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Sun Summit Adds Second Drill Rig to Follow Up on Success at Creek Zone and Provides Exploration Update from the JD Project, Toodoggone District

Investing 10 Mins Read

Sun Summit Minerals Corp. (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) (‘Sun Summit’ or the ‘Company’) is pleased to provide an update from its 2025 exploration program, including the addition of a second drill rig, at the JD Project, Toodoggone Mining District, north-central British Columbia.

Highlights:

  • Assays Pending: Assays from ten additional drill holes (totalling 3,340 meters) drilled at the Creek zone are pending.

  • Expansion of exploration program to 5,500+ meters: Over 5,500 meters of drilling is now planned at the JD Project, roughly 10% more than originally contemplated.

‘We are delighted to mobilize a second drill rig to the Creek Zone at the JD Property prior to the end of the drill season in order to follow up on the success from Hole CR-25-007,’ said Niel Marotta, CEO of Sun Summit Minerals. ‘The exceptional grades and strong continuity in this hole highlighted what we believe may be a new parallel zone, making it a top priority to test further while the drills are turning. We are also excited to begin drilling at the silver-rich Finn Zone, and, separately, to have completed 900 meters at Belle South, one of our most prospective porphyry targets. Expanding our understanding of mineralization at depth and the porphyry potential at JD will remain a key focus as we wrap up the 2025 program and look ahead to 2026 and beyond.’

Ongoing Exploration Program

The primary exploration goals at JD in 2025 are to advance and expand the Creek and Finn gold-silver targets and to generate and refine new priority targets across the project. Work is currently focused on the highly prospective 4.5 km long epithermal-related Finn to Creek corridor, as well as the 12 km long JD Porphyry trend. Exploration updates include:

Drilling at Creek Zone: Follow-up drilling has begun with a second drill rig at the Creek Zone. Holes are planned to follow-up and expand on results from CZ-25-007 (78.0 at 3.72 g/t gold, from 30.0 meters down hole). Step-out holes are designed to test the down-dip and northwest strike extent of strong epithermal-related gold mineralization intersected in CZ-25-007. The upper 78.0 meter interval of CZ-25-007 is in an area not previously tested by drilling and may represent a parallel zone of mineralization north of the main series of Creek Zone high-grade veins.

Drilling at Finn Zone: Drilling at the Finn Zone will include confirmation, infill, and step-out holes.  Holes are designed to evaluate the extent and continuity of high-grade and bulk-tonnage gold-silver mineralization, confirm structural controls and explore at depth to assess the geometry and grade of the mineralized footwall zone. Historical highlight intercepts (Figure 2) include:

  • 35.7 m of 7.26 g/t Au, 94 g/t Ag including 1.0 m of 215.4 g/t Au, 308 g/t Ag (JD95-0472)
  • 45.0 m of 3.02 g/t Au, 143 g/t Ag including 5.0 m of 8.18 g/t Au, 918 g/t Ag (JD95-0762)
  • 20.85 m of 8.76 g/t Au, 68 g/t Ag including 11.0 m of 15.1 g/t Au,108 g/t Ag (JD95-0972)
  • 22.0 m of 6.32 g/t Au, 46 g/t Ag including 12.6 m of 10.8 g/t Au, 66 g/t Ag (JD12-0033)

Drilling in the 1990s at the Finn zone primarily focused on a high-grade core covering an area of roughly 300 by 100 metres, with drill holes typically spaced at 25-metre intervals (see February 1, 2024, news release). Downhole sampling was inconsistent, leaving significant gaps in data, and several holes ended in strong gold-silver mineralization. Later drilling in 2012-2013 expanded the mineralized zone, extending it down-dip by 350 metres and along strike for 500 metres.

Drilling at Belle South: Over 900 meters of reconnaissance drilling across two holes at the Belle South Cu-Au porphyry target have now been completed. The significant Belle South magnetic-high was covered by the 2025 Phase I IP Survey, the results which have now been processed, inverted and interpreted (Figure 3 and see News Release Sept. 18, 2025). Similar to Amarc’s AuRORA discovery, Belle South demonstrates a strong chargeability-high coincident with a strong magnetic-high anomaly. Both holes have been logged and samples will be sent to the lab in the coming weeks. Results from the two holes will inform the geological understanding of one of the higher-priority porphyry targets identified this year within the project-scale 12 km long, JD Porphyry trend (see press release dated September 18, 2025).

Figure 1. Plan map showing drill collar location of CZ-25-007 and additional drill holes with pending results. The area of follow-up drilling is shown to the northwest of CZ-25-007. Selected highlights from the 2024 drill program at the Creek Zone are also shown (see October 2nd, 2024 and October 16th, 2024 news releases). See references below for sources of historical drill data.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/267497_2599b9ea04247855_001full.jpg

Figure 2. Map of the Finn Zone showing historical drill collar locations with selected highlights. The area targeted for 2025 drilling is outlined in red. See references below for sources of historical data.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/267497_2599b9ea04247855_002full.jpg

Figure 3. JD Porphyry Trend, Figure A: Map of the JD Project showing the recently acquired and compiled IP data (400m depth slice through the chargeability model). Inset photo looking south down McClair Creek showing parts of the 10 km long McClair Creek gossan. The Belle South porphyry target is situated above the gossan on a till covered plateau, where the coincident high-chargeability and high-magnetic intensity (Figure 3b) is located. Figure B. Map of the JD Project showing total magnetic intensity data acquired in 2021 overlain with IP lines and key target areas.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/267497_2599b9ea04247855_003full.jpg

Figure 4. Map of the Toodoggone District showing the location of the JD Project in relation to other development and exploration projects. Data sourced from Thesis, TDG and Centerra’s corporate websites. The QP has been unable to verify the information and that the information is not necessarily indicative to the mineralization on the property that is the subject of the disclosure.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/267497_2599b9ea04247855_004full.jpg

National Instrument 43-101 Disclosure

This news release has been reviewed and approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a ‘Qualified Person’ as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The historical technical information has not been verified by Sun Summit and may in some instances be unverifiable dependent on the existence of historical drill core and grab samples.

Community Engagement

Sun Summit is engaging with First Nations on whose territory our projects are located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations with ongoing exploration.

About the JD Project

The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold’s Lawyers and Ranch projects, TDG Gold’s Baker-Shasta projects, Amarc Resource’s AuRORA project, Centerra’s Gold’s Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine.

The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.

The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.

About Sun Summit

Sun Summit Minerals (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion and advancement of district scale gold and copper assets in British Columbia. The Company’s diverse portfolio includes the JD and Theory projects in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.

Further details are available at www.sunsummitminerals.com.

References

  1. Hawkins, P.A. (1998), 1997 Exploration Report on the Creek Zone for Antares Mining and Exploration Corporation and AGC Americas Gold Corporation, JD Property, Toodoggone River Area, Omineca Mining Division, Internal Report #98-065-1.

Link to Figures

Figure 1: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/09/SMN_JD_CZ007_20250903_Figure_1-scaled.jpg

Figure 2: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-4-scaled.jpg

Figure 3a: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/09/SMN_JD_IP_20250918_Fig1-scaled.jpg

Figure 3b: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/09/SMN_JD_IP_20250918_Fig2-scaled.jpg

Figure 4: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/09/SMN_JD_CZ007_20250903_V4_Figure-5.jpg

On behalf of the board of directors

Niel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com

For further information, contact:

Matthew Benedetto, Simone Capital
mbenedetto@simonecapital.ca
Tel. 416-817-1226

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as ‘anticipate’, ‘will’, ‘expect’, ‘may’, ‘continue’, ‘could’, ‘estimate’, ‘forecast’, ‘plan’, ‘potential’ and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, the timing of and size and scope of the drill program at the JD property; indications and results from drilling may be materially different; the Company’s exploration plans, expectations and forecasts. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the Company’s ability to complete the drill program as currently contemplated; the anticipated results based on current indications; risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. The forward-looking statements contained in this news release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267497

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Heritage Announces Favourable Amendment and Closing of the Melba Asset Purchase Agreement

Investing 7 Mins Read

(TheNewswire)

VANCOUVER, BC TheNewswire – September 23, 2025 Heritage Mining Ltd. (CSE: HML FRA: Y66) (‘ Heritage ‘ or the ‘ Company ‘) is pleased to announce further to the press release on July 22, 2025 has executed the asset purchase agreement with Advanced Gold Exploration Inc. to acquire a 75% interest in the Melba Mine (a former past producer from early-mid 1900’s) formalizing the Company’s entrance into the Kirkland Lake Gold District.

Melba Acquisition Highlights

    • In 1936, Melba Gold Mines Limited drilled 20 diamond holes that intersected the Blue Vein with visible gold reported in 10 of the first 18 holes (Assessment Diamond Drilling Report, May 15, 2023).

    • In 1939, The Teck-Hughes Mines Limited channeled and took a 4-ton bulk sample over 60 feet on the Blue Vein. The channel sample gave 10.327 ounces gold per ton over 4.5 feet and the bulk sample gave 0.210 ounces gold per ton (Assessment Diamond Drilling Report, May 15, 2023).

    • 2,000 tonnes of ‘mined material’ from underground workings that are on surface and with a complementing mining lease (Assessment Diamond Drilling Report, May 15, 2023).

‘The Melba Mine acquisition offers the Company exposure to the well-known mining camp (Kirkland Lake and Timmins). We would like to thank the Vendor, Advanced Gold Exploration Inc., for amending the terms of the agreement, specifically less dilution in near term. We look forward to communicating next steps in short order.’ Commented Peter Schloo, President CEO, and Director of Heritage

Melba Asset Purchase Agreement Summary:

Purchase Price

1. The consideration payable by Heritage to the Vendor for the 75% ownership interest in the Melba Mine shall be C$40,000 payable in cash to the Vendor for technical services over an 8 month period payable in equal C$5,000 monthly instalments, with the first instalment payable on the Closing Date (the ‘Cash Consideration’). Heritage also agrees to pay the Vendor the Consideration Shares (as defined below)(the Cash Consideration and the Consideration Shares collectively being the ‘Purchase Price’).

Closing of the acquisition is subject to customary conditions precedent for a transaction of this nature, including the approval of the Canadian Securities Exchange.

Melba Mine Property Description

The Melba Mine is located in Northwestern, Ontario, Canada Southwest of Matheson Ontario (Figure One) approximately seven kilometres west off the King’s Highway 11, on the section of highway travelling from Kirkland Lake to Cochrane. The Melba Mine is located on the west central part of Ontario close to the Ontario and Quebec border. It’s fortunate the location of the Melba Property lies within the central hub of over 100 years of mining activities, including active mining operations within the Abitibi Greenstone Belt.

The claim package includes single cell mining claims spanning 1,522.70 hectares and one mining lease.

Property Geology

The governing element of structure appears to be a contact between dioritic greenstone to the south and argillaceous greywacke to the north. The contact trends north 50-60 degrees west and dips northward. Whether the greywacke is part of a synclinal trough of sediments that are younger than the greenstone or whether it is part of a sedimentary band belonging to the greenstone series is an unknown factor at present. The greywacke is cut by dikes of porphyry that run parallel to the contact. The main gold bearing vein, usually described as the ‘Blue Vein’, also runs parallel to the contact but lies within the sediments. It strikes north 55 degrees west and dips northward 55 degrees. It is accompanied by shearing and alteration, also by a pattern of cross fracturing that has produced faulting in the main vein and has led to the development of irregular veins in the adjacent rocks. The main vein is displaced 60 feet (18.2 metres) northward near the shaft and other displacements have been found underground. The picture resembles that of the sedimentary belt in the Beatty-Munro area. Numerous feldspar porphyry, diorite and basic syenite dikes were intersected by the drilling. Overall, a significant amount of the drill core showed alteration, some highly, while carbonate stringers were numerous and visible gold was noted in drill core.


Click Image To View Full Size

Figure 1: Property Map – Melba Mine

Qualified Person

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

ABOUT HERITAGE MINING LTD.

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

For further information, please contact:

Heritage Mining Ltd.

Peter Schloo, CPA, CA, CFA

President, CEO and Director

Phone: (905) 505-0918

Email: peter@heritagemining.ca

FORWARD-LOOKING STATEMENTS

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

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

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

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

Copyright (c) 2025 TheNewswire – All rights reserved.

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Cartier Cuts 16.7 g/t Au over 2.1 m at Contact ; Strengthens Shallow High-Grade Gold Potential; Supports Expansion Drilling

Investing 11 Mins Read

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE: 6CA) is pleased to announce the first batch of results from Contact Sector and more precisely, the North Contact Zone (NCZ), from the fully funded 100,000-m drilling program (2 drill rigs) on its 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec).

Strategic Highlights from Contact Sector

Drill Results of NCZ (Figure 1)

  • Hole CA25-524 intersected 16.7 g/t Au over 2.1 m included in 5.9 g/t Au over 7.7 m with presence of visible gold grains , at a depth of 195 m (Figure 2).
  • Hole CA25-525 graded 4.3 g/t Au over 2.0 m at a depth of 180 m and 1.3 g/t Au over 12.0 m at a depth of 215 m.
  • Holes CA25-524 and CA25-525 are spaced 65 m apart.

Significance for Investors

  • Holes CA25-524 and CA25-525 confirm the presence of multiple shallow gold zones, exhibiting significant grades and widths , and outline a newly identified, large and high-grade gold system near surface . The mineralization extends over a minimum of 400 m in strike length by 300 m in depth , signaling significant upside potential .
  • Previous 2024 Cartier drill hole assay intervals, respectively 14.7 g/t Au over 4.3 m (hole CH24-173), 6.3 g/t Au over 4.0 m (hole CH24-177) and 5.7 g/t Au over 4.0 m (hole CH24-176), had successfully and summarily recognized this intense mineralization footprint (see Cartier news release dated October 16, 2024 and titled ″ Cartier cuts a broad high-grade gold system at East Cadillac; with 14.7 g/t Au over 4.3 m within 20.6 m grading 5.2 g/t Au ″) .
  • More Important is that this area has rock exposure and just beneath 5 m of overburden , NCZ highlights strong potential for low-cost and near-surface operation . This shallow depth opens the door to flexible and alternative mining scenarios that can enhance Cadillac project economics .

Next Steps

  • Additional drilling is required on NCZ to confirm geological continuity , expand gold mineralization (150-300 m), extend footprint closer to surface (0-150 m) and advance toward a future gold inventory .
  • Further exploration drilling is already planned to test several new high-priority regional targets at Contact Sector, backed by detailed structural and geological modelling and VRIFY’s artificial intelligence (AI) driven targeting , reinforcing the potential for additional gold discoveries .

‘ The North Contact Zone continues to deliver strong results and, most importantly, provides strategic flexibility for the development of the Cadillac project. The near-surface operation potential enhances the attractiveness of NCZ and significantly contributes to the overall scale and value of the project . ‘ – Philippe Cloutier, President and CEO of Cartier.

‘ The higher-grade gold intercepts are located near the sheared geological contact between the mafic to intermediate volcanics (Louvicourt Group) and the sedimentary rocks (Cadillac Group). This difference in rock hardness (rheological contrast) creates an ideal setting for mineralizing fluids and gold deposition. Hole CA25-524 confirms the good continuity of mineralization, which remains open both at depth and laterally. These results reinforce our belief that the Contact Sector holds significant gold growth potential. ‘ – Ronan Deroff, Vice President Exploration of Cartier.

Figure 1 : Plan view, cross and long sections of the Contact Sector

Figure 2 : Photos of the drill core from hole CA25-524

Table 1 : Drill hole best assay results from Contact Sector

Hole Number From (m) To (m) Core Length** (m) Au (g/t) Uncut Vertical Depth (m) Zone
CA25-523 207.0 213.0 6.0 0.9* ≈155 North Contact (3)
CA25-524 227.8 235.5 7.7 5.9* ≈195 North Contact (3)
Including 228.4 230.5 2.1 16.7*
CA25-525 201.4 203.4 2.0 4.3 ≈180 North Contact (1)
And 233.8 246.0 12.2 1.3 ≈215 North Contact (2)
And 277.0 285.0 8.0 1.2 ≈255 North Contact (3)
And 295.0 303.0 8.0 1.0 ≈270 North Contact (3)

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 55–80 % of the reported core length intervals.

Contact Sector

The Contact Sector is a highly prospective area featuring the North Contact Zone (‘NCZ’) and several newly defined high-priority drill targets.

The NCZ lies along an east-west trending, strongly sheared corridor (Héva Fault Zone), situated approximately 900 m north of the Cadillac Fault Zone, and occurs at the contact between the hanging wall mafic to intermediate volcanics (basalt to andesite) of Louvicourt Group and the footwall turbiditic sedimentary rocks (wacke-mudrock) of Cadillac Group. This lithological contact is a favorable horizon for hydrothermal fluid flow, likely related to synvolcanic gold deposition.

The NCZ, defined by at least three parallel gold-rich zones, are typically and primarily associated with a fine-grained and disseminated arsenopyrite-pyrrhotite mineralization, with a pervasive biotite-chlorite-carbonate alteration, all crosscut by late-stage smoky quartz vein and veinlet stockworks containing visible gold. Locally, accessory minerals such as sphalerite, galena and tourmaline are observed.

Milestones of 2025-2027 Exploration Program

100,000 m Drilling Program (Q3 2025 to Q2 2027)

The ambitious 600-hole drilling program will both expand known gold zones (Brownfield Growth) and test new shallow surface high-potential targets (Greenfield Discovery). The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac Fault Zone. It is important to note that Cartier’s recent consolidation of this large land holding offers the unique opportunity in over 90 years for unrestricted exploration.

Environmental Baseline Studies & Economic Evaluation of Chimo mine tailings (Q3 2025 to Q3 2026)

The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization. The initial baseline studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the economic potential of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically.

Table 2 : Drill hole collar coordinates from Contact Sector

Hole Number UTM Easting (m) UTM Northing (m) Elevation (m) Azimuth (°) Dip (°) Hole Length (m)
CA25-523 335670 5320160 364 207 -54 234
CA25-524 335670 5320160 364 211 -65 282
CA25-525 335670 5320160 364 224 -72 312


Table 3 : Drill hole detailed assay results from Contact Sector

Hole Number From (m) To (m) Core Length* (m) Au (g/t) Uncut Vertical Depth (m) Zone
CA25-523 168.0 169.0 1.0 2.2 ≈125 North Contact (2)
And 196.6 197.1 0.5 2.2 ≈140 North Contact (3)
And 207.0 213.0 6.0 0.9 ≈155 North Contact (3)
Including 207.0 208.0 1.0 2.0
Including 208.5 209.0 0.5 1.5*
Including 212.0 213.0 1.0 1.7
CA25-524 227.8 235.5 7.7 5.9 ≈195 North Contact (3)
Including 227.8 228.3 0.5 1.9
Including 228.3 228.9 0.6 18.4
Including 228.9 229.4 0.5 26.9*
Including 229.4 229.9 0.5 1.9*
Including 229.9 230.4 0.5 19.4
Including 232.0 233.0 1.0 4.1
Including 233.0 234.0 1.0 1.6
Including 234.0 235.0 1.0 1.5
Including 235.0 235.5 0.5 1.4
CA25-525 201.4 203.4 2.0 4.3 ≈180 North Contact (1)
Including 201.4 202.4 1.0 5.7
Including 202.4 203.4 1.0 2.8
And 233.8 246.0 12.2 1.3 ≈215 North Contact (2)
Including 233.8 234.8 1.0 1.4
Including 235.7 236.7 1.0 3.0
Including 236.7 237.5 0.8 3.5
Including 239.0 240.0 1.0 2.3
Including 243.0 244.0 1.0 1.3
Including 245.0 246.0 1.0 2.0
And 277.0 285.0 8.0 1.2 ≈255 North Contact (3)
Including 277.0 278.0 1.0 1.7
Including 279.6 280.1 1.0 1.1
Including 282.0 283.0 1.0 2.3
Including 284.0 285.0 1.0 2.1
And 290.1 291.0 0.9 1.9 ≈260 North Contact (3)
And 295.0 303.0 8.0 1.0 ≈270 North Contact (3)
Including 295.0 296.0 1.0 2.1
Including 300.0 301.0 1.0 1.6
Including 302.0 303.0 1.0 1.8

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 55–80 % of the reported core length intervals.

Quality Assurance and Quality Control (QA/QC) Program

The drill core from the Cadillac Project is NQ-size and, upon receipt from the drill rig, is described and sampled by Cartier geologists. Core is sawn in half, with one half labelled, bagged and submitted for analysis and the other half retained and stored at Cartier’s coreshack facilities located in Val-d’Or, Quebec, for future reference and verification. As part of Quality Assurance and Quality Control (QA/QC) program, Cartier inserts blank samples and certified reference materials (standards) at regular intervals into the sample stream prior to shipment to monitor laboratory performance and analytical accuracy.

Drill core samples are sent to MSALABS’s analytical laboratory located in Val-d’Or, Quebec, for preparation and gold analysis. The entire sample is dried and crushed (70% passing a 2-millimeter sieve). The analysis for gold is performed on an approximately 500 g aliquot using Chrysos Photon Assay technology, which uses high-energy X-ray excitation with gamma detection to quickly and non-destructively measure gold content.

Alternatively, samples are submitted to Activation Laboratories Ltd. (‘Actlabs’), located in either Val-d’Or or Ste-Germaine-Boulé, both in Quebec, for preparation and gold analysis. The entire sample is dried, crushed (90% passing a 2-millimetre sieve) and 250 g is pulverized (90% passing a 0.07-millimetre sieve). The analysis for gold is conducted using a 50 g fire assay fusion with atomic absorption spectroscopy (AAS) finish, with a detection limit up to 10,000 ppb. Samples exceeding this threshold are reanalyzed by fire assay with a gravimetric finish to determine high-grade values accurately.

Both MSALABS and Actlabs are ISO/IEC 17025 accredited for gold assays and implement industry-standard QA/QC protocols. Their internal quality control programs include the use of blanks, duplicates, and certified reference materials at set intervals, with established acceptance criteria to ensure data integrity and analytical precision.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″NI 43-101″).

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

Using a gold price of US$1,750/oz, a Preliminary Economic Assessment demonstrated the economic viability of a 2-km segment, compared to the 15 km that will be the subject of the 100,000 m drilling program, with an average annual gold production of 116,900 oz over a 9.7-year mine life. Indicated resources are estimated at 720,000 ounces (7.1 million tonnes at 3.1 g/t Au) and inferred resources at 1,633,000 ounces (18.5 million tonnes at 2.8 g/t Au). Please see the NI 43-101 ″Technical Report and Preliminary Economic Assessment for Chimo Mine and West Nordeau Gold Deposits, Chimo Mine and East Cadillac Properties, Quebec, Canada, Marc R. Beauvais, P.Eng., of InnovExplo Inc., Mr. Florent Baril of Bumigeme and Mr. Eric Sellars, P.Eng. of Responsible Mining Solutions″ effective May 29, 2023.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise, a track record of successful exploration, and a fully funded program to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

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

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/a2035ed2-e0a9-4ad6-b771-5a7d2b92c61a
https://www.globenewswire.com/NewsRoom/AttachmentNg/1a00d4ec-2b20-4713-ae0d-7acfd399c090

News Provided by GlobeNewswire via QuoteMedia

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Supreme Court dusts back administrative state in win for Trump, blow to Biden-appointed FTC commissioner

Politics 3 Mins Read

The Supreme Court on Monday backed President Donald Trump’s decision to fire a commissioner on the Federal Trade Commission, sending yet another signal that the high court intends to revisit a 90-year-old court precedent about executive firing power.

The temporary decision to maintain Biden-appointed Commissioner Rebecca Slaughter’s termination was issued 6-3 along ideological lines. The Supreme Court set oral arguments in the case for December.

Trump’s decision to fire Slaughter and another Democrat-appointed commissioner, Alvaro Bedoya, faced legal challenges because it stood in tension with the FTC Act, which says commissioners should only be fired from their seven-year tenures for cause, such as malfeasance.

Trump fired Slaughter and Bedoya shortly after he took office without citing a cause other than the president’s broad constitutional authority over the executive branch. Bedoya resigned, but Slaughter vowed to fight her firing in court and see the case through to its conclusion.

A lower court initially sided with Slaughter and reinstated her, but she has since been fired and rehired several times as her case made its way to the Supreme Court. Monday’s decision came after the Trump administration asked the high court on an emergency basis to temporarily pause Slaughter’s reinstatement while it considers the merits of the case.

The Supreme Court’s decision to keep Slaughter’s firing intact means she will remain sidelined from the FTC until after the high court hears arguments about the case in December.

The case raises a pivotal question of whether Trump has the ability to fire members of independent agencies as the president pushes for a more unified executive branch. Independent agencies, such as the FTC, various labor boards and the Securities and Exchange Commission, have long been insulated by law from at-will firings.

Slaughter had argued to the Supreme Court that siding with Trump, even on an interim basis, directly flew in the face of the precedent set in Humphrey’s Executor vs. the United States, which deemed President Franklin D. Roosevelt’s firing of an FTC commissioner unlawful.

Legal experts have speculated that the current conservative-leaning Supreme Court is interested in narrowing or reversing Humphrey’s Executor, which could carry broader implications about a president’s ability to fire members of certain independent agencies.

The three liberal justices dissented and would have denied Trump’s stay request. Writing for the dissent, Justice Elena Kagan speculated that the court’s majority may be ‘raring’ to reverse Humphrey’s Executor. She said, though, that it should not make decisions on the shadow docket that contravene that precedent and instead wait until such a reversal happens.

‘Our emergency docket should never be used, as it has been this year, to permit what our own precedent bars,’ Kagan wrote. ‘Still more, it should not be used, as it also has been, to transfer government authority from Congress to the President, and thus to reshape the Nation’s separation of powers.’

Fox News Digital reached out to a representative for Slaughter for comment.

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Why ABC brings back Jimmy Kimmel today after its debacle over free speech

Politics 5 Mins Read

In the end, Disney and ABC had absolutely no choice but to rehire Jimmy Kimmel.

The reason the late-night host is returning to the air tonight is that this whole thing has been an utter PR debacle for ABC, and more personally for Disney chief Bob Iger, who even got whacked by his predecessor as CEO, Michael Eisner, accusing him of bowing to ‘out-of-control intimidation.’

I don’t think I’m going out on a limb in saying that Iger’s reputation is shattered forever.

The company became the poster child as a high-profile opponent of free speech — a deadly label for a news organization like ABC.

So the ‘indefinite’ suspension is over.

I could sniff that things were moving in this direction when I learned the two sides were talking. And when Disney asked Kimmel for a second meeting the other day, I knew the only question was which day he’d be back.

Let’s revisit the dumb and inaccurate comment that got Kimmel in trouble. And remember, like Stephen Colbert, he is so vociferously anti-Trump that he surrendered half his audience:

‘We hit some new lows over the weekend with the MAGA gang desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them.’  

First, it was beyond tone-deaf, with feelings rubbed so raw over Charlie Kirk’s assassination. And the killer is not ‘MAGA,’ just another crazed lunatic who said he was acting out of ‘hatred’ for Kirk, but also sympathetic to gays and transgender people like his roommate and romantic partner.

At the same time, there was pressure from the FCC, with Chairman Brendan Carr blundering by saying he would act on Kimmel if ABC didn’t. Even Carr’s allies, like Ted Cruz, said he sounded like a mob boss by declaring ‘we can do it the easy way or the hard way.’

Nice little network you got here – be a shame if anything happened to it. Carr walked it back the next day.

What Kimmel said wasn’t the worst thing ever uttered on the air, and maybe in a month it would have passed unnoticed. But not so soon after the targeted assassination.

With that kind of blatant government pressure, ABC caved and took Kimmel off the air as he was about to tape last Wednesday’s show – and was said to be preparing an even tougher monologue about the Kirk killer. Again, he failed to read the electronic room.

It was downhill from there.

For anyone who believes in free speech – and that includes some Democrats who don’t agree with Kirk on just about anything–Disney and ABC were now the enemy.

Howard Stern, Kimmel’s closest friend – their families vacation together – said yesterday he had canceled his Disney+ subscription, as did Robin Quivers. After conferring with Kimmel, he said on his first live show since the suspension:

‘When the government says, ‘I’m not pleased with you, so we’re going to orchestrate a way to silence you,’ it’s the wrong direction for our country. It isn’t good.’

Stern called the suspension ‘horrible’ and ‘outrageous’ for such a ‘big talent… You can’t support this kind of a move. I don’t care whether you like Jimmy or not. It’s about freedom of speech. If ABC wanted to fire Jimmy because they didn’t like him, or he had low ratings — they didn’t want to fire him. They’re being pressured by the United States government. We can’t have that, not if we’re going to have a democracy.’

Howard has an awful lot of followers on Sirius XM that would take their cue from him. 

Some 400 celebrities signed an ACLU letter calling this ‘a dark moment for freedom of speech in our nation.’ These include Jennifer Aniston, Jason Bateman, Robert De Niro, Jane Fonda, Selena Gomez, Tom Hanks, Olivia Rodrigo, Ben Stiller, Jamie Lee Curtis, Julia Louis-Dreyfus, Maggie Gyllenhaal, Michael Keaton, Regina King, Diego Luna, Lin-Manuel Miranda, Natalie Portman, Maya Rudolph, Martin Short and Kerry Washington.

This is the kind of thing that Hollywood really cares about, the bold-faced names.

Kimmel is said to be concerned about the jobs of dozens of producers, staff members and contractors who would lose their livelihoods if the show was deep-sixed.

Disney made a point of saying in its statement that Kimmel was suspended because ‘we felt some of the comments were ill-timed and thus insensitive.’ But ‘thoughtful’ conversations led to Jimmy’s return.

Whether you like Kimmel or not, no company can withstand that kind of pressure, even if it goes against the wishes of Donald Trump, who celebrated the suspension.

Now here’s the challenge Kimmel and Disney/ABC faced.

The suits had already been urging Kimmel to tone down the attacks against Trump. But Kimmel, who has hosted the program since 2003, and parlayed that into Oscars-hosting gigs, has always insisted on his independence. He’s arguably the most famous face at the network.

I played a small role in this last year by asking Trump about Kimmel after the Oscars, and the candidate slammed him, escalating their feud. Jimmy even took a swipe at me (horrors).

So perhaps with a wink and a nod, Kimmel has now agreed to tone things down a tad and the brass has agreed to let him basically say what’s on his mind.

Jimmy Kimmel is the only clear winner in this.

Everyone else – Disney, Bob Iger, Brendan Carr, ABC – is unmistakably a loser and will forever be branded, fairly or otherwise, as cowardly opponents of free speech.

And hey, ratings for tonight’s show should be through the roof. 

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Tit for tat: House censures are becoming ‘snap’ solutions

Politics 7 Mins Read

The House of Representatives censured the late Roderick Butler, R-Tenn., in 1870 for taking a bribe for a military academy appointment. 

The House also censured late Rep. Thomas Blanton, D-Texas, in 1921 for inserting a document into the Congressional Record which contained obscene language.

And late Rep. Gerry Studds, D-Mass., faced censure in 1983 for having sex with a 17-year-old page. 

Those are three of the 28 Members ever censured by the House.

 Rep. Ilhan Omar, D-Minn., did not become the 29th Member slapped with censure recently.

That’s probably because Rep. Cory Mills, R-Fla., was one of four Republicans who joined Democrats to block a censure of Omar. And in so doing, Mills may very well have prevented himself from becoming the 30th House Member to be censured.

Censure is the second-highest form of discipline in the House. It falls between a reprimand and expulsion. Censure is more than a regular foul in a soccer game. Kind of like a yellow card, which serves as a caution. But it’s not a red card, either, which triggers ejection.

That said, censure has become a ‘thing’ in recent years on Capitol Hill. If the House were to ever consider censuring any Member, such an inquest would go behind closed doors with the Ethics Committee. An inquiry may take months.

No more. ‘Snap’ censures are now fashionable in the House of Representatives.

Here’s how it works:

Someone thinks someone says a colleague says something outrageous. So they just prep a censure measure, go over the head of the Congressional leadership by making their resolution privileged (meaning the House must consider it within two days) and, if the House votes in favor of your gambit, that Member is censured.

Done.

Rep. Nancy Mace, R-S.C., crafted a resolution to censure Omar and strip the Minnesota Democrat from her committee assignments. Mace accused Omar of using inflammatory rhetoric in the wake of Charlie Kirk’s assassination.

During an appearance on the news outlet Zeteo, Omar claimed ‘there is nothing more effed up, than to completely pretend that his words and actions have not been recorded and in existence for the last decade or so.’ Mace’s resolution quoted from a profane social media video not produced by Omar — but reposted by her — which fired invective at Kirk.

Mace’s maneuver came as leaders from both sides tried to urge calm at the Capitol amid the assassination of Charlie Kirk.

‘Every leader has an obligation to lower the temperature right now,’ said House Democratic Caucus Chairman Pete Aguilar, D-Calif. ‘I disagree with the retweet of one of our one of our colleagues.’

Aguilar said that Mace’s resolution to sanction Omar was not ‘helpful.’

‘Every member of Congress, and certainly the President of the United States, have a responsibility to take the temperature down,’ said House Minority Leader Hakeem Jeffries, D-N.Y. ‘Nancy Mace wants to lecture Ilhan Omar and Democrats about civility? Are you kidding me? It’s not a serious effort. It’s an effort to drive donors into her gubernatorial campaign.’

For his part, House Speaker Mike Johnson, R-La., didn’t try to sidetrack Mace. He declared that ‘Members have a prerogative to file privileged motions.’ 

‘What she did was outrageous and dangerous. And there has to be accountability in the House for these kinds of activities,’ said Johnson. ‘I don’t understand why she uses that kind of language.’

Mace and Omar wound up tangling over the censure resolution on X. 

‘One-way ticket to Somalia with your name on it, Ilhan Omar,’ posted Mace.

‘I am going soon, so please drop off the tickets on your way to your office. I am next door,’ retorted Omar. 

The Minnesota Democrat added that Mace was either not ‘well or smart.’ She added ‘you belong in rehab, not Congress.’

Democrats defended Omar.

‘When we are all trying to take the political temperature down, when we are all trying to work to be able to approach our differences with humanity and stand out against political violence, this is the wrong move,’ said House Minority Whip Katherine Clark, D-Mass.

But lawmakers from both sides are growing weary of the censure trap.

‘Every time a Republican in this House is offended, they pile on censure resolution,’ said Rep. Alexandria Ocasio-Cortez, D-N.Y. ‘I’m not here to be fighting over whatever people’s schoolyard thing is for the day.’ 

‘It’s escalation,’ said Rep. Don Bacon, R-Neb., of Mace’s maneuver. ‘You’ve got to remember, we’re going to be in the minority someday. We’ll be on the receiving end of this.’

Bacon added that Congress is now ‘better at shaming people versus legislating.’

Ultimately, the House never took a direct vote on sanctioning Omar. Democrats instead moved to ‘table’ or kill the resolution. That blocked an actual up/down vote on disciplining Omar. The House then voted 214-213 in favor of tabling Mace’s measure. All 210 Democrats who cast ballots voted to table. But four Republicans joined Democrats: Reps. Mike Flood, R-Neb., Jeff Hurd, R-Colo., Tom McClintock, R-Calif., and Mills.

A ballot by Mills against tabling would have reversed the final tally to 214-213. That means the House would have proceeded immediately to the actual vote to censure Omar. But Mills’ vote with the Democrats froze Mace’s effort.

It’s unclear if Mills based his decision on self-preservation. But had the House censured Omar, it would have undoubtedly triggered a resolution by Rep. Greg Casar, D-Texas, to sanction Mills.

Casar’s resolution accused Mills of assault – which Casar denies. It also alleged that Mills improperly received the Bronze Star when he served in the Army. But once the House diffused the Omar measure, Casar withdrew his plan for Mills.

Flood explained his vote to table.

‘I’m going to vote in ways that support the Ethics Committee,’ said Flood. ‘If we were to pursue a censure action against this Representative, that should be referred to the Ethics Committee. It should be investigated. There should be due process. There should be a back and forth before you issue a censure.’

Mace excoriated her Republican colleagues who voted to table.

‘They didn’t stand with Charlie Kirk. They didn’t stand with the millions of Americans mourning his death. They stood with the one who mocked his legacy. They showed us exactly who they are. And we won’t forget,’ said Mace in a statement.

But censure is now en vogue.

The House censured no members between Studds in 1983 and late Rep. Charlie Rangel, D-N.Y. in 2010. But five Members have felt the weight of censure since 2021.

The House voted to censure Rep. Paul Gosar, R-Ariz., for posting a cartoon video depicting him killing Ocasio-Cortez.

Republicans then began returning the favor.

The House voted to censure former Rep. and now Sen. Adam Schiff, D-Calif., for how he handled the Russiagate investigation. Rep. Rashida Tlaib, D-Mich., faced censure for her comments after Hamas attacked Israel. The House censured former Rep. Jamaal Bowman, D-N.Y., for pulling a false fire alarm. And the House voted earlier this year to censure Rep. Al Green, D-Texas, for heckling President Trump during his State of the Union speech. 

Members have embraced censure lately. Those censured have characterized it as a ‘badge of honor.’ They’ve fundraised off censure. Their colleagues have even engineered a pep rally in the well of the chamber to drown out the House Speaker when he issues the censure.

This probably won’t be the House’s last dalliance into the realm of censure.

‘It just seems like every week or so we want to censure somebody for something,’ lamented Rep. Troy Nehls, R-Tex., who is no fan of Omar. ‘A lot of people say a lot of stupid stuff around here.’ 

This is Congress. So you can bet that someone will say some ‘stupid stuff’ soon. And unless lawmakers can restore some calm, there will be another effort to censure someone else any day now.

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Jury soon to decide fate of Trump golf course alleged gunman Ryan Routh

Politics 2 Mins Read

Jurors in Fort Pierce, Florida, are expected to begin deliberations Tuesday on the federal criminal charges brought against Ryan Routh, the man accused of attempting to assassinate then-presidential candidate Donald Trump at his golf course in Florida last year.

Routh, who has been representing himself in the federal criminal trial, ended his defense after less than a day on Monday. He called only three witnesses, and told U.S. District Judge Aileen Cannon that he would not be taking the stand to testify in his own case, a notion he had previously considered. 

Both the prosecution and defense formally rested their cases at 2:20 p.m., and Cannon ordered the court to reconvene for closing arguments Tuesday at 9 a.m.

Prosecutors and Routh will take turns presenting their closing arguments to jurors, followed immediately by jury deliberations, Cannon said, before instructing the jury on the deliberation process.

Cannon instructed jurors to consider whether prosecutors met the standard for conviction on each of the five federal charges against Routh. The 59-year-old has pleaded not guilty to all counts, which include attempting to assassinate a major presidential candidate, assaulting a federal officer, and multiple firearms offenses.

A verdict in the case could come as early as Tuesday or Wednesday, pending the length of the closing arguments and the deliberation time needed. If convicted, Routh could face a maximum of life in prison.

The closing arguments come after Routh rested his case after just hours of presenting arguments to jurors. He called only three witnesses, and did not introduce new evidence.

His ‘pro se’ defense starkly contrasts with the prosecution’s, which spent nearly two weeks carefully and extemporaneously making its case against Routh to a jury in Fort Pierce, Florida.

In that span, jurors heard from 38 witnesses and reviewed hundreds of exhibits — text messages, call logs, bank records, and cellphone data — linking Routh to the alleged gun purchase and placing him near Trump International Golf Club in West Palm Beach in the weeks before the alleged attempted assassination.

Shortly before the defense rested, Cannon asked Routh if he had any more motions for acquittal. He said he did not.

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Trump to give ‘tough talk’ on globalism ‘failures,’ while highlighting ‘return of American strength’ at UNGA

Politics 3 Mins Read

President Donald Trump will highlight the ‘return of American strength’ in his second administration during his speech at the United Nations General Assembly Tuesday, while delivering ‘blunt’ and ‘tough talk’ about the ‘failures of globalism,’ a White House official told Fox News Digital.

The president is scheduled to deliver his first address of his second administration at the UN General Assembly in New York City Tuesday just before 10 a.m.

A White House official gave Fox News Digital an exclusive preview of the president’s address.

‘President Trump has effectively restored American strength on the world stage,’ a White House official told Fox News Digital. ‘His historic speech at the United Nations General Assembly will highlight his success in delivering peace on a scale that no other president has accomplished, while simultaneously speaking bluntly about how globalist ideologies risk destroying successful nations around the world.’

The president is expected to highlight his successful efforts to negotiate peace around the world—specifically, Armenia and Azerbaijan; Thailand and Cambodia; Rwanda and the Democratic Republic of the Congo; among others.

The president is also expected to highlight his strikes against narcoterrorists from Venezuela.

Earlier this month, a U.S. military strike blew apart a Venezuelan drug boat in the southern Caribbean, leaving nearly a dozen suspected Tren de Aragua narcoterrorists dead. And last week, the president announced that the U.S. military had carried out its second kinetic strike on Venezuelan drug trafficking cartels.

Also last week, the president announced that he ordered a lethal strike on a vessel allegedly linked to a designated terrorist organization conducting narcotrafficking in the U.S. Southern Command’s area of responsibility. That strike left three narcoterrorists dead.

‘Intelligence confirmed the vessel was trafficking illicit narcotics, and was transiting along a known narcotrafficking passage en route to poison Americans,’ Trump posted to his Truth Social announcing the strike.

The president is also expected to highlight his ‘Operation Midnight Hammer,’ which marked the largest B-2 operational strike in history and represented the United States’ move to deliver a decisive blow against Iran’s nuclear program back in June.

Trump’s historic precision strikes on Iran’s nuclear sites hit their targets and ‘destroyed’ and ‘badly damaged’ the facilities’ critical infrastructure—an assessment agreed upon by Iran’s Foreign Ministry, Israel, and the United States.

Trump is also set to detail his work to ‘deliver historic peace deals in decades-long conflicts,’ the official told Fox News Digital.

Meanwhile, the president’s speech will also feature ‘some blunt, tough talk about the failures of globalism.’

‘This will include the global migration regime, energy and climate, and how these ideologies pushed by globalists are on the verge of destroying successful nations,’ a White House official told Fox News Digital.

The president is also expected to discuss America’s position as a ‘defender of western civilization.’

‘As the president delivers peace in major conflicts around the world, what has the United Nations been doing?’ the official said.

After his speech at the United Nations, the president is expected to have meetings with the Secretary-General of the United Nations, António Guterres; Ukrainian President Volodymyr Zelenskyy; the president of Argentina, Javier Milei; and the president of the European Commission, Ursula von der Leyen.

The president is also scheduled to have a multilateral meeting with leaders from Qatar, Jordan, Turkey, Pakistan, Indonesia, Egypt, the UAE and Saudi Arabia.  

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Charbone Hydrogen

Investing 8 Mins Read

Investor Insight

Charbone Hydrogen offers a compelling investment opportunity in the US$89 billion Ultra High Purity (UHP) and low-carbon intensity hydrogen market, leveraging a decentralized approach for scalable plant deployment and focusing on environmentally friendly production to reduce carbon footprints.

Overview

Charbone Hydrogen (TSXV:CH,OTCQB:CHHYF,FWB:K47) is an integrated company specialized in Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and the Asia-Pacific region. It is developing a modular network of green hydrogen production while partnering with industry players to supply helium and other specialty gases without the need to build costly new plants. This disciplined strategy diversifies revenue streams, reduces risks, and increases flexibility.

Charbone has recently accelerated its growth trajectory, securing a US$50 million financing to expand across North America, executing a US$1 million collaboration agreement to advance a green hydrogen project in Malaysia, and achieving multiple milestones at its flagship Sorel-Tracy facility in Québec.

With its exclusive focus on UHP green hydrogen, Charbone is positioning itself as a first mover in a multi-billion-dollar market. Leveraging Canada’s abundant hydroelectric power and expanding nuclear capacity, Charbone plans to deliver sustainable hydrogen solutions that meet rising demand from both governments and global industries.

Company Highlights

  • Canada’s only publicly listed green hydrogen company: Charbone Hydrogen offers investors unique exposure to the fast-growing hydrogen economy as a company focused on green hydrogen production and distribution.
  • Building a North American green hydrogen pipeline: The company is advancing multiple projects, anchored by its flagship Sorel-Tracy facility in Québec, to establish a scalable production and distribution network.
  • Well-financed for growth and expansion: Charbone secured a US$50 million financing, facilitated by US Capital Global, to accelerate funding of modular build-out and expand its footprint across North America.
  • Expanding into international markets: Through a US$1 million master collaboration agreement, Charbone is supporting the deployment of a green hydrogen project in Malaysia, highlighting its global reach.
  • Aligned with strong policy and market tailwinds: For years, Canada leaned on centralized, fossil-based reformers. That playbook is obsolete. Now, Quebec’s hydropower surplus runs electrolyzers that split H₂O into H₂ and O₂ with zero carbon footprint. Charbone’s plug-and-play approach repurposes proven gear, slashing lead times and trimming capex. Charbone is well-placed for long-term growth.
  • Exclusive focus on ultra-pure green hydrogen production: Charbone is dedicated to producing hydrogen using renewable hydroelectric and nuclear energy — a critical pathway to decarbonization and huge demand of ultra-high purity hydrogen in electronics and military sectors.

Project Pipeline and Key Partnerships

Charbone forged strong partnerships to execute its business model. Here’s where it gets cool: renewable hydroelectricity powers electrolyzers that split water into hydrogen and oxygen. Purification skids then crank it up to 99.999% purity—true industrial grade. This hydrogen production model serves everything from fuel-cell fleets and semiconductor fabs to specialty metal processing and next-gen refueling stations.

Charbone isn’t flying solo. They’ve teamed up with:

  • A leading Canadian energy distributor supplying the battle-tested equipment
  • Hydro-Québec delivering clean, reliable electrons
  • An ABB partnership to boost North American production networks
  • Offtake and supply agreements with U.S. Tier-One industrial gases producer
  • Public listings on TSX Venture, OTCQB, and Frankfurt for global financing access

This lineup de-risks the rollout and turbocharges their momentum.

Charbone has signed a memorandum of understanding (MoU) with ABB to collaborate on the development of up to 15 modular and scalable green hydrogen production facilities across North America over the next five years. Under the MOU, ABB will support CHARBONE in standardizing basic engineering for systems and components across its project portfolio to increase energy efficiency and reliability.

Among the sites covered by the collaboration is Charbone’s flagship Sorel-Tracy facility near Montreal in Québec, Canada, which is currently under construction. The Sorel-Tracy facility is located on a 40,000-square-meter land parcel along Quebec Highway 30, known as the “Steel Highway” because of the numerous steel mills and process plants operating along the highway.

The construction of its Sorel-Tracy facility is being done in partnership with EBC, one of the largest construction companies in Quebec. EBC has a proven track record of designing and building facilities in Canada and the US. The partnership agreement gives EBC the right of first refusal to construct additional Sorel-Tracy phases, as well as one or all of Charbone’s facilities within the North American market.

In addition, Charbone has entered into several other strategic partnerships, all aimed at expanding its footprint in North America. The company entered into a special consultancy agreement with Enki GéoSolutions for potential partnership proposals as a co-operator and distributor of an emerging form of clean and renewable hydrogen, known as white or natural hydrogen.

In June 2024, Carbone executed a supply agreement for a complete containerized electrolyzer system ready for shipment to its flagship green hydrogen site in the City of Sorel-Tracy, Quebec. The electrolyzer has a higher capacity than originally planned and will significantly enhance initial operational capacity estimates. The company also acquired its first tube trailer for the transport and bulk delivery of compressed green hydrogen produced from the City of Sorel-Tracy, Quebec flagship project to local and domestic customers.

Charbone signed commercial supply agreements (CSAs) with a top-tier US industrial gas producer and distributor. The first CSA secures hydrogen supply ahead of Charbone’s own production, while the second expands its product offerings to include helium and other industrial gases. Positioned to capitalize on emerging North American opportunities, particularly in Canada, Charbone leverages its early-mover advantage to build strategic partnerships and strengthen its role in the low-carbon, high-purity hydrogen market.

Superior Plus

This partnership allows Charbone to sell hydrogen produced at the Sorel-Tracy facility to Certarus, a subsidiary of Superior Plus. Such supply agreements ensure that Charbone can generate cash flow immediately following the commencement of production.

Charbone Hydrogen entered into an off-take partnership with Certarus on the supply and

distribution of green hydrogen.

NEK Community Broadband

Another such supply agreement was signed in November 2023 with NEK Community Broadband, which ensures the supply of green hydrogen in the Northeast Kingdom of the state of Vermont (USA). NEK Broadband is building a high-speed broadband infrastructure and plans to install a hydrogen fuel cell backup system for a reliable power supply.

Oakland County Economic Development Department, Michigan

Further advancing its goal of US expansion, Charbone signed a memorandum of understanding in December 2023 with Michigan’s Oakland County Economic Development Department to set up Charbone’s first green hydrogen facility in the United States. Oakland County is home to major automakers, and a green hydrogen facility in their proximity will support the effort of producing environmentally friendly mobility options.

Being the only publicly listed green hydrogen player in Canada, Charbone offers investors a unique opportunity to participate in the rise of green hydrogen as a potential low-emitting alternative to fossil fuels.

Management Team

Dave Gagnon – Chairman and CEO

Dave Gagnon has been chairman and chief executive officer of Charbone Hydrogen Corporation since April 21, 2022. With over 20 years of executive leadership experience in Cleantech, Wind Power, Hydropower, Lithium Resources, and Industrial Gases, he has built a career focused on scaling innovative infrastructure, accelerating sustainable energy solutions, and leading cross-border growth initiatives in high-impact sectors.

Benoit Veilleux – Chief Financial Officer

Benoit Veilleux was appointed as the CFO of Charbone on August 15, 2022. Veilleux has over 15 years of experience in corporate accounting and finance. He began his professional career at KPMG in 2003, where he managed and coordinated audit teams for public companies until 2010. Since then, he has worked with a number of companies including Air Liquide Canada and the Hypertec Group.

Daniell Charette – Chief Operating Officer

Daniell Charette has been the chief operating officer of Charbone since February 2019. He brings over 25 years of experience in running and managing renewable energy companies. He has worked in senior leadership roles with several renewable companies including NEG Micon A/S, Vestas and Brookfield Power. He has served on various association boards and councils, including the Canadian Wind Energy Association, Association Québécoise des Producteurs d’Énergie Renouvelable, and Latin Wind Energy Association.

Francois Vitez – Director

Francois Vitez is a hydropower and energy storage expert with more than 24 years of experience in development, engineering and construction management as well as operations and maintenance of hydropower and energy storage projects in North America and internationally. He is a board member and chair of the Value of Hydropower committee at Waterpower Canada, vice-chair of the Energy Storage Association of Canada, board member of the California Energy Storage Association, and member of the International Hydropower Association.

Patrick Cuddihy – Industrial Gases Operations Team

Patrick Cuddihy is a seasoned operations leader with over 20 years of experience at Air Liquide Canada, to its hydrogen operations team. Patrick brings a wealth of expertise in managing industrial gas production and distribution, having held senior roles including network sales director for Quebec Region, general manager for Pacific Region, director of procurement services, and director of logistics and assets for the Eastern Region.

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