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Heritage Mining Ltd. (CSE: HML) (FRA: Y66 ) (‘ Heritage ‘ or the ‘ Company ‘) is pleased to announce an exploration update on Zone 3 Extension Mega-Quartz Vein System at its Flagship Drayton-Black Lake Project (‘DBL’). Which has confirmed broad gold zone within a newly discovered ~74m wide quartz vein system (true width unknown) associated with a magnetic anomaly that extends for ~4km along strike length and is up to 200m in width (Figure 2) at its flagship Drayton Black Lake Project September 9, 2025 press release.

DBL Exploration Program Highlights:

  • Aggressive Soil/Till Orientation Survey (Figure 1) over Zone 3 Extension Area
  • Follow-up Soil/Till Survey – success based on Orientation Survey (Figure 1) expected Q4 2025
  • Outcrop/Vein stripping permit received above HML25-013 (Figure 2)
  • Initiate a structural Study of the Mega-Quartz Vein System (Figure 2)
  • Diamond Drilling Q4, 2025/Q1 2026 (Figure 3)

‘We are eager to further explore the newly discovered Zone 3 Extension Mega-Quartz Vein Structure systematically. Our team has developed a comprehensive approach to further exploring this area as well as broader exploration programs before winter. I would like to thank the exploration team for their strong efforts in the discovery of a such wide vein system.’ Commented Peter Schloo , President, CEO and Director of Heritage Mining Ltd.

Discussion of Exploration Program

Soil/Till Program

The purpose of the soil and till program is to Rapidly evaluation the newly identified Zone 3 Extension – Mega Quartz Vein Structure as well as a broader evaluation of Alcona , Zone 10, Zone 3, and New Millennium with a terrain-aware B-horizon program. Bias sampling toward stable, well-drained eluvial–illuvial positions where podzolic Bf/Bh horizons preserve pathfinder chemistry. Soil/till program will be solidified following an orientation survey of key areas. The outcome of this program is to identify Pathfinders for each target defined and identify near surface mineralization footprint across target areas.

Stripping and Structural Evaluation

The Company has received a stripping permit for the area above HML25-013 along the newly identified Zone 3 Extension – Mega Quartz Vein Structure. Stripping this area with follow on sampling and structural evaluations are planned for the Company’s 2025 Exploration program at DBL. The result of this program is to further evaluate the structural discovery at surface to better prioritize further targeting methods.

Scout Diamond Drilling

Additional scout diamond drilling is planned for the 2025 exploration program at the newly identified Zone 3 Extension – Mega Quartz Vein Structure. Following the completion of Soil/Till Program and Stripping and Structural Evaluation the Company intends to commence scout drilling with additional data. The Company may initiate the scout drilling program earlier depending on additional internal evaluation.

Conclusion

The discovery of a broad gold zone in the the newly identified Zone 3 Extension – Mega Quartz Vein Structure warrants additional systemic exploration to further develop our discovery model.

Qualified Person

Stephen Hughes P. Geo , Strategic Advisor for the Company, serves as a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed the scientific and technical information in this news release, approving the disclosure herein.

Technical Program

Heritage Mining adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses.  Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.

Sampling, Sub-sampling, and Laboratory Analysis for Heritage Mining Drayton Black Lake Project All drilling at the Drayton Black Lake project recovers NQ core. Drill core is systematically split in half using a diamond saw. A qualified geologist examines the drill core, marking intervals for sampling and indicating the cutting line. Sample lengths are typically 1.0 metre, adjusted to a minimum length of 0.5 metre as necessary to respect lithological and/or mineralogical contacts and to isolate narrow veins or structures that may contain higher-grade mineralization.

Technicians saw the core along the cutting lines determined by the geologist. One half of the core is retained as a witness sample, while the other half is submitted for analysis. Individual sample bags are securely sealed and placed into sealed bags, which are then clearly marked with their contents.

Heritage Mining submits samples for gold determination by PhotonAssay to ALS Canada Ltd. (‘ ALS ‘). ALS operates under a commercial contract with Heritage Mining.

Drill core samples are shipped to ALS for sample preparation at their facilities in Thunderbay Ontario. ALS is an ISO/IEC 17025:2017 accredited laboratory for the PhotonAssay method in addition to a variety of diverse metal determination methods.

Analytical Procedures

The ALS procedure for PhotonAssay involves lab applying preparation codes LOG-21 (sample logging via barcode), CRU-31 (fine crushing so that 70% passes through a 2mm screen) and SPL-32a (rotary splitting of a representative ~500g subsample)  followed by analytical code Au-PA01 which is a non-destructive gold analysis method using high-energy X-rays with a gold detection range from 0.03 ppm to 350ppm.

After gold assays are returned, Heritage then may choose to perform multi-element assays on selected samples based on the gold results. In these cases, sample preparation codes FND-05 (locate and use remaining crushed material from Au-PA01) and PUL-32m (pulverization so that >85% passes 75 µm screen) are then applied followed by analytical code ME-MS61 (multi-element ICP-MS analysis for base metals, pathfinder elements, lithophile elements and rare earth elements).

________________________________________
Quality Assurance/Quality Control (QA/QC)

The drill program design, QA/QC, and interpretation of results are performed by qualified persons employing a rigorous QA/QC program consistent with industry best practices. Standards and blanks account for a minimum of 10% of the samples, in addition to the laboratories’ internal quality assurance programs.

Quality Control data are meticulously evaluated upon receipt from the laboratories for any failures. Appropriate corrective action is taken if assay results for standards and blanks fall outside allowed tolerances. All results disclosed by Heritage Mining have successfully passed the Company’s stringent quality control protocols.

The Company does not recognize any factors of drilling, sampling, or recovery that could materially affect the accuracy or reliability of the assay data disclosed. The assay data disclosed in this press release have been verified by the Company’s Qualified Person against the original assay certificates.

Heritage Mining notes that it has not completed any economic evaluations of its Drayton-Black Lake Project, and the project does not currently have any resources or reserves.

ABOUT HERITAGE MINING LTD.

The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario . The Drayton Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt. Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community.

FORWARD-LOOKING STATEMENTS

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘forecast’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘targeting’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’, ‘outlook’ and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company’s projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada , the United States , or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

SOURCE Heritage Mining Ltd.

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(TheNewswire)

Vancouver, British Columbia / September 11, 2025 ‑ TheNewswire – Harvest Gold Corporation (TSXV: HVG,OTC:HVGDF) (‘ Harvest Gold ‘ or the ‘ Company ‘) announces that, subject to the approval of the TSX Venture Exchange (the ‘ Exchange ‘), it has arranged a non-brokered private placement of up to 6,666,667 units of the Company (‘ Units ‘) at a price of $0.075 per Unit for aggregate gross proceeds of up to $500,000 (the ‘ Private Placement ‘).

Harvest Gold President and CEO, Rick Mark, states: ‘One of our investors in the recently completed Private Placement has asked if we would accept a larger investment with the same terms. The board of directors of the Company has approved the request as it will allow us to do prospecting, mapping and geo chemistry on areas in the southern part of Mosseau and on LaBelle with the goal of providing new drill targets this year. It also provides us flexibility should we wish to add meters to the current drill program at Mosseau.’

Each Unit will consist of one common share in the capital of the Company (each, a ‘ Share ‘) and one transferable common share purchase warrant (each, a ‘ Warrant ‘). Each Warrant will entitle the holder thereof to acquire one additional Share (each, a ‘ Warrant Share ‘) at a price of $0.12 per Warrant Share for a period of two years following the closing date of the Private Placement.

The Company anticipates using the proceeds from the Private Placement for exploration expenses on its properties in the Urban Barry area of Quebec, Canada, and general working capital.

All securities issued will be subject to a four-month hold period pursuant to securities laws in Canada and, where applicable.  Finders’ fees may be payable to qualified parties.

About Harvest Gold Corporation

Harvest Gold has three active gold projects focused in the Urban Barry area, totalling 329 claims covering 17,539.25 ha , located approximately 45-70 km east of the Gold Fields Windfall Deposit.

Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay and Abitibi territories.  Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark
President and CEO
Harvest Gold Corporation

For more information please contact:

Rick Mark or Jan Urata
@ 604.737.2303 or
info@harvestgoldcorp.com

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

Forward Looking Information

This news release includes certain statements that may be deemed ‘forward looking statements’. All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold 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.

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by 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.

The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’), or any applicable securities laws of any state of the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act) or persons in the United States unless registered under the U.S. Securities Act and any other applicable securities laws of the United States or an exemption from such registration requirements is available.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities within any jurisdiction, including the United States.  Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

NOT FOR DISTRIBUTION OR DISSEMINATION TO THE UNITED STATES

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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The New York Yankees held a moment of silence in remembrance of Charlie Kirk before Wednesday’s game against the Detroit Tigers.

Kirk was shot and killed during a speaking event at Utah Valley University in Orem, Utah, earlier in the day.

He was a right-wing talk show host who founded Turning Point USA, a conservative youth-focused organization, in 2012.

He also spoke at the Republican National Convention in Milwaukee in 2024. 

Kirk was a known ally of President Donald Trump, who confirmed Kirk’s death after the shooting on the college campus.

Trump is scheduled to make an appearance at Yankee Stadium, where the team is expected to hold a pregame ceremony to recognize the victims and heroes of 9/11.

This post appeared first on USA TODAY

  • The Big Ten currently distributes revenue almost equally, with most members receiving about $63.2 million in 2024.
  • Other conferences, like the ACC and Mountain West, have already adopted tiered revenue distribution based on viewership or brand value.
  • Ohio State may face resistance from other Big Ten schools who would be unwilling to accept a smaller share of the revenue.

Ohio State is open to the possibility of changes to the Big Ten’s current revenue-sharing arrangement and how the university approaches athletics department funding, school president Ted Carter told USA TODAY Sports.

“I will say that there’s only a couple of schools that really represent the biggest brands in the Big Ten, and you can see that by the TV viewership,” said Carter.

Ohio State is not the first school to push for different levels of revenue sharing, nor would the Big Ten be the first to disburse tiered amounts of annual payouts.

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The Mountain West distributes more money to Boise State because of a carveout related to television revenue that pays the Broncos an additional $1.8 million per season. (Boise is poised to join the Pac-12 in 2026.) The ACC recently adopted a system that will distribute 60% of TV revenue based on a weighted five-year average of viewership.

But there are a few major differences between the steps taken by those conferences and the potential fallout should Ohio State push the Big Ten to adopt a dramatically different and likely very controversial new model.

What is the Big Ten’s current revenue model?

The Big Ten had just over $928 million in total revenue and distributed about $63.2 million to each of the league’s dozen longest-standing members during the 2024 fiscal year, according to federal tax records.

That total is more than what schools received in the SEC. Records released in February showed that league distributed about $52.5 million in 2024 to every school except first-year members Oklahoma and Texas.

Looking ahead, the Big Ten’s per-school payout for 2025 is likely to be around $75 million for every member except for Oregon and Washington, whose shares are being phased in over seven years.

And these per-member payouts are expected to continue to grow. Wisconsin’s athletics department made a presentation to a university committee during the spring that projected just under $82.6 million in revenue during the 2026 fiscal year, according to the Wisconsin State Journal.

Would Big Ten members accept a new model?

No, they would not — or not happily, at least. Here’s where major differences stand out when looking at steps taken by the Mountain West and ACC.

The Big Ten is not hurting financially; the opposite is true, actually. There is no rancorous debate over buyout numbers or the league’s grant of rights deal, as was the case in the ACC. While the Buckeyes may claim otherwise, there is not one single team responsible for the Big Ten’s reputation and national draw, as Boise State successfully argued with the Mountain West.

Getting the Big Ten to make a seismic change in revenue distribution would require a cut in the annual revenue of the Buckeyes’ fellow members. Even if revenue is soaring, that would be very difficult for the rest of the conference to accept.

Would Michigan and Penn State be OK with taking money out of their pockets to send to Columbus? Would this arrangement be acceptable to schools such as Purdue, Rutgers, Maryland and others near the bottom of the Big Ten power structure?

This would clearly be an extremely difficult sell.

Does Ohio State really have bargaining power?

Ohio State is one of college sports’ elite brands, capable of moving the needle on any number of key topics in a manner unmatched by all but a few members of the NCAA.

But there is a very real question about the Buckeyes’ bargaining power in terms of truly pushing for an altered revenue model. The reason for that is simple: OSU has nowhere to go.

Florida State and Clemson were able to push the ACC into changes by essentially dangling the threat of leaving the conference. That was a real concern for the ACC, not only because of the potential loss of two flagship members but because schools such as Miami and North Carolina would almost certainly follow the Seminoles and Tigers out the door. The same fear does not exist in the Big Ten.

And FSU, Clemson and others could’ve knocked on the doors of the Big Ten or SEC offices. Ohio State is obviously not going to leave for the SEC. So should the Buckeyes push for more revenue and the Big Ten balks, where would they go? The NFC South?

The landscape-shifting fallout of an Ohio State move

Let’s say OSU is unable to sway the Big Ten. The school’s only real move would be to push for the creation of one or two super leagues, which would create the biggest shakeup to college football since the Division I split in 1978.

Again, the Buckeyes are one of only a few schools capable of officially putting this topic on the table.

They should find many Power Four schools willing to at least have the conversation. The top programs in the SEC could be persuaded by the possibility to add millions of dollars in annual revenue — as we’ve seen in recent years, just about every single move taken by schools and conferences has been driven by finances.

Likewise with high-profile Big Ten teams, who would push back at changing the league’s revenue structure but could be more willing to follow OSU into a super conference occupying the current Big Ten footprint.

This is the possible fallout that frightens the majority of NCAA members: After trying and failing to obtain more revenue than the rest of the Big Ten, Ohio State takes a drastic step that could create permanent change to college football.

This post appeared first on USA TODAY

  • NBA commissioner Adam Silver said he expects to have All-Star Game tweaks approved by the start of the 2025-26 regular season.
  • Silver confirmed that the NBA was looking at a structure he referred to as a ‘Ryder Cup-type format.’
  • The 2026 NBA All-Star Game will be played Sunday, Feb. 15 at the Intuit Dome in Los Angeles.

NEW YORK — Expect changes to the NBA All-Star Game to be formalized very soon.

After news emerged last week that the league had honed in on a round-robin tournament structure featuring domestic players against international ones, NBA commissioner Adam Silver said Wednesday, Sept. 10 that he expects to have the tweaks approved by the start of the 2025-26 regular season on Oct. 21.

“The goal is to have the new format in place by the opening of the regular season,” Silver said upon the conclusion of the Board of Governors session at the St. Regis Hotel in Midtown Manhattan. “I think there’s something to that, that once the season starts everyone should understand the rules of the road and what we’re looking at for All-Star this year. That would be our goal.”

Silver confirmed that the NBA was looking at a structure with a pair of teams featuring domestic players and one consisting of international stars, something he referred to as a “Ryder Cup-type format of U.S. against international,” alluding to the golf tournament. Each team will have eight players, and 12-minute quarter games will be played. He said the structure had been discussed with the Competition Committee, and that it was raised with the Board of Governors at the meetings this week.

This is a departure from the format at the 2025 All-Star Game in San Francisco, which saw a mini-tournament with four teams competing in three games. Silver has been outspoken about the format being “a miss.”

Silver also added that the NBA is working alongside the National Basketball Players Association and executive director Andre Iguodala to finalize the revised format.

“I think they have the same interest we do in having a more exciting and engaging All-Star,” Silver said. “None of us have shied away from acknowledging our disappointment of what we’ve seen on the floor the last few years. It’s an odd situation because it’s not just us and the Players Association, but even the players individually are acknowledging, ‘Yeah, this is not the best foot forward for the league.’ ”

Although the NBA is fully leaning into the U.S. versus World format, one of the four teams at last season’s event was comprised mostly of international superstars. That team, Chuck’s Global Stars, had players like Shai Gilgeous-Alexander, Nikola Jokić and Victor Wembanyama, though it also had domestic players like Donovan Mitchell and Trae Young.

The NBA is also looking to capitalize on the potential momentum of international competition, with the All-Star break coming right in the middle of the Winter Olympics, which will be held in Milan Cortina.

“I will say I’m hopeful,” Silver said. “I know I’ve stood up before all of you before and said, we fixed it, we got it, it’s going to work this year. So I don’t want to overpromise. But I feel pretty good about it.”

The 2026 All-Star Game will be played Sunday, Feb. 15 at the Intuit Dome in Los Angeles, the home arena of the Los Angeles Clippers.

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President Donald Trump is scheduled to attend the New York Yankees’ home game against the Detroit Tigers on Thursday, Sept. 11.

The Yankees are expected to hold a pregame ceremony to recognize the victims and heroes of 9/11.

The president has made appearances at several sporting events this year, including the US Open men’s tennis final on Sept. 7 and several UFC events.

His arrival caused an increased presence of Secret Service, who are usually at the scene of the event with dogs on hand before the president’s arrival.

The Yankees encourage anyone with a ticket for the game to arrive early because of the enhanced security measures around Yankee Stadium.

The stadium gates are scheduled to open at 4 p.m. ET, three hours before the scheduled first pitch.

The biggest stories, every morning. Stay up-to-date on all the key sports developments by subscribing to USA TODAY Sports’ newsletter.

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  • Notre Dame’s playoff chances are on the line in their upcoming game against Texas A&M after an opening loss to Miami.
  • Clemson faces a crucial game against Georgia Tech following a disappointing start to the season.
  • The matchup between No. 3 Georgia and No. 15 Tennessee will significantly shape the SEC championship race.

Ten wins seems like the magic number for the College Football Playoff, based on the first year of the expanded format. But while that’s a solid limbo bar to separate the cream of the crop in the Power Four from mere playoff contenders, the who, where and how of those wins matter.

No. 8 Notre Dame hosts No. 16 Texas A&M this weekend after losing 27-24 to No. 6 Miami in the season opener. Down the line, the Hurricanes could win the ACC and capture a top-four playoff seed, taking the sting out of that result for the Fighting Irish.

Think back to last season: Notre Dame survived an awful loss to Northern Illinois to make the playoff and advance all the way to the national championship game. Clearly, a single loss to Miami won’t sideline the Irish if they take care of business against a schedule that features only one additional opponent ranked in this week’s US LBM Coaches Poll in the Aggies.

Southern California might crack the Top 25 when the Trojans visit South Bend in October. Likewise with North Carolina State. By the time November comes around, Navy and Pittsburgh could be in the mix for national rankings. These same teams might also hover around bowl eligibility and do little to bolster Notre Dame’s credentials.

One loss in September is survivable against this schedule; two losses right out of the gate would paint an entirely different picture.

As they head into Saturday, the Irish have to embrace the reality of this matchup: Losing to A&M would deal a potentially devastating blow to Notre Dame’s playoff hopes — not a fatal blow, maybe, but one that would leave the defending national runner-up in a serious bind even with months to go before the playoff bracket is released in early December.

That puts the Irish under the spotlight as we look at the team, game, coach and quarterback facing the most pressure heading into Week 3 of the 2025 season

Team: No. 11 Clemson

It’s been a nightmarish two weeks for the preseason ACC favorites, with a disappointing loss to No. 4 LSU followed by an often ugly, tighter-than-expected win against Troy. And this feels like a continuation of a distressing trend: Clemson has now dropped three of five dating to last season.

Through these two games, the Tigers have scored just four touchdowns while ranking 120th in the Bowl Subdivision in yards per game and 95th in yards per play. Stumbling out of the gate has handed ACC front-runner status to the Hurricanes and raised another round of serious questions about this team’s viability as a championship contender.

You can pretty much write off the Tigers with a loss Saturday at Georgia Tech, which has started out with wins against Colorado and Gardner-Webb. A second defeat in three weeks would require Clemson to run the table from here to justify at-large playoff consideration and could demand an unblemished finish simply to reach the ACC championship game.

Game: No. 3 Georgia at No. 15 Tennessee

There’s still a sense of unknown circling around both teams, mostly because of the wins each has posted through two weeks: Georgia has beaten Marshall and Austin Peay, while Tennessee has topped Syracuse and East Tennessee State. The Volunteers have better looked the part, though, scoring a combined 117 points while averaging 605 yards per game, second best in the Bowl Subdivision.

Nasty weather and an extended pregame delay impacted how the Bulldogs looked in the win against Austin Peay. The offense is still adjusting to the tweaks in scheme and approach implemented to better suit new quarterback Gunnar Stockton. Overall, Georgia brought back seven starters, with four additional players with starting experience brought in through the transfer portal.

Some early-season struggles aren’t unexpected. And these hiccups might also be a byproduct of Georgia trying to hamper Tennessee’s ability to prepare by playing things closer to the vest against a pair of overmatched opponents.

The result in Knoxville will shape the direction of the SEC race. The Bulldogs can erase any doubt and give themselves room for error against a slate highlighted by No. 7 Texas, No. 13 Mississippi and No. 18 Alabama. The Volunteers can establish prime playoff positioning against a schedule that includes just two more ranked teams in the Crimson Tide and No. 16 Oklahoma.

Coach: Billy Napier, Florida

Napier is on borrowed time after the Gators’ 18-16 loss to South Florida, which included a botched three-and-out possession late in the fourth quarter that helped spark the Bulls’ massive upset.

His overall record speaks for itself: Napier is 20-20 in three-plus seasons at Florida, giving him the lowest winning percentage of any coach with at least 30 games of experience at Florida during the modern era. Last weekend’s loss was the program’s first at home against a school from Florida other than Florida State or Miami since Stetson in 1938.

Given the Gators’ schedule, the odds of Napier returning for another year are nearly infinitesimal. The gauntlet of eight matchups against teams in this week’s Coaches Poll starts on Saturday night at LSU, which is close to a must-win game any Power Four coach will face in September.

The Gators have dropped six of seven in Baton Rouge and haven’t won two in a row in this rivalry since 2008-9.

Quarterback: Arch Manning, Texas

No FBS quarterback is becoming more familiar with wall-to-wall scrutiny. While not unexpected – his name, his reputation, the fact that he’s the starter at Texas all play a role — the parsing of every Manning throw is vastly greater than the attention heaped on any other player in the FBS.

He accounted for five scores in last week’s win against San Jose State, a big uptick in production from the opener against No. 1 Ohio State. But Manning was still under fire for things seemingly as innocuous as his grimace after misfiring a sidearm throw against the Spartans. (Steve Sarkisian said this week that Manning “doesn’t have any” injuries.)

The SJSU win still progress for the first-year starter. He’ll have to continue that improvement in what should be another rout, this time against Texas-El Paso. The Miners allowed 233 yards on 8.3 yards per attempt in a loss to Utah State and then gave up 295 yards on 8.2 yards per throw in last Saturday’s win against Tennessee-Martin.

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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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