• Nightfood advances their $80 million hotel acquisitions to serve as live labs for its AI-robotics platform
• FHVH (RoboOp365) debuted AI-driven kitchen and culinary training systems at the California Restaurant Show, boosting visibility in the $400B U.S. foodservice sector
• Integrated model combines hotel ownership, robotics-as-a-service, and educational partnerships for scalable value across hospitality and consumer goods

As rising wages, labor shortages, and shifting guest expectations strain traditional hospitality operations, forward-thinking companies are moving aggressively to automate. AI-powered robotics and automation are rapidly becoming indispensable tools for efficiency, consistency, and cost control. In this evolving landscape, Nightfood Holdings (OTCQB: NGTF) is positioning itself not only as a deployer of automation technology but as an integrated owner‑operator shaping the industry’s future.

By owning hotel assets, deploying robotics systems directly, and entering educational partnerships, NGTF is creating a vertically aligned ecosystem built for the age of AI-powered hospitality.

Strategic Hotel Acquisitions: Creations of Automation Testbeds

Nightfood is on track to finalize acquisitions of two flagship hotel properties in Victorville and Rancho Mirage, California, totaling approximately $80 million in institutional-quality assets. These properties will serve as live deployment environments for its AI‑powered service robotics platform, anchoring its Robotics-as-a-Service (“RaaS”) model and reinforcing long-term infrastructure for revenue growth.

This dual model, owning the assets and operating the automation, enables Nightfood to demonstrate real-world hospitality efficiency gains while reducing reliance on legacy labor models.

RoboOp365 Debuts in Anaheim: The Next Phase for AI-Kitchens

Through its subsidiary Future Hospitality Ventures Holdings Inc. (“FHVH”), operating as RoboOp365, Nightfood showcased its AI-robotic culinary and service systems at the California Restaurant Show from August 3–5, 2025. On display are live demonstrations of its fully automated kitchens and a joint venture in formation with Los Angeles Cooking School under the banner Modern Culinary Systems Inc.

This venture aims to be the first U.S. culinary education platform grounded in AI-robotics, addressing a rapidly growing $32.5 billion foodservice training market.

AI + Automation Market Forces Align with Nightfood’s Model

The broader markets underpinning Nightfood’s strategy are expanding rapidly:

• Service robotics, including hospitality delivery, cleaning, and concierge robots, are projected to grow from $47 billion in 2023 to almost $108 billion by 2030. That translates to a steady CAGR around 12‑13%.
• Focused hospitality robots are growing even faster, with projections from $0.72 billion in 2024 to $5.56 billion by 2033 (CAGR 25.5%), and broader hospitality robotics estimates reaching $2.57 billion by 2034 at 17.5% CAGR.
• The AI for sales and marketing segment alone is forecast to expand from $58 billion in 2025 to $240 billion by 2030 (CAGR 32.9%), reflecting explosive demand for intelligent engagement across business verticals.

Vertical Integration as a Competitive Advantage

Nightfood is pursuing a multi-layered growth model:

1. Acquire assets: Hotels in California anchor real operations and recurring revenue opportunities.
2. Deploy technology: AI-robotics systems are embedded operationally, reducing labor friction and improving efficiency.
3. Monetize insights: Through service robotics subscriptions and data-driven operational optimizations.
4. Drive educational innovation: Modern Culinary Systems bridges training and deployment, creating a talent pipeline aligned with automation realities.

This vertical model allows Nightfood to validate robotic systems in proprietary assets, capture downstream economics from RaaS contracts, and supply culinary institutions and operators trained to work within its ecosystem.

Why It Matters Now

Hospitality labor costs have risen sharply (with some estimates up 22% since 2019), while hotels and restaurants increasingly prioritize guest experiences shaped by efficient service.

Against this backdrop, Nightfood’s properties-plus-robotics strategy directly addresses market pressure points: unsustainable labor models, inconsistent service quality, and the high cost of scaling traditional operations.

Moreover, the educational partnership with LA Cooking School offers a forward‑looking solution to the shortage of workers trained for AI‑augmented workflows, creating workforce readiness where most institutions lag.

Bottom Line: Automation from Assets to Classrooms

Nightfood Holdings is staking a unique claim in the hospitality automation space by combining hotel ownership, robotics deployment, and culinary education. As robotics markets explode and AI-driven operational models become standard, Nightfood’s vertically integrated strategy offers a differentiated play across property, platform, and people.

For more information, visit the company’s website at NightfoodHoldings.com

NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at https://ibn.fm/NGTF

• AI data centers are projected to consume more than 4 million tonnes of copper by 2035, intensifying a looming global shortfall
• Trilogy Metals owns a 50% stake in Alaska’s Upper Kobuk Mineral Projects (“UKMP”), among North America’s richest undeveloped copper districts
• The company is advancing the Arctic and Bornite deposits, which together could underpin decades of future production

AI and the Next Phase of Copper Demand

Copper’s importance has been well established in renewable energy, EVs, and grid modernization. Now artificial intelligence is emerging as a powerful new driver. Data centers powering AI workloads require immense amounts of copper for power distribution, thermal regulation, and efficient conductivity. Bloomberg analysts estimate the sector could need more than 400,000 tonnes of copper annually through the next decade, with cumulative usage topping 4 million tonnes by 2035.

This growing consumption comes at a time when copper supply growth is lagging. Many existing mines face declining grades, while new projects can take a decade or longer to reach production. Against this backdrop, high-grade resources in stable jurisdictions are drawing increased attention.

Trilogy Metals and the Ambler Mining District

Trilogy Metals (NYSE American: TMQ) (TSX: TMQ) sits at the center of this dynamic. Through Ambler Metals LLC, its 50/50 joint venture with South32, Trilogy controls the Upper Kobuk Mineral Projects in Alaska’s Ambler Mining District. The district hosts volcanogenic massive sulphide (“VMS”) and carbonate replacement deposits containing copper, zinc, lead, gold, silver, and cobalt.

The flagship Arctic deposit contains probable reserves of 46.7 million tonnes grading 2.11% copper, 2.9% zinc, 0.56% lead, 0.42 g/t gold, and 31.8 g/t silver. A 2023 feasibility study outlined robust economics, with a pre-tax NPV of $1.5 billion and an after-tax IRR of 22.8%. The Bornite project, with an inferred resource of 6.5 billion pounds of copper, could extend the district’s mine life beyond 30 years. A January 2025 preliminary economic assessment pegged Bornite’s pre-tax NPV at $552 million and after-tax IRR of 20.0%.

Partnerships and Infrastructure Support

Remote Arctic projects require more than mineral potential. Trilogy has structured strong partnerships to advance development:

• South32: The global mining major invested $145 million to form the Ambler Metals JV with Trilogy, providing capital and technical expertise
• NANA Regional Corporation: Representing 14,000 Iñupiat shareholders, NANA’s agreement with Trilogy reflects decades of mining partnership experience, including Teck’s Red Dog Mine
• State of Alaska: The proposed Ambler Access Road, a 211-mile corridor connecting the district to highways and ports, remains central to development. Recent executive orders have renewed federal and state momentum to advance this infrastructure

Financial Positioning

As of May 2025, Trilogy held $25 million in cash and no debt, along with a 50% share of cash in the joint venture. The company also maintains a $50 million base shelf prospectus and a $25 million at-the-market program, giving it flexibility to raise funds for project advancement while preserving balance sheet strength.

Critical Minerals and National Strategy

Beyond copper, the Ambler Mining District is also a source of cobalt, zinc, and germanium—materials identified by the U.S. Department of Energy as critical for national security and advanced technologies. This positions Trilogy’s assets as part of a broader supply chain strategy, particularly as the U.S. seeks to reduce reliance on foreign sources of key minerals.

Conclusion

AI-driven data centers, combined with renewable energy and electrification, are reshaping copper’s demand profile. With a 50% stake in one of North America’s most prospective copper districts, Trilogy Metals is well positioned to benefit. Its high-grade deposits, strong partnerships, and supportive policy environment provide a foundation to meet the challenges of a tightening copper market. As the global shortfall looms, projects like Arctic and Bornite could play a vital role in securing future supply.

For more information, visit www.TrilogyMetals.com.

NOTE TO INVESTORS: The latest news and updates relating to TMQ are available in the company’s newsroom at ibn.fm/TMQ

• Ecuador’s Constitutional Court unanimously upheld the environmental license for the El Domo mining project.
• The Court confirmed the consultation process met international standards and the project has strong community backing (98% support).
• The El Domo Project is expected to deliver significant socio-economic benefits to the Las Naves community.
• The ruling clears the path for continued project advancement

Silvercorp Metals (NYSE American/TSX: SVM), a Canadian mining company producing silver, gold, lead, and zinc, has seen the legal challenge over its El Domo mining project in Ecuador come to an end. The country’s Constitutional Court unanimously dismissed a final challenge to the project’s environmental license, concluding a year-long judicial process that progressed through multiple levels of the Ecuadorian court system (https://ibn.fm/K25Ad).

The ruling confirms the validity of the environmental license issued by the Ministry of Environment, Water, and Ecological Transition (“MAATE”) and affirms that the environmental consultation process complied with both Ecuadorian law and the standards of the Regional Agreement on Access to Information, Public Participation and Justice in Environmental Matters in Latin America and the Caribbean, known as the Escazú Agreement.

With 98% of residents within the project’s area of influence supporting the initiative, the project has broad community backing. The El Domo project, currently under construction, is anticipated to deliver long-term socio-economic benefits to Las Naves, as well as Ecuador as a whole, including job creation, a new source of tax revenue and local development opportunities.

The legal challenge began on June 5, 2024, when a group filed a constitutional protection action against MAATE, arguing that the environmental consultation process was inadequate. On July 24, 2024, the local court in Las Naves dismissed the action, ruling that MAATE had followed proper procedures. This decision was upheld by the provincial court on November 12, 2024.

The plaintiffs then turned to the Constitutional Court with an Extraordinary Protection Action in December 2024, which was rejected in February 2025 for failing to meet constitutional criteria. A subsequent motion for clarification was denied on July 24, 2025, closing the case.

As the first mining operation in Ecuador to undergo an environmental consultation aligned with Escazú Agreement standards, El Domo is also a precedent-setting case for the sector. Once in production, targeted for late 2026, the project is expected to materially enhance the company’s financial performance, while providing geographic and metals diversification, with increased exposure to copper and gold. 

The project’s development aligns with the company’s goal of creating sustainable shareholder value while fostering local economic development, supporting the company’s broader strategy of generating free cash flow from long-life mines, pursuing organic growth through exploration, and expanding via acquisitions.

For more information, visit the company’s website at www.silvercorpmetals.com/welcome.

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• NRx Pharmaceuticals has filed a Citizen Petition with the FDA to remove benzethonium chloride from ketamine products.
• The preservative has known toxicity and is no longer allowed in hand sanitizers or topical antiseptics.
• Ketamine is increasingly used off-label for treating suicidal depression and PTSD.
• The company argues repeated exposure to benzethonium chloride through IV use poses unnecessary health risks.
• NRx has submitted data showing its preservative-free ketamine maintains sterility and stability for three years.
• The company is pursuing FDA approval for both its preservative-free ketamine (“NRX-100”) and oral NMDA-targeting drug (“NRX-101”).

NRx Pharmaceuticals (NASDAQ: NRXP), a clinical-stage biopharmaceutical company, has submitted a formal Citizen Petition to the U.S. Food and Drug Administration (“FDA”), urging the agency to prohibit the use of benzethonium chloride in all ketamine products sold in the United States. According to the company, this chemical preservative presents known toxicity risks and is not Generally Recognized as Safe and Effective (“GRASE”) for pharmaceutical use in parenteral or topical formulations (https://ibn.fm/kYR0g). 

Benzethonium chloride (“BZT”) is part of a broader class of quaternary ammonium preservatives linked to cellular and neurological toxicity. While previously used in a variety of over-the-counter products, the FDA has already removed BZT from hand cleansers and topical antiseptics, citing safety concerns. The European Medicines Agency has also advised against its use in injectable medications.

According to Dr. Jonathan Javitt, CEO of NRx Pharmaceuticals, when it was first introduced in the 1970s, ketamine was developed as an anesthetic and was never intended to be administered repeatedly to patients. However, it is now widely used on a repeated basis as the only currently marketed drug that has shown benefit in treating suicidal depression and PTSD, although this is currently not a labeled indication, he added. The concern, according to NRx, is that long-term exposure to BZT may lead to cumulative health risks in these patients.

“Hence, patients who receive intravenous ketamine on a repeated basis are exposed to a known toxic preservative that cannot be used today in hand cleaner, antiseptics, and other topical products. The European Medicines Agency has warned against its use,” Javitt explained. “We believe that our Citizen Petition aligns with priorities articulated by current leadership of the U.S. Department of Health and Human Services to remove potentially toxic additives and preservatives from the U.S. Food and Drug supply and to re-shore the U.S. Drug Supply.”

The company is advancing an alternative: NRX-100, a preservative-free intravenous formulation of ketamine. In June 2025, NRx filed an Abbreviated New Drug Application (“ANDA”) for NRX-100, including data demonstrating its sterility and three-year shelf life at room temperature without the use of preservatives.

NRx also submitted a patent covering its preservative-free manufacturing process, which challenges prior assumptions that BZT or similar agents were required to maintain long-term sterility in ketamine products. As the company announced, it has already set up high-volume U.S.-based manufacturing capacity in anticipation of eventual FDA approval.

In parallel, NRx is seeking approval under the FDA Commissioner’s National Priority Voucher Program, which is designed to accelerate the review of drugs for urgent public health needs. The company aims to secure a labeled indication for the use of ketamine in suicidal depression.

The initiative follows NRx’s broader development pipeline, which includes NRX-101, an oral therapeutic targeting the NMDA (N-methyl-D-aspartate) receptor system for the treatment of bipolar depression with suicidality or akathisia. The FDA has already granted NRX-101 Breakthrough Therapy Designation, and the company plans to submit a New Drug Application (“NDA”) for accelerated approval.

If the FDA agrees to ban benzethonium chloride from ketamine products, it would open the door to new manufacturing standards across the industry and potentially favor companies like NRx that have already committed to preservative-free solutions.

For more information, visit the company’s website at www.NRxPharma.com.

NOTE TO INVESTORS: The latest news and updates relating to NRXP are available in the company’s newsroom at https://ibn.fm/NRXP

• $190 million all-stock acquisition of 1818 Park, a Class-A mixed-use property in downtown Hollywood, Florida, marks strategic diversification into income-producing real estate
• GCF Development principals become long-term equity partners in FAVO through the transaction, bringing seasoned real estate expertise to the platform
• Stabilized asset with high occupancy and long-term leases strengthens balance sheet and expands collateral base for enhanced private credit operations

The convergence of private credit and real estate investment has become a defining strategy for alternative finance companies seeking capital efficiency and risk management. Traditional lending models often rely on unsecured positions or narrow collateral pools, creating constraints on funding capacity and competitive positioning.

FAVO Capital (OTC: FAVO) is adopting a dual-purpose approach: combining diversified, cash-flowing real estate with its established private credit platform. This strategy strengthens the balance sheet, expands lending capacity, and creates sustainable advantages not typically available to pure-play lenders.

Strategic Asset Acquisition Strengthens Capital Structure

The acquisition of 1818 Park, a Class-A mixed-use property, brings stabilized cash flows from high-occupancy residential, office, and retail components secured under long-term leases.

By structuring the deal as an all-stock transaction, FAVO added income-generating assets without reducing cash reserves earmarked for lending operations. CFO Vaughan Korte noted:
“Adding a stabilized, income-producing asset of this caliber directly supports the growth of our private credit operations by enhancing the quality of the collateral we can leverage in financing negotiations.”

Partnership with GCF Development Adds Operational Expertise

The transaction also brings GCF Development principals in as long-term equity partners, aligning incentives and ensuring seasoned oversight at the property level. This partnership provides continuity in management while supporting FAVO’s diversification strategy.

GCF Development CEO Chip Abele commented:
“We believe in the long-term value of combining real estate and private credit under one integrated platform.”

Enhanced Balance Sheet Expands Lending Capacity

A key benefit of the acquisition is FAVO’s ability to access larger and more competitively priced financing lines, which increases lending capacity to small and medium-sized businesses (“SMBs”).

President Shaun Quin emphasized:
“With a stronger asset position, we can secure larger, more competitive financing lines, expand our lending capacity, and deliver greater value to the SMBs and shareholders we serve.”

Integrated Platform Creates Competitive Advantages

Chief Strategy Officer Glen Steward placed the transaction in the context of FAVO’s broader vision:
“By combining the predictable cash flows of high-quality real estate with the dynamic growth of our private credit business, we are creating a balanced portfolio designed to perform across market cycles.”

1818 Park’s location in downtown Hollywood’s Young Circle further positions FAVO within one of South Florida’s most active commercial hubs, supported by strong transportation access, walkability, and sustained tenant demand.

This acquisition represents a significant step in FAVO’s strategy to build a diversified platform that delivers consistent value across economic cycles.

For more information, visit the company’s website at www.FAVOCapital.com.

NOTE TO INVESTORS: The latest news and updates relating to FAVO Capital are available in the company’s newsroom at https://ibn.fm/FAVO

• The announcement of next-generation prospecting engine represents significant milestone in the evolution of automated sales technology
• AI Maverick’s enhanced platform scales meaningful customer interactions through comprehensive contact intelligence capabilities
• Company’s ability to automate traditionally human-dependent activities represents a fundamental shift in how companies can structure sales operations

In a breakthrough that could fundamentally reshape how businesses acquire customers, AI Maverick Intel (OTC: BINP) has unleashed an AI-powered prospecting platform capable of conducting sophisticated sales conversations, handling objections and closing deals without human intervention (ibn.fm/0iBDy). AI Maverick is pioneering the next frontier of sales automation by acquiring and optimizing revenue-generating businesses through its proprietary AI technology, which delivers genuinely intelligent, two-way engagement across healthcare, biotech, insurance, transportation and other critical industries where meaningful conversations drive revenue growth.

The announcement of this next-generation prospecting engine represents a significant milestone in the evolution of automated sales technology, addressing one of the most persistent challenges facing modern businesses: scaling meaningful customer interactions without proportional increases in human resources. Traditional sales development requires substantial investment in training, management and ongoing operational costs, while consistently delivering human-quality conversations has remained elusive for most automation platforms.

AI Maverick’s enhanced platform tackles this challenge through what the company describes as comprehensive contact intelligence capabilities. The system aggregates millions of structured and unstructured data points into unified profiles, surfacing job changes, buying signals and personal preferences in real time. This approach moves beyond basic demographic information to provide deep behavioral insights that enable more effective engagement strategies. The platform’s ability to process and synthesize vast amounts of data in real-time provides sales teams with actionable intelligence that would be impossible to gather manually.

The technological sophistication underlying this platform centers on context-aware communication capabilities that represent a substantial advancement over traditional marketing automation tools. Adaptive language models determine the optimal channel, timing, and tone for each message, enabling the platform to support both transactional and consultative sales processes. This dual capability addresses a critical gap in existing solutions, which typically excel in either high-volume transactional scenarios or complex consultative engagements, but rarely both.

“This release moves AI Maverick beyond simple lead generation,” said AI Maverick CEO Wayne Cockburn. “By managing discovery questions, objections and next-step scheduling, the platform now addresses the consultative side of selling functions traditionally handled by experienced reps. In industries like insurance or transportation, where meaningful conversations are critical, automating those initial interactions can accelerate deal flow and reduce customer acquisition costs.”

The strategic importance of this advancement becomes clear when considering the broader sales automation landscape. Most existing platforms focus exclusively on lead generation and initial outreach, requiring human intervention for qualification, objection handling and relationship development. AI Maverick’s ability to automate these traditionally human-dependent activities represents a fundamental shift in how companies can structure their sales operations.

The platform’s versatility extends across multiple sales methodologies, supporting both transactional and consultative approaches through different technological mechanisms. For transactional sales, the platform manages quotes, renewals and re-orders end-to-end, eliminating human touchpoints for routine transactions. This capability alone can significantly reduce operational costs while improving response times and consistency.

Perhaps more impressively, the platform addresses consultative sales through AI-driven, multistep dialogues that can conduct needs analysis, participate in solution-fit discussions and deliver personalized recommendations. This represents a substantial technological achievement, as consultative selling has historically required human judgment, emotional intelligence and adaptive problem-solving capabilities that have been difficult to replicate through automation.

The company’s mission reflects a broader vision for transforming customer acquisition processes across industries. AI Maverick Intel’s stated mission is to disrupt the customer acquisition process through continuous development of proprietary state-of-the-art AI technology. This mission extends beyond simple automation to encompass fundamental reimagining of how businesses identify and engage with prospective customers.

The platform’s core methodology centers on what the company describes as a comprehensive approach to customer acquisition: finding, engaging, nurturing and acquiring ideal audiences at high velocity and automated scale. This end-to-end perspective distinguishes AI Maverick from point solutions that address individual aspects of the sales process without considering the broader customer journey.

Data-driven insights form the foundation of the platform’s effectiveness, with the company promising to reveal dynamics of how key audience segments interact with businesses throughout their customer journeys. This analytical capability provides strategic value beyond immediate sales automation, enabling companies to optimize their broader marketing and sales strategies based on behavioral intelligence gathered through automated interactions.

Machine learning optimization ensures continuous improvement in communication effectiveness, with AI Maverick refining and personalizing communication strategies in real-time. The platform’s ability to ensure messages resonate across diverse audience segments while uncovering optimal audience-message fit represents a significant advancement in marketing personalization technology.

The competitive advantages offered by AI Maverick technology become particularly evident in fast-moving industries where timing and accuracy are critical success factors. The platform’s ability to quickly process and relay information helps clients stay ahead of competitors, with timely execution and accurate data making the difference in securing deals and acquiring new customers.

Implementation accessibility has been designed to minimize barriers to adoption, with typical deployment completed in under one business day. This rapid deployment capability addresses a common concern with enterprise software implementations, which often require extensive configuration and training periods that delay return on investment. For companies seeking to scale their sales operations without proportional increases in human resources, AI Maverick’s platform represents a potentially transformative solution. By automating both transactional and consultative sales processes through sophisticated AI-driven conversations, the company is addressing fundamental scalability challenges that have limited growth potential for businesses across multiple industries.

For more information, visit www.AIMaverickIntel.com.

NOTE TO INVESTORS: The latest news and updates relating to BINP are available in the company’s newsroom at ibn.fm/BINP

• Silvercorp generated $81.3 million in revenue, a 13% increase year-over-year.
• The company produced 2.0 million ounces of silver equivalent, including 1.8 million ounces of silver and 2,050 ounces of gold.
• Adjusted net income rose to $21.0 million, or $0.10 per share.
• Operating cash flow of $48.3 million is a quarterly record, up 21% from the prior year.
• The balance sheet remains strong with $377.1 million in cash and short-term investments.
• Capital expenditures focused on underground mine optimization at Ying and construction at the El Domo and Kuanping projects.

Silvercorp Metals (NYSE American/TSX: SVM), a Canadian mining company producing silver, gold, lead, and zinc, opened its 2026 fiscal year with stronger production volumes and a notable rise in revenues, while continuing to advance its growth projects. The company, which operates profitable mines in China, reported financial and operating results for the three months ended June 30, 2025, showing higher sales of both silver and gold (https://ibn.fm/byzvd).

According to the quarterly release, Silvercorp sold 1.8 million ounces of silver and nearly 2,000 ounces of gold, alongside lead and zinc by-products, generating revenue of $81.3 million. That represents a 13% increase from the $72.2 million posted a year earlier. Higher gold output and sales and stronger average selling prices for both silver and gold helped drive the gain.

Net income for the quarter was $18.1 million, or $0.08 per share, down from $21.9 million, or $0.12 per share, in the same period last year. The slight decline was largely attributed to a $4.8 million non-cash charge on the fair value of derivative liabilities tied to convertible notes issued in 2024, as well as the effect of additional shares issued during the acquisition of Adventus Mining Corporation in July 2024. When adjusted for these non-cash and one-time items, net income came in at $21.0 million, or $0.10 per share, a modest increase from the $20.6 million achieved last year.

Operating cash flow improved to $48.3 million—a quarterly record, compared with $40.0 million in the prior-year quarter. Free cash flow stood at $22.5 million, after accounting for $24.2 million in capital expenditures.

Silvercorp ended the quarter with $377.1 million in cash and short-term investments, a $8.1 million increase from the previous quarter. The company also holds equity investments valued at $72.2 million. In addition, it retains access to a $175 million stream financing commitment from Wheaton Precious Metals International, earmarked for the El Domo project in Ecuador.

The company’s all-in sustaining cost (“AISC”) for silver rose to $13.49 per ounce, up from $9.82 a year earlier. Silvercorp attributed this to higher production costs, new mineral rights royalties introduced in China, and additional administrative expenses tied to Adventus. Despite these cost pressures, cash costs per ounce of silver remained relatively low at $1.11 per ounce, supported by by-product credits.

Production rose across most key metals, reaching approximately 2.0 million ounces of silver equivalent. Silver output reached 1.83 million ounces, a 6% year-over-year increase, while gold surged 79% to 2,050 ounces. Lead production was reported to reach 15.7 million pounds, while zinc production was roughly 5.2 million pounds.

At the Ying Mining District, Silvercorp’s flagship operation, output included 1.7 million ounces of silver, 2,050 ounces of gold, and 14.6 million pounds of lead. This represented growth in most categories, with zinc production the exception, down 25% year-over-year.

Capital expenditures totaled $24.2 million, up 23% from the prior year. These funds supported exploration and underground mine optimization at the Ying mines in China, the construction of the El Domo mine in Ecuador, and the start of development work at the Kuanping mine.

The company spent $18.8 million on its Chinese operations and $5.4 million advancing El Domo, a high-grade copper-gold VMS deposit in central Ecuador. The company moved over 370,000 cubic meters of material in Q1 as part of mine construction, which remains on track for late 2026 production. Located near Ecuador’s key port city of Guayaquil, El Domo benefits from access to national infrastructure and power, reducing capital intensity and logistical risk. The company is targeting a total capital investment of $240.5 million, consistent with a feasibility study completed in 2021.

El Domo marks a strategic shift for Silvercorp as it expands into copper, a commodity expected to see sustained long-term demand due to electrification trends and global infrastructure initiatives. Once in production, the asset could complement the company’s silver and base metals portfolio and reduce geographical concentration risk.

Construction also began at the Kuanping mine, another early-stage development project in China. Silvercorp completed 481 meters of ramp development and initial tunneling during the quarter, indicating forward momentum on new project delivery alongside existing operations.

Silvercorp’s strategy remains focused on generating free cash flow from long-life mines while allocating capital to organic growth and acquisition opportunities. The company has built an 18-year track record of profitable operations and maintains a portfolio of assets across China, Ecuador, and, indirectly, Bolivia through its 28% stake in New Pacific Metals Corp.

The strong start to fiscal 2026, paired with the company’s evolving project pipeline, position Silvercorp to deliver steady cash flows and long-term asset growth as it pushes deeper into copper and gold production.

For a video of GOLDINVEST’s recent interview with Lon Shaver, President of Silvercorp Metals, visit https://ibn.fm/PIg4k.

For more information, visit the company’s website at www.SilvercorpMetals.com.

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• Clene Inc. plans to submit a New Drug Application (“NDA”) for lead candidate CNM-Au8^® in ALS by year-end 2025.
• FDA meetings scheduled in Q3 2025 will address ALS survival benefit data and MS development plans.
• Neurofilament light biomarker data analysis from the NIH-sponsored EAP program is expected in early Q4 2025.
• The company reported $7.3 million in cash and cash equivalents as of June 30, 2025, together with recent financing extending the company’s cash runway into Q1 2026.

Clene (NASDAQ: CLNN) and its wholly owned subsidiary, Clene Nanomedicine Inc., a late clinical-stage biopharmaceutical company focused on improving mitochondrial health and protecting neuronal function to treat neurodegenerative diseases, including amyotrophic lateral sclerosis (“ALS”) and multiple sclerosis (“MS”), released its second quarter 2025 financial results and provided an update on its clinical programs. The company emphasized progress toward an NDA submission for its lead asset CNM-Au8 in ALS, expected in the fourth quarter of 2025 (https://ibn.fm/PiKqu).

CNM-Au8 is an oral suspension of gold nanocrystals designed to restore neuronal health by improving energy metabolism. Clene recently held a Type C meeting with the U.S. Food and Drug Administration (“FDA”) to align on statistical methodology for analyzing neurofilament light (“NfL”) biomarker changes in ALS patients treated with the lead drug candidate under the NIH-sponsored Expanded Access Program (“EAP”). The company expects to present data from this analysis in Q4 2025.

A second Type C meeting with the FDA is scheduled for Q3 2025 to review survival benefit data in ALS, including results from the HEALEY ALS Platform Trial. This outcome of this meeting may further support the evidentiary basis for an NDA filing under the accelerated approval pathway, which Clene intends to submit by year-end.

“We look forward to engaging with the FDA in our upcoming meeting this quarter focused on the extensive survival data that CNM-Au8 has generated in ALS patients,” said CEO Rob Etherington. “These meetings and biomarker analyses represent the final steps to our potential submission of an NDA under the accelerated approval pathway for ALS by the end of 2025. Our commitment to the ALS community remains unwavering as we endeavor to develop an impactful therapeutic agent for this devastating disease.”

Clene is also progressing its MS program. At the American Academy of Neurology meeting in April 2025, the company presented data from the long-term extension of its Phase 2 VISIONARY-MS trial, showing physiological and anatomical evidence of neuronal repair and remyelination.

The company plans to meet with the FDA in Q3 2025 for an end-of-Phase 2 Type B meeting to discuss a potential Phase 3 study. That trial would focus on cognition improvement as an adjunct to standard-of-care therapies.

As of June 30, 2025, Clene reported $7.3 million in cash and cash equivalents. Subsequent financing ($1.9 million raised in equity and a $1.5 million expansion of its convertible debt facility) extends the company’s operating runway into the first quarter of 2026.

R&D expenses decreased to $3.5 million from $4.2 million in Q2 2024, reflecting cost-saving measures, reduced personnel, and higher grant revenue tied to NIH-sponsored programs. General and administrative costs also fell to $2.4 million from $3.3 million, due to lower personnel and legal expenses, partially offset by higher finance and audit fees.

For more information, visit the company’s website at www.Clene.com.

NOTE TO INVESTORS: The latest news and updates relating to CLNN are available in the company’s newsroom at https://ibn.fm/CLNN

• Massimo Group will begin receiving shipments of the new MVR4X six-seater models from its Vietnamese manufacturing partner soon
• MAMO CEO observed that these steps strengthen quality assurance and support long-term sustainability
• Massimo’s work in the golf cart space is part of its spacious portfolio, which spans utility UTVs, ATVs and mini-bikes

Massimo Group (“Massimo Group” or “Massimo;” NASDAQ: MAMO) is expanding its footprint in the golf cart market by launching a manufacturing partnership in Vietnam, signaling imminent U.S. deliveries of its feature-rich six-seater MVR4X golf cart (ibn.fm/NpbcL). Massimo Group, a Texas-based powersports vehicle and recreational watercraft manufacturer, is fortifying its global supply chain to deliver quality products more efficiently and affordably.

This latest announcement underscores Massimo’s efforts to optimize production and market responsiveness. While the company already assembles golf carts at its Texas-based facility, it will begin receiving shipments of the new MVR4X six-seater models from its Vietnamese manufacturing partner soon. The MVR4X is engineered for premium performance and comfort, featuring a 48V 5 kW AC motor, approximately 60-kilometer driving range, McPherson independent suspension, rust-resistant steel chassis, electromagnetic-assisted braking system, 14-inch aluminum wheels, foldable windshield, LED lights with turn signals and horn, and plastic-molded rear seats with under-seat storage — all designed for safer and more enjoyable rides.

By expanding their chain into Vietnam, MAMO is strengthening its supply chain against other global trade uncertainties. Establishing manufacturing outside the U.S. not only diversifies sourcing but creates a safeguard against cost disruptions tied to international trade policies. At the same time, working in Vietnam allows Massimo to uphold quality standards while turning into a cost-efficient production base. With streamlined logistics, Massimo can reduce freight variability, improve lead times, and maintain inventory management to ensure consistent product availability and stable pricing. This partnership positions Massimo to grow, even in a shifting trade environment, while continuing to deliver value and reliability.

CEO David Shan emphasized that these steps strengthen quality assurance and support long-term sustainability. “Our Vietnam production partnership is a major win for Massimo Group and everyone we serve,” said Shan. “In the near term, our U.S. retail and dealer partners will start receiving our latest six-seater golf carts, vehicles that combine exceptional quality, innovative features and competitive pricing. These steps help us deliver value and reliability to customers.”

Massimo’s work in the golf cart space is part of its broader powersports portfolio, which spans utility UTVs, ATVs and mini-bikes. The company also offers electric versions of UTVs, golf carts and watercrafts, in addition to traditional powersports vehicles, thereby leveraging its 376,000-square-foot Garland factory for homegrown production and innovation. For instance, earlier this year Massimo shifted production of its MVR series to its Texas facility to address quality control and escalating trade tariffs, reinforcing its position in the U.S. market (ibn.fm/OXEog). The company’s product innovation extends further with the 2024 launch of the MVR HVAC golf and utility carts, which combine climate control and enhanced comfort for users in varying environments (ibn.fm/gvboB).

Across other markets, Massimo continues to deepen its retail and distribution network, introducing new products, expanding partnerships with major retailers such as Rural King and Tractor Supply Company, and launching an online sales platform to broaden its direct-to-consumer approach.

The Vietnam partnership represents a pivotal development in Massimo Group’s evolution. By blending U.S. assembly with overseas production, the company achieves a strategic balance that enhances agility, margin control and resilience. With the MVR4X deliveries set to begin soon in the United States, Massimo is aiming to capture growing demand in both recreational and lifestyle segments, offering a value-driven, feature-rich alternative in the expanding golf cart market.

For more information, visit the company’s website at www.MassimoMotor.com, massimomarine.com, and massimoelectric.com.

Disclaimer Regarding Third-Party Information

The information provided, including any references to third-party sources and Massimo’s websites, is for context only and is not incorporated by reference into this press release.

Forward-Looking Statements

This press release includes forward-looking statements, which are based on current expectations, estimates, and projections regarding Massimo Group’s business and industry, as well as management’s beliefs and assumptions. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict. All statements contained herein other than statements of historical fact, including but not limited to those regarding Massimo’s strategy, future operations, financial position, prospects, and anticipated developments, are forward-looking statements and should be evaluated as such.

Forward-looking statements are typically identified by words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “project,” “will,” and similar expressions. These statements reflect Massimo’s current beliefs and are based on information available to the company as of the date hereof. Actual outcomes may differ materially as a result of various factors, including, but not limited to, competition, market conditions, operational challenges, regulatory developments, and other risks as disclosed in Massimo’s filings with the Securities and Exchange Commission.

Massimo does not adopt or endorse any forward-looking statements made herein and undertakes no obligation to update any such statements. Readers are cautioned not to place undue reliance on these statements and are encouraged to review Massimo’s public filings for a more complete discussion of the risks and uncertainties that may affect the company.

NOTE TO INVESTORS: This press release is sponsored and has been prepared in collaboration with or on behalf of Massimo. It is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. The views and opinions expressed herein are those of the publisher and do not necessarily reflect the views of Massimo. The latest news and updates relating to MAMO are available in the company’s newsroom at https://ibn.fm/MAMO

• Wearable Devices’ proprietary Surface Nerve Conductance technology enables touchless control through subtle finger movements, positioning the company at the forefront of the emerging neural input category
• Recent partnership with Japanese e-commerce leader Media Exceed expands global distribution for Mudra Band and Mudra Link products into one of the world’s most tech-savvy consumer markets
• The company’s dual-channel strategy combines direct-to-consumer sales with enterprise licensing, targeting high-growth sectors including AR/VR/XR and smart environments

Wearable technology is evolving, including traditional input methods giving way to more intuitive, natural interfaces. While most wearable devices still rely on touchscreens, voice commands, or basic gestures that require line-of-sight interaction, a fundamental shift is occurring toward neural input systems that can interpret the subtlest human intentions. This evolution reflects a broader trend in human-computer interaction: the movement away from devices that require users to adapt their behavior toward technology that adapts to natural human movement patterns.

Current wearable interfaces often create friction in user experience. Smartwatch users must stop what they’re doing to tap screens or perform exaggerated gestures. AR and VR headset users struggle with controllers that break immersion or hand tracking that fail in low-light conditions. Voice commands work inconsistently in noisy environments, while traditional gesture recognition requires users to be within specific camera ranges.

The breakthrough lies in neural input technology that can detect and interpret the electrical signals generated by muscle contractions and nerve activity, even when movements are so subtle they’re barely perceptible. This approach promises to eliminate the friction between human intention and digital response, creating truly seamless interaction experiences.

That’s exactly the market opportunity Wearable Devices (NASDAQ: WLDS) is addressing with its AI-powered neural input technology platform.

Proprietary Technology Creates Competitive Moat

Wearable Devices has developed what may be the industry’s most advanced neural input solution through its proprietary Surface Nerve Conductance (“SNC”) sensors. Unlike traditional gesture recognition systems that rely on cameras or accelerometers, SNC technology captures nerve signals directly from the ulnar, radial, and median nerves, achieving 96% accuracy using deep learning AI for signal pattern matching.

The company’s flagship products, the Mudra Band for Apple Watch users and the Mudra Link for Android and Windows devices, demonstrate this technology’s practical applications. The SNC sensors convert neural signals into digital actions through enhanced signal processing using deep learning neural networks, enabling pre-built gestures including continuous tap, double tap, and discrete gestures that can be customized per use case.

This technological approach addresses critical pain points in existing gesture control systems. The key innovation lies in the elimination of line-of-sight gesture requirements, which addresses critical pain points in current AR and VR implementations. Users can control devices while their hands are in pockets, under tables, or in any position, making the technology practical for real-world applications where traditional gesture control fails.

The Mudra Link’s recognition at CES 2025, where it received an Innovation Award in the XR Technologies and Accessories category, validates the market’s recognition of neural input as a transformative technology category.

Strategic Market Expansion Accelerates Growth

Wearable Devices recently announced a collaboration with Media Exceed Co., Ltd., a leading e-commerce company to distribute its products in Japan. This partnership represents more than simple market expansion; it’s strategic entry into one of the world’s most technologically sophisticated consumer markets.

Japan’s consumer electronics market has historically served as a proving ground for innovative interface technologies. The country’s early adoption of mobile interfaces, gaming peripherals, and robotic interaction systems makes it an ideal testing ground for neural input technology. The non-exclusive reseller agreement will support both drop shipping and wholesale models, providing operational flexibility while Media Exceed’s e-commerce expertise ensures proper market positioning.

CEO Asher Dahan emphasized the strategic importance of this expansion: “This collaboration aligns with our strategic goal of expanding our global footprint and making our products more accessible to users worldwide.” The partnership with Media Exceed demonstrates Wearable Devices’ commitment to building sustainable distribution channels rather than relying solely on direct sales.

Dual-Channel Strategy Maximizes Market Opportunity

Wearable Devices operates through a sophisticated dual-channel model that captures value across both consumer and enterprise markets. The direct-to-consumer channel serves individual users seeking enhanced experience in gaming, productivity, and extended reality applications. Meanwhile, the enterprise licensing channel targets businesses developing immersive and interactive environments.

This approach is particularly strategic given the different adoption cycles in consumer versus enterprise markets. Consumer adoption often drives initial awareness and validates use cases, while enterprise partnerships provide the scale and stability necessary for sustained growth. The company partnered with Qualcomm for XR experiences development and TCL-RayNeo for AR glasses technology integration, demonstrating its ability to secure high-profile enterprise collaborations.

The enterprise channel also provides valuable data for technology refinement. Business applications often involve more consistent usage patterns and clearer success metrics than consumer applications, enabling Wearable Devices to optimize its algorithms and expand its gesture vocabulary based on real-world usage data.

The company has demonstrated significant traction with over 1,000 Mudra Bands shipped for Apple Watch since Q4 2023, proving technology readiness and establishing brand awareness. Additional enterprise partnerships include agreements with defense contractors for silent activation of tactical equipment and integration with OPPO’s MR Glass Developer Edition.

Technology Integration Drives Market Leadership

Wearable Devices’ positioning in the neural input category extends beyond hardware to encompass the software and AI algorithms necessary for reliable signal interpretation. The company’s approach integrates proprietary sensors with advanced machine learning systems that can adapt to individual users’ unique neural patterns and movement signatures.

This technological integration is crucial because neural input systems must account for significant variation between users. Factors including hand size, muscle development, skin conductance, and even emotional state can affect signal quality and interpretation. Wearable Devices’ AI-powered approach enables personalized calibration that improves accuracy over time.

The company’s focus on setting standards for neural input in the XR ecosystem positions it to benefit from the broader adoption of augmented and virtual reality technologies. As major technology companies invest heavily in metaverse and spatial computing initiatives, neural input technology becomes increasingly valuable for creating natural, immersive user experiences.

The timing appears strategic as major technology platforms begin incorporating neural input capabilities into their roadmaps. Apple’s ongoing development of brain-computer interface research, Meta’s investment in neural wristbands, and Google’s exploration of gesture-based interfaces all validate the neural input category that Wearable Devices is pioneering.

For more information, visit www.WearableDevices.co.il.

NOTE TO INVESTORS: The latest news and updates relating to WLDS are available in the company’s newsroom at https://ibn.fm/WLDS