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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.

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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.’

This post appeared first on NBC NEWS

(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

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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.

    This post appeared first on investingnews.com

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

    Copper Quest Exploration Inc. (CSE: CQX,OTC:IMIMF; OTCQB: IMIMF; FRA: 3MX) (‘Copper Quest’ or the ‘Company’) is pleased to announce that it plans to complete a non-brokered, bought deal, strategic private placement (the ‘Private Placement’) with Concept Capital Management Ltd. (the ‘Concept Capital Management’) by issuing up to an aggregate of 15,000,000 units (the ‘Units’) at a price of C$0.13 per Unit for gross proceeds of up to C$1,950,000. Copper Quest is pleased to welcome this new strategic investor who shares the Company’s long-term view of investment and provides foundational financing for Mining and exploration companies to complete exploration and feasibility studies.

    The Board of Concept Capital Management stated: ‘We are very excited for the opportunity to invest in a company that we see has great potential to advance multiple notable properties. Our management group is focused on up-and-coming copper properties that we feel have undervalued discovery hole results such as the Stars and Kitimat properties owned by Copper Quest. We also see exceptional value in gold properties we believe could quickly increase current gold resources through drilling. We are particularly interested in stable, mining friendly jurisdictions such as British Columbia and so we feel Copper Quest is just a great investment opportunity for us.’

    Brian Thurston, CEO of Copper Quest, comments: ‘We’re thrilled to welcome Concept Capital as a new cornerstone investor into Copper Quest and thankful for their shared vision to grow shareholder value through the acquisition and advancement of multiple properties by drilling and discovery. This hard dollar investment into Copper Quest adds another level of value for our shareholders through a strong treasury and working capital that allows the Company to expand its planned exploration and drilling operations for the 2026 season.’

    Strategic International Private Placement

    Each Unit consists of one (1) common share in the capital of the Company (a ‘Share‘) and one Share purchase warrant, whereby each Share purchase warrant (a ‘Warrant‘) shall be convertible into an additional Share (a ‘Warrant Share‘) at an exercise price of C$0.165 per Warrant Share. Each Warrant shall expire on the date that is two (2) years following the date of issuance (the ‘Expiry Date‘). The Expiry Date of the Warrants may be accelerated if the closing price of the Shares on any Canadian stock exchange equals or exceeds $0.50 for ten (10) consecutive trading days at any time following the date that is four months and one day after the date of issue of the Warrants, such that the Warrants shall expire on the date which is 30 calendar days following the date a news release is issued by the Company announcing the accelerated expiry date of the Warrants.

    Proceeds from the Private Placement are intended for exploration activities and general working capital purposes. Closing of the Private Placement is subject to the receipt of all necessary regulatory and other approvals and is expected to take place on or before February 4, 2026. Copper Quest may pay finder’s fees in connection with the Private Placement.

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

    About Copper

    Copper is an essential industrial metal at the heart of the global energy transition and modern infrastructure. It plays a critical role in electrification, renewable energy systems, electric vehicles, data centers, and smart technologies. With global demand rising and new supply challenged by declining grades, complex permitting, and underinvestment, the copper market faces persistent deficits and growing geopolitical scrutiny. Recent U.S. policy announcements, including import tariffs and initiatives to secure domestic and allied supply chains, underscore copper’s strategic importance and the need for resilient, localized resource exploration, development, production and processing capacity.

    About Copper Quest

    The company’s land holdings comprise 7 projects that span over 45,000 hectares in great mining jurisdictions of Canada and the USA. Copper Quest is committed to building shareholder value through acquisitions, discovery-driven exploration, and responsible development of its North American critical mineral portfolio of assets. The Company’s common shares are principally listed on the Canadian Stock Exchange under the symbol ‘CQX’. For more information on Copper Quest, please visit the Company’s website at www.copper.quest.

    Copper Quest has a 100% interest in the past-producing Alpine Gold Mine located approximately 20 kilometers northeast of the City of Nelson British Columbia, spanning 4,611.49 hectares with a 2018 National Instrument 43-101 Standards of Disclosure for Mineral Projects historical inferred resource of 268,000 tonnes, estimated using a cut-off grade of 5.0 g/t Au and an average grade of 16.52 g/t Au, that represents an inferred resource of 142,000 oz of gold (McCuaig & Giroux, 2018)*.  Apart from the Alpine Mine itself the property hosts 4 other less explored significant vein systems including the past-producing King Solomon vein workings, the Black Prince and the Cold Blow veins system, and the Gold Crown vein system. *The Company has not yet completed sufficient work to verify the 2018 historic inferred resource results.

    Copper Quest has a 100% interest in the road accessible Stars Porphyry Copper-Molybdenum Property, spanning 9,693 hectares in central British Columbia’s Bulkley Porphyry Belt with Tana Zone discovery drill intersection highlights of 0.466% Cu over 195.07m* in drill hole DD18SS004 from 23.47m, 0.200% Cu over 396.67m* in drill hole DD18SS010 from 29.37m, and 0.205% Cu over 207.27m* in drill hole DD18SS015 from 163.98m. This highly prospective, approximately 5 X 2.5 kilometer annular magnetic anomaly is interpreted to represent an altered monzonite intrusion and surrounding hornfels.

    Copper Quest has a 100% interest in the road accessible Kitimat Copper-Gold Property, spanning 2,954 hectares within the Skeena Mining Division of northwestern British Columbia located northwest of the deep-water port community of Kitimat, British Columbia. The property benefits from exceptional infrastructure, being within 10 km of tidewater, 1.5 km of rail, and 6 km of high-voltage hydroelectric transmission lines. Exploration on the Kitimat property dates to the late 1960s, with the most significant historical work conducted by Decade Resources Ltd. (2010), which completed 16 diamond drill holes totaling 4,437.5 meters in the Jeannette Cu-Au Zone, and drill intersection highlights of 1.03 g/t Au, 0.54% Cu over 117.07 m in Hole J-7 from 1.52 m, 1.00 g/t Au, 0.55% Cu over 103.65m in Hole J-1 from 9.15 m, 0.80 g/t Au, 0.45% Cu over 107.01m in Hole J-2 from 6.10 m, and 0.41 g/t Au, 0.33% Cu over 112.20m in Hole J-8 from 11.89 m.

    Copper Quest has a 100% interest in the Nekash Copper-Gold Project, a porphyry exploration opportunity located in Lemhi County, Idaho, USA, along the prolific Idaho-Montana porphyry copper belt that hosts world-class systems such as Butte and CUMO. The project is fully road-accessible via maintained U.S. highways and forest service roads and consists of 70 unpatented federal lode claims covering 585 hectares.

    Copper Quest has a 100% interest in the road accessible Stellar Property, spanning 5,389-hectares in British Columbia’s Bulkley Porphyry Belt contiguous to the Stars Property.

    Copper Quest has a 100% interest in the Thane Project located in the Quesnel Terrane of Northern British Columbia spanning over 20,658 hectares with 10 priority targets identified demonstrating significant copper and precious metal mineralization potential.

    Copper Quest has an earn-in option of up to 80% and joint-venture agreement on the road accessible Rip Porphyry Copper-Molybdenum Project, spanning 4,700-hectares located in the Bulkley Porphyry Belt in central British Columbia.

    On behalf of the Board of Copper Quest Exploration Inc.

    Brian Thurston, P.Geo.
    Chief Executive Officer and Director
    Tel: 778-949-1829

    For further information contact:

    Kelly Abbott
    Investor Relations
    info@copper.quest

    https://x.com/CSECQX
    https://ca.linkedin.com/company/copper-quest

    Forward Looking Information

    This news release contains certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements‘) within the meaning of applicable securities legislation. All statements, other than statements of historical fact included herein, including without limitation, the planned use of proceeds of the Private Placement, and future operations and activities of Copper Quest, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’, and similar expressions, or statements that events, conditions, or results ‘will’, ‘may’, ‘could’, or ‘should’ occur or be achieved. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company’s exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company’s business and prospects. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. The Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

    The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.

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    Investor Insight

    Coelacanth Energy presents strong growth potential in the Canadian light oil and natural gas sector, supported by rapidly increasing production, robust pad performance at Two Rivers, and continued infrastructure buildout. Encouraging well test results and a management team with a track record of repeated success position Coelacanth as a compelling long-term growth story.

    Overview

    Coelacanth Energy (TSXV:CEI) is a junior oil and natural gas exploration and development company, focusing primarily on the prolific Montney region in northeastern British Columbia, Canada. With a substantial landholding of approximately 150 net sections in the Two Rivers area of Montney, Coelacanth is strategically positioned to harness the potential of one of the most resource-rich natural gas basins in North America.

    Coelacanth distinguishes itself with a two-pronged strategy: near-term production growth and long-term resource development. Supported by advanced geological delineation and a robust infrastructure buildout, the company is poised to scale efficiently as it transitions from exploration to production.

    Backed by a management team that has built and sold six successful oil and gas companies, Coelacanth is focused on delivering returns through disciplined capital deployment and operational execution.

    The Montney Advantage

    The Montney Formation spans British Columbia and Alberta and is known for its high levels of recoverable natural gas and liquids. Montney has attracted numerous large oil and gas producers, including companies like Canadian Natural Resources (CNQ), Shell, ARC Resources (ARX), Tourmaline Oil Corp (TOU), and ConocoPhillips (COP). The presence of such large players highlights the importance of this region in contributing to both the Canadian and global energy markets.

    Coelacanth’s landholdings are strategically located in the Two Rivers area of Montney, giving it access to a highly productive portion of the basin. Unlike many junior exploration companies, Coelacanth is drill-ready, positioning it favorably among its peers. By securing significant infrastructure and landholdings, Coelacanth ensures its ability to tap into the natural gas and oil resources that lie beneath its properties, a key advantage in the competitive Montney region.

    Company Highlights

    • Over 150 net sections of contiguous land in the Two Rivers area, located in the Montney geological fairway, one of North America’s most prolific liquids-rich natural gas regions.
    • Strategic proximity to major producers like ARC Resources, Tourmaline Oil Corp, Shell and ConocoPhillips.
    • Two Rivers East began first production in June 2025, with systematic ramp-up ongoing through the year.
    • Phase 1 facilities now operational (30 mmcf/d + associated oil); Phase 2 to add compression and double capacity by late 2025.
    • Nine wells drilled and tested on the 5-19 pad with over 11,000 boe/d in aggregate flush test rates; multiple wells exceeding 1,200 boe/d with strong light-oil cuts.
    • Q3 2025 production increased 296 percent to 3,280 boe/d, driven by new volumes from Two Rivers East.
    • Estimated production growth: 4,000 boe/d in 2025; 11,000 boe/d in 2026; 15,000 boe/d in 2027.

    Key Projects

    Two Rivers East and Two Rivers West

    The Two Rivers Montney development remains the foundation of Coelacanth’s long-term growth strategy. The project includes multiple Montney benches – Lower, Upper, Basal and Middle – providing significant running room for future drilling. The company has now drilled and tested nine wells on the 5-19 pad, with combined flush test rates exceeding 11,000 boe/d and strong light-oil cuts across several Lower Montney wells.

    Two Rivers East began first production in June 2025, and wells are being brought on stream in stages as facility capacity becomes available. Phase 1 facilities, capable of processing 30 mmcf/d of gas and associated oil, were completed for the June startup. Phase 2, expected to be commissioned in late 2025, will add compression and approximately double throughput capacity to support ongoing pad development.

    The Two Rivers West area remains in production and continues to demonstrate commercial performance, with additional upside in the Upper Montney and opportunities for further delineation across the land base. These results support the broader multi-zone development potential across Coelacanth’s 150-section Montney position.

    Market Access and Takeaway Agreements

    Coelacanth lands are directly connected to LNG Canada via Coastal Gaslink for potential future delivery.

    Coelacanth has secured long-term gas takeaway for its growing production base. The company holds firm commitments for up to 100 mmcf/d of natural gas takeaway capacity and has secured processing capacity of up to 60 mmcf/d at a third-party facility. Oil and condensate produced from the Montney light oil window can be trucked to regional terminals or connected via infrastructure to major hubs including Fort Saskatchewan, Edmonton and Prince George.

    On the gas side, Coelacanth has egress options through pipelines such as NGTL, Westcoast and Alliance, and is strategically positioned to benefit from future access to LNG Canada via the Coastal GasLink system.

    Board and Management

    Rob Zakresky – President and CEO

    Rob Zakresky has a significant background in the oil and gas sector, previously serving as the president and CEO of Leucrotta Exploration as well as five additional predecessor companies. He has been with Coelacanth Energy since its inception and is recognized for his strategic leadership and focus on enhancing shareholder value. His expertise in financial management and operations is reflected in his approach to driving the company’s growth.

    Bret Kimpton – Vice-president of Operations and COO

    Bret Kimpton joined Coelacanth Energy in 2022, bringing a wealth of experience from his previous role as vice president of production at Storm Resources, where he contributed to significant production growth. He has a strong background in construction and operations, especially in the Montney region of British Columbia, managing various fields. His role at Coelacanth focuses on overseeing operational efficiency and implementing the company’s growth strategies.

    Nolan Chicoine – Vice-president of Finance and CFO

    Nolan Chicoine has also been with Coelacanth Energy since its inception. His responsibilities encompass financial oversight, including financial planning, reporting, and analysis. He plays a crucial role in aligning the financial strategies with the company’s operational goals. His background includes significant experience in financial management as CFO for Leucrotta Exploration, Crocotta Energy, and Chamaelo Energy.

    Jody Denis – Vice-president of Drilling & Completions

    Jody Denis is the former drilling, engineering & operations engineer at Leucrotta Exploration. Prior to that, he was senior operations advisor at Black Swan Energy, drilling manager at ARC Resources, and drilling and completions manager at Birchcliff Energy.

    John Fur – Vice-president, Geosciences

    John Fur is the former manager, exploration of Leucrotta Exploration, and former senior geophysicist at Crocotta Energy, Chamaelo Energy, Chamaelo Exploration, Viracocha Energy, Canadian Natural Resources, Post Energy, Amber Energy and Husky Oil.

    Dan Rach – Vice-president, Production

    Dan Rach joined Coelacanth in Sept 2023 as senior production engineer. Prior to that, he was production engineer at Canadian Natural Resource, engineering manager at Bidell Equipment LP, supplier quality engineer at Flextronics Network Services, and manufacturing engineer at General Motors.

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    (TheNewswire)

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

     

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

     

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

     

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

     

    About Spartan Metals Corp.

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

     

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

     

    On behalf of the Board of Spartan

    ‘Brett Marsh’

    President, CEO & Director

     

    Further Information:

    Brett Marsh, M.Sc., MBA, CPG

    President, CEO & Director

    1-888-535-0325

    info@spartanmetals.com

     

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

     

    Copyright (c) 2026 TheNewswire – All rights reserved.

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

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

    Engagement of Michael Pound

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

    Opportunity to Meet with Domestic’s Management

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

    About ICP Securities Inc.

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

    About Domestic Metals Corp.

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

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

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

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

    On behalf of Domestic Metals Corp.

    Gord Neal, CEO and Director
    (604) 657 7813

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

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

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

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

    Cautionary Note Regarding Forward-Looking Statements

    This news release contains certain statements that may be deemed ‘forward-looking statements’. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements may include, without limitation, statements relating to the Company’s continued stock exchange listings and the planned exploration activities on properties. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to: competition within the industry; actual results of current exploration activities; environmental risks; changes in project parameters as plans continue to be refined; future price of commodities; failure of equipment or processes to operate as anticipated; accidents, and other risks of the mining industry; delays in obtaining approvals or financing; risks related to indebtedness and the service of such indebtedness; as well as those factors, risks and uncertainties identified and reported in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

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