OSC announces next steps on improving investor access to long-term assets
TORONTO, May 29, 2025 /CNW/ - The Ontario Securities Commission (OSC) today announced the introduction of a new OSC LaunchPad Long-Term Asset Fund Project aimed at bringing to market new investment fund products that provide exposure to long-term assets.
The LaunchPad project is an opportunity for the OSC to work with firms seeking to develop investment funds that would provide retail investors with exposure to this alternative asset class. In response to stakeholder comments on an OSC consultation paper published in October 2024, the LaunchPad project aims to consider novel exemptive relief requests to permit alternative investment fund structures that provide retail investors with exposure to long-term assets. At the same time, it will explore and require bespoke investor protection controls based on the specific details of each fund and product.
"The investment landscape is shifting, and retail investors are increasingly looking to diversify their portfolios," said OSC CEO Grant Vingoe. "The LaunchPad project is supporting new and innovative financial products that can enhance market efficiency and provide new opportunities for investors. Through this work we are bridging the evolving needs of investors and the growth aspirations of firms, all with the support and investor protection oversight of the OSC."
The OSC encourages stakeholders to contact us regarding possible investment fund product structures that could increase opportunities for retail investor holdings of long-term assets while maintaining appropriate investor protections, and the exemptive relief that may be necessary to facilitate product launches.
The LaunchPad project represents a close collaboration between the Investment Management Division and Office of Economic Growth and Innovation at the OSC.
The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets, and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at https://www.osc.ca.
Notes to Editors:
In October 2024 the OSC announced a consultation on a new long-term asset fund product structure which aims to improve retail investor access to novel investment opportunities. The consultation proposes the creation of a new investment fund category, the Ontario Long-Term Asset Fund (OLTF), which would allow Ontarians to invest in assets they may not traditionally have exposure to. These assets include venture capital, private debt and equity, and infrastructure and natural resource projects. OLTFs could offer opportunities for more retail investors to participate in capital-intensive projects, while enabling businesses to lower funding costs and raise the capital necessary for growth.
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SOURCE Ontario Securities Commission
View original content: http://www.newswire.ca/en/releases/archive/May2025/29/c0782.html
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PLS PROJECT WINTER DRILLING DELIVERS POSITIVE RESULTS AT SALOON EAST
PERTH, Australia, June 2, 2025 /CNW/ - Paladin Energy Ltd (ASX: PDN) (TSX: PDN) (OTCQX: PALAF) ("Paladin" or the "Company") is pleased to advise it has successfully completed a winter exploration program at the Patterson Lake South (PLS) high-grade uranium project in the Athabasca Basin region of Saskatchewan, Canada. The winter program was carried out in line with the Company's strategic objective to identify additional uranium mineralization outside of the Triple R deposit within the largely underexplored 31,039-hectare PLS project. The results represent the strongest radioactivity identified outside of the Triple R Deposit at PLS. Twenty drillholes totalling 7,102.9m were completed between February and May 2025, with eleven drillholes targeting the Saloon East area, 3.5km southeast of the Triple R deposit (Figure 1 and Table 1). All eleven drillholes at Saloon East intersected highly elevated radioactivity in multiple zones and over significant widths with downhole gamma probe peaks up to 51,303 counts per second (cps). Radioactivity across the Saloon East area has been defined by drilling in two areas separated by 550m (Figure 2), between 200m and 420m vertically from surface within a consistent package of steeply southeast dipping, hydrothermally altered and structurally deformed basement rocks. Drilling Highlights Twenty exploration drillholes between February and May, totalling 7,102.9m Drilling was primarily focused at Saloon East to target elevated radioactivity intersected in 2024 Saloon East – Eleven drillholes completed, encountering highly elevated radioactivity associated with strong hydrothermal alteration, including: PLS25-688A – 41.2m of total composite radioactivity, including 12.3m of continuous radioactivity averaging 3,582 cps with a maximum of 13,657 cps PLS25-693 – 51.0m of total composite radioactivity, including 37.2m of continuous radioactivity averaging 4,761 cps with a maximum of 34,636 cps PLS25-696 – 56.7m of total composite radioactivity, including 11.5m of continuous radioactivity averaging 8,957 cps with a maximum of 51,303 cps PLS25-698 – 25.2m of total composite radioactivity, including 12.5m of continuous radioactivity averaging 4,198 cps with a maximum of 27,730 cps PLG-3 – one reconnaissance drillhole 100m west of the R1515W orebody intersected intensely altered basement rocks with anomalous radioactivity: PLS25-704 – 53.5m of total composite radioactivity, including 32.6m averaging 2,116.7 cps with a maximum of 5,133.3 cps Paladin CEO, Ian Purdy said: "Our Canadian team are very encouraged by the initial results we are seeing at Saloon East. The drilling results at Saloon East represent the strongest radioactivity intersected on the PLS property to date outside of the Triple R deposit. All eleven Saloon East drillholes completed to date in 2025 intersected radioactivity and have provided exciting results over significant core lengths. The widespread presence of elevated radioactivity and hydrothermal alteration suggests that we are exploring a significant mineralised system." Overview of the Saloon Trend The Saloon Trend is a linear, multi-kilometre long, southwest-northeast trending structural zone up to 1km in width, that is parallel to and located 3.5km south of the shear zones that host the Triple R deposit within the Patterson Lake Conductive Corridor. The Saloon Trend has been a major focus of the 2024 and 2025 exploration drilling, with 27 drillholes completed along 8.8km of its strike length. Drilling in August 2024 in the eastern portion of the Saloon Trend intersected anomalous radioactivity in three drillholes, PLS24-680, 682 and 684B, in what was subsequently termed Saloon East. Drilling in the first half of 2025 followed up on the August 2024 results at Saloon East and intersected highly elevated radioactivity, with notable intercepts in drillholes PLS25-696 and 698. Drilling along trend to the northeast intersected a thick zone of elevated radioactivity in PLS25-693, leaving a highly prospective 550m long untested zone between the two established zones of radioactivity. Figure 1: 2025 Regional Drillhole Plan Map Figure 2: Saloon East drilling to date Table 1: 2025 Regional Exploration Drill Hole Summary Collar Basement depth (m) Totaldepth (m) 2PGA-1000 Gamma probe (≥500 cps / ≥0.5 m minimum) ExplorationArea Hole ID Easting(UTM NAD83) Northing(UTMNAD83) Elevation(masl) Azimuth(deg) Dip(deg) From To Interval Average cps Max cps Saloon East PLS25-685 601774.8 6388784.0 498.3 128 -70 44.4 558.0 263.6 272.1 8.5 694 2,009 279.2 289.2 10.0 2,576 14,772 291.7 294.0 2.3 1,140 2,916 299.7 303.2 3.5 641 1,715 319.1 324.5 5.4 1,177 3,346 333.4 333.9 0.5 578 672 342.9 343.7 0.8 1,406 2,422 387.8 390.5 2.7 2,641 7,413 394.2 396.7 2.5 2,566 10,010 428.5 429.1 0.6 3,713 6,165 PLS25-688A 601789.1 6388769.2 498.0 129 -71 51.0 552.0 108.7 109.8 1.1 589 800 204.6 205.1 0.5 598 687 210.2 215.4 5.2 1,115 3,962 223.1 223.8 0.7 576 637 225.8 236.1 10.3 2,474 11,660 289.7 290.8 1.1 1,377 2,152 312.0 312.5 0.5 1,402 2,002 365.4 365.9 0.5 1,151 1,665 370.4 371.7 1.3 6,133 14,862 416.3 419.8 3.5 4,030 11,964 424.0 426.5 2.5 3,443 11,280 433.2 445.5 12.3 3,582 13,657 497.0 498.7 1.7 773 1,046 PLS25-690 602270.6 6389053.9 498.2 321 -75 51.0 387.0 243.0 246.0 3.0 533 1,092 283.6 290.3 6.7 764 2,122 295.8 297.5 1.7 1,403 2,250 PLS25-691 601800.2 6388759.9 498.2 129 -71 50.6 492.1 180.9 184.3 3.4 682 919 227.3 227.9 0.6 778 961 251.4 254.7 3.3 531 802 268.1 272.0 3.9 960 1,951 418.3 424.8 6.5 627 1,847 427.8 431.2 3.4 1,057 2,625 443.0 443.8 0.8 536 647 PLS25-692 602270.4 6389065.4 498.0 305 -73 53.5 330.0 190.8 192.0 1.2 669 793 195.6 199.1 3.5 639 2,849 202.7 212.4 9.7 1,314 5,423 234.0 234.8 0.8 612 803 249.7 252.3 2.6 623 944 256.8 267.5 10.7 1,172 4,988 273.5 277.9 4.4 1,650 4,837 317.0 317.6 0.6 1,360 2,015 PLS25-693 602270.4 6389065.4 498.0 310 -68 60.8 318.0 164.8 166.4 1.6 515 726 180.1 181.1 1.0 782 1,271 204.1 210.1 6.0 923 3,976 213.4 217.9 4.5 634 1,908 220.5 257.7 37.2 4,761 34,636 294.4 295.1 0.7 809 1,373 PLS25-694A 601841.6 6388784.0 498.0 129 -75 46.8 348.0 185.7 190.1 4.4 1,418 3,856 195.9 196.4 0.5 867 1,208 198.5 205.5 7.0 1,548 3,010 222.0 223.3 1.3 831 1,190 226.7 228.1 1.4 1,209 1,752 241.6 246.5 4.9 1,079 1,913 250.5 251.2 0.7 824 1,179 264.0 273.7 9.7 928 2,466 288.4 294.1 5.7 871 1,783 PLS25-695 602270.4 6389065.4 498.0 305 -60 56.4 213.0 Drillhole lost, not gamma probed PLS25-696 601895.9 6388750.8 498.3 335 -80 64.9 351.0 161.5 164.8 3.3 652 1,185 185.3 218.3 33.0 1,101 6,723 222.9 224.3 1.4 703 896 227.6 232.3 4.7 738 2,057 241.9 253.4 11.5 8,957 51,303 258.8 260.9 2.1 1,750 4,473 306.5 307.2 0.7 662 943 PLS25-697 602252.2 6389079.1 498.2 304 -66.25 74.4 250.1 120.5 125.8 5.3 563 1,099 138.6 139.5 0.9 604 798 141.0 141.5 0.5 675 793 152.4 161.5 9.1 611 1,960 172.7 173.6 0.9 618 677 177.1 178.1 1.0 608 679 184.2 188.8 4.6 1,377 4,104 193.9 195.7 1.8 925 1,446 PLS25-698 602019.0 6388634.2 510.7 316 -49 92.5 357.0 134.9 135.5 0.6 717 763 259.2 265.7 6.5 1,513 4,702 276.2 281.8 5.6 954 2,999 291.6 304.1 12.5 4,198 27,730 Saloon PLS25-700A 602083.8 6388022.1 527.1 313 -77 83.6 537.0 183.8 187.9 4.1 554 1,258 436.6 437.3 0.7 806 1,107 446.7 447.3 0.6 947 1,232 PLS25-703 598710.0 6386314.0 565.0 320 -75 126.0 198.3 Drillhole lost South Patterson PLS25-686A 599131.0 6388680.0 498.1 0 -90 51.0 201.0 129.0 131.0 2.0 624 1,038 134.5 135.5 1.0 568 721 142.7 147.3 4.6 536 821 149.3 152.1 2.8 589 1,145 163.9 164.6 0.7 545 643 174.3 179.1 4.8 692 1,041 181.3 182.8 1.5 666 848 Far East PLS25-687 600112.8 6390497.2 498.3 348 -70 47.8 204.4 No anomalous radioactivity PLS25-689 600359.3 6390575.5 501.9 158 -79 54.2 372.0 No anomalous radioactivity PLG Main PLS25-699 597359.7 6389781.8 536.4 157 -77 95.7 558.0 120.9 124.1 3.2 633 856 128.5 130.5 2.0 501 581 132.6 134.8 2.2 778 1,196 PLS25-701 596345.0 6389136.0 548.3 347 -77 111.0 270.0 104.4 124.5 20.1 1,796 4,076 PLS25-702 596058.2 6389209.5 554.4 155 -60 143.4 288.0 No anomalous radioactivity PLS25-704 596189.5 6389089.4 552.1 335 -78 110.3 318.0 105.0 137.6 32.6 2,117 5,133 138.3 141.2 2.9 634 866 142.8 152.4 9.6 1,036 6,415 170.8 171.4 0.6 795 980 173.0 174.8 1.8 828 1,476 177.8 183.8 6.0 589 1,505 Competent Person's Statement / Qualified Person and Technical Information The drilling and exploration results contained in this document have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The information in this document as it relates to drilling and exploration results was provided by Kanan Sarioglu, a Competent Person and "qualified person" under NI 43-101, who is a registered Professional Geoscientist ( with the Engineers and Geoscientists of British Columbia (EGBC), the Association of Professional Geoscientists and Engineers of Alberta (APEGA) and the Association of Professional Geoscientists and Engineers of Saskatchewan (APEGS). Kanan Sarioglu is the VP Exploration for Paladin Canada and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking, to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Sarioglu consents to the inclusion in this document of the matters based on the information in the form and context in which it appears. The drilling and exploration results including verification of the data disclosed, has been completed by Kanan Sarioglu following NI 43-101. Mr. Sarioglu has reviewed and approved the contents of this news release. The design of the drilling programs and interpretation of results is under the control of Paladin Canada's geological staff, including qualified persons employing strict protocols consistent with NI 43-101 and industry best practices. Natural gamma radiation that is reported in this news release was measured in counts per second every 10cm throughout the length of each drillhole, in the up and down direction, using a Mount Sopris 2PGA-1000 single gamma probe. Results presented were derived from the up-hole data only. Prior to drilling, the accuracy of the 2PGA-1000 gamma probe was confirmed using a historical calibration drillhole on the PLS property. The reader is cautioned that gamma probe readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials. All intersections are down-hole depths. All depths reported of core interval measurements including radioactivity and mineralization intervals widths are not always representative of true thickness. Forward-looking statements This announcement includes forward-looking information (forward-looking statements) that can generally be identified by words such as "anticipate", "expect", "likely", "propose", will", "intend", "should", "could", "may", "believe", "forecast", "estimate", "target", "outlook", "guidance" and similar expressions. Forward-looking statements involve subjective judgment and are subject to significant uncertainties and contingencies (including risk factors associated with the mining industry), many of which are outside the control of the Company. Although at the date of this announcement Paladin believes the forward-looking statements contained herein are based on reasonable assumptions, such statements are not guarantees of future performance. Actual results or developments may differ materially from the Company's expectations due to a range of factors including fluctuations in commodity prices and exchange rates, exploitation and exploration successes, permitting and development issues, political risks, First Nation engagement, climate risk, natural disasters, regulatory concerns, continued availability of capital and financing, general economic and market conditions, general uranium industry factors, and other factors. The Company makes no representation, warranty, guarantee or assurance (express or implied) that any forward-looking statements will prove to be correct. Except for statutory liability, which cannot be excluded, the Company, its officers, employees and advisers expressly disclaim any responsibility for the accuracy or completeness of the material contained in this announcement and exclude all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this announcement or any error or omission therefrom. The Company accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this announcement or any other information made available to a person nor any obligation to furnish the person with any further information. JORC Code, 2012 Edition – Table 1 Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Commentary Sampling techniques Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. Results reported in this announcement consist of downhole radioactivity measured using a 2PGA-1000 gamma probe The 2PGA-1000 gamma probe records radioactivity in counts per second (cps) every 10 cm throughout the entire length of the drillhole in both the up and down directions, at a speed of approximately 6 m/minute Gamma probe measurements are made within the drill rods The 2PGA-1000 gamma probe comes calibrated from the manufacturer and is checked on site at Patterson Lake South using a historical calibration drillhole Drilling techniques Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). All drilling reported in this release was completed using a Zinex A5 core drill In select drillholes with poor ground conditions at the top of bedrock HQ (63.5 mm) diameter coring was performed, but drillholes are primarily NQ (47.6 mm) diameter, standard tube Drill core is orientated by the logging geologist, with orientation marks provided by a REFLEX ACTIII Drill sample recovery Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. Drill core recovery is not relevant to this release as it pertains to in-situ gamma probe results Logging Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevant intersections logged. All core drilled at the PLS project has been geologically and geotechnically logged in detail Drill core relevant to this news release has not been logged in a level of detail to support resource estimation or mining studies as these are exploration drillholes Logging is qualitative in nature core photos have been collected for all drill core Sub-sampling techniques and sample preparation If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled. Not relevant to this release Quality of assay data and laboratory tests The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. Radioactivity measurements in this release were recorded using a 2PGA-1000 single gamma probe manufactured by Mount Sopris The gamma probe comes calibrated from the manufacturer, and Paladin has an on-site check drillhole which is used to confirm the probe accuracy prior to the start of every drill campaign Radioactivity measurements were recorded every 10 cm Drillholes are surveyed in the down and up directions, effectively duplicating the results, which are compared for any discrepancies after surveying Verification of sampling and assaying The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data. Significant intersections have not been verified by independent or alterative company personnel No holes have been twinned Gamma probe data was collected at the drill by Paladin contactors, then the raw data was directly issued to the Paladin technical team All probe data is converted to Excel format and stored in Paladin's drillhole database Location of data points Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control. All drillhole collars are positioned using a Trimble real time kinematic GPS system All coordinates are in UTM NAD83 Drillholes are aligned to the planned azimuth and dip using a TN-14 azimuth aligner A final collar position is collected using the Trimble GPS once the drill has moved off the site Drillhole azimuth and dip information is measured every 50 m during drilling using a REFLEX EZ-Trac The PLS property has a detailed digital terrane model to provide topographic control Data spacing and distribution Data spacing for reporting of Exploration Results. Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied. Pierce point spacing for exploration drilling can vary between 15 to 50 m depending on the geology and level of radioactivity encountered Drillhole pierce point spacing is considered appropriate for the current exploration stage of drillholes in this release Orientation of data in relation to geological structure Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. Drilling orientations are generally sub-perpendicular to the interpreted dip of the geology, but there is limited knowledge of the geology in exploration areas Occasional drillholes will be orientated parallel to features of interest to test their depth extent It is noted within the release that all radioactive intervals are core lengths and not true widths Sample security The measures taken to ensure sample security. Not relevant to this release Audits or reviews The results of any audits or reviews of sampling techniques and data. No audits or reviews of the data presented in this release have occurred Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.) Criteria JORC Code explanation Commentary Mineral tenement and land tenure status Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. Drilling presented in this release was completed on mineral claim S-111376 which is 100% owned by Fission Uranium Corp a subsidiary of Paladin Energy Ltd. All claims are in good standing and all necessary permits for drilling and geophysical surveys have been received Exploration done by other parties Acknowledgment and appraisal of exploration by other parties. The PLS project has been explored by a number of historical exploration companies including Uranerz Exploration and Mining Ltd., Hudson Bay Exploration and Development and Canadian Occidental Petroleum Ltd. There are historical drillholes on the property, none of which have tested the areas presented in this announcement Geology Deposit type, geological setting and style of mineralisation. The target deposit type is unconformity-associated high-grade uranium, hosted at the base of the Athabasca Basin or underlying metamorphic basement rocks Drill hole Information A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: easting and northing of the drill hole collar elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar dip and azimuth of the hole down hole length and interception depth hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. This information is included in Table 1 of the announcement No material information has been excluded Data aggregation methods In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated. Radioactivity measurements are recorded every 10 cm throughout the drillhole length, no weighting is applied Relationship between mineralisation widths and intercept lengths These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known'). All intervals are down hole lengths Due to the early-stage nature of these results, true widths are not known at this time Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. Refer to the figures in the announcement Balanced reporting Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. All relevant exploration data has been reported Other substantive exploration data Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. All relevant exploration data has been reported Further work The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. Next steps are outlined within the release SOURCE Paladin Energy Ltd View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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2 opposition MPPs have created a plan to solve Ontario's homelessness crisis in 10 years. Could it work?
A Green and Liberal MPP have worked together to develop a plan they say could fix the Ontario housing crisis in 10 years. Kitchener Centre MPP Aislinn Clancy and Etobicoke-Lakeshore MPP Lee Fairclough are co-sponsoring a private member's bill that they say creates a housing-first plan. Experts CBC News spoke to say while not perfect, if passed, the bill would take important steps to really addressing the homelessness crisis being felt in municipalities across Ontario. Bill 28, Homelessness Ends with Housing Act includes the creation of a portable housing benefit, setting up an advisory committee of people with expertise and collecting data on supportive housing to make sure the province is meeting its targets. "Every Ontarian deserves a stable, safe, affordable place to live, and this new legislation offers a solution and a clear path rooted in evidence, compassion and a commitment to housing as a human right," Clancy said in a news conference on Tuesday. Fairclough says the causes of homelessness need to be addressed to find real solutions. "We have the data, we have the road maps and as this bill references, housing first is a proven policy to end chronic homelessness," Fairclough said. Kelly Welch, who is from Waterloo region and has been precariously housed, said at times she only had $20 in her pocket. That meant she had to find ways to navigate the system on her own and she feels like that experience could be invaluable to the government. "I support this bill and sharing that lived experience because we do come up with solutions," she said at the news conference. "I would like to lift up the lived experience of others and to share those because everyone deserves a home and having safe, secure housing was that first step to building my life." WATCH | : Growing number of people experiencing homelessness A report released by the Association of Municipalities of Ontario in January 2025 said more than 80,000 Ontarians were known to be homeless in 2024, a 25 per cent increase over 2022. "Ontario is at a tipping point in its homelessness crisis," the report warned, noting without "significant intervention" the number of people who are homeless in the province could triple by 2035. It noted 25 per cent of those experiencing homelessness were children and youth, while Indigenous people were disproportionately affected, with 45 per cent of people experiencing chronic homelessness in northern communities identifying as Indigenous. "In northern Ontario, known homelessness has risen by an estimated 204 per cent since 2016, growing from 1,771 people to 5,377 people in 2024," the report said. Meanwhile, Ontario's cities have reported an increasing number of refugees and asylum seekers who need help to find stable housing. "The growing pressures of Ontario's homelessness crisis are felt most acutely at the local level. Municipal governments are tasked with responding to immediate needs while trying to deal with infrastructure gaps that limit their ability to address long-term solutions," the report said. "Communities are deeply affected, with individuals and families enduring the trauma of homelessness and neighbourhoods saying that long-term homelessness and people living outdoors are unacceptable, demanding urgent action from governments." Housing first works: Expert The concept of "housing first" is a major part of the private member's bill from Clancy and Fairclough and it means people should be given housing as a first step to helping them with other issues. Carolyn Whitzman, an adjunct professor and senior housing researcher at the University of Toronto, says she says it's always great when politicians understand that providing housing "is the only proven way to end homelessness." "I would hope that this understanding transcends politics, because it will take a generation to end homelessness and co-ordinated action from all levels of government, most of all provinces," she told CBC News in an email. She pointed to Finland, which has implemented a housing-first approach and aims to end homelessness completely by 2027. Maritt Kirst is an associate professor in the community psychology program at Wilfrid Laurier University in Waterloo and also the co-director of the Centre for Community Research, Learning, and Action and the director of Community Mental Health Research Interest Group. She says she commended the MPPs for including the housing-first approach into their bill. "While the largest research trial of housing first was conducted in Canada in 2008 to 2013 — the At Home/Chez Soi Project — and contributed significant amounts of evidence on the success of the housing-first program, Canada lags behind in implementing this approach compared to other countries," she said in an email. Kirst said another important part of the private member's bill is developing an advisory committee of people with lived experience. "It is critical to include the voices of people with lived experience in the development of any policy initiative in order to accurately reflect the needs of the population and what works for them," Kirst said. "The enactment of a bill such as this would support a much needed shift away from governments' heavy reliance on Band-Aid solutions like emergency shelters and approaches that criminalize people experiencing homelessness, towards effective solutions to end homelessness in Ontario." Kaite Burkholder Harris, the executive director of the Alliance to End Homelessness Ottawa and co-chair of the Ontario Alliance to End Homelessness, says she also appreciates the focus on housing first and it is a reachable goal. "If we were to properly resource and actually build boatloads of non-profit housing, I think that we could see it seriously change in a relatively short period of time," she said in an interview. She said the current path the province is on will not solve the homelessness crisis in the next decade. Burkholder Harris says with Bill 6 — the Safer Municipalities Act which is currently in the committee stage and which would create harsher penalties if someone were caught using drugs or alcohol in a tent and for trespassing infractions — the province is "criminalizing the experience of being homeless." Burkholder Harris says there's also a misconception everyone who is homeless has complex needs but she says some people simply just need a place to live. "Some people who are very unwell, they do need a certain type of housing," she said. "Many people are waking up and going to work in the morning … and they have a minimum wage job and they can't afford rent," she said, noting if someone falls behind in their rent and gets evicted, it can take time for them to save up again to afford first and last month rent in their area. "But those folks, if they get stuck in being homeless, they are going to develop more complex needs," she said. Data collection needed to develop a strategy Dawn Parker is a professor in the school of planning at the University of Waterloo and says her first impression of the private member's bill is that would take an important step in gathering much needed data about what is happening in the province. "Politically, this is not a strategy to end homelessness. I don't think a real strategy to end homelessness has any chance of passing the legislature at this point during this government," Parker said. "What really this bill proposes is to start tracking, seriously start tracking data, on homelessness and housing for those who've been homeless or who fall back into homelessness. Beyond that, it asks the province to develop a strategy." Parker says the Green party and NDP in Ontario and nationally have put forward practical solutions to tackle different aspects of housing and why it's become unaffordable, including building non-profit housing on public lands, implementing vacant home taxes and using inclusionary zoning, which require private developers to include a certain percentage of affordable units within new, multi-unit housing developments. None of the advice is new, she says, noting she started talking to media about missing middle housing nearly a decade ago. "Housing experts have been saying the same things over and over and over and over again for years on end," Parker said. "We keep giving the same advice. It's up to the province when and how they take up that advice." Parker says she hopes the current Ontario government really considers what is in the Liberal-Green private member's bill because really, what it's recommending is getting more information to make better decisions. "This is a quite benign bill that mainly calls for consistent reporting and data tracking. I would hope that it could pass," she said. "If it doesn't happen, why not? Why is there a fear of information? We should all value and support efforts to bring data and daylight to the problems that we face, so we're all talking from the same information and about the same things."
