Apollo Silver Corp. (‘Apollo Silver’ or the ‘Company’) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that it has closed the second and final tranche of its previously announced upsized non-brokered private placement (the ‘Offering’), previously announced on January 21, 2026. Pursuant to the closing of the second and final tranche of the Offering, the Company issued an aggregate of 2,500,000 units (the ‘Units’) at a price of $5.00 per Unit for aggregate gross proceeds of $12,500,000. With the completion of this tranche, the Offering is now fully subscribed for total gross proceeds of $27,500,000.

A fund managed by Jupiter Asset Management (the ‘Jupiter Fund’) subscribed for all of the Units under the second and final tranche of the Offering.

As a result of closing the second and final tranche of the Offering, the Jupiter Fund now beneficially owns and controls 7,452,456 common shares and 3,807,200 common share purchase warrants of the Company, representing approximately 11.9% of the Company’s outstanding common shares on a non-diluted basis and approximately 16.9% on a partially diluted basis, assuming exercise of such warrants.

‘We welcome and appreciate the continued participation of Jupiter Fund, as a key shareholder of Apollo Silver,’ said Ross McElroy, President and CEO of Apollo Silver. ‘Jupiter Fund’s commitment is a strong statement of support as we continue to advance our large scale, high quality silver assets in stable jurisdictions.’  

Each Unit issued pursuant to the Offering consists of one common share (a ‘Share’) in the capital of the Company and one common Share purchase warrant (a ‘Warrant’). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $7.00 for a period of 24 months from the closing date of the Offering.

Closing of the Offering remains subject to final acceptance of the TSX Venture Exchange.

In connection with subscriptions received in the second and final tranche of the Offering, the Company paid aggregate finder’s fees totaling $312,500 to BMO Capital Markets.

The securities issued under the second and final tranche of the Offering are subject to a four-month hold period from the date of closing. The Company intends to use the net proceeds from the Offering to continue advancing the Calico Silver Project in San Bernardino, California; support community relations initiatives at the Cinco de Mayo Silver Project in Chihuahua, Mexico; cover ongoing property maintenance costs at both projects; and for general corporate purposes.

The Shares 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 U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Apollo Silver Corp.

Apollo Silver is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite and zinc credits – recognized as critical minerals essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo Silver is well positioned to advance the assets and deliver value through exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com

Telephone: +1 (604) 428-6128

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

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the final acceptance of the Offering by the TSXV, and the intended use of proceeds from the Offering. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Highlights from this release include:

• Drilling has significantly expanded the known mineralized footprint of magmatic sulphide mineralization associated with the basal portions of the Saturday Night intrusion.
• The newly identified PGE-Ni-Cu mineralized envelope, measuring approximately 800m by 200m, remains open in all directions.
• SN-25-03-X (extension) intersected 14.44m of 0.61 g/t 3E PGE (3E PGE = Pt + Pd + Au) & 0.13% Cu, including 4.64m of 1.24 g/t 3E PGE & 0.21% Cu, and including 0.60m of 2.45 g/t 3E PGE & 0.30% Cu.
• SN-25-04 intersected 10.33m of 0.38 g/t 3E PGE & 0.17% Cu, including 6.39m of 0.45 g/t 3E PGE & 0.18% Cu, and including 0.62m of 0.99 g/t 3E PGE & 0.34% Cu.
• SN-25-05 intersected 10.75m of 0.76 g/t 3E PGE & 0.18% Cu, including 5.05m of 1.40 g/t 3E PGE & 0.31% Cu, and including 1.03m of 1.98 g/t 3E PGE & 0.29% Cu.

Transition Metals Corp. (TSXV: XTM,OTC:TNTMF) (‘Transition’, ‘the Company’), is pleased to disclose assay results from drilling completed in December 2025 at its 100%-owned Saturday Night PGE Project, located approximately 30 kilometres north of Thunder Bay, Ontario (see news release dated November 10, 2025). The program saw the extension of hole SN-25-03-X beyond the basal contact, plus the addition of two new holes (SN-25-04 and SN-25-05), totaling a combined 1,463 metres. All holes intersected broad intervals of PGE-Ni-Cu mineralization occurring along the basal contact of the Saturday Night layered intrusion.

Commenting on the results, CEO Scott McLean stated, ‘We are very encouraged by the thick sequences of differentiated Mid-Continental Rift (MCR) intrusion we have drilled at Saturday Night, with the growing footprint of the mineralizing system we are defining. We see similarities to the proximal phases to the higher-grade sequences we previously encountered at our nearby Sunday Lake discovery, where historic drilling in 2019 returned values including 41.20m of 5.51 g/t 3E PGE and 0.57% Cu, including a higher-grade interval of 8.30m of 13.06 g/t 3E PGE and 1.23% Cu in hole SL-19-26. These results reinforce our interpretation that Saturday Night represents a large, fertile magmatic system and further supports its potential to host higher-grade mineralization similar to that identified at Sunday Lake.’

Discussion of Drill Results

Drilling to date has significantly expanded the known footprint of mineralization associated with a large, layered MCR intrusive, hosting PGE-Cu-Ni mineralization along basal contacts. Select highlight assay intervals from recent drilling are contained in Table 1, with Table 2 containing drill collar information. A Property location map in Figures 1 and a North-South drill hole section depicted in Figure 2.

Drill hole SN-25-03 was designed in an earlier exploration program in 2025 as a larger down-dip step-out, however was terminated at a depth of 830-metres, before being able to reach the ultramafic series and basal contact, where mineralization was anticipated (see news release dated March 26, 2025). This hole, after extension to a depth of 942 metres (drill hole extension; SN-25-03-X), and intersected a broad PGE mineralized sequence occurring along the basal contact.

Table 1: Highlight results from hole SN-25-03-X, SN-25-04, and SN-25-05.

*Note: 3E PGE = (Pt + Pd + Au), Copper equivalent (CuEq) values are based on assumed SPOT metal prices as of Jan 19th, 2026, using US$5.9088/lb Cu, US$8.2282/lb Ni, US$4,678.29/oz Au, US$2,380.50/oz Pt and US$1,886.50/oz Pd. No current or historical metallurgical work, nor economic analysis, has been completed, and therefore recoveries are assumed to be 100%, with 100% payable metals. The use of CuEq values are conceptual in nature, and are intended for exploration comparison purposes only, and do not represent an economic analysis. Lengths reported represent core length, insufficient work has been completed to determine true widths.

The two additional in-fill drill holes, SN-25-04 and SN-25-05, were designed to test mineralization continuity along the basal contact between SN-25-03-X and the existing up-dip holes SN-16-01 and SN-25-02. Geological units encountered correlate well, and mineralization along the basal contact is consistent and interpreted to be continuous between holes.

In total, the Company has now completed five drill holes (inclusive of the extension hole describe above) for a total of 3,481 metres at Saturday Night. All holes have intersected a thick, layered intrusion containing extensive intervals of magmatic sulphides enriched in platinum, palladium, gold, copper, and nickel, with mineralization intensifying toward the basal contact. Combined, this new drilling expands the known mineralized footprint, now measuring approximately 800 metres by 200 metres and remains open in all directions.

Figure 1: Saturday Night PGE Property location map on regional total field magnetics. The Sars depict known magnetic features associated with MCR mineralized intrusions.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2766/281788_25ad87f804434aae_001full.jpg

Table 2: Drill hole collar information.

 
*Notes: Coordinates are in UTM NAD83, Zone 16N, in metres. Drill hole SN-25-03-X is an extension of hole SN-25-03, which previously terminated at a death of 830m. Dip is reported as negative below horizontal. Lengths reported are in metres, and represent core length, insufficient work has been completed to determine true widths.

Figure 2: Saturday Night Project North-South cross-section, looking west, including interpreted geology and mineralization intersected with a 200m influence.

*Note: 3E PGE = (Pt + Pd + Au), Coordinates are in UTM NAD83, Zone 16N, in metres. Lengths reported are in metres, and represent core length, insufficient work has been completed to determine true widths.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2766/281788_25ad87f804434aae_002full.jpg

Next Steps

The Company is actively expanding its understanding of the Saturday Night PGE-rich intrusion and is undertaking various studies and 3D modeling activities, including physical rock-property analysis, to better constrain geophysical inversion models. In the coming months, the Company is planning additional geophysical surveys and 3D modeling to enhance drill targeting.

About the Saturday Night Project

The Saturday Night Project, wholly owned by Transition Metals, comprises 63 staked mining claims situated in Fowler Township, located approximately 30 kilometres northwest of Thunder Bay, Ontario, within the Robinson Superior Treaty area. The project has year-round road access to a main highway and is close to infrastructure. The exploration work to date has confirmed that a magnetic anomaly found on the Property is linked to an underlying mafic-ultramafic intrusion (SNI), which is interpreted to have originated during the Proterozoic era and is associated with the renowned Midcontinental Rift (MCR).

The MCR is a geological feature that extends over 2,000 kilometres across the heart of North America. It formed around 1.1 billion years ago as the North American craton began to rift. Notably, the early stages of this rift (referred to as ‘early-rift’) are associated with the presence of mafic to ultramafic intrusive rocks that contain significant quantities of platinum group elements (PGEs). Nearby MCR related deposits include the Thunder Bay North and Sunday Lake deposit. The Sunday Lake deposit was discovered by Transition in partnership with Impala Platinum in 2013. Other rift related Ni-Cu and PGE-bearing systems include the Eagle deposit located in Michigan, and the Tamarack and Duluth deposits located in Minnesota. The Saturday Night Project is currently in the early exploration phase, with ongoing assessments aimed at determining the potential of the Property to host PGE mineralization of interest. The Property is subject to an underlying 1.0% Net Smelter Return royalty (see company press releases dated September 8, 2020).

2026 AME Roundup Conference

Company personnel, including CEO Scott McLean, COO Greg Collins, and Corporate Development Manager Bill Stormont will be exhibiting in person at the AME Roundup 2026 in Vancouver on Wednesday, January 28^th and Thursday, January 29^th in AME’s Project Generators’ Hub. Inquiries to arrange meetings can be directed to Bill Stormont by e-mail (bstormont@transitionmetalscorp.com), or by telephone (+1 (778) 868-9571).

Qualified Person

The technical elements of this news release have been approved by Mr. Benjamin Williams, P.Geo. (PGO), Exploration Manager of Transition Metals Corp., and a Qualified Person under National Instrument 43-101.

About Transition Metals Corp.

Transition Metals Corp. (TSXV: XTM,OTC:TNTMF) is a Canadian-based, multi-commodity explorer. Its award-winning team of geoscientists has extensive exploration experience which actively develops and tests new ideas for discovering mineralization in places that others have not looked, often allowing the company to acquire properties inexpensively. Joint venture partners earn an interest in the projects by funding a portion of higher-risk drilling and exploration, allowing Transition to conserve capital and minimize shareholder’s equity dilution.

Cautionary Note on Forward-Looking Information

Except for statements of historical fact contained herein, the information in this news release constitutes ‘forward-looking information’ within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as ‘plans’, ‘proposes’, ‘estimates’, ‘intends’, ‘expects’, ‘believes’, ‘may’, ‘will’ and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281788

Kobo Resources Inc. (‘ Kobo ‘ or the ‘ Company ‘) ( TSX.V: KRI ) intends to complete a non-brokered private placement of 958,306 common shares (the ‘ Common Shares ‘) at a price of $0.30 per Common Share for gross proceeds of $287,491.80 (the ‘ Offering ‘). The Common Shares will be issued pursuant to exemptions from the prospectus requirements in accordance with National Instrument 45-106 Prospectus Exemptions and will be subject to a 4-month statutory hold period in accordance with applicable Canadian securities laws.

The Company intends to use the net proceeds of the Offering for general corporate and working capital purposes.

Closing of the Offering is expected to occur on or about February 3, 2026 (the ‘ Closing ‘), and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

The Common Shares have not been registered under the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘), or any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the ‘United States’ or ‘U.S. persons’ (as such terms are defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or compliance with an exemption from such registration requirements. This press release is not an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction.

About Kobo Resources Inc.

Kobo Resources is a growth-focused gold exploration company with a compelling gold discovery in Côte d’Ivoire, one of West Africa’s most prolific gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.

With over 29,000 metres of diamond drilling, nearly 5,887 metres of reverse circulation (RC) drilling, and 7,100+ metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou’s Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development.

Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d’Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo’s common shares trade on the TSX Venture Exchange under the symbol ‘KRI’. For more information, please visit www.koboresources.com .

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement on Forward-looking Information:

This news release may contain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements, including statements related to the Offering or to the exploration program of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable as at the date of this news release, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; the inherent risks involved win the exploration and development of mineral properties; unanticipated costs and expenses; the delay or failure to receive board, shareholder or regulatory approvals; and other risk factors listed from time to time in our documents filed with Canadian securities regulators on SEDAR+ at www.sedarplus.ca . There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260127728466/en/

For further information, please contact:

Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com

Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.

Newly granted patent represents a foundational innovation, engineered to deliver high-yield, low-cost, and ultra-pure synthetic fuels, including eSAF

Syntholene Energy Corp. (TSXV: ESAF) (FSE: 3DD0) (‘Syntholene’ or the ‘Company’) announces the issuance of its first U.S. Patent granted by the United States Patent and Trademark Office (the ‘USPTO’) for the Company’s proprietary system for producing high-performance, low-cost, and carbon-neutral synthetic fuels.

This patent, No. US 12,441,674 B2, protects critical intellectual property underlying the Company’s novel Compact Cascade Oligomerizer, engineered for high efficiency fuel synthesis performance using the Methanol-to-Jet process. The design is a unitary vessel with multiple chambers incorporated into a single column, as opposed to current proposed systems that use multiple separate and single purpose reactors to produce saturated linear hydrocarbon chains via methanol synthesis, oligomerisation and hydrogenation in sequence.

The newly granted patent, titled ‘SYSTEM AND METHOD FOR GENERATING SYNTHETIC FUEL,’ secures Syntholene’s rights to a fuel generator and a method for generating fuel in which a Monolithic Block includes a plurality of plates stacked and bonded together. This represents a foundational innovation for delivering high-yield, low-cost, and ultra-pure synthetic fuels, including sustainable aviation fuel (eSAF).

‘This patent represents a major milestone for Syntholene as we continue to de-risk and protect our next-generation platform for industrial-scale synthetic fuel production,’ said Dan Sutton, CEO of Syntholene. ‘It reinforces our leadership in proprietary, high-efficiency process design, and strengthens our commercial moat as we continue to refine our process components and enhance the efficiency of our integrated supply chain.’

‘We are proud that the USPTO has recognized this novel approach to high level integration of discrete systems into an efficient unitary solution.’ Said Syntholene Chief Engineer John Kutsch. ‘This patent represents Syntholene’s unique process intensification approach to high-efficiency systems integration.’

This intellectual property covers core reactor architecture and process integration within the Company’s integrated fuel synthesis systems. It describes a key technology designed to maximize fuel yield and product purity from syngas inputs while minimizing unwanted byproducts typical in legacy fuel synthesis reactor systems, and employs the physical proximity of exothermic and endothermic reactions within the same unit to maximize heat integration and utilization.

Syntholene continues to pursue patent protection across North America, Europe, and Asia to secure its differentiated IP position ahead of commercial-scale deployments.

About Syntholene

Syntholene is actively commercializing a new production pathway for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70% lower cost than the nearest competing technology. The Company’s mission is to deliver the world’s first truly high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale.

Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering, and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral efuels across global markets.

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.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘expect’, ‘anticipate’, ‘aims’, ‘continue’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘believe’, ‘plans’, ‘intends’ and similar expressions are intended to identify forward-looking information or statements. All statements, other than statements of historical fact, including but not limited to statements regarding the patented technology and its intended benefits, the protections afforded by the patent, jurisdictions of patent protection, the commercial benefits of the Company’s intellectual property and patent, the Company’s business plans, commercial scalability, technical and economic viability, anticipated geothermal power availability, and future commercial opportunities, are forward-looking statements.

The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation, Syntholene’s ability to meet production targets, realize projected economic benefits, overcome technical challenges, secure financing, maintain regulatory compliance, manage geopolitical risks, and successfully negotiate definitive terms. Syntholene does not undertake any obligation to update or revise these forward-looking statements, except as required by applicable securities laws.

Readers are advised to exercise caution and not to place undue reliance on these forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281718

(TheNewswire)

January 27th, 2026 TheNewswire Muskoka, Ontario Steadright Critical Minerals Inc. (CSE: SCM,OTC:SCMNF) (‘Steadright’ or the ‘Company’), a resource exploration company focused on near-term production announces a Letter of Intent (LOI) with a first right of refusal to acquire up to 60% of SilverLine Mining Sarl, a Moroccan company with a binding Memorandum of Understanding (MOU) on a Licensed Mineral Claim property which is the License Holder of # 3843117 in the Regional Mining Area of Errachidia within the Kingdom of Morocco.  

LOI Terms

Steadright’s non-binding LOI with SilverLine Mining Sarl has up to a three-month Due Diligence (DD) period before a definitive agreement. The definitive agreement will give 5,500,000 Common Shares of Steadright to the owner of Mining License # 3843117 for up to 60% SilverLine Mining Sarl. The Mining License holder will retain 25% carried cost with SilverLine retaining 75% of the Mining Claim that currently holds an existing Mining License. This is an arm’s length transaction and the non-binding LOI was signed on January 26th, 2026.

Geology

The SilverLine property is located in the Regional Mining Area of Errachidia within the Eastern High Atlas Haute Moulouya plateau and is widely recognized as part of the Moulouya lead metallogenic province. Based on the February 21, 2022 report, ‘ETUDE GEOLOGIQUE DU PROJET MINIER OBJET DU PERMIS D’EXPLOITATION, POLYMÉTALLIQUE À BARYTINE, FLUORINE ET PLOMB’  by Kharmouch Sahar,  mineralization is structurally controlled in a system tightly linked to NE/SW-oriented faults and fractures that affect the basement, the lower part, and the cover rocks. These structures create a highly fractured zone where lead, fluorite, and barite mineralization occurs are concentrated. According to ONHYM, 30% of global silver production comes from lead–zinc mines, and Morocco’s silver often occurs as a by‑product in Pb–Zn districts.

Qualified Person

Mr. Robert Palkovits, P. Geo., VP Exploration for Steadright and a Qualified Person as defined under National Instrument 43‑101, has reviewed the scientific and technical information contained in this news release and has approved its disclosure. The QP has not yet verified all geological information reported herein, which is based in part on historical data and government sources. Additional verification work, including site visits, sampling, and review of original records, is planned.

Steadright CEO, Matt Lewis, states, ‘I am extremely pleased with the SilverLine Mining LOI. We think it can add a lot to our company, especially with an active Mining Licence. Our Canadian and Moroccan teams are working very hard at the needed due diligence.’

Atrium Research Engagement

Steadright is pleased to announce it has engaged the services of Atrium Research Corporation, a leading company sponsored research firm. Atrium will publish various research reports on Steadright based on publicly available information, industry data, and discussions with management. Atrium will also host three recorded interviews with Steadright’s management team to present the investment case in an interview format. In exchange for its research services, Atrium will receive cash compensation in the amount of $13,500 per quarter for the services listed above. The services will be provided for 12 months beginning on February 1, 2026. At the end of the Term, the agreement will be deemed to remain in place and be extended on a quarter-to-quarter basis at $13,500 per quarter, unless otherwise agreed to by the parties or the agreement is terminated by either party.

Atrium and the Company are arm’s-length parties, and neither Atrium nor its insiders holds any shares or options to purchase shares in the issued and outstanding capital of the company.

About Atrium Research

Atrium Research provides institutional quality company sponsored research on public equities in North America. Its investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Its research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, and an in-depth valuation process. Atrium Research is wholly owned and operated by its Co-Founders, Ben Pirie and Nicholas Cortellucci.

ABOUT Steadright Critical Minerals INC.

Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright has been focusing on finding exploration and historical mining projects that can be brought into production within the Moroccan critical mineral space. Steadright currently has exposure through a Moroccan entity known as NSM Capital Sarl, with over 192 sq KMs of mineral exploration claims called the TitanBeach Titanium  Project and the Copper Valley Mineral Claim, found in the Kingdom of Morocco. Steadright has also recently signed an MOU for the historic Goundafa Mine within Morocco, which holds a current Mining License.

ON BEHALF OF THE BOARD OF DIRECTORS

For further information, please contact:

Matt Lewis

CEO & Director

Steadright Critical Minerals Inc.

Email: enquires@steadright.ca

Tel: 1-905-410-0587

www.steadright.ca

Neither the Canadian Securities Exchange (the ‘CSE’) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information is subject to known and unknown risks, ‎uncertainties and other factors which may cause the actual results, level of activity, performance or ‎achievements of Steadright to be materially different from those expressed or implied by such forward-‎looking information. Such risks and other factors may include, but are not limited to: there is no ‎certainty that the ongoing programs will result in significant or successful ‎exploration and ‎development of Steadright’s properties; uncertainty as to ‎the actual results of exploration and ‎development or operational activities; uncertainty as to the availability and terms of ‎future financing on ‎acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; ‎general business, economic, competitive, political and social uncertainties; capital market conditions ‎and market prices for securities, junior market securities and mining exploration company securities; ‎commodity prices; the actual results of current exploration and development or operational activities; ‎competition; changes in project parameters as plans continue to be refined; accidents and other risks ‎inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory ‎approvals; changes in legislation, including environmental legislation or income tax legislation, affecting ‎Steadright; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key ‎individuals.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the ‎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, or for the account or benefit of, U.S. Persons ‎unless registered under the U.S. Securities Act and applicable state securities laws, unless an ‎exemption from such registration is available.‎

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