Brightstar Resources (BTR:AU) has announced Exceptional result of 32m @ 7gt Au in Lord Byron drilling
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In the high-stakes world of resource extraction, a nation’s mineral wealth is a powerful magnet for investment, fueling economic growth and national prosperity. But not all countries are created equal.
For investors in the mining sector it’s key to understand that jurisdictional risk can be profoundly impacted by political changes, as new administrations can swiftly alter the regulatory landscape. These policy shifts can present both opportunities and setbacks, introducing a complex layer of uncertainty to even the most promising ventures.
At the same time, regions traditionally seen as stable and secure for resource development can face their own challenges, including rigorous permitting regimes that can slow mine development activity.
Read on for three case studies on jurisdictional risk and how to navigate this type of complexity.
Case study: First Quantum’s Cobre Panama mine
Perhaps the most notable example in recent years of how politics can affect operations is the closure of First Quantum Minerals’ (TSX:FM,OTC Pink:FQVLF) Cobre Panama mine in Panama.
As with many mining operations, Cobre Panama took decades to bring into production. First Quantum received approval to begin work at the site in February 1997; however, it would take 22 years and US$10 billion to build the mine and the required infrastructure before production commenced in September 2019.
When it was placed on care and maintenance in November 2023, the mine was one of the largest in the world, accounting for approximately 1 percent of total copper supply.
The closure came after Panama’s government faced intense public backlash for granting First Quantum a 20 year mining contract; it was quickly declared unconstitutional by the Supreme Court.
The Panamanian government also introduced an indefinite moratorium on all mining concessions. The move put the country’s mining sector in a state of limbo and led other companies to cease activities in Panama. For example, Orla Mining (TSX:OLA,NYSEAMERICAN:ORLA) decided to halt funding of its Cerro Quema project until it had “greater certainty with respect to the mining concessions, as well as fiscal and legal stability in Panama.”
Cobre Panama’s closure and the subsequent moratorium led Fitch to downgrade its investment outlook for Panama in March 2024, from BBB- to BB+. The credit agency cited fiscal governance challenges that arose following the mine’s closure, noting that Cobre Panama accounted for 5 percent of the nation’s GDP.
Although the International Monetary Fund expects Panama’s GDP to rebound to 4.5 percent in 2025 as non-mining sectors of the nation’s economy grow, the changes have already had a significant impact on the national economy, with GDP growth slowing to 2.9 percent in 2024, from 7.4 percent in 2023.
Case study: Barrick Mining’s Loulo-Gounkoto complex
Another recent example is the impact of unrest on Barrick Mining’s (TSX:ABX,NYSE:B) operations in Mali.
The African nation has experienced a prolonged period of instability, with the government being overthrown in three coup d’états within a 10 year span, in 2012, 2020 and 2021.
The most recent two came following months of turmoil after election irregularities and accusations of corruption in 2020, then calls for a more legitimate government to be installed in 2021.
Ultimately, the government was replaced by a military junta, and in 2022, it was announced that elections would be held in 2024. However, these were delayed until early 2025, at which time they were again postponed.
This past July, Malian military authorities granted current leadership a five year mandate, renewable as many times as necessary without requiring an election, which guarantees control of the government until 2030.
The impact on the mining sector has been notable. In 2022, the new government ordered an audit of the mining sector, which led to Mali adopting a new mining code in 2023 after limited industry consultation.
The code aims to generate more revenue for the government from mining operations by increasing government ownership to 35 percent from 20 percent and removing tax-exempt status for some operations.
Existing mining contracts were also reviewed, which limited the ability to renegotiate, leading to a protracted negotiation process between the Malian government and Barrick over its Loulo-Gounkoto complex.
While Barrick has said its commitment to Mali remains firm, going so far as to make a good-faith payment of US$83 million, the two parties were unable to reach an agreement. The stalled negotiations led the government to arrest or issue arrest warrants for key personnel over unpaid taxes and contract disputes, including Barrick CEO Mark Bristow.
With no resolution, Barrick was ultimately forced to shut down the mine in January of this year. Although arbitration proceedings continue, the operation was placed under provisional administration on June 16, and government helicopters were seen onsite removing more than 1 metric ton of gold on July 10.
According to the Extractive Industry Transparency Initiative, the mining sector makes a significant contribution to the nation’s economy, representing 79 percent of exports and 9.2 percent of GDP. Although other companies haven’t ceased operations in the country, the government’s action has created tensions for investors, with CEOs suggesting that the new rules make it economically unfeasible for new mines or takeovers in the country.
The Fraser Institute gave Mali a policy perception score of 14.94 in its 2024 Annual Survey of Mining Companies, a significant decrease from 2023, when it achieved 33.34, and a precipitous decline from 2020’s score of 78.18. In the overall ranking, Mali fell to 74 out of 82 countries included in the survey, down from 37 out of 77 in 2020.
The institute notes that companies say policy accounts for about 40 percent of their decision when choosing where to establish operations. The other 60 percent is based on the mineral potential. In this regard, Mali improved to 55.26 from 41.18 in 2023; however, it remains in the bottom half of all jurisdictions, ranking 40 out of 58.
The institute uses these scores to determine the overall investment attractiveness of jurisdictions. In 2024, Mali scored 39.13 and ranked 72 out of 82. Respondents to the survey suggested that the rejection of gold mining permits and the lack of transparency created uncertainty and deterred investment.
Even when investment is in the national interest, underlying issues can be hard to overcome.
Case study: The DRC
The Democratic Republic of the Congo (DRC) is endowed with a vast wealth of minerals, ranging from copper to cobalt and diamonds, but a lack of infrastructure and geopolitical instability have hindered investment.
However, the mining sector has seen steady growth in recent years as the government looks to attract investment. One project is the construction of the Lobito Corridor, Africa’s first open-access transcontinental rail link. It connects Zambia and the DRC with the port of Lobito in Angola, providing improved shipping opportunities for producers.
Among the operations that have signed on to use the rail link is Ivanhoe Mines’ (TSX:IVN,OTCQX:IVPAF) Kamoa-Kakula mine. The asset is one of the world’s largest copper mines, producing 964 million pounds in 2024.
In February 2024, the company signed a term sheet to access the corridor, allowing it to transport between 120,000 and 240,000 metric tons of copper concentrates per year for a five year term, commencing in 2025.
In a press release, Robert Friedland, Ivanhoe’s founder and executive co-chair, said the corridor is “fast becoming one of the most important trade routes for vital copper metal in the world.”
He added that the rail link will unlock projects due to the lower logistical costs.
While development in the DRC is moving in the right direction, it’s not without its problems. Tensions remain with neighboring Rwanda, as Rwanda has backed anti-government M23 rebels. The groups have been warring since 2022, with much of the violence occurring in the Eastern DRC, a mineral-rich area of the country.
In April 2024, M23 seized the town of Rubaya, the center of coltan production in the DRC; coltan is a critical mineral for the tech sector. While Ivanhoe’s mine has avoided the violent uprisings elsewhere in the country, it still highlights key security challenges for operations in the country and underscores the fragility of stability.
Like Mali, the DRC declined in the Fraser Institute’s survey last year.
It dropped to 12.97 on policy, down from 24.93 in 2023, ranking 77 out of 82. However, its mineral potential ranked much higher, scoring 73.53 — that’s up from 55 in 2023 and a rank of 14 out of 58.
On overall investment attractiveness, the DRC was middling, scoring 49.31 and ranking 58 out of 82. The report points to issues such as disputes over land tenure ownership, which have led to uncertainty and deterred investment.
Is there any truly safe mining jurisdiction?
The mining community has looked mainly to North America, Europe and Australia to minimize jurisdictional risk.
Canada, the US and Australia are widely considered safe places to invest in due to the stability of their governments and the absence of cross-border conflicts. Despite changes in government, political parties in these nations tend to support extractive industries through tax credits and investment programs.
As a whole, challenges in these jurisdictions tend to be more regulatory than geopolitical in nature, with strict environmental and social regulations adding years to development timelines.
Recently, however, there have been some moves to break down these barries.
The US and Canada have both made promises to streamline the permitting process to decrease timelines for critical minerals. Additionally, under the Biden administration, the US Department of Defense, increased funding for projects deemed critical to national interests, including those involving Canadian companies Fortune Minerals (TSX:FT,OTCQB:FTMDF) and Lomiko Metals (TSXV:LMR,OTC Pink:LMRMF).
The program has continued under US President Donald Trump, with the most recent award being announced on July 22, for US$6.2 million in funding for Guardian Metal Resources (LSE:GMET,OTCQX:GMTLF).
Although challenges in these regions still exist, in general they remain stable. For investors, it can help to de-risk portfolios and avoid the geopolitical tensions and uncertainty that arise elsewhere.
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
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Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to provide an update on the Phase I drilling program at its La Union Gold and Silver project in northwest Sonora, Mexico. Drill holes have now been completed at two of the 4 target areas:
- The initial hole was completed beneath the historic Union Mine itself, intersecting the favourable carbonaceous Clemente and Caborca formations, including the microconglomeratic carbonate unit which hosted mineralization at the bottom of the past producing Union Mine.
- Drilling then shifted focus to the El Cobre Mine area and the Union Norte Mine area, testing vertical feeder zones above the Clemente formation dolomites and carbonaceous sandstones. Hole two intersected more quartzites than interpreted from the geophysics, with the quartzites carrying more extensive hematitic oxides, possibly indicative of oxide gold mineralization potentially related to sulfides which have been oxidized through supergene weathering.
Saf Dhillon, President and Chief Executive Officer, states: ‘The drilling is indicating oxidation is consistent with past mining and targets are coming along with a positive exploration drilling so far. The drilling is intersecting more quartzite than expected which is favorable for fracture-controlled mineralization. The Riverside operations team is progressing the current exploration program working with the surface rancher and the drilling company to efficiently progress a high-quality exploration program.’
Drilling has now moved to the Famosa Target to progress exploration program. The Mexico Mining Ministry has approved many permits and are actively supporting the environmentally, socially conscious mineral exploration practices as a key aspect for the new Mexican government initiatives.
The technical content of this news release has been reviewed and approved by R. Tim Henneberry’, P.Geo (BC) a Director of the Company and a Qualified Person under National Instrument 43-101.
About Questcorp Mining Inc.
Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island, B.C., subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.
ON BEHALF OF THE BOARD OF DIRECTORS,
Saf Dhillon
President & CEO
Questcorp Mining Inc.
saf@questcorpmining.ca
Tel. (604-484-3031)
Suite 550, 800 West Pender Street
Vancouver, British Columbia
V6C 2V6.
Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding completion of survey work at the North Island Copper project. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265741
News Provided by Newsfile via QuoteMedia
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Sen. Josh Hawley, R-Mo., called to ‘open the courtroom doors’ so parents can sue Meta, accusing founder and CEO Mark Zuckerberg of misleading Congress after whistleblowers detailed child safety failures on the company’s virtual reality (VR) platforms.
Two former Meta researchers told a Senate panel Tuesday that the company buried child harm evidence in VR, killed age-verification studies and let AI chatbots flirt with kids, prompting a bipartisan push to pass measures protecting minors online.
‘The claims at the heart of this hearing are nonsense; they’re based on selectively leaked internal documents that were picked specifically to craft a false narrative,’ a Meta spokesperson said.
‘The truth is there was never any blanket prohibition on conducting research with young people and, since the start of 2022, Meta approved nearly 180 Reality Labs-related studies on issues including youth safety and well-being.’
Testifying before the Senate were Cayce Savage and Jason Sattizahn, both former Meta researchers.
Sattizahn alleged Meta routinely prioritized engagement and profit over safety — especially for kids — and manipulated or erased research showing harm.
He said despite attempts to curb data collection, the studies researchers could run still showed the company’s products endangered users.
Germany once banned Meta’s VR sales over data treatment concerns; after sales resumed in 2022, Sattizahn was sent to conduct research there.
He said he understood Meta was trying to show its VR headsets were safe for Germans.
But when research uncovered that underage children using Meta VR in Germany were subjected to demands for sex acts, nude photos and other acts children should never be exposed to, Sattizahn alleged Meta demanded all evidence be erased.
‘My research still revealed emotional and psychological damage, particularly to women who were sexually solicited, molested or worse,’ he testified. ‘In response, Meta demanded I change my research in the future to not gather this data on emotional and psychological harm.’
Savage testified she led youth safety research in VR and likewise said Meta prioritized engagement over child safety.
She said the company employed suppression tactics, including editing reports, demanding deletions and threatening jobs.
Hawley asked Savage why it was important for Meta to have children under 13 using VR. She told him kids drive household adoption of gaming devices, which means more money for Meta.
‘So, this is about profits at the end of the day,’ Hawley told Savage while seeking clarification on whether Meta will do anything for a profit, including exposing children to vile sexual abuse.
‘When I was doing research to identify the harms that children were facing in VR, which I had to be sneaky about because legal wouldn’t actually let me do it, I identified that Roblox, the app on in VR, was being used by coordinated pedophile rings,’ Savage said. ‘They set up strip clubs, and they paid children to strip.’
She added that Robux could be converted into real money.
Savage said she flagged the issue to Meta, saying under no circumstances should Meta host the Roblox app on the headset.
‘You can now download it in their app store,’ she said.
Later, under questioning, Savage told the panel she estimates any child in a social VR space will come in contact with, or be directly exposed to, something inappropriate.
‘She said every single child who goes into the platform will 100% be exposed to child sex abuse material. Every single one,’ Hawley told Fox News Digital Tuesday evening. ‘I just come back to the fact that we have got to protect our children.
‘It can’t be that if you go online as a kid, you are 100% likely to be sexually abused, and that’s what the witnesses said today. If you are online, if you’re on their virtual reality program platform rather, you are going to get sexually abused. That was their testimony.’
Hawley called out Zuckerberg for testifying on Jan. 31, 2024, that Meta does not allow people under the age of 13 on the service.
During his testimony last year, the CEO said anyone under the age of 13 will be removed from the service, and, in response to another question, Zuckerberg said Meta does not want users under the age of 13.
Hawley said Zuckerberg misled Americans with that testimony, pointing to whistleblowers who said under-13 users are rampant on the platform.
‘I don’t see how you can square what he told us under oath last year with what these whistleblowers said today,’ Hawley told Fox News Digital. ‘But that’s true of a lot of his statements. I mean, he said over and over, whether it’s the safety protocols Facebook has put into place, that’s not true.
‘Whether it’s regarding their work in China, he said, ‘Oh, we don’t do work in China.’ That is not true. He said, ‘We don’t have any contacts with the Chinese government.’ That’s not true. So, I mean, we’re really piling up a long list here.’
Hawley said he has called for Zuckerberg to testify again under oath, though he’s heard Meta isn’t interested.
Ultimately, Hawley said, it was time to ‘open the courtroom doors’ so victims and families can sue Meta for failing to protect children.
‘It is abundantly clear to me that it is time to allow parents and victims to sue this company,’ he said. ‘They have got to be able to get into court and to get in front of a jury and hold this company accountable, and that begins with Mark Zuckerberg. There has to be accountability. We have to open the courtroom doors and allow victims to have their day in court.’
Earlier this year, Hawley said he advanced legislation through the Judiciary Committee that would allow victims of child sex abuse online to sue Facebook or any Big Tech company where harm happens.
‘I don’t think we’re going to see real change at these companies until this becomes law and parents and victims can get into court and hold these people accountable,’ he said. ‘The bottom line is we’ve got to protect our kids. I mean, they’re making money by stealing the innocence of our children.’
Meta told Fox News Digital the company is training its artificial intelligence bots to not respond to teenagers on self-harm, suicide, disorder eating and potentially inappropriate romantic conversations, regardless of content. The company is also working to limit teen access to a select group of AI characters, ‘for now.’
Sen. Marsha Blackburn, R-Tenn., closed the meeting by inviting anyone from Meta to testify or challenge what was said.
‘I think that they see there is truly bipartisan anger, not only with Meta, but with these other social media platforms and virtual reality platforms and chatbots that are intentionally, knowingly harming our children,’ she said. ‘This has got to stop. Enough is enough.’
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It really shouldn’t be that big a deal.
Donald Trump was one of many friends solicited to send messages to Jeffrey Epstein for his 50th birthday. There’s a far more cautious one from Bill Clinton, too.
If the president had merely said ‘yeah, I sent it, we were joking back and forth, nothing to see here’ – this was in 2003, before the child predator was charged with sexual abuse – nobody would have blinked. The birthday book was assembled by his then-girlfriend Ghislaine Maxwell.
Instead, he filed a $10 billion lawsuit against the Wall Street Journal for supposedly publishing inaccuracies in its report on the Trump birthday message.
The Journal has now been vindicated.
Trump flatly denied having sent a birthday message at all. He can’t draw, he would never do such a thing, it was inconceivable.
Now it looks a lot more conceivable.
As the Journal was the first to report, there is a friendly back-and-forth against the backdrop of a sketch of a naked woman’s silhouette. Trump’s signature is in the pubic area, and the paper says it matches other acknowledged ‘Donald’ signatures – along with his use of such phrases as ‘a wonderful thing.’
There is this exchange:
Donald: We have certain things in common, Jeffrey.
Jeffrey: Yes we do, come to think of it.
Donald: Enigmas never age, have you noticed that?
Jeffrey: As a matter of fact, it was clear to me the last time I saw you.
Donald: A pal is a wonderful thing. Happy Birthday – and may every day be another wonderful secret.
That’s it, given more punch by Trump’s denial that he never sent such a thing.
In fact, after the publication of the texts and the naked silhouette – which I’m sure you’ve seen as it’s been all over television – Trump continues to deny that the letter and sketch are his.
They’re sure doing a good job of moving on from the Epstein mess, huh?
Reached on his cell yesterday by NBC reporter Garrett Haake, Trump said: ‘I don’t comment on something that’s a dead issue. I gave all comments to the staff. It’s a dead issue.’
That sounds like wishful thinking. The only ‘dead’ part is Jeffrey Epstein.
Press Secretary Karoline Leavitt backed up the boss in a posting:
‘The latest piece published by the Wall Street Journal PROVES this entire ‘Birthday Card’ story is false. As I have said all along, it’s very clear President Trump did not draw this picture, and he did not sign it. President Trump’s legal team will continue to aggressively pursue litigation.
‘Furthermore, the ‘reporter’ @joe_palazzolo who wrote this hatchet job reached out for comment at the EXACT same minute he published his story giving us no time to respond. This is FAKE NEWS to perpetuate the Democrat Epstein Hoax!’ But it’s hardly a hoax to Epstein’s victims, who spoke out the other day – one voted for Trump – about how being lured into having sex while young as 14 ruined their lives.
The New York Times has a sobering report on other birthday messages to Epstein.
Venture capitalist William Elkus recalled Epstein conjuring a beautiful woman out of thin air during a visit to a farm town in Iowa, where it was hard to ‘tell the difference between the girls and the hogs.’ Elkus marveled at Epstein’s being able to find a ‘spectacular tall blonde’ whom he later invited back with him to New York, concluding he had relied on ‘some long distance escort service.’
Elkus told the Times that it was a joke and that he was referring to Epstein’s ‘charisma, which was palpable.’
A person named Leslie wrote, ‘I wanted to get you what you want,’ so ‘here it is’ – a drawing of breasts. Another writer sent photos of zebras, and lions, getting it on.
A person named Nick described a night in London that left Epstein ‘howling with laughter.’ Nick said an ‘old man smiling sweetly’ pulled down a woman’s panties and put his hand on her privates, only to find another man’s hand already there.
Some women, including assistants and girlfriends – the names are redacted – may have been Epstein’s victims.
One woman wrote: ‘With you, dear Jeffrey, I laugh like a little girl and feel like a woman.’ There’s a hand-drawn heart, a brief message and a photo of a woman’s butt in a thong bikini.
There’s a cartoon of Epstein in a beach chair getting ‘what appears to be a nude massage from four topless women.’ Appears? That’s exactly what it is.
There were messages from Nathan Myhrvold, former chief technology officer for Microsoft; retail billionaire Leslie Wexner; billionaire investor Leon Black; Epstein’s onetime attorney Alan Dershowitz; and Jean-Luc Brunel, a French modeling scout who died in 2022 by suicide in a French jail cell after being charged with raping teenage girls.
The Washington Post has more, saying ‘attention to Trump’s relationship with Epstein is not going away anytime soon, and the political headaches for the president are likely to linger.’
In a partially redacted photo, Epstein is holding an oversized check made out to him for $22,500 with DJTRUMP on the signature line. The handwritten caption: ‘Sells ‘fully depreciated’ [redacted] to Donald Trump for $22,500.’
Trump allies have decided to make their stand on the signature question, adding to the murkiness.
‘Is this really the best they could do?’ wrote MAGA influencer Benny Johnson. ‘Trump has the most famous signature in the world. Time to sue them into the oblivion.’
In a drawing, labeled ‘1983,’ a male figure is pictured handing balloons to young girls in pigtails. That was next to ‘2003,’ where he’s drawn getting massages from topless blonde women with the caption ‘what a great country!’
Look, there’s no other way to say it: This has the whiff of a cover-up.
I mean, are people buying the president’s insistence that he never sent the birthday message that they’ve seen with their own eyes?
Trump boxed himself by insisting, even now, that he’d never sent such a message. That’s the heart of the political problem.
The president may pronounce the story dead, but for the rest of the world – including MAGA supporters who have been obsessed with this case – it’s very much alive.
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Business tycoon Elon Musk agreed with Vice President JD Vance’s assertion that the bulk of violent crime is perpetrated by a small pool of people who should be locked up.
‘The big lie the Democrats told about violent crime is that it’s ‘systemic’ and therefore no one’s really responsible. If the ‘system’ is to blame then you fund a bunch of nonprofits that don’t do anything besides give jobs to underqualified radicals,’ Vance noted in a post on X. ‘The reality is that the gross majority of violent crime is committed by a very small group of people and we should be throwing them in prison.’
Musk agreed, saying that people who have greater sympathy for those likely to perpetrate murder than for those at risk of becoming murder victims are ‘disgusting.’
‘Yes,’ he commented when sharing Vance’s post. ‘What it comes down to is this: Do you have more sympathy for those highly likely to commit murder or more for those at risk of being murdered? If the former, you are a disgusting human being and yet so many on the radical left choose this!’
Republican Rep. Beth Van Duyne of Texas also shared Vance’s post.
‘The crime and homeless industrial complexes Democrats have set up with NGOs and nonprofits’ aren’t designed to solve problems,’ the congresswoman asserted. ‘Rather, they are fraudulent entities which exist to launder taxpayer dollars to enrich themselves, their friends, and further radical, pro-criminal policies that only endanger hard working Americans.’
Musk has also advocated for locking up repeat violent criminals for life.
‘A second conviction for aggravated violent crime should get life imprisonment,’ he wrote on X.
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House Republicans are having early talks about cracking down on crime nationwide, the No. 2 GOP lawmaker suggested on Tuesday.
‘There are discussions about addressing some of these problems at a more federal level, but right now, we’re focused on D.C.,’ House Majority Leader Steve Scalise, R-La., told Fox News Digital.
‘The president’s been very effectively reducing crime in D.C., and he’s got some limitations right now with a lot of these ordinances, and that’s what we’re focused on cleaning up.’
He added, however, ‘But we’re not done.’
It comes after President Donald Trump federalized the Washington, D.C., police force and deployed federal troops to the capital city in a bid to end violent crime. He’s now eyeing National Guard deployments in other cities across the country, though the idea has been met with criticism by Democrats.
The House Oversight Committee is slated to advance several bills dealing with D.C. criminal sentencing this week, which will likely get full House votes in the coming months.
Scalise’s comments suggest that while lawmakers are currently focused on overhauling Washington, D.C.’s criminal policies, it’s possible they could turn to the rest of the country at some point as well.
Trump similarly signaled last month that he wanted to see a bill dealing with crime across the U.S.
‘Speaker Mike Johnson, and Leader John Thune, are working with me, and other Republicans, on a Comprehensive Crime Bill. It’s what our Country needs,’ he wrote on Truth Social.
House GOP leaders also railed against crime in Democrat-run cities and states during their weekly press briefing on Tuesday – specifically their leaders’ opposition to National Guard deployments.
Such moves by the federal government could risk court battles with Democrat-run states and cities, as was the case when Trump sent the National Guard into Los Angeles earlier this year over the objections of California Gov. Gavin Newsom.
‘I mean, these mayors in these big blue cities have to ask this question – and I think their voters and the residents and the law-abiding citizens in all these cities should be asking local leadership, ‘How long are you going to put up with this? When are you going to put your foot down and do the right thing?’’ Speaker Mike Johnson, R-La., posed.
‘This is common sense. And I cannot, for the life of me, understand how the Democrats think this is some sort of winning political message. Yield, man. Let the troops come into your city, and show how crime can be reduced.’
Scalise, meanwhile, said at the press conference that Democrats ‘want crime to continue.’
‘They want to continue defunding the police and try to have it both ways. And President Trump is tired of that game, because he’s tired of watching people be hurt. There’s no reason for this violent crime wave that we see in so many cities,’ Scalise said.
‘So we’re going to continue to have the president’s back and, frankly, have the American people’s back, regardless of their party, regardless of what city they live in. Everybody deserves to be safe, and Republicans are going to continue to push policies to help put that in place.’
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Former Vice President Kamala Harris admits that former President Joe Biden got ‘tired’ while in office, but she insists there was no ‘big conspiracy’ to cover up his decline.
Harris made the claims in a newly released excerpt from her upcoming book, ‘107 Days,’ which details her experience running for president with frequent throwbacks to her time as number two in the White House. The excerpt, published by The Atlantic, focuses on her relationship with Biden and her frustration with how she was treated in the Biden-Harris administration.
‘Many people want to spin up a narrative of some big conspiracy at the White House to hide Joe Biden’s infirmity. Here is the truth as I lived it. Joe Biden was a smart guy with long experience and deep conviction, able to discharge the duties of president,’ Harris wrote. ‘On his worst day, he was more deeply knowledgeable, more capable of exercising judgment, and far more compassionate than Donald Trump on his best. But at 81, Joe got tired.’
‘That’s when his age showed in physical and verbal stumbles. I don’t think it’s any surprise that the debate debacle happened right after two back-to-back trips to Europe and a flight to the West Coast for a Hollywood fundraiser. I don’t believe it was incapacity. If I believed that, I would have said so. As loyal as I am to President Biden, I am more loyal to my country,’ she added.
Harris went on to complain that Biden’s staff didn’t give her the support she felt was necessary as vice president, on issues from foreign policy to illegal immigration.
She complained that getting the White House press office, including then-press secretary Karine Jean-Pierre, to defend her was ‘almost impossible.’
‘Worse, I often learned that the president’s staff was adding fuel to negative narratives that sprang up around me. One narrative that took a stubborn hold was that I had a ‘chaotic’ office and unusually high staff turnover during my first year,’ Harris wrote, going on to say that some people just can’t hack it in a White House role.
‘Their thinking was zero-sum: If she’s shining, he’s dimmed. None of them grasped that if I did well, he did well,’ she added regarding Biden’s staff. ‘That given the concerns about his age, my visible success as his vice president was vital. It would serve as a testament to his judgment in choosing me and reassurance that if something happened, the country was in good hands. My success was important for him.
The former vice president also said Democrats across the board should have been more aggressive in pushing Biden not to run, saying it was ‘reckless’ to leave the decision in his hands for so long.
”It’s Joe and Jill’s decision.’ We all said that, like a mantra, as if we’d all been hypnotized. Was it grace, or was it recklessness? In retrospect, I think it was recklessness. The stakes were simply too high. This wasn’t a choice that should have been left to an individual’s ego, an individual’s ambition. It should have been more than a personal decision,’ Harris wrote.
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Sranan Gold Corp. (CSE: SRAN) (FSE: P84) (Tradegate: P84) (‘Sranan’ or the ‘Company’) announces further high-grade channel samples from its ongoing trenching program at the Tapanahony Project in Suriname. The sampling is being conducted concurrently with diamond core drilling at the Randy trend on the project. An interval of 5 metres that averaged 8.9 gramstonne (gt)* gold was mapped and sampled (see Table 1). The trench is west of the previously announced trench 25RACH-001 (see news release dated August 7, 2025). Trenching is being used to extend mineralization at Randy’s Pit as well as the area of historical drilling by Iamgold. This trench is the western extension of previously sampled zones 150 metres south of Randy’s Pit (see Figure 1).
Mineralization is hosted within northeast striking sheared felsic intrusive lithologies within a siltstone-basalt sequence encountered at Randy’s Pit. This northeast-oriented mineralized interval is parallel to similar shears in trench 25RACH-002, where a grab sample of 57 g/t was taken. Trenches are being excavated south of Randy’s Pit to extend the Randy’s Pit mineralized corridor for future drilling. The observation of northeast shearing is further evidence of the complexity of the mineralized system, which is positive for gold mineralization.
Table 1: Mineralized zone in trench 25RACH-005.
| Sample ID | Easting | Northing | FROM (m) | TO (m) | INTERVAL (m) | FA Au (g/t) |
| 1862939 | 766430.2 | 455047.0 | 57 | 58 | 1 | 0.03 |
| 1862941 | 766428.7 | 455047.6 | 59 | 61 | 1 | 0.09 |
| 1862942 | 766428.0 | 455049.1 | 61 | 63 | 2 | 18.78 |
| 1862943 | 766428.0 | 455049.0 | 62 | 63 | 1 | 3.61 |
| 1862944 | 766428.0 | 455049.1 | 63 | 64 | 1 | 1.93 |
| 1862945 | 766426.6 | 455052.9 | 64 | 65 | 1 | 1.56 |
| 1862946 | 766428.6 | 455052.9 | 65 | 66 | 1 | 0.45 |
| 1862947 | 766425.0 | 455055.3 | 67 | 69 | 2 | 0.12 |
| 1862948 | 766415.0 | 455054.5 | 69 | 71 | 2 | 0.09 |
*Cutoff of 1 g/t
Dr. Dennis LaPoint, EVP of Exploration and Corporate Development, commented: ‘Trenching is the ideal tool to continue to extend the near surface expression of gold mineralized on the Randy trend. Trenches are selected based on topography and geology to best sample saprolite (weathered bedrock). For this trench, we are resampling the mineralized interval and adjoining channel samples to verify results and understand assay variability.’
Figure 1: Recent drone image looking down eastward showing ongoing trenching on the Randy trend.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10997/265575_43753fbbb44e38cf_001full.jpg
Samples were prepared and assayed by Filab in Paramaribo, Suriname. All samples >2 g/t were re-assayed with 50-gram re-assay and gravimetric assay. Standard QA/QC procedures were followed which showed a satisfactory level of reproducibility. Reject samples will be sent to an independent lab for confirmation of assay results following standard procedures. Channel sampling, trenching and drilling are used to determine average grade and thickness. The Company notes that the channel samples may not represent true thickness of mineralization.
About Sranan Gold
Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The highly prospective Tapanahony Project is located in the heart of Suriname’s modern-day gold rush. Tapanahony covers 29,000 hectares in one of the oldest and largest small-scale mining areas of Suriname.
Sranan Gold also owns the Aida Property consisting of five mineral claims within the Kamloops Mining Division in British Columbia, Canada.
For more information, visit sranangold.com.
Qualified Person
Dr. Dennis J. LaPoint, Ph.D., P.Geo. a ‘qualified person’ as defined under National Instrument 43‐101, has reviewed and approved the scientific and technical information in this release. Dr. LaPoint is not independent of Sranan Gold, as he is the Company’s EVP of Exploration and Corporate Development.
Information contact
Oscar Louzada, CEO
+31 6 25438975
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.
Forward-looking statements
Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the company’s current expectations regarding future events, performance and results and speak only as of the date of this release. Further details about the risks applicable to the Company are contained in the Company’s public filings available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.
Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265575
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–Well-Positioned for the Critical Minerals Supercycle–
Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce that it has received initiation of equity analyst coverage by Alphabridge Group Inc. (‘Alphabridge’), a leading independent corporate finance advisory and research firm specializing in small and mid-cap companies with an outperform rating.
Alphabridge, based in Vancouver, Canada, is a corporate finance advisory firm that partners with growth companies to deliver strategic financial leadership across mergers & acquisitions (M&A), capital raising, valuation, and CFO services. In addition to its advisory practice, Alphabridge operates a dedicated equity research arm that focuses on providing independent coverage for companies operating at pivotal stages of development with significant growth potential. Alphabridge’s research is distributed through major institutional platforms, including S&P Capital IQ, FactSet, AlphaSense, and Thomson Eikon, as well as its newsletter with over 2,000 subscribers. Their coverage of Saga Metals is expected to highlight the Company’s strategic focus on its flagship Radar Ti-V-Fe Project in Labrador, Canada, and its emerging portfolio of critical mineral assets.
Their initiation report on Saga Metals, dated September 8, 2025, titled ‘Saga Metals Corp. (TSX.V: SAGA) – Initiating Coverage – Well-Positioned for the Critical Minerals Supercycle,’ underscores the Company’s potential to deliver value through its titanium-vanadium project.
The research report is available to view or to download from the firm’s websites: https://alphabridge.co/download-saga-metals-equity-research-report/ or upon written request sent to Alphabridge.
Alphabridge Group Inc.
Analyst: Vasant Jain, CFA
Email: vasant@alphabridge.co
Website: www.alphabridge.co
In addition, the research report will be disseminated through various third-party websites and major institutional platforms as outlined above.
Investors are encouraged to review the reports for detailed insights into Saga Metals’ projects and growth strategy. Alphabridge’s Initiation Research Report includes a third-party independent review of Saga Metals, an Enterprise Valuation Analysis and a Share Price Target completed by Alphabridge’s analyst, Vasant Jain, CFA.
The opinions expressed in the Research Report referenced above are the true opinions of the analyst about Saga Metals and its industry. Any ‘forward-looking statements’ are Alphabridge’s best estimates and opinions based upon information that is publicly available and that analysts believe to be correct but have not independently verified with respect to truth or correctness. There is no guarantee that the analyst’s forecasts will materialize. Actual results will likely vary. The analyst and Alphabridge do not own any shares of Saga Metals, do not make a market or offer shares for sale of Saga Metals, and do not have any investment banking business with Saga Metals. Although the Company has paid a fee to Alphabridge to subsidize the high costs of research and monitoring (just as fees are paid to bond-rating agencies and auditors for their opinions), the Company is not responsible for the content, accuracy or timelines contained in an analyst’s report, and the fee was not dependent on the opinion provided. In addition, readers should be aware, and are cautioned, that opinions, estimates, or forecasts contained in research analyst reports are not subject to the requirements of Canadian National Instrument 43-101 ‘Standards of Disclosure for Mineral Projects’ (‘NI 43-101’) and have not received any endorsement or approval by Saga Metals. As such, Saga Metals does not imply or in any way represent that any of the reports, opinions, estimates, or forecasts regarding Saga Metals made by research analysts comply with NI 43-101 or represent the opinions or beliefs of Saga Metals or its management or representatives. In addition to information filed by Saga Metals as found on SEDAR+ (www.sedarplus.ca), readers should only refer to the technical report(s) of Saga Metals relating to its projects for information about the projects prepared in accordance with NI 43-101. Alphabridge takes steps to ensure independence, including setting fees in advance and utilizing analysts who must abide by the CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, Alphabridge analysts may not trade in any security under coverage. Alphabridge’s full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, Saga Metals has agreed to a minimum coverage term including an initial report and three updates. Coverage cannot be unilaterally terminated.
About the Radar Ti-V-Fe Project in Labrador, Canada
The Radar Project, located 10 km from Cartwright in southeastern Labrador, covers 24,175 hectares and encompasses the Dykes River intrusive complex, a Mesoproterozoic layered mafic intrusion similar to globally significant AMCG suites. It resembles high-grade vanadiferous titanomagnetite (VTM) systems like China’s Panzhihua and Norway’s Tellnes deposits 1 , 2 . The project features a large oxide layering thickness spanning an inferred 20 km strike length, near-monomineralic VTM composition, and extensive tenures, positioning it as a potentially globally significant VTM source.
Figure 1: Radar Property map, depicting magnetic anomalies, oxide layering and the site of the 2025 drill program in the Hawkeye zone. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is overlaid by ground-based geophysics as shown. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.
The Company has completed a successful year of exploration activities, including geophysical surveys, a maiden drill campaign, geological mapping, petrographic analysis, and strategic infrastructure upgrades, which have significantly advanced the understanding of the property’s potential. The culmination of these activities has revealed that the oxide-rich layering is expressed as a magnetic high anomaly across a strike length of more than 20 km, forming the core of exploration within the Hawkeye and Trapper zones.
Figure 2: Radar Project’s prospective oxide layering zone extends for an inferred 20 km strike length, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs .
SAGA’s 2025 Winter Drill Program at Radar:
Saga Metals completed a maiden 2,209-meter, seven-hole diamond drill campaign in the Hawkeye Zone, guided by 3D magnetic inversion and VLF-EM results. Drilling intersected broad zones of titanomagnetite-rich oxide layering with consistent grades of TiO2, V2O5, and Fe. The program identified a 300-400 m thick Lower Cumulate Layer within a 600 m tested thickness of layered gabbronorite, featuring interlayered gabbronorite and semi-massive to massive VTM bands. Highest V2O5 grades were in the lower 100-200 m, with length-weighted VTM averages of 20-35%, comparable to economic ranges in similar intrusions. Petrographic analysis confirmed preserved magmatic textures, supporting a robust interpretation of their geochemistry. These findings have significant implications for potential metallurgical simplicity and recovery efficiency.
From our assay results, we know the titanomagnetite mineralization is accompanied by vanadium. Ilmenite is almost entirely present as inclusions in magnetite. Similar to the Panzhihua deposit in China, VTM is expected to be recovered as a V-Ti-Fe concentrate. Panzhihua is the world’s largest single-site producer of Fe–Ti–V magnetite ore, resulting in a significant production volume of 40–50% of global vanadium supply, making it #1 globally 2 . The vertical integration of its production is primarily focused on the igneous layers of VTM.
In the case of Saga’s Radar project, the content of VTM is estimated from core observations and the modeling of the Hawkeye Zone 2025 drilling assay data. Pending are metallurgical tests to confirm the recoverable VTM and grades of concentrate.
Hawkeye Zone – Significant Drill Intersections
| Drill Hole | Interval Length (m) |
Average VTM (%) |
Maximum VTM (%) |
| R25-HEZ-01 | 263.5 | 25.90% | 35.16% |
| R25-HEZ-07 | 311.7 | 22.95% | 41.63% |
| R25-HEZ-04 | 208.5 | 29.59% | 35.20% |
| R25-HEZ-05 | 187.3 | 26.76% | 26.76% |
Maximum VTM is based on about a minimum 10 m interval
All intervals are within the Lower Cumulate Layer
Table 1: Lower Cumulate Layer highlighting the length of VTM intersections.
| SUMMARY OF DRILLING RESULTS – 2024-25 WINTER PROGRAM – LENGTH WEIGHTED AVERAGES | |||||||||
| Hole_ID | From | To | Length_m | Fe (%) | Fe3O4 (%) |
TiO2 (%) |
V2O5 (%) |
Estimated VTM (%) |
VTM Habit |
| R25-HEZ-01 | 4.5 | 268.0 | 263.5 | 17.53 | 24.20 | 3.66 | 0.17 | 25.90 | Evenly distributed mineralization |
| R25-HEZ-01 | 151.1 | 198.5 | 47.4 | 23.27 | 32.13 | 4.83 | 0.25 | 35.08 | Included Semi-Massive to Massive |
| R25-HEZ-01 | 206.0 | 218.7 | 12.7 | 23.38 | 32.29 | 4.74 | 0.26 | 35.16 | Included Semi-Massive to Massive |
| R25-HEZ-01 | 236.5 | 246.0 | 9.5 | 23.35 | 32.24 | 4.65 | 0.28 | 35.04 | Included Semi-Massive to Massive |
| R25-HEZ-02 | 1.5 | 62.2 | 60.7 | 14.29 | 19.73 | 3.24 | 0.10 | 20.94 | Intercumulus |
| R25-HEZ-02 | 39.5 | 62.2 | 22.7 | 15.13 | 20.90 | 3.43 | 0.10 | 22.30 | Intercumulus |
| R25-HEZ-02 | 122.5 | 300.0 | 177.5 | 12.49 | 17.25 | 3.86 | 0.07 | 19.04 | Intercumulus |
| R25-HEZ-03 | 4.0 | 149.0 | 145.0 | 14.69 | 20.28 | 3.13 | 0.10 | 21.38 | Intercumulus |
| R25-HEZ-04 | 4.5 | 98.8 | 94.3 | 13.85 | 19.12 | 2.96 | 0.10 | 20.05 | Intercumulus |
| R25-HEZ-04 | 99.6 | 308.0 | 208.5 | 19.92 | 27.51 | 3.99 | 0.22 | 29.59 | Intercumulus |
| R25-HEZ-04 | 222.0 | 272.2 | 50.2 | 23.40 | 32.32 | 4.54 | 0.29 | 35.02 | Included Semi-Massive to Massive |
| R25-HEZ-05 | 4.5 | 117.2 | 112.7 | 14.21 | 19.62 | 3.31 | 0.09 | 20.89 | Intercumulus |
| R25-HEZ-05 | 117.2 | 304.5 | 187.3 | 18.06 | 24.94 | 3.77 | 0.18 | 26.76 | Intercumulus |
| R25-HEZ-06 | 75.5 | 293.0 | 217.5 | 14.34 | 19.80 | 3.07 | 0.12 | 20.85 | Intercumulus |
| R25-HEZ-06 | 265.0 | 293.0 | 28.0 | 20.11 | 27.77 | 4.22 | 0.21 | 30.08 | Included Higher Grade |
| R25-HEZ-07 | 2.3 | 314.0 | 311.7 | 15.94 | 22.02 | 2.88 | 0.18 | 22.95 | Intercumulus |
| R25-HEZ-07 | 86.8 | 205.2 | 118.4 | 23.22 | 32.07 | 4.51 | 0.30 | 34.75 | Included Semi-Massive to Massive |
| R25-HEZ-07 | 225.7 | 236.0 | 10.3 | 27.55 | 38.05 | 5.34 | 0.38 | 41.63 | Included Semi-Massive to Massive |
| Intervals with >35% VTM = Semi-Massive to Massive VTM | |||||||||
| Intervals with >20% VTM = Intercumulus VTM, with some layers of semi-massive to massive VTM. | |||||||||
| Fe₃O₄ (%) is calculated as: Fe (%) × 1.381 | |||||||||
| VTM (%) is calculated using: (Fe₃O₄ − 2.13) + TiO₂ + V₂O₅ | |||||||||
| Length is the core interval. True thickness are about 80% of the core interval. | |||||||||
Table 2: Summary of Saga Metals Radar Project 2025 drill results on the Hawkeye zone with VTM calculation & classification
SAGA’s 2025 Summer Exploration Program at Radar:
Following drilling, Saga expanded geophysics in the Trapper and Northwest Zones, confirming a 3.3 km continuous magnetic anomaly in Trapper with readings up to 115,498 nT, open along strike. Infrastructure upgrades included clearing a logging road and building a 4 km access trail, enabling 504 square meters of trenching that exposed semi-massive and massive mineralization at the surface.
Figure 3: Radar Project’s Trapper Zone depicting a 3 km magnetic anomaly and oxide layering trend. The Trapper Trail (in black) will support a new diamond drilling program.
Community support remains a cornerstone of the Company’s operations in Labrador. In April 2025, the Town of Cartwright issued an official letter of support for SAGA and its ongoing exploration efforts at Radar. The Company has maintained a collaborative relationship with local stakeholders and engaged community members directly in field operations, exemplified by the involvement of Cartwright-based personnel in geophysical surveys and logistical operations. The town’s proximity to the project provides reliable all-season road access, deep-water port facilities, a regional airport, and close access to hydroelectric power infrastructure.
To strengthen technical governance and ensure compliance with National Instrument 43-101 standards, Saga appointed Paul J. McGuigan, P.Geo., as the Company’s Independent Qualified Person in June 2025. Mr. McGuigan brings over five decades of experience in layered mafic intrusions, deposit modeling, QA/QC, and resource classification methodologies. His oversight has reinforced the integrity of the exploration approach and supports the Company’s technical reporting as it advances toward resource delineation.
Looking ahead, Saga Metals is preparing for an expanded drilling program at the Trapper Zone, informed by inversion modeling and surface trenching results. The 2025 field campaigns will prioritize resource expansion, metallurgy sampling, and structural mapping to support a future mineral resource estimate.
Saga Metals Corp. remains committed to responsible exploration, strong community engagement, and the strategic development of critical metals that support decarbonization and energy security.
Qualified Person
Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.
Saga Metals’ Corporate Video
Please find below Saga Metals’ corporate video, produced by Pinnacle Digest, providing an overview of the Company as well as highlighting the key characteristics and developments of the Radar Titanium-Vanadium-Iron (Ti-V-Fe) Project in Labrador, Canada.
A Media Snippet accompanying this announcement is available by clicking on this link.
_________________________
On Behalf of the Board of Directors
Mike Stier, Chief Executive Officer
For more information, contact:
Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Disclaimer
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company’s Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/1dc926db-43f0-490b-b7f9-695da9edd0fc
https://www.globenewswire.com/NewsRoom/AttachmentNg/7dd16130-dd8e-44ce-99a8-e4e965ca6065
https://www.globenewswire.com/NewsRoom/AttachmentNg/38ea2e6a-4521-4ad3-9d1b-4b60353c75fd
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