Mawson Finland Limited (‘Mawson’ or the ‘Company’) (TSX-V:MFL) is pleased to announce the mobilization of four diamond drill rigs, and a ‘base-of-till’ (BOT) drilling rig to site, kicking-off the 2025 drill program at the Company’s wholly-owned Rajapalot gold-cobalt project in Finland

Highlights:

• Four diamond drilling rigs mobilized to site this week to drill an estimated 12,000 to 15,000 metres at Rajapalot
• Substantially all of the program (10,000 to 12,000 metres) is dedicated to drilling for potential extensions and step-outs to the existing inferred resource at Rajapalot in order to augment the current gold-cobalt mineral resource inventory
• An additional 2,000 to 3,000 metres of diamond drilling is dedicated towards brown-fields ‘target-test’ exploration on targets presently being developed from EM geophysical surveys, and ‘base-of-till’ (BOT) geochemical drilling surveys
• BOT drilling is underway with 500+ holes planned focussing on follow-ups to Ionic-Leach soil anomalies, and geophysical anomalies developed over the Rajapalot property in the previous 2024 exploration season

Ms. Noora Ahola, Mawson Finland CEO, states: ‘We are very excited to report the commencement of our 2025 winter drilling campaign at Rajapalot. Presently, we have 2 drilling rigs now operating at Rajapalot, with two additional rigs scheduled to begin drilling this week. In addition, we also have a BOT drilling rig up-and-running making progress with our surface geochemical exploration programs around the greater Rajapalot project area. We look forward to presenting results of these drilling programs over the coming months as these exciting works advance and unfold at Rajapalot.’

Winter drilling program

Three diamond drill rigs have been mobilized and have initiated drilling at Rajapalot, with one additional rig presently being mobilized to site. Between 12,000 and 15,000 meters of drilling are planned from now (January 2025) through to April 2025, with 10,000 to 12,000 meters of drilling focusing on resource expansion ambitions, while a further 2,000 to 3,000 meters focused on our ‘target-test’ exploration program.

Resource drilling at Rajapalot will predominantly focus on the Palokas, South Palokas and Raja zones of mineralization, whereby resource extensions and ‘step-outs’ will follow on from the 2024 drilling seasons results (see Mawson Finland’s 2024 drilling summary news release dated November 6,2024), guided by the defined EM conductive bodies identified at depth at Palokas, South Palokas and Raja (as presented in Mawson Finland’s news release dated November 19, 2024). Target-test exploration drilling will focus on brownfields targets presently being further developed and defined through BOT geochemical drilling, in conjunction with results from 2024 geophysical surveys (see Mawson Finland’s news releases dated November 19, 2024 for DHEM targets, and December 17, 2024 for Ionic Leach soil geochemical anomalies).

A ‘base-of-till’, or ‘BOT’ drilling rig has also been mobilized to Rajapalot and begun drilling shallow holes (typically around 5 – 15 meters depth) through the glacial regolith layers to collect a sample from the bedrock-regolith interface. Such drill-sampling of the bedrock-regolith interface has been successfully used for decades in the Nordics to assist in locating the bedrock source of soil and boulder geochemical anomalies found at surface. These short, vertical drill-holes will be spaced between 10 to 20 meters, and arranged along continuous lines in order to transect and collect samples sitting atop buried bedrock in which both geochemical (Ionic Leach soil results) and geophysical (gradient-array IP and resistivity, and ground magnetic) surface detected anomalies exist undercover. Approximately 500+ BOT holes are planned to be drilled and samples over the coming months at Rajapalot. Any highly-anomalous gold- or cobalt-rich BOT samples will be immediately drill-tested in this season’s target-test drilling campaign.

Deposit Model

At Rajapalot, mineralization is regarded as orogenic in nature. All examples of gold-cobalt mineralisation are consistently located within highly-sheared and foliated wall-rocks adjacent to strongly hydrothermally altered, northwest to north dipping shear-zones. Mineralisation is typically encountered as disseminated to semi-massive sulfide lenses (predominantly pyrrhotite and lesser pyrite ± cobaltite), hosted within strongly deformed and altered, mafic volcanic and volcaniclasitic stratigraphy of the upper portions of the Paleoproterozoic-aged Kivalo Group of the Peräpohja Greenstone Belt. Prospects with high-grade gold and cobalt mineralisation at Rajapalot occur across a 3 km (east-west) by 2 km (north-south) area within the larger Rajapalot project area measuring 4 km by 4 km with multiple mineralized boulders, base-of-till (BOT). Gold-Cobalt mineralization at Rajapalot has been drilled to approximately 470 metres below surface at both South Palokas and Raja prospects, and mineralisation remains open at depth across the entire project.

Rajapalot Mineral Resource

An Inferred Mineral Resource (‘MRE’) has been calculated for the Rajapalot project (effective date August 26, 2021), and is based on an ‘underground only’ mining scenario containing 9.8 million tonnes @ 2.8 g/t gold (‘Au’) and 441 ppm Co, equating to 867 thousand ounces (‘koz’) gold and 4,311 tonnes of cobalt.

Rajapalot Inferred Mineral Resource Effective August 26, 2021

• The mineral estimate is reported for a potential underground only scenario. Inferred resources were reported at a cut-off grade of 1.1 g/t (AuEq¹ Au g/t + Co ppm /1005) with a depth of 20 meters below the base of solid rock regarded as the near-surface limit of potential mining.
• Wireframe models were generated using gold and cobalt shells separately. Forty-eight separate gold and cobalt wireframes were constructed in Leapfrog Geo and grade distributions independently estimated using Ordinary Kriging in Leapfrog Edge. A gold top cut of 50 g/t Au was used for the gold domains. A cobalt top cut was not applied.
• A parent block size of 12 m x 12 m x 4 m (>20% of the drillhole spacing) was determined as suitable. Sub-blocking down to 4 m x 4 m x 0.5 m was used for geologic control on volumes, thinner and moderately dipping wireframes.
• Rounding of grades and tonnes may introduce apparent errors in averages and contained metals.
• Drilling results to 20 June 2021.
• Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

Qualified Person

The technical and scientific information in this news release was reviewed, verified and approved by Dr. Thomas Fromhold, an employee of Fromhold Geoconsult AB, and Member of The Australian Institute of Geosciences (MAIG, Membership No. 8838). Dr. Fromhold is a ‘qualified person’ as defined under NI 43-101. Dr. Fromhold is not considered independent of the Company under NI 43-101 as he is a consultant of the Company.

About Mawson Finland Limited

Mawson Finland Limited is an exploration stage mining development company engaged in the acquisition and exploration of precious and base metal properties in Finland. The Company is primarily focused on gold and cobalt. The Corporation currently holds a 100% interest in the Rajapalot Gold-Cobalt Project located in Finland. The Rajapalot Project represents approximately 5% of the 100-square kilometre Rompas-Rajapalot Property, which is wholly owned by Mawson and consists of 11 granted exploration permits for 10,204 hectares and 2 exploration permit applications and a reservation notification area for a combined total of 40,496 hectares. In Finland, all operations are carried out through the Company’s fully owned subsidiary, Mawson Oy. Mawson maintains an active local presence of Finnish staff with close ties to the communities of Rajapalot.

Additional disclosure including the Company’s financial statements, technical reports, news releases and other information can be obtained at mawsonfinland.com or on SEDAR+ at www.sedarplus.ca.

Media and Investor Relations Inquiries

Please contact: Neil MacRae Executive Chairman at neil@mawsonfinland.com or +1 (778) 999-4653, or Noora Ahola Chief Executive Officer at nahola@mawson.fi or +358 (505) 213-515.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No securities regulatory authority has reviewed or approved of the contents of this news release.

Forward-looking Information

This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable securities laws (collectively, ‘forward-looking information’) which are not comprised of historical facts. Forward-looking information includes, without limitation, estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking information may be identified by such terms as ‘believes’, ‘anticipates’, ‘expects’, ‘estimates’, ‘aims’, ‘may’, ‘could’, ‘would’, ‘will’, ‘must’ or ‘plan’. Since forward-looking information is based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, and management of the Company believes them to be reasonable based upon, among other information, the contents of the PEA and the exploration information disclosed in this news release, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, any expected receipt of additional assay results or other exploration results and the impact upon the Company thereof, any expected milestone independent data verification, the continuance of the Company’s quality assurance and quality control program, potential mineralization whether peripheral to the existing Rajapalot resource or elsewhere, any anticipated disclosure of assay or other exploration results and the timing thereof, the estimation of mineral resources, exploration and mine development plans, including drilling, soil sampling, geophysical and geochemical work, any expected search for additional exploration targets and any results of such searches, potential acquisition by the Company of any property, the growth potential of the Rajapalot resource, all values, estimates and expectations drawn from or based upon the PEA, and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: any change in industry or wider economic conditions which could cause the Company to adjust or cancel entirely its exploration plans, failure to identify mineral resources or any additional exploration targets, failure to convert estimated mineral resources to reserves, any failure to receive the results of completed assays or other exploration work, poor exploration results, the inability to complete a feasibility study which recommends a production decision, the preliminary and uncertain nature of the PEA, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

SOURCE:Mawson Finland Limited

View the original press release on accesswire.com

(TheNewswire)

Brossard, Québec TheNewswire – le 15 janvier 2025 – CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule société d’Amérique du Nord cotée en bourse spécialisée dans l’hydrogène vert, est heureuse d’annoncer qu’elle a reçu la confirmation d’Hydro-Québec que le projet phare de la Société à Sorel-Tracy sera officiellement connecté au réseau au plus tard le 4 mars 2025.

Cette nouvelle et importante étape en matière d’ingénierie garantit un approvisionnement en énergie propre pour le projet phare de CHARBONE à Sorel-Tracy pour démarrer la production d’hydrogène vert.

‘ Ce fut un long voyage pour arriver à ce point, mais notre heure est venue ,’ a déclaré Daniel Charette, Chef de l’exploitation chez Charbone. ‘ Nous remercions sincèrement les services d’ingénierie et de développement d’Hydro-Québec pour leur collaboration extraordinaire, leur confiance dans notre projet et leur travail acharné pour obtenir toutes les approbations internes et externes nécessaires à la concrétisation de ce projet. Nous avons la chance de pouvoir compter sur des ingénieurs de haut niveau qui travaillent avec un groupe d’entrepreneurs dévoués pour rendre tout cela possible, et ce lancement sera le premier de plusieurs à se concrétiser en Amérique du Nord. ‘

L’équipe CHARBONE souhaite également annoncer et féliciter le chef de l’exploitation de CHARBONE, M. Daniel Charette, comme nouveau président de l’Association Hydrogène Québec à compter du 1er janvier 2025, qui regroupe plus de 50 membres impliqués dans la fabrication d’équipements, la production et la distribution d’hydrogène. Nous savons que Daniel est un leader et qu’il continuera à travailler fort pour promouvoir la place de l’hydrogène au Québec et au Canada, nous lui souhaitons la meilleure des chances dans ce poste, l’équipe CHARBONE est derrière lui !

À propos de Charbone Hydrogène Corporation

Charbone est une compagnie intégrée de production d’hydrogène vert axé sur la création d’un réseau nord-américain d’usines de production. En utilisant des énergies renouvelables, Charbone produit du dihydrogène (H2) respectueux de l’environnement pour les utilisateurs industriels, institutionnels, commerciaux et de la mobilité future. Charbone est présentement la seule société d’Amérique du Nord cotée en bourse spécialisée dans l’hydrogène vert avec ses actions listées sur la Bourse de croissance TSX (TSXV: CH); les marchés OTC (OTCQB: CHHYF); et la Bourse de Francfort (FSE: K47). Pour plus d’informations sur CHARBONE Hydrogen et ses projets, veuillez visiter www.charbone.com .

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l’inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l’adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

Contacts

Pour de plus amples informations, veuillez contacter :

Copyright (c) 2025 TheNewswire – All rights reserved.

First Helium Inc. (‘First Helium’ or the ‘Company’) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) today announced that it has engaged the services of a drilling contractor to drill its 7-15 high- impact exploration location, along with its proven undeveloped (‘PUD’) 7-30 oil location 1,2 . The contractor’s drilling rig (the ‘Rig’) is currently working for another operator in the region. The Company expects the Rig to arrive at the 7-30 location and begin drilling within two weeks, subject to weather and any unforeseen delays. Following drilling of the 7-30 well, the Rig will be released and mobilized directly to the 7-15 location to begin drilling in early February, barring any unforeseen delays. The Company will continue to provide regular updates on these field activities.

‘We are very excited to be moving ahead with the drilling of our 7-30 PUD well along with our high impact Leduc anomaly, 7-15, which on seismic is approximately 5X the areal extent of our successful 1-30 light oil pool discovery. Securing a rig that has been active in the region and drilling the 7-30 and 7-15 locations ‘back-to-back’ will help minimize mobilization costs and ensure a smooth drilling operation,’ said Ed Bereznicki, President & CEO of First Helium. ‘With success, the combined oil potential from these two operations would provide immediate cash flow and meaningful near-term value for our shareholders,’ added Mr. Bereznicki.

Work has begun at both the 7-30 and 7-15 vertical well locations (see Figure 1) to prepare the respective leases for drilling. The 7-15 location is located approximately 6 kilometers southeast of the 7-30 location which will help facilitate an efficient move between drilling locations. Pending results, necessary preparations are being made to complete, equip and tie-in the two wells prior to spring break up in Alberta (a period from mid/late March through May when Provincial highway restrictions limit heavy equipment movement).

Figure 1:
Worsley Project Inventory

Notes:
(1)   Prepared by Sproule Associates Limited (‘Sproule’), independent qualified reserves evaluator, in accordance with COGE Handbook.
(2)   Assigned 196,700 Barrels of Gross Proved plus Probable Undeveloped reserves, per Sproule, Evaluation of the P&NG Reserves of First Helium Inc. in the Beaton Area of Alberta (as of March 31, 2023). See First Helium’s SEDAR+ profile at www.sedarplus.ca .

ABOUT First Helium

Led by a core Senior Executive Team with diverse and extensive backgrounds in Oil & Gas Exploration and Operations, Mining, Finance, and Capital Markets, First Helium seeks to be one of the leading independent providers of helium gas in North America.

First Helium holds over 53,000 acres along the highly prospective Worsley Trend in Northern Alberta which has been the core of its exploration and development drilling activities to date.

Building on its successful 15-25 helium discovery well, and 1-30 and 4-29 oil wells at the Worsley project, the Company has identified numerous follow-up drill locations and acquired an expansive infrastructure system to facilitate future exploration and development across its Worsley land base. Cash flow from its successful oil wells at Worsley has helped support First Helium’s ongoing exploration and development growth strategy. Further potential oil drilling locations have also been identified on the Company’s Worsley land base.

For more information about the Company, please visit www.firsthelium.com .

ON BEHALF OF THE BOARD OF DIRECTORS

Edward J. Bereznicki
President, CEO and Director

CONTACT INFORMATION

First Helium Inc.
Investor Relations
Email: ir@firsthelium.com
Phone: 1-833-HELIUM1 (1-833-435-4861)

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

FORWARD LOOKING STATEMENTS

This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words ‘anticipate’, ‘plan’, ‘continue’, ‘expect’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘predict’, ‘potential’ and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the completion of future planned activities. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the state of the equity financing markets and regulatory approval.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

SOURCE: First Helium Inc.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5de39ea5-a8a0-454f-bd49-48cb50e82221

(TheNewswire)

Brossard, Quebec TheNewswire – January 15, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE’), North America’s only publicly traded pure-play green hydrogen company, is pleased to announce that it has received confirmation from Hydro-Quebec that the Company’s Sorel-Tracy flagship project will be officially connected to the grid on or before March 4 th 2025.

This new and important engineering milestone guarantees clean energy sourcing for CHARBONE’s Sorel-Tracy flagship project to commence green hydrogen production.

‘ It has been a long journey to get to this point, but our time has come , ‘ said Daniel Charette, COO of CHARBONE, ‘ Our sincere thanks to the Hydro-Quebec engineering and development departments for their extraordinary collaboration, trust in our project and hard work to get all the internal and external approvals in place to make this project a reality. We are fortunate to have top-notch engineering talent working with a group of dedicated contractors to make this all possible, and this launch will be the first of many to come across North America. ‘

CHARBONE team would like also to announce the nomination and congratulate CHARBONE’s Chief Operation Officer, Mr. Daniel Charette, as the new President of Hydrogen Quebec Association as of January 1 st , 2025, which regroup over 50 members which are involved in equipment manufacturing, production and distribution of hydrogen. We know that Daniel is a leader and will continue to work hard to promote the hydrogen place in Quebec and in Canada, we are wishing him all the best in this position, the CHARBONE team is behind him!

About Charbone Hydrogen Corporation

CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on Charbone Hydrogen and its projects, please visit www.charbone.com  

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

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

Copyright (c) 2025 TheNewswire – All rights reserved.