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Freeport-McMoRan Plans 2026 Grasberg Restart After Deadly Mud Rush

Investing 3 Mins Read

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

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

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

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

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

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

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

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

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

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

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

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

This post appeared first on investingnews.com

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

Investing 5 Mins Read

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

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

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

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

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

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

    About the Baptiste Nickel Project

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

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

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

    About FPX Nickel Corp.

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

    On behalf of FPX Nickel Corp.

    ‘Martin Turenne’

    Martin Turenne, President, CEO and Director

    Forward-Looking Statements

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

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

    SOURCE FPX Nickel Corp.

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

    News Provided by Canada Newswire via QuoteMedia

    This post appeared first on investingnews.com

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

    Investing 5 Mins Read

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

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

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

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

    A mysterious and vague framework

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

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

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

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

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

    A resource-centric agenda

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

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

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

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

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

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

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

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

    Shades of an existing agreement

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

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

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

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

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

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

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

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

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

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

    This post appeared first on investingnews.com

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    THE SCARCITY CYCLE: 5 Assets for the Physical Reset

    Investing 7 Mins Read

    USANewsGroup.com Market Intelligence Brief –

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

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

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

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

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

    THE DISTRICT CONSOLIDATOR – RUA.V

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

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

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

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

    THE DIGITAL SOVEREIGNTY – QSE.CN

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

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

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

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

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

    THE VELOCITY THRESHOLD – VWAV

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

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

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

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

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

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

    THE DOMESTIC EXTRACTION – ARS.CN

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

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

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

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

    Critical minerals require critical infrastructure. ARS now controls both.

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

    THE POLYMETALLIC PIVOT – GOH.CN

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

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

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

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

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

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

    CONTACT:

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

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

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    Providence Gold Mines Inc. Closes Financing

    Investing 4 Mins Read

    (TheNewswire)

     

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

     

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

     

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

     

        The Property:

     

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

     

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

     

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

     

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

     

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

     

    Ronald A. Coombes, President & CEO

    Phone: 604 724 2369

    roombes@providencegold.com

     

          CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

     

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

     

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

    Copyright (c) 2026 TheNewswire – All rights reserved.

    News Provided by TheNewsWire via QuoteMedia

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

    Investing 5 Mins Read

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

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

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

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

    Four vectors driving demand

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    Supply constraints tightens the outlook

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

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

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

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

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

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

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

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

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

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

    This post appeared first on investingnews.com

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

    Investing 6 Mins Read

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

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

    FIGURE 1: Cu bearing VMS mineralization.

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

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

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

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

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

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

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

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

    About Nine Mile Metals Ltd.:

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

    ON BEHALF OF NINE MILE METALS LTD.,

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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    BHP’s Copper and Iron Ore Assets Deliver “Strong” Results

    Investing 3 Mins Read

    Commodities giant BHP (ASX:BHP,NYSE:BHP,LSE:BHP) has published an operational review for the half year of 2025, highlighting celebratory results at its copper and iron ore operations, including Australia.

    BHP Chief Executive Officer Mike Henry attributed the positive price environment while recognising the company’s achievements, citing that copper was up 32 percent while iron ore was 4 percent higher.

    Escondida, BHP’s flagship copper operation located in the Atacama Desert in Northern Chile, was said to have achieved record concentrator throughput.

    The Chilean project is regarded as the world’s largest copper concentrate and cathodes producer, displaying a production record of 644,000 kilotonnes.

    “Antamina has also lifted its production guidance, and Spence and Copper South Australia are tracking to plan, with Copper South Australia achieving record refined gold output,” Henry added.

    The company’s South Australian copper assets include the Olympic Dam, Carrapateena, and Prominent Hill projects, which were recently highlighted in a copper outlook and review by the South Australian Government.

    “BHP is the largest producer of copper in the world, and we expect to grow our copper base from 1.7 million tonnes to around 2.5 million tonnes per annum,” said BHP COO Edgar Basto in an October 2025 statement.

    For iron ore, BHP reported that it achieved record first half production and shipments at its Western Australia Iron Ore (WAIO) operation.

    WAIO’s production rose 1 percent compared to its previous record of the same period, having a total of 146.6 million tonnes of iron ore in the half-year to December 31.

    Volumes from BHP’s 50-50 Brazilian joint venture Samarco were also highlighted, rising as a result of strong operational performance at the second concentrator following its restart at the end of H1 FY25.

    Main dam commissioning at Samarco is advanced and scheduled for completion by 2029.

    In a separate announcement, BHP updated its cost estimate for Stage 1 of its Jansen potash project, which is said to be on track for production in mid-2027.

    From the previously estimated range of US$7.0 billion, the cost now stands at US$7.4 billion (including contingencies). The initial estimate of the investment cost in August 2021 was US$5.7 billion.

    “As announced in July 2025, these cost increases have been driven by inflationary and real cost escalation pressures, design development and scope changes and lower productivity outcomes,” BHP said.

    The mining giant said that it is entering the second half of financial year 2026 “with strong operating momentum.”

    Half-year financial results of BHP are scheduled to come out on February 17.

    “We’re investing for the decade ahead, with a significant copper growth pipeline and a pathway to approximately 2 million tonnes of attributable copper production in the 2030s.”

    Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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    Sankamap Advances Toward Inaugural Drilling at Kuma Property in the Solomon Islands

    Investing 9 Mins Read

    Sankamap Metals Inc. (CSE: SCU) (‘Sankamap‘ or the ‘Company‘) is pleased to provide an exploration update from its 4,500-hectare (‘Ha’) Kuma property (‘Kuma’) located approximately 37 kilometers (‘km’) southeast of Honiara in south-central Guadalcanal, Solomon Islands.

    In preparation for its inaugural drill program, the Company has mobilized a field crew to advance camp construction, complete drill pad development, and conduct rock sampling, while integrating existing data to refine and prioritize high-potential targets.

    The Kuma Property is strategically located along a highly prospective trend that hosts several major deposits including Lihir1 and Panguna2, both sharing geological similarities to the Kuma property.

    1 Lihir containing 71 Moz Au1 (310 Mt containing 23 Moz Au at 2.3 g/t Proven+Probable (‘P&P’), 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)

    2 Panguna containing 19.3 Moz Au + 5.3 Mt Cu2 (1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3 % Indicated, 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu Inferred)

    CEO John Florek commented:

    ‘We are excited to launch our inaugural drill program at Kuma. With ongoing field work, including camp and drill pad development, rock sampling, and a drill rig on route to the property we are well-positioned to advance high-potential targets. The team is focused on efficiently progressing the program in this highly prospective region, with drilling on track to begin in February 2026.

    Kuma benefits from established in-country support, located approximately 15 km south of the producing Gold Ridge Mine3. Compelling historical and recent exploration results indicate the presence of a significant mineralized system, interpreted to be analogous to porphyry-style copper-gold systems. Notably, historical boulder sampling has returned values of up to 13.5 g/t Au and 11.7% Cu, underscoring the exceptional exploration potential.’

    3Goldridge containing 8.4 Moz Au (23 Mt containing 0.86 Moz Au at 1.15 g/t measured, 79 Mt containing 3.1 Moz Au at 1.2 g/t indicated, 89 Mt containing 3.3 Moz Au at 1.14 g/t inferred (191 Mt containing 7.2 Moz Au at 1.17 g/t) 13.4 Mt containing 0.59 Moz Au at 1.28 g/t Proven, 14.3 Mt containing 0.6 Moz au at 1.30 Probable (P&P 27.7 Mt containing 1.2 Moz Au at 1.29 g/t))

    Highlights

    • Drill pad construction at Kuma completed to support the upcoming program.
    • Field crew mobilized to advance camp construction and rock sampling.
    • Reconnaissance sampling near the drill pad ongoing to refine target confidence.
    • Additional downstream sampling conducted to expand the target area.
    • Drill rig dispatched to Guadalcanal to begin operations.
    • Exploration program focused on discovering new mineralization and prioritizing future drill targets based on alteration, copper (Cu) and gold (Au) geochemical anomalies, and coincident geophysical responses.
    • Timing remains on track to commence drilling at Kuma in February 2026.

    Field Program Update – Kuma Property

    Field activities at the Kuma Property are focused on preparing for the planned inaugural drill program, including pad and camp construction, as well as prospecting and sampling. Initial drill pad construction has been completed, establishing the groundwork for safe and efficient drilling operations. Camp construction is underway and expected to be completed in the coming weeks (Figure 1).

    The Company has completed an initial phase of surface rock sampling, with 44 samples collected and shipped to Australia for geochemical analysis and hyperspectral characterization (Figure 2). Sampling was conducted to complement historical datasets, refine the geological understanding, and support ongoing drill targeting. Additional surface rock sampling is planned across other prospective areas of the property, including near numerous additional geophysical anomalies, as field activities continue.

    Encouraging cross-cutting relationships observed in the field indicate multiple phases of veining and mineralization, consistent with a long-lived hydrothermal system. Recent sampling highlights early-stage stockwork quartz veining that is overprinted by later, cross-cutting quartz-sulfide veins containing abundant pyrite (Figure 3).

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    Quality Assurance and Control Procedures

    Sample preparation and analysis were completed at the ALS Global facility in Brisbane, Australia, which is accredited by the National Association of Testing Authorities (NATA) and compliant with international standard ISO/IEC 17025. Samples were analyzed using four-acid digestion methods on 34 elements, including HF-HNO3-HClO4 digestion, HCl leach, and ICP-AES. Gold was analyzed by fire assay using a 50-gram sample under ALS analytical code Au-AA26. Hyperspectral analysis was conducted on all samples using ALS analytical code TRSPEC-20, which uses a TerraSpec® 4 HR spectrometer. A secure chain-of-custody procedure was maintained during sample storage and transportation. Sankamap uses industry standards for collecting samples taken on the Kuma property, internal quality assurance and quality control (QAQC) procedures were followed by ALS.

    About Sankamap Metals Inc.

    Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company’s fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newmont’s Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).

    Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap’s Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.

    At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au4; underscoring the area’s significant potential.

    At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au5. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au5, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au5, further underscoring the property’s strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.

    1. Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)
    2. Bougainville Copper Ltd. Annual Report, 2016 (1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3 % Indicated, 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu Inferred)
    3. Wanguo International Mining Group Limited Annual Results Announcement, 2024 (23 Mt containing 0.86 Moz Au at 1.15 g/t measured, 79 Mt containing 3.1 Moz Au at 1.2 g/t indicated, 89 Mt containing 3.3 Moz Au at 1.14 g/t inferred (191 Mt containing 7.2 Moz Au at 1.17 g/t) 13.4 Mt containing 0.59 Moz Au at 1.28 g/t Proven, 14.3 Mt containing 0.6 Moz au at 1.30 Probable (P&P 27.7 Mt containing 1.2 Moz Au at 1.29 g/t))
    4. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012
    5. September 2010-June 2012 press releases from Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012

    QP Disclosure

    The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.

    ON BEHALF OF THE BOARD OF DIRECTORS

    s/ ‘John Florek’
    John Florek, M.Sc., P.Geol
    Chief Executive Officer
    Sankamap Metals Inc.

    Contact:
    John Florek,
    Chief Executive Officer
    T: (807) 228-3531
    E: johnf@sankamap.com

    Krystle Adair,
    Vice President, Exploration
    T: (778) 558-3635
    E: krystlea@sankamap.com

    The Canadian Securities Exchange has not approved nor disapproved this press release.

    Forward-Looking Statements

    Forward-Looking Statements Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results and speak only as of the date of this release.

    Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

    Click here to connect with Sankamap Metals (CSE:SCU) to receive an Investor Presentation

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