The mill poured 7,055 ounces in the third quarter, and those ounces generated gross proceeds of $33 million Canadian

Canada, 9th Oct 2025 – Global Stocks News – Sponsored content disseminated on behalf of West Red Lake Gold. On October 7, 2025, West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) provided a Q3 update on the ramp-up of the Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

In an October 8, 2025 YouTube video, West Red Lake Gold VP Communications, Gwen Preston, explained the significance of the Q3 ramp-up update.

Fiore Group companies are renowned for hiring top-level talent to liaise with shareholders. Preston holds an undergraduate degree in science and a master’s degree in journalism. Prior to her appointment at WRLG, she was the CEO of Resource Maven, a senior financial writer and a veteran public speaker. 

“West Red Lake Gold just put out a mine-site update discussing what we’ve achieved in the last three months at the Madsen mine,” explained Preston in the YT video.

“We’re being methodical in our approach, working to increase daily tonnes mined and moved, while also completing the last few projects needed for the site to operate consistently as planned.”

“Let’s talk about the numbers. In the third quarter, the Madsen mine produced 35,700 tonnes of ore, and those ore tonnes carried an average grade of 5.4 grams per ton gold.”

‘The mill poured 7,055 ounces in the third quarter, and those ounces generated gross proceeds of $33 million Canadian. For context, that production is 34% more in the third quarter than what we produced in the second quarter, which was when we did our bulk sample and had our first five weeks of ramp up.”

“We expect to maintain this pace of increase, 35-40%, somewhere in that range, into the fourth quarter,” said Preston. “Doing that would get us to our targeted output levels in time for our goal of declaring commercial production early in 2026.”

“The primary ramp-up factor at Madsen, the critical path item, is increasing daily mined ore tonnes. It’s important to understand that for every tonne of ore that’s hauled out of the mine,  1-2.5 tonnes of waste rock is also mined and has to be managed.”

“Until recently, all of that waste rock was trucked up to surface. So each day, about 500-1,200 tonnes of waste rock was trucked out of the mine. That took up a lot of trucking capacity. It was a significant development a few weeks ago when we started storing all of our waste rock underground.”

“In the middle of September, we quite abruptly started storing all of our waste rock underground. We saw the benefit immediately. In the second half of September, the mine moved over 1,000 tonnes of ore a day on several occasions, including a record day moving 1,400 tonnes of ore. This shift bodes well for production ramp-up in the fourth quarter.”

“There’s another infrastructure project that will add a similar benefit to that underground waste storage project, and that’s the shaft,” stated Preston. “A historic shaft at Madsen goes all the way down to 1,300 meters. At the end of last year, we rehabilitated that shaft down to about 600 meters on the 12th Level.”

“In the middle of the year, we determined that we could use it for skipping material. So we ordered the hoist components needed to get that underway. We expect those to show up and be installed by November, when we should be able to start moving 350 tonnes of ore up the shaft each day.”

“At about 500 meters depth, to get a truck from there out the portal takes about an hour. You can see why we’re keen to get the shaft operating, to be able to move tonnes at a better efficiency and lower cost.”

“I also want to explain the rationale for our recent financing,” continued Preston. “We’ve said since starting up the mine that we believe we have the capital and cash flow to complete the ramp-up of Madison as planned. That remained true even as we announced the financing.”

“So why did we do it? Accessing additional capital now gave us the ability to pull a ventilation project and a power project forward. Starting these projects imminently, instead of waiting until mid-2026, creates the potential for us to produce more ounces at Madison sooner.”

“West Red Lake Gold was founded, and is still very much driven by the investment thesis that the best way to get leverage to a gold bull market is with rising gold production in a junior company.”

“We decided that it was best for our investors to prioritize this forward-looking work, to bring in additional capital now, to do more sooner. The additional capital will help us get deeper sooner.”

“If ramp-up remains smooth and the gold price remains at these phenomenal levels – it touched $4,000 an ounce this morning –  we will end up with additional capital, we will use that to pay off our pay down debt sooner, so that we can increase our free cash-flow.”

“We think that that’s a valuable goal to chase for our investors. Lastly, the flow through capital will help us advance Rowan to pre-feasibility level by mid-2026. That’s important, because it keeps Rowan on track to be in construction in 2027 or 2028, depending on permitting.”

“In the coming months, I’m keen to start talking more about Rowan. It’s a great project that we’re pushing ahead with quickly. Adding 35,000 ounces a year to our production profile in just a few years, we think, is a particularly significant thing to do,” concluded Preston in the explainer video.

The Madsen deposits presently host an NI 43-101 Indicated resource of 1.65 million ounces of gold grading 7.4 g/t gold within 6.9 Mt and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t gold within 1.8 Mt. [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. 

References: 

1. “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  

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Today, Selebi North remains a focus of renewed drilling, where recent results are demonstrating the scale and continuity of mineralization across this historic mining district.

Canada, 9th Oct 2025 – Global Stocks News – Sponsored content disseminated on behalf of NexMetals Mining. On October 1, 2025, NexMetals Mining (TSXV: NEXM) (NASDAQ: NEXM) confirmed that SNUG-25-194 intersected 32.60 metres of continuous mineralization at Selebi North South Limb, including an aggregate total of 19.90 metres of massive sulphide across five sub-intervals. 

NexMetals owns two previously producing Cu-Ni-Co mines in Botswana, a safe, mineral-rich Tier 1 mining jurisdiction in Africa. 

Exploration at Selebi began in 1959, with a major copper-nickel discovery in 1963 and mine development following soon after. Operations grew into an integrated mining and processing complex that ran for over four decades, producing up to 10,000 tonnes per day at full capacity. 

Selebi Main Shaft #2 was commissioned in 1980, followed by the start of production at the Selebi North deposit in 1990. The Selebi North shaft was added in 1998, six kilometres north of the original, expanding capacity and establishing the area as a key production centre.

Today, Selebi North remains a focus of renewed drilling, where recent results are demonstrating the scale and continuity of mineralization across this historic mining district.

[1.] The MRE on the Selebi Mine is supported by the 2024 Technical Report. Reference should be made to the full text of the Technical Report for the assumptions, qualifications and limitations set forth therein, a copy of which is available on SEDAR+ ( www.sedarplus.com ) under NEXM’s issuer profile and on NEXM’s website here.

“These results are a critical confirmation point for Selebi North,” stated Morgan Lekstrom, CEO of NEXM, in the October 1, 2025 press release. “By bridging two major step-out holes and intersecting significant massive sulphide intervals, we have validated the down-plunge continuity and further strengthened our geological model. Once assays are received, these results will be incorporated into the updated MRE, reinforcing Selebi North’s scale, quality, and expansion potential.”

The Selebi North Mine is serviced by a 3.5-meter diameter shaft down to the 745-meter level and a twin 7° decline trucking ramp that currently descends to the 900-meter level.

The infrastructure and underground workings at Selebi North promote expedient and cost-efficient drill campaigns.

October 1, 2025 Drilling Highlights:

• SNUG-25-194 intersected 32.60 metres of continuous mineralization at Selebi North South Limb, including an aggregate total of 19.90 metres of massive sulphide across five sub-intervals. 
• True thickness is estimated at 60 – 65%, which is consistent with geological interpretations of the South Limb.
• Drill hole SNUG-25-194 was designed to bridge mineralization between two widely spaced resource expansion drill holes SNUG-25-184, located 183 metres down-plunge from the current MRE, and SNUG-25-186, a further 130 metre step-out.
• The demonstrated continuity between these two major step-outs and results from additional strike step-outs from the resource expansion program can be incorporated into a future MRE update, supporting a potential expansion of the resource envelope.
• Borehole electromagnetic (BHEM) surveys are planned to characterize the conductive trends associated with the newly intersected massive sulphides to confirm continuity and outline strike extent.

Above: Location of drill holes relative to the MRE and underground infrastructure.

The October 1, 2025 news follows an aggressive six-month development program at Selebi North.

April 10, 2025 – High Impact Six-Month Strategy Includes Deep Drilling at Selebi

April 17, 2025 –  Infill Drilling at Selebi North Delivers 27.55 Metres of 4.97% CuEq

May 1, 2025  – Significant Mineralized Step-Out at Selebi North

May 27, 2025 – Extends Mineralization 315 Metres Below Resource Area

June 3, 2025 – “Hinge” Drilling Targets Large BHEM Plates between Selebi Deposits

June 30, 2025 – NexMetals Drills 13.50 Metres of 3.68% CuEq

July 28, 2025 – Initial 15.2% Head Grade Increase at Selebi North

August 13, 2025 – 16.25 Metres of 3.06% CuEq at Selebi North

August 21, 2025 – 19.40 Metres of 3.93% CuEq at Selebi North

September 3, 2025 – Metallurgical Breakthrough at Selebi Mines 

Concurrent with the development work at the Selebi Mine Deposits, NEXM has been focused on de-risking the Selkirk Mine, a past-producing copper-nickel-cobalt-platinum group elements (Cu-Ni-Co-PGE) mine situated 28 kilometers southeast of the city of Francistown (pop. 103,000), and 75 kilometers north of NexMetals’ Selebi Mines.

On October 7, 2025, NexMetals Mining released assay results from four additional holes in the 12-hole metallurgical drilling program at the Selkirk Mine in Botswana.

The 12-hole drill program wrapped up in August, focused on collecting samples for metallurgical testing, validating legacy data and adding key data points to support a future resource model update.

SMET-25-005 returned a wide interval of continuous mineralization: 219.00 metres of 1.03% CuEq (0.39% Cu, 0.33% Ni, 0.61 ppm Pd, 0.14 ppm Pt).

Mineralization outside the Mineral Resource Estimate (MRE) at Selkirk and within the current conceptual pit shell demonstrated the potential for expansion of the deposit toward the surface: SMET-25-005: starting at 47.00 metres from surface, 48.00 metres of 0.57% CuEq (0.19% Cu, 0.20% Ni, 0.34 ppm Pd, 0.08 ppm Pt). 

For the last decade, diamonds have accounted for around 80% of Botswana’s exports, one-third of fiscal revenues, and one-quarter of GDP. Botswana is the world’s largest diamond producer by value.

“The market for natural diamonds is in crisis, with cut-price lab-grown equivalents hitting demand particularly hard in the U.S.,” confirms Japan Times (JT) on September 4, 2025.

Botswana President Duma Boko has been vocal about his intention to diversify into non-diamond commodities. On September 26, 2025 the President appeared on CNN to discuss job creation, value-added in-country processing and expansion of intra-African trade.

“We want to strategically control the diamond sector and reform it as we go forward,” said President Boko on CNN. “But also diversify within the mining sector. In Botswana, we have other minerals which we haven’t exploited.”

“Copper production provides the most immediate source of economic diversification,” notes Lyle Begbie, an economist at Oxford Economics Africa.

“I’ve had the privilege of meeting President Duma Boko,” NexMetals CEO Lekstrom told GSN. “He is a Harvard Law School graduate, a passionate politician and a sharp businessman. We believe the Selebi and Selkirk copper-nickel projects can play a positive role in Botswana’s next economic evolution.” 

The 32.6-meter intersection reported on October 1, 2025 represents the thickest interval of mineralization drilled by NEXM in its 2025 Selebi resource expansion program and will be included in the future updated Mineral Resource Estimate (MRE).

Assays are pending for SNUG-25-194 and an additional two holes, which are expected to further demonstrate the scale, continuity, and expansion potential of the Selebi North deposit.

[1]The mineral resource estimate on the Selebi Mine is supported by the technical report entitled “Technical Report, Selebi Mines, Central District, Republic of Botswana” and dated September 20, 2024. The report was prepared in accordance with NI 43-101 and Subpart 1300 of Regulation S-K and is available on SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov), in each case, under NEXM’s issuer profile.

All scientific and technical information in this news release has been reviewed and approved by Sharon Taylor, VP Exploration of the Company, MSc, P.Geo, and a “qualified person” for the purposes of National Instrument 43-101 and Subpart 1300 of Regulation S-K.

Contact: guy.bennett@globalstocksnews.com

Disclaimer: NexMetals Mining paid Global Stocks News (GSN) $1,750 for the research, writing and dissemination of this content. 

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The first metallurgical tests, under laboratory conditions, have already exceeded the recovery assumptions of 90% for copper and 75% for molybdenum used in our current resource model

Canada, 9th Oct 2025 – Global Stocks News – Sponsored content disseminated on behalf of Copper Giant Resources. On October 2, 2025 Copper Giant (TSXV: CGNT) (OTCQB: LBCMF) (FRA: 29H0) announced results from its bench-scale, preliminary metallurgical test work on core from the Mocoa copper-molybdenum project.

Copper Giant is developing the Mocoa copper-molybdenum porphyry deposit located in Putumayo, Colombia. The company is drilling aggressively to expand a pit constrained resource of 4.6 billion pounds of copper and 511 million pounds of molybdenum [1.].

With more than 500 million pounds of contained molybdenum—representing up to 30% of the project’s value, Mocoa is emerging as one of the largest undeveloped molybdenum deposits in the world.

The company’s district-scale land package covers 1,360 square km² area – 390X bigger than NYC’s Central Park. Mocoa is open in both directions, along strike and at depth. 

October 2, 2025 Metallurgy Highlights:

• Initial bench-scale rougher flotation laboratory test results show strong recoveries — up to 92% copper and 97% molybdenum, exceeding the assumptions (90% Cu, 75% Mo) used in the current resource model.
• Grind sizes were relatively coarse with a P80 150–180μm in TIMA analysis. Molybdenum mineralogical analysis shows 97% of molybdenite reported as free grains at P80 150–180μm in TIMA-X (TESCAN Integrated Mineral Analyzer) analysis.
• Copper mineralization is dominated by chalcopyrite, a processing-friendly copper mineral, indicating a straightforward and conventional flotation pathway.
• Minerals containing deleterious elements were barely detected, supporting the potential for clean, high-recovery concentrates.

In the next set of testing, Copper Giant will optimize the reagents for both molybdenum and copper. GGNT plans to create a simulated flow sheet, and then a lock cycle, which is a more rigorous representation of a commercial processing facility.

Note: the above results are based on a single 130-kilogram composite and may not be representative of the full deposit.  Additional variability and locked-cycle testing will be required.

“The Mocoa project keeps getting better,” stated Ian Harris, Copper Giant President & CEO in the October 2, 2025 press release. “These first metallurgical tests, under laboratory conditions, have already exceeded the recovery assumptions of 90% for copper and 75% for molybdenum used in our current resource model.”

Primary uses for molybdenum include steel alloys, industrial tools, electrical contacts, high temperature applications and lubricants.

“Like copper, moly plays an important role in the green energy transformation,” said Harris told Guy Bennett, the CEO of Global Stocks News (GSN). “For instance, moly is used extensively in wind turbines, for structural components like towers and shafts, also in lubricants for turbine gearboxes and bearings.”

“Our resource model was based on $10/lb moly and $3/lb copper. Moly is now selling for about $25/lb, and copper is just under $5/lb. So, the projected future economics of the Mocoa project are changing radically.”

“These latest metallurgy results confirm there is a simple path to extracting the copper and mined rock,” added Harris.

https://www.dailymetalprice.com/metalpricecharts.php?c=mo&u=lb&d=2400

“With moly and copper demand, there’s a lot of geopolitics involved,” Harris told GSN. “We recently received a meeting request from the US embassy. I’ve worked in Latin America for 25 years, that’s never happened before.”

The US is an important trading partner with Colombia, with 2024 two-way trade of $36.7 billion.

“China announced it would restrict exports of five critical minerals: tungsten, tellurium, bismuth, indium, and molybdenum,” reported Exiger on February 12, 2025. “Industries dependent on these metals include defence, renewable energy, electronics, and manufacturing.”

In the weeks following China’s announcement, Greenland Resources inked a moly off-take agreement with Finland’s Outokumpu, the largest producer of stainless steel in Europe.

Almonty Industries also signed an off-take agreement to supply moly to a South Korea moly oxide smelter that has a deal with SpaceX.

“These recent moly off-take agreements confirm that countries around the world are looking to lock up moly supply,” Harris told GSN.

The US’s addition of molybdenum to its 2025 Draft List of Critical Minerals further amplifies this.

Investors are increasingly eyeing such assets, with recent sentiment highlighting molybdenum’s ‘perfect storm’ of shortages and strategic importance.

“With the October 2, 2025 metallurgy results confirming strong recoveries — up to 92% copper and 97% molybdenum — there is an opportunity for Copper Giant to play a significant role in meeting the global demand for copper and moly,” added Harris.

On July 30, 2025 Copper Giant reported that hole MD-047 returned 1,004-metres of continuous copper and molybdenum mineralization from surface with the entire hole averaging 0.57% CuEq* (0.39% Cu and 0.04% Mo), including 567-metres grading 0.76% CuEq* (0.54% Cu and 0.05% Mo) —highlighting one of the most robust mineralized intervals drilled within a porphyry domain at Mocoa to date.

“Beyond the exceptional grades, MD-047 gives us clear evidence of a broader and deeper high-grade system than we had modeled. Discovering new intrusive phases and ending the hole in strong mineralization, including a final interval over 1% CuEq, opens a new vector in the system,” stated Edwin Naranjo Sierra, Vice-President of Exploration. 

* Copper equivalent (CuEq) for drill hole interceptions is calculated as: CuEq (%) = Cu (%) + 4.2 × Mo (%), utilizing metal prices of Cu – US$4.00/lb and Mo – US$20.00/lb and metal recoveries of 90% Cu and 75% Mo. Grades are uncut. Mineralized zones at Mocoa are bulk porphyry-style zones and drilled widths are interpreted to be very close to true widths.

Mining financier and philanthropist Frank Giustra has purchased an 11.2% stake in Copper Giant. In 2022, Mr. Giustra co-founded Aris Mining in Colombia. The company operates two underground gold mines, with Q2 2025 revenue of $200 million, up 75% from Q2 2024, driven by higher gold prices.

“I’ve been going to Colombia for over 30 years,” Giustra told Ceo.ca, “It is the only uninterrupted democracy in all Latin America. I’ve had nothing but success in Colombian oil & gas and mining. I have a home in Cartagena. I love the country, wonderful people, and the rule of law works.”

Mocoa remains open in all directions, with several satellite targets identified across the broader land package. These features support the interpretation of a district-scale porphyry system and position Mocoa as one of the most significant undeveloped copper-molybdenum assets in the Andes.

Edwin Naranjo Sierra, Vice-President of Exploration for Copper Giant, is the designated Qualified Person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and approved the technical information in this news release. Mr. Naranjo holds an MSc. in Earth Sciences and is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). With respect to metallurgical procedures and results, the QP has relied on the qualifications of SGS-Peru and reviewed the data for reasonableness.

[1.] For further information refer to NI 43-101 Technical Report, entitled “Technical Report on the Mocoa Copper-Molybdenum Project, Colombia”, dated January 17, 2022, prepared by Michael Rowland Brepsant, FAusIMM, Robert Sim, P.Geo, and Bruce Davis, FAusIMM. with an effective date of November 01, 2021.

Contact: guy.bennett@globalstocksnews.com

Disclaimer: Copper Giant paid Global Stocks News (GSN) $1,750 for the research, writing and dissemination of this content. 

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