Asara Resources (AS1:AU) has announced Massan indicated conversion programme continues to deliver
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Perth, Australia (ABN Newswire) – Basin Energy Limited (ASX:BSN) (OTCMKTS:BSNEF) reported results from its initial drilling program at the district scale Sybella Barkly Project (‘Sybella Barkly’ or the ‘Project’), confirming sediment-hosted REE anomalism and defining a laterally extensive palaeochannel architecture prospective for channel-hosted roll-front uranium mineralisation.
Key Highlights
– Maiden drilling confirms district-scale, sediment-hosted Rare Earth Element (‘REE’) system potential at Sybella Barkly.
– Total Rare Earth Element Oxides (‘TREO’) mineralisation intersected at 54 metres depth and remains open, highlighting significant upside from limited drilling to date.
o SBDH25021: 2 m @ 1,112 ppm TREO from 54 m to end of hole, including 302 ppm NdPr oxide from 54 m, within broader 5 m @ 850 ppm TREO.
o Neighbouring holes that did not reach a comparable depth, demonstrate similar down hole anomalism with up to 3 m at 534 ppm TREO.
– Geological continuity demonstrated over kilometres of strike. One drill hole ending in the interpreted mineralised horizon leaving the system open in all directions.
– Multiple additional TREO intercepts across widely spaced drill holes confirm a laterally extensive REE system, including:
o SBDH25027: 3 m @ 920 ppm TREO from 32 m within 6 m @ 734 ppm TREO from 29 m; including 6 m @ 135 ppm NdPr oxide
o SBDH25040: 3 m @ 700 ppm TREO from 35 m; including 164 ppm NdPr oxide
o SBDH25098: 9 m @ 584 ppm TREO from 19 m; including 104 ppm NdPr oxide
– Identified mineralisation confirms the concept of REEs being mobilised into the Barkly tablelands sediments, opening an entire new system for exploration.
– Drilling has also defined a coherent multi-kilometre palaeochannel system prospective for roll-front uranium, with uranium anomalism of up to 35 ppm U3O8 intersected within oxidised channel sediments.
– Refined geological model has expanded the prospective footprint and resulted in additional samples from phase 1 being submitted for analysis. Results are expected in late Q1.
– Based on encouraging initial REE results, a follow-up drill program has been approved to test open REE mineralisation, to be undertaken in parallel with first pass drilling of highly prospective hard-rock REE targets.
Phase 1 drilling was completed across the northern half of the Project. Aircore drillholes targeted regional scale electromagnetic (‘EM’) conductors interpreted to be prospective for REE mineralisation and palaeochannel uranium mineralisation. Part of the drilling program was eligible for the Queensland Government CEI grant scheme, where Basin can claim $150,000 toward costs.
This maiden program represents the first systematic drilling of the Project and successfully validates the Company’s geological concept for the district-scale sediment hosted REE and uranium potential, with drill holes spaced kilometres apart. The recognition of the REE mineralisation beneath the initial target horizon is extremely exciting, validating the Company’s concept and taking it to the next level.
Managing Director, Pete Moorhouse commented:
‘With these exciting results from our initial drill campaign, the Board has fast tracked approval for follow-on drilling. The next drill program will test both the sediment hosted REE mineralisation for depth continuity at hole SBDH25021 and the advanced hard rock rare earth prospects near Newmans Bore, akin to the Red Metal Sybella Discovery. This program will commence as soon as weather and conditions permit.
Phase 1 drilling commenced on the most greenfield target set of Basin’s recently acquired Sybella Barkly portfolio, targeting the sediment hosted potential for uranium and REEs. This was completed first to satisfy requirements set by the Queensland Government co-founding exploration incentive that will see Basin receive $150K contribution toward the drilling costs.
Drilling primarily targeted conductive clay horizons, however, our best REE anomalism was intersected underneath this horizon. Drillhole SBDH25021, which ended in 2 metres of over 1,100 ppm TREO below this horizon, leaves fantastic upside in all directions. Surrounding drillholes that failed to drill underneath the clay horizons, confirmed the presence of laterally extensive geochemical anomalism associated with the same upper sequence, further supporting the target. This data proves the concept that the REE-rich Sybella granites are shedding and mobilising REE throughout the expansive sediments of the Barkly tablelands and supports further drilling.
From a uranium perspective, we successfully defined an extensive coherent palaeochannel system capable of transporting and concentrating uranium. Considering the presence of multiple metres of strongly anomalous uranium within these sediments, this demonstrates a potential active system, with the next steps being to follow the channels to find the favourable reduced environments suitable to act as a trap. The potential for a South Australian Frome Basin style system here in Queensland is tangible.’
District Scale Sediment-Hosted REE System Confirmed
Basin’s maiden drill program identified REE anomalism across several drill holes and stratigraphic horizons (Figures 1 & 2*). Critical to the exploration of the Project, drilling has identified a prospective horizon underneath the previous target zone of the airborne EM conductor. This horizon is located directly beneath a thick red clay sequence, in which the majority of holes terminated within. Drillhole SBDH25021 is one a of few drillholes of the program that drilled through the oxidised horizon and ended in mineralisation directly beneath:
– SBDH25021: 2 m @ 1,112 ppm TREO including 2 m @ 302 ppm NdPr oxide from 54 m to the end of hole within a broader 5 m @ 850 ppm TREO from 51 m.
Drill hole SBDH25023, located approximately 2 km to the southwest, stopped at the base of the red clay sequence however returned an elevated value of 2 m at 390 ppm TREO at the end of hole, importantly showing anomalism in the same stratigraphic horizon to hole SBDH25021.
A further 3.5 km to the west, hole SBDH25022 drilled through the red clays into a gravel unit, which also demonstrated anomalous TREO of 3 m at 534 ppm from 32 m. These are the only holes to drill through the red clays in this region, and all show increased TREO levels as the hole approaches the prospective horizon (Figures 1 and 2*).
Anomalous neodymium and praseodymium oxide (‘NdPr oxide’) values are associated with these intercepts, supporting the potential magnet REE content. Refer to Appendix 2* for drillhole collar information and Appendix 3* for assay results.
Other significant intercepts from the program, as defined for the highlights as over 500 ppm TREO over 3 metres, include:
o Drillhole SBDH25027: 3 m @ 920 ppm TREO from 32 m within 6 m @ 734 ppm TREO from 29 m; including 6 m @ 135 ppm NdPr oxide.
o Drillhole SBDH25040: 3 m @ 700 ppm TREO from 35 m; including 164 ppm NdPr oxide.
o Drillhole SBDH25098: 9 m @ 584 ppm TREO from 19 m; including 104 ppm NdPr oxide.
o Drillhole SBDH25093: 3 m @ 546 ppm TREO from 19 m.
Drilling has established a laterally extensive sediment-hosted prospective REE system using very wide spaced drill holes, typically over 1 kilometre apart. Geological and geochemical relationships indicate that the potential for further, higher-grade TREO exists, especially directly beneath the red clay zone as shown in figure 1*.
This revised targeting and lithological relationship has prompted the Company to expand its geochemical sampling program, with additional prospective samples being submitted for analysis. The initial sampling regime had been based on the conductive clay target model. Additionally, individual metre samples have been selected and submitted for higher resolution analysis of intervals of interest, critical for understanding mineral controls and distribution.
Palaeoflow directions data indicates that the system may extend directly south where no EM data exists to map the clays and channels. As part of this, Basin is assessing options for obtaining geophysics to map the southern extensions to the EM coverage.
Palaeochannel Architecture and Uranium Prospectivity Defined
Phase 1 drilling has delineated a coherent palaeochannel system characterised by stacked sands and basal gravels, interpreted to represent a significant palaeodrainage network with a broad north-south palaeoflow direction. Key observations include:
– Consistent channel architecture across kilometre-scale strike
– Widespread oxidised and bleached sands indicative of sustained groundwater flow
– Elevated uranium values locally associated with channel sands and basal gravels, with results of up to 35 ppm U3O8 over 3 m (Figure 3*), representing approximately 10 times background.
Drillhole SBDH25027 returned 14 m @ 18 ppm U3O8, including 3 m @ 25 ppm U3O8 from 29 m and 3 m at 35 ppm U3O8 from 32 m. Strongly anomalous vanadium values were also returned for this interval, including a peak of 480 ppm from 29 to 32 m.
Step-out drilling along these interpreted channels demonstrates a transition from a clean, highly permeable white sand unit proximal to the Sybella Granites, to oxidised channel facies with evidence for uranium mobilisation providing a clear geological and geochemical vector toward more prospective reduced environments that remain untested to the south.
Chip tray observations indicate the drilled palaeochannel sediments are predominantly oxidised and locally bleached, with no obvious reduced (grey/green) facies observed in the intervals drilled to date. This is consistent with the oxidised transport domain of a roll-front system, and suggests the potential reduced trap remains untested further down-gradient.
The EM data has proven to be an excellent tool in palaeochannel mapping, which allows follow-up on distal drilling down hydraulic gradient, along with systematic fenceline drilling.
Next District Scale Target – Granite Hosted REE Potential
Basin has completed access arrangements to allow Phase 2 drilling; which will target the hard rock potential of the various granites comprising the Sybella Batholith. These rocks are known to contain zones of enriched REE, including the Red Metal (ASX:RDM) owned Sybella Discovery (4.795 Bt @ 302 ppm NdPr using a 200 ppm NdPr cutoff grade).
A shallow proof of concept auger drill hole program was completed in 2023 on the project area which demonstrated the presence of strongly anomalous REEs, refer figures 4 and 6*. A total of 82 auger holes were completed, with a maximum hole depth of 18 m and several of which were never assayed.
Strong REE anomalism was identified across three prospects (Figure 4*) with the best anomaly being 5 m at 1,951 ppm TREO with 578 ppm NdPr oxide from 4 m to the end of hole. Drilling at Newman’s prospect highlighted a 3.7 km strike length prospective zone where drilling returned TREO values >1,000 ppm.
These results are very significant, considering all were reported to the end of holes (auger blade refusal), and the analogy in the geochemical anomaly of the Red Metal’s Sybella deposit, refer figure 5 and 6*.
Additionally, the newly completed drilling has identified elevated TREOs in the drainage system directly west of Newmans, refer figure 1*. This appears to demonstrate a different signature to the sediment hosted REE anomalism and instead has a correlation with sand and gravels. This could be interpreted as direct mobilisation from the mineralised granites at Newmans.
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/5UE5S6DT
About Basin Energy Ltd:
Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is a green energy metals exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada and has recently acquired a significant portfolio of Green Energy Metals exploration assets located in Scandinavia.
Source:
Basin Energy Ltd
Contact:
Pete Moorhouse
Managing Director
pete.m@basinenergy.com.au
+61 7 3667 7449
Chloe Hayes
Investor and Media Relations
chloe@janemorganmanagement.com.au
+61 458619317
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The United Kingdom is blocking the Trump administration from using its military air bases for a possible attack on Iran over concerns that a strike could violate international law.
A report by The Times said the U.S. was drawing up a report to use Royal Air Force base Fairford in England, which is home to America’s fleet of heavy bombers in Europe.
President Donald Trump reportedly spoke with British Prime Minister Keir Starmer on Tuesday about the plans. U.K. officials were reportedly worried that giving the United States permission to use the RAF bases for a military attack could breach international law, according to The Times.
‘Should Iran decide not to make a Deal, it may be necessary for the United States to use Diego Garcia, and the Airfield located in Fairford, in order to eradicate a potential attack by a highly unstable and dangerous Regime,’ Trump wrote on Truth Social Wednesday.
‘An attack that would potentially be made on the United Kingdom, as well as other friendly countries. We will always be ready, willing, and able to fight for the U.K., but they have to remain strong in the face of Wokeism, and other problems put before them.’
Trump has pressed for Tehran to make a deal with the U.S. over its nuclear program.
‘President Trump’s first instinct is always diplomacy, and he has been clear that the Iranian regime should make a deal,’ a White House official told Fox News Digital. ‘Of course, the President ultimately has all options at his disposal, and he demonstrated with Operation Midnight Hammer and Operation Absolute Resolve that he means what he says.’
Sen. Lindsey Graham, R-S.C., said the use of British military bases against Iran is a ‘necessity for an attack — it would be beyond surprising.’
‘The bottom line is the largest state sponsor of terrorism on the planet is the weakest it’s been because the people of Iran have risen up by the millions to end their oppression and the United States and Israel have delivered crushing blows to the regime’s military infrastructure,’ Graham wrote on X.
‘To my friends in Britain, sitting this one out puts you on the wrong side of history and is yet another example of how much our alliances throughout Europe have degraded.’
On Thursday, Trump told reporters Iran has a maximum of 15 days to make a deal or ‘it’s going to be unfortunate for them.’
Washington and Britain have been in a rift over the use of Britain’s air bases. Under the terms of long-standing agreements with Washington, the bases can only be used for military operations against third countries that have been agreed in advance with the government, according to The Times.
On Wednesday, Trump withdrew his support for Starmer’s deal to hand the Chagos Islands to Mauritius. However, a deal would allow the U.K. to keep control of Diego Garcia and its strategically important air base.
‘Our relationship with the United Kingdom is a strong and powerful one, and it has been for many years, but Prime Minister Starmer is losing control of this important island by claims of entities never known of before. In our opinion, they are fictitious in nature,’ Trump wrote Wednesday.
‘Prime Minister Starmer should not lose control, for any reason, of Diego Garcia, by entering a tenuous, at best, 100-year lease,’ he added. ‘This land should not be taken away from the UK and, if it is allowed to be, it will be a blight on our great ally.’
The U.S. uses Diego Garcia for bombers operating in the Middle East and Asia.
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Iran has a short window to agree to a deal with the U.S., President Donald Trump said Thursday, before warning that the situation could soon shift if negotiations fail.
The talks focus largely on curbing Tehran’s advancing nuclear program, which U.S. officials say has moved closer to weapons-grade enrichment.
The U.S. and Israel also want Iran to give up its long-range ballistic missiles, stop supporting groups around the Middle East and stop using force against protesters inside Iran.
‘We’re going to make a deal, or we’re going to get a deal one way or the other,’ Trump told reporters aboard Air Force One, signaling determination to secure an agreement.
While declining to specify whether the ultimate goal is the complete dismantling of Iran’s nuclear program, Trump made clear there would be consequences if diplomacy falls short.
‘We’re either going to get a deal, or it’s going to be unfortunate for them,’ he said.
Trump suggested the window for a breakthrough is narrowing, indicating Iran has no more than ’10, 15 days, pretty much maximum’ to reach an agreement.
Trump spoke as negotiation efforts with Tehran remain ongoing.
Although Trump has repeatedly expressed hope for a deal, indirect talks in Geneva have yielded mixed feedback.
Trump said ‘good talks are being had,’ and a senior U.S. official said Iran would make a written proposal on how to address U.S. concerns, Reuters reported.
‘I believe we made good progress,’ said Abbas Araghchi, the head of the Iranian delegation in Geneva. ‘The path toward an agreement has started, but we will not reach it quickly.’
Vice President JD Vance, however, said in an interview with Fox News that ‘red lines’ were set.
‘In some ways, it went well. They agreed to meet afterward,’ Vance said. ‘But in other ways, it was very clear that the president has set some red lines that the Iranians are not yet willing to actually acknowledge and work through. So, we’re going to keep on working it.’
According to The Associated Press, Iran has resisted broader U.S. and Israeli demands to curb its missile program and cut ties with armed regional groups.
Trump’s comments also coincided with Iran’s annual military drills with Russia on Thursday as a second U.S. aircraft carrier moved closer to the Middle East.
Similarly, Iranian Supreme Leader Ayatollah Ali Khamenei warned of military action despite ongoing talks.
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Last year when President Donald Trump helped broker a ceasefire agreement between Thailand and Cambodia, he took a victory lap.
‘Who else could say, ‘I’m going to make a phone call and stop a war between two very powerful countries, Thailand and Cambodia?” he said.
Now, that agreement appears under strain, as Cambodian Prime Minister Hun Manet told Fox News Digital that Thai forces have pushed into long-held Cambodian territory beyond the line of dispute. Thai soldiers have sealed off villages with barbed wire and shipping containers, leaving 80,000 Cambodian locals unable to return home, according to Cambodian officials.
‘The occupation is beyond even Thailand’s unilateral claim,’ Manet said. ‘Many of the villagers cannot go back to their hometowns.’
Cambodia and Thailand have sparred for decades over sections of their 500-mile land border, much of which was drawn during the French colonial era and later interpreted differently by Bangkok and Phnom Penh. The dispute has periodically flared into armed clashes, particularly around areas near historic Khmer temple sites and rural villages where demarcation remains incomplete.
Tensions escalated again last year, with fighting breaking out along contested stretches of the frontier and displacing thousands of civilians on both sides. The clashes prompted diplomatic intervention and culminated in a ceasefire agreement brokered with U.S. involvement during an ASEAN summit in Kuala Lumpur.
Images and local reporting from the most recent fighting show damage to structures near the frontier, including at or near the UNESCO-listed Preah Vihear temple complex — raising concerns about the safety of cultural heritage sites caught in contested zones. Cambodian officials have blamed Thai forces for the damage, while Thai officials have denied deliberately targeting religious or cultural landmarks, saying military operations were limited to contested security areas.
The Thai embassy could not be reached for comment on this interview.
Still, Manet declined to threaten military retaliation. ‘Our position is to always stick to peaceful resolutions,’ he said. ‘We don’t believe that using war to stop a war is sustainable or practical.’
Thailand, with a population of more than 70 million — roughly four times Cambodia’s 17 million — maintains a significantly larger and better-equipped military, raising the stakes of any renewed conflict.
With fighting again threatening fragile stability along the frontier, Manet traveled to Washington this week for the inaugural meeting of Trump’s Board of Peace.
‘The Board of Peace can play an active role in promoting peace, stability and normalcy between Cambodia and Thailand,’ he said.
Hun Manet took office in 2023, succeeding his father, Hun Sen, who ruled Cambodia for nearly four decades. The leadership transition marked the first formal handover of power in decades, though the ruling Cambodian People’s Party has maintained firm control over the country’s political system amid longstanding criticism from rights groups about limits on opposition activity.
A graduate of the U.S. Military Academy at West Point, Manet has sought to maintain close ties with China while cautiously reopening channels with Washington, including restoring joint military exercises that had been suspended in 2017.
As Cambodia navigates tensions with Thailand, it is also balancing relations between Washington and Beijing.
Manet said navigating ties with competing world powers ‘doesn’t have to be a zero-sum game’ and that Cambodia, as a smaller nation, cannot afford to ‘choose one country against the other.’
That balance has centered in part on Ream Naval Base, a strategic facility on Cambodia’s southern coast rebuilt with Chinese financing.
The USS Cincinnati docked at Ream in late January, marking the first U.S. warship visit since the base was renovated with Chinese funding and technical support. The visit was marked by a striking visual: the USS Cincinnati docked roughly 150 meters from a Chinese naval vessel already moored at the base. For years, U.S. officials have raised concerns that Cambodia had granted China exclusive access.
But Manet insisted the base remains under Cambodian control. ‘Our constitution says that no foreign military base [can] be situated on Cambodian soil.’
The U.S. visit, he said, ‘clearly shows that Cambodia is not exclusively used as a naval base for cooperation with China.’
Manet also confirmed that annual U.S.-Cambodia military exercises known as Angkor Sentinel, suspended in 2017, are set to resume this year — signaling warming defense ties. ‘We hope to have expanding cooperation with the U.S.’
In recent years, Cambodia has emerged as a hub for large-scale online scam operations, including so-called ‘pig butchering’ schemes that have defrauded victims worldwide — including Americans — out of billions of dollars. U.S. authorities have sanctioned Cambodian-linked entities tied to crypto fraud and pressed Phnom Penh to intensify enforcement efforts amid concerns about trafficking and forced labor linked to some compounds.
Manet said his government has stepped up cooperation with U.S. authorities and recently worked with the FBI to dismantle a major operation.
‘We have recently worked with the FBI cracking on a major case involving one of the Oknyaks,’ he said, referring to an influential Cambodian figure. ‘We arrested him, and we closed down one of the big compounds.’
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Ontario is moving to accelerate one of Canada’s largest emerging gold projects, cutting permitting timelines in half for Kinross Gold’s (TSX:K,NYSE:KGC) Great Bear development in the Red Lake district.
The province announced that Great Bear will be designated under its new One Project, One Process (1P1P) framework, a streamlined approval system aimed at reducing government review times by 50 percent.
Located approximately 24 kilometers southeast of Red Lake in Northwestern Ontario, Great Bear is designed as a high-grade, combined open-pit and underground operation with an initial mine life of 12 years.
According to Kinross, the project is expected to produce more than 500,000 ounces of gold annually during its peak years, alongside potential initial production of 5.3 million ounces.
Great Bear has longer-term expansion potential supported by ongoing exploration.
Kinross acquired the project in 2022 through its purchase of Great Bear Resources before any formal mineral resource estimates had been completed. Major construction is expected to begin in 2027, with first output targeted for 2029.
“At a time of global economic uncertainty, Ontario is choosing to build — to build faster, to build more at home, and to build Canada’s self-reliance,” said Stephen Lecce, Ontario’s minister of energy and mines.
The project represents more than US$5 billion in capital investment and is expected to create 900 jobs during its operational life, with peak employment reaching 1,100 workers. Thousands of additional construction and indirect jobs are anticipated during the buildout phase, which is set to run between 2027 and 2029.
“The ‘One Project, One Process’ designation marks an important milestone for the Great Bear Project and reflects Ontario’s leadership in creating the right conditions for responsible, long-term mining investment,” CEO J. Paul Rollinson said, also noting that Great Bear could become one of Canada’s ‘largest and most profitable gold mines.’
The 1P1P framework is designed to address what the province has described as an outdated and fragmented permitting system that previously caused delays of up to 15 years before a mine could open.
Under the new model, the Ministry of Energy and Mines acts as a single point of contact to coordinate provincial approvals and Indigenous consultation, while maintaining the Crown’s duty to consult. The designation also complements broader infrastructure efforts in the region, including consultation on the proposed Red Lake Transmission Line, which would connect Dryden to Red Lake and support new mines and growing communities.
Ontario’s mining sector currently supports 28,000 direct jobs and 46,000 indirect jobs.
The province generated US$13 billion worth of minerals in 2024 and remains Canada’s top mineral producer, with gold accounting for a significant share of output.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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Centralized crypto exchanges are blending TradFi with crypto, and the data shows it’s catching on fast.
TradFi tokenization, where digital tokens represent traditional assets on a blockchain, allows investors to trade stocks, bonds, commodities and other off‑chain instruments on a crypto exchange.
Users also often benefit from 24/7 markets and lower barriers to entry.
Bitget, a centralized cryptocurrency exchange founded in 2018 that offers a range of crypto‑native products, launched Bitget TradFi in January, opening tokenized access to global forex, commodities, indexes, metals and stock contracts for differences under its Universal Exchange framework.
According to Bitget’s January 2026 Transparency Report, Bitget users traded U$4 billion per day in tokenized TradFi products. Additionally, daily TradFi trading volume doubled from US$2 billion in just two weeks, marking a clear shift in how centralized exchanges (CEXs) are expanding beyond crypto-only markets.
Crypto remained the main business for Bitget, accounting for 88.25 percent of total platform volume, while roughly 11 to 12 percent of all Bitget trading volume came from tokenized TradFi products.
The findings indicate that exchanges are becoming hybrid platforms for tokenized versions of traditional financial instruments alongside Bitcoin, Ether and other altcoins.
The reshaping of the crypto ecosystem
Bitget CEO Gracy Chen said that the January numbers show users prefer to manage most of their positions through a single account, reducing boundaries between so-called crypto hours and market hours.
Chen sees a division of roles for the long-term balance:
“CEXs concentrate most of the liquidity and make execution predictable, as one operator is accountable for controls, surveillance and incident response. DeFi, in turn, ensures the open settlement layer where assets can be reused across lending, trading and where new risk tools are deployed way faster since integration is permissionless.
“TradFi growth, as we read it, also means more activity moving into tokenized FX, metals and indices, which increases stablecoin settlement demand and creates exactly those steady hedging needs. Over time, this supports onchain lending liquidity, funding and basis trades, and more sophisticated collateral management inside protocols and wallets.”
This symbiotic setup relies on CEXs proving they can be trusted custodians.
Beyond volume, Bitget’s proof‑of‑reserves disclosures show how big exchanges can leverage strong balance sheets and on‑chain checks as a selling point. Bitget’s average reserve ratio of 163 percent, with Bitcoin at 254 percent and Ether at 161 percent, signals that top CEXs can now credibly claim they hold more than enough to cover user deposits.
The fact that users can verify their inclusion in the proof‑of‑reserves snapshot also suggests transparency is becoming a baseline expectation. That lines up with Bitget’s Universal Exchange strategy. For the industry, liquidity and users are being pulled into centralized gateways, but only if integrity holds.
“Tokenized exposure needs plain-English terms on what the instrument represents, robust price formation (including oracle design and safeguards) and transparent margin and liquidation mechanics,” Chen continued.
“If those pieces are in place, TradFi volume could translate into recurring onchain usage. If they’re weak, the activity risks being short-cycle and not getting a wider spread.”
Rather than replacing DeFi, Bitget may force DeFi to specialize in plumbing, liquidity pools, oracles and settlement rails, while CEXs capture the bulk of retail demand for easy, regulated‑adjacent exposure to global markets.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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(TheNewswire)
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February 19, 2026 TheNewswire Muskoka, Ontario Steadright Critical Minerals Inc. (CSE:SCM,OTC:SCMNF) (‘Steadright’ or the ‘Company’) is pleased to announce that it has arranged non-brokered private placement offerings of units for gross proceeds of up to $2,500,000 (the ‘Offering’).
Under the Offering, the Company will issue up to 10,000,000 units (‘Units‘) at a price of $0.25 per Unit. Each Unit will consist of one (1) common share and one (1) common share purchase warrant (a ‘Warrant‘). Each Warrant will entitle the holder to purchase one (1) additional common share at an exercise price of $0.31 per Warrant for a period of twenty-four (24) months following the closing date.
The proceeds from the Offering will be used for general working capital and corporate purposes and the private placement may close in tranches.
All securities issued in connection with the Offering will be subject to a statutory hold period of four (4) months and one (1) day from the date of issuance in accordance with applicable securities legislation. The Offering remains subject to regulatory approvals, including approval from the Canadian Securities Exchange, as applicable.
The Company may pay finder’s fees to eligible parties in connection with the Offering in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.
Steadright CEO, Matt Lewis, notes:
1. ‘The new Website and February Presentation Deck can be found at www.steadright.ca. Please give them both a good look.’
2. ‘I will be at the Prospectors and Developers Association Convention (PDAC) for its duration and will be doing meetings close by with shareholders and other interested parties. If you’d like to meet, please get in contact (see email and numbers below) and I look forward to our chat.’
ABOUT Steadright Critical Minerals INC.
Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright has been focused since late spring 2025 on finding exploration and historical mining projects that can be brought into production within the Moroccan critical mineral space. Steadright currently has exposure through a Moroccan entity known as NSM Capital Sarl, with over 192 sq KMs of mineral exploration claims called the TitanBeach Titanium Project, and found in the Southern Provinces of Morocco. Steadright also has signed a Binding MOU for the historic Goundafa Mine within the Kingdom of Morocco, has acquired the Copper Valley historic copper-lead-silver project and has an LOI with SilverLine Mining Sarl.
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, please contact:
Matt Lewis
CEO & Director
Steadright Critical Minerals Inc.
Email: enquiries@steadright.ca
Tel: 1-905-410-0587
Website and Presentation Deck: www.steadright.ca
Neither the Canadian Securities Exchange (the ‘CSE’) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information in this release includes, but is not limited to, statements regarding the completion and size of the Offering, the expected use of proceeds, the potential payment of finder’s fees, the receipt of all necessary regulatory approvals, and the Company’s business plans and exploration objectives. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Steadright to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: the risk that the Offering may not be completed or may not be completed on the terms described herein; the use of proceeds may differ from management’s current expectations; the risk that regulatory approvals may not be received in a timely manner, or at all; risks related to the junior mining and exploration industry generally; fluctuations in commodity prices; access to financing on acceptable terms; general economic, market and business conditions; and changes in laws and regulations. Although Steadright has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Forward-looking information contained herein is based on management’s current expectations, estimates, projections, assumptions and beliefs, and is provided as of the date of this news release. Steadright does not undertake to update any forward-looking information, except as required by applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities 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 unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
Not for distribution to United States Newswire Services or for dissemination in the United States
Copyright (c) 2026 TheNewswire – All rights reserved.
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Oreterra Metals Corp. (TSXV: OTMC,OTC:RMIOD) (OTCID: OTMCF) (OTCID: RMIOD) (FSE: D4RO) (WKN: A421RQ) (‘Oreterra’ or the ‘Company’) (previously, ‘Romios Gold Resources Inc.’) is pleased to announce that, due to continued significant demand, the non-brokered private placement financing announced on February 10, 2026, upsized on February 12, 2026, and further upsized on February 18, 2026, will be again be further increased by up to $500,000 for aggregate gross proceeds of up to $9,500,000 through the issuance of a combination of up to $5,500,000 in hard-dollar units (‘HD Units’) of the Company at a price of $0.45 per HD Unit and up to $4,000,000 in flow-through units (‘FT Units’) at a price of $0.50 per FT Unit (collectively, the ‘Offering’). Closing of the Offering is scheduled for February 27, 2026.
Insiders may subscribe for up to 5% of the Offering. Such insider private placements will be exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (‘MI 61-101‘) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company which will be issued to the insiders will not exceed 25% of its market capitalization.
Financing Details:
Each HD Unit, priced at $0.45, comprises of one (1) common share of the Company and one (1) common share purchase warrant (each a ‘HD Warrant‘). Each HD Warrant will entitle the holder thereof to acquire one additional common share of the Company at an exercise price of $0.60 per share for three years following the closing of the Offering.
Each FT Unit, priced at $0.50, comprises of one (1) common flow-through share of the Company (each a ‘FT Share‘), and one (1) common share purchase warrant (each an ‘FT Warrant‘). Each FT Warrant will entitle the holder thereof to acquire one additional common share of the Company at an exercise price of $0.60 per share for three years following the closing of the Offering.
The Company may pay eligible finders a fee of 6% of the proceeds from the sale of HD Units or FT Units in cash or securities, or a combination of both, subject to the rules of the TSX Venture Exchange (the ‘TSXV‘).
The FT Shares will qualify as ‘flow-through shares’ (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the ‘Tax Act’). An amount equal to the gross proceeds from the issuance of the FT Shares will be used to incur eligible resource exploration expenses which will qualify as (i) ‘Canadian exploration expenses’ (as defined in the Tax Act), and (ii) as ‘flow-through critical mineral mining expenditures’ (as defined in subsection 127(9) of the Tax Act) (collectively, the ‘Qualifying Expenditures‘). Qualifying Expenditures in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares will be incurred (or deemed to be incurred) by the Company on or before December 31, 2027 and will be renounced by the Company to the initial purchasers of the FT Shares with an effective date no later than December 31, 2026. The net proceeds from the issuance of HD Units will be primarily used for exploration activities at the Company’s Trek property, as well as for general working capital purposes.
It is expected that the Offering will close on or before February 27, 2026, or such other date or dates that the Company may determine (the ‘Closing Date‘), subject to the receipt of all required regulatory approvals, including the approval of the TSXV. All securities issued in connection with the Offering will be subject to a hold period of four months and one day from the Closing Date, in accordance with applicable Canadian securities laws. The securities described herein 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 accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.
About Oreterra Metals Corp.
Oreterra Metals Corp. commenced trading on February 2, 2026, under the new ticker OTMC, following a months-long effort to restructure the former Romios Gold Resources Inc.. Management took on the task because it believes the Company’s wholly-owned Trek South porphyry copper-gold prospect represents, based upon the impressive results of the spectrum of geosciences applied to the target area to date, among the finest new targets of its kind in BC’s Golden Triangle. The Company recently released (news, January 22, 2026) a National Instrument 43-101 Technical Report for the Trek property which recommends two initial phases of drilling at Trek South, for execution in the approaching 2026 field season. A copy of the Technical Report is available on the Company’s website at www.oreterra.com, and on the Company’s SEDAR+ issuer profile at www.sedarplus.ca.
Additional wholly-owned Company property interests include two former producers in Nevada: the Kinkaid claims in the Walker Lane trend covering numerous shallow Au-Ag-Cu workings over what is believed to be one or more porphyry centres (source: J.Biczok, P.Geo, June 2025, Kinkaid Gold-Copper-Silver Project, www.oreterra.com), and the Scossa mine property in the Sleeper trend which is a former high-grade gold producer (source: J.Biczok, P.Geo, July 2025, Scossa Historic Gold Mine Property, www.oreterra.com). The Company also holds a 100% interest in the large Lundmark-Akow Lake Au-Cu property adjacent to the northwest of the Musselwhite Mine in northwestern Ontario, where drilling by the Company has produced highly encouraging, broad VMS-style Au-Cu intersections.
For further information visit www.oreterra.com or contact:
Kevin M. Keough
Chief Executive Officer
Tel: 613 622-1916
Email: kkeough@oreterra.com
Stephen Burega
President
Tel: 647 515-3734
Email: sburega@oreterra.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain ‘forward-looking statements’ which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as ‘believes’, ‘anticipates’, ‘expects’, ‘estimates’, ‘may’, ‘could’, ‘would’, ‘will’, or ‘plan’. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
NOT FOR DISSEMINATION, DISTRIBUTION, RELEASE, OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284585
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President Donald Trump welcomed leaders from around the world on Thursday as he hosted the inaugural meeting of the Board of Peace in Washington, D.C.
One country that would not be joining the board but will be hosting a related event is Norway.
The U.S. president announced the plan for Norway to host a meeting on Palestinian aid during the inaugural meeting of the board Thursday. However, as he announced Norway’s plans, he joked about getting the Nobel Peace Prize.
‘I’m excited to announce that Norway has agreed to host an event bringing together the Board of Peace. Oh, I thought when I saw this note, ‘I’m excited to announce that Norway,’ I thought they were going to say that they’re giving me the Nobel Prize. Oh, this is less exciting,’ Trump quipped.
‘Oh, it says, ‘I’m excited to announce that Norway,’ and I’m saying, ‘Oh, great, I’m getting the Nobel Prize. Finally, finally, they got it right.’ But I don’t care, I don’t care about the Nobel Prize. I care about saving lives.’
Trump received several nominations for the prize. However, they were declared past the Nobel Committee’s nomination deadline. In the end, the award was given to then-exiled Venezuelan opposition leader María Corina Machado.
After the capture of Venezuela’s dictatorial leader Nicolás Maduro, Machado came to the U.S., where she met with Trump and presented him with her Nobel Peace Prize.
‘I presented the president of the United States the medal … the Nobel Peace Prize, and I told him, ‘Listen to this, 200 years ago, General Lafayette gave Simón Bolívar a medal with George Washington’s face on it,’ Machado said while speaking at the U.S. Capitol in January.
‘He kept that medal for the rest of his life. Actually, when you see his portraits, you can see the medal.’
She said Lafayette gave the medal to Bolívar as a symbol of the partnership between the people of the U.S. and the people of Venezuela and their shared fight for freedom against tyranny.
Trump thanked Machado for the medal in a post on Truth Social.
‘It was my Great Honor to meet María Corina Machado, of Venezuela, today,’ Trump wrote. ‘She is a wonderful woman who has been through so much. María presented me with her Nobel Peace Prize for the work I have done. Such a wonderful gesture of mutual respect. Thank you María!’
Norway has said it would not join the Board of Peace. However, it will convene its Ad-Hoc Liaison Committee (AHCL) for Palestinian aid, according to The Times of Israel. The outlet noted that Norway has led the AHCL for decade. It was established in the wake of the Oslo Accords, which were also aimed at ending the Israel-Hamas conflict.
A spokesperson for the Norwegian Foreign Ministry told The Times of Israel that Norway ‘remains firm’ in its position against joining the Board of Peace.
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