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Graham threatens shutdown deal over House-backed repeal, warns Johnson: ‘I won’t forget this’

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Sen. Lindsey Graham, R-S.C., unloaded his frustrations with the latest iteration of a government funding package backed by President Donald Trump and laid out a stark warning to the top House Republican and the White House in the process. 

Graham is one of the few remaining holdouts blocking the Senate from moving on to a government funding package brokered by Trump and Senate Minority Leader Chuck Schumer, D-N.Y., as lawmakers race to beat the government funding deadline at midnight on Friday. 

The top Trump ally’s frustrations with the funding package have little to do with the president or the deal struck with Schumer. Much of his ire is directed at a provision tucked in by the House last week that would repeal a law that allows senators whose phone records were subpoenaed by former special counsel Jack Smith to sue for up to $500,000 per infraction. 

And Graham was not happy that House Speaker Mike Johnson, R-La., let the repeal slip through.

‘You could have called me about the $500,000,’ Graham said. ‘I’d be glad to work with you. You jammed me, Speaker Johnson. I won’t forget this. I got a lot of good friends in the House. If you think I’m going to give up on this, you really don’t know me.’

Graham has been a vocal proponent of that law, which was slipped into the last funding patch by Senate Majority Leader John Thune, R-S.D., with a green light from Schumer. 

He also turned his frustration on the White House.

‘I’ve been told the White House doesn’t like this, and I told the White House last night, ‘I don’t care if you like it or not.’ I literally texted my friends at the White House, ‘If I were you, I would not call me tonight.’’ 

‘And they didn’t call me,’ he continued. ‘I don’t work for the White House. They’re my political allies. I’m close to President Trump. I don’t work for him.’ 

Lawmakers on both sides of the aisle have charged that it’s a law designed to allow their colleagues to enrich themselves off the taxpayers’ dime, and tried on several occasions in the Senate to repeal it.

Graham is willing to lift his hold on the package if he gets a vote on expanding the number of people and organizations who were affected by Smith’s Arctic Frost probe that can sue, along with a vote on his legislation that would criminalize the conduct of officials who operate sanctuary cities. 

Several other lawmakers are demanding amendment votes, too, which Republican leaders are currently working to address. A positive sign, however, is that none appear to be demanding a guaranteed outcome.


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Israel set to reopen Gaza’s Rafah border crossing with Egypt for first time since May 2024

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Israel announced Thursday that it will reopen the Rafah border crossing for people to travel between Gaza and Egypt for the first time since May 2024. 

Israel’s Coordinator for Government Activities in the Territories (COGAT), which oversees humanitarian and civil efforts in Gaza, said the crossing ‘will open this coming Sunday (February 1st) in both directions, for limited movement of people only.’ 

‘The return of residents from Egypt to the Gaza Strip will be permitted, in coordination with Egypt, for residents who left Gaza during the course of the war only, and only after prior security clearance by Israel,’ COGAT said. 

‘In addition to initial identification and screening at the Rafah Crossing by the European Union mission, an additional screening and identification process will be conducted at a designated corridor, operated by the defense establishment in an area under IDF control,’ it continued.

This will be the first opening of the Rafah crossing for people since Israel seized the area in May 2024, according to Reuters. Israeli forces captured the territory as part of an effort to prevent arms smuggling into Gaza by the terrorist group Hamas. 

In early 2025, there was an evacuation of medical patients along the route during a temporary ceasefire, The Associated Press reported.

Israeli Prime Minister Benjamin Netanyahu’s office had said Sunday that Israel agreed to a ‘limited reopening’ of the crossing under President Donald Trump’s 20-point peace plan.

‘As part of President Trump’s 20-point plan, Israel has agreed to a limited reopening of the Rafah Crossing for pedestrian passage only, subject to a full Israeli inspection mechanism,’ the Office of the Prime Minister of Israel wrote. 

The Prime Minister’s Office said the reopening was contingent on the return of all living hostages and what it described as a ‘100 percent effort’ by Hamas to locate and return the remains of all deceased hostages.

Israel on Monday then confirmed that the remains of Staff Sgt. Ran Gvili, the last Israeli hostage held in Gaza, have been recovered and returned home after 842 days. 

Fox News Digital’s Rachel Wolf and Ashley Carnahan contributed to this report. 


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Spot Uranium Passes US$100, Extends Year-Long Rally

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Uranium prices surged back above US$100 a pound this week, extending a year-long rally that is reshaping the uranium market after more than a decade of underinvestment.

Spot price of uranium climbed US$7.75 to US$101 a pound after the Sprott Physical Uranium Trust (TSX:U.U,OTCQX:SRUUF,OTCQX:SRUUF) disclosed it had purchased 500,000 pounds of uranium and raised US$214 million through a share issuance, lifting its available cash to US$323 million.

Expectations that the fund will deploy that capital rapidly into further uranium purchases helped push prices back above the psychologically important US$100 mark, a level not consistently seen since 2007.

“Sprott has now built a pretty serious war chest to buy some pounds, so it’s come into this year preloaded with cash,” Guy Keller, portfolio manager of Tribeca’s Nuclear Energy Opportunities Strategy, told the Australian Financial Review.

“We’ve now entered a new range for the spot price and I think it’s safe to say that US$100 a pound is a new floor which should hold for the next 12 months and the next question is, where does it stop?”

Spot prices catch up to contract reality

Spot uranium one-year price performance.

Spot uranium one-year price performance.

Chart via Trading Economics

While the move above US$100 grabbed headlines, there have already been previous remarks that claimed uranium has already been trading at triple-digit prices away from public benchmarks.

Earlier this January, Cameco (TSX:CCO,NYSE:CCJ) president and chief operating officer Grant Isaac told the Goldman Sachs Energy, CleanTech & Utilities Conference that most new uranium contracts already imply prices well above published spot levels.

“We’ve had market-related contracts with floors, escalated floors in the mid-70s. We’ve had ceilings as high as US$150 escalated,” Isaac said. “The midpoint between those floors and the ceilings are already US$100 uranium, US$115 uranium.”

Isaac said around 70 percent of uranium contracting last year occurred through market-related agreements that are not fully reflected in reported benchmarks. This meant that utilities are already budgeting for significantly higher prices than spot data suggests.

He also warned that conventional demand forecasts materially understate future uranium needs, as they exclude reactors that have not yet reached final investment decision.

“The demand forecast that most have out there… we believe they’re actually understating demand,” he said, pointing to new build programs in the US, Eastern Europe and Asia, as well as rising electricity demand from data centers and artificial intelligence infrastructure.

Sovereign contracting is also returning as a market force. Isaac referenced reports from last year that Canada and India are close to finalizing a 10-year uranium supply agreement with Cameco worth US$2.8 billion.

Supply deficit setting up a “breakout year”

The price rally also supports growing consensus that uranium supply cannot respond quickly enough to rising demand.

A research report published this week by Teniz Capital said the global uranium market has entered a structural deficit phase that cannot be resolved within the next decade.

The firm argued that the long lead times required to bring new uranium projects into production—often 10 to 20 years from discovery to first output—mean that supply shortages expected in the 2030s are already effectively locked in.

“The supply deficit in the 2030s is already programmed,” the report said, describing the current market as having reached a “tipping point” where utilities that fail to secure long-term contracts today risk facing acute shortages later in the decade.

The report estimates global uranium demand to rise by about 28 percent by 2030 and more than double by 2040, driven by reactor construction in China and India, renewed Western support for nuclear power, and rapidly rising electricity demand from data centers and AI infrastructure.

David Franklyn, portfolio manager at Argonaut, also believes uranium could be heading for a “breakout year”.

“We believe the demand-supply balance has continued to improve with most major global economies now looking for nuclear power to be a component of their base load power mix,” Franklyn remarked.

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

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EXCLUSIVE: Epstein emails released as DOJ says no criminal or inappropriate conduct by Trump

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The Justice Department released more than 3 million Jeffrey Epstein records including his personal emails Friday, with Deputy Attorney General Todd Blanche telling Fox News Digital that ‘in none of these communications, even when doing his best to disparage President Trump, did Epstein suggest President Trump had done anything criminal or had any inappropriate contact with any of his victims.’

‘During the course of our investigation, we seized years and years’ worth of Epstein’s personal emails,’ Blanche told Fox News Digital. ‘These are communications with hundreds and hundreds of individuals discussing intimate details of Epstein’s and others’ lives.’

‘In none of these communications, even when doing his best to disparage President Trump, did Epstein suggest President Trump had done anything criminal or had any inappropriate contact with any of his victims,’ Blanche told Fox News Digital Friday morning. 

Fox News Digital first obtained newly declassified emails from the Epstein case Friday morning. The Justice Department is expected to release more than 3 million pages of records from the files Friday, Blanche said. 

The new records mentioning the president largely show Epstein showing his disdain for Trump and criticizing him during his first administration.

But one email reviewed by Fox News Digital was from March 2016, between Epstein and author and reporter Michael Wolff. In the email, Wolff is encouraging Epstein to come up with an ‘immediate counter narrative’ to James Patterson’s book about him, ‘Filthy Rich: A Powerful Billionaire, the Sex Scandal that Undid Him, and All the Justice that Money Can Buy.’

‘You do need an immediate counter narrative to the book,’ Wolff writes. ‘I believe Trump offers an ideal opportunity. It’s a chance to make the story about something other than you, while, at the same time, letting you frame your own story.’

‘Also, becoming anti-Trump gives you a certain political cover which you decidedly don’t have now,’ he continues.

In another email, three years later, in January 2019, Epstein writes to Wolff: ‘Of course he knew about the girls as he asked Ghislaine to stop.’

In another email, in February 2019, Epstein writes a long email to Wolff, noting that (REDACTED) worked at Mar-a-Lago, and that ‘Trump knew of it and came to my house many times during that period.’

‘He never got a massage,’ Epstein writes.

Epstein then goes on to discuss a business arrangement involving Trump relating to a friend who was having ‘financial difficulty with assisted living homes.’

In another email to Wolff in January 2018, Epstein is complaining about the president, saying that he ‘doesn’t take advice,’ and that ‘his children have little experience and poor judgment.’ 

‘There are huge discrepancies re his real net worth,’ Epstein writes to Wolff. ‘Full disclosure would make it clear.’

Epstein, also in January 2018, continues mocking Trump, calling him ‘dopey Donald or demented Donald,’ and complains about his finances and acquisitions and relationship with Deutsche Bank.

Meanwhile, in emails between Epstein and Thomas Landon of The New York Times in January 2018, Landon asks if Epstein still is in touch with Wolf, who had published his book ‘Fire and Fury’ about Trump.

‘Yup,’ Epstein replies.

Landon writes: ‘Have to say, he is looking/sounding increasing unhinged—Are you tempted to take any money off the table in the markets?’

‘No. But no question Donalds statement is goofy,’ Epstein replies. It is unclear which Trump statement he is referring to. ‘Early dementia?’

Landon replies: ‘You be judge—wasn’t here a time when he at least completed sentences?’

Epstein writes back: ‘No, he was always stupid.’

This is a developing story. Please check back for updates. 


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Minnesota Gov Walz, AG Ellison to testify in House investigation into alleged $9B welfare fraud

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House Oversight Committee Chairman James Comer announced Wednesday that Minnesota Gov. Tim Walz and Attorney General Keith Ellison will testify under oath next month as part of a congressional investigation into a massive fraud scandal involving the state’s welfare programs.

Walz and Ellison will testify at a hearing on ‘Oversight of Fraud and Misuse of Federal Funds in Minnesota: Part II’ on Wednesday, March 4, 2026, at 10 a.m. EST, the committee says.

Walz, who said this week he is not running for political office again, has become the public face of the fraud scandal which exploded under his watch and could total as much as $9 billion of taxpayer funds, according to prosecutors. 

‘Americans deserve answers about the rampant misuse of taxpayer dollars in Minnesota’s social services programs that occurred on Governor Walz’s and Attorney General Ellison’s watch. The House Oversight Committee recently heard sworn testimony from Minnesota state lawmakers who stated that Governor Walz and Attorney General Ellison failed to act to stop this widespread fraud and retaliated against whistleblowers who raised concerns,’ Comer said in a press release. 

‘We look forward to questioning Governor Walz and Attorney General Ellison under oath about this scandal to ensure transparency and accountability for the American people, and to advance solutions to prevent waste, fraud, and abuse and impose stronger penalties on those who defraud taxpayers.’

The House Oversight Committee launched its investigation in December 2025 after federal prosecutors uncovered what lawmakers say is extensive fraud and money laundering across Minnesota’s social services system. According to the committee, criminals have stolen an estimated $9 billion in taxpayer funds intended to feed children, support autistic children, house low-income and disabled Americans, and provide healthcare to vulnerable Medicaid recipients.

As part of the probe, Comer has demanded documents and communications from Walz and Ellison related to the alleged fraud. He has also requested that the U.S. Department of the Treasury provide all relevant Suspicious Activity Reports, or SARs, and ordered transcribed interviews with current and former Minnesota state officials. Those interviews are scheduled to conclude in February.

The investigation gained new momentum in January after the Minnesota Office of the Legislative Auditor released a report finding that the Department of Human Services’ Behavioral Health Administration failed to comply with most requirements and lacked adequate internal controls to prevent waste, fraud, and abuse.

On Jan. 7, the Oversight Committee held the first hearing in the series, where Minnesota lawmakers testified about what they described as years of ignored warnings and systemic failures.

WATCH: Experts reveal how ‘racism’ allegations helped fuel Minnesota fraud

Ellison’s role and alleged lack of oversight in the developing fraud scandal has raised questions as well, including over a 2021 audio recording of him meeting with members of the Somali community who would soon be convicted of defrauding millions of dollars in taxpayer money.

Fox News Digital reached out to Walz and Ellison’s office for comment.


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Angkor Resources Announces AGM Results and Appointment of New Director

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(TheNewswire)

Angkor Resources Corp.

                  

GRANDE PRAIRIE, ALBERTA TheNewswire – (January 30, 2026): Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) announces the voting results from its Annual General Meeting of Shareholders (the ‘Meeting’), held on Thursday, January 29, 2026, including the appointment of Dr. David Johnson to the Board of Directors of the Company.

 

All resolutions presented to the Shareholders were approved. Each of the resolutions are explained in detail in the Management Information Circular published in connection with the Meeting. It is available for reference on the Company’s website https://angkorresources.com.

 

A total of 96,855,431 common shares, representing approximately 47.78 % of the Company’s outstanding common shares, were voted in person and by proxy at the Meeting. Shareholders voted in favour of:

 

  • Reappointing Davidson Company LLP, Chartered Professional Accountants auditors of the Company; 

 

  • Setting the number of directors at six, with the following six nominees elected as directors: Russ Tynan, Mike Weeks, Terry Mereniuk, Ken Booth, Grant T. Smith and Dr. David Johnson; 

 

  • Approving the Company’s Rolling stock option plan; and 

 

  • Approving the sale of the Corporation’s 40% participating interest (the ‘Assets‘) in the Evesham Macklin oil and gas lands in Saskatchewan to an arm’s length party (the ‘Purchaser‘) at a fair market value sale price of $4,800,000 (the ‘Purchase Price‘) 

 

  The sale of the oil and gas assets was a strategic decision that removed a debt of $3,800,000 off the books and provided the Company with $1,000,000 in net proceeds. The original Letter of Intent and announcement is provided here:  Angkor Resources SIGNS LETTER OF INTENT TO SELL EVESHAM OIL PRODUCTION – Angkor Resources Corp.  Because it was a fundamental transaction, approval from shareholders was required at the AGM and over 99% of the voters were in favor of the transaction.  The Company wanted to push its resources into the Cambodian onshore Block VIII Project for potential growth of the Company.

 

Delayne Weeks, CEO, commented ‘On behalf of the Company, I would like to thank shareholders for their participation and continuing support. We welcome Dr. Johnson to the Board.’

 

Dr. David Johnson is a geoscientist with more than 40 years of Global, Canadian Frontier, and Western Canadian exploration and production (E&P) experience covering petroleum, natural gas and helium. In positions of progressive responsibility, David has worked for Shell, Exxon Production Research, ExxonMobil Exploration, Husky Energy, the Kuwait Oil Company, and KUFPEC. Dr. Johnson has executive, business development, operations, geoscience research, and technical E&P experience covering more than 40 petroleum jurisdictions in Europe, Africa, Asia, and the Americas. He has led bid-round acquisitions of more than 20 Production Sharing Agreements (PSA’s) and exploration licenses (EL’s); and made significant discoveries in the South China Sea, the Canadian Frontiers and Western Canada.

 

Dr. Johnson received a BSc in Geology from the University of Calgary, and a PhD in Geological Oceanography from Dalhousie University and joins the Board of Directors of the Company following the AGM Jan. 29 2026.

 

The Company also notes that Steve Cochrane, and Scott Smith, long-time directors of Angkor, retired effective today’s meeting.  We want to acknowledge their contributions and outstanding service to the Company.  Both expressed their ongoing support of Angkor’s success.

ABOUT Angkor Resources CORPORATION:

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Cambodia.  

The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in Cambodia with multiple prospects in copper and gold.  Both licenses are in their first two-year renewal term.    

Its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometres in the southwest quadrant of Cambodia called Block VIII.   The company then removed all parks and protected areas and added 220 square kilometres, making the license area just over 4095 square kilometres.  EnerCam is actively advancing oil and gas exploration activities onshore to meet its mission to prove Cambodia as an oil and gas producing Nation.  Having completed seismic in 2025, the Company looks to identify drill targets and advance to drilling Cambodia’s first onshore oil & gas exploratory wells shortly thereafter.

CONTACT:   Delayne Weeks – CEO

Email:-   info@angkorresources.com   Website: angkorresources.com  

Telephone: +1 (780) 568-3801

Please follow @AngkorResources on , , , Instagram and .

 

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 release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the anticipated benefits of new leadership expertise, and the Company’s plans to develop its resources and create shareholder value.

In making the forward-looking statements in this news release, the Company has applied certain material assumptions, including without limitation, that the Company will successfully advance the development of its resources and that such efforts will result in creating shareholder value.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that the Company will not advance the development of its resources and that the Company will not create shareholder value.

 

Copyright (c) 2026 TheNewswire – All rights reserved.

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Nuvau Minerals Announces up to $20 Million Brokered Private Placement

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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Nuvau Minerals Inc. (TSXV: NMC,OTC:NMCPF) (the ‘Company’ or ‘Nuvau’) is pleased to announce that it has entered into an agreement with Clarus Securities Inc. and Integrity Capital Group Inc., as co-lead agents and co-lead bookrunners (collectively, the ‘Agents’), in connection with a proposed ‘best efforts’ brokered private placement for aggregate gross proceeds of up to $20,000,000, comprised of the offer and sale of up to (i) 18,750,000 units of the Company (each, a ‘Unit’), at a price of $0.80 per Unit, for gross proceeds of up to $15,000,000, and (ii) 5,000,000 flow-through shares of the Company (each, a ‘FT Share’), at a price of $1.00 per FT Share, for gross proceeds of up to $5,000,000 (together, the ‘Offering’). The Agents will have an option (the ‘Agent’s Option’), exercisable in whole or in part up to 48 hours prior to the Closing Date (as defined herein), to offer for sale up to any combination of additional Units, Common Shares andor Warrants to raise up to an additional $5,000,000 in gross proceeds.

Each Unit will consist of one common share of the Company (each, a ‘Common Share‘) and one-half of one transferrable common share purchase warrant of the Company (each whole warrant, a ‘Warrant‘), with each Warrant entitling the holder thereof to purchase one Common Share at a price of $1.30 per Common Share for a period of 36 months following the closing of the Offering. All FT Shares will be Common Shares that qualify as ‘flow-through shares’ within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the ‘ITA‘) [and section 359.1 of the Taxation Act (Québec)].

The Company intends to use the proceeds of the Offering for working capital and general corporate purposes and for the completion of exploration and development activities at its Matagami property. The gross proceeds from the offering of FT Shares will be used by the Company to incur eligible ‘Canadian exploration expenses’, some portion of which may qualify as ‘flow-through critical mineral mining expenditures’, (as both terms are defined in the ITA) (the ‘Qualifying Expenditures‘) on or before December 31, 2027, which Qualifying Expenditures will be renounced in favour of the subscribers of the FT Shares with an effective date on or before December 31, 2026.

The Units and FT Shares are to be offered for sale by way of private placement in all the provinces of Canada, pursuant to applicable prospectus exemptions under National Instrument 45-106 – Prospectus Exemptions. The Agents will also be entitled to offer the Units for sale to eligible purchasers resident in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), and in those other jurisdictions outside of Canada and the United States provided that such offer and sale does not require the filing of a prospectus or registration statements, or comparable obligation arises in such other jurisdiction.

In consideration for the Agents’ services, the Company will pay to the Agents on the Closing Date a cash commission equal to 6.0% of the gross proceeds of the Offering (including any gross proceeds raised pursuant to the exercise of the Agents’ Option) (the ‘Cash Fee‘); provided that such Cash Fee shall be reduced to 3.0% in respect of the gross proceeds raised from sales to purchasers included on a president’s list to be formed by the Company in consultation with the Agents (the ‘President’s List Purchasers‘). In addition, the Company shall issue to the Agents on the Closing Date, such number of non-transferable compensation options of the Company (the ‘Compensation Options‘) as is equal to 6.0% of the aggregate number of Units and FT Shares sold under the Offering (including pursuant to exercise of the Agents’ Option); provided that such number of Compensation Options shall be reduced to 3.0% of Units and FT Shares sold to subscribers of the President’s List. Each Compensation Option will entitle the holder thereof to purchase one Unit at the Offering Price, at any time and from time to time for a period of 36 months following the Closing Date.

Closing of the Offering is expected to take place on or about February 19, 2026 (the ‘Closing Date‘), and is subject to certain conditions including, but not limited to, the conditional approval of the TSX Venture Exchange. All securities issued under the Offering will be subject to a hold period expiring four months and one day from the Closing Date.

The securities offered have not been registered under the U.S. Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Nuvau

Nuvau is a Canadian mining company, incorporated under the OBCA, currently in the exploration and development phase. Nuvau’s principal asset is its right to earn-in a 100% undivided interest from Glencore in the Matagami property located in Abitibi region of central Québec, Canada pursuant to an amended and restated earn-in agreement dated January 28, 2026 among Nuvau, Nuvau Minerals Corp. and Glencore.

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 the timing and ability of the Company to close the Offering on the terms announced, the proposed use of proceeds of the Offering, the Company’s ability to incur Qualifying Expenditures and renounce the Qualifying Expenditures to subscribers, and the Company’s ability to obtain exchange approval for the Offering. 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, the Company does not undertake 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.

Further Information

All information contained in this news release with respect to the Company was supplied by the respective party for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party.

For further information please contact:

Nuvau Minerals Inc.
Peter Van Alphen
President and CEO
Telephone: 416-525-6023
Email: pvanalphen@nuvauminerals.com

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

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Sranan Gold

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Investor Insight

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 Fed Takes a Wait-and-See Approach

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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.

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