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West High YieldResources Ltd. Corporate Update: Initial Reclamation Bond Posted, Permit Conditions Advancing, and Construction Pathway Strengthening for 2026

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West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the ‘Company’ or ‘West High Yield’) is pleased to provide a corporate update highlighting the posting of the initial reclamation bond for its Record Ridge magnesium and critical minerals project (the ‘Record Ridge Project’ or the ‘Project’) located 10 kilometers southwest of Rossland, British Columbia, along with ongoing advancement of key permit conditions and pre-construction activities. Since receiving its Mines Act permit from the British Columbia Ministry of Mines and Critical Minerals (the ‘Permit’) for the Project, the Company has accelerated work across regulatory, environmental, engineering, and capital planning streams in preparation for targeted construction mobilization in the second quarter of 2026.

Initial Reclamation Bond Posted – Advancing Permit Condition Fulfillment

West High Yield has formally completed the first phase of the reclamation bond with the British Columbia Ministry of Mines and Critical Minerals, fulfilling a key British Columbia Mines Act Permit requirement and a key marker of de-risking the Record Ridge Project. This milestone:

  • reduces regulatory timeline uncertainty;
  • confirms alignment with provincial environmental and closure requirements; and
  • progresses the Project toward full construction authorization.

‘We continue to move the Record Ridge Project forward in a disciplined and structured manner,’ stated Frank Marasco, President & CEO of West High Yield. ‘Posting the initial reclamation bond and executing the early-stage Permit requirements demonstrate our commitment to responsible development and to maintaining strong momentum following the issuance of the Mines Act Permit.’

Environmental and Groundwork Activities Strengthen 2026 Construction Readiness

Since the issuance of the Permit, the Company has advanced a sequence of pre-development tasks required ahead of site mobilization, including:

  • a comprehensive vegetation audit covering the access corridor and mine footprint;
  • tree marking and footprint delineation to refine the disturbance boundaries and engineering detail; and
  • baseline site-preparation work to support final design and contracting.

These activities advance the Company toward the Project construction readiness, enabling mobilization in the second quarter of 2026 subject to final financing and regulatory coordination.

Strategic Capital Pathway: Government Programs and Private Financing Advancing

The Company is actively advancing both government and private-sector financing initiatives as part of its structured capital strategy for the Record Ridge Project. This includes ongoing engagement with Federal and Provincial critical mineral funding programs, as well as continued discussions with institutional lenders, international strategic groups, and private investors seeking long-term exposure to magnesium and related critical minerals.

These financing pathways are intended to support the phased development of Record Ridge, including initial mine construction and future downstream processing opportunities within Canada’s growing critical-minerals supply chain.

Record Ridge Positioning

The Record Ridge Project remains well positioned as one of the few permitted critical mineral projects of its scale in Canada. The Company continues to advance the technical, regulatory, and financial work required to transition the Project toward phased development and long-term integration into the North American critical minerals supply chain.

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101‘) Preliminary Economic Assessment technical report (titled ‘Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada’) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

Qualified Person

Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist, is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

Contact Information:

West High Yield (W.H.Y.) RESOURCES LTD.
Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488
Email: frank@whyresources.com

Barry Baim, Corporate Secretary
Telephone: (403) 829-2246
Email: barry@whyresources.com

Cautionary Note Regarding Forward-looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276662

News Provided by Newsfile via QuoteMedia

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Sankamap Metals

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Investor Insight

Sankamap Metals offers exposure to new copper–gold discovery potential in one of the last underexplored regions of the Ring of Fire, with two fully owned, drill-ready assets positioned along a world-class mineral belt.

Company Highlights

  • Two 100 percent owned copper and gold properties – Kuma and Fauro – within a highly prospective copper-gold trend in the Solomon Islands.
  • Drill-ready targets supported by strong historical sampling, including grab samples up to 11.7 percent copper, 13.5 grams per ton (g/t) gold at Kuma, and 173 g/t gold; plus, drill intercepts of 35 m at 2.08 g/t gold at Fauro.
  • Strategically located along the same mineral belt as major deposits, including Newmont’s 71.9 Moz Lihir gold mine.
  • Underexplored mining-friendly jurisdiction with strong government support and established local workforce.
  • Large-scale system potential, including a km-scale copper-gold anomaly at Kuma and multiple high-grade epithermal and porphyry-style targets at Fauro.
  • Inaugural drilling at Kuma, scheduled to begin in January 2026, marking a major catalyst for the project.
  • Strong technical leadership, with a management team that has collectively raised over $1 billion and delivered significant shareholder returns.

Overview

Sankamap Metals (CSE: SCU) is a Canadian exploration company advancing the Oceania Project, a high-impact copper–gold opportunity in the mineral-rich South Pacific. The project includes two fully permitted properties – Kuma and Fauro – in the Solomon Islands, one of the last untapped frontiers of the Pacific Ring of Fire.

The company’s land package is strategically positioned near world-class deposits, such as Newmont Mining’s 71.9 Moz Lihir gold mine and Bougainville Copper’s historic Panguna deposit with 19.3 Moz gold and 5.3 Mt copper resources.

CEO John Florek investigating mineralized outcrop at Kuma property during the summer site visit

Kuma and Fauro are 100 percent owned and drill-ready. Both assets benefit from compelling historical sampling, large-scale geophysical anomalies, and district-scale geological characteristics that support the potential for major porphyry and epithermal systems.

The company focuses on systematic exploration, delineating high-priority drill targets to unlock discovery opportunities. With strong national support for mining and a leadership team deeply experienced in major global jurisdictions, Sankamap is well positioned to generate early and meaningful shareholder value as exploration advances.

Key Properties

Kuma Property

The Kuma property spans 43 sq km and lies 37 km southeast of Honiara on Guadalcanal Island. The property is considered a highly compelling drill-ready porphyry target. Historical sampling returned values up to 11.7 percent copper and 13.5 g/t gold, accompanied by a kilometre-scale copper-gold geochemical anomaly. Airborne geophysical surveys, including mobile magnetotelluric (MT), reveal resistive and conductive features consistent with porphyry, epithermal and skarn-style mineral systems.

Kuma benefits from year-round access and proximity to the Gold Ridge mine. Lidar, surface geochemistry, and geophysics surveys have advanced target definition toward a 2026 drill program. Alteration mapping defined a 2 km lithocap, indicating a potential significant porphyry below that’s not yet tested by drilling.

Kuma is positioned for discovery potential on a scale comparable to other major systems in the region.

Current work at Kuma is focused on refining priority drill targets through ongoing analysis of newly released geophysical and geological datasets. A field visit in November was aimed at ground-truthing these targets, confirming interpretations, and finalizing on-the-ground logistics. Pad and camp construction began in late November, ahead of the inaugural drilling campaign set for January 2026, an important milestone in advancing the Kuma property toward discovery.

Fauro Property

The 147 sq km Fauro property encompasses a high-grade epithermal gold target with indications of a porphyry system at depth. Formed by the collapse of the Fauro calc-alkaline volcano, the property hosts seven prospects, three of which are drill-ready. Historical results include a grab sample of 173 g/t gold, trench results of 8 m at 27.95 g/t gold, and drilling intercepts such as 35 m at 2.08 g/t gold. Multiple zones, including Meriguna, Ballyorlo and Kiovakase, exhibit robust soil anomalies and magnetic highs, underscoring the property’s potential to host a large-scale deposit comparable in setting to the Lihir gold system.

Since 2024, new sampling has confirmed continued high-grade potential, with assays returning up to 19.25 g/t gold and up to 4 percent copper, expanding evidence for a hybrid epithermal-porphyry system. With year-round drilling access and efficient transport via helicopter and boat, Fauro represents a major exploration opportunity with multiple existing gold intercepts and untested porphyry indicators.

Management Team

John Florek – Chief Executive Officer

John Florek has more than 35 years of experience with major and junior mining companies, including BHP, Placer Dome, Barrick, Teck, and Detour Gold/Kirkland Lake Gold/Agnico Eagle. He has identified and advanced significant mining assets from early exploration through development and currently sits on the board of McEwen Mining. He is also CEO, president and director of Emperor Metals.

John Williamson – Chairman, Co-founder and Director

A professional geologist with more than 35 years in the global mining sector, John Williamson founded more than 20 successful companies and the Metals Group. He has raised more than $1 billion across public and private markets, delivering strong returns to shareholders.

Sean Mager – CFO and Director

With 30+ years in the global mining sector, Sean Mager brings extensive experience in corporate development, stakeholder relations, regulatory affairs, finance and operations. He is a co-founder of the Metals Group.

Krystle Adair – Vice-president, Exploration

A geologist with more than 13 years of exploration experience across the Americas, Krystle Adair has managed projects across multiple deposit types. She has worked extensively with Metals Group companies and is a registered professional geoscientist in British Columbia.

Hannett – Director

A Bougainville Island national and professional engineer with 17+ years of experience, Arthur Hannett has worked with major operators including Placer Dome, Barrick, Glencore and Agnico Eagle.

Donald Marahare – Director

A seasoned legal professional with 20+ years of experience in the Solomon Islands, Donald Marahare is the principal at DNS & Partners Law Firm, admitted to the High Court in 2000. He also serves as president of the Solomon Islands Football Federation.

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Johnson points to Obama-era drone precedent as Congress probes deadly Caribbean strike

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House Speaker Mike Johnson, R-La., doesn’t want to get ahead of impending investigations into a deadly Sept. 2 strike on alleged drug boats in the Caribbean, but argued that there is a precedent for such strikes dating back to the Obama administration.

Both congressional Republicans and Democrats have raised concerns about the nature of the two strikes on the suspected drug vessel, with chairs of the House and Senate Armed Services committees announcing that they planned to delve into rigorous oversight of the situation.

It all comes after a report from The Washington Post said Secretary of War Pete Hegseth green-lighted a second strike on the vessel to take out any remaining survivors. The White House later confirmed on Monday that Hegseth did authorize the second strike, but that Adm. Frank Bradley, the head of U.S. Special Operations Command, ordered and directed it.

In the aftermath, there have been calls to release unedited footage of the strikes, and for lawmakers to get a fulsome briefing on what exactly happened three months ago.

When asked if unedited video should be released of the strikes to Congress and the public, and, if the footage showed that the survivors were defenseless, if that would amount to a war crime, Johnson said that he wouldn’t ‘prejudge any of that,’ and he noted that both the Senate and House Armed Services panels would hold hearings to review the incident.

The top House Republican noted that he was playing catch-up on the developments, given that he spent much of Monday campaigning in Tennessee for Tuesday’s special election to replace former Rep. Mark Green, R-Tenn.

‘My assessment of this, my understanding, is that most of the people that have looked at this, at least, in a preliminary review, say that the admiral who ordered the second strike was — thought it was necessary to complete the mission,’ Johnson said. ‘He’s a highly decorated, highly respected admiral in the Navy. And, he made that call.’

‘And so, you know, we’re going to have to look at that,’ he continued. ‘I’m sure Congress has a right to look at it. I don’t know how much of the tape should be released, because I’m not sure how much is sensitive with regard to national security and all that. I haven’t had a chance to review it, so I’m not going to prejudge it.’

Johnson then turned his focus to former President Barack Obama and argued that under his administration, few questions were asked about the slew of drone strikes authorized by the then-president.

‘One of the things I was reminded of this morning is that under Barack Obama, President Obama … I think there were 550 drone strikes on people who were targeted as enemies of the country, and nobody ever questioned it,’ Johnson said. ‘And second, secondary strikes are not unusual. It has to happen if a mission is going to be completed.’

‘So I haven’t reviewed the scope of the mission,’ he continued. ‘I haven’t reviewed that particular strike. I don’t know what went into the admiral’s decision matrix, but it’s something that Congress will look at, and we’ll do that in the regular process in order.’


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Experts dispute Nigerian government’s claims amid congressional probe of escalating attacks on Christians

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House appropriators and foreign affairs leaders convened a rare joint briefing Tuesday as part of a broader congressional investigation into what lawmakers and experts describe as escalating and targeted violence against Christians in Nigeria.

The session — led by House Appropriations Vice Chair and National Security Subcommittee Chairman Mario Díaz-Balart, R-Fla. — is feeding into a comprehensive report ordered by President Trump on recent massacres of Nigerian Christians and potential policy steps the U.S. could take to pressure Abuja to respond.

Trump directed Congress, led by Reps. Riley Moore, R-W.Va., and Appropriations Chairman Tom Cole, R-Okla., to probe Christian persecution in Nigeria and produce a report for the White House to review. He has floated the idea of taking direct military action against Islamists who kill. 

Vicky Hartzler, chair of the U.S. Commission on International Religious Freedom, told lawmakers that ‘religious freedom [is] under siege,’ citing the abduction of more than 300 children and attacks in which ‘radical Muslims kill entire Christian villages [and] burn churches.’ She said violations are ‘rampant,’ ‘violent,’ and disproportionately affect Christians, who she argued are targeted ‘at a 2.2 to 1 rate’ compared with Muslims.

Hartzler said Nigeria has taken some initial corrective steps — including reassigning about 100,000 police officers from VIP protection details — but warned the country is entering a ‘coordinated and deeply troubling period of escalated violence.’ She recommended targeted sanctions on Nigerian officials ‘who have demonstrated complicity,’ visa restrictions, blocking U.S.-based assets, and conditioning foreign and humanitarian aid on measurable accountability.

She also urged Congress to direct the Government Accountability Office to conduct a review of past U.S. assistance and said Abuja should retake villages seized from Christian farming communities so widows and children can return home.

Dr. Ebenezer Obadare of the Council on Foreign Relations offered the sharpest challenge to the Nigerian government’s claim that the violence is not religiously motivated. He said the idea Boko Haram and other militant groups target Christians and Muslims equally is a ‘myth,’ arguing the groups ‘act for one reason and one reason only: religion.’ Any higher Muslim casualty count, he said, reflects geography, not equal targeting.

Obadare described Boko Haram as fundamentally opposed to democracy and said the Nigerian military is ‘too corrupt and incompetent’ to dismantle jihadist networks without strong external pressure. He urged the U.S. to press the Nigerian government to disband armed groups enforcing Islamic law, confront corruption inside the security forces, and demonstrate genuine intent to curb religious violence. He added that Washington should insist Nigerian officials respond immediately to early warnings of impending attacks.

Sean Nelson of Alliance Defending Freedom International added that Nigeria is ‘the deadliest country in the world for Christians,’ claiming more Christians are killed there than in all other countries combined and at a rate ‘five times’ higher than Muslims when adjusted for population. He said extremists also target Muslims who refuse to embrace their extreme ideology, which he argued further undercuts Abuja’s narrative that the crisis is driven mainly by criminality or local disputes.

With a population of more than 230 million, Nigeria’s vibrant and often turbulent cities and villages are home to people of strikingly diverse backgrounds. The nation’s roughly 120 million-strong Muslim population dominates the north, while some 90 million Christians are centered in the southern half of the country.

Nelson urged tighter U.S. oversight of assistance to Nigeria, including routing some aid through faith-based organizations to avoid corruption. He called for greater transparency in how Abuja handles mass kidnappings and ransom payments and said sustained U.S. and international pressure is essential because ‘without transparency and outside pressure, nothing changes.’

Díaz-Balart criticized the Biden administration for reversing the Trump administration’s designation of Nigeria as a ‘country of particular concern’ in 2021, arguing the change has had ‘clearly deadly consequences.’ Lawmakers on the Appropriations, Foreign Affairs and Financial Services committees signaled additional oversight actions in the months ahead as they prepare the Trump-directed report to Congress.

Hartzler noted that Nigeria has recently begun taking several steps that could signal a shift toward confronting the crisis more directly. She pointed to President Bola Tinubu’s decision to pull about 100,000 police officers from VIP bodyguard assignments and redistribute them across the country, calling it ‘a promising start after years of neglect.’ She said the move reflects growing recognition inside Nigeria’s political leadership that the violence has reached an intolerable level.

She also highlighted comments last week from Nigeria’s speaker of the House, who acknowledged the country is facing a ‘coordinated and deeply troubling period of escalated violence.’ Hartzler said that acknowledgment — coupled with a push from the Nigerian House majority leader for more intensive legislative oversight — suggests the government may finally be admitting the scale and severity of the attacks.

Even with these developments, Hartzler warned the measures are far from sufficient. She emphasized that the Nigerian government must show clear intent to ‘quell injustice,’ act quickly when early warning signs of attacks appear, and commit to transparency and accountability if the recent steps are going to amount to meaningful progress.

The Nigerian Embassy did not immediately respond to a request for comment. 


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Putin warns Russia ‘ready’ if Europe ‘suddenly wants to wage war with us’ amid Ukraine talks

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Russian President Vladimir Putin ratcheted up tensions with Europe on Tuesday, warning that if the bloc sparked a war with Russia, Moscow was prepared to meet it.

Putin also blasted European leaders, accusing them of sabotaging U.S.-led efforts to end the nearly four-year-old war in Ukraine.

‘But if Europe suddenly wants to wage a war with us and starts it, we are ready right away. There can be no doubt about that,’ Putin said, according to The Associated Press.

Putin was responding to a question about Russian media reports that Hungary’s foreign minister warned Europe was preparing for war with Russia. Putin insisted, as he has for years, that Moscow does not seek a war with European nations.

The Russian president made the remarks after speaking at an investment forum and before meeting in the Kremlin with a U.S. delegation led by envoy Steve Witkoff and President Donald Trump’s son-in-law Jared Kushner.

It’s not the first time Putin has warned Europe about meddling in the war.

In October, Putin warned that Europe would face a ‘significant response’ if it continued supplying military aid to Ukraine, and he made similar threats in May.

In February 2024, Putin warned that Western military intervention against Russia’s invasion of Ukraine could result in nuclear escalation — a statement widely interpreted as a warning to Europe and Western allies.

Putin claimed on Tuesday that European leaders introduced ‘demands that are absolutely unacceptable to Russia’ that effectively ‘blocked the entire peace process.’ He accused them of doing so cynically in order to blame Moscow for rejecting peace.

European leaders have maintained that Putin’s invasion of Ukraine is a stepping stone to a wider war with the 27-nation European Union, which has poured billions of dollars into supporting Kyiv.

Putin said European powers had locked themselves out of peace talks on Ukraine because they cut off contacts with Moscow.

‘They are on the side of war,’ Putin said.

He also suggested the conflict in Ukraine was not a full-blown war, describing Russia’s actions as ‘surgical’ — a restraint, he said, that would not apply in a direct confrontation with European powers, according to Reuters. 

Putin’s comments come as Witkoff and Kushner press for peace between Ukraine and Russia.

On Sunday, Witkoff — a central figure in negotiating the ceasefire between Israel and Hamas — joined Secretary of State Marco Rubio and Kushner in Florida to meet with Ukrainian negotiators. Rubio described the meeting as ‘very productive.’ In a statement, Rubio said the goal is ‘not just the end of the war.’

Last week, Russia’s Foreign Minister Sergey Lavrov warned that Moscow could reject the White House’s peace framework if it does not uphold the ‘spirit and letter’ of what Trump and Putin agreed to at the Alaska summit in August. He said that if the ‘key understandings’ were watered down, the situation would become ‘fundamentally different.’

Despite Lavrov’s comments, Putin showed interest in Trump’s effort to end the war, calling the drafted plan a starting point. 

‘We need to sit down and discuss this seriously,’ Putin told reporters, according to the AP.

He characterized Trump’s plan as ‘a set of issues put forward for discussion,’ rather than a draft agreement.

Fox News’ Andrea Margolis, Sarah Tobianski, Kyle Schmidbauer and Ashley Carnahan as well as The Associated Press and Reuters contributed to this report.


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Rosie O’Donnell says daughter blames Trump for forcing their family’s move out of America

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Rosie O’Donnell says her daughter is holding President Donald Trump personally responsible for their relocation to Ireland and for what she sees as his broader damage to the country.

‘My daughter is now saying, ‘Damn him. Damn Trump,’’ O’Donnell said during an appearance on ‘The Jim Acosta Show.’

She recalled her daughter pounding on a table in anger and stating, ‘He made us move for our own safety … and now he’s destroying the country.’ 

O’Donnell acknowledged the challenge of shielding her child from political upheaval while still confronting the realities of their situation.

‘She lives here. She hears what I’m saying to you,’ O’Donnell said, explaining that her daughter ‘recognizes what’s going on.’ 

The comedian also emphasized, ‘Of me thinking that I have to somehow stand in defiance of him. No, no … I don’t. Somebody can tap me out, you know. Yeah. I did 22 years. I don’t really need to do any more. And I don’t want my kid to be so affected by it.’

Fox News Digital has reached out to the White House for comment.

O’Donnell’s relocated to Ireland after Trump threatened to strip her of U.S. citizenship.

In October, she announced she was applying for Irish citizenship, citing her grandparents’ roots and a self-described ‘self-imposed (political exile)’ in Ireland.

In an interview with the U.K.’s Daily Telegraph, the 63-year-old said, ‘I am applying and about to be approved for my Irish citizenship as my grandparents were from there, and that’s all you need. It will be good to have my Irish citizenship, especially since Trump keeps threatening to take away mine.’

White House spokesperson Abigail Jackson reacted at the time, telling Fox News Digital, ‘What great news for America!’

O’Donnell revealed her international move in March, sharing that she’d relocated to Ireland just five days before President Trump’s 2025 inauguration. 

Sharing the news with her TikTok followers, she called the transition ‘pretty wonderful.’

The feud between O’Donnell and Trump flared again in July, when he took to Truth Social, warning he was considering stripping the comedian of her U.S. citizenship.

‘Because of the fact that Rosie O’Donnell is not in the best interests of our Great Country, I am giving serious consideration to taking away her Citizenship,’ he wrote. ‘She is a Threat to Humanity, and should remain in the wonderful Country of Ireland, if they want her. GOD BLESS AMERICA!’

O’Donnell fired back on social media, asserting that Trump ‘has always hated the fact that i see him for who he is.’

Under the United States Constitution, a president does not have the power to strip the citizenship of someone born in the country, meaning since O’Donnell was born in New York, her citizenship is protected by the 14th Amendment.

The tensions between the two go back nearly two decades, beginning in 2006 when O’Donnell criticized Trump while co-hosting ‘The View.’


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Nextech3D.ai Announces Definitive Agreement to Acquire 100% of ARway, Streamlining Operations

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Nextech already owns 15million shares or about 40% of the 38 million shares outstanding in Arway Corporation (‘Arway’) OTCQB: ARWYF / CSE: ARWY

TORONTO, ON / ACCESS Newswire / December 2, 2025 / Nextech3D.ai (CSE:NTAR,OTC:NEXCF)(OTCQX:NEXCF)(FSE:1SS), Nextech an AI-first 3D modeling and event technology company, and Arway is pleased to announce that they have entered into a definitive agreement dated December 1, 2025 (the ‘Definitive Agreement‘) setting forth the terms and conditions of their previously announced transaction pursuant to which Nextech proposes to acquire all of the common shares of Arway (‘Arway Shares‘) which it does not already own (the ‘Transaction‘). The Transaction will allow Nextech to further consolidate its technology stack with Arway and Map Dynamics (‘Map D‘), creating a more unified and competitive offering for the global events industry while streamlining operations.

Strategic Rationale

Owned by Arway, Map D supports hundreds of events annually with interactive floor plans, exhibitor tools, ticketing, badge printing, mobile apps, and blockchain ticketing. Bringing Arway back in-house is expected to streamline operations, eliminate redundant overhead, and accelerate development across AI, AR, and navigation technologies.

Nextech currently owns ~40% of Arway, with management holding an additional ~20%, demonstrating strong alignment and long-term commitment.

The consolidation is expected to:

  • Reduce costs through team and technology integration

  • Accelerate product innovation by combining AI, AR navigation, and 3D tools into a single event platform

The unified suite will span event setup, AI matchmaking, AR/AI navigation, ticketing, payments, and blockchain capabilities-supporting Nextech’s strategy of growing recurring SaaS revenue.

About ARway

Arway, spun out from Nextech in 2022, provides no-code, no-hardware AR navigation. Following the Transaction, it will operate as a wholly-owned subsidiary with its technology embedded directly into Map D.

CEO Comment

‘This reacquisition streamlines Nextech3D.ai into a stronger, more unified company. Integrating Arway with Map D accelerates our vision for a full AI-powered event technology suite.’

Further Details of the Transaction

  • 38,641,161 Arway shares currently outstanding

  • 225,298,980 Nextech shares currently outstanding

  • 19,866,921 Nextech shares issuable as consideration

  • Deemed price of $0.083 per Arway share and $0.161 per Nextech share

The Exchange ratio is one (1) Arway share will be exchanged for approximately .514 of Nextech shares.

Pursuant to the Definitive Agreement, the Transaction will proceed by way of a three-cornered amalgamation, whereby Arway will amalgamate with a wholly-owned subsidiary of Nextech and shareholders of Arway will receive an aggregate of 19,866,921

Nextech Shares on a pro rata basis, calculated based upon their existing holdings of Arway (the ‘Exchange Ratio‘).

There are currently an aggregate 38,641,161 Arway Shares [and no convertible securities] of Arway issued and outstanding. Accordingly, based on the Exchange Ratio and assuming no other share issuances by Arway, shareholders of Arway will receive approximately 0.514 Nextech Shares in exchange for each one Arway Share held.

The deemed price for each Arway Share to be acquired pursuant to the Transaction shall be C$0.083 resulting in an aggregate valuation of Arway of approximately $3,200,000 or such other price as permitted by applicable regulatory authorities, including the Canadian Securities Exchange (the ‘CSE‘). It is expected that following completion of the Transaction, the current holders of Arway Shares will hold approximately 8.1% of the outstanding Nextech Shares immediately following closing on a non-diluted basis, based on an aggregate of 225,298,980

Nextech Shares currently issued and outstanding.

There are not expected to be any changes to the management of either Nextech or Arway as a result of the Transaction. The Arway Shares will be delisted from the CSE upon completion of the Transaction. This is a related-party transaction under applicable securities regulations

Completion of the Transaction remains subject to the receipt of Arway shareholder approval, CSE approval, and customary closing conditions. A notice of meeting and circular with full details will be filed on SEDAR+ in due course. There can be no assurance that the Transaction will be completed as proposed, or at all.

Further details about the proposed Transaction will be provided in a disclosure document to be prepared and filed in connection therewith. Investors are cautioned that, except as disclosed in the disclosure document to be prepared in connection with the Transaction, any information released or received with respect to the foregoing matters may not be accurate or complete and should not be relied upon.

About Nextech3D.ai

For more details on Nextech’s AI roadmap and related developments, visit: www.nextechar.com/investors

For more information, visit Nextech3D.ai.

Sign up for Investor News and Info – Click Here

For more information and full report go to https://www.sedarplus.ca

For further information, please contact:

Nextech3D.ai and Arway Corporation
Evan Gappelberg / CEO and Director
866-ARITIZE (274-8493)

Forward-looking Statements

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain information contained herein may constitute ‘forward-looking information’ under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, ‘will be’ or variations of such words and phrases or statements that certain actions, events or results ‘will’ occur. Forward-looking statements regarding the completion of the Transaction and the potential benefits thereof are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Neither Nextech nor Arway will update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE: Nextech3D.ai Corp.

View the original press release on ACCESS Newswire

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Niger Moves to Sell Uranium From Orano’s Seized SOMAÏR Mine

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Niger’s military government announced that it intends to put uranium produced by the SOMAÏR mine on the international market.

Head of the junta, General Abdourahamane Tiani, told state television Tele Sahel that “Niger’s legitimate right to dispose of its natural riches to sell them to whoever wants to buy them, under the rules of the market, in complete independence.”

Orano has operated uranium mines in Niger for decades and officially retains a 60 percent stake in SOMAÏR, as well as stakes in the Cominak and Imouraren mines.

However, the company lost operational control of these facilities in December 2024 when the junta intervened, citing expired mining agreements and asserting full sovereignty over national resources.

Orano condemned the latest uranium transfer as illegal, noting that it constitutes a direct breach of a September 2025 ruling by the International Centre for Settlement of Investment Disputes (ICSID).

The tribunal had ordered Niger “not to sell, transfer, or even facilitate the transfer to third parties of uranium produced by SOMAÏR” held in violation of Orano’s rights.

The French company said it learned of the shipment only through media reports and has “no official information on the quantity removed, the shipment’s destination, or the conditions of its transport.”

“This shipment is in breach of the decision handed down in favor of Orano,” the company said, warning that it reserves the right to take “any additional action necessary, including criminal proceedings against third parties, should the material be taken in violation of its offtake entitlement.”

Further, a company statement as reported by Reuters said that “transporting a large quantity of uranium through an unsecured corridor poses significant safety and security risks.”

Since the 2023 coup, Niger has turned away from its former colonial partner, France, accusing it of supporting separatist groups. It has also sought closer ties with Russia, which has previously expressed interest in mining uranium in Niger.

The SOMAÏR mine, along with Cominak and Imouraren, produces a significant share of the uranium supplied to global markets. In 2022, Niger accounted for roughly a quarter of natural uranium used by European nuclear power plants.

Orano said that about 1,500 metric tons of uranium were stockpiled at SOMAÏR before the transfer, with potential buyers speculated to include Turkish, Iranian, and Russian interests.

The group has pursued multiple legal avenues to regain operational control, including arbitration and lawsuits in Niger, arguing that the junta’s interference has harmed the mine’s financial position.

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

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Sarama Partners With InvestorHub to Strengthen Investor Engagement

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VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / December 2, 2025 / Sarama Resources Ltd. (‘Sarama’ or the ‘Company’)(TSX-V:SWA)(ASX:SRR) is pleased to announce that it has partnered with InvestorHub and launched a new interactive website, a direct-to-investor engagement platform (‘Investor Hub‘ or ‘Hub‘) designed to be more transparent and interactive with investors.

Through the Hub, investors and shareholders can easily access ASX announcements, project updates, videos, and insights as Sarama continues advancing gold exploration at the Cosmo and Mt Venn Gold Projects in Western Australia and progressing its fully funded US$242M arbitration claim against the Government of Burkina Faso (‘GoBF‘).

The Company will share new content through the Hub aimed at giving shareholders a deeper insight into Sarama’s growth strategy and value creation initiatives.

Sarama’s Executive Chairman, Andrew Dinning commented:

‘We are very pleased to launch our InvestorHub Platform which we believe will serve as a valuable tool for engaging with our investor community.

In the Hub you will find announcements, interviews, presentations and an interactive function that allows Sarama shareholders and interested investors to submit relevant, constructive questions, which will be answered in a timely manner.

We encourage stakeholders to sign up to the Hub and we look forward to your feedback.’

To watch Executive Chairman Andrew Dinning’s introduction to the new platform, head to our InvestorHub here

How to sign up for the Sarama Resources Investor Hub:

1. Visit https://www.saramaresources.com/auth/signup

2. Follow the prompts to create your Investor Hub account

3. Complete your account profile

For further information, please contact:

Andrew Dinning

Sarama Resources Ltd | +61 8 9363 7600 | e: info@saramaresources.com

CAUTION REGARDING FORWARD LOOKING INFORMATION

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Such forward-looking information includes, but is not limited to, the quantum and pursuit of compensation for the loss and damages; the pursuit and outcome of the arbitration claim; and Sarama’s commitment to advancing the arbitration to its conclusion. Actual results may vary from the forward-looking information due to known and unknown risks, uncertainties and other factors. Such factors include, among others, the success of Sarama’s claim against the GoBF; as well as those factors disclosed in the Company’s publicly filed documents.

Assumptions have been made regarding, among other things, the Company’s ability to carry on its exploration activities, the sufficiency of funding, the timely receipt of required approvals, the price of gold and other precious metals, that the Company will not be affected by adverse political and security-related events, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain further financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information. Sarama does not undertake to update any forward-looking information, except as required by applicable laws.

This announcement has been authorised by the Board of Sarama Resources.

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

SOURCE: Sarama Resources Ltd.

View the original press release on ACCESS Newswire

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Homerun Resources Inc. Announces Engagement of Jiri Skopek as Corporate Development Advisor for the Strategic Commercialization of the Enduring Long Duration Energy Storage System Integrated with “The Hub” AI Energy Management Platform

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Homerun Energy USA, Inc. (‘Homerun’ or the ‘Company’) a newly formed 100% owned subsidiary of Homerun Resources, Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) is pleased to announce the engagement of Jiri Skopek as Corporate Development Advisor for the strategic development and commercialization of the Company’s Enduring Long Duration Energy Storage System (LDES) integrated with Homerun Energy’s Energy Management System (EMS).

This appointment follows the recently announced Intellectual Property Agreement between Homerun Energy USA, Inc. and the Alliance for Sustainable Energy, LLC, operator of the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL).

Building upon the two years of collaboration between Homerun and NREL, Mr. Skopek will provide advisory in the efforts to commercialize the LDES. The LDES is designed to provide sustainable heat and power through a dual-purpose architecture that combines silica-based energy storage with purification processing, achieving significant decarbonization and operational integration efficiency.

Under the commercialization plan, Homerun Energy will integrate its advanced AI energy management and control system (EMS). Homerun’s technology is designed to operate across devices and brands to optimize energy capture, maximize storage efficiency and enable smarter, more sustainable energy use. By integrating AI into the edge Hub and into the cloud, Homerun empowers the end-user to better monitor, control and predict energy generation, usage and needs, enhancing performance while reducing costs and environmental impact and enabling advanced services such as energy trading.

Alignment with the CleanTech Blueprint 2025

Mr. Skopek recently co-authored ‘The Future is Direct: Shift to DC Power Systems,’ a chapter in the CleanTech Blueprint 2025, a global collaboration led by LG NOVA and the Coalition for Innovation. The Blueprint outlines the transition from centralized AC grids toward digital, distributed DC systems, which deliver improved efficiency, reliability, and renewables integration. These insights align directly with Homerun’s commercialization model – combining enduring, sand-based energy storage with AI-managed distributed intelligence for next-generation microgrid applications.

Brian Leeners, CEO of Homerun, commented, ‘The engagement of Jiri Skopek comes at a pivotal time as the Enduring LDES advances from development into commercialization. Following our IP Agreement with NREL, Jiri’s experience and leadership will be instrumental in bringing these innovations to multiple global markets.’

Jiri Skopek added: ‘The convergence of materials, energy systems, and digital intelligence defines the future of clean power. Homerun’s platform uniquely integrates long-duration storage, silica technologies, and AI intelligence to deliver solutions capable of transforming industrial and grid-scale energy applications.’

About Jiri Skopek

Jiri Skopek is an architect, smart community planner, and leader in smart and sustainable development whose work has shaped buildings, communities, and national standards for more than three decades. As Managing Director of Sustainability at JLL, he advised corporate clients on greening large portfolios and led the smart-building transformation of federal buildings, a landmark deployment of analytics-driven operations in government real estate.

About Homerun (https://www.homerunenergy.com/ and https://homerunresources.com/)

Homerun Energy USA, Inc (Reno, NV) is a 100% subsidiary of Homerun Resources, Inc.

Homerun (TSXV: HMR,OTC:HMRFF) is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

  • ⁠Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.
  • Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.
  • Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.
  • ⁠Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

On behalf of the Board of Directors of
Homerun Resources Inc.

‘Brian Leeners’

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

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

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276611

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