Sanu Gold Corp. Issues Stock Options

Energy stocks were higher late Friday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each adding 0.7%.

The Philadelphia Oil Service Sector index rose 0.9%, while the Dow Jones US Utilities index was 0.1% higher.

Front-month West Texas Intermediate crude oil climbed 3.1% to $68.62 a barrel, and the global benchmark Brent crude contract advanced 2.7% to $70.51 a barrel. Henry Hub natural gas futures increased 0.3% to $3.35 per 1 million BTU.

In corporate news, Exxon Mobil will receive up to 1 million barrels of crude oil from the US Strategic Petroleum Reserve to help maintain a stable regional supply of transportation fuels across Louisiana and the broader Gulf Coast, the US Department of Energy said Friday. Exxon shares rose 0.5%.

GE Vernova agreed to pay $10.5 million to the town of Nantucket, Massachusetts, and local businesses as part of a settlement stemming from a July 2024 wind turbine blade failure at the Vineyard Wind 1 offshore project, the town said Friday in a statement. GE Vernova shares were fractionally lower.

Eni shares added 0.3% after it said Friday it signed an agreement with UAE-based Khazna Data Centers to form a joint venture to develop a 500-megawatt AI data center campus in Ferrera Erbognone, Lombardy.

Houston American Energy shares climbed past 12% after the company said Friday it entered into a common stock purchase agreement with an institutional investor establishing a $100 million equity line of credit to back its growth and acquisitions strategy.

Talen Energy shares are expected to trade higher after an upsized power purchase agreement with Amazon.com's (AMZN) Amazon Web Services and a potential data center agreement at Montour, Oppenheimer said in a note Friday. Talen shares rose 3.6%.

Vancouver, British Columbia--(Newsfile Corp. - July 11, 2025) - Kingman Minerals Ltd. (OTCQB: KGSSF) (FSE: 47A) ("Kingman" or the "Company") announces that, further to TSX Venture Exchange ("Exchange") review, the Company has received approval to extend the deadline to hold its Annual General Meeting ("AGM") to no later than October 21, 2025. The Company also announces its intention to complete a non-brokered private placement of up to $504,000.00 (the "Offering").

The Financing

Subject to the approval of the TSX Venture Exchange (the "Exchange"), the Company intends to complete the Offering by issuing up to 7,200,000 units (each, a "Unit") at a price of $0.07 per Unit. Each Unit will be comprised of one common share in the capital of the Company and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.09 per common share, for a period of 24 months from the date of closing of the Offering.

The Company may pay finder's fees equal to 6.0% of the gross proceeds and issue finder's warrants equal to 6.0% of the number of Units sold. The finder's warrants will entitle the holder to purchase one common share of the Company at an exercise price of $0.09 for a period of 24 months.

The Company will use the net proceeds of the Offering for working capital and to advance preparation and permitting of an exploration plan at its flagship Mohave Project, inclusive of the historic Rosebud Mine in Arizona.

Closing of the Offering is subject to all applicable regulatory approvals, including approval of the Exchange. All securities issued under the Offering will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws.

It is anticipated that certain insiders of the Company will acquire Units. Such participation will each be considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the Private Placement due to the fair market value of the related party participation being below 25% of the Company's market capitalization for purposes of MI 61-101.

Upcoming AGM

Under TSX Venture Exchange Policy 3.2, the Company was required to hold its Annual General Meeting (AGM) by August 21, 2025. To comply with this requirement while ensuring sufficient time for planning, the Company submitted a formal request to the Exchange to extend the deadline. The Exchange reviewed and approved this request, granting an extension to October 21, 2025.

This extension allows the Company to complete the necessary corporate, regulatory, and administrative preparations required to convene the AGM in compliance with applicable legislation and Exchange policies. As part of this process, the Company will establish and announce a formal record date, which defines the list of shareholders entitled to vote at the meeting. The Company will also prepare and distribute the official notice of meeting in accordance with statutory timelines and disclosure requirements.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

ABOUT

Kingman Minerals Ltd. is a publicly traded exploration and development company focused on precious metals in North America. The company's flagship project is the fully owned historic Rosebud Mine, located in the Music Mountains, Mohave County, Arizona. High-grade gold and silver veins were discovered in the area in the 1880's and were mined mainly in the late 20's and 30's. Underground development on the Rosebud property included a 400-foot shaft and approximately 2,500 feet of drifts, raises and crosscuts. The Company believes that to explore the full potential of the area, drilling and sampling along strike and depth extensions of existing and additional vein structures is essential.

For further information please contact:

Simon D. Studer

Interim CEO, President & Director

simondavidstuder@gmail.com

Phone: 0041-44-585-2484

Corporate OfficeTel: (604) 685-7720

Email: info@kingmanminerals.com

Web: www.kingmanminerals.com

Neither the 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.

Cautionary Statement Regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to statements with respect to: the terms of the Private Placement; the anticipated use of proceeds; the anticipated insider participation in the Private Placement; the completion of the Private Placement; and the approval of the TSX Venture Exchange.

All statements, other than statements of historical fact, included herein, constitutes forward-looking information. Although Kingman believes that the expectations reflected in such forward-looking information and/or information are reasonable, undue reliance should not be placed on forward-looking information since Kingman can give no assurance that such expectations will prove to be correct. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties and other factors identified in Kingman's periodic filings with Canadian securities regulators. Forward-looking information are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking information. Important factors that could cause actual results to differ materially from Kingman's expectations include risks related to the completion of the Private Placement, including TSXV approval; risks associated with the business of Kingman; risks related to reliance on technical information provided by Kingman; risks related to exploration and potential development of the Company's mineral properties; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and First Nation groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional risks identified in Kingman's filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.com ).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258649

Oil futures end higher for a second straight week as the market shrugs off higher OPEC+ production plans, a second large weekly build in U.S. crude oil stocks and the return of U.S. tariff wars to traders' radars. Back-and-forth about sanctions on Russia, and Russia saying it will compensate for overproducing helped prices, and Middle East geopolitical tensions are still an issue, says John Kilduff of Again Capital. "We're not at a super high price. We're watching that $70 a barrel level that's going to be the key resistance. I doubt we'll take it out," he says. "There have been some bullish elements, and if nothing else some over-enthusiasm about the downside outlook." WTI settles up 2.8% at $68.45 a barrel, up 2.2% on the week, and Brent rises 2.5% to $70.36 for a 3% weekly increase.(anthony.harrup@wsj.com)

Source: CME Group 
 
For previous business day 
PREV TOTAL subject to revisions. Source: CME Group 
 
                      Prev                         Net               Total 
Platinum             Total  Received Withdrawn  Change Adjustment    Today 
ASAHI DEPOSITORY LLC 
Registered               0         0        0       0         0          0 
Eligible                 0         0        0       0         0          0 
Total                    0         0        0       0         0          0 
 
BRINK'S, INC. 
Registered          76,950         0        0       0         0     76,950 
Eligible            24,718         0        0       0         0     24,718 
Total              101,668         0        0       0         0    101,668 
 
CNT DEPOSITORY, INC. 
Registered           1,246         0        0       0         0      1,246 
Eligible                 0         0        0       0         0          0 
Total                1,246         0        0       0         0      1,246 
 
DELAWARE DEPOSITORY 
Registered           5,672         0        0       0         0      5,672 
Eligible            18,809         0        0       0         0     18,809 
Total               24,482         0        0       0         0     24,482 
 
HSBC BANK, USA 
Registered           1,295         0        0       0         0      1,295 
Eligible             9,282         0        0       0         0      9,282 
Total               10,577         0        0       0         0     10,577 
 
INTERNATIONAL DEPOSITORY SERVICES OF DELAWARE 
Registered           3,394         0        0       0         0      3,394 
Eligible                 0         0        0       0         0          0 
Total                3,394         0        0       0         0      3,394 
 
JP MORGAN CHASE BANK NA 
Registered          44,257         0        0       0         0     44,257 
Eligible             1,298         0        0       0         0      1,298 
Total               45,555         0        0       0         0     45,555 
 
LOOMIS INTERNATIONAL (US) LLC 
Registered          22,335         0        0       0         0     22,335 
Eligible            43,435         0        0       0         0     43,435 
Total               65,770         0        0       0         0     65,770 
 
MALCA-AMIT USA, LLC 
Registered             395         0        0       0         0        395 
Eligible                 0         0        0       0         0          0 
Total                  395         0        0       0         0        395 
 
MANFRA, TORDELLA & BROOKES, LLC 
Registered           4,178         0        0       0         0      4,178 
Eligible            11,398         0        0       0         0     11,398 
Total               15,576         0        0       0         0     15,576 
 
STONEX PRECIOUS METALS LLC 
Registered           1,824         0        0       0      -413      1,411 
Eligible             5,993         0        0       0       413      6,406 
Total                7,817         0        0       0         0      7,817 
 
COMBINED TOTALS 
Registered         161,546         0        0       0      -413    161,133 
Eligible           114,934         0        0       0       413    115,347 
Total              276,480         0        0       0         0    276,480 
 
                      Prev                         Net               Total 
Palladium            Total  Received Withdrawn  Change Adjustment    Today 
ASAHI DEPOSITORY LLC 
Registered               0         0        0       0         0          0 
Eligible                 0         0        0       0         0          0 
Total                    0         0        0       0         0          0 
 
BRINK'S, INC. 
Registered           4,462         0        0       0         0      4,462 
Eligible             9,786         0        0       0         0      9,786 
Total               14,248         0        0       0         0     14,248 
 
CNT DEPOSITORY, INC. 
Registered              97         0        0       0         0         97 
Eligible                 0         0        0       0         0          0 
Total                   97         0        0       0         0         97 
 
DELAWARE DEPOSITORY 
Registered             987         0        0       0         0        987 
Eligible             3,208         0        0       0         0      3,208 
Total                4,195         0        0       0         0      4,195 
 
HSBC BANK, USA 
Registered             586         0        0       0         0        586 
Eligible             2,623         0        0       0         0      2,623 
Total                3,209         0        0       0         0      3,209 
 
INTERNATIONAL DEPOSITORY SERVICES OF DELAWARE 
Registered               0         0        0       0         0          0 
Eligible                 0         0        0       0         0          0 
Total                    0         0        0       0         0          0 
 
JP MORGAN CHASE BANK NA 
Registered          12,746         0        0       0         0     12,746 
Eligible               728         0        0       0         0        728 
Total               13,474         0        0       0         0     13,474 
 
LOOMIS INTERNATIONAL (US) LLC 
Registered          10,011         0        0       0         0     10,011 
Eligible               102         0        0       0         0        102 
Total               10,113         0        0       0         0     10,113 
 
MALCA-AMIT USA, LLC 
Registered               0         0        0       0         0          0 
Eligible                 0         0        0       0         0          0 
Total                    0         0        0       0         0          0 
 
MANFRA, TORDELLA & BROOKES, LLC 
Registered           2,116         0        0       0         0      2,116 
Eligible               630         0        0       0         0        630 
Total                2,746         0        0       0         0      2,746 
 
STONEX PRECIOUS METALS LLC 
Registered               0         0        0       0         0          0 
Eligible                 0         0        0       0         0          0 
Total                    0         0        0       0         0          0 
 
COMBINED TOTALS 
Registered          31,004         0        0       0         0     31,004 
Eligible            17,078         0        0       0         0     17,078 
Total               48,081         0        0       0         0     48,081 
 
Write to Rodney Christian at csstat@dowjones.com 

GASOLINE RBOB - NEW YORK MERCANTILE EXCHANGE 
OPTION AND FUTURES COMBINED POSITIONS AS OF 07/08/25          | 
--------------------------------------------------------------| NONREPORTABLE 
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS 
--------------------------|-----------------|-----------------|----------------- 
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short 
-------------------------------------------------------------------------------- 
(CONTRACTS OF 42,000 U.S. GALLONS)                   OPEN INTEREST:      348,966 
COMMITMENTS 
  80,252   45,579   76,942  168,423  212,464  325,617  334,986   23,349   13,980 
 
CHANGES FROM 07/01/25 (CHANGE IN OPEN INTEREST:      5,245) 
   1,713   -2,441    4,783   -2,634    3,982    3,862    6,324    1,383   -1,079 
 
PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER 
    23.0     13.1     22.0     48.3     60.9     93.3     96.0      6.7      4.0 
 
NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      246) 
      83       40       77       90      111      203      202 
 
 
GULF COAST CBOB GAS A2 PL RBOB - NEW YORK MERCANTILE EXCHANGE 
OPTION AND FUTURES COMBINED POSITIONS AS OF 07/08/25          | 
--------------------------------------------------------------| NONREPORTABLE 
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS 
--------------------------|-----------------|-----------------|----------------- 
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short 
-------------------------------------------------------------------------------- 
(CONTRACTS OF 42,000 GALLONS)                        OPEN INTEREST:       21,082 
COMMITMENTS 
       0        0        0   20,755   20,707   20,755   20,707      327      375 
 
CHANGES FROM 07/01/25 (CHANGE IN OPEN INTEREST:        425) 
       0        0        0      425      425      425      425        0        0 
 
PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER 
     0.0      0.0      0.0     98.4     98.2     98.4     98.2      1.6      1.8 
 
NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       22) 
       0        0        0       16       17       16       17 
 
 
GULF JET NY HEAT OIL SPR - NEW YORK MERCANTILE EXCHANGE 
OPTION AND FUTURES COMBINED POSITIONS AS OF 07/08/25          | 
--------------------------------------------------------------| NONREPORTABLE 
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS 
--------------------------|-----------------|-----------------|----------------- 
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short 
-------------------------------------------------------------------------------- 
(CONTRACTS OF 42,000 GALLONS)                        OPEN INTEREST:       17,365 
COMMITMENTS 
     690        0        0   16,300   17,345   16,990   17,345      375       20 
 
CHANGES FROM 07/01/25 (CHANGE IN OPEN INTEREST:     -3,301) 
    -299        0        0   -2,982   -3,301   -3,281   -3,301      -20        0 
 
PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER 
     4.0      0.0      0.0     93.9     99.9     97.8     99.9      2.2      0.1 
 
NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       36) 
       2        0        0       24       17       26       17 
 
     Write to Valena Henderson at csstat@dowjones.com