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August 8, 2025

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Sranan Gold Corp. (CSE: SRAN) (FSE: P84) (Tradegate: P84) (‘Sranan’ or the ‘Company’) announces three channel samples with an apparent width of 5 metres that averaged 36.7 gramstonne (gt) gold were sampled in trench 25RACH-001, the first trench of an ongoing trenching program at the Tapanahony Project in Suriname.

This initial trench is located 150 metres south of Randy’s Pit, which is the largest artisanal mine within the Tapanahony Project. The previously announced high-grade grab samples from underground workings within Randy’s Pit (76.6 g/t and 23.7 g/t gold – see news release dated July 31, 2025) are located approximately 350 metres to the north.

The mineralization intersected in this generally north-south oriented trench trends to the northwest. These results represent the projection of gold mineralization beyond Randy’s Pit to the south. This high-grade interval was missed in historical drilling. Gold mineralization is hosted within sugary textured transposed quartz veins that are associated with sericite-limonite alteration and oxidized pyrite relics. The trench sampled upper saprolite material at the contact zone between sheared sedimentary and granitic rocks, which is an excellent host for gold as seen at the Antino Project, majority owned by Founders Metals, as well as elsewhere in the Guiana Shield.

Table 1: Recent results of trench 25RACH-001.

Sample ID Easting Northing FROM (m) TO (m) INTERVAL (m) FA Au (g/T)
1862834 766510.6 454973.7 0.0 2.0 2.0 0.3
1862835 766510.6 454973.7 2.0 4.0 2.0 0.2
1862836 766511.1 454974.1 4.0 6.0 2.0 25.1
1862837 766510.4 454975.2 6.0 8.0 2.0 48.1
1862838 766511.9 454974.8 8.0 9.0 1.0 37.3
1862839 766510.8 454974.8 9.0 10.0 1.0 0.5
1862840 766510.8 454975.7 10.0 12.0 2.0 0.3
1862841 766510.0 454975.7 12.0 14.0 2.0 0.7

 

Dr. Dennis LaPoint, Executive VP of Exploration and Corporate Development, commented: ‘This initial trench further confirms the potential to extend the Randy trend. Multiple gold systems in Suriname are related to complex, multi-stage deformation zones that include tension veins that enhance grade. The ongoing trenching program is designed to further extend the strike length of the Randy trend. Trenching will be conducted simultaneously with drilling on the Randy trend.’

Samples were prepared and assayed by Filab in Paramaribo, Suriname. All samples >2 g/T were re-assayed with 50-gram re-assay and gravimetric assay. Standard QA/QC procedures were followed which showed a satisfactory level of reproducibility. Reject samples will be sent to an independent lab for confirmation of assay results following standard procedures. Channel sampling, trenching and drilling are used to determine average grade and thickness. The Company notes that the channel samples may not represent true thickness of mineralization.

About Sranan Gold

Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The highly prospective Tapanahony Project is located in the heart of Suriname’s modern-day gold rush. Tapanahony covers 29,000 hectares in one of the oldest and largest small-scale mining areas in Suriname.

Sranan Gold also owns the Aida Property consisting of five mineral claims covering an area of 2,335.42 hectares on the Shuswap Highland within the Kamloops Mining Division.

For more information, visit sranangold.com.

Qualified Person

Dr. Dennis J. LaPoint, Ph.D., P.Geo. a ‘qualified person’ as defined under National Instrument 43‐101, has reviewed and approved the scientific and technical information in this release. Dr. LaPoint is not independent of Sranan Gold, as he is the Company’s Executive VP of Exploration and Corporate Development.

Information contact
Oscar Louzada, CEO
+31 6 25438975

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

Forward-looking statements

Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the company’s current expectations regarding future events, performance and results and speak only as of the date of this release. Further details about the risks applicable to the Company are contained in the Company’s public filings available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.

Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261600

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Chile’s state-owned copper giant Codelco is seeking approval to restart parts of its flagship El Teniente mine less than a week after a deadly collapse killed six workers and forced a full suspension of operations, according to sources familiar with the matter.

The accident, triggered by a 4.2-magnitude seismic event last Thursday (July 31), halted production at the world’s largest underground copper mine.

Codelco has formally requested Chile’s National Geology and Mining Service (Sernageomin) to allow a partial reopening of the mine, pending approval of safety and technical evaluations, two sources told Reuters.

The cave-in, which was triggered by the earthquake, occurred more than 900 meters underground and initially trapped five miners.

Their bodies were recovered over several days by a rescue team of more than 100 people, including veterans of Chile’s 2010 San José mine rescue. The body of a sixth miner, who was killed at the time of the collapse, was recovered earlier.

“We deeply regret this outcome,” said O’Higgins Region Prosecutor Aquiles Cubillo on Sunday, confirming the final recovery. He offered no additional details on the cause of the collapse, which remains under investigation.

Operations at El Teniente were formally suspended by Sernageomin, Chile’s geology and mining agency, shortly after the incident.

It also instructed Codelco to submit four comprehensive technical reports before any restart can be authorized. The reports must include: an analysis of the collapse’s cause, a recovery plan, an assessment of current fortification systems, and a wider structural evaluation.

While underground mining has stopped, Codelco has maintained limited activity at El Teniente. The company is conducting ongoing maintenance at the processing plant and smelter, including operations at the smelter’s anode furnaces every two hours to keep critical equipment in operable condition.

Codelco said it had responded to three separate information requests from Sernageomin and Chile’s Labor Inspectorate, but added that it could not yet estimate the financial or operational impact of the suspension.

Scrutiny on safety standards

Mining Minister Aurora Williams ordered the temporary cessation of activities at the mine over the weekend. Meanwhile, Energy and Mining Minister Diego Pacheco said on Sunday that Codelco would commission an international audit to understand what went wrong.

“We’re going to commission an international audit to determine what we did wrong,” Pacheco said. While no formal complaints had been received about the safety conditions of the site, he pledged that a full investigation and appropriate corrective measures are underway.

El Teniente, located about 100 kilometers south of Santiago in the Andes mountains, is a cornerstone of Codelco’s operations and Chile’s mining economy.

It produced 356,000 metric tons of copper in 2024, nearly 7 percent of the country’s total output. The mine has operated for over a century and contains a labyrinth of more than 4,500 kilometers (2,800 miles) of tunnels.

The seismic event that triggered the collapse, while relatively mild by global standards. has raised questions about the structural integrity of older sections of the mine and the adequacy of current fortification systems.

A blow to expansion efforts

The accident is a significant setback for Codelco as it seeks to modernize its aging infrastructure and boost production after years of underinvestment.

The collapsed area is believed to be part of the Andesita section of the mine, a relatively small but strategically important component of El Teniente’s broader expansion, which includes the Andes Norte and Diamante projects.

The Andesita development is intended to help offset declines in older zones and maintain output levels through the next decade. Its disruption will likely ripple through Codelco’s project pipeline, which is already under pressure due to rising costs.

Though Chile boasts one of the world’s safest mining sectors – a fatality rate of just 0.02 percent in 2024 – the string of incidents at Codelco sites has drawn concern from unions and regulators alike.

The industry’s worst accident remains the 1945 fire at El Teniente, which killed 355 miners and stands as one of the deadliest mining disasters in history.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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(TheNewswire)

The net proceeds raised from the Offering will be used to advance the high-grade El Potrero gold-silver project in Durango, Mexico, and for general working capital.

All securities to be issued will be subject to a four-month hold period from the date of issuance and subject to TSX Venture Exchange approval.  The securities offered have not been registered under the United States Securities Act of 1933 , as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Insiders subscribed for an aggregate of 3,108,333 Units for a total of $186,500.  As insiders of Pinnacle participated in the financing, it is deemed to be a ‘related party transaction’ within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (‘MI 61- 101’).  Pinnacle is relying on the exemptions from the formal valuation and minority approval requirements contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that the fair market value of the transaction does not exceed 25% of the Company’s market capitalization.  The Company will be filing a material change report in respect of the related party transaction on SEDAR.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on district-scale exploration for precious metals in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production . In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon . With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long -term , sustainable value for shareholders.

Signed: ‘Robert A. Archer’

President & CEO

For further information contact :

Email: info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release .

Copyright (c) 2025 TheNewswire – All rights reserved.

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Demand for helium is rising alongside the semiconductor, healthcare and nuclear energy sectors.

Produced from natural gas wells, helium is an odorless, colorless, non-toxic, non-combustible and non-corrosive gas. While it may bring to mind birthday balloons, the element is an important industrial gas due to its cooling properties.

Helium has several critical applications across various industries witnessing market growth, including the manufacturing of semiconductors and electronics, medical imaging and nuclear power generation.

Global helium supply is mainly attributable to production at liquefaction facilities spread across the US, Qatar, Algeria, Russia, Australia, Canada, Poland and China. However, increasing demand for helium as an industrial gas is spurring further exploration and development of helium projects, including in Canada and in the US.

1. Pulsar Helium (TSXV:PLSR)

Market cap: C$46.05 million

Pulsar Helium is a helium project development company with assets in the United States and Greenland.

The company’s Topaz project in Minnesota is the newest helium discovery in the US, and drilling at its Jetstream #1 well in 2024 demonstrated high helium concentrations of 14.5 percent. Pulsar is also the first company in Greenland to obtain a license for helium exploration. According to the company, its Tunu helium-geothermal project in the country is one of just a few primary helium projects in Europe.

At Topaz, Pulsar is conducting a well flow testing program at the Jetstream prospect during the summer to gain data necessary to assess the project’s production potential. As for Tunu, a pre-feasibility study is underway at the project and is slated for completion by the end of August 2025.

2. Desert Mountain Energy (TSXV:DME)

Market cap: C$18.84 million

Next up on this list of top Canadian helium stocks is Desert Mountain Energy, a company engaged in the exploration, development and production of helium, hydrogen, natural gas and condensate projects in the US. Its key helium project is the West Pecos gas field in New Mexico, where it has a fully operational helium processing facility. It also owns the high-grade Holbrook Basin helium project in Arizona.

In 2025, Desert Mountain Energy is expanding into the international market with the formation of its wholly owned subsidiary Desert Energy UK, which has secured a substantial onshore exploration license for helium and hydrogen in Devon, United Kingdom.

3. Helium Evolution (TSXV:HEVI)

Market cap: C$12.07 million

Helium Evolution is a helium exploration company with over 5 million acres of helium land rights in Southern Saskatchewan, Canada. The company holds a 20 percent working interest in helium wells on joint lands with North American Helium, which is advancing the joint 2-31 discovery, with development wells planned for late 2025.

Earlier this year, Helium Evolution formed a collaboration agreement and secured a substantial investment from ENEOS Explora USA, a subsidiary of Japanese energy conglomerate ENEOS Group (TSE:5020), through two private placements. The second, closed in May, brought ENEOS’ total stake in Helium Evolution to about 28 percent.

4. Avanti Helium (TSXV:AVN)

Market cap: C$11.97 million

Avanti Helium’s helium exploration and development assets include approximately 78,000 acres within the Greater Knappen area, which covers land in both Southern Alberta, Canada, and Northwest Montana, US. It also owns approximately 63,000 acres of prospective helium permits within Southwest Saskatchewan.

Avanti’s Sweetgrass pool project in Montana is on track to achieve helium production in Q4 of 2025, the company stated in its April investor presentation. The company has two wells at Sweetgrass capable of total gas production of approximately 18,500 million cubic feet per day at 1.1 percent helium.

In August, Avanti announced it signed a multi-year offtake agreement with a global industrial gas supplier for a minimum monthly helium purchase volume equivalent to about one third of Sweetgrass’ initial plant output.

5. Altura Energy (TSXV:ALTU)

Market cap: C$8.21 million

Altura Energy is an exploration and production company which holds 27,000 acres in the Holbrook basin of Arizona, where its wells produce helium at concentrations of 5 percent to 8 percent. The company has a development plan for over 300 wells, with nine wells currently connected to a pipeline and an additional 10 wells at various stages of completion.

Formerly known as Total Helium, the company completed a name change and share consolidation in May 2025. In June, Altura announced it closed an up-sized brokered private placement for C$1.99 million, a quarter of which was used to settle outstanding indebtedness, with proceeds also planned for working capital.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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Ukraine’s central bank has outlined the country’s approach to crypto legalization. Andriy Pyshnyy, the Governor of the National Bank of Ukraine (NBU), asserted that while digital assets will be recognized, they will not be allowed to serve as legal tender. This move underscores Ukraine’s cautious stance on crypto despite global countries becoming more open to

The post “Allowing Crypto As A Legal Tender Is A Red Line”: Ukraine Central Bank appeared first on CoinGape.

The PUMP Price has climbed higher following a new liquidity initiative from Pump.fun. This aims at strengthening Solana’s memecoin ecosystem. The launch of the Glass Full Foundation (GFF) promises to inject significant liquidity into select projects. Why is PUMP Price Up Today? According to CoinMarketCap data, the PUMP price spiked 7% to $0.003568 before easing

The post PUMP Price Climbs As Pump.fun Announces Liquidity Injection via ‘Glass Full Foundation’ appeared first on CoinGape.

Sygnum Bank, a $1 billion Swiss bank, has announced that it will provide SUI with a range of institutional-grade services. Galaxy Digital has partnered with Mill City Ventures to oversee its $450 million SUI treasury. These actions highlight Sui’s development as a blockchain ecosystem designed for widespread use. Sygnum Bank Expands Institutional Access to SUI

The post $1B Sygnum Bank Backs SUI Coin in $450M Treasury Partnership appeared first on CoinGape.

Pi Coin price recorded an all-time low of $0.335 earlier this week. Since then, it has gained nearly 10% to trade at $0.3665 today, August 8. A bullish pattern now hints that the recovery is still in the early stages, and a 40% rally may be imminent. Pi Coin Price Targets 40% Rally as Market

The post Pi Coin Price Prediction As 2 Key Upgrades Fuel 2.8M Exchange Outflows- Is It Finally Time for Bull Rally? appeared first on CoinGape.

Mall-based teen accessories retailer Claire’s, known for helping usher millions of teens into an important rite of passage — ear piercing — but now struggling with a big debt load and changing consumer tastes, has filed for Chapter 11 bankruptcy protection.

Claire’s Holdings LLC and certain of its U.S. and Gibraltar-based subsidiaries — collectively Claire’s U.S., the operator of Claire’s and Icing stores across the United States, made the filing in the U.S. Bankruptcy Court in Delaware on Wednesday. That marked the second time since 2018 and for a similar reason: high debt load and the shift among teens heading online away from physical stores.

Claire’s Chapter 11 filing follows the bankruptcies of other teen retailers including Forever 21, which filed in March for bankruptcy protection for a second time and eventually closed down its U.S. business as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies.

Claire’s, based in Hoffman Estates, Illinois and founded in 1974, said that its stores in North America will remain open and will continue to serve customers, while it explores all strategic alternatives. Claire’s operates more than 2,750 Claire’s stores in 17 countries throughout North America and Europe and 190 Icing stores in North America.

In a court filing, Claire’s said its assets and liabilities range between $1 billion and $10 billion.

“This decision is difficult, but a necessary one,” Chris Cramer, CEO of Claire’s, said in a press release issued Wednesday. “Increased competition, consumer spending trends and the ongoing shift away from brick-and-mortar retail, in combination with our current debt obligations and macroeconomic factors, necessitate this course of action for Claire’s and its stakeholders.”

Like many retailers, Claire’s was also struggling with higher costs tied to President Donald Trump’s tariff plans, analysts said.

Cramer said that the company remains in “active discussions” with potential strategic and financial partners. He noted that the company remains committed to serving its customers and partnering with its suppliers and landlords in other regions. Claire’s also intends to continue paying employees’ wages and benefits, and it will seek approval to use cash collateral to support its operations.

Neil Saunders, managing director of GlobalData, a research firm, noted in a note published Wednesday Claire’s bankruptcy filing comes as “no real surprise.”

“The chain has been swamped by a cocktail of problems, both internal and external, that made it impossible to stay afloat,” he wrote.

Saunders noted that internally, Claire’s struggled with high debt levels that made its operations unstable and said the cash crunch left it with little choice but to reorganize through bankruptcy.

He also noted that tariffs have pushed costs higher, and he believed that Claire’s is not in a position to manage this latest challenge effectively.

Competition has also become sharper and more intense over recent years, with retailers like jewelry chain Lovisa offering younger shoppers a more sophisticated assortment at low prices. He also cited the growing competition with online players like Amazon.

“Reinventing will be a tall order in the present environment,” he added.

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