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Executing a well-defined project development strategy for its lithium assets and advancing Direct Lithium Extraction (DLE), CleanTech Lithium is poised to become a key player in the supply of lithium carbonate and the global battery market.

Overview

CleanTech Lithium (AIM:CTL,Frankfurt:T2N) is a resource exploration and development company with three lithium assets in Chile, a world-renowned mining-friendly jurisdiction. The company aims to be a leading supplier of ‘green lithium’ to the electric vehicle (EV) market and growing Energy Storage Systems (ESS) market, leveraging direct lithium extraction (DLE) – a low-impact, low-carbon and low-water method of extracting lithium from brine. DLE enables lower grade projects to be economically viable. New projects using this method will be critical to meet the forecasted demand.

Lithium demand is soaring as a result of a rapidly expanding EV market and ESS proposed pipeline of projects. As part of Chile’s National Lithium Strategy, the company’s flagship Laguna Verde has been named one of six salars prioritized for development — positioning CleanTech Lithium as a key private partner in unlocking the country’s lithium potential.

With an experienced team in natural resources, CleanTech Lithium holds itself accountable to a responsible ESG-led approach, a critical advantage for governments and major car and battery manufacturers looking to secure a cleaner supply chain.

Laguna Verde is at pre-feasibility study stage which is to be completed imminently. Based on previous drilling campaigns from 2022 to 2024, the project has a JORC resource estimate of 1.63 Mt of lithium carbonate equivalent (LCE) while Viento Andino boasts 0.92 Mt LCE, each supporting 20,000 tons per annum (tpa) production with a 30-year and 12-year mine life, respectively and based on the Scoping Studies published in 2023. The latest drilling programme at Laguna Verde finished in June 2024, results from which will be used to convert resources into reserves.

The company is carrying out the necessary environmental impact assessments in partnership with the local communities. The indigenous communities will provide valuable data that will be included in the assessments. The company has signed agreements with three of the core communities to support the project development.

DLE Pilot Plant Inauguration event held in May 2024 with local stakeholders and indigenous communities in attendance

Salar de Atacama/Arenas Blancas comprises 140 licenses covering 377 sq km in the Salar de Atacama basin, one of the leading lithium-producing regions in the world with proven mineable deposits of 9.2 Mt.

CleanTech Lithium is committed to an ESG-led approach to its strategy and supporting its downstream partners looking to secure a cleaner supply chain. In line with this, the company plans to use renewable energy and the innovative DLE process across its projects. DLE is considered an efficient option for lithium brine extraction that makes the least environmental impact, with no use of evaporation ponds, no carbon-intensive processes and reduced levels of water consumption. In recognition, Chile’s government plans to prioritize DLE for all new lithium projects in the country.

CleanTech Lithium’s pilot DLE plant in Copiapó was commissioned in the first quarter of 2024. To date, the company has completed the first stage of production from the DLE pilot plant producing an initial volume of 88 cubic metres of concentrated eluate – the lithium carbonate equivalent (LCE) of approximately one tonne over an operating period of 384 hours with 14 cycles. Results show the DLE adsorbent achieved a lithium recovery rate of approximately 95 percent from the brine, with total recovery (adsorption plus desorption) achieving approximately 88 percent. The Company’s downstream conversion process is successfully producing pilot-scale samples of lithium carbonate . As of January 2025, the Company is producing lithium carbonate from Laguna Verde concentrated eluate at the downstream pilot plant – recently proven to be high purity (99.78 percent). Click for highlights video.

CTL’s experienced management team, with expertise throughout the natural resources industry, leads the company toward its goal of producing green lithium for the EV and ESS markets. Expertise includes geology, lithium extraction engineering and corporate administration.

Company Highlights

  • Proven Commitment to Chile’s Lithium Future: Over US$30 million invested and agreements with local indigenous communities reflect CleanTech Lithium’s commitment to developing sustainable, high-quality lithium assets aligned with Chile’s National Lithium Strategy.
  • Clean, Fast, and Efficient Extraction: Utilizing Direct Lithium Extraction (DLE) to deliver battery-grade lithium carbonate faster, at lower cost, and with minimal environmental impact.
  • Flagship Project Advancing: The Laguna Verde project is at the pre-feasibility stage, paving the way for strategic partnership discussions.
  • Operational DLE Pilot Plant: An active pilot plant in Copiapó designed to produce ~1 tonne LCE, validating scalable, low-impurity lithium production.
  • High-Purity Lithium Achieved: In January 2025, the company produced 99.78 percent purity lithium carbonate, confirming product quality.
  • Committed to ESG Excellence: An ESG-first approach ensures responsible operations aligned with clean supply chain and focused on developing the project with net-zero goals in mind.

Key Projects

Laguna Verde Lithium Project

The 217 sq km Laguna Verde project features a sq km hypersaline lake at the low point of the basin with a large sub-surface aquifer ideal for DLE. Laguna Verde is the company’s most advanced asset.

Project Highlights:

  • Prolific JORC-compliant Resource Estimate: The asset has a JORC-compliant resource estimate of 1.63 Mt of LCE at a grade of 200 mg/L lithium with further drilling planned.
  • Environmentally Friendly Extraction: The company’s asset is amenable to DLE. Instead of sending lithium brine to evaporation ponds, DLE uses a unique process where resin extracts lithium from brine, and then re-injects the brine back into the aquifer, with minimal depletion of the resources. The DLE process reduces the impact on environment, water consumption levels and production time compared with evaporation ponds and hard-rock mining methods.
  • Scoping Study: Scoping study completed in January 2023 indicated a production of 20,000 tons per annum LCE and an operational life of 30 years. Highlights of the study also includes:
    • Total revenues of US$6.3 billion
    • IRR of 45.1 percent and post-tax NPV8 of US$1.8 billion
    • Net cash flow of US$215 million

Pre-Feasibility Study and Project Development

The Pre-Feasibility Study (PFS) is nearly complete, with resource and wellfield design dependent on the finalized government polygon. This will allow CTL to expand its resources and develop wells on the newly acquired Minergy licences. Please refer to RNS dated 11th August 2025 available at www.ctlithium.com for more details.

Publication of the PFS will be deferred until CTL enters the streamlined CEOL process for confidentiality reasons. With existing infrastructure at Laguna Verde and the carbonate plant in Copiapó, project development conditions remain highly favourable.

CleanTech Lithium is advancing its Special Lithium Operating Contract (CEOL) application with the Chilean Government, which grants rights to exploit and sell lithium within a defined area.

To meet CEOL criteria, CTL recently acquired Minergy’s 30 mining licences at Laguna Verde, increasing ownership to over 97 percent of the government’s proposed project polygon. The milestone-based purchase deal strengthens CTL’s position and, together with shareholder support, is expected to enable entry into the streamlined CEOL process — a key milestone that could drive a major revaluation as the company capitalizes on the lithium market recovery.

Viento Andino Lithium Project

CleanTech Lithium’s second-most advanced asset covers 127 square kilometers and is located within 100 km of Laguna Verde, with a current resource estimate of 0.92 Mt of LCE, including an indicated resource of 0.44 Mt LCE. The company’s planned second drill campaign aims to extend known deposits further.

Project Highlights:

  • 2022 Lithium Discovery: Recently completed brine samples from the initial drill campaign indicate an average lithium grade of 305 mg/L.
  • Scoping Study: A scoping study was completed in September 2023 indicating a production of up to 20,000 tons per annum LCE for an operational life of more than 12 years. Other highlights include:
    • Net revenues of US$2.5 billion
    • IRR of 43.5 percent and post-tax NPV 8 of US$1.1 billion
  • Additional Drilling: Once drilling at Laguna Verde is completed in 2024, CleanTech Lithium plans to commence further drilling at Viento Andino for a potential resource upgrade.

Arenas Blancas

The project comprises 140 licences covering 377 sq km in the Salar de Atacama basin, a known lithium region with proven mineable deposits of 9.2 Mt and home to two of the world’s leading battery-grade lithium producers SQM and Albermarle. Following the granting of the exploration licences in 2024, the Cleantech Lithium is designing a work programme for the project.

The Board

Steve Kesler – Independent Non-executive Chairman

Steve Kesler has 45 years of executive and board roles experience in the mining sector across all major capital markets including AIM. Direct lithium experience as CEO/director of European Lithium and Chile experience with Escondida and as the first CEO of Collahuasi, previously held senior roles at Rio Tinto and BHP.

Ignacio Mehech – CEO

Ignacio Mehech brings over a decade of senior leadership experience in the lithium and mining sectors. During his seven-year tenure at Albemarle—the world’s largest producer of battery-grade lithium—he spent the last three years as Country Manager in Chile, overseeing a workforce of 1,100 and managing critical relationships with government, indigenous communities, and other key stakeholders. Mehech brings deep expertise in lithium project development, regulatory engagement, and sustainability. He has led high-profile engagements with global investors, customers, NGOs, analysts, scientists, and international governments. He also played a key leadership role in the El Abra copper operation—a joint venture between Codelco and Freeport-McMoRan—where he led the legal strategy and contributed to corporate transformation initiatives. Mehech holds a law degree from the Universidad de Chile and a Master’s in Energy and Resources Law from the University of Melbourne.

Paul Atherton – Non-executive Director

Paul Atherton is a Chartered Accountant with extensive experience in corporate finance across professional services and resource companies in sub-Saharan Africa. He served as CFO and later CEO of Heritage Oil, a former FTSE 250 company, before pursuing his interests as an angel investor and board director across the resources, technology, and healthcare sectors. A resident of Jersey, Paul also chairs the Board’s Audit & Risk Committee.

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

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

HIGHLIGHTS:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Kerrie Matthews, Managing Director & CEO, commented:

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

Material Terms of the LOI

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

Fast-Track Mine-to-Market Approach

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

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

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

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

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

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

Next Steps

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

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

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

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

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

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

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Tottenham Project

Locksley’s Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation

Source:
Locksley Resources Limited

Contact:
Kerrie Matthews
Chief Executive Officer
Locksley Resources Limited
T: +61 8 9481 0389
Kerrie@locksleyresources.com.au

News Provided by ABN Newswire via QuoteMedia

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Locksley Resources Limited (ASX: LKY, OTCQX: LKYRF, FSE: X5L) (“Locksley” or the “Company”), advises that the Company will host an investor webinar to discuss the Company’s recent announcements and the next phase of its U.S expansion strategy.

DATE & TIME: Wednesday, 5th November 2025 at 11:30am AEDT / 8:30am AWST

REGISTRATION LINK: https://janemorganmanagement- au.zoom.us/webinar/register/WN_2qv_ztFDQQqRqr3xkut8DQ

The webinar will cover a series of material updates, including:

  • Receipt of Letter of Interest from the U.S Export-Import Bank (“EXIM”) for up to US$191M in potential project financing support for the Mojave Critical Minerals Project in California.1
  • Commencement of the high-resolution heli-mag and radiometrics survey to accelerate drill targeting across the Mojave Project, California.2
  • Mobilisation of the Diamond Drill rig for the upcoming El-Campo Rare Earths Program, positioned along strike from MP Materials’ Mountain Pass Mine.3
  • Production of a 100% American-made antimony ingot in decades, validating the Company’s U.S Mine-to-Metal supply chain strategy.4

Newly appointed Managing Director & CEO, Ms. Kerrie Matthews5 will present on these milestones and discuss Locksley’s next-phase growth plan and U.S strategy.

Click here for the full ASX Release

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Sarama Resources Ltd. (“Sarama” or the “Company”) (TSX-V:SWA, ASX:SRR) announces that it has filed its written Memorial (the “Memorial”) detailing the Company’s claim against the Government of Burkina Faso (“GoBF”) as well as damages for the sum of US$242 million, plus interest.

The proceedings arise from the unlawful expropriation of the Company’s Tankoro 2 Exploration Permit (the “Permit”) in Burkina Faso and follow the submission of its Request for Arbitration (“RFA”) to the International Centre for Settlement of Investment Disputes (“ICSID”) in December 2024 (refer news release dated 12 December 2024).

On 31 October 2025, Sarama filed its written Memorial comprising its statement of case, witness evidence, and expert reports with ICSID, a division of the World Bank Group, detailing the claim against the GoBF.

The Company retained Accuracy London, a qualified and experienced Quantum Expert, to provide an independent valuation to support the claim submitted to ICSID.

Next Steps

  • The GoBF is required to file its Counter-Memorial by 31 January 2026.
  • A case management conference is scheduled for 17 February 2026 during which the final Procedural Timetable will be determined and the date for the Procedural Hearing will be set.
  • This will be followed by a series of further written submissions, after which a hearing will be held in Washington D.C., United States where Sarama will present its case and supporting evidence to the Tribunal.

The Company is represented by Boies Schiller Flexner (UK) LLP (“BSF”), a leading international law firm with significant experience in investor-state arbitration and a strong track record in the natural resources sector and has a US$4.4 million four-year non-recourse loan facility in place to cover all fees and expenses related to the claim.

Sarama’s Executive Chairman, Andrew Dinning commented:

“The filing of our Memorial is a significant milestone in the arbitration process and provides a comprehensive and substantiated basis for Sarama’s claim for compensation. The Company has invested more than a decade of work and substantial capital in advancing the Sanutura Project, which was unlawfully expropriated.

We are pursuing this process to protect shareholder value and to seek a fair and just outcome under internationally recognised mechanisms. With our legal team, expert advisors and funding arrangements in place, we remain fully committed to advancing the arbitration to its conclusion.”


Click here for the full ASX Release

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Rua Gold Inc. (TSXV: RUA,OTC:NZAUF) (OTCQB: NZAUF) (WKN: A40QYC) (‘Rua Gold’ or the ‘Company’) is pleased to announce that it has engaged ICP Securities Inc. (‘ICP’) to provide automated market making services, including use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.

The Company will pay ICP a monthly fee of C$7,500 plus applicable taxes. The agreement between the Company and ICP commenced on November 1, 2025, and has an intial term of four (4) months (the ‘Initial Term’). It will automatically renew for subsequent one (1) month terms (each an ‘Additional Term’), unless either party provides at least 30 days written notice prior to the end of the Initial Term or any Additional Term. There are no performance-based factors in the agreement and no stock options or other forms of compensation are being issued in connection with the engagement. ICP and its clients may, from time to time, acquire or hold securities of the Company.

ICP is an arm’s-length party to the Company. ICP’s market making activity will be conducted primarily to correct temporary imbalances in the supply and demand of the Company’s shares. ICP will be responsible for all costs associated with buying and selling the Company’s shares, and no third party will provide funds or securities for the market making services.

OPTION GRANT

The Company granted 200,000 options (each, an ‘Option‘) to Mr. Simon Delander of the Company in accordance with the Company’s stock option plan dated July 24, 2024. Each Option is exercisable into one Common Share at an exercise price of $1.02 per Common Share for five years following the date of grant. The Options are subject to a 2-year vesting period with 100,000 Options vesting on October 20, 2026 and 100,000 Options vesting on October 20, 2027.

ABOUT ICP SECURITIES INC.

ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

ABOUT Rua Gold

Rua Gold is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of Rua Gold’s two highly prospective high-grade gold projects.

The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand’s South Island with over 120,000 hectares of tenements, in a district that historically produced over 2Moz of gold grading between 9 and 50g/t.

The Company’s Glamorgan Project solidifies Rua Gold’s position as a leading high-grade gold explorer on New Zealand’s North Island. This highly prospective project is located within the North Islands’ Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver. Glamorgan is adjacent to OceanaGold Corporation’s biggest gold mining project, Wharekirauponga.

For further information, please refer to the Company’s disclosure record on SEDAR+ at www.sedarplus.ca.

CONNECT AND SHARE

LinkedIn: https://www.linkedin.com/company/rua-gold
X: https://x.com/RuaGold
YouTube: https://www.youtube.com/@RUA_GOLD/
Facebook: https://www.facebook.com/ruagold.inc
Instagram: https://www.instagram.com/ruagold.inc/

Rua Gold CONTACT

Robert Eckford
Chief Executive Officer
Phone: +1 604 655 7354
Email: reckford@RUAGOLD.com
Website: www.RUAGOLD.com

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

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur and specifically include statements regarding: the Company’s strategies, expectations, planned operations or future actions, including but not limited to exploration programs at its Reefton and Glamorgan projects and the results thereof. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company’s control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward-looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s 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/272929

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  • Drake Maye’s MVP candidacy was tempered by two turnovers in the Patriots’ win over the Falcons.
  • The Patriots are now 7-2 and tied for first place in the AFC under new head coach Mike Vrabel.
  • Maye has recorded eight straight games with over 200 passing yards and a passer rating above 100.

FOXBOROUGH, MA – The rocket ship that is Drake Maye’s Most Valuable Player candidacy nearly took off for good Nov. 2 during the New England Patriots’ 24-23 victory over the Atlanta Falcons. 

Instead, an uneven second half and two turnovers overall poured some cold water on that hype. Maye once again turned in another admirable performance – and his inclusion in the midway MVP conversation was certainly warranted. Most oddmakers had him with the third-best chance of winning the award entering Week 9. But a 23-year-old on a team one year removed from a four-win season claiming the league’s highest individual honor may not be in the cards for Maye and the 2025 Patriots – even if expectations now include playing meaningful January football. 

“It’s tough in a game where you win and you can feel in that locker room that these guys know we can play better,” Maye said. “I think it’s a good feeling to have, but also at the same time it’s tough to win in this league, so you’ve got to enjoy it.” 

The Pats, with head coach Mike Vrabel completely transfiguring the organization’s wayward culture in a matter of months, are 7-2 and tied for first place in the AFC. Maye now has eight consecutive games with more than 200 passing yards and a passer rating better than 100. That’s the second-longest streak in NFL history and tied some guy named Tom Brady, who did it in 2007, as the best streak in team history.

The Falcons entered as the top-ranked pass defense in the league, surrendering 149 yards per game through the air. Maye had 172 and two touchdowns by halftime.

Maye pops up on lists that put him in the same stratosphere, statistically cherry-picking of course, as Peyton Manning, Aaron Rodgers, Brady and Patrick Mahomes. That he’s done it consistently over the first weeks of the season against a spectrum of opponents has to be one of the more encouraging aspects of Maye’s development. 

There’s a long way to go before he can take home the hardware that those other QBs have earned. Plus, voters will be hard-pressed to give him the award unless the Patriots finish atop the AFC; two more games against the New York Jets, one against the Miami Dolphins and one on ‘Monday Night Football’ against the New York Giants could go a long way in that sense, at least. Even if Maye is the best quarterback option, he might suffer from the anti-QB coalition that would give the award to a non-quarterback (Indianapolis Colts running back Jonathan Taylor?) for the first time since the 2012 season (Minnesota Vikings running back Adrian Peterson).

Maye’s youth, inexperience still evident in standout season

On Sunday, his first-half performance included the blemish of a fumble that was the result of poor ball control in the pocket, with rookie linebacker Jalon Walker easily dislodging it and James Pearce Jr. nearly returning it for a touchdown if not for the effort of rookie left tackle Will Campbell to chase him down. 

In the third quarter, an overthrow over the middle resulted in an interception for Falcons safety Jessie Bates. Vrabel approached his 23-year-old quarterback on the sideline, and Maye appreciates that level of coaching, as Vrabel is “always challenging me to battle adversity and get the guys going.” 

“He’s hard on me, but he’s very positive, and I think he wants the best out of me,” Maye said. “Everything that he says to me, I think it’s going to be important and become true.”

Maye’s youth and inexperience is evident even when things go well. A 12-yard scramble on the first drive of the game featured him cutting back and taking a hard hit rather than sliding once he cleared the first-down marker. Perhaps he would not have fumbled at the end of the first half had his other stiff-arm-and-scramble attempts not been as successful. Managing the hero ball moments are part of his development.  

New England converted six of its first seven third-down attempts. Some were more manageable than others, like when he needed to perfectly hit tight end Hunter Henry in the hands to pick up a third-and-7 in the first half. Or in the fourth quarter, facing a third-and-12, it was no problem – there’s Stefon Diggs for 25 yards on an absolute seed between Falcons defenders 

“He puts it in places that definitely makes it – in a tough spot – easier for us,” Henry told USA TODAY Sports. 

Maye’s accuracy has been exemplary all season. He was the third overall pick for a reason, Henry said. 

“I don’t think he’s ever not had that accuracy,” Henry said. “I think he’s just continuing to develop and continuing to make strides. He’s gaining confidence, obviously, in the system.

“We just put a lot of work in and he throws an easy ball to catch, too, so it’s nice.” 

One example of the system working for him was his first touchdown pass to DeMario “Pop” Douglas in the first quarter. Offensive coordinator Josh McDaniels – who held the same role during the golden days of the Patriots’ dynasty with Brady as his signal-caller – schemed up the first touchdown by lining Douglas up in the backfield to create a matchup with a linebacker. The wideout ran a wheel route by a defender and Maye perfectly dropped it in the bucket for six points.

“I love this team,” said Douglas, who turned in the first 100-yard game of his career. “I can’t wait to see how far we go.” 

Much of that will depend on the arms and legs of Maye.

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  • The Buffalo Bills defeated the Kansas City Chiefs 28-21, marking their fifth consecutive regular-season win against them.
  • The loss drops the Chiefs to a 5-4 record, putting them two games behind the division-leading Denver Broncos.
  • The Bills’ victory keeps them in contention in the AFC East, just behind the New England Patriots.

ORCHARD PARK, NY – Round 10 is in the books.

It happened again. The Buffalo Bills topped the Kansas City Chiefs again at Highmark Stadium on Nov. 2, marking the 10th meeting between the teams since 2020 with a convincing 28-21 effort that proved, well, they can still knock off Patrick Mahomes & Co. in the regular season. That’s five in a row, by that measure.

See ya again in January? Well, maybe. Maybe not. It’s not so automatic this time that the next sequel will come in the AFC playoffs again.

If the playoffs started tomorrow, the Chiefs would be sitting at home.

Sure, that’s a strange thought. Kansas City has advanced to the AFC Championship Game in every season that Mahomes has been the starting quarterback and has won nine consecutive AFC West titles.

Yet the setback on Sunday – coupled with a Denver win at Houston – left the Chiefs (5-4) two games behind the division-leading Broncos.

Sure, it’s only midseason. There’s plenty of football left. The Chiefs have two head-to-head meetings with Denver on tap.

But there’s a whole lot less room for error. That was the prospect for whichever team lost as arguably the NFL’s most compelling rivalry resumed before the typically rabid Bills Mafia. For the first time in this heavyweight rivalry pitting Mahomes against Josh Allen, the NFL’s reigning MVP, neither team was in first place.

Unlike previous encounters, the outcome couldn’t be projected as a crucial swing factor that might determine the No. 1 seed in the AFC playoffs.

Survival was the ticket, which fueled a playoff-like atmosphere. The Bills (6-2) survived to remain a half-game behind the revitalized New England Patriots (7-2) in the AFC East. And the margin is actually bigger than that, when considering the tiebreaker edge the Patriots claimed by winning here in Week 5.

In any event, Buffalo’s survival was effectively clinched with rookie cornerback Maxwell Hairston’s interception of a deep Mahomes heave with just over four minutes to play. It doused Kansas City’s hope for a huge comeback after the Chiefs put together a 66-yard TD drive early in the fourth quarter – which include Mahomes converting on a fourth-and-17 pass that was the longest fourth-down conversion of his career – that was capped by Travis Kelce’s grab of a two-point conversion.

Yet the Bills defense, despite a manpower shortage that included the absence of star D-tackle Ed Oliver (torn biceps) and a secondary that has had tremendous challenges all season, didn’t wilt in crunch time.

Throughout the game, it kept heat on Mahomes, who entered the contest with a streak of three consecutive games with three TDs. He left the game with zero TD throws, his lowest passer rating of the season (57.2), and for the first time in his career didn’t complete 50% of his passes (15-of-34).

Still, Mahomes, who once stung the Bills in the playoffs by leading a field goal drive in 13 seconds, had a last-gasp chance at a miracle, but two final heaves to the end zone were batted down by Cole Bishop and Hairston, respectively.

Tough defense was just part of the formula. James Cook rushed for 114 yards on 27 carries – the first running back to top 100 against the Chiefs defense since Christmas 2023 – a week after shredding Carolina for 216 rushing yards.

Allen threw 26 passes and had just three incompletions, with a TD pass and 123.2 rating. He also rushed for 2 TDs. Dalton Kincaid, the mobile tight end, was the receiving tight end with 101 yards on six receptions.

And Bills coach Sean McDermott made some shrewd decisions that paid off.

See them again in January. History suggests that the Chiefs lose to Buffalo in the regular season and break the Bills hearts in January, which has happened with four consecutive playoff wins.

We’ll see. As it stands now, history guarantees nothing at the this point.

And the Bills will surely will take that.

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The Washington Commanders’ season is an exercise in Murphy’s Law – whatever can go wrong, will go wrong.

Jayden Daniels has already been bitten by the injury bug in 2025, but it came back for seconds in Week 9. The quarterback had a tough night at the office in his return to game action, but it was cut short halfway through the fourth quarter.

The Commanders were down 38-7 at the time of Daniels’ injury, but the scene didn’t look particularly good at Northwest Stadium.

Here’s what to know about the Commanders quarterback:

Jayden Daniels injury update

Daniels suffered a left elbow injury on ‘Sunday Night Football’ in Week 9. Head coach Dan Quinn said after the game that he didn’t have a further update on the quarterback.

Considering the team was facing a 31-point deficit at the time of the injury, Quinn was asked whether there was any consideration of removing the quarterback to prevent potential injury.

‘Not at that space … you don’t want to think that way where an injury can take place,’ Quinn said.

Daniels was helped off the field with his left arm in a cast. He exited with 7:29 remaining in the fourth quarter and was seemingly in a lot of pain.

The quarterback’s arm was twisted backward, and there was immediate concern on the field. He was later helped to the locker room and taken for X-rays, according to the NBC broadcast.

Daniels was making his return on ‘Sunday Night Football’ after missing the last game with a hamstring injury. The 2024 Offensive Rookie of the Year has already missed three games this season.

He previously missed Week 3 and Week 4 with a knee injury.

Marcus Mariota, who started the previous games in Daniels’ absence, came on in relief for the Commanders’ star.

Commanders QB depth chart

  1. Jayden Daniels (injured)
  2. Marcus Mariota
  3. Josh Johnson

Daniels is the unquestioned starter in Washington. As he goes, the Commanders go. He is the face of the franchise and one of the league’s brightest young stars.

It’ll be difficult for Washington to continue their playoff chase without their starter under center.

Mariota figures to continue starting, while Johnson serves as the backup if Daniels is forced to miss an extended period.

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It’s at this point where everyone falls in line, where 10 weeks of varying college football polls suddenly — almost magically, really — become oddly similar.  

Now it’s up to the College Football Playoff selection committee to figure it all out. And they were given the ‘tools’ to do just that.

In theory, anyway.

“This team just won’t go away,” Georgia coach Kirby Smart said after his team beat Florida late, and now hopes a resume of come-from-behind wins will plant it somewhere near the top four of the first CFP poll of the season.

Or exactly where Georgia is in both the US LBM Coaches and Associated Press polls. Those two polls played a game of footsie for two months, before falling into the comfortably numbing annual regurgitation of mirroring.

That mirroring and slotting by wins is what the commissioners of the Big Ten and SEC ― you know, conferences who run the sport ― spent all offseason talking about. They floated ideas to change the CFP selection committee, eliminate it, and give it stronger metrics. They settled on new metrics.

New metrics, you say? Well, it’s complicated.

The selection committee is now supposed to consider good wins and bad losses, and bad wins and good losses. Basically, just analyze the schedule and not simply slot teams based on wins.

The committee’s first chance to embrace that concept is Tuesday night, with its first poll of the season. But if history tells us anything, the CFP selection committee poll will closely resemble the media polls until the final poll of the season ― when the eye test supersedes all.

Until then, get ready for the copycat show.    

The first 10 teams of the two media polls are identical, and the final two — it’s a 12-team CFP format — are swapped. Virginia is No. 11 in the coaches poll, and No. 12 in the AP poll, and Oklahoma is its opposite. 

Anyone who believes Virginia is one of the top 12 teams in college football hasn’t been watching Virginia. But that’s another Indiana story (circa, 2024) for another time. 

A look at the projected CFP poll, with the real deal set to arrive shortly. Remember, these are the 12 best teams (we’ll figure out the five automatic qualifiers after the fact).

Projected CFP bracket rankings

1. Indiana: If we’re being intellectual honest, it’s Indiana and a long way to No. 2. No one else has been so impressive. Next: at Penn State.   

2. Texas A&M: Aggies coach Mike Elko continues to pound the drum of ignoring the past. This isn’t your grandaddy’s Texas A&M — or Jimbo Fisher’s. Next: at Missouri.

3. Ohio State: For those harping on Ohio State’s strength of schedule, the combined record of FBS opponents is 35-24. Better than some in the Top 12, worse than others. Next: at Purdue. 

4. Alabama: The bye week arrived perfectly after a run of four straight games against ranked teams, and an SEC road game. It’s essentially a one-game schedule (Oklahoma, Nov. 15) on the way to the SEC championship game. Next: vs. LSU.

5. Oregon: Ducks return from the bye with a difficult November, including two difficult road environments (Iowa, Washington). Next: at Iowa. 

6. Georgia: How much longer can Georgia continue to rely on fourth quarter (or overtime) comebacks? Better not get behind this week, on the road, against a team that’s beginning to believe. Next: at Mississippi State. 

8. Texas Tech: Don’t underestimate going on the road and beating surging K-State. All eight wins have been by at least 23 points. Next: BYU.

9. Texas: For three quarters, Texas played its best game of the season against a hot team (Vanderbilt). Then almost blew it. Not buying it just yet. Next: Bye. 

10. Notre Dame: Lost both difficult games on the schedule (Miami, Texas A&M), but had chances to win both. A cakewalk November to 10 wins. Next: Navy.

11. Oklahoma: Sooners in their own personal playoff in November. Win out, and they’re in (at Alabama, Missouri, LSU). Lose once, and it’s going to be difficult to make the CFP. Next: Bye. 

12. Vanderbilt: The classic potential 10-win team that might be left out. The problem: all anyone will remember is the ugly loss to Texas — no matter what the final score says. Next: Auburn.

CFP updated bracket projection

Five automatic qualifiers

  • Indiana (projected Big Ten champion), Alabama (SEC), Texas Tech (Big 12), Louisville (ACC), South Florida (Group of 6).

First round byes

  • Indiana, Ohio State, Texas A&M, Alabama.

The first round

  • (12) South Florida at (5) Oregon
  • (11) Louisville at (6) Georgia
  • (10) Notre Dame at (7) Ole Miss
  • (9) Texas at (8) Texas Tech

When will first 2025 CFP rankings be released?

The first College Football Playoff rankings will be announced between 8-8:45 p.m. ET on Tuesday, Nov. 4 on ESPN, which will drop all the CFP rankings.

Matt Hayes is the senior national college football writer for USA TODAY Sports Network. Follow him on X at @MattHayesCFB.

Keep up with the latest news and analysis from college football’s top two conferences: Check out our Big Ten Hub and our SEC Hub to get school-by-school coverage from across the USA TODAY Network.

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Denny Hamlin could see the finish line; only three laps remained from finally, FINALLY realizing his championship dreams.

And then, in the blink of an eye, everything changed.

After 20 full-time seasons and 60 race wins, Hamlin was moments away from his first title, holding nearly a 3-second lead over his closest pursuer in the 2025 NASCAR Cup Series Championship Race at Phoenix Raceway. And then a caution flag flew.

Fellow championship contender William Byron slammed into the Turn 4 wall when his right front tire went down, bringing out the yellow and sending nearly every car to pit road for fresh tires with Hamlin leading the field.

Hamlin’s crew changed all four tires on his No. 11 Joe Gibbs Racing Toyota, but fellow Championship 4 driver Kyle Larson took just two tires on his No. 5 Hendrick Motorsports Chevrolet and that made all the difference. Because of the faster pit stop, Larson restarted fifth and Hamlin 10th.

With just a two-lap overtime shootout facing the drivers, those positions mattered a lot. So did the Championship Race format, where a title could be secured without winning the race, just finishing better than the other three final four drivers.

In the end, Larson didn’t win the race – that honor went to 2023 NASCAR champion Ryan Blaney – but he did enough to hold off Hamlin, who had the dominant car throughout the 319-lap season finale.

It was a crushing blow to Hamlin, a future Hall of Famer, who remains the ‘Best Driver to Never Win a Championship.’

“Just numb,” Hamlin said after the race. “I feel like there’s still some racing left. I can’t believe it’s over but there’s nothing I can do. Suck it up and it’s just another year.”

But this year may have been the 44-year-old’s best opportunity of his long, illustrious career. His 60 career wins rank 10th on NASCAR’s all-time list. He led the Cup Series with sixth wins 2025. He started on the pole Sunday. He had the fastest car all day – not just among the Championship 4 drivers but the entire field.

“Nothing I can do different. Prepared as good as I could coming into the weekend,” a clearly disappointed Hamlin said. “My team gave me a fantastic car. Just didn’t work out. I was just praying that no caution. Had one there. What can you do? Just not meant to be.

“We took four tires. I thought that definitely was the right call. Just so many cars took two there. Obviously put us back. Team did a fantastic job. They prepared a championship car. Just didn’t happen.”

Hamlin entered the championship race as the sentimental favorite, despite occasionally leaning into a “villain” role as he embraced the boos from some fans throughout the season. The boos could be heard during driver introductions Sunday but so could the cheers as the fans at the Avondale, Arizona, racetrack understood that Hamlin could finally capture the one item missing from his distinguished résumé.

And now Hamlin, his team, and NASCAR fans will be left to ponder if Hamlin will get another chance to win a championship.

“I’ll try,” Hamlin said when he asked if he could do this again. “I got a couple more shots at it. Man, if you can’t win that one, I don’t know which one you can win.”

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