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Highlights from this release include:

  • Drilling has significantly expanded the known mineralized footprint of magmatic sulphide mineralization associated with the basal portions of the Saturday Night intrusion.
  • The newly identified PGE-Ni-Cu mineralized envelope, measuring approximately 800m by 200m, remains open in all directions.
  • SN-25-03-X (extension) intersected 14.44m of 0.61 g/t 3E PGE (3E PGE = Pt + Pd + Au) & 0.13% Cu, including 4.64m of 1.24 g/t 3E PGE & 0.21% Cu, and including 0.60m of 2.45 g/t 3E PGE & 0.30% Cu.
  • SN-25-04 intersected 10.33m of 0.38 g/t 3E PGE & 0.17% Cu, including 6.39m of 0.45 g/t 3E PGE & 0.18% Cu, and including 0.62m of 0.99 g/t 3E PGE & 0.34% Cu.
  • SN-25-05 intersected 10.75m of 0.76 g/t 3E PGE & 0.18% Cu, including 5.05m of 1.40 g/t 3E PGE & 0.31% Cu, and including 1.03m of 1.98 g/t 3E PGE & 0.29% Cu.

Transition Metals Corp. (TSXV: XTM,OTC:TNTMF) (‘Transition’, ‘the Company’), is pleased to disclose assay results from drilling completed in December 2025 at its 100%-owned Saturday Night PGE Project, located approximately 30 kilometres north of Thunder Bay, Ontario (see news release dated November 10, 2025). The program saw the extension of hole SN-25-03-X beyond the basal contact, plus the addition of two new holes (SN-25-04 and SN-25-05), totaling a combined 1,463 metres. All holes intersected broad intervals of PGE-Ni-Cu mineralization occurring along the basal contact of the Saturday Night layered intrusion.

Commenting on the results, CEO Scott McLean stated, ‘We are very encouraged by the thick sequences of differentiated Mid-Continental Rift (MCR) intrusion we have drilled at Saturday Night, with the growing footprint of the mineralizing system we are defining. We see similarities to the proximal phases to the higher-grade sequences we previously encountered at our nearby Sunday Lake discovery, where historic drilling in 2019 returned values including 41.20m of 5.51 g/t 3E PGE and 0.57% Cu, including a higher-grade interval of 8.30m of 13.06 g/t 3E PGE and 1.23% Cu in hole SL-19-26. These results reinforce our interpretation that Saturday Night represents a large, fertile magmatic system and further supports its potential to host higher-grade mineralization similar to that identified at Sunday Lake.’

Discussion of Drill Results

Drilling to date has significantly expanded the known footprint of mineralization associated with a large, layered MCR intrusive, hosting PGE-Cu-Ni mineralization along basal contacts. Select highlight assay intervals from recent drilling are contained in Table 1, with Table 2 containing drill collar information. A Property location map in Figures 1 and a North-South drill hole section depicted in Figure 2.

Drill hole SN-25-03 was designed in an earlier exploration program in 2025 as a larger down-dip step-out, however was terminated at a depth of 830-metres, before being able to reach the ultramafic series and basal contact, where mineralization was anticipated (see news release dated March 26, 2025). This hole, after extension to a depth of 942 metres (drill hole extension; SN-25-03-X), and intersected a broad PGE mineralized sequence occurring along the basal contact.

Table 1: Highlight results from hole SN-25-03-X, SN-25-04, and SN-25-05.

Drill Hole ID From To Length Pt Pd Au Cu Ni 3E PGE* CuEq*
units (m) (m) (m) (ppm) (ppm) (ppm) (wt. %) (wt. %) (ppm) (wt. %)
SN-25-03-X 887.74 902.18 14.44 0.33 0.21 0.07 0.13 0.06 0.61 0.49
including 892.26 901.13 8.87 0.48 0.31 0.10 0.17 0.07 0.89 0.71
including 896.49 901.13 4.64 0.67 0.45 0.12 0.21 0.07 1.24 0.97
including 900.00 900.60 0.60 1.34 0.89 0.21 0.30 0.13 2.45 1.91
SN-25-04 617.16 627.49 10.33 0.17 0.10 0.11 0.17 0.06 0.38 0.41
including 621.10 627.49 6.39 0.22 0.14 0.09 0.18 0.05 0.45 0.51
including 622.52 623.14 0.62 0.50 0.28 0.21 0.34 0.15 0.99 1.12
SN-25-05 578.56 589.31 10.75 0.42 0.23 0.11 0.18 0.06 0.76 0.89
including 582.20 587.25 5.05 0.77 0.44 0.19 0.31 0.10 1.40 1.62
including 584.00 585.03 1.03 1.13 0.65 0.20 0.29 0.13 1.98 2.34

 

*Note: 3E PGE = (Pt + Pd + Au), Copper equivalent (CuEq) values are based on assumed SPOT metal prices as of Jan 19th, 2026, using US$5.9088/lb Cu, US$8.2282/lb Ni, US$4,678.29/oz Au, US$2,380.50/oz Pt and US$1,886.50/oz Pd. No current or historical metallurgical work, nor economic analysis, has been completed, and therefore recoveries are assumed to be 100%, with 100% payable metals. The use of CuEq values are conceptual in nature, and are intended for exploration comparison purposes only, and do not represent an economic analysis. Lengths reported represent core length, insufficient work has been completed to determine true widths.

The two additional in-fill drill holes, SN-25-04 and SN-25-05, were designed to test mineralization continuity along the basal contact between SN-25-03-X and the existing up-dip holes SN-16-01 and SN-25-02. Geological units encountered correlate well, and mineralization along the basal contact is consistent and interpreted to be continuous between holes.

In total, the Company has now completed five drill holes (inclusive of the extension hole describe above) for a total of 3,481 metres at Saturday Night. All holes have intersected a thick, layered intrusion containing extensive intervals of magmatic sulphides enriched in platinum, palladium, gold, copper, and nickel, with mineralization intensifying toward the basal contact. Combined, this new drilling expands the known mineralized footprint, now measuring approximately 800 metres by 200 metres and remains open in all directions.

Figure 1: Saturday Night PGE Property location map on regional total field magnetics. The Sars depict known magnetic features associated with MCR mineralized intrusions.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2766/281788_25ad87f804434aae_001full.jpg

Table 2: Drill hole collar information.

Drill Hole ID Easting Northing Azimuth Dip Length
units (mE) (mN) (º) (º) (m)
SN-25-03-X* 319,741 5,390,080 201° -70° 942
SN-25-04 319,746 5,390,088 35° -85° 674
SN-25-05 319,746 5,390,090 340° -70° 677

 
*Notes: Coordinates are in UTM NAD83, Zone 16N, in metres. Drill hole SN-25-03-X is an extension of hole SN-25-03, which previously terminated at a death of 830m. Dip is reported as negative below horizontal. Lengths reported are in metres, and represent core length, insufficient work has been completed to determine true widths.

Figure 2: Saturday Night Project North-South cross-section, looking west, including interpreted geology and mineralization intersected with a 200m influence.

*Note: 3E PGE = (Pt + Pd + Au), Coordinates are in UTM NAD83, Zone 16N, in metresLengths reported are in metres, and represent core length, insufficient work has been completed to determine true widths.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2766/281788_25ad87f804434aae_002full.jpg

Next Steps

The Company is actively expanding its understanding of the Saturday Night PGE-rich intrusion and is undertaking various studies and 3D modeling activities, including physical rock-property analysis, to better constrain geophysical inversion models. In the coming months, the Company is planning additional geophysical surveys and 3D modeling to enhance drill targeting.

About the Saturday Night Project

The Saturday Night Project, wholly owned by Transition Metals, comprises 63 staked mining claims situated in Fowler Township, located approximately 30 kilometres northwest of Thunder Bay, Ontario, within the Robinson Superior Treaty area. The project has year-round road access to a main highway and is close to infrastructure. The exploration work to date has confirmed that a magnetic anomaly found on the Property is linked to an underlying mafic-ultramafic intrusion (SNI), which is interpreted to have originated during the Proterozoic era and is associated with the renowned Midcontinental Rift (MCR).

The MCR is a geological feature that extends over 2,000 kilometres across the heart of North America. It formed around 1.1 billion years ago as the North American craton began to rift. Notably, the early stages of this rift (referred to as ‘early-rift’) are associated with the presence of mafic to ultramafic intrusive rocks that contain significant quantities of platinum group elements (PGEs). Nearby MCR related deposits include the Thunder Bay North and Sunday Lake deposit. The Sunday Lake deposit was discovered by Transition in partnership with Impala Platinum in 2013. Other rift related Ni-Cu and PGE-bearing systems include the Eagle deposit located in Michigan, and the Tamarack and Duluth deposits located in Minnesota. The Saturday Night Project is currently in the early exploration phase, with ongoing assessments aimed at determining the potential of the Property to host PGE mineralization of interest. The Property is subject to an underlying 1.0% Net Smelter Return royalty (see company press releases dated September 8, 2020).

2026 AME Roundup Conference

Company personnel, including CEO Scott McLean, COO Greg Collins, and Corporate Development Manager Bill Stormont will be exhibiting in person at the AME Roundup 2026 in Vancouver on Wednesday, January 28th and Thursday, January 29th in AME’s Project Generators’ Hub. Inquiries to arrange meetings can be directed to Bill Stormont by e-mail (bstormont@transitionmetalscorp.com), or by telephone (+1 (778) 868-9571).

Qualified Person

The technical elements of this news release have been approved by Mr. Benjamin Williams, P.Geo. (PGO), Exploration Manager of Transition Metals Corp., and a Qualified Person under National Instrument 43-101.

About Transition Metals Corp.

Transition Metals Corp. (TSXV: XTM,OTC:TNTMF) is a Canadian-based, multi-commodity explorer. Its award-winning team of geoscientists has extensive exploration experience which actively develops and tests new ideas for discovering mineralization in places that others have not looked, often allowing the company to acquire properties inexpensively. Joint venture partners earn an interest in the projects by funding a portion of higher-risk drilling and exploration, allowing Transition to conserve capital and minimize shareholder’s equity dilution.

Further information is available at www.transitionmetalscorp.com or by contacting:

Scott McLean
President and CEO
Transition Metals Corp.
Tel: (705) 667-6178

Cautionary Note on Forward-Looking Information

Except for statements of historical fact contained herein, the information in this news release constitutes ‘forward-looking information’ within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as ‘plans’, ‘proposes’, ‘estimates’, ‘intends’, ‘expects’, ‘believes’, ‘may’, ‘will’ and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281788

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Unified Credit System Built by Nextech3D.ai Empowers Enterprise Clients to Spend Seamlessly Across Eventdex, Map D, and Krafty Labs

TORONTO, ON / ACCESS Newswire / January 27, 2026 / Nextech3D.ai (OTCQB:NEXCF)(CSE:NTAR,OTC:NEXCF)(FSE:1SS), the AI-first technology leader in AI event solutions and 3D modeling, today announced the launch of Nextech Credit. This universal enterprise credit system is a proprietary Nextech3D.ai innovation designed to power its entire ecosystem, including the Krafty Labs platform.

Nextech Credit serves as a single, dollar-denominated currency (1:1 with the USD) that allows enterprise companies to centralize their procurement. Once purchased, these credits can be spent interchangeably across all Nextech3D.ai business units, including Eventdex (registration/ticketing), Map D (spatial navigation), and Krafty Labs (virtual and in-person engagement).

The Nextech Credit Incentive Ladder: Driving Enterprise Scale

To incentivize long-term commitment and multi-platform adoption, Nextech3D.ai has launched the Credit Incentive Ladder. This tiered reward structure provides bonus credits and premium services to enterprise partners who consolidate their engagement spend within the Nextech ecosystem.

Tier

Investment

Universal Perks & AI-Driven Incentives

Tier 1: Starter

$25K-$50K

Standard 1:1 pricing; access to all Nextech AI platforms & reporting.

Tier 2: Growth

$75K-$150K

Bonus Credits; Priority scheduling; Quarterly strategic planning.

Tier 3: Enterprise

$250K+

Larger Bonus Credits; Dedicated Success Manager; Custom AI reporting.

‘Nextech Credit is the engine that will drive our 2026 expansion,’ said Evan Gappelberg, CEO of Nextech3D.ai. ‘By creating a Nextech-branded credit system that powers Krafty Labs and our other platforms, we are making it easier for global brands to buy from us. One PO now unlocks our entire AI-powered suite.’

A Unified Ecosystem: Krafty Credit Powered by Nextech

With the launch of this system, Krafty Labs is now fully integrated into the Nextech3D.ai financial infrastructure. This ‘Powered by Nextech’ approach ensures that engagement programs-from virtual team building to global in-person expansions-are all fueled by the same Nextech Credit currency.

Key Ecosystem Benefits:

  • Internal Portability: Credits can be transferred between HR, Marketing, and Operations departments within a single organization.

  • Centralized Efficiency: Single procurement approval for multiple engagement use cases with a 12-month usage window.

  • Dollar-Denominated: 1 Nextech Credit = $1 USD.

Nextech3D.ai believes this enterprise credit model encourages customers to consolidate event and engagement spend within a single AI-powered platform, increasing long-term customer value.

Competitive Advantage in Enterprise AI Event Solutions

Nextech3D.ai believes the Nextech Credit system provides a meaningful competitive advantage in the enterprise AI event and engagement market:

  • Increased Share of Wallet: Prepaid credits incentivize customers to deploy more engagement programs across the platform.

  • Higher Platform Stickiness: Annual credit balances encourage ongoing usage rather than one-time events.

  • Improved Revenue Visibility: Prepaid enterprise credits provide clearer forecasting and customer commitment.

  • Enterprise-Friendly Adoption: Familiar credit-based purchasing models reduce procurement friction while enabling future innovation.

By combining AI event software and enterprise credits, Nextech aims to position Krafty Labs as a long-term engagement operating layer rather than a transactional service provider.

Management Commentary

Evan Gappelberg, CEO of Nextech3D.ai, commented:

‘Nextech Credit is designed to help enterprise customers engage with our AI event platform more easily and at greater scale. By allowing organizations to pre-fund engagement and allocate credits across teams, we simplify procurement while increasing platform adoption.’

Nextech3D.ai has also renewed its share purchase warrant program, issuing 6,163,187 share purchase warrants (the ‘Warrants’) to service providers as part of their employment and consulting agreements. Each Warrant grants the right to acquire one common share at an exercise price of CAD$0.14 for a one-year period. The Warrants will be exercised in equal monthly tranches, with recipients able to either receive shares or participate in a managed sale program for cash proceeds. This move demonstrates the company’s commitment to rewarding and retaining its talented workforce, while also aligning their interests with the company’s long-term success

About Nextech3D.ai

Nextech3D.ai (OTCQB:NEXCF)(CSE:NTAR,OTC:NEXCF)(FSE:1SS) is an AI-powered technology company specializing in AI event solutions, enterprise engagement platforms, 3D modeling, and spatial computing. Through its Eventdex, Map D, and Krafty Labs platforms, the Company provides registration, ticketing, interactive floor plans, engagement tools, and analytics for virtual, hybrid, and in-person events serving Fortune 500 enterprise customers worldwide.

Website: Nextech3D.ai

Investor Relations: investors@nextechar.com

Evan Gappelberg / CEO and Director866-ARITIZE (274-8493)

Forward-Looking Statements

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain information contained herein may constitute ‘forward-looking information’ under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, ‘will be’ or variations of such words and phrases or statements that certain actions, events or results ‘will’ occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities law.

SOURCE: Nextech3D.ai Corp

View the original press release on ACCESS Newswire

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TORONTO, ON / ACCESS Newswire / January 27, 2026 / Lahontan Gold Corp. (TSXV:LG,OTC:LGCXF)(OTCQB:LGCXF)(FSE:Y2F) (the ‘Company‘ or ‘Lahontan‘) is pleased to announce new assay results from our 2025 Phase Two drilling program at the Company’s flagship Santa Fe Mine Project located in Nevada’s prolific Walker Lane. Lahontan has received analytical results for two additional reverse-circulation rotary (‘RC’) drill holes in the south Slab pit area totaling 396 metres (please see table below). Significant results include:

  • CAL25-011R: 68.6 metres (45.7 – 114.3m) grading 0.45 g/t Au Eq including 16.8 metres (65.5 – 82.3m) grading 0.81 g/t Au Eq: A shallow, thick, intercept of oxide gold mineralization below the current mineral resource pit shell*, expanding the footprint of oxide gold mineralization, especially when coupled with the results from CAL25-012R (please see plan map of drilling and cross section below).

    • When the entire drill hole is composited without regard to cutoff grade, it averages 0.23 g/t Au Eq over 213.4 metres (0.21 g/t Au, 1.4 g/t Ag).

  • CAL25-012R: 41.2 metres (32.0 – 73.2m) grading 0.32 g/t Au Eq correlating with the structurally controlled gold mineralization seen in hole CAL25-011R (above) and extending shallow oxide gold mineralization to the southwest and below of the Mineral Resource Estimate (‘MRE’) pit shell*.

Notes: Au Eq equals Au (g/t) + ((Ag g/t/60)*0.70). Silver grade for calculating Au Eq is adjusted to consider historic metallurgical recovery as described in the Santa Fe Project Technical Report*. True thickness of the intercepts is estimated to be 80-100% of the drilled interval. Numbers may not total precisely due to rounding.

Kimberly Ann, Lahontan Executive Chair, President, CEO, and Founder commented: ‘The assay results from the final two 2025 RC drill holes at Slab continue to extend gold mineralization to the south, west, and at depth from the current MRE pit shell*, enhancing the potential mining economics of the Slab gold and silver resource. Lahontan will integrate these new drill holes into an updated MRE for Slab as well as the entire Santa Fe project. The MRE is expected to be completed in the coming months. With a new MRE, combined with updated metallurgy and escalating metal prices, the Company will also complete an updated Preliminary Economic Assessment (‘PEA’) as well. More 2025 drill results will be forthcoming as the analytical lab catches up on a busy 2025 exploration season.’

CAL25-011R and -012R are particularly important as they establish large volumes of gold and silver mineralization below and adjacent to the conceptual pit shell used in the current MRE. When modeled using updated metal prices and this additional drilling, these drill holes have the potential to significantly expand the Slab area MRE and contribute to a positive update to the current PEA. Of equal importance, these new pit shells will be used in our Nevada State and Federal mine permit applications, to be submitted later this year.

Cross section through RC drill hole CAL25-011R, Slab gold deposit, Santa Fe Mine project, NV. The current conceptual MRE pit shell is shown in black, an example of a potential new pit outline is shown in red. Deeper gold mineralization in CAL25-011R associated with the Calvada Fault zone is unconstrained by drilling.

These two RC drill holes also confirm the strong structural control of gold mineralization in this portion of the Slab deposit and emphasize the importance of the east-west striking Calvada fault as a major control of gold mineralization on a district scale. The extensive gold mineralization seen in CAL25-011R demonstrates the strength of the hydrothermal system with large volumes of disseminated gold mineralization adjacent to the controlling fault structures. With the Company’s recently approved Exploration Plan of Operations (‘EPOO’), Lahontan can now explore the Calvada Fault between the Slab deposit and the main Santa Fe deposit, an area that has seen virtually no exploration drilling over the last 35 years.

In the plan view map of the south Slab pit area below, the key intercepts in drill holes CAL25-011R and -012R can be seen to extend into areas west of the current MRE conceptual pit shell. Previously reported RC drill hole CAL25-010R, a vertical hole, also intercepted significant gold mineralization (please see Lahontan Gold press release dated January 13, 2026). Similar to the cross section above, the plan map highlights the potential to increase gold and silver resources in the Slab pit area of the Santa Fe Mine project.

Drill location map and plan view of the south Slab pit area, Santa Fe Mine project, NV. The current Slab pit outline is shown in black, the conceptual MRE pit shell is shown in dashed orange, and an example of a potential new pit outline is shown in red.

QA/QC Protocols

Lahontan conducts an industry standard QA/QC program for its core and RC drilling programs. The QA/QC program consisted of the insertion of coarse blanks and Certified Reference Materials (CRM) into the sample stream at random intervals. The targeted rate of insertion was one QA/QC sample for every 16 to 20 samples. Coarse blanks were inserted at a rate of one coarse blank for every 65 samples or approximately 1.5% of the total samples. CRM’s were inserted at a rate of one CRM for every 20 samples or approximately 5% of the total samples.

The standards utilized include three gold CRM’s and one blank CRM that were purchased from MEG, LLC of Lamoille, Nevada (formerly Shea Clark Smith Laboratories of Reno, Nevada). Expected gold values are 0.188 g/t, 1.107 g/t, 10.188 g/t, and -0.005 g/t, respectively. CRM’s with similar grades are inserted as the initial CRM’s run out. The coarse blank material comprised of commercially available landscape gravel with an expected gold value of -0.005 g/t.

As part of the RC drilling QA/QC process, duplicate samples were collected of every 20th sample interval at the drill rig to evaluate sampling methodology. Samples were collected from the reject splitter on the drill rig cyclone splitter. Samples were collected at each 95- to 100-foot (28.96 – 30.48m) mark and labeled with a ‘D’ suffix on the sample bag. No duplicates were submitted for core.

All drill samples were sent to American Assay Laboratories (AAL) in Sparks, Nevada, USA for analyses. Delivery to the lab was either by a Lahontan Gold employee or by an AAL driver. Analyses for all RC and core samples consisted of Au analysis using 30-gram fire assay with ICP finish, along with a 36-element geochemistry analysis performed on each sample utilizing two acid digestion ICP-AES method. Tellurium or 50-element analyses were performed on select drill holes utilizing ICP-MS method. Cyanide leach analyses, using a tumble time of 2 hours and analyzed with ICP-AES method, were performed on select drill holes for Au and Ag recovery. AAL inserts their own blanks, standards and conducts duplicate analyses to ensure proper sample preparation and equipment calibration. We have all results reported in grams per tonne (g/t).

About Lahontan Gold Corp.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 28.3 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq(48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. For more information, please visit our website: www.lahontangoldcorp.com

* Please see the ‘Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project’, Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to 79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%.

Qualified Person

Brian J. Maher, M.Sc., CPG-12342, is a ‘Qualified Person’ as defined under Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this news release in respect of all technical disclosure other than the Mineral Resource Estimate as noted above.‎ Mr. Maher is Vice President-Exploration for Lahontan Gold and has verified the data disclosed in this news release, including the sampling, ‎‎analytical and test data underlying the disclosure.

On behalf of the Board of Directors

Kimberly Ann
Founder, CEO, President, and Director

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, Director
Phone: 1-530-414-4400
Email: Kimberly.ann@lahontangoldcorp.com
Website: www.lahontangoldcorp.com

Cautionary Note Regarding Forward-Looking Statements:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements are based on the opinions and estimates 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 statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com

SOURCE: Lahontan Gold Corp

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Newly granted patent represents a foundational innovation, engineered to deliver high-yield, low-cost, and ultra-pure synthetic fuels, including eSAF

Syntholene Energy Corp. (TSXV: ESAF) (FSE: 3DD0) (‘Syntholene’ or the ‘Company’) announces the issuance of its first U.S. Patent granted by the United States Patent and Trademark Office (the ‘USPTO’) for the Company’s proprietary system for producing high-performance, low-cost, and carbon-neutral synthetic fuels.

This patent, No. US 12,441,674 B2, protects critical intellectual property underlying the Company’s novel Compact Cascade Oligomerizer, engineered for high efficiency fuel synthesis performance using the Methanol-to-Jet process. The design is a unitary vessel with multiple chambers incorporated into a single column, as opposed to current proposed systems that use multiple separate and single purpose reactors to produce saturated linear hydrocarbon chains via methanol synthesis, oligomerisation and hydrogenation in sequence.

The newly granted patent, titled ‘SYSTEM AND METHOD FOR GENERATING SYNTHETIC FUEL,’ secures Syntholene’s rights to a fuel generator and a method for generating fuel in which a Monolithic Block includes a plurality of plates stacked and bonded together. This represents a foundational innovation for delivering high-yield, low-cost, and ultra-pure synthetic fuels, including sustainable aviation fuel (eSAF).

This patent represents a major milestone for Syntholene as we continue to de-risk and protect our next-generation platform for industrial-scale synthetic fuel production,’ said Dan Sutton, CEO of Syntholene. ‘It reinforces our leadership in proprietary, high-efficiency process design, and strengthens our commercial moat as we continue to refine our process components and enhance the efficiency of our integrated supply chain.’

We are proud that the USPTO has recognized this novel approach to high level integration of discrete systems into an efficient unitary solution.’ Said Syntholene Chief Engineer John Kutsch. ‘This patent represents Syntholene’s unique process intensification approach to high-efficiency systems integration.’

This intellectual property covers core reactor architecture and process integration within the Company’s integrated fuel synthesis systems. It describes a key technology designed to maximize fuel yield and product purity from syngas inputs while minimizing unwanted byproducts typical in legacy fuel synthesis reactor systems, and employs the physical proximity of exothermic and endothermic reactions within the same unit to maximize heat integration and utilization.

Syntholene continues to pursue patent protection across North America, Europe, and Asia to secure its differentiated IP position ahead of commercial-scale deployments.

About Syntholene

Syntholene is actively commercializing a new production pathway for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70% lower cost than the nearest competing technology. The Company’s mission is to deliver the world’s first truly high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale.

Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering, and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral efuels across global markets.

For further information, please contact:
Dan Sutton, CEO
comms@syntholene.com
www.syntholene.com
+1 608-305-4835

Investor Relations
KIN Communications Inc.
604-684-6730
ESAF@kincommunications.com

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

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘expect’, ‘anticipate’, ‘aims’, ‘continue’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘believe’, ‘plans’, ‘intends’ and similar expressions are intended to identify forward-looking information or statements. All statements, other than statements of historical fact, including but not limited to statements regarding the patented technology and its intended benefits, the protections afforded by the patent, jurisdictions of patent protection, the commercial benefits of the Company’s intellectual property and patent, the Company’s business plans, commercial scalability, technical and economic viability, anticipated geothermal power availability, and future commercial opportunities, are forward-looking statements.

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. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation, Syntholene’s ability to meet production targets, realize projected economic benefits, overcome technical challenges, secure financing, maintain regulatory compliance, manage geopolitical risks, and successfully negotiate definitive terms. Syntholene does not undertake any obligation to update or revise these forward-looking statements, except as required by applicable securities laws.

Readers are advised to exercise caution and not to place undue reliance on these forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281718

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Kobo Resources Inc. (‘ Kobo ‘ or the ‘ Company ‘) ( TSX.V: KRI ) intends to complete a non-brokered private placement of 958,306 common shares (the ‘ Common Shares ‘) at a price of $0.30 per Common Share for gross proceeds of $287,491.80 (the ‘ Offering ‘). The Common Shares will be issued pursuant to exemptions from the prospectus requirements in accordance with National Instrument 45-106 Prospectus Exemptions and will be subject to a 4-month statutory hold period in accordance with applicable Canadian securities laws.

The Company intends to use the net proceeds of the Offering for general corporate and working capital purposes.

Closing of the Offering is expected to occur on or about February 3, 2026 (the ‘ Closing ‘), and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

The Common Shares have not been registered under the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘), or any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the ‘United States’ or ‘U.S. persons’ (as such terms are defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or compliance with an exemption from such registration requirements. This press release is not an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction.

About Kobo Resources Inc.

Kobo Resources is a growth-focused gold exploration company with a compelling gold discovery in Côte d’Ivoire, one of West Africa’s most prolific gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.

With over 29,000 metres of diamond drilling, nearly 5,887 metres of reverse circulation (RC) drilling, and 7,100+ metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou’s Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development.

Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d’Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo’s common shares trade on the TSX Venture Exchange under the symbol ‘KRI’. For more information, please visit www.koboresources.com .

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.

Cautionary Statement on Forward-looking Information:

This news release may contain ‘forward-looking information’ and ‘forward-looking statements’ (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. Any statement that involves discussions with respect to 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, including statements related to the Offering or to the exploration program of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable as at the date of this news release, are subject to known and unknown risks, uncertainties, and other factors which 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: general business, economic, competitive, political and social uncertainties; the inherent risks involved win the exploration and development of mineral properties; unanticipated costs and expenses; the delay or failure to receive board, shareholder or regulatory approvals; and other risk factors listed from time to time in our documents filed with Canadian securities regulators on SEDAR+ at www.sedarplus.ca . There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260127728466/en/

For further information, please contact:

Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com

Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.

News Provided by Business Wire via QuoteMedia

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President Donald Trump on Thursday filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, claiming that the bank improperly closed his accounts for political reasons.

‘While we regret President Trump has sued us, we believe the suit has no merit,’ a JPMorgan Chase spokesperson said. ‘We respect the President’s right to sue us and our right to defend ourselves – that’s what courts are for.’

The suit accuses the bank of libel and breach of implied covenant of good faith and fair dealing. It also says the bank and its chief executive violated Florida trade practices laws.

The suit says Trump held ‘several’ accounts at the firm which were closed.

On Feb. 19, 2021, shortly after the Jan. 6 Capitol Hill riot, the bank notified Trump that the accounts would be closed within two months, the suit also says.

The lawsuit adds to a still-growing list of legal efforts from Trump directed at a wide variety of institutions — from media outlets to tech platforms — many of which have resulted in multimillion-dollar settlements. The president’s company, the Trump Organization, sued Capital One Bank last year over allegations of improper account closures. Capital One said at the time that the allegations have no merit.

Dimon, as head of JPMorgan Chase, the nation’s largest bank, is among the most influential people in the business world and someone who has been courted for years by Republicans and Democrats. In the run-up to the 2024 election, Trump falsely claimed that Dimon had endorsed him.

Dimon has at times been critical of some Trump policies — most notably inflation — while supportive of others, including efforts to streamline the U.S. government.

On Wednesday, Dimon criticized the Trump administration over its immigration policies.

‘I don’t like what I’m seeing,’ Dimon told attendees at the World Economic Forum in Davos, Switzerland. Dimon also said that while he doesn’t agree with everything the administration does, he does agree with some of its economic policies.

On Saturday, Trump threatened the lawsuit in a Truth Social post. Over the weekend, JPMorgan Chase said it appreciated ‘that this administration has moved to address political debanking and we support those efforts.’

Almost exactly one year ago, Trump used an address at the World Economic Forum to take a shot at JPMorgan and its competitor, Bank of America.

‘I hope you start opening your bank to conservatives because many conservatives complain that the banks are not allowing them to do business,’ Trump said.

“You and Jamie and everybody, I hope you’re going to open your banks to conservatives because what you’re doing is wrong,” Trump said.

Bank of America said that it serves over 70 million consumers and does not close accounts for political reasons. JPMorgan says that it also serves tens of millions of accounts and likewise does not close accounts on political grounds.

In an expletive-laden interview with CNBC last year, Trump vented his frustrations at big banks that close accounts for legal and regulatory reasons.

‘I had JPMorgan Chase — I had hundreds of millions of dollars in cash,’ Trump told the cable network on Aug. 5. ‘I was loaded up with cash, and they told me, ‘I’m sorry, sir, we can’t have you.”

Trump says he was informed he had 20 days to move his assets out of the bank. ‘I said, ‘You got to be kidding. I’ve been with you for 35, 40 years,” the president recounted.

Trump said, ‘then what happens is I call a Bank of America.’

‘And they have zero interest,’ he said. CEO Brian Moynihan ‘was kissing my a– when I was president, and when I called him after I was president to deposit a billion dollars plus and a lot of other things … and he said, ‘we can’t do it.”

The JPMorgan Chase spokesperson said Thursday that the bank ‘does not not close accounts for political or religious reasons. We do close accounts because they create legal or regulatory risk for the company.’

Trump was indicted multiple times after his first term in office. In 2024, he was indicted on charges that he conspired to defraud the United States, conspiracy to to obstruct an official proceeding, obstruction of and attempt to obstruct an official proceeding and conspiracy against rights.

In recent years, banks have faced intense pressure from conservatives leveling ‘debanking’ claims against them. However, banks and their lobbying groups have long maintained that they do not close accounts for political or religious reasons, but they close accounts based primarily on legal or regulatory grounds.

Trump’s administration has sought to ease those regulations in order to make it harder for a bank to close a customer’s account. In August, Trump signed an executive order which sought to end ‘politicized or unlawful debanking activities.’

In September, the Office of the Comptroller of the Currency, one of the top banking regulators, began a review of banking rules to ‘depoliticize the banking system.’

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Like its sister metal gold, silver has been attracting renewed attention as a safe-haven asset.

Although silver continues to exhibit its hallmark volatility, a silver bull market is well underway.

Experts are optimistic about the future, and as the silver price’s momentum continues in 2026, investors are looking for price forecasts and asking, “What was the highest price for silver?”

The answer reveals how much potential there is for the silver price to rise.

Read on for a look at silver’s historical moves, its new all-time high price and what they could mean for both the price of silver today and the white metal’s price in the future.

In this article

    How is silver traded?

    Before discovering what the highest silver price was, it’s worth looking at how the precious metal is traded. Knowing the mechanics can be useful in understanding why and how its price changes on a day-to-day basis and beyond.

    Silver bullion is traded in dollars and cents per ounce, with market activity taking place worldwide at all hours, resulting in a live silver price. Key commodities markets like New York, London and Hong Kong are just a few locations where investors trade the metal. London is seen as the center of physical silver trade, while the COMEX division of the CME Group’s (NASDAQ:CME) New York Mercantile Exchange, called the NYMEX, is where most paper trading is done.

    There are two popular ways to invest in silver. The first is through purchasing silver bullion products such as bullion bars, bullion coins and silver rounds. Physical silver is sold on the spot market, meaning that to invest in silver this way, buyers pay a specific price for the metal — the silver price per ounce — and then have it delivered immediately.

    The second is accomplished through paper trading, which is done via the silver futures market, with participants entering into futures contracts for the delivery of silver at an agreed-upon price and time. In such contracts, two positions can be taken: a long position to accept delivery of the metal or a short position to provide delivery.

    Paper trading might sound like a strange way to get silver exposure, but it can provide investors with flexibility that they wouldn’t get from buying and selling bullion. The most obvious advantage is perhaps the fact that trading in the paper market means silver investors can benefit long term from holding silver without needing to store it. Furthermore, futures trading can offer more financial leverage in that it requires less capital than trading in the physical market.

    Market participants can also invest in silver through exchange-traded funds (ETFs). Investing in a silver ETF is similar to trading a stock on an exchange, and there are several silver ETFs to choose from. Some ETFs focus on physical silver bullion, while others focus on silver futures contracts. Still others focus on silver stocks or follow the live silver price.

    What is silver’s all-time high price?

    The silver all-time high was US$101.31, which it set on January 23, 2026.

    The silver price has continued its rally into 2026 following a 2025 that saw the white metal finally break its previous highest price and gain more than 190 percent at its highest point.

    Silver’s strong performance has been driven by a variety of factors, including widespread geopolitical uncertainty, a weak US dollar, speculation around US Federal Reserve interest rate cuts and increased investor interest. We break down the news driving its price performance and new highs in the section below.

    Prior to October 9, 2025, the white metal’s all-time high had been the same for 45 years — silver’s former all-time high was US$49.95, and it was set on January 17, 1980.

    It’s worth unpacking what happened, because the price didn’t exactly reach that level by honest means.

    As Britannica explains, two wealthy traders called the Hunt brothers attempted to corner the market by buying not only physical silver, but also silver futures — they took delivery of those silver futures contracts instead of taking legal tender in the form cash settlements. Their exploits ultimately ended in disaster: On March 27, 1980, they missed a margin call and the silver market price plunged to US$10.80. This day is infamously known as Silver Thursday.

    That record silver price wouldn’t be tested again until April 2011, when it reached US$47.94. This was more than triple the 2009 average silver price of US$14.67, with the price uptick coming on the back of very strong investment demand.

    So what happens next? While silver has officially broken its 1980 peak, it is still well below that price point adjusted for inflation, but its rise above US$71 has officially topped its inflation-adjusted peak from 2011.

    It remains to be seen just how high silver can go.

    Silver’s price performance in 2025 and 2026

    Silver price chart, January 23, 2025 to January 23, 2026.

    The silver price experienced a momentum shift at the start of 2025, breaking through the US$30 barrier as early as January 5, and reaching US$31.31 by January 29. The metal continued to post gains through much of February and March, climbing to US$32.94 on February 20 and then peaking at its quarterly high of US$34.21 on March 28.

    Following Trump’s tariff announcements on April 2, silver slumped to below US$30. While the Trump administration’s tariff policies have been largely beneficial for safe-haven assets like precious metals, there were concerns that the threat of tariffs could weaken industrial demand, which could cool price gains in the silver market.

    Yet those concerns were pushed to the back burner as recent economic and geopolitical events have raised analysts’ expectations of a September rate cut by the Fed. The benchmark rate has not changed since November 2024.

    On June 5, the silver price rose to a 13 year high of US$36.05 in early morning trading, before retreating toward the US$35.50 mark. By June 16, the white metal had broken through the US$37 mark for the first time since May 2011.

    In July, increasing geopolitical strife in the Middle East and Russia-Ukraine coupled with a positive outlook for China’s solar power industry proved price positive for both silver’s precious metals and industrial angles.

    The silver price overtook the US$39 level to reach US$39.24 on July 22.

    These same forces, coupled with the nearly unanimous rate cut expectations, launched the price of silver to over US$40 on August 31 for the first time since 2011, and by September 3 it had climbed as high as US$41.45. Silver continued climbing through September, progressively breaking level after level to top US$47 by the month’s end.

    The white metal broke its all-time highs in most currencies, including Canadian dollars and Australian dollars, on September 22. Silver started Q4 by continuing its ascent, breaking through its 2011 peak and topping US$48 on October 3, before climbing above US$51 to beat its US dollar high on October 9.

    It continued climbing even higher on the safe-haven demand fundamentals behind its 2025 momentum. Helping drive that demand in October was escalating trade tensions between the US and China, leading to export controls on additional rare earth metals by China and threats of 100 percent tariffs on Chinese imports by the US.

    While silver pulled back to around US$48 in late October, news that the US government shut down had come to an end on November 9 drove the silver price back above US$50.

    Silver’s foray above the US$56 level on November 28 came on the back of an outage at the Comex, where trading was briefly halted due to a ‘cooling issue’ at a CyrusOne data center used by the exchange.

    Silver continued even higher through early December, and on December 10 it broke above US$60 for the first time, alongside the Fed deciding to once again cut interest rates. Less than two weeks after breaking US$60, the silver price passed US$70 on December 23 as investors continued piling in and the situation between the US and Venezuela ramped up. On December 28, silver started the week by breaching US$83 on surging interest in China.

    To start the final week of December, silver broke through US$80 and hit a 2025 peak of US$83.90 on December 28. However, over the following day, silver and its fellow precious metals pulled back significantly.

    2026 has just begun, but it’s already brought a slew of positive price drivers for silver. Geopolitical concerns remain front and center, and US-global relations were a significant talking point as leaders from global governments and businesses met in mid-January at the World Economic Forum in Davos, Switzerland.

    Trump’s push to take control of Greenland has added pressure between the US and Europe in recent weeks. He threatened to add tariffs on eight of the European countries that opposed the move, but changed his tune at the World Economic Forum on January 21, saying he would not use force to take Greenland and backing down on tariffs.

    A significant silver surge from US$80 on January 12 to over US$93 by January 14 came in the days after the US Department of Justice launching a criminal probe into Fed Chair Jerome Powell.

    Powell said the threat of charges is a consequence of the Fed not lowering rates as quickly as the Trump administration prefers, and instead setting them based on evidence and economic conditions.

    News on January 22 that Trump is suing JPMorgan Chase (NYSE:JPM) and its CEO Jamie Dimon also ramped up market tension. The lawsuit alleges that the firm closed accounts belonging to Trump and related entities in early 2021 for political reasons, with Trump saying that Dimon ‘debanked’ him.

    Silver supply and demand dynamics

    Like the prices of other metals, the silver spot price is most heavily influenced by supply and demand dynamics. However, as the information above illustrates, the silver price can be highly volatile. That’s partially due to the fact that the metal is subject to both investment and industrial metal demand within global markets.

    In other words, it’s bought by investors who want it as a store of wealth, as well as by manufacturers looking to use it for different applications that are incredibly varied. For example, silver has diverse technological applications such as batteries, solar panels, microchips and catalysts, but it’s also used in medicine and in the automotive industry.

    In terms of supply, the world’s three top producers of the metal are Mexico, China and Peru. Even in those countries silver is usually a by-product — for instance, a mine producing primarily gold or lead might also have silver output.

    The Silver Institute’s latest World Silver Survey, put together by Metals Focus, outlines a 0.9 percent increase in global mine production to 819.7 million ounces in 2024. This was in partly the result of a return to operations at Newmont’s (TSX:NGT,NYSE:NEM,ASX:NEM) Peñasquito mine in Mexico following a suspension of activity brought about by strike action among workers and improved recoveries out of Fresnillo (LSE:FRES,OTC Pink:FNLPF) and MAG Silver’s (TSX:MAG,NYSEAMERICAN:MAG) Juanicipio. Silver output also increased in Australia, Bolivia and the US.

    The firm is forecasting a 1.9 percent rise in global silver mine production to 823 million ounces in 2025. Much of that growth is expected to come out of Mexico, and it is also projecting output will rise in Chile and Russia. Lower production from Australia and Peru will offset some of these gains.

    Looking at demand, Metals Focus sees growth in 2025 flatlining as industrial fabrication takes a hit from the global tariff war. This could be tempered by an anticipated rebound in demand from physical investment in silver bars and coins.

    The silver market is expected to experience a substantial deficit of 117.6 million ounces in 2025, amounting to the sixth straight year of supply shortage for the metal.

    Is the silver price manipulated?

    As a final note on silver, it’s important for investors to be aware that manipulation of prices is a major issue in the space.

    For instance, in 2015, 10 banks were hit in a US probe on precious metals manipulation. Evidence provided by Deutsche Bank (NYSE:DB) showed “smoking gun” proof that UBS Group (NYSE:UBS), HSBC Holdings (NYSE:HSBC), the The Bank of Nova Scotia (TSX:BNS) and other firms were involved in rigging silver rates from 2007 to 2013. In May 2023, a silver manipulation lawsuit filed in 2014 against HSBC and the Bank of Nova Scotia was dismissed by a US court.

    JPMorgan Chase & Co. (NYSE:JPM) has been long at the center of silver manipulation claims as well. For years the firm has been in and out of court for the accusations. In 2020, JPMorgan agreed to pay US$920 million to resolve federal agency probes regarding the manipulation of multiple markets, including precious metals.

    In 2014, the London Silver Market Fixing stopped administering the London silver fix, which had been used for over a century to fix the price of silver. It was replaced by the LBMA Silver Price, which is run by ICE Benchmark Administration, in a bid to increase market transparency.

    Market watchers like Ed Steer have said that the days of silver manipulation are numbered, and that the market will see a significant shift when the time finally comes.

    Investor takeaway

    Silver’s new all-time highs have brought the metal into uncharted territory, and as momentum continues for the silver price in 2026 investors are wondering how high it could go.

    It is worth keeping in mind that silver has yet to break its inflation-adjusted high; considering its previous peaks can offer investors a look into how silver’s gains in 1980 and 2011 stack up to its run in 2025 and 2026.

    While it’s impossible to know for sure what’s next for silver, keeping an eye on the factors driving its performance, including gold’s performance, geopolitics, the economy and industrial demand, will help investors make decisions on when to buy and sell.

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

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    (TheNewswire)

    Toronto, Ontario TheNewswire – January 26, 2026 Homeland Nickel Inc. (‘Homeland’ or the ‘Company’) (TSX-V: SHL, OTC: SRCGF), is pleased to announce the appointment of Jordan Black, P. Eng., as Corporate Secretary of the Company after the resignation of Errol Farr, CPA effective today.

     

    Jordan is a Senior Geotechnical Engineer and entrepreneur with experience across mining, engineering and technology sectors. He currently serves as Chief Executive Officer and Director of Ramp Metals Inc. Ramp Metals is a grassroots exploration company with a focus on a new gold and copper district in Saskatchewan, Canada. Previously, he was Geotechnical Team Lead (and Senior Geotechnical Engineer) at WSP Canada, where he focused on mining projects and innovation. WSP operates globally across more than 40 countries with around 78,000 people worldwide and reported revenue of ~14 billion USD in 2025. He also served as Vice President of Business Development at GoldSpot Discoveries Inc. GoldSpot is a technology company that leverages artificial intelligence to reduce capital risk while working on increasing success rates in resource exploration.

     

    Errol Farr commented ‘It is with a heavy heart that I announced my resignation to the board of directors yesterday. I came on board just over 2 years ago and it has been an absolute pleasure to serve the Company. In the last year I have taken on the role of CEO for two other public companies and I am required to dedicate more time to those affairs. With the enormous success of Homeland recently, it has hastened the need to have my duties assumed by people that can focus on driving Homeland forward. I would like to thank Steve Balch, CEO, Ashley Nadon, CFO and the board of directors for providing me with this great opportunity. I wish all the shareholders of Homeland the greatest of success in building the greatest nickel story ever.’

     

    Steve Balch commented ‘It’s been a great 2 years with Errol as our Corporate Secretary, and we wish him well in his new CEO roles. We also welcome Jordan Black aboard who will make an excellent fit with Homeland going forward’.

     

    In connection with the appointment Jordan Black has been granted 500,000 stock options exercisable at $0.47 expiring January 26, 2029.

     

    This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company’s control that may cause actual results or performance to differ materially from those currently anticipated in such statements.

     

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

     

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Stephen Balch, President & CEO

    Phone:        905-407-9586

    Email:        steve@beci.ca

    Copyright (c) 2026 TheNewswire – All rights reserved.

    News Provided by TheNewsWire via QuoteMedia

    This post appeared first on investingnews.com

    TORONTO, ON / ACCESS Newswire / January 26, 2026 / Lahontan Gold Corp. (TSXV:LG,OTC:LGCXF)(OTCQB:LGCXF)(FSE:Y2F) (the ‘Company‘ or ‘Lahontan‘) is pleased to announce that it has mobilized a Super 90 track-mounted core drill rig to the Company’s flagship Santa Fe Mine Project located in Nevada’s prolific Walker Lane. The core drilling is part of the Company’s ongoing mine development program, focusing on collecting core samples for waste rock geochemical characterization as part of the State level mine permitting process. The drill holes will also be used to further define the distribution of ground water in the area of proposed open pit mining, another key component of the permitting process.

    Kimberly Ann, Lahontan Executive Chair, President, CEO, and Founder commented: ‘Lahontan is excited to take this important next step in the permitting process for the resumption of open pit mining and heap leach processing at Santa Fe. By mobilizing drilling equipment early in 2026, we expect to get both the hydrologic data and waste rock geochemical data needed to keep the Company on track for breaking ground at Santa Fe in 2027.’

    About Lahontan Gold Corp.

    Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 28.3 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq(48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. For more information, please visit our website: www.lahontangoldcorp.com

    * Please see the ‘Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project’, Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to 79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%.

    Qualified Person

    Brian J. Maher, M.Sc., CPG-12342, is a ‘Qualified Person’ as defined under Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this news release in respect of all technical disclosure other than the Mineral Resource Estimate as noted above.‎ Mr. Maher is Vice President-Exploration for Lahontan Gold and has verified the data disclosed in this news release, including the sampling, ‎‎analytical and test data underlying the disclosure.

    On behalf of the Board of Directors

    Kimberly Ann
    Founder, CEO, President, and Director

    FOR FURTHER INFORMATION, PLEASE CONTACT:

    Lahontan Gold Corp.
    Kimberly Ann
    Founder, Chief Executive Officer, President, Director
    Phone: 1-530-414-4400
    Email: Kimberly.ann@lahontangoldcorp.com
    Website: www.lahontangoldcorp.com

    Cautionary Note Regarding Forward-Looking Statements:

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements are based on the opinions and estimates 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 statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com

    SOURCE: Lahontan Gold Corp.

    View the original press release on ACCESS Newswire

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    Terra Clean Energy CORP. (‘Terra’ or the ‘Company’) (CSE: TCEC,OTC:TCEFF, OTCQB: TCEFF, FSE: 9O0), is pleased to announce terms to acquire up to a 100% interest in the Freedom & Prospector Mines Project consisting of 6 Bureau of Land Management (‘BLM’) unpatented Lode Mining Claims on 39.5 Ha covering historic uranium mines (Prospector 1 Mine, Prospector 4 Mine, Buddy Mine, Lucky Strike). 

    Transaction Highlights

    • 4 Past Producing Uranium Mines covered on the Claims and surrounding area having produced over 1.33M lbs U3O8 at reported average grades of .22% U3O8 *
    • Close Proximity to major roads with good year around access, power and a uranium mill located in Blandings, Utah
    • Uranium recently added to U.S. List of Critical Minerals fast tracking permitting, regulatory policies as well as making eligibility for federal funding, loans and government grants easier
    • Strong Government support for nuclear power and uranium mining projects and a stated objective to reduce reliance on foreign nuclear fuel
    • Staged earn-in allows the company to optimize exploration programs
    • Provides Terra shareholders exposure to three North American assets both with near surface uranium opportunities in low-risk jurisdictions

    Greg Cameron stated ‘The opportunity here is you have an historic uranium district that was never systematically drilled and after decades it will finally get modern mining technology’.  ‘It is clear from the moment you arrive you are in a uranium district with many old workings, adits, shafts and old infrastructure. I am excited to see work begin and believe there to be a clear path to add significant value for our shareholders.’

    Rationale Behind the Acquisition

    The Freedom and Prospector Mines produced from 1949 through to 1969, historical production from the Marysvale district recorded over 1.33M lbs U3O8 with over 75% of that coming from these mines. The mines in the area were initially mined individually as deep as 700-900 feet, however by the mid 1950’s the Prospector 1, Prospector 4, VCA Shaft,  Freedom 1, and Freedom 2 Mines were all joined by underground drifts and worked as one operation.   Drilling in 1970s confirmed the ore continued down at least another 600 feet which we plan to confirm via step out drilling. It is important to note that the encompassing claims have a production history, in ideal locations, situated near main roads, secondary roads and have access to power and water sources. In December The Trump Administration added uranium to the critical minerals list with a view to attract capital to uranium projects.

    ‘This project offers significant upside as it is clear that these old mines were abandoned in the 1970’s due to a uranium market collapse not because they ran out of uranium to mine,’ stated Greg Cameron, CEO of Terra. ‘We believe strongly that we can expand on the previous work through modern exploration technologies like 3D modelling’  added Trevor Perkins VP Exploration.

    Project Overview

    The Prospector and Freedom Mines Project consists of 6 contiguous claims covering 39.5 Ha in Piute County, Utah.  The property is located adjacent to the Fishlake National Forest, approximately 5.25 km northeast of the village of Marysvale.   A network of gravel roads allow easy year-round access to the property.

    Uranium in the area was discovered in 1948 and mining commenced in 1949 by Vanadium Corporation of America (VCA).  Over the next few years they consolidated various claims and operations in the area.  Production ceased in the Marysvale area in 1969.  Some exploration drilling was undertaken in the area in the late 1970’s.

    The Marysvale District hosts nearly vertical, northeast and east striking fissure veins that cut granitic and volcanic rocks of the Belknap volcanic sequence and is a prime example of  an epithermal vein-style uranium system. Ore is located within the north-northwesterly striking, near vertical, Prospector Fault (Figure 3).  The primary ore minerals are uraninite, coffinite, jordisite, and umohoite. 

    Terra’s VP Exploration visited the property in late 2025.  Preliminary research indicates that there is still significant ore in the ground and the property has good resource potential.  All available mining and production data for the property should be acquired and digitized.  Air and ground based radiometric surveys and trenching of anomalies will aid in developing an updated structural model for the area to allow efficient drilling and modeling of the remaining mineralization.  

    Figure 1: Location Map of the Prospector and Freedom Mines Project in Utah, USA.

     Click Here to View Image

    Figure 2: Claim Map of the Prospector and Freedom Mines Project near Marysvale, Utah.

     Click Here to View Image

    Figure 3: Map of Vanadium Corporation of America workings, 1959.

     Click Here to View Image

     

    Figure 4:  Prospector 1 surface workings with capped shaft in center of picture.  Looking east.
    Click Here to View Image

    Transaction Overview 

    To earn its respective interests in Freedom and Prospector Claims, the Company would be required to make the following cash payments, common share issuances and incur exploration expenditures on the respective claims as follows:

      Cash Payment Share Issuance Exploration Expenditures
    To earn a 20% interest USD$67,500 on execution of definitive agreement 750,000 common shares within five business days of the execution of definitive agreement Incur USD$150,000 in expenditures on or before the 1st year anniversary of the execution of definitive agreement
    To earn a 40% interest Additional USD$50,000 on or before the 1st year anniversary of the execution of definitive agreement Additional 750,000 common shares on or before the 1st year anniversary of the execution of definitive agreement Incur additional USD$150,000 in expenditures on or before the 2nd year anniversary of the execution of definitive agreement
    To earn a 60% interest Additional USD$75,000 on or before the 2nd year anniversary of the execution of definitive agreement Additional 750,000 common shares on or before the 2nd year anniversary of the execution of definitive agreement Incur additional USD$200,000 in expenditures on or before the 3rd year anniversary of the execution of definitive agreement
    To earn an 80% interest Additional USD$100,000 on or before the 3rd year anniversary of the execution of definitive agreement Additional 750,000 common shares on or before the 3rd year anniversary of the execution of definitive agreement Incur additional USD$200,000 in expenditures on or before the 4th year anniversary of the execution of definitive agreement
    To earn a 100% interest Additional USD$125,000 on or before the 4th year anniversary of the execution of definitive agreement Additional 750,000 common shares on or before the 4th year anniversary of the execution of definitive agreement Incur additional USD$250,000 in expenditures on or before the 5th year anniversary of the execution of definitive agreement

    ** Subject to the retention by the Vendors of a two percent (2%) net royalty on the Freedom Prospector  Claims (the ‘F&P Royalty‘), with Terra Clean having the option to purchase fifty percent (50%) of the F&P Royalty at any time by making a total cash payment to the Vendors in the amount of USD$500,000.

    The agreements to acquire an interest in The Freedom & Prospector Claims remains subject to the receipt of all regulatory approvals, including the approval of the Canadian Securities Exchange.

    All securities issued in connection with these agreements would be subject to a four-month plus one day hold period from the date of issuance in accordance with applicable securities laws.

    Marketing Agreements

    The Company has entered into an agreement with Ares Capital Markets Group Inc. (‘Ares’) on January 20, 2026 pursuant to which Ares will perform marketing, advertising and public awareness activities for the Company.  Ares will provide digital marketing services including email alerts, social media and related distribution.  The services will be conducted in accordance with the applicable policies of the Canadian Securities Exchange.

    Ares has been engaged by the Company for a 3-month period commencing immediately.  In consideration for the services provided, the Company has paid Ares US$100,000 in an upfront payment.

    Ares Capital Markets Group Inc. is based out of Delray Beach, Florida.  Ares is arm’s length to the Company and has no relationship with the Company and neither Ares nor its principal, Rodney Raanan, has any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest other than as disclosed herein.  Ares can be contacted at  Rodney@arescmg.com, phone number of 516-369-4855 or at 6151 Via Venetia N, Delray Beach, Florida, 33484.

    The Company has entered into an agreement with Aktien Check  (‘Aktien’) on January 20, 2026 pursuant to which Aktien will perform the marketing, advertising and public awareness activities for the Company in Europe. 

    Aktien has been retained by the Company for a one-month period commencing immediately.  In consideration for the services provided, the Company has paid Aktien 25,000 Euros in an upfront payment.

    Aktien is based in Germany and is arm’s length to the Company and has no relationship with the Company and neither Aktien nor its principal, Stefan Lindam, has any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest other than as disclosed herein.  Aktien can be contacted at stefan.lindam@aktiencheck.de, phone number of +49 2651 9890020 or at Bahnhofstrabe 6, 54670 Bad Marienberg, Germany.

    About Terra Clean Energy Corp.

    Terra Clean Energy is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project within the Fraser Lakes B Uranium Deposit, located in the Athabasca Basin region, Saskatchewan, Canada as well as developing past producing Uranium mines Utah and uranium exploration  properties in Wyoming, United States.

    ON BEHALF OF THE BOARD OF Terra Clean Energy CORP.

    ‘Greg Cameron’
    Greg Cameron, CEO

    Qualified Person

    The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, reviewed and approved on behalf of the company by C. Trevor Perkins, P.Geo., the Company’s Vice President, Exploration, and a Qualified Person as defined by National Instrument 43-101.

    *The historical results, production, and interpretation described here in have not been verified and are extracted from US Geological Survey reports.  The Company has not completed sufficient work to confirm and validate any of the historical data contained in this news release. The historical work does not meet NI 43-101 standards.  The Company considers the historical work a reliable indication of the potential of the San Rafael Swell and the information may be of assistance to readers.  Information collected during a site visit in September 2025 was collected using an RS-225 ‘Super-Spec’ Spectrometer manufactured, inspected and calibrated in 2025.

    Gruner, J.W., Fetzer, W.G., and Rapaport, I., 1951, The Uranium Deposits near Marysvale, Piute County, Utah, Economic Geology Vol 46 No 3, pp. 243-251.

    Steven, T.A., Cunningham, C. G., Naeser, C.W., and Mehnert, H.H., 1979, Revised stratigraphy and radiometric ages of volcanic rocks in the Marysvale area, west-central Utah: U.S. Geological Survey Bulletin 1469, 40 p.

    Forward-Looking Information

    This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information, including statements regarding the potential development of mineral resources and mineral reserves which may or may not occur. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and general economic and political conditions. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary approvals, including governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by applicable laws. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the Company’s public filings available under the Company’s profile at www.sedarplus.ca.

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

    For further information please contact:

    Greg Cameron, CEO
    info@tcec.energy

    Terra Clean Energy Corp
    Suite 303, 750 West Pender Street
    Vancouver, BC V6C 2T7
    https://www.tcec.energy/

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