu’s recent IPO announcement. “They kind of have these capabilities that only two other labs in the world have achieved.”

Mersch was referencing the company’s Aurora system, which uses photons as quantum bits, commonly referred to as qubits. “So we’re seeing a lot of that expertise being grown out here.”

Emerging strategies for future growth

Mersch also highlighted venture capital and private equity as core components of alternatives that complement passive and active strategies.

He noted the evolving accessibility of venture capital, with some democratization happening via fractional ownership and tokenization.

However, he cautions that top quartile funds still dominate returns, making established track records and fees critical considerations for investors.

In a similar vein, secondary market platforms offer new gateways by allowing access to direct listings and share sales, but come with layered fees and risks.

Long and short equity strategies also play a pivotal role in reducing correlation to broader markets. These funds can capitalize on thematic disruptions by taking long positions in companies leading structural change while shorting those likely to be disrupted.

Practical insight and forward-looking considerations

The modern paradigm of portfolio construction demands a sophisticated and dynamic approach, moving beyond simple stock and bond allocations. A resilient portfolio must now strategically integrate the three aforementioned key components.

Mersch’s insights offer a roadmap for investors navigating a rapidly evolving dynamic. In this landscape, embracing technology-driven themes is not merely optional but essential for future growth; however, any introduction of higher-risk assets requires both optimism and caution amid volatile and geopolitically complex markets.

Ultimately, building a resilient portfolio for the future means moving beyond old paradigms and proactively integrating new technologies and strategies with disciplined risk management.

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

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Glencore (LSE:GLEN,OTC Pink:GLCNF) is reportedly set to take a major position in the Hong Kong initial public offering (IPO) of Chuangxin Industries Holdings as aluminum prices climb to multi-year highs.

According to a Bloomberg report, people familiar with the matter said Glencore will participate as a cornerstone investor in the offering, alongside Hillhouse Investment Management and China Hongqiao Group, the country’s largest private aluminum producer.

Together, the three firms and other cornerstone participants could take up roughly half of the US$700 million deal, according to the sources, who asked not to be identified as the information remains private.

Aluminum prices on the London Metal Exchange (LME) hit a three-year high of US$2,900 per metric ton last week, buoyed by tight supply and a government-imposed ceiling on new smelting capacity.

Those restrictions have helped sustain profitability among China’s smelters, which account for about half of global primary aluminum output.

Chuangxin, based in Inner Mongolia, plans to begin taking investor orders as soon as Friday for its Hong Kong debut, according to the same sources.

The company’s business centers on the production of primary aluminum and alumina, the key raw material for smelting. Its largest customer is Innovation New Material Technology, a Shanghai-listed firm led by Chuangxin chairman Cui Lixin, according to the company’s Hong Kong exchange filing.

If completed, the IPO would be one of the largest metals-related listings in Hong Kong this year. Total proceeds from Hong Kong listings are on track to hit a four-year high in 2025, potentially topping US$40 billion.

The rebound follows a long period of muted activity, though analysts note that several high-profile debuts have underperformed recently.

As one of the world’s largest traders of base metals, the company has been ramping up its participation in key supply chains tied to electrification and renewable infrastructure.

Aluminum, valued for its light weight and conductivity, plays a central role in the shift toward low-carbon technologies.

Representatives for Glencore and China Hongqiao declined to comment on the matter. Hillhouse did not immediately respond to a request for comment, while Chuangxin could not be reached.

The people familiar with the deal cautioned that final terms and investment allocations could still change as discussions continue.

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

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Perth, Australia (ABN Newswire) – Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) announced the appointment of Mr Ian Stockton as Non-Executive Technical Director with effect from immediately following the AGM on 28 November 2025.

Mr Stockton is a highly credentialed geologist and mining executive with over 35 years of experience in resource development, operations, and technical advisory roles across global markets. He has held senior technical and leadership roles with major industry groups, providing crucial strategic advice to explorers and producers in both the base and critical mineral sectors.

Mr Stockton’s technical expertise is deeply integrated into the full project life cycle. He possesses strength in mine development, resource optimisation, and technical regulatory compliance, having successfully managed multi-disciplinary technical teams and overseen major study programs, including several projects that have successfully transitioned from concept to full production. His practical grounding in geological assessment will be immediately deployed to de-risk and advance Locksley’s assets.

Crucially, Mr Stockton brings direct and invaluable experience with antimony resources, the core focus of Locksley’s U.S. strategy. His background includes involvement in the exploration and development of the significant Costerfield gold-antimony deposit in Victoria, Australia, where he helped bring the Brunswick open pit deposit into production in the late 1990s. Furthermore, he has maintained exposure to major global antimony projects through reviews and confidential due diligence on key Australian antimony assets. This specialised knowledge is directly applicable to advancing our high-grade Desert Antimony Mine (DAM).

At Locksley, Mr Stockton will direct the Company’s technical execution and resource expansion strategy, supporting the advancement of the Desert Antimony Mine (DAM) in California and the broader U.S. mine-to-market critical minerals program. His appointment adds significant technical depth to the Board just as Locksley transitions from exploration to the complex phase of development, integrating upstream mining with downstream processing and advanced-materials innovation.

Pat Burke, Locksley Chairman, commented:

‘Ian brings a wealth of technical and operational experience at a pivotal time for Locksley. His practical approach to geological interpretation and project development, coupled with his strong background in industry governance, will be invaluable as we move toward production and establish a vertically integrated U.S. antimony supply chain.’

Mr Stockton holds a Bachelor of Science (Geology) from the University of Canberra and is a Fellow of the AIG (FAIG), as well as Registered Professional Geologist (RPGEO) as well as a Member of the Australasian Institute of Mining and Metallurgy (AusIMM).

The Company also advises that Mr Bevan Tarratt will resign with effect from immediately following the AGM on 28 November 2025. Mr. Tarratt will provide assistance to the Company in an executive capacity during a transition phase to ensure continuity of corporate and project functions. The Board thanks Mr Tarratt for his invaluable contribution and looks forward to his continuing involvement with the Company.

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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Investor Insight

Standard Uranium offers high-grade uranium discovery potential in the Athabasca Basin. With a fully funded drill program scheduled for spring 2026 at its flagship Davidson River project, and joint ventures on other highly prospective projects, the company provides investors early stage exposure to the emerging nuclear energy market.

Overview

Standard Uranium (TSXV:STND,USOTC:STTDF,FRA:9SU0) is a uranium exploration and project generation company focused on advancing high-grade uranium discoveries within the world-famous Athabasca Basin in Saskatchewan, Canada.

With a mission to “supply the fuel for a clean energy future,” Standard Uranium is focused on discovering and developing basement-hosted and unconformity-related uranium deposits that can power the growth of nuclear energy. Its dual-track model combines aggressive exploration at its flagship Davidson River project with a robust project generator platform, advancing multiple projects through partnerships while generating non-dilutive cash flow in operator fees, share payments, and royalties.

With 13 projects totaling more than 235,000 acres, Standard Uranium offers investors exposure to both immediate discovery catalysts and long-term portfolio value. Its leadership team brings deep geological expertise and operational experience across the Athabasca Basin, complemented by disciplined capital management.

As global governments reaffirm nuclear energy’s role in achieving net-zero targets, Standard Uranium is positioned to capitalize on the growing demand for secure, high-grade uranium supply from Canada.

Company Highlights

  • Flagship Davidson River Project: Large-scale, high-priority exploration asset in the southwest Athabasca Basin, along trend from NexGen’s Arrow and Paladin Energy’s Triple R uranium deposits, positioned for a significant uranium discovery.
  • Extensive Portfolio in the Athabasca Basin: Over 235,000 acres (95,000+ hectares) across 13 projects in Canada’s premier uranium district, including active joint ventures at Sun Dog, Corvo, and Rocas.
  • Project Generator Model: Leverages strategic partnerships to fund exploration and generate cash flow while retaining upside through 25 percent ownership and a 2.5 percent net smelter return (NSR) royalty on joint-venture projects.
  • Fully Funded for Davidson River Drill Campaign: Financing completed to support 8,000 to 10,000 meters of drilling at Davidson River, planned for spring 2026.
  • Rocas Drill Program: The first-ever drill program to be conducted on Rocas will commence in winter 2026, comprising approximately 1,800 metres.
  • Corvo Drill Program: A skid-assisted diamond drill program totalling approximately 3,000 metres is planned for winter 2026, which will mark the first drill program on the Project in more than 40 years.
  • Riding the Nuclear Power Renaissance: Positioned to benefit from global decarbonization trends and a long-term rise in uranium demand.
  • Proven Team: Led by experienced geologists and exploration professionals with a track record of discoveries in the Athabasca Basin.

Key Projects

Davidson River Project

Located in the southwest Athabasca Basin, approximately 25 kilometres west of NexGen’s Arrow deposit and Paladin Energy’s Triple R deposit, the Davidson River project spans 30,737 hectares across 10 contiguous mineral claims. The property lies along the same structural trends that hosts these globally significant discoveries.

To date, Standard Uranium has drilled 16,561 metres across 39 holes, intersecting wide, graphitic-sulphidic shear zones, structural deformation, and alteration features characteristic of high-grade basement uranium systems. Recent multiphysics and machine learning-assisted surveys conducted in partnership with Fleet Space Technologies and GoldSpot Discoveries have provided new three-dimensional imaging of subsurface structures, identifying refined targets along the Warrior, Bronco and Thunderbird corridors.

The company is preparing for an 8,000 to 10,000-meter diamond drill campaign scheduled for spring 2026, marking its most comprehensive program to date. With modern targeting data and strong geological indicators, Davidson River represents the company’s clearest path to a transformational discovery in the southwest Athabasca Basin.

Sun Dog Project (JV)

Located in the northwestern Athabasca Basin near Uranium City, the Sun Dog project consists of nine mineral claims totaling 19,603 hectares. This highly prospective property sits in a historically productive uranium district that remains underexplored by modern methods.

Surface sampling has identified several uranium-rich showings, including modern grab samples returning grades up to 3.58 percent U₃O₈. The project’s targets are associated with structural intersections and alteration zones consistent with basement-hosted and unconformity-related uranium systems.

Standard Uranium has partnered with Aero Energy, under a three-year earn-in agreement, allowing Aero to acquire up to a 100 percent interest in the project. The partnership structure ensures ongoing advancement at Sun Dog with Standard Uranium retaining a 2.5 percent NSR royalty, providing continued exposure to discovery success without direct funding requirements.

Corvo Project (JV)

The Corvo project in the eastern Athabasca Basin covers 12,265 hectares and represents one of Standard Uranium’s most promising partner-funded assets. The project lies along three major magnetic low and EM conductor trends extending for nearly 29 kilometres of prospective strike length.

The project is currently being advanced under a joint venture with Aventis Energy, which is funding exploration work through a three-year earn-in agreement. Standard retains a 25 percent ownership interest and a 2.5 percent NSR, while acting as operator during the earn-in phase.

Historical drilling and sampling have confirmed uranium mineralization, including the “Manhattan” showing, where modern surface grab samples collected by the company in 2025 returned assays up to 8.10 percent U3O8. These results highlight the property’s potential to host near-surface, high-grade uranium deposits.

Rocas Project (JV)

The Rocas project, located in the southeastern Athabasca Basin region, lies approximately 75 km southwest of the Key Lake mine and mill and covers 4,002 hectares along a 7.5-km northeast-trending magnetic low and EM conductor corridor.

Surface exploration has confirmed uranium mineralization at outcrop, with historical grab samples grading up to 0.5 percent U₃O₈ across nearly 900 metres of strike length. Historical surveys have also identified lakebed geochemical anomalies and structural features that indicate potential zones of hydrothermal alteration, ideal settings for basement-hosted uranium deposits.

In 2025, Standard Uranium executed an option agreement with Collective Metals, granting the partner 75 percent earn-in over three years in exchange for staged cash payments, share issuances, and $4.5 million in exploration spending. Standard retains a 25 percent ownership interest and a 2.5 percent NSR, while acting as operator during the earn-in phase.

Eastern Athabasca Exploration Projects

Beyond its flagship and joint-venture assets, Standard Uranium holds eight additional exploration-stage properties across the eastern Athabasca Basin, including Ascent, Canary, Atlantic, Cable Bay, Ox Lake, Umbra, Brown Lake and Sable. Together, these projects cover over 43,000 hectares of highly prospective ground along established uranium trends near recent discoveries by Denison Mines and IsoEnergy.

These projects represent the company’s pipeline of future partnerships and discovery opportunities, ensuring consistent exploration activity across the Basin.

Management Team

Jon Bey – Chairman, CEO, and Director

Jon Bey is a capital markets executive with over two decades of experience in the junior exploration industry. Bey has explored for uranium, gold, silver, diamonds and oil and gas in the Americas, Europe, Asia and Africa. He has public company experience across several sectors and with companies listed on the TSX, TSXV, CSE and LSE exchanges. Bey is the chairman of Ophir Metals and the founder and managing director of the Steel Rose Group of companies.

Sean Hillacre – President & VP Exploration

Sean Hillacre has over a decade of experience as an economic geologist in the Athabasca Basin uranium district, including five years at NexGen Energy as part of the technical team progressing the Arrow uranium deposit toward production. A high-energy, results oriented geoscientist, Hillacre brings a unique and balanced background integrating academic geoscience with industry experience, along with a comprehensive understanding of project development.

Vivien Chang – Chief Financial Officer

Vivien Chuang is a chartered professional accountant (BC, Canada) with more than 15 years of experience in the resource and mining sector. She was a former CFO of Azincourt Energy, BluEnergies, Muzhu Mining, and Northern Empire Resources, K2 Gold Corporation and Chakana Copper (formerly Remo Resources). Currently, she is VP Finance of Jasper Management and Advisory and president of VC Consulting, which provides CFO and other financial accounting and compliance services to a number of companies.

Neil McCallum – Lead Technical Director

Neil McCallum has over 15 years of experience primarily in North American mineral deposit exploration, with a focus on targeting and discovery of unconformity-related uranium deposits. He is currently a project manager at Edmonton-based Dahrouge Geological Consulting. McCallum has managed and conducted uranium exploration in and around the Athabasca Basin and other jurisdictions for multiple companies.

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