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Sranan Gold offers early-stage exposure to a high-impact gold discovery in Suriname’s Guiana Shield, one of the world’s most underexplored gold belts. Backed by the same technical team behind some of the region’s largest gold discoveries, Sranan is a high-leverage discovery story in a mining-friendly jurisdiction, now with demonstrated drill-confirmed continuity and growing scale at its flagship project.

Overview

Sranan Gold (CSE:SRAN,OTCQB:SRANF,FSE:P84) is a junior gold explorer operating in Suriname, a South American nation producing more than 600,000 ounces of gold annually. The company’s flagship 29,000-hectare Tapanahony gold project is located within the prolific Guiana Shield, one of the world’s most prospective yet underexplored gold provinces.

Sranan Gold Tapahony Project Mining Area

The 29,000-hectare Tapanahony project covers one of the oldest and largest small-scale mining areas in Suriname.

The project overlays a historic mining belt with strong geochemical and structural indicators. Sranan’s objective is to convert extensive local mining activity, legacy drilling and modern datasets into an inaugural gold resource along the 4.5 km Poeketi–Randy mineralized corridor.

Following systematic trenching and drilling in 2025, the company has confirmed a large, structurally controlled orogenic gold system extending from saprolite into fresh bedrock. With drilling resuming in 2026, Sranan is focused on expanding known mineralization, testing parallel shear zones identified by LiDAR and geophysics, and advancing toward resource definition.

Company Highlights

  • District-scale land position: The 29,000-hectare Tapanahony Project covers one of Suriname’s oldest and most productive artisanal gold districts within the underexplored Guiana Shield.
  • Active drilling with demonstrated continuity: A 4,189-metre drill program completed in 2025 confirmed a broad, shear-hosted gold system, expanding defined mineralization at Randy’s Pit to over 800 metres within the 4.5 km Poeketi–Randy trend. Drilling resumed in January 2026.
  • High-grade discovery momentum: Recent drilling has delivered wide, high-grade intercepts, including 64 m at 3 grams per ton (g/t) gold and 11 m at 7.33 g/t gold, confirming strong vertical and lateral continuity.
  • World-class discovery pedigree: The technical team has been directly involved in major regional discoveries, including Merian (7 Moz), Rosebel (13.7 Moz), and Saramacca (1.5 Moz).
  • Deep in-country knowledge: Locally trained geologists with decades of experience in Suriname provide a strong operational and geological advantage.

Key Project

Tapanahony Gold Project

Sranan Gold u200bTapanahony Gold Project

Suriname and Guiana Shield

The Tapanahony gold project is Sranan’s flagship asset, covering 29,000 hectares in southeastern Suriname. The project lies within the Paleoproterozoic Guiana Shield, which hosts multiple Tier-1 gold systems. The property is situated at the intersection of a regional NW-striking structural corridor crosscut by penetrative NE–SW fabrics, creating excellent ground preparation for high-grade, shear-hosted gold mineralization. These relationships are clearly defined in LiDAR and aeromagnetic datasets.

Artisanal miners have historically exploited saprolite-hosted gold along the Poeketi–Randy trend. Sranan’s exploration strategy has been to systematically transition this surface production into a drill-defined hard-rock system. Historical exploration exceeds US$10 million, including soil geochemistry, auger programs and approximately 4,000 metres of diamond drilling by IAMGOLD, which intersected significant gold mineralization and validated the structural model.

Sranan Gold sample collected from Tananahony project

Sample collected from the Tapanahony project’s Poeketi Pit in 2021

In 2025, Sranan advanced the project from surface sampling and trenching into systematic diamond drilling. Trenching confirmed near-surface continuity with results including 5 m at 36.7 g/t gold and 5 m at 8.9 g/t gold, extending mineralization beyond known artisanal workings. Subsequent drilling intersected wide zones of gold mineralization in both saprolite and fresh basaltic host rocks, confirming a 50 to 150 m wide mineralized shear corridor.

By year-end 2025, drilling had expanded the defined mineralized strike at Randy’s Pit to over 800 metres, with mineralization remaining open along strike and at depth and forming part of the broader 4.5 km Randy–Poeketi trend. Drilling resumed in January 2026 to continue step-out testing, define additional high-grade shoots, and evaluate shallow open-pittable potential.

LiDAR interpretation has also identified three parallel mineralized corridors and multiple targets in the western lobe of the concession, where soil geochemistry and small-scale mining suggest additional discovery potential. These areas represent priority targets for ongoing drilling and future expansion of the project footprint.

Management Team

Oscar Louzada – CEO and Director

Fluent in Dutch and active in Suriname for over a decade, Oscar Louzada has taken two Suriname-based exploration companies to IPO (Sela Kriki and Nassau, now Miata Metals). With 25+ years’ experience in natural resources finance (Canaccord, Investec), he brings capital markets depth and local execution credibility.

Dennis LaPoint – EVP, Exploration and Corporate Development

Dennis LaPoint is a veteran geologist with 35+ years’ experience. LaPoint discovered Merian (Newmont, 7 Moz) and oversaw major exploration programs at Rosebel and Omai. He leads strategy and resource targeting, and sits on multiple boards, including ASBOG. He also teaches geology at Anton de Kom University in Paramaribo in Suriname.

Rayiez Bhoelan – VP, Exploration

A Surinamese national and key member of the Saramacca discovery team (IAMGOLD, 1.5 Moz), Rayiez Bhoelan specializes in regolith geology and shear zone mapping. He has worked across the Guiana Shield at Omai and Founders Metals, and lectures locally on geochemistry.

Mario Stifano – Director and Audit Chair

Mario Stifano is a CPA and seasoned mining executive with prior leadership roles at Cordoba Minerals, Lake Shore Gold and Galantas Gold. He led the 2020 acquisition and re-listing of Omai Gold Mines in Guyana.

John Alcock – Director and CFO

John Alcock is a chartered professional accountant with over 30 years’ experience as an accounting and financial professional and an investor in the junior mining sector. He currently serves on the board of Altiplano Metals.

Ron Shenton – Director

Ron Shenton is a capital markets professional with 40 years’ experience. He is the founder of several public companies and has served as CEO/director, leading investor relations, public relations and capital raising across multiple sectors including mining exploration.

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The Federal Reserve held its target range for the federal funds rate constant in January 2026 at 3.5–3.75 percent. This decision was consistent with market expectations for the path of the federal funds rate, which for weeks had indicated that the Fed would hold rates steady at its January meeting. It is also consistent with rates prescribed by leading monetary policy rules. Notably, Governors Stephen Miran and Christopher Waller dissented from the decision, with both favoring a 25-basis-point cut.

At the post-meeting press conference, Powell pointed to elevated inflation and a stabilizing labor market to explain the Fed’s decision to hold rates steady. He said Fed officials now “see the current stance of monetary policy as appropriate to promote progress” toward both sides of the dual mandate. Previously, Fed officials had expressed concern about the tensions facing the Fed’s dual mandate amid a softening labor market. Powell said that available data show “economic activity has been expanding at a solid pace,” driven primarily by consumer spending and business fixed investment. He acknowledged the lingering effects of last fall’s prolonged government shutdown, but suggested that any drag on activity in the third and fourth quarters of last year will likely be reversed in the first quarter of 2026.

After softening for much of last year, labor market conditions now appear to be stabilizing, Powell explained. He pointed to relatively low and stable unemployment in recent months as evidence that the labor market may be at or near maximum employment. Echoing past statements, Powell acknowledged that the slowing pace of job growth likely reflects changes in both labor supply and labor demand. He said other indicators — such as job openings, layoffs, hiring, and nominal wage growth — “show little change in recent months.”

Powell acknowledged that inflation has remained stubbornly above the Fed’s two-percent target, with PCE inflation likely coming in at 2.9 percent over the 12 months from December 2024 to December 2025. Elevated inflation, he contended, “largely reflects inflation in the goods sector, which has been boosted by the effects of tariffs.” At the same time, Powell emphasized that longer-run inflation expectations remain aligned with the Fed’s two-percent target. Taken together, these claims suggest that inflation remains a concern for Fed officials, but one that is driven primarily by temporary, non-monetary forces.

According to Powell, the current target range for the federal funds rate is “within a range of plausible estimates of neutral” — that is, consistent with neither an overly accommodative nor restrictive stance of monetary policy. Holding rates steady, Powell argued, should help stabilize the labor market while allowing inflation to return to target “once the effects of tariff increases have passed through” to the price level.

By attributing elevated inflation primarily to tariff-driven increases in goods prices, the Fed is implicitly treating today’s inflation as a transitory relative-price adjustment rather than a broader monetary phenomenon. If that diagnosis is correct, a wait-and-see approach may be appropriate. There are, however, reasons to be skeptical. 

Total dollar spending in the economy rose sharply relative to expectations in the third quarter of 2025, a pattern that is difficult to reconcile with a genuinely neutral stance of monetary policy. When nominal spending accelerates at this pace, it suggests that monetary conditions remain accommodative, regardless of how inflation is distributed across sectors.

More troubling is the fact that, despite the surge in dollar spending last year, financial markets are currently projecting two additional 25-basis-point cuts to the federal funds rate over the coming year. Given that inflation is still running above target, it is difficult to see which economic conditions would warrant further monetary easing. Absent a clear deterioration in real activity or a decisive return of inflation to target, additional rate cuts risk reinforcing the very spending pressures the Fed is attempting to contain.

Ultimately, the Fed’s current posture reflects a high degree of confidence that inflationary pressures will fade without further policy restraint. That confidence rests on the view that inflation is largely the result of temporary, tariff-driven distortions rather than excess nominal demand. But if that view proves mistaken, the cost of waiting — and especially of easing further — could be a renewed loss of progress toward price stability. For a central bank whose credibility depends on keeping expectations firmly anchored, misdiagnosing the source of inflation is not a neutral error. It is an error that compounds over time.

The Senate has a deal to fund the government, but Republican anger over the nature of the deal, earmarks and what changes could come to the Department of Homeland Security (DHS) derailed its progress Thursday night. 

Senate Minority Leader Chuck Schumer, D-N.Y., and President Donald Trump agreed to strip out the much-maligned DHS funding bill from a broader, six-bill funding package, and instead fund the agency with a two-week continuing resolution (CR), while lawmakers haggled over tweaks to the bill. 

Even though there is a deal backed by the White House that has key Democratic buy-in, there will still be a partial government shutdown this weekend, given that the House must weigh in on the package. 

Toward the end of the night, Republicans had blasted through hold after hold, amendment request after amendment request, but one lawmaker stood in the way: Sen. Lindsey Graham, R-S.C. Without his buy-in, the package couldn’t move forward.

Graham told reporters as he walked into Thune’s office late Thursday night that the package was a ‘bad deal.’ 

He was angered by the treatment of Immigration and Customs Enforcement (ICE) agents. Graham argued that ICE agents ‘are not infallible, but I appreciate what they’re doing. I’ve never been more offended than I am right now by what’s being said about these folks.’

Graham was just one of many Senate Republicans who were not unified in their view of the deal or the underlying original package, which failed a key test vote Thursday afternoon — seven Republicans joined all Senate Democrats to spike it.

Once the deal crystallized and Trump publicly announced his support of it, Senate Majority Leader John Thune, R-S.D., and his leadership team went to work trying to quell resistance among their ranks Thursday night, but to no avail. 

‘Tomorrow’s another day, and hopefully people will be in a spirit to try and get this done tomorrow,’ Thune told reporters as he left the Capitol Thursday night.

Typically, when a package like the Trump-backed proposal is rushed to the Senate floor, it goes through what’s known as the hotline process in the Senate. That allows lawmakers to weigh in with approval, concerns, requests for amendments or, in some cases, outright block the package from moving forward. 

Sources familiar with Senate Democrats’ planning told Fox News Digital that as of Thursday night, their side of the aisle had not started the process as they waited for Senate Republicans to figure out their next move.

Part of the DHS funding bill included a repeal of a controversial provision that allowed senators whose phone records were subpoenaed during former Special Counsel Jack Smith’s Arctic Frost probe to sue for up to $500,000 for each infraction.

Graham has been a strong proponent of the provision, scuttling several attempts by Senate Democrats to repeal it over the last few months. 

When asked if his hold was related to its expected repeal, Graham said no and noted that he had reached an agreement with the Senate Ethics Committee that wouldn’t allow him to financially gain from a lawsuit.

‘We can find out a way forward, but not this way,’ Graham said.


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House conservatives are mounting a push that could extend the looming partial government shutdown if the Senate does not accept a key election integrity measure backed by many on the right.

Rep. Anna Paulina Luna, R-Fla., told Fox News Digital on Thursday evening that she and a ‘handful’ of House Republicans are pushing to get the Safeguarding American Voter Eligibility (SAVE) Act added to the spending compromise that’s expected to pass the Senate and be sent to the House on Friday.

The legislation, which was introduced by Rep. Chip Roy, R-Texas, and passed the House in April 2025, would require proof of citizenship in the voter registration process.

‘I know for a fact that if the SAVE Act is a standalone vote in the Senate, just like every other good piece of legislation, it’s going to die,’ Luna told Fox News Digital.

She declined to say how many House GOP lawmakers supported her effort but said, ‘It’s definitely a number that’s big enough to completely halt all floor proceedings.’

‘There’s some Republicans that are just straight-up coming out saying, ‘We’re going to basically be with Luna, and we will not be voting for any piece of legislation, specifically on these appropriations, that does not include the SAVE Act because of the fact that we know it’s not going to survive in the Senate,” Luna said.

Rep. William Timmons, R-N.C., who is also backing the effort, told Fox News Digital, ‘If the Democrats can play this game and shut the government down yet again, I think that we need to hold their feet to the fire.’

‘The American people want us to do our job. Government shutdowns are terrible, and so if [Senate Minority Leader Chuck Schumer, D-N.Y.] is going to shut the government down, I think it’s appropriate to…say this is your shutdown, and here’s the way to reopen,’ Timmons said.

The push could cause complications in the House, which is expected to consider the Senate’s federal funding compromise early next week.

Senate Democrats walked away from a bipartisan deal to fully fund the federal government for the remainder of fiscal year (FY) 2026 amid fallout over President Donald Trump’s surge of federal law enforcement in Minneapolis.

Federal officers shot and killed two U.S. citizens in the Midwest city during separate demonstrations against Trump’s immigration crackdown. In response, Democrats threatened to hold up a massive federal funding bill that also includes dollars for the departments of War, Labor, Health and Human Services, Transportation and others unless funding for the Department of Homeland Security (DHS) was stripped out.

The deal reached would fund all but DHS through Sept. 30, while funding DHS with a two-week extension of current spending levels to give Congress time to hash out a compromise that would include stricter guardrails on immigration enforcement agencies under the department’s purview.

With some conservatives already complaining about the deal, it’s likely that Democratic support will be needed to pass the legislation back in the House.

It’s not clear if attaching the SAVE Act to that package will alienate Democrats, however.

On the other side, Speaker Mike Johnson, R-La., will need nearly all Republicans to move in lockstep for the package to survive a procedural hurdle called a ‘rule vote.’ It’s a House-wide test vote of sorts that allows for debate and final consideration of a measure, but normally falls along party lines.

Luna would only need a small group of Republicans to tank the rule, which could extend the partial shutdown that’s already expected to happen beginning Feb. 1.

House GOP leaders could sidestep the rule vote altogether, however, by putting the bill up under suspension — a mechanism for fast-tracking legislation in exchange for raising the threshold for passage from a simple majority to two-thirds.

‘I don’t think that they would do that. I mean, that would be really problematic for them,’ Luna said.

But if successful, the bill would have to be sent back to the Senate for another vote.


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House Republicans are breaking fundraising records as they build resources to defend their razor-thin majority in November’s midterm elections.

The National Republican Congressional Committee (NRCC), which is the campaign arm of the House GOP, on Friday highlighted its robust fundraising last year, as well as ‘record’ hauls by House Speaker Mike Johnson, Majority Leader Steve Scalise and Majority Whip Tom Emmer.

The fundraising surge is much needed, as Republicans face a rough political climate due to persistent inflation, which is fueling President Donald Trump’s negative approval ratings. And as the party in power in the nation’s capitol, the GOP is also up against traditional political headwinds in the midterms.

The Trump administration and Republicans are also facing political backlash following the fatal shootings this month by federal enforcement agents of two U.S. citizens in Minnesota who were protesting the government’s unprecedented crackdown on illegal immigration.

Democrats, meanwhile, are energized following their ballot box successes last year as they rebound from their 2024 election setbacks and need a net gain of just three House seats in the midterms to capture the majority.

The NRCC showcased that it raked in $117.2 million last year, their best-ever off-election year haul other than 2021, when Democrats controlled the White House and Congress. The fundraising figures were first reported by Axios.

The committee also highlighted that Johnson brought in over $82 million for House Republicans in 2025, the most money ever raised in one year by a House speaker.

The NRCC also noted that Scalise’s $35.5 million haul marked his strongest off-year fundraising performance, and that Emmer brought in nearly $30 million, a record.

And the committee also noted that the Congressional Leadership Fund and the American Action Network, the top two outside political groups aligned with the House GOP, combined raked in a record $136 million.

‘House Republicans are building an unprecedented war chest because voters are buying what we’re selling. We’re all in on growing the majority, and our fundraising numbers prove we have the resources to win across the map,’ NRCC Spokesman Mike Marinella emphasized in a statement to Fox News Digital.

Democrats’ House campaign chair tells Fox Digital her focus on affordability is ‘absolutely going to continue’ in 2026

The rival Democratic Congressional Campaign Committee (DCCC) has yet to announce their fourth quarter fundraising figures.

But DCCC spokesperson Justin Chermol highlighted, ‘No amount of money can rescue this hopeless, directionless, and extreme House Republican majority.’


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Secretary of War Pete Hegseth said his department will ‘be prepared to deliver whatever this president expects’ following a warning to Iran about its nuclear program. 

Hegseth made the remark Thursday during a Cabinet meeting, one day after President Donald Trump told Iran that ‘time is running out’ to strike a deal. 

‘They should not pursue nuclear capabilities. So we will be prepared to deliver whatever this president expects of the War Department, just like we did this month,’ Hegseth said before describing the Jan. 3 U.S. military operation that captured former Venezuelan leader Nicolás Maduro. 

‘No other military in the world could have executed the most sophisticated, powerful raid, not just in American history, I would say, in world history. What those men did going downtown, another country, the most secure place in the most secure base in the middle of the night without anybody knowing until those simultaneous bombs dropped three minutes before the helicopters dropped. No other country could coordinate that,’ Hegseth continued. ‘No other president would have been willing to empower those warriors that way to be that effective.’

‘And that sends a message to every capital around the world that when President Trump speaks, he means business. And we are reestablishing deterrence at the War Department,’ Hegseth also said. 

The secretary of War also told the Cabinet that Trump has had to ‘rebuild the perception of America’ during his second term. 

‘And at the Department of War, that meant reestablishing deterrence. What happened in Afghanistan. What happened in Ukraine, a war that never would have occurred. What happened on Oct. 7 in Israel — never would have happened under President Trump. So as a result, we’re having to rebuild how our enemies perceive us,’ he said. ‘And when President Trump said, ‘We’re not getting a nuclear Iran, you won’t have a nuclear bomb,’ he meant it. And we sent those B-2s halfway around the world, and they never noticed.’

‘When you said, Mr. President, we’re securing the border, the military was proud to do their part alongside Homeland Security to do that. Same thing with Iran right now, ensuring that they have all the options to make a deal,’ Hegseth added. 

In a Truth Social post on Wednesday, Trump said, ‘A massive Armada is heading to Iran.’ 

‘It is moving quickly, with great power, enthusiasm, and purpose. It is a larger fleet, headed by the great Aircraft Carrier Abraham Lincoln, than that sent to Venezuela. Like with Venezuela, it is, ready, willing, and able to rapidly fulfill its mission, with speed and violence, if necessary. Hopefully, Iran will quickly ‘Come to the Table’ and negotiate a fair and equitable deal — NO NUCLEAR WEAPONS — one that is good for all parties. Time is running out, it is truly of the essence!’ the president warned.

‘As I told Iran once before, MAKE A DEAL! They didn’t, and there was ‘Operation Midnight Hammer,’ a major destruction of Iran. The next attack will be far worse! Don’t make that happen again. Thank you for your attention to this matter!’ he added. 

Fox News Digital’s Alex Nitzberg contributed to this report. 


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Global gold demand surged past 5,000 tons in 2025 for the first time on record driven by a historic wave of investment inflows and sustained central bank buying, according to the World Gold Council’s (WGC) latest Gold Demand Trends report.

Total gold demand, including over-the-counter transactions, exceeded the 5,000-ton threshold as investors, institutions, and official buyers responded to geopolitical risk, falling real rates, and growing uncertainty across bond and equity markets.

Combined with a year of relentless price gains, the surge pushed the total value of global gold demand to a record US$555 billion, up 45 percent year-on-year.

Consequently, gold prices themselves rewrote the record books. The LBMA PM gold price set 53 new all-time highs during 2025, with the average price in the fourth quarter climbing to US$4,135 per ounce, up 55 percent from a year earlier.

Investment demand dominates, central banks remain a critical anchor

The WGC reported that investment demand was the primary driver of growth, accounting for the bulk of incremental buying during the year.

Global gold exchange-traded funds recorded net inflows of 801 tons in 2025, the second-strongest annual increase on record, which reversed years of subdued ETF participation.

At the same time, bar and coin demand accelerated sharply. Demand rose to a 12-year high as retail and high-net-worth investors sought safe-haven exposure in the midst of persistent geopolitical tensions and uncertainty around monetary policy trajectories.

That momentum carried into the final months of the year. Total fourth-quarter gold demand reached 1,303 tons, the highest ever recorded for a fourth quarter, further supported by ETF inflows of 175 tons and bar and coin buying of 420 tons.

Meanwhile, central banks continued to provide a firm foundation for demand even as purchases eased modestly from the extraordinary levels of recent years.

According to the report, net official-sector buying reached 863 tons in 2025, remaining historically elevated but below the more than 1,000 tons added in each of the previous three years. In the fourth quarter, buying accelerated with central banks purchasing 230 tons, up 6 percent quarter-on-quarter.

For instance, the National Bank of Poland emerged as the largest buyer for the second consecutive year, adding 102 tons in 2025 and lifting its gold reserves to 550 tons. Gold now accounts for 28 percent of Poland’s total reserves, approaching its revised 30 percent allocation target.

In January, the bank’s governor signaled an intention to increase reserves further to 700 tons, citing national security considerations.

Supply growth muted, technology demand holds steady

On the supply side, the response to soaring prices remained unexpectedly subdued. Total gold supply rose just 1 percent year-on-year to 5,002 tons, the highest level in the WGC’s annual data series dating back to 1970.

Mine production inched up to an estimated 3,672 tons, potentially setting a new record, while recycling increased only 3 percent to 1,404 tons. This was a muted reaction given the 67 percent rise in the US-dollar gold price.

The council explained the weak recycling response reflected the absence of economic distress, expectations of further price appreciation, and structural behaviours in key markets. This included the use of gold as collateral and the prevalence of trade-in transactions rather than outright selling.

Meanwhile, gold demand in the technology sector remained broadly stable at 323 tons for the year, supported by continued growth in artificial-intelligence-related applications.

The AI boom increased demand for high-speed computing and data-center infrastructure. However, the report also noted that rising gold prices continued to push manufacturers toward thrifting, substitution, and research into alternative materials.

From a commodity to a strategic asset

Overall, 2025 marked an evolution of how industry stakeholders view the metal in relation to changing market dynamics.

Randy Smallwood, president and chief executive officer of Wheaton Precious Metals (TSX:WPM,NYSE:WPM) said investors are increasingly recognising gold as a monetary asset rather than a cyclical commodity.

“For the last 40 years, we’ve thought of gold as a commodity,” Smallwood said. “We forgot that it’s a currency, and it is a currency,” said Randy Smallwood, president and chief executive officer of Wheaton Precious Metals, in a fireside chat at the Vancouver Resource Investment Conference (VRIC).

“The mining industry doesn’t have an impact on pricing. Doesn’t have an impact on value. It is a currency. It has been a currency for thousands of years,” he added, further noting that new mine supply adds only less than 2 percent annually to the total stock of gold held globally

Smallwood, as well as the council, expects many of the forces that drove 2025’s record demand to remain in place.

“We still see continued strength and appetite for swapping out US dollars, treasuries, whatever you want to call it, any exposure towards gold,” he said. “And that’s not going away.”

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

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Building on exploration success at flagship Matagami project

Nuvau Minerals Inc. (TSXV: NMC,OTC:NMCPF) is pleased to provide a corporate update, highlighting the success of 2025 exploration programs and plans for 2026. Previous exploration has resulted in significant gold and base metal discoveries and has expanded the Company’s base metal mineralized inventory at its Matagami Project in the Abitibi region of Québec.

‘We went public in late 2024 with a mandate to increase base metal resources, initiate gold-focused exploration that has been overlooked on our large-scale property, and accelerate work toward restarting mining operations,’ said Peter van Alphen, Nuvau’s President and Chief Executive Officer. ‘With extensive existing processing and permitted mining operations, the Matagami Property truly represents a near-term production opportunity with limited start-up capital. We have made significant progress, developing two zones of volcanogenic massive sulphide (VMS) mineralization, discovering a new orogenic gold system at Bracemac, and expanding mineralization at the Bracemac-McLeod Mine. This work sets the groundwork for an updated mineral resource estimate on the property, updated economic studies, and advancing the completion of the earn-in from Glencore.’

Key achievements in 2025

Exploration continued across the property, while also progressing multiple initiatives aimed at advancing the planned restart of production:

  • A sonic drilling program was completed to explore for mineralization in the glacial till, which delivered a significant gold grain anomaly with more than 2,000 gold grains per 10 kg of material, in an underexplored part of the property, supported by a near-contiguous sample with 295 gold grains, in hole PD-23-030s.
  • Caber Complex Base Metal Project – The company completed a successful drilling program that returned numerous high-grade intercepts at the Caber Complex deposit. This work was completed to increase drill density in preparation for the completion of an updated Mineral Resource Estimate (MRE).
  • Renaissance Zone – Following the 2023 new VMS discovery, from the first geophysical target tested by Nuvau to the north of the Caber deposits. Twenty-seven holes were drilled, with 16 holes containing semi-massive to massive sulphide mineralization. Additional VMS mineralization was discovered at the PD1-East target, a nearby geophysical anomaly tested in 2025.
  • McLeod Extension – Seven new intersections from 5,526 metres of drilling in 2024 and 2025, following up on the 2023 program that discovered potential to expand mineralization proximal to existing mine workings, including an impressive intercept of 15.30 metres grading 2.92% copper, 15.32% zinc, 0.39 g/t gold, and 98.16 g/t silver.

A new prospective gold horizon was discovered in 2025, immediately east of the Bracemac Mine within a Tonalite intrusive, where the very first drill hole intersected visible gold in quartz veining that returned 8.87 g/t gold over 1.05 metres, including 16.02 g/t gold over 0.55 (BRCG-25-01). Follow-up drilling confirmed continuity of a broad, near-surface mineralized system within a large-scale target area, not tested in historic programs. Assay results are provided in Table 1 and 2 at the end of the document.

Strategic focus in 2026

The Matagami camp uniquely combines district-scale exploration potential with a near-term production restart opportunity, supported by a large land package, existing mineral endowment, and permitted infrastructure. Figure 1 highlights some of the priority exploration target areas.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/11236/282093_dcb70e799442ea69_001.jpg

Figure 1: Nuvau’s 2026 exploration focus areas for gold and base metals (volcanogenic massive sulfides)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11236/282093_dcb70e799442ea69_001full.jpg

The company is preparing for a large-scale exploration program in 2026, continuing to test multiple high-quality gold targets and several promising base metal targets, including the Daniel 25 VMS area and untested geophysical anomalies in the central camp.

Gold exploration will focus on the underexplored area hosting the high-grade gold-in-till anomaly, advancing the Thunder Mine target where historic drilling intersected multiple high-grade zones that remain open, and evaluating the broader prospectivity of the footwall gold occurrence at the Bracemac Mine. All permits have been received for the expected exploration program for 2026.

Nuvau will continue to advance work aimed at updating its Mineral Resource Estimates for the multiple deposits located on the property, targeting upgrades to the Caber Complex, as well as initial mineral resource estimates for Bracemac-McLeod and Renaissance.

Following the resource updates, the company anticipates updating the previously completed PEA to include portions of those additional resources, as well as updating the associated economics and mine plans. Permitting initiatives will also continue to prepare the Matagami Property for the restart of mining operations.

Update on Matagami earn-in

Nuvau continues to advance its earn-in with respect to the Matagami Property. On January 28, 2026, Nuvau, Nuvau Minerals Corp. and Glencore Canada Corporation (‘Glencore’) entered into a second amended and restated earn-in agreement (the ‘Second A&R Earn-In Agreement’), which further amends and restates the terms of the earn-in agreement dated March 25, 2022, as previously amended and restated on June 28, 2024.

As Nuvau has satisfied all work requirements to earn the right to acquire a 100% interest in the Matagami Property, Nuvau has been working closely with Glencore to complete the transfer of Glencore’s interest in the Matagami Property to Nuvau. In order to facilitate such transfer, Nuvau and Glencore have agreed to certain technical amendments in the Second A&R Earn-In Agreement to address, among other things, certain regulatory considerations, the obligations of Nuvau with respect to the replacement of financial assurances, and the transfer of permits and authorizations to Nuvau. In addition, Nuvau also agreed to guarantee certain deferred obligations under the Second A&R Earn-In Agreement, updated to reflect status of Nuvau Minerals Inc. as guarantor of the obligations. Pursuant to the Second A&R Earn-In Agreement, Nuvau must complete the earn-in by no later than February 27, 2026.

For additional information, please refer to the Second A&R Earn-In Agreement, a copy of which will be available on SEDAR+ (www.sedarplus.ca) under Nuvau’s issuer profile.

Table 1: Bracemac gold showing assay intervals

DDH interval* From To Length Gold g/t
BRCG-25-01 255.75 265.00 9.25 1.13
Including 255.75 256.80 1.05 8.87
BRCG-25-02 273.60 274.10 0.50 7.07
BRCG-25-03 187.20 195.40 8.20 0.20
Including 187.20 188.00 0.80 1.37
BRCG-25-04 96.25 96.75 0.50 1.17
BRCG-25-04 196.80 233.40 36.6 0.40
Including 196.80 197.30 0.50 7.61
Including 202.30 202.85 0.55 3.15
Including 228.00 229.00 1.00 4.27
BRCG-25-04 293.70 294.20 0.50 2.23
BRCG-25-05 100.00 100.75 0.75 1.98
BRCG-25-05 394.10 401.30 7.20 0.30
Including 394.10 394.90 0.80 1.35
Including 400.80 401.30 0.50 1.54

 

Intervals conveying more than 1 g/t of gold or more than 5 m of composites > 0.2 g/t gold.
* All lengths are core lengths; true width is unknown.

Table 2: Bracemac gold DDH collar position (NAD83/UTM zone18) and drilling direction

DDH X Y Az. Dip.
BRCG-25-01 307638 5506552 179.1 64.5
BRCG-25-02 307638 5506552 170.9 63.4
BRCG-25-03 307638 5506552 177.6 57.6
BRCG-25-04 307690 5506630 200.5 51.3
BRCG-25-05 307690 5506630 196.6 66.2

 

About Nuvau Minerals Inc.
Nuvau is a Canadian mining company focused on the Abitibi Region of mine-friendly Québec. Nuvau’s principal asset is the Matagami Property that is host to significant existing processing infrastructure and multiple mineral deposits and is being acquired from Glencore.

For further information, please contact:
Nuvau Minerals Inc.
Peter van Alphen
President and CEO
Telephone: 416-525-6023
Email: pvanalphen@nuvauminerals.com

Qualified Person and Quality Assurance
Bastien Fresia P. Geo. (Qc), Technical Services Director of Nuvau and a ‘qualified person’ as is defined by National Instrument 43-101, has verified the scientific and technical data disclosed in this news release, and has otherwise reviewed and approved the scientific and technical information in this news release.

Sonic Core has been quicklogged on drilling site and shipped by truck to IOS facilities in Saguenay for detailed logging and sampling by a qualitifed quartenary geologist. Hole core from selected intervals has been bagged and queued for processing in the same facility, where samples were sifted and gold grain concentrated with a proprietary fluidized bed. Concentrates were then dry sifted at 50 μm, the +50 μm being examined under an optical microscope, while the -50 μm was scanned by an automated electron microscope. Every suspected gold grain has been analyzed by Energy Dispersive X-Ray Spectrometer (EDS), and high magnification back-scattered images have been acquired in order to classify morphology. Quality control is ensured via various mass balance calculations and EDS analysis of all grains of interest, prior to results being cross-examined by experienced geologists. In the course of sifting, an aliquot of the sample has been saved and shipped for analysis to Activation Laboratories in Ancaster, Ontario, for ICP-MS-QQQ ultra-trace analyses after aqua-regia digestion. Quality control has been conducted by a certified chemist and includes approximately 15% blanks, certified reference materials and internal reference materials.

Diamond Drill core samples are sawn by staff technicians in Nuvau’s Matagami’s core shed to create half-core splits. One split is retained in the drill core box for archival purposes with a sample tag affixed at each sample interval, and the other split is placed in a labelled plastic bag along with a corresponding sample number tag and placed in the shipment queue. Quality control samples, including blind certified reference material (‘CRM’), blank material, and core duplicates, are inserted at a frequency of 1 in every 20 samples and sample batches of up to 60 samples were then shipped directly by Nuvau personnel to the ALS Canada Ltd. preparation laboratory in Rouyn-Noranda, Québec. All submitted core samples are crushed in full to 95 % passing less than 2 mm (ALS code CRU-32). A 1000-gram sample was then riffled, split from the crushed material and pulverized to 90 % passing 75 μm (SPL-22 and PUL-32a). Pulps are shipped from the preparation laboratory to ALS Canada Ltd.’s analytical lab in North Vancouver, British Columbia, for assay. Lead, silver, copper and zinc analyses were determined by ore grade four acid digestion with an inductively coupled plasma atomic emission spectroscopy (‘ICP-AES’) or atomic absorption spectroscopy (‘AAS’) finish (ALS codes Pb-OG62, Ag-OG62, Cu-OG62 and ZnOG62), whereas gold was determined by 50 g fire assay analysis with an AAS finish (code Au-AA23).

PhotonAssay analysis (code Au-PA01) is used on the samples from Bracemac Gold. The samples are sent to Val d’Or MSALabs. Up to 1kg per sample is pulverized to 70% passing 2mm (CRU-CPA), encapsulated in 500g capacity separated plastic lids, adapted for the method and identified with barcodes and unique ID numbers. The Gamma Ray-based Photon Assay is directly processed in the MSALabs Val d’Or facilities. As the method is non-destructive, the assays can be reprocessed and are conserved for archive and future use in the plastic lids. For comparison, at the initiation of the drilling campaign, the method was tested against Fire Assays in ALSLabs, a 50 g fire assay analysis returned 15.75 g/t Au, compared to 16.02 g/t Au by PhotonAssay.

Cautionary Statements
This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning drill results relating to the Matagami Property, the results of the PEA, the potential of the Matagami Property, the timing and commencement of any production, the restart of the Bracemac-McLeod Mine, the completion of the earn-in of the Matagami Property and the timing and completion of any technical studies, feasibility studies or economic analyses. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company and the Matagami Property. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, neither the Company nor Nuvau undertakes any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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President Donald Trump likes the idea of holding the GOP’s first ever midterm convention later this year in Nevada or Texas, people involved in the discussions tell Fox News Digital.

But those sources say that the president’s initial preferences don’t mean that other cities are off the list of convention host city contenders.

As Fox News Digital first reported, the Republican National Committee (RNC) last week took a big step toward holding the convention by approving a change to the party’s rules that would allow Chair Joe Gruters to convene a convention during a midterm election year.

Gruters, speaking with reporters after the RNC greenlighted the midterm convention, called it a ‘Trump-a-palooza’ where ‘we can really highlight all the incredible things that this president has done.’

National political conventions, where party delegates from around the country formally nominate their party’s presidential candidates, normally take place during presidential election years.

But with Republicans aiming to protect their narrow control of the Senate and their razor-thin House majority in this year’s elections, Trump announced in September that the GOP would hold a convention ahead of the midterms ‘in order to show the great things we have done’ since recapturing the White House.

Details on the date and location of the midterm convention are expected to be revealed in the weeks ahead and will likely be announced by the president.

In the meantime, here’s a possible list of five strategic cities for the midterm convention. The locations, which anchor key battleground states or could serve as gateways to shifting demographic blocks, are aimed at giving Republicans an electoral edge in the midterms.

Las Vegas, Nevada

The city that touts that it’s the world’s entertainment capital due to its nightlife, shows and its long role as the nation’s legalized gambling mecca is also the largest city in swing state Nevada, which Trump narrowly carried in 2024.

Nevada will once again play a crucial role in the 2026 midterms, with Republicans aiming to flip three Democrat-held House seats. And the state will also likely hold a competitive gubernatorial election, as GOP Gov. Joe Lombardo seeks a second term.

Holding their midterm convention in Las Vegas might give the GOP a ballot box boost, similar to the likely bounce Trump received as he narrowly won battleground Wisconsin in 2024 after Republicans held their national nominating convention in Milwaukee.

And a party gathering in Las Vegas could help the GOP further appeal to the growing block of Hispanic voters and ‘service-class’ workers who have been increasingly attracted to the party’s economic agenda and messaging.

Dallas, Texas

Though Texas has been reliably red for a couple of decades, Republicans are working to protect GOP Sen. John Cornyn’s seat this year in a state that Democrats have long tried to stay competitive.

And the GOP aims to go on offense in Texas as they defend their House majority, looking to flip up to five congressional seats from blue to red after Lone Star State Republicans took the lead in the redistricting battle.

Plus, similar to Las Vegas, holding a convention in Texas puts Latino voters front and center for Republicans.

Phoenix, Arizona

Holding their convention in the nation’s fifth most populous city may boost Republicans as they strive to win back control of Arizona’s governor’s office in the midterms, as well as defend a handful of GOP-controlled House seats as they defend the majority in the chamber.

RNC Chair Joe Gruters emphasizes ‘there’s nobody who’s been more focused on affordability that President Trump’

Choosing Phoenix as host city would also allow the GOP to hammer home themes of border security and inflation in the crucial southwestern battleground.

And hosting in Phoenix, similar to Las Vegas and Dallas, would give Republicans an opportunity to showcase outreach to Latino voters.

Detroit, Michigan

With ballot box showdowns for a Democrat-held open Senate seat and governor’s office, swing state Michigan is a top GOP target.

And with four competitive House races, the results in the Great Lakes State may determine if Republicans keep their majority.

Holding the convention in Detroit also allows the GOP to focus on manufacturing, energy prices and trade.

Atlanta, Georgia

Republicans view Sen. Jon Ossoff as the most vulnerable Democratic senator seeking re-election this year.

And the GOP’s also defending the governor’s office, as popular Gov. Brian Kemp is term-limited.

Plus, naming Atlanta as host city would give Republicans a chance to showcase their efforts to court Black voters.


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Last week, Secretary of War Pete Hegseth released the 2026 National Defense Strategy (NDS), a Pentagon blueprint that elevates Israel as a ‘model ally’ and translates President Trump’s national security doctrine into concrete military policy.

‘Israel has long demonstrated that it is both willing and able to defend itself with critical but limited support from the United States. Israel is a model ally, and we have an opportunity now to further empower it to defend itself and promote our shared interests, building on President Trump’s historic efforts to secure peace in the Middle East,’ the NDS states.

The document is now influencing parallel debates over the future of U.S. security assistance to Israel and whether the next Memorandum of Understanding, or MOU, should continue delivering traditional U.S. military aid to Israel, amid dissenting voices that portray the alliance as a burden rather than a strategic asset.

According to the strategy, Israel proved its ability and willingness to defend itself following the Oct. 7 attacks, demonstrating that it is not a passive partner but an operational force that supports U.S. interests in the region. The strategy emphasizes empowering capable allies rather than constraining them, building on President Trump’s earlier push for regional integration through the Abraham Accords.

Jonathan Ruhe, director of foreign policy at the Jewish Institute for National Security of America, said the strategy reflects a broader American shift toward partnerships that strengthen both U.S. security and domestic industry.

‘U.S. defense assistance to Israel in the MOU is spent in dollars here in America to support our industry,’ Ruhe told Fox News Digital. ‘And like in the national security strategy, it then enables Israel to go and do more to protect U.S. interests.’

He said a future agreement would likely extend beyond funding alone. ‘A new MOU would also likely be broader and include things that are more 50-50 partnership, like joint research and development, co-production, intelligence sharing and things like that to reflect the changing partnership going forward,’ Ruhe said.

The strategy also highlights the importance of revitalizing the American defense industrial base, noting that allies purchasing U.S. systems help strengthen domestic production while enabling partners to shoulder greater responsibility for regional security.

Avner Golov, vice president of the Israeli think tank Mind Israel, said the document makes clear that Israel is viewed not merely as a recipient of aid, ‘Israel is in the fight. We are protecting ourselves by ourselves. We just need the tools to do that. And by doing so, we enhance not only America’s standing in the Middle East, but also worldwide and contribute to the American economy.’

That framing comes as Israel and the United States prepare for negotiations over the next 10-year MOU, which governs U.S. military assistance to Israel. The current agreement, signed in 2016, provides $3.3 billion annually in foreign military financing, along with $500 million a year for missile defense cooperation.

The debate follows tensions during the Biden administration, when the White House paused the delivery of certain U.S. weapons to Israel in May 2024, including a shipment of 2,000-pound bombs. At the time, Netanyahu warned that Israel ‘will stand alone’ if Washington halted weapons deliveries, reflecting concern that limits or delays in U.S. military support could undermine Israel’s readiness and deterrence. 

Experts have noted that U.S. leaders have not always approved every Israeli weapons request and that roughly 70% of Israel’s military imports come from the United States, underscoring the strategic calculus behind Prime Minister Netanyahu’s recent push for greater independent production.

Golov criticized that approach, arguing it risks prioritizing optics over readiness. ‘I believe that is a short-term vision,’ Golov said. ‘In the long term, Israel must first be prepared for the next round of escalation. If we are not ready, we will face another war. If we are prepared, perhaps we can deter it.’

‘Israel must remain the strongest army in the region, and that is also a fundamental American interest,’ Golov said.

Ruhe said the debate reflects lessons learned from nearly two years of war. ‘You’ve got this sort of topsy-turvy world now where the Israelis are saying we don’t want to take any more U.S. money, and the Americans are saying, no, you’re going to take our money,’ he said.

According to Ruhe, the conflict exposed vulnerabilities created by heavy dependence on U.S. supply chains and political delays.

‘The war of the last two years showed that Israel can’t afford to be as dependent on the U.S. or continue to maintain the same defense partnership that it has because that creates a dependence,’ he said. ‘Israel becomes vulnerable to U.S. shortages in weapons output or politically motivated embargoes and holdups that can impact Israel’s readiness.’

At the same time, Ruhe noted that Israel remains reliant on the United States for major platforms.

‘Even Israel will say we’re utterly dependent on the U.S. for those big-ticket platforms,’ he said, pointing to aircraft such as the F-15 and F-35 that Israel has already committed to purchasing.

For that reason, Ruhe argued that maintaining stable funding under the next MOU may be the most practical path forward.

‘It’s actually much easier for Congress just to go ahead and approve that money,’ he said, explaining that predictable funding reduces annual political battles on Capitol Hill.

Golov said Israel’s long-term objective should not be reducing ties with Washington, but deepening them. ‘I don’t want to reduce dependency,’ he said. ‘I want to increase contribution to America.’

He described the emerging vision as a fundamental shift in how the alliance is structured. ‘We are moving from a 20th-century aid model to a 21st-century strategic merger,’ Golov said. ‘Israel is the only partner that delivers a 400% return on investment without asking for a single American soldier.’

Golov said the proposed framework is built around three pillars: an industrial defense ecosystem, a joint technology ecosystem and a regional ecosystem connecting Israeli innovation, Gulf infrastructure and American power.

He emphasized that maintaining U.S. security assistance during the transition period is critical.

‘We need a final ten-year ‘bridge’ with the current security aid MOU,’ Golov said. ‘A sudden cut would be a dangerous signal of American retreat to our enemies and may hinder IDF preparedness.’

‘I don’t know who the next president of the United States will be,’ he added. ‘This is where our enemies can read it in a very dangerous way.’


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