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Executing a well-defined project development strategy for its lithium assets and advancing Direct Lithium Extraction (DLE), CleanTech Lithium is poised to become a key player in the supply of lithium carbonate and the global battery market.

Overview

CleanTech Lithium (AIM:CTL,Frankfurt:T2N) is a resource exploration and development company with three lithium assets in Chile, a world-renowned mining-friendly jurisdiction. The company aims to be a leading supplier of ‘green lithium’ to the electric vehicle (EV) market and growing Energy Storage Systems (ESS) market, leveraging direct lithium extraction (DLE) – a low-impact, low-carbon and low-water method of extracting lithium from brine. DLE enables lower grade projects to be economically viable. New projects using this method will be critical to meet the forecasted demand.

Lithium demand is soaring as a result of a rapidly expanding EV market and ESS proposed pipeline of projects. As part of Chile’s National Lithium Strategy, the company’s flagship Laguna Verde has been named one of six salars prioritized for development — positioning CleanTech Lithium as a key private partner in unlocking the country’s lithium potential.

With an experienced team in natural resources, CleanTech Lithium holds itself accountable to a responsible ESG-led approach, a critical advantage for governments and major car and battery manufacturers looking to secure a cleaner supply chain.

Laguna Verde is at pre-feasibility study stage which is to be completed imminently.

In August 2025, Cleantech Lithium acquired 30 additional licenses from Minergy Chile SpA, with the primary objective of increasing the preferential license position within the government-defined CEOL polygon. Based on the acquisition, Laguna Verde now has an updated total resource is 1.9 million tonnes of lithium carbonate equivalent (LCE), at a grade of 174 mg/L lithium, a 17 percent increase from the previous total resource of 1.63 million tonnes of LCE. The asset also boasts 0.84 million tonnes of LCE in the measured and indicated category at a grade of 178 mg/L lithium.

The company is carrying out the necessary environmental impact assessments in partnership with the local communities. The indigenous communities will provide valuable data that will be included in the assessments. The company has signed agreements with three of the core communities to support the project development.

DLE Pilot Plant Inauguration event held in May 2024 with local stakeholders and indigenous communities in attendance

Salar de Atacama/Arenas Blancas comprises 140 licenses covering 377 sq km in the Salar de Atacama basin, one of the leading lithium-producing regions in the world with proven mineable deposits of 9.2 Mt.

CleanTech Lithium is committed to an ESG-led approach to its strategy and supporting its downstream partners looking to secure a cleaner supply chain. In line with this, the company plans to use renewable energy and the innovative DLE process across its projects. DLE is considered an efficient option for lithium brine extraction that makes the least environmental impact, with no use of evaporation ponds, no carbon-intensive processes and reduced levels of water consumption. In recognition, Chile’s government plans to prioritize DLE for all new lithium projects in the country.

CleanTech Lithium’s pilot DLE plant in Copiapó was commissioned in the first quarter of 2024. To date, the company has completed the first stage of production from the DLE pilot plant producing an initial volume of 88 cubic metres of concentrated eluate – the lithium carbonate equivalent (LCE) of approximately one tonne over an operating period of 384 hours with 14 cycles. Results show the DLE adsorbent achieved a lithium recovery rate of approximately 95 percent from the brine, with total recovery (adsorption plus desorption) achieving approximately 88 percent. The Company’s downstream conversion process is successfully producing pilot-scale samples of lithium carbonate . As of January 2025, the Company is producing lithium carbonate from Laguna Verde concentrated eluate at the downstream pilot plant – recently proven to be high purity (99.78 percent). Click for highlights video.

CTL’s experienced management team, with expertise throughout the natural resources industry, leads the company toward its goal of producing green lithium for the EV and ESS markets. Expertise includes geology, lithium extraction engineering and corporate administration.

Company Highlights

  • Proven Commitment to Chile’s Lithium Future: Over US$30 million invested and agreements with local indigenous communities reflect CleanTech Lithium’s commitment to developing sustainable, high-quality lithium assets aligned with Chile’s National Lithium Strategy.
  • Clean, Fast, and Efficient Extraction: Utilizing Direct Lithium Extraction (DLE) to deliver battery-grade lithium carbonate faster, at lower cost, and with minimal environmental impact.
  • Flagship Project Advancing: The Laguna Verde project is at the pre-feasibility stage, paving the way for strategic partnership discussions.
  • Operational DLE Pilot Plant: An active pilot plant in Copiapó designed to produce ~1 tonne LCE, validating scalable, low-impurity lithium production.
  • High-Purity Lithium Achieved: In January 2025, the company produced 99.78 percent purity lithium carbonate, confirming product quality.
  • Committed to ESG Excellence: An ESG-first approach ensures responsible operations aligned with clean supply chain and focused on developing the project with net-zero goals in mind.

Key Projects

Laguna Verde Lithium Project

The 217 sq km Laguna Verde project features a sq km hypersaline lake at the low point of the basin with a large sub-surface aquifer ideal for DLE. Laguna Verde is the company’s most advanced asset.

Project Highlights:

  • Prolific JORC-compliant Resource Estimate: The updated JORC-compliant resource estimate for the Laguna Verde project confirms 1.9 million tonnes of lithium carbonate equivalent (LCE) at an average grade of 174 mg/l lithium, with 0.84 million tonnes in the measured and indicated category.
  • Environmentally Friendly Extraction: The company’s asset is amenable to DLE. Instead of sending lithium brine to evaporation ponds, DLE uses a unique process where resin extracts lithium from brine, and then re-injects the brine back into the aquifer, with minimal depletion of the resources. The DLE process reduces the impact on environment, water consumption levels and production time compared with evaporation ponds and hard-rock mining methods.
  • Scoping Study: Scoping study completed in January 2023 indicated a production of 20,000 tons per annum LCE and an operational life of 30 years. Highlights of the study also includes:
    • Total revenues of US$6.3 billion
    • IRR of 45.1 percent and post-tax NPV8 of US$1.8 billion
    • Net cash flow of US$215 million

Pre-Feasibility Study and Project Development

The Pre-Feasibility Study (PFS) is nearly complete, with resource and wellfield design dependent on the finalized government polygon. This will allow CTL to expand its resources and develop wells on the newly acquired Minergy licences. Please refer to RNS dated 11th August 2025 available at www.ctlithium.com for more details.

Publication of the PFS will be deferred until CTL enters the streamlined CEOL process for confidentiality reasons. With existing infrastructure at Laguna Verde and the carbonate plant in Copiapó, project development conditions remain highly favourable.

CleanTech Lithium is advancing its Special Lithium Operating Contract (CEOL) application with the Chilean Government, which grants rights to exploit and sell lithium within a defined area.

To meet CEOL criteria, CTL recently acquired Minergy’s 30 mining licences at Laguna Verde, increasing ownership to over 97 percent of the government’s proposed project polygon. The milestone-based purchase deal strengthens CTL’s position and, together with shareholder support, is expected to enable entry into the streamlined CEOL process — a key milestone that could drive a major revaluation as the company capitalizes on the lithium market recovery.

Viento Andino Lithium Project

CleanTech Lithium’s second-most advanced asset covers 127 square kilometers and is located within 100 km of Laguna Verde, with a current resource estimate of 0.92 Mt of LCE, including an indicated resource of 0.44 Mt LCE. The company’s planned second drill campaign aims to extend known deposits further.

Project Highlights:

  • 2022 Lithium Discovery: Recently completed brine samples from the initial drill campaign indicate an average lithium grade of 305 mg/L.
  • Scoping Study: A scoping study was completed in September 2023 indicating a production of up to 20,000 tons per annum LCE for an operational life of more than 12 years. Other highlights include:
    • Net revenues of US$2.5 billion
    • IRR of 43.5 percent and post-tax NPV 8 of US$1.1 billion
  • Additional Drilling: Once drilling at Laguna Verde is completed in 2024, CleanTech Lithium plans to commence further drilling at Viento Andino for a potential resource upgrade.

Arenas Blancas

The project comprises 140 licences covering 377 sq km in the Salar de Atacama basin, a known lithium region with proven mineable deposits of 9.2 Mt and home to two of the world’s leading battery-grade lithium producers SQM and Albermarle. Following the granting of the exploration licences in 2024, the Cleantech Lithium is designing a work programme for the project.

The Board

Steve Kesler – Independent Non-executive Chairman

Steve Kesler has 45 years of executive and board roles experience in the mining sector across all major capital markets including AIM. Direct lithium experience as CEO/director of European Lithium and Chile experience with Escondida and as the first CEO of Collahuasi, previously held senior roles at Rio Tinto and BHP.

Ignacio Mehech – CEO

Ignacio Mehech brings over a decade of senior leadership experience in the lithium and mining sectors. During his seven-year tenure at Albemarle—the world’s largest producer of battery-grade lithium—he spent the last three years as Country Manager in Chile, overseeing a workforce of 1,100 and managing critical relationships with government, indigenous communities, and other key stakeholders. Mehech brings deep expertise in lithium project development, regulatory engagement, and sustainability. He has led high-profile engagements with global investors, customers, NGOs, analysts, scientists, and international governments. He also played a key leadership role in the El Abra copper operation—a joint venture between Codelco and Freeport-McMoRan—where he led the legal strategy and contributed to corporate transformation initiatives. Mehech holds a law degree from the Universidad de Chile and a Master’s in Energy and Resources Law from the University of Melbourne.

Paul Atherton – Non-executive Director

Paul Atherton is a Chartered Accountant with extensive experience in corporate finance across professional services and resource companies in sub-Saharan Africa. He served as CFO and later CEO of Heritage Oil, a former FTSE 250 company, before pursuing his interests as an angel investor and board director across the resources, technology, and healthcare sectors. A resident of Jersey, Paul also chairs the Board’s Audit & Risk Committee.

This post appeared first on investingnews.com

InMed Pharmaceuticals (NASDAQ: INM) pairs innovative therapeutic development in Alzheimer’s, ophthalmology, and dermatology with recurring revenue from its BayMedica manufacturing division — giving investors rare small-cap biotech exposure to high-impact science with reduced financing risk.

INM-901 takes a multi-pathway approach to Alzheimer’s, targeting several core drivers of the disease rather than just amyloid beta. In preclinical studies, it protected neurons, reduced inflammation, cleared toxic proteins, and improved cognition, aligning with the industry’s shift toward multi-target therapies.

InMed’s BayMedica subsidiary manufactures rare cannabinoids via chemical synthesis, rather than plant extraction, ensuring purity, consistency and scalability. The business generates approximately $5 million in annual revenue and ~40 percent gross margins, selling to the global health and wellness ingredient markets. This dual business model gives InMed a cash flow-supported R&D engine, enhancing sustainability and valuation resilience.

Investor Insight

InMed is a pharma innovator advancing proprietary small-molecule therapies in Alzheimer’s and ophthalmology, supported by a revenue-producing manufacturing arm. With cash exceeding its market cap and multiple near-term catalysts, it represents a compelling, undervalued biotech opportunity.

This InMed Pharmaceuticals profile is part of a paid investor education campaign.*

Click here to connect with InMed Pharmaceuticals (NASDAQ:INM) to receive an Investor Presentation

This post appeared first on investingnews.com

The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.

How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.

While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.

From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.

New 52-Week Highs Finally Picking Up

If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.

As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.

Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.

The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.

Trend Check: GoNoGo Still “Go”

The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.

Active Bullish Patterns

We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.

Failed Bearish Patterns

In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.

The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.

We’ll continue to monitor these formations as they develop because, at some point, that will change.

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

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$103,760, a 3.8 percent decrease in 24 hours, and its highest valuation of the day. Its lowest was US$99,590.49.

Bitcoin price performance, November 7, 2025.

Chart via TradingView.

After a week that has seen the world’s largest cryptocurrency slip more than 20 percent from its early October record high, the crypto market began to show signs of recovery on Friday afternoon.

Speaking about Tether’s Bitcoin accumulation during the recent downturn, Bitget Wallet’s Lacie Zhang said the move underscores institutions’ view of Bitcoin as a strategic reserve asset rather than a speculative trade.

“However, institutional accumulation does not necessarily signal an immediate rebound — it’s a strategic positioning move grounded in the expectation that Bitcoin will outperform once global liquidity conditions improve.’

Zhang explained that Bitcoin’s recent selloff was driven more by broader liquidity stress rather than crypto-specific issues, with exchange-traded fund redemptions causing mechanical selling, and leverage unwinding amplifying volatility — a typical liquidity-drain cycle. She also offered her outlook on what’s to come:

“Looking ahead, recovery depends on how quickly liquidity returns: if unemployment climbs above 4.4 percent or economic data softens once the US shutdown ends, the (US Federal Reserve) may be pushed toward easing. Until then, conditions remain tight, and the January to February credit cycle could still test markets. Longer term, though, institutional accumulation and resilient on-chain activity suggest the foundation for the next phase of crypto recovery is quietly being built.”

Ether (ETH) was priced at US$3,463.13, a 4.8 percent increase in 24 hours to its highest valuation of the day. Its lowest was US$3,199.47.

Altcoin price update

  • Solana (SOL) was priced at US$163.40, up by 5.2 percent over the last 24 hours to its highest valuation of the day. Its lowest was US$150.79.
  • XRP was trading for US$2.36, up by 8 percent over the last 24 hours, also at its highest valuation of the day. Its lowest was US$2.17.

Crypto derivatives and market indicators

Crypto derivatives markets displayed notable liquidation activity on Friday afternoon amid cautious trader sentiment and volatile price action. Bitcoin liquidations hit US$35.8 billion, primarily from short positions unwinding, while Ether saw US$29.8 billion in short liquidations, reflecting significant adjustments in bearish bets.

Open interest in Bitcoin futures climbed modestly by 0.65 percent to US$71.24 billion, indicating persistent market engagement despite recent price pressures just below the key US$100,000 level. Ether’s open interest rose more sharply by 3 percent to US$40.24 billion, underscoring increasing participation ahead of critical expiration events.

Funding rates for both Bitcoin (0.005) and Ether (0.006) remain marginally positive, signaling a slight long bias among traders, but a generally cautious and balanced market stance.

Crucially, Bitcoin’s relative strength index (RSI) at 48.86 sits near neutral territory, suggesting neither overbought nor oversold conditions. This RSI level aligns with the view of an equilibrium phase with potential for either consolidation or a directional move, depending on forthcoming catalysts.

Today’s crypto news to know

Senate members still gridlocked

The US government shutdown entered day 38 on Friday, with the Senate voting down a House-passed funding bill designed to temporarily restore operations. The deadlock centers on the extension of Affordable Care Act subsidies, a key sticking point for Democrats who rejected the GOP-backed measure.

In response, Senate Democrats proposed a counteroffer to reopen the government with a one year extension of healthcare subsidies. However, bipartisan agreement has yet to be reached, and negotiations continue amid growing economic and social impacts, including flight cancelations and delayed pay for federal workers.

Tempo invests in Commonware

Crypto infrastructure startup Commonware has raised US$25 million in a funding round led by Tempo, a payments-focused blockchain network launched by Stripe and crypto venture firm Paradigm.

Commonware was founded in 2024. The company develops open-source tools that empower companies to launch and manage their own blockchains. Commonware’s CEO, Patrick O’Grady, reportedly told Fortune, which first reported the story, that strategic partnerships and network growth are more important than capital alone at this stage, highlighting the long-term value of collaboration over fundraising milestones.

Japan’s financial regulator backs bank-led stablecoin pilot

Japan’s Financial Services Agency has confirmed it will support a project by the country’s three largest banks — Mitsubishi UFJ Financial Group (TSE:8306), Sumitomo Mitsui Financial Group (TSE:8316) and Mizuho Financial Group (NYSE:MFG,TSE:8411) — to jointly issue stablecoins for cross-border payments.

In a Reuters report, Finance Minister Satsuki Katayama said the agency will oversee legal and operational compliance as the initiative moves into testing. The banks intend to issue yen-pegged tokens under Japan’s revised Payment Services Act, which requires full asset backing and enhanced consumer safeguards. Startup JPYC recently launched its first fully regulated yen-denominated stablecoin backed by domestic savings and government bonds.

UNDP to launch global blockchain training program for governments

The United Nations Development Programme (UNDP) is expanding its blockchain education initiatives to include government officials, aiming to accelerate digital infrastructure adoption in the public sector.

Robert Pasicko, who leads UNDP’s Alternative Finance Lab, said four countries will be selected for the initial rollout within weeks. The program will build on UNDP’s internal blockchain academy, and will include both training and hands-on project support. Research by UNDP has identified over 300 potential government applications for blockchain technology, from transparent fund tracking to public sector payments.

Twenty-five major blockchain organizations, including Polygon Labs, Stellar Foundation and the Ethereum Foundation, have discussed forming an advisory group under UNDP coordination.

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.

This post appeared first on investingnews.com

(TheNewswire)

Vancouver, British Columbia TheNewswire – November 10, 2025 Juggernaut Exploration Ltd (JUGR.V) (OTCPK: JUGRF) (FSE: 4JE) ( the ‘Company’ or ‘Juggernaut’) is excited to announce that detailed mapping and sampling have confirmed that the gold-rich Big Mac Zone, Whopper Zone and Gold Dome Zone all form part of the 22 Km 2 district-scale Eldorado System that remains wide open where grab samples assayed up to 263.70 gt AuEq or 8.48 ozt AuEq and channel cuts assayed up to 4.89 gt AuEq over 5.21 m from >400 mineralized veins that are up to 10 m wide hosted in shear zones up to 50 m wide, and are exposed on surface for >1 km with >1 km of vertical relief, remains open and is drill ready on the Big One property (the ‘Property’), Golden Triangle, British Columbia. In addition, based on excellent assay results, the Company has acquired additional claims and expanded the Gold Swarm discovery area of strong gold potential from 1 km 2 to 3 km 2 and 700 m of vertical relief and remains open, effectively tripling this area of strong gold potential, where grab samples assayed up to 231.81 gt AuEq or 7.45 ozt AuEq and channel cuts assayed up to 4.51 gt AuEq over 4.36 m that remains open and is drill ready. The Big One discovery is located in an area of recent glacial and snowpack abatement adjacent to the Tier 1 gold-rich porphyry systems, the likes of Galore Creek. The 100% controlled Big One property covers 39,271 hectares of geological terrane with tremendous additional discovery potential.

Link to map with samples > 1 g/t AuEq

Big One Gold Rich District Scale System Highlights:

  • The district-scale Eldorado System covers an area ~half the size of the Island of Manhattan (22 km ) that remains wide open where grab samples assayed up to 263.70 g/t AuEq or 8.48 oz/t AuEq and channel cuts assayed up to 4.89 g/t AuEq over 5.21 m from 400 mineralized veins that remain open and are up to 10 m wide, the equivalent to ~3-story building, hosted in shear zones up to 50 m wide, comparable to a 15-story building, and are exposed on surface for 500 m, or 5 football fields, with 1 km of vertical relief, the height of 2.5 Empire State Buildings.

Link to Gold Dome Figure

Link to Whopper Zone Figure

  • The Gold Swarm Area of strong gold potential has been expanded from 1 km to 3 km , equivalent to more than the downtown core of Vancouver B.C, with 700 m of vertical relief and remains wide open, with 100 veins up to 4.5 m wide, the equivalent of a 1.5-story building, and exposed on surface for 200 m equivalent to 2 football fields and remain open containing grab samples that assayed up to 231.81 g/t AuEq or 7.45 oz/t AuEq a nd channel cuts that assayed up to 4.51 g/t AuEq over 4.36 m. The Gold Swarm Area is drill ready.

Link to Goldswarm Figure

  • 41% (219 samples out of 527) collected within the Eldorado System in 2024 and 2025 assayed 1 g/t AuEq; 65% (28 samples out of 43) collected withing the Gold Swarm Zone in 2024 and 2025 assayed 1 g/t AuEq.

Grade (AuEq)

>1 g/t

>3 g/t

>5 g/t

>10 g/t

>15 g/t

>20 g/t

>30 g/t

>60 g/t

>90 g/t

Samples

219

129

95

66

51

40

23

8

5

  • Gold samples up to 256.60 g/t or 8.25 oz/t, silver samples up 2810 g/t or 90.34 oz/t, and copper samples up to 14.40 % were collected on Big One.

  • Detailed mapping has confirmed common orientations as well as similar geochemical signatures and textures of the gold-mineralized veins along the 15 km Highway of Gold corridor surrounding the snowcap of Deeker Glacier, strongly indicating that the gold-rich mineralization found throughout is all part of one huge district-scale gold system that remains wide open.

  • The polymetallic veins, alteration signature, geochemical pathfinder element signature, and geophysical anomalies strongly indicate the presence of a large common buried gold-silver-copper rich porphyry feeder source or similar magmatic source or sources at depth responsible for the extensive high-grade veining confirmed on surface over 22 km

  • The company recently received a 5-year property-wide advanced exploration drill permit.

  • Detailed geological and structural mapping has been completed on the reported drill targets in order to define the full geometry of these high-grade gold-bearing shears and veins and will be instrumental in designing the drill plan for the upcoming maiden drill program.

  • A high-resolution UAV photogrammetry survey was completed over an area of 52 km2 on the Eldorado System and Gold Swarm Zone encompassing all of the maiden drill targets. The data will be used to support modelling and define targeting the high-grade gold mineralization recently discovered.

  • A property wide LiDAR survey covering an area of 385 km has been conducted and will be used to augment information obtained from the mapping as well as plan the upcoming inaugural drill campaign.

  • Multiple drill-ready targets have been confirmed and are planned to be tested in the fully funded inaugural drill program and include but are not limited to: the 22 km Eldorado System hosting the Gold Dome Zone where grab samples assayed up to 263.70 g/t AuEq or 8.48 oz/t AuEq; the Big Mac Zone where grab samples assayed up to 113.92 g/t AuEq or 3.66 oz/t AuEq; the Whopper Zone where grab samples assayed up to 43.94 g/t AuEq or 1.41 oz/t AuEq; and the Gold Swarm Area where grab samples assayed up to 231.81 g/t AuEq or 7.45 oz/t AuEq.

  • Juggernaut is working in consultation with the Tahltan First Nation and the local community and is committed to maintaining respectful and collaborative relationships. As we advance exploration on our project, we will continue working closely with the Tahltan First Nation and all the local stakeholders and regulatory agencies to ensure our activities create long-term value and reflect community priorities.

Dan Stuart, President and CEO of Juggernaut Exploration states: ‘With a district-scale discovery of this magnitude host to so many large gold-rich veins and shears exposed on surface that rise above the valley floor for >1 km we are likely only seeing the tip of the iceberg on this mountain of gold. We look forward to the fully funded maiden drill program on this remarkable gold discovery with much anticipation. The best is yet to come!’

Manuele Lazzarotto, PhD, Chief Geologist of Juggernaut Exploration, states: ‘With the advanced exploration permit in hand, we look forward to unlocking the full potential of the Big One gold discovery in the third dimension during the inaugural drill program. Once we receive, compile, and interpret all the deliverables from the detailed and regional mapping, UAV orthophotos survey, and LiDAR survey, the same team responsible for the Tier 1 Surebet gold discovery will design and execute the maiden drill program. Obvious opportunities with the scale and grades seen on Big One are extremely rare, and we have clearly barely begun to scratch the surface. The team looks forward to testing this remarkable discovery at depth.’

Table 1: Samples from 2024-2025 with assays >1 g/t AuEq

Sample ID

Year

Sample Type

Au (g/t)

Ag (g/t)

Cu (%)

Pb (%)

Zn (%)

AuEq (g/t)

M224886

2025

Float

256.60

546.00

0.43

0.41

0.01

263.70

M217656

2025

Float

226.94

335.00

0.00

4.99

0.01

231.81

D751423

2025

Grab

138.70

29.96

0.08

0.02

0.02

139.14

M220659

2025

Grab

111.35

159.00

0.02

3.88

0.01

113.92

M224956

2025

Grab

95.04

49.60

0.02

0.02

0.01

95.67

D751282

2024

Grab

79.01

58.90

0.13

0.43

0.80

80.08

D751407

2025

Grab

68.57

115.00

0.35

1.25

6.53

72.02

D751424

2025

Grab

60.08

9.57

0.01

0.00

0.01

60.21

D751966

2024

Grab

56.54

23.30

0.03

0.02

0.03

56.84

M220561

2025

Grab

55.50

38.62

0.09

2.02

0.44

56.47

M217807

2025

Channel

47.18

156.00

0.01

9.28

0.07

50.57

D750642

2025

Grab

43.99

102.00

0.00

9.19

0.44

46.79

M217601

2025

Channel

39.84

333.00

0.02

0.07

0.06

43.94

M217579

2025

Channel

34.96

415.00

0.02

21.13

0.06

43.38

D751216

2024

Grab

37.98

75.50

0.24

5.72

3.93

41.46

D751191

2024

Channel

12.12

2810.00

0.02

8.04

0.00

37.20

D751156

2024

Grab

33.72

177.00

0.27

2.71

0.27

36.11

D751357

2025

Grab

18.06

333.00

12.05

0.00

0.14

32.65

M217613

2025

Channel

31.68

9.40

0.16

0.00

0.10

31.96

M224961

2025

Grab

31.25

13.98

0.39

0.00

0.00

31.77

D750638

2025

Grab

14.46

621.00

0.11

54.39

0.44

30.79

D751375

2025

Grab

28.47

70.39

0.15

2.43

0.40

29.94

D751402

2025

Grab

29.23

11.44

0.17

0.01

0.00

29.52

D751373

2025

Grab

21.44

172.00

0.07

15.92

6.21

27.59

D751964

2024

Talus

23.47

110.00

1.37

0.01

0.00

26.07

D750389

2024

Grab

8.10

1420.00

1.11

0.15

2.70

26.01

D751163

2024

Float

23.97

116.00

0.02

2.16

0.13

24.53

D750639

2025

Grab

18.12

174.00

3.36

2.91

0.03

23.63

M217567

2025

Channel

17.00

461.00

0.04

0.87

0.31

22.86

D750624

2025

Grab

21.62

45.06

0.00

2.33

0.16

22.58

M217705

2025

Channel

20.78

48.45

0.62

2.37

1.05

22.53

M224905

2025

Talus

9.48

646.00

5.48

0.05

0.05

22.15

M224982

2025

Chip

21.17

20.30

0.02

0.92

0.03

21.58

M217655

2025

Grab

19.64

15.34

0.00

1.37

2.93

20.74

M224983

2025

Grab

14.06

191.00

0.15

17.27

4.50

20.31

D751365

2025

Grab

9.35

566.00

0.01

25.22

0.06

20.24

M217657

2025

Grab

18.11

88.95

0.00

2.08

0.01

19.53

D750621

2025

Grab

3.76

223.00

14.45

0.00

0.11

19.09

D750644

2025

Grab

18.47

12.54

0.00

0.89

0.01

18.77

D750625

2025

Grab

18.32

6.19

0.01

0.01

0.55

18.54

D751374

2025

Talus

16.60

66.43

0.38

1.82

0.60

18.17

D750641

2025

Grab

15.52

55.65

0.63

1.85

0.08

17.06

M224959

2025

Grab

15.94

16.54

0.00

0.01

0.01

16.15

D750394

2024

Grab

13.12

163.00

0.51

1.65

0.42

16.04

M217852

2025

Channel

15.39

20.95

0.04

1.02

0.37

15.93

M217649

2025

Channel

14.96

22.24

0.41

0.64

0.95

15.92

D751285

2024

Grab

3.74

91.20

7.96

0.01

0.01

13.18

D751975

2024

Grab

10.62

198.00

0.00

0.77

0.01

13.10

D750192

2024

Grab

3.44

220.00

6.61

0.00

0.01

12.91

M224932

2025

Grab

0.00

755.00

0.63

6.07

7.28

12.43

D750852

2025

Subcrop

1.07

860.00

0.01

2.12

1.32

12.20

M220602

2025

Grab

11.92

2.04

0.01

0.00

0.04

11.96

M224883

2025

Grab

11.07

20.98

0.03

0.01

0.00

11.36

D751943

2024

Grab

4.00

128.00

0.30

15.35

8.35

11.32

D750198

2024

Float

6.01

34.10

0.14

0.04

15.30

11.21

M217784

2025

Channel

10.83

1.88

0.00

0.00

0.04

10.87

D750704

2025

Grab

2.59

325.00

0.35

22.97

1.56

10.83

D750608

2024

Grab

10.62

3.20

0.00

0.01

0.01

10.67

M217785

2025

Channel

10.17

1.97

0.00

0.00

0.01

10.20

M224957

2025

Grab

9.65

15.14

0.03

0.18

0.48

10.00

D751154

2024

Grab

5.72

218.00

0.22

1.81

1.34

9.20

D751969

2024

Float

5.59

185.00

0.40

1.91

0.98

8.82

D751284

2024

Float

6.34

47.70

0.03

6.78

0.59

8.66

D751151

2024

Float

2.79

474.00

0.01

20.00

1.22

8.59

D751192

2024

Channel

3.39

366.00

0.01

0.11

0.00

7.68

D751372

2025

Grab

7.44

16.56

0.00

0.17

0.01

7.67

D751104

2024

Float

3.79

204.00

0.30

4.60

1.12

7.54

D750395

2024

Grab

6.01

105.00

0.01

0.06

0.09

7.42

D750643

2025

Grab

7.36

2.04

0.00

0.03

0.02

7.40

M217571

2025

Channel

6.06

89.91

0.04

0.01

0.67

7.35

M220559

2025

Grab

1.55

262.00

0.01

13.83

0.08

6.94

M220601

2025

Grab

6.77

5.19

0.08

0.00

0.01

6.91

M224865

2025

Grab

0.05

213.00

4.32

0.07

0.48

6.53

M217589

2025

Channel

5.81

19.08

0.35

0.37

0.28

6.48

D751403

2025

Float

6.13

14.47

0.00

0.02

0.01

6.31

D751368

2025

Talus

6.09

6.80

0.01

0.25

0.04

6.24

D751433

2025

Grab

0.03

139.00

2.99

4.42

4.65

6.13

D751369

2025

Grab

4.97

71.63

0.02

1.44

0.07

6.10

D751939

2024

Channel

5.06

96.30

0.00

0.05

0.03

6.10

M217566

2025

Channel

4.40

118.00

0.02

0.13

0.22

5.93

D751107

2024

Float

4.09

71.80

0.22

1.20

0.95

5.71

D751112

2024

Float

4.94

59.50

0.00

0.31

0.02

5.70

M217702

2025

Channel

4.30

38.77

0.58

2.16

0.10

5.64

M224981

2025

Grab

5.31

13.36

0.01

0.69

0.04

5.60

D751435

2025

Grab

5.19

10.98

0.00

0.54

0.20

5.46

D751158

2024

Grab

4.60

30.70

0.04

1.36

0.02

5.31

M220673

2025

Grab

0.00

345.00

0.03

0.45

4.17

5.29

M217648

2025

Channel

4.69

7.08

0.26

0.44

0.43

5.17

M217788

2025

Channel

5.15

1.29

0.01

0.01

0.00

5.17

D750657

2024

Grab

3.71

40.80

0.76

0.01

0.02

4.98

M220603

2025

Grab

0.39

313.00

0.26

1.50

1.07

4.92

D751215

2024

Grab

2.96

102.00

0.04

0.04

2.15

4.84

D750094

2024

Grab

0.02

108.00

1.01

0.06

8.60

4.83

D750632

2025

Float

4.44

20.01

0.02

0.74

0.01

4.83

D750656

2024

Grab

1.56

97.60

0.06

7.88

0.25

4.53

M217573

2025

Channel

4.27

16.46

0.00

0.00

0.00

4.48

M217643

2025

Channel

4.35

3.99

0.01

0.01

0.04

4.42

M217608

2025

Channel

4.35

1.50

0.00

0.00

0.01

4.38

D751406

2025

Grab

4.07

12.47

0.00

0.02

0.05

4.24

M224868

2025

Grab

0.38

68.48

3.42

0.01

0.15

4.23

M217805

2025

Channel

4.18

2.82

0.00

0.03

0.01

4.22

D750088

2024

Grab

0.16

143.00

0.04

7.63

1.50

4.18

M224938

2025

Grab

0.00

89.59

3.15

0.01

1.15

4.11

D751417

2025

Grab

3.38

46.67

0.00

0.41

0.00

4.02

M217637

2025

Channel

3.63

10.25

0.03

0.53

0.59

4.00

D750664

2024

Float

0.46

292.00

0.02

4.51

0.08

3.99

D750854

2025

Grab

0.00

186.00

0.07

7.28

1.99

3.95

M224935

2025

Grab

0.00

271.00

0.23

1.45

0.78

3.91

M224866

2025

Grab

0.20

146.00

1.78

0.04

1.31

3.85

M224851

2025

Chip

2.61

38.00

0.13

1.99

0.85

3.70

D751697

2024

Grab

0.09

105.00

2.35

0.01

0.07

3.65

M220553

2025

Grab

0.59

200.00

0.01

3.58

0.06

3.61

D751283

2024

Float

0.26

12.60

3.02

0.00

0.00

3.57

D751946

2024

Grab

0.02

136.00

0.72

0.18

4.35

3.54

D751699

2024

Grab

2.15

68.90

0.01

2.63

0.06

3.51

D750751

2025

Grab

1.16

82.41

0.03

4.01

2.80

3.48

M224904

2025

Grab

1.04

187.00

0.00

0.43

0.17

3.43

D751195

2024

Channel

1.61

38.20

0.82

1.27

0.71

3.37

D751398

2025

Grab

0.09

65.28

2.01

2.59

1.34

3.36

D751436

2025

Grab

0.14

80.25

0.09

13.18

0.20

3.32

D751394

2025

Grab

0.24

187.00

0.16

1.40

1.42

3.22

D750554

2024

Channel

0.05

81.50

0.35

1.05

5.34

3.17

D750199

2024

Grab

0.15

108.00

0.01

7.73

0.05

3.13

D751836

2024

Chip

0.22

114.00

0.00

5.21

1.59

2.95

D751845

2024

Chip

2.63

24.80

0.00

0.01

0.00

2.95

D751972

2024

Channel

1.42

47.30

0.03

3.43

0.68

2.90

D751846

2024

Grab

2.59

24.70

0.01

0.00

0.00

2.87

D751207

2024

Grab

0.04

256.00

0.01

12.65

0.01

2.85

M224963

2025

Grab

2.63

9.40

0.09

0.08

0.01

2.84

M224855

2025

Grab

2.23

30.34

0.03

0.95

0.20

2.83

M217727

2025

Channel

2.73

2.04

0.01

0.03

0.01

2.77

D751109

2024

Grab

1.65

89.50

0.10

0.01

0.03

2.73

D751962

2024

Grab

0.55

95.20

0.26

1.17

1.98

2.65

D751404

2025

Grab

2.61

1.26

0.00

0.00

0.00

2.63

M220555

2025

Grab

0.09

83.19

0.04

8.00

0.64

2.55

D751968

2024

Grab

1.49

53.50

0.01

1.68

0.13

2.55

D751153

2024

Grab

0.83

86.60

0.38

0.08

1.16

2.52

M220674

2025

Grab

0.00

175.00

0.01

0.62

0.74

2.42

D751213

2024

Float

1.65

51.40

0.02

0.31

0.02

2.41

M224927

2025

Grab

0.70

40.80

0.13

6.73

0.02

2.37

M217782

2025

Channel

0.02

88.40

0.84

0.78

1.59

2.32

M224902

2025

Subcrop

2.02

10.72

0.01

0.90

0.02

2.31

M220677

2025

Talus

0.00

29.29

0.29

0.29

6.78

2.26

D751992

2024

Grab

0.33

102.00

0.03

3.27

0.06

2.21

D750448

2024

Grab

0.42

71.70

0.03

4.57

0.09

2.20

D751391

2025

Grab

1.89

14.34

0.10

0.24

0.01

2.19

D751947

2024

Grab

0.01

74.70

0.48

0.09

2.81

2.16

D750086

2024

Channel

0.17

17.30

0.12

1.11

4.70

2.16

D751371

2025

Grab

1.56

39.69

0.00

0.20

0.00

2.08

M224852

2025

Grab

1.08

50.66

0.16

0.93

0.29

2.05

D750555

2024

Channel

0.05

73.10

0.17

1.03

2.65

2.03

M217618

2025

Channel

1.94

6.23

0.00

0.00

0.01

2.02

D750629

2025

Grab

1.23

39.89

0.15

0.00

0.58

1.99

D751165

2024

Grab

1.95

6.80

0.00

0.01

0.01

1.99

M217592

2025

Channel

1.69

10.63

0.17

0.02

0.01

1.97

D750393

2024

Grab

1.01

41.30

0.02

1.79

0.37

1.97

D750449

2024

Grab

0.24

32.60

0.01

6.38

0.02

1.96

D751426

2025

Grab

1.91

1.49

0.00

0.00

0.01

1.94

D751352

2025

Chip

0.22

41.10

1.34

0.01

0.07

1.91

D751422

2025

Grab

0.01

41.14

1.55

0.01

0.02

1.86

M217853

2025

Channel

1.75

2.88

0.00

0.02

0.06

1.81

M217665

2025

Channel

0.80

43.76

0.53

0.00

0.01

1.80

M224912

2025

Grab

1.00

64.20

0.00

0.01

0.00

1.78

D751194

2024

Grab

0.44

130.00

0.01

0.08

0.09

1.74

D750725

2025

Grab

0.00

62.49

0.07

4.77

0.60

1.71

M224903

2025

Grab

0.47

39.05

0.86

0.01

0.01

1.70

M217721

2025

Channel

0.03

53.49

0.88

0.46

0.76

1.70

M220604

2025

Grab

0.50

29.35

0.89

0.30

0.03

1.69

D751429

2025

Grab

0.06

73.61

0.02

2.36

1.37

1.67

M224901

2025

Grab

1.46

12.66

0.02

0.22

0.01

1.66

D750197

2024

Grab

0.10

95.80

0.02

1.43

0.53

1.66

D750195

2024

Grab

0.33

15.30

0.07

2.21

1.77

1.60

D750083

2024

Channel

0.81

32.70

0.01

1.63

0.12

1.57

M217565

2025

Channel

0.47

12.27

0.61

0.04

1.67

1.56

M217724

2025

Channel

1.50

2.88

0.01

0.06

0.01

1.55

D750616

2025

Grab

0.11

64.83

0.52

0.35

0.56

1.54

D751251

2024

Grab

1.27

11.10

0.11

0.02

0.02

1.53

M217636

2025

Channel

1.33

12.99

0.01

0.07

0.01

1.52

D750552

2024

Channel

0.02

33.00

0.24

0.04

2.82

1.51

D751948

2024

Grab

0.11

53.10

0.01

3.48

0.07

1.49

D751993

2024

Grab

1.20

11.90

0.03

0.35

0.17

1.48

M224885

2025

Grab

0.48

14.86

0.90

0.00

0.01

1.45

D751116

2024

Grab

1.27

13.20

0.00

0.01

0.01

1.44

D750553

2024

Channel

0.02

25.10

0.22

0.06

2.82

1.42

D751115

2024

Grab

0.05

45.10

0.02

0.95

2.03

1.40

D751397

2025

Grab

0.01

26.13

0.65

0.05

2.10

1.40

M224914

2025

Grab

0.02

49.81

0.32

1.61

0.85

1.36

D750607

2024

Grab

0.68

43.40

0.00

0.75

0.03

1.36

D751941

2024

Grab

0.35

26.00

0.06

0.64

1.54

1.34

D750095

2024

Channel

0.06

52.40

0.07

1.56

0.93

1.32

D750093

2024

Channel

0.02

43.70

0.15

0.65

1.65

1.31

D751159

2024

Grab

0.54

29.00

0.03

1.93

0.03

1.31

M217707

2025

Channel

0.03

35.15

0.46

1.41

0.94

1.30

M217591

2025

Channel

1.17

3.78

0.06

0.04

0.03

1.28

D751599

2024

Float

0.05

67.20

0.02

1.54

0.23

1.27

M217625

2025

Channel

0.35

20.84

0.55

0.02

0.61

1.22

M217673

2025

Channel

0.07

48.23

0.03

1.41

1.35

1.22

M217626

2025

Channel

0.84

17.58

0.18

0.00

0.02

1.22

M224854

2025

Grab

0.95

20.56

0.05

0.91

0.24

1.21

D750706

2025

Float

0.03

86.21

0.09

0.10

0.05

1.18

D750091

2024

Channel

0.02

56.00

0.13

0.07

1.40

1.18

D751193

2024

Grab

0.44

20.60

0.48

0.01

0.01

1.17

D750087

2024

Channel

0.14

37.00

0.00

1.49

0.91

1.15

D751945

2024

Grab

0.02

27.30

0.08

1.53

1.17

1.13

M217704

2025

Channel

1.07

1.61

0.02

0.01

0.02

1.11

M224856

2025

Grab

0.01

18.03

0.66

0.02

1.22

1.10

D750727

2025

Grab

0.00

28.20

0.83

0.00

0.02

1.07

D751835

2024

Chip

0.12

25.20

0.05

1.76

0.75

1.05

M224919

2025

Grab

0.86

8.94

0.03

0.17

0.01

1.03

M217602

2025

Channel

0.55

25.19

0.16

0.03

0.05

1.02

The Big One property is situated in a region that is well known for hosting Tier 1 precious metal and porphyry deposits, several of which occur near the property including the multiple porphyry systems at Galore Creek (12,159 million pounds of copper, 9.438 million ounces of gold, 174.086 million ounces of silver), the world’s largest known gold reserve at KSM (47.3 million ounces of gold, 160 million ounces of silver, 7.32 billion pounds of copper) and the polymetallic copper project at Shaft Creek (5 billion pounds of copper, 3.7 million ounces of gold, 16.4 million ounces of silver), as well as the Brucejack high-grade epithermal gold deposit (14 million ounces of gold, 91.8 million ounces of silver), and the structurally controlled high-grade hydrothermal gold-silver zones at Trophy and Sphal Creek. The property geology is favorable to host these types of deposits as confirmed by the presence of extensive areas of propylitic alteration, untested geophysical anomalies, strong silt, soil and rock geochemistry including path finder elements directly related to porphyry systems, key structures and textures, porphyry-style mineralization, and high-grade polymetallic veins, that have been discovered within the Big One claims.

The Big One property can be accessed year-round via helicopter from the Glenora/Telegraph Creek Road at the Barrington Mine (33 km to the north-northeast) as well as the Galore Creek Road (15 km to the southeast). The Canadian government committed $20 M to extend/improve the Galore Creek Road to within 15 km of the Big One property. The property is 2 km west of the Scud River airstrip used in the early days of Galore Creek.

The Big One property exploration qualifies for the Critical Mineral Exploration Tax Credit (CMETC).

The Company would like to extend a special thanks to the Tahltan First Nation, the local community, and service providers for supporting our efforts and contributing to the success of this year’s program. We look forward to continuing to work with the Tahltan First Nation and all local stakeholders and businesses while we move forward to unlocking the full potential of this amazing new discovery. WORKING TOGETHER WE SUCCEED!

About Juggernaut Exploration Ltd.

Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM, an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut’s key strategic cornerstone shareholder is Crescat Capital.

For more information, please contact:

Juggernaut Exploration Ltd.

Dan Stuart

President and Chief Executive Officer

Tel: (604)-559-8028

www.juggernautexploration.com

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Qualified Person

Rein Turna, P. Geo, is the qualified person as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

Other

The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.

Grab, channels, chip and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to MINFile locations, placer creek occurrences, regional soil anomalies, and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer, or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using hand-held GPS units (accuracy 3-10 meters) and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip, grab, etc.) and a description of the rock were recorded on all-weather paper. Samples are then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, certified reference materials, and duplicate samples are inserted regularly into the sample sequence at a rate of 10%.

All samples are transported in rice bags sealed with numbered security tags. The rice bags are transported from the core shacks to the MSALABS facilities in Terrace, BC. MSALABS is certified with both AC89-IAS and ISO/IEC Standard 17025:2017. The core samples undergo preparation via drying, crushing to ~70% of the material passing a 2 mm sieve and riffle splitting. The sample splits are weighed and transferred into three plastic jars, each containing between 300 g and 500 g of crushed sample material. A 250 g split is pulverized to ensure at least 85% of the material passes through a 75 µm sieve. The crushed samples are transported to the MSALABS PhotonAssayTM facility in Prince George, where gold concentrations are quantified via photon assay analysis (method CPA-Au1). Samples that result in gold concentrations ≥5 ppm are analyzed to extinction. Photon assay uses high-energy X-rays (photons) to excite atomic nuclei within the jarred samples, inducing the emission of secondary gamma rays, which are measured to quantify gold concentrations. The assays from all jars are combined on a weight-averaged basis. Multielement analyses are carried at the MSALABS facilities in Surrey, BC, where 250 g of pulverized splits are analyzed via ICF6xx and IMS-230 methods. The IMS-230 method uses 4-acid digestion (a combination of hydrochloric, nitric, perchloric and hydrofluoric acids) followed by inductively coupled plasma emission spectrometry to quantify concentrations of 48 elements. Samples with over-limit results for Ag, Cu, Pb and Zn undergo ore-grade analysis via the ICF-6xx method (where ‘xx’ denotes the target metal). This method employs 4-acid digestion followed by inductively coupled plasma emission spectrometry.

FORWARD LOOKING STATEMENT

Certain disclosures in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements.

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN it.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.

How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.

While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.

From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.

New 52-Week Highs Finally Picking Up

If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.

As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.

Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.

The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.

Trend Check: GoNoGo Still “Go”

The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.

Active Bullish Patterns

We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.

Failed Bearish Patterns

In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.

The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.

We’ll continue to monitor these formations as they develop because, at some point, that will change.

The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.

How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.

While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.

From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.

New 52-Week Highs Finally Picking Up

If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.

As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.

Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.

The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.

Trend Check: GoNoGo Still “Go”

The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.

Active Bullish Patterns

We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.

Failed Bearish Patterns

In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.

The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.

We’ll continue to monitor these formations as they develop because, at some point, that will change.

Here are some charts that reflect our areas of focus this week at


XLU Leads with New High

Even though the Utilities SPDR (XLU) cannot keep pace with the Technology SPDR (XLK) and Communication Services SPDR (XLC), it is in a leading uptrend. XLU formed a cup-with-handle from November to July and broke to new highs the last two weeks. ETFs hitting new highs are in strong uptrends and should be on our radar.


Metal Mania in 2025

In a tribute to Ozzy, metals are leading the way higher in 2025. The PerfChart below shows year-to-date performance for the continuous futures for 12 commodities. Copper, Platinum and Palladium are up more than 45% year-to-date, while Gold is up 28.38% and Silver is up 35.30%. QQQ is up 10.52% year-to-date, but lagging these metals. The other commodities are mixed.


Multi-Year Highs for Silver and Copper

The next chart shows 11 year bar charts for five metals. Gold broke out in early 2024 and led the metals move with an advance the last 21 months. Silver and copper broke out to multi-year highs. Platinum broke above its 2021 high and Palladium got in the action with an 18 month high. There is a clear message here: metals are moving higher and leading as a group.  


Home Construction Hits Moment of Truth

The Home Construction ETF (ITB) hit its moment of truth as it rose to its falling 40-week SMA. Notice that ITB failed just below this moving average in August 2023. During the 2023-2024 uptrend, the 40-week SMA was more friendly as ITB reversed near this level in October 2023 and June 2024. ITB surged to the falling 40-week SMA in July, but the long-term trend is down and this area could be its nemesis.

Thanks for Tuning in!

See TrendInvestorPro.com for more


Rich Checkan, president and COO of Asset Strategies International, shares his thoughts on the recent pullback in gold and silver prices, emphasizing that both still have room to run.

In his view, silver is set to outpace gold in 2026.

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

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Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) (the ‘Company’, or ‘Surface Metals’) has granted 250,000 options priced at $0.255 to a consultant, and directors and officers have voluntarily surrendered 499,999 options issued on April 14, 2022 at $3.84 (post consolidation).

As per the press release announced on October 29th, 2025, IDR Marketing Inc. ‘IDR’, has been retained for a six month period commencing October 29th to provide public relations strategies, brand awareness, financial and digital marketing services to the Company. IDR is a California Corporation with its registered office located at 100 Oceangate, 12th Floor, Long Beach, CA, USA, 90802. Its principal and president is Linda Josey, an arm’s-length party. Contact details: linda@idrmarketing.com (562) 343-7483.

IDR Marketing Inc. is an independent ad agency providing full-scale integrated marketing and advertising services. Clients trust IDR for brand strategy and awareness, digital marketing, social media and advertising, newswire distribution, article marketing,

About Surface Metals Inc.

Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) is a North American mineral exploration company focused on advancing a diversified portfolio of gold and lithium projects in Nevada, USA, and Manitoba, Canada. The Company’s Cimarron Gold Project is located in Nye County, Nevada, in a historically productive gold district. Surface’s Clayton Valley Lithium Brine Project hosts an inferred resource of approximately 302,900 tonnes LCE adjacent to Albemarle’s Silver Peak Mine. Surface Metals is also advancing lithium projects in Fish Lake Valley, Nevada, and through a joint venture with Snow Lake Energy in southeastern Manitoba.

On behalf of the Board of Directors

Steve Hanson
Chief Executive Officer, President, and Director
Telephone: (604) 564-9045
info@surfacemetals.com

Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release contains certain statements which may constitute forward-looking information within the meaning of applicable securities laws (‘forward-looking statements’). Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273738

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