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Statistics Canada released November’s gross domestic product (GDP) data on Friday (January 30). The numbers show that the economy remained flat overall with the prior month, following a 0.3 percent decline in October.

The goods-producing industries fell by 0.3 percent in November, weighed down by a 1.3 percent contraction in manufacturing and a 2.1 percent decline in wholesale trade amid ongoing trade tensions between Canada and the United States.

Declines were offset by increases to the retail trade sector, which grew 1.3 percent alongside a 0.9 percent increase to the transportation and warehousing sector.

The release also included advanced data for December that shows real GDP increased by 0.1 percent. Although the data for the month are preliminary, they point to a 0.1 percent contraction in the fourth quarter and a 1.3 percent annual gain in 2025.

This week also marked the first rate-setting meetings of 2026 by the Bank of Canada and the US Federal Reserve.

Both central banks decided to keep their rates unchanged. On Wednesday (January 28), the BoC reported it would maintain its benchmark rate at 2.25 percent. In its announcement, the bank said the outlook remains little changed from its October projection but noted it is vulnerable to evolving US trade policy and geopolitical risks.

South of the border, the Fed held its Federal Fund Rate at 3.25 percent to 3.75 percent. In its announcement, the Fed shared similar sentiments, suggesting that uncertainty remained elevated.

Against that backdrop, gold and silver experienced significant volatility this week, with prices for both metals dropping on Thursday (January 29). Gold fell from above US$5,500 toward the US$5,100 mark during the first hour of trading on US markets, while silver fell from the US$120 mark to around US$108.

Both metals rebounded on the day, posting slight losses from their opening levels, but on Friday prices collapsed further, with gold trading below US$4,800 and silver approaching US$80 in morning trading.

For more on what’s moving markets this week, check out our top market news round-up.

Markets and commodities react

Canadian equity markets were in retreat to end the week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) lost 3.4 percent over the week to close Friday at 31,923.52, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) fared worse, shedding 8.15 percent to 1,051.08. The CSE Composite Index (CSE:CSECOMP) dropped 9.54 percent to 169.92.

The gold price saw significant declines from mid-week highs, losing 9.76 percent during Friday’s trading day. However, it fell just 1.76 percent from the week’s start to close at US$4,840.76 per ounce on Friday at 4:00 p.m. EST.

The silver price fared even worse, plummeting 28.17 percent on Friday, and closing the week 13.62 percent lower overall at US$83.43 on Friday.

In base metals, the Comex copper price recorded a 1.32 percent drop this week to US$5.98.

On the other hand, the S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) was up 4.24 percent to end Friday at 598.20.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stocks data for this article was retrieved at 2:00 p.m. EST on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Vanguard Mining (CSE:UUU)

Weekly gain: 141.18 percent
Market cap: C$29.82 million
Share price: C$0.41

Vanguard Mining is an exploration company working to advance a portfolio of uranium, copper and nickel assets in Canada and Paraguay. Its flagship project is the Yuty Prometeo uranium project in Paraguay.

Among its properties is the Redonda copper and molybdenum project near Campbell River, British Columbia. The site consists of nine mineral claims covering 2,746 hectares and hosts porphyry-style mineralization.

On Tuesday (January 27), Vanguard announced plans for its phase 2 drill program at Redonda, comprising up to 7 holes totaling 2,800 meters, targeting areas in the southeast portion of the property between historic drill holes.

The company also said it would conduct detailed mapping and prospecting in the northern and western portions of Redonda to identify additional priority drill targets and would use phase 1 results to refine targeting.

The program is being advanced quickly to build on drilling results that “confirmed a significantly expanded copper-molybdenum mineralized system at Redonda,” the company said.

2. San Lorenzo Gold (TSXV:SLG)

Weekly gain: 85.6 percent
Market cap: C$185.63 million
Share price: C$2.32

San Lorenzo Gold is an exploration company working to advance its Salvadora project in the Chañaral province of Chile.

The property consists of 25 exploration and nine exploitation concessions covering an area of 8,796 hectares. It hosts a large copper and gold porphyry system with several significant targets. According to the project page, the site geology resembles that of the nearby Codelco-owned Salvador copper mine, which has operated since the early 1950s and is expected to continue until the mid-2060s following an expansion.

On January 26, San Lorenzo provided assay results from the first hole of a drilling program at the Cerro Blanco target at Salvadora. The hole was drilled to a depth of 472 meters, of which it encountered 222.4 meters of mineralization across five sections. The widest interval graded 1.09 grams per metric ton (g/t) gold over 132.2 meters from a depth of 201.5 meters.

The company said it believes the mineralization represents the upper level of a porphyry system and that it suggests a continuation of the system encountered during drilling at the site in 2025.

3. Ameriwest Critical Metals (CSE:AWCM)

Weekly gain: 75.76 percent
Market cap: C$14.69 million
Share price: C$0.58

Ameriwest Critical Minerals is an exploration company with a portfolio of assets in British Columbia, Canada, as well as the US states of Nevada, Oregon and Arizona.

The company announced in August that it was changing its name from Ameriwest Lithium to better reflect a portfolio diversifying into copper and rare earth minerals.

In October 2025, Ameriwest entered into a definitive agreement for the option and potential purchase of the Xeno RAR rare earth mineral claims in British Columbia. Under the terms of the deal, Ameriwest will pay C$55,000 in cash considerations, C$125,000 in exploration expenses over 18 months, a 2 percent net smelter return royalty and 2 million shares.

Then, in November, the company completed the acquisition of 34 unpatented mineral claims in Oregon that form the Bornite copper project in exchange for US$100,000 and a 2 percent net smelter return royalty.

Previous exploration of the Bornite property by Plexus in the 1990s identified a historic resource of 138.5 million pounds of copper, 54,000 ounces of gold and 1.7 million ounces of silver from 3.2 million metric tons of ore. Ameriwest’s current CEO was part of the Plexus team who explored Bornite.

In addition to its recently acquired properties, Ameriwest also owns the Thompson Valley lithium project in Arizona and the Railroad Valley lithium project in Nevada.

The most recent news from the company came on January 20, when it upsized a non-brokered private placement from C$2 million to C$3 million. The company said proceeds would be used to accelerate exploration efforts at its Bornite project.

In the release, Ameriwest says its long-term goal at the project, if results, financing and permitting are successful, is “evaluating the development of an approximately 1,000-tonne-per-day underground copper mining operation.”

4. Tectonic Metals (TSXV:TECT)

Weekly gain: 61.78 percent
Market cap: C$217.87 million
Share price: C$2.54

Tectonic Metals is a gold exploration company working to advance the Flat project in Alaska, US.

The project covers 98,840 acres in Western Alaska and hosts a reduced intrusion-related gold system and six district-scale targets. According to Tectonic, the mineralization is analogous to Kinross Gold’s (TSX:K,NYSE:KGC) Fort Knox mine in Eastern Alaska.

Among the targets is the Chicken Mountain intrusion, where exploration has identified 3 kilometers of mineral strike that remains open in all directions. Each of the 87 holes drilled at Chicken Mountain have intercepted gold.

The most recent update from the Flat project came on Thursday, when Tectonic announced results from 20 drill holes across four target areas.

Most significantly, its first drilling at the Black Creek intrusion, located 6 kilometers north of Chicken Mountain, discovered a new gold zone. The discovery hole, which started from surface, returned grades of 4.5 g/t gold over 48.77 meters. This included a core interval of 7.79 g/t over 24.38 meters, inside of which was a 6.1 meter interval grading 15.19 g/t.

The company said drilling has now confirmed gold mineralization across five intrusion targets: Chicken Mountain, Alpha Bowl, Golden Apex, Black Creek and Jam. It also said that results from 14 other holes are still pending.

5. Golden Lake Exploration (CSE:GLM)

Weekly gain: 60 percent
Market cap: C$12.48 million
Share price: C$0.12

Golden Lake Exploration is a gold exploration company that owns the Jewel Ridge gold project in Nevada, United States.

The project sits along the prolific Battle Mountain–Eureka Gold trend, which has produced more than 40 million ounces to date and hosts operations from McEwen Mining (TSX:MUX,NYSE:MUX) and North Peak Resources.

More than 700 meters of strike have been identified on the property across three primary targets: Eureka Tunnel, Jewel Ridge and Hamburg.

On Wednesday, Golden Lake announced that it had entered into a definitive agreement to be wholly acquired by McEwen Mining and become its subsidiary. Among the highlights of the deal is the ability for Jewel Ridge to be integrated into McEwen’s neighboring Gold Bar mine complex, providing access to infrastructure and funding.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of December 2025, 898 mining companies and 71 oil and gas companies are listed on the TSXV, combining for more than 60 percent of the 1,531 total companies listed on the exchange.

As for the TSX, it is home to 175 mining companies and 51 oil and gas companies. The exchange has 2,089 companies listed on it in total.

Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

Investor Insight

Sranan Gold offers early-stage exposure to a high-impact gold discovery in Suriname’s Guiana Shield, one of the world’s most underexplored gold belts. Backed by the same technical team behind some of the region’s largest gold discoveries, Sranan is a high-leverage discovery story in a mining-friendly jurisdiction, now with demonstrated drill-confirmed continuity and growing scale at its flagship project.

Overview

Sranan Gold (CSE:SRAN,OTCQB:SRANF,FSE:P84) is a junior gold explorer operating in Suriname, a South American nation producing more than 600,000 ounces of gold annually. The company’s flagship 29,000-hectare Tapanahony gold project is located within the prolific Guiana Shield, one of the world’s most prospective yet underexplored gold provinces.

The 29,000-hectare Tapanahony project covers one of the oldest and largest small-scale mining areas in Suriname.

The project overlays a historic mining belt with strong geochemical and structural indicators. Sranan’s objective is to convert extensive local mining activity, legacy drilling and modern datasets into an inaugural gold resource along the 4.5 km Poeketi–Randy mineralized corridor.

Following systematic trenching and drilling in 2025, the company has confirmed a large, structurally controlled orogenic gold system extending from saprolite into fresh bedrock. With drilling resuming in 2026, Sranan is focused on expanding known mineralization, testing parallel shear zones identified by LiDAR and geophysics, and advancing toward resource definition.

Company Highlights

  • District-scale land position: The 29,000-hectare Tapanahony Project covers one of Suriname’s oldest and most productive artisanal gold districts within the underexplored Guiana Shield.
  • Active drilling with demonstrated continuity: A 4,189-metre drill program completed in 2025 confirmed a broad, shear-hosted gold system, expanding defined mineralization at Randy’s Pit to over 800 metres within the 4.5 km Poeketi–Randy trend. Drilling resumed in January 2026.
  • High-grade discovery momentum: Recent drilling has delivered wide, high-grade intercepts, including 64 m at 3 grams per ton (g/t) gold and 11 m at 7.33 g/t gold, confirming strong vertical and lateral continuity.
  • World-class discovery pedigree: The technical team has been directly involved in major regional discoveries, including Merian (7 Moz), Rosebel (13.7 Moz), and Saramacca (1.5 Moz).
  • Deep in-country knowledge: Locally trained geologists with decades of experience in Suriname provide a strong operational and geological advantage.

Key Project

Tapanahony Gold Project

Suriname and Guiana Shield

The Tapanahony gold project is Sranan’s flagship asset, covering 29,000 hectares in southeastern Suriname. The project lies within the Paleoproterozoic Guiana Shield, which hosts multiple Tier-1 gold systems. The property is situated at the intersection of a regional NW-striking structural corridor crosscut by penetrative NE–SW fabrics, creating excellent ground preparation for high-grade, shear-hosted gold mineralization. These relationships are clearly defined in LiDAR and aeromagnetic datasets.

Artisanal miners have historically exploited saprolite-hosted gold along the Poeketi–Randy trend. Sranan’s exploration strategy has been to systematically transition this surface production into a drill-defined hard-rock system. Historical exploration exceeds US$10 million, including soil geochemistry, auger programs and approximately 4,000 metres of diamond drilling by IAMGOLD, which intersected significant gold mineralization and validated the structural model.

Sample collected from the Tapanahony project’s Poeketi Pit in 2021

In 2025, Sranan advanced the project from surface sampling and trenching into systematic diamond drilling. Trenching confirmed near-surface continuity with results including 5 m at 36.7 g/t gold and 5 m at 8.9 g/t gold, extending mineralization beyond known artisanal workings. Subsequent drilling intersected wide zones of gold mineralization in both saprolite and fresh basaltic host rocks, confirming a 50 to 150 m wide mineralized shear corridor.

By year-end 2025, drilling had expanded the defined mineralized strike at Randy’s Pit to over 800 metres, with mineralization remaining open along strike and at depth and forming part of the broader 4.5 km Randy–Poeketi trend. Drilling resumed in January 2026 to continue step-out testing, define additional high-grade shoots, and evaluate shallow open-pittable potential.

LiDAR interpretation has also identified three parallel mineralized corridors and multiple targets in the western lobe of the concession, where soil geochemistry and small-scale mining suggest additional discovery potential. These areas represent priority targets for ongoing drilling and future expansion of the project footprint.

Management Team

Oscar Louzada – CEO and Director

Fluent in Dutch and active in Suriname for over a decade, Oscar Louzada has taken two Suriname-based exploration companies to IPO (Sela Kriki and Nassau, now Miata Metals). With 25+ years’ experience in natural resources finance (Canaccord, Investec), he brings capital markets depth and local execution credibility.

Dennis LaPoint – EVP, Exploration and Corporate Development

Dennis LaPoint is a veteran geologist with 35+ years’ experience. LaPoint discovered Merian (Newmont, 7 Moz) and oversaw major exploration programs at Rosebel and Omai. He leads strategy and resource targeting, and sits on multiple boards, including ASBOG. He also teaches geology at Anton de Kom University in Paramaribo in Suriname.

Rayiez Bhoelan – VP, Exploration

A Surinamese national and key member of the Saramacca discovery team (IAMGOLD, 1.5 Moz), Rayiez Bhoelan specializes in regolith geology and shear zone mapping. He has worked across the Guiana Shield at Omai and Founders Metals, and lectures locally on geochemistry.

Mario Stifano – Director and Audit Chair

Mario Stifano is a CPA and seasoned mining executive with prior leadership roles at Cordoba Minerals, Lake Shore Gold and Galantas Gold. He led the 2020 acquisition and re-listing of Omai Gold Mines in Guyana.

John Alcock – Director and CFO

John Alcock is a chartered professional accountant with over 30 years’ experience as an accounting and financial professional and an investor in the junior mining sector. He currently serves on the board of Altiplano Metals.

Ron Shenton – Director

Ron Shenton is a capital markets professional with 40 years’ experience. He is the founder of several public companies and has served as CEO/director, leading investor relations, public relations and capital raising across multiple sectors including mining exploration.

This post appeared first on investingnews.com

Global gold demand surged past 5,000 tons in 2025 for the first time on record driven by a historic wave of investment inflows and sustained central bank buying, according to the World Gold Council’s (WGC) latest Gold Demand Trends report.

Total gold demand, including over-the-counter transactions, exceeded the 5,000-ton threshold as investors, institutions, and official buyers responded to geopolitical risk, falling real rates, and growing uncertainty across bond and equity markets.

Combined with a year of relentless price gains, the surge pushed the total value of global gold demand to a record US$555 billion, up 45 percent year-on-year.

Consequently, gold prices themselves rewrote the record books. The LBMA PM gold price set 53 new all-time highs during 2025, with the average price in the fourth quarter climbing to US$4,135 per ounce, up 55 percent from a year earlier.

Investment demand dominates, central banks remain a critical anchor

The WGC reported that investment demand was the primary driver of growth, accounting for the bulk of incremental buying during the year.

Global gold exchange-traded funds recorded net inflows of 801 tons in 2025, the second-strongest annual increase on record, which reversed years of subdued ETF participation.

At the same time, bar and coin demand accelerated sharply. Demand rose to a 12-year high as retail and high-net-worth investors sought safe-haven exposure in the midst of persistent geopolitical tensions and uncertainty around monetary policy trajectories.

That momentum carried into the final months of the year. Total fourth-quarter gold demand reached 1,303 tons, the highest ever recorded for a fourth quarter, further supported by ETF inflows of 175 tons and bar and coin buying of 420 tons.

Meanwhile, central banks continued to provide a firm foundation for demand even as purchases eased modestly from the extraordinary levels of recent years.

According to the report, net official-sector buying reached 863 tons in 2025, remaining historically elevated but below the more than 1,000 tons added in each of the previous three years. In the fourth quarter, buying accelerated with central banks purchasing 230 tons, up 6 percent quarter-on-quarter.

For instance, the National Bank of Poland emerged as the largest buyer for the second consecutive year, adding 102 tons in 2025 and lifting its gold reserves to 550 tons. Gold now accounts for 28 percent of Poland’s total reserves, approaching its revised 30 percent allocation target.

In January, the bank’s governor signaled an intention to increase reserves further to 700 tons, citing national security considerations.

Supply growth muted, technology demand holds steady

On the supply side, the response to soaring prices remained unexpectedly subdued. Total gold supply rose just 1 percent year-on-year to 5,002 tons, the highest level in the WGC’s annual data series dating back to 1970.

Mine production inched up to an estimated 3,672 tons, potentially setting a new record, while recycling increased only 3 percent to 1,404 tons. This was a muted reaction given the 67 percent rise in the US-dollar gold price.

The council explained the weak recycling response reflected the absence of economic distress, expectations of further price appreciation, and structural behaviours in key markets. This included the use of gold as collateral and the prevalence of trade-in transactions rather than outright selling.

Meanwhile, gold demand in the technology sector remained broadly stable at 323 tons for the year, supported by continued growth in artificial-intelligence-related applications.

The AI boom increased demand for high-speed computing and data-center infrastructure. However, the report also noted that rising gold prices continued to push manufacturers toward thrifting, substitution, and research into alternative materials.

From a commodity to a strategic asset

Overall, 2025 marked an evolution of how industry stakeholders view the metal in relation to changing market dynamics.

Randy Smallwood, president and chief executive officer of Wheaton Precious Metals (TSX:WPM,NYSE:WPM) said investors are increasingly recognising gold as a monetary asset rather than a cyclical commodity.

“For the last 40 years, we’ve thought of gold as a commodity,” Smallwood said. “We forgot that it’s a currency, and it is a currency,” said Randy Smallwood, president and chief executive officer of Wheaton Precious Metals, in a fireside chat at the Vancouver Resource Investment Conference (VRIC).

“The mining industry doesn’t have an impact on pricing. Doesn’t have an impact on value. It is a currency. It has been a currency for thousands of years,” he added, further noting that new mine supply adds only less than 2 percent annually to the total stock of gold held globally

Smallwood, as well as the council, expects many of the forces that drove 2025’s record demand to remain in place.

“We still see continued strength and appetite for swapping out US dollars, treasuries, whatever you want to call it, any exposure towards gold,” he said. “And that’s not going away.”

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

This post appeared first on investingnews.com

(TheNewswire)

                  

GRANDE PRAIRIE, ALBERTA TheNewswire – (January 30, 2026): Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) announces the voting results from its Annual General Meeting of Shareholders (the ‘Meeting’), held on Thursday, January 29, 2026, including the appointment of Dr. David Johnson to the Board of Directors of the Company.

 

All resolutions presented to the Shareholders were approved. Each of the resolutions are explained in detail in the Management Information Circular published in connection with the Meeting. It is available for reference on the Company’s website https://angkorresources.com.

 

A total of 96,855,431 common shares, representing approximately 47.78 % of the Company’s outstanding common shares, were voted in person and by proxy at the Meeting. Shareholders voted in favour of:

 

  • Reappointing Davidson Company LLP, Chartered Professional Accountants auditors of the Company; 

 

  • Setting the number of directors at six, with the following six nominees elected as directors: Russ Tynan, Mike Weeks, Terry Mereniuk, Ken Booth, Grant T. Smith and Dr. David Johnson; 

 

  • Approving the Company’s Rolling stock option plan; and 

 

  • Approving the sale of the Corporation’s 40% participating interest (the ‘Assets‘) in the Evesham Macklin oil and gas lands in Saskatchewan to an arm’s length party (the ‘Purchaser‘) at a fair market value sale price of $4,800,000 (the ‘Purchase Price‘) 

 

  The sale of the oil and gas assets was a strategic decision that removed a debt of $3,800,000 off the books and provided the Company with $1,000,000 in net proceeds. The original Letter of Intent and announcement is provided here:  Angkor Resources SIGNS LETTER OF INTENT TO SELL EVESHAM OIL PRODUCTION – Angkor Resources Corp.  Because it was a fundamental transaction, approval from shareholders was required at the AGM and over 99% of the voters were in favor of the transaction.  The Company wanted to push its resources into the Cambodian onshore Block VIII Project for potential growth of the Company.

 

Delayne Weeks, CEO, commented ‘On behalf of the Company, I would like to thank shareholders for their participation and continuing support. We welcome Dr. Johnson to the Board.’

 

Dr. David Johnson is a geoscientist with more than 40 years of Global, Canadian Frontier, and Western Canadian exploration and production (E&P) experience covering petroleum, natural gas and helium. In positions of progressive responsibility, David has worked for Shell, Exxon Production Research, ExxonMobil Exploration, Husky Energy, the Kuwait Oil Company, and KUFPEC. Dr. Johnson has executive, business development, operations, geoscience research, and technical E&P experience covering more than 40 petroleum jurisdictions in Europe, Africa, Asia, and the Americas. He has led bid-round acquisitions of more than 20 Production Sharing Agreements (PSA’s) and exploration licenses (EL’s); and made significant discoveries in the South China Sea, the Canadian Frontiers and Western Canada.

 

Dr. Johnson received a BSc in Geology from the University of Calgary, and a PhD in Geological Oceanography from Dalhousie University and joins the Board of Directors of the Company following the AGM Jan. 29 2026.

 

The Company also notes that Steve Cochrane, and Scott Smith, long-time directors of Angkor, retired effective today’s meeting.  We want to acknowledge their contributions and outstanding service to the Company.  Both expressed their ongoing support of Angkor’s success.

ABOUT Angkor Resources CORPORATION:

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Cambodia.  

The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in Cambodia with multiple prospects in copper and gold.  Both licenses are in their first two-year renewal term.    

Its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometres in the southwest quadrant of Cambodia called Block VIII.   The company then removed all parks and protected areas and added 220 square kilometres, making the license area just over 4095 square kilometres.  EnerCam is actively advancing oil and gas exploration activities onshore to meet its mission to prove Cambodia as an oil and gas producing Nation.  Having completed seismic in 2025, the Company looks to identify drill targets and advance to drilling Cambodia’s first onshore oil & gas exploratory wells shortly thereafter.

CONTACT:   Delayne Weeks – CEO

Email:-   info@angkorresources.com   Website: angkorresources.com  

Telephone: +1 (780) 568-3801

Please follow @AngkorResources on , , , Instagram and .

 

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

_____________________________________

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the anticipated benefits of new leadership expertise, and the Company’s plans to develop its resources and create shareholder value.

In making the forward-looking statements in this news release, the Company has applied certain material assumptions, including without limitation, that the Company will successfully advance the development of its resources and that such efforts will result in creating shareholder value.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that the Company will not advance the development of its resources and that the Company will not create shareholder value.

 

Copyright (c) 2026 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Uranium prices surged back above US$100 a pound this week, extending a year-long rally that is reshaping the uranium market after more than a decade of underinvestment.

Spot price of uranium climbed US$7.75 to US$101 a pound after the Sprott Physical Uranium Trust (TSX:U.U,OTCQX:SRUUF,OTCQX:SRUUF) disclosed it had purchased 500,000 pounds of uranium and raised US$214 million through a share issuance, lifting its available cash to US$323 million.

Expectations that the fund will deploy that capital rapidly into further uranium purchases helped push prices back above the psychologically important US$100 mark, a level not consistently seen since 2007.

“Sprott has now built a pretty serious war chest to buy some pounds, so it’s come into this year preloaded with cash,” Guy Keller, portfolio manager of Tribeca’s Nuclear Energy Opportunities Strategy, told the Australian Financial Review.

“We’ve now entered a new range for the spot price and I think it’s safe to say that US$100 a pound is a new floor which should hold for the next 12 months and the next question is, where does it stop?”

Spot prices catch up to contract reality

Spot uranium one-year price performance.

Chart via Trading Economics

While the move above US$100 grabbed headlines, there have already been previous remarks that claimed uranium has already been trading at triple-digit prices away from public benchmarks.

Earlier this January, Cameco (TSX:CCO,NYSE:CCJ) president and chief operating officer Grant Isaac told the Goldman Sachs Energy, CleanTech & Utilities Conference that most new uranium contracts already imply prices well above published spot levels.

“We’ve had market-related contracts with floors, escalated floors in the mid-70s. We’ve had ceilings as high as US$150 escalated,” Isaac said. “The midpoint between those floors and the ceilings are already US$100 uranium, US$115 uranium.”

Isaac said around 70 percent of uranium contracting last year occurred through market-related agreements that are not fully reflected in reported benchmarks. This meant that utilities are already budgeting for significantly higher prices than spot data suggests.

He also warned that conventional demand forecasts materially understate future uranium needs, as they exclude reactors that have not yet reached final investment decision.

“The demand forecast that most have out there… we believe they’re actually understating demand,” he said, pointing to new build programs in the US, Eastern Europe and Asia, as well as rising electricity demand from data centers and artificial intelligence infrastructure.

Sovereign contracting is also returning as a market force. Isaac referenced reports from last year that Canada and India are close to finalizing a 10-year uranium supply agreement with Cameco worth US$2.8 billion.

Supply deficit setting up a “breakout year”

The price rally also supports growing consensus that uranium supply cannot respond quickly enough to rising demand.

A research report published this week by Teniz Capital said the global uranium market has entered a structural deficit phase that cannot be resolved within the next decade.

The firm argued that the long lead times required to bring new uranium projects into production—often 10 to 20 years from discovery to first output—mean that supply shortages expected in the 2030s are already effectively locked in.

“The supply deficit in the 2030s is already programmed,” the report said, describing the current market as having reached a “tipping point” where utilities that fail to secure long-term contracts today risk facing acute shortages later in the decade.

The report estimates global uranium demand to rise by about 28 percent by 2030 and more than double by 2040, driven by reactor construction in China and India, renewed Western support for nuclear power, and rapidly rising electricity demand from data centers and AI infrastructure.

David Franklyn, portfolio manager at Argonaut, also believes uranium could be heading for a “breakout year”.

“We believe the demand-supply balance has continued to improve with most major global economies now looking for nuclear power to be a component of their base load power mix,” Franklyn remarked.

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

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Nuvau Minerals Inc. (TSXV: NMC,OTC:NMCPF) (the ‘Company’ or ‘Nuvau’) is pleased to announce that it has entered into an agreement with Clarus Securities Inc. and Integrity Capital Group Inc., as co-lead agents and co-lead bookrunners (collectively, the ‘Agents’), in connection with a proposed ‘best efforts’ brokered private placement for aggregate gross proceeds of up to $20,000,000, comprised of the offer and sale of up to (i) 18,750,000 units of the Company (each, a ‘Unit’), at a price of $0.80 per Unit, for gross proceeds of up to $15,000,000, and (ii) 5,000,000 flow-through shares of the Company (each, a ‘FT Share’), at a price of $1.00 per FT Share, for gross proceeds of up to $5,000,000 (together, the ‘Offering’). The Agents will have an option (the ‘Agent’s Option’), exercisable in whole or in part up to 48 hours prior to the Closing Date (as defined herein), to offer for sale up to any combination of additional Units, Common Shares andor Warrants to raise up to an additional $5,000,000 in gross proceeds.

Each Unit will consist of one common share of the Company (each, a ‘Common Share‘) and one-half of one transferrable common share purchase warrant of the Company (each whole warrant, a ‘Warrant‘), with each Warrant entitling the holder thereof to purchase one Common Share at a price of $1.30 per Common Share for a period of 36 months following the closing of the Offering. All FT Shares will be Common Shares that qualify as ‘flow-through shares’ within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the ‘ITA‘) [and section 359.1 of the Taxation Act (Québec)].

The Company intends to use the proceeds of the Offering for working capital and general corporate purposes and for the completion of exploration and development activities at its Matagami property. The gross proceeds from the offering of FT Shares will be used by the Company to incur eligible ‘Canadian exploration expenses’, some portion of which may qualify as ‘flow-through critical mineral mining expenditures’, (as both terms are defined in the ITA) (the ‘Qualifying Expenditures‘) on or before December 31, 2027, which Qualifying Expenditures will be renounced in favour of the subscribers of the FT Shares with an effective date on or before December 31, 2026.

The Units and FT Shares are to be offered for sale by way of private placement in all the provinces of Canada, pursuant to applicable prospectus exemptions under National Instrument 45-106 – Prospectus Exemptions. The Agents will also be entitled to offer the Units for sale to eligible purchasers resident in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), and in those other jurisdictions outside of Canada and the United States provided that such offer and sale does not require the filing of a prospectus or registration statements, or comparable obligation arises in such other jurisdiction.

In consideration for the Agents’ services, the Company will pay to the Agents on the Closing Date a cash commission equal to 6.0% of the gross proceeds of the Offering (including any gross proceeds raised pursuant to the exercise of the Agents’ Option) (the ‘Cash Fee‘); provided that such Cash Fee shall be reduced to 3.0% in respect of the gross proceeds raised from sales to purchasers included on a president’s list to be formed by the Company in consultation with the Agents (the ‘President’s List Purchasers‘). In addition, the Company shall issue to the Agents on the Closing Date, such number of non-transferable compensation options of the Company (the ‘Compensation Options‘) as is equal to 6.0% of the aggregate number of Units and FT Shares sold under the Offering (including pursuant to exercise of the Agents’ Option); provided that such number of Compensation Options shall be reduced to 3.0% of Units and FT Shares sold to subscribers of the President’s List. Each Compensation Option will entitle the holder thereof to purchase one Unit at the Offering Price, at any time and from time to time for a period of 36 months following the Closing Date.

Closing of the Offering is expected to take place on or about February 19, 2026 (the ‘Closing Date‘), and is subject to certain conditions including, but not limited to, the conditional approval of the TSX Venture Exchange. All securities issued under the Offering will be subject to a hold period expiring four months and one day from the Closing Date.

The securities offered have not been registered under the U.S. Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Nuvau

Nuvau is a Canadian mining company, incorporated under the OBCA, currently in the exploration and development phase. Nuvau’s principal asset is its right to earn-in a 100% undivided interest from Glencore in the Matagami property located in Abitibi region of central Québec, Canada pursuant to an amended and restated earn-in agreement dated January 28, 2026 among Nuvau, Nuvau Minerals Corp. and Glencore.

Cautionary Statements

This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements‘) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning the timing and ability of the Company to close the Offering on the terms announced, the proposed use of proceeds of the Offering, the Company’s ability to incur Qualifying Expenditures and renounce the Qualifying Expenditures to subscribers, and the Company’s ability to obtain exchange approval for the Offering. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company and the Matagami Property. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

Further Information

All information contained in this news release with respect to the Company was supplied by the respective party for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party.

For further information please contact:

Nuvau Minerals Inc.
Peter Van Alphen
President and CEO
Telephone: 416-525-6023
Email: pvanalphen@nuvauminerals.com

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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm.

‘The reductions we are making today will impact approximately 16,000 roles across Amazon, and we’re again working hard to support everyone whose role is impacted,’ Beth Galetti, Amazon’s senior vice president of people experience and technology, said in a memo to employees.

‘That starts with offering most US-based employees 90 days to look for a new role internally,’ she said. Amazon will ‘continue hiring and investing in strategic areas and functions that are critical to our future.’

Galetti said the cuts would ‘strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy.’

In October, Amazon cut 14,000 jobs primarily at the corporate level. At the time, Galetti cited artificial intelligence as being the “most transformative technology we’ve seen since the internet.”

Amazon has 1.55 million employees worldwide, the company said in a filing last year.

It said Tuesday that it would close some of its Amazon Go and Amazon Fresh physical stores, planning to convert some into Whole Foods Market stores.

While AI was not explicitly cited in Wednesday’s note to Amazon workers, the cuts come as workers nationwide brace for the impact of artificial intelligence in a sluggish labor market.

Companies have started citing ‘efficiency’ as they pursue the implementation of AI.

On Monday, Goldman Sachs CEO David Solomon said that his firm’s headcount would be ‘more constrained in 2026’ as the company sees ‘opportunities for efficiency and we try to deploy those.’

On Tuesday, Pinterest said it would cut 15% of its workforce as it pivoted ‘resources to AI-focused roles and teams that drive AI adoption and execution.’

Last year, Microsoft said it was eliminating 9,000 jobs to improve efficiency. Target also cut 1,800 corporate jobs to reduce ‘complexity.’ Instagram and Facebook owner Meta Platforms also reduced its workforce by around 600 jobs as it shifted toward artificial intelligence.

At the same time, hiring nationwide is slowing and inflation remains elevated.

After three months of contraction last year, the U.S. economy added only 56,000 jobs in November and just 50,000 in December. Meanwhile, inflation remains at 2.7%, well above the Federal Reserve’s target of 2%.

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Silverco Mining Ltd. (TSXV: SICO,OTC:QTZCF) (‘Silverco’ or the ‘Company’) is pleased to announce that it has entered into an agreement with Velocity Capital Partners (‘Velocity’), as lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters (collectively, with Velocity, the ‘Underwriters’), pursuant to which the Underwriters have agreed to purchase, on a ‘bought deal’ basis, 3,200,000 common shares of the Company (the ‘Offered Shares’) at a price of $12.50 per Offered Share (the ‘Issue Price’) for aggregate gross proceeds to the Company of $40 million (the ‘Offering’).

The Offered Shares will be offered in each of the Provinces and Territories of Canada (other than Québec) in reliance on the ‘listed issuer financing exemption’ from the prospectus requirements available under National Instrument 45-106 − Prospectus Exemptions (‘NI 45-106‘), as modified by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ‘Listed Issuer Financing Exemption‘). The Offered Shares may also be offered on a private placement basis in such offshore jurisdictions may be mutually agreed between the Company and Velocity, provided it is understood that no prospectus filing or comparable obligation, ongoing reporting or continuous disclosure requirement or requisite regulatory or governmental approval arises in such jurisdictions, and the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933 (the ‘U.S. Securities Act‘), as amended. Any such Offered Shares will be characterized as ‘restricted securities’ under the U.S. Securities Act.

In addition, the Company has granted the Underwriters an option to purchase for resale up to an additional 480,000 Offered Shares under the Listed Issuer Financing Exemption at the Issue Price for additional gross proceeds of up to $6 million, on the same terms and conditions as set out herein, exercisable in whole or in part at any time up to 48 hours prior to the Closing Date.

The net proceeds of the Offering will be used by the Company for exploration, evaluation and restart work on the Cusi Project, general and administrative expenditures and working capital.

The Offered Shares to be issued pursuant to the Listed Issuer Financing Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws.

There is an offering document related to the Offering that can be accessed on SEDAR+ (www.sedarplus.ca) under Silverco’s issuer profile and on the Company’s website at www.silvercomining.com. Prospective investors should read this offering document before making an investment decision concerning the Offered Shares.

The Offering is expected to close on or about February 19, 2026 (the ‘Closing Date‘) and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange (‘TSXV‘) and the applicable securities regulatory authorities. The Offering is subject to final acceptance of the TSXV.

The Offered Shares have not been registered and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Silverco Mining Ltd.

The Company owns a 100% interest in the 11,665-hectare Cusi Project located in Chihuahua State, Mexico (the ‘Cusi Property‘). It lies within the prolific Sierra Madre Occidental gold-silver belt.There is an existing 1,200 ton per day mill with tailings capacity at the Cusi Property.

The Cusi Property is a past-producing underground silver-lead-zinc-gold project approximately 135 kilometres west of Chihuahua City. The Cusi Property boasts excellent infrastructure, including paved highway access and connection to the national power grid.

The Cusi Property hosts multiple historical Ag-Au-Pb-Zn producing mines each developed along multiple vein structures. The Cusi Property hosts several significant exploration targets, including the extension of a newly identified downthrown mineralized geological block and additional potential through claim consolidation.

On Behalf of the Board of Directors,

Mark Ayranto, President & CEO
Email: mayranto@silvercomining.com

For further information, please contact:
Investor Relations & Communications
Email: info@silvercomining.com
www.silvercomining.com

Cautionary Statement and Forward-Looking Information

This news release contains ‘forward-looking statements’ within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be ‘forward looking statements.’ Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as ‘anticipates’, ‘plans’, ‘scheduled’, ‘believed’ 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) including statements regarding the Company’s plans with respect to the Company’s projects and the timing related thereto, the merits of the Company’s projects, the Company’s objectives, plans and strategies, the Offering, the listing of the Common Shares on the TSXV, the use of proceeds of the Offering and other matters are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements.

Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, with respect to the Offering, the conditions of the financial markets, timeliness of completion of the Offering, and the timing of TSXV approval; and with respect to the use of proceeds, the availability of drills and personnel, weather, the speculative nature of mineral exploration and development, fluctuating commodity prices, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; the availability of contractors; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions, as described in more detail in our recent securities filings available on SEDAR+ (www.sedarplus.ca) under Silverco’s issuer profile. Further to this, geological similarities or characteristics are not guarantees or certainties of successful exploration. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. When considering this forward-looking information, readers should keep in mind the risk factors and other cautionary statements in the Company’s disclosure documents filed with the applicable Canadian securities regulatory authorities on SEDAR+ (www.sedarplus.ca) under Silverco’s issuer profile. The risk factors and other factors noted in the disclosure documents could cause actual events or results to differ materially from those described in any forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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.

Not for distribution to United States newswire services or for dissemination in the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282044

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Rio Silver Inc. (‘Rio Silver’ or the ‘Company’) (TSX-V: RYO | OTC: RYOOF) has initiated metallurgical testwork that will assist in designing a process flow sheet to optimize silver recoveries from planned mineral extraction and processing activities at its Maria Norte Project, Peru.

This is an important step in defining the metallurgical characteristics of the mineralization at Maria Norte. Results of this work will assist the Company in assessing the Project’s potentials value. It is expected that continuing metallurgical work will pursue optimization within a disciplined, low-capital-intensity development framework.

Metallurgical Review and Flow Sheet Design Work

Representative samples of mineralization collected along the targeted Maria Vein, beginning at the planned portal access site and extending along surface exposures, have been submitted to Asesor Procesos Metalurgicos, a specialist firm in mineral processing circuit analysis and design based in Trujillo, Peru.

The metallurgical work is being led by Jose Orlando Moncada Rojas and is focused on:

  • Characterizing silver mineralization and liberation behavior
  • Evaluating processing responses and recovery optimization
  • Designing a preliminary processing flow sheet aligned with third-party toll-milling scenarios

Upon completion of the analytical review and process engineering phase, check samples will be submitted to Certimin in Lima, Peru for an independent follow-up check of the proposed flow sheet design and metallurgical results.

This staged approach is intended to provide technical confidence ahead of processing, while maintaining flexibility and capital discipline.

Management Commentary

‘Metallurgy is the technical foundation that turns mineralization into recoverable silver, and this work is critical to how we move forward,’ said Chris Verrico, President and Chief Executive Officer of Rio Silver. ‘By undertaking a detailed metallurgical review and flow sheet design now, and then independently verifying those results, we are advancing Maria Norte along a disciplined, low-capex processing pathway. The market should view this as a meaningful step toward processing readiness, one that helps solidify our execution plan.’

What’s Next

  • Completion of metallurgical characterization and flow sheet design
  • Independent verification and certification of results by Certimin in Lima
  • Integration of metallurgical outcomes into processing and toll-milling planning
  • Alignment of processing parameters with access, permits, and operational sequencing
  • Continued advancement toward initial processing activities targeted for late 2026 or early 2027

Why This Matters to Investors

For investors, metallurgy is one of the most important technical de-risking steps on the path to processing and cash flow. Positive, independently verified metallurgical results validate recovery assumptions, confirm processing routes, and underpin economic decision-making. At Maria Norte, this work directly supports Rio Silver’s capital-efficient, third-party processing strategy by reducing uncertainty before access and material movement begins. As silver prices remain strong, projects that methodically de-risk metallurgy while preserving a low-capex development model are increasingly well positioned to convert geological potential into realizable value.

Qualified Person

Jeffrey Reeder, P.Geo., is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this news release. Mr. Reeder is a consultant to the Company and is not independent within the meaning of NI 43-101.

About Rio Silver Inc.

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) is a Canadian resource company advancing high-grade, silver-dominant assets in Peru, the world’s second-largest silver producer. The Company is focused on near-term development opportunities within proven mineral belts and is supported by a seasoned technical and operational team with deep experience in Peruvian geology, underground mining, and district-scale exploration. With a clear development strategy and a growing portfolio of highly prospective silver assets, Rio Silver is establishing the foundation to become one of Peru’s next emerging silver producers.

Learn more at www.riosilverinc.com

Stay Connected with Rio Silver
Investors and stakeholders are encouraged to follow Rio Silver for the latest company updates, project milestones, and event announcements across the Company’s official social media channels:

    By following Rio Silver’s official channels, investors can stay informed as the Company advances its silver-dominant projects and executes on key development milestones.

    ON BEHALF OF Rio Silver INC.

    Chris Verrico
    Director, President and Chief Executive Officer

    To learn more or engage directly with the Company, please contact:
    Christopher Verrico, President and CEO
    Tel: (604) 762-4448
    Email: chris.verrico@riosilverinc.com
    Website: www.riosilverinc.com

    Cautionary Note Regarding Forward-Looking Information

    This news release contains ‘forward-looking statements’ within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding anticipated development activities, underground access timing, permitting progress, community engagement, processing strategies, and the Company’s ability to advance toward potential production and cash flow. Forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements. Rio Silver undertakes no obligation to update such statements except as required by law.

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

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    Equity Metals Corporation (TSXV: EQTY,OTC:EQMEF) (‘Equity’ or the ‘Company’) announces that the following incumbent directors were re-elected at the Company’s annual general meeting held on January 28, 2026: Joseph A. Kizis, Jr., Lawrence Page, K.C., Killian Ruby, Courtney Shearer and John Kerr. In addition, the shareholders re-appointed Davidson & Company LLP, Chartered Accountants, as auditor of Equity Metals and approved the Company’s rolling incentive stock option plan pursuant to which a maximum of 10% of the issued shares will be reserved for issuance under the plan. The plan is subject to TSX Venture Exchange acceptance.

    The following officers were re-appointed subsequent to the annual general meeting: Joseph A. Kizis, Jr. as President, Lawrence Page, K.C. as Chairman, Robert Macdonald as Vice President Exploration, Jay Oness as Vice President Corporate Development, Killian Ruby as Chief Financial Officer, and Arie Page as Corporate Secretary.

    Equity Metals has granted incentive stock options to directors, officers and consultants to purchase 9,000,000 common shares of the Company at an exercise price of $0.45 per share, exercisable for a period of five years. The stock options are subject to the terms and conditions of Equity Metals’ stock option plan and the policies of the TSX Venture Exchange.

    About Equity Metals Corporation

    Equity Metals Corporation is a member of the Malaspina-Manex Group. The Company owns 100% interest, with no underlying royalty, in the Silver Queen project, located along the Skeena Arch in the Omineca Mining Division, British Columbia. The property hosts high-grade, precious- and base-metal veins related to a buried porphyry system, which has been only partially delineated. The Company also has a controlling JV interest (57.49%) in the Monument Diamond project, NWT, strategically located in the Lac De Gras district within 40 km of both the Ekati and Diavik diamond mines. As well, the Company has an option to acquire a 100% interest in the Arlington Property, located within the Boundary District of south-central British Columbia where 2025 exploration work consisted of geophysics and diamond drilling designed to identify and delineate an apparent gold system.

    On behalf of the Board of Directors

    ‘Lawrence Page, K.C.’

    Lawrence Page, K.C.
    Chairman, Director, Equity Metals Corporation

    For further information, visit the website at https://www.equitymetalscorporation.com; or contact us at 604.641.2759 or by email at corpdev@mnxltd.com.

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

    This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Equity Metals Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281991

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