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Providence Gold Mines Inc. Increases Financing

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(TheNewswire)

Providence Gold Mines Inc.

                                                     

TSX-V: PHD
OTC-PINKS: PRRVF
FRANKFURT EXCHANGE: 7RH1-F

VANCOUVER TheNewswire – February 4, 2026, Providence Gold Mines Inc. (‘Providence’ or the ‘Company’) announces that further to the news release of January 16, 2026 that the Company is increasing the announced Private Placement of up to $150,000, to up to $180,000. Each Unit consists of one common share and one full non-transferable warrant repriced to $0.065 from $0.05. The warrants are exercisable for a period of two years from the date of issue.  Finder’s fees may be paid at 7% cash and 7% finder’s warrants exercisable at $0.065 for a period of one year from the date of issue.

 

The proceeds from the Private Placement will be used for administration and continued sampling of the underground and surface workings to evaluate the potential of the available mineralization in advance of the planned 1000-ton bulk sample at the La Dama De Oro gold and silver property.

 

Remedial Road work on the main access road has been completed during the past several weeks. Once sampling confirms the robust potential mineralized zone the Company then plans to commence the 1000-ton bulk sample by April 2026.

 

The Property:

 

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

 

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

 

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

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

 

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

 

Ronald A. Coombes, President & CEO

Phone: 604 724 2369

roombes@providencegold.com

 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

 

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

 

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

Copyright (c) 2026 TheNewswire – All rights reserved.

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GOP must race for new ‘big, beautiful bill’ to slash costs before midterms, top House Republicans warn

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House Republicans who are spearheading the charge of another ‘big, beautiful bill’ say they only have a short window of time to pass a massive piece of legislation aimed at lowering costs for Americans across the board.

‘We need to see good movement within the month of February that puts us on a path to achieve this by late spring, early summer,’ Republican Study Committee (RSC) Chairman August Pfluger, R-Texas, told Fox News Digital.

President Donald Trump led Republicans through passing the One Big, Beautiful Bill Act last year, sprawling legislation that made good on versions of several Trump campaign promises like reducing taxes on tipped and overtime wages, extending his 2017 tax cuts, and surging more money toward his immigration crackdown.

The budget reconciliation process makes such a feat possible by lowering the Senate’s threshold for passage to line up with the House’s own simple majority line, empowering the party holding the levers of power in Congress to pass sweeping fiscal changes to U.S. law.

A large contingent of Republican lawmakers, including Speaker Mike Johnson, R-La., have said they want to use that process again sometime this year. Pfluger’s RSC, the largest caucus in the House GOP, released a framework last month with recommendations on a bill that would lower costs in areas like housing, healthcare and energy.

Pfluger told Fox News Digital that affordability would likely be a ‘major driver’ of another such GOP bill, but said he was still working on getting input from other areas of the House Republican Conference.

‘I’m sure that there will be refinement as we hear feedback from the different groups. But we do believe that it’s a solid framework. We believe that it’s a winning issue based on good policy,’ Pfluger said.

But both he and House Budget Committee Chairman Jodey Arrington, R-Texas, have acknowledged they will need to work fast — particularly with the 2026 midterm elections coming in November.

‘I would be embarrassed as a leader and as a conservative if our conference and Republicans in Washington won’t rally in these 10 or 11 months we have before November, where we still have this window of opportunity to strike,’ Arrington said in a forthcoming episode of the RSC’s ‘Right to the Point’ podcast, which Fox News Digital got an exclusive first look at.

He said elsewhere in the podcast that Republicans ‘probably have a three-month window’ to take meaningful action, lining up with Pfluger’s own prediction that action should happen by springtime.

Pfluger said he hoped to get the first key step done this month after sending instructions on what kind of cuts to enact to various House committees.

But Republicans are currently dealing with a one-seat majority in the House until a special election to replace former Rep. Marjorie Taylor Greene, R-Ga., takes place in March.

That could get reduced back down in April after a special election for a blue-leaning seat to replace New Jersey’s new Gov. Mikie Sherrill. Republicans won’t get more breathing room until early August, when California holds a special election for the GOP-leaning seat that was held by the late Rep. Doug LaMalfa, R-Calif.

Their first reconciliation bill notably passed with all but two House Republicans on board.

‘We have a path. We’ve dug that path, and we should just do it for the things that we can all agree on,’ Arrington argued.

He said a second bill ‘doesn’t have to be as big and comprehensive, it needs to be targeted on the things that were either left undone, things that fell out, that we should put back in… like not allowing tax dollars to go to transgender procedures and not allowing the fungible federal dollars to support states that use their state Medicaid dollars to fund illegals.’

But it’s not yet clear that such policies could make it in or gain the support of moderate Republicans who are wary of an election cycle that’s expected to be an uphill climb for the GOP.

Pfluger, however, told Fox News Digital that he hoped they could even get some Democratic support if the bill stayed focused on affordability measures.

‘I believe that we are going to produce something that is going to make it very difficult for Democrats to vote against,’ he said. ‘I would hope that we would have something on the board that would get Democrat support in some cases.’


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Shutdown averted for now, but Senate warns DHS fight could trigger another in days

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As the House crushed Republican resistance to a Trump-backed funding package to end the latest partial government shutdown, lawmakers in the upper chamber weren’t confident that Congress could avoid being in the same position in the coming weeks.

President Donald Trump and Senate Minority Leader Chuck Schumer, D-N.Y., brokered the deal to end the shutdown last week. That funding truce included a move to sideline the controversial Department of Homeland Security (DHS) funding bill in favor of a short-term extension to keep the agency open.

The House’s passage of the package, which funds 11 out of 12 government agencies under Congress’ purview, sets the stage for tense negotiations between the White House and Senate Democrats over reforms to DHS.

But several Senate Republicans are questioning whether two weeks, which had shrunk to just nine days as of Wednesday, would be enough time to avert another partial shutdown — this time only for DHS.

‘I think it’s gonna be very difficult to get the funding bill done for DHS in two weeks,’ Sen. Rick Scott, R-Fla., told Fox News Digital.

Scott was one of a handful of Republicans in the upper chamber that rejected the compromise plan and the underlying original package because of bloated spending on earmarks and concerns that Senate Democrats would effectively try to kneecap Immigration and Customs Enforcement (ICE) operations across the country.

‘We’re going to be in a worse spot,’ Scott said. ‘I mean… all their earmarks got done, and then now they’re going to want to, you know, they want to [get] busy de-fanging and defunding ICE.’

Congressional Democrats wanted to relitigate the bipartisan DHS bill after the fatal shooting of Alex Pretti during an immigration enforcement operation in Minneapolis. The demand forced Trump to intervene and thrust the government into a partial shutdown on Friday.

While the funding deal made it across his desk, it won’t get Congress out of the jam it’s in, given the short amount of time lawmakers have to negotiate the bill, which is consistently the most difficult spending bill to pass year in and year out. 

Senate Majority Leader John Thune, R-S.D., noted that once negotiations began, Congress had a ‘very short timeframe in which to do this, which I am against.’

‘But the Democrats insisted on, you know, a two-week window, which, again, I don’t understand the rationale for that,’ Thune said. ‘Anybody who knows this place knows that’s an impossibility.’

Some Senate Democrats did not want to weigh in on a hypothetical scenario just days away, but Sen. Mark Kelly, D-Ariz., contended that because of the events in Minnesota, ‘there should be some motivation across the aisle to do something on, you know, all these issues.’ 

‘I mean, I think [DHS Secretary] Kristi Noem should be fired, leadership needs to be changed at ICE, their budget needs to be the right size,’ Kelly said. ‘We got to get them looking like normal police officers.’

Senate Appropriations Chair Susan Collins, R-Maine, struck a more positive tone. 

She told Fox News Digital that Congress would be in a much better position, considering that lawmakers will have passed 11 out of the 12 bills needed to fund the federal government. 

‘We’ll now start the negotiations on DHS, and I hope we’ll be successful, but I don’t see how you can compare where we are today,’ Collins said.

Thune believed that Noem’s announcement that ICE agents in Minneapolis would begin wearing body-worn cameras could act as a sweetener for Democrats. There is already $20 million baked into the current bipartisan DHS funding bill for body cameras. 

Schumer rejected that olive branch from Noem, arguing that it didn’t come nearly close enough to the portfolio of reforms Democrats wanted for the agency. And he reaffirmed that Senate Democrats wanted actual legislative action on DHS reforms, not an executive order. 

‘We know how whimsical Donald Trump is,’ Schumer said. ‘He’ll say one thing one day and retract it the next. Same with Secretary Noem.’

‘So, we don’t trust some executive order, some pronouncement from some Cabinet secretary. We need it enshrined into law.’

When asked if lawmakers would need to turn to another short-term funding patch, Schumer argued that ‘if Leader Thune negotiates in good faith, we can get it done. We expect to present to the Republicans a very serious, detailed proposal very shortly.’

But Thune has said for several days that it would be the White House in the driver’s seat, and ultimately it would be Trump who could broker a new deal. 

‘But at some points, obviously it has to be the White House engaged in the conversation with the Senate Democrats, and that’s how that thing’s gonna land,’ Thune said.


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Trump’s Iran threats face ‘Obama red line’ test as White House pivots to diplomacy

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For weeks, President Donald Trump has promised the Iranian people that ‘help is on the way’ while positioning a massive U.S. naval armada within striking distance of Iran’s coast. But as the White House pivots toward a diplomatic summit in Istanbul Friday, analysts warn the president may face a growing credibility test if threats are not followed by action.

By threatening ‘speed and fury’ against a regime accused of killing thousands of protesters, Trump has drawn a red line — one that analysts say echoes President Barack Obama’s 2013 warning over Syria’s use of chemical weapons. Obama ultimately chose diplomacy over military strikes, a decision critics said weakened U.S. credibility and emboldened adversaries, while supporters argued it avoided a broader war and succeeded in removing large portions of Syria’s chemical arsenal. Trump now faces a similar debate as he weighs whether to enforce his own warnings against Iran.

Trump’s envoys are set to meet Friday in Istanbul with Iranian officials to press for an end to Iran’s nuclear enrichment program, curbs on ballistic missiles and a halt to support for proxy groups such as Hamas and Hezbollah — terms Tehran has shown little public sign of accepting. Trump has also demanded an end to the regime’s violent crackdown on protesters.

But signs of strain are already emerging around the talks. 

Iran is now seeking a change in venue to Friday’s meeting — wanting it to be held in Oman, according to a source familiar with the request — raising questions about whether the summit will proceed as scheduled or produce substantive progress.

Tensions on the ground have continued to rise even as diplomacy is pursued. This week, U.S. Central Command (CENTCOM) said American forces shot down an Iranian drone after it aggressively approached the USS Abraham Lincoln while the aircraft carrier was operating in international waters in the Arabian Sea. CENTCOM said the drone ignored de-escalatory measures before an F-35C fighter jet downed it in self-defense. 

No U.S. personnel were injured.

Hours later, Iranian naval forces harassed a U.S.-flagged, U.S.-crewed commercial tanker transiting the Strait of Hormuz, according to CENTCOM. Iranian gunboats and a surveillance drone repeatedly threatened to board the vessel before the guided-missile destroyer USS McFaul intervened and escorted the tanker to safety. 

CENTCOM warned that continued Iranian harassment in international waters increases the risk of miscalculation and regional destabilization.

Despite weeks of delay, foreign policy analysts say the pause does not mean military action has been taken off the table.

‘If you just look at force movements and the president’s past statements of policy, you would have to bet on the likelihood that military action remains something that is coming,’ Rich Goldberg, a former Trump National Security Council official now at the Foundation for Defense of Democracies, told Fox News Digital.

‘I don’t think the window is closed,’ said Michael Makovsky, president of the Jewish Institute for National Security of America. ‘If the president doesn’t do something militarily, it would damage his credibility.’

The standoff is reviving comparisons to Obama’s 2013 decision not to carry out military strikes in Syria after warning that the use of chemical weapons would cross a U.S. ‘red line.’ The moment became a touchstone in debates over American deterrence. 

The Syria episode remains a touchstone in Washington’s red-line debates. Critics argued Obama’s decision not to strike emboldened adversaries, while supporters said diplomacy prevented war — a divide resurfacing as Trump weighs his next move.

‘They have challenged the president now to try to turn him into Obama in 2013 in Syria, rather than Donald Trump in 2025 in Iran,’ Goldberg said.

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

Trump has publicly encouraged Iranian protesters to continue their demonstrations, telling them in early January to ‘KEEP PROTESTING’ and promising that ‘HELP IS ON ITS WAY.’

U.S. officials, however, have previously said the pause reflects caution rather than retreat, pointing to concerns about retaliation against American forces and uncertainty over who would lead Iran if the regime were significantly weakened. Trump himself raised those questions in January, publicly casting doubt on whether any opposition figure could realistically govern after decades in exile.

‘As for the president, he remains committed to always pursuing diplomacy first,’ White House press secretary Karoline Leavitt said Tuesday. ‘But in order for diplomacy to work, of course, it takes two to tango, you need a willing partner to engage.’

‘The president has always a range of options on the table, and that includes the use of military force,’ she added. 

Some analysts reject the premise that the administration has meaningfully slowed its military posture.

‘I don’t think they’ve paused action,’ said Gregg Roman, executive director of the Middle East Forum. ‘The more assets that the president deploys to the theater gives the U.S. more maneuvering room, rather than less.’

Roman pointed to continued U.S. force movements into the region, arguing the buildup signals preparation rather than restraint.

‘That’s not the behavior of a country backing away from military options,’ he said.

Fox News’ Aishah Hashnie contributed to this report. 


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Pinnacle Hires San Diego Torrey Hills Capital for Investor Relations and Grants Incentive Stock Options

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(TheNewswire)

Pinnacle Silver and Gold Corp.

The Company is also granting, subject to TSXV approval, 2,170,000 incentive stock options to directors, officers and consultants of the Company.  These Options will be valid for three years and will vest immediately.  All Options granted herein shall have an exercise price of $0.20.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on the development of precious metals projects in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production. In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon.  With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long-term, sustainable value for shareholders.

Signed: ‘Robert A. Archer’

President & CEO

For further information contact:

Email:        info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

 

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

 

Copyright (c) 2026 TheNewswire – All rights reserved.

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Red Metal Resources Commences Detailed LiDAR Survey on Carrizal Cu-Au-Co Property, Chile

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Red Metal Resources Ltd. (CSE: RMES,OTC:RMESF) (OTC Pink: RMESF) (FSE: I660) (‘Red Metal’ or the ‘Company’) is pleased to announce it has commenced a detailed LiDAR (Light Detection and Ranging) survey over the Carrizal property, focusing on the Farellon Project.

Highlights

  • Data collection is expected to be completed between February 2nd and 8th.
  • LiDAR provides high-resolution, three-dimensional maps of surface features at cm scale resolution. It operates by emitting laser pulses toward the ground from an aircraft or a drone and measuring the time it takes for the pulses to return after reflecting off the surface. Applying hillshading at multiple angles to the data reveals structural lineaments and offsets that are not visible in satellite imagery, giving a clear vision of the tectonic framework.
  • The LiDAR survey over the Farellon portion of the Carrizal Property will be used to aid in extending vein hosting structures out from mapped extents, identify historic workings that have been filled over time and are no longer obvious at surface or through satellite imagery, conduct detailed geological contact mapping, and identify any subtle structures with potential to be pathways for mineralization.

Prior surface work on the Carrizal Property identified distinct mineralization zonation. The South Theresa and Armonia veins in the southeast of the project show a higher gold-to-copper ratio compared to the Farellon and Gorda veins in the west (Figures 1 & 2). The LiDAR data, combined with existing extensive surface sampling and mapping, will be instrumental in developing high-priority drill targets for future drilling.

Red Metal Resources President and CEO, Caitlin Jeffs, stated: ‘Utilizing high-resolution LiDAR allows us to identify historic workings and subtle structural pathways that satellite imagery simply cannot catch. This is a cost-effective way to develop better targets focusing on the most promising gold and copper zones identified in our recent surface programs.’

The LiDAR survey will be flown over 1,293 hectares using a DJI Matrice 300 + LiDAR L2 scanner used by Red Rock SpA.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4932/282668_0de75dde244b2ad1_001.jpg

Figure 1: Historic gold surface samples with proven and inferred mapped veins

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4932/282668_0de75dde244b2ad1_001full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4932/282668_0de75dde244b2ad1_002.jpg

Figure 2: Historic copper surface samples with proven and inferred mapped veins

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4932/282668_0de75dde244b2ad1_002full.jpg

Highlights of surface sampling on the Farellon Property, including samples taken in 1996, 2012, 2022 and 2025.

Table 1: Grab Sample Highlights (1)(2)

Easting
UTM		 Northing
UTM		 Year
Sampled 		CuT %
Total Cu		 Au g/t
315582 6891342 1996 9.99 0.8
313429 6891457 1996 8.73 0.5
311948 6890653 1996 6.15 0.5
311278 6891037 1996 6.15 0.5
311113 6889560 1996 1.27 13.5
308110 6893340 1996 1.74 12.1
308019 6893061 1996 1.48 10.4
308868 6885882 1996 4.23 9.7
310652 6889237 1996 3.94 9.4
308040 6892737 1996 1.06 7.9
310281 6889013 1996 2.25 7.4
308351 6885794 1996 3.00 5.5
307880 6892676 1996 1.12 5.2
308208 6893642 1996 0.69 4.7
310281 6889013 1996 1.46 4.2
308006 6893075 1996 1.98 3.9
308838 6887625 1996 1.89 3.7
309888 6889743 2012 5.78 0.1
309490 6888943 2022 6.26 1.7
310916 6891077 2022 5.77 0.1
310082 6888543 2022 3.70 4.9
309800 6888323 2022 4.59 3.4
310602 6888689 2025 17.25 5.0
310368 6889189 2025 8.00 0.7
309378 6888671 2025 7.23 1.9

 

(1) Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.
(2) This table represents a selection of highlights including 25 samples out of 422 samples taken.

Qualified Person

The technical content of this news release has been reviewed and approved by Caitlin Jeffs, P. Geo, who is a Qualified Person (‘QP’) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Red Metal Resources Ltd.

Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing clean energy and strategic minerals projects. The Company’s portfolio of projects includes seven separate mineral claim blocks and mineral claim applications, highly prospective for Hydrogen, covering 172 mineral claims and totalling over 4,546 hectares, located in Ville Marie, Quebec and Larder Lake, Ontario, Canada. As well, the Company has a Chilean copper project, located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile’s coastal Cordillera. Red Metal is quoted on the Canadian Securities Exchange under the symbol RMES, on OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF and on the Frankfurt Stock Exchange under the symbol I660.

For more information, visit www.redmetalresources.com

Contact:
Red Metal Resources Ltd.
Caitlin Jeffs, President & CEO
1-866-907-5403
invest@redmetalresources.com
www.redmetalresources.com

Forward-Looking Statements – All statements in this press release, other than statements of historical fact, are ‘forward-looking information’ within the meaning of applicable securities laws. Red Metal provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to the ability to raise adequate financing, receipt of required approvals, as well as those risks and uncertainties identified and reported in Red Metal’s public filings under its SEDAR+ profile at www.sedarplus.ca. Although Red Metal 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. 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. Red Metal 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.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282668

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Domestic Metals Initiates Geophysical Program at the Smart Creek Project and announces non-brokered Private Placement

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TSXV: DMCU; OTCQB: DMCUF; FSE: 03E0) engages TMC Geophysics to conduct 27 line-kilometers of electrical geophysics (Induced Polarization; ‘IP’) at the Smart Creek Project, Montana. The geophysical program is designed to expand historical IP coverage on the property and will be used to refine the location of diamond drilling scheduled for Q1Q2, 2026. IP geophysics is used to obtain chargeability and resistivity values (rock properties) which can provide insights into the distribution of sulphides and hydrothermal alteration related to potential porphyry and Carbonate Replacement deposits in the subsurface at Smart Creek and will be used by Domestic to derisk drill targets in advance of drilling.

Domestic Metals has expanded its exploration budget significantly to accommodate additional geophysics and diamond drilling at Smart Creek based on results of the 2025 surface sampling program that substantially increased the mineralized footprint of existing targets at Smart Creek and identified several new targets for follow up exploration (see news release dated January 8, 2026). The 2025 sampling program returned the following high-grade results:

Highlight High-Grade Assay Results

  • 102 g/t Au (Sample G019007)
  • 74.7 g/t Au, 13.8% Cu, 3810 g/t Ag (Sample G019235)
  • 30.4 g/t Au (Sample G019001)
  • 26.6 g/t Au (Sample G019353)
  • 23.1% Cu, 424 g/t Ag (Sample G019225)
  • 19.65% Cu, 458 g/t Ag (Sample G019031)
  • 19.05% Cu, 582 g/t Ag (Sample G019038)

Non-brokered Private Placement

Domestic Metals announces a non-brokered private placement of up to 12,500,000 units (the ‘Units’) at a price of $0.28 per Unit (the ‘Offering’) for gross proceeds of up to $3,500,000. Each Unit will consist of one common share of the Company (a ‘Share’) and one common share purchase warrant (a ‘Warrant’). Each whole Warrant entitles the holder to acquire one additional Share of the Company for a period of two years from the date of issuance at a price of $0.40 per Share. Expiry of the Warrants may be accelerated if the closing price of the Company’s Shares on the TSX Venture Exchange (‘TSXV’) is equal to or greater than $0.65 for a minimum of twenty consecutive trading days and a notice of acceleration is provided in accordance with the terms of the Warrants.

Gord Neal, CEO of Domestic Metals Corp. commented: ‘We expanded our exploration budget significantly to accommodate additional geophysics and up to 9,000m of diamond drilling at Smart Creek. This follows the discovery of high-grade mineralization, including up to 102 g/t gold, 23% copper, and 3,810 g/t silver we announced last month. These field campaign results generated significant unsolicited capital market interest making this private placement announcement timely. The geophysics program to be launched this week will refine drill targets for the larger diamond drill program scheduled to start in Q1, 2026.’

Insiders may participate and finders’ fees may be payable to qualified arm’s length parties that have introduced the Company to certain subscribers participating in the Offering. All securities issued in the Offering are subject to a four-month hold period, during which time the securities may not be traded. Closing of the Offering is subject to the approval of the TSXV.

The net proceeds from the Offering are intended for exploration of the Company’s Smart Creek Project, in Montana, U.S.A., and for general working capital.

This press release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the ‘1933 Act’) or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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 #3139 at the Investors Exchange at the PDAC, March 1-4, 2026, in Toronto.

Technical Information

All scientific and technical information in this news release has been reviewed and approved by Daniel MacNeil, P.Geo. Mr. MacNeil is a Technical Advisor to the Company and is a qualified person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

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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X, LinkedIn, Facebook and Instagram

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

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

For all investor relations inquiries, please contact:
John Liviakis, Liviakis Financial Communications Inc., Phone: +1 415 389 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 Offering 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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Kobo Resources Announces Closing of Non-Brokered Private Placement with Drilling Services Provider

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Kobo Resources Inc. (‘ Kobo ‘ or the ‘ Company ‘) ( TSX.V: KRI ) is pleased to announce that it has closed its previously announced non-brokered private placement of common shares (the ‘ Common Shares ‘) for gross proceeds of $287,491.80 (the ‘ Offering ‘). Pursuant to the Offering, Rockstone Drilling Inc., a drilling services provider that has supported the Company’s exploration activities since 2023, has subscribed for 958,306 Common Shares at a price of $0.30 per Common Shares pursuant to an exemption from the prospectus requirements in accordance with National Instrument 45-106 Prospectus Exemptions. The Common Shares are subject to a statutory hold period until June 4, 2026.

Edward Gosselin, CEO and Director of Kobo Resources, commented: ‘We appreciate the continued support from Rockstone Drilling, who has been an important operational partner at Kossou since 2023. Their participation in this financing reflects alignment with our ongoing exploration programs and provides additional flexibility as we advance drilling activities in 2026.’

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

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 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/20260204077644/en/

For further information:

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

Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.

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What replaced USAID? Inside the Trump administration’s global health overhaul

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For months after the Trump administration dismantled the U.S. Agency for International Development, critics warned that America’s global health programs were being gutted. What drew far less attention was what replaced it. 

In December 2025, the White House quietly rolled out the America First Global Health Strategy, shifting control of U.S. global health aid from USAID to the State Department and fundamentally rewriting how billions of dollars in foreign assistance are distributed.

The transition has been shaped in part by a small group of former officials now advising the White House from the private sector, including former USAID administrator Mark Green and former lawmakers Ted Yoho and Chris Stewart. They are not running the programs, but they have been involved in pressing for clearer accountability standards, tighter performance metrics and congressional guardrails they say are necessary if the new framework is going to last beyond a single administration.

At the core of the strategy is a sharp break from how U.S. health aid traditionally has worked. The America First Global Health Strategy replaces USAID’s grant-heavy, nongovernmental organization-driven model with country-by-country agreements that tie funding to performance benchmarks and push foreign governments to assume greater responsibility over time. The framework promises tighter control over spending, but many of its enforcement details — including how benchmarks will be set and applied — are still being developed.

So far, the strategy has been implemented through a limited number of bilateral health agreements negotiated country by country. In December 2025, the United States signed a five-year health cooperation agreement with Kenya, covering areas such as HIV/AIDS, malaria and tuberculosis, with U.S. funding tied to continued performance and increased co-investment by the Kenyan government. Similar memorandums of understanding have since been signed or are under negotiation with countries including Nigeria and Cameroon, according to State Department disclosures.

Congress has long appropriated global health funding at a high level, giving USAID broad discretion over how programs were designed and implemented — a structure that left lawmakers with oversight but little involvement in individual funding decisions. Yoho said that discretion allowed the agency to drift over time.

‘It lost the purity of purpose of what it was designed to do,’ Yoho said. ‘They lost their mark and they became political and ideological.’

The new strategy, by contrast, explicitly frames global health assistance around U.S. national security, bilateral relationships and economic interests. But because it has not been codified into law, those priorities could be redefined or reversed by a future administration.

‘If it’s not codified in the law, how aid is supposed to be done, it’ll go away if we flip to a Democratic administration,’ Yoho said.

Former Rep. Chris Stewart, who served on both the House Intelligence Committee and the Appropriations subcommittee responsible for funding foreign assistance, said that even lawmakers who approved global health spending often had limited visibility into how programs operated once money left Washington.

‘Even as an appropriator — someone who supposedly wrote the checks — we didn’t have the oversight that we needed,’ Stewart said.

Under the America First Global Health Strategy, Stewart said oversight is intended to begin earlier, with clearer priorities and closer alignment between U.S. objectives and what recipient countries actually want. During his travels, Stewart said foreign leaders repeatedly told him they were less interested in open-ended aid than in building their own capacity.

‘We don’t really just want aid,’ Stewart said. ‘We want trade. We want to build our own capacity.’

Stewart said the shift toward government-to-government agreements is intended to make spending more traceable and more directly attributable to the United States, while still requiring firm controls to prevent waste or abuse.

‘That doesn’t mean every government we work with is perfect,’ he said, ‘but it does make it easier to know where the money is actually going.’

Supporters of the new framework point to longstanding disease-specific programs as evidence that tighter oversight does not require abandoning global health investments altogether. Yoho, Stewart and Green all cited PEPFAR, the U.S. government’s HIV/AIDS initiative, as a model of bipartisan foreign assistance that has saved lives while strengthening U.S. relationships abroad. 

Stewart and Green also pointed to malaria prevention efforts, while both emphasized child health and nutrition as areas Congress should continue to prioritize.

Yoho also cited the use of ready-to-use therapeutic food (RUTF) to treat severe childhood malnutrition, describing it as a low-cost intervention with clear humanitarian impact and broad bipartisan support.

Former USAID administrator Green said the strategy is built around accelerating what he calls the ‘journey to self-reliance,’ moving countries from long-term aid recipients to partners — and eventually, in some cases, donors themselves.

‘We want every country to go from being an aid recipient, to a partner, to — in a perfect world — a fellow donor and investor,’ Green said.

Under the new framework, Green said global health assistance is negotiated nation by nation through bilateral agreements tailored to local conditions and reciprocal obligations. 

‘This isn’t a handout,’ he said. ‘This instead is a joint venture between the U.S. and the government in another country,’ designed to build local capacity and shift responsibility over time.

The strategy also places greater emphasis on leveraging private-sector tools alongside government funding. 

Green pointed to partnerships with U.S. companies such as Zipline, which uses drone technology to deliver blood and medical supplies in hard-to-reach areas, as an illustration of how the framework seeks to pair public health goals with American innovation.

Still, Green acknowledged that much of the system remains a work in progress. While the agreements are intended to tie funding to performance and burden-sharing, he said many of the specific benchmarks and enforcement mechanisms are still being finalized.

‘A wedding is easy and a marriage is hard,’ Green said, describing the challenge of translating broad agreements into measurable, enforceable outcomes.

For supporters of the new strategy, the tighter focus on accountability is also meant to address longstanding skepticism on the right about foreign aid itself. Yoho said he once shared that skepticism.

‘I was one of those that wanted to get rid of foreign aid,’ he said. ‘Then I got up there and realized how ignorant I was about good, effective foreign aid.’

He said the argument becomes easier when programs are clearly defined and measurable.

‘If representatives have credible information and can go back to their constituents and explain why we should support something — because it makes America safer, stronger, and more prosperous — the majority of people will support it,’ Yoho said.

Whether the America First Global Health Strategy ultimately delivers on its promises — or exposes new risks — may depend less on its design than on how much authority Congress chooses to formalize, and how rigorously the administration enforces the accountability standards it has laid out.


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Federal judge grills DOJ lawyers over censure of Democratic senator

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A federal judge on Tuesday appeared receptive to the claim from Sen. Mark Kelly, D-Ariz., that the Pentagon is retaliating against him for protected political speech, raising concerns about potential violations of the First Amendment.

U.S. District Court Judge Richard Leon is considering whether to issue a preliminary injunction that would halt War Secretary Pete Hegseth’s efforts to reopen Kelly’s military retirement grade, a process that could result in a reduction of his pension, while the case proceeds.

‘You don’t need a weatherman to see which way the wind is blowing,’ Leon said, invoking Bob Dylan and suggesting he needed little additional information to determine whether Kelly’s First Amendment rights were violated.

The case stems from a video posted on social media in November in which Kelly and five other Democratic lawmakers told members of the U.S. military to refuse illegal orders.

Hegseth issued a letter of censure against Kelly on Jan. 5, accusing him of undermining the chain of command, counseling disobedience, and engaging in conduct unbecoming an officer.

Kelly sued Hegseth days later, arguing the censure and effort to reopen his military retirement grade amounted to unconstitutional retaliation for protected political speech.

Kelly’s defense team argued in court that the situation is unprecedented, and that Hegseth is ‘openly admitting they are punishing a decorated war veteran and senator’ for exercising his First Amendment rights.

Justice Department lawyers arguing for Hegseth contended that Kelly is still subject to the Uniform Code of Military Justice as a retired officer and that his comments undermined order and discipline within the armed forces.

They also suggested an injunction from the judge could take power away from the government to administer personnel matters in its own military.

Judge Leon did not rule from the bench but acknowledged that he knew Kelly was up against looming deadlines and would make an effort to issue a ruling in the coming days.

Democrats tell military to ‘refuse illegal orders’ in viral video:

Kelly said after the high-stakes hearing that the case is not only about his First Amendment rights, but those of all retired military personnel. 

‘Since taking office, this administration has repeatedly gone after the First Amendment rights of Americans,’ he said. ‘That’s not how we do things in the United States of America. We have the Constitution and the law on our side.’


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