Basin Energy (BSN:AU) has announced Acquires Extensive Uranium and Rare Earth Portfolio
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Blackstone Minerals (BSX:AU) has announced BSX Secures JV Partner & Funding for Ta Khoa Nickel Project
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Greenvale Energy (GRV:AU) has announced Strong Start to Maiden Drill Program at Oasis
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Investor Insight
Corazon Mining Ltd presents a compelling investment case driven by a strategic pivot to WA gold exploration, capitalising on its recent acquisition of the Two Pools gold project. This acquisition offers significant near-term exploration upside, while the company retains a high-quality portfolio of base and battery metals projects, providing long-term optionality and leverage to the evolving critical minerals market. This strategy positions Corazon to deliver shareholder value through potential high-impact discovery and future project development.
Overview
Corazon Mining Ltd (ASX:CZN) is an Australian junior exploration company focused on high-quality gold and critical minerals projects in Australia and Canada.
Company Highlights
- Two Pools Gold Project: The company’s primary focus is the newly acquired Two Pools Gold Project in Western Australia’s highly productive Plutonic Greenstone Belt. This underexplored tenure contains a recently identified 20km-long greenstone belt that was previously misclassified as granite.
- Confirmed High-Grade Mineralisation: Historical drilling at Two Pools has delivered standout intercepts, including 12m @ 8.89 g/t Au (incl. 3m @ 34.25 g/t Au) and 18m @ 3.89 g/t Au (incl. 4m @ 15.96 g/t Au).
- Trident-style Analogy: Drilling has confirmed mineralisation extends beneath overthrust granite, a key geological setting similar to Catalyst Metals’ nearby Trident Deposit, highlighting the potential for significant blind discoveries.
- Strategic Location: Two Pools is located just 60km from Catalyst Metals’ Plutonic Processing Plant, offering strong future development synergies
- Strategic Battery and Base Metals Portfolio: Corazon retains ownership of key projects in Canada and Australia including the MacBride Copper-Zinc-Gold Project and the historic Lynn Nickel-Copper-Cobalt sulphide camp in Manitoba, and the Mt Gilmore Copper-Cobalt-Gold project in NSW. These assets provide long-term exposure to critical metals.
- Compelling Value Proposition: Corazon offers a unique investment opportunity with a small market capitalisation but large, high-quality assets.
Key Projects
Two Pools Gold Project (Western Australia)
Project Highlights:
- A new, highly-prospective gold exploration project in the proven Plutonic-Marymia Greenstone Belt.
- The project covers 193km2 of underexplored tenure containing a newly identified 20km-long greenstone belt
- Historical Drilling and surface sampling have confirmed high-grade gold mineralisation, with a compelling geological setting analogous to other major deposits in the region.
Lynn Lake Base & Precious Metals (Manitoba, Canada)
Project Highlights:
- High-quality base and precious metals asset, offering strategic, long-term value.
- MacBride Copper-Zinc-Gold Project: High-grade, near-surface mineralisation and significant exploration upside for VMS-style deposits.
Other Projects
- Mt Gilmore Copper-Cobalt-Gold (NSW, Australia): An emerging porphyry play with potential for a significant potential copper-gold system.
Management Team
Simon Coyle – Managing Director
Simon Coyle is a mining executive with over 20 years’ experience in the resources sector, spanning across gold, iron ore, manganese and lithium. He is a graduate of the Western Australian School of Mines and has held a number of senior operational leadership roles across both private and publicly listed companies.
Most recently, Coyle served as CEO and president of TSXV-listed Velox Energy Materials. Prior to this, he held senior roles at Pilbara Minerals, including general manager – operations, where he was instrumental in the development and expansion of its flagship lithium project, establishing it as one of the world’s leading spodumene concentrate producers. Coyle currently serves as non-executive director of Kali Metals.
Kristie Young – Non-executive Chair
Kristie Young is a professional Board Director who began her career as a mining engineer in the mid 90’s across both underground and open cut operations (incl. Hamersley Iron, Mt Isa Mines, Plutonic Gold, New Hampton Goldfields, Surpac), feasibility studies and project evaluation. She holds a BEng(Mining) Hons from the University of Queensland.
Over 25 years’ industry experience, including business development director roles with both EY and PwC. She brings more than 15 years’ experience on boards and committees and currently serves as a non-executive director of Brazilian Rare Earths (ASX:BRE), Livium (ASX:LIT), Tasmea Ltd (ASX:TEA), and MinEx CRC.
She is a Fellow of the AusIMM and a graduate and Fellow of the AICD.
Scott Williamson – Non-executive Director
Scott Williamson is a highly experienced mining engineer with an Engineering and Commerce degree from the West Australian School of Mines and Curtin University. With more than 20 years of experience spanning technical and corporate roles in the mining and finance sectors, he brings a wealth of industry expertise and strategic insight. A proven leader in business development, Scott has extensive experience in equity capital markets, complementing his strong technical skill set.
Currently, he serves as managing director of Blackstone Minerals and non-executive Director of Leeuwin Metals.
Scott also holds a WA First Class Mine Manager’s Certificate and is a member of the Australasian Institute of Mining and Metallurgy.
Robert Orr – Company Secretary and Chief Financial Officer
Robert Orr manages Corazon’s financial operations and corporate governance, ensuring compliance and effective financial management.
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Perth, Australia (ABN Newswire) – Basin Energy Limited (ASX:BSN) (OTCMKTS:BSNEF) is pleased to invite shareholders and investors to an investor webinar where Managing Director, Pete Moorhouse will provide a Company update following the recently acquired extensive uranium and rare earth portfolio in Queensland and outline upcoming exploration plans.
DETAILS
Date: Thursday, 28 August 2025
Time: 11:30AM AEST / 9:30AM AWST
Registration:
https://www.abnnewswire.net/lnk/66GZ5R65
Participants will be able to submit questions via the panel throughout the presentation, however we highly encourage attendees to submit questions beforehand via chloe@janemorganmanagement.com.au
To view the Presentation, please visit:
https://www.abnnewswire.net/lnk/3Z6Y66N7
About Basin Energy Ltd:
Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is a green energy metals exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada and has recently acquired a significant portfolio of Green Energy Metals exploration assets located in Scandinavia.
Source:
Basin Energy Ltd
Contact:
Pete Moorhouse
Managing Director
pete.m@basinenergy.com.au
+61 7 3667 7449
Chloe Hayes
Investor and Media Relations
chloe@janemorganmanagement.com.au
+61 458619317
News Provided by ABN Newswire via QuoteMedia
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Perth, Australia (ABN Newswire) – Basin Energy Limited (ASX:BSN) (OTCMKTS:BSNEF) is pleased to announce that it has entered into a binding agreement to acquire 100% of the issued capital of NeoDys Limited (‘NeoDys’), a privately held critical minerals explorer with a dominant landholding in the Mount Isa region of northwest Queensland.
Key Highlights
– Binding agreement to acquire the largest prospective uranium and rare earth packages in Queensland, adjacent to Paladin Energy Limited’s (ASX:PDN) Valhalla uranium deposit and Red Metal Limited’s (ASX:RDM) Sybella rare earth discovery [1*]
– Early stage exploration supports three distinct, drill-ready exploration models, each amenable to low-cost shallow drilling:
o AEM geophysical survey previously reported identified extensive paleochannel network adjacent to the Sybella uranium ‘hot’ granite.
o Significant hard rock granite rare earth element potential, analogous to Red Metal’s Sybella discovery. Recent auger drill sampling returned numerous significant results including 5 m @ 1,951 ppm TREO with 578 ppm Nd+Pr oxide, incl. 3 m @ 705 ppm Nd+Pr oxide.
o District-scale sediment-hosted ionic clay rare earth potential with $150,000 Queensland Government funding in place to fastrack drilling. Soil sampling completed with numerous samped returning >600 ppm TREO with a maximum of 653 ppm TREO.
– Additional Valhalla-style uranium targets with multiple untested radiometric anomalies, in proximity to Valhalla, Skal and Odin deposits which host a combined 116 Mlbs U3O8 [2*]
– The Company has received firm commitments from institutional and sophisticated investors to raise $1.25 million at $0.025 per share, representing a 9% premium to 20 day VWAP.
– With the oversubscribed placement along with the Queensland grant, Basin Energy is fully funded to test these drill-ready high priority targets, enabling the Company to fast-track multiple uranium and rare earth drill programs.
– Detailed targeting and drill planning is underway with exploration planned to commence in Q4 2025 to test shallow, high priority targets via aircore and reverse circulation drilling.
Managing Director, Pete Moorhouse commented:
‘This acquisition propels Basin into Australia’s uranium and rare earth exploration landscape. These projects deliver exceptional geology, strategic scale and compelling upside across two of the most critical mineral sectors of the energy transition. With drill-ready targets and a low-cost structure, this portfolio is primed to deliver value for shareholders. Over the next 6 months, Basin Energy will be drilling the first holes on three district-scale opportunities for uranium and rare earth deposits in Northwest Queensland.
The Company is delighted with the strong interest in the capital raising. On behalf of the Board, I welcome our new shareholders, and thank existing shareholders for their continued support at an exciting time of development for the Company. We will be holding a webinar to walk through the projects on 28th August and encourage people to log in and learn more about this opportunity.’
Overview
This acquisition provides Basin with a commanding position over one of Australia’s emerging and underexplored provinces for uranium and rare earth elements (‘REE’), leveraging the recent Sybella rare earth discovery by Red Metal Limited (ASX:RDM) and the prospectivity of the adjacent Barkly Tableland.
Basin now holds 5,958 km2 of exploration tenure in the Mount Isa district of northwest Queensland. The projects provide compelling walk-up drill targets that can be rapidly and cost-effectively tested using air core and reverse circulation (RC) drilling. NeoDys have an existing Queensland Government Collaborative Exploration Initiative funding agreement for $150,000, available for Basin to support upcoming drilling programs.
The drill-ready, district scale targets include:
– Paleochannel roll front uranium (1*)
– Sediment and ionic clay hosted rare earth elements (2*)
– Hard rock, granite hosted rare earth elements (3*)
In addition to these three district-scale targets, the project area contains multiple shear-hosted Valhallastyle uranium targets defined for immediate assessment.
The primary model is based on mineralisation sourced from the various granites of the Sybella Batholith (‘the Sybella’), a large north-south trending igneous body containing zones enriched in rare earth elements. This includes the Red Metal (ASX:RDM) Sybella Discovery with a recent JORC inferred resource estimate of 4.795 Bt at 302 ppm NdPr, 28 ppm DyTb (200 ppm NdPr cut-off) or 209 Mt at 377 ppm NdPr, 34 ppm DyTb (360 ppm NdPr cut-off) [1*]. The Sybella granites are also uranium rich, potentially being the source of Paladin Energy’s (ASX:PDN) Valhalla deposits[2*] .
Terms of the Share Placement
The Company has received firm commitments to raise $1.25 million, by way of a two-tranche share placement (‘Placement’) of 50 million shares at an issue price of $0.025 per share. The Placement price represents the Company’s last market close price, and a 9.1% premium to the 20-day VWAP.
Tranche two will be subject to a general meeting, to be called shortly and expected in early October.
The offer was significantly oversubscribed, with proceeds to be allocated as follows:
– Air core drilling on the Barkly Tablelands uranium and REE targets
– RC drilling at the Newmans Bore granite-hosted REE target
– Mapping and sampling of the West Valhalla Radiometric targets
– General working capital.
The Placement was managed internally and was not subject to broker fees.
To view the full announcement, please visit:
https://abnnewswire.net/lnk/3833C16P
About Basin Energy Ltd:
Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is a green energy metals exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada and has recently acquired a significant portfolio of Green Energy Metals exploration assets located in Scandinavia.
Source:
Basin Energy Ltd
Contact:
Pete Moorhouse
Managing Director
pete.m@basinenergy.com.au
+61 7 3667 7449
Chloe Hayes
Investor and Media Relations
chloe@janemorganmanagement.com.au
+61 458619317
News Provided by ABN Newswire via QuoteMedia
This post appeared first on investingnews.com
Frontier Airlines is going after customers of Spirit Airlines, whose financial footing has gotten so shaky in recent weeks that it warned earlier this month it might not be able to survive another year without more cash.
Frontier on Tuesday announced 20 routes it plans to start this winter, many of them in major Spirit markets like its base at Fort Lauderdale International Airport in Florida. Frontier overlaps with Spirit on 35% of its capacity, more than any other airline, according to a Monday note from Deutsche Bank airline analyst Michael Linenberg.
Some of Frontier’s new routes from Fort Lauderdale include flights to Detroit, Houston, Chicago and Charlotte, North Carolina. It’s also rolling out routes from Houston to New Orleans; San Pedro Sula, Honduras; and Guatemala City.
Frontier had tried and failed to merge with its budget airline rival several times since 2022.
“I’m not here to talk about M&A,” Frontier CEO Barry Biffle said in an interview with CNBC on Tuesday when asked whether Frontier would buy Spirit. Biffle said he expects that Frontier would pick up the majority of Spirit’s market share if Spirit collapsed.
Both carriers have struggled from changing customer tastes for more upmarket seats and trips abroad, an oversupply of domestic capacity, and higher labor and other costs. Spirit’s situation has become more dire however, after it emerged from four months of bankruptcy protection in March facing many of the same problems.
Ultra-low-cost airlines are also challenged by larger rivals like United Airlines, American Airline and Delta Air Lines that have rolled out their own no-frills basic economy tickets but also offer customers bigger choices of destinations and other perks onboard like snacks and beverages.
Stock prices of rival airlines surged after Spirit’s warning earlier this month.
Biffle said the carrier wants to become the country’s largest budget airline and has rolled out loyalty matching programs to grab more customers. Frontier’s capacity was slightly smaller than Spirit’s in the second quarter, through the latter had slashed its flying by nearly 24% from a year earlier, while Frontier was down only 2%.
Spirit last week said it drew down the entire $275 million of its revolver and while it reached a two-year extension on its credit card processing agreement with U.S. Bank N.A., it agreed that it would hold back up to $3 million a day from the carrier.
The airline lost $245.8 million in the second quarter. Frontier lost $70 million.
Spirit has been looking for ways to slash costs, including furloughing and demoting hundreds more pilots and cutting unprofitable routes. Hundreds of flight attendants are on unpaid leaves of absence.
Spirit CEO Dave Davis said in an Aug. 12 staff memo after its “going concern” warning that “the team and I are confident that we can build a Spirit that will continue to provide consumers the unmatched value that they have come to expect for many years to come.”
The carrier reached a deal with bondholders who agreed to convert debt to equity in its Chapter 11 bankruptcy, but it didn’t cut other costs like renegotiating aircraft leases. Leasing firms have been reaching out to rivals in recent weeks to gauge whether competitors would take any of the Airbus planes that are in Spirit’s hands, according to people familiar with the matter, who asked to speak anonymously because the talks were private.
— CNBC’s Phil LeBeau contributed to this report.
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U.S. taxpayers are now the largest shareholders in Intel. What comes next isn’t so clear.
The Trump administration announced Friday that the government had taken a 10% stake in the California-based computer chipmaker, which has fallen behind rivals Nvidia and AMD in the artificial intelligence race. Over the past five years, Intel’s share price has declined more than 50%.
The administration has not provided any details about when or under what circumstances it would sell the Intel shares — or whether it would sell them at all. Nor did it say whether the United States would benefit from any dividends, although Intel has not paid out any since last year. The administration does not plan to take any board seats and has said it will vote against the company only in “limited” circumstances.
While Commerce Secretary Howard Lutnick suggested Friday that national security was a key motivator for taking the stake, President Donald Trump focused Monday more on the prospect of financial gains.
“I will make deals like that for our Country all day long,” Trump said on Truth Social. “I love seeing their stock price go up, making the USA RICHER, AND RICHER. More jobs for America!” he added.
Intel’s shares have climbed about 4% since the transaction was announced. Some experts said that while there is a potential upside to the agreement, it represents another norm-shattering expansion of presidential authority by Trump into the business world — and most likely not the last.
Already, the Trump administration has taken a “golden share” in Japan’s Nippon Steel as part of a deal granting approval to that company’s bid for U.S. Steel and giving the government a say in future Nippon transactions. Last month, the Defense Department announced it had purchased $400 million in rare earth miner MP Materials, making it the company’s largest shareholder. The White House also plans to take a cut of the sales that chipmakers Nvidia and AMD make to China.
Trump told reporters Monday that he hopes to see “many more” deals like Intel’s, adding that nobody “realizes how great it will be.” Kevin Hassett, director of Trump’s National Economic Council, said similar deals could help form the basis of a sovereign wealth fund, an idea that the administration had floated earlier as a way of giving U.S. taxpayers direct stakes in companies but had yet to fully develop.
“At some point there’ll be more transactions, if not in this industry, in other industries,” Hassett said on CNBC.
The U.S. stake in Intel does not amount to a complete government takeover. While the federal government has assumed total control of private corporations before, such incidents have usually happened during times of crisis — and not with the direct intention of trying to play the markets.
“He’s doing all this in a spooky, controversial way,” said Clyde Wayne Marks, a fellow in regulatory studies at the Competitive Enterprise Institute, a libertarian think tank. “Right now there is no crisis.”
President Woodrow Wilson nationalized railroads, as well as the telegraph, telephone, radio and wireless stations, during World War I. Nearly two decades ago, the government bailed out a host of private firms during the 2008-09 global financial crisis.
While the bailout involved holding corporate assets on the U.S. government’s books with the goal of returning earnings to taxpayers, there was never any serious intention to own them over the long term. And a Government Accountability Office study concluded in 2023 that the program ultimately came at a net cost of about $31 billion.
The U.S. government has long provided subsidies to private corporations in the form of loans and grants, to varying degrees of success. Two high-profile examples came during the Obama administration, when the Energy Department provided loans to a solar power company called Solyndra and to electric vehicle maker Tesla. Solyndra ultimately went bankrupt, while today Tesla is worth $1.2 trillion on the stock market.
Some have argued that the United States would have benefited from having taken a stake in Tesla. Yet at the time Tesla received the loan, in 2010, beliefs about the free market and the need to limit the government’s role in it prevailed not just among Republicans, but among Democrats, as well, experts say.
“Our system has not typically been built that way — it’s not how free enterprise is typically run,” said Dan Reicher, a former Energy Department official under Presidents Bill Clinton and Barack Obama. “History has proven that the more free-market approach, making the bottom line the bottom line for the companies running these operations, is a smarter way to go.”
Intel’s fortunes have sagged. Its manufacturing segment lost $3.2 billion in the second quarter, and last month it said it would lay off 15% of its workforce by year’s end while canceling billions in planned investments and delaying the completion date for a $28 billion chip plant near Columbus, Ohio.
In a securities filing Monday, Intel warned investors of the potential risks involved in the U.S. investment, among them that the arrangement may actually limit its ability to secure grants down the road, depending on its future performance. It could also harm international sales and make Intel subject to additional regulations and restrictions, both at home and abroad, it said.
On Monday, Trump was asked whether the Intel investment represented a new way of doing industrial policy.
“Yeah. Sure it is,” Trump said. “I want to try to get as much as I can.”
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Kazakhstan’s state-owned uranium giant Kazatomprom will scale back production in 2026, saying that current supply and demand dynamics do not justify a return to full capacity even as long-term prices hold firm.
The company, which accounts for more than one-fifth of the world’s primary uranium output, said it expects to lower production by roughly 10 percent compared with earlier targets, reducing its nominal output level from 32,777 metric tons of uranium (tU) to 29,697 tU.
That equates to a drop of around 8 million pounds of uranium, or about 5 percent of global supply. Most of the reduction will come from adjustments at its Budenovskoye joint venture.
“As the world’s largest producer and seller of natural uranium, Kazatomprom fully recognises the critical role the Company has in supporting the global energy transition,” Chief Executive Meirzhan Yussupov said, as the miner released its first half 2025 results.
Kazatomprom said the present market environment does not warrant lifting production to its previous 100 percent level. The long-term uranium price has remained stable at around US$80 per pound, despite volatility in spot markets and financial uncertainty tied to tariff disputes.
Instead, Kazatomprom said it plans to “exercise its downflex opportunity within the acceptable 20 percent deviation under the updated 2026 Subsoil Use production levels.” It added that the actual guidance for the 2026 output will be released in a later disclosure.
The company further added that supplies of sulphuric acid, a critical reagent for the in-situ recovery (ISR) mining method used across its operations, are expected to be stable in 2026.
Kazatomprom also pointed to Kazakhstan’s own nuclear energy ambitions. The government has floated plans for three nuclear power plants, each of which would require about 400 metric tons (1.04 million pounds) of uranium annually.
Financially, the announcement accompanied weaker half-year results. Kazatomprom reported a 54 percent fall in net profit to 263.2 billion Kazakhstani tenge (around US$489.5 million) in the first six months of 2025, compared with the same period a year earlier. Revenue further slipped 6 percent to 660.2 billion tenge due to lower sales volumes.
In August 2024, the company cut its 2025 uranium output forecast by 12–17 percent amid a sulfuric acid shortage. Its new acid plant won’t be ready until at least 2026, while higher mineral extraction taxes starting which commenced earlier this year are set to raise costs and erode its traditional competitive edge.
Even as it trims output targets, Kazatomprom stressed that it is pushing ahead with large-scale exploration programs across Kazakhstan. The initiatives are aimed at replenishing reserves and safeguarding the company’s status as the leading global supplier of nuclear fuel.
“Kazatomprom is currently undertaking a large-scale exploration in Kazakhstan, which is a top priority for replenishing its resource base and maintaining its leading position as a global nuclear fuel supplier,” Yussupov said.
Potential market deficit ahead
Although Kazatomprom has seen a decline in profits, sector major Cameco (TSX:CCO,NYSE:CCJ) registered growth in Q2 2025, and is anticipating a broad uptick in global demand.
“We believe that supportive government policies, the tangible actions of energy-intensive industries, and positive public conversations are all pointing to a global convergence: nuclear energy is a critical solution for providing clean, constant, secure and reliable power to electrify global economies, wrote Tim Gitzel, Cameco’s president and CEO.
Uranium’s key role in clean energy has prompted FocusEconomics analysts to forecast uranium prices to stay well above 2010s levels through the decade, with price projected in the US$65 to US$80 per pound range.
The World Nuclear Association (WNA) projects demand will rise 28 percent by 2030, outpacing an 18 percent supply increase, driven by emerging-market growth, AI-related power needs, modular reactor adoption and energy security concerns.
Primary uranium production from mines, conversion and enrichment plants meets most global reactor demand, with secondary supplies helping bridge short-term gaps.
‘However, secondary supply is projected to have a gradually diminishing role in the world market, decreasing from the current level in supplying 11-14 percent of reactor uranium requirements to 4-11 percent in 2050,’ notes the WNA’s recent Nuclear Fuel Report.
Despite the looming shortfall, FocusEconomics analysts don’t anticipate a return to 2024’s highs, when prices overshot fundamentals amid investor exuberance.
“Supply/demand dynamics are supportive of higher uranium prices: We forecast a structural supply deficit of ~20 million pounds in 2025 to grow to ~130 million pounds by 2040, or representing 40 percent-45 percent undersupply,’ an email from FocusEconomics stated. ‘This view is supported by increasing demand for uranium as the global nuclear fleet expands to support growing power needs amid a lack of meaningful potential supply to come online.”
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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Earthwise Minerals Corp. (CSE:WISE)(FSE:966) (‘Earthwise‘ or the ‘Company‘) has completed the first part of its two-phase 2025 field program at the Iron Range Gold Project (‘the Project’) in southeastern British Columbia. The program, led by TerraLogic Exploration Inc., included the collection of 538 soil samples over 13.5 line-km and 15 rock samples, along with structural mapping and prospecting across key target zones. Analytical results are pending and will be released once received, compiled, and interpreted.
Earthwise holds the exclusive option to acquire up to an 80% interest in the Iron Range Gold Project, which is 100% owned by Eagle Plains Resources Ltd. (TSXV:EPL) (‘EPL‘ or ‘Eagle Plains‘), with part of the property subject to an underlying 1.0% Net Smelter Royalty.
The 2025 field program advanced geochemical and mapping work across multiple targets at Iron Range:
- Sampling: A total of 538 soil samples were collected along 13.5 line-km, together with 15 rock samples.
- Soil Coverage: Tight-spaced grids were completed within known geochemical anomalies and extended into new areas, including fault splays and gold-in-till anomalies identified by Eagle Plains.
- Mapping & Prospecting: Geological mapping and prospecting were carried out at the Pyromorphite Zone and DIP Zone, with additional sampling at Golden Cap and Star West.
- Next Steps: All samples have been submitted for analysis, with results to be disclosed once received, compiled, and interpreted.
EXPLORATION ZONES – 2025
Pyromorphite Zone (BC MinFile 082FSE141): Mineralization was first discovered in 2009 when logging road construction exposed sheared and brecciated sediments hosting cm-scale quartz veins bearing pyromorphite (lead) mineralization. No significant work has been carried out at the zone since its initial discovery by the previous tenure holder. Historic rock (grab) samples include SK10-207, which reported 27.0 g/t Au, 173.0 g/t Ag, and 13.4% Pb, and MK10-170, which reported 54.7 g/t Au, 42.2 g/t Ag, and 2.8% Pb (BC Assessment Report 31659).
Golden Cap (BC MinFile 082FSE014): Tight-spaced soil sampling in 2025 was designed to test cross-fault intersections along the main Iron Range Fault Zone. Historical soil sampling by Eagle Plains at this area returned values up to 230 ppb Au.
DIP Zone (Dakota – BC MinFile 082FSE023; Idaho – BC MinFile 082FSE024; Pacific – BC MinFile 082FSE025): Soil sampling in 2025 was conducted over an area with a historical multi-element soil geochemical anomaly that had not previously been analyzed for gold.
Star West (BC MinFile 082FSE089): Soil sampling in 2025 was conducted over an area with a historical multi-element soil geochemical anomaly that had not previously been analyzed for gold.
HISTORIC DRILLING & PROJECT OVERVIEW
Drilling at Iron Range in 2010 resulted in the discovery of the Talon Zone, where drill-hole IR10-010 intersected 2 intervals of strong and continuous mineralization including 14.0m grading 5.1g/t gold, 1.86% lead, 2.1% Zinc, 75.3g/t silver and 7.1m grading 8.13g/t gold, 2.84% lead, 3.07% zinc, 86.6g/t silver (Eagle Plains news release December 21st, 2010). Previous drilling 10km north of the Talon Zone in 2008 by Eagle Plains intersected gold mineralization in drill-hole IR08006 which assayed 7.0m grading 51.52g/t (1.50 oz/ton) gold (Eagle Plains news release dated April 20th, 2009).
All of the exploration data collected by Eagle Plains since 2001, as well as all of the available historic data, has been integrated into a GIS database, which is used to prioritize areas for ground follow up. Drill targeting at the Talon Zone discovery in 2010 was based on the presence of an extensive multi-element soil geochemical anomaly associated with a structural splay from the regional Iron Range Fault System. Drill hole locations and depths were successfully refined using Induced Polarization (IP) geophysics.
The 21,437ha Iron Range Project is considered by management of both Eagle Plains and Earthwise to hold excellent potential for the presence of structurally controlled gold-silver mineralization, iron-oxide copper-gold (‘IOCG’) and Sullivan-style lead-zinc-silver sedimentary-exhalative (‘sedex’) mineralization. The property is owned 100% by Eagle Plains, with a portion of the property subject to an underlying 1.0% Net Smelter Royalty held by a third party.
IRON RANGE GOLD PROJECT SUMMARY
The Iron Range Project, located near Creston, B.C., is owned 100% by Eagle Plains Resources Ltd., subject to a 1% NSR on a portion of the claim group. A well-developed transportation and power corridor crosses the southern part of the property, including a high-pressure gas pipeline and a high-voltage hydro-electric line, both following the CPR mainline and Highway 3. The rail line provides efficient access to Teck’s smelter in Trail, B.C. The project is fully permitted under a Multi-Year Area Based (MYAB) permit issued by the B.C. Ministry of Mining and Critical Minerals. The permit allows for geophysical surveys, mechanical trenching, access trail construction, and diamond drilling.
The property covers an area of approximately 10 km x 32 km, overlying the regional Iron Range Fault System (IRFS). Prior to Eagle Plains’ acquisition in 2001, the ground had seen little systematic exploration aside from iron resources documented since the late 1800s. Since 2001, Eagle Plains and its partners have completed:
- 21,593 m of diamond drilling in 87 holes
- 2,482 line-km of airborne and surface geophysical surveys
- 10,053 soil geochemical samples
- 495 rock samples
- 6,955 drill core samples
Rock grab samples are selective samples by nature and as such are not necessarily representative of the mineralization hosted across the property. Some of the above results were taken directly from MINFILE descriptions and assessment reports (ARIS) filed with the BC government. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person but form a basis for ongoing work on the subject properties. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.
Qualified Person
Charles C. Downie, P.Geo., a ‘qualified person’ for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects and an officer and director of Eagle Plains, has reviewed and approved the scientific and technical disclosure in this news release.
About Earthwise Minerals
Earthwise Minerals Corp. (CSE: WISE; FSE: 966) is a Canadian junior exploration company focused on advancing the Iron Range Gold Project in southeastern British Columbia near Creston, B.C. The Company holds an option to earn up to an 80% interest in the fully permitted project, which is road-accessible and situated within a prolific mineralized corridor. The property covers a 10 km x 32 km area along the Iron Range Fault System and hosts multiple high-grade gold showings and large-scale geophysical and geochemical anomalies.
For more information, review the Company’s filings available at www.sedarplus.ca.
EARTHWISE MINERALS CORP.,
ON BEHALF OF THE BOARD
‘Mark Luchinski’
Contact Information:
Mark Luchinski
Chief Executive Officer, Director
Telephone: (604) 506-6201
Email: luch@luchccorp.com
Forward Looking Statements
This news release includes statements that constitute ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’) including, without limitation, statements respecting the Offering and the intended use of proceeds therefrom. Statements regarding future plans and objectives of the Company are forward looking statements that involve various degrees of risk. Forward-looking statements reflect management’s current views with respect to possible future events and conditions and, by their nature, are subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in its forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and actual outcomes may differ materially from those in forward-looking statements. Additional information regarding the various risks and uncertainties facing the Company are described in greater detail in the ‘Risk Factors’ section of the Company’s annual management’s discussion and analysis and other continuous disclosure documents filed with the Canadian securities regulatory authorities which are available at www.sedarplus.ca. The Company undertakes no obligation to update forward-looking information except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements.
For more information, please contact Mark Luchinski, Chief Executive Officer and Director, at luch@luchccorp.com or (604) 506-6201.
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