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India and Pakistan are both claiming victory after this week’s clashes. Will cooler heads prevail?

This week’s clashes between Pakistan and India are the most serious escalation in tensions between these two historic foes in decades with millions on both sides of their border now wondering what might come next.

Despite a vow to “avenge” India’s strikes on its territory, Pakistan has yet to retaliate in kind on India, and both sides appear to have already claimed victory. But hostilities continue.

Palpable panic rocked both nations Wednesday after New Delhi launched targeted military strikes on its neighbor, while Islamabad claimed it had shot down its rival’s fighter jets.

The fear is that each additional confrontational step by either side could quickly spiral into an all out conflict.

Indian media was euphoric after Wednesday’s strikes. “Strokes of justice,” ran an editorial from one of India’s leading English newspapers commending the country’s “sharp” and “resolute” response to the massacre of 26 people in Indian-administered Kashmir, at the hands of militants. A headline from The Indian Express echoed a similar tune: “Justice Served” it said across the front page.

In Pakistan, the public response from Prime Minister Shehbaz Sharif was similarly bellicose.

He has vowed to “avenge” the deaths of 31 people Pakistan says were killed in India’s strikes but still appeared to declare triumph for its apparent shooting of India’s airplanes.

“It only took a few hours for the enemy to fall on its knees,” he said in a late-night address to the nation.

India says it struck “terrorist infrastructure” belonging to two Islamist groups – Lashkar-e-Tayyiba and Jaish-e-Mohammed – who have been accused of being behind some the deadliest militant attacks on the country. Wednesday’s strikes did not target military infrastructure and didn’t kill civilians, New Delhi said, potentially giving India and Pakistan an opportunity to find a way to avoid an all-out war.

One location India struck was deep in Pakistan’s Punjab province, the deepest attack in Pakistan’s undisputed territory since both countries fought a major war in 1971. It also targeted multiple other locations in Punjab – the heartland of the powerful military and home of the Sharif government – and hit a mosque, according to Pakistani officials, angering millions in the Muslim-majority nation.

What happens now, analysts say, mostly depends on Islamabad’s next move.

“All eyes are on Pakistan,” said Washington-based South Asia analyst, Michael Kugelman. “If it decides to save face and claim victory — perhaps by pointing to the downing of Indian jets (which New Delhi has not confirmed) — and call it a day, an off ramp could be in sight.”

But he warned “all bets would be off” should Pakistan decide to strike back.

‘Something to lose’

Most analysts agree the nuclear-armed neighbors cannot afford another battle.

India and Pakistan have already fought three wars over Kashmir, a contested region they both claim in its entirety and each control a part of. Another conflict could have catastrophic consequences.

Since its birth seven decades ago in the partition of what was British India, Pakistan – now home to 230 million people – has faced mounting challenges, from political instability to an alarming militant insurgency, climate catastrophes and economic disarray.

India is seemingly in a stronger position; its military is seen as superior in any conventional conflict based on number alone and it boasts an economy more than 10 times the size of Pakistan’s. But it too would have something to lose should the conflict escalate, according to Tanvi Madan, a senior fellow in the Foreign Policy program at the Brookings Institution.

“Largely on the basis of what we’ve seen in previous times, these are two rational actors who don’t want a broader war,” Madan said.

India’s Prime Minister Narendra Modi has vowed to elevate India’s status on the global stage, bidding to host the Olympics and seeking to overtake China as the world’s manufacturing hub.

Not to mention, India already faces security threats on multiple fronts — particularly along contested borders with China.

De-escalation or more to come?

India was quick to project that its response to the April 22 massacre was “focused, measured and non-escalatory” and make clear that they were in response to the tourist’s massacre.

Top officials in New Delhi reached out to key counterparts in the United States, Middle East and Russia, among others, “presumably to encourage international pressure for Pakistan to avoid escalation,” said Nisha Biswal, Senior Advisor at The Asia Group.

Pakistan’s leaders touted a victory by the country’s air force, saying five Indian fighter jets were shot down during an hour-long battle fought at ranges over 160 kilometers (100 miles).

India’s leaders have said little in response to those claims and have not acknowledged any aircraft losses. The Pakistanis have yet to show any evidence proving they downed fighter jets, but a French Defense Ministry source said at least one of India’s newest and most-advanced warplanes – a French-made Rafale fighter jet – was lost in the battle.

If there have indeed been losses for India, Pakistan could claim victory “even if the circumstances are murky,” said Milan Vaishnav, a senior fellow and director of the South Asia Program at the Carnegie Endowment for International Peace.

“This would allow Pakistan to claim it has imposed costs on Indian military targets.”

Yet, amid the fog of war, Pakistan’s powerful army general Asim Munir had already vowed to match any aggression from India.

And Munir, who is known for his hardline stance on Hindu-nationalist Modi, has a reputation of being more assertive than his predecessor Qamar Javed Bajwa.

Meanwhile there have been many voices within Modi’s Hindu nationalist party pushing for a decisive blow against Pakistan for years.

Kugelman, the South Asia analyst, said the US, which has historically interceded in these crises, could try to defuse the tension, but it’s unclear how much bandwidth the Trump administration is willing to allocate.

“China has called for de-escalation, but its fraught ties with India rule it out as a viable intermediary. The top mediator candidates are the Arab Gulf states, especially Qatar, Saudi Arabia, and the United Arab Emirates,” he said, given their strong ties with both nations.

Qatar was quick to urge diplomacy in the hours after Wednesday’s strikes.

While most analysts think there is an off-ramp for both nations, they all agree the situation remains fluid and tense.

“This crisis is as unpredictable as it is dangerous—an unsettling combination,” Kugelman added.

This post appeared first on cnn.com
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This American soldier witnessed the Nazi surrender. 80 years later, he’s still happy to be home

Anderson cooper 360

  • Watch Louis Graziano’s story on “Anderson Cooper 360,” tonight on CNN at 8 p.m. ET.

    He’s believed to be the last surviving person from inside the room of the little red schoolhouse in Reims, France, where German officers agreed to end World War II in Europe.

    Eighty years ago, Luciano “Louis” Graziano witnessed history when the Nazis surrendered.

    But this former American soldier has no special plans for Thursday, when Victory in Europe, or VE Day, is commemorated, saying every day is special to him now.

    At 102, Graziano vividly remembers what he saw that day, when it was unclear whether the Germans would sign the surrender document.

    One man not there was Gen. Dwight D. Eisenhower, who was using the schoolhouse as the Supreme Headquarters of the Allied Expeditionary Force.

    “He wasn’t in the room, he didn’t want to be in the room in case they decided not to sign the surrender,” Graziano said, wearing a World War II veteran baseball cap.

    But Eisenhower did want to see the defeated officers, so the young American soldier took them to him.

    “He wouldn’t shake hands with them. They clicked their heels together and he dismissed them,” Graziano said of the meeting.

    Born in East Aurora, New York to Italian immigrants, Graziano was the youngest of five children. He left school after the eighth grade to work as a mason to help support his family. His mother, sister and brother worked as hairstylists, and he decided to follow in their footsteps. But in 1943, weeks before his 20th birthday, he was drafted into the Army.

    Graziano completed his military training at various bases across the United States, including Fort Dix, before being shipped to England on the Queen Mary.
    On the ocean liner, he slept one night in a bunk but he chose to sleep on deck in a life vest because the quarters were so tight — he felt like he had a better chance of surviving an attack on deck.

    After spending months in England working in facility operations, Graziano was in the third wave of the D-Day attack on Omaha Beach. “I drove the gasoline truck onto the beach and got up under the cliff,” he said. “The Germans were shooting down at us. I got my flamethrower out and shot up underneath … and got rid of that machine gun.”

    Once in France, Graziano became the utilities foreman in the 102nd Infantry Field Artillery Battalion, meaning he oversaw American-occupied buildings, including the little red schoolhouse.

    While in Reims, he met his future wife, Eula “Bobbie” Shaneyfelt, then a Staff Sergeant in the Women’s Army Corps. They married in Reims, honeymooned in Paris after the surrender, and eventually moved to Thomson, Georgia, where they raised their family.

    In the decades since the end of World War II, Graziano has never gone back to France, “I’ve been asked to go many times and have my way paid,” he said. “But I don’t care to go on that ocean again.”

    Graziano isn’t doing anything out of the ordinary to celebrate VE Day, though he has interviews lined up with news outlets around the world to share his story.

    He plans to spend the day at home — fitting for a man whose thoughts were of the US even as he watched the European conflict end.

    “I was happy to be in that room,” he said of the surrender. “I knew I was going to get to go home soon after that.”

    This post appeared first on cnn.com
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    SAGA Metals Extends Claims at the Radar Ti-V-Fe Project –Securing the Entire Titanomagnetite-Bearing Intrusion

    Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company specializing in the discovery of critical minerals, is pleased to announce the addition of 97 new claims covering 2,425 hectares, increasing the total area of the Radar Ti-V-Fe Project to 24,175 hectares.

    The Company’s 100%-owned Radar Property is strategically located just 10 kilometres from the coastal city of Cartwright, Labrador. The location offers excellent infrastructure advantages, including:

    • Road access
    • Deep-water port on the Atlantic Ocean
    • Cartwright Airport
    • Proximity to hydroelectric power

    With the recent expansion, the Radar Property now fully encompasses the Dykes River intrusive complex, a recently identified Mesoproterozoic layered mafic intrusion (Gower, 2017). The complex has garnered significant interest due to its geological resemblance to large AMCG-type intrusions and the presence of an extensive titanium-vanadium-iron (Ti-V-Fe) enriched layer containing vanadiferous titanomagnetite (‘VTM’).

    Regional airborne magnetic surveys highlighted the mafic oxide layer, revealing an arcuate exploration target extending over 20 kilometers in length.

    Michael Garagan, CGO & Director of SAGA commented: ‘To lay claim to the entire Dykes River Intrusion is an important milestone for SAGA and its shareholders. Throughout history, many of these mineralized geological settings have been shared amongst multiple companies vying to advance their projects. It’s a unique and significant opportunity to hold the entire 160 square km intrusion mapped at the surface and benefits from tremendous infrastructure. The claim acquisition consolidates the entire intrusion and allows the company to delegate zones for both additional infrastructure and further exploration. We’ve only just begun uncovering the true potential and extent of the oxide layering hosted within the intrusion.’

    Map of the Radar project highlighting the oxide layering, road access, and proximity to the town of Cartwright, Labrador. SAGA

    Figure 1: Map of the Radar project highlighting the oxide layering, road access, and proximity to the town of Cartwright, Labrador. SAGA’s 2024 field programs now confirm compilation of historical airborne geophysics.

    Saga Metals Confirms Geological Success with Drilling:

    The Company recently reported assays from the first two of seven holes drilled on the Hawkeye zone of the Radar Ti-V-Fe property. Please click here to review the full press release on drill holes #1 and #4. Highlights are listed below.

    Highlights:

    • Drilled 2,200m confidently testing targets down to a depth of 200 meters, covering a 500-meter by 350-meter target panel.
    • Winter program analytical results have been obtained for the first two diamond drill holes.
    • Petrographic analysis and the new assays confirm that the main economic mineral is a vanadiferous titanomagnetite (‘VTM’), which is prospective for simplified metallurgical processing.
    • Exceptional intercepts of VTM included 31.5m @ 25.95% Fe + 5.34% TiO 2 + 0.28% V 2 O 5 in HEZ-01 and 50m @ 24.49% Fe + 4.74% TiO 2 + 0.305 % V 2 O 5 in HEZ-04.
    • Massive high-grade VTM samples including HEZ-01 with 0.3m @ 39.5% Fe + 9.4% TiO 2 + 0.339% V 2 O 5 and HEZ-01 with 0.5m @ 43.0% Fe + 9% TiO 2 + 0.512% V 2 O 5 .
    • Drilling intercepts average 20-40% VTM, and particular massive layers exceed 60% VTM.
    • Drilling to vertical depths of 200 meters confirms magnetic anomalies identified by geophysics.
    • Initial drilling covers just 1/40th of the identified 20 km strike extent of the oxide layering zone in the Dykes River intrusion.

    Drilling also confirmed massive to semi-massive oxide layering, hosting VTM mineralization, with significant widths up to 210 meters within the drill core. The geological context identified by Dr. Al Miller’s petrographic studies substantially advanced the understanding of Radar Property mineralization. These findings indicate that the VTM mineralization system is advantageous for simplified metallurgical processing and potentially improves economic outcomes.

    The prospective oxide layering zone on the Radar property extends for an inferred 20km strike length, as shown on a compilation of historical airborne geophysics, which SAGA confirmed in the 2024 field programs.

    Figure 2: The prospective oxide layering zone on the Radar property extends for an inferred 20km strike length, as shown on a compilation of historical airborne geophysics, which SAGA confirmed in the 2024 field programs.

    Hawkeye Zone displays a 500m strike by 350m width magnetic anomaly drilled in the winter 2025 program. (2024 SAGA Metals. TMI Magnetic Survey).

    Figure 3: Hawkeye Zone displays a   500m strike by 350m width magnetic anomaly drilled in the winter 2025 program. (2024 Saga Metals. TMI Magnetic Survey).

    Given the success of the maiden drill program within the Hawkeye zone over a 500 m strike and the strong correlation between drill core, rock samples and geophysics (Figure 3), SAGA plans to repeat this model over the five priority targets along the 20 km strike length of the oxide layer. The geophysical anomaly drilled in the Hawkeye zone is potentially one of the lesser anomalies. Early indications from geophysics being conducted over the Trapper zone report an even stronger magnetic response.

    Qualified Person

    Paul J. McGuigan, P. Geo. is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.

    About Saga Metals Corp.

    Saga Metals Corp. is a North American mining company focused on the exploration and discovery of critical minerals that support the global transition to green energy. The company’s flagship asset, the Double Mer Uranium Project, is located in Labrador, Canada, covering 25,600 hectares. This project features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

    In addition to its uranium focus, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium.

    SAGA also holds additional exploration assets in Labrador, where the company is focused on the discovery of titanium, vanadium, and iron ore. With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

    On Behalf of the Board of Directors

    Mike Stier, Chief Executive Officer

    For more information, contact:
    Saga Metals Corp.
    Investor Relations
    Tel: +1 (778) 930-1321
    Email: info@SAGAmetals.com
    www.SAGAmetals.com

    The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Cautionary Disclaimer

    This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s Radar Ti-V-Fe project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Company’s final prospectus in Manitoba and amended and restated final prospectus for British Columbia, Alberta and Ontario dated August 30, 2024, filed under its SEDAR+ profile at www.sedarplus.ca, and in the continuous disclosure filings made by the Company with securities regulations from time to time. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/e5fcaa32-0144-4ab1-8675-6311908d44c5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4d825e7b-917e-4d9b-a851-f4e0bb4edee0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/19f0eab7-33e1-4997-b231-965227540f9a

    Primary Logo

    News Provided by GlobeNewswire via QuoteMedia

    This post appeared first on investingnews.com
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    Syrian president says his government is holding indirect talks with Israel

    Syrian President Ahmad al-Sharaa has said that his government is holding indirect talks with Israel to bring an end to Israeli attacks on Syria.

    “There are indirect negotiations (with Israel) via mediators to calm and contain the situation so matters don’t reach a point where both sides lose control,” Al-Sharaa said at a news conference in Paris.

    “We are trying to speak to all the countries that are in contact with the Israeli side to pressure them to stop interfering in Syrian affairs.”

    Al-Sharaa said the objective is for Israel to abide by the United Nations-brokered 1974 disengagement agreement with Syria, and retreat to the boundary it demarcated to make way for the return of UN peacekeepers. The boundary separates Syria proper from Israel and the occupied Golan Heights, which Israel captured from Syria in the 1967 war.

    Since the regime of former President Bashar al-Assad fell in December, Israel has taken more territory in Syria and staged multiple attacks to prevent reconstitution of military capabilities and root out militancy that it says could threaten its security. Israel’s move into Syrian territory was initially described as temporary but officials have since said that the military will remain in Syria indefinitely.

    Israel has declared a buffer zone in the south of Syria with the stated aim of protecting Syria’s Druze minority, and on Wednesday Israel Police said that its Border Police are now operating inside Syria, for the first time.

    “The Israeli interventions have violated the 1974 agreement. Since we arrived in Damascus we stated to all relevant parties that Syria is committed to the 1974 agreement,” Al-Sharaa said.

    Reuters reported on Wednesday that the United Arab Emirates has set up a back channel for talks between Israel and Syria, citing sources it didn’t identify. The talks are focused on security and intelligence matters and confidence-building, it said. Al-Sharaa visited the UAE last month.

    But Lana Nusseibeh, UAE assistant foreign minister for political affairs, denied that her country was mediating talks between Israel and Syria.

    “The claim that the UAE is ‘mediating secret talks’ between Syria and Israel is categorically false. The UAE is not part of any such talks,” she said.

    This post appeared first on cnn.com
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    Lone Republican becomes only lawmaker to vote against crackdown on human organ trafficking

    A bill aimed at cracking down on the Chinese Communist Party (CCP) and its practice of forced organ harvesting passed with overwhelming support on Wednesday – though one House lawmaker voted against it.

    Rep. Thomas Massie, R-Ky., was the lone Republican to oppose the Stop Forced Organ Harvesting Act, which passed 406-1.

    ‘It’s just another example of us trying to stick our nose in another country’s business and write their laws,’ Massie told Fox News Digital after the vote. ‘And at the end of the day, they’re gonna do what they’re gonna do, and it’s just sort of a virtue signal over here.’

    Massie, a conservative libertarian, often votes against House bills that weigh in on another country’s affairs.

    The Kentucky Republican pointed out that he opposed the legislation when it was up for a vote during a previous Congress.

    But his pushback is also notable now given his status as an open critic of Speaker Mike Johnson, R-La., and at times, of President Donald Trump. 

    The bill was introduced by Rep. Chris Smith, R-N.J., and would authorize the Secretary of State to deny U.S. passports and visitor visas to people involved in organ trafficking circles.

    It would also call for sanctions on entities and individuals found to have participated in the gruesome illicit industry.

    U.S. lawmakers have accused China of forced organ harvesting of its ideological opponents, including Falun Gong practitioners and Uyghur Muslims. 

    This post appeared first on FOX NEWS
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    Significant intercepts of gold and copper show Golden Eye emerging as a highly promising new resource prospect

    Chibougamau Copper-Gold Project, Canada

    HIGHLIGHTS:

    • Gold intersected in two zones within one hole; results include:
      • 7.4m @ 5.7g/t AuEq (4.6g/t Au, 0.9% Cu & 5.6g/t Ag) from 405.6m, including   3.1m @ 9.6g/t   AuEq (7.4 g/t Au, 1.6% Cu & 10.0g/t Ag) (LDR-25-08)
      • 2.9m @ 10.2g/t AuEq (8.3g/t Au, 1.4% Cu and 3.3g/t Ag) from 463.8m, including   0.4m @ 60.8g/t   AuEq (51.3g/t Au, 7.2%Cu & 18.0g/t Ag) (visible gold) (LDR-25-08)
    • First results of the drill program returned 3.3m @ 6.6g/t Au, including 2.3m @ 9.1 g/t Au (LDR-25-05 ) (see TSXV/ASX announcement dated 16/17 April 2025)
    • Golden Eye has never been mined and was last drilled in the early 1990s when gold was less than US$350/oz. The entire drilling target sits outside the current Mineral Resource 1
    • Additional assay results from a number of drill holes at Golden Eye are expected later this month with visible gold observed in LDR-25-09* (see photo below)

    Photo_VG_LDR-25-09

    * Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. The Company expects to receive the laboratory analytical results of the recent core sample (including LDR-25-09) in the current quarter.

    • Significant intersections from historic drilling 2 include:
      • 5.9m @ 34.1g/t AuEq (32.2g/t Au, 1.2% Cu & 27.3g/t Ag) (RD-11)
      • 4.5m @ 21.6g/t AuEq (14.9g/t Au, 4.7% Cu & 54g/t Ag) (RD-28)
      • 8.4m @ 12.7g/t AuEq (11.0g/t Au, 1.3% Cu & 15.8g/t Ag) (RD-20)
      • 7.5m @ 22.1g/t AuEq (16.0g/t Au & 4.7% Cu) (S1-87-1)
      • 10.4m @ 12.2 g/t AuEq (7.3g/t Au, 3.5% Cu & 31.8g/t Ag) (S3-86-4)
    • Cygnus intends to use the new results and the compiled historic drill data, totalling 77 holes for 21,371m, to complete an initial Mineral Resource for Golden Eye
    • The Golden Eye prospect sits 3km from Cygnus’ central processing plant and has existing dual ramp access within 150m of the mineralisation
    • Gold was a significant part of the historic production within the Chibougamau District, with over 3.5Moz of gold produced alongside 945,000t of copper. 3
    Cygnus Executive Chairman David Southam said   : ‘Golden Eye is clearly emerging as something special with scope to drive valuable resource growth in the near term.

    ‘Cygnus has intersected high-grade gold mineralisation at Golden Eye, which has an existing dual ramp access that sits within 150m of the mineralisation and is located just 3km from the central processing plant. Given the results to date, which support the historical results, Golden Eye is poised to become a new and additional growth driver for Cygnus at a time of historically high gold prices.

    ‘And it is just one example of what is hiding in the historic data at the Chibougamau Project”.

    Cygnus Metals Limited (ASX: CY5; TSXV: CYG; OTCQB: CYGGF) (‘Cygnus’ or the ‘Company’) is pleased to announce its best gold intercepts drilled to date from the Golden Eye prospect within the Chibougamau Copper-Gold Project in Quebec.

    Recent results have returned two intervals from parallel mineralised zones at Golden Eye, extending gold mineralisation at depth. The results from the latest assays include:

    • 7.4m @ 5.7g/t AuEq (4.6g/t Au, 0.9% Cu & 5.6g/t Ag) from 405.6m (LDR-25-08)
      • Including 3.1m @ 9.6g/t AuEq (7.4 g/t Au, 1.6% Cu & 10.0g/t Ag)
    • 2.9m @ 10.2g/t AuEq (8.3g/t Au, 1.4% Cu and 3.3g/t Ag) from 463.8m (LDR-25-08)
      • Including 0.4m @ 60.8g/t AuEq (51.3g/t Au, 7.2%Cu & 18.0g/t Au) (visible gold)

    These results are in addition to previously released results from Golden Eye (see TSXV/ASX announcement dated 16/17 April 2025) as follows:

    • 3.3m @ 6.6g/t Au from just 131.7m (LDR-25-05)
      • Including 2.3m @ 9.1g/t Au

    The recent results highlight not only the potential to establish a high-grade mineral resource at Golden Eye but also that mineralisation remains open at depth, with the vast majority of all drilling at less than ~400m from surface. Additional results are expected this quarter from the remaining four holes of the program, with visible gold also observed in one drill hole (LDR-25-09).

    Cygnus intends to use the results from the recently completed drilling alongside the newly compiled historic drill data totalling 77 holes for 21,371m to complete an initial Mineral Resource Estimate for Golden Eye. The best historic drill intercepts 2 dating back to the 1990s returned:

    • 5.9m @ 34.1g/t AuEq (32.2g/t Au, 1.2% Cu & 27.3g/t Ag) (RD-11);
    • 4.5m @ 21.6g/t AuEq (14.9g/t Au, 4.7% Cu & 54g/t Ag) (RD-28);
    • 8.4m @ 12.7g/t AuEq (11.0g/t Au, 1.3% Cu & 15.8g/t Ag) (RD-20);
    • 7.5m @ 22.1g/t AuEq (16.0g/t Au & 4.7% Cu) (S1-87-1); and
    • 10.4m @ 12.2 g/t AuEq (7.3g/t Au, 3.5% Cu & 31.8g/t Ag) (S3-86-4).

    Golden Eye has existing double ramp access within 150m of the mineralisation and sits less than 3km from the central 900,000tpa processing facility. This makes it a potentially important part in the pathway to the development of the project.

    The Chibougamau district has a strong history of gold production as well as copper, having produced 3.5Moz Au at an average grade of 2.1g/t Au. 3 Gold grades vary between different deposits, although Golden Eye and Cedar Bay are the two areas with a significantly higher gold grade than other deposits within the camp.

    Golden Eye is an excellent example of the value generated through ongoing compilation work which is helping to unlock this historic district while the Company continues to build upon the existing high-grade copper-gold resources with low-risk brownfield exploration.

    Figure1_Composite Long Section Golden Eye

    Figure 1: Composite Long Section of Golden Eye over 600m of strike with significant gold grade of up to 34.1gt AuEq over 5.9m. Mineralisation is still open at depth with 2.9m @ 10.2g/t AuEq intersected in LDR-25-08. Refer to Appendix A of this release for newly released drill intercepts and TSXV/ASX releases dated 15 October 2024, 24/25 March 2025 and 16/17 April 2025 for previously announced drilling results.

    Figure2_Composite Long Section Chibougamau North Camp

    Figure 2: Composite Long Section through the Chibougamau North Camp illustrating Golden Eye with intersections of up to 5.9m @ 34.1g/t AuEq. Refer to TSXV/ASX/ releases dated 15 October 2024 and 24/25 March 2025 for previously announced drilling results.

    Ongoing   Work

    Cygnus is continuing to compile the data across the camp and deliver additional drill targets as the Company looks to execute its strategy of value creation through resource growth and conversion drilling. This low-cost, low-risk approach includes both surface and downhole electromagnetics (‘EM’) to generate brownfield targets around known high quality mineralisation.

    This announcement has been authorised for release by the Board of Directors of Cygnus.

    David Southam
    Executive Chair
    T: +61 8 6118 1627
    E: info@cygnusmetals.com     		Ernest Mast
    President & Managing Director
    T: +1 647 921 0501
    E: info@cygnusmetals.com     		Media:
    Paul Armstrong
    Read Corporate
    T: +61 8 9388 1474

    About Cygnus Metals

    Cygnus Metals Limited (ASX: CY5, TSXV: CYG, OTCQB: CYGGF) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.

    Cautionary Note – Visual Estimates

    In relation to the disclosure of visible mineralisation, the Company cautions that visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analysis. Laboratory assay results are required to determine the widths and grade of the visible mineralisation reported in preliminary geological logging. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. The Company will update the market when laboratory analytical results become available. The reported intersections are down hole lengths and are not necessarily true width. Descriptions of the mineral amounts seen and logged in the core are qualitative only. Quantitative assays will be completed by Bureau Veritas, with the results for those intersections discussed in this release expected in the current quarter.

    Forward   Looking Statements

    This release may contain certain forward-looking statements and projections regarding estimates, resources and reserves; planned production and operating costs profiles; planned capital requirements; and planned strategies and corporate objectives. Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. They are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond Cygnus’ control. Cygnus makes no representations and provides no warranties concerning the accuracy of the projections and disclaims any obligation to update or revise any forward-looking statements/projections based on new information, future events or otherwise except to the extent required by applicable laws. While the information contained in this release has been prepared in good faith, neither Cygnus or any of its directors, officers, agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this release. Accordingly, to the maximum extent permitted by law, none of Cygnus, its directors, employees or agents, advisers, nor any other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of the accuracy or completeness of the information or for any of the opinions contained in this release or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this release.

    End Notes

    1. The Mineral Resource estimate at the Chibougamau Project is a foreign estimate prepared in accordance with CIM Standards. A competent person has not done sufficient work to classify the foreign estimate as a mineral resource in accordance with the JORC Code, and it is uncertain whether further evaluation and exploration will result in an estimate reportable under the JORC Code. Refer to Appendix C for a breakdown of the Mineral Resource Estimate.
    2. Refer to Cygnus’ TSXV/ASX announcements dated 15 October 2024 and 24/25 March 2025.
    3. Historic production statistics for the Chibougamau area are recorded in Leclerc. F, Harris. L. B, Bedard. J. H, Van Breeman. O and Goulet. N. 2012, Structural and Stratigraphic Controls on Magmatic, Volcanogenic, and Shear Zone-Hosted Mineralization in the Chapais-Chibougamau Mining Camp, Northeastern Abitibi, Canada. Society of Economic Geologists, Inc. Economic Geology, v. 107, pp. 963–989.

    Qualified Persons and Compliance Statements

    The scientific and technical information in this announcement has been reviewed and approved by Mr Louis Beaupre, the Quebec Exploration Manager of Cygnus, a ‘qualified person’ as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Exploration Results disclosed in this announcement are also based on and fairly represent information and supporting documentation compiled by Mr Beaupre. Mr Beaupre holds options in Cygnus. Mr Beaupre is a member of the Ordre des ingenieurs du Quebec (P. Eng.), a Registered Overseas Professional Organisation as defined in the ASX Listing Rules, and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Beaupre consents to the inclusion in this release of the matters based on the information in the form and context in which they appear.

    The Company first announced the foreign estimate of mineralisation for the Chibougamau Project on 15 October 2024. The Company confirms that the supporting information included in the original announcement continues to apply and has not materially changed, notwithstanding the clarification announcement released by Cygnus on 28 January 2025 (‘Clarification’). Cygnus confirms that (notwithstanding the Clarification) it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the estimates in the original announcement continue to apply and have not materially changed. Cygnus confirms that it is not in possession of any new information or data that materially impacts on the reliability of the estimates or Cygnus’ ability to verify the foreign estimates as mineral resources in accordance with the JORC Code. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcement.

    The information in this announcement that relates to previously reported Exploration Results at the Company’s projects has been previously released by Cygnus in ASX Announcements as noted in the text and End Notes. Cygnus is not aware of any new information or data that materially affects the information in these announcements. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcements.

    Individual grades for the metals included in the metal equivalents calculation for the foreign estimate are in Appendix C of this release. Metal equivalents for the foreign estimate of mineralisation have been calculated at a copper price of US$8,750/t, gold price of US$2,350/oz, with copper equivalents calculated based on the formula CuEq (%) = Cu(%) + (Au (g/t) x 0.77258). Individual grades for the metals included in the metal equivalents calculation for the exploration results are in Appendix A of this release. Metal equivalents for exploration results have been calculated at a copper price of US$8,750/t, gold price of US$2,350/oz and silver price of US$25/oz. Copper equivalents are calculated based on the formula CuEq(%) = Cu(%) + (Au(g/t) x 0.77258)+(Ag(g/t) x 0.00822). Gold equivalents are calculated based on the formula AuEq(g/t) = Au(g/t) +(Cu(%)  x 1.29436)+(Ag(g/t) x 0.01064). Metallurgical recovery factors have been applied to the metal equivalents calculations, with copper metallurgical recovery assumed at 95% and precious metal (gold and silver) metallurgical recovery assumed at 85% based upon historical production at the Chibougamau Processing Facility, and the metallurgical results contained in Cygnus’ announcement dated 28 January 2025. It is the Company’s view that all elements in the metal equivalents calculations in respect of the foreign estimate and exploration results have a reasonable potential to be recovered and sold.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    APPENDIX A – Significant Intersections from Recent Drilling at Golden Eye

    Coordinates given in UTM NAD83 (Zone 18). Intercept lengths may not add up due to rounding to the appropriate reporting precision. Significant intersections reported above 2g/t AuEq over widths of greater than 1m. True width estimated to be 80% of downhole thickness.

    Hole ID X Y Z Azi Dip Depth (m) From (m) To (m) Interval (m) Cu (%) Ag (g/t) Au (g/t) AuEq (g/t)
    LDR-25-06 549560 5525483 375 215 -51 474.0 Pending Assays
    LDR-25-07 549453 5525313 375 215 -55 261.0 Pending Assays
    LDR-25-08 549524 5525441 375 246 -57 516.0 405.6 413.1 7.4 0.9 5.6 4.6 5.7
    including 409.0 412.1 3.1 1.6 10.0 7.4 9.6
    463.8 466.7 2.9 1.4 3.3 8.3 10.2
    including 463.8 465.2 1.4 2.3 5.7 15.8 18.9
    including 464.2 464.6 0.4 7.2 18.0 51.3 60.8
    LDR-25-09 549445 5525319 375 238 -54 252.0 Pending Assays
    LDR-25-10 549489 5525229 375 220 -60 237.0 Pending Assays


    APPENDIX B – Summary Logging Details for Mineralised Intersections Observed in LDR-25-09

    Hole ID From (m) To    (m) Interval (m) Mineral 1 % Mineral 2 % Mineral 3 % Visible Gold (%) Total Sulphide (%)
    LDR-25-09 74.3 74.7 0.4 Pyrite 0.1 Chalcopyrite 0.1 0.2
    LDR-25-09 152.65 157.1 4.45 Pyrite 2 2
    LDR-25-09 158.5 159.15 0.65 Pyrite 2 Chalcopyrite 0.1 Sphalerite 0.1 2.2
    LDR-25-09 159.15 159.75 0.6 Chalcopyrite 0.2 Pyrite 0.1 Sphalerite 0.1 0.4
    LDR-25-09 168.85 169.45 0.6 Pyrite 2 Chalcopyrite 0.1 2.1
    LDR-25-09 169.45 170.5 1.05 Pyrite 10 Chalcopyrite 0.2 10.2
    LDR-25-09 174.15 174.85 0.7 Pyrite 5 Chalcopyrite 1 6
    LDR-25-09 174.85 175.25 0.4 Chalcopyrite 1.5 Pyrite 0.1 1.6
    LDR-25-09 177 177.5 0.5 Chalcopyrite 1 Pyrite 0.1 1.1
    LDR-25-09 188.9 189.3 0.4 Chalcopyrite 3 Pyrite 0.1 3.1
    LDR-25-09 190.3 190.7 0.4 Chalcopyrite 0.5 Pyrite 0.1 0.6
    LDR-25-09 193.5 194.1 0.6 Chalcopyrite 5 Pyrite 0.1 5.1
    LDR-25-09 197.5 198 0.5 Chalcopyrite 1 1
    LDR-25-09 204 204.4 0.4 Chalcopyrite 0.5 0.5
    LDR-25-09 204.4 204.9 0.5 Chalcopyrite 0.2 Pyrite 0.2 Sphalerite 0.1 0.5
    LDR-25-09 204.9 205.4 0.5 Pyrite 10 Chalcopyrite 0.1 10.1
    LDR-25-09 205.4 205.9 0.5 Pyrite 5 Chalcopyrite 0.1 Sphalerite 0.1 5.2
    LDR-25-09 205.9 206.55 0.65 Chalcopyrite 3 Pyrite 1 Sphalerite 0.1 4.1
    LDR-25-09 208.55 209 0.45 Chalcopyrite 0.5 Pyrite 0.1 0.6
    LDR-25-09 209 209.6 0.6 Chalcopyrite 2 Sphalerite 0.2 2.2
    LDR-25-09 209.6 210 0.4 Chalcopyrite 7 7
    LDR-25-09 210 210.7 0.7 Chalcopyrite 20 Pyrite 20 0.1 40
    LDR-25-09 210.7 211.5 0.8 Pyrite 25 Chalcopyrite 2 Stibnite 1 28
    LDR-25-09 211.5 212 0.5 Pyrite 2 Chalcopyrite 0.1 Sphalerite 0.1 2.2
    LDR-25-09 212 212.9 0.9 Pyrite 4 Chalcopyrite 2 Sphalerite 0.1 6.1
    LDR-25-09 214 215 1 Chalcopyrite 0.5 Pyrite 0.2 0.7
    LDR-25-09 215 215.8 0.8 Pyrite 4 Chalcopyrite 0.1 4.1
    LDR-25-09 220.6 221.3 0.7 Chalcopyrite 1 Pyrite 0.1 1.1
    LDR-25-09 222.75 223.3 0.55 Chalcopyrite 3 Pyrite 0.1 3.1
    LDR-25-09 226.5 227.1 0.6 Pyrite 2 Chalcopyrite 1 3
    LDR-25-09 227.1 228 0.9 Pyrite 20 Chalcopyrite 0.5 20.5
    LDR-25-09 228 228.5 0.5 Pyrite 20 Chalcopyrite 8 28
    LDR-25-09 228.5 229 0.5 Pyrite 5 Chalcopyrite 0.1 5.1

    No visible gold was identified in holes LDR-25-06, LDR-25-07 and LDR-25-10.

    APPENDIX C – Chibougamau Copper-Gold Project – Foreign Mineral Resource Estimate Disclosures as at 30 March 2022

    Deposit Category Tonnes (k) Cu Grade (%) Au Grade (g/t) Cu Metal (kt) Au Metal (koz) CuEq Grade (%)
    Corner Bay (2022) Indicated 2,700 2.7 0.3 71 22 2.9
    Inferred 5,900 3.4 0.3 201 51 3.6
    Devlin (2022) Measured 120 2.7 0.3 3 1 2.9
    Indicated 660 2.1 0.2 14 4 2.3
    Measured & Indicated 780 2.2 0.2 17 5 2.4
    Inferred 480 1.8 0.2 9 3 2.0
    Joe Mann (2022) Inferred 610 0.2 6.8 1 133 5.5
    Cedar Bay (2018) Indicated 130 1.6 9.4 2 39 8.9
    Inferred 230 2.1 8.3 5 61 8.5
    Total Measured & Indicated 3,600 2.5 0.6 90 66 3.0
    Inferred 7,200 3.0 1.1 216 248 3.8


    APPENDIX D – 2012 JORC Table 1

    Section 1 Sampling Techniques and Data

    Criteria JORC Code explanation Commentary
    Sampling techniques Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.
    • All Cygnus drilling reported is NQ size (47.8 mm diameter).
    Include reference to measures taken to ensure sample representativity and the appropriate calibration of any measurement tools or systems used.
    • NQ core was marked for splitting during logging and is sawn using a diamond core saw with a mounted jig to assure the core is cut lengthwise into equal halves.
    • Half of the cut core is placed in clean individual plastic bags with the appropriate sample tag.
    • The remaining half of the core is retained and incorporated into Cygnus’s secure, core library located on the property.
    Aspects of the determination of mineralisation that are Material to the Public Report.

    In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

    • Industry standard sampling practices were used with sample lengths ranging from 0.3 m to 1.0 m and respected geological contacts. Sample tags were placed at the beginning of each sample interval and the tag numbers were recorded in an MS Excel database.
    • Sampling practice is considered to be appropriate to the geology and style of mineralisation.
    Drilling techniques Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).
    • Diamond core was drilled using surface diamond rigs with industry recognised contractors Miikan Drilling. Miikan is a joint venture between Chibougamau Diamond Drilling Ltd., the First Nations community of Ouje-Bougoumou and the First Nations community of Mistissini both located in the Eeyou Istchee territory.
    • Drilling was conducted using NQ core size.
    • Directional surveys have been taken at 50m intervals.
    Drill sample recovery Method of recording and assessing core and chip sample recoveries and results assessed.

    Measures taken to maximise sample recovery and ensure representative nature of the samples.

    Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

    • Diamond core recovery was measured for each run and calculated as a percentage of the drilled interval.
    • Overall, the core recoveries are excellent in the Chibougamau area. As a result, no bias exists.
    Logging Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.
    • All core was geologically and geotechnically logged. Lithology, veining, alteration and mineralisation are recorded in multiple tables of the drillhole database.
    Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.
    • Geological logging of core is qualitative and descriptive in nature.
    The total length and percentage of the relevant intersections logged.
    • 100% of the core has been logged.
    Sub-sampling techniques and sample preparation If core, whether cut or sawn and whether quarter, half or all core taken.

    If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

    For all sample types, the nature, quality and appropriateness of the sample preparation technique.

    Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

    Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling.

    Whether sample sizes are appropriate to the grain size of the material being sampled.

    • The NQ diameter the core was sawn in half following a sample cutting line determined by geologists during logging and submitted for analysis on nominal 1m intervals or defined by geological boundaries determined by the logging geologist.
    • Each core sample is assigned a tag with a unique identifying number. Sample lengths are typically one metre but can be depending on zone mineralogy and boundaries.
    • This sampling technique is industry standard and deemed appropriate.
    • Samples sizes are considered appropriate to grain size of the materials being sampled.
    Quality of assay data and laboratory tests The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.
    • Sample (NQ size half core) preparation and fire assay analysis were done at Bureau Veritas Commodities Canada Ltd (‘BV’) in Timmins, Ontario, and ICP-ES multi-elements analysis was done at BV in Vancouver, B.C.
    • Samples were weighed, dried, crushed to 70% passing 2 mm, split to 250 g, and pulverized to 85% passing 75 µm.
    • Samples are fire assayed for gold (Au) (50 g) and multi-acid digestion ICP-ES finish, for 23 elements (including key elements Ag, Cu, Mo).
    • Samples with visible gold or likely to have gold grains are analysed with metallic screen fire assay.
    • Samples assaying >10.0 g/t Au are re-analysed with a gravimetric finish using a 50 g charge. Samples assaying >10% Cu are re-analysed with a sodium peroxide fusion with ICP-ES analysis using a 0.25 g charge.
    For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.
    • None used.
    Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.
    • At Bureau Veritas, laboratory QC procedures involve the use of internal certified reference material as assay standards, along with blanks, duplicates and replicates.
    Verification of sampling and assaying The verification of significant intersections by either independent or alternative company personnel.
      The use of twinned holes.
      • No hole is twinned.
      Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.
      • All logging data was completed, core marked up, logging and sampling data was entered directly into the database.
      • The logged data is stored on the site server directly.
      Discuss any adjustment to assay data.
      • There was no adjustment to the assay data.
      Location of data points Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.
      • The location of the drill holes and the aiming points for the orientation of the drill holes were indicated on the ground using identified stakes. The stakes marking the location of the drillholes were set up and located with a Garmin GPS model ‘GPSmap 62s’ (4m accuracy).
      • Surveys are collected using a Reflex EZ-Shot® single-shot electronic instrument with readings collected at intervals of approximately every 30 m downhole plus a reading at the bottom of the hole.
      Specification of the grid system used.
      • The grid system used is UTM NAD83 (Zone 18).
      Quality and adequacy of topographic control.
      • A Digital Terrane Model (DTM) has been used to accurately plot the vertical position of the holes, which is considered to provide an adequate level of topographic control.
      Data spacing and distribution Data spacing for reporting of Exploration Results.
      • The drill spacing for recent drilling is considered appropriate for this type of exploration.
      • Due to the historic nature and mix of underground and surface drilling the drill hole spacing for historic drill results is highly variable.
      Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.
      • No resource estimation is made.
      Whether sample compositing has been applied.
      • No sample compositing has been applied.
      Orientation of data in relation to geological structure Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.
      • Recent drilling is orientated approximately at right angles to the currently interpreted strike of the known interpreted mineralisation.
      • Due to the historic nature of the drilling the drill hole orientation for historic drill results is highly variable.
      If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.
      • No bias is considered to have been introduced by the existing sampling orientation.
      Sample security The measures taken to ensure sample security.
      • Core was placed in wooden core boxes close to the drill rig by the drilling contractor. The core was collected daily by the drilling contractor and delivered to the secure core logging facility. Access to the core logging facility is limited to Cygnus employees or designates.
      Audits or reviews The results of any audits or reviews of sampling techniques and data.
      • No audits or reviews of sampling techniques or data have been undertaken, therefore information on audits or reviews is not yet available.


      Section 2 Reporting of Exploration Results

      (Criteria listed in the preceding section also apply to this section.)

      Criteria JORC Code Explanation Commentary
      Mineral tenement and land tenure status Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.
      • The data reported within this announcement is from the Chibougamau Project. The Chibougamau project consists of 3 properties which include:
        • Copper Rand, 14,383 ha (15 mining concession and 311 exploration claims)
        • Corner Bay – Devlin (1 mining license, 141 exploration claims owned 100% by CBAY and 17 claims owned 56.4% by CBAY/43.6% Pan American Silver)
        • Joe Mann (2 mining concessions, 82 claims owned 100% by CBAY, and 68 claims and 1 mining concession owned 65% by CBAY/35% by SOQUEM)
      • CBAY Minerals Inc. (‘CBAY’), a wholly owned subsidiary of Cygnus, is the owner of all claims and leases, except where otherwise noted above.
      • The properties collectively making up the Project are in good standing based on the Ministry of Energy and Natural Resources (Ministère de l’Énergie et des Ressources Naturelles) GESTIM claim management system of the Government of Québec.
      The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.
      • All tenure is in good standing.
      Exploration done by other parties Acknowledgment and appraisal of exploration by other parties.
      • Corner Bay was first identified as a prospect in 1956
        • 1956 – 1972 eight drilling programs totalling 1,463 m and various geophysical and electromagnetic (EM) surveys
        • 1973 – 1981 Riocanex and Flanagan McAdam: ground geophysical surveys and 43 diamond drill holes
        • 1982 – 1984 Riocanex and Corner Bay Exploration: 38 drill holes and metallurgical test work
        • 1988 – 1991 Corner Bay Exploration: diamond drilling, geophysical surveys and geological characterisation with initial MRE
        • 1992 – 1994 SOQUEM optioned and acquired a 30% interest, and completed diamond drilling
        • 1994 Explorations Cache Inc and Resources MSV Inc: diamond drilling
        • 2004 – 2006 GéoNova and MSV: 98 diamond drill holes and first Technical Report on the Corner Bay project reporting a MRE
        • 2007 – 2009 Campbell: diamond drilling and bulk sample
        • 2012 – 2019 CBAY / AmAuCu: diamond drilling and MRE
      • Devlin identified in 1972 by airborne survey flown by the MERN
        • 1979 – 1981 diamond drilling, geophysical surveys
        • 1981 development commenced
      • Joe Mann identified in 1950 with the commencement of mining activities occurring in 1956
        • The Joe Mann mine operated underground during three different periods from 1956 to 2007
        • In July 2012, Resources Jessie acquired the Joe Mann mine property, but conducted only surface exploration work
      • Cedar Bay was discovered prior to 1927 by Chibougamau McKenzie Mines Ltd
        • From initial discovery to 2013 various surface and underground drilling campaigns and geophysical surveys undertaken by various companies
      • Colline was first discovered with mapping and sampling and then drilled in the 1950s with follow up drilling in 1955.
        • In the 1950s a shaft was sunk but the deposit was never mined
        • The deposit was later tested with three drill holes and six regional drill holes throughout two drilling campaigns in 1984 and 1986/87
        • Exploration at Colline has been halted historically with the discovery of and focus on other deposits in the region
      • Golden Eye (previously known as Dore Ramp) was drilled in a few different phases from 1984 to 1992.
        • A total of 47 drill holes from surface are reported during that period
        • A double ramp of approximately 1 kilometre was excavated in 1991-92 to a vertical depth of 160 meters
        • Underground drilling campaign of 46 holes totalling 10,200 meters tested the deposit mainly to a depth of 240 meters (only five holes tested the deposit between 300 and 600 meters)
      Geology Deposit type, geological setting and style of mineralisation.
      • Corner Bay and Devlin are located at the northeastern extremity of the Abitibi subprovince in the Superior province of the Canadian Shield and are examples of Chibougamau-type copper-gold deposits. The Abitibi subprovince is considered as one of the largest and best-preserved greenstone belts in the world and hosts numerous gold and base metal deposits.
      • The Corner Bay deposit is located on the southern flank of the Doré Lake Complex (DLC). It is hosted by a N 15° trending shear zone more or less continuous with a strong 75° to 85° dip towards the west. The host anorthosite rock is sheared and sericitized over widths of 2 m to 25 m. The deposit is cut by a diabase dyke and is limited to the north by a fault structure and to the south by the LaChib deformation zone.
      • The Corner Bay deposit consists of three main mineralized lodes (subparallel Main Lode 1 and Main Lode 2 above the dyke, and Main Lode below the dyke that make up the bulk of the deposit. The Corner Bay deposit has been traced over a strike length to over 1,100 m to a depth of 1,350 m and remains open at depth.
      • The mineralization is characterized by veins and/or lenses of massive to semi-massive sulphides associated with a brecciated to locally massive quartz-calcite material. The sulphide assemblage is composed of chalcopyrite, pyrite, and pyrrhotite with lesser amounts of molybdenite and sphalerite. Late remobilized quartz-chalcopyrite-pyrite veins occur in a wide halo around the main mineralization zones.
      • Devlin is a flat-lying, copper-rich lodes-hosted deposit in a polygenic igneous breccia that is less than 100 m from the surface. The tabular bodies have been modelled as four nearly horizontal lodes: a more continuous lower zone and three smaller lodes comprising the upper zone. Mineralization is reflected as a fracture zone often composed of two or more sulphide-quartz lodes and stringers. Thickness of the mineralized zones range from 0.5 m to 4.4 m. It has been diluted during modelling to reflect a minimum mining height of 1.8 m.
      • The Joe Mann deposit is characterized by east-west striking shear hosted lodes that extend beyond 1,000 m vertically with mineralization identified over a 3 km strike length. These shear zones form part of the Opawica-Guercheville deformation zone, a major deformation corridor cutting the mafic volcanic rocks of the Obatogamau Formation in the north part of the Caopatina Segment. The gabbro sill hosts the Main Zone and the West Zone at the mine, while the South Zone is found in the rhyolite. These three subvertical E-W (N275°/85°) ductile-brittle shear zones are sub-parallel to stratigraphy and to one another, with up to 140 m to 170 m of separation between them. These shear zones are hosted within a stratigraphic package composed of iron-magnesium (Fe-Mg) carbonate and sericite altered gabbro sills, sheared basalts, and intermediate to felsic tuffs intruded by various felsic intrusions. The Joe Mann gold mineralization is hosted by decimetre scale quartz-carbonate lodes (Dion and Guha 1988). The lodes are mineralized with pyrite, pyrrhotite, and chalcopyrite disposed in lens and lodelets parallel to schistosity, and occasionally visible gold. There are some other minor, mineralized structures, e.g., North and South-South Zones, with limited vertical and horizontal extensions.
      • The Cedar Bay deposit is hosted by a sheared and altered gabbroic-anorthosite of the DLC. The meta-anorthosites are typically comprised of 70% to 90% plagioclase, which has been heavily altered to epidote and albite. The Cedar Bay deposit generally has a northwest strike and dips steeply to the northeast. The gold-copper sulphide veins average approximately 1.5 m in width and are tens to hundreds of metres in strike length. The individual mineralization lenses have approximately 3:1 down dip to along strike anisotropies. The veins are comprised of pyrite and chalcopyrite with some gold and minor sphalerite. The main alteration minerals are chlorite, quartz, and carbonates. Locally, pyrrhotite dominates the vein mineral assemblage. Pyrrhotite has a very heterogeneous distribution within the mineralization.
      Drill hole Information A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:
      • easting and northing of the drill hole collar
      • elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar
      • dip and azimuth of the hole
      • down hole length and interception depth
      • hole length.

      If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

      • All requisite drill hole information is tabulated elsewhere in this release. Refer Appendices A and B of the body text.
      Data aggregation methods In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.
      • For recent results, drill hole intersections are reported above a lower cut-off grade of 2g/t AuEq over widths of greater than 1m.
      Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.
      • A maximum of 1m internal waste was allowed.
      The assumptions used for any reporting of metal equivalent values should be clearly stated.
      • Individual grades for the metals included in the metal equivalents calculation for the exploration results are in Appendices A, B and C of this release. Metal equivalents for exploration results have been calculated at a copper price of US$8,750/t, gold price of US$2,350/oz and silver price of US$25/oz. Copper equivalents are calculated based on the formula CuEq(%) = Cu(%) + (Au(g/t) x 0.77258)+(Ag(g/t) x 0.00822). Gold equivalents are calculated based on the formula AuEq(g/t) = Au(g/t) + (Cu(%) x 1.29436) + (Ag(g/t) x 0.01064). Metallurgical recovery factors have been applied to the metal equivalents calculations, with copper metallurgical recovery assumed at 95% and precious metal (gold and silver) metallurgical recovery assumed at 85% based upon historical production at the Chibougamau Processing Facility, and the metallurgical results contained in Cygnus’ announcement dated 28 January 2025. It is the Company’s view that all elements in the metal equivalent calculations have a reasonable potential to be recovered and sold.
      Relationship between mineralisation widths and intercept lengths These relationships are particularly important in the reporting of Exploration Results.

      If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

      If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’).

      • All intersections reported in the body of this release are down hole.
      • For recent drill holes, holes are drilled as close to orthogonal to the plane of the mineralized lodes as possible.
      • True width is estimated to be about 80% of the downhole drill intersection
      Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include,but not be limited to a plan view of drill hole collar locations and appropriate sectional views.
      • Refer Figure 1 (Long Section of Golden Eye) and 2 (Long Section through the Chibougamau North Camp illustrating Golden Eye) in the body of the announcement.
      • Below cross section of LDR-25-08 (Refer Figure 3 at the end of the announcement)
      • Plan view of recent drilling relative to historic drilling and the 1992 ramp access (Refer Figure 4 at the end of the announcement)
      Balanced reporting Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.
      • Recent infill and expansion drilling at Golden Eye totals 6 holes for 1,954m, with assay results for 2 drill holes received to date. All results greater than 2g/t AuEq over greater than 1m width have been reported. Visible gold has been reported in respect of hole LDR-25-09. Visual estimates have not been provided for the remaining holes on the basis that no visible gold was observed.
      Other substantive exploration data Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.
      • There is no other substantive exploration data.
      Further work The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

      Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

      • The Company plans to conduct drill testing of additional mineralisation as well as step out drilling of existing lodes to further enhance the resources quoted in this release. More information is presented in the body of this report.
      • Diagrams in the main body of this release show areas of possible resource extension on existing lodes. The Company continues to identify and assess multiple other target areas within the property boundary for additional resources.

      Figure3_Cross Section LDR-25-08 Golden Eye

      Figure 3: Below cross section of LDR-25-08

      Figure4_Plan View DH Location Golden Eye

      Figure 4: Plan view of recent drilling relative to historic drilling and the 1992 ramp access

      Photos accompanying this announcement are available at:

      https://www.globenewswire.com/NewsRoom/AttachmentNg/eec191d4-79ad-40ae-9993-487bf56e3e8b

      https://www.globenewswire.com/NewsRoom/AttachmentNg/b6ef5b3f-76a2-4c84-ac35-9b2e21255a04

      https://www.globenewswire.com/NewsRoom/AttachmentNg/ba6fce2c-5bd8-4184-bc3b-dd7f075665b9

      https://www.globenewswire.com/NewsRoom/AttachmentNg/4601895b-6a94-47d9-a915-bdf90f7afdbf

      https://www.globenewswire.com/NewsRoom/AttachmentNg/d7a3d9fa-761d-4df9-ac02-5c0f31a69571

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      Lundin Mining Declares Filo del Sol a “Generational” Discovery, One of the World’s Largest

      Lundin Mining (TSX:LUN,OTC Pink:LUNMF) has released an initial resource estimate for the Filo del Sol sulfide deposit, as well as updated resources for the Filo del Sol oxide deposit and the Josemaria deposit.

      Held in a 50/50 joint venture between Lundin and BHP (ASX:BHP,NYSE:BHP,LSE:BHP), the Argentina-based assets are collectively referred to as the Vicuña resource. The new data reportedly makes Vicuña one of the world’s largest copper, gold and silver resources, and places it among the top 10 copper resources worldwide by size.

      ‘Filo del Sol has been one of the most significant greenfield discoveries in the last 30 years and an amazing journey for all those that have been involved,’ said Lundin Mining President and CEO Jack Lundin in a press release.

      “The initial mineral resource has highlighted the potential for one of the highest grade undeveloped open pit copper projects in the world and one of the largest gold and silver resources globally.”

      According to Lundin, the Vicuña resource includes:

      • 13 million metric tons (MT) of contained copper in the measured and indicated category, and an additional 25 million MT in the inferred category.
      • 32 million ounces (Moz) of contained gold in the measured and indicated category, and 49 Moz inferred.
      • 659 Moz of contained silver in the measured and indicated category and 808 Moz inferred.

      The Filo del Sol and Josemaria deposits are in close proximity to one another, which Lundin says offers a strategic advantage for infrastructure sharing, economies of scale and phased development planning.

      The high-grade mineralization at both deposits is particularly notable:

      • Filo del Sol’s high-grade core has 606 million MT in the measured and indicated category at 1.14 percent copper equivalent for contained metal of 4.5 million MT of copper, 9.6 Moz of gold and 259 Moz of silver.
      • Josemaria’s near-surface high-grade material contains 196 million MT in the measured and indicated category at 0.73 percent copper equivalent for contained metal of 978,000 MT of copper, 2.4 Moz of gold and 11 Moz of silver.

      Lundin emphasizes the potential for future growth, noting that mineralization remains open at depth, and saying drilling at the nearby Flamenco zone has intercepted new mineralized zones beyond the current resource boundary.

      The scale of the discovery has led to a substantial boost in Lundin’s portfolio.

      The company reported a 29 percent increase in its measured and indicated contained copper resource, and a staggering 650 percent increase in its inferred contained copper resource, attributable to its stake in Vicuña.

      “We see the potential for Vicuña to be not only a significant copper producer but also one of the world’s largest gold and silver mines as well,” Lundin said, highlighting its “truly unique asset” status.

      An integrated technical report combining the deposits into a single project is expected in the first quarter of 2026.

      Lundin and BHP intend to develop the site into a “globally ranked mining complex,” signaling long-term commitment to unlocking the full potential of the Vicuña district.

      The announcement comes amid growing global demand for copper and critical minerals used in renewable energy and electrification technologies. Projects like Vicuña could play a central role in meeting that demand — particularly if high-grade, open-pit deposits can be brought online at competitive cost.

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

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      Crypto Market Recap: New Hampshire Launches First State Crypto Reserve, Trump Stirs Controversy

      Here’s a quick recap of the crypto landscape for Wednesday (May 7) as of 9:00 p.m. UTC.

      Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

      Bitcoin and Ethereum price update

      Bitcoin (BTC) was priced at US$96,171.23 as markets closed, up 1.3 percent in 24 hours. The day’s range has seen a low of US$95,967.46 and a high of US$97,387.02.

      Bitcoin performance, May 7, 2025.

      Bitcoin performance, May 7, 2025.

      Chart via TradingView.

      Bitcoin showed signs of a bullish reversal leading up to the US Federal Reserve’s Wednesday interest rate decision. Roughly US$83.6 million in short Bitcoin positions were liquidated on Wednesday, significantly more than the US$15 million in long liquidations, indicating strong upward momentum. Bitcoin open interest has also increased by a notable percentage over the last 24 hours, adding to a nearly 30 percent increase over the last 30 days.

      Analysts have noted that holding above US$95,000 will be crucial for a potential climb towards Bitcoin’s all-time high, while dropping below risked a significant fall. The next target is near US$98,000, with a longer-term target around US$100,200 if that resistance breaks. However, analysts for CryptoQuant have also pointed to significant profit-taking as a potential headwind that could interrupt this upward trend.

      Ethereum (ETH) finished the trading day at US$1,797.11, a 0.6 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$1,792.06 and saw a daily high of US$1,831.84.

      Altcoin price update

      • Solana (SOL) hit a value of US$145.86 at the end of the day, up 0.7 percent over 24 hours. SOL experienced a low of US$145.24 and a high of US$147.32
      • XRP was trading at US$2.11, reflecting a 1.2 percent decrease over 24 hours and its lowest point of the day. The cryptocurrency peaked this morning at US$2.14.
      • Sui (SUI) was priced at US$3.26, showing an increaseof 0.8 percent over the past 24 hours. It achieved a daily low of US$3.24 and a high of US$3.38.
      • Cardano (ADA) is trading at US$0.6599, down 0.6 percent over the past 24 hours. Its lowest price of the day was US$0.6580, and it reached a high of US$0.6754.

      Today’s crypto news to know

      New Hampshire becomes first state to launch crypto reserve

      New Hampshire has officially become the first US state to greenlight a cryptocurrency reserve after Governor Kelly Ayotte signed House Bill 302 into law.

      The measure authorizes the state treasurer to invest up to 5 percent of public funds in digital assets with a market cap above US$500 billion — effectively limiting the scope to Bitcoin for now.

      The assets, along with precious metals, will be held either via a secure custodian or an exchange-traded product. The law goes into effect in 60 days and marks a significant milestone in state-level crypto adoption.

      Unlike the federal government’s stagnant plans for a bitcoin reserve, New Hampshire is moving ahead with direct investment. Advocates hope the move will inspire similar initiatives in other states and potentially drive further institutional interest in Bitcoin.

      Trump’s crypto projects spark legislative gridlock on Capitol Hill

      President Donald Trump’s growing involvement in the crypto sector is intensifying partisan divisions in Congress and jeopardizing progress on digital asset legislation.

      A hearing that was set to lay groundwork for crypto market regulation was abruptly cancelled after Rep. Maxine Waters voiced strong objections, citing Trump’s self-promotional crypto ventures as a conflict of interest.

      Trump’s $TRUMP meme coin and his partial ownership of World Liberty Financial have drawn criticism from ethics experts and lawmakers alike. Democrats argue that advancing regulation while the former president promotes personal crypto investments creates a perception of impropriety.

      Meanwhile, the administration defends the projects, stating Trump’s assets are held in a trust and pose no conflict. Nonetheless, legislative momentum on crypto has clearly slowed, with bipartisan collaboration now under strain.

      Crypto gains traction in New Jersey democratic primary

      Democratic gubernatorial hopefuls in New Jersey are leaning into crypto policy as a key plank of their campaigns, signaling a broader political shift.

      A Bloomberg exclusive reports that leading candidates like Rep. Mikie Sherrill and Jersey City Mayor Steve Fulop have publicly endorsed integrating digital assets into state governance.

      Fulop even proposes allocating part of the state’s pension fund to Bitcoin ETFs, a move he previously advanced at the city level. Rep. Josh Gottheimer, another contender, has framed crypto as a driver of economic growth and has backed federal legislation aimed at regulating the industry.

      With Donald Trump having successfully capitalized on crypto enthusiasm in his reelection campaign, Democrats are recalibrating their stance to stay competitive.

      The growing acceptance of digital assets among candidates suggests crypto will remain a prominent topic in the 2025 election cycle.

      Pectra upgrade goes live

      Ethereum’s Pectra upgrade, featuring the Prague execution layer hard fork and the Electra consensus layer upgrade, went live on the Ethereum mainnet at about 10:00 am UTC on Wednesday at the start of epoch 364032.

      The three main Ethereum improvement proposals (EIPs) included are EIP-7702, EIP-7251 and EIP-7691, which aim to improve user-friendliness and efficiency.

      EIP-7702 will enable externally owned accounts to function like smart contracts, handling gas fees and payments in various tokens. EIP-7251 will raise the validator staking limit to 2,048 ETH, streamlining operations for large stakers. Lastly, EIP-7691 will increase data blobs per block, enhancing layer-2 scalability and potentially lowering transaction costs.

      The change comes as the growth of Ethereum’s total value locked has lagged behind that of Solana and BNB Chain this year. Artemis data reveals a net outflow of US$50.7 billion for Ethereum year-over-year, contrasting with US$8.3 billion for Base and US$5.8 billion for Solana. However, in the month leading up to the upgrade, Ethereum experienced higher inflows than both Base and Solana.

      BlackRock’s Bitcoin ETF outpaces gold funds in 2025 Inflows

      Despite gold outperforming bitcoin in price appreciation this year, BlackRock’s spot Bitcoin ETF (IBIT) has outshined traditional gold funds in net inflows.

      Since January, IBIT has drawn nearly US$7 billion, surpassing the SPDR Gold Trust, which brought in US$6.5 billion over the same period.

      The ETF’s success comes even as Bitcoin prices have lagged behind gold’s recent surge, reflecting institutional faith in digital assets’ long-term value.

      Analysts say this trend underscores a shift in investor behavior, with many viewing Bitcoin as a digital complement — or even replacement — for gold.

      Analysts now believe bitcoin ETFs could triple gold’s assets under management within the next five years.

      Strive Asset Management to form Bitcoin treasury company

      Strive Asset Management, an enterprise founded by former presidential candidate Vivek Ramaswamy, revealed plans to transition into a Bitcoin treasury company on Wednesday.

      According to the announcement, the transition will be accomplished by a reverse merger with publicly traded Asset Entities (NASDAQ:ASST). The company will operate under the Strive brand, and will likely continue to trade on the Nasdaq under the ticker symbol ASST for the foreseeable future. The merged entity will leverage its combined stock value and access to public equity markets to fund further Bitcoin acquisitions.

      “Strive Asset Management intends to use all available mechanisms to build a Bitcoin war chest in a minimally dilutive manner to common shareholders and build a long-term investment approach designed to outperform Bitcoin, by using Bitcoin itself as the hurdle rate for capital deployment,’ Strike said in its release.

      Metaplanet increases Bitcoin holdings

      Metaplanet (OTCQX:MTPLF,TSE:3350) purchased an additional 555 Bitcoin on Wednesday for US$53.4 million at an average price of US$96,134. The purchase is valued at over US$536 million at current prices.

      The company now holds 5,555 BTC, purchased for US$481.5 million at an average price of US$86,672 per Bitcoin, according to CEO Simon Gerovich. The company also announced the issuance of another US$25 million in zero-coupon ordinary bonds to fund additional BTC buys.

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

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

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