Silicon Investor - Silver Bull Resources, Inc.

[LoneClone] SILVER BULL PROVIDES UPDATE ON ITS ARBITRATION CASE AGAINST MEXICO AND VOTING RE...

LoneClone — 4/17/2026 12:10:47 PM

SILVER BULL PROVIDES UPDATE ON ITS ARBITRATION CASE AGAINST MEXICO AND VOTING RESULTS OF THE ANNUAL MEETING OF SHAREHOLDERS

newswire.ca

News provided by Silver Bull Resources, Inc. Apr 16, 2026, 16:15 ET

OTCQB: SVBL, TSX: SVB

VANCOUVER, BC, April 16, 2026 /CNW/ - Silver Bull Resources, Inc. ("Silver Bull" or the "Company") is pleased to provide an update for its Arbitration case against the United States of Mexico ("Mexico") and the voting results of the annual meeting of shareholders ("AGM").

ARBTIRATION UPDATE

As previously reported, the Company commenced international arbitration proceedings against Mexico under the United States–Mexico–Canada Agreement ("USMCA") and the North American Free Trade Agreement ("NAFTA"). The arbitration was initiated under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States process, which falls under the auspices of the World Bank's International Centre for Settlement of Investment Disputes ("ICSID"), to which Mexico is a signatory.

The arbitration arises from Mexico's actions and omissions with respect to the illegal blockade of Silver Bull's Sierra Mojada Project, which commenced in September 2019, and remains ongoing.

As directed by the Arbitration Tribunal, upon completion of the hearing on October 10, 2025, in Washington, D.C., the Company and Mexico (the "Parties") provided their Post-Hearing Briefs on November 21, 2025. The Parties then filed their submissions on costs on December 5, 2025, and updated submission on costs on April 13, 2026.

The Tribunal has now advised the Parties that it will render its final award, in both English and Spanish, by the end of May 2026.

Silver Bull is represented in these proceedings by Boies Schiller Flexner LLP, a leading international law firm with extensive experience in investor-state arbitration and is financially supported by Bench Walk Advisors LLC via a Litigation Funding Agreement for up to US$9.5 million to finance the case and the running of the Company.

AGM VOTING RESULTS

The following are the detailed voting results of the proposals considered at its annual meeting of shareholders held earlier today (April 16, 2026) (the "Meeting"). A total of 12,021,655 or 24.4% of the Company's issued and outstanding shares were represented at the Meeting.

The following nominees, as listed in Silver Bull's proxy statement, were re-elected as directors of the Company:

Director	Votes For	%	Withheld Votes	%
Brian Edgar	6,326,616	98.3 %	110,896	1.7 %
Timothy Barry	6,326,620	98.3 %	110,892	1.7 %
David Underwood	6,337,859	98.5 %	99,653	1.6 %
William Matlack	6,326,501	98.3 %	111,011	1.7 %

Additionally, the Company's shareholders ratified and approved the appointment of Manning Elliott LLP, as the Company's independent registered public accounting firm, for the fiscal year ending October 31, 2026 (11,856,726 or 99.6% voted "For", 45,067 or 0.4% voted "Against" and 119,862 abstained from voting).

Full details of the proposals are fully described in the Company's definitive proxy statement filed on February 24, 2026 on EDGAR at www.sec.gov. The proxy statement is also available on SEDAR+ at www.sedarplus.ca.

On behalf of the Board of Directors

"Tim Barry"
Tim Barry, MAusIMM CP(Geo)
President and Chief Executive Officer and Director

Cautionary note regarding forward looking statements: This news release may contain certain information that is forward-looking and is subject to important risks and uncertainties (such statements include statements regarding the final approval of the Private Placement by the Exchange and other statements implying a future state which are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Any forward-looking statements in this document are intended to provide Silver Bull security holders and potential investors with information regarding Silver Bull, including management's assessment of Silver Bull's future plans and financial outlook. Any forward-looking statements reflect Silver Bull's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. There is no guarantee that the Company will be successful in obtaining Exchange approval in respect of the Private Placement, that any investors shall invest in the Private Placement on the terms outlined herein or at all. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the Company's filings under Silver Bull's profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

SOURCE Silver Bull Resources, Inc.

INVESTOR RELATIONS: 1 604 687 5800, info@silverbullresources.com

[LoneClone] ARRAS MINERALS ANNOUNCES RECOMMENCEMENT OF DRILLING AT ELEMES PROJECT IN KAZAKHS...

LoneClone — 2/20/2026 2:34:05 PM

ARRAS MINERALS ANNOUNCES RECOMMENCEMENT OF DRILLING AT ELEMES PROJECT IN KAZAKHSTAN

newswire.ca

News provided by Arras Minerals Corp. Feb 20, 2026, 06:00 ET

TSX-V: ARK / OTCQB: ARRKF

VANCOUVER, BC, Feb. 20, 2026 /CNW/ - Arras Minerals Corp. (TSXV: ARK) (OTCQB: ARRKF) ("Arras" or "Arras Minerals" or "the Company") is pleased to announce the recommencement of diamond drilling at the Elemes Project in northeastern Kazakhstan.

Figure 1: Berezski Trend showing Key Target Areas (CNW Group/Arras Minerals Corp.)

Figure 2. Elemes Project (Berezski East target) - two drill rigs operating February 19, 2026 (CNW Group/Arras Minerals Corp.)

Figure 3: Plan map of completed Arras diamond drill-holes and KGK results (AuEq). (CNW Group/Arras Minerals Corp.)

Figure 4. Berezski East Target with completed drill-holes and initial two holes planned for February 2026 (CNW Group/Arras Minerals Corp.)

Figure 5. Berezski North Target with completed drill-holes, and initial two holes planned for March 2026. (CNW Group/Arras Minerals Corp.)

Tim Barry, CEO of Arras Minerals commented, "The 2026 program at Elemes is off to a very strong start. Two rigs have just mobilised to site, with a further two rigs scheduled to arrive in March as we materially accelerate activity across the project. With approximately 20,000 metres of drilling planned this year, this represents our most ambitious program to date and reflects our growing confidence in the scale potential emerging at Elemes. Our focus is to rapidly advance and expand the Berezski North and Berezski Central discoveries while continuing to define the broader porphyry footprint. In parallel, we will begin systematically testing Berezski East and Novii targets to determine their relationship to the main porphyry centres, with the objective of unlocking the potential across the 10-kilometre Berezski Trend."

He went on to add, "The final Magneto-telluric and gravity survey results received in December have sharpened our targeting and provided greater conviction in the structural controls and scale of the system. Drilling to date has returned broad, near-surface intervals of copper and gold mineralization, reinforcing our view that Elemes has the potential to host a significant, large-scale porphyry system comparable to low-cost producing mines in Kazakhstan. We believe 2026 will be a transformative year for Arras as we continue to demonstrate the scale and continuity of this emerging copper-gold district."

Two diamond drill rigs have arrived on site, with the first two holes commencing at the Berezski East target, focusing on defining and expanding the wide zones of gold-copper mineralization intersected by holes EL24004 (138.8m grading 0.77 g/t Au and 0.09% Cu starting from a depth of 1.2m) and EL25019 (457.5m grading 0.61 g/t Au and 0.10% Cu from surface), and explore the prominent gravity anomaly located to the east-northeast of drill-hole EL25019.

Upon completion of these two holes, both drill-rigs will move up to drill at Berezski North, 4.5 kilometres northwest of Berezski East to follow-up on our previously announced holes EL25023 (246.2m grading 0.75 g/t Au, 0.24% Cu starting from a depth of 0.8m) and EL25014A (154.0m grading 0.72 g/t Au, 0.28% Cu starting at a depth of 130m), and to explore for the continuation of porphyry style bornite-chalcopyrite mineralization intersected by hole EL25027 (results pending).

Two more drill rigs will arrive at site March, and will commence drilling at Berezski Central, where the Company has completed nine holes and defined a zone of copper-gold mineralization measuring approximately 600m x 500m by up to 550m depth. The target remains open to the north and south and top-of-bedrock (KGK) drilling reported in December 2025 ( link) identified the continuation of gold and copper mineralization extending under cover to the east and west of the currently defined Berezski Central Target area.

Notes: For copper and gold equivalent calculations the following metal process were used: US$3.75/lb. Copper, US$3,000/oz Gold, US$35/oz Silver, US$30/lb Molybdenum, and metallurgical recoveries have been updated to Cu 90%, Au 85%, Ag 75%, Mo 80%. All intervals are presented as core lengths as the true thicknesses of mineralization is currently unknown.

Elemes Phase II Drill Program: Since June of last year, Arras Minerals has been advancing its 20,000m Phase II diamond drill program at the Elemes Project. Drilling was paused in late December for a scheduled winter break and recommenced in February. Nearly 10,000m were completed in 2025, and the strength of the results has prompted Arras to plan an expansion of the program to 30,000m, with completion targeted by the end of 2026.

Elemes Project Overview: The Elemes Project comprises two exploration licenses covering 531 square kilometres in northeast Kazakhstan, located approximately 13 km southwest of Ekibastuz and just 20 km from Arras's operational base. The project benefits from exceptional infrastructure, with a paved highway crossing the licence, and access to 1100 KVA power lines, heavy rail, and other utilities within a 15 km radius.

Situated within the prolific Bozshakol-Chingiz metallogenic belt, Elemes lies near significant regional deposits, including the Beskauga porphyry copper-gold-silver deposit (~80 km east) and KAZ Minerals' Bozshakol copper-gold mine (~60 km northwest), which reported mined grades in Q1 2025 of 0.37% Copper and 0.20 g/t gold. 1

Geologically, the property is underlain by interbedded intermediate volcanic and sedimentary rocks intruded by multiple phases of diorite and monzodiorite porphyry. Copper-gold mineralization occurs in sheeted and stockwork quartz-chalcopyrite veins associated with these intrusions. In addition, high-grade low-sulphidation epithermal veins have been mapped on the property, representing a secondary exploration target.

Property-wide soil sampling programs defined two extensive Cu-Mo-As geochemical anomalies: the Berezski and Aimandai Trends, both considered priority targets for follow-up exploration drilling. A Phase 1 drill program on the Berezski Trend in late 2024 returned high-grade porphyry/epithermal copper and gold mineralization in results announced in Q1 2025. A 20,000m Phase 2 drill program commenced in May 2025 which was expanded to 30,000 metres in January 2026 and is expected to be completed by the end of 2026.

References
1Bozshakol Q1, 2025 Report
https://edge.prnewswire.com/c/link/?t=0&l=en&o=4623686-1&h=2505326432&u=https%3A%2F%2Fkazminerals.com%2Fapp%2Fuploads%2F2025%2F12%2Fq3-2025-production-report_final.pdf&a=https%3A%2F%2Fkazminerals.com%2Fapp%2Fuploads%2F2025%2F12%2Fq3-2025-production-report_final.pdf

Quality Assurance and Quality Control

The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the Qualified Person.

Arras Minerals QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and field duplicates within the sample stream. Drill core is cut at Arras Minerals operations base in Ekibastuz, Kazakhstan by Company personnel. Diamond drill core was sawed in-half with a diamond saw, and then sampled in maximum 2-meter intervals, stopping at geological boundaries, with one-half placed in sealed bags and shipped to the laboratory and the other half retained on site.

Each bagged core sample was shipped to ALS Laboratory in Karaganda, Kazakhstan. Samples were dried, crushed and pulverized to >80% passing -200 mesh. The prepared sample splits were sent to the ALS Chemex's geochemical analysis laboratories laboratory in Loughrea, County Galway, Ireland and Lima, Peru for multi-element analysis. Multielement analyses were analyzed with ICP-MS following a four-acid digestion (method ME-MS61) and samples containing >1.0% copper are analyzed via method Cu-OG62.

Gold analysis was conducted by ALS Chemex at the analytical laboratory in Karaganda, Kazakhstan. Gold was analyzed by fire assay (30 g) with an AA (atomic absorption) finish (method Au-AA23) with detection limits of 0.005 g/t gold. Samples containing greater than 10.0 g/t gold are analyzed by fire assay with a gravimetric finish (method Au-GRA21).

ALS is an accredited laboratory which is independent of the Company. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.

Qualified Person

The scientific and technical disclosure for this news release has been prepared under supervision of and approved by Matthew Booth, Vice President of Exploration, of Arras Minerals Corp., a Qualified Person for the purposes of NI 43-101. Mr. Booth has reviewed and approved this release. Mr. Booth has over 20 years of mineral exploration experience and is a Qualified Person member of the American Institute of Professional Geologists (CPG 12044).

Gold, copper and other mineral equivalents are calculated on the basis specifically set forth in respect thereto in this presentation and are based upon the reasonable assumptions as to the prices of various metals and their recoveries thereof made by management of the Company on a project-by-project basis as converted metal. All drill-hole intervals are reported as drill widths, as true thicknesses are unknown. Assumed metal prices are: US$3.75/lb. Copper, US$3,000/oz Gold, US$35/oz Silver, & US$30/lb Molybdenum.

The Company has updated metal recoveries: 90% for copper, 85% for gold, 75% for silver, and 80% for molybdenum. These figures are based on a review of published data from advanced-stage porphyry projects (including Vizcachitas, Los Andes Copper; Copper Creek, Faraday Copper; Valeriano, ATEX Copper; Los Helados, NGEx Resources Inc.; Opemiska, XXIX Metal Corp; Costa Fuego, Hot Chili Limited; Moonlight-Superior, US Copper Corp; Warintza, Solaris Resources, Inc.; Chita Valley, Minsud Resources Corp.; Hat, Doubleview Gold Corp.).

Copper Equivalent ("CuEq") grades reported for the drill holes at Elemes were calculated using the following formula: CuEq % = ((Copper (%))*0.9) + ((Gold (g/t) x 0.8571)*0.85) + ((Silver (g/t) x 0.0117)*0.75) + ((Molybdenum (ppm) x 6.8568)*0.80).

Gold Equivalent ("AuEq") grades reported for the drill holes at Elemes were calculated using the following formula: AuEq g/t = ((Gold (g/t)*0.85) + ((Copper (%) x 1.1667)*0.9) + ((Silver (g/t) x 0.0136)*0.75) + ((Molybdenum (ppm) x 8.0)*0.80).

On behalf of the Board of Directors,

"Tim Barry"
Tim Barry, MAusIMM CP(Geo)
Chief Executive Officer and Director

Further information can be found on:

the Company's website https:// www.arrasminerals.com or
follow us on LinkedIn: https:// www.linkedin.com/company/arrasminerals or
follow us on X (formerly Twitter): edge.prnewswire.com

About Arras Minerals Corp: Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Elemes copper-gold porphyry project where initial drill results in 2025 identified porphyry style mineralization across a 10 km line of strike. The Company has established one of the largest land packages in the country prospective for copper and gold. The Company's shares are listed on the TSX-V under the trading symbol "ARK" and on the OTCQB under the trading symbol "ARRKF".

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras' future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras is in the process of undertaking, the timing, scope, nature, breadth and other information related to Arras' exploration program, any results that may be derived from the Arras' exploration program, the prospects of Arras' business plans, and any expectations with respect to any permitting, development or other work that may be required to bring any of the projects into development or production. These statements are based on current expectations, estimates, forecasts, and projections about Arras' exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras' management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, assumptions that the anticipated benefits of Arras' proposed exploration program will be realized, that no additional permit or licenses will be required in connection with Arras' exploration programs, the ability of Arras' to complete its exploration activities as currently expected and on the current anticipated timelines, that Arras' will be able to execute on its current plans, that Arras' proposed explorations will yield results as expected, and that general business and economic conditions will not change in a material adverse manner. Although Arras has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Such statements represent the current view of Arras with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Arras, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following: inability of Arras to realize the benefits anticipated from the exploration and drilling targets described herein or elsewhere; inability of Arras to complete current exploration plans as presently anticipated or at all; inability for Arras to economically realize on the benefits, if any, derived from the exploration program; failure to complete business plans as it currently anticipated; overdiversification of Arras' portfolio; failure to realize on benefits, if any, of a diversified portfolio; unanticipated changes in market price for Arras shares; changes to Arras' current and future business and exploration plans and the strategic alternatives available thereto; growth prospects and outlook of the business of Arras; and the ability to advance Arras' projects and its proposed exploration program; risks inherent in mineral exploration including risks related worker safety, weather and other natural occurrences, accidents, availability of personnel and equipment, and other factors; aboriginal title; failure to obtain regulatory and permitting approvals; no known mineral resources/reserves; reliance on key management and other personnel; competition; changes in laws and regulations; uninsurable risks; delays in governmental and other approvals, community relations; stock market conditions generally; demand, supply and pricing for uranium; and general economic and political conditions in Canada, Kazakhstan and other jurisdictions where Arras conducts business. Other factors which could materially affect such forward-looking information are described in the filings of Arras with the Canadian securities regulators which are available on Arras' profile on SEDAR+ at www.sedarplus.ca. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by Arras in this release is based only on information currently available and speaks only as of the date on which it is made. Arras undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

SOURCE Arras Minerals Corp.

INVESTOR RELATIONS: +1 604 687 5800, info@arrasminerals.com

[LoneClone] ARRAS MINERALS UPDATES ON STRATEGIC ALLIANCE AND OUTLINES EXPLORATION PLAN FOR ...

LoneClone — 2/9/2026 4:10:56 PM

ARRAS MINERALS UPDATES ON STRATEGIC ALLIANCE AND OUTLINES EXPLORATION PLAN FOR 2026 IN KAZAKHSTAN

newswire.ca

News provided by Arras Minerals Corp. Feb 09, 2026, 06:00 ET

VANCOUVER, BC, Feb. 9, 2026 /CNW/ - Arras Minerals Corp. (TSXV: ARK) (OTCQB: ARRKF) ("Arras" or "Arras Minerals" or "the Company") is pleased to provide an update on the Strategic Alliance with Teck Resources Limited ("Teck") and the exploration plan for 2026 across this license package in Kazakhstan.

Figure 1: Soil (small points) and KGK (large points) Copper values with principal exploration targets. (CNW Group/Arras Minerals Corp.)

Figure 2: Package A concessions with principal exploration targets, historic chargeability anomalies and completed IP and VIP surveys. (CNW Group/Arras Minerals Corp.)

Figure 3: Shirderty Target showing completed drill-holes overlain on VIP chargeability anomaly and KGK Copper values. (CNW Group/Arras Minerals Corp.)

Figure 4: Bozshakol South Target showing completed drill-holes, completed IP lines and historic chargeability anomalies, overlain on soil pXRF copper values. (CNW Group/Arras Minerals Corp.)

Figure 5: Tort Kuduk target with completed drill-holes overlain on soil pXRF Cu data and historic chargeability anomalies (contours). (CNW Group/Arras Minerals Corp.)

Figure 6: Location of the Bozshakol Extension Target related to historic chargeability anomalies and Bozshakol Mine. Arras License areas in shaded grey blocks. (CNW Group/Arras Minerals Corp.)

Figure 7: Akkuduk licenses with principal targets overlain on interpreted geology. (CNW Group/Arras Minerals Corp.)

Figure 8: Besshoky Target with completed drill-holes, showing chargeability and geochemical anomalies overline on airborne magnetic data (reduced to pole). (CNW Group/Arras Minerals Corp.)

Figure 9: Besshoky Target with planned MT and gravity stations and completed drill-holes. (CNW Group/Arras Minerals Corp.)

10: Nogurbek License showing historic drill-holes and principal targets overlain on pXRF Nickel soil data. (CNW Group/Arras Minerals Corp.)

Figure 11: Section through Akkuduk Target, showing historic gold intercepts. Exact locations of these drill-holes are unknown. (CNW Group/Arras Minerals Corp.)

Figure 12: Plan map showing historic drill collars located in the field by Arras geologists and planned geophysics surveys. (CNW Group/Arras Minerals Corp.)

Figure 13: Arras Minerals Elemes Project and project portfolio with reference to the Bozshakol copper mine located in Pavlodar, Northeastern Kazakhstan(1) (CNW Group/Arras Minerals Corp.)

In December 2023, Teck and Arras Minerals entered into a Strategic Alliance Agreement focusing on exploration for copper across approximately 1,900 square kilometres ("sq km") of Arras' strategically located license package in Pavlodar region, Kazakhstan. Under the agreement, Teck has funded approximately US$5 million of exploration expenditure across the license package with Arras acting as manager for the two-year generative exploration programs. At the completion of the generative exploration phase, Teck retained an option to select up to four designated properties totaling 120 sq km each where Teck would fund exploration expenditures up to US$47.5 million per project to earn up to a 75% interest in each project. Teck has elected to terminate its option on the Strategic Alliance. The staged option required Teck to select at least one designated project with an exploration commitment of up to US$47.5 million to earn up to a 75% project interest.

Highlights of the two-year generative exploration program include:

Three new porphyry discoveries along a 54km long porphyry trend running parallel to the Bozshakol Copper-Gold Mine Trend
Large hydrothermal system defined at Besshoky Project showing distal porphyry stylealteration and mineralization
Geochemistry: 39,773 soil samples collected across the property
Geophysics:
- Regional airborne air magnetic survey
- 3,641.71 line-kilometre Heli-EM survey conducted over Package A property and P39 Target (Akkuduk Property). o 181.4 sq km VIP survey conducted o 135.4 line-kilometre Pole-Dipole (P-DP) Inducted Polarization survey completed
Drilling o 479 Top of Bedrock ("KGK") drill-holes totaling 12,555.2m completed o 18 diamond drill-holes, totalling 5,250.6m drilled to date
Significant mineralized intercepts returned from 3 targets, including:
- SHID_25_007 – 14.8m grading 0.13% Cu and 0.02 g/t Au
- BOZS_25_001 – 29.0m grading 0.11% Cu and 0.02 g/t Au o TORT_25_003 – 34.0m grading 0.25 g/t Au and 0.02% Cu

Stuart McCracken, Vice-President, Exploration, Teck commented, "We have been very pleased with the quality and quantity of exploration work that has been achieved across the Arras-Teck Strategic Alliance over the past two years which efficiently identified, prioritized and drilled six targets across the alliance license package. While Teck has decided that the initial results do not meet our threshold for moving forward at this time with the second phase of the agreement, we remain very positive on Kazakhstan and remain a supportive shareholder of Arras as they continue to advance the Elemes copper-gold project as well as other priority projects across their extensive land package."

Tim Barry, CEO of Arras commented, "The Arras-Teck Strategic Alliance has been a mutually beneficial partnership, and we look forward to continuing to work closely with Teck as a supportive and significant shareholder while we expand the scale of our Elemes Project." He went on to add, "The generative exploration work that was accomplished with Teck's financial support has achieved the objective of taking a substantial 1,900 square kilometre land package and focusing us on a much smaller, high-priority target list. We believe many of these targets warrant further follow-up work in 2026 and have developed a plan to do this. Additionally, some of the precious metals focused targets that were not advanced last year have the potential to move to drill-ready status this year with successful follow-up fieldwork this spring."

Exploration Results – Overview & 2026 Plan

Through 2024-2025, the Strategic Alliance undertook a systematic approach to early-stage generative exploration work across the license packages focusing on first-pass geophysics and geochemistry and then transitioning to KGK drilling and diamond drilling where appropriate with a primary focus on exploring for copper porphyry systems.

Across the license packages, there is very little to no outcrop with unconsolidated cover usually ranging from a few metres to up to 40m in thickness. Given this, and the sheer size of the combined license packages of approximately 1,900 sq km, the objective of the Strategic Alliance was to advance understanding to a point where targets could be identified for an initial phase of testdrilling. A total of 18 holes were completed across six targets with a maximum depth of 400m.

The generative program has successfully identified three new porphyry systems, under cover and on a parallel trend to the operating Bozshakol copper-gold mine. The length of this trend is believed to extend at least 54 km and thus the first phase of relatively shallow drilling here will be followed up in 2026. Additionally, at the Besshoky license, a large hydrothermal system was confirmed, with drilling identifying mineralization and alteration peripheral to the core of a porphyry system.

Finally, with focus on copper porphyry systems, the Strategic Alliance did not advance on initial targets identified to be more precious metals oriented. Arras plans to include these targets in their 2026 Exploration Plans.

Package A – Bozshakol Group

On Package A, in 2024 a Heli-EM survey was completed over the entire property which was designed to discover subsurface electrical conductivity contrasts that could be indicative of mineral deposits and geological structures to prioritize targets for follow-up exploration.

In the western part of the license package, where cover was minimal, a 26,731-soil sampling program was completed. In the eastern part of the license package, where soil cover was thicker, a systematic grid of KGK drilling totaling 479 holes (12,555.2m) was undertaken to identify any mineralization beneath cover and to learn more about the subsurface geology in these areas.

In early 2025, Vector IP and Pole-dipole IP programs were completed over the most prospective targets and diamond drilling across select targets commenced in H2 2025.

Shirderty Target

The KGK drilling outlined a large Cu-Au-Mo-Bi-Te anomaly in a NE-SW striking structural corridor, coincident with a 4km x 3.2km chargeability anomaly identified by the VIP survey.

Diamond drilling (8 holes, totaling 2,159.4m) intersected several phases of intrusive rocks and several syn-mineral porphyry dikes hosted in mafic volcaniclastic rocks with extensive hydrothermal alteration with porphyry-style mineralization. Alteration and mineralization were characterized by a core of phyllic alteration with 3-5% disseminated pyrite, with D- and B-Type veins that zone out into an extensive propylitic event characterized by quartz-pyrite-chalcopyrite-albite-chlorite veins. The results are indicative of the peripheral part of a porphyry system, and the 2025 drilling only tested a small part of the target.

Table 1: Selected drill results, Shirderty Target

Hole_ID	mFrom	mTo	Interval	Au g/t	Ag g/t	Cu pct	Mo ppm
SHID_25_001	40.00	50.00	10.00	0.03	0.3	0.10	16.7
SHID_25_006	103.70	107.20	3.50	0.03	0.5	0.10	1.6
SHID_25_007	9.00	23.80	14.80	0.02	0.1	0.13	9.3

The Company is planning to conduct an MT and Gravity survey over the Shirderty target, with follow-up diamond drilling to explore for the source of porphyry alteration and mineralization and to explore several additional chargeability and KGK geochemical anomalies.

Bozshakol South ("Boz S") Target

The Boz S target is defined by a 3x2km wide chargeability anomaly in Soviet-era data centered on a small gold-barite mineral occurrence that was historically thought to be a volcanogenic massive sulphide deposit. The area was tested with a single IP line that confirmed the size and scale of the historic chargeability anomaly, and sampling identified large soil Cu, As, Mo anomalies coincident with high chargeability zone.

This target was only explored by two wide-spaced drill-holes that intersected an intrusive complex with phyllic and propylitic alteration indicative of the distal part of a porphyry system. Mineralization consisted of disseminated pyrite, with minor magnetite patches with zones of quartz-pyrite-chalcopyrite veins and C-type veins, again supporting the theory that there is a porphyry system in the area.

Table 2: Selected drill results, Boz S Target

Hole_ID	mFrom	mTo	Interval	Au g/t	Ag g/t	Cu pct	Mo ppm
BOZS_25_001	188.00	217.00	29.00	0.02	0.2	0.11	16.7
BOZS_25_001	249.00	267.00	18.00	0.07	0.3	0.11	21.1
BOZS_25_002	251.35	270.00	18.65	0.03	0.2	0.10	2.1

The target was only partly tested with two holes (593.8 metres) to a depth of 300m. The geophysical and geochemical anomaly is untested to the southwest along a multi-kilometre soil copper anomaly, IP chargeability high and magnetic low, that may represent the magnetite destructive zone that hosts Cu-Au mineralization at other projects in the area. The Company is planning on following up with a gravity and MT survey over the Soviet-era IP anomaly, with follow-up diamond drilling.

Tort Kuduk Target

The Tort Kuduk target is a 1 x 1 km sized Mo-Cu soil anomaly. Follow-up mapping identified several outcropping silicified intrusions with high density stockwork quartz veining and strong potassic alteration.

The target was drilled with three wide-spaced drill-holes totaling 893.8m to a maximum depth of 300m, that intersected a porphyritic monzonite hosted in andesites with zones of stockwork A- and B-type veins with k-feldspar halos. Drill-hole TORT25003 intersected a wide zone of silicification and brecciation that returned 34.0m grading 0.25 g/t Au and 113.0 ppm Mo.

Table 3: Selected results from Tort Kuduk Drilling

Hole_ID	mFrom	mTo	Interval	Au g/t	Ag g/t	Cu pct	Mo ppm
TORT_25_003	171.00	205.00	34.00	0.25	0.4	0.02	113.8

Arras is planning on conducting a ground magnetic survey over the Tort Kuduk target and the large copper geochemical anomaly to the southwest to better define targets for follow-up drilling.

Undrilled Targets

Bozshakol Extension

Arras controls an approximate 1.2km extension of the operating Bozshakol copper-gold mine trend which covers a discrete magnetic high surrounded by a large, demagnetized zone, with a coincident historic chargeability anomaly. KGK drilling returned porphyry pathfinder signatures, and magnetic data identified a subtle magnetic high in a large, demagnetized zone, that could be related to the potassic core of a porphyry deposit. An initial drill program with two holes is planned to test this area for porphyry mineralization.

Package B – Akkuduk Group

Exploration in the Package B group of concessions focused primarily on the Besshoky license. A small (145.73 line-kilometre) Heli-EM survey was also conducted over the P39 Nickel target on the Nogurbek license.

Besshoky Target

The Besshoky target is a broad hydrothermal system covering >35 sq km with a core of silicification and pyrophyllite-white mica, sericite-quartz-pyrite and grading to chlorite-epidote-magnetite alteration towards the edges of the system.

Soil sampling defined a large Cu-Mo-Bi geochemical anomaly centred on this lithocap. Follow-up IP surveys, totalling 47.5 line-kilometres, identified several large chargeability anomalies beneath and adjacent to it.

In 2025, three wide-spaced holes were drilled in the lithocap. The holes intersected a package of andesitic volcanic breccias and andesite flows with strong sericite-quartz-pyrite alteration with an increase in potassic alteration with depth, suggesting that the core of the system is located towards the south-east part of the lithocap, and was not fully drill tested.

The drilling only partially tested the IP chargeability and geochemistry anomalies. The Company is planning a Magnetotellurics (MT) and Gravity survey over the Besshoky Target to help identify deep targets for follow-up vectoring and drill-testing.

Undrilled Targets

Akkuduk-Nogurbek

The Akkuduk-Nogurbek target received minimal attention in 2025, with work restricted to surface mapping. The Company also surveyed several Soviet era drill-collars in the field and was able to obtain summary reports and sections listing some results from these holes. The historic data indicates that there were significant gold intercepts hosted in diorites, including:

30.5 m grading 1.65 g/t Au
30.2 m grading 1.07 g/t Au
19.8 m grading 1.2 g/t Au

The Akkuduk Target is also highlighted by a minor Cu-Mo soil anomaly with a coincident significant Ni-Mn depletion zone.

This data suggests that there is good potential for this target to host significant gold mineralization. In 2026 the company will conduct IP surveys over the areas with historic drilling to help identify mineralization and will also follow-up with a drill program focusing on confirming the historic drill data and determine the size potential of this target.

P39

The Company believes that the P39 target may host an orthomagmatic nickel sulphide deposit. Soil sampling in 2023 defined a 14-kilometre-long Ni-Cr-Co anomaly (figure 10) and a small EM survey conducted in 2024 identified a series of subtle EM anomalies coincident with the core of the Ni-Cr zone and may represent sulphide mineralization.

In 2026, the company is planning on conducting a detailed mapping and sampling program, with a focused IP survey over the soil anomalies and EM targets, as well as VIP surveys of the Akkuduk and Nogurbek targets. If the results are positive, this will be followed up with a small drill program.

_________________________

1 Bozshakol Q1, 2025 Report edge.prnewswire.com - 2025 - production - report_final.pdf

Issuance of DSUs

The Company has granted an aggregate of 47,018 deferred share units ("DSU") to certain independent directors at a price of C$0.80 per DSU. The DSUs were granted in consideration for services rendered by the directors for the quarter ended January 31, 2026, in lieu of cash. The DSUs were granted in accordance with the Company's Equity Incentive Plan and were priced based on the volume weighted average price of the Company's common shares on the TSX Venture Exchange for the last five trading days immediately preceding the grant date. To date, the Company has issued a total of 158,538 DSUs to its independent directors.

References

Quality Assurance and Quality Control

The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the Qualified Person.

Arras Minerals QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and field duplicates within the sample stream. Drill core is cut at Arras Minerals operations base in Ekibastuz, Kazakhstan by Company personnel. Diamond drill core was sawed inhalf with a diamond saw, and then sampled in maximum 2-metre intervals, stopping at geological boundaries, with one-half placed in sealed bags and shipped to the laboratory and the other half retained on site.

Each bagged core sample was shipped to ALS Laboratory in Karaganda, Kazakhstan. Samples were dried, crushed and pulverized to >80% passing -200 mesh. The prepared sample splits were sent to the ALS Chemex's geochemical analysis laboratories laboratory in Loughrea, County Galway, Ireland and Lima, Peru for multi-element analysis. Multielement analyses were analyzed with ICP-MS following a four-acid digestion (method ME-MS61) and samples containing >1.0% copper are analyzed via method Cu-OG62.

Gold analysis was conducted by ALS Chemex at the analytical laboratory in Karaganda, Kazakhstan. Gold was analyzed by fire assay (30 g) with an AA (atomic absorption) finish (method Au-AA23) with detection limits of 0.005 g/t gold. Samples containing greater than 10.0 g/t gold are analyzed by fire assay with a gravimetric finish (method Au-GRA21).

ALS is an accredited laboratory which is independent of the Company. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.

Qualified Person

The scientific and technical disclosure for this news release has been prepared under supervision of and approved by Matthew Booth, Vice President of Exploration, of Arras Minerals Corp., a Qualified Person for the purposes of NI 43-101. Mr. Booth has reviewed and approved this release. Mr. Booth has over 20 years of mineral exploration experience and is a Qualified Person member of the American Institute of Professional Geologists (CPG 12044).

On behalf of the Board of Directors,

"Tim Barry"
Tim Barry, MAusIMM CP(Geo)
Chief Executive Officer and Director

INVESTOR RELATIONS: +1 604 687 5800
info@arrasminerals.com

Further information can be found on:

the Company's website edge.prnewswire.com or
follow us on LinkedIn: edge.prnewswire.com or
follow us on X (formerly Twitter): edge.prnewswire.com

About Arras Minerals Corp: Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Elemes copper-gold porphyry project where initial drill results in 2025 identified porphyry style mineralization across a 10 km line of strike. The Company has established one of the largest land packages in the country prospective for copper and gold. The Company's shares are listed on the TSX-V under the trading symbol "ARK" and on the OTCQB under the trading symbol "ARRKF".

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras' future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras is in the process of undertaking, the timing, scope, nature, breadth and other information related to Arras' exploration program, any results that may be derived from the Arras' exploration program, the prospects of Arras' business plans, and any expectations with respect to any permitting, development or other work that may be required to bring any of the projects into development or production. These statements are based on current expectations, estimates, forecasts, and projections about Arras' exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras' management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, assumptions that the anticipated benefits of Arras' proposed exploration program will be realized, that no additional permit or licenses will be required in connection with Arras' exploration programs, the ability of Arras' to complete its exploration activities as currently expected and on the current anticipated timelines, that Arras' will be able to execute on its current plans, that Arras' proposed explorations will yield results as expected, and that general business and economic conditions will not change in a material adverse manner. Although Arras has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Such statements represent the current view of Arras with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Arras, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following: inability of Arras to realize the benefits anticipated from the exploration and drilling targets described herein or elsewhere; inability of Arras to complete current exploration plans as presently anticipated or at all; inability for Arras to economically realize on the benefits, if any, derived from the exploration program; failure to complete business plans as it currently anticipated; overdiversification of Arras' portfolio; failure to realize on benefits, if any, of a diversified portfolio; unanticipated changes in market price for Arras shares; changes to Arras' current and future business and exploration plans and the strategic alternatives available thereto; growth prospects and outlook of the business of Arras; and the ability to advance Arras' projects and its proposed exploration program; risks inherent in mineral exploration including risks related worker safety, weather and other natural occurrences, accidents, availability of personnel and equipment, and other factors; aboriginal title; failure to obtain regulatory and permitting approvals; no known mineral resources/reserves; reliance on key management and other personnel; competition; changes in laws and regulations; uninsurable risks; delays in governmental and other approvals, community relations; stock market conditions generally; demand, supply and pricing for uranium; and general economic and political conditions in Canada, Kazakhstan and other jurisdictions where Arras conducts business. Other factors which could materially affect such forward-looking information are described in the filings of Arras with the Canadian securities regulators which are available on Arras' profile on SEDAR+ at www.sedarplus.ca . Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by Arras in this release is based only on information currently available and speaks only as of the date on which it is made. Arras undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

SOURCE Arras Minerals Corp.

[FreedomForAll] Teck has elected to terminate its option on Arras properties in Kazakhstan. htt...

FreedomForAll — 2/9/2026 3:15:42 PM

Teck has elected to terminate its option on Arras properties in Kazakhstan.

https://finance.yahoo.com/news/arras-minerals-updates-strategic-alliance-110000041.html

In December 2023, Teck and Arras Minerals entered into a Strategic Alliance Agreement focusing on exploration for copper across approximately 1,900 square kilometres ("sq km") of Arras' strategically located license package in Pavlodar region, Kazakhstan. Under the agreement, Teck has funded approximately US$5 million of exploration expenditure across the license package with Arras acting as manager for the two-year generative exploration programs. At the completion of the generative exploration phase, Teck retained an option to select up to four designated properties totaling 120 sq km each where Teck would fund exploration expenditures up to US$47.5 million per project to earn up to a 75% interest in each project. Teck has elected to terminate its option on the Strategic Alliance. The staged option required Teck to select at least one designated project with an exploration commitment of up to US$47.5 million to earn up to a 75% project interest.

Stuart McCracken, Vice-President, Exploration, Teck
"We have been very pleased with the quality and quantity of exploration work that has been achieved across the Arras-Teck Strategic Alliance over the past two years which efficiently identified, prioritized and drilled six targets across the alliance license package. While Teck has decided that the initial results do not meet our threshold for moving forward at this time with the second phase of the agreement, we remain very positive on Kazakhstan and remain a supportive shareholder of Arras as they continue to advance the Elemes copper-gold project as well as other priority projects across their extensive land package."

[FreedomForAll] Well, now showing 6.25 million shares bid to buy at .2311 and 250k shares ask to...

FreedomForAll — 1/28/2026 10:31:24 AM

Well, now showing 6.25 million shares bid to buy at .2311
and 250k shares ask to sell at .2396

[LoneClone] You ask excellent questions for which I Have no answers. I will say that people...

LoneClone — 1/27/2026 4:31:39 PM

You ask excellent questions for which I Have no answers.

I will say that people often sell shares for reasons which have nothing to do with the company. Maybe their kid is going to an expensive university, or they have a potentially lucrative real estate deal they need the money for, or...

I have been thinking of calling the company to see why we have not received an update on the arbitration. It' s been a while.

LC

[FreedomForAll] Haven't followed Silver Bull in a long time, but just noticed the ask vs bid tod...

FreedomForAll — 1/27/2026 2:43:05 PM

Haven't followed Silver Bull in a long time, but just noticed the ask vs bid today.
It has 6.5 million shares apparently for sale at the ask of 0.2436.
If this is accurate, who (other than management) might have such a large block of shares for sale
and if there is any upside to the arbitration why sell at this level?

[LoneClone] When I first bought shares the symbol was MMGG.OB, if I remember right. A group...

LoneClone — 10/24/2025 1:11:01 PM

When I first bought shares the symbol was MMGG.OB, if I remember right.

A group of local criminals has made it impossible for SVB to access Sierra Mojada for some years. That the Mexican government has done nothing about it is the reason for the arbitration claim.

You also may not know that SVB management's main focus has become Arras Minerals aka ARK, which has been doing very well drilling up copper/gold prospects in Kazakhstan.

I have been enable to extract any indication of what SVB will do with any money they are awarded. They could buy another property, or pay a special dividend to shareholders, or...

The SVB story has become much more complicated while your attention was elsewhere. From what I have been able to gather the blockaders are unpopular with the locals, but they have been intimidated into keeping quiet.

LC

[roto] caseresearch.substack.com Silver Bull Resources (SVB.TO)17-31x upside arbitratio...

roto — 10/24/2025 3:16:29 AM

caseresearch.substack.com
Silver Bull Resources (SVB.TO)17-31x upside arbitration case with excellent team track record and a favorable argument!

interesting article..
what gets me is the one question I never asked Merlin.. when will the mining begin?
his answer would have saved me a lot of frustration.
I see why the locals are not happy.

[roto] .. now worthless Sierra Mojada is SVB's only asset please explain. I mean Sierr...

roto — 10/23/2025 4:41:28 PM

.. now worthless Sierra Mojada is SVB's only asset

please explain. I mean Sierra Mojada just sits there untouched.. much higher $ zinc & silver waiting.
doesn't Silver Bull have the ownership rights to the resource.

(sorry, I haven't kept up with the Bull in a lot of years. had to look for my 1st post, 01/26/2007. Metalline Mining)

[LoneClone] SILVER BULL PROVIDES UPDATE ON ITS ARBITRATION CASE AGAINST MEXICO ...

LoneClone — 10/15/2025 2:48:51 PM

SILVER BULL PROVIDES UPDATE ON ITS ARBITRATION CASE AGAINST MEXICO

newswire.ca

News provided by Silver Bull Resources, Inc. Oct 14, 2025, 16:30 ET

OTCQB: SVBL, TSX: SVB

VANCOUVER, BC, Oct. 14, 2025 /CNW/ - Silver Bull Resources, Inc. ("Silver Bull" or the "Company") is pleased to report that the 5-day hearing for its Arbitration case against the United States of Mexico ("Mexico") was completed on October 10, 2025, in Washington, D.C.

As reported in Silver Bull's June 29, 2023 news release, the Company commenced international arbitration proceedings against Mexico under the United States–Mexico–Canada Agreement ("USMCA") and the North American Free Trade Agreement ("NAFTA"). The arbitration has been initiated under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States process, which falls under the auspices of the World Bank's International Centre for Settlement of Investment Disputes ("ICSID"), to which Mexico is a signatory.

The arbitration arises from Mexico's actions and omissions with respect to the illegal blockade of Silver Bull's Sierra Mojada Project, which commenced in September 2019 and remains ongoing.

Upon completion of the hearing, the Arbitration Tribunal directed the Company and Mexico (the "Parties") to provide their Post-Hearing Briefs by November 21, 2025. The Parties are then directed to file their submissions on costs by December 5, 2025. Upon completion of these submissions, the Tribunal will close the proceedings and render its final award as soon as practicable.

Silver Bull is represented in these proceedings by Boies Schiller Flexner LLP ("BSF"), a leading international law firm with extensive experience in investor-state arbitration and is financially supported by Bench Walk Advisors LLC via a Litigation Funding Agreement for up to US$9.5 million to finance the case and the running of the Company.

BACKGROUND TO THE CLAIM:

Silver Bull officially notified Mexico on March 2, 2023 of its intention to initiate an arbitration because of Mexico's breaches of NAFTA by unlawfully expropriating Silver Bull's investments without compensation, failing to provide Silver Bull and its investments with fair and equitable treatment or full protection and security, and not upholding NAFTA's national treatment and most favored nation standards.

Silver Bull held a meeting with Mexican government officials in Mexico City on May 30, 2023, in an attempt to explore amicable settlement options and avoid arbitration. However, the 90-day period for amicable settlement under NAFTA expired on June 2, 2023, without reaching an agreement.

Despite repeated demands and requests for action by the Company, Mexico's governmental agencies have allowed the unlawful blockade to continue to this day, thereby failing to protect Silver Bull's investments.

THE SIERRA MOJADA DEPOSIT: Silver Bull's only asset is the Sierra Mojada deposit located in Coahuila, Mexico. Sierra Mojada is an open pittable oxide deposit with a NI 43-101 compliant Measured and Indicated "global" Mineral Resource of 70.4 million tonnes grading 3.4% zinc and 38.6 g/t silver for 5.35 billion pounds of contained zinc and 87.4 million ounces of contained silver. Included within the "global" Mineral Resource is a Measured and Indicated "high grade zinc zone" of 13.5 million tonnes with an average grade of 11.2% zinc at a 6% cutoff, for 3.336 billion pounds of contained zinc, and a Measured and Indicated "high grade silver zone" of 15.2 million tonnes with an average grade of 114.9 g/t silver at a 50 g/t cutoff for 56.3 million contained ounces of silver. Mineralization remains open in the east, west, and northerly directions.

For a full summary of the Sierra Mojada resource, please refer to Silver Bull's news release located at the following link:

edge.prnewswire.com

On behalf of the Board of Directors

"Tim Barry"
Tim Barry, MAusIMM CP(Geo)
President and Chief Executive Officer and Director

Cautionary note regarding forward looking statements: This news release may contain certain information that is forward-looking and is subject to important risks and uncertainties (such statements include statements regarding the final approval of the Private Placement by the Exchange and other statements implying a future state which are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Any forward-looking statements in this document are intended to provide Silver Bull security holders and potential investors with information regarding Silver Bull, including management's assessment of Silver Bull's future plans and financial outlook. Any forward-looking statements reflect Silver Bull's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. There is no guarantee that the Company will be successful in obtaining Exchange approval in respect of the Private Placement, that any investors shall invest in the Private Placement on the terms outlined herein or at all. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the Company's filings under Silver Bull's profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

SOURCE Silver Bull Resources, Inc.

INVESTOR RELATIONS: 1 604 687 5800, info@silverbullresources.com

[LoneClone] So we wait. First up will be the decision of the arbitration panel, which will...

LoneClone — 10/1/2025 2:43:24 PM

So we wait.

First up will be the decision of the arbitration panel, which will take some time to be rendered. Then we will wait to hear what SVB will do with any money they collect. There are several ways this could go. Since now worthless Sierra Mojada is SVB's only asset, they could wind up the company and distribute the award to shareholders. Or the money could be used to acquire another asset for SVB to work on, but since SVB's management is busy right now with their work at Arras Resources, this seems less likely.

LC

[LoneClone] SILVER BULL PROVIDES UPDATE ON ITS ARBITRATION CASE AGAINST MEXICO ...

LoneClone — 10/1/2025 2:30:28 PM

SILVER BULL PROVIDES UPDATE ON ITS ARBITRATION CASE AGAINST MEXICO

newswire.ca

News provided by Silver Bull Resources, Inc. Oct 01, 2025, 05:00 ET

OTCQB: SVBL, TSX: SVB

VANCOUVER, BC, Oct. 1, 2025 /CNW/ - Silver Bull Resources, Inc. ("Silver Bull" or the "Company") is pleased to report that the hearing for its Arbitration case against the United States of Mexico ("Mexico") will commence on October 6, 2025, in Washington, D.C., and will conclude no later than October 11, 2025.

As reported in Silver Bull's June 29, 2023 news release, the Company commenced international arbitration proceedings against Mexico under the United States–Mexico–Canada Agreement ("USMCA") and the North American Free Trade Agreement ("NAFTA"). The arbitration has been initiated under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States process, which falls under the auspices of the World Bank's International Centre for Settlement of Investment Disputes ("ICSID"), to which Mexico is a signatory.

The arbitration arises from Mexico's refusal to take action with respect to the illegal blockade of Silver Bull's Sierra Mojada Project, which commenced in September 2019 and remains ongoing.

Silver Bull is represented in these proceedings by Boies Schiller Flexner LLP ("BSF"), a leading international law firm with extensive experience in investor-state arbitration and is financially supported by Bench Walk Advisors LLC via a Litigation Funding Agreement for up to US$9.5 million to finance the case and the running of the Company.

The Management of Silver Bull is confident in its legal position and looks forward to presenting its case at the upcoming hearing in Washington, D.C. On completion of the hearing, it is customary for an Arbitration Tribunal to deliver its findings within approximately six months following the hearing, although this timing may vary.

BACKGROUND TO THE CLAIM:

Silver Bull officially notified Mexico on March 2, 2023 of its intention to initiate an arbitration owing to Mexico's breaches of NAFTA by unlawfully expropriating Silver Bull's investments without compensation, failing to provide Silver Bull and its investments with fair and equitable treatment or full protection and security, and not upholding NAFTA's national treatment standard.

Silver Bull held a meeting with Mexican government officials in Mexico City on May 30, 2023, in an attempt to explore amicable settlement options and avoid arbitration. However, the 90-day period for amicable settlement under NAFTA expired on June 2, 2023, without a resolution.

Despite repeated demands and requests for action by the Company, Mexico's governmental agencies have allowed the unlawful blockade to continue to this day, thereby failing to protect Silver Bull's investment.

THE SIERRA MOJADA DEPOSIT: Silver Bull's only asset is the Sierra Mojada deposit located in Coahuila, Mexico. Sierra Mojada is an open pittable oxide deposit with a NI 43-101 compliant Measured and Indicated "global" Mineral Resource of 70.4 million tonnes grading 3.4% zinc and 38.6 g/t silver for 5.35 billion pounds of contained zinc and 87.4 million ounces of contained silver. Included within the "global" Mineral Resource is a Measured and Indicated "high grade zinc zone" of 13.5 million tonnes with an average grade of 11.2% zinc at a 6% cutoff, for 3.336 billion pounds of contained zinc, and a Measured and Indicated "high grade silver zone" of 15.2 million tonnes with an average grade of 114.9 g/t silver at a 50 g/t cutoff for 56.3 million contained ounces of silver. Mineralization remains open in the east, west, and northerly directions.

For a full summary of the Sierra Mojada resource, please refer to Silver Bull's news release located at the following link:

edge.prnewswire.com

On behalf of the Board of Directors

"Tim Barry"

Tim Barry, CPAusIMM

President and Chief Executive Officer and Director

Cautionary note regarding forward looking statements: This news release may contain certain information that is forward-looking and is subject to important risks and uncertainties (such statements include statements regarding the final approval of the Private Placement by the Exchange and other statements implying a future state which are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Any forward-looking statements in this document are intended to provide Silver Bull security holders and potential investors with information regarding Silver Bull, including management's assessment of Silver Bull's future plans and financial outlook. Any forward-looking statements reflect Silver Bull's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the Company's filings under Silver Bull's profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

SOURCE Silver Bull Resources, Inc.

INVESTOR RELATIONS: +1 (604) 687-5800, info@silverbullresources.com

[the longhorn] Thanks. Yes, Good points. lh

the longhorn — 8/18/2025 9:31:24 AM

[LoneClone] My take on the ARK smackdown is that the drill results earlier in the year broug...

LoneClone — 8/15/2025 5:57:41 PM

My take on the ARK smackdown is that the drill results earlier in the year brought on board some who expected perfection, which never happens with a drill play. One of the holes was good, the other not so good, and that was enough to scare off the weak hands, many of whom were still able to get out with a profit.

The way it has come back from the low and then held is a good sign IMO. Remember, ARK started 2025 at 30 cents and is now 74 cents.

The next set of drill results will tbe watched very closely.

LC

[the longhorn] Arras (ARRKF) took a big hit today. Anyone know why? And this despite good new...

the longhorn — 8/14/2025 12:41:28 AM

Arras (ARRKF) took a big hit today. Anyone know why? And this despite good news on drill results. I see these smack downs quite often as attempts to get us to sell shares meaning good things are about to happen. This happens regularly with Fortuna MIning. But I think this one is too small for such games.

lh

[LoneClone] Silver Bull Provides Update On Its Arbitration Case Against Mexico finance.yah...

LoneClone — 5/1/2025 12:29:14 PM

Silver Bull Provides Update On Its Arbitration Case Against Mexico

finance.yahoo.com

ACCESS Newswire · Silver Bull Resources, Inc.

Silver Bull Resources, Inc.
Wed, April 30, 2025 at 1:15 PM PDT 5 min read

SVBL
0.00%

VANCOUVER, BC / ACCESS Newswire / April 30, 2025 / Silver Bull Resources, Inc. (OTCQB:SVBL)(TSX:SVB) ("Silver Bull" or the "Company") provides an update on the progress of its international arbitration claim against the United Mexican States ("Mexico").

Silver Bull announces that it has filed its Reply to Mexico's Counter-Memorial in the arbitration that Silver Bull initiated on 28 June 2023 under the United States-Mexico-Canada Agreement ("USMCA") and the North American Free Trade Agreement ("NAFTA") before the International Center for the Settlement of Investment Disputes ("ICSID"). Under the current schedule, Mexico now has until August 26, 2025 to file its Rejoinder before the case proceeds to a hearing, which will commence on October 6, 2025.

A summary of the key points of Silver Bull's claim is provided below:

The arbitration arises from Mexico's refusal to take action with respect to the illegal blockade of Silver Bull's Sierra Mojada Project, which commenced in September 2019 and remains ongoing. Mexico's actions and omissions led to the complete loss of Silver Bull's investment, and breached Mexico's obligations under the NAFTA, including the prohibition on unlawful expropriation and the duties to provide full protection and security, fair and equitable treatment, national treatment and most-favored nation treatment.

Silver Bull commenced the arbitration by filing a Request for Arbitration with ICSID on 28 June 2023. A three-person arbitration panel (the "Tribunal") was appointed by ICSID and they will adjudicate the case. Silver Bull filed its Memorial on 17 June 2024, setting out its claim in full and presenting supporting evidence. Mexico filed its Counter-Memorial on 23 December 2024, setting out its defence and presenting its evidence in response to the claim.

In the Reply filed on April 25, 2025, Silver Bull responded to Mexico's Counter-Memorial and provided further evidence to support its claim. In its Reply, Silver Bull updated its damages claim to US$374.9M (including interest), supported by the opinion of its damages expert.

Mexico will file its Rejoinder, responding to Silver Bull's Reply, on 26 August 2025. The hearing in the arbitration will take place from 6-10 October 2025.

The Company hired Boies Schiller Flexner (UK) LLP ("BSF") to act on its behalf as legal counsel for the claim. BSF is an international law firm with extensive experience in international investment arbitration concerning mining and other natural resources. The BSF team is led by Timothy L. Foden, a noted practitioner in the mining arbitration space.

Silver Bull is financially supported by Bench Walk Advisors LLC via a Litigation Funding Agreement for up to US$9.5 million to finance the case and the running of the Company.

Silver Bull's CEO, Mr. Tim Barry commented, "While Silver Bull had intended to continue developing the Sierra Mojada Project, an illegal blockade initiated in September 2019 by a small group of local miners - seeking to extort an unearned royalty payment from the Company has persisted to this day. Despite obtaining a favorable ruling from the Mexican courts dismissing the group's royalty claims, and despite repeated requests for the Mexican Government to enforce the law and remove the illegal blockade, the Government has continuously elected not to act. As a result, Silver Bull has been denied access to the site for more than five years, preventing the Company from conducting its lawful business activities in Mexico. This has led to the complete loss of Silver Bull's investment and the destruction of shareholder value at Sierra Mojada. The Mexican Government's actions and inactions directly drove investors away and effectively expropriated the Sierra Mojada Project.".

BACKGROUND TO THE CLAIM: The arbitration has been initiated under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States process, which falls under the auspices of the World Bank's ICSID, to which Mexico is a signatory.

Silver Bull officially notified Mexico on March 2, 2023 of its intention to initiate an arbitration owing to Mexico's breaches of NAFTA by unlawfully expropriating Silver Bull's investments without compensation, failing to provide Silver Bull and its investments with fair and equitable treatment or full protection and security, and not upholding NAFTA's national treatment standard.

Silver Bull held a meeting with Mexican government officials in Mexico City on May 30, 2023, in an attempt to explore amicable settlement options and avoid arbitration. However, the 90-day period for amicable settlement under NAFTA expired on June 2, 2023, without a resolution.

Despite repeated demands and requests for action by the Company, Mexico's governmental agencies have allowed the unlawful blockade to continue, thereby failing to protect Silver Bull's investments. Consequently, Silver Bull is seeking to recover an amount of US$374.9M (including interest) in damages that it has suffered due to Mexico's breach of its obligations under NAFTA.

THE SIERRA MOJADA DEPOSIT: Silver Bull's only asset is the Sierra Mojada deposit located in Coahuila, Mexico. Sierra Mojada is an open pittable oxide deposit with a NI 43-101 compliant Measured and Indicated "global" Mineral Resource of 70.4 million tonnes grading 3.4% zinc and 38.6 g/t silver for 5.35 billion pounds of contained zinc and 87.4 million ounces of contained silver. Included within the "global" Mineral Resource is a Measured and Indicated "high grade zinc zone" of 13.5 million tonnes with an average grade of 11.2% zinc at a 6% cutoff, for 3.336 billion pounds of contained zinc, and a Measured and Indicated "high grade silver zone" of 15.2 million tonnes with an average grade of 114.9 g/t silver at a 50 g/t cutoff for 56.3 million contained ounces of silver. Mineralization remains open in the east, west, and northerly directions.

For a full summary of the Sierra Mojada resource, please refer to Silver Bull's news release located at the following link:

pr.report

On behalf of the Board of Directors

"Tim Barry"
Tim Barry, CPAusIMM
President and Chief Executive Officer and Director

INVESTOR RELATIONS:

1 604 687 5800 info@silverbullresources.com

Cautionary note regarding forward looking statements: This news release may contain certain information that is forward-looking and is subject to important risks and uncertainties (such statements include statements regarding the final approval of the Private Placement by the Exchange and other statements implying a future state which are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Any forward-looking statements in this document are intended to provide Silver Bull security holders and potential investors with information regarding Silver Bull, including management's assessment of Silver Bull's future plans and financial outlook. Any forward-looking statements reflect Silver Bull's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the Company's filings under Silver Bull's profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

SOURCE: Silver Bull Resources, Inc.

View the original press release on ACCESS Newswire

[LoneClone] Arras Minerals Drills 261 Metres @ 0.64% CuEq In First Holes at Berezski Central...

LoneClone — 1/17/2025 12:54:58 PM

Arras Minerals Drills 261 Metres @ 0.64% CuEq In First Holes at Berezski Central Target - Elemes Project, Kazakhstan

accessnewswire.com

Wednesday, 15 January 2025 04:15 PM

VANCOUVER, BC / ACCESSWIRE / January 15, 2025 / Arras Minerals Corp. (TSXV:ARK)(OTCQB:ARRKF) ("Arras" or "Arras Minerals" or "the Company") is pleased to provide initial results for the first 3 drillholes from the initial drill program on its Elemes project in Northeast Kazakhstan. All three holes were drilled at the Bereszki Central target and all holes intersected porphyry-style copper-gold mineralization starting from the surface. The Berezski Central target is located on the south part of the >8km long soil copper, molybdenum, arsenic anomaly centered on a zone of extensive intermediate argillic alteration hosted in altered diorites and andesites.

The Elemes project is located in the Bozshakol-Chingiz Magmatic arc and is 61 kilometres Southeast of Kaz Mineral's Bozshakol Copper Mine ("Bozshakol"). The Bozshakol mine commenced operations in 2016 and in FY2023 produced 105,000t Cu & 115,000 oz Au per annum at US$0.95/lb Cu (net) cash costs. Reported reserves are 1.003Bt @ 0.33% Cu & 0.13 g/t Au.

Highlights

EL24001: 261 m of mineralization grading 0.64% copper-equivalent ("CuEq") (0.39 g/t gold
("Au"), 0.24 % copper ("Cu") starting from the 22 m.
- Including: 69 m grading 0.85% CuEq (0.39g/t Au, 0.42% Cu) starting at 22 m & 48 m grading 1.00 % CuEq (0.77g/t Au, 0.25% Cu) starting at 157 m
- Drill-hole ended in mineralization
EL24002: returned 102 m of mineralization grading 0.45g/t gold-equivalent ("AuEq") (0.31 g/t gold("Au"), 0.11 % copper ("Cu")) starting at 2 m.
- Including: 34 m grading 0.60 g/t AuEq (0.32g/t Au, 0.13% Cu) starting at 2 m.
EL24003: 264 m of mineralization grading 0.30g/t gold-equivalent ("AuEq") (0.17 g/t gold("Au"), 0.09 % copper ("Cu")) starting from 41 m.
- Including: 30 m grading 0.46g/t AuEq (0.25g/t Au, 0.16% Cu) starting at 263 m.

Tim Barry, CEO of Arras Minerals noted,"We're excited by these initial holes at the Berezski Central target at Elemes. The drill holes are mineralized over their entire lengths, and logging indicates mineralization is predominantly hosted in argillic and phyllic altered diorites, suggesting that these holes have drilled the large pyrite halo peripheral to the core of a large porphyry system. Starting at approximately 50-100m depth, we are also starting to intersect A-, B- and D-type veins, which are generally found to increase towards the center of porphyry copper deposit."

Figure 1. Arras Minerals Elemes Project & additional project portfolio located in Pavlodar, Kazakhstan

Darren Klinck, President of Arras Minerals commented," Results from the first 3 holes at Berezski Central are a great indication for the potential that exists at the Elemes Project. Kazakhstan is one of the lowest cost jurisdictions globally for mining. Head-grades of approximately 0.5% CuEq at nearby large-scale operations underpin strong profitability and some of the lowest operating cash costs in the world. This is the first of seven separate target areas being tested up to a depth of approximately 550 m across the 8.8 km Berezski soil anomaly. We will be expecting to release additional results from this program throughout Q1 2025 as they become available."

Table 1. Summary table for drill-holes EL24001, EL24002 and EL24003

Notes: Copper Equivalent ("CuEq") grades reported for the drill holes at Elemes were calculated using the following formula: CuEq % = Copper (%) + (Gold (g/t) x 0.8264) + (Silver (g/t) x 0.0107) + (Molybdenum (ppm) x 3.3333). Gold Equivalent ("AuEq") grades reported for the drill holes at Elemes were calculated using the following formula: AuEq g/t = Gold (g/t) + (Copper (%) x 1.2100) + (Silver (g/t) x 0.0129) + (Molybdenum (ppm) x 4.0334). Assumptions used for the copper and gold equivalent calculations were metal prices of US$3.50/lb. Copper, US$2,200/oz Gold, US$24/oz Silver, US$15/lb. Molybdenum, and metallurgical recoveries were assumed to be 100%.

Table 2. Location of the drill holes

Drill-Hole Summaries

EL24001 was designed to test the core of the soil Mo-Cu-As anomalies, with a coincident moderate magnetic and chargeability lows. It was completed at 476.5m depth. The hole started in strong argillic altered andesite tuffs before passing into strongly silicified and faulted diorites at 90.0m depth. Mineralization is represented by quartz - pyrite ± chalcopyrite veins and disseminated pyrite. Molybdenite and supergene enrichment (chalcocite) is observed occasionally in the first 35 m of the drill-hole. The drill-hole ended in mineralization.

EL24002 was aimed to follow-up hole EL24001 and test the extensive soil Mo anomaly. Unfortunately, the hole was lost at 221.7m due to drill failure. The hole was collared in strongly argillic altered andesite tuff up to 60.0m depth, before passing into medium grained diorites to the end of the drill-hole. Mineralization consists of quartz - pyrite ± chalcopyrite veins and pyrite dissemination. Supergene enrichment chalcocite is observed in the first 40 meters of the drill-hole, and the hole intersected several narrow hydrothermal breccias containing clasts of quartz - pyrite - chalcopyrite veins, suggesting the drill-hole was drilled peripheral to the core of a porphyry system.

EL24003 was drilled on the southern edge of the large Mo-Cu soil anomaly. The hole also targeted a large IP Chargeability high and was drilled to 350m depth. The hole was collared in strongly argillic altered andesite tuffs, before passing into diorites at 15m depth. The diorite is strongly argillic altered to 114.0m where it transitions into phyllic dominant alteration. The Diorites hosts D-type quartz-pyrite veins with rare quartz-pyrite-chalcopyrite veins. Disseminated pyrite is found throughout the drill-hole (up to 2% pyrite in areas). In addition, the hole intersected several small intervals of clast supported polymictic hydrothermal breccias.

Figure 2. Cross-section looking NW showing key intercepts in drill-holes EL24001, EL24002 and EL24003. The cross-section demonstrates a strong porphyry-epithermal style of alteration hosting widely spread, consistent mineralization.

Figure 3. Berezski Target showing 8.8 km long soil copper anomalies and location of drill-holes EL24001, EL24002 and EL24003

Figure 4. Photos of core from EL24001, EL24002 and EL24003 showing intercepted style of mineralization and alteration.

Elemes Project

Drilling commenced in September and the Phase 1 program was completed in late December. This program of approximately 4000 metres of diamond drilling has generally focused on priority targets at Berezski Central, Berezski East, Q-Gorka and K-Ozek targets. These targets were identified following two field seasons of comprehensive exploration work at the Elemes Project, including airborne magnetic and Pole-Dipole Induced Polarization geophysical surveys, as well as extensive soil sampling and mapping. In addition, some historical drill holes from the Berezski East and Q-Gorka targets were re-assayed with those results reported in January 2024 (see Arras new releases January 8 & 22, 2024).

Webinar - Thursday January 16th @ 11:00am (EST)

The Company will host a webinar to discuss the initial drill results from the Berezski Target - Elemes Project on Thursday January 16th @11:00am (EST).

To register for the webinar, please visit: pr.report

Please contact the company at info@arrasminerals.com for further information. A replay of the webinar will be made available on the Company website.

QUALITY ASSURANCE, QUALITY CONTROL AND QUALIFIED PERSON

Lengths are drill intersections and not necessarily true widths. True widths cannot be calculated at this time due to the unknown geometry of the mineralization. Drill intersections have been independently selected by Arras Minerals. Drill composites have been independently calculated by Arras Minerals. The geological interpretations in this news release are solely those of the Company. The locations and distances highlighted on all maps in this news release are approximate.

The scientific and technical disclosure for this news release has been prepared under supervision of and approved by Matthew Booth, Vice President of Exploration, of Arras Minerals Corp., a Qualified Person for the purposes of NI 43-101. Mr. Booth has over 19 years of mineral exploration experience and is a Qualified Person member of the American Institute of Professional Geologists (CPG 12044).

On behalf of the Board of Directors

"Tim Barry"

Tim Barry, MAusIMM CP(Geo)
Chief Executive Officer and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@arrasminerals.com

Further information can be found on:

the Company's website pr.report or
follow us on LinkedIn: pr.report or
follow us on X (formerly Twitter): pr.report

About Arras Minerals Corp.

Arras Minerals Corp. is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue). In December 2023, the Company entered into a strategic alliance with Teck Resources Limited ("Teck") in which Teck may sole fund a US$5 million generative exploration program over a portion of the Arras Minerals license package in 2024-2025. The Company's shares are listed on the TSX-V under the trading symbol "ARK" and on the OTCQB under the trading symbol "ARRKF".

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms "measured resources", "indicated resources", and "inferred resources" which are defined in, and required to be disclosed by, NI 43-101. The Company advises U.S. investors that these terms are not recognized by the SEC. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras Minerals' future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras Minerals is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras Minerals' exploration projects, the industry in which Arras Minerals operates and the beliefs and assumptions of Arras Minerals' management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management's control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption "Risk Factors" in the Management Discussion and Analysis filed on the Company's profile on SEDAR on February 28, 2024 and in the Company's Annual Report on Form 20-F for the fiscal year ended October 31, 2023 filed with the U.S. Securities and Exchange Commission filed on February 28, 2024 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

SOURCE: Arras Minerals Corp.

[LoneClone] Arras Minerals Provides Update on Elemes Drill Program - Kazakhstan accesswire...

LoneClone — 12/16/2024 12:48:22 PM

Arras Minerals Provides Update on Elemes Drill Program - Kazakhstan

accesswire.com

Monday, 16 December 2024 06:00 AM

VANCOUVER, BC / ACCESSWIRE / December 16, 2024 / Arras Minerals Corp. (TSXV:ARK)(OTCQB:ARRKF) ("Arras" or "Arras Minerals" or "the Company") is pleased to provide an update on its ongoing core drilling program at the Elemes Project. The program, which began in September, remains on schedule and is expected to conclude by the end of December.

The current Phase 1 core drilling program, totaling approximately 4,000 metres of diamond drilling, has primarily targeted key areas at Berezski Central, Berezski East, Q-Gorka, and K-Ozek. These targets were identified following two seasons of comprehensive exploration work at the Elemes Project, including airborne magnetic and Pole-Dipole Induced Polarization geophysical surveys, as well as extensive soil sampling and mapping. In addition, select historical drill holes from the Berezski East and Q-Gorka targets were re-assayed (refer to Arras news releases dated January 8 and 22, 2024).

While initial assay results from the September and October drilling have taken much longer than anticipated to be processed and verified, the Company now expects to announce these results by early January 2025. Subsequent assay results will be released as they become available.

"We are very pleased with the progress of the core drilling program at Elemes over the past three months," commented Tim Barry, CEO of Arras Minerals. "This Phase 1 campaign is testing new target areas developed through our recent fieldwork, and we are encouraged by the early indications we've seen so far that Elemes is indeed a large epithermal-porphyry system that has yet to be explored with modern techniques."

Figure 1. Arras Minerals Elemes Project & additional project portfolio located in Pavlodar, Kazakhstan

Figure 2. Arras Minerals drilling at Elemes Project, Q4 2024

QUALITY ASSURANCE, QUALITY CONTROL AND QUALIFIED PERSON

The scientific and technical disclosure for this news release has been prepared under supervision of and approved by Matthew Booth, Vice President of Exploration, of Arras Minerals Corp., a Qualified Person for the purposes of NI 43-101. Mr. Booth has over 19 years of mineral exploration experience and is a Qualified Person member of the American Institute of Professional Geologists (CPG 12044).

On behalf of the Board of Directors

"Tim Barry"

Tim Barry, MAusIMM CP(Geo)
Chief Executive Officer and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@arrasminerals.com

Further information can be found on:

the Company's website pr.report or
follow us on LinkedIn: pr.report or
follow us on X (formerly Twitter): pr.report

About Arras Minerals Corp.

Arras Minerals Corp. is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue). In December 2023, the Company entered into a strategic alliance with Teck Resources Limited ("Teck") in which Teck may sole fund a US$5 million generative exploration program over a portion of the Arras Minerals license package in 2024-2025. The Company's shares are listed on the TSX-V under the trading symbol "ARK" and on the OTCQB under the trading symbol "ARRKF".

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms "measured resources", "indicated resources", and "inferred resources" which are defined in, and required to be disclosed by, NI 43-101. The Company advises U.S. investors that these terms are not recognized by the SEC. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.

Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras Minerals' future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras Minerals is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras Minerals' exploration projects, the industry in which Arras Minerals operates and the beliefs and assumptions of Arras Minerals' management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to futureperiods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management's control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption "Risk Factors" in the Management Discussion and Analysis filed on the Company's profile on SEDAR on February 28, 2024 and in the Company's Annual Report on Form 20-F for the fiscal year ended October 31, 2023 filed with the U.S. Securities and Exchange Commission filed on February 28, 2024 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

SOURCE: Arras Minerals Corp.

[LoneClone] Comments I posted elsewhere... There have been some interesting developments a...

LoneClone — 11/22/2024 5:48:25 PM

Comments I posted elsewhere...

There have been some interesting developments at Silver Bull Resources aka SVB's Sierra Mojada prospect in Coahuilla, Mexico. It has been subject to an illegal blockade for the last five years, and SVB is currently in negotiations with the Mexican government for compensation under NAFTA.

But now comes a PR from a private company incorporated in Wyoming that appears to be a new effort by the blockaders. They have offered to end the blockade and drop their lawsuits if SVB is willing to negotiate a 'merger of equals', whatever that means. To me, this indicates they suspect SVB will win a nice-sized compensation package and walk away, leaving them with a deposit they can't raise the money to develop, and that no one else will touch because the ruckus they have raised.

I expect that SVB will push forward with the NAFTA case and only entertain this initiative if they are very unhappy with the results. There has been a lot of bad blood built up between the two sides which will be difficult to overcome.

LC

[LoneClone] Sierra Mojada Resources, Announces Groundbreaking Resolution to End the 5-Year ...

LoneClone — 11/22/2024 12:52:48 PM

Sierra Mojada Resources, Announces Groundbreaking Resolution to End the 5-Year Blockade at Mining Project

The Sierra Mojada Mining Project is set to be Conditionally Lifted

accesswire.com

Friday, 22 November 2024 09:00 AM

WEST VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / November 22, 2024 / Sierra Mojada Resources announces a monumental breakthrough with the UNANIMOUS approval of a RESOLUTION by the "Cooperativa de Explotacion Minera Mlneros Nortenos," CONDITIONALLY ending the five-year blockade at the Silver/Zinc mining project in Sierra Mojada, Mexico.

Merger of Equals: A Path to Resurgence

Sierra Mojada Resources is poised to propose a "Merger of Equals" with the project owners. This strategic alliance represents the most viable and timely solution to address the project's challenges and propel it toward sustainable growth. This strategic alliance aims to:

Restore the project's financial health and ensure its long-term viability.

Enable future operations financing, securing the necessary capital to drive growth and expansion.

Deliver the best possible outcome for all stakeholders, including investors, employees, and the local communities.

Unlocking the Potential of 200,000 Tons of Silver/Zinc Oxides Ore

Sierra Mojada Resources has identified approximately 200,000 tons of high-grade surface silver/zinc oxides ready to be gravimetrically concentrated generating much-needed cash and ensuring the project's financial independence.

A Call to Action for Sustainable Growth

On behalf of the Board of Directors and the stakeholders in the communities of "Sierra Mojada" and "La Esmeralda,", Sierra Mojada Resources, Inc., extends an invitation to all interested parties to join in this transformative journey. Together, we can capitalize on this RESOLUTION and unlock the full potential of the Sierra Mojada mining project creating a thriving enterprise that benefits all stakeholders.

Contact Information:

[Lenic M Rodriguez][200-100 Park Royal South, West Vancouver, B.C. V7T 1A2. CANADA ][(604)871-4160][ConflictResolution@sierramojadaresources.com]

Lenic M Rodriguez, Founder & Executive Chairman

Sierra Mojada Resources, Inc.

www.sierramojadaresources.com

Contact Information

Kevin Heydari
Investor Relations
rdh@canaliscapital.com
(305)776-2100

SOURCE: Sierra Mojada Resources, Inc.

View the original press release on newswire.com.

[LoneClone] Arras Minerals Identifies Multiple New Copper-Gold Targets for Drill Testing in...

LoneClone — 11/20/2024 12:18:29 PM

Arras Minerals Identifies Multiple New Copper-Gold Targets for Drill Testing in 2025 In Kazakhstan

accesswire.com

Wednesday, 20 November 2024 06:00 AM

VANCOUVER, BC / ACCESSWIRE / November 20, 2024 / Arras Minerals Corp. (TSXV:ARK) ("Arras" or "the Company") is pleased to provide an update on the ongoing exploration program across 1,736 sq km of licenses that form the Arras-Teck Resources Limited ("Teck") Strategic Exploration Alliance.

Highlights from the 2024 Exploration Program

Multiple new copper & copper-gold drill targets identified from extensive field program, that included:
- Collection of 35,122 soil samples taken across Package "A" and Package "B" areas with XRF analysis partially completed and ongoing
- 11,432.2 meters of KGK drilling in 435 holes testing top of bedrock across Package "A" group of concessions.
- 3,381-line km Heli-TEM survey completed across entire 1397.25 sq km Package "A" group of licenses
- 181 sq km Vector Induced Polarization surveys conducted on Package "A" group.
- 138-line kms of Heli-EM and 47.6 km of Ground IP completed on Package "B" licenses.
- Extensive field mapping across the licence package.

Tim Barry, CEO commented, " The 2024 work program conducted under the Arras-Teck Strategic Alliance was one of the largest exploration programs in Kazakhstan this year, building substantially on our work in 2023. This year's activities have marked a major step forward in defining high-quality drill targets on these projects. Through a combination of soil sampling, geophysics, and KGK drilling to the top of bedrock, we've amassed an extensive regional data set which has identified a series of new untested anomalies across the Arras-Teck Exploration Alliance area."

Mr. Barry added , "It's exciting to witness the significant progress made by the Arras-Teck Exploration Alliance in understanding this prospective and under-explored belt. We anticipate commencing drill-testing of several high-priority copper targets, currently undrilled and under shallow cover, in the first half of 2025."

Figure 1. Arras's License Package showing Arras-Teck Strategic Alliance Areas as "Package A" and "Package B" as well as the Elemes and Beskauga Projects and the Tay Project which are 100% owned by Arras.

The license packages are situated in the Bozshakol-Chingis magmatic arc, an accretionary arc primarily composed of volcanic rocks, volcaniclastics, older plutons, and a Cambrian-age nickel-rich ophiolite belt. This region has been intruded by mid-Ordovician intrusions, several of which host economically significant Cu-Au porphyry mineralization.

Package A is located 56km to the northwest of the town of Ekibastuz and surrounds KAZ Minerals' Bozshakol Cu-Au mine 1 and covers the trend which has the potential continuation of mineralization.

This area has received limited historic exploration due to unconsolidated cover masking bedrock geology. The property consists of seven exploration licenses and covers 1,397 square kilometers.

The geology consists of the Middle Cambrian Bozshakol Complex and Lower-Middle Cambrian Bozshakol Group volcanics, and along the southeastern margin of the property occurs a large sedimentary basin of Devonian-Carboniferous-aged rocks.

The property covers several interesting exploration targets and mineralization styles, including porphyry copper-gold deposits, Volcanic-Hosted Massive sulphide deposits (VHMS), and orogenic gold deposits.

Principal Targets defined to date include:

Name	Target	Notes
Boz Ext	Porphyry	Large Cu pXRF soil anomaly along trend from the operating Bozshakol Mine.
Boz N	Porphyry	Historic Cu anomaly coincident with a magnetic low.
Taga	Porphyry	Large chargeability anomaly with associated high pXRF KGK Cu anomalies.
Misyak	Epithermal	Significant Arsenic soil anomaly with visible pyrite-quartz-clay alteration.
Tort Kuduk	Porphyry	Coincident soil pXRF Cu and Mo anomalies. Field review found quartz stockwork veining in silicified feldspar porphyry.
Boz S	Porphyry	Coincident Cu-Mo-As and IP anomaly. Minor magnetic low with minor copper supergene mineralization.
Pinta	Porphyry-Epithermal	Large pXRF soil Cu-Mo-As-Ag-Bi-Sb-Zn-Pb-Co soil anomaly with phyllic and propylitic alteration.
Shirderty	Porphyry	Multiple pXRF Cu anomalies associated with annular magnetic targets.
Aktasty	Porphyry	Large broad magnetic anomaly under a package of relatively non-magnetic sediments. Minor pXRF Cu anomaly from KGK drilling

Figure 2. Package A License and exploration targets

Package B is located approximately 90km to the southeast of the town of Ekibastuz. The Package consists of two claim packages, Akkuduk and Norgubek.

The geology at Akkuduk consists of Devonian and Silurian-aged porphyritic andesites and basalts emplaced into tuffaceous sediments and conglomerates. Into which, several diorites and granodiorite intrusions have been emplaced.

At Norgubek, the geology consists of Ordovician, Carboniferous, and Devonian volcanic, volcaniclastic, and sedimentary rocks into which several dioritic intrusions have been emplaced. The property is cut by three large, northwest-southeast striking regional faults, which have brought together several different litho-tectonic terranes, each host a distinct style of mineralization, including:

Cu-Au porphyry mineralization
Orthomagmatic sulphides Ni-Cu ± Co, PGE mineralization
Au-rich VHMS (Cu-Au-Ag-Zn-Pb)

The following Principal Targets have been defined:

Name	Target	Notes
Besshoky	Porphyry-Epithermal	Broad Cu-Au-Ag-Mo-As-Pb-Zn soil anomaly with coincident IP. Silicified lithocap mapped at surface with tourmaline breccias.
Kvartsevy	Orogenic	Undrilled swarm of 150m long by 3m wide quartz veins with grab samples up to 9.2 g/t Au and 7.8 g/t Ag.
Kurortskii	Porphyry-Epithermal	Coincident Cu-Mo pXRF anomaly with broad magnetic high. Limited Soviet-era drilling reports intercepts up to 10 g/t Au. Gold mineralization occurs as steeply dipping, sheeted quartz veins.
P39	Orthomagmatic	Coincident magnetic high with Ni-Cr-Co soil anomaly, with up to 0.4% Ni in soils.
Norgubek-Akkuduk	Porphyry-Epithermal	Cu-Au mineralisation hosted within quartz diorites and granodiorites, significant intercepts in limited historical drilling e.g., 30.5 m @ 1.65 g/t Au; 30.2 m @ 1.07 g/t Au; 19.8 m @ 1.2 g/t Au
Uzinsor	VHMS	Coincident Pb, Zn, Mo, pXRF soil anomaly hosted on volcaniclastic rocks that have been crosscut by a series of diorite dykes.

Figure 3. Akkuduk License and exploration targets

Figure 4. Norgubek License and exploration targets

New High Priority Drill Targets being Finalized

The 2024 exploration program by the Arras-Teck Strategic Alliance, combined with Arras's independent work across its own project portfolio, marks the most extensive greenfield exploration effort focused on copper-gold in Kazakhstan this year. Building on the geochemical and geophysical datasets from fieldwork conducted in 2023, this year's exploration programs are significantly advancing our understanding of the terranes in the Bozshakol-Chingiz Magmatic Arc. These datasets are now producing priority targets, which will be finalized and ranked for drill-testing next year. Over the next 2-3 months, analysis of the various data subsets will continue, with plans underway to prioritize and prepare for a robust drilling campaign commencing in the first half of 2025.

References

1 Bozshakol Mine Reserves - Kaz Minerals 2020 annual report - pr.report

Qualified Person: The scientific and technical disclosure for this news release has been prepared under supervision of and approved by Matthew Booth, Vice President of Exploration, of Arras Minerals Corp., a Qualified Person for the purposes of NI 43-101. Mr. Booth has over 19 years of mineral exploration experience and is a Qualified Person member of the American Institute of Professional Geologists (CPG 12044).

On behalf of the Board of Directors

"Tim Barry"

Tim Barry, MAusIMM CP(Geo)
Chief Executive Officer and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@arrasminerals.com

Further information can be found on:

the Company's website pr.report or
follow us on LinkedIn: pr.report or
follow us on X (formerly Twitter): pr.report

About Arras Minerals Corp.

Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue). In December 2023, the Company entered into a strategic alliance with Teck Resources Limited ("Teck") in which Teck may sole fund a US$5 million generative exploration program over a portion of the Arras license package in 2024-2025. The Company's shares are listed on the TSX-V under the trading symbol "ARK" and on the OTCQB under the trading symbol "ARRKF".

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms "measured resources", "indicated resources", and "inferred resources" which are defined in, and required to be disclosed by, NI 43-101. The Company advises U.S. investors that these terms are not recognized by the SEC. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.

Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras' future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras' exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras' management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to futureperiods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management's control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption "Risk Factors" in the Management Discussion and Analysis filed on the Company's profile on SEDAR on February 28, 2024 and in the Company's Annual Report on Form 20-F for the fiscal year ended October 31, 2023 filed with the U.S. Securities and Exchange Commission filed on February 28, 2024 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

SOURCE: Arras Minerals Corp.

[LoneClone] Arras Minerals Initiates Heli-TEMGeophysical Survey of Its Maisor and Aktasty M...

LoneClone — 7/22/2024 1:39:44 PM

Arras Minerals Initiates Heli-TEMGeophysical Survey of Its Maisor and Aktasty Mineral Licenses, Kazakhstan

accesswire.com

Monday, 22 July 2024 06:00 AM

VANCOUVER, BC / ACCESSWIRE / July 22, 2024 / Arras Minerals Corp. (TSX-V:ARK)(OTCQB:ARRKF) ("Arras" or "the Company") is pleased to announce that its planned 3,381 km airborne (helicopter) electromagnetic (EM) ("Heli-TEM") survey has commenced at the Company's Bozshakol group of licenses. These licenses form part of the Teck-Arras Strategic Exploration Alliance announced on December 7, 2023 (the "Bozshakol Project"), and are located nearby and surrounding the operating large-scale Bozshakol copper mine, operated by Kaz Minerals.

Highlights from the Soil Sampling program

3,381 line-kilometer Heli-TEM survey over the entire 1397 square-kilometer Bozshakol project mineral tenement package.
Survey lines will be flown in a northwest-southeast (125-315) line direction, with lines expected to be approximately 500m apart.

Tim Barry, CEO of Arras Minerals stated, " The commencement of the Heli-TEM survey at the Bozshakol group is an important initiative which we have worked closely with our Alliance partners, Teck Resources on planning. The shallow overburden on most of the project has prevented us from completing geological mapping and soil sampling over the properties and this survey will provide a significant amount of quality data to help guide future exploration as we commence our hunt for additional porphyry deposits adjacent to the large-scale Bozshakol copper mine."

Future work will include evaluation of the airborne survey and ground follow-up that includes ground-based geophysics surveys, trenching and diamond drilling of identified targets.

Figure 1. Map of Bozshakol Group of concessions showing Arras licenses, proposed Heli-TEM flight lines, historic IP anomalies and Bozshakol copper mine location.

Teck Package A - Bozshakol Project:

The Bozshakol Project is located 56km to the northwest of the town of Ekibastuz and surrounds and covers the potential continuation of mineralization of KAZ Minerals' Bozshakol copper- mine.

This area has received limited historic exploration due to unconsolidated cover masking bedrock geology. The property consists of seven exploration licenses and covers approximately 1,400 square kilometres.

The properties are in the Bozshakol-Chingis magmatic arc, which is an accretionary arc composed mainly of volcanics, volcaniclastics, older plutons and a nickel rich ophiolite belt of Cambrian age that have been intruded by mid-Ordovician aged intrusions, several of which host economic copper-gold porphyry mineralization. This package is regionally folded and refolded.

Figure 2. Arras's License Package showing Arras-Teck Strategic Alliance Areas as "Package A" and "Package B" as well as the Elemes and Beskauga Projects and the Tay licence which are 100% owned by Arras.

Figure 3. Arras's Heli-TEM Test Flight at Bozshakol Project, July 21 2024

Heli-TEM Background Information

The Heli-TEM system was developed by Fugro Airborne Surveys in the mid 2000's for detection of deep discrete conductive mineral targets or targets obscured by conductive overburden.

The Heli-TEM system is composed of a 40-metre cable to which is attached the transmitter loop. The receiver platform and the receiver coil are located at the centre of the 35 metre diameter transmitter loop approximately 0.1 metre above the centre of the transmitter plane. The real time navigation GPS antenna is on the tail boom of the helicopter. The barometric altimeter, radar altimeter, laser altimeter, video camera and data recorder are all installed in the helicopter. GPS antennae are attached to the transmitter loop to give positional information and transmitter orientation.

The survey uses a 7.5 Hertz ("Hz") one half cycle of the Heli-TEM system that is made up of a square pulse (on-time) of approximately thirty-four milliseconds in duration followed by approximately thirty-four milliseconds of off-time before the pulse is repeated with the opposite polarity. After acquisition the measured data are windowed into twenty-five ranges called "gates". Gate widths increase as time after turn-off increases because as the energy from the transmitter decays a wider sample must be taken to get a valid average. The position of the first off-time gate is selected after examining several flights of data and is as close to the transmitter turn off as possible. The power of the pulse causes eddy currents in the system after the turn off and the first off-time gate cannot start until these have died away. The earliest data has had less time to penetrate the subsurface and so contains information from the near surface.

Qualified Person: The scientific and technical disclosure for this news release has been prepared under supervision of and approved by Matthew Booth, Vice President of Exploration, of Arras Minerals Corp., a Qualified Person for the purposes of NI 43-101. Mr. Booth has over 19 years of mineral exploration experience and is a Qualified Person member of the American Institute of Professional Geologists (CPG 12044).

On behalf of the Board of Directors

"Tim Barry"

Tim Barry, MAusIMM CP(Geo)
Chief Executive Officer and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@arrasminerals.com

Further information can be found on:

the Company's website pr.report or
follow us on LinkedIn: pr.report or
follow us on X (formerly Twitter): pr.report

About Arras Minerals Corp.

Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue). In December 2023, the Company entered into a strategic alliance with Teck Resources ("Teck") in which Teck will sole fund a US$5 million generative exploration program over a portion of the Arras license package in 2024-2025 focusing on critical minerals. The Company's shares are listed on the TSX-V under the trading symbol "ARK" and on the OTCQB under the trading symbol "ARRKF".

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms "measured resources", "indicated resources", and "inferred resources" which are defined in, and required to be disclosed by, NI 43-101. The Company advises U.S. investors that these terms are not recognized by the SEC. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.

Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras' future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras' exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras' management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management's control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption "Risk Factors" in the Management Discussion and Analysis filed on the Company's profile on SEDAR on February 28, 2024 and in the Company's Annual Report on Form 20-F for the fiscal year ended October 31, 2023 filed with the U.S. Securities and Exchange Commission filed on February 28, 2024 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

SOURCE: Arras Minerals Corp.

[LoneClone] Silver Bull Files Memorial in Claim Against Mexico accesswire.com Tuesday, 18...

LoneClone — 6/19/2024 11:54:37 AM

Silver Bull Files Memorial in Claim Against Mexico

accesswire.com

Tuesday, 18 June 2024 05:00 PM

VANCOUVER, BC / ACCESSWIRE / June 18, 2024 / Silver Bull Resources, Inc. ("Silver Bull" or the "Company") provides an update on progress with its international arbitration claim against the United States of Mexico ("Mexico").

Silver Bull announces it has filed its memorial submission against Mexico setting out a damages claim of US$408 million under the Agreement between the United States of America, Mexico, and Canada (the "USMCA") and the North American Free Trade Agreement ("NAFTA"):

The arbitration arises from Mexico's unlawful expropriation and other unlawful treatment of Silver Bull by the Mexican Government resulting in a total loss of its investment due to an illegal blockade of Silver Bull's Sierra Mojada project that began in September 2019 and continues to this day.
On June 17, 2024, Silver Bull filed its Memorial submission with ICSID detailing the claim against Mexico as well as damages for the sum of US$408 million. The Arbitration hearing is set to commence in October 2025.
Silver Bull engaged a quantum expert from Berkeley Research Group to assess the Company's damages. This evaluation serves as the foundation for determining the value of Silver Bull's Claim against Mexico.
A three-person arbitration panel (the "Tribunal") by the International Centre for Settlement of Investment Disputes ("ICSID") has been confirmed, with the Tribunal having convened its first session with the parties on February 13, 2024.
The Company has hired Boies Schiller Flexner (UK) LLP ("BSF") as Legal counsel for the Claim. BSF is an international law firm with extensive experience in international investment arbitration concerning mining and other natural resources, to act on its behalf. The BSF Team is being led by Timothy L. Foden, a noted practitioner in the mining arbitration space.
Silver Bull is financially supported by Bench Walk Advisors LLC via a Litigation Funding Agreement ("LFA") for up to US$9.5 million to finance the case and the running of the Company.

Silver Bull's CEO, Mr. Tim Barry commented, "Whilst it had been Silver Bull's intention to continue developing the Sierra Mojada Project, an illegal blockade by a local mining cooperative trying to force an underserved royalty payment from the Company began in September 2019 and continues to this day. Despite multiple favourable rulings by the Mexican Courts that Silver Bull did not owe the blockaders a royalty payment, and numerous requests to the Mexican Government to uphold the law and end the illegal blockade, the Government failed to take any action, preventing Silver Bull from accessing the site for over four years and preventing the Company from conducting its lawful business in Mexico. That failure to act was a breach of Mexico's obligations under the NAFTA. This has resulted in the total loss of Silver Bull's investment and total destruction of shareholder value at Sierra Mojada..

The substantial litigation funding secured under the LFA is a testament to the strength of Silver Bull's claims. The US$9.5 million funding facility is non-dilutive to Silver Bull shareholders and is expected to cover the full legal costs of the claim, expert, and ancillary costs, as well as Silver Bull's operating expenses. Bench Walk will have a contingent entitlement to damages in the event that damages are awarded ".

BACKGROUND TO THE CLAIM: The arbitration has been initiated under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States process, which falls under the auspices of the World Bank's International Centre for Settlement of Investment Disputes (ICSID), to which Mexico is a signatory.

Silver Bull officially notified Mexico on March 2, 2023 of its intention to initiate an arbitration owing to Mexico's breaches of NAFTA by unlawfully expropriating Silver Bull's investments without compensation, failing to provide Silver Bull and its investments with fair and equitable treatment or full protection and security, and not upholding NAFTA's national treatment standard.

Silver Bull held a meeting with Mexican government officials in Mexico City on May 30, 2023, in an attempt to explore amicable settlement options and avoid arbitration. However, the 90-day period for amicable settlement under NAFTA expired on June 2, 2023, without a resolution.

Despite repeated demands and requests for action by the Company, Mexico's governmental agencies allowed the unlawful blockade to continue, thereby failing to protect Silver Bull's investments. Consequently, Silver Bull will seek to recover, based on the Quantum Expert's evaluation, an amount of US$408 million in damages that it has suffered due to Mexico's breach of its obligations under NAFTA.

THE SIERRA MOJADA DEPOSIT: Silver Bull's only current property is the Sierra Mojada deposit located in Coahuila, Mexico. Sierra Mojada is an open pittable oxide deposit with a NI 43-101 compliant Measured and Indicated "global" Mineral Resource of 70.4 million tonnes grading 3.4% zinc and 38.6 g/t silver for 5.35 billion pounds of contained zinc and 87.4 million ounces of contained silver. Included within the "global" Mineral Resource is a Measured and Indicated "high grade zinc zone" of 13.5 million tonnes with an average grade of 11.2% zinc at a 6% cutoff, for 3.336 billion pounds of contained zinc, and a Measured and Indicated "high grade silver zone" of 15.2 million tonnes with an average grade of 114.9 g/t silver at a 50 g/t cutoff for 56.3 million contained ounces of silver. Mineralization remains open in the east, west, and northerly directions.

For a full summary of the Sierra Mojada resource, please refer to Silver Bull's news release located at the following link:

pr.report

On behalf of the Board of Directors

"Tim Barry"

Tim Barry, CPAusIMM

President and Chief Executive Officer and Director

INVESTOR RELATIONS:

1 604 687 5800 info@silverbullresources.com

Cautionary note regarding forward looking statements: This news release may contain certain information that is forward-looking and is subject to important risks and uncertainties (such statements include statements regarding the final approval of the Private Placement by the Exchange and other statements implying a future state which are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Any forward-looking statements in this document are intended to provide Silver Bull security holders and potential investors with information regarding Silver Bull, including management's assessment of Silver Bull's future plans and financial outlook. Any forward-looking statements reflect Silver Bull's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. There is no guarantee that the Company will be successful in obtaining Exchange approval in respect of the Private Placement, that any investors shall invest in the Private Placement on the terms outlined herein or at all. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the Company's filings under Silver Bull's profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

SOURCE: Silver Bull Resources, Inc.

[LoneClone] Arras Minerals Closes C$5.2 Million Non-Brokered Financing accesswire.com Thu...

LoneClone — 6/7/2024 1:01:13 PM

Arras Minerals Closes C$5.2 Million Non-Brokered Financing

accesswire.com

Thursday, 06 June 2024 06:25 PM

Not for distribution to United States newswire services or for dissemination in the United States.

VANCOUVER, BC / ACCESSWIRE / June 6, 2024 / Arras Minerals Corp. (TSXV:ARK) ("Arras" or the "Company") is pleased to announce that further to its news release dated May 29, 2024, it has closed its previously announced non-brokered private placement (the "Offering") for an aggregate of 20,268,662 units of the Company ("Units") at a price per Unit of C$0.26 for aggregate gross proceeds of approximately C$5.3 million. Pursuant to the Offering, Teck Resources Limited ("Teck") acquired 1,141,000 Units and, following closing, holds approximately 9.3% of the issued and outstanding common shares of the Company (on a partially diluted basis) ("Common Shares").

Darren Klinck, President of Arras, commented, "We are very pleased to close this upsized financing and wish to acknowledge and express appreciation for the strong endorsement our shareholders, including Teck, have shown in supporting the next exploration phase for Arras in Kazakhstan. Our third summer field program is well-underway and we look forward to having steady news flow over the coming months from the more than 3,300 sq km land package we have assembled in northeastern Kazakhstan. During 2024, we expect to be drill-testing targets at Elemes, Tay as well as on projects within the Arras-Teck Strategic Exploration Alliance. As an early-mover into Kazakhstan approximately three years ago, Arras is well-positioned to continue to rapidly evaluate, advance and test copper-gold targets across the third largest land package assembled for copper exploration in the country."

Each Unit is comprised of one (1) Common Share and one-half of one (1/2) non-transferable Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one (1) additional Common Share at a price of C$0.40 for a period of (3) years from the closing of the Offering (the "Expiry Date").

In the event the volume weighted average trading price of the Common Shares on the TSX Venture Exchange (the "TSXV") meets or exceeds C$0.60 for fifteen (15) consecutive trading days at any time after four months and one day following closing of the Offering, the Company shall have the option, but not the obligation, at any time thereafter to accelerate the Expiry Date to a date that is thirty (30) days following the date of issuance of a news release by the Company announcing the acceleration of the Expiry Date.

The securities issued pursuant to the Offering are subject to a four-month hold period in Canada are subject to U.S. resale restrictions under U.S. securities laws as applicable. Finders fees were paid on a portion of the Offering.

Certain insiders have participated in the Offering and thus a portion of the Offering constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, the Company is exempt from obtaining a formal valuation and minority approval of the Company's shareholders as the fair market value of the insider participation is below 25% of the Company's market capitalization as determined in accordance with MI 61-101.

The net proceeds of the Offering will be used to advance exploration activities at the Company's projects in northeastern Kazakhstan and for general corporate purposes.

Qualified Person: The scientific and technical disclosure for this news release has been prepared under supervision of and approved by Matthew Booth, Vice President of Exploration, of Arras Minerals Corp., a Qualified Person for the purposes of NI 43-101. Mr. Booth has over 19 years of mineral exploration experience and is a Qualified Person member of the American Institute of Professional Geologists (CPG 12044).

On behalf of the Board of Directors

"Darren Klinck"

Darren Klinck
President and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@arrasminerals.com

Further information can be found on:

the Company's website pr.report or
follow us on LinkedIn: pr.report or
follow us on X (formerly Twitter): pr.report

About Arras Minerals Corp.
Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue). In December 2023, the Company entered into a strategic alliance with Teck Resources Limited ("Teck") in which Teck will sole fund a US$5 million generative exploration program over a portion of the Arras license package in 2024-2025 focusing on critical minerals. The Company's shares are listed on the TSXV under the trading symbol "ARK".

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding the Offering, future events and Arras' future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding the Offering, the receipt of TSXV and other required regulatory and third party approvals in respect of the Offering, exercise of the Company's acceleration right in respect of the Warrants (or the satisfaction of the acceleration condition in respect thereof), use of the net proceeds of the Offering by the Company, and plans and expectations of the exploration program Arras is in the process of undertaking. These statements are based on current expectations, estimates, forecasts, and projections about Arras' exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras' management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management's control, including investor interest in the Offering and perception of the Company and its business and assets, regulatory approval of the Offering, changes to the market price for the Company's securities, changes to economic conditions, changes to metals and commodity prices, price of inputs, expected costs and timelines to achieve the Company's goals, that general business and economic conditions will not change in a materially adverse manner, financing will be available when needed on economically reasonable terms, undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption "Risk Factors" in the Management Discussion and Analysis filed on the Company's profile on SEDAR+ on February 28, 2024 and in the Company's Annual Report on Form 20-F for the fiscal year ended October 31, 2023 filed with the U.S. Securities and Exchange Commission on February 28, 2024 and available at www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this news release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accept responsibility for the adequacy or accuracy of this news release.

SOURCE: Arras Minerals Corp.

[LoneClone] Arras Minerals Announces Additional Increase of Non-Brokered Financing to C$5.2...

LoneClone — 5/29/2024 2:38:26 PM

Arras Minerals Announces Additional Increase of Non-Brokered Financing to C$5.2 Million

accesswire.com

Wednesday, 29 May 2024 12:45 PM

Not for distribution to United States newswire services or for dissemination in the United States.

VANCOUVER, BC / ACCESSWIRE / May 29, 2024 / Arras Minerals Corp. (TSX-V:ARK) ("Arras" or the "Company") announces today that due to further strong demand from existing shareholders, the previously announced non-brokered private placement financing (the "Offering") has been increased to up to C$5.2 million (the "Additional Upsizing").

The Company announced on May 21, 2024 that it had arranged a non-brokered private placement financing of up to 7,692,308 units of the Company ("Units") at a price per Unit of C$0.26 (the "Offering Price") for aggregate gross proceeds of up to C$2 million. On May 28, 2024, due to strong demand, the Company announced an upsizing to C$4.5 million. Following the Additional Upsizing, the Offering will now comprise of up to 20,000,000 Units at the Offering Price for aggregate gross proceeds of up to C$5.2 million. Under the Offering, each Unit shall be comprised of one (1) common share in the capital of the Company (each, a "Common Share") and one-half of one (1/2) non-transferable Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one (1) additional Common Share at a price of C$0.40 for a period of (3) years from the closing of the Offering (the "Expiry Date").

In the event the volume weighted average trading price of the Common Shares on the TSX Venture Exchange (the "TSXV") meets or exceeds C$0.60 for fifteen (15) consecutive trading days at any time after four months and one day following closing of the Offering, the Company shall have the option, but not the obligation, at any time thereafter to accelerate the Expiry Date to a date that is thirty (30) days following the date of issuance of a press release by the Company announcing the acceleration of the Expiry Date.

The Offering is scheduled to close on or about June 4, 2024 and is subject to the approval of the TSXV. The securities issued pursuant to the Offering will be subject to a four-month hold period in Canada and will be subject to U.S. resale restrictions under U.S. securities laws as applicable.

The securities to be sold in the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act"), or any state or other applicable jurisdiction's securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state or other jurisdictions' securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer, solicitation, or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Qualified Person: The scientific and technical disclosure for this news release has been prepared under supervision of and approved by Matthew Booth, Vice President of Exploration, of Arras Minerals Corp., a Qualified Person for the purposes of NI 43-101. Mr. Booth has over 19 years of mineral exploration experience and is a Qualified Person member of the American Institute of Professional Geologists (CPG 12044).

On behalf of the Board of Directors

"Darren Klinck"
Darren Klinck
President and Director

INVESTOR RELATIONS:

+1 604 687 5800
info@arrasminerals.com

Further information can be found on:

the Company's website pr.report or
follow us on LinkedIn: pr.report or
follow us on X (formerly Twitter): pr.report

About Arras Minerals Corp.

Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue). In December 2023, the Company entered into a strategic alliance with Teck Resources Limited ("Teck") in which Teck will sole fund a US$5 million generative exploration program over a portion of the Arras license package in 2024-2025 focusing on critical minerals. The Company's shares are listed on the TSXV under the trading symbol "ARK".

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding the Offering, future events and Arras' future results that are subject to the safe harbors created under the U.S.

Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding the Offering, the participation in the Offering by Teck Resources Limited, the amount of securities that may be sold and proceeds raised by the Company from the Offering, timing of closing of the Offering, the terms to the securities offered under the Offering, the receipt of TSXV and other required regulatory and third party approvals in respect of the Offering, exercise of the Company's acceleration right in respect of the Warrants (or the satisfaction of the acceleration condition in respect thereof), and plans and expectations of the exploration program Arras is in the process of undertaking. These statements are based on current expectations, estimates, forecasts, and projections about Arras' exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras' management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management's control, including investor interest in the Offering and perception of the Company and its business and assets, regulatory approval of the Offering, changes to the market price for the Company's securities, changes to economic conditions, changes to metals and commodity prices, price of inputs, expected costs and timelines to achieve the Company's goals, that general business and economic conditions will not change in a materially adverse manner, financing will be available when needed on economically reasonable terms, undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption "Risk Factors" in the Management Discussion and Analysis filed on the Company's profile on SEDAR+ on February 28, 2024 and in the Company's Annual Report on Form 20-F for the fiscal year ended October 31, 2023 filed with the U.S. Securities and Exchange Commission filed on February 28, 2024 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

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

SOURCE:Arras Minerals Corp.

[LoneClone] Arras Minerals Increases Non-Brokered Financing to C$4.5 Million accesswire.co...

LoneClone — 5/28/2024 12:53:31 PM

Arras Minerals Increases Non-Brokered Financing to C$4.5 Million

accesswire.com

Tuesday, 28 May 2024 06:00 AM

Not for distribution to United States newswire services or for dissemination in the United States

VANCOUVER, BC / ACCESSWIRE / May 28, 2024 / Arras Minerals Corp. (TSXV:ARK) ("Arras" or the "Company") announces today that due to strong demand, the previously announced non-brokered private placement financing (the "Offering") has been increased from up to C$2 million to up to C$4.5 million (the "Upsizing").

Darren Klinck, President of Arras, commented, " We are very pleased with the exceptional strong support from current shareholders in this financing. As we have commenced our third field season in Kazakhstan, it is clear that the progress we have made over the past two years on our project portfolio in the country has advanced a number of very exciting targets. This increased financing will allow us to broaden and expand the program at Elemes and provide flexibility to be opportunistic as our understanding at the Elemes and Tay projects continues to increase."

The Company announced on May 21, 2024 that it had arranged a non-brokered private placement financing of up to 7,692,308 units of the Company ("Units") at a price per Unit of C$0.26 (the "Offering Price") for aggregate gross proceeds of up to C$2 million. Following the Upsizing, the Offering will now comprise of up to 17,307,692 Units at the Offering Price for aggregate gross proceeds of up to C$4.5 million. Under the Offering, each Unit shall be comprised of one (1) common share in the capital of the Company (each, a "Common Share") and one-half of one (1/2) non-transferable Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one (1) additional Common Share at a price of C$0.40 for a period of (3) years from the closing of the Offering (the "Expiry Date").

In the event the volume weighted average trading price of the Common Shares on the TSX Venture Exchange (the "TSXV") meets or exceeds C$0.60 for fifteen (15) consecutive trading days at any time after four months and one day following closing of the Offering, the Company shall have the option, but not the obligation, at any time thereafter to accelerate the Expiry Date to a date that is thirty (30) days following the date of issuance of a press release by the Company announcing the acceleration of the Expiry Date.

The Offering is scheduled to close on or about June 4, 2024 and is subject to the approval of the TSXV. The securities issued pursuant to the Offering will be subject to a four-month hold period in Canada and will be subject to U.S. resale restrictions under U.S. securities laws as applicable.

The securities to be sold in the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act"), or any state or other applicable jurisdiction's securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state or other jurisdictions' securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer, solicitation, or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Qualified Person: The scientific and technical disclosure for this news release has been prepared under supervision of and approved by Matthew Booth, Vice President of Exploration, of Arras Minerals Corp., a Qualified Person for the purposes of NI 43-101. Mr. Booth has over 19 years of mineral exploration experience and is a Qualified Person member of the American Institute of Professional Geologists (CPG 12044).

On behalf of the Board of Directors

"Darren Klinck"

Darren Klinck
President and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@arrasminerals.com

Further information can be found on:

the Company's website pr.report or
follow us on LinkedIn: pr.report or
follow us on X (formerly Twitter): pr.report

About Arras Minerals Corp.

Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue). In December 2023, the Company entered into a strategic alliance with Teck Resources Limited ("Teck") in which Teck will sole fund a US$5 million generative exploration program over a portion of the Arras license package in 2024-2025 focusing on critical minerals. The Company's shares are listed on the TSXV under the trading symbol "ARK".

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding the Offering, future events and Arras' future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding the Offering, the participation in the Offering by Teck Resources Limited, the amount of securities that may be sold and proceeds raised by the Company from the Offering, timing of closing of the Offering, the terms to the securities offered under the Offering, the receipt of TSXV and other required regulatory and third party approvals in respect of the Offering, exercise of the Company's acceleration right in respect of the Warrants (or the satisfaction of the acceleration condition in respect thereof), and plans and expectations of the exploration program Arras is in the process of undertaking. These statements are based on current expectations, estimates, forecasts, and projections about Arras' exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras' management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management's control, including investor interest in the Offering and perception of the Company and its business and assets, regulatory approval of the Offering, changes to the market price for the Company's securities, changes to economic conditions, changes to metals and commodity prices, price of inputs, expected costs and timelines to achieve the Company's goals, that general business and economic conditions will not change in a materially adverse manner, financing will be available when needed on economically reasonable terms, undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption "Risk Factors" in the Management Discussion and Analysis filed on the Company's profile on SEDAR+ on February 28, 2024 and in the Company's Annual Report on Form 20-F for the fiscal year ended October 31, 2023 filed with the U.S. Securities and Exchange Commission filed on February 28, 2024 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

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

SOURCE: Arras Minerals Corp.

[FreedomForAll] More dilution at sub-market prices so the "officers" can get inflated salaries. ...

FreedomForAll — 5/21/2024 11:44:54 AM

More dilution at sub-market prices so the "officers" can get inflated salaries.
Another screw-job to shareholders. Thank you sir, may I have another?
Arras Minerals Announces C$2 Million Non-Brokered Financing
finance.yahoo.com

[LoneClone] Arras Minerals Commences 2024 Field Program on Its 3,300 SQ KM Licence Package ...

LoneClone — 5/14/2024 2:27:11 PM

Arras Minerals Commences 2024 Field Program on Its 3,300 SQ KM Licence Package in Pavlodar, Kazakhstan

accesswire.com

Tuesday, 14 May 2024 06:00 AM

VANCOUVER, BC / ACCESSWIRE / May 14, 2024 / Arras Minerals Corp. (TSXV:ARK) ("Arras" or "the Company") is pleased to announce the commencement of a regional field program across the more than 3,300 square kilometre license package it controls in Pavlodar, Kazakhstan.

Highlights of the Planned 2024 Regional Field Program:

The 2024 Exploration program will target licences associated with the Teck Strategic Alliance, and Arras's 100% owned Elemes and Tay projects.
An extensive airborne and ground geophysics program, followed by a mapping, soil sampling and drill program over the Package A and Package B Licences under the Strategic Alliance with Teck Resources Limited ("Teck").
A geophysics and detailed mapping program followed an initial diamond drill program targeting the Berezski and Aimandai copper targets located within the Elemes Project.
An initial scout KGK program followed by an initial diamond drill program on the Tay Project, targeting the 6.5-kilometre x 2.1-kilometre Induced Polarization ("IP") chargeability anomaly.

Tim Barry, CEO of Arras, commenting on the upcoming 2024 Field Program, stated, "We are very much looking forward to starting the 2024 field program. This will be our third exploration season in Kazakhstan. Over the previous couple of seasons, we have assembled an excellent team of young local geologists, gained hard won experience on how to effectively explore in Kazakhstan, and put in place robust systems which allows us to quickly assess projects and move them to the next stage. Furthermore in 2024, we are very pleased to also have our partner, Teck, working with us. They will provide invaluable additional support via their technical specialists. We are also excited to follow up on our Elemes and Tay prospects and expect to drill them later in the season after refining the targets with additional mapping and geophysics.

The 2024 field program has the potential to be transformative for Arras. We expect to drill at least three new porphyry prospects this year, which when combined with the Beskauga Project which we have under an option to purchase, means we potentially have at least four porphyry prospects controlled by the company. The project portfolio is close to incredible infrastructure and the country is quickly becoming a tier-one destination for copper and gold exploration globally as demonstrated by many of the copper and gold majors establishing a presence in Kazakhstan over the past 6-12 months."

Arras's licence package is located within the Bozshakol-Chingiz metallogenic belt, a belt of rocks that includes the Bozshakol Mine, as well as the Beskauga copper-gold-silver porphyry deposit currently under option by Arras. The licence package is composed of 17 licences and covers just over 3,300 square kilometres in area and is shown in the map below.

Figure 1. Tay concession location in relation to Arras's License Package showing Arras-Teck Strategic Alliance Areas as "Package A" and "Package B" as well as the Elemes, Aimandai, Stepnoe, & Ekidos licenses which are 100% owned by Arras.

Teck Strategic Alliance: The Teck Strategic Alliance targets two "packages" of licences that covers an area totaling 1,736 square kilometres.

A budget of approximately US$2.5M for 2024 has been established for the Alliance package and will include airborne and ground geophysics followed up by mapping, soil sampling, and targeted KGK and potentially diamond drilling. The initial focus will be on Package "A" with work on Package "B" expected to commence in the coming months.

The Elemes Project - the Berezski and Aimandai Targets: The Berezski and Aimandai targets are located within the 531 square kilometre Elemes Project. The Berezski Target is an 8.8-kilometre-long copper anomaly which was announced in February 2024 and contains shallow historical drilling that has yielded notable results such as 132 meters at 0.80% CuEq and 108 meters at 0.94% CuEq from surface. The Aimandai Target is a 14-kilometre x 3.2-kilometre NE-SW trending coherent copper ("Cu") anomaly (>100ppm) which was announced in March 2024 that is parallel to Berezski and approximately five kilometers to the east and has had no known drilling.

Figure 2. The 14-kilometre long Aimandai and 8.8-kilometre long Berezski Copper Targets are shown as NE-SW trending copper soil anomalies. The location of historical drill holes is also shown on the Berezski anomaly. There is no known drilling on the Aimandai anomaly.

The Project benefits from excellent modern infrastructure and ease of accessibility, being located only 20 kilometres from Arras's operational base in the city of Ekibastuz, northeastern Kazakhstan. A paved highway runs through the licence, and within 5 km of the two targets. 1100 KVA power lines and heavy rail all lie within a 15-kilometre radius of the project.

Over the coming months, both targets will be mapped in detail along with ground geophysics to better refine the drill targets. A diamond drill program is planned to follow to test these two exciting new targets.

The Tay Project - The Tay IP Target: The Tay IP Target is a 6.5-kilometre x 2.1-kilometre East-West trending coherent Soviet-era Induced Polarization ("IP") chargeability anomaly located 28 kilometres north of the Bozshakol open pit copper-gold mine, and 85-kilometres from Arras's operational base in the city of Ekibastuz. The entire prospect is masked with unconsolidated cover believed to be 10-40m deep and has received no systematic modern exploration to date.

Figure 3. Tay Property historical Soviet IP Chargeability Anomaly.

The Tay Prospect is strategically situated with outstanding accessibility and local infrastructure, including nearby high voltage power lines, railway, and roads.

Plans are underway to follow up the chargeability anomaly with a KGK drill program which will drill through the overburden and test the top of bedrock to understand the geology and then follow up with a diamond drillhole program to test the chargeability high.

Qualified Person: The scientific and technical disclosure for this news release has been prepared under supervision of and approved by Matthew Booth, Vice President of Exploration, of Arras Minerals Corp., a Qualified Person for the purposes of NI 43-101. Mr. Booth has over 19 years of mineral exploration experience and is a Qualified Person member of the American Institute of Professional Geologists (CPG 12044).

On behalf of the Board of Directors

"Tim Barry"

Tim Barry, MAusIMM CP(Geo)
Chief Executive Officer and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@arrasminerals.com

Further information can be found on:

the Company's website pr.report or
follow us on LinkedIn: pr.report or
follow us on X (formerly Twitter): pr.report

About Arras Minerals Corp.

Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue). In December 2023, the Company entered into a strategic alliance with Teck Resources Limited ("Teck") in which Teck will sole fund a US$5 million generative exploration program over a portion of the Arras license package in 2024-2025 focusing on critical minerals. The Company's shares are listed on the TSX-V under the trading symbol "ARK".

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms "measured resources", "indicated resources", and "inferred resources" which are defined in, and required to be disclosed by, NI 43-101. The Company advises U.S. investors that these terms are not recognized by the SEC. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.

Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras' future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras' exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras' management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management's control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption "Risk Factors" in the Management Discussion and Analysis filed on the Company's profile on SEDAR+ on February 28, 2024 and in the Company's Annual Report on Form 20-F for the fiscal year ended October 31, 2023 filed with the U.S. Securities and Exchange Commission filed on February 28, 2024 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

SOURCE: Arras Minerals Corp.

[LoneClone] Arras Minerals Defines a New 14KM Copper Soil Anomaly on the Elemes Project, Ka...

LoneClone — 3/25/2024 3:07:44 PM

Arras Minerals Defines a New 14KM Copper Soil Anomaly on the Elemes Project, Kazakhstan

accesswire.com

Monday, 25 March 2024 06:00 AM

VANCOUVER, BC / ACCESSWIRE / March 25, 2024 / Arras Minerals Corp. (TSX-V:ARK) ("Arras" or "the Company") is pleased to introduce the results of its soil sampling program over the Aimandai Target, located within its Elemes Project ("Elemes" or the "Project") in northeastern Kazakhstan. The Elemes project is composed of several mineral licences that are 100% owned by Arras and not included in the Teck-Arras Strategic Exploration Alliance announced on December 7, 2023.

pr.report

Highlights from the Soil Sampling program

Identified a second, unexplored 14 km x 3.2 km NE-SW trending coherent copper ("Cu") anomaly (>100ppm) called the "Aimandai Target" located within the Elemes Project.
Large, overlapping Arsenic ("As") anomaly interpreted to be associated with an intermediate - to high sulphidation epithermal system indicating a preserved porphyry system.
Field mapping and sampling has identified coincident altered rocks typical of a porphyry alteration system that has never been drill tested.
The Aimandai Target is a parallel copper anomaly to the "Berezski Target," which Arras announced on February 22, 2024. The Berezski Target is an 8.8-kilometer-long copper anomaly with historical drilling that has yielded notable results such as 132 meters at 0.80% CuEq and 108 meters at 0.94% CuEq from surface. Both the Berezski Target and the Aimandai Target are located within the Elemes Project.

Tim Barry, CEO of Arras Minerals stated, "Our Elemes Project is starting to yield some very exciting potential. Recently we announced the "Berezski Target", an 8.8-kilometer-long copper-in-soil anomaly with historical drill holes spread over a 5-kilometer strike of this anomaly, which intercepted 132.6m @ 0.80% CuEq and 108m @ 0.94% CuEq from surface. In this news release we are now announcing a second parallel copper-in-soil anomaly called the "Aimandai Target", that stretches over a remarkable 14-kilometer strike and is associated with "at surface" porphyry-style alteration that has never been drilled. The large alteration zone and associated arsenic anomaly suggests preservation of the upper and generally higher-grade parts of a porphyry system. In summary, we have now defined what appears to be two parallel, multi-kilometer porphyry-epithermal targets (the Aimandai and Berezski targets) on the Elemes Project, which we intend to develop further in 2024."

Figure 1. The 14-kilometer long Aimandai and 8.8-kilometer long Berezski Copper Targets are shown as NE-SW trending copper soil anomalies. The location of historical drill holes is also shown on the Berezski anomaly. There is no known drilling on the Aimandai anomaly.

Figure 2. Soil sampling alteration map on the Elemes project. The 14-kilometer long Aimandai and 8.8 kilometer long Berezski Targets are shown as NE-SW trending zones which correspond to the mapped alteration. Also shown is the location of historical drill holes on the Berezski anomaly. There is no known drilling on the Aimandai anomaly.

Figure 3. Soil anomaly maps showing copper (Cu), and arsenic (As) for the Berezski and Aimandai Targets located within the Elemes Project. The new Aimandai Target copper soil anomaly highlights a second, 14-kilometer-long parallel porphyry system to the Berezski Target that has never been drill tested.

The Soil Sampling Program: In 2023, a comprehensive soil sampling program was undertaken across the Elemes License area. This program specifically targeted the well-developed "B soil horizon" utilizing a 50-meter sample interval and 200-meter line spacing grid.

This press release announces the analysis results from the final 14,000 samples from this program. The 2023 program collected approximately 31,000 samples were collected and covered an area of 328.5 square kilometers and was completed in November 2023.

The soil analysis was conducted utilizing a Portable X-ray fluorescence device ("pXRF"), a widely employed instrument for determining the elemental composition of samples. Due to the limited sampling area of the pXRF, the results presented in this release are considered "indicative" rather than fully quantitative regarding mineralization.

Despite this limitation, the results have revealed a substantial and coherent copper-in-soil anomaly, with copper concentrations exceeding 100 ppm. Background copper in the area is less than 20 ppm. This anomaly stretches over a remarkable distance of more than 14 kilometers in a northeast to southwest direction and extends to approximately 3.2 kilometers in width from east to west. Limited historic drilling has occurred to the south of this new anomaly exploring a series of outcropping low-sulphidation Au-bearing quartz veins.

The Berezski and Aimandai Targets: are located within the 531 square kilometer Elemes Project. The Project benefits from excellent modern infrastructure and ease of accessibility, being located only 20 kilometers from Arras' operational base in the city of Ekibastuz, northeastern Kazakhstan. A paved highway runs through the license, and within 5 km of the two targets. 1100 KVA power lines and heavy rail all lie within a 15-kilometer radius of the project.

The Elemes Project is located within the Bozshakol-Chingiz metallogenic belt that also hosts the Beskauga porphyry copper-gold-silver project approximately 80 km to the east, and KAZ Minerals' Bozshakol porphyry copper-gold mine approximately 60 km to the northwest.

Figure 4. Arras's License Package showing Arras-Teck Strategic Alliance Areas as "Package A" and "Package B" as well as the Elemes and Beskauga Projects and the Tay license which are 100% owned by Arras.

Sampling Methodology

Samples were collected on a 50m (East-west) by 200m (north-south) grid spacings. Samples were collected from hand-dug pits, trying to consistently sample the B horizon. Approximately 500 grams of material was collected and sieved (5mm mesh size) to review larger particles and organic matter. Following collection, the samples were bagged, dried, and analyzed by the company with a Portable Niton XL5 X-ray fluorescence analyzer at the company's core storage facility in Ekibastuz.

Assay, QAQC Procedures

Analysis was conducted using the company's two Niton XL5 portable XRF units. Units were calibrated at the start and end of each work shift as well as after every 100 samples to verify accuracy. In addition, a measurement from a certified reference material was taken every 20 measurements to ensure accuracy and repeatability of data. In addition, prior to commencement of the measurements, 100 duplicate samples were analyzed using both units to confirm that both units were producing accurate results and that no bias was present in either of the units.

All soil material is stored at Arras' warehouse in Ekibastuz, and the company plans to send a proportion of these samples to ALS Chemex in Karaganda, Kazakhstan for reanalysis with a 4-acid digest ICP-MS61 analysis and for trace gold analysis (using Au-ST43).

Qualified Person: The scientific and technical disclosure for this news release has been prepared under supervision of and approved by Matthew Booth, Vice President of Exploration, of Arras Minerals Corp., a Qualified Person for the purposes of NI 43-101. Mr. Booth has over 19 years of mineral exploration experience and is a Qualified Person member of the American Institute of Professional Geologists (CPG 12044).

On behalf of the Board of Directors

"Tim Barry"

Tim Barry, MAusIMM CP(Geo)

Chief Executive Officer and Director

INVESTOR RELATIONS:

+1 604 687 5800
info@arrasminerals.com

Further information can be found on:

the Company's website pr.report or
follow us on LinkedIn: pr.report or
follow us on X (formerly Twitter): pr.report

About Arras Minerals Corp.

Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue). In December 2023, the Company entered into a strategic alliance with Teck Resources ("Teck") in which Teck will sole fund a US$5 million generative exploration program over a portion of the Arras license package in 2024-2025 focusing on critical minerals. The Company's shares are listed on the TSX-V under the trading symbol "ARK".

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms "measured resources", "indicated resources", and "inferred resources" which are defined in, and required to be disclosed by, NI 43-101. The Company advises U.S. investors that these terms are not recognized by the SEC. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.

Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras' future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras' exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras' management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management's control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption "Risk Factors" in the Management Discussion and Analysis filed on the Company's profile on SEDAR on February 28, 2024 and in the Company's Annual Report on Form 20-F for the fiscal year ended October 31, 2023 filed with the U.S. Securities and Exchange Commission filed on February 28, 2024 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

SOURCE: Arras Minerals Corp.

[LoneClone] Silver Bull Provides Update on Its Arbitration Claim Against Mexico ca.finance...

LoneClone — 2/27/2024 1:40:43 PM

Silver Bull Provides Update on Its Arbitration Claim Against Mexico

ca.finance.yahoo.com

Silver Bull Resources, Inc.
Tue, February 27, 2024 at 3:00 a.m. PST·1 min read

SVBL
+2.16%

VANCOUVER, British Columbia, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (“Silver Bull” or the “Company”) provides an update on progress with its international arbitration claim against the United Mexican States (“Mexico”).

Since our previous update on September 26, 2023, a number of important steps have been achieved in the arbitration process. These include:

The appointment of a three-person arbitration panel (the “Tribunal”) by the International Centre for Settlement of Investment Disputes (“ICSID”). The Tribunal convened its first session with the parties on February 13, 2024.
Engagement of a quantum expert by the Company to assess the Company’s claim. The evaluation is underway and will serve as the foundation for determining the value of Silver Bull’s claim against Mexico.
Establishment of a definitive timeline agreed upon by both parties and the ICSID Tribunal. Silver Bull anticipates filing its Memorial in May 2024, with the Arbitration hearing slated for October 2025.
The Company and its legal representatives at Boies Schiller Flexner continue to prepare the case. Document analysis and interviews with pertinent personnel are progressing as scheduled.

For background on the basis for the arbitration and ongoing updates with respect to the arbitration, please refer to the Company’s website www.silverbullresources.com/news.

Regarding the arbitration proceedings, Silver Bull is being represented by the global law firm, Boies Schiller Flexner, and is financially supported by Bench Walk Advisors via a Litigation Funding Agreement for up to US$9.5 million to finance the case.

On behalf of the Board of Directors
“Tim Barry”

Tim Barry, CPAusIMM
Chief Executive Officer and Director

INVESTOR RELATIONS:
1 604 687 5800 info@silverbullresources.com

Cautionary note regarding forward looking statements: This news release may contain certain information that is forward-looking and is subject to important risks and uncertainties (such statements include statements regarding the final approval of the Private Placement by the Exchange and other statements implying a future state which are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Any forward-looking statements in this document are intended to provide Silver Bull security holders and potential investors with information regarding Silver Bull, including management's assessment of Silver Bull’s future plans and financial outlook. Any forward-looking statements reflect Silver Bull's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. There is no guarantee that the Company will be successful in obtaining Exchange approval in respect of the Private Placement, that any investors shall invest in the Private Placement on the terms outlined herein or at all. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the Company’s filings under Silver Bull’s profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

[LoneClone] Arras Minerals Announces Strategic Alliance With Major Canadian Mining Company ...

LoneClone — 12/7/2023 1:20:58 PM

Arras Minerals Announces Strategic Alliance With Major Canadian Mining Company to Focus on Critical Minerals in Kazakhstan

ca.finance.yahoo.com

Arras Minerals Corp.
Thu, December 7, 2023 at 3:00 a.m. PST·5 min read

ARRKF
-1.1891%

TECK-B.TO
+1.28%

Figure 1

Kazakhstan License Package Showing Arras-Teck Strategic Alliance Areas
A Media Snippet accompanying this announcement is available by clicking on this link.

VANCOUVER, British Columbia, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX-V: ARK) (“Arras” or “the Company”) is pleased to announce it has entered into an agreement (the “Strategic Alliance Agreement” or the “Agreement”) with Teck Resources Limited (“Teck”) to form a Strategic Alliance focusing on exploration for critical minerals on Arras’ strategically located license package in the Bozshakol-Chingiz Magmatic Arc located in Pavlodar, Kazakhstan.

The Strategic Alliance does not include the Beskauga copper-gold project, nor the regional exploration licenses Stepnoe, Ekidos, Aimandai and Elemes.

Highlights:

Teck to solely fund generative exploration work through 2025 with initial expenditures of US$5 million before December 31, 2025, across Package “A” and Package “B” (see map below) totalling approximately 1,736 square kilometres.
Following the initial generative exploration phase, Teck will have the option to select up to four Designated Properties totalling 120 square kilometres each where Teck will fund exploration expenditures of up to US$47.5 million per project to have the right to earn up to a 75% interest in each project.
Teck will reimburse Arras for certain project related expenses made to date by Arras through a US$1 million cash payment on signing and potentially other payments in the future should Teck elect to advance through future phases.
Arras will act as manager for the initial year of the two-year generative program with Teck holding the option to assume the role of manager thereafter.

Tim Barry, CEO, commented, “As an early-mover into Kazakhstan two and a half years ago, following the substantial reforms to the business environment and mining law, Arras has assembled the third-largest land package in the country next to Rio Tinto and Fortescue and is specifically focused on copper in the highly prospective Bozshakol-Chingiz magmatic arc. We recently completed our second summer field season across the regional license package and are now analyzing more than 50,000 soil samples we have collected across the approximately 3,300 square kilometre license package. This program was based on the successful 2022 field program where more than 16,000 soil samples identified new targets to follow up.”

Mr. Barry added, “We believe that the exploration work we have undertaken over the past two summer field seasons representing in most cases the first material modern exploration work done across these licenses since pre-1990, have delineated substantial prospects for a material copper discovery, akin to the successful operations of the Bozshakol and Nurkazgan mines located within the same geological belt.”

Darren Klinck, President, commented, “We are very pleased to be partnering and working with Teck to advance a portion of our regional license package in Kazakhstan. Following their strategic equity investment into Arras last November, this Agreement provides Teck the option to invest significant funds into critical minerals focused exploration through Arras’ project portfolio and it is a clear indication of the potential that exists in the Bozshakol-Chingiz Magmatic Arc. This initiative in Kazakhstan highlights the emerging opportunities in the country and also demonstrates Kazakhstan’s strong position to be a key player globally as the world seeks to secure the necessary critical minerals required over the coming decades.”

Figure 1: Kazakhstan License Package Showing Arras-Teck Strategic Alliance Areas

Kazakhstan License Package Showing Arras-Teck Strategic Alliance Areas

Summary of Strategic Alliance Agreement Terms:

Teck has the option to sole fund US$2.5 million per License Package for a generative exploration program totaling US$5 million through 2025. Of this, US$2 million (US$1 million on each package) is a firm commitment to complete in 2024.
Teck will reimburse previous exploration expenditures made by Arras for the amount US$500,000 for each Package “A” and Package “B” totaling US$1 million.
Following the completion of the initial generative exploration phase of the Strategic Alliance Agreement, Teck will have the option to select up to four Designated Properties from within the Strategic Alliance Agreement Licenses. Each Designated Property shall be contiguous and no larger than 120 square kilometres, with such designation subject to ministerial approval. Teck will make a cash payment of US$500,000 to Arras for each Designated Property as an additional reimbursement for previously invested exploration expenditures.
“First Option”: Teck may elect to sole fund US$5.5 million over the next two years (US$2.5 million committed in Year 1) and on completion will be deemed to own 51% of the Designated Property.
“Second Option”: Teck may elect to sole fund US$18 million over the next three years (US$5 million committed in Year 1) to earn an additional 14% (total of 65%) of the Designated Property.
“Third Option”: Teck may elect to sole fund US$24 million over four years (US$6 million committed in Year 1) to earn an additional 10% (total of 75%) of the Designated Property.
Arras will act as manager for the initial year of the generative exploration phase and Teck will have the right to assume the role of manager thereafter.
Arras and Teck will establish a Technical Committee to develop and review the annual exploration programs, with Teck having final approval.

Elemes, Aimandai, Stepnoe & Ekidos Exploration Licenses

The Elemes, Aimandai, Stepnoe and Ekidos Exploration licenses totaling more than 1,150 square kilometres are not subject to the Strategic Alliance Agreement but Teck will retain a right of first offer over Elemes and Aimandai should Arras wish to seek partnership proposals in the future.

Arras successfully collected more than 30,000 soil samples from the Elemes and Aimandai licenses during the summer field season this year. This program followed up on the inaugural field program in 2022 where new targets were identified. The Company expects to have these samples analyzed and modelled in Q1 2024 and will evaluate opportunities to drill-test certain high-priority targets in 2024.

Webinar – Friday December 8th

The Company will host a webinar to discuss the Strategic Alliance in more detail on Friday December 8th at 800am PST. Please contact the company at info@arrasminerals.com for further information. A replay of the webinar will be made available on the Company website.

Qualified Person: The scientific and technical disclosure included in this news release has been prepared under supervision of, and approved by Tim Barry, Chief Executive Officer, and Director of Arras Minerals Corp., who is also a Member and Chartered Professional Geologist (MAusIMM CP(Geo)) of the Australasian Institute of Mining and Metallurgy. Mr. Barry has sufficient experience, relevant to the styles of mineralization and type of deposits under consideration and to the activity that he is undertaking, to qualify as a Qualified Person (“QP”) for the purposes of National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”).

On behalf of the Board of Directors
"Tim Barry"

Tim Barry, MAusIMM CP(Geo)
Chief Executive Officer and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@arrasminerals.com

Further information can be found on the Company’s website globenewswire.com or follow us on LinkedIn: globenewswire.com or on Twitter: globenewswire.com

About Arras Minerals Corp.

Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue Metals Group). The Company’s shares are listed on the TSX-V under the trading symbol “ARK”.

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras’ future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras’ exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras’ management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management’s control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption “Risk Factors” in the Management Discussion and Analysis filed on the Company’s profile on SEDAR on March 30, 2023 and in the Company’s Annual Report on Form 20-F for the fiscal year ended October 31, 2022 filed with the U.S. Securities and Exchange Commission filed on February 24, 2023 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

A photo accompanying this announcement is available at globenewswire.com

[LoneClone] Silver Bull Announces Closing of Non-Brokered Private Placement Pursuant to Lis...

LoneClone — 10/31/2023 12:58:44 PM

Silver Bull Announces Closing of Non-Brokered Private Placement Pursuant to Listed Issuer Financing Exemption

ca.finance.yahoo.com

Silver Bull Resources, Inc.
Tue, October 31, 2023 at 5:30 a.m. PDT·3 min read

SVBL
+16.9014%

VANCOUVER, British Columbia, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (“Silver Bull” or the “Company”) is pleased to announce that, further to its news release of October 16, 2023, subject to approval of the Toronto Stock Exchange (the “Exchange”), it has closed its non-brokered private placement (the “Private Placement”), issuing a fully subscribed 11,685,000 units (the “Units”) at a price of C$0.11 per Unit, for aggregate gross proceeds of $1,285,350.

Each Unit consists of one (1) share of common stock of the Company (a “Common Share”) and one half of one (1/2) common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant is exercisable to acquire one (1) additional Common Share at an exercise price of C$0.13 for a period of five (5) years from the closing date of the Private Placement.

The Company paid an aggregate of C$19,656.30 in finder’s fees to PI Financial Corp, Research Capital Corporation, and Haywood Securities Inc. The Company anticipates using the proceeds from the Private Placement for general working capital and corporate purposes, including investigation and potential acquisition of additional exploration projects.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the securities were offered for sale to purchasers resident in Canada and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”), as well as other available exemptions under NI 45-106. The securities issued pursuant to the Listed Issuer Financing Exemption are not subject to a hold period pursuant to applicable Canadian securities laws but may be subject to hold periods and legended in accordance with the requirements of the Exchange, if applicable. Securities issued pursuant to the Private Placement will be subject to a hold period under applicable U.S. securities laws, which will expire six months from the date of the closing of the Private Placement.

The securities issued under the Private Placement have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom.

In connection with the Listed Issuer Financing Exemption, the Company filed an offering document on October 16, 2023, that can be accessed under the Company’s profile on SEDAR+ at www.sedarplus.ca and at www.silverbullresources.com.

Certain directors and management of the Company purchased 2,100,000 Units (C$231,000) in the Private Placement. Their participation in the Private Placement constitutes a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, the Company is exempt from obtaining a formal valuation and minority approval of the Company’s shareholders as the fair market value of the participation by these directors and management in the Private Placement is below 25% of the Company’s market capitalization as determined in accordance with MI 61-101.

A material change report including details with respect to the related party transaction could not be filed less than 21 days prior to the closing of the Private Placement as the Company did not receive prior confirmation of such participation and the Company deemed it reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the Private Placement in an expeditious manner.

On behalf of the Board of Directors
“Tim Barry”

Tim Barry, CPAusIMM
Chief Executive Officer and Director

INVESTOR RELATIONS:
1 604 687 5800 info@silverbullresources.com

Cautionary note regarding forward looking statements: This news release may contain certain information that is forward-looking and is subject to important risks and uncertainties (such statements include statements regarding the final approval of the Private Placement by the Exchange and other statements implying a future state which are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Any forward-looking statements in this document are intended to provide Silver Bull security holders and potential investors with information regarding Silver Bull, including management's assessment of Silver Bull’s future plans and financial outlook. Any forward-looking statements reflect Silver Bull's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. There is no guarantee that the Company will be successful in obtaining Exchange approval in respect of the Private Placement, that any investors shall invest in the Private Placement on the terms outlined herein or at all. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the Company’s filings under Silver Bull’s profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

[FreedomForAll] And the shareholders get hosed again ... and again. This management has lined th...

FreedomForAll — 10/19/2023 10:29:33 AM

And the shareholders get hosed again ... and again.
This management has lined their pockets from day one at shareholders expense repeatedly.
So, yes, another private "funding" (aka screw stockholders scheme) to pay the scum management for doing nothing for the past 4 years.
finance.yahoo.com
These thieves deserve impalement, not payment.
Next headline: another screw shareholders reverse split.

[LoneClone] When I first was the headline for SVB's latest PR it was partially obscured so a...

LoneClone — 10/16/2023 2:50:03 PM

When I first was the headline for SVB's latest PR it was partially obscured so all I saw was 'Silver Bull Announces Execution of Key Persons'. Things seemed to have taken a sinister turn indeed!

But once you see the whole headline and read the PR you realize that it announces an agreement hands over 12% of any settlement to six people who are deemed to have made substantial contributions to the effort to get reparations under NAFTA from Mexico because they failed to act to restore SVB's access to their Sierra Mojada property in Coahuilla.

I hope there is some left over for us punters...

Silver Bull Announces Execution of Key Persons Retention Agreement

ca.finance.yahoo.com

Silver Bull Resources, Inc.
Fri, October 13, 2023 at 4:13 p.m. PDT·2 min read

SVBL
0.00%

VANCOUVER, British Columbia, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (TSX: SVB, OTCQB: SVBL) (“Silver Bull” or the “Company”) is pleased to announce that following the entering into the litigation funding agreement with Bench Walk Advisors LLC (the “LFA”), the Company has established a Management Retention Agreement (“MRA”), which is a long-term incentive program to retain key personnel of the Company who have important historical information and knowledge to contribute towards the Claim. The MRA provides that if the international arbitration claims against Mexico for breaches of its obligations under NAFTA (the “Claim”) is successful and the Company receives damages proceeds, 12% of the net proceeds will be directed to the MRA for distribution to its participants, which include Timothy Barry, President, CEO and Director, Brian Edgar, Chairman of the Board, Christopher Richards, CFO, Juan Manuel Lopez Ramirez, and David Xuan.

Each participant must satisfy specific Claim related duties and if they do so, each participant may be entitled to a pre-defined percentage of the proceeds received by the MRA.

Certain participants under the MRA constitute related parties of the Company and accordingly the MRA constitutes a “related party transaction” of the Company under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on the exemption from the requirement to obtain a formal valuation pursuant to section 5.5(g) of MI 61-101, which provides an exemption where the criteria set out therein are met.

The Toronto Stock Exchange (the “TSX”) has provided their conditional approval of the MRA, including that the MRA be approved by the Company’s disinterested shareholders at the next Annual Meeting of Shareholders, which will also be sought in compliance with the requirements for minority shareholder approval under MI 61-101.

On behalf of the Board of Directors
“Tim Barry”

Tim Barry, CPAusIMM
Chief Executive Officer and Director

INVESTOR RELATIONS:
1 604 687 5800 info@silverbullresources.com

Cautionary note regarding forward looking statements: This news release may contain certain information that is forward-looking and is subject to important risks and uncertainties (such statements include statements regarding the terms and payment of any amounts under the MRA, final approval of the MRA by the Exchange, any, shareholder approval in respect of the MRA will be obtained and other statements implying a future state which are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Any forward-looking statements in this document are intended to provide Silver Bull security holders and potential investors with information regarding Silver Bull, including management's assessment of Silver Bull’s future plans and financial outlook. Any forward-looking statements reflect Silver Bull's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. There is no guarantee that the Company will be successful in obtaining TSX or shareholder approval in respect of the MRA. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the Company’s filings under Silver Bull’s profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

[LoneClone] Arras Drilling Expands Resource Potential 1km to the South and Intercepts 500 ...

LoneClone — 9/19/2023 12:32:57 PM

Arras Drilling Expands Resource Potential 1km to the South and Intercepts 500 Metres of Continuous Cu-Au-Ag Mineralization at Its Beskauga Licence in Kazakhstan

ca.finance.yahoo.com

Arras Minerals Corp.
Tue, September 19, 2023 at 3:00 a.m. PDT·5 min read

Table 1.

Summary table for drill holes Bg23025, Bg23026 and Bg23027
Figure 1.

Location of the holes completed to date as part of Arras’ planned 30,000-metre drill program on the Beskauga Main deposit and wider area. The surface projection of the block model from the current NI-43-101 Mineral Resource Estimate is shown for copper. Map also showing position of cross-section A-A’, located 1.0 km from the Beskauga main deposit, with NW-SE drilling fence of drill holes Bg23025, Bg23026 and Bg23027.

Figure 2.

Cross-section showing drill holes Bg23025, Bg23026 and Bg23027 in relation to historical drill hole Bg-47 drilled by Copperbelt. CuEq grades of key intercepts in Bg23025, Bg23026 and Bg23027 and historical hole are shown. The cross-section demonstrating structurally controlled mineralization trending to the West down the dip of structures, largely focused within the zones of weak argillic overprint.

VANCOUVER, British Columbia, Sept. 19, 2023 (GLOBE NEWSWIRE) --Arras Minerals Corp. (TSX-V: ARK) (“Arras” or “the Company”)is pleased to announce assay results from holes Bg23025, Bg23026 and Bg23027 from the ongoing drill program at the Beskauga copper-gold deposit and surrounding area (“Beskauga” or the “Project”).

Highlights Include:

A 1 km drill step out from main deposit shows continued mineralization:Holes Bg23025 & Bg23026 were drilled 1 kilometer outside of the main mineral resource at Beskauga and returned 500m+ zones of continuous mineralization.
Bg23026: 570.5 m of mineralization grading 0.27% copper-equivalent (“CuEq”) -(0.23 g/t gold (“Au”), 0.08 % copper (“Cu”), 0.42 g/t silver (“Ag”)) starting at 29.0 m.
- Including:127.0 m grading 0.57 % CuEq- (0.49 g/t Au, 0.17% Cu, 0.77 g/t Ag) starting at 155.0 m depth down-hole.

Bg23025: 504.3 m of mineralization grading 0.19% copper-equivalent (“CuEq”) -(0.16 g/t gold (“Au”), 0.06 % copper (“Cu”), 0.34 g/t silver (“Ag”)) starting at 31.0 m.
- Including:21.0 m grading 0.77 % CuEq -(0.76 g/t Au, 0.17% Cu, 0.70 g/t Ag) starting at 104.0 m depth down-hole.
- Including:69.0 m grading 0.45 % CuEq -(0.39 g/t Au, 0.12% Cu, 0.70 g/t Ag) starting at 420.0 m depth down-hole.

Tim Barry, CEO, commented,“It is very pleasing to see long continuous zones of mineralization drilled well outside the existing resource at Beskauga. It is also particularly pleasing to see zones of high-grade mineralization grading up 1.16% CuEq over 11 meters and 0.77% CuEq over 21 meters within these longer intercepts. The key take away from these holes are as follows:

1 : The 1 kilometer step out suggests there is plenty of opportunity to grow the Beskauga Deposit
2 : The mineralization is continuous and contains wide zones of high-grade mineralization
3 : Mineralization remains open at depth and open to the south indicating further explorationopportunities and potential resource expansion.”

A summary of the results announced in this news release is outlined in the table below.

Summary table for drill holes Bg23025, Bg23026 and Bg23027

Table 1. Summary table for drill holes Bg23025, Bg23026 and Bg23027
Notes: Copper Equivalent (“CuEq”) grades reported for the drill holes at Beskauga were calculated using the following formula: CuEq % = Copper (%) + (Gold (g/t) x 0.8264) + (Silver (g/t) x 0.0107) + (Molybdenum (ppm) x 3.3333). Gold Equivalent (“AuEq”) grades reported for the drill holes at Beskauga were calculated using the following formula: AuEq g/t = Gold (g/t) + (Copper (%) x 1.2100) + (Silver (g/t) x 0.0129) + (Molybdenum (ppm) x 4.0334). Assumptions used for the copper and gold equivalent calculations were metal prices of US$3.00/lb. Copper, US$1,700/oz Gold, US$22/oz Silver, US$10/lb. Molybdenum, and metallurgical recoveries were assumed to be 90%.

Results of Bg23025, and Bg23026:

Bg23025:Was strategically positioned aimed to test a cluster of historical KGK drill hole samples that tested the top of the bed rock buried by younger sediments and which contained gold values ranging from 0.32 to 1.18 grams per tonne (g/t) Au. Additionally, it targeted a magnetic anomaly associated with potassic-altered Quartz Monzonite.

The drill hole encountered quartz monzonite with sporadic K-feldspar vein alteration, along with intermittent argillic (illite) alteration primarily influenced by fault structures. Within the quartz monzonite, mineralization consists of quartz-pyrite-chalcopyrite veins, occasionally enriched in molybdenite, particularly at greater depths, and sporadically featuring magnetite. The drilling reached a total depth of 535.3 meters.

Bg23026:The primary objective of this hole to assess a linear NE-SW trending magnetic low, as well as a zone of intense argillic alteration previously identified in KGK drilling.

The drill hole intersected quartz monzonite, displaying occasional, localized K-feldspar vein alteration, and exhibiting a weak argillic (illite) overprint, primarily influenced by fault structures. The dominant mineralization in this zone comprises quartz-pyrite-chalcopyrite veins. These veins are accompanied by sporadic occurrences of molybdenite, which are observed from the surface down to depths of up to 470 meters. It's worth noting that the presence of magnetite within the veins is less pronounced in comparison to what was encountered in drill hole Bg23025. The drilling operation was successfully completed at a depth of 570.5 meters.

Location of the holes completed to date as part of Arras’ planned 30,000-metre drill program on the Beskauga Main deposit and wider area. The surface projection of the block model from the current NI-43-101 Mineral Resource Estimate is shown for copper. Map also showing position of cross-section A-A’, located 1.0 km from the Beskauga main deposit, with NW-SE drilling fence of drill holes Bg23025, Bg23026 and Bg23027.

Figure 1.Location of the holes completed to date as part of Arras’ planned 30,000-metre drill program on the Beskauga Main deposit and wider area. The surface projection of the block model from the current NI-43-101 Mineral Resource Estimate is shown for copper. Map also showing position of cross-section A-A’, located 1.0 km from the Beskauga main deposit, with NW-SE drilling fence of drill holes Bg23025, Bg23026 and Bg23027.

Cross-section showing drill holes Bg23025, Bg23026 and Bg23027 in relation to historical drill hole Bg-47 drilled by Copperbelt. CuEq grades of key intercepts in Bg23025, Bg23026 and Bg23027 and historical hole are shown. The cross-section demonstrating structurally controlled mineralization trending to the West down the dip of structures, largely focused within the zones of weak argillic overprint.

Figure 2.Cross-section showing drill holes Bg23025, Bg23026 and Bg23027 in relation to historical drill hole Bg-47 drilled by Copperbelt. CuEq grades of key intercepts in Bg23025, Bg23026 and Bg23027 and historical hole are shown. The cross-section demonstrating structurally controlled mineralization trending to the West down the dip of structures, largely focused within the zones of weak argillic overprint.

Qualified Person:The scientific and technical disclosure for the Quartzite Gorka Project included in this news release has been prepared under supervision of and approved Tim Barry, Chief Executive Officer, and Director of Arras Minerals Corp., who is also a Member and Chartered Professional Geologist (MAusIMM CP(Geo)) of the Australasian Institute of Mining and Metallurgy. Mr. Barry has sufficient experience, relevant to the styles of mineralization and type of deposits under consideration and to the activity that he is undertaking, to qualify as a Qualified Person (“QP”) for the purposes of National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”).

On behalf of the Board of Directors
"Tim Barry"

Tim Barry, MAusIMM CP(Geo)
Chief Executive Officer and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@arrasminerals.com

Further information can be found on the Company’s websitehttps://www.globenewswire.com/Tracker?data=vHVFHvtiYMuqnw49kM0TCCEtBBIz37wOQYPR9P9Wf__1FFtafhROMOrch0iMo6V0SZf1Vy51PSOtMvCVl9ayKkLMq9zuxIkPTS9V-k52pDriQ8L2sJTpKq_p65IqpkWgor follow us on LinkedIn:https://www.globenewswire.com/Tracker?data=vHVFHvtiYMuqnw49kM0TCNl1sotnUZ5S9Hah0eqQuo3EcoqtJ0DaWVdp41oDlPXLEM2i4kWfqt5w1GDdf0KADJgmtnSEvnMk1Vl4mMGjPj42RP5yovuttMpeCLtMz9lha_8E_2yZa5Ra0pLw9vorpFK5VcQEOgqsIlmJXrLKobc=or on Twitter:https://www.globenewswire.com/Tracker?data=vHVFHvtiYMuqnw49kM0TCM1kV9LhGDokrbeqtVj8cqPFtbVCXwBLUsBVIyKpCrjGEQgUV3FwVyVDnQLsLZKEHwQRjfxL5rg4G284x7yaq-zyM5i7rPl7XLoKbbaPe5Rr

About Arras Minerals Corp.

Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue Metals Group). The Company’s shares are listed on the TSX-V under the trading symbol “ARK”.

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources:This press release uses the terms “measured resources”, “indicated resources”, and “inferred resources” which are defined in, and required to be disclosed by, NI 43-101. The Company advises U.S. investors that these terms are not recognized by the SEC. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.

Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Cautionary note regarding forward-looking statements:This news release contains forward-looking statements regarding future events and Arras’ future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras’ exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras’ management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions and references to futureperiods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management’s control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption “Risk Factors” in the Management Discussion and Analysis filed on the Company’s profile on SEDAR on March 30, 2023 and in the Company’s Annual Report on Form 20-F for the fiscal year ended October 31, 2022 filed with the U.S. Securities and Exchange Commission filed on February 24, 2023 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

Photos accompanying this announcement are available at:

globenewswire.com

globenewswire.com

globenewswire.com

[LoneClone] Silver Bull Secures US$9.5M Litigation Funding to Pursue Damages Claim Against t...

LoneClone — 9/6/2023 12:45:41 PM

Silver Bull Secures US$9.5M Litigation Funding to Pursue Damages Claim Against the Mexican Government

ca.finance.yahoo.com

Silver Bull Resources, Inc.
Wed, September 6, 2023 at 6:00 a.m. PDT·5 min read

VANCOUVER, British Columbia, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Silver Bull Resources Inc. (TSX: SVB, OTCQB: SVBL) (“Silver Bull” or the “Company”) is pleased to announce that it has secured funding for its international arbitration proceedings against the United Mexican States (“Mexico”) under the Agreement between the United States of America, Mexico, and Canada (the “USMCA”) and the North American Free Trade Agreement (“NAFTA”).

HIGHLIGHTS

Silver Bull’s CEO, Mr. Tim Barry commented, “Whilst it had been Silver Bull’s intention to continue developing the Sierra Mojada Project, an illegal blockade by a small group of local miners trying to extort and force an underserved royalty payment from the Company began in September 2019 and continues to this day. Despite numerous requests to the Mexican Government to uphold the law and end the illegal blockade, the Government failed to act, preventing Silver Bull from accessing the site for over four years and preventing the Company from conducting its lawful business in Mexico. The direct actions and inactions by the Mexican Government has driven away investors from the project and resulted in the expropriation of the Sierra Mojada project.

“The substantial litigation funding secured under the LFA is a testament to the strength of Silver Bull’s claims. The US$9.5 million funding facility is non-dilutive to Silver Bull shareholders and will cover the full legal budget of the claim, expert, and ancillary costs, as well as Silver Bull’s operating expenses. Bench Walk will have a contingent entitlement to damages in the event that damages are awarded.”

Mr. Barry continued, “We note that other companies have successfully enforced their rights through international arbitration and received substantial sums for damages. Recent examples of this include (i) a US$110 million award issued by the World Bank International Centre for Settlement of Investment Disputes (“ICSID”) tribunal in August 2023 to Indiana Resources Ltd. regarding the revocation of its mining license by the Tanzanian Government in 2018, which case was led by our legal counsel Tim Foden from BSF, and (ii) a US$5.8 billion award issued by the World Bank ICSID tribunal to Barrick Gold/Antofagasta regarding Pakistan’s unlawful denial of a mining permit for the Reko Diq copper project.”

BACKGROUND TO THE CLAIM: The arbitration has been initiated under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States process, which falls under the auspices of the World Bank’s International Centre for Settlement of Investment Disputes (ICSID), to which Mexico is a signatory.

Silver Bull officially notified Mexico on March 2, 2023 of its intention to initiate an arbitration owing to Mexico’s breaches of NAFTA by unlawfully expropriating Silver Bull’s investments without compensation, failing to provide Silver Bull and its investments with fair and equitable treatment or full protection and security, and not upholding NAFTA’s national treatment standard.

Silver Bull held a meeting with Mexican government officials in Mexico City on May 30, 2023, in an attempt to explore amicable settlement options and avoid arbitration. However, the 90-day period for amicable settlement under NAFTA expired on June 2, 2023, without a resolution.

Despite repeated demands and requests for action by the Company, Mexico’s governmental agencies have allowed the unlawful blockade to continue, thereby failing to protect Silver Bull’s investments. Consequently, Silver Bull will seek to recover an amount of approximately US$178 million in damages that it has suffered due to Mexico’s breach of its obligations under NAFTA, which includes sunk costs of approximately US$82.5 million, usually considered minimum damages in such cases.

THE SIERRA MOJADA DEPOSIT: Silver Bull’s only asset is the Sierra Mojada deposit located in Coahuila, Mexico. Sierra Mojada is an open pittable oxide deposit with a NI 43-101 compliant Measured and Indicated “global” Mineral Resource of 70.4 million tonnes grading 3.4% zinc and 38.6 g/t silver for 5.35 billion pounds of contained zinc and 87.4 million ounces of contained silver. Included within the “global” Mineral Resource is a Measured and Indicated “high grade zinc zone” of 13.5 million tonnes with an average grade of 11.2% zinc at a 6% cutoff, for 3.336 billion pounds of contained zinc, and a Measured and Indicated “high grade silver zone” of 15.2 million tonnes with an average grade of 114.9 g/t silver at a 50 g/t cutoff for 56.3 million contained ounces of silver. Mineralization remains open in the east, west, and northerly directions.

For a full summary of the Sierra Mojada resource, please refer to Silver Bull’s news release located at the following link:

silverbullresources.com

On behalf of the Board of Directors
“Tim Barry”

Tim Barry, CPAusIMM
Chief Executive Officer and Director

INVESTOR RELATIONS:
1 604 687 5800 info@silverbullresources.com

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Mineral Resources: In October 2018, the U.S. Securities and Exchange Commission (the “SEC”) approved final rules requiring comprehensive and detailed disclosure requirements for issuers with material mining operations. The provisions in Industry Guide 7 and Item 102 of Regulation S-K have been replaced with a new subpart 1300 of Regulation S-K (“S-K 1300”) under the Securities Act of 1933 (the “Securities Act”). The Company will be required to comply with these new rules in its disclosures since the fiscal year ending October 31, 2022. The requirements and standards under S-K 1300 differ from those under Canadian securities laws. This news release uses the terms “measured mineral resources”, “indicated mineral resources”, and “inferred resources” which are defined in, and required to be disclosed by, NI 43-101 under guidelines set out in the Definition Standards for Mineral Resources and Mineral Reserves adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council. While the terms are substantially similar to the same terms defined under S-K 1300, there are differences in the definitions. Accordingly, there is no assurance any mineral resources or mineral reserves that the Company may report under NI 43-101 will be the same as resource or reserve estimates prepared under the standards adopted under S-K 1300. The estimation of measured, indicated and inferred mineral resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred mineral resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of mineral resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.

Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this news release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Cautionary note regarding forward-looking statements: This news release may contain certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Any forward-looking statements in this document are intended to provide Silver Bull security holders and potential investors with information regarding Silver Bull, including management's assessment of Silver Bull’s future plans and financial outlook, and the Company’s pursuit of international arbitration claims against Mexico. Any forward-looking statements reflect Silver Bull's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. There is no guarantee that the Company will be successful in enforcing its rights with respect to Mexico through international arbitration or in recovering any damage award in connection therewith. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the Company’s filings under Silver Bull’s profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Litigation Funding Agreement (“LFA”) signed with Bench Walk Advisors LLC (“Bench Walk”) to pursue international arbitration claims against Mexico for breaches of its obligations under NAFTA.

The LFA facility is available for immediate draw down and provides funding to cover legal, tribunal and external expert costs and corporate operating expenses associated with the Company.

US$9.5 million is provided as a purchase of a contingent entitlement to damages in the event that a damages award is recovered from Mexico.

Legal counsel for the claim is Boies Schiller Flexner (UK) LLP (“BSF”), an international law firm with extensive experience in international investment arbitration concerning mining and other natural resources, to act on its behalf. The BSF Team will be led by Timothy L. Foden, a noted practitioner in the mining arbitration space.

The arbitration arises from Mexico’s unlawful expropriation and other unlawful treatment of Silver Bull and its investments resulting from an illegal blockade of Silver Bull’s Sierra Mojada project that began in September 2019 and continues to this day.

[LoneClone] Mexico hit by trade arbitration proceedings from Canadian, US firms ca.finance....

LoneClone — 7/24/2023 2:03:07 PM

Mexico hit by trade arbitration proceedings from Canadian, US firms

ca.finance.yahoo.com

Reuters
Sat, July 22, 2023 at 3:04 p.m. PDT·1 min read

MEXICO CITY, July 22 (Reuters) - Mexico has been hit with three sets of trade arbitration proceedings in the past few days, according to the International Centre for Settlement of Investment Disputes (ICSID).

First Majestic Silver and Silver Bull Resources, both Canadian companies, as well as U.S. food firm Arbor Confections have filed cases against Mexico, ICSID said in brief statements issued between Thursday and Friday.

The proceedings all invoked the North American Free Trade Agreement (NAFTA) and the United States-Mexico-Canada Agreement (USMCA) which replaced NAFTA. The statements did not set out what sort of redress the companies were seeking.

In June, Silver Bull said it would likely soon be filing a request for arbitration against Mexico over its Sierra Mojada project on a claim worth at least $178 million.

Arbitration magazine CIAR Global said the Arbor Confections claim relates to a leasing contract for an industrial warehouse in the border city of Ciudad Juarez. The firm could not immediately be reached for comment.

In 2021, First Majestic said it had started arbitration proceedings against Mexico following a tax dispute. It was not clear if and how the latest filing related to that issue. The company did not immediately respond to a request for comment.

The administration of President Andres Manuel Lopez Obrador has sought to tighten state control of natural resources and the energy market, sparking trade disputes with the United States and Canada over the energy sector and corn.

[LoneClone] Arras Minerals Reports First High-Grade Gold and Silver in Grab Samples From the...

LoneClone — 7/11/2023 2:40:23 PM

Arras Minerals Reports First High-Grade Gold and Silver in Grab Samples From the Elemes License

ca.finance.yahoo.com

Arras Minerals Corp.
Tue, July 11, 2023 at 3:00 a.m. PDT·7 min read

Figure 1.

Arras Minerals License Package (Pavlodar, Kazakhstan)
Table 1.

Grab samples with over 5.0 g/t Au from the Karagandy-Ozek prospect.
Figure 2.

Samples from the Karagandy-Ozek project on Elemes license
Figure 3.

Location of the Soviet-era trenches re-sampled by Arras at the Karagandy-Ozek project, Elemes license, showing gold assays (g/t) for the grab samples.
Figure 4.

Location of the Soviet-era trenches re-sampled by Arras at the Karagandy-Ozek project, Elemes license, showing silver assays (g/t) for the grab samples.
Figure 5.

Location of the Soviet-era trenches re-sampled by Arras in the northern zone of the Karagandy-Ozek project, Elemes license, showing gold assays (g/t) for the grab samples. Note the potential for parallel vein systems to the NW and SE, as indicated by limited historical drilling. Mineralization remains open to the NE.

VANCOUVER, British Columbia, July 11, 2023 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX-V: ARK) (“Arras” or “the Company”) is pleased to announce the results of 135 grab samples taken from Soviet-era exploration trenches at the Karagandy-Ozek project (“Karagandy-Ozek” or the “Project”) located within the Company’s Elemes exploration licence (“Elemes” or the “Licence”) in northeastern Kazakhstan.

Highlights include:

A total of 135 grab samples, collected by Arras, have returned grades up to 29 grams per tonne (“g/t”) gold (“Au”), 287 g/t silver (“Ag”) and 238 g/t tellurium (“Te”), with average grades of 3.5 g/t Au, 15.3 g/t Ag and 18.7 ppm Te.

The northern most trenches delineate a zone of high-grade Au mineralization of at least 650 meters that remains entirely open to the NE. The average grade for 63 grab samples collected from the northern zone is 5.6 g/t Au, 20.4 g/t Ag and 29.5 ppm Te.

The mineralization is interpreted as a low sulfidation epithermal gold-silver deposit that forms part of a far larger porphyry-epithermal system within the Elemes license that includes the Berezki Central and Berezki East porphyry copper-gold prospects, and Quartzite Gorka breccia-hosted intermediate sulfidation epithermal copper-gold-silver-lead-zinc prospect.

Located to the nearby past-producing, high-grade epithermal Au-Ag Aimandai mine.

Tim Barry, CEO, commented, “We are very pleased with our first pass sampling program of the Elemes licence. Our mapping and sampling program suggests we have a fully intact, and largely unexplored epithermal and porphyry system. It should be noted that the mineralization identified in the Elemes licence is a completely different mineralizing system to the Beskauga deposit, which sits 85 kilometers to the east. We believe we are just scratching the surface of the potential of the Bozshakol-Chingiz metallogenic arc and our team is methodically advancing towards establishing drill targets at some of these new areas.”

Arras Minerals License Package (Pavlodar, Kazakhstan)

Figure 1. Arras Minerals License Package (Pavlodar, Kazakhstan)

A summary of grab samples with over 5.0 g/t gold announced in this news release is outlined in the table below.

Table 1. Grab samples with over 5.0 g/t Au from the Karagandy-Ozek prospect.

Grab samples with over 5.0 g/t Au from the Karagandy-Ozek prospect.
The Karagandy Ozek Project: is located within the 425 square kilometer “Elemes” mineral exploration license, which was acquired in 2022. Elemes benefits from excellent modern infrastructure and ease of accessibility, being located only 20 kilometers (“km”) from Arras’ operational base in the city of Ekibastuz, northeastern Kazakhstan. A paved highway runs through the license, and within 1 km of the Karagandy Ozek project. 1,100 KVA power lines, heavy rail, and the Irtysh–Karaganda irrigation canal all lie within a 20 km radius of the project. The past producing high-grade Au-Ag epithermal Aimandai mine is nearby.

The gold-silver-tellurium mineralization at Karagandy-Ozek is hosted in zone of quartz veining (individual veins between 0.5 to 1 m width), that display typical low sulphidation textures including crustiform banding, euhedral crystal infill of vein voids, and bladed textures (quartz after calcite) (Figure 2 below). A zone of strong silicification and argillic (kaolinite-illite-quartz) alteration surrounds the quartz veins.

Samples from the Karagandy-Ozek project on Elemes license

Figure 2. Samples from the Karagandy-Ozek project on Elemes license

The mineralization is interpreted as a low-sulfidation epithermal gold-silver deposit that forms part of a far larger porphyry-epithermal system within the Elemes license. Nearby is the past-producing Aimandai mine, a high-grade epithermal Au-Ag deposit which according to historical Soviet reports has an average resource grade of 24.6 g/t Au and 34.7 g/t Ag with minor copper, lead and zinc.

A high-resolution airborne magnetic survey over the Elemes and 3D inversion of the resulting data demonstrates that Karagandy-Ozek and the aforementioned associated prospects are all located within a 9km x 3.5 km aeromagnetic low feature interpreted to represent magnetite destruction associated with hydrothermal alteration. The airborne survey has significantly improved the Company’s understanding of the structural controls of the mineralization and provided several new drill targets within the Elemes license.

The Elemes license is located within the Bozshakol-Chingiz metallogenic belt that also hosts the Company’s flagship Beskauga porphyry copper-gold-silver project approximately 80 km to the east, and KAZ Minerals’ Bozshakol porphyry copper-gold mine (one of the largest copper resources in Kazakhstan) approximately 60 km to the northwest.

Location of the Soviet-era trenches re-sampled by Arras at the Karagandy-Ozek project, Elemes license, showing gold assays (g/t) for the grab samples.

Figure 3. Location of the Soviet-era trenches re-sampled by Arras at the Karagandy-Ozek project, Elemes license, showing gold assays (g/t) for the grab samples.

Location of the Soviet-era trenches re-sampled by Arras at the Karagandy-Ozek project, Elemes license, showing silver assays (g/t) for the grab samples.
Figure 4. Location of the Soviet-era trenches re-sampled by Arras at the Karagandy-Ozek project, Elemes license, showing silver assays (g/t) for the grab samples.

Location of the Soviet-era trenches re-sampled by Arras in the northern zone of the Karagandy-Ozek project, Elemes license, showing gold assays (g/t) for the grab samples. Note the potential for parallel vein systems to the NW and SE, as indicated by limited historical drilling. Mineralization remains open to the NE.

Figure 5. Location of the Soviet-era trenches re-sampled by Arras in the northern zone of the Karagandy-Ozek project, Elemes license, showing gold assays (g/t) for the grab samples. Note the potential for parallel vein systems to the NW and SE, as indicated by limited historical drilling. Mineralization remains open to the NE.

Assay and QAQC Procedures:

Samples were bagged and sealed in the field to ensure integrity during transport. Average sample weight was 5 to 6 kilograms. All sample preparation and geochemical analysis of the rock samples were undertaken by ALS Global at its laboratories in Karaganda (Kazakhstan) and Loughrea (Republic of Ireland), respectively. ALS preparation and analytical labs are accredited to ISO 17025:2005 UKAS ref 4028 and have internal Quality Assurance and Quality Control (QA/QC) programs for monitoring accuracy and precision. ALS Global is entirely independent of the Company. After drying samples were crushed by ALS to >70% passing below 2 mm and split using a riffle splitter. 250 g splits were pulverized to 85 % passing below -75-microns. A 30 g split of the pulp was analyzed for gold content by fire assay with an Atomic Absorption Spectroscopy (AAS) finish (ALS method: Au-AA25™) at ALS Karaganda. A second pulp split was then air freighted to ALS Loughrea and analyzed for 48 elements by Inductively Coupled Plasma Mass Spectrometry (ICP-MS) after four-acid digestion on a 0.25 g aliquot (ALS method: ME-MS61™). Samples exceeding 100 g/t silver were re-analyzed using a 4-acid digest ICP-MS ore grade method (ALS method: Ag-OG62™).

Qualified Person: The scientific and technical disclosure for the Quartzite Gorka Project included in this news release has been prepared under supervision of and approved Tim Barry, Chief Executive Officer, and Director of Arras Minerals Corp., who is also a Member and Chartered Professional Geologist (MAusIMM CP(Geo)) of the Australasian Institute of Mining and Metallurgy. Mr. Barry has sufficient experience, relevant to the styles of mineralization and type of deposits under consideration and to the activity that he is undertaking, to qualify as a Qualified Person (“QP”) for the purposes of National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”).

On behalf of the Board of Directors
"Tim Barry"

Tim Barry, MAusIMM CP(Geo)
Chief Executive Officer and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@arrasminerals.com

Further information can be found on the Company’s website globenewswire.com or follow us on LinkedIn: globenewswire.com or on Twitter: globenewswire.com

About Arras Minerals Corp.

Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue Metals Group). The Company’s shares are listed on the TSX-V under the trading symbol “ARK”.

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms “measured resources”, “indicated resources”, and “inferred resources” which are defined in, and required to be disclosed by, NI 43-101. The Company advises U.S. investors that these terms are not recognized by the SEC. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.

Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras’ future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras’ exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras’ management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management’s control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption “Risk Factors” in the Management Discussion and Analysis filed on the Company’s profile on SEDAR on March 30, 2023 and in the Company’s Annual Report on Form 20-F for the fiscal year ended October 31, 2022 filed with the U.S. Securities and Exchange Commission filed on February 24, 2023 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

Photos accompanying this announcement are available at globenewswire.com

globenewswire.com

globenewswire.com

globenewswire.com

globenewswire.com

globenewswire.com

[LoneClone] Silver Bull Announces Filing of Request for Arbitration with International Centr...

LoneClone — 6/30/2023 2:23:11 PM

Silver Bull Announces Filing of Request for Arbitration with International Centre for Settlement of Investment Disputes

ca.finance.yahoo.com

Silver Bull Resources, Inc.
Thu, June 29, 2023 at 1:30 p.m. PDT·2 min read

VANCOUVER, British Columbia, June 29, 2023 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (TSX: SVB, OTCQB: SVBL) (“Silver Bull” or the “Company”) announces that it has commenced international arbitration proceedings against the United Mexican States (“Mexico”) under the Agreement between the United States of America, Mexico, and Canada (the “USMCA”) and the North American Free Trade Agreement (the “NAFTA”). The Arbitration arises from Mexico’s unlawful expropriation and other unlawful treatment of Silver Bull and its investments resulting from the illegal blockade of Silver Bull’s Sierra Mojada project.

The arbitration has been initiated under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States process, which falls under the auspices of the World Bank’s International Centre for Settlement of Investment Disputes (ICSID), to which Mexico is a signatory.

Silver Bull officially notified Mexico on March 2, 2023 of its intention to initiate an arbitration owing to Mexico’s breaches of NAFTA by unlawfully expropriating Silver Bull’s investments without compensation, failing to provide Silver Bull and its investments with fair and equitable treatment or full protection and security, and not upholding NAFTA’s national treatment standard. Silver Bull held a meeting with Mexican government officials in Mexico City on May 30, 2023, in an attempt to explore amicable settlement options and avoid arbitration. However, the 90-day period for amicable settlement under NAFTA expired on June 2, 2023, without a resolution.

Despite repeated demands and requests for action by the Company, Mexico’s governmental agencies have allowed the unlawful blockade to continue, thereby failing to protect Silver Bull’s investments. Consequently, Silver Bull will seek to recover an amount of approximately US$178 million in damages that it has suffered due to Mexico’s breach of its obligations under NAFTA, which includes sunk costs of approximately US$82.5 million, usually considered minimum damages in such cases.

The Company has engaged Boies Schiller Flexner (UK) LLP (“BSF”), an international law firm with extensive experience in international investment arbitration concerning mining and other natural resources, to act on its behalf. The BSF Team will be led by Timothy L. Foden, a noted practitioner in the mining arbitration space.

On behalf of the Board of Directors
“Tim Barry”

Tim Barry, CPAusIMM
Chief Executive Officer and Director

INVESTOR RELATIONS:
1 604 687 5800 info@silverbullresources.com

Cautionary note regarding forward looking statements: This release may contain certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Any forward-looking statements in this document are intended to provide Silver Bull security holders and potential investors with information regarding Silver Bull, including management's assessment of Silver Bull’s future plans and financial outlook. Any forward-looking statements reflect Silver Bull's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking information due to new information or future events, unless we are required to by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the company’s filings under Silver Bull’s profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

[LoneClone] Arras Minerals Commences Regional Field Program on 3,300 sq. km License Package ...

LoneClone — 6/20/2023 3:35:38 PM

Arras Minerals Commences Regional Field Program on 3,300 sq. km License Package in Pavlodar, Kazakhstan

ca.finance.yahoo.com

Arras Minerals Corp.
Tue, June 20, 2023 at 3:00 a.m. PDT·4 min read

Figure 1

Arras Minerals License Package in Pavlodar, Kazakhstan
Figure 2

The Bozshakol-Chingiz magmatic arc is an Ordovician aged belt which contains the Bozshakol mine and Arras Minerals Beskauga deposit, and is the focus of Arras’s 3,300 square kilometer license package

VANCOUVER, British Columbia, June 20, 2023 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX-V: ARK) (“Arras” or “the Company”) is pleased to announce the commencement of a regional field program across the more than 3,300 square kilometer license package it controls in Pavlodar, Kazakhstan. This program is a follow-up to the Company’s inaugural field program in 2022.

Highlights of the Planned 2023 Regional Field Program:

Planned soil sampling program to follow-up with 2022 program results focusing at Akkuduk, Besshoky, Nogurbek, Elemes, Aimandai and Bozshakol South licenses. More than 50,000 soil samples are planned, which will be analyzed using a portable X-ray fluorescent (pXRF) analyzer.

Target Mapping will quickly follow up anomalies identified by the soil program.

Where applicable, and to gain a deeper understanding of the geology and any identified mineralization, trenching will also follow up anomalous areas.

An airborne geophysics (magnetics) program across the three newly acquired licenses (Besshoky, Aimandai and Bozshakol South) is planned for later this year.

Tim Barry, CEO of Arras, commenting on the upcoming 2023 Regional Field Program, stated, “We were very pleased with the success of our inaugural field program last year and as a result have identified new, high-quality targets to be followed up on. With the lack of modern exploration activity across much of our license package and in many cases no known exploration activity at all over the past 30-40 years since the collapse of the Soviet Union, we are very excited about advancing on newly identified targets in the Bozshakol-Chingiz Magmatic Arc. The belt is proven to be productive with three known copper porphyries, two of which are highly profitable mining operations to go alongside Arras’ Beskauga deposit. While much of the belt possesses shallow unconsolidated cover, the soil sampling program has proven to be very effective on the licenses where there is some outcrop or subcrop that can be targeted and our geological understanding of the region has subsequently continued to expand rapidly since last year.”

The Company has continued drilling this year on the Beskauga license with one core rig operating focused on expanding the mineral resource at Beskauga Main as well as testing additional targets on the license. The current drill program will pause in the coming weeks to allow for technical information and assays to catchup and be analyzed before a re-start of drilling commences either at Beskauga or potentially pivoting for a program at one of the other license areas.

Arras Minerals License Package in Pavlodar, Kazakhstan

Figure 1. Arras Minerals License Package in Pavlodar, Kazakhstan

A map of the Bozshakol-Chingiz magmatic arc

Figure 2. The Bozshakol-Chingiz magmatic arc is an Ordovician aged belt which contains the Bozshakol mine and Arras Minerals Beskauga deposit, and is the focus of Arras’s 3,300 square kilometer license package

Qualified Person: The technical information of this news release has been reviewed and approved by Tim Barry, a Chartered Professional Geologist MAusIMM CP(Geo), and a qualified person for the purposes of National Instrument 43-101.

Appointment of Market Maker

The Company wishes to advise that, subject to regulatory approval, it has engaged the services of Independent Trading Group ("ITG") to provide market-making services in accordance with TSX Venture Exchange TSXV policies. ITG will trade shares of the Company on the TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares.

Under the agreement, ITG will receive compensation of CAD$5,000 per month, payable monthly in advance. The agreement is for an initial term of three months and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days' notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.

About Independent Trading Group

Independent Trading Group (ITG) Inc. is a Toronto based IIROC dealer-member that specializes in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

On behalf of the Board of Directors
"Tim Barry"

Tim Barry, MAusIMM (CP(Geo))
Chief Executive Officer and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@arrasminerals.com

Further information can be found on the Company’s website globenewswire.com or follow us on LinkedIn: globenewswire.com

About Arras Minerals Corp.

Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue Metals Group). The Company’s shares are listed on the TSX-V under the trading symbol “ARK”.

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms “measured resources”, “indicated resources”, and “inferred resources” which are defined in, and required to be disclosed by, NI 43-101. The Company advises U.S. investors that these terms are not recognized by the SEC. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.

Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras’ future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras’ exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras’ management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management’s control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption “Risk Factors” in the Management Discussion and Analysis filed on the Company’s profile on SEDAR on March 30, 2023 and in the Company’s Annual Report on Form 20-F for the fiscal year ended October 31, 2022 filed with the U.S. Securities and Exchange Commission filed on February 24, 2023 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

Photos accompanying this announcement are available at
globenewswire.com
https://www.globenewswire.com/Tracker?data=ERQvFy2fo3y7Phv1keHtvrb9ghsAecabDrk_YC6SmktyajuHN2NzXLCcWa3UIIAeuPTZMXZXLfvoNUbFlUSgQtUcQhuIqmk9B3T4yinK4pHEgZw4d60FtJlbj9B0toMpXyanleS0MW6LpIBMUxgJ8ETAb5KaCzwI-4B9Dnu9cOuV2Jj8u7719fRu08DiJE4bJhz9VXPAbzhvw9AXUbfWho4oX1nVPTz80sd17Pr0DgFTiYSAhoxurQEMVPxa5eEDkAAEhJ6H-BkNowkG77QQ3w==

[Frankly Speaking] Should be interesting times ahead

Frankly Speaking — 6/6/2023 5:13:47 PM

[LoneClone] Silver Bull Provides Update on Its US$178 Million Legacy NAFTA Claim Against Mex...

LoneClone — 6/6/2023 12:10:27 PM

Silver Bull Provides Update on Its US$178 Million Legacy NAFTA Claim Against Mexico

ca.finance.yahoo.com

Silver Bull Resources, Inc.
Tue, June 6, 2023 at 3:00 a.m. PDT·1 min read

VANCOUVER, British Columbia, June 06, 2023 (GLOBE NEWSWIRE) -- Silver Bull (“the Company”) announces today that it has taken significant steps in its pursuit of compensation regarding the Sierra Mojada Project. On March 2, 2023, the Company served a Notice of Intent with Mexico to initiate a legacy NAFTA claim, seeking damages resulting from the unlawful blockade of its project.

In conformity with NAFTA’s dispute resolution provisions, Mexico extended an invitation for Company representatives to a meeting held in Mexico City on May 30, 2023. The purpose of the meeting was to explore the possibility of reaching an amicable settlement and avoid arbitration. Under NAFTA, the parties had 90 days to mutually resolve the matter, which expired on June 2, 2023.

The Company was represented at this meeting by Brian Edgar, Chairman, two experienced local lawyers, and the Company’s London-based senior legal counsel specializing in representing mining companies in disputes with governments, Timothy Foden of Boies Schiller Flexner LLP.

The next phase of the process entails the Company filing a Request for Arbitration in mid-June, formally commencing the arbitration proceedings. The claim filed by Silver Bull will be for not less than US$178 million dollars.

Having filed the Notice of Intent, Silver has appointed Boies Schiller Flexner LLP, and terminated the engagement of arbitration consultant Mr. Erinn Broshko.

Management is confident that it has successfully assembled the right team to pursue a favorable outcome in the arbitration.

On behalf of the Board of Directors
“Tim Barry”

Tim Barry, CPAusIMM
Chief Executive Officer and Director

INVESTOR RELATIONS:
1 604 687 5800 info@silverbullresources.com

Cautionary note regarding forward looking statements: This release may contain certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Any forward-looking statements in this document are intended to provide Silver Bull security holders and potential investors with information regarding Silver Bull, including management's assessment of Silver Bull’s future plans and financial outlook. Any forward-looking statements reflect Silver Bull's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking information due to new information or future events, unless we are required to by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the company’s filings under Silver Bull’s profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

[LoneClone] Arras Minerals Intercepts 603.7m @ 0.40% CuEq, Including 317.6m @ 0.55% CuEq on ...

LoneClone — 5/25/2023 2:15:13 PM

Arras Minerals Intercepts 603.7m @ 0.40% CuEq, Including 317.6m @ 0.55% CuEq on the Beskauga Licence, Northeastern Kazakhstan

ca.finance.yahoo.com

Arras Minerals Corp.
Thu, May 25, 2023 at 3:00 a.m. PDT·10 min read

Table 1

Summary table for drill holes for this news release is shown below
Figure 1

Location of the holes completed to date as part of Arras’ planned 30,000-metre drill program on the Beskauga Main deposit and wider area. The surface projection of the block model from the current NI-43-101 Mineral Resource Estimate is shown for copper. The inset map in Figure 2 below shows the location of Beskauga Main relative to Beskauga South.

Figure 2

Location of the holes completed to date at the Beskauga South area, located approximately 3.2 kilometres SSW from the Beskauga Main deposit, and outside of the current NI-43-101 Mineral Resource Estimate. The inset map shows the location of Beskauga South relative to Beskauga Main.
Figure 3

Cross-section showing drill holes Bg22021 in relation to historical drill hole Bg-084, Bg-097 and Bg-101. Also shown are grade contours based on the Beskauga block model for copper (only) developed for the purposes of the current Mineral Resource Estimate for Beskauga (for further details, please (see Arras’ press release on June 20, 2022). CuEq grades of key intercepts in Bg22015 and historical holes are shown. The cross-section demonstrates the steep dipping high-grade copper-gold-silver trend observed through Arras’ exploration to date. This trend is observed beginning at the paleo-bedrock surface (41 m in depth) and averages between 200-300 m wide and to be consistently mineralized down to at least 1000 meters.
Figure 4

Cross-section showing drill holes Bg22021 in relation to historical drill hole Bg-084, Bg-097 and Bg-101. Also shown are grade contours based on the Beskauga block model for gold (only) developed for the purposes of the current Mineral Resource Estimate for Beskauga (for further details, please see Arras’ press release on June 20, 2022). AuEq grades of key intercepts in Bg22012 and historical holes are shown. The cross-section demonstrates the steep, southwest dipping high-grade copper-gold-silver trend observed through Arras’ exploration to date. This trend is observed beginning at the paleo-bedrock surface (41 m in depth), to average between 200-300 m wide and to be consistently mineralized down to at least 1000 meters.
Figure 5

Cross-section showing drill holes Bg22022 in relation with previously drilled Bg22011 and Bg22013 and historical holes drilled by Copperbelt. AuEq grades of key intercepts in Bg22022, Bg22011, Bg22013 and historical holes are shown. The cross-section demonstrates structurally controlled mineralization largely focused in the contacts between steep, southwest dipping quartz monzonite intrusion and surrounding porphyritic quartz monzonite and andesite basalts.

VANCOUVER, British Columbia, May 25, 2023 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX.V: ARK) (“Arras”, or the “Company”) is pleased to announce assay results from holes Bg22021, Bg22022, Bg22016, Bg22018 and Bg22019 from the ongoing drill program at the Beskauga copper-gold deposit and surrounding area (“Beskauga” or the “Project”).

Highlights Include:

Bg22021: 603.7 m of mineralization grading 0.40% copper-equivalent (“CuEq”) (0.24 g/t gold (“Au”), 0.19 % copper (“Cu”), 0.86 g/t silver (“Ag”)) starting at 136.0 m.

Including: 317.6 m grading 0.55 % CuEq (0.35 g/t Au, 0.25% Cu, 1.05 g/t Ag) starting at 351.0 m depth down-hole.

Consistent mineralization was seen for the entire length of hole Bg22021 (739.7 m) and further defines a high-grade core to the Beskauga deposit within a lower grade halo.

Bg22022: 546.9 m of mineralization grading 0.14 gram per ton (“g/t”) gold-equivalent (“AuEq”) (0.12 g/t gold (“Au”), 0.01 % copper (“Cu”), 0.1 g/t silver (“Ag”)) starting at 31.1 m to the end of the drill hole.

Including: 65.0 m grading 0.44g/t AuEq (0.41 g/t Au, 0.02% Cu, 0.2 g/t Ag) starting at 105.0 m depth down-hole.

Including: 34.0 m grading 0.30g/t AuEq (0.28 g/t Au, 0.01% Cu, 0.13 g/t Ag) starting at 243.0 m depth down-hole.

Mr. Tim Barry, CEO commented, “Drilling at Beskauga continues to deliver near-surface, broad intervals of significant copper-gold mineralization. Hole Bg22021 also included two zones of high-grade mineralization including 26 meters at @ 1.01% copper equivalent and another zone of 18 meters at 1.41% copper equivalent. These grades are indicative of high-grade zones found throughout the deposit which we continue to review as we explore for the core of this very extensive system.”

Table 1. Summary table for drill holes for this news release is shown below

Summary table for drill holes for this news release is shown below

Notes: Copper Equivalent (“CuEq”) grades reported for the drill holes at Beskauga were calculated using the following formula: CuEq % = Copper (%) + (Gold (g/t) x 0.8264) + (Silver (g/t) x 0.0107) + (Molybdenum (ppm) x 3.3333). Gold Equivalent (“AuEq”) grades reported for the drill holes at Beskauga were calculated using the following formula: AuEq g/t = Gold (g/t) + (Copper (%) x 1.2100) + (Silver (g/t) x 0.0129) + (Molybdenum (ppm) x 4.0334). Assumptions used for the copper and gold equivalent calculations were metal prices of US$3.00/lb. Copper, US$1,700/oz Gold, US$22/oz Silver, US$10/lb. Molybdenum, and metallurgical recoveries were assumed to be 100%.

Bg22021: drill hole was designed as an infill in an untested zone between Arras drill holes Bg21008 and Bg21004 and further tested the eastern boundary of the potassic-altered monzodiorite intrusion (magnetic bullseyes) at Beskauga main Cu-Au deposit. Drill hole also targeted deeper extension of mineralization based on the defined steep SW plunge of Beskauga Main Cu-Au mineralization.

The drill hole started in weak to moderate argillic (Illite-smectite) altered diorite. Diorite Cu-Au mineralization is comprised from quartz-tennantite-chalcopyrite veins and weak tennantite-chalcopyrite dissemination within broad veins halo. Bornite is rarely observed. Diorite is cut by two post mineral porphyritic diorite dykes at 193.5-245.0m and 325.0-330.7m. At 344.1 m after diorite drill hole continued in potassic (biotite, K-Feldspar, magnetite) altered monzodiorite. Monzodiorite mineralization is seen in quartz-pyrite-chalcopyrite veins with weak and rare presence of bornite and molybdenite, and very rarely covellite and tennantite closely related with weak and local - structurally controlled epithermal overprint. Monzodiorite is cut by couple of post mineral porphyritic diorite dykes. After monzodiorite from 668.8 m drill hole ended in weakly potassic (K-Feldspar, magnetite, biotite) altered microdiorite. Microdiorite mineralization is comprised by weak quartz-chalcopyrite-pyrite veins and weak presence of chalcopyrite only veinlets.

Bg22022: drill hole was collared as a step back hole on fence of holes Bg22011 and Bg22013 ( see Arras' press release on March 6 2023) 200 m SW of Bg22013. Tested the continuity and geometry of the strong Au mineralization in these earlier holes and potential of NW-SE striking magnetic low corridor.

Drill hole intersected quartz monzonite with moderate Argillic (illite-smectite) alteration in first 379.0 m from where alteration gradually changed to weak potassic (K-Feldspar, magnetite, epidote) alteration and continues till the end of the drill hole. Quartz monzonite is cut by porphyritic quartz monzonite at 135.0-150.3 m. Unmineralized basaltic andesite is intersected at 311.6-355.8m. Intersected mineralization is mainly related to the quartz-pyrite veins with sporadic mainly weak presence of chalcopyrite, and infrequent quartz-magnetite veins with first appearance starting from 390.0m to the end of the drill hole.

Bg22019: Hole designed as 200 m step back to the SW from drilled hole Bg22016 with aim to test continuation of phyllic altered Diorite hosting Quartz-Pyrite veining intersected in hole Bg22016. Testing strong magnetic low anomaly corresponding with interpreted phyllic magnetite destructive alteration starting from top to the bottom of proposed hole and testing chargeability high anomaly.

The drill hole intersected diorite with strong phyllic (sericite-pyrite) alteration up to 200 m depth where phyllic alteration becomes weaker further down the hole and potassic (K-Feldspar, biotite, magnetite) alteration remnants start prevailing. Weak random Au and Cu mineralization is related mainly with quartz-pyrite (D type) veins having sporadic weak presence of chalcopyrite within the first 300 m of drill hole.

Bg22018: drill hole was drilled at angle of 65 degrees toward northeast to test anomalous KGK copper values going up to 0.47 % and 0.15 g/t Au, and to test demagnetized zone surrounding several discreet mag highs.

With first 154.0 m drill hole intersected weak potassic (magnetite-biotite-epidote-chlorite) altered monzonite cut by several less than 1.0 m thick apophyses of diorite. Monzonite weak mineralization is driven by weak veining of quartz-pyrite-chalcopyrite veins. From 154.0 m drill hole continued through propylitic (epidote-magnetite-smectite) altered diorite with sporadic presence of quartz-pyrite veins without significant mineralization. The drill hole is terminated at depth of 357.1m.

Bg22016: was drilled approximately 1 km west of the Beskauga Main deposit with aim to test magnetic low and chargeability high anomalies, and anomalous As, Cu, Au, Bi and Mo values in historical KGK drilling.

The drill hole started in diorite with moderate phyllic (sericite-pyrite) alteration up to depth of 163.2m down the hole. Diorite is hosting moderately intense quartz-pyrite (D type) veins with typical sericite halo and carrying weak and on spots Au mineralization. After diorite from 163.2m drill hole continued through in lithic tuff that is moderately argillic (kaolinite-illite) altered but hosting no veining and mineralization. Drill hole is terminated at 247.4 m depth.

Location of the holes completed to date as part of Arras’ planned 30,000-metre drill program on the Beskauga Main deposit and wider area. The surface projection of the block model from the current NI-43-101 Mineral Resource Estimate is shown for copper. The inset map in Figure 2 below shows the location of Beskauga Main relative to Beskauga South.
Figure 1. Location of the holes completed to date as part of Arras’ planned 30,000-metre drill program on the Beskauga Main deposit and wider area. The surface projection of the block model from the current NI-43-101 Mineral Resource Estimate is shown for copper. The inset map in Figure 2 below shows the location of Beskauga Main relative to Beskauga South.

Location of the holes completed to date at the Beskauga South area, located approximately 3.2 kilometres SSW from the Beskauga Main deposit, and outside of the current NI-43-101 Mineral Resource Estimate. The inset map shows the location of Beskauga South relative to Beskauga Main.

Figure 2. Location of the holes completed to date at the Beskauga South area, located approximately 3.2 kilometres SSW from the Beskauga Main deposit, and outside of the current NI-43-101 Mineral Resource Estimate. The inset map shows the location of Beskauga South relative to Beskauga Main.

Cross-section showing drill holes Bg22021 in relation to historical drill hole Bg-084, Bg-097 and Bg-101. Also shown are grade contours based on the Beskauga block model for copper (only) developed for the purposes of the current Mineral Resource Estimate for Beskauga (for further details, please (see Arras’ press release on June 20, 2022). CuEq grades of key intercepts in Bg22015 and historical holes are shown. The cross-section demonstrates the steep dipping high-grade copper-gold-silver trend observed through Arras’ exploration to date. This trend is observed beginning at the paleo-bedrock surface (41 m in depth) and averages between 200-300 m wide and to be consistently mineralized down to at least 1000 meters.

Figure 3. Cross-section showing drill holes Bg22021 in relation to historical drill hole Bg-084, Bg-097 and Bg-101. Also shown are grade contours based on the Beskauga block model for copper (only) developed for the purposes of the current Mineral Resource Estimate for Beskauga (for further details, please ( see Arras’ press release on June 20, 2022). CuEq grades of key intercepts in Bg22015 and historical holes are shown. The cross-section demonstrates the steep dipping high-grade copper-gold-silver trend observed through Arras’ exploration to date. This trend is observed beginning at the paleo-bedrock surface (41 m in depth) and averages between 200-300 m wide and to be consistently mineralized down to at least 1000 meters.

Cross-section showing drill holes Bg22021 in relation to historical drill hole Bg-084, Bg-097 and Bg-101. Also shown are grade contours based on the Beskauga block model for gold (only) developed for the purposes of the current Mineral Resource Estimate for Beskauga (for further details, please see Arras’ press release on June 20, 2022). AuEq grades of key intercepts in Bg22012 and historical holes are shown. The cross-section demonstrates the steep, southwest dipping high-grade copper-gold-silver trend observed through Arras’ exploration to date. This trend is observed beginning at the paleo-bedrock surface (41 m in depth), to average between 200-300 m wide and to be consistently mineralized down to at least 1000 meters.
Figure 4. Cross-section showing drill holes Bg22021 in relation to historical drill hole Bg-084, Bg-097 and Bg-101. Also shown are grade contours based on the Beskauga block model for gold (only) developed for the purposes of the current Mineral Resource Estimate for Beskauga (for further details, please see Arras’ press release on June 20, 2022). AuEq grades of key intercepts in Bg22012 and historical holes are shown. The cross-section demonstrates the steep, southwest dipping high-grade copper-gold-silver trend observed through Arras’ exploration to date. This trend is observed beginning at the paleo-bedrock surface (41 m in depth), to average between 200-300 m wide and to be consistently mineralized down to at least 1000 meters.

Cross-section showing drill holes Bg22022 in relation with previously drilled Bg22011 and Bg22013 and historical holes drilled by Copperbelt. AuEq grades of key intercepts in Bg22022, Bg22011, Bg22013 and historical holes are shown. The cross-section demonstrates structurally controlled mineralization largely focused in the contacts between steep, southwest dipping quartz monzonite intrusion and surrounding porphyritic quartz monzonite and andesite basalts.

Figure 5. Cross-section showing drill holes Bg22022 in relation with previously drilled Bg22011 and Bg22013 and historical holes drilled by Copperbelt. AuEq grades of key intercepts in Bg22022, Bg22011, Bg22013 and historical holes are shown. The cross-section demonstrates structurally controlled mineralization largely focused in the contacts between steep, southwest dipping quartz monzonite intrusion and surrounding porphyritic quartz monzonite and andesite basalts.

Qualified Person: The technical information of this news release has been reviewed and approved by Tim Barry, a Chartered Professional Geologist MAusIMM CP(Geo), and a qualified person for the purposes of National Instrument 43-101.

On behalf of the Board of Directors
"Tim Barry"

Tim Barry, MAusIMM (CP(Geo))
Chief Executive Officer and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@arrasminerals.com

Further information can be found on the Company’s website globenewswire.com or follow us on LinkedIn: globenewswire.com

About Arras Minerals Corp.

Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue Metals Group). The Company’s shares are listed on the TSX-V under the trading symbol “ARK”.

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms “measured resources”, “indicated resources”, and “inferred resources” which are defined in, and required to be disclosed by, NI 43-101. The Company advises U.S. investors that these terms are not recognized by the SEC. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.

Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras’ future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras’ exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras’ management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management’s control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption “Risk Factors” in the Management Discussion and Analysis filed on the Company’s profile on SEDAR on March 30, 2023 and in the Company’s Annual Report on Form 20-F for the fiscal year ended October 31, 2022 filed with the U.S. Securities and Exchange Commission filed on February 24, 2023 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

A table accompanying this announcement is available at globenewswire.com

Figures accompanying this announcement are available at

globenewswire.com

globenewswire.com

globenewswire.com

globenewswire.com

globenewswire.com

[LoneClone] Arras Minerals Completes Analytical Review of 2022 Regional Exploration Licence ...

LoneClone — 5/10/2023 3:44:45 PM

Arras Minerals Completes Analytical Review of 2022 Regional Exploration Licence Field Program

ca.finance.yahoo.com

Arras Minerals Corp.
Wed, May 10, 2023 at 3:00 a.m. PDT·2 min read

Figure 1. Arras Minerals License Package in Pavlodar, Kazakhstan

Arras Minerals License Package in Pavlodar, Kazakhstan

VANCOUVER, British Columbia, May 10, 2023 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX-V: ARK) (“Arras” or “the Company”) is pleased to provide a summary of the analysis completed from the Company’s 2022 regional exploration field program.

Highlights of the Analytical Results from 2022 Exploration Field Program:

Over 16,000 soil samples were collected during the Arras summer field program and analyzed using a portable X-ray fluorescent (pXRF) analyzer. The samples were taken from the Beskauga, Ekidos, Stepnoe, Elemes, Nogurbek, and Akkuduk license areas.

The pXRF results confirmed the presence of widespread mineralization in the targeted areas that were identified through Arras’ 2022 work program and historic Soviet-era geological reports.

The results show three potential copper porphyry targets, along with an epithermal gold and a very promising nickel target which will be followed up in 2023.

In addition to identifying geochemical anomalies, the pXRF analysis of the soils has also been instrumental in mapping out the geology and alteration of our licenses where outcrop is scarce.

It is important to note that due to the limitations of the pXRF technology, the results of the soil program can only be considered indicative of mineralization.

Tim Barry, CEO of Arras, commenting on the results from the 2022 regional field programs, stated, “We are pleased to announce the summary results of our extensive 2022 soil sample program. The results have confirmed the presence of mineralization in areas that we initially identified as promising through Arras' geophysical surveys and by reviewing historical Soviet-era reports. Furthermore, the pXRF analysis has revealed additional areas of interest that we will prioritize for follow-up during this year's field program. We look forward to following up the prospects identified in 2023.”

The Company is finalizing logistical planning for the 2023 field program which is now underway, and includes the three additional licenses that were secured earlier this year (Bozshakol South, Aimandai & Besshoky). Arras also continues to drill at the Beskauga license and is currently testing new target areas outside of the Beskauga main deposit identified from the Arras geophysical and KGK drilling program in 2021/2022.

Arras Minerals License Package in Pavlodar, Kazakhstan
Figure 1. Arras Minerals License Package in Pavlodar, Kazakhstan

Qualified Person: The technical information of this news release has been reviewed and approved by Tim Barry, a Chartered Professional Geologist MAusIMM CP(Geo), and a qualified person for the purposes of National Instrument 43-101.

On behalf of the Board of Directors
"Tim Barry"

Tim Barry, MAusIMM (CP(Geo))
Chief Executive Officer and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@arrasminerals.com

Further information can be found on the Company’s website globenewswire.com or follow us on LinkedIn: globenewswire.com

About Arras Minerals Corp.

Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue Metals Group). The Company’s shares are listed on the TSX-V under the trading symbol “ARK”.

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms “measured resources”, “indicated resources”, and “inferred resources” which are defined in, and required to be disclosed by, NI 43-101. The Company advises U.S. investors that these terms are not recognized by the SEC. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.

Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras’ future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras’ exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras’ management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management’s control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption “Risk Factors” in the Management Discussion and Analysis filed on the Company’s profile on SEDAR on March 30, 2023 and in the Company’s Annual Report on Form 20-F for the fiscal year ended October 31, 2022 filed with the U.S. Securities and Exchange Commission filed on February 24, 2023 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

A photo accompanying this announcement is available at globenewswire.com

[LoneClone] Silver Bull Provides Update on Legacy NAFTA Claim Against Mexico and Management ...

LoneClone — 4/25/2023 12:16:57 PM

Silver Bull Provides Update on Legacy NAFTA Claim Against Mexico and Management Changes

ca.finance.yahoo.com

Silver Bull Resources, Inc.
Tue, April 25, 2023 at 3:00 a.m. PDT·3 min read

VANCOUVER, British Columbia, April 25, 2023 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (“Silver Bull” or the “Company”) is providing an update regarding its legacy North American Free Trade Agreement (NAFTA) claim against Mexico.

On March 2, 2023, Silver Bull announced that it had filed with Mexico a Notice of Intent to initiate a legacy NAFTA claim under Annex 14-C of the United States-Mexico-Canada Agreement to recover economic damages resulting from the illegal blockade of its Sierra Mojada project. Silver Bull has been unable to access the project since the illegal blockade commenced in September 2019. Despite numerous demands and requests for action by the Company, Mexican governmental agencies have allowed this unlawful behaviour to continue and, as such, failed to protect Silver Bull’s investment. Silver Bull will be seeking to recover no less than US$178 million in damages that it has suffered as a result of Mexico’s breach of its NAFTA obligations.

In response to the filing of the Notice of Intent, Mexico invited Silver Bull to attend a meeting in Mexico City on May 30, 2023 with government officials to reach, if possible, an amicable solution. Silver Bull has confirmed that its representatives will attend the meeting and has noted to the Government of Mexico that, if a settlement is not reached, it intends to file upon the expiry of the required cooling-off period, on June 2, 2023, with the International Centre for Settlement of Investment Disputes (ICSID) a Request for Arbitration, formally commencing the arbitration proceedings. ICSID is the world’s leading institution devoted to international investment dispute settlement and its decisions are binding on states that are a party to the ICSID Convention, as is Mexico.

Management Changes

As a result of Silver Bull’s focus on advancing its claims with Mexico, it announced today that it has engaged Mr. Erinn Broshko of Vancouver to oversee the arbitration proceedings. Mr. Broshko is a corporate lawyer with public company chief executive and private equity experience who has overseen ICSID arbitration claims on behalf of claimants.

In conjunction with the commencement of the arbitration by Silver Bull, Darren Klinck has stepped down as President of the Company to focus his efforts as President of Arras Minerals Corp., a 2021 spinout of Silver Bull. Tim Barry has re-assumed the position of President of Silver Bull, along with his current role as Chief Executive Officer.

Mr. Barry commented, “After years of frustration as a result of Mexican governmental agencies allowing this illegal blockade to destroy the significant value in our Sierra Mojada project, we are confident in our prospects for success in the arbitration, and firm in our resolve to create value for our shareholders.” Mr. Barry further noted, “We are pleased to welcome Erinn to our team as he brings a depth of arbitration management experience and want to thank Darren for his excellent work and dedication over the last two years and wish him the best of luck as he continues in his senior leadership role with Arras Minerals.”

On behalf of the Board of Directors
“Tim Barry”

Tim Barry, CPAusIMM
Chief Executive Officer, President and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@silverbullresources.com

Cautionary note regarding forward looking statements: This news release contains forward-looking statements regarding future events and Silver Bull’s and Arras’s future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding the Mineral Resource estimates for the Sierra Mojada projects and the development of the project. These statements are based on current expectations, estimates, forecasts, and projections about Silver Bull’s and Arras’s exploration projects, the industry in which Silver Bull operates and the beliefs and assumptions of Silver Bull’s management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, including such factors as whether management’s focus will be as described in this news release, the results of exploration activities and whether the results continue to support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption “Risk Factors” in Silver Bull’s Annual Report on Form 10-K for the fiscal year ended October 31, 2022 and our other periodic and current reports filed with the SEC and available on www.sec.gov and with the Canadian securities commissions available on www.sedar.com. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

[LoneClone] Silver Bull Announces Voting Results of Annual Meeting of Shareholders ca.finan...

LoneClone — 4/25/2023 12:10:52 PM

Silver Bull Announces Voting Results of Annual Meeting of Shareholders

ca.finance.yahoo.com

Silver Bull Resources, Inc.
Mon, April 24, 2023 at 6:00 a.m. PDT·2 min read
.
VANCOUVER, British Columbia, April 24, 2023 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (TSX: SVB, OTCQB: SVBL) (“Silver Bull” or the “Company”) is pleased to announce the detailed voting results of the proposals considered at its annual meeting of shareholders held on April 20, 2023 (the “Meeting”). A total of 12,669,434 or 36.14% of the Company’s issued and outstanding shares were represented at the Meeting.

The following nominees, as listed in Silver Bull’s proxy statement, were re-elected as directors of the Company:

Director	Votes For	%	Withheld Votes	%
Brian Edgar	8,309,550	98.4%	131,410	1.6%
Timothy Barry	8,319,507	98.6%	121,453	1.4%
David Underwood	8,328,566	98.7%	112,394	1.3%
William Matlack	8,338,181	98.8%	102,779	1.2%

Silver Bull is also pleased to announce that the Company’s shareholders have ratified and approved the appointment of Smythe LLP, as the Company’s independent registered public accounting firm, for the fiscal year ending October 31, 2023 (12,597,725 or 99.4% voted “For”, 62,217 or 0.5% voted “Against” and 9,492 or 0.1% abstained from voting).

The Company’s shareholders also voted to approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers (7,931,514 or 94.0% voted “For”, 352,052 or 4.2% voted “Against”, and 157,394 or 1.8% abstained from voting).

Full details of the proposals are fully described in the Company’s definitive proxy statement filed on February 28, 2023 available on SEDAR at www.sedar.com, and on EDGAR at www.sec.gov.

On behalf of the Board of Directors
“Tim Barry”

Tim Barry, CPAusIMM
Chief Executive Officer and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@silverbullresources.com

Cautionary note regarding forward looking statements: This news release contains forward-looking statements regarding future events and Silver Bull’s and Arras’s future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding the Mineral Resource estimates for the Sierra Mojada projects and the development of the project. These statements are based on current expectations, estimates, forecasts, and projections about Silver Bull’s and Arras’s exploration projects, the industry in which Silver Bull operates and the beliefs and assumptions of Silver Bull’s management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, including such factors as whether management’s focus will be as described in this news release, the results of exploration activities and whether the results continue to support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption “Risk Factors” in Silver Bull’s Annual Report on Form 10-K for the fiscal year ended October 31, 2022 and our other periodic and current reports filed with the SEC and available on www.sec.gov and with the Canadian securities commissions available on www.sedar.com. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

[LoneClone] Arras Minerals Announces AGM Voting Results and Appoints Vice President of Explo...

LoneClone — 4/17/2023 3:41:11 PM

Arras Minerals Announces AGM Voting Results and Appoints Vice President of Exploration

ca.finance.yahoo.com

Arras Minerals Corp.
Mon, April 17, 2023 at 3:00 a.m. PDT·4 min read

VANCOUVER, British Columbia, April 17, 2023 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX.V: ARK) (“Arras”, or the “Company”) is pleased to announce the detailed voting results of the proposals considered at its annual meeting of shareholders held on April 13, 2023 (the “Meeting”) as well as the appointment of Matthew Booth to Vice President of Exploration.

Annual General Meeting

A total of 14,319,748 or 20.9% of the Company’s issued and outstanding shares were represented at the Meeting.

The Company’s shareholders have voted to set the number of directors to seven (7) (12,159,049 or 99.1% voted “For”, and 116,603 or 0.9% voted “Against”).

The following nominees, as listed in Arras’ management information circular, were elected as directors of the Company:

Director	Votes For	%	Withheld Votes	%
Brian Edgar	12,059,854	98.2%	215,798	1.8%
Timothy Barry	12,100,079	98.6%	175,573	1.4%
Darren Klinck	12,100,410	98.6%	175,242	1.4%
G. Wesley Carson	12,088,322	98.5%	187,330	1.5%
Daniel Kunz	12,011,422	97.8%	264,230	2.2%
Vera Kobalia	12,068,454	98.3%	207,198	1.7%
Christian Milau	12,094,347	98.5%	181,305	1.5%

Arras is also pleased to announce that the Company’s shareholders have ratified and approved the appointment of Smythe LLP as the Company’s auditors, for the fiscal year ending October 31, 2023 (14,209,690 or 99.2% voted “For”, and 110,058 or 0.8% abstained from voting).

Full details of the proposals are fully described in the Company’s management information circular filed on March 14, 2023 available on SEDAR at www.sedar.com.

Appointment of Matthew Booth as Vice President of Exploration

Mr. Matthew Booth is a seasoned geologist with 20 years experience predominantly in Latin America and Australia working in a variety of greenfields, brownfields and production environments. He will be relocating to be based in Kazakhstan later this year.

Tim Barry, CEO, commented, “We are very pleased to welcome Matt to the Arras Minerals team. He brings a wealth of geological experience to the team, especially related to porphyry and epithermal mineralizing systems. Over the last 18 months Arras has assembled an expert team of local and international geologists, community relations experts and logistics personnel, and has significant drilling and exploration programs planned for this year.”

About Matthew Booth: Matt holds a master’s degree in Mineral Exploration from University of Leicester and has over 20 years field exploration experience, predominantly in Latin America. Over the course of his career Matt has worked as Exploration Manager for Golden Minerals in Mexico, and Exploration Manager of Peru for First Quantum Minerals Ltd. and is a Qualified Person member of the American Institute of Professional Geologists (CPG 12044).

About the Beskauga Deposit: The Beskauga deposit is a gold-copper-silver deposit with an “Indicated” Mineral Resource of 111.2 million tonnes grading 0.49 g/t gold, 0.30% copper, and 1.3 g/t silver for 1.75 million ounces of contained gold, 333.6 thousand tonnes of contained copper, and 4.79 million ounces of contained silver and an “Inferred” Mineral Resource of 92.6 million tonnes grading 0.50 g/t gold, 0.24% copper and 1.1 g/t silver for 1.49 million ounces of contained gold, 222.2 thousand tonnes of contained copper, and 3.39 million ounces of contained silver. The constraining open pit was optimized and calculated using a Gross Metal Value (“GMV”) cut-off of $20/tonne based on a price of $1,750/oz for gold, $3.50/lb for copper, $22/oz for silver, and with an average recovery of 85% for copper and 74.5% for gold and 50.0% for silver.

Qualified Person: The technical information of this news release has been reviewed and approved by Tim Barry, a Chartered Professional Geologist MAusIMM CP(Geo), and a qualified person for the purposes of National Instrument 43-101.

On behalf of the Board of Directors

"Tim Barry"
Tim Barry, MAusIMM (CP(Geo))
Chief Executive Officer and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@arrasminerals.com

Further information can be found on the Company’s website arrasminerals.com or follow us on LinkedIn: globenewswire.com or Twitter: globenewswire.com

About Arras Minerals Corp.

Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country (behind Rio Tinto and Fortescue Metals Group) prospective for copper and gold in the country. The Company’s shares are listed on the TSX-V under the trading symbol “ARK”.

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms “measured resources”, “indicated resources”, and “inferred resources” which are defined in, and required to be disclosed by, NI 43-101. The Company advises U.S. investors that these terms are not recognized by the SEC. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically mineable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.

Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras’ future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding the use of net proceeds from the recent private placement, plans and expectations of the drill program Arras is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras’ exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras’ management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management’s control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption “Risk Factors” in the Management Discussion and Analysis filed on the Company’s profile on SEDAR on February 24, 2023 and in the Company’s Annual Report on Form 20-F for the fiscal year ended October 31, 2022 filed with the U.S. Securities and Exchange Commission filed on February 24, 2023 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

[LoneClone] Arras Minerals Intercepts 778.2m @ 0.40% CuEq, Including 322.4m @ 0.51% CuEq on ...

LoneClone — 4/6/2023 12:37:53 PM

Arras Minerals Intercepts 778.2m @ 0.40% CuEq, Including 322.4m @ 0.51% CuEq on the Beskauga Licence, Northeastern Kazakhstan

ca.finance.yahoo.com

Arras Minerals Corp.
Wed, April 5, 2023 at 1:10 p.m. PDT·10 min read

Table 1

Summary table for drill holes Bg22014, Bg22015 and Bg22017
Figure 1

Location of the holes completed to date as part of Arras’ planned 30,000-metre drill program on the Beskauga Main deposit and wider area. The surface projection of the block model from the current NI-43-101 Mineral Resource Estimate is shown for copper. The inset map in Figure 2 below shows the location of Beskauga Main relative to Beskauga South.

Figure 2

Location of the holes completed to date at the Beskauga South area, located approximately 3.2 kilometres SSW from the Beskauga Main deposit, and outside of the current NI-43-101 Mineral Resource Estimate. The inset map shows the location of Beskauga South relative to Beskauga Main.
Figure 3

Cross-section showing drill holes Bg22015 in relation to historical drill hole Bg-094. Also shown are grade contours based on the Beskauga block model for copper (only) developed for the purposes of the current Mineral Resource Estimate for Beskauga (for further details, please see Arras’ press release on June 20, 2022). CuEq grades of key intercepts in Bg22015 and historical holes are shown. The cross-section demonstrates the steep dipping high-grade copper-gold-silver trend observed through Arras’ exploration to date. This trend is observed beginning at the paleo-bedrock surface (41 m in depth) and averages between 200-300 m wide and to be consistently mineralized down to at least 1000 meters.
Figure 4

Cross-section showing drill holes Bg22014 and Bg22017 with generalized interpretation of intersected rock units. Key intercepts of AuEq grades in Bg22014, Bg22017 are shown.

VANCOUVER, British Columbia, April 05, 2023 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX.V: ARK) (“Arras”, or the “Company”) is pleased to announce assay results from holes Bg22014, Bg22015, & Bg22017 from the ongoing drill program at the Beskauga copper-gold deposit and surrounding area (“Beskauga” or the “Project”).

Highlights Include:

Bg22015: 778.2m of mineralization grading 0.40% copper-equivalent (“CuEq”) (0.31 g/t gold (“Au”), 0.13 % copper (“Cu”), 0.94 g/t silver (“Ag”) starting at 40.8m.

Including: 95.2 m grading 0.61 % CuEq (0.47 g/t Au, 0.20% Cu, 1.27 g/t Ag) starting at 268.0m depth down-hole.

Including: 322.4 m grading 0.51 % CuEq (0.40 g/t Au, 0.16% Cu, 1.15 g/t Ag) from 446.0m depth down-hole.

Bg22014: 335.6m of mineralization grading 0.24 grams per ton (“g/t”) gold-equivalent (“AuEq”) (0.16 g/t Au, 0.05 % Cu, 0.39 g/t Ag, starting at 44.0 m to the end of the drill hole.

Including: 7.0 m grading 1.57g/t AuEq (1.47 g/t Au, 0.06% Cu, 1.75 g/t Ag) starting at 44.0m depth down-hole.

Including: 8.0 m grading 1.14g/t AuEq (0.56 g/t Au, 0.45% Cu, 1.12 g/t Ag) starting at 369.0 m depth down-hole.

Bg22017: 499.8m of mineralization grading 0.22g/t AuEq (0.15 g/t Au, 0.05% Cu, 0.45 g/t Ag) starting at 32.5 m to the end of the drill hole.

Including: 12.0 m grading 1.65g/t AuEq (1.27 g/t Au, 0.21% Cu, 3.28 g/t Ag and 204.63 ppm Mo) starting at 376.0m depth down-hole.

Including: 7.7 m grading 1.14g/t AuEq (0.94 g/t Au, 0.09% Cu, 2.34 g/t Ag and 165.28 ppm Mo) starting at 465.3m depth down-hole.

Consistent mineralization was seen for the entire length of hole Bg22015 (1,109.8m) and further defines a high-grade core to the Beskauga deposit within a lower grade halo.

Holes Bg22014 & Bg22017 were drilled 3.2km to the south of the main Beskauga deposit and show widespread low-grade gold and copper mineralization and suggest another mineralizing system close-by. Very high molybdenum results were intercepted towards the bottom of hole Bg22017.

Tim Barry, CEO of Arras, commenting on these latest results stated, “Our drilling on the Beskauga Project has continued to produce long intercepts of continuous copper-gold mineralization starting at a depth of 40 meters below the surface. Our recent drilling has demonstrated the continuity of the mineralization to over one kilometer of vertical depth and has defined a high-grade zone that dips to the SSW. Mineralization remains open both laterally and at depth and suggests that the Beskauga ore body is much larger than has been recognized in the NI43-101 report.”

Mr. Barry continued, “Apart from the Beskauga deposit, Arras has begun exploration on the Beskauga South area, located about 3.2 kilometers to the south of the main deposit. Although the mineralizing system at Beskauga South is not yet well understood, the presence of broad zones of low-grade gold mineralization punctuated by high-grade zones suggests there is potential for a bulk mineable target.”

A summary of the results announced in this news release is outlined in the table below.

Table 1. Summary table for drill holes Bg22014, Bg22015 and Bg22017

Summary table for drill holes Bg22014, Bg22015 and Bg22017

Notes: Copper Equivalent (“CuEq”) grades reported for the drill holes at Beskauga were calculated using the following formula: CuEq % = Copper (%) + (Gold (g/t) x 0.8264) + (Silver (g/t) x 0.0107) + (Molybdenum (ppm) x 3.3333). Gold Equivalent (“AuEq”) grades reported for the drill holes at Beskauga were calculated using the following formula: AuEq g/t = Gold (g/t) + (Copper (%) x 1.2100) + (Silver (g/t) x 0.0129) + (Molybdenum (ppm) x 4.0334). Assumptions used for the copper and gold equivalent calculations were metal prices of US$3.00/lb. Copper, US$1,700/oz Gold, US$22/oz Silver, US$10/lb. Molybdenum, and metallurgical recoveries were assumed to be 100%.

Results of Bg22014, Bg22015 and Bg22017:

Bg22014: was drilled just north of the Beskauga South target, located approximately 3.2 kilometers south of the Beskauga Main deposit. The aim of the drill hole was to test the major NE-SW trending structure that links Beskauga South to Beskauga Main and to test for the first time a large IP anomaly along this part of the structure that coincides with strong Au-Cu-Bi anomalies identified in KGK drilling.

The drill hole intersected andesite basalts and tuffs cut by multiple intrusions of porphyritic quartz monzonite. The andesite basalts are weakly propylitic altered (chlorite, smectite, magnetite, and epidote), while the porphyritic quartz monzonite shows weak potassic alteration (K-feldspar, magnetite, epidote, and rarely biotite). The best mineralized intercepts are hosted in the porphyritic quartz monzonite intrusions and are related to weak quartz-pyrite veining with occasional zones of chalcopyrite magnetite. The same style of veining can be seen sporadically in andesite basalts but with much weaker intensity.

Bg22015: was collared 90.0 m to the NW from Arras drill hole Bg21006 (689.2m @ 0.76 % CuEq, including 120.9m @ 2.35% CuEq), and drilled at angle of 85 degrees toward the northeast with final depth of 1,109.8m. The purpose of the hole was to test a deep Audio-magentotelluric “AMT” anomaly which started at a depth from 725m It also aimed to further test mineralization intersected at 595m in depth by drill hole Bg21002 (431m @ 0.68% CuEq).

The drill hole started in moderately, to very strong, argillic altered diorite. The argillic alteration consists of intense illite-smectite with local kaolinite, before transitioning to very weak illite-smectite alteration. Preserved remnants of sodic (albite-hematite) alteration starting appeared below depth of 675.0m. Diorite is cut by three post mineral argillic altered dykes of porphyritic diorite with average thickness of 35.0m at depths of 363.0m, 420.0m and 620.0m and lastly with 22.0m thick barren basalt dyke at 768.4m depth. Mineralization occurs as quartz-tennantite-chalcopyrite-pyrite stockwork, and sheeted veining followed by tennantite stringers and weak dissemination of copper sulphides close around the veins. The presence of bornite is scarce while molybdenite is found in quartz veins beyond depth of 841.0 m.

Bg22017: was collared in fence 450m to the east from hole Bg22014, to test a magnetic anomaly supported by anomalous gold up to 6 g/t in historical KGK drill holes. After 32.5m of overburden the drill hole intersected a small interval of porphyritic quartz monzonite before continuing through andesite basalts and their associated tuffs. From 109.0m the quartz monzonite continued to the end of drill hole, interspersed with several small intervals of andesite basalt between depths of 301.0m and 331.0m. Andesite basalts are weakly propylitic (chlorite, smectite, magnetite) altered while quartz monzonite is altered by weak potassic (K-feldspar, magnetite and rare biotite) alteration. Mineralization is related with quartz-pyrite veining that has weak presence of chalcopyrite and rarely magnetite.

Location of the holes completed to date as part of Arras’ planned 30,000-metre drill program on the Beskauga Main deposit and wider area. The surface projection of the block model from the current NI-43-101 Mineral Resource Estimate is shown for copper. The inset map in Figure 2 below shows the location of Beskauga Main relative to Beskauga South.

Figure 1. Location of the holes completed to date as part of Arras’ planned 30,000-metre drill program on the Beskauga Main deposit and wider area. The surface projection of the block model from the current NI-43-101 Mineral Resource Estimate is shown for copper. The inset map in Figure 2 below shows the location of Beskauga Main relative to Beskauga South.

Location of the holes completed to date at the Beskauga South area, located approximately 3.2 kilometres SSW from the Beskauga Main deposit, and outside of the current NI-43-101 Mineral Resource Estimate. The inset map shows the location of Beskauga South relative to Beskauga Main.

Figure 2. Location of the holes completed to date at the Beskauga South area, located approximately 3.2 kilometres SSW from the Beskauga Main deposit, and outside of the current NI-43-101 Mineral Resource Estimate. The inset map shows the location of Beskauga South relative to Beskauga Main.

Cross-section showing drill holes Bg22015 in relation to historical drill hole Bg-094. Also shown are grade contours based on the Beskauga block model for copper (only) developed for the purposes of the current Mineral Resource Estimate for Beskauga (for further details, please see Arras’ press release on June 20, 2022). CuEq grades of key intercepts in Bg22015 and historical holes are shown. The cross-section demonstrates the steep dipping high-grade copper-gold-silver trend observed through Arras’ exploration to date. This trend is observed beginning at the paleo-bedrock surface (41 m in depth) and averages between 200-300 m wide and to be consistently mineralized down to at least 1000 meters.

Figure 3. Cross-section showing drill holes Bg22015 in relation to historical drill hole Bg-094. Also shown are grade contours based on the Beskauga block model for copper (only) developed for the purposes of the current Mineral Resource Estimate for Beskauga (for further details, please see Arras’ press release on June 20, 2022). CuEq grades of key intercepts in Bg22015 and historical holes are shown. The cross-section demonstrates the steep dipping high-grade copper-gold-silver trend observed through Arras’ exploration to date. This trend is observed beginning at the paleo-bedrock surface (41 m in depth) and averages between 200-300 m wide and to be consistently mineralized down to at least 1000 meters.

Cross-section showing drill holes Bg22014 and Bg22017 with generalized interpretation of intersected rock units. Key intercepts of AuEq grades in Bg22014, Bg22017 are shown.

Figure 4. Cross-section showing drill holes Bg22014 and Bg22017 with generalized interpretation of intersected rock units. Key intercepts of AuEq grades in Bg22014, Bg22017 are shown.

About the Beskauga Deposit: The Beskauga deposit is a gold-copper-silver deposit with an “Indicated” Mineral Resource of 111.2 million tonnes grading 0.49 g/t gold, 0.30% copper, and 1.3 g/t silver for 1.75 million ounces of contained gold, 333.6 thousand tonnes of contained copper, and 4.79 million ounces of contained silver and an “Inferred” Mineral Resource of 92.6 million tonnes grading 0.50 g/t gold, 0.24% copper and 1.1 g/t silver for 1.49 million ounces of contained gold, 222.2 thousand tonnes of contained copper, and 3.39 million ounces of contained silver. The constraining open pit was optimized and calculated using a Gross Metal Value (“GMV”) cut-off of $20/tonne based on a price of $1,750/oz for gold, $3.50/lb for copper, $22/oz for silver, and with an average recovery of 85% for copper and 74.5% for gold and 50.0% for silver.

Assay and QAQC Procedures: The drill core is cut in half lengthwise with one half (same half, consistently) collected for analysis, and one half preserved as a record. Bagged samples are sealed to ensure integrity during transport.

All sample preparation and geochemical analysis are undertaken by ALS Global at its laboratories in Karaganda (Kazakhstan) and Loughrea (Republic of Ireland), respectively.

A 30 g split of the pulp is analyzed for gold content by fire assay with an Atomic Absorption Spectroscopy (AAS) finish (ALS method: Au-AA25™) at ALS Karaganda. A second pulp split is then air freighted to ALS Loughrea and analyzed for 48 elements by Inductively Coupled Plasma Mass Spectrometry (ICP-MS) after four-acid digestion on a 0.25 g aliquot (ALS method: ME-MS61™). Any samples exceeding 1% copper are re-analyzed using a 4-acid digest ICP-MS ore grade method (ALS method: Cu-OG62™).

Arras Minerals operates according to its rigorous internal Quality Assurance and Quality Control (QA/QC) protocols, which are consistent with industry best practices. This includes the insertion of certified standards, blanks, and field duplicates comprising of quarter drill core into the sample stream at an insertion rate of 2.5%, 2.5%, and 5%, respectively, which is deemed appropriate for this stage of exploration. The blanks and standards are Certified Reference Materials (CRM’s) supplied by Ore Research and Exploration, Australia.

Internal QA/QC samples are also inserted by the analytical laboratories and reviewed by the Company prior to release.

Qualified Person: The technical information of this news release has been reviewed and approved by Tim Barry, a Chartered Professional Geologist MAusIMM CP(Geo), and a qualified person for the purposes of National Instrument 43-101.

On behalf of the Board of Directors

"Tim Barry"
Tim Barry, MAusIMM (CP(Geo))
Chief Executive Officer and Director
INVESTOR RELATIONS:
+1 604 687 5800
info@arrasminerals.com

Further information can be found on the Company’s website arrasminerals.com or follow us on LinkedIn: linkedin.com

About Arras Minerals Corp.

Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country (behind Rio Tinto and Fortescue Metals Group) prospective for copper and gold in the country. The Company’s shares are listed on the TSX-V under the trading symbol “ARK”.

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms “measured resources”, “indicated resources”, and “inferred resources” which are defined in, and required to be disclosed by, NI 43-101. The Company advises U.S. investors that these terms are not recognized by the SEC. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically mineable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.

Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras’ future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding the use of net proceeds from the recent private placement, plans and expectations of the drill program Arras is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras’ exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras’ management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management’s control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption “Risk Factors” in the Management Discussion and Analysis filed on the Company’s profile on SEDAR on February 24, 2023 and in the Company’s Annual Report on Form 20-F for the fiscal year ended October 31, 2022 filed with the U.S. Securities and Exchange Commission filed on February 24, 2023 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

Photos accompanying this announcement are available at

globenewswire.com

globenewswire.com

globenewswire.com

globenewswire.com

globenewswire.com

[LoneClone] Arras Minerals Comments on European Union Critical Raw Materials Act and EU Stra...

LoneClone — 3/23/2023 3:45:23 PM

Arras Minerals Comments on European Union Critical Raw Materials Act and EU Strategic Partnership With Kazakhstan

ca.finance.yahoo.com

Arras Minerals Corp.
Thu, March 23, 2023 at 3:00 a.m. PDT·2 min read

VANCOUVER, British Columbia, March 23, 2023 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX-V: ARK) is pleased to comment on the European Union Critical Raw Materials Act and specifically the EU-Kazakhstan strategic partnership on raw materials, batteries and renewable hydrogen.

Kazakhstan is one of only four countries, which also includes Canada, to have recently entered into strategic partnership agreements with the European Union (EU) focusing on critical raw materials. These recent agreements, established starting in June 2021, align with last week’s announcement of the European Union’s Critical Raw Materials Act and are focused on the EU’s global actions to diversify its supply and aim to reduce the dependencies on concentrated supply sources.

The agreement with Kazakhstan aims to ensure the development of a secure and sustainable supply of raw materials and refined materials. It also aims to develop renewable hydrogen and battery value chains, to boost the green and digital transformation of both sides’ economies.

Kazakhstan Prime Minister of Kazakhstan Alikhan Smailov and European Commission President Ursula von der Leyen sign strategic partnership on raw materials, batteries and renewable hydrogen | EEAS Website (europa.eu)

Photo Credit: November 8, 2022, Kazakhstan Prime Minister of Kazakhstan Alikhan Smailov and European Commission President Ursula von der Leyen sign strategic partnership on raw materials, batteries and renewable hydrogen | EEAS Website (europa.eu)

President of the European Commission Ursula von der Leyen said, “A secure and sustainable supply of raw materials, refined materials and renewable hydrogen is a key layer to help build a new, cleaner foundation for our economies, especially as we move away from our dependency on fossil fuels. This partnership with Kazakhstan shows Europe’s commitment to work with partner countries on our shared commitments to a greener and more resilient future in line with the Global Gateway Strategy and the objectives of the REPowerEU Plan. I would like to thank Prime Minister Smailov of Kazakhstan for his efforts and look forward to our cooperation.” (Source: COP27: European Union concludes a strategic partnership with Kazakhstan on raw materials, batteries and renewable hydrogen | EEAS Website (europa.eu))

Darren Klinck, President of Arras Minerals commented, “The inclusion of copper in the EU’s Critical Raw Materials and Metals list combined with the recent strategic partnership agreement between the EU and Kazakhstan further demonstrates how Kazakhstan is well positioned to develop its mineral industry alongside key partners such as Arras Minerals. As an early-mover in 2021, with a focus on copper exploration and development opportunities, Arras has established the 3rd largest land package in the country prospective for copper and base metals behind only Rio Tinto and Fortescue Metals Group.”

Mr. Klinck went on to add, “Recent drill results from our drill program at Beskauga and initial analysis from the more than 16,000 soil samples taken as part of our first summer regional field program last year continue to demonstrate the large-scale project opportunities materializing for Arras in NE Kazakhstan. We look forward to continuing to work with the Kazakhstan government, its international partners such as the EU and our local stakeholders as we advance important new copper discoveries in the country.”

On behalf of the Board of Directors

“Darren Klinck”
Darren Klinck
President and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@arrasminerals.com

Further information can be found on the Company’s website arrasminerals.com or follow us on:

LinkedIn - globenewswire.com

Twitter - globenewswire.com

About Arras Minerals Corp.

Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country (behind Rio Tinto and Fortescue Metals Group) prospective for copper and gold in the country. The Company’s shares are listed on the TSX-V under the trading symbol “ARK”.

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms “measured resources”, “indicated resources”, and “inferred resources” which are defined in, and required to be disclosed by, NI 43-101. The Company advises U.S. investors that these terms are not recognized by the SEC. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.

Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras’ future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding the use of net proceeds from the recent private placement, plans and expectations of the drill program Arras is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras’ exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras’ management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management’s control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption “Risk Factors” in the Management Discussion and Analysis filed on the Company’s profile on SEDAR on February 24, 2023 and in the Company’s Annual Report on Form 20-F for the fiscal year ended October 31, 2022 filed with the U.S. Securities and Exchange Commission filed on February 24, 2023 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

A photo accompanying this announcement is available at globenewswire.com