.Pre‑Feasibility Study

Thesis Gold Inc. has filed its Pre-feasibility Study for the Lawyers-Ranch gold-silver project in British Columbia. The study highlights strong economics, with pre-tax IRR of 73.5% and after-tax IRR of 54.4% at projected commodity prices. The project forecasts an average annual production of 266,000 AuEq ounces for the first three years and boasts a short 1.1-year payback period. Initial capital expenditure is estimated at $736.2 million. Thesis Gold is proceeding with environmental assessments and plans a Feasibility Study in 2026.

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Silver One (OTCQX: SLVRF) updated shareholders on its Nevada Candelaria and Arizona Phoenix Silver projects, outlining a 2026 roadmap. Candelaria now holds 108.18 million oz (measured & indicated) and 29.46 million oz (inferred) silver‑equivalent; the company will bypass a PEA and proceed directly to a Pre‑Feasibility Study (target Q2‑Q3 2026) while conducting auger drilling, leach‑pad resource updates and non‑cyanide large‑column pilot tests in early 2026. At Phoenix, an IP/MT survey is nearing completion, with GPR and drone‑magnetometer work slated for late 2025‑early 2026; severe storms have delayed field activities and assay results from October 2025 remain pending.