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Firestone Ventures Inc. reports news about its junior mineral exploration business, project evaluation activity, shareholder meetings and governance matters. Company updates have described its focus on mineral property interests tied to zinc, lead, silver, copper and other precious or base metals.
Recent releases also cover shareholder meeting materials, voting results, stock option plan matters and project-level arrangements involving the examination of mineral tailings and potential carbon storage applications.
Firestone Ventures (FSVEF) has elected to adopt semi-annual financial reporting under Coordinated Blanket Order 51-933, a pilot project of the Ontario Securities Commission for certain venture issuers. Under this election, Firestone will not file interim financial reports or MD&A for its first and third fiscal quarters.
The company will continue to file audited annual financial statements within 120 days of its March 31 year-end and six-month interim reports within 60 days of September 30. Firestone confirms it qualifies for the SAR pilot as a venture issuer with under $10 million in annual revenue and a compliant disclosure record, with the change effective for the quarter ended June 30, 2026. Firestone is a mineral exploration company currently being revitalized to pursue a carbon storage venture.
Firestone (OTC:FSVEF) signed a 1-year Memorandum of Understanding with Aurania Resources and RSA to evaluate tailings at the former Balangero asbestos mine (25 km NNW of Turin) for two purposes: 1) test extraction of nickel, cobalt, chromium, iron and copper by Aurania and 2) test ex-situ carbon mineralization by Firestone to neutralize asbestos. RSA estimates ~60 million m3 of serpentinite tailings in a ~250 m pile. Dr. Chiara Boschi will lead laboratory carbonation work; theoretical full conversion could bind ~70–73 million tonnes CO2, but actual capacity depends on mineralogy and lab results. If favourable, parties may negotiate a commercial agreement after the 1-year study.
Firestone Ventures (OTC:FSVEF) warns shareholders that the ongoing Canadian Union of Postal Workers strike may delay delivery of its Meeting Materials for the annual general and special meeting scheduled for October 23, 2025. The company states it mailed the information circular, notice of meeting and proxy materials in accordance with regulatory requirements, but materials may not arrive before the Meeting due to the strike.
The Meeting Materials are filed on SEDAR+ and available at the company website. Shareholders can still vote by proxy: registered shareholders should call the transfer agent at 1-800-564-6253; non-registered shareholders should contact their intermediary. Proxy voting deadline is 11:00 AM EST on October 21, 2025.
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