Sankamap Metals Inc. (CSE: SCU) (‘Sankamap’ or the ‘Company’) is pleased to provide an exploration update from its 24,000-hectare (‘Ha’) Fauro property (‘Fauro’), located in the Shortland Islands, Western Province, Solomon Islands.

Recent prospecting and geological mapping at the Meriguna Target within the Fauro Property were undertaken to validate historical sampling results and further refine target generation. Historical exploration at Meriguna includes drill intercepts of up to 35 metres grading 2.08 grams per tonne (g/t) Au, trench results of 8 metres at 27.95 g/t Au, and rock samples returning values of up to 173 g/t Au. In addition, limited alluvial mining is currently being conducted by local landowners, providing further evidence of significant near-surface gold mineralization.

CEO John Florek commented:

‘Sankamap is actively advancing two significant mineralized systems within its 100%-owned Oceania Project. Both the Kuma and Fauro projects demonstrate strong potential for significant gold and copper mineralization.

‘At the Fauro Property, multiple mineralized targets are situated along the rim of an ancient volcanic caldera, where sampling has returned exceptional gold and copper results. Recent work at the Kiovakase Target has yielded high-grade gold values of up to 19.25 g/t Au, together with standout copper values reaching 4.09% Cu (see press release dated July 16, 2025).

‘Recent sampling at the Meriguna Target, located approximately 2.5 km north of Kiovakase, has also identified strong mineralization comparable to that observed at Meriguna, further highlighting the scale and continuity of the mineralized system.’

Highlights

• Visible gold identified throughout the property in surface alluvial workings from local artisanal miners at the Meriguna Prospect.
• Rock samples collected at Meriguna display similar alteration observed at our Kiovakase Target located 2.5 km to the south.
• Recent sampling at the Kiovakase Target returned values of up to 19.25 g/t Au and 4.09% Cu, representing the highest copper grades reported to date on the Fauro Property and supporting potential for a porphyry system at depth.
• The ongoing exploration program at the Fauro Property is focused on expanding and refining historical mineralized zones to generate high-priority drill targets for 2026.

Figure 1: Fauro tenement boundaries with magnetic overlay and target historical highlights.

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Discussion

The Fauro Property is strategically situated along a regional copper-gold (Cu-Au) trend known for hosting major deposits, including Panguna and Lihir (see press release dated May 7, 2025). Fauro shares key tectonic and geological features with both Panguna and Lihir and is situated in a largely underexplored region.

Lihir containing 71 Moz Au¹ (310 Mt containing 23 Moz Au at 2.3 g/t Proven+Probable (‘P&P’), 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred) and Panguna containing 19.3 Moz Au + 5.3 Mt Cu² (1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3 % Indicated, 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu Inferred).

The initial phase of the exploration program at Fauro was strategically designed to validate historical surficial assay results, engage with local communities, and evaluate terrain and logistical conditions in preparation for a forthcoming drill campaign. As part of this effort, fifteen preliminary grab samples were collected from the Meriguna Target, one of three historically explored zones on the property (see Figure 1).

The Meriguna Target is underpinned by historically elevated trench, drill, and grab sample grades (see Figure 2). The area is also subject to active local alluvial mining, where gold is visually observable at surface through panning and sluicing, providing additional confirmation of significant near-surface mineralization.

Figure 2: Fauro Property-Meriguna target illustrating historical highlights with new sample locations from November 2025 sampling (annotated in yellow).

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Figure 3: Selected rock samples from Meriguna target, Fauro.

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Quality Assurance and Control Procedures

Sample preparation and analysis was completed at the Brisbane, Australia ALS Global Facility accredited by the National Association of Testing Authorities (NATA) and compliant with international standards ISO/IEC 17025. Samples were analyzed using Four acid digestion methods on 34 elements: HF-HNO3-HCIO4 acid digestion, HCL leach and ACP-AES. Gold was analyzed using the Fire Assay technique with a 50g sample under the ALS code Au-AA26. A secure chain of custody procedure was maintained in storing and transporting samples. Sankamap uses industry standards for collecting samples taken on the Fauro property, internal quality assurance and quality control (QAQC) procedures were followed by ALS.

Next Steps at the Fauro Property – 2026 Exploration

Historical drilling, surface sampling, and geophysical work at the Fauro Property have identified multiple near-surface epithermal gold systems with potential for an underlying porphyry system. Recent rock sampling at the Meriguna target is intended to confirm significant surface gold mineralization.

A phased exploration program is planned for 2026, beginning with continuation of systematic sampling to validate historical surface results. These data will guide follow-up geophysical surveys, if warranted, targeting signatures characteristic of porphyry and epithermal systems.

Results will be integrated with existing datasets to design a focused drill program aimed at confirming historical intersections and testing extensions of mineralization that remain open at depth and along strike.

About Sankamap Metals Inc.

Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company’s fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newmont’s Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).

Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap’s Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.

At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au³; underscoring the area’s significant potential.

At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au⁴. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au⁴, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au⁴, further underscoring the property’s strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.

1.Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)

2. Bougainville Copper Ltd. Annual Report, 2016 (1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3 % Indicated, 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu Inferred)

3. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012

4. September 2010-June 2012 press releases from Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012

QP Disclosure

The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.

The Canadian Securities Exchange has not approved nor disapproved this press release.

Forward-Looking Statements

Forward-Looking Statements Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the company’s current expectations regarding future events, performance and results and speak only as of the date of this release.

Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280171

Including Intersecting: 3.05 Metres at 1,331.00 g/t Ag, 0.16 g/t Au,14.17% Mn, 2.19% Pb, and 4.45% Zn

VANCOUVER, BC / ACCESS Newswire / January 13, 2026 / Prince Silver Corp. (CSE:PRNC,OTC:PRNCF)(OTCQB:PRNCF)(Frankfurt:T130) (‘Prince Silver’ or the ‘Company’), is pleased to announce assay results from the first five holes from its ongoing 9,000-metre reverse circulation (‘RC’) drill program at the Prince Silver Project in Lincoln County, Nevada, USA. (See Figure 1: Project Location Map below).

Derek Iwanaka, CEO and Director states, ‘Our first five RC drill holes have encountered multiple thick, well mineralized intersections from reasonably shallow depths, returning excellent silver, gold, and manganese assay results as outlined below. These initial results indicate the strong likelihood that our planned 30-hole drill program will be successful in verifying the range of tonnes and grades outlined in the Exploration Target* (Refer to Exploration Target section below).’

RC Drill Hole Assay Highlights

PRC-26:

• 35 feet (10.7 metres) at 59.7 g/t Silver (Ag), 0.12 g/t Gold (Au), 10.97% Manganese (Mn), 1.04% Lead (Pb), and 2.07% Zinc (Zn).

PRC-27

• 30 feet (9.15 metres) at 139.92 g/t Ag, 0.68 g/t Au,8.57% Mn, 1.48% Pb, and 1.06% Zn; and

• 10 feet (3.05 metres) at 355.25 g/t Ag, 4.78 g/t Au, 2.69% Pb, and 4.72% Zn.

PRC-28

• 10 feet (3.05 metres) at 1,331.00 g/t Ag, 0.16 g/t Au,14.17% Mn, 2.19% Pb, and 4.45% Zn; and

• 5 feet (1.25 metres) at 101.00 g/t Ag, 23.9 g/t Au, and 1.00% Zn.

PRC-29

• 50 feet (15.24 metres) at 67.25 g/t Ag, 1.17 g/t Au, 2.46% Mn, 1.79% Pb and 0.84% Zn;

  • including 10 feet (3.05 metres) at 120.00 g/t Ag, 3.62 g/t Au, 1.55% Mn, and 2.42% Pb.

PRC-30

• 25 feet (7.62 metres) at 166.70 g/t Ag, 0.31 g/t Au,8.70% Mn, and 1.14% Zn;

  • including 15 feet (4.57 metres) at 248.17 g/t Ag, 0.52 g/t Au, 13.24% Mn, 0.96 % Pb and 1.55% Zn; and

• 35 feet (10.67 metres) at 36.79 g/t Ag, 5.67 g/t Au, and 1.44% Zn;

  • including 25 feet (7.62 metres) at 51.50 g/t Ag, 7.73 g/t Au, and 1.99% Zn.

* All drill holes reported in the press release were drilled at 90 degrees through gently dipping 10 to 20 degrees mineralized beds and the above reported intersections are not true width. True widths are estimated to be between 94% to 98.5% of intersected width (for dips of 20 and 10 degrees respectively).

The initial five drill holes are the first assay results received by the Company for its 2025 – 2026 exploration program planning up to 30 RC drill holes. Select results are highlighted above and significant mineral intercepts are presented in more detail in Table 1 below and the drill hole locations are presented in Figure 1 below.

To date, the company has completed 11 RC drill holes with the 12th drill hole initiated on January 9,2026. Samples from mineralized intercepts in drill holes PRC-31 to PRC-36 were delivered to the laboratory in mid-December and their assay results expected in early February 2026.

Figure 1: Drill Hole Locations

Historic and current drilling has encountered multiple gently dipping mineralized beds within a carbonate replacement deposit (‘CRD’) environment hosted by the Combined Minerals Bed and Pioche Shale rock formations. All mineralization encountered in the past and current drilling, is at depths shallower than 300 metres (1000 feet) and therefore, is potentially amenable to open pit mining, subject to further technical and economic evaluation.

Assay results from the first five drill holes, completed in late 2025, as outlined in the highlights above and Table 1 below, demonstrate strong mineralization with three strategic metals, silver, gold and manganese, along with associated base metals. The Company is highly encouraged by the continuity, thickness, and strength of sliver, gold and manganese mineralization encountered in these initial drill holes.

The Company has secured a second drill rig, which is expected to arrive on site mid-January, enabling increased drilling efficiency and an accelerated pace of exploration. The recently expanded drill program is designed to increase and upgrade historical mineralization and support an initial mineral resource estimate. The program is focused on near-surface mineralization and builds upon a substantial historical drill hole database.

Figure 2: Prince Project Location Map:

*Exploration Target

Historical drilling at the Prince Project identified an exploration target (the ‘Exploration Target‘) as outlined in an independent historic report prepared following JORC guidelines (JORC standards for the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves) by OmniGeoX Exploration Consultants of Perth, Australia, based on historical surface and underground drilling. The report is titled ‘Prince Project Exploration Target’, dated April 24, 2024, authored by Dr. Lachlan Rutherford and Michael Martin (OmniGeoX Exploration Consultants, 2024, Prince Project Exploration Target, Independent Report prepared for Prince Silver Corp.).

The Exploration Target was based on 129 historic drill holes drilled through mineralized carbonate replacement beds and host Pioche Shale up to 300 metres in depth. Mineralized polymetallic intersections based on historical block modelling suggest the immediate Exploration Target is between 25-43Mt with grades ranging from 1.44-1.57% Zn, 0.78-0.87% Pb, 0.28-0.40g/t Au, 37-40g/t Ag and 3.62-4.30% Mn.

More comprehensive details on the Exploration Target and historic production are also available in the Company’s press release dated February 27, 2025, available on the Company’s web site and at SEDAR+.

* Readers are cautioned that the Exploration Target is not an ‘inferred’, ‘indicated’ or ‘measured’ mineral resource compliant with National Instrument 43-101 (‘NI 43-101’). The Exploration Target has been determined based upon 129 historic drill holes totaling 16,606 metres, historic production records including mine level plans and 3D modelling of mineralization and geology. The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to define a mineral resource and, it is uncertain if further exploration will result in the Exploration Target being delineated as a mineral resource.

Table 1: Significant Assays Results for Drill Holes PRC 26 – 30

Continued on next page

Continued on next page

Hole intervals marked with ‘avg’ are the average grades of either one or two duplicated of the sample interval.

Quality Assurance / Quality Control

The company is following a robust Quality Assurance / Quality Control (QA/QC) program designed to meet or exceed CIM and AUSIMM standards. Duplicate samples are extensively used to provide verification both at the primary analytical laboratory and at a second independent laboratory as the program progresses. In addition, a certified field standard is inserted for each drill hole set, and sample blanks are randomly included, with no more than one per hole.

All samples are shipped to the laboratory under secure, standard chain-of-custody procedures. Samples are analyzed using 43-element MS-ICP with aqua regia digestion. Samples exceeding limits for Mn, Zn, or Pb are further tested using wet chemical assays. Most samples are also fire assayed for gold and silver using a one-assay-ton gravimetric method, and an average of four samples per hole will have specific gravity measurements conducted at the laboratory.

The principal analytical laboratory for the program is Skyline Assayers & Laboratories Inc., located in Tucson, Arizona, an ISO-accredited facility.

Qualified Person

Ralph Shearing, P.Geo. (Alberta), a Qualified Person under NI 43-101 and Director and President of the Company, has reviewed and approved the technical disclosure in this news release.

About Prince Silver Corp.

Prince Silver Corp. is a silver exploration company advancing its flagship Prince Silver Project in Nevada, USA, featuring a near-surface, historically drilled deposit that remains open in all directions. The Company also holds an interest in the Stampede Gap Project, a district-scale copper-gold-molybdenum porphyry system located 15 km north-northwest of the Prince Silver Project, highlighting Prince Silver’s focus on high-potential, strategically located exploration assets.

On Behalf of the Board of Directors

Derek Iwanaka, CEO & Director
Tel: 236-335-9383
Email: info@princesilvercorp.com
Website: www.princesilvercorp.com

Forward-Looking Information

Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as ‘may’, ‘expect’, ‘estimate’, ‘anticipate’, ‘intend’, ‘believe’ and ‘continue’ or the negative thereof or similar variations. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: completion of the Acquisition and related transactions, proposed drill programs, amendments to the Company’s website, property option payments and regulatory and corporate approvals. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, dependence on key personnel, completion of satisfactory due diligence in respect of the Acquisition and related transactions, and compliance with property option agreements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, failure to obtain regulatory or corporate approvals, exploration results, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE: Prince Silver Corp.

View the original press release on ACCESS Newswire

(TheNewswire)

‘2025 was a pivotal year for Pinnacle with the rapid progress towards production on the Potrero project,’ stated Robert Archer, Pinnacle’s President & CEO.  ‘After only 10 months on the project, we have established a substantial high-grade epithermal gold-silver system and are ready to initiate underground delineation drilling to be followed by surface drilling to fill in gaps and test new targets.  Metallurgical test work is continuing, and discussions are progressing for an offtake agreement to secure production financing.  Project evaluations are also ongoing, with the goal of making another acquisition this year.  We look forward to continued progress through 2026 and to keeping shareholders up to date on the company’s development.’

HIGHLIGHTS OF WORK COMPLETED IN 2025:

Geological Model

The El Potrero Project contains a low-sulphidation epithermal gold-silver system that has been traced for more than 1,600 metres along strike and 500 metres in width in the northern part of the property.  This type of deposit is common throughout the Sierra Madre of western Mexico and includes many significant mines.  The veins at El Potrero exhibit many of the same features that are characteristic of this type of deposit, yet the project has not been systematically explored and has always been privately owned.  

Pinnacle’s geological team has been conducting extensive and systematic surface and underground mapping and sampling comprising 1,196 samples in 2025.  This has included the definition of other veins such as El Capulin and La Estrella that not only expand the mineralizing system laterally but potentially have more vertical continuity.

Overall, this work has not only confirmed the geological model but is ongoing in developing a detailed understanding of grade distribution and exploration potential that is so important to future targeting for drilling and resource development.  Gold-silver mineralization of potentially economic grades in vein deposits typically occurs in pockets or zones, called ‘clavos’ in Mexico, and the detailed sampling has aided in defining these within the historic mine workings on the property.  Drilling will further define their size, shape, and overall grade.

High Gold and Silver Grades

One feature of low sulphidation epithermal deposits is that the grades can be locally very high.  El Potrero displays this characteristic with individual underground channel samples grading up to 85.1 g/t Au and 520 g/t Ag, while surface sampling returned similar gold values but higher silver grades up to 2,280 g/t Ag (see table below).  Diamond drilling, more sampling, and mineralogical work will be necessary to determine if this indicates a vertical zonation of silver or simply a surficial feature.

Select High-Grade Gold-Silver Results from 2025 Sampling at El Potrero

Metallurgical Testing

A key component of moving towards production is the determination of a deposit’s metallurgy.  As such, three samples were taken from underground at the historic Pinos Cuates mine, the central of the three main mines on the Dos de Mayo structure, and sent to SGS Durango for preliminary test work.  The samples were prepped and assayed then underwent grinding and gravity separation tests, and bottle roll leaching.  Given that these were preliminary tests, there was no optimization, yet the results from leach tests indicated gold recoveries ranging from 92.81% to 96.79% and averaging 95.09%.  Silver recoveries were lower and more variable, due to more complex mineralogy, and ranged from 41.41% to 73.53%, averaging 54.68%.  Mineralogical studies and further optimization will be required to obtain consistently higher silver recoveries.

While the results of gravity separation tests were variable, they did indicate that this method would be useful in extracting some of the gold prior to leaching.  Further studies will be conducted on this.

Processing Plant

The processing plant on site was built in the late 1980’s but only operated for a few months, apparently for reasons other than operational ones, and has been idle ever since.  It is estimated to be capable of processing about 100 tonnes per day utilising crushing, milling, vat leach and Merrill Crowe circuits, but will need new equipment.  Pinnacle has cleaned up the plant site and surrounding infrastructure and conducted a preliminary assessment of the cost to rebuild the plant and install a dry-stack tailings facility.  These estimates will be updated based upon the ongoing metallurgical testing and announced in due course.

Strengthening In-Country Management

The success of any company and project ultimately comes down to the people and, to that end, Pinnacle hired Carlos Castro Villalobos as Project Manager and Jorge Ortega, P.Geo. as Project Manager and Exploration Manager, respectively.  Ing. Castro is a highly experienced Mining Engineer, having built and operated mines for several companies throughout Mexico, including seven years as General Manager of the Guanajuato Mine for Great Panther Silver.  Mr. Ortega is currently the Qualified Person (QP) for the project but was also previously Exploration Manager for Great Panther and VP Exploration for Excellon Resources.

The extensive experience of these two gentlemen, in addition to the geological team on site, will guide the technical success of the project.  In addition, the fact that Pinnacle has a 100% Mexican team in-country goes a long way to ensuring strong relationships with local communities and government officials that are so important in obtaining and maintaining a social license.

Community Relations

Although the historic mines and the plant sit on private property, portions of the project are on ejido land.  While Pinnacle has not yet conducted any work on those surrounding areas, preliminary discussions have been held with local communities in order to ensure strong positive relationships and formalize long-term access agreements.  As the geological team is already living in a local small community and the company employs local workers, the communities are very supportive.  One of those communities is Topia, a mining town and staging ground for Pinnacle.  Not only is that community very supportive of mining but it is an excellent source of supplies, equipment, contractors and skilled labour.

Permitting

The permitting environment in Mexico has improved significantly in the last year.  Other mining companies with advanced stage projects are now getting permitted and government departments are clearing the backlog of applications.  To this end, Pinnacle has already conducted meetings with SEMARNAT, the federal environmental ministry, CONAGUA, the federal water agency, and CFE, the federal electrical commission, and preliminary submissions have been made towards obtaining various permits that will be required as the project progresses. To date, we continue to have a constructive dialogue towards positive permitting decisions as this is a complex and iterative process.

LiDAR Survey

Pinnacle recently conducted an airborne LiDAR survey across the entire 11 km2 property, from which 64 adits, 6 shafts and 51 prospecting pits were interpreted by a leading consultant in this field.  While many of these lie along the Dos de Mayo vein structure in the northern 10% of the property, confirming the trend, most of the remainder lie on the other 90% that has yet to be explored.  This underscores the prospectivity of the project and has highlighted a number of areas that we will explore this year to determine whether they have the potential for an incremental addition to vein-type mineralization or if they represent a new style of mineralization altogether.

UPCOMING WORK AND CATALYSTS FOR 2026

Despite having had the property for less than a year, we have sufficient information from the detailed and systematic sampling of the historic mines to launch an underground definition drilling program on known zones of gold-silver mineralization.  Contractors were on site last week to assess the conditions of the mine workings in order to prepare proposals for the work.  Priority is being given to delineation drilling of mineralized zones on the Dos de Mayo vein structure that will lead to a preliminary mine plan.

It is anticipated that the preparatory work necessary to enlarge the drill stations will begin in early February with drilling to follow once the sites are prepared and secured from a safety perspective.  The first phase of this work will comprise approximately 1,100 meters in about 50 holes, with each hole being in the range of 20-25 metres in length.  Beyond that, step-out holes will be prioritized based upon their potential to add resources that could be quickly developed in a production scenario.

Surface drilling will be initiated as soon as permits are in place.  Holes will be drilled to fill in gaps in the Dos de Mayo vein that cannot be reached from underground, to step out along strike on the Dos de Mayo vein, and to test the Capulin and Estrella veins.  Surface mapping, sampling and prospecting will be continued within this area and a new crew is being hired to follow up on the numerous targets interpreted from the LiDAR survey.

Seven more samples have been taken for continued metallurgical testing.  Based upon the first round of testing, mineralogical tests will be conducted to determine the silver minerals in particular, the tails from gravity separation will be leached this time, with gold recoveries from the two processes added together, and various other aspects of the process will be optimized with the aim of improving recoveries, even though gold recoveries are already anticipated to be in the 95% range.

Discussions with, and submissions to SEMARNAT, CONAGUA and CFE are continuing with the aim of first obtaining a permit for surface drilling, to be followed by additional permits as required for underground development and plant reconstruction.

Discussions are also being held with local communities to obtain formal long-term access agreements for portions of the property that have not yet been explored.

QA/QC

The technical results contained in this news release have been reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (‘NI 43-101’).  Pinnacle has implemented industry standard practices for sample preparation, security and analysis given the stage of the Project.  This has included common industry QA/QC procedures to monitor the quality of the assay database, including inserting certified reference material samples and blank samples into sample batches on a predetermined frequency basis.

Systematic chip channel sampling was completed across exposed mineralized structures using a hammer and maul.  The protocol for sample lengths established that they were not longer than two metres or shorter than 0.3 metres.  The veins tend to be steeply dipping to vertical, and so these samples are reasonably close to representing the true widths of the structures.  Samples were collected along the structural strike or oblique to the main structural trend.  Grab samples, by their nature, are only considered as indicative of local mineralization and should not be considered as representative.

All samples were bagged in pre-numbered plastic bags; each bag had a numbered tag inside and were tied off with adhesive tape and then bulk bagged in rice bags in batches not to exceed 40 kg.  They were then numbered, and batch bags were tied off with plastic ties and delivered directly to the SGS laboratory facility in Durango, Mexico for preparation and analysis.  The lab is accredited to ISO/IEC 17025:2017.  All Samples were delivered in person by the contract geologist who conducted the sampling under the supervision of the QP.

SGS sample preparation code G_PRP89 including weight determination, crushing, drying, splitting, and pulverizing was used following industry best practices where all samples were crushed to 75% less than 2 mm, riffle split off 250 g, pulverized split to >85% passing 75 microns (μm).  All samples were analyzed for gold using code GA_FAA30V5 with a Fire Assay determination on 30g samples with an Atomic Absorption Spectography finish.  An ICP-OES analysis package (Inductively Coupled Plasma – Optical Emission Spectrometry) including 33 elements and 4-acid digestion was performed (code GE_ICP40Q12) to determine Ag, Zn, Pb, Cu and other elements.

Qualified Person

Mr. Jorge Ortega, P. Geo, a Qualified Person as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed, verified and approved for disclosure the technical information contained in this news release.

About the Potrero Property

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).

High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length.  The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.

A previously operational 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres.  

Pinnacle will earn an initial 50% interest immediately upon commencing production.  The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR.  If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on the development of precious metals projects in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production. In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon.  With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long-term, sustainable value for shareholders.

Signed: ‘Robert A. Archer’

President & CEO

For further information contact:

Email:        info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2026 TheNewswire – All rights reserved.

Final Cut Pro, Logic Pro, Pixelmator Pro, Motion, Compressor, and MainStage — plus new AI features and premium content in Keynote, Pages, and Numbers — come together in a single subscription

Apple® today unveiled Apple Creator Studio, a groundbreaking collection of powerful creative apps designed to put studio-grade power into the hands of everyone, building on the essential role Mac®, iPad®, and iPhone® play in the lives of millions of creators around the world. The apps included with Apple Creator Studio for video editing, music making, creative imaging, and visual productivity give modern creators the features and capabilities they need to experience the joy of editing and tailoring their content while realizing their artistic vision. Exciting new intelligent features and premium content build on familiar experiences of Final Cut Pro®, Logic Pro®, Pixelmator Pro, Keynote®, Pages®, Numbers®, and later Freeform® to make Apple Creator Studio an exciting subscription suite to empower creators of all disciplines while protecting their privacy.

Final Cut Pro introduces exceptional new video editing tools and intelligent features for Mac and iPad to improve the efficiency of even the most complex workflows. ¹ For the first time, Pixelmator Pro is coming to iPad with a uniquely crafted experience that is optimized for touch and Apple Pencil®. ² Music creation with Logic Pro for Mac and iPad introduces even more intelligent features like Synth Player and Chord ID to inspire anyone to write, produce, and mix a range of popular music. ³ And with Keynote, Pages, Numbers, and Freeform, Apple Creator Studio subscribers can be more expressive and productive with new premium content and intelligent features across Mac, iPad, and iPhone. ⁴

Apple Creator Studio will be available on the App Store® beginning Wednesday, January 28, for $12.99 per month or $129 per year, with a one-month free trial, and includes access to Final Cut Pro, Logic Pro, and Pixelmator Pro on Mac and iPad; Motion®, Compressor, and MainStage® on Mac; and intelligent features and premium content for Keynote, Pages, Numbers, and later Freeform for iPhone, iPad, and Mac. College students and educators can subscribe for $2.99 per month or $29.99 per year. Alternatively, users can also choose to purchase the Mac versions of Final Cut Pro, Pixelmator Pro, Logic Pro, Motion, Compressor, and MainStage individually as a one-time purchase on the Mac App Store. ⁵

‘Apple Creator Studio is a great value that enables creators of all types to pursue their craft and grow their skills by providing easy access to the most powerful and intuitive tools for video editing, music making, creative imaging, and visual productivity — all leveled up with advanced intelligent tools to augment and accelerate workflows,’ said Eddy Cue, Apple’s senior vice president of Internet Software and Services. ‘There’s never been a more flexible and accessible way to get started with such a powerful collection of creative apps for professionals, emerging artists, entrepreneurs, students, and educators to do their best work and explore their creative interests from start to finish.’

Video Creation Gets Smarter and Faster

Final Cut Pro for Mac and iPad empowers content creators, video editors, and filmmakers to elevate their projects with intuitive features. One-time-purchase Mac users and Apple Creator Studio subscribers can experience blazing-fast performance with Apple silicon for the most demanding workflows, and get into the creative flow faster than ever with new on-device intelligent features that make video creation effortless and easy.

With Transcript Search on Mac and iPad, users can now easily find the perfect soundbite in hours of footage by simply typing phrases into the search bar to see exact or related results. ⁶ Video podcasts and interviews can be assembled quickly, eliminating extensive time spent skimming through footage. Looking for a specific video clip also gets an intelligence assist with Visual Search. ⁷ Now, users can quickly pinpoint exact moments across all footage by searching for an object or action, and then add that visual to their timeline in seconds.

Final Cut Pro for Mac and iPad also makes editing video to the rhythm of music fast and fun with Beat Detection, an amazing new way to see musical beats, bars, and song parts right in the project timeline. Beat Detection uses an AI model from Logic Pro to instantly analyze any music track and display the Beat Grid, so users creating fast-paced videos can quickly and visually align their cuts to the music. Re-editing music tracks to different lengths is also easier than ever.

The new Montage Maker in Final Cut Pro for iPad lets users kick-start their edit in just seconds. Using the power of AI, Montage Maker will analyze and edit together a dynamic video based on the best visual moments within the footage, with the ability to change the pacing, cut to a music track, and intelligently reframe horizontal videos to vertical with Auto Crop to simplify sharing across social platforms.

Apple Creator Studio also unlocks full access to Motion, a powerful motion graphics tool for creating cinematic 2D and 3D effects with intelligent features like Magnetic Mask, which effortlessly isolates and tracks people and objects without a green screen. It also includes Compressor, which integrates with Final Cut Pro and Motion to seamlessly customize output settings for distribution.

Taking Music Creation to the Next Level

A new lineup of features for Logic Pro for Mac and iPad supports musical artists and helps creators deliver original music for their video content as an Apple Creator Studio subscriber or one-time-purchase Mac user. The new tools are sophisticated, intuitive, and intelligent to inspire beat making, songwriting, remixing, and more.

Synth Player joins the AI Session Player lineup, ⁸ delivering incredible electronic music performances with a diverse range of chordal and synth bass parts — all powered by AI and the advanced software instrument technology of Logic Pro. Using Synth Player is like having access to a skilled synthesist that can instantly take a musical idea in new directions when needed. Developed in-house using Apple’s own team of expert sound designers, Synth Player delivers incredible realism and fidelity fueled by the vast array of software synthesizers and samplers in Logic Pro. And like every AI Session Player, creators can direct Synth Player using intuitive controls for complexity and intensity, while additional parameters unlock access to advanced performance capabilities. Synth Player can also access any third-party plug-in Audio Units, or even control an external hardware synthesizer.

Tapping into the power of AI, Chord ID becomes a personal music theory expert by turning any audio or MIDI recording into a ready-to-use chord progression, eliminating tedious manual transcription and bringing demo ideas to life even faster. Designed to help everyone get the most out of the Session Player experience, Chord ID can analyze complex harmonic content from nearly any recording to automatically populate the chord track in Logic Pro. And since the chord track drives the performances of any AI Session Player, users can quickly audition different players, styles, and genres, allowing them creative freedom to experiment and dial in their favorite vibe.

The new Sound Library in Logic Pro for Mac delivers Apple-designed packs and Producer Packs with hundreds of royalty-free loops, samples, instrument patches, drum sounds, and more. Additionally, Logic Pro for iPad users will now have access to the industry-leading Quick Swipe Comping feature from Logic Pro for Mac, an indispensable tool for vocalists and producers who want to create seamless performances inside or outside the studio.

Logic Pro for iPad also presents Music Understanding features with natural language search in the Sound Browser to help users describe a loop or find similar loops — no tags, guesses, or filters required. AI-based awareness of the massive collection of loops in Logic Pro makes it easy to search either through natural language or a recording to find a similar or complementary loop or sound.

Apple Creator Studio also unlocks access to MainStage, which turns Mac into an instrument, voice processor, or guitar rig. Now, the sound users love in their recording can be the sound their audience hears. Setup is fast, teardown is faster, and everything in between is more reliable.

Creative Imaging Designed for iPad

Pixelmator Pro, the award-winning image editor for Mac, comes with the all-new Apple Creator Studio, bringing an approachable and professional editing experience to even more creators. Pixelmator Pro is packed with powerful image editing tools, empowering Apple Creator Studio subscribers and one-time-purchase Mac users to design, draw, paint, and refine their creative vision, and so much more. For the first time, Pixelmator Pro is coming to iPad, bringing an all-new touch-optimized workspace, full Apple Pencil support, the ability to work between iPad and Mac, and all of the powerful editing tools users have come to appreciate on Mac. Pixelmator Pro for iPad offers fast and efficient image editing, leveraging the blazing performance of Apple silicon and built from scratch for the latest iPadOS®.

Intuitive touch controls make it even easier to create desktop-class designs wherever users take their iPad. The full-featured Layers sidebar allows creators to build designs using a range of unique elements like images, shapes, text, and even video. Smart selection tools help users isolate and edit specific parts of images effortlessly, and with advanced bitmap and vector masks, users can hide or reveal discrete portions of their designs. The deep integration of hardware, software, and Apple silicon unlocks features like Super Resolution for intelligently upscaling photos, Deband for removing compression artifacts, and automatic composition suggestions with Auto Crop. With full support for Apple Pencil, digital artists can enjoy painting in the most natural way with a beautiful collection of pressure-sensitive brushes. And unmatched Apple Pencil precision — combined with features like hover, ⁹ squeeze, ¹⁰ and double-tap ¹¹ — gives creators the ability to craft pixel-perfect designs.

Additionally, for Apple Creator Studio subscribers, both Pixelmator Pro for Mac and iPad bring a powerful new Warp tool for twisting and shaping layers any way creatives can imagine, alongside a beautiful collection of Warp-powered product mockups.

Supercharging Visual Productivity

For more than 20 years, Apple’s visual productivity apps have empowered users to express themselves with beautiful presentations, documents, and spreadsheets using Keynote, Pages, and Numbers. And Freeform has brought endless possibilities for creative brainstorming and visual collaboration.

With Apple Creator Studio, productivity gets supercharged with all-new features that bring more intelligence and premium content to creators’ fingertips so they can take their projects to the next level. The Content Hub is a new space where users can find curated, high-quality photos, graphics, and illustrations. A subscription also unlocks new premium templates and themes in Keynote, Pages, and Numbers.

In addition to Image Playground, advanced image creation and editing tools let users create high-quality images from text, or transform existing images, using generative models from OpenAI. ¹² On-device AI models enable Super Resolution to upscale images while keeping them sharp and detailed, and Auto Crop provides intelligent crop suggestions, helping users find eye-catching compositions for photos.

To help users prepare presentations even more quickly in Keynote, Apple Creator Studio includes access to features in beta, such as the ability to generate a first draft of a presentation from a text outline, or create presenter notes from existing slides. Subscribers can also quickly clean up slides to fix layout and object placement. And in Numbers, subscribers can generate formulas and fill in tables based on pattern recognition with Magic Fill.

Keynote, Pages, Numbers, and Freeform will remain free for all users to create, edit, and collaborate with others, including Apple Creator Studio subscribers. These apps will continue receiving updates, with the latest versions adopting the beautiful new visual design language with Liquid Glass on all platforms, and supporting the new windowing and menu bar improvements in iPadOS 26.

Pricing and Availability

• Education savings are available for college students and educators ¹⁵ for $2.99 (U.S.) per month or $29.99 (U.S.) per year.
• One-time-purchase versions of Final Cut Pro ($299.99 U.S.), Logic Pro ($199.99 U.S.), Pixelmator Pro ($49.99 U.S.), Motion ($49.99 U.S.), Compressor ($49.99 U.S.), and MainStage ($29.99 U.S.) are available on the Mac App Store.
• Free versions of Keynote, Pages, Numbers, and Freeform continue to be available and are included with every new iPhone, Mac, and iPad.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

Footnotes

1. New subscribers only. Education Savings Plan automatically renews at $2.99 per month or $29.99 per year based on plan selected until cancelled. Offer good for college students and educators only and does not extend to a Family Sharing group. Verification required. Terms apply. Limited-time offer; offer may end at any time.

NOTE TO EDITORS: For additional information visit Apple Newsroom ( www.apple.com/newsroom ), or email Apple’s Media Helpline at media.help@apple.com .

© 2026 Apple Inc. All rights reserved. Apple, the Apple logo, App Store, Apple Intelligence, Apple Pencil, Apple Pencil Pro, Final Cut Pro, Freeform, Image Playground, iPad, iPad Air, iPad mini, iPadOS, iPad Pro, iPhone, Keynote, Logic Pro, Mac, macOS, MainStage, Motion, Numbers, and Pages are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260113468282/en/

Press Contacts:

NAME: Renee Felton
Apple
rfelton@apple.com

Bold Ventures Inc. (TSXV: BOL) (the ‘Company’ or ‘Bold’) is pleased to announce that it has commenced a diamond drilling program on its Burchell Base and Precious Metals Project (‘Burchell’, the ‘Project’ or the ‘Property’), located approximately 100 km west of Thunder Bay, Ontario.

The program is expected to exceed 1000 meters of drilling, which will firstly test the 111 Zone and other nearby targets which were the focus of a mechanical stripping program last fall. A 14-meter wide discontinuous anomalous gold zone was identified at the 111 Zone adjacent to a 15-meter wide discontinuous anomalous zinc-copper zone (see Bold news release dated December 2, 2025). One grab sample at the 111 Zone previously returned 68 g/t Au (see Bold news release dated January 9, 2025). Drilling is also planned to test the northwest corner of the Property where the Moss Trend is interpreted to pass through and where 2024-2025 soil sampling yielded significant Au, Mo and Cu anomalies (see Bold news release dated July 21, 2025); as well as the Hermia Cu-Au Prospect in the western part of the Property where historical drilling intersected broad anomalous copper zones (see Burchell Gold Review on Bold website and Bold December 2025 Corporate Presentation for more information).

Drilling is being carried out by Rugged Aviation Inc. based in Murillo, Ontario.

Bruce MacLachlan, President and COO of Bold, stated: ‘We are beyond excited to get started on Bold’s maiden drill program on the Burchell Property, which will test major under-explored gold and base metal trends on which many targets, to the best of our knowledge, have never been drilled.’

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website here.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

Neither 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 Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280012

TORONTO, ON / ACCESS Newswire / January 12, 2026 / NextSource Materials Inc. (TSX:NEXT,OTC:NSRCF)(OTCQB:NSRCF) (‘NextSource’ or the ‘Company’) is pleased to announce that it has finalized multiple term sheets with strategic investors to fund Phase 1 of the Company’s proposed Battery Anode Facility (‘BAF’) in the Industrial City of Abu Dhabi in the UAE. These term sheets indicate substantial progress in the Company’s strategic financing process and further reinforces the Company’s path towards the final investment decision (‘FID’).

The Company has finalized term sheets with several strategic investors, including local sovereign‑linked entities and a Japanese strategic consortium including a diversified industrial trading group with deep experience across the global battery materials and infrastructure sectors. This follows the successful conclusion of the first stage of due diligence and the investor site visit held on November 25, 2025 to the industrial building and site secured for the location of the Company’s proposed BAF in the Industrial City of Abu Dhabi.

The term sheets propose an equity investment at the project level in the BAF project under which new strategic partners would potentially acquire an interest of up to 50% in the UAE BAF and subsequently fund their pro rata share of Phase 1 capital costs. This approach aligns with NextSource’s objective to minimize dilution of the Company while potentially partnering with investors that bring strategic and regional value to the BAF project and across the battery supply chain.

The term sheets executed are non-binding and subject to customary conditions. The Company is now advancing next steps with these parties, alongside ongoing technical, commercial, and legal due diligence, with a view toward potentially finalizing a preferred funding structure and executing definitive agreements in the coming months.

Hanré Rossouw, President and CEO of NextSource, commented:

‘The level and quality of funding interest we are seeing at the project level is a strong validation of our UAE BAF strategy. These strategic investors recognize the importance of establishing secure, scalable, and geopolitically aligned anode supply chains outside of China. This process marks a significant first step toward funding our first commercial-scale BAF’.

The Company is currently advancing parallel workstreams to reach FID by the end of Q1 2026, supported by strong progress in the front-end engineering and design with its engineering partner firm, Stantec. Following a prospective successful FID and funding, the Company will proceed with full equipment procurement, installation, commissioning, and ramp‑up in accordance with its phased development plan.

About NextSource Materials Inc.

NextSource Materials Inc. is a battery materials company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.

The Company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production through Phase 1 mine operations.

The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities (BAF) capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner. The Company is now in the process of developing its first BAF in the UAE.

NextSource Materials is listed on the Toronto Stock Exchange under the symbol ‘NEXT’ and on the OTCQB under the symbol ‘NSRCF’.

For further information about NextSource Materials, please visit our website at www.nextsourcematerials.com or contact us at +1.416.364.4911 or email Brent Nykoliation, Executive Vice President at brent@nextsourcematerials.com.

Safe Harbour: This press release contains statements that may constitute ‘forward-looking information’ or ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward looking statements and information are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘potential’, ‘possible’ and other similar words, or statements that certain events or conditions ‘may’, ‘will’, ‘could’, ‘expected’ or ‘should’ occur. Forward-looking statements include any statements regarding, among others, that the non-binding term sheets will progress to definitive agreements and the timing thereof, timing of construction, development and completion of the BAF, timing and completion of front-end engineering and design, timing of FID, the phased development plan of the BAF as well as the Company’s intent on becoming a fully integrated global supplier of critical battery and technology materials. These statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release. These risks include that the non-binding term sheets will not progress to definitive agreements, the parties to the non-binding term sheet will not be satisfied with their due diligence review, risks related to the construction and development of the BAF, the risk that a positive FID decision may never be reached as well as other risk factors set forth in the Company’s latest Annual Information Form (which includes the disclosed risk related specifically to the development commissioning and operation of the BAF) There is no assurance that the definitive agreements will be completed with the above noted timeframe or at all. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

SOURCE: NextSource Materials Inc.

View the original press release on ACCESS Newswire

(TheNewswire)

Brossard, Quebec TheNewswire – January 12, 2026 Charbone CORPORATION (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (‘Charbone’ or the ‘Company’), a North American producer and distributor specializing in clean Ultra High Purity (‘UHP’) hydrogen and strategic industrial gases, is pleased to announce the closing of a non-brokered private placement (the ‘Equity Offering’) for gross proceeds of $3.1 million.

‘We are excited to start the year 2026 with a strong improvement to our balance sheet and support shown by long term investors in this private placement,’ said Benoit Veilleux, CFO and Corporate Secretary of Charbone. ‘The completion of this financing provides Charbone with the resources for the Phase 1B at Sorel-Tracy site, increasing our clean UHP hydrogen production capacity by 4.5 times reaching almost 1 tonne per day.’

Private Placement Details

Charbone is issuing 23,614,286 Units, with each Unit priced at $0.13125 and consisting of one common share and one common share purchase warrant.

• The proceeds from the Equity Offering will be primarily allocated to the Company’s purchase and installation of the Phase 1B hydrogen equipment at the Sorel-Tracy site, and general working capital requirements. 

• At the Closing Date, the Company paid a finder’s fee of $247,950. It also issued 1,889,143 finder’s warrants to registered dealers related to the sale of specific Units to qualified subscribers introduced by such dealers. The Units were distributed pursuant to a decision under Section 12 of the Securities Act (Quebec) to qualified subscribers outside of the Province of Quebec mainly to one institutional investor located in Germany.  

• The closing of the Equity Offering remains subject to the approval of the TSX Venture Exchange and other customary closing conditions 

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 securities in any jurisdiction where such offer, solicitation, or sale would be unlawful, including in the United States. 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 applicable state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and relevant state laws, or if an exemption from registration is available.

About Charbone CORPORATION

Charbone is a developer and producer of clean Ultra High Purity (UHP) hydrogen with a growing industrial gas distribution platform. Through a modular approach, Charbone is focused on developing a network of clean hydrogen production facilities throughout North America and select markets abroad, starting with its flagship Sorel-Tracy project in Quebec. The Company’s integrated model reduces risk, enhances scalability, and enables diversified revenue streams through partnerships in helium and other specialty gases. Charbone is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gas solutions while supporting underserved industrial gas customers and accelerating the shift to localized clean energy. Charbone is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). Visit www.Charbone.com.

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Management’s Discussion & Analysis for the period ended September 30, 2025, which is available on SEDAR+ at www.sedarplus.ca; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2026 TheNewswire – All rights reserved.

(TheNewswire)

Brossard, Québec TheNewswire – le 12 janvier 2026 CORPORATION Charbone (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (« Charbone » ou la « Société »), un producteur et distributeur nord-américain spécialisé dans l’hydrogène propre Ultra Haute Pureté (« UHP ») et les gaz industriels stratégiques, est heureuse d’annoncer la clôture d’un placement privé sans intermédiaire (le « placement d’actions ») pour un produit brut de 3,1 millions de dollars.

« Nous sommes ravis de commencer l’année 2026 avec une nette amélioration de notre bilan et le soutien manifesté par les investisseurs à long terme dans le cadre de ce placement privé, » dit Benoit Veilleux, Chef de la direction financière et secrétaire corporatif de Charbone. « La finalisation de ce financement permet à Charbone de disposer des ressources nécessaires pour la phase 1B du site de Sorel-Tracy, augmentant ainsi sa capacité de production d’hydrogène UHP propre de 4,5 fois, pour atteindre près d’une tonne par jour.»

Détails du placement privé

Charbone émet 23 614 286 unités, chaque unité étant au prix de 0,13125 $ et composée d’une action ordinaire et d’un bon de souscription d’action ordinaire.

• Le produit de l’émission d’actions sera principalement affecté à l’achat et installation par la Société des équipements d’hydrogène de la phase 1B sur le site de Sorel-Tracy et aux besoins généraux en fonds de roulement. 

• À la date de clôture, la Société a payé une commission d’intermédiaire de 247 950 $. Elle a aussi émis 1 889 143 bons de souscription à des intermédiaires inscrits dans le cadre de la vente de certaines unités à des souscripteurs qualifiés qu’ils ont présentés à la Société. Les parts ont été distribuées conformément à une décision prise en vertu de l’article 12 de la Loi sur les valeurs mobilières (Québec) à des souscripteurs qualifiés à l’extérieur de la province de Québec principalement à un seul investisseur institutionnel situé en Allemagne. 

• La clôture de l’offre d’actions demeure soumise à l’approbation de la Bourse de croissance TSX et à d’autres conditions de clôture habituelles 

Ce communiqué de presse ne constitue pas une offre de vente ni une sollicitation d’une offre d’achat, et aucune valeur mobilière ne peut être vendue dans une juridiction dans laquelle une telle offre, sollicitation ou vente serait illégale, y compris l’intégralité des valeurs mobilières aux États-Unis d’Amérique. Les valeurs mobilières n’ont pas été et ne seront pas enregistrées en vertu du United States Securities Act de 1933, tel que modifié (la « Loi de 1933 »), ou de toute autre loi sur les valeurs mobilières, et ne peuvent être offertes ou vendues aux États Unis ou à des, ou pour le compte ou au profit de, ‘U.S. Persons’ (telles que définies dans la « Regulation S » de la Loi de 1933), à moins qu’elles ne soient enregistrées en vertu de la Loi de 1933 et des lois applicables sur les valeurs mobilières, ou qu’une dispense de telles exigences d’enregistrement ne soit disponible. Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.

À propos de CORPORATION Charbone

Charbone est un développeur et producteur d’hydrogène propre Ultra Haute Pureté (UHP) doté d’une plateforme de distribution de gaz industriels en pleine expansion. Grâce à une approche modulaire, Charbone se concentre sur le développement d’un réseau d’usines de production d’hydrogène propre en Amérique du Nord et sur certains marchés à l’étranger, en commençant par son projet phare de Sorel-Tracy au Québec. Le modèle intégré de l’entreprise réduit les risques, améliore l’évolutivité et permet de diversifier ses sources de revenus grâce à des partenariats dans le domaine de l’hélium et d’autres gaz de spécialités. Charbone s’engage à soutenir la transition mondiale vers une économie bas carbone en fournissant des solutions d’hydrogène propre et de gaz de spécialités accessibles et décentralisées, tout en soutenant les clients industriels mal desservis en gaz et en accélérant la transition vers une énergie propre locale. Charbone est coté sur la bourse de croissance TSX (TSXV: CH,OTC:CHHYF); sur les marchés OTC (OTCQB: CHHYF); et à la Bourse de Francfort (FSE: K47). Pour plus d’informations, veuillez visiter www.Charbone.com.

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans le rapport de gestion de la Société pour la période terminée le 30 septembre 2025, qui peut être consultée sur SEDAR+ à l’adresse www.sedarplus.ca; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

Pour contacter Corporation Charbone :

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