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With a strong asset foundation, C$8 million in cash, and an experienced technical team, Prince Silver is well-positioned to capitalize on the current macro tailwinds in the silver and manganese markets. The project has a US Critical Minerals advantage, hosting silver, zinc, lead, and manganese, in addition to gold.

Overview

Prince Silver (CSE:PRNC,OTCQB:PRNCF) is a Vancouver-based exploration company focused on unlocking value at the Prince silver project in southeastern Nevada.

In July 2025, the company completed a transformational acquisition of Stampede Metals Corporation and subsequently rebranded from Hawthorn Resources to Prince Silver Corp.

The flagship asset is a district-scale, past-producing silver-gold-zinc-manganese carbonate replacement system, historically mined through the early to mid-1900s. The immediate objective is to validate and expand upon the 129 historic drill holes (over 16,600 meters) to convert the exploration target into a maiden NI 43-101 mineral resource, targeted for the fourth quarter of 2026.

Company Highlights

  • Flagship Project: 100 percent ownership of the historic Prince silver mine in Lincoln County, Nevada, an open, near-surface silver-gold-zinc carbonate replacement deposit. It has an exploration target of 23 to 45 million tons, with strong historic grades.
  • Fully Funded Drilling Program Underway: A 9,000-meter reverse-circulation drill program is now underway with a steady stream of assay results expected from January to May 2026. This follows an recent funding raise of approximately C$4.75 million in gross proceeds.
  • Clean Corporate Reset: Hawthorn Resources completed the Stampede Metals acquisition and re-listed as Prince Silver Corp. on July 11, 2025.
  • Tight Share Structure: The company has 58.9 million shares issued and outstanding as of February 23, 2026.
  • US Critical Minerals Leverage: The Prince Project hosts critical and strategic minerals on the 2025 USGS list: silver, zinc, lead, and manganese, in addition to gold.
  • Experienced, Hands-on Leadership: President Ralph Shearing, CEO Derek Iwanaka, and new directors Marco Montecinos, Robert Wrixon and Darrell Rader add mine-building, corporate, and capital-markets depth to the leadership team.
  • Expanded Land Position: The land package at the Prince Silver Project has more than doubled, securing over 7 kilometers of prospective strike length along the mineralized fault system.

Key Projects

Prince Silver Project

The Prince silver project is a large-scale, polymetallic Carbonate Replacement Deposit (CRD) located just west of Pioche, a historic mining district in southeastern Nevada. The project hosts a structurally and stratigraphically controlled system of silver-rich mantos, breccias, and fissure veins. Historic underground production between 1912 and 1949 totaled approximately 1.12 million tons (Mt) at average grades of 100 grams per ton (g/t) silver, 4.5 percent zinc, and 10 percent manganese.

Highlights

  • Geological compilation work has defined an exploration target ranging between 23 and 45 Mt, grading approximately 37 to 40 g/t silver, 1.5 percent zinc, and 0.8 percent lead.
  • The fully-funded 9,000 meter drill program is underway with a steady stream of assay results expected from January to May 2026, targeting a maiden NI 43-101 Mineral Resource Estimate (MRE) in the fourth quarter of 2026.
  • The company recently expanded its land position, securing over 7 kilometers of prospective strike length along the mineralized fault system.

Stampede Gap Copper-Gold-Molybdenum Project

The Stampede Gap Copper-Gold-Molybdenum Project is a large, early-stage porphyry target in Nevada featuring over 200 claims. Historical geophysics have identified multiple IP-resistivity anomalies, and a single 700 meter drill hole encountered extensive skarn alteration. Its location is only 150 kilometers south of KGHM’s Robinson copper-gold-silver-molybdenum mine. The project presents a deep-seated exploration target that has the hallmarks of a large-scale copper-molybdenum deposit.

Management Team

Derek Iwanaka – Chief Executive Officer and Director

Derek Iwanaka is a mining-sector executive with over 23 years of investor relations, corporate development, and capital markets experience. He has supported more than 20 corporate transactions and helped raise over US$100 million, including one of Canada’s first at-the-market financings. Iwanaka previously held senior roles at BeMetals and First Mining Gold Corp., contributing to strategic acquisitions, project advancement, and significant market-cap growth.

Ralph Shearing – President and Director

Ralph Shearing is a professional geologist and mine developer with over 35 years in mineral exploration development and public company management. Since 1987, Shearing has held senior executive positions with public junior mining and exploration companies, notably Luca Mining, a company he founded and guided through exploration, development, construction, and pre-production of the Tahuehueto mine in Mexico. He currently acts as a Qualified Person for Prince Silver’s technical disclosure.

Rob Scott – Chief Financial Officer and Corporate Secretary

Rob Scott’s professional experience has helped raise over $200 million in equity with past and current executive and board positions with TSXV issuers, including Great Bear Resources, Valore Metals, Riverside Resources, Capitan Silver, and First Helium.

Dr. Robert Wrixon – Independent Director

Robert Wrixon is the managing director of Starboard Global, a Hong Kong-based project incubator and VC firm. Wrixon is a seasoned executive and engineer with over 20 years’ experience across ASX- and LSE-listed mining companies. He holds a PhD in mineral engineering from UC Berkeley and brings deep technical, corporate development, and mergers and acquisitions experience.

Darrell Rader – Independent Director

Darrell Rader is the president and chief executive officer of Minaurum Gold, a silver explorer in Mexico. He has directly raised over $150 million for mineral exploration and development and has strong relationships with institutional investors and bankers. Rader founded Defiance Silver Corp, a silver developer, and previously was the head of corporate development at IMPACT Silver. Rader holds a BBA in Finance from Simon Fraser University.

Marco Montecinos – Independent Director

Marco Montecinos has over 40 years of mineral exploration experience across the Americas, including a key role in the three-million-ounce Marlin Gold discovery, multiple gold discoveries, and current roles as chief president of exploration at Gunpoint Exploration and US Critical Metals, as well as president of Tigren, Inc.

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Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce the successful completion of 12.8 line kilometres of induced polarization (‘IP’) surveying over the Marisa Zone at its 1,168-hectare North Island Copper Project located near Port Hardy on Vancouver Island, British Columbia.

The Company is currently reviewing the newly acquired geophysical data and will release a detailed interpretation once the technical team has completed its evaluation. As part of this process, Peter E. Walcott and Associates Limited will integrate the historical 1992 IP survey data with the new 2026 survey results to generate a comprehensive 3D inversion model of the target area.

The results of this work are expected to assist in defining priority drill targets. Subject to final interpretation and permitting timelines, the Company intends to initiate permitting for a drill program in late H1 or early H2 2026.

Previous exploration at the Marisa Zone identified copper mineralization associated with an IP chargeability anomaly. In 1992, two of five diamond drill holes were completed to test the anomaly intersected copper mineralization, including:

  • 0.078% copper over 56.39 metres (DDH92-01)
  • 0.041% copper over 70.71 metres (DDH92-03)

Both intercepts were encountered within altered quartz diorite, with copper grades increasing with depth in DDH92-03.

Source: Geophysical and Diamond Drilling Report on the Marisa Property, G.J. Allen and P.G. Dasler, February 29, 1992, prepared for Great Western Gold Corporation.

‘This recently completed IP survey represents an important step in advancing the Marisa Zone target,’ stated Saf Dhillon, President & Chief Executive Officer of Questcorp Mining. ‘The survey has successfully confirmed the presence of the historical chargeability anomaly identified in earlier work. Once Walcott and Associates completes the 3D inversion and our technical team finishes reviewing the results, we expect to refine potential drill targets and move toward a drill program later in 2026.’

The Company cautions that a Qualified Person has not verified the historical exploration data referenced in this release. The presence of mineralization on adjacent or nearby properties, including NorthIsle Copper and Gold and BHP properties, is not necessarily indicative of mineralization on the North Island Copper Project.

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 – Standards of Disclosure for Mineral Projects.

About Questcorp Mining Inc.

Questcorp 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 metal 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 Corp.
saf@questcorpmining.ca
Tel. (604-484-3031)
Suite 550, 800 West Pender Street
Vancouver, British Columbia
V6C 2V6

https://questcorpmining.ca

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the intended use of proceeds from the Offering; and closing of subsequent tranches of the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that such forward-looking statements will prove to 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 disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288086

News Provided by TMX Newsfile via QuoteMedia

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Iranian Kurdish opposition groups say they are prepared to challenge Tehran but are holding back for now as the war between the United States, Israel and the Islamic Republic continues to unfold.

Khalid Azizi, spokesperson for the Democratic Party of Iranian Kurdistan (KDPI), told Fox News Digital in an exclusive interview that Kurdish forces are closely watching developments but have no plans to launch a ground offensive at this stage.

Reports in recent days have suggested that President Donald Trump spoke with Mustafa Hijri, the leader of KDPI, as Washington explores possible Kurdish involvement in pressure on Iran. 

Azizi declined to confirm or deny whether such a conversation took place.

Azizi himself has firsthand experience with Iran’s military retaliation. 

In 2018, Iran’s Islamic Revolutionary Guard Corps launched ballistic missiles at the KDPI headquarters in Koy Sanjaq in Iraq’s Kurdistan region during a leadership meeting, killing at least 18 people and injuring dozens.

‘We have been targeted by the Islamic Republic,’ Azizi said. ‘The first Iranian missile was sent to my headquarters and I was personally injured in that attack.’

Despite the risks, Azizi said Kurdish resistance remains strong after decades of confrontation with Iran. 

‘The Iranian Kurdish resistance movement is actually very strong because we have been on the ground since the Iranian revolution,’ he said.

Azizi spoke from Washington, D.C., where he said Kurdish representatives were meeting with policymakers and institutions to discuss the situation in Iran and the role Kurdish groups could play if the conflict evolves.

But for now, Kurdish groups say they are waiting to see how the broader war develops.

‘We are ready and our party is well organized,’ Azizi said. ‘But right now we do not have any intention to enter Iranian Kurdistan because the ground forces in this war have not been a topic.’

‘It’s very easy to start a war,’ he added. ‘But it will be more complicated how to end this war.’

The KDPI is one of the oldest Kurdish opposition movements fighting Iran’s Islamic Republic. The group is a member of the Socialist International and operates primarily from bases in the Kurdistan region of Iraq and has been in armed and political opposition to Tehran since the 1979 Iranian Revolution.

Azizi said Kurdish political movements have recently taken a significant step by forming a joint alliance aimed at coordinating their political strategy.

‘We have managed to create a unity among the Kurdish political parties,’ he said. ‘This has been welcomed by the Iranian Kurdish people and by different Iranian political parties.’

The alliance, known as the Coalition of Political Forces of Iranian Kurdistan, brings together several historically divided Kurdish factions that oppose the Islamic Republic.

Azizi said the future of Iran will ultimately depend on whether Iranians themselves rise up against the regime.

‘If you look at the goal of the United States and Israel in this war, they have been targeting the Iranian military, security and political institutions. In this aspect Iran has been weakened,’ he said.

‘But the regime still remains in power because people are not on the streets and there is no alternative right now to replace this regime.’

Azizi urged Western governments to focus not only on the military campaign but also on helping Iranian opposition movements coordinate politically.

Iran, he said, is a multi-ethnic country whose future stability will depend on building a democratic system that includes all of its communities.

‘The path and the roadmap for rebuilding Iran must be based on the participation of all ethnic groups,’ Azizi said. ‘Iran is a multi-ethnic society.’

For now, he said, Kurdish fighters remain in a holding pattern.

‘We have the ability and we have the capacity,’ Azizi said. ‘But it is not easy right now for us to make any decision regarding entering Iranian Kurdistan.’

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Some House Republicans are getting worried over the prospect of colleagues quiet-quitting after losing their primary races as election season heats up, threatening to whittle down the GOP’s already perilously slim majority.

House Republicans will likely only be able to lose two votes on any party-line measure after a special election in a deep-red Georgia district this week. 

Some told Fox News Digital they’re worried, however, that their colleagues could begin missing key votes before the end of their terms if their ambitions for higher office do not go as planned.

‘It’s a real problem,’ one House Republican who was granted anonymity to speak candidly told Fox News Digital. ‘Is one of them going to be gone for his runoff? Will another not come back at all because he’s mad? Is another one not going to come back because he lost?’

Asked if such absences could translate to Republicans losing a functional majority in the House, that GOP lawmaker said, ‘We could, that’s why everybody’s nervous about it.’

In the Lone Star State alone, two House Republicans are guaranteed not to be returning next year after last week’s primaries. Rep. Wesley Hunt, R-Texas, lost his bid to unseat Sen. John Cornyn, R-Texas, who is headed for a runoff with state Attorney General Ken Paxton. And Rep. Dan Crenshaw, R-Texas, faced an upset against a primary challenger running to his right, conservative state lawmaker Steve Toth.

Neither has indicated they will be skipping House votes for the remainder of the term due to those losses, but Hunt’s attendance record has already generated frustration among his colleagues.

Aside from them, there are 18 other House Republicans currently vying for different positions in upcoming primaries and general elections.

Rep. Mario Diaz-Balart, R-Fla., a high-ranking member of the House Appropriations Committee, told Fox News Digital that he too was worried about GOP attendance as election season heats up.

‘Our margins are as razor-thin as they can possibly be, so we need everybody to show up,’ he said. ‘So yeah, that could potentially be an issue. I hope it isn’t.’

Rep. Russell Fry, R-S.C., told Fox News Digital, ‘I think it’s a concern.’

‘I hope that they recognize the moment. There’s still a lot of lane left in this Congress, and people have put their faith in their elected representatives to get the job done. So they need to be here,’ Fry said.

But the election season starting up is not the first time this Congress — or even this year — that worries about the GOP’s margins have flared up.

For example, a small group of Republicans was able to join with Democrats to successfully force a vote on extending expired Obamacare subsidies that the GOP largely opposed. And just last month, President Donald Trump’s tariff strategy faced a public setback when a similarly small number of GOP lawmakers voted with Democrats to rebuke it.

Neither of those measures will likely be taken up in the Republican-held Senate, but it’s a testament to the slim margins Speaker Mike Johnson, R-La., is presiding over.

And aside from the legislative setbacks seen earlier this year, the sudden, tragic death of one House Republican and abrupt resignation of another have served to further whittle down the conference’s numbers.

Car accidents and other health problems have also at times forced the House to amend its schedule. It’s prompted House GOP leaders to warn their lawmakers to be as cautious as possible when outside of Washington.

‘The margins are really, really close. A few of us were in a car the other day, driving … if that became an accident, that would have tipped the scale,’ Rep. Ryan Zinke, R-Mont., told Fox News Digital back in January. ‘It’s a big deal to change power outside of a normal election cycle.’

House Majority Leader Steve Scalise, R-La., told reporters last week that attendance is ‘always a concern’ but was optimistic about navigating through it.

‘We’ve had elections along the way, and yet we’re still able to move our agenda,’ Scalise said. ‘We track people that have surgeries, tell us in advance, and we work around that. But at the end of the day, we’ve been able to move President Trump’s agenda and our agenda, and get the things done for the American people that we ran on.’

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President Donald Trump said he wants to keep the Strait of Hormuz open, saying it would be an ‘honor’ to do so in an effort to help other nations that rely on the vital Middle East waterway.

Trump was speaking with reporters in Florida on Monday, when he was asked about the global energy choke point, which has been disrupted amid back-and-forth attacks between Iran and Israel and the United States. 

At about 21 miles wide at its narrowest point, the Strait of Hormuz is between Iran and Oman and carries roughly 20 million barrels a day and about one-fifth of global liquefied natural gas, making it a top-value target when conflict in the region erupts.

‘We’re really helping China here and other countries because they get a lot of their energy from the Straits,’ Trump said. ‘We have a good relationship with China. It’s my honor to do it.’

Trump is slated to meet with Chinese leader Xi Jinping later this month. While touting the United States’ new energy partnership with Venezuela, Trump noted that China gets its oil through the strait. 

‘I mean, we’re doing this for the other parts of the world, including countries like China,’ he said. ‘They get a lot of their oil through the straits.’

‘We have a very good relationship with President XI (Jinping) and China,’ he added. ‘I’m going there in a short period of time, and we’re protecting the world from what these lunatics are trying to do, and very successfully I might add.’

The U.S. will also waive all oil-related sanctions on some countries in an effort to reduce energy prices amid the conflict in the Middle East, Trump said.

The Islamic Revolutionary Guard Corps took to Iranian State TV vowing it would ‘not allow [the] export of a single liter of oil.’

Later, Trump reaffirmed his position on the strait in a fiery Truth Social post.

‘If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far. Additionally, we will take out easily destroyable targets that will make it virtually impossible for Iran to ever be built back, as a Nation, again — Death, Fire, and Fury will reign upon them — But I hope, and pray, that it does not happen!,’ he wrote.

‘This is a gift from the United States of America to China, and all of those Nations that heavily use the Hormuz Strait. Hopefully, it is a gesture that will be greatly appreciated. Thank you for your attention to this matter!’

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Vietnam’s trade ministry is urging businesses to encourage employees to work from home to curb fuel consumption as the country grapples with supply disruptions and sharp price increases triggered by the U.S.-Israeli war involving Iran.

In a statement on Tuesday, the government said Vietnam has been among the nations hardest hit by the turmoil due to its heavy reliance on energy imports from the Middle East. Citing a report from the Ministry of Industry and Trade, it called on companies to ‘encourage work-from-home when possible to reduce the need for travel and transportation.’

Fuel prices have surged since the end of last month, with gasoline up 32%, diesel rising 56% and kerosene climbing 80%, according to data from Petrolimex, the country’s top fuel trader. Long lines of cars and motorbikes were seen at petrol stations in Hanoi on Tuesday.

The ministry also urged businesses and individuals not to hoard or speculate on fuel.

Prime Minister Pham Minh Minh on Monday held calls with leaders of Kuwait, Qatar and the United Arab Emirates to secure additional fuel and crude oil supplies. The government has also removed import tariffs on fuels through the end of April in a bid to ease pressure on the market.

President Donald Trump’s strikes on Iran have made for volatile crude markets, with prices surging to $120 a barrel in the U.S. over the weekend before dipping back to just over $80 on Monday night as Trump spoke to a Republican retreat in Florida.

Prices have stabilized after Trump assured investors the Strait of Hormuz will be safe for oil tankers in the Middle East, a notorious chokepoint for the largely dismantled Iranian regime.

The situation in the region remains tenuous as Iran has announced Mojtaba Khamenei as the next supreme leader, a decision that Trump told Fox News that he ‘was not happy’ about.

‘I don’t believe he can live in peace,’ Trump said from Air Force One.

Iran’s Revolutionary Guard said Tuesday they would not let any oil out of the Middle East until U.S. and Israeli attacks cease, a threat that had prompted Trump to threaten to hit Iran ’20 times harder’ if it blocked exports.

Despite the defiant rhetoric from both sides, investors placed strong bets Tuesday that Trump would call off his war soon, before the unprecedented disruption it has caused to energy supplies causes a global economic meltdown.

‘I’m hearing they want to talk badly,’ Trump said, as the Department of War has claimed 50 Iranian naval vessels have been sunk and Trump is suggesting the war objections are weeks ahead of schedule, if not nearly ‘complete.’

‘It’s possible,’ Trump added of engaging the new Iranian leadership, descendants of the deceased leaders, but said it ‘depends on what terms, possible, only possible.’

‘You know, we sort of don’t have to speak anymore, you know, if you really think about it, but it’s possible,’ he said.

Fox News’ Trey Yingst and Reuters contributed to this report.

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President Donald Trump said he is ‘not happy’ with Iran’s choice of a new supreme leader but that early results from Operation Epic Fury have been ‘way beyond expectation.’

Mojtaba Khamenei, the son of the late Ayatollah Ali Khamenei, has been installed as the next supreme leader.

‘I don’t believe he can live in peace,’ Trump said in an interview with Fox News chief foreign correspondent Trey Yingst.

The president touted what he described as the success of the joint U.S.-Israeli military operation.

‘Way beyond expectation in terms of result this early,’ Trump said.

More than 5,000 targets have been hit by the U.S. military since the operation was launched on Feb. 28, U.S. Central Command (CENTCOM) announced Monday.

‘When we attacked them first, we knocked out 50% of their missiles and if we didn’t, it would have been a much harder fight,’ Trump said.

He framed the opening strike as decisive and necessary.

‘No other President had the guts to do it…I don’t want some president who hasn’t got the courage in five years or in ten years to go in. It’s like a gun slinger, where he draws his gun first.’

‘If we waited three days, I believe we would have been attacked.’

Trump described what he called a surprise element in the timing of the operation.

‘Breakfast attacks are unusual and they were misled because they thought we weren’t going at that time and all that… And they just met. It was very, very surprising. And they all met together and it was open.’

‘If they would’ve had a bomb, they’d have used it on Israel and other parts of the Middle East. I think, and probably us, if they could get it there, but it would have been tough.’

Trump said Special Envoy Steve Witkoff and Jared Kushner told him Iran claimed it had enough enriched uranium to build 11 nuclear bombs.

‘I said, you know, they’re not playing this smart. Because they’re basically saying that I have to attack them. They should have just said, ‘We’re not going to build a nuclear missile.”

Asked whether he would be willing to speak with Iranian leaders, Trump said: ‘I’m hearing they want to talk badly.’

‘It’s possible, depends on what terms, possible, only possible… You know, we sort of don’t have to speak anymore, you know, if you really think about it, but it’s possible.’

Trump also said he was taken aback by Iran targeted Gulf countries in response to the American and Israeli attacks.

‘One of the things that surprised me most was when they attacked countries that were not attacking them,’ he said.

The president also weighed in on reports of a strike that hit a girls school. Iranian state media and UNICEF estimates put the death toll at roughly 165 to 180 people, most of them young schoolgirls, with dozens more injured. The figures have not been independently verified.

‘It’s only under investigation, but we are not the only ones with that particular rocket,’ Trump said.

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/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

1911 Gold Corporation (‘1911 Gold’ or the ‘Company’) (TSXV: AUMB) (OTCQX: AUMBF) (FRA: 2KY) is pleased to announce that, further to the news release dated February 20, 2026, the Company has closed the initial drawdown of US$15 million (the ‘Tranche 1 Amount’) under the loan agreement dated February 19, 2026 (the ‘Loan Agreement’) with Auramet International, Inc. (‘Auramet’), which provides for a US$30 million secured credit facility (the ‘Credit Facility’). It is anticipated that the proceeds from the Credit Facility, including the Tranche 1 Amount, will be used to advance critical operational milestones at the True North Gold Project, specifically providing the capital required to purchase essential mining equipment, underground development at the True North mine, and the installation of the new crushing circuit at the mill.

The outstanding principal amount under the Credit Facility accrues interest at a rate of 12% per annum calculated and payable monthly in arrears on the last business day of each calendar month; provided, however, that no interest shall accrue on the Tranche 1 Amount for a period of six months following the closing date of the initial drawdown of the Tranche 1 Amount (the ‘Closing Date‘). The Tranche 1 Amount shall be amortized and repaid to Auramet in 12 equal monthly instalments of US$1.25 million commencing on the date that is 13 months following the Closing Date and ending on the date that is 24 months following the Closing Date (the ‘Maturity Date‘).

The obligations under the Loan Agreement are secured by a first-ranking security interest on all personal property of the Company and a continuing collateral mortgage against the Company’s True North Gold Project and Rice Lake exploration properties. The Loan Agreement includes terms and conditions customary for a transaction of this nature, including certain specified positive and negative covenants and mandatory prepayment terms.

Subject to the satisfaction of certain conditions precedent, the remaining US$15 million of the Credit Facility will be made available during the period commencing on the date that is 90 days following the Closing Date and ending on the date that is 180 days following the Closing Date.

In consideration for the arrangement of the Credit Facility, on the Closing Date, the Company paid Auramet an arrangement fee of US$1,050,000, representing 3.5% of the aggregate principal amount of the Credit Facility, which fee was satisfied by the issuance of 1,369,600 common shares in the capital of the Company (‘Common Shares‘) at a deemed price of C$1.05 per Common Share. Additionally, in consideration for the lending of the Tranche 1 Amount, on the Closing Date, the Company paid Auramet a drawdown fee of US$375,000, representing 2.5% of the Tranche 1 Amount, which fee was satisfied by the issuance of 489,142 Common Shares at a deemed price of C$1.05 per Common Share, and issued to Auramet 4,500,000 common share purchase warrants of the Company (the ‘Tranche 1 Warrants‘), with each Tranche 1 Warrant exercisable to purchase one Common Share at an exercise price equal to C$1.07 per Common Share, representing a 10% premium to the 5-day volume-weighted average price of the Common Shares on the TSXV for the five consecutive trading days ending on (and including) the date of the Loan Agreement, with such Tranche 1 Warrants expiring on the Maturity Date, subject to acceleration.

The Common Shares and the Tranche 1 Warrants issuable pursuant to the Loan Agreement and the Common Shares underlying the Tranche 1 Warrants are subject to a four-month statutory hold period under applicable Canadian securities laws, which will expire on July 10, 2026.

The securities issuable pursuant to the Loan Agreement 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 U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

About Auramet

Auramet is a private company established in 2004 by seasoned professionals who have assembled a global team of industry specialists with over 400 years combined industry experience. It is one of the largest physical precious metals merchants in the world and has provided over $1.5 billion in term financing facilities to date. Auramet offers a full range of services, including physical metals trading, metals merchant banking (including direct lending), and project finance advisory services to all participants in the precious metals supply chain.

About 1911 Gold Corporation

1911 Gold is an advanced gold explorer and developer focused on its 100%-owned True North Gold Project in the Archean Rice Lake Greenstone Belt in Manitoba, Canada. The Company controls a large, highly prospective ~62,000-hectare land package with numerous past-producing gold operations within trucking distance of the fully built and permitted True North mine and mill complex. 1911 Gold is positioning itself to restart operations in 2027 and offers a unique, near-term production opportunity with significant exploration upside. The strategy is to build a district-scale gold mining operation around a centralized, and readily expandable infrastructure to support a socially and environmentally responsible, long-term mining operation with little development risk and a growing mineral resource base.

1911 Gold’s True North complex and the exploration land package are located within and among the First Nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks forward to maintaining open, cooperative, and respectful communications with all of our local communities and stakeholders to foster mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release contains forward-looking information or forward-looking statements within the meaning of applicable securities laws (collectively, ‘forward-looking statements‘). Often, but not always, forward-looking statements can be identified by the use of words and phrases such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or that describe a ‘goal’, or variations of such words and phrases, or statements that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved.

All statements that address expectations or projections about the future, including, but not limited to, statements about the use of proceeds of the Credit Facility, including the Tranche 1 Amount, the timing and ability of the Company to satisfy the conditions precedent in respect of the drawdown of the remaining principal amount under the Credit Facility and the Company’s objectives, goals and future plans and strategies, are forward-looking statements. 

All forward-looking statements reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, predictions, projections, forecasts, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the Company’s inability to satisfy the conditions precedent in respect of the drawdown of the remaining principal amount under the Credit Facility and the Company’s inability to repay the Credit Facility or comply with the covenants set out in the Loan Agreement.

Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to 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.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

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

SOURCE 1911 Gold Corporation

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Byron King, editor at Paradigm Press, shares his approach to the gold and silver sectors as tensions in the Middle East intensify, also touching on oil and gas.

Overall he sees hard assets becoming increasingly key as global uncertainty escalates.

‘Own gold, own silver — physically own the metal for your own benefit,’ said King.

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

This post appeared first on investingnews.com

Garrett Goggin, founder of Golden Portfolio, says although gold and silver haven’t gone mainstream yet, the metals — and the mining sector overall — have entered a new era.

‘It’s a real mind shift — it’s a new era in mining right here,’ he said.

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

This post appeared first on investingnews.com