Archive

June 30, 2025

Browsing

(TheNewswire)

Vancouver, BC TheNewswire June 30, 2025 – Element79 Gold Corp. (CSE: ELEM | FSE: 7YS0 | OTC: ELMGF) (‘Element79’ or the ‘Company’) announces its forward corporate guidance for the remainder of 2025, outlines recent strategic developments regarding its Lucero Project in Peru, and reaffirms its operational focus on its advanced-stage projects in Nevada, USA.

Force Majeure Declared on Lucero Project

The Company formally invoked the force majeure clause under its agreement with Condor Resources Inc. with respect to the Lucero Project due to a combination of social, regulatory, and political barriers which have effectively prevented the Company from lawfully executing planned exploration and development activities, despite holding full mineral rights.

A force majeure event refers to unforeseen circumstances beyond a party’s control—such as acts of government, social unrest, or natural disasters—that prevent contractual obligations from being fulfilled. In the case of Lucero, the following factors have contributed to the declaration:

  • Evolving and inconsistent Peruvian federal policies on small-scale mining formalization, creating uncertainty in legal enforceability and timelines.

  • Political instability and leadership vacuums , with current municipal governance in Chachas in transition and the outgoing mayor largely absent from the community.

  • Legacy community mistrust and unmet promises from prior owners, complicating local engagement efforts.

  • Ongoing unauthorized artisanal mining by community members operating outside legal frameworks and without formalized agreements.

Element79 has spent two and a half years of extensive, evolving efforts to foster community relationships and negotiate access agreements in good faith, and the Company believes in developing a win-win solution with the Chachas community for the restart of the past-producing Lucero mine, the tailings and development of a regional processing plant, and exploring the geological assets inside the Lucero concessions.  The Company and its contracted financial consultants remain staunchly optimistic to fund future development at Lucero as agreements for surface rights agreements are reached.  In the short-term, internal reports and formal feedback from its social engagement team (GAE Peru) and regional mining authorities (DREM Arequipa) suggest that no material progress toward surface rights agreements is likely for the remainder of 2025.

Path Toward Resolution and Reworking Terms with Condor Resources

Over the next 12 months, Element79 will:

  • Continue monitoring regulatory developments, particularly the anticipated implementation of MAPE legislation , which may clarify formalization mechanisms between artisanal miners and mineral right holders.

  • Maintain social outreach campaigns in Chachas through the Company’s social engagement team, GAE Peru, preparing the groundwork for ongoing engagement pre- and post-municipal elections in early 2026

  • Continue ongoing dialogue with Condor Resources to explore restructuring the terms of the original Lucero agreement, with the goal of establishing a more reasonable, flexible and mutually beneficial framework as on-the-ground conditions allow for meaningful work to resume at Lucero.

Strategic Focus Shift to Nevada Projects

In line with this operational pivot, Element79 is reaffirming its near-term focus on its U.S.-based assets:

  • The Company will retain and advance development at the Elephant Project in Nevada. A technical report to formally organize historical work under the 43-101 framework, upcoming work plan and exploration campaign are currently being finalized and will be publicly disclosed shortly.

  • The acquisition of the Gold Mountain Project , a drill-ready asset also located in Nevada, is expected to close as soon as possible, pending administrative timelines surrounding Canada Day and U.S. Independence Day holidays. A comprehensive development plan will be issued thereafter.

Corporate Outlook

As Element79 aligns its capital and human resources to near-term executable projects, the Company remains committed to:

  • Unlocking shareholder value through strategic asset optimization.

  • De-risking its project portfolio by prioritizing jurisdictions with clear permitting paths.

  • Continuing stakeholder engagement to support long-term success at Lucero when conditions become viable.

  • Changes to the board of directors and management to reflect the evolving business model

About Element79 Gold Corp.

Element79 Gold Corp. is a mining company focused on the exploration and development of high-grade gold and silver assets. Its principal asset is the past-producing Lucero Project in Arequipa, Peru, where it aims to resume operations through both conventional mining and tailings reprocessing. In the United States, the Company holds interests in multiple projects along Nevada’s Battle Mountain Trend.  Additionally, Element79 Gold has completed the transfer of its Dale Property in Ontario to its wholly owned subsidiary, Synergy Metals Corp., and is progressing through the Plan of Arrangement spin-out process.

For further information, please visit: www.element79.gold

On Behalf of the Board of Directors

James C. Tworek

Chief Executive Officer, Director

Element79 Gold Corp.

jt@element79.gold

Cautionary Note Regarding 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 Company’s exploration plans, development plans and the Force Majeure Event. 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 these statements because the Company cannot provide assurance that they will prove correct. Forward-looking statements involve inherent risks and uncertainties, and actual results may differ materially from those anticipated. Factors that could cause actual results to differ include conditions in the duration of the Force Majeure Event, and receipt of regulatory and shareholder approvals. These forward-looking statements are made as of the date of this press release, and, except as required by law, the Company disclaims any intent or obligation to update publicly any forward-looking statements.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Hong Kong pro-democracy political party League of Social Democrats announced on Sunday it had disbanded due to immense political pressure, the latest casualty in a years-long crackdown that has already quieted much of the city’s once-vocal opposition.

Following massive anti-government protests in 2019, many leading activists were prosecuted or jailed under a 2020 national security law imposed by Beijing. Dozens of civil society groups dissolved. Media outlets critical of the government shuttered.

The League of Social Democrats was the only pro-democracy party that still staged small street protests from time to time and held street booth activities to carry on its advocacy despite the risks.

Its chairperson, Chan Po-ying, said the disbandment decision was made after careful deliberation, especially taking into account the consequences to its members and comrades. Chan refused to elaborate on the pressure but said she was proud to say that the party had still contributed to the city’s pro-democracy movement in these few years.

“We have stayed true to our original aspirations and haven’t let down to the trust placed in us by those who went to prison,” she said. “While we are now forced to disband and feel an ache in our conscience, we have no other choice,” she said.

Protests became rare under Beijing’s grip

Hong Kong, a former British colony, will mark the 28th anniversary of returning to Chinese rule on July 1. The city used to hold annual pro-democracy protests that day and other various demonstrations demanding better policies.

But those were ceased after most organizing groups were disbanded and the leading activists were jailed. Critics say the drastic political changes under the security law reflect that the freedoms Beijing promised to keep intact in 1997 are shrinking.

The Beijing and Hong Kong governments insist the law is necessary for the city’s stability. A Chinese official overseeing Hong Kong affairs in 2023 said protests are not the only way for people to express their views, signaling Beijing’s stance toward demonstrations in the city.

In April, Hong Kong’s biggest pro-democracy party, the Democratic Party, also voted to give its leadership the mandate to move toward a potential disbandment. Party veterans told The Associated Press that some members were warned of consequences if the party didn’t shut down. A final vote is expected at a later date.

Chan said she believed the “one country, two systems” principle, which Beijing uses to govern Hong Kong, has already ended, pointing to the Chinese government’s imposition of the security law and introducing the idea of “soft resistance,” a term officials use to refer to underlying security risks.

“One country, two systems has already (become) one country, one system,” she said.

A party known for confrontational tactics

Founded in 2006, the League of Social Democrats was a left-wing political party that opposed what it called collusion between government and business, upheld the principle that people have a say and was firmly committed to the interests of underprivileged residents.

It was widely known for its more aggressive tactics when fighting for change. Its members have thrown bananas, eggs and luncheon meat at officials or pro-Beijing lawmakers as a protest gesture. Its party platform said the group advocated non-violent resistance but would not avoid physical confrontations – a stance that set it apart from older, traditional pro-democracy groups.

It once had three lawmakers in office. Its longest-serving lawmaker, Leung Kwok-hung – Chan’s husband – was disqualified from the legislature due to his manner of taking his oath in office in 2017.

Members arrested and jailed over activism

On the streets, the group’s activism led to the arrests and jailing of its members from time to time.

Last year, Leung and prominent LGBTQ+ activist Jimmy Sham, a former party leader, were sentenced to nearly seven years and more than four years over their roles in an unofficial primary election under the sweeping security law. Sham was freed from prison last month.

In recent years, the party has had limited political influence, no longer holding any seats in the legislature or local district councils. Even a bank ceased to provide bank account services to the group.

But it continued to stage small protests from time to time, despite sometimes those activities leading to arrests. On June 12, Chan and other members were fined after being found guilty over their street booth activities.

Undeterred by their convictions, they kept pressing on and protested against the ruling outside the court.

Chan wiped away tears during Sunday’s press conference and chanted slogans with other members at the end.

She said she doesn’t believe that democracy will come in the near future.

“Moving forward is not at all easy,” she said. “I hope everyone can become like an ember, a flying spark – still carrying light, keeping that light alive, no matter how small it may be.”

This post appeared first on cnn.com

Turkish police detained at least 30 people in central Istanbul on Sunday as they tried to take part in a Pride March, which authorities had banned as part of a years-long clampdown on LGBTQ+ events, an opposition politician said.

Footage obtained by Reuters showed police scuffling with a group of activists holding rainbow flags in the city center before rounding them up and loading them into police vans.

Kezban Konukcu, a lawmaker from the pro-Kurdish DEM Party who attended the march, told Reuters that at least 30 people had been taken into custody.

Police did not immediately respond to a request for comment.

The Istanbul governor’s office had earlier deemed the march unlawful and said groups promoting the event were operating “illegally.”

Authorities have banned Pride marches in Turkey’s largest city since 2015, citing public safety and security concerns.

President Tayyip Erdogan’s Islamist-rooted AK Party has adopted increasingly harsh rhetoric against the LGBTQ+ community over the past decade.

In January, Erdogan declared 2025 the “Year of the Family,” describing Turkey’s declining birth rate as an existential threat and accusing the LGBTQ+ movement of undermining traditional values.

“The primary goal of the gender neutralization policies, in which LGBT is used as a battering ram, is the family and the sanctity of the family institution,” Erdogan said in January.

Rights groups have condemned Turkey’s stance. Human Rights Watch and Amnesty International have warned that government rhetoric and actions are fueling a hostile environment for LGBTQ+ people, contributing to rising discrimination and violence.

Despite the bans, small groups of activists continue to mark Pride Week each year. Organizers say the increasingly aggressive police response reflects broader crackdowns on dissent and freedom of assembly in Turkey.

This post appeared first on cnn.com

Major heat waves across southern Europe have pushed temperatures above 104 degrees Fahrenheit (40 degrees Celsius) in countries including Italy, Spain and Greece, as local authorities issued fresh warnings against the risk of wildfires.

Experts link the rising frequency and intensity of these heatwaves to climate change, warning that such extreme weather events are becoming increasingly common across Europe’s southern region.

Severe heat waves were recorded in Italy, Greece, Spain and Portugal before the weekend, with locals and tourists alike taking shelter from the sweltering conditions.

Two-thirds of Portugal were on high alert on Sunday for extreme heat and wildfires, with temperatures expected to top 107 Fahrenheit (42 Celsius) in Lisbon.

In Italy, a few regions – Lazio, Tuscany, Calabria, Puglia and Umbria – were planning to ban some outdoor work activities during the hottest hours of the day in response to the record-high temperatures. Italian trade unions pushed the government to expand such measures at a national level.

On Sunday, the Italian Health Ministry placed 21 out of 27 monitored cities under its highest heat alert, including top holiday destinations like Rome, Milan and Naples.

In Rome, tourists tried to seek shade near popular spots like the Colosseum and the Trevi Fountain, using umbrellas and drinking from public water fountains to stay cool.

Similar scenes were reported in Milan and Naples, where street vendors sold lemonade to tourists and residents to offer some refreshment from the heat.

Greece was again on high wildfire alert because of extreme weather, with the first summer heat wave expected to continue throughout the weekend.

A large wildfire broke out south of Athens on Thursday, forcing evacuations and road closures near the ancient Temple of Poseidon. Strong winds spread the flames, damaging homes and sending smoke across the sky.

Greek authorities deployed 130 firefighters, 12 planes and 12 helicopters to battle the blaze, while police evacuated 40 people, with five areas under evacuation orders.

In Spain, locals and tourists were desperately trying to keep cool this weekend, as the country sizzled in temperatures as high as 107 Fahrenheit (42 Celsius) in the southern city of Seville along with other locations in southern and central parts of the country.

Southern regions of Spain recorded temperatures above seasonal averages, prompting health alerts and safety recommendations from authorities. The country’s national meteorological service Aemet has said that June is set to break yet another record, becoming the hottest such month since records started.

Experts warned that intense heat can affect daily life, especially for vulnerable populations such as the elderly and children.

Local authorities advised against physical activity during the hottest hours of the day, and recommended drinking plenty of fluids.

A Lancet Public Health study published last year highlighted the increasing risk of heat-related deaths because of climate change. The study predicted that heat-related deaths could more than quadruple by mid-century under current climate policies.

While more people die from cold than heat, the study stressed that rising temperatures will offset the benefits of milder winters, leading to a significant net increase in heat-related mortality.

This post appeared first on cnn.com

Former Brazilian President Jair Bolsonaro on Sunday attended a public demonstration in Sao Paulo to protest against his ongoing Supreme Court trial in the South American country.

A couple of thousand people gathered on Paulista Avenue, one of the city’s main locations, in a demonstration that Bolsonaro, before the event, called “an act for freedom, for justice.”

Bolsonaro and 33 allies are facing trial over an alleged plot to overturn the 2022 presidential election results and remain in power.

They were charged with five counts related to the plan.

The former president has denied the allegations and claims that he’s the target of political persecution.

He could face up to 12 years in prison if convicted.

“Bolsonaro, come back!” protesters chanted, but the former president is barred from running for office until 2030.

Brazil’s Superior Electoral Court ruled last year that he abused his political power and made baseless claims about the country’s electronic voting system.

This post appeared first on cnn.com

China on Sunday announced it is immediately resuming seafood products imported from some Japanese regions, ending a nearly two-year overall ban imposed due to worries over Japan’s release of treated wastewater from the Fukushima nuclear power plant.

In a notice on Sunday, China Customs said seafood products from 10 prefectures – Fukushima, Gunma, Tochigi, Ibaraki, Miyagi, Niigata, Nagano, Saitama, Tokyo and Chiba – will still be banned from entering the country.

Products from other regions will need health certificates, radioactive substance detection qualification certificates and production area certificates issued by the Japanese government for Chinese customs declarations, the notice said.

Chinese customs authorities said Sunday’s decision was made after no abnormality was detected following long-term international and independent Chinese sampling and monitoring of discharged wastewater.

China banned all imports of Japanese seafood in August 2023, shortly after Tokyo began releasing the treated Fukushima wastewater, prompting a diplomatic and economic backlash.

Sunday’s notice said China will strictly supervise Japanese seafood imports and will take measures if it finds any violations of relevant Chinese laws, regulations and food safety standards.

This post appeared first on cnn.com