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7 Republicans join Dems to block major government funding package as shutdown looms

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Senate Democrats stayed true to their threat by blocking a behemoth funding package, but in a surprising turn of events, they were joined by several Senate Republicans to derail the legislation.

Senate Minority Leader Chuck Schumer, D-N.Y., and his caucus made it no secret that they would obstruct the government funding process over the last several days, demanding that Republicans strip the Department of Homeland Security (DHS) funding bill from the six-bill package. 

But the defection of seven GOP lawmakers – Sens. Ted Budd, R-N.C., Ron Johnson, R-Wis., Mike Lee, R- Utah, Ashley Moody, R-Fla., Rand Paul, R-Ky., Rick Scott, R-Fla., and Tommy Tuberville, R-Ala. – was an unexpected development on Thursday. 

Senate Democrats are willing to support the five other bills in the package, however, and have reiterated that bundle would easily pass if given the chance. 

‘Democrats are ready to avert a shutdown,’ said Sen. Patty Murray, D-Wash., the top Democrat on the Senate Appropriations Committee.

‘We have five bills we all agree on. About 95% of the remaining budget. It is ready to go,’ she continued. ‘We can pass those five bills, no problem. All Leader Thune has to do is tee them up for a vote.’

But Senate Majority Leader John Thune, R-S.D., sought to call their bluff and barreled forward with the key test vote, which would have opened up several hours of debate and eventually a final vote to send the package to President Donald Trump’s desk.

Ahead of the vote, Thune said he hoped that conversations between the White House and Senate Democrats would produce the ‘the votes that are necessary to get it passed.’

Thune threw cold water on Senate Democrats’ several demands for reforms to Immigration and Customs Enforcement (ICE) making their way into the current package, too. 

‘That’s not going to happen in this bill, but there are, I mean, there’s a path to consider some of those things and negotiate that out between Republicans, Democrats, House, Senate, White House,’ Thune said. ‘But that’s not gonna happen in this bill.’ 

With the six-bill package, which included major funding bills for the Pentagon and other agencies, now scuttled, Senate Republicans and the White House are looking for a plan B to keep the government open or to at least minimize the damage from a partial shutdown. 

One option gaining momentum among Republicans would be to strip the DHS funding bill from the broader package, advance the smaller, five-bill bundle and then turn to a short-term funding extension, known as a continuing resolution (CR), for just Homeland Security. 

And there are ongoing negotiations among Senate Democrats and the White House on that particular idea. 

A White House official told Fox News Digital in a statement, ‘President Trump has been consistent — he wants the government to remain open, and the Administration has been working with both parties to ensure the American people don’t have to endure another shutdown.’ 

‘A shutdown would risk disaster response funding and more vital resources for the American people,’ the official said. 

But taking that route presents several hurdles and challenges, particularly with the House out until next week.

That’s because any modification to the current six-bill package would require the lower chamber to agree to it. The same is true for any CR that the Senate produces for DHS. 

Schumer pinned the possibility of a shutdown on Thune, arguing that if he just put the five-bill package on the floor, Senate Democrats would support it. 

‘Well, let me tell you first, if funding lapses, it’s all because of Leader Thune,’ Schumer said. ‘It’s on his back.’

House Republicans have already signaled their unwillingness to support a modified funding package, and turning to a CR is a simmering taboo that many Republicans in the lower chamber aren’t likely to be happy with.

But it’s an option that could be gaining steam with Schumer and the White House, despite Trump administration officials blaming the top Senate Democrat for canning a meeting among rank-and-file Senate Democrats and the administration on Wednesday. 

Turning to a CR would be an about-face for Senate Democrats, too. Last week they argued that a short-term extension for DHS would amount to a ‘slush fund’ for Trump and the administration to use in their immigration operations with no guardrails.


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‘Shocking and inappropriate’: Legal experts slam judges’ guide over climate bias claims

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A gold-standard guide used by judges nationwide to address subjects they are not particularly versed in is drawing criticism over the latest edition’s inclusion of purported ideological bias focused on its climate section.

Critics have said the fourth edition of the Federal Judicial Center’s Reference Manual on Scientific Evidence – which includes a foreword by Supreme Court Justice Elena Kagan – appears to blur the line between neutrally educating judges and indoctrinating them with left-wing advocates’ prose.

The approximately 1,600-page guide was released at the beginning of the year and includes several citations and footnotes to climate change activists and proponents, including climatologist Michael Mann and environmental law expert Jessica Wentz.

Wentz is the topline expert at the Climate Judiciary Project at the Environmental Law Institute — an entity currently under federal investigation, as Fox News Digital recently reported.

‘The Committee on the Judiciary is investigating allegations of improper attempts by the Environmental Law Institute (ELI) and its Climate Judiciary Project (CJP) to influence federal judges,’ read a statement from House Judiciary Committee members Jim Jordan, R-Ohio, and Darrell Issa, R-Calif.

Jordan and Issa found evidence of efforts to ‘influence judges who potentially may be presiding over lawsuits related to alleged climate change claims… [which] appear to have the underlying goal of predisposing federal judges in favor of plaintiffs alleging injuries from the manufacturing, marketing, use, or sale of fossil-fuel products.’

Gavin Newsom pushes climate agenda in Brazil, downplays affordability concerns

A spokesperson for the institute told Fox News Digital at the time that CJP’s curriculum is ‘fact-based and science-first, grounded in consensus reports and developed with a robust peer review process’ and that suggestions otherwise are ‘without merit.’

Wentz, who is also a senior fellow at Columbia’s Sabin Center for Climate Law, is listed as chief author of the section, along with fellow university faculty Radley Horton, on page 1561.

She served as a witness for the plaintiffs in Juliana v. U.S., where youth activists accused the U.S. government of violating their constitutional rights by failing to implement their preferred climate change policies.

She also signed an amicus brief supporting the Obama administration’s environmental regulations after multiple states filed lawsuits against the EPA in 2016.  

Nonetheless, legal experts warned of the potential repercussions down the line of having such prominent contributors in what is supposed to be an apolitical anthology.

‘It is alarming to see how far the Left has gone in its blatant effort to capture the judiciary. Its feeding of trial lawyers’ climate ‘science’ to sitting judges who will decide contentious litigation in this area short-circuits our system of justice,’ said Carrie Severino, a former law clerk for Supreme Court Justice Clarence Thomas and president of the Judicial Crisis Network.

‘When they can’t pass their extreme policies into law, they are attempting to use the courts as an end run around the legislative process,’ said Severino, whose organization has helped vet judicial nominees, including Supreme Court Justice Amy Coney Barrett.

Michael Fragoso of Torridon Law, former chief counsel to Sen. Mitch McConnell, R-Ky., agreed that there is rank bias throughout the climate section of the anthology.

GOP senator hopes district judges don’t turn into ‘policy makers’ amid legal battle over Trump deportation flights

‘The whole section of the guide is shockingly inappropriate—and if you look at the organizational meeting at the National Academies, intentionally so,’ Fragoso said.

‘But when you dig into it, it only gets worse. The section on attribution ‘science,’ for example, was lifted in large part by a previous article written by the two authors and Michael Burger, who is himself a climate-plaintiff lawyer.’

‘Given that attribution is at the heart of these lawsuits, it’s shocking that the Judicial Center would let a plaintiff lawyer ‘explain’ it to judges. It’s even worse that it’s hidden in a random footnote,’ said Fragoso, who recently analyzed a key energy-related suit in Louisiana.

The House Judiciary Committee previously alleged CJP’s efforts appear to have the underlying goal of predisposing federal judges in favor of plaintiffs involved in climate litigation.

Mann, a climate change academic in Pennsylvania, authored a book called ‘The New Climate War,’ and the judges’ guide cites the book to claim the energy industry has sought to deceive the public.

He resigned from a role at the University of Pennsylvania in 2025 after disparaging social media comments about Charlie Kirk that invoked the Hitler Youth movement, and previously successfully sued conservative commentator Mark Steyn for $1 million over aggressive criticism of his famous ‘hockey stick graph’ that resulted from his study of human influence on global warming over the centuries.

When asked about criticisms of her role in crafting the guide, Wentz told Fox News Digital, ‘no comment.’ Mann did not respond to a request for comment.

Fox News Digital’s Elizabeth Elkind contributed to this report.


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Selta Project – Gold Exploration Update

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First Development Resources plc (AIM: FDR), a UK-based, Australia-focused mineral exploration company with interests in Western Australia and the Northern Territory, is pleased to provide an update on its gold (‘Au’) focused exploration at the Selta Project (‘Selta’ or the ‘Project’), located in the Aileron Province of Australia’s Northern Territory.

HIGHLIGHTS

  • The high-resolution aeromagnetic (‘AMAG’) and radiometric (‘RAD’) geophysical survey over the Lander West regional gold target area has been successfully completed, covering approximately 4,200-line kilometres and delivering a high-quality geophysical survey dataset for targeting Au.
  • Updated AMAG / RAD images are being interpreted, enhancing FDR’s understanding of subsurface geology, structures, and alteration patterns for drill targeting gold mineralisation associated with anomalous surface geochemical and historical shallow drilling results.
  • These new airborne geophysical survey results will be integrated with ongoing Gradient Array Induced Polarisation (‘GAIP’) survey results and historical geochemistry from surface sampling and shallow drilling to refine and prioritise target zone for future drilling.
  • Planning and applications for land access and heritage approvals over target areas is currently underway.

Tristan Pottas, Chief Executive Officer of FDR, commented:

‘Completion of the high-resolution AMAG and radiometric survey at Lander West represents a major step forward and it has materially improved our understanding of the subsurface geology and structural controls on mineralisation. We are grateful for the support received from Thomson Airborne, who delivered a high-quality, professional dataset on schedule over the holiday period.

The integration of the AMAG / RAD data with results from the ongoing GAIP survey and historical geochemical information will allow us to systematically refine and prioritise gold drill targets. We are very pleased with the quality of the datasets delivered and look forward to advancing Lander West through the next phase of exploration.’

AMAG / RAD SURVEY OUTCOMES

The completed AMAG / RAD survey was flown by Thomson Airborne Pty Ltd in early January 2026 using 100m spaced flight lines to generate high-resolution magnetic and radiometric datasets along approximately 4,200-line kilometres. The survey has delivered detailed imaging of structural features, lithological boundaries, and alteration signatures across the Lander West gold target area.

A comparison between the original regional airborne magnetic anomaly imagery and the new FDR acquired high-resolution AMAG imagery is provided in Figure 1 (original) and Figure 2 (newly acquired imagery). The new AMAG survey data have been processed to provide very detailed imagery on the subsurface geology and structure that will help FDR’s technical team to better constrain structures of interest for drill targeting Au mineralisation.

Figure 2 presents the First Vertical Derivative (‘1VD’) of Total Magnetic Intensity reduced to magnetic pole (TMI RTP) filtered anomaly image. Additional data processing methods and three-dimensional (‘3D’) inversion modelling results are being reviewed to identify areas of granitic intrusive contacts with meta-sediments and meta-volcanic host rocks, zones of folding and faulting, and hydrothermal alteration zones, which are key targeting criteria for potential gold mineralisation.

The newly acquired AMAG / RAD data results will be integrated with chargeability and resistivity information generated from the ongoing GAIP geophysics survey to better constrain and target potential mineralised zones at depth for follow up air-core (‘AC’) drilling transects to test shallow targets and reverse circulation (‘RC’) drilling to test deeper GAIP targets and drill under historical shallow Au anomaly zones. This combined geophysical interpretation, together with historical geochemical datasets, will underpin a robust, multi-disciplinary targeting framework to identify and prioritise drill-ready gold targets.

LANDER WEST GOLD TARGET

Following detailed desktop studies, FDR has identified the Lander West regional gold target area as a priority focus within the broader Selta Project. This target has been supported by a comprehensive gold targeting study completed by Resource Potentials Pty Ltd (‘ResPot’), a Perth, Western Australia-based Mineral Exploration and Geophysical Consultancy. ResPot has been commissioned to integrate historical drilling, geological, geophysical, and geochemical datasets to help FDR define high-potential gold targets for follow-up work.

Lander West is interpreted as a continuation of the Stafford Gold Trend, where the adjacent ground hosts high-grade gold and antimony (‘Sb’) mineralisation in the same geological units extending to the southeast (1). Gold mineralisation is believed to be shear-hosted, associated with zones of deformation and hydrothermal alteration, which produce subtle but measurable variations in magnetic response. Within Lander West, a very large granitic batholith, with smaller granite stocks along its margin, have been identified by the AMAG data to sit below thin sand cover sediments, and these granites are a likely source for the Au (and Sb) mineralising fluids to form Intrusive Related Gold (‘IRG’) and skarn type gold targets with FDR’s land holding. High-resolution geophysical datasets are therefore critical to refining drill targets and advancing FDR’s gold exploration programme.

NEXT STEPS

Interpretation and 3D inversion modelling of the integrated AMAG / RAD, GAIP survey results and geochemical datasets is underway, and the result is already informing key areas for follow-up exploration planning, including the design and prioritisation of future AC and RC drilling programmes at Lander West. This systematic, data-driven approach is intended to maximise discovery potential while maintaining a disciplined and cost-effective exploration strategy over such a large gold target area.

Further updates will be provided as interpretation progresses and exploration activities advance.

Figure 1: Original regional scale AMAG data anomaly image (1VD filtered and grey colour scale) from the Selta Project Lander West gold target area.

Figure 2: Newly-acquired first vertical derivate (1VD) on total magnetic intensity (TMI) filtered AMAG anomaly imagery from the Selta Project Lander West gold target area. This processing method helps sharpen shallow geological effects, such as fault systems, folds and shear zones, and it clearly identified a newly discovered granite contact in the north, which is a likely driver for hydrothermal fluids and heat to produce Au mineralisation.

REFERENCE

1. iTech Minerals Ltd (ASX: ITM) announcement dated 12 January 2026
(2924-03045120-2A1647835&v=undefined)

QUALIFIED PERSON STATEMENT

The technical information contained in this disclosure has been reviewed and approved by Mr Nicholas O’Reilly (MSc, DIC, MIMMM QMR, MAusIMM, FGS), who is a qualified geologist and acts as the Qualified Person under the AIM Rules – Note for Mining and Oil & Gas Companies. Mr O’Reilly is a principal consultant working for Mining Analyst Consulting Ltd which has been retained by First Development Resources plc to provide technical support.

GLOSSARY

Term

Definition

3D Inversion Modelling

A technique that converts geophysical survey data into a three-dimensional (3D) map of underground structures, highlighting areas likely to host minerals.

Aeromagnetic (AMAG) survey

An airborne geophysical survey that measures variations in the Earth’s magnetic field to map subsurface geology and structures.

Air-Core (AC) Drilling

A drilling method for sampling shallow rocks efficiently, commonly used in early-stage exploration.

Alteration patterns

Recognisable changes in rocks caused by hot fluids moving through them, which can help indicate where valuable minerals may be concentrated.

Chargeability information (GAIP Survey)

Measures how strongly subsurface rocks hold an electric charge after introducing an electrical transmitter current into the ground, helping identify zones with disseminated sulphide minerals linked to gold.

First Vertical Derivative (1VD)

A magnetic data filter processing technique that calculates the rate of change of the magnetic field with height, enhancing short-wavelength anomalies and sharpening the edges of magnetic anomalies related to geological contacts, alteration zones, faults, and shear zones.

Geochemical information

Chemical data from rocks, soils, or fluids that is used to identify and understand areas with potential mineral deposits.

Geophysical survey

A method of measuring physical property changes in the Earth, such as magnetism, gravity, or electrical conductivity, to identify subsurface geological rock units, structures and potential mineral deposits.

Gradient Array Induced Polarisation (GAIP) survey

A geophysical survey method that maps anomalies caused by subsurface geology and mineralisation by measuring electrical properties of the ground. GAIP helps identify and prioritise prospective gold targets for follow-up exploration and drilling.

Granitic Batholith

A large underground granite body often associated with mineral deposits.

High-resolution (AMAG Survey)

Refers to geophysical data collected at closely spaced intervals (100m or less), providing detailed and precise information about subsurface magnetic features to improve target definition for exploration.

Hydrothermal alteration

Changes in rock caused by hot, mineral-rich fluids, often forming new minerals and altering the rock’s original composition.

Intrusive Related Gold (IRG)

Gold associated with igneous intrusions, commonly forming structurally controlled or disseminated deposits.

Line Kilometre

One kilometre of a geophysical survey line flown or surveyed. Total line kilometres indicate the survey’s overall coverage.

Lithological boundary

The contact or transition between different rock types, which can influence how fluids move and where minerals may accumulate.

Metasediments

Sediment-based rocks that have been metamorphosed, often forming targets for mineral exploration.

Meta-volcanic host rocks

Volcanic rocks altered by heat or pressure that host or control the formation of mineral deposits.

Mineralisation

The process by which valuable minerals are formed and concentrated in rocks, creating zones that may be mined for metals or other resources.

Radiometric (RAD) survey

Measures natural gamma radiation from rocks and regolith related to potassium (K), thorium (Th) and uranium (U) concentrations in the surface outcrop to highlight areas altered by minerals, helping pinpoint potential gold and other deposits.

Resistivity information (GAIP Survey)

Measures how strongly subsurface rocks resist electrical current, helping map geological rock units, structures, sulphide mineralisation and hydrothermal alteration zones

Reverse-Circulation (RC) Drilling

A standard exploration drilling approach that produces clean samples for assessing mineral deposits.

Shear hosted

Describes a rock or mineral deposit that occurs within, and is controlled by, a shear zone, where deformation created pathways for hydrothermal fluids and mineral deposition.

Shear zone

A zone of intense deformation where rocks have been sheared and fractured, often hosting gold due to the increased porosity formed along the shear zone.

Skarn-Type Gold Targets

Gold deposits formed where igneous intrusions alter carbonate rocks, creating mineral-rich zones.

Stafford Gold Trend

A regionally significant mineralised corridor in the Northern Territory, Australia, known for hosting gold and high-grade antimony deposits, which provides structural and geological continuity for exploration targets like Lander West.

Structural feature

A geological break or deformation in rocks such as faults, shear zones, or folds.

Subsurface geology

The type, structure, and arrangement of rocks below the Earth’s surface that help explain how mineral deposits may have formed.

Total Magnetic Intensity (TMI)

The measured strength of the Earth’s magnetic field at a location, including contributions from both the regional geomagnetic field and local magnetic variations caused by subsurface geology.

Zone of deformation

An area of rock altered or deformed by stress, such as faulting or folding.

For further information visit www.firstdevelopmentresources.com or contact the following:

First Development Resources plc

Tristan Pottas (CEO)

Tel: +44 (0) 20 3778 1397

Beaumont Cornish Limited

Nominated Adviser

Roland Cornish / Asia Szusciak

Tel: +44 (0) 20 7628 3396

SI Capital Limited

Broker

Nick Emerson

Tel: +44 (0) 1483 413 500

Beaumont Cornish Limited (‘Beaumont Cornish’) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

ABOUT FIRST DEVELOPMENT RESOURCES

First Development Resources’ assets comprise eight granted tenements covering a total area of 2,314.4km2. Five of the tenements, comprising three prospective copper-gold projects, are located in Western Australia (WA), while the remaining three tenements, comprising a rare-earth element (REE), uranium, lithium and gold project, are located in the Australian’s Northern Territory. All tenements are wholly owned by FDR. The assets are a mixture of drill ready and earlier stage exploration.

The WA Projects include the Company’s Wallal Project, as well as Ripon Hills and Braeside West Projects, which are all situated in the Paterson Province, which is widely regarded as one of the most productive regions in Australia for the discovery of world-class gold-copper deposits, and is home to several world-class mines and more recent discoveries.

The Selta Project in the Northern Territory is located in an area considered to be highly prospective for uranium and rare-earth element mineralisation, along with base and precious metal mineralisation. Numerous companies are actively exploring within the region.

Beyond the existing portfolio, FDR is actively looking to expand its portfolio through the acquisition of early-stage exploration projects in Australia.

Source

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Equity Metals Provides Corporate Update

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Equity Metals Corporation (TSXV: EQTY,OTC:EQMEF) (‘Equity’ or the ‘Company’) announces that the following incumbent directors were re-elected at the Company’s annual general meeting held on January 28, 2026: Joseph A. Kizis, Jr., Lawrence Page, K.C., Killian Ruby, Courtney Shearer and John Kerr. In addition, the shareholders re-appointed Davidson & Company LLP, Chartered Accountants, as auditor of Equity Metals and approved the Company’s rolling incentive stock option plan pursuant to which a maximum of 10% of the issued shares will be reserved for issuance under the plan. The plan is subject to TSX Venture Exchange acceptance.

The following officers were re-appointed subsequent to the annual general meeting: Joseph A. Kizis, Jr. as President, Lawrence Page, K.C. as Chairman, Robert Macdonald as Vice President Exploration, Jay Oness as Vice President Corporate Development, Killian Ruby as Chief Financial Officer, and Arie Page as Corporate Secretary.

Equity Metals has granted incentive stock options to directors, officers and consultants to purchase 9,000,000 common shares of the Company at an exercise price of $0.45 per share, exercisable for a period of five years. The stock options are subject to the terms and conditions of Equity Metals’ stock option plan and the policies of the TSX Venture Exchange.

About Equity Metals Corporation

Equity Metals Corporation is a member of the Malaspina-Manex Group. The Company owns 100% interest, with no underlying royalty, in the Silver Queen project, located along the Skeena Arch in the Omineca Mining Division, British Columbia. The property hosts high-grade, precious- and base-metal veins related to a buried porphyry system, which has been only partially delineated. The Company also has a controlling JV interest (57.49%) in the Monument Diamond project, NWT, strategically located in the Lac De Gras district within 40 km of both the Ekati and Diavik diamond mines. As well, the Company has an option to acquire a 100% interest in the Arlington Property, located within the Boundary District of south-central British Columbia where 2025 exploration work consisted of geophysics and diamond drilling designed to identify and delineate an apparent gold system.

On behalf of the Board of Directors

‘Lawrence Page, K.C.’

Lawrence Page, K.C.
Chairman, Director, Equity Metals Corporation

For further information, visit the website at https://www.equitymetalscorporation.com; or contact us at 604.641.2759 or by email at corpdev@mnxltd.com.

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

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Equity Metals Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281991

News Provided by TMX Newsfile via QuoteMedia

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Rio Silver Launches Metallurgical Program to De-Risk Processing and Optimize Silver Recoveries at Maria Norte

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Rio Silver Inc. (‘Rio Silver’ or the ‘Company’) (TSX-V: RYO | OTC: RYOOF) has initiated metallurgical testwork that will assist in designing a process flow sheet to optimize silver recoveries from planned mineral extraction and processing activities at its Maria Norte Project, Peru.

This is an important step in defining the metallurgical characteristics of the mineralization at Maria Norte. Results of this work will assist the Company in assessing the Project’s potentials value. It is expected that continuing metallurgical work will pursue optimization within a disciplined, low-capital-intensity development framework.

Metallurgical Review and Flow Sheet Design Work

Representative samples of mineralization collected along the targeted Maria Vein, beginning at the planned portal access site and extending along surface exposures, have been submitted to Asesor Procesos Metalurgicos, a specialist firm in mineral processing circuit analysis and design based in Trujillo, Peru.

The metallurgical work is being led by Jose Orlando Moncada Rojas and is focused on:

  • Characterizing silver mineralization and liberation behavior
  • Evaluating processing responses and recovery optimization
  • Designing a preliminary processing flow sheet aligned with third-party toll-milling scenarios

Upon completion of the analytical review and process engineering phase, check samples will be submitted to Certimin in Lima, Peru for an independent follow-up check of the proposed flow sheet design and metallurgical results.

This staged approach is intended to provide technical confidence ahead of processing, while maintaining flexibility and capital discipline.

Management Commentary

‘Metallurgy is the technical foundation that turns mineralization into recoverable silver, and this work is critical to how we move forward,’ said Chris Verrico, President and Chief Executive Officer of Rio Silver. ‘By undertaking a detailed metallurgical review and flow sheet design now, and then independently verifying those results, we are advancing Maria Norte along a disciplined, low-capex processing pathway. The market should view this as a meaningful step toward processing readiness, one that helps solidify our execution plan.’

What’s Next

  • Completion of metallurgical characterization and flow sheet design
  • Independent verification and certification of results by Certimin in Lima
  • Integration of metallurgical outcomes into processing and toll-milling planning
  • Alignment of processing parameters with access, permits, and operational sequencing
  • Continued advancement toward initial processing activities targeted for late 2026 or early 2027

Why This Matters to Investors

For investors, metallurgy is one of the most important technical de-risking steps on the path to processing and cash flow. Positive, independently verified metallurgical results validate recovery assumptions, confirm processing routes, and underpin economic decision-making. At Maria Norte, this work directly supports Rio Silver’s capital-efficient, third-party processing strategy by reducing uncertainty before access and material movement begins. As silver prices remain strong, projects that methodically de-risk metallurgy while preserving a low-capex development model are increasingly well positioned to convert geological potential into realizable value.

Qualified Person

Jeffrey Reeder, P.Geo., is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this news release. Mr. Reeder is a consultant to the Company and is not independent within the meaning of NI 43-101.

About Rio Silver Inc.

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) is a Canadian resource company advancing high-grade, silver-dominant assets in Peru, the world’s second-largest silver producer. The Company is focused on near-term development opportunities within proven mineral belts and is supported by a seasoned technical and operational team with deep experience in Peruvian geology, underground mining, and district-scale exploration. With a clear development strategy and a growing portfolio of highly prospective silver assets, Rio Silver is establishing the foundation to become one of Peru’s next emerging silver producers.

Learn more at www.riosilverinc.com

Stay Connected with Rio Silver
Investors and stakeholders are encouraged to follow Rio Silver for the latest company updates, project milestones, and event announcements across the Company’s official social media channels:

    By following Rio Silver’s official channels, investors can stay informed as the Company advances its silver-dominant projects and executes on key development milestones.

    ON BEHALF OF Rio Silver INC.

    Chris Verrico
    Director, President and Chief Executive Officer

    To learn more or engage directly with the Company, please contact:
    Christopher Verrico, President and CEO
    Tel: (604) 762-4448
    Email: chris.verrico@riosilverinc.com
    Website: www.riosilverinc.com

    Cautionary Note Regarding Forward-Looking Information

    This news release contains ‘forward-looking statements’ within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding anticipated development activities, underground access timing, permitting progress, community engagement, processing strategies, and the Company’s ability to advance toward potential production and cash flow. Forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements. Rio Silver undertakes no obligation to update such statements except as required by law.

    Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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    Silverco Announces $40 Million “Bought Deal” Offering

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    Silverco Mining Ltd. (TSXV: SICO,OTC:QTZCF) (‘Silverco’ or the ‘Company’) is pleased to announce that it has entered into an agreement with Velocity Capital Partners (‘Velocity’), as lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters (collectively, with Velocity, the ‘Underwriters’), pursuant to which the Underwriters have agreed to purchase, on a ‘bought deal’ basis, 3,200,000 common shares of the Company (the ‘Offered Shares’) at a price of $12.50 per Offered Share (the ‘Issue Price’) for aggregate gross proceeds to the Company of $40 million (the ‘Offering’).

    The Offered Shares will be offered in each of the Provinces and Territories of Canada (other than Québec) in reliance on the ‘listed issuer financing exemption’ from the prospectus requirements available under National Instrument 45-106 − Prospectus Exemptions (‘NI 45-106‘), as modified by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ‘Listed Issuer Financing Exemption‘). The Offered Shares may also be offered on a private placement basis in such offshore jurisdictions may be mutually agreed between the Company and Velocity, provided it is understood that no prospectus filing or comparable obligation, ongoing reporting or continuous disclosure requirement or requisite regulatory or governmental approval arises in such jurisdictions, and the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933 (the ‘U.S. Securities Act‘), as amended. Any such Offered Shares will be characterized as ‘restricted securities’ under the U.S. Securities Act.

    In addition, the Company has granted the Underwriters an option to purchase for resale up to an additional 480,000 Offered Shares under the Listed Issuer Financing Exemption at the Issue Price for additional gross proceeds of up to $6 million, on the same terms and conditions as set out herein, exercisable in whole or in part at any time up to 48 hours prior to the Closing Date.

    The net proceeds of the Offering will be used by the Company for exploration, evaluation and restart work on the Cusi Project, general and administrative expenditures and working capital.

    The Offered Shares to be issued pursuant to the Listed Issuer Financing Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws.

    There is an offering document related to the Offering that can be accessed on SEDAR+ (www.sedarplus.ca) under Silverco’s issuer profile and on the Company’s website at www.silvercomining.com. Prospective investors should read this offering document before making an investment decision concerning the Offered Shares.

    The Offering is expected to close on or about February 19, 2026 (the ‘Closing Date‘) and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange (‘TSXV‘) and the applicable securities regulatory authorities. The Offering is subject to final acceptance of the TSXV.

    The Offered Shares have not been registered and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

    About Silverco Mining Ltd.

    The Company owns a 100% interest in the 11,665-hectare Cusi Project located in Chihuahua State, Mexico (the ‘Cusi Property‘). It lies within the prolific Sierra Madre Occidental gold-silver belt.There is an existing 1,200 ton per day mill with tailings capacity at the Cusi Property.

    The Cusi Property is a past-producing underground silver-lead-zinc-gold project approximately 135 kilometres west of Chihuahua City. The Cusi Property boasts excellent infrastructure, including paved highway access and connection to the national power grid.

    The Cusi Property hosts multiple historical Ag-Au-Pb-Zn producing mines each developed along multiple vein structures. The Cusi Property hosts several significant exploration targets, including the extension of a newly identified downthrown mineralized geological block and additional potential through claim consolidation.

    On Behalf of the Board of Directors,

    Mark Ayranto, President & CEO
    Email: mayranto@silvercomining.com

    For further information, please contact:
    Investor Relations & Communications
    Email: info@silvercomining.com
    www.silvercomining.com

    Cautionary Statement and Forward-Looking Information

    This news release contains ‘forward-looking statements’ within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be ‘forward looking statements.’ Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as ‘anticipates’, ‘plans’, ‘scheduled’, ‘believed’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) including statements regarding the Company’s plans with respect to the Company’s projects and the timing related thereto, the merits of the Company’s projects, the Company’s objectives, plans and strategies, the Offering, the listing of the Common Shares on the TSXV, the use of proceeds of the Offering and other matters are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements.

    Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, with respect to the Offering, the conditions of the financial markets, timeliness of completion of the Offering, and the timing of TSXV approval; and with respect to the use of proceeds, the availability of drills and personnel, weather, the speculative nature of mineral exploration and development, fluctuating commodity prices, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; the availability of contractors; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions, as described in more detail in our recent securities filings available on SEDAR+ (www.sedarplus.ca) under Silverco’s issuer profile. Further to this, geological similarities or characteristics are not guarantees or certainties of successful exploration. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. When considering this forward-looking information, readers should keep in mind the risk factors and other cautionary statements in the Company’s disclosure documents filed with the applicable Canadian securities regulatory authorities on SEDAR+ (www.sedarplus.ca) under Silverco’s issuer profile. The risk factors and other factors noted in the disclosure documents could cause actual events or results to differ materially from those described in any forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    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.

    Not for distribution to United States newswire services or for dissemination in the United States

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282044

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    Flow Metals Provides Structural Interpretation Update from Sixtymile Gold Project

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    Flow Metals Corp. (CSE: FWM) (‘Flow Metals’ or the ‘Company’) is pleased to announce a technical update on its Sixtymile Gold Project, Yukon. Recent re-logging of historic drill core has resulted in a revised structural interpretation of gold mineralization.

    The revised interpretation supports a fold-controlled orogenic gold model, in which:

    • Gold-bearing quartz veins preferentially develop within competent, quartz-rich layers.
    • Mineralization is structurally focused within antiformal fold geometries.
    • Deformation and veining intensify near a pre-existing ductile shear/thrust zone, interpreted to have acted as a regional fluid conduit.

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/7235/281980_flow%20metals%20figure%201_550.jpg

    Figure 1: A- Mylonitic unit displaying foliation and shear fabric parallel to the core axis; porphyroclasts exhibit west vergence, interpreted to reflect movement along the regional thrust fault. B- Light-coloured quartzitic unit with foliation inclined to the core axis. C- Crenulation cleavage developed within the heavily deformed mylonitic unit. The interval just above at 145 m contained 18.1 g/t Au over 0.48 m.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/7235/281980_flow%20metals%20figure%201.jpg

    Fold Structure Identified

    Detailed re-logging of historic drill hole DDH-11-18 has identified a fold structure within the schist host rocks. Core observations show a systematic swing in foliation orientation consistent with a large-scale fold, interpreted to have a wavelength of approximately 100-150 metres. The highest grades in DDH-11-18 correlate with competent quartzite units proximal to well developed crenulation cleavage. This fold geometry provides a new structural framework for understanding the distribution of gold mineralization on the property.

    Evidence for Turbidite Protolith

    Re-logging also identified sedimentary features interpreted to be consistent with a metamorphosed turbidite sequence, including:

    • Repeated fining-upward units.
    • Interlayered quartz-rich and micaceous horizons, locally carbonaceous.
    • Strong competency contrasts between quartzite and pelitic schist.

    These observations suggest that the schist in the target area represents a layered metasedimentary package rather than a homogeneous schistose unit. Competency contrasts between quartz-rich and pelitic layers are interpreted to strongly influence the distribution of deformation and veining.

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/7235/281980_1d80714e34d22986_007.jpg

    Figure 2: DDH10-03 (@151 m): Interpreted preserved turbidite sequence showing layered sandy interval fining upward into deformed pelitic schist. This pattern repeats throughout the core.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/7235/281980_1d80714e34d22986_007full.jpg

    Implications for Gold Mineralization

    Historic drill core indicates that gold mineralization is stronger in quartz-rich units than in adjacent schistose intervals, consistent with competency-controlled vein emplacement model.

    Exploration Strategy

    Future exploration will focus on:

    • Structural modeling of the newly recognized fold architecture.
    • Tracking quartz-rich horizons through the fold geometry.
    • Testing down-plunge continuity of mineralized zones.
    • Evaluating potential fold repetitions along the structural corridor.

    This refined model narrows targeting to specific structural positions where favorable host lithologies and deformation conditions coincide.

    Investor Awareness Agreement

    Qualified Person

    Harley Slade, P. Geo., is the Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and approved the technical information contained in this news release. Mr. Slade is Flow Metals Vice President of Exploration and a director of the Company.

    About Flow Metals

    Flow Metals is a Canadian mineral exploration company focused on grassroots copper and gold discovery in mining-friendly jurisdictions. New Brenda is a copper-silver-molybdenum porphyry project in British Columbia’s Quesnel terrane and Sixtymile is a Yukon gold project in the historic Sixtymile gold district.

    For further information, please contact:

    Scott Sheldon, President
    604.725.1857
    scott@flowmetals.com

    Forward-Looking Statements

    The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this news release.

    Forward-looking statements are based on management’s expectations, estimates, projections and assumptions as of the date hereof and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: risks inherent in mineral exploration; uncertainties in geological interpretation and modelling; the speculative nature of mineral exploration and development; the Company’s ability to execute planned exploration programs; availability of equipment, contractors, and personnel; timing and results of exploration work; permitting and regulatory approvals; changes in project parameters as plans continue to be refined; commodity price volatility; currency fluctuations; general market and economic conditions; the Company’s ability to obtain future financing on acceptable terms or at all; and that marketing and investor awareness programs may not yield the intended outcomes or may be modified, suspended or terminated.

    Although the Company believes that the assumptions and expectations reflected in the forward-looking statements are reasonable, undue reliance should not be placed on them. The Company does not undertake to update any forward-looking statements, except as required by applicable law.

    Corporate Logo

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281980

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    EXCLUSIVE: Senate bill targets Minnesota-style ‘runaway fraud’ to force scammers to repay taxpayers

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    Iowa Republican Sen. Joni Ernst is introducing legislation Thursday targeting fraud in federal programs — a proposal that would set early-warning tripwires to flag suspected scams and push agencies to claw back taxpayer dollars, Fox News Digital has learned.

    ‘It’s absolutely unacceptable that the fraud running rampant in Minnesota could end up costing taxpayers more than $9 billion,’ Ernst told Fox News Digital. ‘My Putting an N to Learing about Fraud Act will ensure this never happens again by putting more safeguards in place to detect scams early and require the recovery of any money ripped off from taxpayers.’

    Ernst’s office said the bill is designed to hit fraud on two fronts: tightening rules around childcare payments and creating new spike alerts in healthcare programs to flag suspicious surges early, while also pushing the federal government to recover improper payments.

    If passed, the bill would force state plans tied to federal childcare dollars to pay providers based on documented attendance — not just enrollment — to prevent taxpayer money from going out for care that never happened.

    It also underlines that states can reimburse providers after services are delivered rather than paying upfront. Providers taking federal funds would have to track attendance and keep those records for seven years, making them available for audits by the Department of Health and Human Services, the attorney general and the comptroller general.

    On the healthcare front, the legislation would create new notification requirements tied to abrupt jumps in health billings and costs. States would be required to notify Health and Human Services when the amount being paid for a service increases by more than 100% in a year, or if the number of providers seeking payment increases by 100% in a year. 

    Beyond early detection, the bill aims to force agencies to claw back funds either swindled from taxpayers or received in error.

    It would direct the Office of Management and Budget to issue guidance to federal agencies to ensure improper payments are recovered and require inspectors general to report annually the amount of improper payments recovered by each agency.

    The legislation follows the sweeping fraud scandal that continues to plague Minnesota. Dozens of arrests have been made, most of whom are from the state’s large Somali population, as investigators uncover hundreds of millions of dollars in alleged fraud swindled from taxpayers through welfare and social services programs. 

    Federal prosecutors have said the fraud could total $9 billion. 

    ‘The swindlers in Minnesota and everywhere else soon are going to ‘lear’ the hard way that in the era of DOGE, crime no longer pays,’ Ernst added in a comment to Fox News Digital, referring to the viral ‘Quality Learing Center.’ 

    The misspelled Quality ‘Learing’ Center daycare sign became a focal point of the fraud scandal after YouTube journalist Nick Shirley dug into alleged fraud in Minnesota. 

    Fox News Digital learned that Ernst will also name Minnesota Gov. Tim Walz as the January recipient of her office’s ‘Squeal Award’ for ‘failing to stop the runaway fraud in his own backyard.’ Ernst awards various lawmakers and government fraud scandals themselves the Squeal Award each month to spotlight ‘out of control waste.’

    The governor dropped out of his re-election effort earlier in January amid the fallout of the fraud scandal. Walz, who has served as governor since 2019, took ownership of the fraud as it occurred under his watch, but argued multibillion-dollar figures were ‘sensationalized’ by Republicans. 

    ‘Whoever is in charge. Unlike the president, I’m governor now (and) whether these programs happen before we got here or afterwards, it doesn’t matter. We’re here now. We’re the ones fixing it. You have my guarantee on this, that I certainly will have this thing fixed,’ Walz said earlier in January. 

    Fox News Digital reached out to his office on Thursday morning for additional comment. 

    Ernst has long positioned herself as a leading Senate watchdog on waste and fraud, working with both Congress and the Trump administration to flag questionable spending. 

    She launched and leads the Senate Department of Government Efficiency caucus as President Donald Trump readied to reclaim the Oval Office, which works to snuff out government spending, reduce bureaucracy and enforce transparency, producing more than $15.1 billion in real savings.


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    Snowstorm could’ve sparked grid catastrophe if Biden climate policies weren’t reversed: Energy Dept

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    : The electric grid kept the lights on for much of the country hit by the weekend’s massive snowstorm chiefly because the Trump administration broke from Biden-era plans, keeping five major coal-fired power plants online and allowing grid providers to draw in more fossil fuel-based energy in vulnerable areas.

    The Energy Department made the claims in exclusive comments to Fox News Digital, as officials said multiple megawatts of power were made additionally available from otherwise taboo hydrocarbons.

    Secretary Chris Wright issued several emergency orders over the weekend and through Tuesday that permitted power plants to operate beyond levels set by EPA regulations and considered the ceiling prior to President Donald Trump’s second term, a source familiar with the situation told Fox News Digital.

    Five such plants were on track to be closed under the Biden-era push to pivot from fossil fuels to green energy, the official said, adding that the Trump administration was prepared to give energy producers leeway to push more power online to reduce risks of blackouts. The Trump administration saved 17 gigawatts of coal power that were going to be forcibly shut down as well, Fox News has learned.

    ‘We told grid providers: if your energy demand reaches a critical level… let us know,’ the official said, adding that there is a direct correlation between the power being saved up and what was needed to keep the lights on as states from Alabama to Vermont were hammered with wintry weather and deep freezes.

    As the storm approached, Wright informed grid operators to be prepared to use more than 35 gigawatts of unused backup generation nationwide, sourced from anywhere from data centers to big-box stores, bypassing prior environmental regulations by emergency order.

    That gave a wide buffer against blackouts and hundreds of millions in emergency costs for Americans — as 1 gigawatt is enough to power Wright’s hometown Denver metro area alone.

    ‘How power sources perform during peak electricity demand reveal their true value,’ Energy Department press secretary Ben Dietderich told Fox News Digital.

    ‘Across the country, wind and solar generation plummeted while natural gas, coal and oil plants did the majority of the work keeping the lights on during the storm. According to DOE data, the Biden administration’s support for forcibly closing reliable coal and natural gas plants had America on track to see blackouts increase 100 times over by 2030.’

    ‘Thankfully, President Trump was elected and has already prevented the forced closure of five coal plants and more than 17 gigawatts of reliable coal power,’ Dietderich added.

    Dietderich said the Trump administration and Wright continue to be committed to ‘unleashing’ affordable and reliable energy that works — ‘whether the wind is blowing or the sun is shining,’ a common administration reference to the unreliability of those forms of green energy when those natural power sources aren’t present.

    As the storm approached, Wright remarked that the Trump administration ‘will not stand by and allow the previous administration’s reckless energy subtraction policies and bureaucratic red tape put American lives at risk.’

    The structure of the department’s emergency preparations is also meant to save American lives, he said.

    Energy secretary details how government shutdown impacts US nuclear stockpile

    In that regard, wind and solar power only accounted for 10% of the energy utilized across the storm’s path.

    Hydrocarbons and coal, by contrast, provided 68% of the power in those same areas, a power source often maligned on the left.

    The department noted that in New England — where renewable and green energy sources are often put on the proverbial pedestal — nearly two-thirds of the energy utilized was sourced from hydrocarbon-based or coal-fired power.

    American coal power itself provided enough electricity for 30 million homes across the storm’s path, the department said.

    Fox News Digital reached out to President Biden’s representatives for comment.


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    Silicon-Driven Health: AI Digital Twins And The US$1 Billion Pharma Deal

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    As massive capital flows into the life science sector, two distinct, and potentially opposing, strategic directions have emerged.

    While NVIDIA (NASDAQ:NVDA) is expanding its healthcare presence through a US$1 billion deal with Eli Lilly and Company (NYSE:LLY), Twin Health’s metabolic AI uses digital twins alongside device-driven biometrics to reverse chronic disease, a shift with the potential to render some medications, including high-cost GLP-1s, unnecessary.

    This convergence of physical AI and digital twin technology marks a new era where silicon meets biology.

    The digital twin: From concept to US$1 billion reality

    Dr. Michael Grieves first introduced the conceptual model of digital twins at a Society of Manufacturing Engineers conference in Michigan in 2002. He originally called it the “Information Mirroring Model”.

    The phrase was coined by NASA technologist John Vickers in 2010. He was collaborating with Dr. Grieves and suggested the name for a NASA technical roadmap to describe the virtual replicas of spacecraft used for simulation and safety.

    NVIDIA CEO Jensen Huang is currently the concept’s most well-known advocate after he used it to describe a cornerstone of NVIDIA’s Omniverse and industrial AI strategy at the GTC 2021 keynote. He later expanded this vision at CES 2026, where he declared that “the future of heavy industries starts as a digital twin.”

    In a move that expands digital twins’ use cases, NVIDIA and Eli Lilly recently announced a first-of-its-kind, five-year partnership to build a co-innovation lab in the San Francisco Bay Area. This US$1 billion investment focuses on moving drug discovery away from traditional trial-and-error toward a high-speed engineering model.

    Under the terms of the collaboration, the lab will utilize NVIDIA’s Vera Rubin chips, the successor to the Blackwell architecture, to provide the massive computational power required for large-scale biological models.

    Researchers will use NVIDIA’s BioNeMo AI platform to simulate vast chemical and biological spaces in silico before a single physical molecule is created in a lab.

    The collaboration extends into manufacturing, using NVIDIA Omniverse to create digital twins of production lines. This allows Lilly to stress-test supply chains and optimize the manufacturing of high-demand medications, such as GLP-1s and next-generation weight loss drugs.

    Twin Health: Reversing chronic disease with digital twins

    While NVIDIA and Lilly focus on creating new drugs, Twin Health is using AI to help patients wean off chronic injections.

    Twin Health is a precision health company focused on reversing chronic metabolic diseases, specifically type 2 diabetes and related conditions like obesity and hypertension, using AI and digital twin technology. The company was founded by Jahangir Mohammed, a serial entrepreneur who previously founded Jasper, an Internet of Things (IoT) pioneer, which was later acquired by Cisco.

    The core of Twin Health’s whole body digital twin technology is creating a dynamic, virtual map of a patient’s unique metabolism by gathering over 3,000 daily data points, including blood sugar, heart rate, sleep and physical activity.

    Users wear continuous glucose monitors and smartwatches at home to capture real-time data, paired with a provided smart scale and blood pressure cuff for daily vitals. AI takes this data to build a digital replica of the user’s body’s unique metabolic responses.

    No routine clinic visits are required for data collection, though periodic lab work and tele-coaching support the program. Through a mobile app, the AI provides real-time nudges; for example, it might tell the wearer that a 15-minute walk now will stabilize a blood sugar spike from their lunch.

    On January 12, the company rang the Nasdaq opening bell as new clinical and economic data were released that highlighted the platform’s efficacy in high-cost patient populations. Central to this milestone was the Cleveland Clinic-led Randomized Controlled Trial (RCT), originally published in the New England Journal of Medicine Catalyst on August 20, 2025.

    The study demonstrated that 71 percent of participants achieved type 2 diabetes reversal, defined as a level of hemoglobin A1C below 6.5 without the use of insulin or other glucose-lowering medications, with the exception of metformin, a low-cost, common first-line drug. Crucially for today’s market, the data showed that 85 percent of users were able to eliminate high-cost GLP-1 medications, such as Ozempic and Wegovy, while maintaining optimal blood sugar levels.

    Market analysis: The payer revolt and the shift to value

    The GLP-1 drug class rapidly transitioned from niche diabetes medications to multi-billion dollar blockbusters for obesity. From 2018 to 2023, researchers found that spending on GLP-1s in the US rose by more than 500 percent to reach US$71.7 billion. Sales are projected to reach US$100 billion by 2030.

    In a fierce race to meet skyrocketing demand that outstripped production capacity, Eli Lilly and its main competitor in this space, Novo Nordisk (NYSE:NVO), committed massive investments. Lilly invested US$9 billion into API production, while Novo Nordisk matched this with a US$11 billion investment in facilities across Denmark and North Carolina.

    Now, both companies are chasing affordability via direct-to-consumer deals and 2026 oral pills as payers raise plan costs or restrict access. AON’s Global Medical Trend Rates Report for 2026 projects 9.8 percent hikes in employer plan costs from GLP-1s and utilization surges, as Mercer’s Survey on Health and Benefit Strategies for 2026 shows 77 percent of large employers targeting GLP-1 costs, with coverage growth stalling amid restrictions.

    The payer revolt is fueling Twin Health’s rise, marked by its US$53 million August 2025 raise for Fortune 500 expansion. Twin Health’s performance model pays on outcomes, delivering an estimated US$8,000 savings per high-cost member.

    Big Pharma is betting on AI not just to sustain blockbuster growth but to reinvent the discovery engine amid exploding development costs. At Davos, Nvidia CEO Jensen Huang illustrated this shift bluntly: “Three years ago, most of their R&D budget…was probably wet labs,” Huang said. “Notice the big AI supercomputer that they’ve invested in, the big AI lab. Increasingly, that R&D budget is going to shift towards AI.”

    This comes as the pharmaceutical sector comes under pressure to justify hundreds of billions in R&D spending, where Phase I candidates still face a roughly 90 percent failure rate before approval. Eli Lilly could lower the cost of drug failure by embedding NVIDIA’s Vera Rubin chips into a 24/7 learning loop.

    The divergence between NVIDIA’s pharmaceutical supercomputer and Twin Health’s metabolic reversal tech captures 2026’s market trend pivot from AI experimentation to proven ROI. Deloitte’s 2026 US Health Care Outlook emphasizes that the industry is moving away from theoretical models in favor of scaling AI to realize measurable financial impact.

    Investor outlook

    Payers requiring measurable ROI are pushing healthcare innovators to prove value, whether by improving drug discovery or reversing chronic disease.

    This tension shapes investment strategies, too. Paul MacDonald, CIO at Harvest ETFs, welcomes AI’s momentum while highlighting GLP-1’s staying power in the firm’s HHL ETF.

    “AI in healthcare is very exciting, and we see practicable applications being deployed across many fields, most notably in the diagnostics areas, but increasingly in biopharma research and medical devices.

    “As exciting as technology like wearables and designing more personalized lifestyle plans is, we continue to believe that the broader obesity drug classes and markets will continue to grow significantly in the coming years.

    MacDonald points to expanding Medicare access and oral formulations as key drivers, even as payers tighten restrictions.

    “The systemic benefits and significant health benefits beyond weight loss from the drugs (are) resulting in expanding adoption, and broader coverage affording larger patient cohorts to access the drugs. Currently, there are pilot plans to expand access for Medicare (enrollees) in the USA later this year, which (will expand) the prescription volume potential significantly.

    “In addition to the traditional subcutaneous injection, oral options are increasing in availability, and that not only increases the potential for broader adoption but also improves the overall cost structure and margins for the companies with established production facilities.”

    MacDonald’s balanced allocation of AI excitement alongside GLP-1 conviction captures a new reality: in 2026, life sciences investors are navigating a complex landscape defined by more variables than ever before.

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

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