Baru Gold announces to shareholders a non-brokered private placement consisting of up to 9,400,000 units priced at $0.085 per unit for total proceeds of $799,000. Each unit will comprise one common share in the capital of the Company and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase over two years one additional share at an exercise price of $0.115. The financing is expected to close on or before July 15, 2025, as this offering is fully committed. This Private Placement is subject to re-pricing if the stock price increases following the release of news and that the use of proceeds of this financing will be used for working capital. Baru and Quantum Metal Thailand Co., Ltd are still undertaking due ...

GoldQuest Mining Corp. "GoldQuest" or the "Company") is pleased to announce the closing of the second and final tranche of its previously announced non-brokered private placement of common shares in the capital of the Company , originally announced on May 14, 2025. The first tranche of the Private Placement closed on June 2, 2025. Under the Second Tranche, the Company issued 10,972,222 Common Shares at a price of C$0.50 per share to Guess Investments Ltd. , an existing shareholder and insider of the Company, for gross proceeds of C$5,486,111. Guess Investments Ltd. is owned and controlled by a group of Dominican nationals, highlighting the strong and growing support from local investors for GoldQuest's projects in the Dominican Republic. Combined with the First Tranche, the C...

Nicola Mining Inc. is pleased to announce that it has commenced production of gold and silver concentrate at its wholly owned Merritt Mill, located approximately 15 kilometers from Merritt, British Columbia. In a news release dated July 18, 2024, Nicola announced the processing of a bulk sample mill feed from Talisker Resources Ltd. . The current announcement marks the transition to a long-term production plan. Following extensive upgrades-including automation, gravity separation, and water recirculation systems that underscore the Company's commitment to the environmental stewardship-Nicola is positioned to become a leading milling hub for high-grade gold and silver in British Columbia. In addition to Talisker, Nicola has entered into a partnership with Blue Lag...

Arctic Blue Diamonds announced the acquisition of an 89.7 percent interest in the WO Diamond Project, which hosts the large, high-grade DO27 kimberlite. A 72.1 percent interest was acquired from Peregrine Diamonds, a subsidiary of De Beers, and a further 17.6 percent interest was acquired from Archon Minerals Ltd. Arctic Blue is part of the Arctic Blue Group, which includes Arctic Blue, an online diamond jewelry retailer offering a large selection of Canadian fluorescent diamonds on arcticblue.com. As operator of the WO Joint Venture ("WO JV"), Arctic Blue holds the diamond marketing rights of future diamond production.

The WO Project encompasses eight mining leases covering 5,815 hectares located approx. 11 kilometers (km) off the seasonal ice road, 23km from the Diavik Diamond Mine and 53km from the Ekati Diamond Mine.

DO27 is one of the largest diamond-bearing kimberlites in Canada. The pipe has a surface area of approx. 9 hectares and lies below a shallow lake with an area of approx. 1 square km and an average depth of approx. 4 meters (m). By comparison, all the kimberlites mined at the Diavik Diamond Mine have surface areas less than 2 hectares, and most of the kimberlites at the Ekati Diamond Mine have surface areas less than 3 hectares.

Extensive delineation and resource drilling has been undertaken at DO27, including 114 core holes (24,185m) and 46 large diameter reverse circulation holes (8,840m). DO27 has been explored in detail to a depth of approx. 350m and remains open further to depth.

Based on drilling completed to date, the DO27 kimberlite hosts the following Mineral Resources:



Tonnes

(1,000,000s)


Carats

(1,000,000s)


Grade

(cpt)

Indicated Mineral Resource


19.5


18.2


0.94



Notes:

-


Effective data is August 7, 2008

-


Dr. Ted Eggleston, RM SME and Ken Brisebois, P.Eng. are the Qualified Persons for the estimate.

-


Mineral Resources are stated at an effective 1mm bottom cutoff and are constrained within a conceptual mining shell based on assumptions of a diamond price of US$72/carat, 100% metallurgical recovery, US$2.05/t mining costs with an incremental $0.02 per 10m depth, US$19.96/t operating costs including on-site scrubbing and an estimate for trucking to, and processing at, an off-site diamond processing facility.

At depth, beneath the Indicated Mineral Resource, an additional 6.5-8.5 million tonnes of kimberlite grading in the range of 0.8-1.0 carats per tonnes (cpt) represents a target for further exploration. The potential quantity and grade of this target is conceptual in nature. Further resource drilling will be required to define an expanded mineral resource. It is uncertain whether additional exploration will result in the target being delineated as a mineral resource.

Independent valuations of diamonds recovered from DO27 were conducted in 2006 and 2007 by WWW International Diamond Consultants Ltd. ("WWW"). The 2007 valuation was based on a parcel of 2,075 carats. The DO27 Mineral Resource declared in 2008 assumed an average rough diamond price of US$72 per carat. In July 2014, WWW provided a report showing a general upward trend of rough diamond prices since the 2007 valuation. Based on independent rough diamond price indices, the average rough diamond price for the DO27 parcel is now projected to have increased to between US$90 and US$100 per carat.

Unlike most kimberlites, the DO27 ore is extremely soft with a very low density. Based on this, Peregrine Diamonds retained AMEC Americas Ltd. to develop an Ore Concentrate Option whereby a simple ore washing process removes high quantities of unwanted fines fractions below 1mm and retains the +1mm ore fractions for final processing at an off-site diamond recovery plant. Testing of the DO27 kimberlite confirmed that approx. 90 percent of the ore in the first 60m depth interval will report to fines after the washing process. This significantly reduces the volume of diamond-bearing ore to be transported to an off-site diamond plant.

Arctic Blue Executive Chair Patrick Evans commented: "As some of the existing diamond mines approach the end of their economic lives, DO27 offers the opportunity to extend the life of the existing diamond plants by producing a very high-grade diamond concentrate of over 80 carats per tonne suitable for shipment to existing diamond recovery facilities, or alternatively to a purpose-built facility in Yellowknife."

Mr. Evans added: "The extremely soft nature of the DO27 ore also opens the potential for the deployment of Underwater Remote Mining (URM) technology. Kimberlites with soft, low-density ore can be mined most efficiently using URM systems. Besides offering exceptionally low capital and operating cost opportunities, URM is the most sustainable form of mining, with minimal impact on the environment."

The URM system for kimberlites was developed by IHC Mining, a division of Royal IHC ("IHC") of The Netherlands, and is based on decades of deep-sea mining and trenching experience. In 2018, Dominion Diamond Mines contracted IHC to develop a URM system for deployment at the Ekati Diamond Mine in Canada's Northwest Territories. Over the past seven years, various elements of URM systems have been tested, and capital and operating costs have been modeled. The test results confirmed that the most suitable system for underwater kimberlite mining is the "Crawler" system.

As announced by IHC Mining on September 14, 2022: "The underwater mining crawler is a remote operated continuous mining machine, equipped with the latest underwater control and positioning equipment. The ore is directly excavated with a drum cutter in small layers and eliminates the need for blasting explosives. From the crawler, the ore is pumped to the surface of the flooded pit via a vertical pipeline system to the Launch and Recovery Platform, from where the ore is transported further to a dewatering plant. The crawler system is capable of operating at a water depth of up to 400 meters."

The Ekati Diamond Mine's first mining crawler has been built at IHC's facility in the United Kingdom.

While the WO Project remains on care and maintenance, environmental, geological, and engineering studies will be undertaken to assess development opportunities for the DO27 kimberlite, including the potential for deployment of URM technology and production of a high-grade diamond concentrate for offsite treatment and final diamond recovery.

About Arctic Blue Diamonds Ltd.

Arctic Blue Diamonds Ltd. is a private NWT corporation focused on the development of the DO27 kimberlite in Canada's Northwest Territories. The Company is part of the Arctic Blue Group, including the online diamond jewelry retailer Arctic Blue LLC which offers a large selection of Canadian diamonds through www.arcticblue.com.

www.arcticbluediamonds.com

SOURCE Arctic Blue Diamonds Ltd.

Surge Copper Corp. is pleased to announce that, due to strong investor demand, it has upsized its previously announced non-brokered equity financing from approximately $6.4 million to up to $10.4 million . The Offering is fully subscribed, with strong participation from both new and existing investors. The Offering will now consist of the following components: LIFE Offering: A non-brokered private placement of up to 19.2 million common shares at a price of $0.175 per share for gross proceeds of up to $3.4 million . This offering is being made under the "listed issuer financing exemption" , allowing issued shares to be freely tradable in Canada. The LIFE Offering is expected to close in two to three weeks. LIFE Charity Flow-Through Offering: A non-brokered private placement of...

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First Tellurium reports that PyroDelta Energy has received a favorable written opinion from the World Intellectual Property Office regarding its international patent application for capillary casted thermoelectric junction technology in its thermoelectric generator. The written opinion considers that all pending claims in the application are novel and inventive. A favorable written opinion is a milestone in the patent process, providing validation of the uniqueness and potential value of the capillary casted thermoelectric junction technology. This positive outcome strengthens PyroDelta's ...

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Bullion Gold Resources Corp. announces that its Australian partner Olympio Metals is continuing its drilling work on the Bousquet project. Highlights: The Bousquet project is located on the Cadillac Fault in Quebec , a regional structure associated with world-class gold mines . The current drilling program will be extended to include more drilling on the Amadee prospect, which appears to be on the same geological structure as the Paquin prospect. Outcrops at Amadee show mineralized smoky quartz veins, similar to those hosting high-grade gold mineralization at Paquin. Historic drilling at Amadee intersected extensive gold mineralization, including 1.52 m at 6.8 g/t Au from 16.8 m. First assay results from the current drilling program are expected from mid-July. Olympio Metals ...

Glenstar Minerals Inc. announces that it has completed the Phase 1 exploration work program on the Company's Wildhorse property, which is comprised of 61 mineral claims, representing 1,220 acres in Mineral County, Nevada. A series of rock chip samples were collected from several different sectors on the property, and a comprehensive, 1 km2 wide stream sediment sampling program was undertaken to screen all areas for undiscovered mineralization, including zones that are less well exposed or where there is no visible or evident outcropping. Field traverses have roughly mapped skarn alteration of basement rocks on the east and west flanks of a complex felsic to intermediate porphyry intrusion in the central portion of the property. Strong copper oxide mineralization is seen in sh...

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