$CERT.V

Cerrado Gold Granted Injunction For Lagoa Salgada Project

Cerrado Gold (CERT.V) subsidiary Redcorp has been granted injunctive relief regarding the Portuguese Environmental Agency's unfavourable opinion for the Lagoa Salgada project, the company said on Wednesday.The injunction ensures that Redcorp continues to hold its concession contract for the project.The agency issued an unfavourable opinion after the statutory deadline of 50 business days had passed, following the reformulated project submission, a statement said. That deadline lapsed on January 22, 2026, without a final decision being lawfully issued. This resulted in "tacit" approval of the environmental impact assessment and the modified project that was submitted on November 8 last year., Cerrado said."We are pleased that the court has agreed with our position. The company continues to work with relevant stakeholders in Portugal towards a resolution that would see the Lagoa Salgada mine permitted and built," said board chair and chief executive Mark Brennan.The project has been recognized by the Portuguese government as a Project of National Interest (PIN) and is aligned with the objectives of the EU Critical Raw Materials Act.Cerrado Gold shares closed up $0.08, to $1.84 on Tuesday, on the TSX Venture Exchange.

Cerrado Gold Granted Injunction on Its Lagoa Salgada Project in Portugal

Globex Mining With Update On Mont Sorcier Iron Royalty Asset

GLOBEX MINING ENTERPRISES (GMX.TO) provided Tuesday an update as regards the Mont Sorcier iron deposit located in the Chibougamau area of Quebec.Globex noted it retains a 1% Gross Metal Royalty on iron production from the property, and it reproduced some background details as announced by Cerrado Gold Inc. (CERT.V) in its 2026 Q1 report issued May 27, 2026."In Canada, at the company's Mont Sorcier High grade, 67%, Iron project, work continued on delivering a Bankable Feasibility study. The company expects to release the results of a Bankable Feasibility study by the end of Q2 2026, and it now anticipates submitting the Environmental and Social Impact Assessment in early Q1 2027. As a result, permits are now expected no earlier than around year end 2028, suggesting construction could commence around the end of Q1 2029 due to the winter season. We note that recent comments by policymakers indicate a desire to accelerate the permitting process; however, no clear timeline for how this will impact Mont Sorcier is available at this time."GMX added: "The Mont Sorcier project is being designed as an 8 Mtpa concentrate operation, compared with 5 Mtpa in the PEA, to reflect strong demand for high-grade 67% iron concentrates with low silica and alumina suitable for the direct reduction iron (DRI) or pellet feed markets, the fastest growing segments of the iron ore market for which premium prices are expected. Development is expected to occur in two phases, with Phase 1 producing 4 Mtpa and a second 4 Mtpa expansion targeted approximately three years after start-up."Globex said it awaits results of the feasibility study on the Mont Sorcier iron ore deposit. The increased throughput forecast by Cerrado will come in the second phase of construction, it added.Shares in GMX were down $0.075 or 3.6% to $1.995 yesterday.

Cerrado Gold to Acquire Falcon Properties in Argentina

Cerrado Gold (CERT.V) has signed a binding agreement to acquire the Falcon properties in Argentina from Pan American Silver (PAAS.TO), Cerrado said Tuesday.The Falcon properties are located near Cerrado's Calandrias heap leach facilities at its Minera Don Nicolas operation.Under the terms, Cerrado subsidiary Minera Don Nicolas (MDN) will pay $200,000 grant a 2% net smelter returns royalty on all mineral products from Falcon.Certain of the Falcon properties are also subject to a 2% net smelter royalty on all mining products to Cerro Vanguardia, for which consent to the acquisition has been obtained.A 5,000-meter definition and exploration drill program on Falcon will commence immediately, Cerrado said."The Falcon properties host additional mineralization in close proximity to our existing operations, and beyond Falcon, we see the opportunity to leverage our installed infrastructure to drive regional consolidation of the area to enhance and extend the potential mine life at our Calandrias heap leach operations and extend the long-term mineral growth potential for MDN," Cerrado Chief Executive Officer and Chairman Mark Brennan said.

Cerrado Gold to Acquire Falcon Properties in Argentina Adjacent to Minera Don Nicolas' Calandrias Operations

Cerrado Gold Reports Higher Gold Equivalent Production in Q1, Maintains 2026 Production Guidance

Cerrado Gold (CERT.V), which saw its shares rise by more than 4% last Friday, said Monday that its gold equivalent production increased year over year in the first quarter while 2026 production guidance of 50,000 to 60,000 gold equivalent ounces was maintained.The company said it produced 12,842 GEO for the three months ended March 31 from the Minera Don Nicolas mine in Argentina, rising from 11,163 GEO in the year-ago period.Among other highlights it cited improved realized gold prices with close-out of hedges in January, andsaid underground development is "ramping up" to support increased production in Q2 in to Q3.The company added its exploration program is "advancing rapidly" to support resource growth at MDN with four drill rigs operating on site, and development activities "continue to progress" at both the Lagoa Salgada and Mont Sorcier projectsShares in CERT were up $0.07 or 4.1% to $1.76 last Friday.

Cerrado Gold Announcing Q1 2026 Production Results at Its Minera Don Nicolas Mine in Argentina