Latest news with #Terra
Hamilton Spectator
3 days ago
- Business
- Hamilton Spectator
Skyharbour Partner Company Terra Clean Energy Announces Immediate Follow-Up Summer Drill Program on the Back of Drill Results from Winter Program at South Falcon East Uranium Project
Vancouver, BC, July 21, 2025 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ('Skyharbour' or the 'Company') is pleased to report that its partner company Terra Clean Energy Corp. ('Terra', previously Tisdale Clean Energy) announces results from its Winter 2025 drill program and provides an update on the upcoming summer drill program at the South Falcon East Uranium Project (the 'Property'), which hosts the Fraser Lakes B Uranium Deposit. The Property lies 18 km outside the edge of the Athabasca Basin, approximately 50 km east of the Key Lake mill and former mine. Skyharbour optioned the Project to Terra, and under the Option Agreement, assuming the 75% interest is earned, Terra will fund exploration expenditures totaling CAD $10,500,000, as well as pay Skyharbour CAD $11,100,000 in cash, of which $6,500,000 can be settled for shares in the capital of Terra ('Shares') over the earn-in period. Map of South Falcon East Project Claims: Winter 2025 Assay Results: Terra conducted a helicopter-supported drill program at the South Falcon East Property earlier in the year. Seven diamond drill holes were completed at the Fraser Lakes B Uranium Deposit, for a total of 1,927 metres. The initial results of these drill holes were reported in press releases dated March 10, 2025, and April 1, 2025. During the winter drill program, 682 samples were submitted for geochemical analysis at the Geoanalytical Laboratory at the Saskatchewan Research Council in Saskatoon, Saskatchewan. Results have been received and compiled, with the results presented in Table 1. Results highlight several wide zones of uranium mineralization in holes SF0063, SF0065, SF0066, and SF0067, which were drilled to test an inferred NW-SE trending fault cutting through the Fraser Lakes B Uranium Deposit (Figure 2). The easternmost hole, SF0065, returned 18.1 metres at 0.03% U3O8, including a subinterval of 0.12% U3O8 over 1.6 metres. Another interval within this hole returned 0.13% U3O8 over 0.51 metres within a 3.72 metres interval that ran 0.09% U3O8. The northernmost hole, SF0067, returned 3.87 metres at 0.05% U3O8, including a subinterval of 0.17% U3O8 over 0.5 metres. This 0.5-metre interval represents the best sample of the program. Another interval within this hole returned 0.03% U3O8 over 8.05 metres, with 0.16% U3O8 over a 0.5 metre interval within. The best intersections of the program, which are some of the better intersections for both grade and width within the deposit, remain open to the north and the east. When compared with previously released equivalent uranium (%eU3O8) results from the downhole gamma logging, the lab results typically highlight wider intervals of mineralization with higher grades than those identified by the probe. It is not unexpected or unusual for the lab results to be higher than the equivalent gamma results. The variation can be on average, +5% to +30% higher. Table 1: Winter 2025 Results from the Fraser Lakes B Deposit at the South Falcon East Uranium Project: The typical pathfinder elements used to vector towards uranium in the Basin, including cobalt (Co), nickel (Ni), copper (Cu), lead (Pb), and zinc (Zn), all appear elevated within the metasedimentary package hosting the mineralized pegmatites, particularly Co and Ni. Elevated Pb is closely associated with elevated uranium. Hole SF0067 contains some of the higher pathfinder values, indicating another vector towards the north. 'The results from the winter drilling program are very encouraging', commented Trevor Perkins, Vice President of Exploration for Terra. 'The thick mineralized intersections within the pegmatites and graphitic sediment package are a good sign. The fact that the grades are improving to the north along the NW fault shows that we are moving in the right direction for a higher-grade discovery', continued Mr. Perkins. 'These are some of the best drill results to date at South Falcon,' said Greg Cameron, CEO of Terra. 'The drills returned multiple hits, and an 18-metre run of uranium at the established grade of the deposit is a significant and positive development. Several holes returned higher-grade values, including as much as 466 percent greater than the deposit average. These results indicate our plan to increase the size and grade of the deposit is both sound and compelling. Drilling will continue almost immediately, and we're excited to see what the next phase reveals,' continued Mr. Cameron. Upcoming Summer 2025 Drill Program: Terra is planning an extensive follow-up drill program this summer, consisting of approximately 2,500 metres of drilling. The purpose is to test an area highlighted in the winter 2025 program, where it is interpreted that a north-northwest-trending brittle structure, a north-dipping structure with strong clay alteration, and mineralized pegmatites with hydrothermal hematite alteration hosted in graphitic pelitic gneiss all intersect. This places many of the indicators identified as being key components for higher-grade uranium mineralization all in the same location. It is generally accepted that for higher-grade uranium deposits in the Athabasca Basin, you require several key indicators: graphitic metasediments, brittle reactivated basement structures, reducing fluid (indicated by clay alteration), and oxidizing fluid (indicated by hematite alteration, transports uranium). All these features have now been identified in the Fraser Lakes B deposit area. The location where they are projected to intercept is considered a top-priority target area for the discovery of a higher-grade unconformity-related, basement-hosted uranium mineralization and additional mineralized pegmatites. The upcoming program will be a helicopter-supported drill program comprising seven to ten diamond drill holes targeting an area approximately 120 to 150 metres north of drill holes SF0063, SF0065, SF0066 and SF0067, which were completed during the winter program (Figure 2). The summer field program is anticipated to commence soon and the campaign will be executed by TerraLogic Exploration Inc. under the supervision of C. Trevor Perkins, Vice President of Exploration for Terra Clean Energy. Operations will be based out of a local contracting camp with helicopter support for the daily drilling activities. The expected budget for this program is anticipated to be C$2 million. Figure 2: Planned Summer Drilling Area and Completed Winter Drill Holes at South Falcon East Uranium Project: 'We are excited to get back in there and test where the clay alteration intersects the mineralized zone and graphitic sediment package,' commented Trevor Perkins, Vice President of Exploration for Terra. 'This is an exciting target as it brings together many of the key features associated with the known basement hosted unconformity deposits in and around the Athabasca Basin', continued Mr. Perkins. South Falcon East Project Summary: The South Falcon East Project is a uranium exploration project in the southeast Athabasca Basin and represents a portion of Skyharbour Resources Ltd.'s former South Falcon Project. The project covers approximately 12,464 hectares and is located 18 kilometres outside the Athabasca Basin, roughly 50 kilometres east of the Key Lake mill. The project hosts the Fraser Lakes B Uranium-Thorium Deposit, which contains a historical inferred resource of 6.9 million pounds U₃O₈ at an average grade of 0.03% U₃O₈ and 5.3 million pounds ThO₂ at 0.023% ThO₂. Mineralization is hosted in shallow, structurally disrupted metasedimentary rocks and pegmatites, displaying Athabasca-style basement-hosted characteristics and occurring in association with well-defined EM conductors. Qualified Person: The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, VP of Exploration for Skyharbour, as well as a Qualified Person. About Terra Clean Energy Corp.: Terra Clean Energy (formerly Tisdale Clean Energy Corp) is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project, which hosts an inferred uranium resource within the Fraser Lakes B uranium/thorium deposit, located in the Athabasca Basin region, Saskatchewan, Canada. About Skyharbour Resources Ltd.: Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-six projects covering over 614,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is the operator with joint-venture partner RTEC. The project hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs. Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued, and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects. Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. Skyharbour's Uranium Project Map in the Athabasca Basin: To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company's website at . SKYHARBOUR RESOURCES LTD. 'Jordan Trimble' Jordan Trimble President and CEO For further information contact myself or: Nicholas Coltura Investor Relations Manager Skyharbour Resources Ltd. Telephone: 604-558-5847 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: info@ NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction. This release includes certain statements that may be deemed to be 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the Private Placement. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at for further information.
Miami Herald
4 days ago
- Automotive
- Miami Herald
Scout Motors urges DOJ to fight state dealer franchise laws
The Republican Party may be the party of "states' rights," but Scout Motors hopes the current Republican presidential administration will eliminate the state franchise laws that impede its direct-sales strategy, according to an Automotive News report. Scout called on the federal government to do this in an 11-page letter submitted to the Justice Department's Anticompetitive Regulations Task Force by Blair Anderson, the automaker's vice president of government and regulatory affairs. The task force was created in March after president Donald Trump signed executive orders in January and February calling for removing "regulatory burdens placed on the American people." The letter used similar language, calling franchise laws "burdensome restrictions on competition." Car sales in the United States are currently regulated by a patchwork of state laws, some of which allow automakers to sell cars directly to customers. But many states still require franchised dealerships. There's been friction between those dealerships and automakers since Tesla unveiled its direct-sales model over a decade ago. Tesla fought a series of legal battles with franchised dealerships in individual states. Now Scout, which plans to build its Traveler SUV and Terra pickup truck in a new South Carolina factory starting in 2027, is facing similar struggles. A group of Volkswagen and Audi dealerships in Florida filed a lawsuit in February to block Scout's direct-sales plans, and the California New Car Dealers Association (CNCDA) filed a similar lawsuit in April, Automotive News noted. In March, the National Automobile Dealers Association (NADA) also sent a letter to Volkswagen Group CEO Oliver Blume and other executives urging the company to let its members sell Scout vehicles. Scout revives the International Harvester Scout, one of the original SUVs, which the VW Group gained the rights to after its purchase of International's successor Navistar. The new Scout vehicles are rugged off-roaders, with body-on-frame construction, with all-electric or extended-range powertrains. They're also unlike anything in the current VW Group portfolio, and exactly the kinds of vehicles dealerships in truck-loving America are eager to sell. That's likely adding fuel to the fire over the VW Group's attempt to set up a new brand with direct sales, while keeping franchised dealerships for its other brands. In the letter, Anderson said that, as a new manufacturer, Scout shouldn't be forced to adopt the franchised dealership model "especially when the new manufacturer has not asked any dealerships to place any investment in distributing its vehicles, developed a more efficient alternative, and will not sell any vehicles also offered for sale by a franchised dealer." Dealerships don't seem to buy the logic that Scout's clean slate entitles it to a different sales model than its fellow VW Group brands. The question is whether the federal government will and whether, if it does, it actually has the authority to strike down state franchise laws. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Yahoo
6 days ago
- Business
- Yahoo
The Node: The Mad Journey from Terra to GENIUS
Remember Terra? Do Kwon's layer 1 was designed in such a way that its native token, LUNA, worked in tandem with the network's algorithmic stablecoin, UST. When you minted new UST, you destroyed LUNA tokens (thereby constricting supply), and when you redeemed UST, you created new LUNA (expanding supply). That system worked wonderfully as long as UST experienced great demand — which it did, for a while, thanks to a 20% yearly interest on the coin supplied by Anchor Protocol. But in May 2022, huge selloffs caused UST to lose its $1 peg; market participants rushed to redeem their UST, creating a massive new amount of LUNA and pushing the token's price down, which of course led to more UST redemptions, and so on. Over $40 billion in market value was obliterated in 72 hours. Terra's collapse shook the crypto industry, which back then was levered to the gills. Crypto hedge fund Three Arrows Capital blew up, while crypto lenders such as Voyager, BlockFi and Celsius went bust. If that wasn't enough, the U.S. imposed sanctions on Ethereum's Tornado Cash, sending developers all over the world in a bit of a panic. After CoinDesk's Ian Allison reported in November 2022 that Alameda was quite possibly broke, people started yanking their funds out of FTX, which led Bankman-Fried to freeze withdrawals. It turned out that SBF had been fraudulently using FTX customer funds to palliate losses incurred by Alameda Research over the course of the years. Bankman-Fried was arrested (and subsequently sentenced to 25 years in prison) shortly after FTX filed for bankruptcy. Shortly after FTX's demise, SEC Chair Gary Gensler began an aggressive campaign against the sector, suing a huge number of crypto firms (including Coinbase and Kraken) and ushering in an era of 'regulation by enforcement' that was decried by the industry and friendly members of Congress alike. That wasn't the end of crypto's tribulations. Crypto lender Genesis and bitcoin miner Core Scientific were soon added to the list of casualties. Worse, in March 2023 three crypto-friendly banks (Signature, Silvergate and Silicon Valley Bank) suffered from bank-runs and collapsed, making it significantly more difficult for crypto firms to access the banking system. Nic Carter, a prominent crypto VC, accused the Biden administration of trying to debank the crypto industry by employing an Obama-era strategy, a theory which has since gained traction within Congress and the Trump administration. But the winds of fortune finally turned in crypto's favor. When BlackRock filed for a spot bitcoin ETF in June 2023, it felt like Larry Fink himself was shooting a flare in the dark, signaling that Wall Street was ready to embrace crypto. Two months later, Grayscale defeated the SEC in court on the matter of converting its bitcoin trust into an ETF. The agency had little choice than to greenlight a dozen spot bitcoin ETFs in January 2024, which later became the most successful new ETFs of all time. At first showing signs of reluctance about launching spot ether ETFs, the SEC suddenly scrambled to approve the products at the last minute. Some observers linked the change of heart to Trump's new friendliness towards the crypto industry, which contrasted with Joe Biden's hostility. The fact that the crypto industry donated a tremendous amount of money to the former's campaign (and to other pro-crypto politicians) certainly helped as well; we saw yesterday that the Democratic Party, once in lockstep with Elizabeth Warren's anti-crypto crusade, strongly voted in favor of both the GENIUS and Clarity bills. Trump's overwhelming victory in November sent shockwaves through Washington and the crypto industry. The new administration kept its word, though not without hiccups in the form of Trump- and Melania-themed memecoins. Ross Ulbricht is now a free man, and an executive order has been signed to constitute a bitcoin reserve (multiple states, like Texas, Arizona and New Hampshire, have followed suit). Treasury's OFAC has taken Tornado Cash off of the sanctions list, while the SEC has dropped most of its lawsuits and is gearing up to greenlight a bunch of new crypto ETFs. Debanking is no longer a concern. Congress, meanwhile, just passed the GENIUS Act (which creates a framework for regulating stablecoins (unthinkable in the wake of Terra's collapse!!) and will probably pass the Clarity Act (a more complex piece of legislation that assigns clear jurisdiction to the SEC and CFTC when it comes to crypto) before the end of the year. Not to mention that Coinbase stock is trading at record highs, Tether is now seen as one of the most successful businesses in the world, Circle has gone public, Core Scientific (back from the dead) is on track to get acquired by AI firm CoreWeave, and Michael Saylor's bitcoin evangelization has given birth to a horde of companies looking to follow in his footsteps to purchase as much BTC (or ETH or SOL or even DOGE) as they possibly can. All of these events have been reflected in bitcoin's price. The orange coin, which you could briefly buy for $16,000 after FTX collapsed, is now priced at roughly $120,000, and the total market capitalization of the crypto sector is near $4 trillion (up from $830 million in December 2022). 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
GMA Network
6 days ago
- Entertainment
- GMA Network
‘Encantadia Chronicles: Sang'gre': Adamus recovers his memories after demanding truth from Imaw
Adamus (Kelvin Miranda) has finally regained his lost memories. Friday's episode of 'Encantadia Chronicles: Sang'gre' showed Imaw confessing to Flamarra (Faith Da Silva) that Adamus was indeed alive and had been hidden away, his memories erased. He explained that he only did this to keep Adamus from acting on his growing desire to fight and ultimately to protect him from the clutches of Mitena (Rhian Ramos). The truth was also revealed to Adamus. Furious, he demanded that his memories be restored, and Imaw obliged. In the mortal world, Terra (Bianca Umali) continued to fend off her enemies, fighting strategically and using her ivictus (teleport) skill multiple times to outmaneuver her attackers. However, her battle turned personal when her beloved Lolo Javier (Boboy Garrovillo) was shot. In a gut-wrenching scene, she stayed by his side in the ambulance, urging him to fight for his life as he slipped in and out of consciousness. Later, as Lolo Javier was brought to the operating room, Terra promised to wait with her Nanay Mona (Manilyn Reynes), who had just regained consciousness. Terra, overwhelmed by the chaos around her, was visibly furious over what the bad guys had done to her family. "Encantadia Chronicles: Sang'gre" airs weeknights on GMA Prime at 8 p.m. after "24 Oras." You can also watch it on YouTube via the Kapuso Stream. —Carby Rose Basina/CDC, GMA Integrated News
Geek Dad
16-07-2025
- Entertainment
- Geek Dad
DC This Week Roundup – Old Enemies, New Threats
Titans #25 cover, via DC Comics. Ray: A chaotic battle-filled anniversary issue, as the Titans finally go up against Slade's gang of enemies. The group includes Vanadia, who has betrayed the team after a misunderstanding, the mind-controlled Killer Frost and Mammoth – and Terra, the team's original betrayer and Beast Boy's tragic ex. And then there's Clock King, the eccentric Bat-rogue who turns out to be the core of the entire plot. This whole issue is very busy, but manages to pull its plots together well, as the Titans manage to neutralize their enemies one by one not using brute force but by strategy and in some cases compassion. I could have done without the back-and-forth flashback segments, which make the action a little harder to follow at points, but it's a satisfying read – and I'm very intrigued by the ending, which indicates that the Titans aren't done with Terra quite yet. Gotham City Sirens: Unfit for Orbit #3 cover, via DC Comics. Gotham City Sirens: Unfit for Orbit #3 – Leah Williams, Writer; Haining, Artist; Ivan Plascencia, Hi-Fi, Colorists Ray – 7.5/10 Ray: This halfway-point issue is pretty much pure chaos all the way through, as the Sirens have made their way to the basement of Lunaria – and found something truly bizarre. The mystery nightclub is seemingly powered my a massive underground engine spewing strange green energy – energy that eats organic beings, and spews out human-Despero hybrid beings. Why is it doing that? No one knows, but the Sirens don't have enough time to dwell on it. They're all stuck in different parts of the base, trying to keep the Conduit child safe and prevent the entire population of the nightclub from being devoured. But the engine is nearly powered up, and the next thing you know, the entire thing is lighting up and lifting off – and taking our heroines with it. It's a ridiculous comic, with some fun visuals, but this issue doesn't really add much to the story beyond getting all the players into position. To find reviews of all the DC issues, visit DC This Week. GeekDad received this comic for review purposes. Liked it? Take a second to support GeekDad and GeekMom on Patreon!
