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LaFleur Minerals Closes $1.66 Million Flow-Through Offering to Advance Drilling and PEA-Related Work at its Swanson Gold Deposit

Investing 7 Mins Read

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’ or ‘Issuer’) is pleased to announce that, further to its news releases dated July 30, 2025, and September 10, 2025, the Company has closed its non-brokered flow-through private placement for aggregate gross proceeds of $1,663,370 (the ‘Private Placement’). The Private Placement consisted of the issuance of 2,410,682 flow-through units (the ‘FT Units’) at a price of $0.69 per FT Unit, with each FT Unit consisting of one common share in the capital of the Company (a ‘Share’), to be issued as a ‘flow-through share’ within the meaning of the Income Tax Act (Canada) (the ‘Tax Act’), and one Share purchase warrant (a ‘Warrant’).

The securities issued under the Offering will be subject to a hold period ending on the date that is four months plus one day following the date of issue in accordance with applicable securities laws. Each Warrant entitles the holder thereof to purchase one additional Share (a ‘Warrant Share‘) for a period of 24 months from the date of issuance at an exercise price of $0.75 per Warrant Share. The Warrants are subject to an accelerated expiry upon thirty (30) business days notice from the Company in the event the Shares trade for fourteen (14) consecutive trading days anytime after four (4) months from closing of the Private Placement at a volume-weighted average price of at least $0.90 on the Canadian Securities Exchange.

In connection with closing of the Private Placement, the Company incurred cash finder’s fees in the amount of $104,652.14 to certain eligible finders and issued the finders an aggregate of 151,668 non-transferable Share purchase warrants (the ‘Finder’s Warrants‘). Each Finder’s Warrant is exercisable into a Share (a ‘Finder’s Warrant Share‘) at a price of $0.75 per Finder’s Warrant Share for a period of 24 months from the date of issuance, subject to the same accelerated expiry.

Proceeds from the sale of FT Units will be used for exploration and drilling programs on the Company’s flagship, advanced stage, district-scale Swanson Gold Project (‘Swanson‘), located in the Abitibi Gold Belt in Val-d’Or, Québec, and flow-through eligible work such as ore-sorting and metallurgical testwork of a large bulk sample using independent geometallurgy experts such as SGS and SRC, and the Company’s 100%-owned Beacon Gold Mill, its near-term gold producing asset. The ore-sorting and metallurgical testwork will be completed using drill core and a large bulk sample from the Swanson Gold Deposit in order to inform and support mineral resource estimates and economic viability, including the potential effectiveness of ore-sorting technology at Swanson.

The Company is working diligently with ERM to complete the Preliminary Economic Assessment (PEA) to evaluate the restart of gold production at its Beacon Gold Mill, which will primarily process mineralized material from the Company’s nearby Swanson Gold Deposit. The gross proceeds from the issuance of the FT Shares will be used to incur resource exploration expenses which will constitute ‘Canadian exploration expenses’ as defined in subsection 66.1(6) of the Income Tax Act and ‘flow through mining expenditures’ as defined in subsection 127(9) of the Income Tax Act and under section 359.1 of the Québec Tax Act (the ‘Qualifying Expenditures‘), which will be renounced with an effective date no later than December 31, 2025 to the purchasers of the FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares. In addition, with respect to Québec resident subscribers who are eligible individuals under the Québec Tax Act, the Canadian exploration expenses will also qualify for inclusion in the ‘exploration base relating to certain Québec exploration expenses’ within the meaning of section 726.4.10 of the Québec Tax Act and for inclusion in the ‘exploration base relating to certain Québec surface mining expenses or oil and gas exploration expenses’ within the meaning of section 726.4.17.2 of the Québec Tax Act. If the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each FT Share subscriber for any additional taxes payable by such subscriber as a result of the Company’s failure to renounce the Qualifying Expenditures as agreed.

This news release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’), and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent an exemption from registration under the U.S. Securities Act and applicable U.S. state securities laws. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S Securities Act.

QUALIFIED PERSON STATEMENT

All scientific and technical information contained in this news release has been prepared and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the Company and considered a Qualified Person (QP) for the purposes of NI 43-101.

About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Mineral’s fully refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LaFleur Minerals INC.

Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the anticipated use of proceeds from the LIFE Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272857

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Top 5 Canadian Cobalt Stocks of 2025

Investing 9 Mins Read

Cobalt prices regained momentum in the third quarter of 2025 as tighter export controls from the Democratic Republic of Congo (DRC) fueled expectations of a market rebound.

After languishing near multi-year lows early in the year, the metal surged to US$47,110 per metric ton in late October, its highest level since January 2023.

The DRC’s prolonged export suspension, followed by new quota limits, has begun to ease a years-long supply glut, with analysts now forecasting a shift from oversupply toward market balance.

All year-to-date and share price information was obtained on October 28, 2025, using TradingView’s stock screener. Companies with market caps above C$10 million at that time were considered.

1. Talon Metals (TSX:TLO)

Year-to-date gain: 358.82 percent
Market cap: C$440.55 million
Share price: C$0.39

Talon Metals is a base metals company advancing the Tamarack nickel-copper-cobalt project in Central Minnesota, US, through a joint venture with Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO). Talon currently holds a 51 percent stake in the project and can earn up to 60 percent.

In late March, Talon Metals announced a massive sulfide discovery at its Tamarack project, with an intercept measuring 8.25 meters containing 95 percent sulfide content located deeper than the current Tamarack resource.

In May, a further massive sulfide discovery in the same zone, the thickest discovery yet at the site, drove the company’s share price up significantly, and another in early August did the same. In the August announcement, Talon shared that it named the discovery zone the Vault zone.

At the start of Q4, Talon announced an expanded winter drilling and exploration program at the Vault zone.

Shares of Talon rallied to a year-to-date high of C$0.54 on October 14, following the winter drill news and alongside rising cobalt prices.

On October 20, Talon received a 12 month extension from Rio Tinto subsidiary Kennecott Exploration to submit a feasibility study and US$10 million payment required to increase its ownership stake in the Tamarack project to 60 percent.

The extension will allow Talon to align the study’s release with the publication of the project’s scoping environmental assessment worksheet, expected in the first half of 2026, marking its entry into Minnesota’s formal environmental review process.

2. Leading Edge Materials (TSXV:LEM)

Year-to-date gain: 222.22 percent
Market cap: C$72.49 million
Share price: C$0.29

Leading Edge Materials is developing critical materials projects in the EU. The company’s projects include its wholly owned Woxna graphite mine and Norra Kärr heavy rare earth elements project, both in Sweden, as well as its 51 percent owned Bihor Sud nickel-cobalt exploration alliance in Romania.

According to its June 2025 presentation, exploration work planned for 2025 at Bihor Sud’s G2 gallery includes mapping and sampling of cobalt-nickel and zinc-lead-silver mineralized zones detected visually and by hand-held XRF. Drilling targeting polymetallic mineralization at the gallery is underway.

On the financial side, Leading Edge announced a C$400,000 non-brokered private placement in June.

According to a June 22 activities update, Leading Edge’s Romanian subsidiary was granted ownership and operational permits for the Avram Iancu mine at Bihor Sud, and the team had begun preliminary investigations of the site.

In its recent quarterly report, released September 19, Leading Edge Materials said it is reassessing its prospects after being granted those permits. at its project located within the Bihor Sud exploration area following the acquisition of additional ownership and operating permits.

The Avram Iancu site hosts extensive historic underground workings and data indicating copper-rich massive sulfide zones, the statement noted.

A competent person report is in progress to consolidate past exploration and outline next steps, while the company evaluates financing options to advance development.

Shares of Leading Edge also benefited from the mid-October cobalt price rally, registering a year-to-date high of C$0.44 on October 14.

3. Battery Mineral Resources (TSXV:BMR)

Year-to-date gain: 180 percent
Market cap: C$16.79 million
Share price: C$0.14

Battery Mineral Resources is focused on developing into a mid-tier copper producer and recently restarted mine and mill operations at the Punitaqui Mining Complex in Chile. In Canada, the company holds the largest land position in Ontario’s historic Cobalt district, where it is exploring high-grade primary cobalt deposits at McAra, Gowganda and Elk Lake.

The company’s portfolio also includes energy services and mineral exploration assets in North America, along with graphite projects in South Korea.

In late October, BMR said it was evaluating strategic options for its Gowganda silver tailings project, located northeast of Sudbury, Ontario.

The project lies in one of the country’s most productive past silver-cobalt districts, and the Gowganda mining camp produced 60 million ounces of silver and 1.3 million pounds of cobalt between 1910 and 1969. Gowganda hosts four former mines and associated tailings historically estimated to contain 2.96 million ounces of silver. BMR is assessing how best to advance or monetize the asset to enhance shareholder value.

On October 16, Battery Mineral Resources reported strong operational performance at its Punitaqui copper project in Chile, driven by improved underground production and plant optimization. Since September 1, 2025, underground operations have averaged 1,800 tonnes per day, up 80 percent from the first half of the year, and 2,000 tonnes per day over the recent two weeks period.

BMR is also advancing development of additional underground operations at Cinabrio Norte and Dalmacia to support further growth from Punitaqui.

The news pushed shares of BMR to a year-to-date high of C$0.17 on October 21.

4. FPX Nickel (TSXV:FPX)

Year-to-date gain: 95.74 percent
Market cap: C$144.81 million
Share price: C$0.46

FPX Nickel is currently advancing its Decar nickel district in BC, Canada.

The property comprises four key targets, with the Baptiste deposit being the primary focus, alongside the Van target. The company also has three other nickel projects in BC and one in the Yukon, Canada.

In February, FPX released a scoping study for the development of a refinery that would refine awaruite concentrate from Baptiste into battery-grade nickel sulfate and by-products of cobalt carbonate, copper and ammonium sulfate. Annual output is anticipated at 32,000 metric tons of contained nickel and 570 metric tons of contained cobalt.

The results show that the process would result in operating and all-in production costs near the bottom of nickel sulfate cost curve, in part due to by-product credits. Additionally, the carbon intensity of the awaruite refinery would be significantly lower than that of currently used production methods.

On September 4, FPX completed a large-scale mineral processing pilot campaign for its Baptiste nickel project, following three prior successful campaigns. The latest production run generated bulk samples of awaruite concentrate, which will be provided to prospective partners, including pre-cursor cathode active materials, battery producers and automakers, to assess its suitability as feedstock.

Later in the month, FPX signed an option agreement to acquire up to 100 percent of the Advocate nickel property in Newfoundland, Canada, following its review of over 50 targets. The property has also been accepted by the Japan Organization for Metals and Energy Security (JOGMEC) as the first designated property under the generative alliance between FPX and JOGMEC, with a significant work program planned to build on encouraging surface nickel recoveries.

FPX shares registered a year-to-date high of C$0.55 on October 17.

5. Wheaton Precious Metals (TSX:WPM)

Year-to-date gain: 61.23 percent
Market cap: C$60.38 billion
Share price: C$133.00

Wheaton Precious Metals is one of the largest gold and silver royalty and streaming companies.

It has investments in 18 operating mines and 28 development projects across four continents, including a cobalt streaming agreement for Vale’s (NYSE:VALE) Voisey’s Bay nickel mine in Newfoundland and Labrador, Canada.

According to Wheaton, Voisey’s Bay is currently in a transitional phase, shifting from the depleted Ovoid open pit to full underground production.

The company reported its Q1 financial results on May 8. The report highlighted a record US$470 million in revenue, US$254 million in net earnings and US$361 million in operating cash flow.

The cobalt segment registered year-on-year attributable production gains, rising to 540,000 pounds in the year’s first quarter, compared to 240,000 pounds during Q1 2024. Despite the output increase, sales fell to 265,000 pounds in Q1 versus 309,000 pounds in Q1 2024.

According to Wheaton’s Q2 2025 results, the Voisey’s Bay mine produced 647,000 pounds of attributable cobalt, a roughly 150 percent increase from the same period in 2024. Vale reported that the underground operations are steadily ramping up, with full production expected by the second half of 2026 as the transition from the depleted Ovoid open-pit continues.

Shares of Wheaton rose to a year-to-date high of C$159.41 on October 16 alongside rising prices for gold, silver and cobalt.

FAQs for cobalt

What is cobalt?

Cobalt is a silver-gray metal that is often produced as a by-product of nickel and copper mining. It does not occur as a separate metal anywhere in the world, and must be produced by reductive smelting, or from the metallic ore cobaltite, which is made of cobalt, sulfur and arsenic.

What is cobalt used for?

Historically, cobalt oxides were used to impart a blue pigment to glass, porcelain and paints, hence the still-used cobalt blue paint. The metal is also used to produce superalloys, as cobalt imparts qualities such as corrosion and wear resistance, which are useful in applications such as airplanes, orthopedics and prosthetics.

Today cobalt is most famously used in the rechargeable lithium-ion batteries that run everything from smartphones to EVs.

Where is cobalt mined?

The majority of cobalt production comes out of the DRC, which was responsible for producing 220,000 metric tons of the material in 2024. For perspective, the second largest cobalt-producing country, Indonesia, reported output of 28,000 MT the same year; third place Russia produced 8,700 MT of the material.

As the lithium-ion battery and EV supply chains garner global attention, companies are trying to limit their exposure to cobalt produced from the DRC, which is known for human rights abuses and sometimes child labor in its mining industry.

In response to this trend, many countries with cobalt are attempting to create domestic cobalt and EV supply chains in the hope of attracting companies looking to avoid DRC-sourced cobalt. This can be seen in the up-and-coming battery corridor in Ontario, Canada, as well as in the US-based Idaho cobalt belt.

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

This post appeared first on investingnews.com

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Potential Supreme Court candidates join ‘unprecedented’ panel to tackle antisemitism

Politics 4 Mins Read

A handful of judges, some of whom are Supreme Court contenders, will tackle antisemitism at an annual convention this week, joining a rare multi-judge panel in a forum typically reserved for one-person lectures, Fox News Digital has learned. 

U.S. District Judge Roy Altman, who will moderate the discussion among the judicial heavyweights, said the panel is ‘unprecedented’ and a needed change to address what he said was a rise in antisemitism in the aftermath of Hamas’ terrorist attack on Israel in 2023. The panel is part of the Federalist Society’s annual National Lawyers Convention.

‘This conversation on faith, understanding, and moral responsibility could not be more timely,’ Altman said. ‘It reflects the importance of the moment, the endurance of Western values, and Judge [Robert] Bork’s abiding belief in moral clarity and in the strength that comes from open dialogue.’

The judges who will participate in the discussion include seven Trump appointees, including Altman, one appointee of former President George Bush, and a justice of the Texas Supreme Court.

They include Judge Amul Thapar of the U.S. Court of Appeals for the 6th Circuit, who was floated in Bloomberg Law as a good successor to Justice Clarence Thomas, in part because he would be the first Asian American justice, a ‘positive’ when weighing replacing the second-ever Black justice.

Two others, Judge David Stras and Raymond Gruender, both of the U.S. Court of Appeals for the 8th Circuit, were on Trump’s Supreme Court shortlist during the president’s first term. Judge Martha Pacold of the Northern District of Illinois appeared on another one of Trump’s shortlists in 2020.

The Federalist Society event has for years been named after the late Bork, who, incidentally, once helped break a law firm’s avoidance of hiring Jewish lawyers, according to Senate testimony by his peers in 1987. 

In an interview with Fox News Digital, Altman, a vocal Jewish judge who is based in the Southern District of Florida, said he has also arranged numerous trips for federal judges of varying faiths to visit Israel after the Oct. 7 attack.

He said that although his personal conversations about Israel had largely been centered on campuses, ‘it became clear’ to him that the judiciary needed to chime in because heated discourse surrounding the topic involved legal questions.

The deadly attack in Israel reignited conflict in Gaza and led to nationwide anti-Israel protests, especially on U.S. college campuses. Protesters claimed Israel was killing thousands of innocent Palestinians in Gaza indiscriminately, while the Israeli government said it gave fair warning about its offensive and that its targets were Hamas terrorists.

‘Those claims, is Israel violating the laws of war? Is it an apartheid state? Does it occupy land that doesn’t belong to it?’ Altman said. ‘Those are just legal questions with legal answers, and I thought, who better than federal judges to understand what the applicable legal rule is, to adduce and find out what the relevant facts are, and then to apply the facts to the law and issue a judgment, than a federal judge.’

Some of the judges who will participate on the panel have been on Altman’s Israel trips.

The Federalist Society indicated that the judges plan to speak about their personal experiences talking with people of other faiths about anti-Jewish sentiments. They also plan to address First Amendment concerns surrounding antisemitism.

The discussion comes as the Trump administration has aggressively targeted noncitizens for speech that it has claimed in court is at odds with its national security posture because it is too critical of Israel and potentially supportive of Hamas.

Free speech proponents have warned that offensive and politically charged speech is protected under the Constitution. In the case of Mahmoud Khalil, which has become a flashpoint in these discussions, the courts have been examining the extent to which noncitizens enjoy First Amendment protections.

Altman said he has observed a one-sidedness in the opposite direction on campuses and that pro-Israel expression has been suppressed. Just this year, New York University canceled Jewish legal scholar Ilya Shaprio’s talk there because of what it said were security risks from protesters.

‘I was shocked, honestly, to discover that so many young people in our country, especially on our college campuses, had a totally incorrect view about the one Jewish state in the world and its role in the Middle East and its history and how it came to be, and it also became clear that the sort of debate that was taking place on campus wasn’t really a debate, because only one side of the story was being told,’ Altman said.

This post appeared first on FOX NEWS

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Israel says remains of three people handed over by Hamas do not match any deceased hostages

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Israel said the remains of three people returned by Hamas on Friday did not match any of the deceased hostages. 

Following forensic testing, Israeli officials said it was concluded that the remains do not belong to the 11 deceased hostages still being held in Gaza, Fox News has learned.

‘The remains we received are not our hostages,’ Israeli Prime Minister Benjamin Netanyahu’s office told The Associated Press following the examination of the remains. However, neither Netanyahu’s office nor any other Israeli authorities confirmed the identities of the remains to the AP. It is still unclear who these people were and why they were given to Israel.

Since the U.S.-brokered ceasefire, which began earlier this month, Hamas has returned the remains of 17 hostages. With those already handed over, there have been instances in which Israel has claimed that Hamas returned remains that did not match the remaining deceased hostages. Hamas previously returned additional remains belonging to Ofir Tzarfati, whose body was first recovered in 2023.

The International Committee of the Red Cross (ICRC) made clear its role in the transfer of hostages’ remains. In a statement, the ICRC said that it ‘does not take part in locating the remains.’

‘In accordance with international humanitarian law, it is the responsibility of the parties to search for, collect, and return the dead,’ the ICRC said.

On Thursday, Israel received the remains of Amiram Cooper and Sahar Baruch, leaving 11 deceased hostages in the Gaza Strip, including U.S. citizens Itay Chen and Omer Neutra.

Israeli intelligence suggests Cooper was alive when he was taken from his home in Kibbutz Nir Oz during the Oct. 7, 2023, attacks. The Israel Defense Forces (IDF) said that it estimates Cooper was killed in February 2024. He was 84 years old. Cooper leaves behind a wife, four children and 11 grandchildren.

Baruch was taken from his home in Kibbutz Be’eri during the massacre. The IDF said that it estimates he was murdered on Dec. 8, 2023, at the age of 25. Baruch leaves behind his parents and two siblings.

In addition to Neutra and Chen, the remaining deceased hostages include Meny Godard, Hadar Goldin, Ran Gvili, Asaf Hamami, Joshua Loitu Mollel, Dror Or, Oz Daniel, Lior Rudaeff and Sudthisak Rinthalak.

Fox News’ Yonat Friling and The Associated Press contributed to this report.

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Acquittal of man who urged violence against Trump puts First Amendment in spotlight

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The First Amendment won out this week in a court case over a man who repeatedly called for President Donald Trump’s assassination and openly fantasized about his violent demise. 

A jury acquitted the man, Peter Stinson, of one charge of soliciting a crime of violence, raising questions about when speech is protected by the Constitution and when it becomes incriminating.

A former longtime Coast Guard officer, Stinson called for someone to ‘take the shot’ in reference to Trump, according to court papers. ‘Realistically the only solution is violence,’ Stinson wrote.

Stinson said he ‘would twist the knife after sliding it into [Trump’s] fatty flesh’ and that he ‘would be willing to pitch in’ for a hitman contract.

‘He wants us dead. I can say the same thing about him,’ Stinson wrote in another post during the height of the COVID-19 pandemic.

A witness for the defense, Professor Jen Golbeck of the University of Maryland, said people ‘rooting for Trump to die online’ is common.

‘On one hand, I would not encourage anyone to post those thoughts on social media,’ Golbeck said, according to the Washington Post. ‘On the other hand, I can’t count the number of people who I saw post similar things. … It’s a very common sentiment. There’s social media accounts dedicated to tracking whether Trump has died.’

Brennen VanderVeen, program counsel with the Foundation for Individual Rights and Expression, said that one issue with the charges in Stinson’s case was that it was not clear whom Stinson was soliciting to carry out the crime.

‘Solicitation is when it’s directly tied to the crime. So, if he contacts an actual hit man and tries to arrange some sort of hit contract, that’s solicitation,’ VanderVeen told Fox News Digital. ‘Without more … that probably does not meet the elements of actual solicitation.’

Stinson’s attorneys argued in court documents that their client’s posts were not threats but rather ‘political advocacy that the First Amendment was squarely designed to protect.’

‘They lack the ‘specificity, imminence, and likelihood of producing lawless action’ required to fall outside constitutional protection,’ the attorneys said.

Threats to conservative SCOTUS justices and Obama

The jury acquittal, which was handed down quickly after a two-day trial, came at a time when political violence has taken the spotlight, particularly in the aftermath of conservative activist Charlie Kirk’s assassination, a string of recent violence toward immigration enforcement officers and Republican and Democratic political figures continuously facing threats.

A person convicted of attempting to assassinate Justice Brett Kavanaugh had taken concrete steps by searching the internet for mass shootings, discussing killing a Supreme Court justice in internet chats and showing up armed at Kavanaugh’s house in 2022.

A man who participated in the Jan. 6 riot was convicted by a judge in a separate case of firearms charges and making a hoax threat aimed at former President Barack Obama. He was sentenced this week to time served after he livestreamed himself driving around the former president’s neighborhood and saying he was ‘working on a detonator.’ He was found with a machete and illegal weapons.

In a looming constitutional test, another man is facing charges of threatening federal judges by sending hundreds of ominous messages through the Supreme Court website referencing several justices’ graphic murders. He tried to have his case tossed out over First Amendment concerns, but a judge denied the request, saying a jury would need to weigh that argument.

Presidents, senators, House members and other political figures routinely speak about facing a range of threats, whether in public forums or through direct messages.

High court greenlights ‘vituperative’ language

One legal test in these cases came in 1969, when the Supreme Court decided in favor of a protester who allegedly told a group of people while discussing getting drafted for the Vietnam War that if he is given a rifle, the first man he wants to kill is President Lyndon Johnson. His remark was political hyperbole rather than a ‘true threat,’ the high court found.

‘What is a threat must be distinguished from what is constitutionally protected speech,’ the majority wrote. ‘The language of the political arena … is often vituperative, abusive, and inexact.’

Stinson was initially charged with two counts of a threat against the president, but the DOJ shifted course and brought the one solicitation charge against him.

Department of Justice lawyers argued that Stinson’s incessant violent comments on X and Bluesky, coupled with self-identifying as an Antifa member, met the charging criteria, but prosecutors failed to convince a jury that the speech was more than bluster.

Kirk spurs examination of ‘hate speech’

In the case of Kirk’s murder, finger-pointing ensued. Republicans blamed inflammatory rhetoric from Kirk’s political opponents for inciting his death.

Attorney General Pam Bondi stirred the conversation by saying in an interview after Kirk’s death that the DOJ would ‘absolutely target you, go after you, if you are targeting anyone with hate speech.’ Bondi later walked back her comment, saying speech that ‘crosses the line into threats of violence’ is punishable by law.

In cases of inciting violence, according to VanderVeen, speech remains protected because of a lacking nexus between the words and the attack.

‘Incitement is more about the imminence. … How much time would have to pass between that person’s speech and the actual unlawful act of the violence?’ VanderVeen said, noting that inciting violence typically involves addressing a mob.

‘If someone’s saying, ‘Violence is good,’ but there’s no imminent lawless action there, someone else has to say, ‘That guy’s right, that violence is good. I’m going to start doing violence,” VanderVeen said. ‘At that point, that’s on the person doing the violence.’

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Boasberg’s role in ‘Arctic Frost’ probe sparks fury from GOP senators, despite local rules

Politics 4 Mins Read

Republican senators issued a torrent of criticism against U.S. District Judge James Boasberg this week after it was revealed that he had signed off on subpoenas and gag orders issued as part of former Special Counsel Jack Smith’s investigation — though a cursory review of court rules suggests it is far less provocative than lawmakers have claimed.

Sens. Ted Cruz, R-Texas, and Marsha Blackburn, R-Tenn., were among the Republicans who blasted Boasberg as an ‘activist’ judge, and Cruz, for his part, suggested Boasberg should be impeached. 

‘My assumption,’ Cruz fumed, is ‘that Judge Boasberg printed these things out like the placemats at Denny’s — one after the other.’

At issue were subpoenas and gag orders issued by former special counsel Jack Smith’s team as part of its probe into President Donald Trump’s actions in the wake of the 2020 election. 

The redacted documents were made public this week by Sen. Chuck Grassley, R-Iowa.

They included subpoenas of phone records for 10 senators and one House lawmaker, and gag orders sent to Verizon and AT&T instructing them not to notify lawmakers of the subpoena. (Verizon complied, AT&T did not.) 

Both the subpoenas and gag orders were signed by U.S. District Judge James Boasberg, according to the newly released documents — a detail that prompted fresh criticism and indignation from some of the Republicans in question, including Cruz, who blasted the investigation in question as ‘worse than Watergate’ and a gross violation of prosecutorial powers.

Blackburn blasted Boasberg as an ‘activist’ judge. Some lawmakers further argued for his impeachment as a result of his involvement. 

In fact, his role in the process is far from surprising. 

Local rules for the federal court system in D.C. explicitly state the chief judge ‘must hear and determine all proceedings before the grand jury.’ The subpoenas and gag orders signed by Boasberg were signed in May 2023 — roughly two months into his tenure as the chief judge for the federal court.

It’s unclear whether Sens. Cruz or Blackburn were aware of this rule, and they did not immediately respond to Fox News Digital’s request for comment. 

But it’s also not the first time Judge Boasberg previously noted his oversight of these matters as the chief judge for D.C. — including in the special counsel probe in question. 

Boasberg explained the rule in question in June 2023, when he granted, in part, a request from media outlets to unseal a tranche of redacted documents related to the subpoena and testimony of former Vice President Mike Pence in the same probe. (He explained in a lengthy public memo that he did so because the press movant were seeking record that Pence himself had discussed publicly.) 

Still, the controversy comes as Boasberg has found himself squarely in Trump’s crosshairs, after he issued a temporary restraining order in March blocking Trump’s use of a 1798 wartime law to deport hundreds of Venezuelan nationals to a maximum security prison in El Salvador.

Until that point, however, Boasberg had largely avoided making headlines. 

A graduate of Yale, Oxford University and Yale Law School, Boasberg clerked for the U.S. Ninth Circuit Court of Appeals before joining the Justice Department as a federal prosecutor in Washington, D.C.

He was tapped in 2002 by then-President George W. Bush to serve on the D.C. Superior Court, where he served until 2011, when he was nominated by President Barack Obama to the federal bench in D.C. in 2011. 

His confirmation vote soared through the Senate with a 96-0 vote of approval, including with the support of Sen. Grassley and other Republicans named in the subpoena. 

Boasberg in 2014 was appointed by Supreme Court Chief Justice John Roberts to a seven-year term on the U.S. Foreign Intelligence Surveillance Court, or FISA Court, comprised of 11 federal judges hand-selected by the chief justice. 

Former special counsel Jack Smith, for his part, has since defended his decision to subpoena the Republican lawmakers’ phone records, which Fox News Digital reported includes phone records for a four-day period surrounding the Jan. 6 Capitol riot. 

They did not include the contents of phone calls or messages, which would require a warrant, but they did include ‘[call] detail records for inbound and outbound calls, text messages, direct connect, and voicemail messages’ and phone number, subscriber, and payment information.

 His lawyers told Senate lawmakers in a letter earlier this month that the decision to do so was ‘entirely proper’ and is consistent with Justice Department policy.

Fox News’s Ashley Oliver contributed to this report. 

This post appeared first on FOX NEWS

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Politics

Bipartisan senators call on Hegseth to release strike orders on alleged drug boats in Caribbean

Politics 3 Mins Read

A bipartisan pair of senators are calling on Pentagon chief Pete Hegseth to hand over copies of the orders issued to strike boats in the Caribbean allegedly carrying narco-terrorists.

Sens. Jack Reed, D-R.I., and Roger Wicker, R-Miss., released two letters they sent to Hegseth in recent weeks in response to the repeated strikes on suspected drug boats.

The first letter, which was issued on Sept. 23, explained the legal requirements for congressional oversight over the military’s executed orders, including that congressional defense committees must be provided copies of the orders within 15 days of being issued.

‘Unfortunately, the Department has not complied with this requirement,’ the letter reads.

The second letter, issued on Oct. 6, seeks a written opinion from the Department of Justice’s Office of Legal Counsel (OLC) on the domestic or international legal basis for conducting the strikes and related operations.

Reports indicate that the OLC produced a legal opinion justifying the strikes, which numerous lawmakers have been demanding in recent weeks.

The senators’ letter also asked for a complete list ‘of all designated terrorist organizations and drug trafficking organizations with whom the President has determined the United States is in a non-international armed conflict and against whom lethal military force may be used.’

‘To date, these documents have not been submitted,’ Reed’s office said in a news release on Friday.

Lawmakers on both sides of the aisle have urged the Trump administration to release information related to the strikes.

Sen. Mark Warner, D-Va., the top Democrat on the Senate Intelligence Committee, criticized the administration on Thursday after it excluded Democrats from briefings on the strikes, a move he called ‘indefensible and dangerous.’

On Wednesday, Democrats on the Senate Judiciary Committee also penned a letter demanding to review the legal justification behind the series of boat strikes they say appear to violate several laws.

‘Drug trafficking is a terrible crime that has had devastating impacts on American families and communities and should be prosecuted. Nonetheless, the President’s actions to hold alleged drug traffickers accountable must still conform with the law,’ the letter states.

The strikes have also garnered scrutiny from Republicans, including Sen. Rand Paul, R-Ky., who raised concerns about killing people without due process and the possibility of killing innocent people.

Paul has cited Coast Guard statistics that show a significant percentage of boats boarded for suspicion of drug trafficking are innocent.

The senator has also argued that if the administration plans to engage in a war with Venezuela after it has targeted boats it claims are transporting drugs for the Venezuela-linked Tren de Aragua gang, it must seek a declaration of war from Congress.

In the House, Rep. Thomas Massie, R-Ky., has made similar statements.

A report published on Friday suggested the U.S. military was planning to strike military installations in Venezuela, but President Donald Trump and Secretary of State Marco Rubio said that the report was inaccurate.

This comes as Hegseth announced the U.S. military on Wednesday struck another boat carrying alleged narco-terrorists. The strikes were carried out in the Eastern Pacific region at the direction of Trump, killing four men on board.

That was the 14th strike on suspected drug boats since September. A total of 61 people have reportedly been killed while three survived, including at least two who were later repatriated to their home countries.

The Pentagon has refused to release the identities of those killed or evidence that drugs were on board.

This post appeared first on FOX NEWS

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Investing

Steve Barton: Gold, Silver Price Correction — When to Buy, What’s Next

Investing 1 Min Read

Steve Barton, host of In It To Win It, weighs in on the pullback in gold and silver prices, sharing where the floors could be for both precious metals.

In his view, the correction is healthy and will lead to higher levels in the future.

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

This post appeared first on investingnews.com

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Investing

Heliostar Board Changes at Annual General & Special Meeting

Investing 8 Mins Read

The Heliostar Metals Ltd. (TSXV: HSTR,OTC:HSTXF) (OTCQX: HSTXF) (FSE: RGG1) (‘Heliostar’ or the ‘Company’) Annual General & Special Meeting (‘AGM’) is scheduled for November 26th, 2025. The Company’s Chairman, Jacques Vaillancourt and director Ken Booth will step down at the AGM, and Mr James Perry is proposed to succeed Mr. Vaillancourt as Chairman.

Heliostar’s Chairman, Jacques Vaillancourt, commented on his retirement from the board. ‘The Company has changed immensely from my initial involvement and investment. It has grown and evolved from a portfolio of prospective exploration assets in Alaska and Nevada to now producing gold from two mines in Mexico, La Colorada and San Agustin. That alone would be a significant corporate achievement, but these producing mines are complemented by a very exciting development portfolio of 100% owned projects, which include Ana Paula, Cerro del Gallo and San Antonio. All of this is evidence of the talent, competence and the day-in and day-out diligence of the management team, led by Charles Funk. I leave a Company operationally, financially and geologically stronger than ever and in very good hands.’

Charles Funk, President and & CEO, stated, ‘I wish to thank Jacques and Ken for their leadership and guidance as we have built Heliostar over the last five years. The Company has come a long way, and their contributions to this growth have been significant. As we continue to expand production towards our goal of 500,000 ounces of annual production by the end of this decade, we look forward to welcoming James Perry to the Company’s board as Heliostar’s proposed new Chairman.’

James Perry is proposed to succeed Mr. Vaillancourt as Chairman and will be put forward for approval by the shareholders at the upcoming AGM. Mr. Perry is currently President of Sweetwater Royalties, a base metals, industrial minerals and renewable energy royalty Company based in Denver, Colorado. Sweetwater, one of the largest landowners in the United States, is a privately held company established in 2020 by Orion Resource Partners. Mr. Perry has extensive mining and resources experience across Latin America, having previously served as Business Development Manager, as well as Corporate Counsel at Newcrest Mining, one of the world’s largest gold mining companies, headquartered in Australia. Newcrest was acquired for US$19 billion by Newmont Mining in 2023. Mr. Perry attended the London School of Economics, receiving an M.Sc. in History and International Relations, as well as earning a Bachelor of Laws from Bond University.

Heliostar Annual General & Special Meeting Voting Instructions

Heliostar’s Annual General & Special Meeting will be held on November 26, 2025, at 8:00 am PST. The shareholders as of the record date of October 10, 2025, will be entitled to vote and are encouraged to vote before the proxy voting deadline on November 24, 2025, at 8 am PST. Due to the Canada Post service disruption, paper documents may take longer to arrive; however, shareholders can still vote their shares with the following instructions.

How Registered Shareholders Can Vote: Registered shareholders are shareholders who hold their shares directly in the Company, and not through a brokerage account or depository company. Registered shareholders can call Computershare Shareholder Services at 1-800-564-6253 (Canada/US) or, for overseas holders, call the direct dial number 1-514-982-7555 (Monday to Friday, 8:30 am to 8:00 pm EST) to request their voting control numbers.

How Beneficial Shareholders Can Vote: Beneficial shareholders are shareholders who hold their investment through a brokerage house, depository company or other intermediary. There are two types of beneficial owners: (i) those who object to their identity being made known to the issuers of securities which they own (‘Objecting Beneficial Owners’ or ‘OBOs’), and (ii) those who do not object to their identity being made known to the issuers of securities which they own (‘Non-Objecting Beneficial Owners’ or ‘NOBOs’). The Company is sending meeting materials directly to NOBOs. NOBOs may submit their votes by completing the Voting Instruction Form (‘VIF’) available on the Company’s website and sending the completed VIF to Computershare by email at service@computershare.com. NOBOs can also contact Computershare at 1-800- 564-6253 to request their voting control numbers and instructions.

OBOs should contact their brokerage house or other intermediary and ask to obtain their voting control number and instructions to be able to vote on the Broadridge voting site www.proxyvote.com.

About Heliostar Metals Ltd.

Heliostar is a gold mining company with production from operating mines in Mexico. This includes the La Colorada Mine in Sonora and the San Agustin Mine in Durango. The Company also has a strong portfolio of development and exploration stage projects in Mexico and the USA. These include the Ana Paula project in Guerrero, the Cerro del Gallo project in Guanajuato, the San Antonio project in Baja Sur, all in Mexico and the Unga project in Alaska, USA.

For Additional Information, Please Contact:

Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Phone: +1 844-753-0045		 Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Phone: +1 844-753-0045

 

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

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘Forward-Looking Statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995 and ‘forward-looking information’ under applicable Canadian securities laws. When used in this news release, the words ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘target’, ‘plan’, ‘forecast’, ‘may’, ‘would’, ‘could’, ‘schedule’ and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, the Company’s annual production goals.

Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political, and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption ‘Risk Factors’ in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272637

News Provided by Newsfile via QuoteMedia

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Falco Announces Extension of Its Senior Debts

Investing 8 Mins Read

Falco Resources Ltd. (TSX.V: FPC) (‘ Falco ‘ or the ‘ Corporation ‘) is pleased to announce that the Corporation has entered into binding agreements (i) with OR Royalties Inc. (‘ OR Royalties ‘) in order to extend the maturity date of the Corporation’s existing convertible secured senior loan (the ‘ OR Royalties Loan ‘) from December 31, 2025, to December 31, 2026; and (ii) with Glencore Canada Corporation (‘ Glencore ‘) in order to extend the maturity date of the Corporation’s existing senior secured convertible debenture (the ‘ Glencore Debenture ‘) from December 31, 2025, to December 31, 2026.

Luc Lessard, President and Chief Executive Officer of the Corporation commented: ‘ The concurrent extensions of the Corporation’s senior debts demonstrate the strong relationship and long-standing support of OR Royalties and Glencore to Falco and the development of the Horne 5 Project. Such extensions provide the Corporation with additional flexibility to pursue the permitting and development of the Horne 5 Project.’

Amendments to the OR Royalties Loan

In consideration for the extension of the maturity date of the OR Royalties Loan, the OR Royalties Loan will also be amended effective as of December 31, 2025, in order for (i) the accrued interest on the existing OR Royalties Loan to be capitalized such that the principal amount of the amended OR Royalties Loan will be approximately $26,098,521, (ii) the conversion price to be maintained at $0.45 per Common Share, and (iii) the interest rate to be maintained at 9% (collectively, the ‘ OR Royalties Loan Amendments ‘). The 17,690,237 warrants of the Corporation currently held by OR Royalties (the ‘ Existing OR Royalties Warrants ‘), each exercisable for one Common Share at an exercise price of $0.58 per Common Share, will remain outstanding in accordance with their terms until their expiry on December 31, 2025. In consideration for the extension of the maturity date of the OR Royalties Loan, the Corporation will issue to OR Royalties, on December 31, 2025, 19,332,237 warrants (the ‘ New OR Royalties Warrants ‘), each exercisable at any time from and after January 1, 2026, for one common share of Falco (the ‘ Common Shares ‘) at an exercise price of $0.58 per Common Share and expiring on December 31, 2026.

Amendments to the Glencore Debenture

In consideration for the extension of the maturity date of the Glencore Debenture, the Glencore Debenture will also be amended effective as of December 31, 2025 (the ‘ Amended Glencore Debenture ‘) in order for (i) the accrued interest on the existing Glencore Debenture up to December 31, 2025, to be capitalized such that the principal amount of the amended Glencore Debenture will be approximately $15,433,754, (ii) the conversion price to be maintained at $0.37 per Common Share, and (iii) the interest rate to be maintained at 10% (collectively, the ‘ Glencore Debenture Amendments ‘). The 19,424,944 Common Share purchase warrants currently held by Glencore (the ‘ Existing Glencore Warrants ‘) will remain outstanding in accordance with their terms until their expiry on December 31, 2025. In consideration for the extension of the maturity date of the Glencore Debenture, the Corporation will issue to Glencore, on December 31, 2025, 21,381,422 warrants (the ‘ New Glencore Warrants ‘), each exercisable at any time from and after January 1, 2026, at an exercise price of (i) $0.38 per Common Share for 15,061,158 of the New Glencore Warrants and (ii) $0.42 per Common Share for the remaining 6,320,264 New Glencore Warrants, and expiring on December 31, 2026.

The OR Royalties Loan Amendments and the issuance of the New OR Royalties Warrants (the ‘ OR Royalties Transactions ‘) are considered ‘related party transactions’ under Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions (‘ Regulation 61-101 ‘). The OR Royalties Transactions are exempt from the requirements to obtain a formal valuation pursuant to section 5.5(b) of Regulation 61-101. However, Falco is required to obtain minority approval for the OR Royalties Transactions as none of the exemptions contained under Regulation 61-101 are currently available to the Corporation.

Closing of the OR Royalties Transactions is conditional upon (i) obtaining minority approval of the shareholders of the Corporation, excluding the Common Shares held by the directors and officers of OR Royalties, to be sought at the special meeting of shareholders of the Corporation to be held on December 15, 2025 (the ‘ Shareholders’ Meeting ‘), (ii) approval of the TSX Venture Exchange, and (iii) concurrent closing of the Glencore Debenture Amendments and the issuance of the New Glencore Warrants on the terms described herein.

Closing of the Glencore Debenture Amendments and the issuance of the New Glencore Warrants is conditional upon (i) approval of the TSX Venture Exchange, and (ii) concurrent closing of the OR Royalties Transactions on the terms described herein. Subject to satisfaction of such conditions, closing of the OR Royalties Loan Amendments and the Glencore Debenture Amendments, and closing of the OR Royalties Transactions is expected to occur concurrently on December 31, 2025. Additional information will be included in the management proxy circular to be filed at www.sedarplus.ca.

Prior to the transactions contemplated by this press release, OR Royalties held the OR Royalties Loan in the principal amount of $23,881,821, which is convertible into 53,070,713 Common Shares and also held 17,690,237 Existing OR Royalties Warrants, representing approximately 17.01% of the issued and outstanding Common Shares on a partially diluted basis assuming the conversion in full of the OR Royalties Loan and the exercise in full of the 17,690,237 Existing OR Royalties Warrants. Immediately following closing, on a partially diluted basis assuming the conversion in full of the OR Royalties Loan and the exercise in full of the New OR Royalties Warrants, OR Royalties would have beneficial ownership of, or control and direction over 77,328,950 Common Shares, representing approximately 18.30% of the Common Shares issued and outstanding.

About Falco

Falco is one of the largest mineral claim holders in the province of Québec, with an extensive portfolio of properties in the Abitibi-Témiscamingue greenstone belt. Falco holds rights to approximately 67,000 hectares of land in the Noranda Mining Camp, which represents 67% of the camp as a whole and includes 13 former gold and base metal mining sites. Falco’s main asset is the Horne 5 project located beneath the former Horne mine, which was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Development Corp. is Falco’s largest shareholder, with a 16% interest in the Corporation.

For further information, please contact:
Luc Lessard
President, Chief Executive Officer and Director
514-261-3336
info@falcores.com

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 press release.

Cautionary Statement on Forward-Looking Information

This news release contains forward-looking statements and forward-looking information (together, ‘forward-looking statements’) within the meaning of applicable securities laws. Often, but not always, forward-looking statements can be identified by words such as ‘plans’, ‘expects’, ‘seeks’, ‘may’, ‘should’, ‘could’, ‘will’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, ‘believes’, or variations including negative variations thereof of such words and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. These statements are made as of the date of this news release. Without limiting the generality of the foregoing statements, the statements relating to the OR Royalties Loan Amendments, the Glencore Debenture Amendments, as well as the issuance of the New Glencore Warrants and New OR Royalties Warrants are forward-looking statements and will not be completed until approved by the TSX Venture Exchange and until appropriate shareholder approval is obtained with respect to OR Royalties Loan Amendments and the issuance of the OR Royalties Warrants. There is no assurance that the approval of the TSX Venture Exchange to such transactions will be obtained nor that shareholder approval with respect to OR Royalties Loan Amendments and the issuance of the OR Royalties Warrants will be obtained. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Falco’s annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR+ at www.sedarplus.ca, as well as all assumptions regarding the foregoing. Although the Corporation believes the forward-looking statements in this news release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Consequently, the Corporation cautions investors that any forward-looking statements by the Corporation are not guarantees of future results or performance and that actual results may differ materially from those in forward-looking statements.

News Provided by GlobeNewswire via QuoteMedia

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