American Uranium (AMU:AU) has announced AMUIF Commences Trading on the OTCQB in US
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/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
NextSource Materials Inc. (‘NextSource’ or the ‘Company’) (TSX:NEXT,OTC:NSRCF) is pleased to announce that it has engaged Stifel Canada as lead agent and sole bookrunner and Maxim Group LLC as co-agent in connection with a ‘best-efforts’ private placement of 58,823,500 units of the Company (the ‘Units’) at a price of $0.425 per Unit (the ‘Offering Price’) for aggregate gross proceeds of C$24,999,987.50 (the ‘Offering’).
Each Unit will consist of one common share of the Company (a ‘Common Share‘) and one-half (½) of one Common Share purchase warrant of the Company (each whole warrant, a ‘Warrant‘). Each Warrant will be exercisable to acquire one Common Share at an exercise price of C$0.55 per Common Share for a period beginning 61 days following the Closing Date (as defined below) and expiring 3 years following the Closing Date.
The net proceeds from the Offering are expected to be used to advance the UAE Battery Anode Facility, update the Molo technical report and for general corporate purposes as disclosed in the offering document.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (‘NI 45-106‘), the Units will be offered for sale to purchasers resident in each of the provinces of Canada, except Québec, and/or other jurisdictions outside of Canada pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ‘Listed Issuer Financing Exemption‘). As the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the Units issued pursuant to the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. There is an offering document related to the Offering that can be accessed under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.nextsourcematerials.com. Prospective investors should read the offering document before making an investment decision.
The Company is party to an investment agreement with Vision Blue Resources Limited (‘Vision Blue‘) pursuant to which, among other things, the Company granted Vision Blue a contractual right to participate in equity financings on the same terms as such financings to maintain its ownership percentage in the Company. The Company will provide the necessary notice to Vision Blue in accordance with the terms of the investment agreement. Although no assurance can be provided, the Company anticipates that Vision Blue will participate in the Offering to maintain their pro-rata equity interest in the Company.
The Company has also entered into an amended and restated loan facility with Vision Blue (the ‘Amended Facility‘) which increased the maximum capacity under the existing facility from US$30,000,000 to US$50,000,000. Drawdowns remain at the discretion of Vision Blue and there is no assurance that additional advances will be available to the Company under the Amended Facility. However, the Company expects that, at closing of the Offering, the Company and Vision Blue will enter into a consent agreement under which Vision Blue will commit to advancing US$5,000,000 under the Amended Facility subject to the satisfaction of certain conditions precedent and will extend the maturity date under the Amended Facility to the date that is 12 months following the Closing Date.
The Offering is scheduled to close on or about February 24, 2026 (the ‘Closing Date‘) and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the Toronto Stock Exchange.
The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, ‘U.S. Persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities.
Related Party Transaction
Vision Blue holds 47.5% of the Company’s issued and outstanding shares (47.5% on a partially diluted basis). Accordingly, the Amended Facility constitutes a ‘related party transaction’ as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘).
The Company is not required to obtain a formal valuation in respect of the Amended Facility. The Company is exempt from the need to obtain minority shareholder approval per subsection 5.7(1)(f) of MI 61-101, as the Amended Facility is on reasonable commercial terms that are not less advantageous to the Company than if the Amended Facility were obtained from a person dealing at arm’s length with the Company and the Amended Facility is not convertible, directly or indirectly into equity of the Company or a subsidiary of the Company. The Board of Directors of NextSource, with the exception of Sir Mick Davis (being a Director of Vision Blue) who declared his interest and recused himself, unanimously approved the Amended Facility.
About NextSource Materials Inc.
NextSource Materials Inc. is a battery materials company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.
The Company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production through Phase 1 mine operations.
The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities (BAF) capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner. The Company is now in the process of developing its first BAF in the UAE.
NextSource Materials is listed on the Toronto Stock Exchange under the symbol ‘NEXT’ and on the OTCQB under the symbol ‘NSRCF’.
Cautionary Note Regarding Forward-Looking Statements
This news release contains statements that may constitute ‘forward-looking information’ or ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward looking statements and information are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘potential’, ‘possible’ and other similar words, or statements that certain events or conditions ‘may’, ‘will’, ‘could’, or ‘should’ occur. Forward- looking statements include any statements regarding,
among others: receipt of approvals related to the Offering; the size of the Offering; timing of closing of the Offering; and the intended use of proceeds from the Offering; the execution of the consent agreement (including the additional advance and the extension of the maturity date of the Amended Facility); and availability of the additional advances under the Amended Facility. These statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this news release. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement.
SOURCE NextSource Materials Inc.
View original content: http://www.newswire.ca/en/releases/archive/February2026/09/c8992.html
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AmeriTrust Financial Technologies (TSXV:AMT,OTCQB:AMTFF,Frankfurt:1ZVA) is a publicly traded fintech company focused on the US$1.6 trillion US automotive finance market. The company has built a proprietary, cloud-based platform that enables vehicle leasing and financing, asset servicing, and remarketing. AmeriTrust’s technology seamlessly connects dealers, consumers, and funding partners through an integrated digital workflow that automates underwriting, approvals, documentation, and funding.
Although AmeriTrust supports both loan and lease products, its primary strategic focus is used-vehicle leasing—a segment that remains largely untapped in the US market. Leasing accounts for roughly 25 percent of new vehicle transactions, yet represents less than 2 percent of used-vehicle sales, which are mostly limited to OEM-certified programs.
AmeriTrust’s scalable model overview:1) Dealers and Lenders submit customers to AmeriTrust.2) AmeriTrust underwrites, approves, funds contract and retains servicing. 3) A-Trust (Bankruptcy remote) sells revenue to finance partners with servicing retained.4) AmeriTrust Serves is a full servicing platform providing data and performance reporting.5) AmeriTrust Auto is a remarketing platform focused on repossessions and lease returns offered at retail direct-to-consumer online versus traditional wholesale methods; 5a) Vehicles not sold through retail are liquidated wholesale at auction.
AmeriTrust positions used-vehicle leasing as a more affordable alternative to traditional retail financing, delivering lower monthly payments and reduced upfront costs for consumers, while unlocking incremental sales opportunities for dealers and compelling risk-adjusted returns for lending partners. Its integrated platform enables the company to capture value across the entire asset lifecycle, rather than depending on a single revenue point.
Company Highlights
- Proprietary fintech platform purpose-built for new and used vehicle leasing, servicing and remarketing
- Strategic focus on used-vehicle leasing, a segment with limited competition compared to new-vehicle leasing
- Licensed across the U.S.
- Proprietary technology integrated into major dealer ecosystems, enabling rapid decisioning and funding
- Management team with decades of experience in specialty auto finance, capital markets and platform scaling
This AmeriTrust Financial Technologies profile is part of a paid investor education campaign.*
Click here to connect with AmeriTrust Financial Technologies (TSXV:AMT) to receive an Investor Presentation
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Proceeds to be used to Accelerate Procurement and Component Assembly for Demonstration Facility Deployment in Iceland
Syntholene Energy CORP. (TSXV: ESAF,OTC:SYNTF) (FSE: 3DD0) (OTCQB: SYNTF) (the ‘Company’ or ‘Syntholene’) announces that it will be increasing the size of its previously announced non-brokered financing from up to $2.0 million to up to $3.75 million (the ‘Financing’).
The Financing is expected to consist of the issuance of units of the Company (the ‘Units’) at a price of $0.45 per Unit, with each Unit comprising one common share of the Company (a ‘Common Share’) and one non-transferable common share purchase warrant (each whole warrant, a ‘Warrant’). Each whole Warrant will entitle the holder to purchase one additional Common Share at an exercise price of $0.63 for a period of two years from the date of issuance, subject to an acceleration provision in accordance with the terms of the Financing.
Gross proceeds from the Financing are expected to be used toward the procurement and assembly of components for the Company’s planned demonstration facility in Iceland, and toward corporate marketing initiatives, investor relations and working capital.
The Company expects that insiders of the Company may participate in the Financing. The extent of insider participation, if any, has not been determined at this time. Any insider participation will be disclosed in accordance with the policies of the TSX Venture Exchange and applicable securities laws. The Financing may close in one or more tranches.
Finder’s fees may be payable in connection with the Financing, subject to compliance with applicable securities laws and the policies of the TSX Venture Exchange.
All securities issued pursuant to the Financing will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws. Completion of the Financing remains subject to the receipt of all required regulatory approvals, including approval of the TSX Venture Exchange.
The securities offered pursuant to the Financing have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Syntholene
Syntholene is actively commercializing its novel Hybrid Thermal Production System for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70% lower cost than the nearest competing technology today. The company’s mission is to deliver the world’s first truly high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels, for the first time.
Syntholene’s power-to-liquid strategy harnesses thermal energy to power proprietary integrations of hydrogen production and fuel synthesis. Syntholene has secured 20MW of dedicated energy to support the Company’s upcoming demonstration facility and commercial scale-up.
Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering, and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral eFuels across global markets.
For further information, please contact:
Dan Sutton, CEO
comms@syntholene.com
www.syntholene.com
+1 608-305-4835
Investor Relations
KIN Communications Inc.
604-684-6730
ESAF@kincommunications.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘expect’, ‘anticipate’, ‘aims’, ‘continue’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘believe’, ‘plans’, ‘intends’ and similar expressions are intended to identify forward-looking information or statements. All statements, other than statements of historical fact, including but not limited to statements regarding the completion of the Financing, the proposed use of proceeds of the Financing, TSXV approval, development of the test facility, commercial scalability, technical and economic viability, anticipated geothermal power availability, anticipated benefit of eFuel, and future commercial opportunities, are forward-looking statements.
The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including without limitation the assumption that the Company will be able to complete the Financing on the proposed terms or at all, that the TSXV will approve the Financing, the Company will be able to execute its business plan, including that it will use the Proceeds of the Financing, if any, as described herein, that the Company will be able to advance its planned test facility, that the eFuel will have its expected benefits, that there will be market adoption, and that the Company will be able to access financing as needed to fund its business plan. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.
The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including without limitation the assumption that the Company will be able to execute its business plan, that the eFuel will have its expected benefits, that there will be market adoption, and that the Company will be able to access financing as needed to fund its business plan. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.
Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation, Syntholene’s ability to meet production targets, realize projected economic benefits, overcome technical challenges, secure financing, maintain regulatory compliance, manage geopolitical risks, and successfully negotiate definitive terms. Syntholene does not undertake any obligation to update or revise these forward-looking statements, except as required by applicable securities laws.
Readers are advised to exercise caution and not to place undue reliance on these forward-looking statements.
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283288
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Senate Judiciary Committee Chairman Chuck Grassley and Sen. Amy Klobuchar introduced a bipartisan measure to crack down on money laundering by increasing penalties and ensuring laws apply to systems used by drug traffickers and terrorists.
Grassley, R-Iowa, and Klobuchar, D-Minn., introduced the ‘Combating Money Laundering, Terrorist Finance and Counterfeiting Act’ Friday to enhance criminal money laundering statutes.
The bill would update counterfeiting laws to prohibit state-of-the-art counterfeiting methods and increase penalties for bulk cash smuggling.
The bill would also ensure money laundering laws apply to informal value transfer systems that are often used by drug traffickers and terrorists.
The introduction of the bill comes as Trump administration officials warn that hostile actors, like cartels and terrorists, are funding operations through complex financial channels across the U.S. border.
Grassley and Klobuchar also said the bill would prohibit the cross-border shipment of blank checks for the purpose of evading reporting requirements.
‘Criminal enterprises and terrorist organizations depend on ill-begotten cash to carry out their dark deeds. As money laundering methods have evolved over time, so must the government’s efforts to exact justice,’ Grassley said, adding that their bill would ensure law enforcement ‘has the tools they need to track down dirty money, hold criminals accountable and prevent further crimes.’
Klobuchar added that as criminals and terrorist organizations ‘develop new methods to launder money, we must provide our law enforcement with the tools they need to keep American communities safe.’
‘This bipartisan legislation makes necessary updates to anti-money laundering statutes and counterfeiting laws, ensuring the law enforcement community can stay one step ahead of those working to undermine our nation’s safety and security,’ she said.
The bill also would establish a new money laundering violation that would prohibit the transfer of funds into or out of the United States — funds specifically being transferred with the intent to violate U.S. income tax laws.
The bill would also prohibit conspiracies to create illegal money services businesses; grant wiretapping authority to investigate currency reporting, bulk cash smuggling, illegal money services businesses and counterfeiting offenses; and grant the U.S. Secret Service the explicit authority to investigate ransomware crimes and other uses of unlicensed money transmitting; and would ensure compliance with financial institutions.
The measure has wide support in the law enforcement community and has been endorsed by the Fraternal Order of Police, the National Association of Assistant U.S. Attorneys, the National Association of Police Organizations and the National District Attorneys Association.
‘By clarifying the law in response to recent court decisions, strengthening penalties and expanding investigative authorities, this legislation will restore critical law enforcement tools and help disrupt transnational criminal organizations,’ Patrick Yoes, president of the Fraternal Order of Police said, adding that the organization ‘strongly supports this bill, which would prevent criminals and terrorists from profiting from their crimes and protect public safety and national security.’
The National Association of Assistant U.S. Attorneys also endorsed the bill saying the ‘targeted reforms will strengthen investigations, improve prosecutorial clarity and better reflect how modern money-laundering schemes actually operate.’
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Numerous women urged Attorney General Pam Bondi in a high-profile Super Bowl ad on Sunday to release more files from Jeffrey Epstein’s sex-trafficking cases, signaling their dissatisfaction with the Department of Justice’s efforts to comply with the Epstein Files Transparency Act.
Prominent Democrats, including Senate Minority Leader Chuck Schumer, D-N.Y., immediately elevated the ad, which came in the wake of the DOJ releasing more than 3 million pages of files and concluding its review.
Schumer shared a video of it on X, calling it ‘the most important ad’ of the day.
‘You don’t ‘move on’ from the largest sex trafficking ring in the world. You expose it. #StandWithSurvivors,’ Schumer wrote.
Rep. Robert Garcia, D-Calif., who has been leading Democrats’ inquiries into Epstein matters in the House, shared a similar message.
The women in the commercial conveyed their disapproval of the DOJ as the words ‘Tell Attorney General Pam Bondi it’s time for the truth’ flashed across the screen.
The commercial comes after the DOJ announced last month the release of more than 3 million pages from the case files. The department said it started with more than 6 million pages but withheld a major portion for a variety of reasons, including because the information could identify alleged victims or was protected by legal privileges.
The omitted files led top supporters of the Epstein legislation, including Epstein’s victims and Rep. Thomas Massie, R-Ky., to contend that the DOJ failed to comply with the transparency law.
The DOJ has disputed that claim, saying its review was ‘very comprehensive’ and that it did not hide any information for the purpose of protecting President Donald Trump or other wealthy and politically connected people, including former President Bill Clinton, who were once friends with Epstein but were never accused of crimes associated with him.
Massie is among lawmakers who said they planned to visit the DOJ on Monday to review undisclosed files.
The Super Bowl commercial was created by World Without Exploitation, a project of the Tides Center, a progressive nonprofit.
It flashed images of several women holding photos of their younger selves and images of redaction marks, a nod to frustrations surrounding the DOJ heavily redacting some files while neglecting to redact names in others.
‘After years of being kept apart, we’re standing together,’ one of the women says. ‘Because this girl deserves the truth.’
The department said it has moved swiftly to correct any redaction mistakes that have been brought to its attention.
The DOJ did not respond to a request for comment on the commercial.
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Sen. Bill Hagerty, R-Tenn., filed a formal complaint against Verizon on Monday after the carrier handed over his phone data to the Biden-era Department of Justice during its probe of President Donald Trump and the 2020 election – a move Republicans say violated the Constitution.
Lawyers for Hagerty wrote in the complaint to the Federal Communications Commission, reviewed by Fox News Digital, that Verizon should publicly admit wrongdoing and discipline employees who were involved in complying with a subpoena for his phone data. Otherwise, the FCC should declare that Verizon violated federal law and assign an independent monitor to watch over the company, Hagerty’s lawyers wrote.
‘Such discipline by the FCC would send a clear message that companies cannot collude with politically motivated prosecutors to violate customers’ rights,’ Hagerty’s lawyers wrote. ‘Verizon is not above the law.’
The Tennessee Republican’s complaint detailed how Verizon complied with former special counsel Jack Smith’s team by giving the prosecutors a narrow set of Hagerty’s and several other GOP senators’ phone data as part of Smith’s investigation into President Donald Trump and the 2020 election.
Verizon justified its actions in a letter to the Senate in the fall, saying the subpoenas appeared ‘facially valid’ and only contained phone numbers. They did not identify the subscribers or include information about Smith’s investigation, Verizon said.
The phone company said it did not notify the senators about the subpoenas because they were accompanied by court-authorized gag orders.
Fox News Digital reached out to a Verizon spokesperson for comment on the FCC complaint.
Republicans have widely condemned the subpoenas, saying they violated the Constitution’s speech or debate clause, which gives Congress members an added layer of protection when it comes to prosecutorial matters.
Smith has repeatedly stood by them, saying he handled them according to DOJ policy at the time. The policy in question has since been changed to require prosecutors to notify the courts if requested gag orders pertain to Congress members. Previously, it did not include that requirement, leading the courts to authorize gag orders against the senators and deprive them of the ability to try to quash the subpoenas.
Hagerty’s FCC complaint is the latest instance of a senator seeking recourse for the subpoenas. Sen. Lindsey Graham, R-S.C., who was also targeted in Smith’s probe, supported a controversial provision in the government spending bill last year that gave senators the ability to bring $500,000 civil lawsuits against the DOJ.
The provision caused significant infighting because of the perception that it would allow senators to enrich themselves, and the House later voted 426-0 to repeal it.
Hagerty’s complaint comes one day before Sen. Marsha Blackburn, R-Tenn., another of Smith’s targets, holds a Senate hearing called ‘Arctic Frost Accountability.’ Witnesses set to testify include executives of Verizon and AT&T.
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The collapse of merger talks between Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Glencore (LSE:GLEN,OTCPL:GLCNF) has ended what would have been the mining industry’s largest-ever deal.
The two companies confirmed last week that discussions over a potential US$260 billion combination had been abandoned after failing to agree on terms that would deliver value for shareholders.
The deal, revived late last year, would have created the world’s largest diversified miner with dominant positions in copper, iron ore, lithium, and cobalt.
Rio Tinto said it was no longer considering a merger or other business combination with Glencore after determining it could not reach an agreement that met its shareholder objectives.
Glencore, for its part, said the proposed terms significantly undervalued its contribution to a combined group, particularly its copper portfolio and growth pipeline.
Shares in Glencore fell sharply following the announcement, briefly dropping more than 10 percent in London trading, while Rio Tinto shares also declined.
Under UK takeover rules, Rio is now barred from making another approach for six months unless granted special permission.
The breakdown marks at least the third failed attempt to combine the two mining giants over the past two decades. Talks were previously explored in 2008 and again in 2014, with another round briefly surfacing in 2024.
This latest effort gained momentum amid a broader wave of consolidation driven by long-term expectations of copper shortages tied to electrification, artificial intelligence (AI) infrastructure, and energy transition spending.
A combined Rio–Glencore would have reshaped the global mining landscape, pairing Rio’s operational scale and project development expertise with Glencore’s trading arm and exposure to copper and cobalt.
Despite the failed megamerger, dealmaking across the mining sector has continued at pace in early 2026, reflecting sustained pressure on producers to replenish reserves and secure long-life assets.
In January, Zijin Gold International (HKEX:2259,OTCPL:ZJNGF) agreed to acquire Allied Gold (TSX:AAUC,NYSE:AAUC) in an all-cash transaction valued at roughly US$4 billion. The deal gives Zijin expanded exposure to gold assets in Ethiopia, Mali, and Côte d’Ivoire, fitting the Chinese miner’s strategy of international expansion through large-scale, long-life projects.
Elsewhere, Eldorado Gold (TSX:ELD) and Foran Mining (TSX:FOM,OTCQX:FMCXF) agreed to combine in a share-based transaction that will create a larger gold and copper producer with two development projects scheduled to enter production in 2026.
The deal brings together Eldorado’s Skouries project in Greece and Foran’s McIlvenna Bay project in Saskatchewan, with the combined group targeting roughly 900,000 gold-equivalent ounces of production by 2027.
Glencore itself has remained active on the divestment side. In Australia, Austral Resources Australia agreed to acquire the Lady Loretta copper mine from Glencore, marking another step in the Swiss-based miner’s ongoing portfolio optimization.
The transaction includes a royalty structure and allows Glencore to retain some upside exposure while exiting a non-core asset.
Rare earths have also featured prominently in this year’s deal flow. Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) moved to acquire Australian Strategic Materials (ASX:ASM,OTCPL:ASMMF), a transaction aimed at creating a vertically integrated rare earths producer spanning mining, processing, and alloy production.
The deal includes ASM’s Dubbo project in Australia and its Korean metals plant, which is already in commissioning.
Analysts say the failure of the Rio–Glencore talks does little to dampen the broader consolidation narrative. Copper remains a central focus among producers as long-term supply deficits are widely forecast despite recent price volatility.
Lithium, rare earths, and other critical minerals are also attracting sustained interest as governments and manufacturers seek to secure non-Chinese supply chains.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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Southern Silver Exploration Corp. (TSXV: SSV,OTC:SSVFF) (the ‘Company’ or ‘Southern Silver’) reports additional assays from drilling which continues to outline extensions of mineralization on the recently acquired Puro Corazon claim and identified further thick intervals of high-grade and strongly silver-enriched polymetallic mineralization.
Highlight assays include:
- a 5.8 metre interval averaging 173g/t Ag, 1.5% Cu, 1.8% Pb and 17.3% Zn (781g/t AgEq)(1) from drillhole 25CLM-210; and
- a 10.8 metre interval averaging 121g/t Ag, 0.3% Cu, 5.1% Pb and 3.9% Zn (348g/t AgEq), including a 3.1 metre interval averaging 225g/t Ag, 0.6% Cu, 9.4% Pb and 7.1% Zn (642g/t AgEq)(1) from drillhole 25CLM-210
- a 3.0 metre interval averaging 715g/t Ag, 0.1g/t Au, 7.5% Pb and 1.0% Zn (890g/t AgEq)(1) from drillhole 25CLM-212
(1) see AgEq calculation criteria in notes to Table 1. Intervals are reported as estimated true thickness unless otherwise indicated
The drill results, specifically from holes 25CLM-210 and 25CLM-215 continue to extend mineralization to depth, below earlier reported results from the Puro Corazon target as well as testing mineralization toward the southern edge of the claim with drill holes 25CLM-211 to 25CLM-214. Previously released intercepts from this round of drilling include:
- 10.5 metres grading 1,115g/t AgEq (see News Release dated December 1, 2025) from 25CLM-203
- 10.4 metres grading 743g/t AgEq (see News Release dated January 6, 2026) from 25CLM-205; and
- 15.3 metres grading 581g/t AgEq (see News Release dated January 27, 2026) from 25CLM-206
Drilling continues to demonstrate the continuity of the high-grade replacement lens first identified in drill holes 25CLM-203 and 25CLM-205 and has now extended mineralization to a depth of over 360 metres below surface in the main skarn target.
Twenty-one core holes out of twenty-two planned holes have been completed to date and a final hole is in progress. Analyses from fourteen drill holes have now been reported and further assays, including those from underground sampling of the historic Puro Corazon workings, are anticipated over the coming weeks.
Figure 1: Plan view of the drilling on the recently acquired Puro Corazon Claim.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5344/283120_2dd474ba74f959d9_002full.jpg
Figure 2: Longitudinal Section of the Puro Corazon Target. Note: pierce points reflect intercepts into the main Skarn zone
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Table 1: Select Assay Results from the Cerro Las Minitas project.
| Collar Data | ||||||||||||||
| Hole # | Az | Dip | Depth | From | To | Interval | Est. Tr. Thck. | Ag | Au | Cu | Pb | Zn | AgEq | Notes |
| Deg (UTMN) | Deg | (m) | (m) | (m) | (m) | (m) | (g/t) | (g/t) | (%) | (%) | (%) | (g/t) | ||
| 25CLM-210 | 85 | -54 | 593 | 46.6 | 48.0 | 1.4 | 1.1 | 173 | 0.2 | 0.0 | 2.2 | 0.7 | 244 | |
| 25CLM-210 | 323.4 | 337.3 | 14.0 | 10.8 | 121 | 0.0 | 0.3 | 5.1 | 3.9 | 348 | ||||
| inc. | 323.4 | 324.1 | 0.8 | 0.6 | 350 | 0.0 | 1.1 | 15.7 | 15.3 | 1141 | ||||
| and inc. | 330.3 | 334.3 | 4.1 | 3.1 | 225 | 0.0 | 0.6 | 9.4 | 7.1 | 642 | ||||
| 25CLM-210 | 346.1 | 346.7 | 0.6 | 0.5 | 267 | 0.0 | 1.1 | 13.5 | 18.6 | 1100 | ||||
| 25CLM-210 | 355.0 | 356.1 | 1.1 | 0.9 | 259 | 0.0 | 0.3 | 7.1 | 6.4 | 583 | ||||
| 25CLM-210 | 406.6 | 436.4 | 29.8 | 23.0 | 70 | 0.0 | 0.5 | 0.7 | 6.8 | 301 | 38% Dilution | |||
| inc. | 421.2 | 428.7 | 7.5 | 5.8 | 173 | 0.0 | 1.5 | 1.8 | 17.3 | 781 | ||||
| 25CLM-210 | 448.4 | 451.6 | 3.3 | 2.5 | 116 | 0.0 | 0.1 | 0.5 | 7.3 | 328 | ||||
| 25CLM-211 | 49 | -59 | 405 | 26.4 | 27.8 | 1.4 | 0.7 | 95 | 0.0 | 0.1 | 3.6 | 5.9 | 325 | |
| 25CLM-211 | 266.4 | 305.0 | 38.6 | 21.0 | 34 | 0.0 | 0.1 | 0.4 | 0.2 | 58 | Anomalous composite | |||
| inc. | 275.8 | 277.1 | 1.3 | 0.7 | 121 | 0.0 | 0.5 | 0.3 | 0.1 | 169 | ||||
| and inc. | 298.9 | 299.6 | 0.7 | 0.4 | 358 | 0.1 | 0.5 | 7.6 | 2.3 | 603 | ||||
| 25CLM-212 | 68 | -64 | 498 | 397.0 | 401.3 | 4.3 | 3.0 | 715 | 0.1 | 0.0 | 7.5 | 1.0 | 890 | |
| inc. | 397.0 | 399.0 | 2.0 | 1.4 | 1455 | 0.2 | 0.0 | 14.8 | 1.0 | 1773 | ||||
| 25CLM-212 | 411.7 | 412.8 | 1.1 | 0.8 | 333 | 0.1 | 0.0 | 0.9 | 0.0 | 354 | ||||
| 25CLM-212 | 417.0 | 420.8 | 3.8 | 2.7 | 309 | 0.0 | 0.1 | 1.6 | 0.3 | 360 | ||||
| 25CLM-213 | 45 | -60 | 252 | 148.9 | 150.0 | 1.1 | 0.7 | 60 | 0.0 | 0.2 | 1.5 | 1.3 | 141 | |
| 25CLM-213 | 182.9 | 184.2 | 1.3 | 0.8 | 61 | 0.0 | 0.1 | 1.4 | 1.3 | 131 | ||||
| 25CLM-214 | 45 | -45 | 339 | 117.6 | 118.9 | 1.3 | 0.9 | 131 | 0.0 | 0.5 | 4.3 | 3.9 | 358 | |
| 25CLM-214 | 207.3 | 211.5 | 4.2 | 2.9 | 29 | 0.0 | 0.0 | 1.0 | 1.6 | 92 | ||||
| 25CLM-214 | 226.7 | 228.0 | 1.3 | 0.9 | 22 | 0.0 | 0.1 | 1.2 | 1.0 | 81 | ||||
| 25CLM-215 | 96 | -48 | 492 | 326.9 | 327.4 | 0.5 | 0.2 | 488 | 0.2 | 0.6 | 14.7 | 17.8 | 1293 | |
| 25CLM-215 | 343.9 | 352.4 | 8.5 | 4.0 | 60 | 0.0 | 0.2 | 2.9 | 2.4 | 190 | 57% dilution | |||
| inc. | 343.9 | 344.4 | 0.5 | 0.2 | 179 | 0.0 | 1.7 | 5.3 | 3.1 | 485 | ||||
| and inc. | 351.3 | 352.4 | 1.1 | 0.5 | 241 | 0.0 | 0.3 | 12.8 | 12.4 | 839 | ||||
| 25CLM-215 | 417.3 | 423.1 | 5.8 | 4.8 | 49 | 0.0 | 0.1 | 0.1 | 9.6 | 320 | ||||
| inc. | 417.3 | 419.4 | 2.1 | 1.8 | 9 | 0.0 | 0.1 | 0.0 | 17.2 | 480 | ||||
| 25CLM-215 | 434.0 | 435.5 | 1.4 | 1.2 | 243 | 0.0 | 0.0 | 0.5 | 0.0 | 254 | ||||
- Analyzed by FA/AA for gold and ICP-AES by ALS Laboratories, North Vancouver, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits assayed by ore grade ICP analysis,
- High silver overlimits (>1500g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. High Pb (>20%) and Zn (>30%) overlimits assayed by titration. AgEq and ZnEq were calculated using prices of $2,800/oz Au, $32/oz Ag, $4.50/lb Cu, $0.95/lb Pb and $1.25/lb Zn.
- AgEq and ZnEq calculations utilized relative metallurgical recoveries of Au 48.6%, Ag 93%, Cu 70%, Pb 87% and Zn 93%.
- Composites are calculated using a 80g/t AgEq cut-off in sulphide and 0.5g/t AuEq in the oxide gold zone. Composites have <20% internal dilution, except where noted; anomalous intercepts are calculated using a 10g/t AgEq cut-off.
Next Steps
The Company is planning to incorporate the results of the Puro Corazon drilling program into the much larger Cerro Las Minitas project which is expected to significantly enhance the project economics. Final assays are anticipated to be received by the end of the first quarter of 2026, after which the Company intends to:
- update the Mineral Resource Estimate of the Cerro Las Minitas project; followed by
- continue to advance baseline data collection and permit readiness review
The Company reports that work on the Cerro Las Minitas project continues advancing numerous upside opportunities identified subsequent to the July 2024 PEA, while also derisking and advancing the project with the commencement of baseline data collection, hydrology, geotechnical, archaeological and land surveys and studies.
As currently modelled, the Cerro Las Minitas project features a large-scale underground mining operation with robust project economics and high gross revenues in a well located and mining friendly jurisdiction in southeast Durango, Mexico. For more information on the details of the current economic assessment of the Cerro Las Minitas project please refer to Southern Silver’s news release dated June 10, 2024.
About Southern Silver Exploration Corp.
Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our specific emphasis is the 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico’s Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. Located in the same State as the Cerro Las Minitas property is the newly acquired Nazas, gold-silver property. Our property portfolio also includes the Oro porphyry copper-gold project and the Hermanas gold-silver vein project where permitting applications for the conduct of a drill program is underway, both located in southern New Mexico, USA.
Robert Macdonald, MSc. P.Geo, is a Qualified Person as defined by National Instrument 43-101 and supervised directly the collection of the data from the CLM project that is reported in this disclosure and is responsible for the presentation of the technical information in this disclosure.
On behalf of the Board of Directors
‘Lawrence Page’
Lawrence Page, K.C.
President & Director, Southern Silver Exploration Corp.
For further information, please visit Southern Silver’s website at southernsilverexploration.com or contact us at 604.641.2759 or by email at corpdev@mnxltd.com .
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.
This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Forward-looking statements in this news release include plans to advance and develop the CLM property including updating the Mineral Resource Estimate followed by an update of the PEA. These statements are based on a number of assumptions, including, but not limited to, general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the Company’s projects, and the availability of financing for the Company’s development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283120
News Provided by TMX Newsfile via QuoteMedia
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The House Oversight Committee’s deposition of Ghislaine Maxwell ended less than an hour after it began on Monday morning, when the convicted accomplice of the late Jeffrey Epstein pleaded the Fifth Amendment.
Maxwell appeared before lawmakers virtually for a closed-door interview in the House bipartisan probe into the federal government’s handling of Epstein’s case.
Her attorney apparently told lawmakers, however, that she could not implicate neither President Donald Trump nor former President Bill Clinton in any wrongdoing.
‘[B]oth President Trump and President Clinton are innocent of any wrongdoing. Ms. Maxwell alone can explain why, and the public is entitled to that explanation,’ lawyer David Oscar Markus posted on X after the deposition.
Markus also told lawmakers that she would only answer questions if her prison sentence was cut short by Trump, according to the statement.
‘If this Committee and the American public truly want to hear the unfiltered truth about what happened, there is a straightforward path. Ms. Maxwell is prepared to speak fully and honestly if granted clemency by President Trump. Only she can provide the complete account. Some may not like what they hear, but the truth matters,’ his statement said.
Maxwell is currently serving out a 20-year sentence at a Texas prison.
‘As expected, Ghislaine Maxwell took the fifth and refused to answer any questions. This is obviously very disappointing,’ House Oversight Committee Chairman James Comer, R-Ky., told reporters after the deposition. ‘We had many questions to ask about the crime she and Epstein committed, as well as questions about potential co-conspirators. We sincerely want to get to the truth for the American people and justice for the survivors.’
Comer said Maxwell’s lawyer told the committee that she would only answer questions if she was granted clemency by President Donald Trump.
Maxwell did say through her attorney, however, that neither Trump nor
Democrats on the panel, who spoke after Comer, accused Maxwell of trying to lobby for a pardon and demanded that Trump publicly rule out the possibility.
‘What we did get was another episode in her long-running campaign for clemency from President Trump, and President Trump could end that today,’ said Rep. James Walkinshaw, D-Va. ‘He could rule out clemency for Ghislaine Maxwell, the monster. The question for all of us today is why hasn’t he done that?’
The former British socialite was found guilty in December 2021 of being an accomplice in Epstein’s scheme to sexually traffic and exploit female minors.
The DOJ said at the time of her sentencing that Maxwell ‘enticed and groomed minor girls to be abused in multiple ways.’
Comer announced lawmakers would hear from Maxwell late last month during a meeting on holding former President Bill Clinton and former Secretary of State Hillary Clinton in contempt of Congress for refusing to appear for his Epstein probe.
‘We’ve been trying to get her in for a deposition. Our lawyers have been saying that she’s going to plead the Fifth, but we have nailed down a date, Feb. 9, where Ghislaine Maxwell will be deposed by this committee,’ Comer said at the time.
Contempt proceedings against the Clintons stalled, however, after they agreed via their attorneys to appear in person on Capitol Hill just days before the full House of Representatives was expected to vote on referring the pair to the Department of Justice (DOJ) for criminal charges.
Comer’s team had been in a back-and-forth with Maxwell’s attorney for months trying to nail down a date for her to speak to committee lawyers.
He agreed to delay her previous planned deposition in August after her lawyer asked him to wait until after the Supreme Court decided whether it would hear her appeal. The Supreme Court turned down Maxwell’s case in October.
She and the Clintons’ depositions are part of the House Oversight Committee’s months-long probe into how the government handled Epstein’s case.
Comer told reporters on Monday that five more depositions would happen in the coming weeks including former Victoria’s Secret CEO Les Wexner on Feb. 18, Hillary Clinton on Feb. 26, Bill Clinton on Feb. 27, Epstein accountant Richard Khan on March 11, and Epstein attorney Darren Indyke on March 19.
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