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Silver One Provides Corporate Update on Its Nevada and Arizona Projects, Southwest USA

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Silver One Provides Corporate Update on Its Nevada and Arizona Projects, Southwest USA


Cherokee

Details on the projects are below. For more detail visit www.silverone.com.

Candelaria, Nevada

Candelaria is a past producing silver mine in western Nevada (Figure 1). It was last operated by Kinross Gold Corp., who closed the mine in 1997 when silver prices plummeted to under US$5 per ounce. Silver Standard acquired the property in the early 2000’s and completed an in-ground resource, now historic. Silver prices remained historically low in 2002 when Silver Standard began focusing on other projects. Silver One acquired the project from Silver Standard (now SSR Mining), gaining a 100% interest in 2023. Since discovery in 1864, Candelaria has produced an estimated 68 million ounces of silver. The project hosts two large, silver bearing historic heap leach pads and two historic open pits developed along a strong easterly trending regional mineralized structure.

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Silver One has drilled the two heap leach pads as well as conducted three drilling campaigns of the in-ground mineralization around the open pits, and metallurgical testing on both leach-pad and in-ground mineralization. The heaps contain a current resource containing 30.017 million ounces of silver (Indicated) plus 15.397 million ounces of silver (Inferred). The historical resource on the in-ground mineralization, marginal to the open pits, consists of 44.06 million ounces of silver Measured and Indicated, plus 34.676 million ounces of silver Inferred. Details of the resources can be seen by visiting www.silverone.com. Silver One has completed enough in-ground drilling to upgrade the historic mineral resource to a current mineral resource in 2025.

Extensive metallurgical testing conducted by the company has yielded excellent results, showing significant increase in silver recoveries that exceed historic silver recoveries. The most recent metallurgical testing was conducted by Extrakt Processing Solutions (“EPS” or “Extrakt”), who has a strategic global alliance with Bechtel Energy Technologies & Solutions, Inc. (“Bechtel”) to commercialize Extrakt’s TNSTM technology. Extrakt has developed proprietary, non-toxic, cyanide-free leaching solutions that have yielded excellent results on Candelaria samples. Results to date indicate that these solutions significantly increase silver recoveries, potentially doubling the recoveries achieved with traditional cyanide leaching on heap leach pad material and increasing them on the fresh material (see news release Feb 26, 2025).

In 2025, Silver One is nearing completion of a current mineral resource on the in-ground, near surface mineralization. The Company is also working on a preliminary economic study (PEA), which will encompass the current heap leach pad resource and the upcoming in-ground resource, comparing a cyanide leaching scenario to one using Extrakt’s proprietary solutions. The Company will also contemplate additional drilling to look at extending mineralization beyond the area of the updated resource. These are important steps as the Company moves the project closer to the development stage.

Figure 1. Candelaria site map.

To view an enhanced version of this graphic, please visit:
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Phoenix Silver, Arizona

Phoenix Silver is a unique property (See Figures 2 and 3). It lies at the northeastern end of a 50+ km long mineralized belt that is host to multiple porphyry copper and silver mines and deposits. Silver One completed the acquisition of a 100% interest in the project in 2024, initially acquired due to the discovery of very high-grade silver vein fragments. One of the fragments weighed 417 pounds (189 kg) and was estimated to contain over 70% silver. Over 200 silver fragments have been discovered on small (just over 1%) portions of the 15,000 acres property.

An airborne ZTEM (electromagnetic) survey conducted across the entire property in October 2024 identified several new silver targets (see news release of Feb 20, 2025). In addition, Company geologists identified another target consisting of a train of 40+ silver nuggets to the north of the 417 vein system. This area has not been explored in detail (Nuggets North target).

The ZTEM survey also outlined two priority porphyry targets that warrant follow up exploration. These occur at a lower elevation in the southern part of the property, where multiple select rock samples returned strongly elevated copper and silver values (see news release of Feb 20, 2025). This area is along strike and 5 km from Freeport McMoRan’s Miami-Inspiration copper mining complex and BHP’s new Ocelot copper porphyry prospect. All occur within a 50+ long mineralized belt hosting multiple copper and silver properties including BHP-Rio Tinto’s Resolution project, Capstone’s Pinto Valley Mine and KGHM’s Carlota project, among others.

An east-west structure thought to be the host of these larger silver vein fragments was drilled in late 2024 (see news release Feb 24, 2025). Anomalous silver with copper, lead and zinc values were encountered in many of the holes drilled. Extremely high-grade massive silver was not intercepted, which suggests that the targeted massive silver may occur in discontinuous ore shoots in-between drill intercepts, and/or at deeper depths.

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Silver One is proposing to complete a gravity survey in the 417 area to potentially better define silver targets, and additionally complete detailed mapping and sampling in the area of the train of silver nuggets north of the 417 area (Nuggets North). The Company also intends to complete an IP survey in the southern part of the property to confirm the ZTEM porphyry copper-silver targets for potential future drill testing.

Figure 2: Phoenix Silver location map showing copper belts of the Miami-Globe porphyry copper district. Major mines and deposits include the Miami-Inspiration mining complex, BHP’s Ocelot discovery area and Rio Tinto/BHP’s Resolution copper deposit. Blue contours are regional magnetic (MVI – contour interval 0.0002 SI) anomalies which are spatially coincident with the mineral belts of the Miami-Globe copper district.

To view an enhanced version of this graphic, please visit:
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Figure 3: Priority targets on ZTEM resistivity -300 depth map. Silver targets labeled PS1 to PS5 shown with black continuous line, are represented by the Predictive Targeting Probabilities color bar in the legend. The Nuggets North target, outside the areas of ZTEM anomalies is particularly important owing to the abundance of silver nuggets in the area. The copper values shown are from select rock samples. Porphyry targets Defiance and Quartz Ridge “QR” are shown for reference (see details in Company’s news release of February 20, 2025).

To view an enhanced version of this graphic, please visit:
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Cherokee, Nevada

At Cherokee (Figure 4), the company has conducted several campaigns of mapping and sampling as well as geophysics and limited shallow drilling on patented claims owned by the company. Targets include 1) An epithermal veins system with over 12 km of combined strike length and multiple high-grade silver, gold and copper values from selected rock chip samples on surface (see news release of September 3, 2019), and 2) a porphyry copper-molybdenum system with associated satellite skarn and limestone replacement mineralization.

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The epithermal veins were partially drilled in the Cherokee mine area with nine shallow diamond drill holes. Four of the nine drill holes intersected silver values between 80 g/t and 455 g/t over 5.45 m and 1.55 m respectively, within a wide quartz structure that averages 12 meters. Copper in these intercepts were 0.4% and 1.84%, respectively (see news release of November 16, 2021). Several other epithermal targets on the property outside the patented claims remain untested and permitting of some of these areas is planned for future drilling.

The southeast area of the property is highly prospective for potential porphyry-style copper and or molybdenum mineralization, with targets identified by geophysics and surface geochemistry. Of particular importance is a circular magnetic feature in the southeastern part of the property. Here, Paleozoic limestones host multiple northwest trending structures and alteration zones peripheral to the magnetic anomaly, including extensive areas of limestone replacement with elevated silver and base metals (copper-lead-zinc), and jasperoids (often associated with precious metal deposits in Nevada and elsewhere).

Silver One is also planning an IP survey in the southern portion of the property to help determine porphyry potential.

Figure 2. Total magnetic intensity map of the Cherokee project showing main target areas.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4730/249431_decddbfb3446cbb0_004full.jpg

Lodestar Debt Settlement

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Silver One’s Mexican assets were sold to Lodestar Metals Corp., (formerly Silverton Metals Corp.) in 2020. The settlement was to include a C$ 1.25 million cash payment upon signing (paid), the issuance to 4.375 million shares of Lodestar (settled), plus an additional C$ 1.25 million. Silver One has settled the issue of the final payment for consideration of C$ 50,000 plus the issuance of an additional 3.0 million shares of Lodestar. This will allow both companies to move forward, a significant factor in Silver One’s position as a major shareholder of Lodestar.

Qualified Person

The technical content of this news release has been reviewed and approved by Robert M. Cann, P. Geo, a Qualified Person as defined by National Instrument 43-101 and an independent consultant to the Company.

About Silver One

Silver One is focused on the exploration and development of quality silver projects. The Company owns a 100%-interest in its flagship project, the past-producing Candelaria Mine located in Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production. Additional opportunities lie in unmined historic resources as well as in previously identified high-grade silver intercepts down-dip, which can potentially increase the substantive silver mineralization along-strike from the two past-producing open pits.

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The Company owns 636 lode claims and five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 11 km along-strike.

Silver One also has 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very high-grade native silver prospect, recently permitted for drilling, which lies within the “Arizona Silver Belt,” immediately adjacent to the prolific copper producing area of Globe, Arizona.

For more information, please contact:

Silver One Resources Inc.
Gary Lindsey – VP, Investor Relations
Phone: 604-974‐5274
Mobile : (720) 273-6224
Email : gary@strata-star.com

Forward-Looking Statements

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Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Silver One cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Silver One’s control. Such factors include, among other

things: risks and uncertainties relating to Silver One’s limited operating history, ability to obtain sufficient financing to carry out its exploration and development objectives on the Candelaria Project, obtaining the necessary permits to carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Silver One 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 THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249431



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Odd and beguiling ‘Rose of Nevada’ will haunt viewers

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Odd and beguiling ‘Rose of Nevada’ will haunt viewers


The dilapidated fishing vessel from which “Rose of Nevada” takes its name disappeared into the sea off the coast of Cornwall, England, in 1993, bringing with it two members of a shorthanded crew. A young fisherman who had called out sick that day later died by suicide; some speculate because of survivor’s guilt. There’s a lot of speculation about that old boat. It was the kind of tragedy from which a tight-knit community never really recovers, and this quaint Cornish fishing village has since been stricken by decades of poverty and rot. Now, 33 years later, the Rose has mysteriously returned. It just showed up, ship-shape and empty, sitting there in the harbor one misty Monday morning. All she needs now is another crew.

How and why the boat returned is not for me to say, nor are such matters of much concern to writer-director Mark Jenkin. A time travel adventure with the cadence of a ghost story, “Rose of Nevada” haunts the viewer like the sound of a faint, distant horn on a foggy night. George MacKay stars as Nick, a loving husband and doting dad who has been out of work for some time now. He’s also a bit of a dummy, caving in their apartment’s roof while trying to patch a leak during a rainstorm. Nick finds himself crewing the Rose out of financial necessity — he’s literally trying to put a roof over his family’s heads — while Callum Turner’s gruff drifter Liam comes aboard seemingly because he’s got nothing better to do.

George MacKay (left) and Callum Turner in writer-director Mark Jenkin’s “Rose of Nevada.” (Courtesy Ian Kingsnorth/Bosena)

Any other movie would probably try to explain exactly how these boys return from their maiden voyage with a robust catch to find themselves transported back to 1993. They discover their little town thriving and keep running into younger, happier versions of characters we’ve met in the miserable present. Everyone seems to know who Nick and Liam are, but they’re calling them different names. It’s as if the two have somehow stepped into the shoes of those doomed crewmembers from 33 years ago, brought back here by the Rose either to fix history or repeat it.

Part of what makes the movie so mesmerizing is Jenkin’s artisanal approach. He shoots on an ancient, hand-cranked 16mm Bolex camera — a model slightly less advanced than what my film school class was using three decades ago. Jenkin leans into the grainy imperfections of the image, keeping in all the scratches and light leaks that professional labs and technicians typically scrub out. It’s impossible to capture synchronized sound with this equipment, so background noises and the necessarily sparse dialogue are added later in post-production, lending an eerie, uncanny quality to the proceedings.

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The set of self-imposed limitations creates its own aesthetic. Jenkin’s hand-cranked camera won’t run for more than 28 seconds at a time, forcing him to tell the story in a series of punchy, discrete images. Instead of wide establishing shots, he favors tight closeups made even more claustrophobic by 16mm’s boxy 1.33 aspect ratio. Our brains assemble the scenes almost like a mental jigsaw puzzle, getting a full sense of the boat without ever getting a complete look at it. Same goes for the town. It’s amazing how many gaps your mind fills in for you when prompted properly.

Jenkin takes a similar approach to the screenplay, allowing rhyming images and visual cues to provide most of the exposition. I went back and watched the movie a second time to try and understand how I always felt like I knew what was happening, even though I couldn’t possibly explain what was going on. The rhythms of the picture feel almost like a dream, obeying their own strict logic that locks in perfectly at the end. Jenkin’s previous picture, the cryptic Cornish island folk tale “Enys Men,” tried similar tactics, but with annoying, off-putting results. Two of the reasons this film connects so much better are the appealing lead performances by MacKay and Turner, a couple of genuine movie stars with whom we are happy to get lost at sea.

From left, Callum Turner and George MacKay in writer-director Mark Jenkin's
From left, Callum Turner and George MacKay in writer-director Mark Jenkin’s “Rose of Nevada.” (Courtesy Steve Tanner/1-2 Special)

MacKay made no impression at all in the insipid, Oscar-winning World War I gimmick film “1917,” but has since revealed himself to be one of our most adventurous young actors. He was electrifying as a bi-curious, homophobic hooligan in the 2024 Boston Underground Film Festival favorite “Femme,” and nailed multiple roles from swoon-worthy stud to psychopathic incel stalker in Bertrand Bonello’s brain-melting “The Beast.” There’s a performative aspect when most actors play dumb, a theatricality that reminds the audience they’re actually smarter than the character. As our stranded family man Nick, MacKay offers no such condescension. He’s a dim bulb with a big heart in an unfathomable situation; his eyes sometimes touchingly, hilariously blank. So much is already beyond Nick, and then all this happens.

Most readers probably know Turner as Mr. Dua Lipa. For those who have trouble keeping track of their cute British boys, he’s the jug-eared, scruffy one who isn’t Josh O’Connor. I’ve never understood the hubbub about this guy, but he won me over here. It’s tough to recall a character in a science-fiction story quite like Liam, who, when experiencing something as foundation-shattering as time travel, figures, “Sure, why not?” and rolls with it. MacKay has some hilarious reaction shots to his screen partner’s blithe acceptance of their new reality. Though I suppose it helps that in this alternate 1993 timeline, Liam winds up with a beautiful wife and daughter, while Nick just gets stuck with overbearing parents.

I’ve been turning over the movie’s ending in my mind for a couple of weeks. “Rose of Nevada” comes to a conclusion both hopeful and bittersweet, depending on how you want to read it. This is an odd, beguiling film that doesn’t look or sound like anything else you’ll see in theaters this year. The raggedly beautiful imagery is a feast of rust and decay, the film itself dinged up like it’s followed the boat here from a distant, mysterious time.


“Rose of Nevada” opens at the Coolidge Corner Theatre on Friday, July 10.

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UNR tests whether cow manure can help restore Nevada landscapes after wildfires

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UNR tests whether cow manure can help restore Nevada landscapes after wildfires


After decades of cheatgrass-fueled wildfires across Nevada, researchers at the University of Nevada, Reno are testing whether cattle can help restore damaged rangelands by spreading native seeds as they graze.

Cheatgrass, an invasive plant common across the Great Basin, dries out early and can fuel larger wildfires, making it harder for native vegetation to return. UNR postdoctoral scholar William Richardson said the plant helps create a self-reinforcing cycle.

“Cheatgrass grows, it creates more wildfires, that allows more cheatgrass to grow, and it becomes a bigger and bigger issue. That’s why we’re seeing all these mega fires spreading across the Great Basin,” Richardson said.

The challenge continues after flames are out. In Nevada’s arid climate, native plants can struggle to reestablish, while cheatgrass often returns quickly.

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UNR tests whether cow manure can help restore Nevada landscapes after wildfires

“We struggle with getting five to eight inches of rain a year. Trying to restore a native community in those very arid conditions are extremely difficult,” Richardson said.

Ewe won’t believe it: Sheep munch away at Reno’s wildfire worries in Arrowcreek area

Ranchers already use targeted grazing to reduce cheatgrass. Now, UNR researchers are studying whether cattle can also help reseed the landscape. The approach mixes native grass seeds into protein supplements cattle already eat. Researchers then track whether the seeds can survive digestion and be spread naturally across the range after being deposited in manure.

“We’re already using cattle to combat cheatgrass through targeted grazing, and the ultimate goal is to bring native species back across the landscape, so why don’t we combine those two ideas?” Richardson said.

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In lab testing, researchers evaluated special seed coatings designed to help some seeds survive a cow’s digestive system. The results showed certain species could make it through the process and still germinate after being deposited in manure, Richardson said, though some seeds need more protection than others.

UNR tests whether cow manure can help restore Nevada landscapes after wildfires

UNR tests whether cow manure can help restore Nevada landscapes after wildfires

“Some species naturally have a very thin seed coat and require more protection, while others can go through the gut of a cow easy peasy lemon squeezy,” he said.

The project is expected to move into field testing this fall at Horseshoe Ranch near Eureka, where researchers will track whether seeds can not only survive digestion but also establish new plants on the landscape.

“It’s a passive way to restore the landscape. Instead of having to go in with a tractor or seed from an airplane, you can use cows that are already there,” Richardson said.

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UNR tests whether cow manure can help restore Nevada landscapes after wildfires

UNR tests whether cow manure can help restore Nevada landscapes after wildfires

Researchers said the method is not intended to replace traditional restoration work, but to add another tool for land managers and ranchers. If the field trials are successful, they said the approach could eventually help restore thousands — or even hundreds of thousands — of acres across the Great Basin.



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As temperatures rise, HELP of Southern Nevada continues homeless outreach efforts

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HELP of Southern Nevada continues homeless outreach efforts | Local Las Vegas | Local























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