Press Release
This Chart Buried in a Technical Report Reveals West Red Lake Gold’s Potential Reserve Count in the Current Gold Environment
Using a long-term average gold price of US$2,640, the Net Present Value (NPV) of WRLG is estimated at $496 million. The re-rate from developer to producer typically takes a company from 0.5X NAV to 1x NAV.
Canada, 27th Feb 2025 – Sponsored content disseminated on behalf of West Red Lake Gold. On February 18, 2025, West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) announced the filing of its independent pre-feasibility study (PFS) prepared by SRK Consulting.
The reserve cut-off price that was used in the PFS was US$1,680 per oz.
“Investors are surprised how conservative that number is,” Gwen Preston, VP of Communications told Guy Bennett, CEO of Global Stocks News (GSN). “But there’s a simple explanation.”
“SRK has internal guidelines for a PFS,” Preston continued. “The reserve cut-off price would be higher for a full Feasibility Study. The fact that we are going directly from PFS to production does not change SRK’s guidelines.”
Buried in the “Other Relevant Data” section of the 395-page technical report and noted in the Executive Summary, is a chart that shows how the reserve count could potentially change at gold prices closer to the current price of US$2,900.
The SRK chart below reveals what tonnes from the resource would have made it into consideration for inclusion in the reserve at higher reserve gold price cut offs.
The first blue column is the WRLG reserve as stated in the PFS, at the US$1680 cutoff price. This reserve was drawn from the second blue column, which shows the tonnes of the resource that were considered for inclusion in reserve.
Access development and other cost factors were then applied to reach the reserve base shown in the first column. That’s why columns one and two have US$1,680 in the label, but different totals.
One takeaway is that access development is very important at Madsen. It was the force that reduced potential reserve tonnes by half to get the actual reserve.
The other takeaway is that increasing the reserve cut off price to US$2,400 boosts the resource tonnes considered for reserve inclusion by almost 77% (3,072 to 5,438 tonnes).
“The undiluted grade falls from 9.1 grams/tonne to 7.0 grams/tonne but there’s a big tonnage increase,” Preston told GSN. “At the current gold price, the reserves should be significantly higher.”
On February 25, 2025 WRLG announced that it closed the public offering of 23,628,000 charity flow-through units at a price of C$0.8487 raising just over $20 million.
On February 26, 2025 WRLG reported definition drill results from the high-grade South Austin Zone.
Mine re-start update:
Bulk Sample Program: plans to mine at least 10,000 tonnes of material from six stopes. WRLG prioritized parts of the Madsen resource for extraction early in the mine life based on grade, tonnage, and ease of access.
Mill Startup for Bulk Sample Processing: after 28 months of maintained dry shutdown, the mill is scheduled to restart imminently. First feed will be 3,000 tonnes of legacy low-grade material to pack out the grinding mills. All operational readiness milestones have been met for the process plant.
The Connection Drift: it is now 80% complete, allowing WRLG to move all material on large haul trucks through the East Portal, which is situated close to the crusher and the mill.
Underground Development: from August 2024 to January 2025 the pace of new underground development increased notably, with average daily meterage rising 23% each month.
Camp and Mine Dry Installations: finalconstruction permits for the Madsen Mine camp received from the Municipality of Red Lake on January 31st. Final installation work is now underway, which is primarily power, water, sewer, and propane connections.
The Gold Sensitivity Price chart buried in the technical report indicates the amount of meat that SRK potentially left on the bone @US$1,680 reserve cut off price.
Using a long-term average gold price of US$2,640, the Net Present Value (NPV) of WRLG is estimated at $496 million. The re-rate from developer to producer typically takes a company from 0.5X NAV to 1x NAV.
WRLG’s current market cap is $214 million.
“West Red Lake Gold is one of only four single-asset companies putting a new gold mine into production in 2025,” Preston told GSN. “One is Artemis, which has arguably already been re-rated. Then there is Erdene in Mongolia, Robex in Guinea, and West Red Lake Gold in Ontario, Canada.”
“When investors rotate into gold, they look for large producers, growing producers, and new producers,” added Preston. “We are a strong candidate in the third category, operating in a Tier 1 Mining jurisdiction.”
The Madsen deposits presently host an NI 43-101 Indicated resource of 1.65 million ounces of gold grading 7.4 g/t gold and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t gold. [1.] [2.] [3.]
The technical information presented in this news release has been reviewed and approved by Will Robinson, P.Geo., Vice President of Exploration for West Red Lake Gold and the Qualified Person for technical disclosure at the West Red Lake Project, as defined by NI 43-101 “Standards of Disclosure for Mineral Projects”.
Contact: guy.bennett@globalstocksnews.com
Disclaimer: West Red Lake Gold paid Global Stocks News (GSN) $1,750 for the research, writing and dissemination of this content.
Full Disclaimer: GSN researches and fact-checks diligently, but we cannot ensure our publications are free from error. When compensation has been paid to GSN, the amount and nature of the compensation will be disclosed clearly.
References:
- “NI 43-101 Technical Report and Prefeasibility Study for the Madsen Mine, Ontario, Canada”, prepared by SRK Consulting (Canada) Inc. and dated January 7, 2025 (the “Madsen Report”). A full copy of the Madsen Report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca.
- The Madsen Mine deposit presently hosts a National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) Indicated resource of 1.65 million ounces (“Moz”) of gold grading 7.4 g/t Au and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t Au. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US$1,800/oz. Mineral resources as stated are inclusive of mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The Madsen Resource Estimate has an effective date of December 31, 2021 and excludes depletion of mining activity during the period from January 1, 2022 to the mine closure on October 24, 2022 as it has been deemed immaterial and not relevant for the updated report. Please refer to the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc., and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca
- The Madsen Mine also contains Probable reserves of 478 thousand ounces (“koz”) of gold grading 8.16 g/t Au. Mineral reserve estimates are based on a gold price of US$1,680/oz. Please refer to the technical report “NI 43-101 Technical Report and Prefeasibility Study for the Madsen Mine, Ontario, Canada” available on the Company’s website and on SEDAR+ at www.sedarplus.ca.
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A strategic acquisition to further advance UAE’s cyber defense capabilities and its growing global cybersecurity footprint
Abu Dhabi, UAE, 6th May 2025, ZEX PR WIRE, CPX Holding, a leading provider of cutting-edge cyber and physical security solutions and services, today announced the acquisition of spiderSilk, a pioneering cyber-AI product company renowned for its proprietary AI-powered defensive technologies, including the flagship exposure management platform, Resonance.
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The acquisition combines CPX’s trusted end-to-end expertise in threat detection, analysis, and remediation with spiderSilk’s product-led innovation and AI-driven technologies. Together, they aim to offer organizations more intelligent, integrated, and agile solutions to defend against today’s most complex cyber threats. This alliance paves the way for expansion into key international markets, including North America, Saudi Arabia, and the GCC, and positions the UAE as a fast-rising hub for world-class cybersecurity innovation.
“This acquisition marks a new era of growth and innovation,” said Hadi Anwar, CEO of CPX. “By uniting two of the best cybersecurity innovators from the UAE, we’re building a powerhouse in cyber threat detection and response—locally rooted, globally competitive. This acquisition underscores our commitment to rapid growth and global expansion, further strengthening our cybersecurity leadership. Together with spiderSilk, we are poised to deliver cutting-edge, AI-powered solutions that proactively address the most sophisticated cyber threats, helping organizations around the world stay one step ahead in an increasingly digital world.”
Since its inception in 2019, spiderSilk has successfully built and commercialized cybersecurity products from the UAE for both regional and global audiences. This includes newly launched product offerings such as autonomous SOC AI agents and the first of its kind cyber intelligence platform using a truly internet-wide knowledge graph. The company’s products are being used by customers in both the public and private sectors across the region. Its robust R&D center will continue to lead innovation, creating new solutions and keeping the company at the forefront of cyber threat defense.
“This strategic relationship marks a watershed moment for the cybersecurity ecosystem, redefining how state-of-the-art capabilities are developed in the region with a global audience in mind,” said Rami El Malak, CEO and Co-Founder of spiderSilk. “As the first cyber-AI start-up in the region, we have been dedicated to pushing the boundaries of innovation in cybersecurity for the last 6 years. This acquisition is a game-changer, enabling us to amplify our impact, scale across multiple international markets, and collectively reach new heights in protecting businesses globally.”
Global Ventures (MENA’s leading VC firm) and Dara Holdings, will remain part of the journey, supporting CPX’s leadership in driving the company’s continued growth.
This acquisition further highlights the UAE’s global leadership in advancing AI and cybersecurity innovation, aligning perfectly with the nation’s vision to foster cutting-edge technological growth and reinforcing its position as a strategic hub for pioneering cyber defense capabilities.
About CPX Holding
CPX, a G42 company, is a leading provider of end-to-end cyber and physical security solutions and services. Founded in 2022 and headquartered in Abu Dhabi, CPX employs over 600 cyber and physical security specialists serving enterprises, governments, and critical infrastructure sectors in the UAE and beyond. With a strong focus on delivering transformative security across the AI ecosystem, CPX empowers organizations to assess risks, protect assets, and operate with unwavering confidence. Discover more at www.cpx.net.
About spiderSilk
spiderSilk, founded in 2019 by Rami El Malak and Mossab Hussein, is the region’s pioneering cyber-AI product company, renowned globally for its innovative AI-powered cybersecurity solutions. spiderSilk provides advanced defensive technologies including its flagship exposure management platform, Resonance, autonomous SOC agents, and an internet-wide intelligence platform. Headquartered in the UAE, spiderSilk serves a global customer base across the UAE, Saudi Arabia, and the United States, with a dedicated R&D center continuously driving innovation. For more information, visit www.spidersilk.com.
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Australia, 6th May 2025, –
The Chrysalis BREW Project has released the list of recipients for the BREW Nonfiction Book Excellence Award 2025. This recognition is given to works of nonfiction assessed on merit in storytelling, clarity, research, and contribution to their respective categories.
Five titles were selected, each representing a different nonfiction area. The categories are Memoir, Health and Wellness, Animals, Autobiography, and Trauma and Recovery.
In the Memoir category, Every Other Weekend by Anthony J. Mohr was selected. According to the BREW Project review, “Mohr writes with perspective, humour, and sensitivity” and “manages to explore his life with clarity and restraint.”
Billy Peterson’s From the Starting Gate received recognition in the Wellness category. As noted in the review, the book “shares his story of recovery and self-discovery, weaving in the powerful role of horses” and “does not sanitise his struggle.”
In the Animal category, Helena Telkänranta’s The Mind of a Horse was recognised. The review described the work as “a science-based yet accessible explanation of how horses think, feel, and respond” and stated that “the research is presented in a way that is understandable to a general audience.”
The Autobiography award went to Journey Back Into The Vault by Mario Cartaya. The review stated that Cartaya “invites the reader into his architectural lens to view memory and identity” and “links the personal with the historical and cultural.”
Lois Young’s Along Came Hell, or So I Thought was selected for the Trauma and Recovery category. As noted in the official review, “Young revisits a traumatic past with a raw and grounded approach” and “documents the process of facing personal history.”
About The Chrysalis BREW Project and the BREW Nonfiction Book Excellence Award
The Chrysalis BREW Project is an independent platform focused on storytelling, literacy, critical thinking, and social impact. Its initiatives include interviews, reviews, and recognition programmes for authors and creative works. The BREW Nonfiction Book Excellence Award is part of its ongoing effort to highlight contributions that engage constructively with lived experience and research-driven writing. Other BREW international book, blog, and poetry awards include the BREW Seal of Excellence, BREW Readers’ Choice Award, BREW Book Excellence Award, BREW Fiction Book Excellence Award, BREW Children’s Book Excellence Award, BREW International Blog Award, and BREW Poetry Award.
To nominate or for further information, visit the website of The Chrysalis BREW Project.
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Press Release
Blue Sky Scrubs Honors Nurses Week with 20 Percent Off All Products and a Commitment to Giving Back
United States, 6th May 2025, – In celebration of National Nurses Week, Blue Sky Scrubs, the Austin-based designer medical apparel brand, is proud to announce a special promotion honoring nurses and healthcare professionals everywhere. From May 6–12, all customers will receive 20% off all Blue Sky Scrubs products—no exclusions, no minimum purchase required. This exclusive offer is a heartfelt thank you to the medical heroes who work tirelessly to keep communities safe, healthy, and cared for.
For over 20 years, Blue Sky Scrubs has designed, manufactured, and distributed luxury medical clothing, including handcrafted scrub caps and scrubs, from its headquarters in Austin, Texas. Known for blending style with functionality, the company is deeply rooted in service and gratitude, especially when it comes to recognizing nurses—the backbone of healthcare.
“National Nurses Week is more than a calendar event—it’s a chance to truly honor the people who show up every day with compassion, strength, and selflessness,” said Shelby Marquardt, founder and chief designer of Blue Sky Scrubs. “Our mission has always been to support healthcare professionals, not just with the best-fitting scrubs, but with meaningful gestures that show we care.”
A Week of Style, Savings, and Support
During Nurses Week, Blue Sky Scrubs is rolling out a sitewide 20% discount, valid on all products—including their best-selling scrub caps, performance stretch scrubs, lab coats, loungewear, and accessories. The discount will be automatically applied at checkout on the company’s website, ensuring a seamless shopping experience for busy healthcare workers who deserve a wardrobe refresh.
“Our scrubs are built for long shifts and tough days,” added Marquardt. “But just as importantly, they’re designed to make nurses feel confident, stylish, and valued—because they are.”
Giving Back to Healthcare Communities
In keeping with its legacy of social responsibility, Blue Sky Scrubs is also using Nurses Week as a platform to give back to communities in need. As part of the celebration, the company has pledged to donate scrubs and caps to nonprofit medical missions, nursing school programs, and community clinics across the U.S. and abroad.
Earlier this year, Blue Sky Scrubs supported multiple humanitarian trips to underserved regions by donating apparel to nurses and doctors serving on the front lines in countries such as Honduras, Kenya, and the Dominican Republic. Now, during Nurses Week, the company is expanding its reach by identifying new partners to help equip and uplift even more healthcare workers.
“Every nurse deserves to feel appreciated, no matter where they serve,” said Marquardt. “By outfitting mission teams and educational programs, we hope to spread a message of unity, generosity, and global compassion.”
Healthcare organizations and individuals interested in nominating a clinic or nursing program for donations can do so directly on the Blue Sky Scrubs website. The company will be spotlighting select stories throughout Nurses Week on its social media channels to share the impact these caregivers make.
A History of Heart
Since its founding, Blue Sky Scrubs has always stood for more than clothing. The company was created by Marquardt, a former anesthesiology resident, who couldn’t find scrub caps that combined professionalism with personal style. What began as a side project quickly grew into a national brand—one that now serves hospitals, clinics, and individual healthcare providers across the country and around the globe.
In addition to premium products, Blue Sky Scrubs is known for its commitment to craftsmanship—with each item being handmade using top-quality fabrics, durable stitching, and fashion-forward design. The company is also committed to sustainability, reducing textile waste in manufacturing and using recyclable packaging whenever possible.
“Being a healthcare professional means making sacrifices daily,” Marquardt added. “At Blue Sky, we want to be a part of lifting those professionals up—not just during Nurses Week, but every day of the year.”
Join the Celebration
To participate in the 20% Nurses Week discount, customers simply need to shop at www.blueskyscrubs.com between May 6–12, 2025. No code is necessary—the discount will be applied automatically at checkout. The promotion is open to all customers, whether purchasing for themselves, coworkers, or loved ones in healthcare.
Throughout the week, Blue Sky Scrubs will also be highlighting nurses’ stories and hosting giveaways on Instagram and TikTok. Followers are encouraged to tag their favorite nurse or post a video describing how a nurse has made a difference in their life, using the hashtag #ThankYouNurses. Select participants will win free scrub caps or gift cards as part of the celebration.
About Blue Sky Scrubs
Blue Sky Scrubs is a luxury medical apparel company based in Austin, Texas. For more than two decades, the company has designed and handcrafted high-quality scrubs, scrub caps, lab coats, and accessories for medical professionals across the U.S. and abroad. With a mission to combine comfort, performance, and style, Blue Sky Scrubs has become a trusted name in the healthcare industry. Every item is handmade with care, designed to last, and created to support the heroes who wear them.
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UAE Cybersecurity Leader CPX Acquires Pioneering Cyber-AI Firm spiderSilk
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