Guinea Moves to Cancel Mining Rights of Non-Compliant Companies
Guinea's transitional President General Mamadi Doumbouya instructed his government to withdraw permits and concessions from mining companies that don't respect their legal commitments to the country.
The head of state has 'reiterated that compliance with contractual commitments and deadlines is non-negotiable,' Minister of Information and Communication Fana Soumah said late Thursday on state broadcaster Radio Television Guineenne.
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Associated Press
3 hours ago
- Associated Press
Xtra Energy Secures U.S. Bureau of Land Management (BLM) Permit for Immediate Drilling and Roadwork at American Antimony Project
LAS VEGAS, NV / ACCESS Newswire / June 9, 2025 / Xtra Energy Corp. (OTC PINK:XTPT), a U.S.-based critical minerals exploration and development company, is pleased to announce it has received final approval from the U.S. Bureau of Land Management (BLM) to commence road construction and drilling at its wholly owned American Antimony Project in Nevada. This approval clears the path for immediate development activities, including construction of low-impact access roads and drill pads targeting high-priority zones along the historic Antimony King, King Solomon, and Arrance Mine corridors. XTPT will post the required bond in the next few days. Following roadwork completion, Xtra Energy will initiate: In addition, road access will enable the Company to evaluate and sample a series of high-grade antimony stockpiles distributed across the project site-many of which date back to historic production efforts during World War I and World War II. Notably, past operators shipped only material grading over 50% antimony (Sb), leaving behind substantial volumes of high-grade stockpiled ore. Xtra Energy now intends to conduct modern sampling and processing of these materials as part of its near-term monetization strategy. Surface Stockpile Highlights: Figure 1 below illustrates the first two priority stockpiles identified by XTPT for further evaluation. These stockpiles are estimated to contain approximately 2,100 tons of antimony-rich material and will be the focus of detailed sampling and analysis upon completion of road access construction. Previous laboratory results from initial sampling returned antimony grades as high as 33%, with an average grade of 12.8%, highlighting their strong potential for near-term processing and revenue generation. Figure 1: 2,100 tons of Estimated Antimony Rich material In addition to the two priority piles, the Company has identified over 20 additional stockpiles distributed across the project area. Xtra Energy plans to conduct comprehensive volumetric assessments and assay testing on these remaining stockpiles. Results from this expanded analysis could support a potential multi-million-dollar Phase 1 revenue stream, further enhancing the project's near-term economic potential. Phase 1 Drilling Outline: As shown in Figure 2 below, the constructed road and drill pad locations are strategically positioned along the mineralized felsite dike system. Figure 2: Constructed Road and Drill Pad Locations along felsite dike system Mac J. Shahsavar, Chairman & CEO, commented: 'This milestone marks a significant step forward for Xtra Energy. With road access now approved, we are mobilizing immediately to begin drilling, which will help define the size and scope of our antimony deposits. In parallel, we will gain access to evaluate over 22 historic surface stockpiles-each representing potential near-term revenue opportunities. Combined with our broader mineralized felsite dike system, these assets present a rare and strategic opportunity to help reestablish domestic antimony production in the United States.' Strategic Importance of Antimony: About Xtra Energy Corp. Xtra Energy Corp. (OTC PINK:XTPT) is a U.S.-based mineral resource company dedicated to the exploration, development, and responsible stewardship of critical mineral assets. With a primary focus on antimony, Xtra Energy is advancing a growing portfolio of high-grade domestic projects aimed at reducing U.S. reliance on foreign supply chains. Through environmentally responsible practices and strategic project development, the company is positioning itself to become a leading supplier of antimony-based ore in North America. Contact & Learn More: Xtra Energy Corporation Phone: 512-412-3636 [email protected] Corporate Website: Corporate Linkedin: Corporate Twitter: Corporate Instagram: Corporate Facebook: FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause materially different results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at SOURCE: Xtra Energy Corp. press release
Associated Press
3 hours ago
- Associated Press
Royalty Management Holding Corporation's Portfolio Company, Ferrox Holdings, Launches Ferrox Titanium (FeTi70) Token
Ferrox Holdings is majority owner of Tivani Project; currently developing and expanding the mining and production of titanium, iron and vanadium Royalty Management is currently evaluating additional partnerships around tokenization of assets surrounding industrial, manufacturing, and resource industries, including critical and rare earth elements FISHERS, INDIANA - June 9, 2025 ( NEWMEDIAWIRE ) - Royalty Management Holding Corporation (Nasdaq: RMCO) ('Royalty Management', 'RMCO', or the 'Company'), a forward leaning royalty company building shareholder value by acquiring and developing high value assets in a variety of resource-driven and emerging technology industries, announced today that its portfolio company, Ferrox Holdings, has launched the Ferrox Titanium (FeTi70) Token. The token is designed off the physical asset and production of Ferrox Holdings' Tivani mining operations, with the purchase of one Ferrox Titanium (FeTi70) Token representing an invoice for FerroTitanium70, which will be automatically redeemed upon delivery to an offtake purchaser. The proceeds from the purchases of the token(s) will be used to pay for capital expenditures, operating expenses, general and administrative expenses, for ore processing and smelting facility near the Tivani Project for the purpose of beneficiating run-of-mine to FeTi70 Ferrox's issuance of the Ferrox Titanium Token represents an innovative way for the investor community to gain access to both the Titanium commodity and to Ferrox's business operations and growth. To learn more about the Ferrox token click here or visit Thomas Sauve, Chief Executive Officer of Royalty Management, commented, 'The world of finance and investing is continually evolving, and we are excited to be on the forefront of this evolution of the tokenization of hard assets, which fits squarely within our focus of innovation around mining, manufacturing, and resources. We are excited about the progress at Ferrox and their use of non-dilutive financing to ramp up production and create value for shareholders. Tokenization is a rapidly growing form of financing for operations and assets that can link non-traditional sources of capital for growth initiatives alongside monetization opportunities. We look forward to Ferrox's success with this offering and are actively looking to use similar tokenization structures with our other portfolio holdings and investments in order to pursue maximum potential returns for our shareholders.' Titanium's high strength-to-weight ratio, corrosion resistance, and biocompatibility make it valuable in various applications, including aerospace, medical devices, and consumer goods. It's also used as a pigment in paints and other materials. Titanium uses: RMCO has invested into Ferrox Holdings through a combination of convertible debt and warrants. More information on the Ferrox Titanium (FeTi70) Token can be found at and About Royalty Management Holding Corporation Royalty Management Holding Corporation (NASDAQ: RMCO) is a royalty company building shareholder value to benefit both its shareholders and communities by acquiring and developing high value assets in a variety of market environments. The model is to acquire and structure cash flow streams around assets that can support the communities by monetizing the current existing cash flow streams while identifying transitionary cash flow from the assets for the future. For more information visit Forward-Looking Statements This press release contains statements that constitute 'forward-looking statements,' including with respect to the initial public offering. No assurance can be given that the matters discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those that will be set forth in the 'Risk Factors' section of the Company's registration statement and proxy statement/prospectus to be filed with the SEC. Copies will be available on the SEC's website, The information contained in this release is as of the date first set forth above. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Royalty Management Holding Corporation Contact: Thomas Sauve Chief Executive Officer (646) 245-2465 SOURCE: Royalty Management Holding Corporation View the original release on
Associated Press
5 hours ago
- Associated Press
Standard Uranium Announces Exploration Plans at the Corvo Project with Option Partner Aventis Energy Inc.
Multiple Modern Exploration Programs to be Executed in 2025 Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ('Standard Uranium' or the 'Company') is pleased to provide a summary of 2025 exploration programs planned on its Corvo Uranium Project ('Corvo', or the 'Project'), currently under a three-year earn-in option agreement with Aventis Energy Inc. ('Aventis') (CSE: AVE). Highlights: Sean Hillacre, President & VP Exploration of Standard Uranium, commented: 'The technical team and I are looking forward to getting boots on the ground at Corvo for the first time. We have multiple work programs planned that will add value and bolster our targeting strategy on the project throughout 2025 ahead of our maiden drilling program.' [ This image cannot be displayed. Please visit the source: ] To view an enhanced version of this graphic, please visit: 2025 Exploration Plans Earlier this year, the Company contracted Axiom Exploration Group Ltd. in partnership with New Resolution Geophysics to carry out a helicopter-borne Xcite time domain electromagnetic and total field magnetic survey over the Corvo Project. The survey totalled approximately 1,380 line-kms with a traverse line spacing of 100 m and tie-line spacing of 1,000 m. The airborne TDEM survey outlines several kilometers of conductive anomalies and magnetic features in bedrock, effectively enhancing the resolution of the conductive trends on the project. The magnetic survey component of the TDEM survey contributes to definition of potential fault systems and structural trends not previously identified across the project related to historical uranium showings at surface and in historical drill holes. The Company will undertake a detailed mapping, prospecting, and sampling program to ground-truth historical uranium showings at surface in early July 2025. Samples will be shipped to Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon, SK for geochemical analysis. Results will be released and incorporated into the NI 43-101 technical report on the project. Supplementary geophysical surveys across the Project are being designed to further refine drill targets for an inaugural drill program. The Company plans to complete a high-resolution ground gravity survey across the main conductive trends on the Project, aiming to identify potential hydrothermal alteration halos which could be related to basement-hosted uranium mineralization. Ongoing geophysical interpretation and modeling is planned throughout 2025 to integrate historical surveys with newly collected datasets, which will provide high-priority drill targets and significantly derisk the Project prior to modern drilling next year. The Company believes the Project is highly prospective for the discovery of shallow, high-grade basement-hosted uranium mineralization akin to the Rabbit Lake deposit and the recently discovered Gemini Mineralized Zone. Located just outside the current margin of the Athabasca Basin, Corvo boasts shallow drill targets with bedrock under minimal cover of glacial till. Several outcrop showings of mineralized veins and fractures are present on the Project, notably the Manhattan Showing that returned historical grab sample results 59,800 ppm U at surface1 and has never been drill tested. [ This image cannot be displayed. Please visit the source: ] To view an enhanced version of this graphic, please visit: Qualified Person Statement The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, President and VP Exploration of the Company and a 'qualified person' as defined in NI 43-101. Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company's future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects. Any historical grab samples disclosed are selected samples and may not represent true underlying mineralization. References 1 SMDI# 2052: & Mineral Assessment Report MAW00047: Eagle Plains Resources Inc., 2011-2012 2 Standard Uranium Provides Exploration Update Highlighting Results of Gravity and TDEM Surveys on Three Eastern Athabasca Uranium Projects, News Release, March 13, 2025. About Standard Uranium (TSXV: STND) We find the fuel to power a clean energy future Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world's richest uranium district. The Company holds interest in over 233,455 acres (94,476 hectares) in the world-class Athabasca Basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development. Standard Uranium's Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises ten mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected. Standard Uranium's eastern Athabasca projects comprise over 42,384 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries. Standard Uranium's Sun Dog project, in the northwest part of the Athabasca Basin, Saskatchewan, is comprised of nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area. For further information contact: Jon Bey, Chief Executive Officer and Chairman Suite 3123, 595 Burrard Street Vancouver, British Columbia, V7X 1J1 Tel: 1 (306) 850-6699 E-mail: [email protected] Cautionary Statement Regarding Forward-Looking Statements This news release contains 'forward-looking statements' or 'forward-looking information' (collectively, 'forward-looking statements') within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements regarding: the timing and content of upcoming work programs; geological interpretations; timing of the Company's exploration programs; and estimates of market conditions. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the 'Risks and Uncertainties' in the Company's management discussion and analysis for the fiscal year ended April 30, 2024. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company's actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: that the transaction with the Optionee will proceed as planned; the future price of uranium; anticipated costs and the Company's ability to raise additional capital if and when necessary; volatility in the market price of the Company's securities; future sales of the Company's securities; the Company's ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company's mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit
