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West High YieldResources Ltd. Advances Processing Pilot Program, and Announces Permitting Advancement and Closing of Non-Brokered Private Placement

Investing 7 Mins Read

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the ‘Company’ or ‘West High Yield’) is pleased to announce: (i) the initiation of its proprietary processing pilot program at its magnesiumsilica Record Ridge industrial minerals project (the ‘Project’); (ii) significant advancement in permitting and post-permit compliance activities of the Project; and (iii) the closing of a single tranche (the ‘Closing’) of a conditionally approved non-brokered private placement offering (the ‘Offering’) of units (the ‘Units’).

Processing Pilot Program Update

The Company is pleased to report that it has initiated a pilot test of its proprietary metallurgical processing technology. A contract has been signed with Process Research Ortech Inc. (‘PRO‘) of Mississauga, Ontario, to conduct the pilot test at PRO’s laboratory facility.

Preparatory work is already underway, with pilot operations scheduled to begin in early February 2026 and completion, including delivery of a final report, expected in April 2026. This pilot program represents a significant step between the successful laboratory-scale research previously conducted at Kingston Process Metallurgy (‘KPM‘) in Kingston, Ontario, and future full-scale industrial implementation, providing critical data to validate process performance, operating parameters, and scalability.

The results from the pilot program are expected to provide essential data to support the initiation of a feasibility study for the Company’s first commercial processing plant, which is planned to commence in mid-Q2 2026.

Permitting and Post-Permit Compliance Update

Since receiving its Mines Act Permit from the British Columbia Ministry of Mining and Critical Minerals in October 2025 (the ‘Permit‘), the Company has been working closely with its consultants and government authorities to advance the remaining permitting requirements under the Project. These include the Environmental Management Act (British Columbia) permit, a ‘Water Licence’ under the British Columbia Water Sustainability Act, a ‘Licence to Cut’ from the British Columbia Ministry of Forests, and a Mine Access Permit from the British Columbia Ministry of Transportation and Transit. Significant progress has been made toward securing these approvals, and the Company anticipates receiving the remaining permits in the near future. Further updates will be provided as each approval is obtained.

The Company and its consultants are actively engaged in the post-permit compliance phase, working to complete and submit all required studies and reports in advance of construction. Final designs for the Project’s mine and access road have been completed, providing the technical foundation for the remaining compliance work.

The Company is confident that this phase will be finalized on schedule, positioning it to commence Project construction activities in Q2 2026.

Grant of Multi-Year Area-Based Exploration Permit

The Company is also pleased to report that British Columbia Ministry of Mining and Critical Minerals has granted it a multi-year area-based exploration permit valid for a five-year period. This permit authorizes the Company to carry out additional exploration activities, including drilling, on its mineral claims located outside the designated Record Ridge mining area, which is now fully covered under the existing Permit.

Closing of Non-Brokered Private Placement

The Closing under the Offering consisted of the issuance of 1,000,000 Units for gross proceeds of $500,000. The Units were issued at a price of $0.50 per Unit, with each Unit consisting of one (1) Common share of the Company (each, a ‘Common Share‘) and one-half (1/2) of one (1) Common Share purchase warrant (each, a ‘Warrant‘). Each Warrant, together with CAD$0.65, entitles the holder thereof to acquire one (1) additional Common Share for twelve (12) months from the date of the Closing.

All securities comprising the Units issued on the Closing are subject to a trading hold period expiring four months plus one day from the date of issuance. The proceeds from the Closing have been and will be used by the Company to cover essential operations and for general working capital purposes and expenses.

After completion of the Closing, the Company confirms that the Offering has been completed in full. The Company received conditional approval for the Offering from the TSX Venture Exchange (the ‘TSXV‘) on January 20, 2026 by way of filing a price reservation form. Final approval of the Offering remains subject to approval by the TSXV, which the Company has submitted for as of the date of this news release.

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101‘) Preliminary Economic Assessment technical report (titled ‘Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada’) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

Qualified Person

Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

Contact Information:

West High Yield (W.H.Y.) RESOURCES LTD.

Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488
Email: frank@whyresources.com

Barry Baim, Corporate Secretary
Telephone: (403) 829-2246
Email: barry@whyresources.com

Cautionary Note Regarding Forward-looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281636

News Provided by TMX Newsfile via QuoteMedia

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LaFleur Minerals Updates PEA and Beacon Gold Mill Restart Work

Investing 11 Mins Read

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) (‘LaFleur Minerals‘ or the ‘Company‘ or ‘Issuer‘) is pleased to announce major advancements with its Swanson Gold Deposit and Beacon Gold Mill which includes the advancement of technical studies evaluating the restart of gold production and retrofits to increase production rates at Beacon, as well as establishing requirements to expand its existing permitted tailings facility, all key components supporting the upcoming Preliminary Economic Assessment (PEA), which are in the final stage. The significant progress of key technical, metallurgical and infrastructure milestones for the PEA is integral to a disciplined, capital-efficient mill restart, which includes recently finalized positive verification of historical drilling with results to be announced near-term and ongoing recommissioning work at the Company’s wholly-owned Beacon Gold Mill.

PATH TO GOLD PRODUCTION RESTART AT BEACON GOLD MILL:

The Beacon Gold Mill last operated in 2022 with gold prices in the $1,800-2,000/oz range. With gold prices currently exceeding $4,900/oz, Lafleur is laser focused on restarting gold production at the Beacon Gold Mill leveraging supply from its 100%-owned district-scale Swanson Gold Deposit, located only ~50 km away, forming its vertically-integrated production model. The Swanson Gold Project, one of the largest gold exploration land packages in the Abitibi Gold Belt, Val-d’Or, Québec, holds a 43-101 compliant open pit and underground mineral resource; Total Indicated Mineral Resource Estimate of 2,113,000 t with an average grade of 1.8 g/t gold for 123,400 oz of contained gold, and Total Inferred Mineral Resource Estimate of 872,000 t with an average grade of 2.3 g/t gold for 64,500 oz of contained gold (MRE effective September 17, 2024 and reported in updated NI 43-101 technical report dated July 29, 2025). With a fully permitted tailings storage facility and proximity to established mining infrastructure, the Beacon Gold Mill offers a strategic ready to restart gold mill at a time when gold prices remain strong (USD $4,833/oz as of January 22, 2026; KITCO).

In parallel with regional exploration and drilling activities, the Company is also advancing technical studies aimed at optimizing and expanding the mill’s capabilities. Current work includes detailed assessments to enhance the existing metallurgical facility, supported by the development of updated cost estimates and retrofit flow sheets. These studies form part of a broader growth strategy that contemplates substantially increasing mill throughput, modernizing the process flowsheet, and advancing drilling programs to continually expand the mineral resources available to feed the Beacon Gold Mill.

RECENT FINANCING OF $7,800,000 CLOSED – BEACON GOLD MILL FUNDED FOR RESTART

LaFleur’s positioning is distinct compared to peers as it’s not in the conceptual stage but in full execution, given its 100%-owned, fully permitted Beacon Gold Mill with current 750 tpd capacity, funded for restart and entering revenue-generation stage. Beacon Gold Mill is scalable to 1,000 tpd under the PEA base case and 3,000-4,000 tpd under long term growth scenarios, offering a rare vertically integrated, mine-to-mill gold production platform that is scalable, enhancing control over costs and margins, with the possibility to leverage rail-enabled logistics, strengthening and solidifying the mill as a potential regional processing hub in Val-d’Or. Lafleur recently completed a total of $7,800,421 in funding to fully fund the restart of gold production at the Beacon Gold Mill (refer to press release dated January 5, 2026).

TECHNICAL ADVANCEMENTS TOWARDS DELIVERY OF PEA

  • The Swanson Deposit Mining Lease (BM885) has been reviewed for spatial suitability and is considered suited for the current mine plan. As the size of the mineral deposit and mining plan increases, the Company is evaluating opportunities to expand the permitted surface area through additional mining lease applications.
  • Verification diamond drilling to support the PEA at the Swanson Gold Deposit is now complete. These positive drilling results will support the upcoming technical report and mark a key milestone in advancing the Project. The material from this drilling will also be used and incorporated in ongoing and future metallurgical testing. Lafleur will provide detailed news release on the positive drill results once final assat results are received in the coming days.
  • LaFleur Minerals management team, together with ERM (Environmental Resources Management) and Canadian National Railway (CN), have initiated discussions regarding potential rail infrastructure enhancements to support long-term project development and delivery of feed from the Company’s Swanson Gold Project to Beacon Gold Mill. These discussions include a timeline for design and planning of relocating a small portion of the existing CN rail line (estimated at 6 months), then installing a dedicated rail spur to facilitate efficient loading and transport of material to the Beacon Gold Mill. The current CN line runs directly through both the Swanson Property and the Beacon Gold Mill site, presenting an opportunity to optimize logistics, reduce future hauling costs, decrease GHG emissions and support increased safety with less truck traffic through villages. Having direct rail access at the Beacon Gold Mill will significantly reduce transport costs and increase the range for the Company to accept satellite feed material, further enhancing the economics of gold production operations.
  • Metallurgical planning for the Swanson Gold Project and Beacon Gold Mill continues to advance. Work being completed by Bumigeme Inc. (Bumigeme) of Montréal and ERM, the PEA lead consultant, regarding potential retrofits to the Beacon Gold Mill to support increased feed processing capacity. The C$49 million as-built and permitted Beacon Gold Mill facility remains a key strategic asset for LaFleur Minerals.

Work to date has focused on evaluating the requirements to economically process Swanson mineralized material at the Beacon Gold Mill and to further the mill expansion, including:

SWANSON GOLD PROJECT AND BEACON GOLD MILL – PEA BASE CASE ACTIVITIES

  • Assessing upgrades to increase mill throughput to 1,000 tpd, including the capital costs associated with crushing, grinding and flotation circuit modifications.
  • Initiating a metallurgical testing program for Swanson mineralized material, with a total of 400 kg of representative diamond-drill-core and assay rejects to be collected in January 2026 for detailed testwork by SGS Canada in February and March 2026.

GROWTH PLANNING

Looking beyond the PEA, LaFleur Minerals is assessing future Beacon Gold Mill expansion scenarios in the 3,000-4,000 tpd range:

  • Preliminary capital requirements for these growth cases are currently under evaluation.
  • Bumigeme and ERM are jointly developing the metallurgical flowsheet options to support these potential expansions, which will be supported by metallurgical laboratory testing.
  • The current Beacon Gold Mill infrastructure is supported by an existing 4 MW power supply, providing a strong electrical foundation for current operations and planned throughput increases. This existing capacity enables the Company to evaluate upgrades in the PEA base case and supports future expansion scenarios.
  • Mine options analysis and associated economic trade-off studies are currently being undertaken to evaluate the viability of processing Swanson mineralized material at the Beacon Mill. These evaluations are intended to quantify the relative merits of alternative development pathways and to inform the selection of the preferred mine-to-mill configuration.
  • As metallurgical modernization concepts for the Beacon Gold Mill advance toward fully defined and executable process designs, the scope of the economic assessments may be expanded to incorporate additional growth scenarios, a sustainable environmentally friendly flowsheet and longer-term production strategies.

ABOUG BUMIGENE AND ERM:

Bumigeme Inc is a Quebec-based engineering firm specializing in mining, mineral processing, and metallurgical testing. They offer services including feasibility studies, NI 43-101 reports, and EPCM (Engineering, Procurement, and Construction Management) services. The company focuses on optimizing, designing, and operating mineral processing plants.
https://www.bumigeme.com

ERM (Environmental Resources Management)
https://www.erm.com/industries/mining-metals/
is a leading global sustainability consultancy providing end-to-end services for the mining sector, from exploration to closure. They specialize in ESG strategy, technical environmental services, social performance, risk management, and decarbonization to help mining companies navigate operational challenges and regulatory requirements. https://www.erm.com/industries/mining-metals/

Paul Ténière, CEO of LaFleur Minerals commented, ‘LaFleur Minerals is pleased with the technical milestones achieved to date, which represent strong progress as we advance toward delivery of a fully integrated PEA for our 100%-owned Swanson Gold Deposit and nearby Beacon Gold Mill. This work positions the Company to continue to fast track its streamlined development strategy centred on a restart of gold production at the Beacon Gold Mill located within one of Canada’s most established and well-supported Abitibi Gold Belt and ValDor, Quebec, gold-mining districts.’

BEACON GOLD MILL RESTART WORK UPDATE

LaFleur Minerals and Bumigeme have made strong operational progress at the Beacon Gold Mill during November and December 2025, quickly advancing the facility toward recommissioning to process a 100,000 tonne bulk sample from the Swanson Gold Deposit while maintaining a disciplined focus on cost control, safety, and execution.

Early activities included mobilization of contractors, restoration of site services, and inspection of critical safety infrastructure. Through coordination with environmental authorities, the Company optimized its winter access strategy to the tailings facilities, generating estimated cost savings exceeding $20,000.

During December 2025, LaFleur Minerals assembled its site leadership and technical team, awarded multiple service and equipment contracts, and initiated procurement of long-lead items required to bring the plant back into full operation. Minor electrical and heating upgrades were completed, and site cleaning and organization progressed steadily. Detailed equipment inspections have identified several opportunities to modernize aging components, positioning the plant for more reliable operations once recommissioned. Other work in mid-December included conveyor clean-out, pump replacement, inspection of drum filters, and preparation for mechanical and access upgrades. Recommissioning activities for the plant, crushing circuit, and overhead cranes are scheduled to begin by the end of January 2026.

These milestones mark a critical step in unlocking the value of the Beacon Gold Mill facility and demonstrate LaFleur Minerals methodical and capital-conscious approach to restarting operations.

QUALIFIED PERSON STATEMENT

All scientific and technical information in this news release has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the Company and considered a Qualified Person for the purposes of NI 43-101.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur Minerals has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road, allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Mineral’s fully refurbished and permitted Beacon Gold Mill is capable of processing 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LAFLEUR MINERALS INC.

Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are 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 statements in this news release include, without limitation, statements related to the use of proceeds from prior financings. 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 the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward- looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward- looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.

Click here to connect with LaFleur Minerals (CSE:LFLR,OTCQB:LFLRF) to receive an Investor Presentation

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Silver Dollar Outlines 2026 Exploration Plans at its La Joya Silver (Cu-Au) Project

Investing 8 Mins Read

Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) (FSE: 4YW) (‘Silver Dollar’ or the ‘Company’) is pleased to provide an overview of the 2026 exploration plans for advancing its flagship La Joya Silver (Cu-Au) Project in the state of Durango, Mexico.

To view an enhanced version of this graphic, please visit:
https://silverdollarresources.com/images/LaJoya/LaJoya-2b.jpg

Silver Dollar remains focused on its exploration strategy shift from potential open pit to underground development at the 100%-owned La Joya property (the ‘Property’). The Company is continuing to reinterpret historical data, targeting higher-grade underground mineralization within the 2 x 3 kilometer (km) La Joya mineralized complex.

Priority has been given to enhanced modeling of known high-grade mineralization, detailed underground and surface mapping and sampling, and the re-logging and sampling of select historical drill core. Through these efforts, Silver Dollar is gaining a better understanding of the mineralization and its controls, to guide and plan the next phase of drilling.

The current areas of focus are outside the historic resource areas, proximal to the sides of the intrusive bodies, and share similarities with the style of mineralization found at the nearby San Martin mine, located approximately 25 km southeast of La Joya (Figure 1).

The discovery of San Martin-type mineralization at La Joya (specifically at the Coloradito Intrusive, ‘El Brazo’) provides evidence supporting the concept of deeper mineralization around main intrusions at La Joya (Figure 2).

Figure 2: La Joya and San Martin Cross-Section Comparison.

To view an enhanced version of this graphic, please visit:
https://silverdollarresources.com/images/LaJoya/El-Brazo_San-Martin_X-Section-Comparsion.jpg

Both La Joya and San Martin are situated within the Cuesta del Cura Limestone and the overlying Indidura Formation, along the broadly defined San Luis-Tepehuanes fault system-commonly referred to as the Mexican Silver Belt. These intrusions are of the same age, similar in size and composition, and in both cases, mineralization is concentrated along the contact near the outer limit of skarn alteration surrounding the intrusion. Historically, the San Martin mine reportedly contained more than 300 million ounces of silver, with mineralization extending vertically over 850 meters. Drilling has indicated that mineralization remains open for an additional 400 meters below known intercepts, suggesting depths well beyond 1,200 meters (approximately 4,000 feet). This makes San Martin an ideal exploration model for targeting deeper mineralization at La Joya.

Five targets are being developed at La Joya (Figure 3) to drill test for deep San Martin-type mineralization below known (previously reported) mineralization or magnetic anomalies just off the sides of the intrusives:

Central Dyke: Delineated over a strike length of 770 meters (m) with 134 of 170 samples (156 channel and 14 rock grab samples) returning assays >100 grams per tonne (g/t) silver equivalent (AgEq) including sample #161, taken in altered carbonate sediments proximal to the intrusive, that returned 3,823 g/t AgEq.

El Brazo: Situated approximately 1 km west of La Joya’s Main Mineralized Trend (MMT), is a carbonate-hosted mineralized system exhibiting characteristics consistent with the San Martin carbonate replacement deposit (CRD) model. Drill hole NOR-22-013 intersected 232 g/t AgEq over 19.35m, including a higher-grade interval of 535 g/t AgEq (420 g/t Ag, 0.41 g/t Au, 0.05% Cu, 1.97% Pb, and 3.9 % Zn) over 5.0m. Silver Dollar’s El Brazo discovery not only confirms the presence of high-grade CRD mineralization but also highlights the potential to expand future mineral resource estimates at La Joya by including lead and zinc credits, which were notably absent from the historical calculations.

North Side: With historic hole LB96-04 intersecting results of 694 g/t AgEq over 8.6m at a depth of 401m, this deep high-grade mineralization identifies a ‘San Martin’ type target, along strike and to the north of the MMT. This target is below and beyond the depth of previous drilling and remains open in all directions.

Road Zone: Located just to the northwest of the MMT, is a blind gold-rich target, originally intersected at 126m in hole NOR-21-004 (that deviated while testing a deeper North Side target). This structure is identified by the presence of rhodonite with fine grained pyrite-chalcopyrite that assayed 1,099 g/t AgEq over 3m. Subsequently, similar mineralization was cut in holes NOR-22-010 (204 g/t AgEq over 2.09 m) and NOR-22-017 (700 g/t AgEq over 1.87m) over a strike length of 190m.

El Puerto Mag Anomaly: A ground magnetic anomaly that coincides with a topographic low between Coloradito and the MMT and just west of the Road Zone. This is a blind target in a potential prospective structural corridor.

To view an enhanced version of this graphic, please visit:

https://silverdollarresources.com/images/LaJoya/LaJoya-Deep-Targets.jpg

Silver equivalent is calculated using the following metal prices in USD: Au $1,750/oz, Ag $22/oz, Pb $1.25/lb, Zn $1.50/lb, Cu $4.30/lb. Recoveries of Au 66%, Ag 93%, Cu 70%, Pb 87%, Zn 84%, historically reported from Pan American Silver’s La Colorada mine and Southern Silver’s Cerro Minitas mine (Cu only), have been used in the AgEq calculation, and are assumed to be comparable to anticipated recoveries at La Joya. Reported assay results are factored according to the historic recoveries reported above.

‘We are well-funded and ready for an active year at La Joya, capitalizing on favorable market conditions and record-high prices for gold, silver, and copper,’ said Gregory Lytle, President of Silver Dollar. ‘Our exploration team is systematically advancing five priority areas that have been identified for deep San Martin-type mineralization, and we look forward to initiating drill testing as soon as the targeting work is finalized.’

About the La Joya Property:

La Joya is an advanced exploration stage property consisting of 15 mineral concessions totaling 4,646 hectares and hosts the Main Mineralized Trend (MMT), Santo Nino, and Coloradito deposits.

The previous operator, Silvercrest Mines, released a Preliminary Economic Assessment (PEA) NI 43-101 Technical Report on the La Joya Property in December 2013. The PEA included a mineral resource estimate (MRE) on only the MMT and Santo Nino deposits (See Historical MRE Table) that was primarily based on Silvercrest’s drilling between 2010 and 2012. The MRE was reported to conform to CIM definitions for resource estimation; however, a qualified person of Silver Dollar has not done sufficient work to classify the historical resource, and the Company is not treating it as a current mineral resource. Independent data verification and an assessment of the mineral resource estimation methods are required to verify the historical mineral resource.

To view an enhanced version of this graphic, please visit:

https://silverdollarresources.com/images/LaJoya/Historical-Resource-Model.jpg

The Property is situated approximately 75 kilometres southeast of the Durango state capital city of Durango in a high-grade silver region with past-producing and operating mines, including Silver Storm’s La Parrilla Mine, Industrias Penoles’ Sabinas Mine, Grupo Mexico’s San Martin Mine, Sabinas Mine, First Majestic’s Del Toro Mine, and Pan American Silver’s La Colorada Mine (Figure 1).

Dale Moore, P.Geo., the ‘Qualified Person’ as defined by National Instrument (NI) 43-101 has reviewed and approved the scientific and technical information contained in this news release. Dale Moore, P.Geo. is not independent of the Company in accordance with NI 43-101.

About Silver Dollar Resources Inc.

Silver Dollar is a dynamic mineral exploration company focused on North America’s premier mining regions. Our portfolio includes the advanced-stage La Joya Silver (Cu-Au) Project and the early-stage Nora Silver-Gold Project, both located in the prolific Durango-Zacatecas silver-gold belt. The Company is fully funded for 2026, having recently closed a financing with continued support from financial backers that include renowned mining investor Eric Sprott, our largest shareholder. Silver Dollar’s management team is committed to an aggressive growth strategy and is actively reviewing potential acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions.

For additional information, you can visit our website at silverdollarresources.com, download our investor presentation, and follow us on X at x.com/SilverDollarRes.

ON BEHALF OF THE BOARD

Signed ‘Gregory Lytle’

Gregory Lytle,
President, CEO & Director
Silver Dollar Resources Inc.
Direct line: (604) 839-6946
Email: greg@silverdollarresources.com
179 – 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9

Forward-Looking Statements:

This news release may contain ‘forward-looking statements.’ Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

Click here to connect with Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) (FSE: 4YW) to receive an Investor Presentation

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Crypto Market Update: Grayscale files for Binance-linked Investment Fund

Investing 6 Mins Read

Here’s a quick recap of the crypto landscape for Friday (January 23) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$89,425.01, trading flat over 24 hours.

Bitcoin price performance, January 23, 2025.

Chart via TradingView

“With the 10-year yield holding around the 4.2 – 4.3 percent range, global funding costs remain elevated, encouraging capital to favor assets with clear yields over non-yielding assets such as Bitcoin. In such an environment, BTC struggles to attract sustained new inflows unless markets begin to believe that the monetary policy cycle is approaching a turning point.

“The most decisive factor for BTC’s near-term outlook remains institutional flows, particularly through US spot BTC ETFs. Recent data show several sessions of heavy net outflows, with total net withdrawals for the week reaching US$1.19 billion so far. While total net assets held by Bitcoin ETFs remain elevated…the flow dynamics suggest that institutions are willing to take profits or reduce risk when the macro backdrop deteriorates. This signal should not be overlooked, as past cycles have shown that BTC only establishes a durable uptrend when ETF flows remain consistently positive, rather than through sporadic inflows that are quickly reversed.

“Without the support of fresh inflows, each rebound risks turning into a profit-taking opportunity, leaving the short-term trend choppy and lacking clear direction. From my perspective, the most plausible near-term scenario is for Bitcoin to continue consolidating in a cautious manner, with downside risks persisting if ETF outflows continue,” said Tran, adding that BTC will likely face renewed downward pressure due to its high sensitivity to risk appetite if bond yields rise or global markets become risk-averse.

Ether (ETH) was priced at US$2,936.38, trading flat over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.91, down by 0.4 percent over 24 hours.
  • Solana (SOL) was trading at US$126.86, down by 1.2 percent over 24 hours.

Today’s crypto news to know

Capital One to acquire Brex

Capital One announced its intention to acquire Brex, an AI-native software platform that uses AI agents to automate complex workflows, as well as providing corporate cards, automated expense management and real-time payments, in a combination of stock and cash transaction in a deal valued at US$5.15 billion.

”Since our founding, we set out to build a payments company at the frontier of the technology revolution,” said Richard D. Fairbank, Founder, chairman, and CEO of Capital One. “Acquiring Brex accelerates this journey, especially in the business payments marketplace.

“Brex invented the integrated combination of corporate credit cards, spend management software and banking together in a single platform,’ he added. “They have taken the rarest of journeys for a fintech, building a vertically integrated platform from the bottom of the tech stack to the top.”

The transaction is expected to close in the middle of calendar year 2026, subject to the satisfaction of customary closing conditions.

“Together, we’ll maximize founder mode by combining Brex’s payments expertise and spend management software with Capital One’s massive scale, sophisticated underwriting, and compelling brand to accelerate growth and increase the speed at which we can offer better finance solutions to the millions of businesses in the US mainstream economy,” said Pedro Franceschi, founder and CEO of Brex.

Grayscale files for BNB-linked investment fund

Grayscale filed for permission from the US Securities and Exchange Commission to launch a new investment fund tied directly to BNB, the digital currency linked to the Binance ecosystem.

According to the filing, the fund will trade on Nasdaq under the ticker symbol GBNB, subject to regulatory approval.

If approved, it would allow people to bet on the price of BNB through a traditional brokerage account rather than having to use a specialized crypto exchange.

Revolut abandons US merger to focus on banking license application

Digital banking firm Revolut has reportedly decided abandon its to merge with a US lender and is instead focusing on building its own foundation in the US by applying for a formal banking license, according to sources for the Financial Times.

Insiders added that executives at Revolute determined that a takeover would prove too complicated, requiring brick-and-mortar branches as well as engagement with US regulators, but that the deregulatory push under the Trump administration would likely result in a speedy approval process for a de novo bank licence application.

Ledger lines up US$4 billion New York IPO

Ledger is preparing a New York Stock Exchange listing that could value the French hardware wallet maker at more than US$4 billion, according to a report by the Financial Times.

The company was last valued at US$1.5 billion in a 2023 funding round, underscoring how sharply sentiment has shifted toward crypto infrastructure firms.

Goldman Sachs (NYSE:GS), Jefferies Financial Group (NYSE:JEF), and Barclays (NYSE:BCS) are said to be advising on the deal, which could launch as soon as this year.

The move follows BitGo’s (NYSE:BTGO) recent NYSE debut, which helped reopen public markets for crypto-native companies. Ledger has benefited from surging demand for self-custody as high-profile crypto hacks continue to mount.

If completed, the listing would rank among the largest US IPOs by a European crypto firm.

Kansas weighs Bitcoin reserve from unclaimed digital assets

Lawmakers in Kansas are considering a bill that would create a state-run Bitcoin and digital assets reserve without buying crypto directly.

Senate Bill 352 proposes funding the reserve using unclaimed digital property already held by the state, including abandoned crypto, airdrops, staking rewards, and interest. The fund would sit within the state treasury and be administered by the Kansas treasurer.

Under the proposal, 10 percent of each deposit would flow into the general fund, while Bitcoin itself would be retained exclusively in the reserve.

UBS explores crypto trading for private banking clients

UBS Group (NYSE:UBS) is evaluating plans to offer cryptocurrency trading to select private banking clients, Bloomberg News reported, citing people familiar with the matter.

The Swiss lender is said to be choosing partners to support buying and selling of Bitcoin and Ether for clients in Switzerland. The offering could later expand to Asia-Pacific and the United States if demand holds.

While UBS has not confirmed the plans publicly, the move would align it with peers gradually opening crypto access. JPMorgan and Morgan Stanley have both signaled expanded digital asset offerings in recent months.

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

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

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Domestic Metals Engages ICP Securities Inc. for Automated Market Making Services and provides further details on the engagement of Michael Pound

Investing 6 Mins Read

Domestic Metals Corp. (the ‘Company’ or ‘Domestic’) (TSXV: DMCU; OTCQB: DMCUF; FSE: 03E) announces that it has engaged the services of ICP Securities Inc. (‘ICP’) to provide automated market making services, including use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement between the Company and ICP was signed with a start date of January 23, 2026 and is for four (4) months (the ‘Initial Term’) and shall be automatically renewed for subsequent one (1) month terms (each month called an ‘Additional Term’) unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.

ICP is an arm’s length party to the Company. ICP’s market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company’s shares. ICP will be responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be providing funds or securities for the market making activities.

Engagement of Michael Pound

Pursuant to the Company’s news release dated December 11, 2025, the Company provides additional clarification pursuant to Michael Pound’s engagement. The Company added Michael Pound to its Investor Relations team. Michael has over 30 years of Market experience and also holds a wealth of knowledge including an extensive network within the small cap community. Mr. Pound will be focused on investor outreach to that community and will provide shareholder and corporate communication services and other investor relations related services. Mr. Pound will be paid a monthly cash fee of C$7,500 per month plus applicable taxes. The term of the agreement is for twelve (12) months and, will automatically renew for an additional one-year term, and shall thereafter renew for further one-year terms unless terminated pursuant to the terms of the agreement. On February 17, 2025, Mr. Pound was granted 500,000 options at an exercise price of $0.10 and included vesting provisions whereby one-quarter of the options vest every four months. The Company confirms that Mr. Pound is a less than 5% shareholder of the Company and, his engagement is at arm’s length to the Company.

Opportunity to Meet with Domestic’s Management

We appreciate meeting with our supporters and shareholders in person to provide a detailed update and as such are looking forward to seeing you at our booth #1101 at the VRIC in Vancouver on January 25-26, 2026 and booth #3139 at the Investors Exchange at the PDAC, March 1-4, 2026, in Toronto.

About ICP Securities Inc.

ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

About Domestic Metals Corp.

Domestic Metals Corp. is a mineral exploration company focused on the discovery of large-scale, copper and gold deposits in exceptional, historical mining project areas in the Americas.

The Company aims to discover new economic mineral deposits in historical mining districts that have seen exploration in geologically attractive mining jurisdictions, where economically favorable grades have been indicated by historic drilling and outcrop sampling.

The Smart Creek Project is strategically located in the mining-friendly state of Montana, containing widespread copper mineralization at surface and hosts 4 attractive porphyry copper, epithermal gold, replacement and exotic copper exploration targets with excellent host rocks for mineral deposition.

Domestic Metals Corp. is led by an experienced management team and an accomplished technical team, with successful track records in mine discovery, mining development and financing.

On behalf of Domestic Metals Corp.

Gord Neal, CEO and Director
(604) 657 7813

Follow us on:
X, LinkedIn, Facebook and Instagram

For more information on Domestic Metals, please contact:
Gord Neal, Phone: 604 657-7813 or Michael Pound, Phone: 604 363-2885

Please visit the Company website at www.domesticmetals.com or contact us at info@domesticmetals.com.

For all investor relations inquiries, please contact:
John Liviakis, Liviakis Financial Communications Inc., Phone: 415-389-4670

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain statements that may be deemed ‘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 statements may include, without limitation, statements relating to the Company’s continued stock exchange listings and the planned exploration activities on properties. 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, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to: competition within the industry; actual results of current exploration activities; environmental risks; changes in project parameters as plans continue to be refined; future price of commodities; failure of equipment or processes to operate as anticipated; accidents, and other risks of the mining industry; delays in obtaining approvals or financing; risks related to indebtedness and the service of such indebtedness; as well as those factors, risks and uncertainties identified and reported in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. Although the Company 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. Accordingly, readers should not place undue reliance on forward-looking statements. 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. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

News Provided by GlobeNewswire via QuoteMedia

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Top 5 Canadian Mining Stocks This Week: Euro Manganese Gains 134 Percent

Investing 12 Mins Read

On Monday (January 19), Statistics Canada released the consumer price index (CPI) figures for December. The data showed an uptick in inflation to 2.4 percent year-over-year, up from 2.2 percent in November.

Much of the increase was driven by a 5 percent increase in grocery prices and an 8.5 percent increase in food purchased from restaurants. StatsCan noted that the rise coincides with the GST/HST holiday that began on December 14, 2024, which primarily affected those two categories. The holiday ended on February 15, 2025.

Balancing out the increase were declines in prices at the pump, with gas prices falling 13.8 percent year-over-year, following a 7.8 percent decrease in November.

The reporting agency also released its annual CPI review on Monday. In that release, StatsCan indicated that on an annual average basis, CPI rose 2.1 percent in 2025, after recording a 2.4 percent increase in 2024. The year’s growth rate also marked the smallest increase since 2020. However, over the past 5 years, consumer prices have increased by 19.9 percent.

In 2025, energy prices declined 5.7 percent after a modest 0.6 percent decrease in 2024 due to the removal of the carbon tax. On the other hand, grocery prices rose by 3.5 percent in 2025, after a 2.2 percent increase in 2024.

Statistics Canada released its November monthly mineral production survey on Tuesday (January 20). StatsCan noted that data from September and October were revised for this release, with October’s figures for gold, silver, and copper production receiving downward revisions.

As for November’s numbers, gold production decreased to 18,086 kilograms compared to 18,342 kilograms in October. Meanwhile, copper production rose to 39.7 million kilograms from 39.3 million kilograms, and silver production fell to 23,198 kilograms from 27,169 kilograms.

Gold shipments rose to 17,625 kilograms from 15,145 kilograms, and silver shipments grew to 27,799 kilograms from 26,207 kilograms. Copper shipments increased to 45.87 million kilograms from 26.45 million kilograms.

This week also marked the latest meeting of the World Economic Forum in Davos, Switzerland. In a speech at the forum, Canadian Prime Minister Mark Carney made waves when he spoke of a rupture in the world order and the importance for middle powers to diversify their relationships amid the uncertainty that has arisen among the world’s superpowers.

The speech was broadly hailed by world leaders, including Mexico’s President Claudia Sheinbaum, Finnish President Alexander Stubb and California Governor Gavin Newsom, who said, ‘I respect what Carney did because he had courage of convictions, he stood up, and I think we need to stand up in America and call this out with clarity.’

However, some US leaders were less complimentary, with US Commerce Secretary Howard Lutnik calling the speech “political noise.” It may also be among the reasons that US President Donald Trump rescinded his invitation for Carney to join his newly minted “Board of Peace” on Thursday (January 22).

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 mixed this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 0.34 percent over the week to close Friday at 33,144.98, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) fared better, rising 5.53 percent to 1,154.15. The CSE Composite Index (CSE:CSECOMP) went the other way, losing 0.39 percent to close at 187.36.

The gold price continued to trade at all-time highs this week, reaching US$4,989.94 on Friday afternoon. Overall, it gained 7.96 percent on the week to trade at US$4,984.92 by Friday at 4:00 p.m. EST.

The silver price performed even better, officially hitting triple digit silver when it broke above US$100 per ounce on Friday at new highs. It posted a weekly gain of 11.19 percent, closing Friday at US$102.72. Silver has gained nearly 42 percent since the start of 2026 and 233 percent from this same time last year.

In base metals, the Comex copper price rose 1 percent this week to US$5.98.

The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) rose 3.61 percent to end Friday at 584.13.

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 4:00 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. Euro Manganese (TSXV:EMN)

Weekly gain: 134.29 percent
Market cap: C$23.56 million
Share price: C$0.41

Euro Manganese is a manganese development company working to advance its Chvaletice waste recycling project. The operation is focused on extracting manganese from tailings that are part of a decommissioned mine site near Prague, Czechia. As part of the project’s scope, the company says it will carry out remediation and reclamation work to bring the site into compliance with environmental regulations.

A 2022 feasibility study for the Chvaletice project indicates that it will produce 48,000 metric tons of manganese per year and is expected to have a project life of 25 years. In the study, the company reports a post-tax net present value of US$1.3 billion with an internal rate of return of 22 percent and a payback period of 4 years.

Shares in Euro Manganese were up this week, but the company has not released news since January 13, when it announced that John Webster tendered his resignation from the company’s board of directors.

Euro noted on Friday that it was unaware of any material change in its operations that could have caused the price rise.

2. Kingfisher Metals (TSXV:KFR)

Weekly gain: 106.35 percent
Market cap: C$38.24 million
Share price: C$0.65

Kingfisher Metals is an exploration company focused on its HWY 37 project located in British Columbia, Canada.

The property, located in BC’s Golden Triangle, covers 933 square kilometers and hosts several porphyry and epithermal copper and gold deposits, including Hank and Williams, which were identified during historical exploration of the site.

On January 13, the company announced additional results from its 2025 exploration and drill program at HWY 37, releasing assays for three drill holes at the Williams deposit, two of which some of Williams’ longest copper intercepts yet. Kingfisher highlighted one hole, with grades of 0.47 percent copper equivalent over 889.35 meters, starting 3.65 meters from surface, which also included an interval of 1.16 percent copper equivalent over 40 meters.

Then on Thursday (January 22), Kingfisher reported that it had received the final results from the program, this time in the form of a deep drill hole at the Hank epithermal gold-silver system. While the hole intersected Hank’s typical mineralisation in the upper half of the hole, starting at 534 meters it encountered a 425 meter interval grading 0.4 percent copper equivalent.

The company said this represented a blind discovery, with no previous porphyry copper and gold mineralization being reported at Hank.

“The final hole of the 2025 program validates our long-standing belief that the shallow Hank Au-Ag epithermal mineralization is driven by a large porphyry Cu-Au system,” said Kingfisher CEO Dustin Perry.

3. Core Critical Metals (TSXV:CCMC)

Weekly gain: 94.68 percent
Market cap: C$15.04 million
Share price: C$1.83

Core Critical Metals is an exploration company working on its Timmins nickel project in Ontario, Canada. The company was previously known as Xander Resources but announced in August that it was changing its name to Core Critical Metals.

The project holds a strategic position, with two properties totaling 393 claims located west along trend from Canada Nickel Company’s (TSXV:CNC,OTCQX:CNIKF) Crawford property and adjacent to Canada Nickel’s Reid discovery.

On Monday, Core Critical Minerals issued a release congratulating Canada Nickel on the success of Crawford’s development. It also noted Crawford’s inclusion for the second tranche of projects from the Government of Canada’s Major Project Office in November 2025, and the more recent designation under Ontario’s One Project, One Process framework on January 13.

Additionally, the company announced on January 15 that it had issued 1.24 million common shares to settle a C$400,000 exploration debt with the vendor of a property option agreement for the CNC West property. It followed this news the next day when it announced a two-for-one stock split on January 16.

4. GoldHaven Resources (CSE:GOH)

Weekly gain: 94.44 percent
Market cap: C$10.3 million
Share price: C$0.35

GoldHaven Resource is an exploration and development company advancing projects in British Columbia and Brazil.

Its most recent focus has been on its Magno project in BC’s Cassiar mining district. The property consists of 53 mineral claims covering 36,814.16 hectares and borders mineral claims held by Cassiar Gold (TSXV:GLDC,OTCQX:CGLCF) and Coeur Mining (NYSE:CDE).

The site hosts silver, lead and gold mineralization at Magno North, with additional quantities of tin, indium and gallium. Porphyry targets at Magno West have shown mineralization with copper and molybdenum.

Since the start of the year, the company has released a trio of updates from Magno.

The first came on January 6, when it announced that preliminary assays from surface exploration confirmed the presence of silver, lead, zinc, tungsten and critical minerals across multiple zones at the property. The release highlighted grades of up to 2,370 grams per metric ton silver, 19.25 percent zinc, 6,550 parts per million (ppm) tungsten and 334 ppm indium.

The second release came on January 14, providing additional information on its tungsten results, noting that exploration confirmed anomalous tungsten mineralization at the historical Kuhn and Dead Goat showings, and found a new tungsten zone at Vines Lake.

The most recent release came on Thursday when GoldHaven reported that indium grades at the site show it is a ‘meaningful critical mineral component of the Magno system.’ These elevated grades were found to be restricted to the Magno and D Zones, as well as the Kuhn and Dead Goat showings.

5. Ascot Resources (TSX:AOT)

Weekly gain: 91.21 percent
Market cap: C$38.24 million
Share price: C$1.74

Ascot Resources is a Canadian gold exploration and development company focused on the negotiating the restart of mining operations at its Premier gold project, and on its Red Mountain gold project.

The site is located within the Golden Triangle area of Northern British Columbia, and hosts the Premier, Silver Coin and Big Missouri deposits, as well as one of only three mills in the region.

Production at the mine began in April 2024, but operations were placed on care and maintenance in September 2024. At the time, the company said it had fallen behind schedule in developing the mine and did not have enough material to feed the mill.

In an update from April 2025, the company said it was anticipating the mine would restart in early August at an initial rate of 1,250 metric tons per day. However, on June 25, Ascot announced that the mine would not restart as negotiations with mining contractor Procon Mining regarding the cost of mining services had stalled.

On October 23, the company announced that the mine would remain on care and maintenance and that it had engaged Fiore Management to assist with restructuring, refinancing and enhancing the leadership team at Ascot.

Since that time, the company has launched a fundraising effort, with the most recent news on December 31, when it announced it had closed the first tranche of a private placement raising C$809.1 million.

In that release, President and CEO Robert McLeod stated that further detailed updates on Ascot’s plans, as well a proposed rebrand, would be coming in the weeks ahead. ‘We believe the rapid development of the high-grade, underground bulk-mineable Red Mountain Project is the key to the successful commissioning and operation of a centralized mill to process material from the multiple deposits in the Golden Triangle.”

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 May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

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.

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Spartan Metals – Announces Adoption of New Equity Incentive Plans and the Grant of Security-Based Compensation

Investing 3 Mins Read

(TheNewswire)

Vancouver, Canada, January 23, 2026 TheNewswire – Spartan Metals Corp. (‘Spartan’ or the ‘Company’) (TSX-V: W | OTCQB: SPRMF | FSE: J03) announces its shareholders have approved the Company’s new 10% rolling stock option plan (the ‘Option Plan’) and it’s share unit plan (the ‘Share Unit Plan’) (collectively the ‘Equity Incentive Plans’) at the Company’s annual meeting of shareholders held on January 19, 2026 (the ‘Shareholders’ Meeting’).

 

The Equity Incentive Plans provide the Company with the ability to issue stock options (‘Options‘), restricted share units (‘RSU’s‘) and deferred share units  (‘DSU’s‘) to directors, officers, employees or consultants of the Company or its subsidiaries. The aggregate number of common shares reserved for issuance in connection with the Option Plan shall not exceed 10% of the issued and outstanding common shares of the Company at the time of grant.  The number of shares reserved for issuance under the Share Unit Plan shall not exceed 2,500,000 common shares.

 

Further details regarding the Equity Incentive Plans are included in the management information circular of the Company filed on SEDAR+ in connection with the Shareholders’ Meeting.

 

The Company further announces it has granted an aggregate of 1,850,000 Options to directors, officers, employees and consultants of the Company in accordance with the Company’s Option Plan. These Options are exercisable at $0.395per share for a period of five years. The Company also announces that it has granted an aggregate of 682,000 DSU’s to directors and officers of the Company and 60,000 RSU’s to eligible persons of the Company. The DSUs and RSUs are governed by the Company’s Share Unit Plan and will be subject to applicable securities law hold periods.

 

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

 

Copyright (c) 2026 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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CORRECTION – Domestic Metals Engages ICP Securities Inc. for Automated Market Making Services and provides further details on the engagement of Michael Pound

Investing 6 Mins Read

Wording in 3rd paragraph ‘Engagement of Michael Pound’ has been corrected to reflect that Mr. Pound is no longer at arm’s length of the company.

Domestic Metals Corp. (the ‘Company‘ or ‘Domestic‘) – (TSXV: DMCU,OTC:DMCUF; OTCQB: DMCUF; FSE: 03E) announces that it has engaged the services of ICP Securities Inc. (‘ICP‘) to provide automated market making services, including use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement between the Company and ICP was signed with a start date of January 23, 2026 and is for four (4) months (the ‘Initial Term’) and shall be automatically renewed for subsequent one (1) month terms (each month called an ‘Additional Term’) unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.

ICP is an arm’s length party to the Company. ICP’s market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company’s shares. ICP will be responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be providing funds or securities for the market making activities.

Engagement of Michael Pound

Pursuant to the Company’s news release dated December 11, 2025, the Company provides additional clarification pursuant to Michael Pound’s engagement. The Company added Michael Pound to its Investor Relations team. Michael has over 30 years of Market experience and also holds a wealth of knowledge including an extensive network within the small cap community. Mr. Pound will be focused on investor outreach to that community and provide shareholder and corporate communication services and other investor relations related services. Mr. Pound will be paid a monthly cash fee of C$7,500 per month plus applicable taxes. The agreement was entered into on February 17, 2025 and is for twelve (12) month term which will automatically renew for an additional one-year term, and shall thereafter renew for further one-year terms unless terminated pursuant to the terms of the agreement. On February 17, 2025, Mr. Pound was granted 500,000 options at an exercise price of $0.10 for a period of five years and includes vesting provisions whereby one-quarter of the options vest every four months. Mr. Pound is no longer at arm’s length to the Company as he holds stock options and is a less than 5% shareholder of the Company.

Opportunity to Meet with Domestic’s Management

We appreciate meeting with our supporters and shareholders in person to provide a detailed update and as such are looking forward to seeing you at our booth #1101 at the VRIC in Vancouver on January 25-26, 2026 and booth #3139 at the Investors Exchange at the PDAC, March 1-4, 2026, in Toronto.

About ICP Securities Inc.

ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

About Domestic Metals Corp.

Domestic Metals Corp. is a mineral exploration company focused on the discovery of large-scale, copper and gold deposits in exceptional, historical mining project areas in the Americas.

The Company aims to discover new economic mineral deposits in historical mining districts that have seen exploration in geologically attractive mining jurisdictions, where economically favorable grades have been indicated by historic drilling and outcrop sampling.

The Smart Creek Project is strategically located in the mining-friendly state of Montana, containing widespread copper mineralization at surface and hosts 4 attractive porphyry copper, epithermal gold, replacement and exotic copper exploration targets with excellent host rocks for mineral deposition.

Domestic Metals Corp. is led by an experienced management team and an accomplished technical team, with successful track records in mine discovery, mining development and financing.

On behalf of Domestic Metals Corp.

Gord Neal, CEO and Director
(604) 657 7813

Follow us on:
X, LinkedIn, Facebook and Instagram

For more information on Domestic Metals, please contact:
Gord Neal, Phone: 604 657-7813 or Michael Pound, Phone: 604 363-2885

Please visit the Company website at www.domesticmetals.com or contact us at info@domesticmetals.com.

For all investor relations inquiries, please contact:
John Liviakis, Liviakis Financial Communications Inc., Phone: 415-389-4670

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain statements that may be deemed ‘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 statements may include, without limitation, statements relating to the Company’s continued stock exchange listings and the planned exploration activities on properties. 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, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to: competition within the industry; actual results of current exploration activities; environmental risks; changes in project parameters as plans continue to be refined; future price of commodities; failure of equipment or processes to operate as anticipated; accidents, and other risks of the mining industry; delays in obtaining approvals or financing; risks related to indebtedness and the service of such indebtedness; as well as those factors, risks and uncertainties identified and reported in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. Although the Company 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. Accordingly, readers should not place undue reliance on forward-looking statements. 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. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

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Freeport-McMoRan Plans 2026 Grasberg Restart After Deadly Mud Rush

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

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

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

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

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

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

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

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

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

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

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

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

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Freegold Provides an Update on its 2026 Plans

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2026: Opportunities and Objectives 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Cautionary Statement Regarding Forward-Looking Information
This press release contains statements that constitute ‘forward-looking information’ (collectively, ‘forward-looking statements‘) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release, include, without limitation, statements regarding advancing the Golden Summit Project and other exploration plans and results of any drill programs, statements regarding the timing for and expected completion of a pre-feasibility study, the results of any environmental initiatives or metallurgical testing and any development, or drilling. In making the forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: availability of financing; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. See Freegold’s Annual Information Form for the year ended December 31, 2024, filed under Freegold’s profile at www.sedarplus.com, for a detailed discussion of the risk factors associated with Freegold’s operations.

SOURCE Freegold Ventures Limited

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