NEW YORK, April 24, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) President Lynn Martin congratulates Paul Atkins on being sworn in as the new Chairman of the Securities and Exchange Commission. 

Kristen Scholer delivers the pre-market update on April 24th

• NYSE President Lynn Martin, in a post on LinkedIn, congratulated SEC Chair Atkins after he was sworn in and expressed appreciation for his longstanding views on the markets.
• Martin emphasized the NYSE’s strong belief that “regulatory effectiveness and efficiency are central to the attractiveness of our markets,” adding that Chairman Atkins has been making that same argument since 2008.
• In her post, she wrote that she looks forward to working closely with Atkins and other policymakers in Washington D.C. to “create an environment that ensures our capital markets remain the envy of the world.”
• Stocks are gaining for a third straight session, extending a two-day rally boosted by a tone down in tariff talk and softer stance toward Federal Reserve Chair Jerome Powell.

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Issued on behalf of Lake Victoria Gold Ltd.

VANCOUVER, BC, April 24, 2025 /PRNewswire/ — Equity Insider News Commentary – Amid the ongoing volatility on the markets, several gold stocks are surging, with the Top 50 mining companies thriving within the tariff-related chaos. All the while, analysts still believe these gold stocks are not only outperforming the market, but still look undervalued, a sentiment echoed by prominent economist Peter Schiff. Currently there are multiple mining companies making headlines with their recent developments, including Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX), NOVAGOLD Resources Inc. (NYSE-American: NG) (TSX: NG), Dynacor Group Inc. (TSX: DNG) (OTCPK: DNGDF), and Cabral Gold Inc. (TSXV: CBR) (OTCPK: CBGZF).

Gold is on a historic run, becoming what Barron’s is calling a “light in the investment darkness“, pointing to surging demand among not just bankers, but individuals seeking gold bars and coins alike. By the end of the year, Goldman Sachs’ analysts note that gold could not only finish over US$3,700/oz, but potentially even rise to as much as $4,000/oz by mid-2026.

Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) announced today that it’s evaluating a small-scale development opportunity aimed at generating early cash flow at its flagship Tembo Project in Tanzania to support its broader exploration strategy, following the recent conversion of its Prospecting License into four Mining Licenses (MLs). Through its local subsidiary MIPCCL, the company is in discussions to form a joint venture with the operator of a privately commissioned CIP processing facility situated within one of Tembo’s 4 MLs.

“This potential partnership could represent a unique opportunity to establish early, low-capital-cost production from Tembo while continuing to unlock the district’s exploration upside,” said Marc Cernovitch, President and CEO of Lake Victoria Gold. “We remain committed to advancing Tembo through both strategic exploration and disciplined project development.”

This initiative is at a preliminary, conceptual stage and is not based on a current mineral resource estimate, nor is it supported by a Feasibility Study that would demonstrate economic or technical viability. Any potential development remains highly speculative and subject to significant technical and economic uncertainties, including grade continuity, metallurgy, permitting, and financing.

“Tembo has always stood out as a project with the potential to deliver both near-term value and long-term discovery upside,” said Simon Benstead, Chairman and CFO of Lake Victoria Gold. “Evaluating this small-scale development opportunity allows us to test the system, generate operational insights, and potentially self-fund ongoing exploration. We believe this approach aligns well with our disciplined strategy and our commitment to responsible, phased development in Tanzania.”

Over the past year, LVG has made steady progress advancing its dual-asset strategy in the Lake Victoria Goldfield, one of East Africa’s most prospective and historically productive gold regions. The company believes it now has many of the key regulatory, financial, and operational components in place to support a transition from exploration toward phased development—creating both near- and long-term opportunities.

Tembo remains the company’s long-range flagship. Located immediately adjacent to Barrick Gold’s Bulyanhulu Mine, the 100%-owned project has seen over US$28 million in historical exploration investment, including more than 50,000 meters of drilling.

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Results from targets like Ngula 1, Nyakagwe Village, and Nyakagwe East have identified multiple mineralized structures with high-grade gold intercepts, many of which remain open along strike and at depth. The company is now updating its view of the near-surface potential across those zones in light of its new mining licenses and improving local infrastructure.

While Tembo may be the larger prize, the Imwelo Project is likely to lead development. LVG acquired full control of Imwelo earlier this year, and the project already holds a valid Mining License and permits from the Government of Tanzania to move towards development.

Located west of AngloGold Ashanti’s Geita Gold Mine, Imwelo was previously the subject of an updated pre-feasibility study in 2021 and is now positioned as the company’s near-term development candidate.  Early-stage development from Imwelo, if successfully advanced, could support ongoing work at Tembo while establishing a local operating presence.

Financially, LVG continues to pursue multiple avenues of support. In late 2024, the company signed a non-binding gold prepay term sheet with Monetary Metals—a U.S.-based gold finance firm—for up to 7,000 ounces of gold, subject to conditions precedent. Based on prevailing gold prices, that facility could potentially provide upwards of US$20 million in non-dilutive capital for construction costs.

In addition, LVG completed the first tranche of a three-stage strategic investment agreement with Taifa Group, Tanzania’s largest mining contractor. The initial C$3.52 million tranche closed in February at a share price of C$0.22.

As part of that relationship, Richard Reynolds, former CEO of Taifa Mining, was appointed to the company’s board—adding regional and operational depth at the governance level.

LVG also retains exposure to future upside through its 2021 deal with Barrick, which saw the company sell six non-core licenses adjacent to Tembo for US$6 million upfront, with up to US$45 million in contingent milestone payments tied to future discoveries. Barrick has been actively drilling on the package since, while LVG retains a back-end interest with no further capital outlay.

With early-stage development potential at Tembo, near-term development at Imwelo, and continued exposure to upside through its Barrick deal, Lake Victoria Gold is increasingly well-positioned within the East African junior gold sector.

CONTINUED… Read this and more news for Lake Victoria Gold at: 
https://equity-insider.com/2025/04/14/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/

In other industry developments and happenings in the market include:

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Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) is selling its 50% interest in the Donlin Gold Project to Paulson Advisers and NOVAGOLD Resources Inc. (NYSE-American: NG) (TSX: NG) in a $1 billion cash deal, with NOVAGOLD increasing its stake to 60% and Paulson acquiring 40%.

“The Donlin agreement allows Barrick to exit the Donlin Gold Project at an attractive valuation, while allowing NOVAGOLD and Paulson to pursue the development of the project,” said Mark Bristow, President and CEO of Barrick. “This is a good example of an instance where an asset we own might be better suited in the hands of others, while we pursue our priority portfolio of Barrick-managed growth projects.”

The transaction is expected to close in Q2 or Q3 2025, pending regulatory approvals. Under the new structure, NOVAGOLD and Paulson will share governance and management responsibilities for Donlin Gold.

“With 39 million ounces of gold at double the industry average grade, and an optimal location in the prime jurisdiction of Alaska — already the second largest gold-producing state in the United States — we believe that the project could create value for decades to come,” said John Paulson, head of private investment firm Pauslon Advisers, and Chairman of NOVAGOLD. “. Enjoying excellent social license and formidable exploration upside potential to significantly expand its resources and production profile, Donlin Gold constitutes a superb opportunity for us to gain leverage to gold in the United States at an attractive valuation.”

Their joint focus will be updating the project’s Feasibility Study, expanding drill programs, and maintaining environmental and community stewardship in Alaska’s Yukon-Kuskokwim region.

Dynacor Group Inc. (TSX: DNG) (OTCPK: DNGDF) achieved record gold sales of $80.0 million in Q1 2025, up 18.2% from the same period in 2024. March sales reached $28.8 million, boosted by a 38% increase in gold price year-over-year.

The company’s Veta Dorada plant continued operating at full capacity, processing 15,000 tonnes of ore. With gold averaging $2,878 per ounce year-to-date, Dynacor remains on target to hit its 2025 sales guidance of $345–$375 million.

Cabral Gold Inc. (TSXV: CBR) (OTCPK: CBGZF) recently returned one of its strongest drill results to date, intersecting 12m @ 27.7 g/t gold (including 5m @ 65.5 g/t) from 42m depth at the Machichie NE target in the Cuiú Cuiú gold district. This new result, combined with past high-grade hits, confirms a mineralized zone extending at least 200m along strike, which remains open at depth and laterally.

“These results from RC520 (12m @ 27.7 g/t gold) are amongst the best drill results we have ever received from any target at Cuiú Cuiú, and are further confirmation that a significant zone of bonanza-grade gold mineralization exists at Machichie NE,” said Alan Carter, President and CEO of Cabral. “We will continue to aggressively explore the 50+ targets at Cuiú Cuiú where we have gold in boulder fields, trenches and drill holes, whilst advancing our starter gold-in-oxide project which is targeting gold-in-oxide saprolite material. Given the plethora of high-grade values at numerous other targets at Cuiú Cuiú, we expect to make further high-grade discoveries similar to Machichie NE.”

Machichie NE sits just 150m from the Machichie Main discovery and 650m north of the MG gold deposit. Cabral is currently drilling multiple targets in the area while advancing its gold-in-oxide starter project and updating the broader resource model.

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DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). This article is being distributed for Baystreet.ca media corp, who has been paid a fee for an advertising from a shareholder of the Company (333,333 unrestricted shares). MIQ has not been paid a fee for Lake Victoria Gold Ltd. advertising or digital media, but the owner/operators of MIQ also co-owns Baystreet.ca Media Corp. (“BAY”) There may also be 3rd parties who may have shares of Lake Victoria Gold Ltd. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY own shares of Lake Victoria Gold Ltd and reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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• Aily Labs welcomes Amy Chang, a technology visionary and current board member of Disney and Procter & Gamble, to its Board of Directors and Advisory Board, bringing exceptional innovation and technology-scaling leadership

• Joseph Jimenez, Co-Founder and Managing Director of Aditum Bio and former CEO of Novartis, joins Advisory Board offering deep executive leadership expertise in pharmaceutical and CPG

• Derica Rice, former EVP of CVS Health, President of CVS Caremark, and CFO of Eli Lilly joins Advisory Board to guide AI adoption across healthcare, CPG, retail, and more

• Chang, Jimenez, and Rice’s appointments reinforce Aily Labs’ mission to reshape how the world’s most influential companies apply agentic AI at scale for decision-making

NEW YORK, April 24, 2025 /PRNewswire/ — Aily Labs GmbH, pioneer of the first-and-only AI-native Decision Intelligence App for global enterprises, today announced the appointment of Amy Chang to its Board of Directors and Advisory Board and Joseph Jimenez and Derica Rice to its Advisory Board. These appointments mark a bold inflection point as Aily Labs scales its platform globally — powered by an always-on, agentic AI suite, including a new autonomous AI agent designed to deliver forward-thinking, personalized recommendations to corporate leaders — to help enterprises move faster, operate more sharply, and stay ahead.

“Amy, Joe, and Derica are exceptional enterprise business leaders and transformational role models. Welcoming them to Aily Labs exemplifies our shared commitment to build a new category of AI-first decision intelligence for Fortune 500 leaders,” said Bianca Anghelina, Founder and CEO of Aily Labs. “Together, we’re not just augmenting decisions, we’re reshaping how the world’s most influential companies apply AI at scale for decision making.”

Amy Chang Appointed to Aily Labs’ Board of Directors and Advisory Board

Ms. Chang serves on the Boards of Disney and Procter & Gamble (P&G), bringing a proven track record in digital transformation, product innovation, and scaling high-growth technology companies. She was the founder and CEO of Accompany, Inc., acquired by Cisco, where she later led its multi-billion-dollar Collaboration business. Previously, she held board roles at Cisco, Splunk, Informatica, and Marqeta — representing nearly $1 trillion in combined market capitalization.

“It’s an incredibly exciting time to be advising Aily Labs as they stand at the forefront of the AI revolution, transforming all facets of business from finance resource allocation to supply chain optimization – all of it with single-day integration for customers,” said Ms. Chang. “Aily Labs’ vision to shift enterprises from passive data to active, agent-driven action is bold, and I am thrilled to be part of this journey shaping the future of work with agentic AI.”

Joseph Jimenez Appointed to Aily Labs’ Advisory Board

Mr. Jimenez brings decades of executive leadership and healthcare innovation, advising on strategic growth across industries. He currently serves as Co-Founder and Managing Director of Aditum Bio, sits on the Boards of P&G and General Motors, and previously served as the CEO of Novartis.

“As CEO of Novartis, I made capital allocation decisions across dozens of business units. In pharma and biotech, speed and precision save lives. Aily Labs is applying that same urgency and accuracy to enterprise decision-making, using agentic AI to drive faster, smarter outcomes,” said Mr. Jimenez. “This is the AI platform every leadership team needs.”

Derica Rice Appointed to Aily Labs’ Advisory Board

Mr. Rice, former EVP of CVS Health and President of CVS Caremark, brings extensive experience from senior roles in healthcare and finance. Previously at Eli Lilly, he served as EVP and Chief Financial Officer, helping shape long-term corporate strategy. He currently serves on the Boards of Disney, Target, Bristol Myers Squibb, and The Carlyle Group.

“Aily Labs is unlocking a new level of enterprise productivity, enabling people and AI agents to work seamlessly together, eliminate inefficiencies, and act with precision,” said Mr. Rice. “I’m excited to support the scaling of AI decision intelligence across industries, where it has the potential to transform how leaders operate, prioritize, and deliver impact at speed.” 

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Aily Labs
Aily Labs transforms business needs into applied AI use cases, embedding them into an easy-to-integrate, simple-to-use app. Its AI-powered platform and AI agent suite combine the latest advancements in large language models and business data with AI decision intelligence to supercharge enterprises with real-time insights and actionable data. This intuitive platform enables Fortune 500 organizations to achieve unmatched efficiency, drive innovation, and fuel unstoppable growth.

Founded in 2020, Aily Labs is an AI Software company and on a mission to transform ways of working by empowering businesses with meaningful AI. Aily Labs accelerates the digital journeys of large, global organizations, supported by an experienced team of digital specialists and data scientists. For more information, visit ailylabs.com.

Aily Labs Contact
Ken Huang
Ken.Huang@AilyLabs.com

Jessica Muldoon
AilyLabs@ruderfinn.com

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