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FPX Nickel Announces Commencement of Environmental Assessment Process for Baptiste Nickel Project

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 FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (‘FPX’ or the ‘Company’) is pleased to announce that the Initial Project Description (the ‘IPD’) for its Baptiste Nickel Project (‘Baptiste’ or ‘the Project’) has been submitted and formally accepted by the British Columbia Environmental Assessment Office (‘BC EAO’) and the Impact Assessment Agency of Canada (‘IAAC’). With this key milestone, the Environmental Assessment (‘EA’) process for the Project has commenced.

‘This is a significant achievement for Baptiste and is the result of extensive and deep engagement with the provincial and federal governments, First Nation communities and other local communities, as well as robust engineering, environmental and stewardship activities,’ said Martin Turenne, President and CEO of FPX. ‘The Initial Project Description supports the initial phases of both the provincial and federal Environmental Assessment process outlining the Company’s preliminary plans to develop the Baptiste Project, thereby informing subsequent phases of the EA and continued Project development.’

The Company is looking forward to a comprehensive, transparent and rigorous EA process and is committed to continuing to advance the Project in genuine partnership with local First Nations. FPX has been working closely with First Nations, developing collaborative relationships including through funding agreements and co-design initiatives.

FPX would like to acknowledge the early engagement of the province of British Columbia through the Critical Minerals Office and the inclusion of Baptiste as the first pilot project of this initiative, starting in 2024. Likewise, the Company would like to recognize the engagement of the federal government and the recent $3.7 million grant from Natural Resource Canada’s Critical Mineral Infrastructure Fund which have helped to advance the Project to this stage. Taken together, these initiatives clearly demonstrate government’s commitment to the responsible development of critical minerals projects like Baptiste at this pivotal moment in Canada’s history.

FPX has launched a dedicated project website, https://baptisteproject.com, as part of the Company’s ongoing commitment to engage with the public and to support an inclusive review of the Baptiste Nickel Project.

The IPD is available on the BC EAO and IAAC websites and comments can be submitted to both these government agencies during a forthcoming public comment period to be held between February 5 and March 9, 2026, as part of the EA process.

    About the Baptiste Nickel Project

    The Baptiste Nickel Project, located in central British Columbia, is one of the largest, lowest cost undeveloped nickel projects in the world and is expected to be a long-life, low-carbon source of nickel for stainless steel and battery supply chains. Nickel is designated as a critical mineral by the Government of Canada due to its essential role in economic security and the global energy transition. Baptiste represents a new nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni3Fe) hosted in an ultramafic/ophiolite complex.  The absence of sulphur and our ability to connect to the BC Hydro grid means that Baptiste has the potential to be one of the lowest carbon-intensive nickel producers in the world and will produce a high-grade product that does not require any intermediate smelting or complex refining.

    In 2024, the Province of British Columbia identified the Baptiste Nickel Project as the first project to be included in the Province’s new Critical Minerals Office (‘CMO’) concierge service initiative, a provincial strategy action to enable the prioritization of critical minerals projects in B.C. The CMO initiative is providing an excellent structure to proactively identify and address issues and opportunities ahead of the Project’s entry into the environmental assessment process.

    The Baptiste mineral claims cover an area of 453 km2 west of Middle River and north of Trembleur Lake, in central British Columbia.  In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claims package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit.  Since 2010, approximately US$55 million has been spent on the exploration and development of Baptiste.

    About FPX Nickel Corp.

    FPX Nickel Corp.  is focused on the exploration and development of the Baptiste Nickel Project, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite.  For more information, please view the Company’s website at https://fpxnickel.com/

    On behalf of FPX Nickel Corp.

    ‘Martin Turenne’

    Martin Turenne, President, CEO and Director

    Forward-Looking Statements

    Certain of the statements made and information contained herein is considered ‘forward-looking information’ within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company’s periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

    Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

    SOURCE FPX Nickel Corp.

    View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2026/23/c8075.html

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    Freeport-McMoRan Plans 2026 Grasberg Restart After Deadly Mud Rush

    Investing 3 Mins Read

    Freeport-McMoRan (NYSE:FCX) is preparing to bring one of the world’s most important copper assets back online, laying out plans for a phased restart of the Grasberg mine in Indonesia following a deadly mud rush that halted operations late last year.

    The Arizona-based miner said remediation and preparation work at the Grasberg minerals district remains on schedule after the September 8, 2025 incident, when an estimated 800,000 metric tons of wet material entered the block cave and killed seven workers.

    According to the company, its Indonesian subsidiary, PT Freeport Indonesia (PTFI), expects to begin restarting Production Blocks 2 and 3 of the Grasberg Block Cave in the second quarter of 2026, with a gradual ramp-up thereafter. A potential restart of Production Block 1 is targeted for 2027.

    Based on current estimates, PTFI expects roughly 85 percent of total production at normal operating rates to be restored in the second half of 2026.

    Work required to resume mining, including mud removal from underground workings, repairs to key infrastructure and the installation of protective barriers, is progressing as planned, Freeport said. Investigations into the cause of the incident and remedial measures were completed during the fourth quarter of 2025.

    Operations at other parts of the Grasberg complex have already resumed. In late October 2025, PTFI restarted production at the Deep Mill Level Zone (DMLZ) and Big Gossan underground mines, which were not affected by the mud rush.

    Those restarts provided some relief to output but did not offset the loss of production from the Grasberg Block Cave, the district’s primary ore source.

    “As we enter 2026, our team has a clear focus on restoring operations at Grasberg safely and sustainably, and on continuing to build values in the Americas through our innovative growth and efficiency initiatives,” Freeport president and chief executive officer Kathleen Quirk said in the company’s recent quarterly statement.

    While the Grasberg restart remains the central operational focus, Freeport’s latest quarterly results showed the company’s financial resilience during the disruption.

    In the fourth quarter of 2025, Freeport reported net income attributable to common stock of US$406 million, or US$0.28 per share. Adjusted net income totaled US$688 million, or US$0.47 per share, beating quarterly profit estimates.

    Going into 2026, Freeport expects consolidated sales of about 3.4 billion pounds of copper, 0.8 million ounces of gold and 90 million pounds of molybdenum, with those projections assuming a phased restart of the Grasberg Block Cave beginning in the second quarter.

    Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

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    LaFleur Minerals Inc.Sees Emerging Dynamic with Pivot from Exploration to Production

    Investing 4 Mins Read

    This article has been disseminated on behalf of LaFleur Minerals and may include paid advertising. 

    Disclosure: This does not represent material news, partnerships or investment advice.

    Via MiningNewsWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by MiningNewsWire (‘MNW’), one of 75+ brands within the Dynamic Brand Portfolio@IBN (InvestorBrandNetwork), a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.

    To view the full publication, ‘From Permits to Gold Pour: Why Readiness Matters,’ please visit: https://ibn.fm/qihBV

    One of the most pivotal moments in a mining company’s lifecycle is not the initial discovery phase or the point at which production is fully established, but rather the transition between exploration and production. At this stage, geological uncertainty has been largely addressed, infrastructure is complete, pathways to production are defined and capital is aligned with execution. Historically, this combination has created the conditions for substantial valuation expansion. Adequate funding becomes critical during this transition, enabling companies to move beyond planning and into operational delivery.

    This dynamic is now emerging at LaFleur Minerals Inc., a Québec-based, near-term gold producer that recently completed an upsized and oversubscribed C$7.8 million financing. With capital in place to restart operations at its Beacon Gold Mill, the company now sits at a stage where upside has often accelerated for mining developers. 

    About LaFleur Minerals Inc.

    LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The Company’s mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ fully permitted and refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.

    Qualified Person Statement – All scientific and technical information contained in the LaFleur Minerals Market Awareness Profile (MAP) has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company and considered a Qualified Person for the purposes of NI 43-101.

    NOTE TO INVESTORS: The latest news and updates relating to LFLR are available in the company’s newsroom at http://ibn.fm/LFLRF

    About MiningNewsWire

    MiningNewsWire (‘MNW’) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.

    MNW is where breaking news, insightful content and actionable information converge.

    To receive SMS alerts from MiningNewsWire, text ‘BigHole’ to 888-902-4192 (U.S. Mobile Phones Only)

    For more information, please visit https://www.MiningNewsWire.com

    Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or republished: https://www.MiningNewsWire.com/Disclaimer

    MiningNewsWire
    Los Angeles, CA
    www.MiningNewsWire.com
    310.299.1717 Office
    Editor@MiningNewsWire.com

    MiningNewsWire is powered by IBN

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    Freegold Provides an Update on its 2026 Plans

    Investing 11 Mins Read

    2026: Opportunities and Objectives 

    • Infill drilling to define higher-grade zones and improve/derisk the mineral resource
    • Additional metallurgical testing to target >90% recovery and assess cost efficiency
    • Expand on the newly discovered Tamarack Zone and adjacent higher-grade Cleary Hil resultsl
    • Updated Mineral Resource Estimate

    Objective: continue to demonstrate that Golden Summit is a highly attractive, extremely rare, generational project with phased development potential.

    Freegold Ventures Limited (‘Freegold’ or ‘the Company’) (TSX: FVL,OTC:FGOVF) (OTCQX: FGOVF) is pleased to provide an update on its 2026 plans for Golden Summit and a review of its 2025 activities.

    In July 2025, Freegold published its updated mineral resource estimate for Golden Summit, which showed a significant increase in ounces, making it one of the largest undeveloped gold resources in North America.

    • Indicated Primary Mineral Resource: 17.2 Moz at 1.24 g/t Au, a 42% increase in ounces and 15% grade increase from the September 2024 resource estimate.
    • Inferred Primary Mineral Resource: 11.9 Moz at 1.04 g/t Au, an 11 % increase in ounces, at the same grade.
    • Cut-off grades remained unchanged at 0.50 g/t Au. (PR July 24, 2025)

    In 2025, Freegold completed over 39,000 metres of drilling. The ongoing infill drill program is continuing to improve the resource block model, and results are aligning well with current geological interpretations, strengthening confidence in the resource model.

    In January 2026, Freegold successfully completed a $50 million equity raise, with participation from over 20 institutions and the continued support of Eric Sprott.

    With a strong treasury, Freegold is well-positioned to advance the Golden Summit project in 2026 and will focus on several key initiatives:

    • Infill drilling to define higher-grade corridors and further derisk the mineral resource.
    • Expanded metallurgical testing to optimize gold recovery and enhance project economics.
    • Evaluation of multiple development strategies, including staged development, to maximize project viability and minimize initial capital expenditures.
    • Completion of a Pre-Feasibility Study (PFS) by Early 2027

    Upcoming Drilling Program & New Tamarack Discovery
    Freegold continues to achieve exploration success in defining new zones of gold mineralization.  The rapid increase in the gold price by over $2,000 since the July 2025 resource update was completed is further benefiting Golden Summit’s very large lower-grade halo in the 0.3-0.5 gpT range, offering our investors considerable optionality. Given the substantial size of the existing resource at Golden Summit, current drilling efforts are focused on areas with the highest potential to serve as an initial starter pit. By systematically identifying higher-grade corridors, focusing on reducing the strip ratio, and determining the optimal cut-off grade, Freegold is continuing to ensure the project’s value is maximized. These efforts are designed to deliver a robust, de-risked mineral resource estimate that will serve as a solid foundation for the upcoming Pre-Feasibility Study (PFS).

    Drilling will resume in February with a 50,000-metre program targeting the central Dolphin/Cleary/WOW Zones and the newly discovered Tamarack Zone. The Tamarack Zone extends the deposit’s footprint to the east and, likely, to the southeast, and represents a significant opportunity to materially increase the overall project resource.  The Cleary Hill Zone, located 400m west of Tamarack, is continuing to demonstrate potential for wider mineralized zones at depth and had some excellent drill intersections in 2025, including one reported on January 15th. Additional drilling in 2026 will target the untested gap, which is considered to have substantial infill potential.

    Metallurgical Studies
    Freegold is excited about the advanced metallurgical testwork underway, which will help identify the optimal, lowest-risk treatment methods. Metallurgy has been an area of uncertainty for investors. Our 2025 test work provided several important results: recoveries over 90% were achieved with four oxidation processes: BIOX®, POX, and the Albion Process and the GlassLock Process treating a flotation concentrate of approximately 4% mass. The flotation tailings were found to be non-acid-generating, as the material had an AP (acid potential) below the detection limit, as determined by standard ABA (Acid-Base Accounting) procedures. 

    A simple, low-cost gravity step recovered 40-50% of the gold, bolstering recovery in all the flowsheets tested.  Recent results from the GlassLock Process demonstrate an enhanced gold grade in concentrate, with no measurable gold losses during processing, resulting in the production of a saleable, direct-to-smelter concentrate that avoids the use of cyanide while significantly reducing arsenic content. The concentrate would be highly attractive to numerous end users.(Source: PR, December 16th, 2025). Ongoing trade-off studies will determine whether the additional processing and capital investment required for further treatment are warranted, or whether a simpler gravity- and CIL-based flowsheet is more cost-effective despite lower recovery rates.

    The expanded metallurgical program, initiated in the second quarter of 2025, sourced materials from various areas and depths to ensure a comprehensive assessment of the deposit’s characteristics. A pilot plant processed over 1.5 tonnes of composite material from expanded drill core sampling, resulting in the production of gravity and cleaner flotation concentrates. These concentrates will support ongoing test work throughout 2026 and facilitate subsequent detailed engineering studies. Furthermore, several additional metallurgical test holes with larger-diameter PQ drilling are planned to augment the current work.

    A Unique Scenario – Golden Summit’s Capacity to be its own District.
    There is a geological consistency between Golden Summit’s large and growing resource and its history. Since the Alaskan gold rush, over 6.75 million ounces of placer gold have been recovered from streams draining the project area, and a further 500,000 ounces of lode gold have been produced.  The current mineral resource lies within the western portion of the 13-kilometre x 6km property and, within a comparatively small 2 km by 1.5 km footprint. Significant exploration upside remains both immediately east and west of the defined resource, offering outstanding opportunities for further discoveries and resource growth. The discovery of the Tamarack Zone, announced earlier this month, was yet another reminder of this potential.

    Further to the east, geochemical and geophysical surveys have identified several target areas, including significant gold-in-soil anomalies, key indicators of mineralization, and closely linked to historically productive regions. Our greatly enhanced understanding of the mineralization controls has allowed Freegold to maintain an enviably low finding cost under $5/oz. These anomalies present excellent opportunities for future discoveries – not only those that will add ounces, but also those that could boost early project economics. One drill rig will be dedicated to this eastern area over the summer, further supporting efforts to enhance shareholder and project value.

    Path to Pre-Feasibility Early 2027
    With drilling planned to resume in February 2026, the year is expected to be another highly active one, with the continuation of infill/condemnation and exploration drilling in conjunction with ongoing environmental baseline work to provide a strong foundation for future permitting.

    Freegold has maintained a consistent commitment to environmental responsibility by conducting baseline studies over the past several years, focusing on groundwater and wetlands delineation, and by ongoing reclamation of drill pads and project roads post-use to minimize environmental impact.  

    In 2025, Freegold broadened its scope to include field assessments of cultural resources, archaeology, and paleontology, further demonstrating its commitment to responsible project development. As part of its 2025 environmental initiatives, Freegold installed vibrating wire piezometers (VWP’s) to enable ongoing groundwater monitoring, which is vital for future dewatering strategies. Additionally, mammal habitat assessments were initiated during the winter, with plans to expand them in upcoming seasons to promote a comprehensive wildlife management approach. Efforts are also underway to electrify the Golden Summit camp as part of Freegold’s strategy to reduce diesel consumption, with completion anticipated in early spring. As part of its pre-feasibility study (PFS), Freegold has engaged a power consultant to evaluate the local power infrastructure and investigate alternative energy sources to enhance long-term sustainability.

    As Golden Summit continues to evolve, its exceptional optionality becomes more evident: its location, resource size, and, with the success of the ongoing metallurgical test work, the potential for multiple development paths, which will be evaluated to ensure the most optimal outcome for the pre-feasibility study (PFS).

    2025 Drill Results
    Drilling was completed in mid-December, with 63 holes drilled. Analytical work, including cutting and sampling of the remaining drill holes, is ongoing and will provide news flow in the early months of 2026 while our 2026 drill program ramps up. Further results will be reported once they have been received and validated.

    Upcoming Conference Attendance: January – March 2026
    AMEBC Round Up, Vancouver, BC, January 26th – 29th, 2025 (Booth 127 January 26th – 27th, 2026)

    BMO 35th Global Metals, Mining & Critical Minerals Conference, Hollywood Florida February 22nd, -26th, 2026

    Prospectors and Developers. (PDAC), Toronto, Ontario – March 1st – 4th, 2026 – Booth 2621 (Main Exhibit Hall)

    About Golden Summit
    Since 2020, the Golden Summit Project has become one of North America’s largest undeveloped gold resources. The substantial increase in resource ounces and grade is attributed to targeted drilling campaigns between 2020 and 2024 (totalling over 130,000 metres), ongoing improvements to geological models, and enhanced understanding of mineralisation controls. Positive metallurgical test results have also propelled the project forward. Continued drilling has delineated higher-grade zones and converted previously considered waste areas into potentially economically viable mineralised zones.

    Recovery rates exceeding 90% have been achieved using sulphide-oxidising techniques such as BIOX®, POX, and the Albion Process. Recent testwork also included the GlassLock Process, which demonstrated that the gold grade of the concentrate can be increased without measurable gold loss, producing a direct-to-smelter saleable concentrate with significantly reduced arsenic content.

    As of July 2025, the Golden Summit resource includes an Indicated Primary Mineral Resource of 17.2 million ounces at 1.24 g/t Au and an Inferred Primary Mineral Resource of 11.9 million ounces at 1.04 g/t Au, calculated using a 0.5 g/t cut-off grade and a gold price of $2,490. Cutting, sampling, and analytical work are ongoing, with drilling expected to resume in February. Results from the 2025/2026 drilling campaign will provide the basis for an updated mineral resource estimate, which will support the upcoming Pre-Feasibility Study (PFS).

    Qualified Person Statement
    The Qualified Person for this release is Alvin Jackson, P.Geo., Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

    About Freegold Ventures Limited
    Freegold is a TSX-listed company focused on exploration in Alaska.

    Cautionary Statement Regarding Forward-Looking Information
    This press release contains statements that constitute ‘forward-looking information’ (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 and are based on expectations, estimates and projections as at the date of this press release. Any statement that discusses 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. Forward-looking statements contained in this press release, include, without limitation, statements regarding advancing the Golden Summit Project and other exploration plans and results of any drill programs, statements regarding the timing for and expected completion of a pre-feasibility study, the results of any environmental initiatives or metallurgical testing and any development, or drilling. In making the forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors 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: availability of financing; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. See Freegold’s Annual Information Form for the year ended December 31, 2024, filed under Freegold’s profile at www.sedarplus.com, for a detailed discussion of the risk factors associated with Freegold’s operations.

    SOURCE Freegold Ventures Limited

    View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2026/23/c5061.html

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    Trump’s Greenland “Framework” Raises Questions Over Critical Minerals and Sovereignty

    Investing 5 Mins Read

    US President Donald Trump’s claim that Washington has reached a “framework of a future deal” over Greenland has raised more questions than answers, particularly over whether access to the Arctic territory’s vast natural resources and critical minerals is part of the discussions.

    Trump’s recent announcement on his Truth Social platform after meetings at the World Economic Forum in Davos appeared to mark a de-escalation after weeks of mounting pressure on Denmark and Greenland.

    Those tensions had included threats of tariffs and repeated suggestions that the United States might use force to secure control of the semi-autonomous Danish territory. Instead, Trump said the framework emerged from a “very productive meeting” with NATO Secretary General Mark Rutte and suggested talks would continue.

    “This solution, if consummated, will be a great one for the United States of America, and all NATO Nations,” Trump wrote, offering no details on what the framework contains.

    A mysterious and vague framework

    What has followed has been a series of clarifications about what the deal does not include.

    Danish Prime Minister Mette Frederiksen said Denmark is open to negotiations on security and cooperation but stressed that “we cannot negotiate on our sovereignty.”

    Greenland’s Prime Minister Jens-Frederik Nielsen echoed that position, calling sovereignty a ‘red line’ and saying he was unaware of the substance of any framework being discussed.

    NATO officials have likewise emphasized that the alliance has no mandate to negotiate territorial arrangements and that any talks would have to involve Denmark, Greenland, and the US directly.

    Despite the lack of specifics, Trump’s comments have revived debate over why Greenland matters so much to Washington. Security considerations have dominated official statements, yet Greenland’s natural resources remain a central but unresolved part of the picture.

    A resource-centric agenda

    Despite the lack of specifics, Trump’s comments have revived debate over why Greenland matters so much to Washington. Security considerations have dominated official statements, yet Greenland’s natural resources remain a central but unresolved part of the picture.

    Greenland is believed to sit on top of large reserves of oil and natural gas, though commercial extraction has yet to take off. The island is thought to host substantial deposits of minerals considered critical for modern economies and military technologies.

    According to the 2023 Geological Survey of Denmark and Greenland, 25 of the 34 minerals classified as “critical raw materials” by the European Commission are found in Greenland, including graphite, niobium and titanium. These materials are essential for electronics, Trump himself has frequently linked Greenland to minerals and security in the same breath, arguing that US control would put the country in “a really good position, especially as it pertains to security and to minerals.”

    At times, however, Trump has appeared to downplay the economic case, instead emphasizing geopolitical threats.

    “I want Greenland for security – I don’t want it for anything else,” he told reporters at Davos. “You have to go 25ft down through ice to get it. It’s not, it’s not something that a lot of people are going to do or want to do.”

    Even so, access to Greenland’s resources has loomed large in the background of the administration’s agenda. Trump has made countering China’s dominance in rare earths and strategic minerals a core economic and national security priority, placing supply chains at the center of US geopolitical strategy.

    The US has been moving in that direction for years. In 2020, during Trump’s first term, Washington reopened its consulate in Nuuk, Greenland’s capital, as part of a broader effort to deepen ties amid expanding Russian and Chinese activity in the Arctic.

    Since Trump returned to office, his allies have increasingly framed Greenland as a commercial opportunity as well as a strategic one, citing climate change-driven shifts that are opening new shipping routes and access to fisheries, energy, and mineral resources.

    Shades of an existing agreement

    For now, none of those ambitions have been reflected in concrete terms tied to Trump’s announced framework. NATO said only that future negotiations would aim to ensure Russia and China “never gain a foothold — economically or militarily — in Greenland.”

    While that language could encompass mining and investment restrictions, it stops short of any commitment on mineral access or ownership.

    According to a New York Times report, officials familiar with parallel discussions said one idea floated informally involved granting the US sovereignty or near-sovereign control over small areas of Greenland for military bases, modeled on Britain’s sovereign base areas in Cyprus.

    Such an arrangement would address defense concerns but would do little to resolve questions about mineral rights, which are governed by Greenlandic law and subject to strong local political sensitivities.”

    Trump’s shifting tone has also prompted scrutiny in Washington. When asked whether the framework met his earlier demand to “own” Greenland, Trump avoided the question, calling the arrangement “a long-term deal” that was “infinite” and “forever.”

    Critics have noted that similar language already applies to the 1951 US-Denmark defense agreement, which allows an open-ended American military presence at what is now Pituffik Space Base.

    Updated in 2004, the same agreement gives the US wide authority within its defense areas, including control over personnel, equipment, and movement. Some analysts argue that most of what Trump appears to be seeking could be achieved by revising or expanding that framework rather than pursuing ownership or sovereignty.

    Whether the new framework goes further remains unclear. US, Danish, and Greenlandic officials are expected to continue talks in the coming weeks, and a working group could meet as early as next week to flesh out details.

    Until then, the absence of explicit language on critical minerals stands out, given how often they have been invoked as a justification for Trump’s aggressive rhetoric.

    Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

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    THE SCARCITY CYCLE: 5 Assets for the Physical Reset

    Investing 7 Mins Read

    USANewsGroup.com Market Intelligence Brief –

    The digital economy just hit the wall of physics. Paper confidence is dying in real-time.

    Gold just crossed $4,700/oz in the opening weeks of January. Street consensus now targets $5,000 within the year.

    AI hyperscalers require 300+ gigawatts of baseload power that the existing grid cannot deliver. This creates a structural tailwind for the load-bearing walls of the economy: uranium, copper, and strategic inventory.

    We are witnessing a generational recapitalization. Capital is abandoning pixels for the hard assets you can touch, mine, and measure.

    The asymmetric advantage belongs to those who control the molecules. Everything else is narrative.

    THE DISTRICT CONSOLIDATOR – RUA.V

    Rua Gold (TSXV: RUA,OTC:NZAUF) (OTCQB: NZAUF) has fundamentally closed the ‘Action Gap’ in New Zealand, consolidating over 95% of the Reefton Goldfield—a district that historically produced 2 million ounces at grades up to 50 g/t Au.

    On January 19, the company accelerated its 2026 outlook, ramping up activities to include the Auld Creek gold-antimony project in New Zealand’s new FAST TRACK permitting process. This is not just a gold story: it is a strategic material play on antimony, a critical defense and energy metal currently trading over $60,000 per tonne.

    The transition from ‘concept’ to ‘calculation’ is imminent: with three drill rigs currently active, the company is testing a 2,500m strike length and has engaged RSC Consulting to deliver a comprehensive technical resource refresh in February 2026. Rua Gold owns the district, the grades, and the upcoming regulatory tailwind.

    Read this and more news for Rua Gold at:
    https://usanewsgroup.com/2025/04/02/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/

    THE DIGITAL SOVEREIGNTY – QSE.CN

    Gold hit $4,730/oz because physical assets cannot be hacked. Digital networks managing that wealth can.

    Legacy RSA encryption dies the moment quantum computers go live. You cannot run a sovereign economy if adversaries can decrypt your data in real time.

    On January 12, Washington, D.C. launched the ‘Year of Quantum Security’ – a mandatory modernization for the global financial system. The mandate created a $30 billion tech migration overnight.

    QSE – Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) expanded operations to five countries across three regions to capture that cycle. Their partnership with NUSA Networks in Indonesia fast-tracks quantum-resilient algorithms into critical national infrastructure.
    The digital border is now physical infrastructure. QSE owns the choke point.

    Read this and more news for Quantum Secure Encryption Corp. at:
    https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/

    THE VELOCITY THRESHOLD – VWAV

    Modern warfare has enough sensors. It lacks the velocity to act.

    The gap between detection and response is the kill zone. VisionWave Holdings Inc. (NASDAQ: VWAV) built the $99.6 million QuantumSpeed computational engine to collapse that latency.

    Recently, the company formed a strategic joint venture in Nevada to accelerate commercialization of defense-grade technologies. The choke point shifted from data collection to execution speed.

    On January 15, VisionWave expanded into Europe via Solar Drone Ltd. with follow-on orders in Italy and Spain for power grid maintenance and autonomous surveillance. Critical infrastructure requires real-time threat mapping.

    Decision velocity is the new sovereign capability. VWAV owns the compression cycle.

    Read this and more news for VisionWave Holdings Inc. at: https://usanewsgroup.com/2025/09/11/the-ai-defense-technology-developments-potentially-relevant-in-2025-26/

    THE DOMESTIC EXTRACTION – ARS.CN

    Fluorspar is required for steel, aluminum, and nuclear fuel production. The U.S. currently imports 100% of its supply.

    On January 20, 2026, the Department of Defense awarded Ares Strategic Mining Inc. (CSE: ARS) (OTCQB: ARSMF) a $168,938,267 contract through the Defense Logistics Agency. The Pentagon just eliminated its foreign dependency.

    Imminent commissioning of the Lumps Plant in Delta, Utah marks the transition from developer to primary producer. ARS becomes the domestic fluorspar source for U.S. defense and industrial infrastructure.

    The contract includes potential task orders up to $250 million over five years. In a supply-constrained market with zero domestic competition, that floor creates asymmetric advantage.

    Critical minerals require critical infrastructure. ARS now controls both.

    Read this and more news for Ares Strategic Mining Inc. at: https://usanewsgroup.com/2024/04/29/this-company-is-bringing-essential-mining-back-to-the-u-s-fueled-by-government-action/

    THE POLYMETALLIC PIVOT – GOH.CN

    China’s 2025 export controls weaponized the tungsten supply chain. Prices are up 150% year-over-year.

    On January 6, assay results from the Magno Project returned 2,370 g/t silver, 6,550 ppm tungsten, and 334 ppm indium. GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) just discovered a polymetallic system in British Columbia.

    A newly recognized tungsten zone at Vines Lake and over 1.3 kilometers of strike at the Kuhn target expand the footprint. Geological parallels to Coeur Mining’s Silvertip Mine exist, but with a differentiated critical-metals component.

    Silver finances the drill program. Tungsten and indium provide the strategic premium.

    Domestic supply of defense-critical metals is no longer optional. GOH controls the convergence.

    Read this and more news for GoldHaven Resources Corp. at: https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-exploration-in-historically-productive-districts/

    CONTACT:

    USA NEWS GROUP
    info@usanewsgroup.com
    (604) 265-2873

    DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (MIQ). This article is being distributed for Baystreet.ca Media Corp. (BAY), who has been paid a fee for an advertising contract with Rua Gold Inc. ($45,000 CAD for a three month contract subject to the terms and conditions of the agreement from the company direct). MIQ has been paid a fee for QSE – Quantum Secure Encryption Corp., VisionWave Holdings, Inc., Ares Strategic Mining Inc. (fee since expired), and GoldHaven Resources Corp. advertising and digital media from the companies directly or through affiliates. There may be 3rd parties who may have shares of these companies and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled companies. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY owns shares of QSE – Quantum Secure Encryption Corp. (purchased via private placement), VisionWave Holdings Inc., Ares Strategic Mining Inc., and GoldHaven Resources Corp. (purchased in the open market). They do not currently own shares of Rua Gold Inc. but reserve the right to buy and sell, and will buy and sell shares of all mentioned companies at any time without further notice. All material disseminated by MIQ has been approved by the mentioned companies. Technical information relating to Rua Gold Inc. has been reviewed and approved by Simon Henderson, CP, AUSIMM, a Qualified Person who is the COO of the company and therefore not independent. Scientific and technical information relating to GoldHaven Resources Corp. has been reviewed and approved by Jean-Marc Lopez, B.Sc., FAusIMM, and Jonathan Victor Hill, B.Sc. Hons, FAusIMM, independent Qualified Persons. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful: investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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    Providence Gold Mines Inc. Closes Financing

    Investing 4 Mins Read

    (TheNewswire)

     

    VANCOUVER TheNewswire – January 22, 2026 – Providence Gold Mines Inc. (TSXV:PHD,OTC:PRRVF) (‘Providence’ or the ‘Company’) announces that further to the news release of January 16, 2026, the Company has received final approval to close the non-brokered private placement dated for reference September 11, 2025, for a total of 1,604,800 units at a price of $0.05 per unit for gross proceeds of $80,240. The approval was subject to the final approval of the reviewable transaction announced on January 16, 2026.

     

    Each unit consists of one common share and one full non-transferable warrant exercisable at $0.05 per warrant for a period of two years from the date of issue.

     

    The proceeds from the private placement will be used for administration and sampling of the underground workings to evaluate potential of available mineralization at the La Dama De Oro gold and silver property. Remedial road work on the main access road has been completed during the past several weeks.

     

        The Property:

     

    The La Dama de Oro gold property is a historical high grade gold producer and has permits for Water, Road, Environmental, Plan of Operations, Mill Site, and is approved for a bulk sample The Property has had no drilling or any modern-day scientific exploration and consequently has no developed or identified NI 43 101 compliant resources.

     

    The La Dama de Oro Property is located in the Silver Mountain Mining District, within the structurally complex Eastern California Shear Zone and the intersection with the San Andreas Fault Zone. Bedrock geology includes Mesozoic quartz monzonite that intrudes the Jurassic Sidewinder Volcanics. The structural geology of the region implies a sequence of compressional and extensional events that reactivated favorably oriented zones of weakness for the circulation of hydrothermal fluids. The main zone of mineralization is hosted by the La Dama de Oro Fault, a shallow northeast-dipping oblique-slip fault.

     

    The mineralization at the property is classified as a structurally controlled, low-sulfidation epithermal gold-silver vein system. Gold and silver mineralization is associated with multi-phase quartz veining, brecciation, and pervasive hydrothermal alteration along the La Dama de Oro Fault. The largest known vein is 4.5 feet at its widest point and remains open to exploration for over 6,000 feet. The gold system has potential not just within the La Dama de Oro vein and other known veins but as well for additional discovery of other parallel veins.

     

    The scientific and technical information contained in this news release has been reviewed and approved by Zachary Black, SME-RM, a Qualified Person as defined under NI 43-101. Mr. Black is a consultant and is independent of Providence Gold Mines Inc.

     

     For more information, please contact Ronald Coombes, President, and CEO of the Company.

     

    Ronald A. Coombes, President & CEO

    Phone: 604 724 2369

    roombes@providencegold.com

     

          CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

     

    Neither the OTCQB and or 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.

     

    All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statement

    Copyright (c) 2026 TheNewswire – All rights reserved.

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    Interpol-Backed Operation Nets 198 Arrests in South America’s Illegal Gold Trade

    Investing 3 Mins Read

    Police across four South American jurisdictions have carried out their first coordinated cross-border operation against illegal gold mining, arresting nearly 200 suspects and seizing cash, gold, mercury and mining equipment.

    The operation, known as Guyana Shield, brought together law enforcement and prosecutors from Brazil, French Guiana, Guyana and Suriname in December and involved more than 24,500 checks on vehicles and individuals across remote border regions.

    Authorities said the effort resulted in 198 arrests, including the detention in Guyana of three men suspected of gold smuggling and money laundering after they were found carrying unprocessed gold and about US$590,000 in cash.

    Investigators allege the three suspects are linked to a major organized crime group with possible connections to a prominent Guyanese gold exporting firm. The case is now the subject of ongoing financial and criminal investigations.

    Interpol, which supported the operation, said the surge in global gold prices has fueled a rapid expansion of illegal mining activity, particularly in environmentally sensitive regions of Latin America.

    Interpol Secretary General Valdecy Urquiza said the illicit gold trade has become a major funding source for criminal networks operating across borders.

    “The surge in international gold prices in recent years has resulted in increased illegal gold mining making it the fastest-growing revenue stream for organized crime groups, including in Latin America,” Urquiza said. “At INTERPOL, we are committed to working with our partners to disrupt those networks and prevent more damage to this remote and environmentally fragile region.”

    A central focus of the operation was the movement of mercury, a toxic substance widely used in illegal gold extraction to separate gold from other metals. Police in Guyana and Suriname seized cylinders of mercury valued at more than US$60,000 which were being transported by bus and concealed inside solar panels.

    Mercury contamination poses severe risks to both ecosystems and human health, particularly in riverine and Indigenous communities.

    The crackdown also featured so-called “mirror operations,” with officers from Brazil, French Guiana and Suriname conducting simultaneous checks on opposite banks of the Oyapock and Maroni rivers, which form key border crossings in the region.

    These coordinated inspections targeted riverbank supply stores that sell fuel, equipment and chemicals used in gold mining and that, in some cases, are suspected of facilitating smuggling.

    Operation Guyana Shield was further supported by EL PACCTO 2.0, a European Union-backed cooperation program focused on transnational organized crime, alongside INTERPOL and the Dutch Police’s High Impact Environmental Crime team.

    The operation builds on earlier enforcement actions targeting illegal gold mining in the Amazon basin. In November last year, Brazilian authorities, with INTERPOL support, dismantled hundreds of illegal dredges along the Madeira River in what officials described as a major blow to mining syndicates operating in the region.

    The operation, coordinated by the Amazon International Police Cooperation Centre, disabled 277 dredges valued at an estimated US$6.8 million.

    Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

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    S&P Global: Copper Becoming One of the World’s Most Strategic Commodities

    Investing 5 Mins Read

    Copper’s role in the global economy is entering a new phase.

    A sweeping new outlook from S&P Global frames the metal as a central bottleneck of the electrified future, projecting that global copper demand will rise by roughly 50 percent over the next 15 years, from about 28 million metric tons in 2025 to 42 million metric tons by 2040.

    The challenge, the report warns, is that supply is nowhere near positioned to keep pace.

    Without substantial new investment in mining and processing, S&P Global estimates the market could face a copper shortfall of as much as 10 million metric tons by 2040.

    Four vectors driving demand

    S&P Global groups copper demand growth into four distinct but overlapping “vectors” that together explain the scale and persistence of the coming surge.

    At the core of the demand surge is electrification. The research firm expects global electricity consumption to rise by nearly 50 percent by 2040, outpacing growth in any other form of energy.

    Copper is essential at every stage of that system, from power generation and transmission to end use in buildings, vehicles, and industrial equipment. What has changed in recent years, however, is the pace of electrification and the emergence of new demand vectors layered on top of traditional uses.

    Artificial intelligence (AI) is the most recent and most visible of those new forces. While AI research has been underway for decades, its commercial breakout in late 2022 triggered what many analysts now describe as an “AI arms race,” centered on massive investments in data centers, chips and supporting power infrastructure.

    Data centers are among the most electricity-intensive facilities in the modern economy, and copper is critical to their wiring, cooling systems, and grid connections.

    S&P Global estimates that data centers could account for as much as 14 percent of total US electricity demand by 2030, up from about 5 percent today.

    The knock-on effects are substantial. New data centers require expanded transmission, additional power generation capacity, and increasingly sophisticated cooling systems—all of which are copper-intensive.

    Despite the attention AI is drawing, it is not the single largest driver of copper consumption. Core economic demand, often referred to as “Dr. Copper” because of the metal’s sensitivity to economic health, remains the backbone of the market.

    Construction, machinery, appliances, transportation, and conventional power generation together still account for the largest share of copper use globally. S&P Global forecasts that this traditional demand will grow at about 2 percent annually through 2040, rising from roughly 18 million metric tons in 2025 to around 23 million metric tons.

    Much of that growth is expected to come from developing economies. One striking example cited in the report is cooling: the developing world is projected to add as many as two billion new air conditioners by 2040, each requiring copper.

    In advanced economies such as the US, reshoring of manufacturing and grid upgrades are also contributing to rising copper intensity.

    The energy transition forms the second major pillar of demand growth. Electric vehicles (EVs) require nearly three times as much copper as conventional internal combustion cars, while solar and wind installations are heavily copper-dependent.

    In 2025, more than 90 percent of new global power generation capacity came from solar and wind, according to S&P Global. Battery storage, now a growing feature of electricity systems, adds another layer of copper demand.

    A fourth, less discussed but increasingly important vector is defense. Rising geopolitical tensions and the electrification of military systems are pushing governments to invest heavily in advanced equipment and infrastructure.

    Further, defense-related demand is considered relatively inelastic given national security priorities, and adds further pressure to an already tightening copper balance.

    Supply constraints tightens the outlook

    Geographically, the demand picture is uneven. S&P Global expects China and the broader Asia-Pacific region to account for about 60 percent of incremental copper demand growth through 2040, driven by electric vehicles, renewable power, grid expansion and continued industrialization.

    North America and Europe are also poised for meaningful increases, particularly linked to AI data centers, clean energy deployment and electrification of transport. The Middle East, meanwhile, is forecast to post one of the fastest growth rates in copper demand, reflecting ambitious infrastructure and energy investment plans.

    On the supply side, the outlook is far more constrained. Existing copper mines are aging, ore grades are declining, and new discoveries are becoming harder and more expensive to develop.

    S&P Global notes that the average copper mine now takes about 17 years to move from discovery to production, with permitting delays, environmental reviews and community consultations accounting for much of that timeline.

    Without major new projects, primary mined copper supply is expected to peak around 2030 and then begin to decline.

    Recycling will help, but it is not a silver bullet. Even under aggressive assumptions, secondary supply is projected to meet at most about a quarter to a third of total copper demand by 2040. That leaves a substantial gap that can only be filled through new mine development or significant expansions of existing operations.

    Overall, the report furthers a crucial message going forward: copper is no longer just a cyclical industrial metal, but a strategic asset tied to the future of energy, technology, and national security.

    That demand trajectory, however, is colliding with structural constraints on supply. Mining remains the indispensable foundation of the supply chain, but geology alone will not determine outcomes.

    S&P Global concludes that addressing this imbalance will require greater regional diversification and multilateral cooperation to build a more resilient and environmentally robust copper system.

    Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

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    Nine Mile Metals Announces Completion of DDH WD-25-04, Confirming 40m of Mineralization at Depth

    Investing 6 Mins Read

    NINE MILE METALS LTD. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the ‘Company‘ or ‘Nine Mile‘) is pleased to announce that the 4th drill hole in its Wedge Western Extension Drill Program (DDH-WD-25-04) has been completed.

    • DDH WD-25-04 was collared on the same drill pad as WD-25-01 and drilled at an azimuth of 335 degrees and a dip of -60 degrees to a final depth of 239 meters to expand the mineralization in WD-25-01 at depth.
    • DDH WD-25-04 was successful, with 40m of mineralization, first intersected at 158 meters and continuing to approximately 198 meters. Once again, secondary Copper, both Covellite and Bornite was present in the hole.
    • At 158 meters, copper bearing sulphides (VMS – Cu-Pb-Zn-Ag-Au) was found in contact with sheared, graphitic sediments.
    • Between 162.0 and 183 meters, the drill hole intersected a sequence of sheared silicified volcanics (rhyolite) with parallel bands of 5 – 8% sulphides including pyrite and chalcopyrite.
    • At 183 meters, the volume of sulphides increases to 50- 60% with visible pyrite and chalcopyrite, the contrast in mineralization styles shown in Figure 1, the chalcopyrite occurring as both mineralized bands and as disseminations Figure 3.
    • The sulphide mineralization in the drill hole occurs within silicified volcanics, the base of section brecciated before transitioning to sediments.

    FIGURE 1: Cu bearing VMS mineralization.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/7335/281206_0e26c4f324bc2989_002full.jpg

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/7335/281206_0e26c4f324bc2989_003full.jpg

    FIGURE 2: Chalcopyrite (CuFeS2) and Covellite (CuS) mineralization.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/7335/281206_0e26c4f324bc2989_004full.jpg

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/7335/281206_0e26c4f324bc2989_005full.jpg

    Gary Lohman, VP Exploration, Director, stated, ‘Drilling continues to intersect massive to semi massive copper bearing mineralization in the western portion of the Wedge. The mineralized sheared rhyolite encountered in the drill hole is significant, now appearing in numerous holes with variable amounts of Cu bearing sulphides. Again, the presence of Covellite +/- Bornite confirms the presence of a significant Cu bearing system. When modeled, this unit will assist in targeting future drill holes since it is generally flanked by massive VMS.’

    FIGURE 3: Chalcopyrite occuring both mineralized bands and dissminations (top), VMS mineralization (bottom).

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/7335/281206_0e26c4f324bc2989_006full.jpg

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/7335/281206_0e26c4f324bc2989_007full.jpg

    Patrick J Cruickshank, CEO & Director, stated, ‘Our drill program successes continue with this 40m intersect of mineralization in this 4th drill hole WD-25-04. This is the 4th Hole of a planned 7, designed by our Technical Team headed by Mike Dufresne and Gary Lohman. The programs successes to date displays the hard work from all the 3D modelling of historical data, new geophysical work by our team and most important, our compilation, interpretation and hours of consultations with experts such as Jim Walker, PhD, from the ever-supportive NB DEM Team in Bathurst. Our Team is already laying the groundwork for the 2nd Phase of the Wedge program and the Tribag, West Wedge Program for this spring, testing this string of anomalies stretching over 6 kms west of our Wedge Deposit. The closing of our oversubscribed Financing ensures an extensive 2026-2027 Exploration Program at all four projects in our portfolio including our return to Nine Mile Brook. Our financial strength should allow us to have a lengthy program this year with the luxury of not having to raise for the foreseeable future reducing dilution risk for our shareholders. We look forward to continuing to update our shareholders with the completion of this program and the release of our Certified Assays.’

    FIGURE 4: Grey, Silicified Rhyolite, an important host of mineralization in the VMS System in the BMC.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/7335/281206_0e26c4f324bc2989_008full.jpg

    FIGURE 5: Drill Hole Location, WD-25-04

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/7335/281206_0e26c4f324bc2989_009full.jpg

    All drill core has been measured, logged, photographed, marked, and cut for sampling at the company’s warehouse in Bathurst, New Brunswick. A quick XRF analysis was also completed for sulphide confirmation – filtering and width identification in definition for sampling core for ALS Global. A total of (57) samples have been identified for Base and Precious Metals analysis, including Antimony, and have been shipped to ALSGlobal, Moncton, New Brunswick for Rush processing.

    The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’) and reviewed and approved by Gary Lohman, B.Sc., PGO., VP Exploration and Director who acts as the Company’s Qualified Person, and is not independent of the Company.

    About Nine Mile Metals Ltd.:

    Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Wedge VMS Project, Nine Mile Brook VMS Project, California Lake VMS Project, and the Canoe Landing Lake (East – West) VMS Project. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.

    ON BEHALF OF NINE MILE METALS LTD.,

    ‘Patrick J Cruickshank, MBA’
    CEO and Director
    T: +1.506-800-0581
    E: info@ninemilemetals.com

    This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as ‘will,’ ‘may,’ ‘would,’ ‘expect,’ ‘intend,’ ‘plan,’ ‘seek,’ ‘anticipate,’ ‘believe,’ ‘estimate,’ ‘predict,’ ‘potential,’ ‘continue,’ ‘likely,’ ‘could’ and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) prior to commencing the 2023 exploration drill program, the ground will be mapped at surface and representative samples analyzed to determine the base and precious metal assay values, (b) the Ag and Au values will be reported upon receipt of the certified assay results from ALS Global, and (c) our current financial raise will enable us to drill the Wedge Project (along with our Canoe Landing VMS Project and follow up exploration work on our California Lake VMS Project) this season as opposed to next year. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.

    Source

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