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western copper and gold corporation (‘Western’ or the ‘Company’) (TSX: WRN) (NYSE American: WRN) is pleased to announce that it has strengthened its relationship with Mitsubishi Materials Corporation (‘Mitsubishi Materials’).

Western has entered into an amended and restated investor rights agreement (the ‘Agreement’) with Mitsubishi Materials, most notably extending the rights and obligations thereunder until May 30, 2026 , subject to Mitsubishi Materials acquiring 2 million common shares of the Company through open market purchases. These purchases will be non-dilutive to existing shareholders, as no new shares will be issued by the Company. Upon completion, Mitsubishi Materials’ equity ownership in Western is expected to return to approximately 5%.

‘Mitsubishi Materials have been a supportive partner, and we are pleased to see them grow their ownership in Western,’ said Sandeep Singh , President and CEO. ‘Their continued support through this proposed new investment, made through non-dilutive, open market purchases, is another vote of confidence in the team and the Casino Project. The corresponding extension of rights reflects the productive and aligned relationship we’ve built, and we look forward to continuing to collaborate as we advance one of Canada’s most important critical minerals projects.’

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada’s premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

‘Sandeep Singh’

Sandeep Singh
President and CEO
western copper and gold corporation

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively ‘forward-looking statements’) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘plans’, ‘projects’, ‘intends’, ‘estimates’, ‘envisages’, ‘potential’, ‘possible’, ‘strategy’, ‘goals’, ‘opportunities’, ‘objectives’, or variations thereof or stating that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding Mitsubishi Materials acquiring additional common shares of the Company.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company’s performance; and other risks and uncertainties disclosed in the Company’s annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company’s annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company’s views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.

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SOURCE western copper and gold corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2025/15/c9765.html

News Provided by Canada Newswire via QuoteMedia

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Sudan’s Rapid Support Forces (RSF) seized control of a major camp for displaced people in North Darfur, the paramilitary group said on Sunday, after a four-day assault the government and aid groups have said left hundreds dead or wounded.

The fighting has centered around the Zamzam camp, which, along with the nearby Abu Shouk camp, hosts some 700,000 people displaced by Sudan’s war. The assault has destroyed shelters, markets, and healthcare facilities, aid groups said.

The RSF said the camp was being used as a base by what it called “mercenary factions.” But humanitarian groups denounced the assault as a targeted attack on vulnerable civilians, including women, children and elderly people, who are already facing famine.

The Sudan Liberation Army (SLA), a Darfur militia allied to the national army, has been fighting the RSF around the city of al-Fashir, around 15 km (9.3 miles) from Zamzam, with the help of other local armed groups.

Tens of thousands of camp residents have fled to al-Fashir on foot, overwhelming shelters, and are now sleeping outdoors without food, water, or medicine, SLA spokesperson El-Sadiq Ali El-Nour said on Sunday.

The city – the capital of Sudan’s North Darfur province – came under heavy shelling and RSF ground attacks on Sunday, the SLA said, calling for military support from Sudan’s armed forces and allied factions.

The Sudanese army has a base with several thousand troops in al-Fashir.

“The leadership of the armed forces must act swiftly to save the lives of approximately 1.5 million people in al-Fashir urgently,” the SLA said in a statement. “Darfur must not fight alone.”

The RSF has denied targeting civilians and, on Saturday, accused its rivals of orchestrating a media campaign using actors and staged scenes within the camp to falsely incriminate it.

On Sunday, it said it had organized voluntary evacuations for families fleeing al-Fashir and surrounding camps and welcomed humanitarian agencies to respond to the deteriorating conditions.

The war in Sudan erupted in April 2023, sparked by a power struggle between the army and the RSF, shattering hopes for a transition to civilian rule.

The conflict has since displaced millions and devastated regions like Darfur, where the RSF is now fighting to maintain its stronghold amid army advances in Khartoum.

This post appeared first on cnn.com

Gang tattoos were once a vital currency in El Salvador, just a few years ago when it was known as the “murder capital of the world.”

Some designs confirmed membership of MS-13 or 18th Street —ultra-violent street organizations that ruled with machetes and intimidation — and commemorated slain gang members while issuing warnings to the living.

Now, under the strict rule of President Nayib Bukele, suspected gang tattoos can be used as evidence of membership in an illegal organization, and lead to detention. Intelligence on those tattoos has also been shared by El Salvador with European countries dealing with gangs, and with the United States, where on Monday Bukele is set for a White House meeting with President Donald Trump.

Tattoos have been used as evidence to deport people from the US and while there are accusations the designs have been misread, El Salvador’s Security and Justice Minister Gustavo Villatoro said he could identify very specific meanings.

“In the past, they had to kill someone, kidnap someone, extort someone to be brought to trial. Now, having tattoos for these organizations is a crime,” García explained.

Evidence of that crime is all around him, in the communal cells where convicted men and those still going through the court process are held.

Cecot was built and opened after Bukele suspended some constitutional rights as he vowed to restore security to El Salvador. Critics say human rights have been forgotten in the mass roundup of men said to be gangsters, with innocents swept up in the dragnet, but the streets are undoubtedly more secure, and many residents say they have new freedom.

The men taken off those streets and put in Cecot — officially named the Terrorism Confinement Center — now stare at visitors from behind bars, meekly obeying orders from armed guards.

Both times we have seen former sworn enemies from MS-13 and 18th Street placed together in cells. In former times, their tattoos would have been enough for a turf war, now they are bunkmates.

“We’re mixed up, and that’s the hardest thing,” Hector Hernandez, a prisoner, told us. “It used to be different, but today the government has taken control.”

His tattoos showed him to be an active member of MS-13, a status he said was still valid, even inside Cecot. He said each design had to be earned, mainly through murder.

“The main thing is to kill and deserve to be a gang member.”

The ink covers some faces, necks, arms and torsos, but García says law enforcement knows there are “very specific” marks that point to gang affiliation and not something innocent.

He had two men remove their prison-issue plain white T-shirts as he explained the new regulations.

“This isn’t a hunt just because a person has tattoos,” he said. “Authorities are searching for members of terrorist organizations who have specific tattoos that identify them with that type of organization.”

The clearest are the letters and numbers from the gang names: MS with 13 in regular or Roman numerals, or 18 for their rivals in the 18th Street gang.

García pointed to the body of a man he said was a clique leader of MS-13 who had been convicted for aggravated homicide.

“He has various tattoos on his body related to MS-13. He is an active member,” García said.

On the man’s back was a large design of Santa Muerte, a female Grim Reaper that became a symbol of the Sinaloa drug cartel in Mexico before becoming adopted by MS-13.

García said the other man was an assassin for 18th Street. He had X, V, III running down one side of his torso. Both inmates confirmed their associations with various cliques and areas where they operated.

García said some symbols he had seen warned people to see nothing, hear nothing and do nothing against the gangs, while others commemorated dead comrades or other personal connections: “Women they love, women who’ve betrayed them.”

Tattoos honoring Real Madrid and depicting a hummingbird

Once Bukele’s regime started retaking control of the streets and locking up people with tattoos, the gangs stopped requiring inked bodies as proof of loyalty, García said, so law enforcement focused on other ways to identify criminals.

But elsewhere, tattoos are still seen as evidence of guilt.

Authorities in the United States have deported hundreds of Venezuelans accused of being part of the Tren de Aragua gang, as well as Salvadorans alleged to be MS-13, to El Salvador, where they are now being held in Cecot.

“My brother has tattoos because he’s an artist but that doesn’t make him a criminal,” Nelson said.

From gang allegiance to art

Alejandra Angel, a tattooist in the capital San Salvador, explained: “Never in the history of this country would you see a guy with tattoos working in a restaurant or in a Walmart, never.

“After they ‘cleaned up’ the country everything has changed (with) the visibility of tattoos.”

Angel said she had been a little nervous when the ongoing “temporary” state of emergency was first imposed in March 2022. One of her arms is blacked out, she says to cover designs she no longer liked, but it could appear suspicious to police.

Another artist, Camilo Rodriguez, from a different salon, said he had been questioned twice by police about his tattoos at the beginning of the crackdown. But once he explained their significance he said he was free to go.

They said the gangs used to have their own tattooists or coerced people to ink designs.

But now people are free to choose, the artists said, and are no longer afraid of having something on their arm.

“Tattoos are for everyone,” said Rodriguez, who added his clients now included doctors and lawyers. “It’s a very personal language, and you can do whatever you want with it.”

This post appeared first on cnn.com

“I was told they made a mistake.” This is the way US President Donald Trump characterized Russia’s “horrific” double-tap missile strike on central Sumy, Ukraine, on Saturday, which allegedly used cluster munitions to maximize casualties.

The Iskander missiles reportedly utilized are accurate, and the use of two of them could suggest a degree of purpose and malice, aimed at hitting first responders too as they rush in. It is unlikely the Kremlin saw the error of its ways – this tactic being now so common – and perhaps a sympathizer is instead excusing Russia to the US president.

The weekend’s strike was, to Ukraine’s allies, a gruesome reminder of Moscow’s true intent in its invasion: to terrify Ukrainians into submission. The target, Sumy, is also in Russia’s immediate crosshairs, as President Vladimir Putin claims to seek a buffer zone inside of Ukraine by pounding this thriving border city.

The attack also placed unwelcome emphasis on just how little fruit the White House’s relentless pursuit of diplomacy has borne. Trump said Friday on social media that Russia had to “get moving,” but provided no deadlines or explicit consequences if it did not, although secondary tariffs on its oil purchasers have been floated.

Trump has made similar comments before – admonishing Moscow for its onslaught on Ukraine’s civilians, while also expressing broader grief at the tragedy of war in general, rather than fury at the Kremlin’s specific massacres, say of nine children at a Kryvyi Rih playground days earlier.

The truth Trump may be reluctant to post about is that Russia’s diplomacy has predictably dissolved into a dizzying Catherine wheel of tangents. It generates the requisite light and noise, but is of little consequence, bar Moscow continuing to buy time and prosecute the war on its own terms.

American and Russian diplomats are now on a carousel of Moscow’s apparent design, with multiple tracks leaving scant chance of real progress. Trump’s foreign envoy Steve Witkoff intermittently flies to Russia, to presumably hear demands direct from the Kremlin, whose official called his Friday visit to St Petersburg “productive.” Higher-level American and Russian diplomats meet in Saudi Arabia to float ceasefire ideas and a wider detente, while lower-level diplomatic meetings began in the new venue of Turkey last week to address the technical details of embassies reopening.

And there is a separate diplomatic US-Ukraine track over peace, also in Saudi Arabia, that has so far proposed a wide-ranging ceasefire that Russia has yet to agree to. Instead, a limited 30-day energy infrastructure ceasefire – chaotically birthed and barely adhered to – ends on Friday. This first test of diplomacy, seemingly dead on arrival, is somehow yet to cast future endeavors as problematic.

The above flow chart, or lapsed Venn diagram, has the singular unifying thread of the Trump administration seeking progress from multiple different dialogues it hopes will eventually congeal into a singular lasting peace. Five different, current conversations, and that is even if you don’t count the mostly silent role of Trump’s special envoy to Ukraine and Russia Gen. Keith Kellogg, or the intermittent but overarching influence that Putin-Trump phone calls take.

This disparate and confusing interface is, Moscow’s critics say, a standard Russian tactic to buy time while appearing engaged. The Trump administration brimmed with 24-hour to 100-day deadlines about peace prior to the rubber hitting the road. Now there is no deadline – or end to the metastasizing talks – in sight.

Why does Putin seek time? Because he believes Trump has been proven to be easily distracted and is interested in an easy win, but not a complex compromise. Putin also clearly believes this summer he can win a tangible victory on the front lines that will change the dynamic in talks.

His onslaught on Sumy is intended to buy Russia space on the border, but also drag Ukraine’s forces in. Russia is making slow yet discomforting progress to the south of Zaporizhzhia, an area where nearly two years ago its counteroffensive was meant to have broken through. One Ukrainian intelligence officer recently moved to near the city of Kharkiv described a front line quieter than expected, and anxiety as to what lies ahead.

Concerns are growing that Russia is amassing reinforcements, waiting for the ground to dry in May to escalate a spring offensive that Ukrainian officials say has already partially begun. Kyiv has hinted at an artillery ammunition shortage in the weeks ahead, and recent pledges by its allies may not have headed off that imminent crisis. It is going to be a very difficult summer for Ukraine.

This is the real rubber hitting the road. Moscow has invested all in a war in which it simply cannot afford anything less than victory. It does not see gain in forging a deal over frozen front lines now. The momentum – with a White House tearing up economic and security norms by the sheaf, and Ukraine struggling to meet manpower and resource needs – is day by day more in its favor. The Russians are stalling for time as they believe it is on their side.

Their European allies are disconcertingly readying for two unpleasant potential futures. The first is the possibility of a Ukrainian collapse and the need for NATO’s European members to hold back the Russians without American assistance. This is a more remote likelihood, but the undertone of preparations across the continent. The second possibility is more feasible and public: the British and French are spearheading preparations for a “reassurance force” to protect any ceasefire. The noise, and planning, serves two purposes: it allows Kyiv to agree to diplomacy knowing it has some security guarantees in place. And it partially embarrasses Moscow into stonewalling a peace plan that is increasingly ready to roll.

But with each rotation of the diplomatic Catherine wheel, the terms of actual peace become more dizzying. Putin seems less willing to offer even a partial pause as he believes ultimately Trump is toothless and will not punish him effectively for refusing this détente.

Trump said of US talks with Russia and Ukraine at the weekend: “You know, there’s a point at which you have to either put up or shut up.” His problem is that both he and the Kremlin are happy to keep talking. And neither wants to put up either: Trump is reluctant to impose harsh sanctions and disrupt his relationship with Moscow, and the Kremlin seems to have no desire to stop the war.

Trump added: “We’ll see what happens, but I think it’s going fine.” Ukraine must be left hoping he does not mean simply that the country’s fate will be permanently eclipsed by another crisis.

This post appeared first on cnn.com

Former Brazilian President Jair Bolsonaro was recovering in an intensive care unit on Monday after a tricky 12-hour surgery due to recurring intestinal issues since he was stabbed while campaigning in 2018.

The 70-year-old conservative firebrand was awake and doing “very well” in the intensive care unit, where he will remain during a slow recovery, doctors at the DF Star Hospital told journalists. It was his fifth surgery since the 2018 stabbing.

The former president was hospitalized on Friday after strong abdominal pains during an event with supporters in northeastern Brazil, forcing him to break off a regional tour aimed at drumming up support ahead of a trial before the Supreme Court.

Bolsonaro was transferred to the nation’s capital, Brasilia, where he lives, on Saturday night.

The surgery was difficult due to Bolsonaro’s prior surgeries and stab wound, but Sunday’s procedure did not have unexpected complications and the result was satisfactory, doctors said, adding that hospital visits for now should be limited to family.

This post appeared first on cnn.com

A British man has died after falling from a viewing platform at a famed Roman aqueduct in the Spanish city of Segovia.

Emergency services were called after the 63-year-old man suffered a fall at around 1 p.m. local time (7 a.m. ET) on Saturday, according to a statement from the Castile and León regional government.

Attempts to resuscitate the man were unsuccessful and he was declared dead at the scene, according to the statement.

“We are supporting the family of a British national who has died in Spain and are in contact with the local authorities,” said a spokesperson.

Segovia is located around 40 miles northwest of the Spanish capital Madrid, in the center of the country.

It is a popular tourist destination that draws visitors keen to see the Roman aqueduct, which was built under Emperor Trajan, who ruled from 98–117.

Still in use to this day, the aqueduct carries water from the Frío River to the city of Segovia.

The central section has two layers of arches that stand 28.5 metres (93.5 feet) above the ground.

This post appeared first on cnn.com

This week has brought ups and downs for the gold price as US President Donald Trump’s tariff decisions continue to create widespread uncertainty across sectors globally.

The yellow metal started the week at about US$3,020 per ounce, but quickly tumbled below the US$3,000 level as markets around the world took a beating.

Although gold is known as a safe haven, it’s common for it to fall in tandem with other assets during widespread downturns. The idea is that gold won’t drop as hard and will recover more quickly.

Speaking just after gold’s fall, Gary Wagner of TheGoldForecast.com explained that its decline shouldn’t be concerning for investors. Here’s how he explained it:

‘One thing that is clear is that when equities came under fire … liquidation happened across the board in multiple asset groups and classes. Gold was kind of a witness to that, and the massive liquidation that occurred was either to liquidate profitable positions to cover margin calls, or just to get more into cash than they had been in terms of the position of the portfolio. So to me it’s not that unexpected, and the amount of the decline is actually fairly calm considering how much it’s gone up.’

Wagner’s advice not to worry about gold’s pullback was prescient — the precious metal was back on the move by Wednesday (April 9), and on Thursday (April 10) it notched yet another fresh all-time high.

It continued moving upward on Friday (April 11), breaking US$3,200 and setting another price record.

Gold’s midweek rebound came after Trump’s turnaround on tariffs — in a surprise move on Wednesday, he announced a 90 day pause on ‘reciprocal’ tariffs for most countries.

China is an exception — Trump said he would be boosting China’s rate to 125 percent after the Asian nation announced further retaliatory tariffs against the US. It’s since been clarified that tariffs on China stand at 145 percent; on Friday, China said it would raise its tariffs on the US to 125 percent.

Canada and Mexico are also exceptions. Most goods from these countries are already subject to 25 percent tariffs, and these will remain in place. Blanket 25 percent tariffs on cars and car parts, as well as steel and aluminum, have also not been affected at this point.

The reversal from Trump came not long after he encouraged his followers on Truth Social to ‘be cool’ and told them it was ‘a great time to buy.’ It also reportedly came after White House officials put increasing pressure on Trump to change course. Worries about a selloff in US government bonds raised alarm bells, with Treasury Secretary Scott Bessent taking these concerns to Trump.

‘The bond market is very tricky, I was watching it. The bond market right now is beautiful. But yeah, I saw last night where people were getting a little queasy’ — Trump

Major US indexes rebounded strongly once Trump announced his decision, and although they had given up some gains by the end of the week, they still finished the period in the green.

In terms of where that leaves gold, many experts with agree its prospects still look bright even as it trades at all-time highs. Here’s what Will Rhind of GraniteShares said:

‘If you look at something called the M2 ratio, which is the money supply divided by the price of gold, that is a particularly scary chart. Obviously if history is any guide, then when the ratio is high, that typically means that gold is overvalued, and when the ratio is low, that typically means that gold is undervalued.

‘If you look at it right now, we’re somewhat I would say below the median. In other words, we’re closer to gold being undervalued rather than overvalued at a time when we just talked about gold hitting a new all-time high.’

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

This post appeared first on investingnews.com

Silver-mining companies and juniors have seen support from a strong silver price in 2025. Since the start of the year, the price of silver has increased by over 11 percent as of April 11, and it reached a year-to-date high of US$34.38 per ounce on March 27.

Silver’s dual function as a monetary and industrial metal offers great upside. Demand from energy transition sectors, especially for use in the production of solar panels, has created tight supply and demand forces.

Demand is already outpacing mine supply, making for a positive situation for silver-producing companies.

So far, aboveground stockpiles have been keeping the price in check, but the expectation is those stocks will be depleted in 2025 or 2026, further restricting the supply side of the market.

How has silver’s price movement benefited Canadian silver stocks on the TSX, TSXV and CSE? The five companies listed below have seen the best performances since the start of the year. Data was gathered using TradingView’s stock screener on February 12, 2025, and all companies listed had market caps over C$10 million at that time.

1. Discovery Silver (TSX:DSV)

Year-to-date gain: 185.92 percent
Market cap: C$848.98 million
Share price: C$2.03

Discovery Silver is a precious metals development company focused on advancing its Cordero silver project in Mexico. Additionally, it is looking to become a gold producer with its recently announced acquisition of the producing Porcupine Complex in Ontario, Canada.

Cordero is located in Mexico’s Chihuahua State and is composed of 26 titled mining concessions covering approximately 35,000 hectares in a prolific silver and gold mining district.

A 2024 feasibility study for the project outlines proven and probable reserves of 327 million metric tons of ore containing 302 million ounces of silver at an average grade of 29 grams per metric ton (g/t) silver, and 840,000 ounces of gold at an average grade of 0.08 g/t gold. The site also hosts significant zinc and lead reserves.

The report also indicated favorable economics for development. At a base case scenario of US$22 per ounce of silver and US$1,600 per ounce of gold, the project has an after-tax net present value of US$1.18 billion, an internal rate of return of 22 percent and a payback period of 5.2 years.

Discovery’s shares gained significantly on January 27, after the company announced it had entered into a deal to acquire the Porcupine Complex in Canada from Newmont (TSX:NGT,NYSE:NEM).

The Porcupine Complex is made up of four mines including two that are already in production: Hoyle Pond and Borden. Additionally, a significant portion of the complex is located in the Timmins Gold Camp, a region known for historic gold production.

Discovery anticipates production of 285,000 ounces of gold annually over the next 10 years and has a mine life of 22 years. Inferred resources at the site point to significant expansion, with 12.49 million ounces of gold, from 254.5 million metric tons of ore with an average grade of 1.53 g/t.

Upon the closing of the transaction, Discovery will pay Newmont US$200 million in cash and US$75 million in common shares, and US$150 million of deferred consideration will be paid in four payments beginning on December 31, 2027.

According to Discovery in its full-year 2024 financial results, the Porcupine acquisition will help support the financing, development and operation of Cordero. Discovery’s share price reached a year-to-date high of C$2.12 on March 31.

2. Almaden Minerals (TSX:AMM)

Year-to-date gain: 136.36 percent
Market cap: C$16.47 million
Share price: C$0.13

Almaden Minerals is a precious metals exploration company working to advance the Ixtaca gold and silver deposit in Puebla, Mexico. According to the company website, the deposit was discovered by Almaden’s team in 2010 and has seen more than 200,000 meters of drilling across 500 holes.

A July 2018 resource estimate shows measured resources of 862,000 ounces of gold and 50.59 million ounces of silver from 43.38 million metric tons of ore, and indicated resources of 1.15 million ounces of gold and 58.87 million ounces of silver from 80.76 million metric tons of ore with a 0.3 g/t cutoff.

In April 2022, Mexico’s Supreme Court of Justice (SCJN) ruled that the initial licenses issued in 2002 and 2003 would be reverted back to application status after the court found there had been insufficient consultation when the licenses were originally assigned.

Ultimately, the applications were denied in February 2023, effectively halting progress on the Ixtaca project. While subsequent court cases have preserved Almaden’s mineral rights, it has yet to restore the licenses to continue work on the project.

In June 2024, Almaden announced it had confirmed up to US$9.5 million in litigation financing that will be used to fund international arbitrations proceedings against Mexico under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

In a December update, the company announced that several milestones had been achieved, including the first session with the tribunal, at which the company was asked to submit memorial documents outlining its legal arguments by March 20, 2025. At that time, the company stated it would vigorously pursue the claim but preferred a constructive resolution with Mexico.

In its most recent update on March 21, the company indicated that it had submitted the requested documents, claiming US$1.06 billion in damages. The memorial document outlines how Mexico breached its obligations and unlawfully expropriated Almaden’s investments without compensation.

Shares in Almaden reached a year-to-date high of C$0.135 on February 24.

3. Avino Silver & Gold Mines (TSX:ASM)

Year-to-date gain: 98.43 percent
Market cap: C$373.48 million
Share price: C$2.52

Avino Silver and Gold Mines is a precious metals miner with two primary silver assets: the producing Avino silver mine and the neighboring La Preciosa project in Durango, Mexico.

The Avino mine is capable of processing 2,500 metric tons of ore per day ore, and according to its FY24 report released on January 21 the mine produced 1.1 million ounces of silver, 7,477 ounces of gold and 6.2 million pounds of copper last year. Overall, the company saw broad production increases with silver rising 19 percent, gold rising 2 percent and copper increasing 17 percent year over year.

In addition to its Avino mining operation, Avino is working to advance its La Preciosa project toward the production stage. The site covers 1,134 hectares, and according to a February 2023 resource estimate, hosts a measured and indicated resource of 98.59 million ounces of silver and 189,190 ounces of gold.

In a January 15 update, Avino announced it had received all necessary permits for mining at La Preciosa and begun underground development at La Preciosa. It is now developing a 350-meter mine access and haulage decline. The company said the first phase at the site is expected to be under C$5 million and will be funded from cash reserves.

The latest update from Avino occurred on March 11, when it announced its 2024 financial results. The company reported record revenue of $24.4 million, up 95 percent compared to 2023. Avino also reduced its costs per silver ounce sold.

Additionally, Avino reported a 19 percent increase in production in 2024, producing 1.11 million ounces of silver compared to 928,643 ounces in 2023. The company’s sales also increased, up by 23 percent to 2.56 million ounces of silver compared to 2.09 million ounces the previous year.

Avino’s share price marked a year-to-date high of C$2.80 on March 27.

4. Highlander Silver (CSE:HSLV)

Year-to-date gain: 90 percent
Market cap: C$160.17 million
Share price: C$1.90

Highlander Silver is an exploration and development company advancing projects in South America.

Its primary focus has been the San Luis silver-gold project, which it acquired in a May 2024 deal from SSR Mining (TSX:SSRM,NASDAQ:SSRM) for US$5 million in upfront cash consideration and up to an additional US$37.5 million if Highlander meets certain production milestones.

The 23,098 hectare property, located in the Ancash department of Peru, hosts a historic measured and indicated mineral resource of 9 million ounces of silver, with an average grade of 578.1 g/t, and 348,000 ounces of gold at an average grade of 22.4 g/t from 484,000 metric tons of ore.

In July 2024, the company said it was commencing field activities at the project; it has not provided results from the program. In its December 2024 management discussion and analysis, the company stated it was undertaking a review of prior exploration plans and targets, adding that it believes there is exceptional growth potential.

Highlander’s most recent news came on March 11, when it announced it had closed an upsized bought deal private placement for gross proceeds of C$32 million. The company said it will use the funding to further exploration activities at San Luis and for general working capital.

Shares in Highlander reached a year-to-date high of C$1.96 on March 31.

5. Santacruz Silver Mining (TSXV:SCZ)

Year-to-date gain: 85.45 percent
Market cap: C$192.16 million
Share price: C$0.51

Santacruz Silver is an Americas-focused silver producer with operations in Bolivia and Mexico. Its producing assets include the Bolivar, Porco and Caballo Blanco Group mines in Bolivia, along with the Zimapan mine in Mexico.

In a production report released on January 30, the company disclosed consolidated silver production of 6.72 million ounces, marking a 4 percent decrease from the 7 million ounces produced in 2023. This decline was primarily attributed to a reduction in average grades across all its mining properties.

In addition to its producing assets, Santacruz also owns the greenfield Soracaya project. This 8,325-hectare land package is located in Potosi, Bolivia. According to an August 2024 technical report, the site hosts an inferred resource of 34.5 million ounces of silver derived from 4.14 million metric tons of ore with an average grade of 260 g/t.

Shares in Santacruz reached a year-to-date high of C$0.59 on March 18.

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

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Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the ‘Company’ or ‘Spearmint’) wishes to announce that it has significantly increased the acreage of the ‘Sisson North Tungsten Project’ in New Brunswick directly bordering the Sisson Tungsten Mine. This new project now consists of approximately 4,890 contagious acres increased from 2,582 prospective for tungsten.

James Nelson, President of Spearmint stated, ‘There continues to be strong demand for commodities caught in the middle of global tariff battles—particularly tungsten. Considering these developments, we believe there will be increasing emphasis on securing domestic sources of strategic materials. With commodity prices remaining elevated and gold at all-time highs, we anticipate a much more buoyant junior mining market. With multiple active projects, Spearmint is well positioned to take advantage of these market conditions.’

​In April 2025, China’s export controls on tungsten continued to impact global supply chains and market dynamics. These measures, initiated in February, require exporters to obtain licenses for shipping tungsten and other critical minerals abroad, citing national security and non-proliferation concerns.​

The restrictions have led to increased prices and supply uncertainties, particularly affecting industries reliant on tungsten, such as defense and clean energy sectors. Analysts anticipate that Chinese-supplied tungsten may be scarce in the global markets.

In response to these challenges, companies and countries are exploring alternative sources and strategies to mitigate the impact of China’s export controls on tungsten.

Tungsten has always been a valuable material due to its unique properties, such as its extremely high melting point, strength, and durability. It is used in a wide variety of applications, including manufacturing hard metals, electronics, lightbulb filaments, and in military and aerospace technologies. However, China’s actions regarding tungsten have made it even more valuable for several reasons.

In short, the combination of China’s tightening control over tungsten production and the growing demand for this critical material has made tungsten even more valuable on the global market.

Qualified person for mining disclosure:

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

About Spearmint Resources Inc.

Spearmint’s projects include four projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals & Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; the 124-acre Green Clay lithium project; and the 248-acre Clayton Ridge gold project, the 4,722-acre George Lake South Antimony Project in New Brunswick and the 4,890 acre Sisson North Tungsten Project.

This project was acquired via staking.

For a cautionary note and disclaimer on the crypto diversification, please refer to the news release dated November 12, 2024.

Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

info@spearmintresources.ca

‘James Nelson’
President
Spearmint Resources Inc.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248370

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Osisko Metals Incorporated (the ‘ Company or ‘ Osisko Metals ‘) ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce initial drilling results from the 2025 drilling program at the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec. Results for five holes are reported below, collared at the southern margin of the mineralized deposit as defined in the 2024 Mineral Resource Estimate (MRE, see attached map and November 14, 2024 news release ).

Highlights (see Table 1 below):

  • Drill hole 30-1059 intersected 300.0 metres grading 0.39% Cu and 3.17 g/t Ag within the 2024 MRE model where there was limited historical data.
  • Drill hole 30-1060 intersected 220.5 metres grading 0.29% Cu and 2.09 g/t Ag within the 2024 MRE model, as well as 211.0 metres grading   0.42% Cu and 2.27 g/t Ag at depth below the 2024 MRE model, extending mineralization to a vertical depth of 598 metres.
  • Drill hole 30-1063 intersected 109.5 metres grading 0.32% Cu and 2.52 g/t Ag within the 2024 MRE model, as well as 61.5 metres grading   0.33% Cu and 2.60 g/t Ag, and 43.5 metres grading   0.48% Cu and 3.20 g/t Ag at depth below the 2024 MRE model, extending mineralization to a vertical depth of 678 metres.
  • Drill hole 30-1069 intersected 237.0 metres grading 0.32% Cu and 2.46 g/t Ag within the 2024 MRE model, as well as 148.8 metres grading   0.63% Cu and 4.40 g/t Ag at depth below the 2024 MRE model, extending mineralization to a vertical depth of 528 metres.
  • Drill hole 30-947, an un-assayed historical hole located 110 metres south of the 2024 MRE model, was stockpiled on site and the core recovered and assayed, yielding five significant intersections, including 82.0 metres grading 0.31% Cu and 2.55 g/t Ag. These results indicate that the deposit is open to the south.

Robert Wares, Osisko Metals CEO, commented: ‘We are very pleased with these new drill results at Gaspé, which have exceeded our expectations. All holes intersected significant disseminated mineralization within the volume of the 2024 MRE model, and new mineralization has been added at depth well below the base of the 2024 MRE model, which was constrained to the lower contact of the C Zone skarn horizon. Drill core from historical hole 30-947 was also recovered and assayed, yielding positive results and indicating that the deposit extends laterally 110 metres south of the 2024 MRE model and remains open in that direction. This is an excellent start to the 2025 drill program, and we look forward to a regular flow of results from our 110,000-metre program as we confirm our large existing copper resource, and aim to expand it at depth, to the south and to the west towards Needle Mountain.’

Table 1: Drill Hole Mineralized Intervals; intersections indicated in bold occur outside the November 2024 MRE model. See attached map for drill hole locations.

DDH No.

From To Intersection Cu Ag Mo
(m) (m) (m) % g/t %
30-0947 41.0 106.0 65.0 0.17 1.49
And 159.5 194.0 34.5 0.30 2.13
And 229.0 311.0 82.0 0.31 2.55
And 408.0 444.9 36.9 0.34 2.98 0.010
And 485.5 533.5 48.0 0.33 2.85
30-1059 8.0 308.0 300.0 0.39 3.17
And 501.0 535.0 34.0 0.28 2.33
30-1060 26.0 246.5 220.5 0.29 2.09
And 387.0 598.0 211.0 0.42 2.27 0.009
30-1063 86.0 155.0 69.0 0.56 3.30
(including) 114.2 120.6 6.4 3.19 16.8
And 192.0 301.5 109.5 0.32 2.52 0.019
And 490.5 552.0 61.5 0.33 2.60 0.011
And 634.5 678.0 43.5 0.48 3.20
30-1069 30.0 267.0 237.0 0.32 2.46
(including) 252.0 264.0 12.0 1.46 9.76
And 303.0 342.0 39.0 0.81 6.85
And 374.7 528.5 148.8 0.63 4.40
(including) 442.5 482.2 39.7 1.21 8.18

All drill holes were drilled sub-vertically into the Gaspé Copper altered calcareous stratigraphy that dips 20 to 25 degrees to the north; true widths are estimated at 90-92% of reported widths. The L1 (C Zone) the L2 (E Zone) skarn/marble horizons were intersected in all holes, as well as intervening porcellanites (potassic-altered hornfels) that host the bulk of the disseminated copper mineralization.

Mineralization occurs as disseminations and veinlets of chalcopyrite and is mostly stratigraphically controlled in the area of Needle Mountain, Needle East and Copper Brook. As expected, no significant molybdenum mineralization was encountered in porcellanites in the latter areas, but high grades (up to 0.4% Mo) were locally obtained in both the C Zone and E Zone skarns. The bulk of the molybdenum mineralization occurs in the stockworks further north at Copper Mountain, where true porphyry copper-style stockwork mineralization occurs, forming a distinct secondary mineralized zone that is characterized by widespread, continuous copper-molybdenum mineralization radiating from the central source of hydrothermal fluids, i.e. the Copper Mountain porphyry intrusion. At least five vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier skarn/porcellanite-hosted mineralization throughout the Gaspé Copper system. The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain stockwork mineralization, leading to the May 2024 MRE (see May 6, 2024 press release ). Extending the resource model south of Copper Mountain into the poorly-drilled primary skarn/porcellanite portion of the system subsequently led to a significantly increased resource, mostly in the Inferred category (see November 14, 2024 press release ).

The 2025 drill program is primarily designed to convert the November 2024 MRE to Measured and Indicated categories, as well as test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively.

Qualified Person

Mr. Bernard-Olivier Martel, P. Geo., an independent consultant, is the Qualified Person responsible for the technical data reported in this news release and he is a Professional Geologist registered in the Province of Quebec.

Quality Assurance / Quality Control

Mineralized intervals reported herein are calculated using an average 0.12% copper lower cutoff over contiguous 20-metre intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals).

Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including insertion of blanks and standards in the sample stream. Drill core is securely transported to its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to ALS Canada Ltd.’s preparation facility in Sudbury. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for copper, molybdenum and silver.

About Osisko Metals

Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of   824 Mt grading 0.34% CuEq and Inferred Mineral Resources of 670 Mt grading 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals’ November 14, 2024 news release entitled ‘ Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper ‘. Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.

In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt at 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt at 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals June 25, 2024 news release entitled ‘Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq’ . The Pine Point project is located on the south shore of Great Slave Lake, Northwest Territories, close to infrastructure, with paved road access, an electrical substation and 100 kilometers of viable haul roads.

For further information on this news release, visit www.osiskometals.com or contact:

Don Njegovan, President Email: info@osiskometals.com

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘potential’, ‘feasibility’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction decision (if at all); the ability to increase the Company’s trading liquidity and enhance its capital markets presence; the potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in eastern North America.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.ca) under Osisko Metals’ issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/86f64a14-ab80-44b9-804a-0b997e5fc82e

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