PolarX Limited has secured a US$2 million advance from its largest shareholder, Northern Star Resources, to bolster resource expansion at its Alaska Range Copper-Gold Project. The US$2 million loan, which converts to approximately A$3.1 million, is structured with a 12‐month term, starting with an interest-free period for the first three months before switching to a 7% per annum interest rate. The funds will enable PolarX Limited to mobilise exploration teams and equipment for an aggressive field program at the Caribou Dome Project located roughly 250 kilometers northeast of Anchorage in Alaska. The exploration campaign for the 2025 field season will leverage an extensive airborne geophysical program incorporating magnetic and LIDAR surveys at 50‑meter line spacing, covering the Caribou Dome to Senator property area. These surveys will complement existing high‑quality datasets from the adjacent Stellar project. Field crews are set to clear access roads, prepare the camp, and mobilise drilling equipment, with drilling planned to commence in early July and continue through September. This ambitious schedule builds on encouraging findings from the 2024 season, where high‑grade copper mineralisation was confirmed, extending from the surface down to over 300 meters and remaining open at depth. In addition to accelerating exploration activities, the renewed focus on the Caribou Dome Project comes on the back of rigorous previous work. Historical drilling has delineated copper mineralisation over approximately 700 meters along strike, and recent resource updates have outlined significant measured, indicated, and inferred resources. These include a combined resource estimate for the Caribou Dome and Zackly deposits, which together form part of the broader Alaska Range Project. A 2024 scoping study produced robust economics, projecting a pre‑tax net present value of A$625 million and an internal rate of return of nearly 74%, based on conservative copper and gold price assumptions. Market sentiment can be weighed from two perspectives. On the bullish side, the injection of funds from a major stakeholder and the immediate ramp‑up of exploration offer promising potential for enhancing resource delineation and expanding asset value. The strong historical performance, coupled with favourable preliminary economic assessments, provides an optimistic outlook for future discoveries and project catalysts. Conversely, from a bearish standpoint, the unsecured nature of the loan and reliance on successful exploration outcomes underscore inherent risks. The company faces uncertainties related to commodity price fluctuations and operational challenges in a remote environment, which may yield volatility as further technical and financial milestones are pursued. Overall, the funding arrangement positions PolarX Limited to exploit its resource base aggressively, with near‑term exploration initiatives aimed at uncovering additional high‑grade mineralisation, further supporting its long‑term strategic objectives.