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Trump Media to merge with nuclear fusion company

Business 2 Mins Read

Trump Media & Technology will merge with a fusion power company in an all-stock deal that the companies said Thursday is valued at more than $6 billion.

Devin Nunes, the Republican congressman who resigned in 2021 to become the CEO of Trump Media, will be co-CEO of the new company with TAE Technologies CEO Michl Binderbauer.

Shares of Trump Media & Technology, the parent company of President Donald Trump’s Truth Social media platform, have tumbled 70% this year but jumped 20% before the opening bell Thursday.

TAE is a private company and the merger with Trump Media would create one of the first publicly traded nuclear fusion companies.

“We’re taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations,” Nunes said in a prepared statement.

TAE focuses on nuclear fusion, a technology that combines two light atomic nuclei to form a single heavier one. It releases enormous amount of energy, a process that occurs on the sun and other stars, according to the United Nation’s International Atomic Energy Agency.

TAE and Trump Media shareholders will each own approximately 50% of the combined company.

The companies say the transaction values each TAE common stock at $53.89 per share.

At closing, Trump Media & Technology Group will be the holding company for Truth Social and TAE, along with its subsidiaries TAE Power Solutions and TAE Life Sciences.

This post appeared first on NBC NEWS

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5 Best-performing Canadian Uranium Stocks of 2025

Investing 12 Mins Read

The uranium market moved through 2025 with less drama than the previous year, but the quieter tone masked a sector still tightening beneath the surface.

After 2024’s surge to two-decade highs, in 2025, U3O8 prices traded in a narrower US$20 range in 2025, slipping to a low of US$63.71 in March before climbing back toward the mid-US$80s by late September.

In December, spot prices had settled near US$75, a level that has acted as a floor since late summer.

Despite the muted price action, uranium’s underlying drivers strengthened. Long-term demand projections, renewed government backing for nuclear power and rising concerns over supply security all helped support the market.

Investor appetite also played a defining role. Continued buying from the Sprott Physical Uranium Trust (SPUT) (TSX:U.U,OTCQX:SRUUF) and retail investors added steady pressure to the spot market, absorbing millions of pounds of material and lifting prices above where utility demand alone would have placed them.

While true supply shortages did not materialize in 2025, production interruptions and operational uncertainties at major mines made sellers more cautious and prompted utilities to top up inventories more aggressively. The result was a market that remained fundamentally tight, while uranium equities continued to outperform on the strength of a durable, long-term bull thesis.

Against this backdrop, we profile the five best-performing Canadian uranium stocks by share price performance below.

All data was obtained on December 15, 2025, using TradingView’s stock screener. Uranium companies on the TSX, TSXV and CSE with market caps above C$10 million at that time were considered. Read on to learn about the top Canadian uranium stocks in 2025, including what factors have been moving their share prices.

1. North Shore Uranium (TSXV:NSU)

Year-to-date gain: 637.5 percent
Market cap: C$22.17 million
Share price: C$0.295

North Shore Uranium is an exploration company focused on advancing uranium assets in established North American districts. Its core projects include the Falcon and West Bear properties along the eastern margin of Saskatchewan’s Athabasca Basin in Canada, complemented by a growing presence in the Grants uranium district of New Mexico, US.

The company is also evaluating additional exploration opportunities in the United States and Canada as it builds a diversified uranium project portfolio.

In June, North Shore penned a binding term sheet to acquire an up to 87.5 percent interest in the Rio Puerco uranium project in Northwest New Mexico from Resurrection Mining. The project hosts a historical inferred mineral resource estimate, released in 2009, of approximately 11.4 million pounds of U3O8 from 6 million metric tons of ore grading 0.09 percent U3O8 equivalent.

Subsequently, on August 28, the company officially entered into a definitive option agreement for the acquisition and closed a C$1.4 million private placement. On September 11, the company announced it staked 27 additional mining claims at the Rio Puerco project, bolstering its holdings in the area to 64 adjoining Bureau of Land Management claims.

As for its projects in Canada, in an October press release North Shore announced the completion of a prospecting program at its Falcon property, during which crews evaluated 18 priority targets for surface expression and anomalous radioactivity, collecting samples to support further exploration.

Later in the month, North Shore fulfilled its final earn-in requirement at the West Bear property, issuing C$50,000 shares to Gem Oil to secure the right to acquire a 75 percent interest in the project.

Shares of North Shore Uranium rose to a year-to-date high of C$0.29 on December 15, a few days after the company launched a C$3 million private placement on December 11.

Looking ahead, the company is planning a drill program at the Rio Puerco uranium project during H1 2026.

2. Energy Fuels (TSX:EFR)

Year-to-date gain: 156.12 percent
Market cap: C$4.76 billion
Share price: C$19.26

US-based uranium producer Energy Fuels has a large portfolio of conventional and in-situ recovery (ISR) projects across the Western US, including Pinyon Plain in Arizona, a top national producer.

Additionally, Energy Fuels owns and operates the White Mesa mill, the only fully licensed and operating conventional uranium mill in the US. The company is progressing heavy rare earth oxide processing at the plant as well.

Company shares reached a year-to-date high of C$36.84 on October 14, 11 days after Energy Fuels closed its US$700 million offering of 0.75 percent convertible senior notes due 2031, which was upsized after initial purchasers exercised their option to purchase a further US$100 million in notes.

In a Q3 report released on November 3, the company underscored a rise in uranium sales, as its low-cost US production continued to outperform, putting the miner on track to exceed its 2025 guidance.

The firm also advanced its rare earth ambitions, producing 29 kilograms of dysprosium oxide in pilot runs through September, with terbium oxide next in line.

The October US$700 million convertible note offering strengthened the balance sheet, lifting working capital to nearly US$1 billion and raising the effective conversion price to US$30.70 per share.

3. Stallion Uranium (TSXV:STUD)

Year-to-date gain: 150 percent
Market cap: C$49.57 million
Share price: C$0.375

Uranium junior Stallion Uranium holds a 2,870 square kilometer land package on the western side of the Athabasca Basin, in Saskatchewan, Canada, including a joint venture with Atha Energy (TSXV:SASK,OTCQB:SASKF) for the largest contiguous project in the region. The company’s primary focus is the Coyote target at the Moonlite project.

Stallion’s share price shot upward on July 8 after the company announced a technology data acquisition agreement for Matchstick TI, an intelligent geological target identification platform with 77 percent accuracy. Stallion plans to use the technology to enhance its exploration efforts. It closed the acquisition on November 12.

In early September, Stallion Uranium closed the final tranche of a non-brokered private placement, raising gross proceeds of C$10.49 million. The financing included 22.3 million non-flow-through units and 30.1 million flow-through units, both priced at $0.20 per unit.

Stallion’s shares registered a year-to-date high of C$0.51 on September 16.

According to an October statement, Stallion planned to start a high-resolution ground time domain electromagnetic survey on Coyote on November 1, but it has not yet released a further update on the survey.

The company announced a further private placement on December 12, this one consisting of flow-through shares for gross proceeds of C$4.55 million at a price of C$0.45 per share.

4. District Metals (TSXV:DMX)

Year-to-date gains: 139.51 percent
Market cap: C$165.24 million
Share price: C$0.97

District Metals is an energy metals and polymetallic explorer and developer with a portfolio of seven assets in Sweden, including four uranium projects: Viken, Ardnasvarre, Sågtjärn and Nianfors. Currently, District is focused on its Viken uranium-vanadium project, which it says hosts the world’s largest undeveloped uranium deposit.

Shares began trending upwards in mid-May following news of a fully subscribed C$6 million private placement.

District spent 2025 advancing its four uranium projects through a series of targeted surveys. A helicopter-borne mobile magnetotellurics (MobileMT) program wrapped up at the flagship Viken property in June, followed by drone-based radiometric and magnetic surveys at Ardnasvarre, Sågtjärn and Nianfors in July.

Early September results at Sågtjärn and Nianfors were strong enough for the company to seek expanded licenses. Later that month, new MobileMT data from Viken revealed large low-resistivity anomalies both within and beyond the known deposit footprint, pointing to potential for additional uranium deposits.

Shares of District rallied to a year-to-date high of C$1.53 on October 15, the day the company released the results of its radiometric and magnetic survey at the Ardnasvarre property, which identified strong and large anomalies associated with uranium polymetallic occurrences.

District also reported fresh momentum at its alum shale properties after completing airborne MobileMT surveys across the Österkälen, Tåsjö and Malgomaj licenses this summer.

The first batch of results, released in late October, outlined a significant new geophysical anomaly at its wholly owned Österkälen license. District has already applied for an adjacent mineral license to capture the anomaly’s northwestern extension. The Österkälen area lies roughly 100 kilometers northeast of the company’s flagship Viken property.

In subsequent announcements, District reported the discovery of high priority targets at the Tåsjö alum shale property, and of large, robust targets at the Malgomaj alum shale property, both of which led the company to file applications for adjacent mineral licenses.

In early November, District Metals welcomed a landmark decision in Sweden when Parliament voted to repeal the country’s 2018 moratorium on uranium exploration and mining.

The new legislation, set to take effect January 1, 2026, opens the door for renewed development in a nation that holds roughly 27 percent of Europe’s known uranium resources.

5. Purepoint Uranium (TSXV:PTU)

Year-to-date gain: 113.64 percent
Market cap: C$38.01 million
Share price: C$0.47

Exploration company Purepoint Uranium has an extensive uranium portfolio including six joint ventures and five wholly owned projects, all located in Saskatchewan’s Athabasca Basin.

In January, Purepoint strengthened its relationship with IsoEnergy (TSX:ISO,NYSEAMERICAN:ISOU) when the latter exercised its put option under the framework of a previously announced joint-venture agreement, transferring 10 percent of its stake to Purepoint in exchange for 4 million shares. The now 50/50 joint venture will explore 10 uranium projects across 98,000 hectares in the Athabasca Basin, including the Dorado project.

As for Q3, the company closed the final tranche of a C$6 million private placement on September 5.

Later in the month, Purepoint released partial assay results from the Dorado project for one hole from its 11 hole drill program. The drill hole returned the most significant intervals to date, according to the company, with one interval of 2.1 meters grading 1.6 percent U3O8, including 0.4 meters at 8.1 percent, as well as another interval of 4.9 meters at 0.52 percent. The company has since dubbed this the Nova discovery

Purepoint ended September by launching its inaugural drill program at the Tabbernor project, located on the southeastern edge of the basin. The program, which concluded in November, targeted a 60 kilometer long corridor of graphitic conductors with five first-pass diamond drill holes. The Tabbernor findings will be combined with the company’s ongoing regional interpretation work to prioritize next targets.

Shares of Purepoint registered a year-to-date high of C$0.80 on October 14 as uranium prices rose.

In early December, Purepoint and IsoEnergy approved an expanded 2026 exploration program at the Dorado project following the previously released strong drill results, which Purepoint said confirm ‘a steeply dipping, uranium-bearing structure that remains open in all directions.’

The joint venture will prioritize the northeastern extension of the Nova discovery while advancing other high-potential zones across Dorado.

FAQs for investing in uranium

What is uranium used for?

Uranium is primarily used for the production of nuclear energy, a form of clean energy created in nuclear power plants. In fact, 99 percent of uranium is used for this purpose. As of 2022, there were 439 active nuclear reactors, as per the International Atomic Energy Agency. In 2023, 9 percent of US power came from nuclear energy.

The commodity is also used in the defense industry as a component of nuclear weaponry, among other uses. However, there are safeguards in effect to keep this to a minimum. To create weapons-grade uranium, the material has to be enriched significantly — above 90 percent — to the point that to achieve just 5.6 kilograms of weapons-grade uranium, it would require 1 metric ton of uranium pre-enrichment.

Because of this necessity, uranium enrichment facilities are closely monitored under international agreements. Uranium used for nuclear power production only needs to be enriched to 5 percent; nuclear enrichment facilities need special licenses to enrich above that point for uses such as research at 20 percent enrichment.

The metal is also used in the medical field for applications such as transmission electron microscopy. Before uranium was discovered to be radioactive, it was used to impart a yellow color to ceramic glazes and glass.

Where is uranium found?

The country with the greatest uranium reserves by far is Australia — the island nation holds 28 percent of the world’s uranium reserves. Rounding out the top three are Kazakhstan with 15 percent and Canada with 9 percent.

Although Australia has the highest reserves, it holds uranium as a low priority and is only fourth overall for production. All its uranium output is exported, with none used for domestic nuclear energy production.

Kazakhstan is the world’s largest producer of the metal, with production of 21,227 metric tons in 2022. The country’s national uranium company, Kazatomprom, is the world’s largest producer.

Canada’s uranium reserves are found primarily in its Athabasca Basin, and the region is a top producer of the metal as well.

Why should I buy uranium stocks?

Investors should always do their own due diligence when looking at any commodity so that they can decide whether it fits into their investment plans. With that being said, many experts are convinced that uranium has entered into a significant bull market, meaning that uranium stocks could be a good buy.

A slew of factors have led to this bull market. Discourse has been building around the metal’s use as a source of clean energy, which is important for countries looking to reach climate goals, and interest in nuclear power to fuel artificial intelligence energy demand has increased significantly as well.

Nations are now prioritizing a mix of clean energies such as solar and wind energy alongside nuclear. Significantly, in August 2022, Japan announced it is looking into restarting its idled nuclear power plants and commissioning new ones.

Uranium prices are very important to uranium miners, and levels had not been high enough for production to be economic. However, prices have climbed significantly in recent years, and spiked from US$58 per pound in August 2023 to a high of US$106 per pound in February 2024.

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

This post appeared first on investingnews.com

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Denison and Skyharbour Finalize Saskatchewan Uranium JV Deal

Investing 3 Mins Read

Denison Mines (TSX:DML,NYSEAMERICAN:DNN) has closed a previously announced deal with Skyharbour Resources (TSXV:SYH,OTC:SYHBF) that repurposes a large block of uranium exploration ground surrounding its flagship Wheeler River project in northern Saskatchewan.

The recent transaction formalizes the division of Skyharbour’s former Russell Lake uranium project into four separate joint ventures positioned directly adjacent to, or proximal to, Wheeler River.

The structure is intended to promote closer technical collaboration between the two companies while advancing exploration across claims that sit along the same geological corridors as Denison’s advanced-stage development assets.

Under the new arrangements, Denison will operate the Wheeler North and Wheeler River Inliers joint ventures, holding ownership interests of 49 percent and 70 percent, respectively.

Skyharbour will operate the Russell Lake and Getty East joint ventures, in which Denison holds minority interests of 20 percent and 30 percent. In addition, Denison has secured earn-in option agreements that allow it to increase its ownership in both Wheeler North and Getty East to as much as 70 percent, subject to future conditions.

The claims involved were previously consolidated under Skyharbour’s Russell Lake project, which borders Denison’s Wheeler River property.

The deal strengthens Denison’s already dominant position around Wheeler River, which is the largest undeveloped uranium project in the infrastructure-rich eastern Athabasca Basin.

The company currently holds an effective 95 percent interest in Wheeler River, which hosts the Phoenix and Gryphon deposits.

A feasibility study completed in 2023 outlined Phoenix as an in-situ recovery operation, while an updated study for Gryphon evaluated conventional underground mining.

Both deposits are expected to rank among the lowest-cost uranium operations globally, based on those studies.

Regulatory momentum has also continued at Wheeler River. The project’s environmental assessment received provincial approval from Saskatchewan in July 2025, and federal review advanced with the conclusion of the Canadian Nuclear Safety Commission’s public hearing in December.

Beyond Wheeler River, Denison maintains a broad portfolio across the Athabasca Basin, including interests in the McClean Lake joint venture as well as stakes in the Midwest, Tthe Heldeth Túé, and Huskie deposits.

For Skyharbour, the transaction allows it to remain an active operator on key exploration assets near Wheeler River while continuing to advance its broader Athabasca Basin portfolio.

The company holds interests in 37 uranium projects covering more than 616,000 hectares, including the Moore uranium project, located east of Wheeler River, and the remaining Russell Lake ground now organized under joint venture structures.

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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Oil and Gas Market Forecast: Top Trends for Oil and Gas in 2026

Investing 8 Mins Read

The oil and gas market was punctuated with volatility in 2025.

Oil prices softened as supply outpaced demand and inventories built. Brent and West Texas Intermediate (WTI) crude slipped in late 2025, with Brent dipping below US$60 per barrel and WTI hovering at US$55.

Production increases from non-OPEC producers — including record US output — and higher OPEC+ quotas have contributed to a notable supply overhang, pressuring crude toward four year lows.

Starting the year above US$70, both Brent and WTI prices have now seen steep declines of more than 20 percent amid signs of weaker demand in major economies like China and elevated global stocks.

Meanwhile, the natural gas market saw price shifts driven by weather and storage dynamics.

Prices started the year at US$3.64 per million British thermal units and slipped to a seasonal low of US$2.74 in August. Values peaked at US$5.31 on December 5, and have since retreated to the US$3.94 level.

The US Energy Information Administration (EIA) raised its outlook for late 2025 and early 2026 gas prices after an early cold snap bolstered heating demand, even as forecasts have moderated Henry Hub projections for 2025 to 2026.

Oil market battles persistent headwinds

2025 saw oil prices fluctuate between highs of US$81.86 (Brent) and US$78.99 (WTI) and lows of US$59.41 and US$55.56, respectively, as the energy market served as a barometer of global political and trade tensions.

“Throughout the year, prices have continued the downtrend they began in April (2024) as OPEC+ continued to hike output and China’s economy continued to struggle under the weight of a flailing property sector, downbeat consumer confidence, overindebted local governments and flagging external demand,” he added.

While the oil market isn’t new to volatility, this year proved different as US President Donald Trump’s on-again, off-again tariffs infused global uncertainty into the energy market.

“We can see that Trump’s ‘Liberation Day’ tariffs pushed prices down to a level from which they’ve not recovered from, barring a spike in June as a result of the 12 day Iran-Israel war,” said Cunningham.

“Since then, Brent crude oil prices have continued to fall as OPEC+ caught the market off guard with its aggressive output hikes, which were designed to win back market share from non-cartel producers.’

Demand growth, underinvestment reshape oil outlook

Meanwhile, OPEC is approaching full production capacity, with Saudi Arabia being the main exception.

“Even though people are talking about lots of supply, demand is still growing,” Schachter said, noting that global oil demand rose roughly 1.3 million barrels per day in 2025 and is expected to increase by about 1.2 million in 2026.

New supply additions are limited, he explained, mentioning Guyana’s offshore discoveries by ExxonMobil (NYSE:XOM), some output from Brazil and minor contributions from Canada.

“Most basins are tired, and not enough money is being spent to bring on production,” Schachter said, predicting that global inventory drawdowns in 2026 will support higher prices.

Despite lack of investment at the exploration level, FocusEconomics panelists are forecasting a rise in both oil and gas supply in 2026 fueled by output growth at existing operations.

Cunningham pointed to organizations like the EIA and International Energy Agency (IEA), which “hiked their forecasts in recent months in response to OPEC+ increasing output unexpectedly fast and the recent surge in demand for US LNG.”

“The real question is not if oil and gas production will increase, but by how much,” said Cunningham.

A ramp up could be curtailed by geopolitical disruptions, he went on to note.

“Recent frictions between members of the OPEC+ cartel will persist, with Russia likely to favor lower production levels given US sanctions and countries like Saudi Arabia and the United Arab Emirates eager to push production higher given their excess capacity and desire to win back market share from non-OPEC+ producers,” he said.

“Moreover, countries like Kazakhstan and Iraq continue to overshoot their quotas, and in late 2023 Angola left the cartel due to disputes over its allowed production level.”

Transport and petrochemicals driving oil demand

Global oil demand is expected to rise in 2026, driven primarily by transportation fuels and petrochemical feedstocks.

Gasoline is projected to lead the increase, supported by recovering air travel and road mobility, while diesel and other products also contribute. Non-OECD regions, particularly China and India, will account for most of the growth, with expanding petrochemical capacity in major economies boosting crude-derived feedstock demand.

Overall, transport and industrial activity remain the key engines behind the expected rise in oil consumption.

“Our panelists see world oil production rising 1.1 percent in 2026 as non-OPEC+ countries such as Guyana and the US hike output,” said FocusEconomics’ Cunningham.

LNG expansion fuels gas growth

Similar to the trajectory for oil, natural gas demand is expected to rise in 2026 as global consumption rebounds and LNG exports expand sharply. “The IEA (is) estimating growth at around 2 percent with consumption at an all-time high on higher demand in the industrial and electricity sectors,” said Cunningham.

Rising LNG supply — with new export capacity coming online in the US, Canada and Qatar — is projected to support stronger import growth, particularly in Asia, where demand is expected to rebound after a 2025 slowdown.

“Asia is hungry for LNG; the IEA estimates the region’s natural gas demand will rise over 4 percent in 2026, with LNG imports up by 10 percent,” the expert said. Increased use of natural gas in power generation and industrial sectors will also contribute to growth, helping push global gas demand toward a new peak next year.

“Of course, these forecasts could change quickly if the world economy or the oil and gas sector is subject to further shocks, which is why we recommend regularly checking the latest forecasts that are available,” Cunningham added.

Further ahead, Schachter argued that rising global power needs will underpin long-term demand for natural gas, particularly as alternatives struggle to scale. Aging power grids are another constraint. Much of the world’s electricity infrastructure has not been meaningfully upgraded, and expanding capacity will require major investment in transmission — driving demand for copper, steel and aluminum alongside new generation.

Against that backdrop, Schachter sees LNG as central to meeting near- and medium-term power needs.

“The demand for LNG is the story,” he said, adding that natural gas is increasingly viewed not as a temporary transition fuel, but as “the most efficient, from a climate and environmental point of view.”

He also highlighted Canada’s advantage as producers invest heavily in emissions-reduction technologies, including methane mitigation. That positioning could make Canadian LNG more attractive to import-dependent nations such as Japan and South Korea.

While new supply from Qatar and the US will add capacity, Schachter cautioned that LNG development is rarely linear, pointing to Canada’s decades-long path to its first operating export terminal. Despite inevitable delays and short-term imbalances, he said the long-term outlook remains clear: “The industry’s fundamentals are very, very positive.”

Cunningham also pointed to increased output from the US and Qatar as key areas to watch in 2026.

“The big Qatari and US LNG projects will help natural gas prices converge globally — our Consensus Forecast is for the percentage difference between US gas prices (which tend to be lower due to huge domestic production) and those in Asia and Europe to ease to the lowest level since 2020, the year the pandemic sent gas demand plummeting,” said Cunningham, adding, “In short, record US LNG shipments will send up prices at home and lower them abroad.”

Cunningham went on to explain that unlike oil, in the natural gas market there tends to be more price divergence between regions as natural gas is harder to transport over large distances. Oil can be poured into a barrel and shipped, whereas natural gas first needs to be liquified if it’s to be sent overseas. Greater LNG capacity will help bridge this gap.

Oil and gas price forecast for 2026

Schachter expects WTI to average over US$70 in 2026, with Brent around US$73 to US$74.

He anticipates some volatility early in the new year, saying that in Q1 he expects trading to be “still sloppy between US$56 and US$66,” before prices rise in Q2 to US$62 to US$72. From there, he sees prices reaching US$68 to US$78 in the year’s third quarter as inventories tighten and market fundamentals assert themselves.

“People think we’re going back to US$80 today. US$58 oil — it ain’t going to US$80. But when the industry is in rational supply and demand, prices climb, especially when inventories draw down quickly,” Schachter said, recalling the 2008 peak in oil prices near US$147 during extreme supply shortages.

Looking at the year ahead, FocusEconomics expects the trends of 2025 to continue.

“Average Brent crude oil prices will ease further to a post-pandemic low, while US natural gas prices will increase to the highest average level since 2014 barring 2022’s Russia-Ukraine-war-driven spike,” said Cunningham.

“OPEC+ is set to continue raising output — after a pause in Q1 2026 — and the global economy should slow as the boost from export front-loading ahead of US tariff wanes.”

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

This post appeared first on investingnews.com

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CoTec Investment MagIron Secures State of Minnesota Iron Ore Mining Leases

Investing 4 Mins Read

VANCOUVER, BC / ACCESS Newswire / December 19, 2025 / CoTec Holdings Corp. (TSXV:CTH,OTC:CTHCF)(OTCQB:CTHCF) (‘CoTec’ or the ‘Company’) is pleased to note MagIron LLC’s (‘MagIron’) press release dated December 18, 2025. CoTec owns 16.5% of the equity in MagIron on a fully diluted basis.

MagIron announced that it has acquired five new state iron ore mining leases with the Minnesota Department of Natural Resources following the approval by the State of Minnesota Executive Council on December 2, 2025. These five new iron ore mining leases grant MagIron the rights to explore, mine and process hematite iron formation located in Itasca County, Minnesota. The leases are effective January 1, 2026 for a 20-year term and cover an area of 760 acres.

These new leases represent the first State-issued hematite mining leases specifically aligned with MagIron’s proprietary process for targeting and upgrading oxidized iron formation into high-grade Direct Reduction (‘DR’) grade iron ore concentrate, a critical input for ore-based metallics needed for the growing U.S. Electric Arc Furnace (‘EAF’) steel sector.

Combined with MagIron’s existing stockpiles, tailings, private mineral agreements, other State mineral leases and the mineral rights it owns, these new leases further strengthen the Company’s restart plans for Plant 4, a modern past-producing concentrator designed to supply the U.S. steel industry with low-carbon, domestically sourced iron units.

Julian Treger, CoTec CEO commented: ‘These leases are another exciting milestone for MagIron as it further secures supply for MagIron in the execution of its strategy of becoming a multi-decade integrated supplier of DR grade pellets to America’s rapidly expanding EAF steel industry.’

For further information, please visit https://magironusa.com

About CoTec

CoTec Holdings Corp. (TSX-V: CTH, OTCQB: CTHCF) is redefining the future of resource extraction and recycling. Focused on rare earth magnets and strategic materials, CoTec integrates breakthrough technologies with strategic assets to unlock secure, sustainable, and low-cost supply chains for the United States and its allies.

CoTec’s mission is clear: accelerate the energy transition while strengthening U.S. economic and national security. By investing in and deploying disruptive technologies, the Company delivers capital-efficient, scalable solutions that transform marginal assets, tailings, waste streams, and recycled products into high-value critical minerals.

From its HyProMag USA magnet recycling joint venture in Texas, to iron tailings reprocessing in Québec, to next-generation copper and iron solutions backed by global majors, CoTec is building a diversified portfolio with long-term growth, rapid cash flow potential, and high barriers to entry. The result is a game-changing platform at the intersection of technology, sustainability, and strategic materials.

For more information, please visit www.cotec.ca

For further information, please contact:
Braam Jonker – (604) 992-5600

Forward-Looking Information Cautionary Statement

Statements in this press release regarding the Company and its investments which are not historical facts are ‘forward-looking statements’ which involve risks and uncertainties, including statements relating to the Company’s interest in MagIron, the state leases secured by MagIron, the potential restart of the MagIron operations, the MagIron strategy and its execution and management’s expectations with respect to its current and potential future investments, and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements, due to known and unknown risks and uncertainties affecting the Company, including but not limited to resource and reserve risks; environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social and transport disruptions. For further details regarding risks and uncertainties facing the Company please refer to ‘Risk Factors’ in the Company’s filing statement dated April 6, 2022, a copy of which may be found under the Company’s SEDAR profile at www.sedar.com. The Company assumes no responsibility to update forward-looking statements in this press release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this news release and are encouraged to read the Company’s continuous disclosure documents which are available on SEDAR at www.sedarplus.ca.

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 news release.

SOURCE: CoTec Holdings Corp.

View the original press release on ACCESS Newswire

News Provided by ACCESS Newswire via QuoteMedia

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Trump Media Strikes US$6 Billion Merger With TAE Technologies to Enter Fusion Energy

Investing 3 Mins Read

Trump Media & Technology Group (NASDAQ:DJT) has agreed to merge with fusion power developer TAE Technologies in an all-stock transaction valued at more than US$6 billion.

Under the terms of the agreement announced Thursday (December 18), shareholders of Trump Media and TAE will each own roughly 50 percent of the combined entity on a fully diluted basis once the transaction closes, which the companies expect to occur in mid-2026.

Trump Media will serve as the holding company for a portfolio that will include Truth Social, Truth+, TAE Technologies, TAE Power Solutions, and TAE Life Sciences.

The merger pairs Trump Media, best known for operating the Truth Social platform associated with US President Donald Trump, with a privately held fusion company that has spent more than two decades developing alternative nuclear technologies.

TAE Technologies says it has raised more than US$1.3 billion in private capital from investors including Google, Goldman Sachs, Chevron Technology Ventures and Sumitomo Corporation of Americas.

Management of the combined company will be shared. Devin Nunes, chairman and chief executive of Trump Media, and TAE chief executive Michl Binderbauer are set to serve as co-CEOs following completion of the deal.

Michael Schwab, founder and managing director of Big Sky Partners, is expected to become chairman of a nine-member board.

Trump Media said the transaction is designed to leverage its access to public capital to accelerate the commercialization of fusion power.

“Trump Media & Technology Group built uncancellable infrastructure to secure free expression online for Americans, and now we’re taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations,” Nunes said in the company press release.

Nunes further described fusion as “the most dramatic energy breakthrough since the onset of commercial nuclear energy in the 1950s.”

TAE, which has built and operated five fusion reactors during its research phase, said recent technical advances have reduced the size, cost and complexity of its systems, bringing them closer to commercial deployment.

As part of the transaction, Trump Media has agreed to provide up to US$200 million in cash to TAE at signing, with an additional US$100 million available upon the initial filing of the merger’s registration statement.

The companies said the combined group plans to identify a site and begin construction of a first utility-scale fusion power plant, targeted at roughly 50 megawatts of electrical output, in 2026, pending approvals.

Shares of Trump Media surged more than 30 percent in pre-market trading following the announcement.

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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Standard Uranium Welcomes Doug Engdahl to the Board of Directors and Recognizes Retiring Directors Neil McCallum and Zoya Shashkova

Investing 4 Mins Read

Standard Uranium Ltd. (TSXV: STND,OTC:STTDF) (OTCQB: STTDF) (FSE: 9SU0) (‘Standard Uranium’ or the ‘Company’)  is pleased to announce the appointment of Doug Engdahl as a Non-Executive Director of the Company effective immediately. Mr. Engdahl is a professional geologist and the current President and CEO of the Axiom Group. He is a recognized leader in the exploration industry and has over two decades of experience in the uranium sector. Mr. Engdahl has extensive Board level and audit committee experience and will be joining our audit committee. The Company would also like to recognize Neil McCallum and Zoya Shashkova for their years of service as Directors of the Company.

Doug Engdahl, P.Geo., is President & CEO of Axiom Exploration Group Ltd., a global exploration consulting and services company employing more than 140 professionals worldwide. He has over 20 years of experience in mineral exploration and mine operations, including more than 14 years in uranium with Cameco Corporation and AREVA/Orano, spanning both advanced exploration and production at the McArthur River Mine. Mr. Engdahl brings extensive expertise in uranium systems, exploration strategy, and project execution. He currently serves on multiple public mining company boards and committees, contributing technical, governance, and capital-markets oversight. He is a registered Professional Geoscientist (P.Geo.) in Canada.

‘Doug is a well respected and accomplished business professional with extensive experience in the uranium sector and public markets. We are excited to have him join our team and add immediate value,’ said Chairman Jon Bey. ‘His perspective and leadership will help accelerate our long-term vision as we focus on making a high-grade uranium discovery in the Athabasca Basin.’

The company also recognizes Neil McCallum and Zoya Shashkova for their longstanding years of service and contributions. ‘We deeply appreciate their commitment and the impact they’ve made,’ said Chairman Jon Bey. ‘Neil was one of our original Directors when we started Standard Uranium in 2017. I am happy he will continue to add value in his new role as Lead Technical Advisor working closely with Sean Hillacre and our technical team. Zoya has been an instrumental part of our growth for the past four years and we will miss her contributions to our Board and the audit committee. We wish her continued success as she moves on to her next endeavor.’

RSU Grant:

The Company also announces that in connection with his appointment, pursuant to its Omnibus Incentive Plan, it has granted 250,000 restricted share units (the ‘RSUs‘) to Douglas Engdahl. The RSUs entitle the holder to receive one common share, the cash equivalent, or a combination thereof, on the vesting date of December 18, 2026, and are subject to the policies of the TSX Venture Exchange.

About Standard Uranium (TSXV: STND,OTC:STTDF)

We find the fuel to power a clean energy future

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world’s richest uranium district. The Company holds interest in over 235,435 acres (95,277 hectares) in the world-class Athabasca Basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium’s Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises ten mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.

Standard Uranium’s eastern Athabasca projects comprise over 43,185 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries.

Standard Uranium’s Sun Dog project, in the northwest part of the Athabasca Basin, Saskatchewan, is comprised of nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.

For further information, contact:
Jon Bey, Chief Executive Officer, and Chairman
Suite 3123, 595 Burrard Street
Vancouver, British Columbia, V7X 1J1
Tel: 1 (306) 850-6699
E-mail: info@standarduranium.ca

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278298

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Juggernaut Appoints Manuele Lazzarotto, Ph.D. In Metamorphic Petrology President And COO

Investing 3 Mins Read

(TheNewswire)

Vancouver, British Columbia TheNewswire – December 18, 2025 Juggernaut Exploration Ltd (JUGR.V) (OTCPK: JUGRF) (FSE: 4JE) (the ‘Company’ or ‘Juggernaut’) is pleased to report that it has appointed Manuele (Lele) Lazzarotto, Ph.D., as President and Chief Operating Officer (COO).

Mr. Lazzarotto has over a decade of experience in the mineral exploration industry, taking projects from inception to defined deposits. He has extensive experience in volcanogenic massive sulphide deposits and gold systems in Canada. Most recently, Mr. Lazzarotto has acted as Chief Geologist, instrumental in the discovery of Goliath Resources’ Surebet Discovery from 2019 to 2025. He holds a BSc and an MSc in Earth Sciences from ETH Zurich, Switzerland, and a PhD in Metamorphic Petrology from the University of Calgary, Canada.

Dan Stuart, CEO of Juggernaut Exploration, states: ‘Having Manuele (Lele) Lazzarotto, with his proven track record of success, including Goliath’s Surebet and Juggernaut’s Big One discovery, will help unlock long-term value for our shareholders.’ Juggernaut is preparing to launch its fully funded ~10,000-meter program at its Big One property.

Manuele Lazzarotto, President and COO of Juggernaut Exploration, states: ‘It is an honor to join Juggernaut Exploration as President and COO as the Company embarks on its inaugural drill program on the high-grade gold Big One discovery. With its high-grade gold and silver grades from hundreds of veins exposed on surface for up to 1 km and hosted within shear zones that are up to 50 m wide, the Big One discovery clearly demonstrates exceptional potential at depth. I look forward to working with the entire team to successfully execute our inaugural drill program, a critical step toward realizing the significant value this asset holds, and unlocking the full value for our shareholders and local stakeholders.’

 

About Juggernaut Exploration Ltd.

Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are located in globally recognized geological settings and in geopolitically stable jurisdictions, making them amenable to mining in Canada. Juggernaut is a member and active supporter of CASERM, a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut’s key strategic cornerstone shareholder is Crescat Capital.

 

For more information, please contact:

Juggernaut Exploration Ltd.

Dan Stuart

Chief Executive Officer, Director

Tel: (604)-559-8028

www.juggernautexploration.com

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OF THIS RELEASE.

FORWARD LOOKING STATEMENT

Certain disclosures in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements.

Disclaimer

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Nevada Sunrise Completes Fall 2025 Surface Exploration at the Griffon Gold Mine Project, Nevada

Investing 8 Mins Read

Nevada Sunrise Metals Corporation (TSXV: NEV,OTC:NVSGF) (OTC Pink: NVSGF) (‘Nevada Sunrise’ or the ‘Company’) is pleased to announce it has completed surface geophysical and geochemical exploration surveys at its Griffon Gold Mine Project (‘Griffon’, or the ‘Project’) in White Pine County, Nevada, USA. Griffon hosts a past-producing gold mine and is located within the Battle Mountain-Eureka Gold Belt, a prolific trend that contains numerous gold mines and deposits.

Highlights of the Fall 2025 Exploration Program

Nevada Sunrise based its Fall 2025 surface exploration program on the results of AI-generated analysis by VRIFY Technology Inc. (‘VRIFY‘) of the extensive historical Griffon geological and geophysical database for the Project (see Nevada Sunrise news release dated September 9, 2025), including:

  • Over 700 soil samples collected by APEX Geoscience USA (‘APEX’) will be analyzed by partial leach geochemical analysis by both Ionic Leach and Soil Gas Hydrocarbon (‘SGH’) methods. Each of these methods are capable of detecting subtle indications of buried mineralization that may not show robust surface expression from conventional soil surveys;
  • APEX carried out a ‘walking mag’ survey consisting of 50-line kilometres that has provided the first ever high-resolution magnetic data at Griffon. Preliminary interpretation of the data has revealed important information about the structural settings of the past-producing Discovery Ridge and Hammer Ridge deposits – knowledge which now can be applied to other untested target areas at the Project;
  • SJ Geophysics Ltd. carried out 3D induced polarization/resistivity (‘3D-IP’) and audiomagnetotellurics (‘AMT’) surveys consisting of 16.8 line kilometres on grids designed to investigate the resistivity and chargeability characteristics of the subsurface at Griffon. These survey types have never been performed at Griffon since the discovery of gold on the property in 1986 (see Figure 1).

Soil Sampling and Walking Mag surveys in progress at Griffon, November 2025

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2799/278476_nevadasunrise.jpg

‘Nevada Sunrise is fortunate to have completed this important work during a period of favourable autumn weather in Nevada,’ said Warren Stanyer, President and CEO of Nevada Sunrise. ‘The pending integration of new geochemical and geophysical data with VRIFY’s AI predictive model will be an invaluable addition to the development of Griffon drill targets for 2026.’

Figure 1: Griffon Gold Mine Project 2025-2026 Target areas

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2799/278476_7d678aef54c8c8d3_004full.jpg

Nevada Sunrise anticipates the receipt of geochemical analyses and geophysical modeling from the ground surveys in January 2026. Re-sampling and multi-element geochemical analysis of reverse circulation drill cuttings collected at Griffon by Fremont Gold Ltd. (now Hayasa Metals Inc.) in 2020, which were historically assayed only for gold, is still in progress. The broader analytical package will include pathfinder elements such as antimony, arsenic, thallium, and mercury that could provide geochemical vectors to enhance drill targeting at the Project.

Griffon Permitting Update

In late September 2025, Nevada Sunrise submitted a Plan of Operations (the ‘Plan‘) for Griffon to the United States Forest Service (the ‘USFS‘) to advise the USFS of the Company’s proposed surface disturbance and 2026 drilling plans at Griffon. Receipt of the Plan was confirmed in October 2025 and the Company awaits comments from the USFS regarding the timing and recommended execution of environmental baseline surveys that are a requisite before the commencement of drilling.

About Griffon

Griffon is located approximately 50 kilometres (33 miles) southwest of Ely, Nevada and consists of 89 unpatented mineral claims totaling approximately 1,780 acres (720 hectares). Griffon is situated within a 60 kilometre (40 mile) section of the Battle Mountain-Eureka Belt, which hosts operating gold mines and significant gold deposits (see Figure 2).

In February 2025, the Company entered into a mining lease to purchase Griffon from an arm’s-length party (see Nevada Sunrise news release dated February 20, 2025). Gold was mined at Griffon in two open pits from 1998 to 1999 and was reported to have produced 62,661 ounces of oxide gold until its premature closure in 1999, a year when the price of gold averaged approximately US$278 per ounce.1

Figure 2: Griffon’s Location in the Battle Mountain-Eureka Gold Belt

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2799/278476_7d678aef54c8c8d3_005full.jpg

For more information about Griffon, including maps and photos, visit the Company’s website at: www.nevadasunrise.ca

References:

1 Nevada Division of Minerals, ‘Major Mines of Nevada’, published 1998 and 1999.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Robert Allender Jr, CPG, SME and a Qualified Person for Nevada Sunrise as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Allender has examined information regarding the historical, current and proposed exploration at Griffon, which includes his review of the historical sampling, analytical procedures and results underlying the information and opinions contained herein.

Management cautions that historical results were collected and reported by operators unrelated to Nevada Sunrise and have not been verified nor confirmed by its Qualified Person; however, the historical results create a scientific basis for ongoing work at the Griffon property. Management further cautions that historical results, discoveries and published resource estimates on adjacent or nearby mineral properties, whether in stated current resource estimates or historical resource estimates, are not necessarily indicative of the results that may be achieved on the Griffon property.

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, copper and lithium exploration projects located in the State of Nevada, USA.

Nevada Sunrise holds the right to purchase a 100% interest in the Griffon Gold Mine Project, located approximately 50 kilometers (33 miles) southwest of Ely, NV.

Nevada Sunrise holds the right to earn a 100% interest in the Coronado Copper Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV.

Nevada Sunrise owns 100% interests in the Gemini West, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda County, NV.

As a complement to its exploration projects in Esmeralda County, the Company owns Nevada Water Right Permit 86863, also located in the Lida Valley basin, near Lida, NV.

For Further Information Contact:
Warren Stanyer, President and Chief Executive Officer
email: warrenstanyer@nevadasunrise.ca Telephone: (604) 428-8028
Website: www.nevadasunrise.ca

FORWARD-LOOKING STATEMENTS

This release may contain forward‐looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to: the results of the VRIFY study seeking new target areas at Griffon; the anticipated benefits of integration of new exploration results with the VRIFY results; the ability of the Company to raise funds for exploration activities, permitting and property maintenance costs at Griffon; reliance on technical information provided by third parties on any of our exploration properties; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays due to weather events; delays in obtaining governmental approvals, financing or in the completion of exploration, as well as those factors discussed in the section entitled ‘Risk Factors’ in the Company’s Management Discussion and Analysis for the Nine Months ending June 30, 2025, which is available under Company’s SEDAR profile at: www.sedarplus.ca

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278476

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Spartan Metals Provides Encouraging Drill Assay Results for Tungstonia Tailings at its Eagle Project, Nevada

Investing 11 Mins Read

(TheNewswire)

 

Vancouver, Canada, December 18, 2025 TheNewswire – Spartan Metals Corp. (‘Spartan’ or the ‘Company’) (TSX-V: W | OTCQB: SPRMF | FSE: J03) is pleased to announce assay results from the drilling program at the Tungstonia Tailings deposit, which is part of the company’s 100% owned Eagle Tungsten-Silver-Rubidium Project (‘Eagle’ or ‘Project’) in eastern Nevada. The program consisted of 34 ~6.4-centimeter (2.5 inch) holes at approximate 12 meter (m) spacing totaling ~67 (m) comprising 133 samples with an average depth of near 2 m aligned with pre-drilling estimates of the tailings thickness.

 

Highlights:

  • Grades consistent with 2024 surface samples with weighted averages (based on sample weights) as follows: 

    • Tungsten grades of 0.13% WO 

    • Silver grades of 10.6 g/t 

    • Rubidium grades of 626 ppm 

  • Relatively consistent grades encountered in all holes with notable highlights: 

 

Hole ID

From (m)*

To (m)*

Interval (m)*

WO3%**

Ag (g/t)

Rb (ppm)

Tails-2509

0.00

0.46

0.46

0.20

8.0

563

0.46

0.91

0.46

0.24

6.3

886

Tails-2512

0.00

0.46

0.46

0.28

7.2

655

0.46

0.91

0.46

0.20

7.9

732

0.91

1.52

0.61

0.20

7.1

498

Tails-2519

0.00

0.46

0.46

0.21

8.2

686

0.46

0.91

0.46

0.23

8.0

615

0.91

1.52

0.61

0.22

6.2

488

Tails-2522

0.46

0.91

0.46

0.14

8.0

1,186

Tails-2526

0.91

1.52

0.61

0.30

95.4

246

1.52

1.98

0.46

0.42

123

182

1.98

2.44

0.46

0.21

19.1

1,181

* – holes were drilled in feet and converted to meters, intervals may not sum due to rounding.

** – tungsten was assayed as W ppm, converted W%, and then to WO3% using 1.261 conversion factor

 

Brett Marsh, Spartan’s President and CEO, states, ‘These positive assay results support our belief that the legacy Tungstonia tailings can be an important part of Spartan’s current objectives and could potentially contribute to the US tungsten and rubidium supply chain. We anticipate receiving metallurgical results from this program within the next couple of months that will help us better understand the economic potential we have in our readily accessible tailings and waste rock.’

 

Rebecca Ball, Spartan’s Vice President of Exploration, states, ‘Coming from a military family, I believe it is crucial to have a strong domestic critical metal supply chain. These tungsten and rubidium results may provide a new nationally significant presence of critical defense metals and potentially bring us closer to helping the US onshore it’s critical metal sources and decrease our reliance on foreign imports. I respect our military service members, and I am proud to be able to potentially help provide the US with resources that contribute to the security of those who serve and protect the USA.’

 

34 holes (Figures 1 to 3) were advanced vertically into the legacy tailings using a truck mounted auto hammer equipped hollow stem auger rig – the auger was not required because the coarse sand sized tail material is well compacted and the auto hammer advanced well and returned high quality samples. Each hole was advanced through the entirety of the tailings until native ground was encountered. Recovery was excellent at near 100% for all collected samples, representative images are shown in Figures 4 to 6. Samples were collected at 0.46 m (1.5 ft) and 0.61 m (2 ft) intervals from surface using 6.4-centimeter (2.5-inch) California split spoon tube sampler equipped with sand catcher. The full sample was placed into 11’x17′ Nano-Por Geological sample bags, sealed, and delivered to American Assay Lab (AAL) in Reno, Nevada for assay with representative material saved in chip trays for preservation. Field duplicates were obtained by splitting the sample into two equal portions and following the same procedures as full samples.

 

Sample intervals are considered true thicknesses as the tails were deposited horizontally and internal layering observed in the samples was effectively perpendicular to the vertical sample direction.

 

Significance of Assay Results

The weighted average tungsten results of 0.13% WO3 from all 133 samples is near cutoff for currently operating mines with the Almonty, Sangdong mine cutoff in South Korea reported at 0.15% WO3 (1). If the 0.15% WO3 cutoff from Sangdong – an underground mine – is applied, the weighted average of the 41 resulting samples is 0.20% WO3. The potential addition of silver and rubidium credits makes these results very encouraging and since the tailings have already been mined, transported, and processed, it is likely that a potential economic cutoff could be closer to the average of 0.13% WO3 obtained from the weighted average of all samples in this program.

 

Next Steps

Spartan will continue execution of the entire Phase 1 of the recommended work program from Spartan’s July 31, 2025, NI 43-101 Technical Report which is the characterization of the Tungstonia tailings that will be focused on metallurgical analysis, definition the overall geometry for tonnage calculations, 3D modeling, quantitative assessment, resource estimation, and economic evaluation to definitively determine economic viability and associated cutoff grades and there is no guarantee of economic viability.

 

Two holes drilled as twins of Tails-2519 and Tails-2527 were sampled in their entirety and delivered to McClelland Labs, Reno, Nevada for geological and metallurgical testing. The analyses are intended to identify the minerals that host tungsten and rubidium and understand recoverability using gravity and various leaching scenarios and will include:

  • QEMSCAN mineralogical identification, 

  • Whole rock geochemical analysis, 

  • Acid leach tests (Rb and W), 

  • Sulfide flotation tests (Ag potentially in galena), 

  • Mica flotation for Rb, 

  • Detailed gravity concentration testing. 

 

Spartan is currently developing the geometry and 3D models to be used as input for the initial resource estimate and economic evaluation with anticipated completion in early 2026.

 


Click Image To View Full Size

Figure 1 Plan map of Tungstonia Tailings drill holes.

  


Click Image To View Full Size

Figure 2 A – A’ cross section through tailings showing tungsten (drill traces) and silver (line graph) grades.

 


Click Image To View Full Size

Figure 3 B – B’ long section showing tungsten (drill traces) and silver (line graph) grades.

 


Click Image To View Full Size

Figure 4 Sample from hole Tails-2526 from 1.52 m – 1.98 m. Note excellent recovery and prevalence of sulphide minerals that contained 0.42 % WO3, 123 g/t Ag, 182 ppm Rb, 1044 ppm Bi, 0.67% Pb, and 0.12% Zn

 


Click Image To View Full Size

Figure 5 Sample from hole Tails-2512 from 0 m to 1.46 m. Note excellent recovery from surface with typical brownish orange color. Interval contains 0.28% WO3, 7.2 g/t Ag, and 654 ppm Rb.

  


Click Image To View Full Size

Figure 6 Sample from hole Tails-2522 from 0.46 m to 0.91 m. Note excellent recovery comprised of coarse sand and fine clay. Interval contains 0.14% WO3, 8.0 g/t Ag, and 1,186 ppm Rb

   

QA/QC Procedures

Samples were submitted to American Assay Lab (AAL) of Sparks, Nevada, which is a certified and accredited laboratory, independent of the Company. Samples are prepared using industry standard-prep methods and analyzed using method IM-4AB61 (61 element suite: 0.5g 4-acid plus boric acid hot block, ICP-OES+MS) plus IM-4ABEx ICP-MS for over limit Rb and G-FAAuAg – 30g gravimetric fire assay for overlimit Ag. AAL undertakes its own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Spartan’s QAQC includes regular insertion of CRM standards, duplicates, and blanks with a stringent review of results completed by the Company’s Qualified Person, Brett R. Marsh, President and CEO of Spartan Metals.

 

About The Eagle Project

The Eagle Project presents a unique opportunity to delineate one of the largest and highest-grade Tungsten (‘W’) and Rubidium (‘Rb’) districts in the United States. The Project consists of the past-producing high-grade Tungstonia and Rees/Antelope tungsten (W-Cu-Ag) mines. Operations at these mines were from 1915 to 1942 with intermittent small-scale production occurring until 1956. Tungsten production from these two mines totaled 8,379 units at grades between 0.6%-0.9% WO3 (2).

 

The Project is ~36.5 km² in size and located approximately 120 kilometers northeast of the town of Ely, in the Kern Mountains of White Pine County, Nevada. The Project covers 9,033 acres consisting of 445 Bureau of Land Management (BLM) unpatented lode mining claims. 

 

Three deposit types are present at Eagle; Porphyry, Skarn, and Carbonate Replacement (CRD) that contain significant or anomalous grades of Tungsten (W), Silver (Ag), and Rubidium (Rb) plus Cu-Sb±Au-Pb-Zn-Bi-As across three project focus areas that also includes the potential to recover W-Rb-Ag from the legacy Tungstonia Mill Tailings.

 

  1. (2)Nevada Bureau of Mines and Geology (1988), Bulletin 105 p213-217 

The technical information contained in this news release has been prepared under the supervision of, and approved by Brett R. Marsh, CPG. Mr. Marsh is President and CEO of Spartan Metals Corp. and a ‘qualified person’ as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

 

About Spartan Metals Corp.

Spartan Metals is focused on developing critical minerals projects in well-established and stable mining jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic.

 

Spartan’s flagship project is the Eagle Project in eastern Nevada that consists of one of the highest-grade historic tungsten resources in the USA (the past-producing Tungstonia Mine) along with significant under-defined resources consisting of: rubidium; antimony; bismuth; indium; as well as precious and base metals. More information about Spartan Metals can be found at www.SpartanMetals.com  

 

On behalf of the Board of Spartan

‘Brett Marsh’

President, CEO & Director

 

Further Information:

Brett Marsh, M.Sc., MBA, CPG

President, CEO & Director

1-888-535-0325

info@spartanmetals.com

 

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

 

Forward Looking Statements

This news release contains statements that constitute ‘forward-looking statements.’ Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential’ and similar expressions, or that events or conditions ‘will,’ ‘would,’ ‘may,’ ‘could’ or ‘should’ occur. Forward-Looking Information in this news release, Spartan has applied several material assumptions, including, but not limited to, assumptions that: the current objectives concerning the Company’s projects can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner; and that all requisite information will be available in a timely manner.

 

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.

 

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the ability of the Company to implement its business strategies; competition; the ability of the Company to obtain and retain all applicable regulatory and other approvals and other assumptions, risks and uncertainties.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

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