Latest news with #Beh
Khaleej Times
14-07-2025
- Business
- Khaleej Times
Dubai jumps in global wealth rankings as lifestyle appeal lures world's elite
Dubai has risen to the seventh place globally and fourth in the EMEA region as a preferred destination for high-net-worth individuals. In Julius Baer's Global Wealth and Lifestyle Report 2025, Dubai underscored its meteoric rise as a sought-after global hub for the super rich, climbing five spots from last year's ranking, marking the largest leap across the Europe, Middle East, and Africa (EMEA) region, despite only a marginal one per cent increase in average local currency prices. The report, which tracks the cost of luxury living across major cities, paints a compelling picture of Dubai's growing stature as a global wealth magnet. While the world grapples with geopolitical tensions and macroeconomic uncertainty, Dubai is attracting record inflows of capital, people, and investment. With a potent mix of favourable tax policies, world-class infrastructure, and visionary leadership, the city is positioning itself alongside traditional wealth hubs like London, Monaco, and Zurich. Big-ticket items have been a key driver of Dubai's rise in the rankings. Car prices have jumped 13 per cent, while residential property values have surged 17 per cent — contributing significantly to the overall cost of luxury living. This mirrors a broader real estate boom: Dubai's property market saw values climb 27 per cent year-on-year in 2024, with prime neighbourhoods witnessing record-high demand from international buyers. 'This is not a momentary spike — it's a long-term recalibration,' said Behnam Bargh, managing director at CRC Property. 'Dubai is no longer just a second-home city for global elites. It is becoming the first choice for residency, business, and lifestyle.' That sentiment is backed by global mobility firm Henley & Partners, which reported a 102 per cent increase in the number of millionaires residing in Dubai over the last decade. The city continues to lead the world in millionaire inflows, a trend that accelerated during the pandemic and has shown no signs of slowing. Much of this momentum is attributed to long-term residency programmes such as the Golden Visa and Entrepreneur Visa, as well as a secure, pro-business environment that stands out amid global volatility. Complementing this financial magnetism is Dubai's lifestyle appeal. HNWIs in the Middle East are showing strong demand for both experiential and material luxury. Premium hotel stays, fine dining, designer menswear, and high-end accessories remain popular among affluent residents. Meanwhile, wellness, longevity, and sustainable living are becoming top priorities for the region's elite. The survey reveals that nearly 100 per cent of HNWIs in the Middle East are now focused on extending their lifespan—through healthier lifestyles, advanced medical treatments, and investments in wellbeing. At the same time, financial longevity is gaining traction, with many reassessing their wealth strategies in light of longer life expectancies. Dubai is also adapting to this shift by developing ecosystems that cater to all stages of life. With the city's over-60 population expected to grow by 29 per cent by 2050, new investments in healthcare, wellness, and sustainable infrastructure are underway. The Emirate's 'D33' agenda aims to double the size of Dubai's economy by 2033, and longevity-linked sectors are expected to play a crucial role in that growth. The financial services ecosystem is booming as well. The Dubai International Financial Centre (DIFC) reported a 25 per cent increase in active companies during 2024, reinforcing Dubai's status as a global capital for fintech, digital assets, and investment banking. Abu Dhabi is also making strides, with its non-oil economy growing 8.6 per cent in 2024 and contributing over 55 per cent to the emirate's GDP. Christian Gattiker, head of research at Julius Baer, noted that the GCC economies, particularly the UAE, are displaying remarkable resilience. 'With low inflation, strong fiscal buffers, and a commitment to reform, Dubai and Abu Dhabi are attracting wealth and talent at a time when many global cities are facing economic stagnation.' Globally, Singapore held onto its title as the most expensive city for HNWIs, followed by London and Hong Kong. EMEA cities accounted for more than half of the top ten, highlighting the region's enduring appeal. Dubai, with its strategic location, diversified economy, and luxury ecosystem, is emerging as a serious challenger for a spot on the podium in the near future. At a time when the global luxury market is showing signs of softening — evidenced by a 2.0 per cent decline in prices in US dollar terms — Dubai's ascent stands out. Technology prices dropped 22.6 per cent globally, but travel and private education costs soared, driven by changing business models and shifting regulatory landscapes.
The Star
07-07-2025
- Health
- The Star
Renowned forensic pathologist Dr Philip Beh passes away in Hong Kong
KUALA LUMPUR: Dr Philip Beh, a renowned forensic pathologist of Malaysian origin and co-founder of RainLily — Hong Kong's first crisis centre for victims of sexual violence — has passed away. The University of Hong Kong (HKU), where Dr Beh served as an honorary clinical associate professor in the Department of Pathology, confirmed his death in a statement on Saturday (Jul 5). Dr Beh had been ill in recent months, according to colleagues. Despite his condition, he remained active in teaching and advocacy for as long as he could. Originally from Malaysia, Dr Beh became a pioneering figure in Hong Kong's forensic pathology and medical education. He was known for his outspokenness, compassion, and strong commitment to justice and human rights. He worked tirelessly to improve Hong Kong's medico-legal and forensic services and was widely respected across both medical and legal circles. In 2000, Dr Beh co-founded RainLily, the first crisis support centre of its kind in Hong Kong. Since then, the centre has helped thousands of survivors of sexual violence and played a key role in shaping better institutional responses to gender-based violence. Paying tribute, Professor Lau Chak Sing, Dean of the Li Ka Shing Faculty of Medicine at HKU, said Philip was an inspiring teacher, a compassionate doctor, and a fearless advocate for justice. "His contributions to society were immense, and he will be deeply missed by the entire HKU family and beyond." Tributes have poured in from across Hong Kong's medical, academic, and legal sectors, praising Dr Beh's fearless advocacy, empathy, and unwavering integrity. Although he spent most of his professional life in Hong Kong, Dr Beh's roots in Malaysia and his regional influence make him a figure of lasting significance. His work continues to inspire efforts across Asia, including in Malaysia, to strengthen victim support systems and forensic practices.
Business Times
22-05-2025
- Business
- Business Times
Economists split over risk of technical recession, after revised Singapore Q1 growth beats market expectations
[SINGAPORE] Private-sector economists remain split over the risk of Singapore entering a technical recession, with some raising their full-year forecasts after Q1 growth came in better than expected. Singapore's gross domestic product grew 3.9 per cent year on year in Q1, revised up marginally from the advance estimate of 3.8 per cent, Ministry of Trade and Industry (MTI) figures indicated on Thursday (May 22). Though it was a slowdown from the previous quarter's 5 per cent growth, it surpassed economists' expectations of 3.6 per cent. MTI maintained its forecast range of 0 to 2 per cent. Most economists also kept theirs, but two banks – Maybank and UOB – upgraded their forecasts. On a quarter-on-quarter seasonally adjusted basis, the economy shrank 0.6 per cent, reversing from Q4's 0.5 per cent growth. Though less than the 0.8 per cent contraction in the advance figures, this still paves the way for a technical recession, which MTI permanent secretary Dr Beh Swan Gin acknowledged as 'a possibility' at Thursday's briefing. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Staying cautious In maintaining its forecast, MTI said Singapore's external demand outlook for the rest of the year has 'improved slightly' with a de-escalation of US-China trade tariffs – but the global outlook remains clouded by uncertainty, with risks tilted to the downside. Dr Beh said: 'Given the heightened uncertainty, MTI will continue to monitor developments closely, and make adjustments to the forecast as necessary in the coming quarters.' Most economists similarly remained cautious amid uncertainty. RHB analysts Barnabas Gan and Laalitha Raveenthar maintained their 2025 growth forecast at 2 per cent. For them, ongoing US-China trade talks limit the downside risk of growth being in the lower 0.5 to 1 per cent range. Still, they warned: 'Although recent advances in US-China negotiations provide encouraging signals of easing tensions, we urge continued vigilance and caution against premature optimism.' They expect Singapore to enter a technical recession in Q2 with a contraction of 2.4 per cent on a quarter-on-quarter seasonally adjusted basis. OCBC chief economist Selena Ling similarly kept her growth forecast at 1.6 per cent and expects a technical recession in Q2 on a quarterly contraction of 0.3 per cent, with year on year growth slowing further to 2.5 per cent. Despite positive developments such as the 90-day pause on reciprocal tariffs, an initial US-UK trade deal and the 90-day US-China tariff truce, 'some damage to business and consumer confidence has already been done', she said. DBS senior economist Chua Han Teng maintained his 2 per cent forecast for full-year growth, but sees a chance of avoiding a technical recession. With exports being front-loaded during the 90-day reciprocal tariff pause, the boost to Singapore's trade-related sectors 'could be sufficient' to avoid a technical recession in Q2, he said. However, such front-loading 'will eventually be followed by a payback through decelerating trade and production' in the second half of the year. Optimistic for now MTI noted that Q1 growth was largely driven by Singapore's wholesale trade, manufacturing as well as finance and insurance sectors – with the first two likely to have been partly supported by front-loading. Exporters could continue to adopt front-loading as a hedging strategy, allowing for 'bouts of resilience' in Singapore's growth momentum, said UOB associate economist Jester Koh. He raised his full-year forecast to 1.7 per cent, from 1.5 per cent before. But in turn, he lowered his 2026 growth forecast to 1.4 per cent, from 1.6 per cent before. This is as payback effects could result in an 'even more protracted downturn in trade and manufacturing activity' late in the second half of 2025, and into the first half of 2026. Maybank economists Chua Hak Bin and Brian Lee upgraded their full-year forecast to 2.4 per cent – above MTI's forecast range – from 2.1 per cent previously. They expect a growth slowdown in the second half, as opposed to a recession or sharp downturn. This is as front-loading continues into Q3, while the tariff shocks are also cushioned by a construction boom, falling interest rates and fiscal support. Safe-haven flows will also support Singapore's financial and real estate activities. Sectoral outlook For the rest of the year, MTI expects the growth of outward-oriented sectors to slow, particularly as US tariff measures hurt manufacturing. The manufacturing slowdown, alongside weaker global trade, will weigh on trade-related services sectors such as wholesale trade; transportation and storage; and finance and insurance. Worsening business expectations will likely cause companies to cut back on discretionary spending, dampening the growth of the information and communications as well as professional services sectors. Finally, growth in consumer-facing sectors such as retail trade as well as food and beverage services is likely to remain lacklustre, as locals continue to spend abroad and domestic labour market conditions weaken. This follows a Q1 in which the outward-oriented sectors generally had year-on-year growth but quarterly contraction. Manufacturing growth slowed to 4 per cent, from 7.4 per cent before. Growth was mainly driven by the electronics, precision engineering and transport engineering clusters. But on a quarterly basis, the sector shrank 5.8 per cent, weakening from flat growth before. Construction grew 5.5 per cent, up from 4.4 per cent before. But sequentially, it contracted 1.4 per cent, reversing Q4's 0.3 per cent expansion. The wholesale trade sector grew 4.2 per cent year on year, slowing from 6.7 per cent. But it shrank 0.4 per cent quarter on quarter, reversing from Q4's 0.9 per cent growth. For domestic-oriented services, retail trade grew by a marginal 0.1 per cent, accommodation shrank 0.9 per cent, and food and beverage services shrank 0.2 per cent. In contrast, growth accelerated for several services sectors: to 5.2 per cent for transportation and storage; to 7.1 per cent for real estate; to 1.4 per cent for professional services; to 4.4 per cent for information and communications; and to 2.8 per cent for administrative and support services. Other services industries grew 1.1 per cent, slowing from 3.1 per cent the previous quarter.
Business Times
22-05-2025
- Business
- Business Times
Singapore keeps 2025 growth forecast despite easing US-China tensions, upward revision of Q1 growth
[SINGAPORE] Despite first-quarter growth coming in marginally higher than advance estimates, the Ministry of Trade and Industry (MTI) maintained its 2025 full-year forecast range at 0 to 2 per cent. Singapore's external demand outlook for the rest of the year has 'improved slightly' with a de-escalation of US-China trade tariffs, yet the global outlook remains clouded by uncertainty and risks are tilted to the downside, said MTI on Thursday (May 22) morning. With Q1 gross domestic product shrinking sequentially, a technical recession – two straight quarters of contraction – 'is a possibility', said MTI permanent secretary Dr Beh Swan Gin at a press briefing. But he noted that this may not mean a 'full-blown economic recession', which depends on year-on-year figures. For Q1, year-on-year growth was revised upwards to 3.9 per cent, marginally higher than the advance estimate of 3.8 per cent, but moderating from the 5 per cent growth in the fourth quarter of 2024. The economy shrank 0.6 per cent on a quarter-on-quarter seasonally adjusted basis, reversing from Q4's 0.5 per cent growth. Though less than the 0.8 per cent contraction in the advance figures, this still paves the way for a potential technical recession. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up With the release of advance Q1 figures in April, MTI downgraded its full-year growth forecast range to between 0 and 2 per cent, from between 1 and 3 per cent previously. That downgrade was due to a 'significant deterioration' in Singapore's external demand outlook with the intensifying US-China tariff war, which was expected to hit global trade and growth. Dr Beh said: 'Given the heightened uncertainty, MTI will continue to monitor developments closely, and make adjustments to the forecast as necessary in the coming quarters.' Asked if MTI may hold back on upward revisions to forecasts as trade tensions could flare up again, he replied that it was 'premature' to comment, as much depends on what sort of agreement the US strikes with major trading partners. On Thursday, MTI noted that the US has been in trade talks with several economies affected by its tariffs, including China. The US and China have also agreed to slash tariffs for 90 days from May 14. 'Given the steps taken by major economies to de-escalate global trade tensions, MTI's assessment is that Singapore's external demand outlook for the rest of the year has improved slightly compared to April,' the ministry said. However, it flagged three downside risks. First, elevated economic uncertainty may cause a 'larger-than-expected' pullback in economic activity, as households and businesses take a wait-and-see approach. Second, a re-escalation in tariff actions could cause a 'full-blown' global trade war and a sharper slowdown. Third, disruptions to the global disinflation process and recession risks could destabilise capital flows, triggering 'latent vulnerabilities' in banking and financial systems. Sectoral outlook MTI noted that Q1 growth was largely driven by Singapore's wholesale trade, manufacturing as well as finance and insurance sectors – with the first two likely to have been partly supported by front-loading ahead of anticipated US tariff hikes. For the rest of the year, MTI expects the growth of outward-oriented sectors to slow. 'In particular, the US' tariff measures are likely to adversely affect the manufacturing sector given its export exposure to the US market, as well as slowing growth in global end-markets.' But within the sector, transport engineering remains a bright spot, especially given the shift towards higher value-added aircraft maintenance, repair and overhaul works in Singapore. The manufacturing slowdown, alongside weaker global trade, is expected to weigh on trade-related services sectors such as wholesale trade; transportation and storage; and finance and insurance. Worsening business expectations will likely cause companies to cut back on discretionary spending, dampening the growth of the information and communications as well as professional services sectors. Finally, growth in consumer-facing sectors such as retail trade as well as food and beverage services is likely to remain lacklustre, as locals continue spending abroad and domestic labour market conditions weaken. Sectoral performance In Q1, outward-oriented sectors generally had year-on-year growth but quarterly contraction. Manufacturing growth slowed to 4 per cent year on year, moderating from 7.4 per cent in the previous quarter. Growth was mainly driven by the electronics, precision engineering and transport engineering clusters. The sector shrank 5.8 per cent quarter on quarter, weakening from flat growth before. Construction grew 5.5 per cent, up from 4.4 per cent in the previous quarter, with increases in both public and private-sector construction output. Sequentially, the sector contracted 1.4 per cent, reversing Q4's 0.3 per cent expansion. The wholesale trade sector grew 4.2 per cent year on year, slowing from 6.7 per cent the previous quarter. Growth was led by the machinery, equipment and supplies segment, with the fuels and chemicals segment and the 'others' segment also expanding. But the sector shrank 0.4 per cent quarter on quarter, reversing from Q4's 0.9 per cent growth. For domestic-oriented services, retail trade grew by a marginal 0.1 per cent, accommodation shrank 0.9 per cent, and food and beverage services shrank 0.2 per cent. In contrast, growth accelerated for several services sectors: to 5.2 per cent for transportation and storage; to 7.1 per cent for real estate; to 1.4 per cent for professional services; to 4.4 per cent for information and communications; and to 2.8 per cent for administrative and support services. Other services industries grew 1.1 per cent, slowing from 3.1 per cent the previous quarter.
Cision Canada
20-05-2025
- Business
- Cision Canada
Arizona Metals Strengthens Board with New Director Nominee; Announces Director Retirements and Provides Corporate Update
/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES/ TORONTO, May 20, 2025 /CNW/ - Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) (the "Company" or "Arizona Metals") announces changes in the Board of Directors and provides a corporate update. On May 16, 2025, with the objective of improved governance, Mr. Conor Dooley's resignation from the Board of Directors was accepted. Mr. Dooley will continue to serve the Company in his role as Corporate Secretary. Mr. Dooley has been a valued member of the Board of Arizona Metals since 2019; the Company thanks him for his longstanding service and contributions and is pleased to be able to continue to benefit from his legal advice and support Additionally, Mr. Rick Vernon has informed the Company that he will not be standing for re-election at the upcoming Annual General and Special Meeting of shareholders, scheduled for June 18, 2025. Mr. Vernon has served as Chair of the Compensation, Corporate Governance and Nominating Committee since the Company completed its going-public transaction in 2019 and has served as the Company's lead independent director. Mr. Vernon's guidance has been instrumental in shaping Arizona Metals' governance and strategy. The Company is also pleased to announce that Ms. Breanne Beh will stand for election to the Board of Directors at the upcoming annual shareholder meeting. Ms. Beh is a Professional Geologist with over a decade of technical and exploration experience in the mining industry. Ms. Beh began her career as an exploration geologist with Probe Mines, working on the Borden Gold Project in Chapleau, Ontario, from 2012 to 2016. Ms. Beh was a key member and leader of the team that received the 2013 Ontario Prospectors Award for advancing this world-class deposit. Currently, Ms. Beh serves as President and CEO of Angus Gold, where she has led the company in identifying several new gold zones at the Golden Sky Project through just 40,000 metres of drilling. Most recently, Angus Gold announced its proposed acquisition by Wesdome Gold Mines, a friendly transaction expected to close in Q2 2025. Ms. Beh holds a BSc in Geology from the University of Calgary and an MSc in Geology from Lakehead University. She is a registered member of the Association of Professional Geoscientists of Ontario and the Ordre des Géologues du Québec. Duncan Middlemiss, CEO of Arizona Metals, commented"On behalf of the entire Arizona Metals team, I want to sincerely thank both Conor and Rick for their many years of dedicated service and valuable contributions to the Board. Their insight and leadership have played an important role in helping guide the Company through key phases of growth and development. We are pleased to welcome Ms. Breanne Beh as a nominee to our Board. Her strong technical background and proven leadership in advancing high-potential exploration projects make her a very welcome addition to our team as we continue to unlock the value of the Kay Mine Project and the Sugarloaf Peak project." Corporate Update The Company is pleased to announce that it has secured permitting for three additional drill pads on the Kay Mine project under its current Notice of Intent to Explore with the Bureau of Land Management. These pads will allow drill testing of the Kay North Extension and the North Central targets, two of the most prospective exploration targets on the Kay property. Permitting for two additional drill pads is underway. Deep drilling to test the vertical extents of the Kay deposit and the Kay2 lens has been challenged by faulted/broken ground and swelling clays located in the distant hanging wall of the potential plane of mineralization. This resulted in slow and difficult drilling, in particular in hole KM-25-177 (targeted at the depth extension of the main Kay deposit), which was lost at a depth of 1,076 meters before reaching the mineral horizon. Its branch hole, KM-25-177A, is currently advancing and approaching the target horizon. Assays are pending for hole KM-25-176, targeted at the depth extension of the Kay2 lens. Drilling to support the upcoming mineral resource estimate is nearing completion, with the final holes in progress. Following completion of the two current holes, both drill rigs currently active on the property will move to the newly permitted drill pads to begin the 10,000 meters of drilling planned for exploration targets outside the Kay deposit. The property's mineral resource estimate is on track to be released during June. Arizona Metals' second project is the 100% owned Sugarloaf Peak Project, in La Paz County, which is located on 4,400 acres of BLM claims. The Company is currently planning an initial 7,500 meter reverse-circulation drilling program at the Sugarloaf Peak Project to extend mineralization both along strike and to depth and to verify historic drilling. Past drilling has been relatively shallow (averaging about 75-125 m) but Arizona Metals' drilling and metallurgical testing indicated good potential for processing of deeper sulfide mineralization. The Company expects to begin drilling early in the second half of 2025. The Sugarloaf Peak Project is a heap-leach, open-pit target and has a historic estimate of "100 million tons containing 1.5 million ounces gold" at a grade of 0.5 g/t (Dausinger, N.E., 1983, Phase 1 Drill Program and Evaluation of Gold-Silver Potential, Sugarloaf Peak Project, Quartzsite, Arizona: Report for Westworld Inc.) The historic estimate at the Sugarloaf Peak Property was reported by Westworld Resources in 1983. The historic estimate has not been verified as a current mineral resource. Duncan Middlemiss, President and CEO of Arizona Metals, comments: "We are very pleased to receive the recent drill permits under our existing NOI on the Kay project. This will allow us to test the most prospective areas of the project, with additional pads on the way. Although deep drilling at Kay and Kay2 has been challenging, we remain on track to complete the resource drilling in support of the project's first mineral resource estimate during Q2." About Arizona Metals Corp Arizona Metals Corp owns 100% of the Kay Project in Yavapai County, which is located on 1669 acres of patented and BLM mining claims and 193 acres of private land that are not subject to any royalties. An historic estimate by Exxon Minerals in 1982 reported a "proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8 g/t gold, 3.03% zinc, and 55 g/t silver." The historic estimate at the Kay Mine Project was reported by Exxon Minerals in 1982. (Fellows, M.L., 1982, Kay Mine massive sulphide deposit: Internal report prepared for Exxon Minerals Company) The Kay Project's historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to be a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource. The Kay Project is a steeply dipping VMS deposit that has been defined from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth. The Company also owns 100% of the Sugarloaf Peak Project, in La Paz County, which is located on 4,400 acres of BLM claims. The Sugarloaf Peak Project is a heap-leach, open-pit target and has a historic estimate of "100 million tons containing 1.5 million ounces gold" at a grade of 0.5 g/t (Dausinger, N.E., 1983, Phase 1 Drill Program and Evaluation of Gold-Silver Potential, Sugarloaf Peak Project, Quartzsite, Arizona: Report for Westworld Inc.) The historic estimate at the Sugarloaf Peak Project was reported by Westworld Resources in 1983. The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource. Qualified Person and Quality Assurance/Quality Control All of Arizona Metals' drill sample assay results have been independently monitored through a quality assurance/quality control ("QA/QC") protocol which includes the insertion of blind standard reference materials and blanks at regular intervals. Logging and sampling were completed at Arizona Metals' core handling facilities located in Phoenix and Black Canyon City, Arizona. Drill core was diamond sawn on site and half drill-core samples were securely transported to ALS Laboratories' ("ALS") sample preparation facility in Tucson, Arizona. Sample pulps were sent to ALS's labs in Vancouver, Canada, and Reno, Nevada, for analysis. Gold content was determined by fire assay of a 30-gram charge with ICP finish (ALS method Au-AA23). Silver and 32 other elements were analyzed by ICP methods with four-acid digestion (ALS method ME-ICP61a). Over-limit samples for Au, Ag, Cu, and Zn were determined by ore-grade analyses Au-GRA21, Ag-OG62, Cu-OG62, and Zn-OG62, respectively. ALS Laboratories is independent of Arizona Metals Corp. and its Vancouver and Reno facilities are ISO 17025 accredited. ALS also performed its own internal QA/QC procedures to assure the accuracy and integrity of results. Parameters for ALS' internal and Arizona Metals' external blind quality control samples were acceptable for the samples analyzed. Arizona Metals is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to herein. The qualified person who reviewed and approved the technical disclosure in this release is David Smith, CPG, a qualified person as defined in National Instrument43-101 – Standards of Disclosure for Mineral Projects. Mr. Smith supervised the preparation of the scientific and technical information that forms the basis for this news release and has reviewed and approved the disclosure herein. Mr. Smith is the Vice-President, Exploration of the Company. Mr. Smith supervised the drill program and verified the data disclosed, including sampling, analytical and QA/QC data, underlying the technical information in this news release, including reviewing the reports of ALS, methodologies, results, and all procedures undertaken for quality assurance and quality control in a manner consistent with industry practice, and all matters were consistent and accurate according to his professional judgement. There were no limitations on the verification process. Disclaimer This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding the expansion potential of the Kay Project, statements regarding drill results and future drilling of the Kay2 Zone and the main Kay deposit, statements regarding Kay2 Zone mineralization, statements regarding Kay2 Zone mineralization and the contribution of the Kay2 Zone mineralization to the mineral resource estimate for the Kay deposit, and the mineral resource estimate being completed in H1 2025 or at all, and the nomination of directors for election by shareholders of the Company. In making the forward- looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: availability of the Company to stay well funded; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward- looking statements or otherwise.
