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

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

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

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

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

A mysterious and vague framework

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

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

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

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

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

A resource-centric agenda

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

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

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

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

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

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

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

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

Shades of an existing agreement

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

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

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

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

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

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

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

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

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

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

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Freeport-McMoRan Plans 2026 Grasberg Restart After Deadly Mud Rush

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

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

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

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

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

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

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

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

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

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

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

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

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Freegold Provides an Update on its 2026 Plans

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2026: Opportunities and Objectives 

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

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

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

Freegold Logo (CNW Group/Freegold Ventures Limited)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

SOURCE Freegold Ventures Limited

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LaFleur Minerals Inc.Sees Emerging Dynamic with Pivot from Exploration to Production

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This article has been disseminated on behalf of LaFleur Minerals and may include paid advertising. 

Disclosure: This does not represent material news, partnerships or investment advice.

Via MiningNewsWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by MiningNewsWire (‘MNW’), one of 75+ brands within the Dynamic Brand Portfolio@IBN (InvestorBrandNetwork), a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.

To view the full publication, ‘From Permits to Gold Pour: Why Readiness Matters,’ please visit: https://ibn.fm/qihBV

One of the most pivotal moments in a mining company’s lifecycle is not the initial discovery phase or the point at which production is fully established, but rather the transition between exploration and production. At this stage, geological uncertainty has been largely addressed, infrastructure is complete, pathways to production are defined and capital is aligned with execution. Historically, this combination has created the conditions for substantial valuation expansion. Adequate funding becomes critical during this transition, enabling companies to move beyond planning and into operational delivery.

This dynamic is now emerging at LaFleur Minerals Inc., a Québec-based, near-term gold producer that recently completed an upsized and oversubscribed C$7.8 million financing. With capital in place to restart operations at its Beacon Gold Mill, the company now sits at a stage where upside has often accelerated for mining developers. 

About LaFleur Minerals Inc.

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

Qualified Person Statement – All scientific and technical information contained in the LaFleur Minerals Market Awareness Profile (MAP) has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company and considered a Qualified Person for the purposes of NI 43-101.

NOTE TO INVESTORS: The latest news and updates relating to LFLR are available in the company’s newsroom at http://ibn.fm/LFLRF

About MiningNewsWire

MiningNewsWire (‘MNW’) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.

MNW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from MiningNewsWire, text ‘BigHole’ to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.MiningNewsWire.com

Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or republished: https://www.MiningNewsWire.com/Disclaimer

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Los Angeles, CA
www.MiningNewsWire.com
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Editor@MiningNewsWire.com

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

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

FPX Nickel logo (CNW Group/FPX Nickel Corp.)

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

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

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

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

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

    About the Baptiste Nickel Project

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

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

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

    About FPX Nickel Corp.

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

    On behalf of FPX Nickel Corp.

    ‘Martin Turenne’

    Martin Turenne, President, CEO and Director

    Forward-Looking Statements

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

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

    SOURCE FPX Nickel Corp.

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    Canadian PM Carney fires back at Trump over claim that ‘Canada lives because of the United States’

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    Canadian Prime Minister Mark Carney has rejected President Donald Trump’s assertion that ‘Canada lives because of the United States.’

    ‘Canada and the United States have built a remarkable partnership in the economy, in security, and in a rich cultural exchange,’ Carney said on Thursday while speaking in Plains of Abraham, Québec, during a cabinet retreat. 

    ‘But Canada doesn’t ‘live because of the United States’,’ he said, referencing Trump’s remark. ‘Canada thrives because we are Canadian. We are masters in our own house. This is our country. This is our future. The choice is ours.’

    In response to Fox News Digital’s request for comment, the White House pointed to Trump’s Truth Social post.

    On Thursday, Trump published an open letter to Carney informing him that Canada’s invitation to join the Board of Peace — a U.S.-led council tasked with managing Gaza’s post-war future — had been rescinded.

    ‘Please let this Letter serve to represent that the Board of Peace is withdrawing its invitation to you regarding Canada’s joining, what will be, the most prestigious Board of Leaders ever assembled, at any time. Thank you for your attention to this matter!’ Trump wrote on Truth Social.

    The board was inaugurated in Davos, Switzerland, on Thursday, though Carney had already left, according to The Associated Press.

    Tensions between Carney and Trump flared as world leaders met in Davos for the annual World Economic Forum. Both Trump and Carney took swipes at each other in their respective speeches.

    During his address on Tuesday, Carney did not mention Trump by name, but rather he said that ‘rules-based order is fading,’ referencing the U.S.

    He admitted that there were benefits to US. leadership on the world stage, but painted the entire concept of a rules-based international order as a falsity that is actively failing. Additionally, in his address, Carney urged middle powers, like Canada, to assert themselves and take the opportunity to ‘build a new order that embodies our values.’

    When delivering his address on Wednesday, Trump did not shy away from taking aim at Carney. He said that Canada ‘should be grateful’ because the country gets ‘a lot of freebies’ from the U.S., though he did not say what he was referring to.

    ‘I watched your prime minister yesterday, he wasn’t so grateful,’ Trump said. ‘Canada lives because of the United States. Remember that, Mark, the next time you make your statements.’

    The friction between Trump and Carney underscored a growing rift between the two. In his address to a cabinet retreat, Carney framed it as a moment for Canada to assert its own power and build a future based on its own values.

    Fox News Digital reached out to Carney’s office for comment.


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    Trump vows heavy campaign push for GOP, cites ‘midterm curse’ for sitting presidents

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    He’s not on the ballot this year, but President Donald Trump promises he’ll be on the campaign trail ‘a lot’ on behalf of fellow Republicans running in the midterm elections.

    ‘I’m gonna do a lot of campaign traveling,’ Trump told reporters Thursday aboard Air Force One, as he pointed to his effort this year to help the GOP defend their narrow Senate control and razor-thin House majority. ‘We’re going to work hard.’

    But Trump appeared to downplay the GOP’s ballot box expectations as he acknowledged that the party in power, in this case the Republicans, normally faces stiff political headwinds in the midterms.

    ‘For whatever reason, it’s a deep-down psychological reason, sitting presidents … don’t seem to do well in the midterms,’ the president noted.

    Trump made stops last month and earlier this month in the key battleground states of Pennsylvania, North Carolina, and Michigan, to highlight his accomplishments during his first year back in the White House, and to tout his efforts to combat rising prices, a key issue with voters.

    And next week the president travels to Iowa, where Republicans aim to defend open Senate and gubernatorial seats in November’s elections.

    Sources in the president’s political orbit confirmed to Fox News Digital last month that Trump would be making regular stops on the campaign trail this year. And earlier this week, White House Chief of Staff Susie Wiles, who served as co-campaign manager of Trump’s 2024 presidential bid, signaled that Trump would be making weekly stops.

    That’s a big change from Trump’s first term, when the president didn’t start his campaign travel blitz until Labor Day.

    Republicans lost control of the House in the 2018 midterms, something Trump is aiming to avoid in his second term.

    Part of Trump’s strategy includes holding a first-ever Republican midterm convention this year.

    As first reported by Fox News Digital, the Republican National Committee, at the winter meeting on Thursday, took the first formal step to change to the party’s rules, which would allow Chairman Joe Gruters ‘to convene a special ceremonial convention outside a presidential election cycle.’

    National political conventions, where party delegates from around the country formally nominate their party’s presidential candidates, normally take place during presidential election years. And the hope among Trump and top Republicans is that a midterm convention would give the GOP a high-profile platform to showcase the president’s record and their congressional candidates running in the midterms.

    The GOP is dealing with a low propensity issue: MAGA voters who don’t always go to the polls when Trump’s name isn’t on the ballot.

    But Gruters emphasized in a Fox News Digital interview earlier this month that ‘the President of the United States is our secret weapon… He’s laser focused.’

    ‘We got to make sure we turn our voters out, and we got to make sure that we have people energized. And there’s nobody that can energize our base more than President Trump.’

    Trump on Thursday touted that ‘nobody had a better first year than I did.’

    ‘Look at what we’ve done. We have the greatest economy in the world. We have the greatest investment in a country, in history, by many times — nobody’s ever had that,’ he added.

    But the president’s approval ratings remain well underwater, with many Americans giving him a big thumbs down on the job he’s doing with the economy and the issue of affordability.

    ‘One year into his second term, Donald Trump has made one thing unmistakably clear: He doesn’t care about everyday Americans,’ DNC Rapid Response Director Kendall Witmer argued in a statement. ‘Voters won’t forget Trump’s betrayal come midterms — and Republicans will have to answer for it.’ 


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    Skyharbour Invites Shareholders to Upcoming Conferences

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    Skyharbour Resources Ltd. (TSX-V:SYH)  (OTCQX:SYHBF) (Frankfurt:SC1P) (‘Skyharbour’, ‘SYH’, or the ‘Company’) would like to cordially invite you to visit us at Booth #205 at the Vancouver Resource Investment Conference (‘VRIC’) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday, January 25, and Monday, January 26, 2026.

    During the Vancouver Resource Investment Conference, Skyharbour’s President and CEO, Jordan Trimble, will be giving a Skyharbour corporate presentation on Sunday, January 25 at 11:50 AM in Workshop 1.

    The Vancouver Resource Investment Conference 2026 will feature over 120 expert speakers, including globally respected economists, legendary money managers, and investors. This year’s conference promises an array of exceptional opportunities, including exclusive keynote sessions featuring 120 renowned speakers, unparalleled networking with over 5,000 industry professionals and investors, and interactive exhibits showcasing groundbreaking innovations across the resource sector. Attendees will gain invaluable insights into the commodities landscape, exploring emerging trends in precious metals, energy, critical minerals, and beyond.

    For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference.

    Metals Investor Forum – January 2026:

    Skyharbour will also be at the Metals Investor Forum Vancouver, where the Company will have a booth during the two-day event. President and CEO, Jordan Trimble, will provide a corporate presentation today at 11:50 AM during Session 2. The conference will take place at the Fairmont Pacific Rim (1038 Canada Place, Vancouver, B.C.) from Friday, January 23 to Saturday, January 24, 2026.

    About Skyharbour Resources Ltd.:

    Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in forty-three projects covering over 662,887 hectares (over 1.6 million acres) of land. Skyharbour owns a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage, uranium exploration property with high-grade, shallow uranium mineralization at the Maverick Zones. Adjacent to Moore, Skyharbour is advancing several uranium properties within the Russell Lake project area with its joint venture partner and large strategic shareholder Denison Mines. Collectively these projects host multiple zones of high-grade uranium mineralization across a highly prospective land package with significant exploration upside, and the Company is actively working these assets through exploration and drilling programs.

    Skyharbour now has joint ventures with industry-leaders Denison Mines and Orano Canada Inc. at the Russell Lake properties and the Preston project, respectively. The Company also has several active earn-in option partners, including CSE-listed Nexus Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to potentially over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments coming into Skyharbour, assuming that these partner companies complete the earn-ins at their respective projects.

    Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

    Skyharbour’s Uranium Project Map in the Athabasca Basin:
    https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2025-12-16.jpg

    To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com.

    Skyharbour Resources Ltd.

    ‘Jordan Trimble’

    Jordan Trimble
    President and CEO

    For further information contact myself or:

    Nicholas Coltura
    Corporate Communications Manager
    Skyharbour Resources Ltd.
    Telephone: 604-558-5847
    Toll Free: 800-567-8181
    Facsimile: 604-687-3119
    Email: info@skyharbourltd.com

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

    Forward-Looking Information:

    This news release contains ‘forward‐looking information or statements’ within the meaning of applicable securities laws, which may include, without limitation, completing ongoing and planned work on its projects including drilling and the expected timing of such work programs, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of uranium and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

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    Stallion Uranium Commences Ground Gravity Survey on Additional High Priority Drill Targets

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    Stallion Uranium Corp. (the ‘Company’ or ‘Stallion’) (TSX-V: STUD; OTCQB: STLNF; FSE: B76) is pleased to announce the mobilization of an expanded high-resolution ground gravity survey on its Coyote Target corridor, located in the Athabasca Basin of northern Saskatchewan, Canada.

    The current program is designed to extend the results of Stallion’s previous ground gravity survey by expanding coverage to the west of the original survey area. Mobilization is commencing, with the objective of identifying additional gravity lows and refining the geometry and continuity of anomalies identified at the margins of the earlier survey.

    Highlights:

    • The expanded survey aims to identify additional gravity lows associated with interpreted density destruction in the basement rocks, which may reflect hydrothermal alteration systems linked to uranium mineralization
    • Particular focus will be placed on gravity lows identified along the edges of the previous survey, several of which remain open and poorly constrained
    • Extending coverage westward will improve the understanding of the size, orientation, and continuity of priority anomalies at the Coyote Target
    • High-resolution ground gravity surveying has been successfully applied in the Athabasca Basin to identify alteration-related density lows, including its use in the discovery of NexGen Energy’s PCE uranium deposit
    • Survey results will be integrated with existing geological, geochemical, and geophysical datasets to further refine priority drill targets
    • The program is being conducted by MWH Geo-Surveys Ltd., utilizing ground gravity methods effective for mapping basement-hosted alteration systems

    Darren Slugoski, Vice President of Exploration for Stallion Uranium, said, ‘Extending the ground gravity survey is important not only for refining existing anomalies, but also for identifying additional target areas along the broader Coyote conductive trend. In the Athabasca Basin, multiple uranium deposits are known to occur along the same structural corridor, as demonstrated by the Patterson Lake corridor. Expanding coverage beyond the original survey boundaries will help us better define the continuity of alteration-related gravity lows and evaluate the potential for multiple uranium systems along the Coyote Trend.’

    Kyle Patterson, P.Geo., President of Convolutions Geoscience Corp., said, ‘Review of the existing gravity inversion suggests that key density lows at Coyote are not fully constrained at the western edge of the current survey coverage. Extending the ground gravity program is a logical next step to better define the geometry and continuity of these features, which may be associated with basement-hosted alteration systems. Improved spatial definition will strengthen target ranking and help guide future exploration decisions.’

    Coyote Target and Exploration Rationale:

    The Coyote Target was selected following a comprehensive technical evaluation of historical and recently acquired datasets, including geological mapping, geochemistry, and multiple geophysical surveys. The target exhibits characteristics consistent with basement-hosted uranium systems in the Athabasca Basin, where hydrothermal alteration commonly results in interpreted density destruction that can be effectively delineated using high-resolution ground gravity surveys.

    Stallion Uranium continues to apply disciplined, data-driven exploration techniques to systematically advance its portfolio of uranium projects within the Athabasca Basin.

    Extension of the Gravity Survey Area (Blue) over Coyote Corridor

    Figure 1: Extension of the Gravity Survey Area (Blue) over Coyote Corridor

    Ground Gravity Inversion (-25m ASL)

    About the Ground Gravity Survey:

    MWH Geo-Surveys uses customized L&R digital, electronic feedback gravity meters operated via proprietary controller software. These gravity meters, which incorporate electronic levels and electronic nulling, are fast, accurate and exceptionally reliable, particularly in cold weather operations. The digital output from the meter is captured via a Bluetooth link by GControl, software developed by MWH Geo-Surveys operating on a Juniper Archer field PC.

    At each gravity station, GControl records gravity samples at 1 second intervals; the resultant average of these records is used as the final gravity reading, thereby removing much of the high frequency noise, such as that caused by wind and ground motion. GControl also calculates precise real-time, location specific tidal corrections during data collection.

    With a typical mean data accuracy of 0.02 mgals, MWH Geo-Surveys continues to set the standard for high-resolution gravity surveys, delivering reliable results for resource exploration and geophysical studies.

    Upcoming Events:

    Stallion Uranium will be attending the upcoming Vancouver Resource Investment Conference (VRIC), taking place at the Vancouver Convention Centre in Vancouver, British Columbia January 25-26, 2026 (Booth #1009). Further information and registration for the Vancouver Resource Investment Conference can be found here.

    Stock Option Grant:

    The Company also announces that under the Company’s stock option plan dated October 8, 2024 (the ‘Plan‘), the Company has granted a total of 625,000 stock options (‘Options‘) to certain directors, officers and consultants of the Company.

    Each Option is exercisable for one common share of the Company at an exercise price of $0.35 per share for a period of five years from the date of grant. 50% of the Options granted will vest immediately and 50% of the Options will vest in six months from the date of grant. All Options are subject to the terms of the Company’s Plan; applicable securities law hold periods and approval of the TSX Venture Exchange.

    Qualifying Statement:

    The foregoing scientific and technical disclosures for Stallion Uranium have been reviewed and approved by Darren Slugoski, P.Geo., VP Exploration, a registered member of the Professional Engineers and Geoscientists of Saskatchewan. Mr. Slugoski is a Qualified Person as defined by National Instrument 43-101.

    About Stallion Uranium Corp:

    Stallion Uranium is working to ‘Fuel the Future with Uranium’ through the exploration of roughly 1,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones. With a commitment to responsible exploration and cutting-edge technology such as the use of the proprietary Haystack TI technology, Stallion is positioned to play a key role in the future of clean energy.

    Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. For more information visit stallionuranium.com.

    On Behalf of the Board of Stallion Uranium Corp.:

    Matthew Schwab
    CEO and Director

    Corporate Office:
    700 – 838 West Hastings Street,
    Vancouver, British Columbia,
    V6C 0A6

    T: 604-551-2360
    info@stallionuranium.com

    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.

    This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, ‘forward-looking statements’) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ‘will likely result’, ‘are expected to’, ‘expects’, ‘will continue’, ‘is anticipated’, ‘anticipates’, ‘believes’, ‘estimated’, ‘intends’, ‘plans’, ‘forecast’, ‘projection’, ‘strategy’, ‘objective’ and ‘outlook’) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.

    Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e7f8ba49-524e-4061-8ba8-3343ac8813a6

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    Republican drops primary challenge against incumbent Sen Cassidy after Trump-backed candidate enters race

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    Louisiana state Rep. Julie Emerson announced on Thursday that she was nixing her U.S. Senate bid in light of President Donald Trump-backed U.S. Rep. Julia Letlow entering the GOP primary.

    ‘With Congresswoman Letlow’s entrance into the race, the path to victory that was visible a couple of months ago has diminished. I support President Trump and respect his decision to endorse Julia Letlow to defeat Bill Cassidy. Because of this, I’m choosing to end my campaign now,’ Emerson said in a statement.

    Incumbent Republican Sen. Bill Cassidy of Louisiana, who has served in the U.S. Senate since 2015, is running for re-election.

    After the House impeached Trump in 2021, Cassidy was one of the Senate Republicans who voted to convict during a vote that occurred after Trump had already departed from office — the Senate vote ultimately fell short of the threshold required to convict Trump.

    The president pledged his endorsement to Letlow in a Truth Social post on Saturday.

    ‘Should she decide to enter this Race, Julia Letlow has my Complete and Total Endorsement. RUN, JULIA, RUN!!!’ the president exclaimed in the post.

    Letlow launched a Senate bid days later.

    ‘Today, I am announcing my candidacy for the United States Senate to ensure the nation we leave our children is safer and stronger. Louisiana deserves a conservative Senator who will not waver. I am honored to have President Trump’s endorsement and trust. Let’s Geaux!’ she declared in a Tuesday post on X.

    Louisiana State Treasurer John Fleming and state Sen. Blake Miguez are also running in the Republican U.S. Senate primary in the state.


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