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Red Mountain Mining Continues to Advance the United States Critical Minerals Portfolio

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Red Mountain Mining Limited (ASX: RMX, US CODE: RMXFF, or “Company”), a Critical Minerals exploration and development company with an established portfolio in Tier-1 Mining Districts in the United States and Australia, is pleased to announce an update on the Company’s portfolio of high-quality Antimony projects in the United States.

Over the past six months, Red Mountain has moved decisively to acquire assets in Tier-1 regions in highly prospective antimony mineral districts in Montana, Utah and Idaho, USA, placing the Company in a strong strategic position as the US Government moves aggressively to secure domestic supply of Antimony which is classified as a Critical Metal by the United States and Australian Governments.

HIGHLIGHTS:

  • Red Mountain continues to deliver repeated successful project and development programs across its high-quality Critical Minerals portfolio, systematically advancing its United States and Australian projects toward development and directly supporting the US Government’s drive to secure domestic supply of critical metals

Thompson Falls Antimony Project, High-grade Antimony next to UAMY Antimony Smelter

  • Thompson Falls Antimony Project is 4.2km from the operations of United States Antimony Corporation (NYSE: UAMY; Market Cap $A1.5 billion), with the country’s only operating Antimony smelter
    • Initial sampling from Red Mountain’s Thompson Falls Project returned high-grade values of up 36.5% Sb and 0.65g/t Au
    • Additional assay results are now expected to be received by the end of February
  • Comprehensive surface mapping and sampling program to fast-track the definition of the Thompsons Falls Antimony Project resource potential, planned to launch next month
  • Red Mountain has recently strengthened its US technical team with dedicated drill-permitting expertise, driving the permitting process forward across all of the Company’s US Projects

Utah Antimony Project, Antimony Mining District

  • Utah Antimony Project adjoins American Tungsten and Antimony Ltd’s (ASX: AT4; Market cap A$200 million) Antimony Canyon Project (ACP), one of the largest and highest-grade Antimony projects in the USA, which has reported assays of up to 33% Sb and has a defined conceptual Exploration Target of 12.8 to 15.6 Mt @ 0.75% to 1.5% Sb, containing between 96,000 to 234,000 tons of Antimony metal
    • Recent visible stibnite mineralisation observed between AT4’s claims and RMX’s project provides evidence the ACP system may extend into the Utah Antimony Project*
    • Mapping analysis previously undertaken by RMX suggests that both the same type of host rocks and extensions of the large epithermal Antimony mineralising system targeted by AT4 at Antimony Canyon are present within the Utah Antimony Project**

Exceptionally Strong Antimony results from Thompson Falls and further assays pending

Red Mountain acquired the Thompson Falls Antimony Project on 5 February1, next to the only operating antimony smelter in the USA, US Antimony Corporation’s (NYSE: UAMY; Market Cap ~AU$1.5 billion) Thompson Falls Smelter and UAMY’s Stibnite Hill Mine in Montana (Figure 1).

First-pass exploration of Red Mountain’s Thompson Falls Antimony Project, by the Company’s US field team, successfully located three historical underground mines and pit within the project area. Initial sampling of material from Eastern Star returned multiple samples with high antimony and gold results, with peak results of 36.5% Sb and 0.65g/t Au1 (Figure 1; Figure 2).

Samples collected from Eastern Star closely resemble the quartz-stibnite veins mined at UAMY’s Stibnite Hill deposit, ~7km east of Red Mountain’s Thompson Falls Project area, although these veins are not recorded as producing gold. Red Mountain’s field team also collected additional rock samples from the project area, with assay results expected this month.

Click here for the full ASX Release

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What Was the Highest Price for Copper?

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Strong demand in the face of looming supply shortages has pushed copper to new heights in recent years.

With a wide range of applications in nearly every sector, copper is by far the most industrious of the base metals. In fact, for decades, the copper price has been a key indicator of global economic health, earning the red metal the moniker “Dr. Copper.” Rising prices tend to signal a strong global economy, while a significant longer-term drop in the price of copper is often a symptom of economic instability.

After bottoming out at US$2.17 per pound, or US$5,203.58 per metric ton (MT), in mid-March 2020, copper has largely been on an upward trajectory.

Why is copper so expensive in 2026? Higher copper prices over the past few years have largely been attributed to a widening supply/demand gap. Copper mining and refining activities simply haven’t kept up with the rebound in economic activity in recent years, and rising demand from AI infrastructure and electrification are raising demand even higher.

Now, global copper mine supply is tightening at a time when US President Donald Trump’s tariffs are placing further strains on copper supply. In response, copper prices hit multiple new records in 2025 and 2026.

In this article

    What key factors drive the price of copper?

    Robust demand has long been one of the strongest factors driving copper prices. The ever-growing number of copper uses in everyday life — from building construction and electrical grids to electronic products and home appliances — make it the world’s third most-consumed metal.

    Copper’s anti-corrosive and highly conductive properties are why it’s the go-to metal for the construction industry, and it’s used in products such as copper pipes and copper wiring. In fact, construction is responsible for nearly half of global copper consumption. Rising demand for new homes and home renovations in both Asian and Western economies is expected to support copper prices in the long term.

    In recent decades, copper price spikes have been strongly tied to rising demand from China as the economic powerhouse injects government-backed funding into new housing and infrastructure. Industrial production and construction activity in the Asian nation have been like rocket fuel for copper prices.

    Additionally, copper’s conductive properties are increasingly being sought after for use in renewable energy applications, including thermal, hydro, wind and solar energy.

    However, the biggest driver of copper consumption in the renewable energy sector is rising global demand for electric vehicles (EVs), EV charging infrastructure and energy storage applications. As governments push forward with transportation network electrification and energy storage initiatives as a means to combat climate change, copper demand from this segment is expected to surge.

    New energy vehicles use significantly more copper than internal combustion engine vehicles, which only contain about 22 kilograms of copper. In comparison, hybrid EVs use an average of 40 kilograms, plug-in hybrid EVs use 55 kilograms, battery EVs use 80 kilograms and battery electric buses use 253 kilograms.

    In 2025, EV sales worldwide increased by 20 percent over 2024 to come in at about 20.7 million units, and analysts at Rho Motion expect that trend to continue in the coming years despite some headwinds in the near-term.

    On the supply side of the copper market, the world’s largest copper mines are facing depleting high-grade copper resources, while over the last decade or more new copper discoveries have become few and far between. This is a challenging problem considering it can take as many as 10 to 20 years to move a project from discovery to production.

    There have also been ongoing production issues at copper mines over the past few years. In late 2023, First Quantum Minerals (TSX:FM,OTCPL:FQVLF) was forced to shut down its Cobre Panama mine by the government following wide-spread protests. Then, in 2025, accidents at Ivanhoe’s (TSX:IVN,OTCQX:IVPAF) Kamoa-Kakula mine in Mali and Freeport-McMoRan’s (NYSE:FCX) Grasberg mine in Indonesia wiped out hundreds of thousands of metric tons of production.

    While all three mines are expected to return to production, it will take time before they reach full capacity and will continue to exacerbate supply deficits in the copper market.

    The International Energy Agency (IEA) is forecasting a 30 percent shortfall in the amount of copper needed to meet demand by 2035. “This will be a major challenge. It’s time to sound the alarm,” IEA Executive Director Fatih Birol said.

    This has increased the need for end users to turn to the copper scrap market to make up for the supply shortage. Sometimes referred to as “the world’s largest copper mine,” recycled copper scrap contributes significantly to supplying and balancing the copper market.

    “We are seeing signs this could change. Much of the growth over the last five years has come from brownfield expansions rather than greenfield/new discoveries,’ she said. ‘Technology will likely help increase the chance of discovery, and broadly I would say that policymakers are now more supportive of mineral exploration as the push to secure critical raw materials supply has moved up the agenda.’

    Joannides offered some examples of greenfield projects in the pipeline: Capstone Copper’s (TSX:CS,OTC Pink:CSCCF) Santo Domingo in Chile, Southern Copper’s (NYSE:SCCO) Tia Maria in Peru and Teck Resources’ (TSX:TECK.A,TECK.B,NYSE:TECK) Zafranal in Peru.

    How has the copper price moved historically?

    Taking a look back at historical price action, the copper price has had a wild ride for more than two decades.

    Sitting at US$1.38 per pound in late January 2005, the copper price followed global economic growth up to a high of US$3.91 in April 2008. Of course, the global economic crisis of 2008 soon led to a copper crash that left the metal at only US$1.29 by the end of year.

    Once the global economy began to recover in 2011, copper prices posted a new record high of US$4.58 per pound at the start of the year. However, this high was short-lived as the copper price began a five year downward trend, bottoming out at around US$1.95 in early 2016.

    Copper prices stayed fairly flat over the next four years, moving in a range of US$2.50 to US$3 per pound.

    20 year COMEX copper price chart, 2006 to 2026.

    20 year COMEX copper price chart, 2006 to 2026.

    Chart via Macrotrends.

    The pandemic’s impact on mine supply and refined copper in 2020 pushed prices higher despite the economic slowdown. The copper price climbed from a low of US$2.17 in March to close out the year at US$3.52.

    In 2021, signs of economic recovery and supercharged interest in EVs and renewable energy pushed the price of copper to rally higher and higher. Copper topped US$4.90 per pound for the first time ever on May 10, 2021, before falling back to close at US$4.76.

    Also affecting the copper price at that time was expectations for higher copper demand amid supply concerns out of two of the world’s major copper producers: Chile and Peru. In late April 2021, port workers in Chile called for a strike, while in Peru presidential candidate Pedro Castillo proposed nationalizing mining and redrafting the country’s constitution.

    In early May 2021, news broke that copper inventories were at their lowest point in 15 years. Expert market watchers such as Bank of America commodity strategist Michael Widmer warned that further inventory declines into 2022 could lead to a copper market deficit.

    After climbing to start 2022 at US$4.52, the copper price continued to spike on economic recovery expectations and supply shortages to reach US$5.02 per pound on March 6. Throughout the first quarter, fears of supply chain disruptions and historically low stockpiles amid rising copper demand drove prices higher.

    However, copper prices pulled back in mid-2022 on worries that further COVID-19 lockdowns in China, as well as a growing mortgage crisis, would slow down construction and infrastructure activity in the Asian nation. Rising inflation and interest hikes by the Fed also placed downward pressure on a wide basket of commodities, including copper. By late July 2022, copper prices were trading down at nearly a two year low of around US$3.30.

    In the early months of 2023 the copper price was trading over the US$4 per pound level after receiving a helpful boost from continuing concerns about low copper inventories, signs of rebounding demand from China, and news about the closure of Peru’s Las Bambas mine, which accounts for 2 percent of global copper production.

    However, that boost turned to a bust in the second half of 2023 as China continued to experience real estate sector issues, alongside the economic woes of the rest of the world. The price of copper dropped to a low for the year of US$3.56 per pound in mid October.

    Elevated supply levels kept copper trading in the US$3.50 to US$3.80 range for much of Q1 2024 before experiencing strong gains that pushed the price of the red metal to US$4.12 on March 18.

    Those gains were attributed to in part to tighter copper concentrate supply following the closure of First Quantum Minerals’ Cobre Panama mine, guidance cuts from Anglo American (LSE:AAL,OTCQX:AAUKF) and declining production at Chile’s Chuquicamata mine. In addition, China’s top copper smelters announced production cuts after limited supply led to lower profits from treatment and refining charges.

    BHP’s (ASX:BHP,NYSE:BHP,LSE:BHP) attempted takeover of Anglo American also stoked fears of even tighter global copper mine supply. These supply-side challenges continued to juice copper prices in Q2 2024, causing a jump of nearly 29 percent from US$4.04 per pound on April 1 to a then all-time high of US$5.20 by May 20, 2024.

    After starting 2025 at US$3.99 per pound, copper prices were lifted in Q1 by increasing demand from China’s economic stimulus measures, renewable energy and artificial intelligence (AI) technologies and stockpiling brought on by fear of US President Trump’s tariff threats.

    At the time, Trump had said the US was considering placing tariffs of up to 25 percent on all copper imports in a bid to spark increased domestic production of the base metal.

    In late February, he signed an executive order instructing the US Commerce Department to investigate whether imported copper poses a national security risk under Section 232 of the Trade Expansion Act of 1962. The price of copper reached a new high price of US$5.24 per pound on March 26 as tariff tensions escalated.

    Trump’s tariff talk sparked yet another copper price rally in early July when he announced he plans to impose a 50 percent tariff on all imports of the red metal, and it moved higher towards the end of the month in anticipation of them entering effect. By the end of the month, the copper price had climbed to US$5.96 per pound.

    However, copper’s price plummeted back toward the US$4 mark on July 31 following the reveal that tariffs would not be imposed on imports of raw or refined copper, instead targeting semi-finished copper products.

    The price began to rebound once again in September following the accident at Freeport McMoRan’s Grasberg mine, ultimately tipping the market from a surplus position into a deficit.

    The price crossed back above the US$5 mark by the end of October, and, with supply and demand fundamentals fueling its momentum, copper was trading at US$5.60 by the end of 2025.

    What was the highest price for copper ever?

    The highest ever copper price on the COMEX is US$6.61 per pound, while the highest LME copper price is US$14,572.54 per metric ton. Copper hit both of these new all-time highs on January 29, 2026. Read on to found out how the copper price reached those heights.

    Why did the copper price hit an all-time high in 2026?

    The new copper high on January 29, 2026, resulted from a buying spree driven by speculative trading, primarily out of China amid growing expectations of higher growth in the US economy and an increased global spending on data centers and power infrastructure projects.

    That day, copper prices on the LME jumped 11 percent, although the gain had lessened to a 4 percent jump by the close of trading.

    Looking at the bigger picture, copper’s rally in recent years has encouraged bullish sentiment on prices looking ahead. In the longer term, the fundamentals for copper are expected to get tighter as demand increases from sectors such as EVs and energy storage.

    A May 2024 report from the International Energy Forum (IEF) projected that as many as 194 new copper mines may need to come online by 2050 to support massive demand from the global energy transition.

    Additionally, a January 2026 report from S&P Global stated that the world will need 14 million more metric tons of copper annually to meet demand compared to 2025’s 27 million MT of copper. The firm reports that supply is expected to peak in 2030 without expansion.

    Looking at renewable energy, according to the Copper Development Association, solar installations require about 5.5 MT of copper for every megawatt, while onshore wind turbines require 3.52 MT of copper and offshore wind turbines require 9.56 MT of copper.

    The rise of AI technology is also bolstering the demand outlook for copper. Commodities trader Trafigura has said AI-driven data centers could add 1 million MT to copper demand by 2030, reports Reuters.

    Where can investors look for copper opportunities?

    Copper market fundamentals suggest a return to a bull market cycle for the red metal in the medium-term. The copper supply/demand imbalance also presents an investment opportunity for those interested in copper-mining stocks.

    If you’re looking to diversify your portfolio with other investment options, check out copper ETFS and ETNs or copper futures contracts.

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

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    Stefan Gleason: Silver Wakeup in the West — What’s Happening, What’s Next

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    Stefan Gleason, CEO of Money Metals, breaks down recent silver and gold dynamics, discussing trends in the US retail market, as well as backups at refineries.

    While the situation has begun to normalize, he sees potential for further disruptions in the future.

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

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    PDAC 2026: Here’s What You Need to Know

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    The annual Prospectors & Developers Association of Canada (PDAC) convention is returning this year from March 1 to 4, and it comes at a significant time for the global resource sector.

    Precious metals prices are at historic highs, and countries around the world are increasingly recognizing the importance of the mining industry, especially when it comes to building out supply chains for critical minerals.

    This year’s convention, which will bring together more than 27,000 attendees from over 125 countries, promises to touch on these key topics and more as diverse thought leaders take the stage.

    Read on for her perspective on the industry and her tips and tricks for making the most of PDAC.

    INN: What is your sense of current resource sector sentiment heading into PDAC?

    KR: Heading into PDAC, there is a positive outlook across the resource sector. Demand for minerals remains strong, and higher commodity prices supported investment through much of 2025. That momentum is showing up across the industry, with companies advancing work and actively assessing new opportunities.

    At the same time, the global environment is becoming more competitive as countries work to secure the minerals needed to support their economies. That makes this an important time for the industry. The upcoming PDAC Convention provides the opportunity for leaders to step back from day-to-day tasks, assess where things are heading and have the kinds of conversations that help shape investment decisions.

    INN: Overall, what trends are standing out to you in the mining space right now?

    KR: One of the clearest trends is the growing recognition of how essential minerals are to modern life, from infrastructure and manufacturing to emerging technologies.

    That awareness continues to support interest in exploration and in building strong channels for future supply. Technology is also playing a larger role in how companies evaluate opportunities and make decisions, whether through robust geological data or improved digital tools that support exploration.

    At the same time, responsible development remains front of mind. Companies understand that environmental performance and strong relationships with communities are fundamental to long-term success. Taken together, these trends point to an industry that is adapting and positioning itself for what comes next.

    INN: Can you talk about the themes we’ll see at PDAC this year?

    KR: PDAC 2026 will focus on what is needed to drive new investment and responsible mineral development. Capital markets, supply chains, technological innovation and the broader policy environment will all feature prominently because these aspects directly influence how work advances across the sector.

    What makes the convention distinctive is the breadth of experience brought together across the event. Participants hear from industry leaders, technical experts and policymakers, but just as importantly, they have the opportunity to exchange perspectives with peers from around the world.

    INN: Are there any “can’t miss” presentations or events at PDAC you would highlight?

    KR: PDAC 2026 will host more than 1,300 exhibitors, representing the largest trade show footprint in the convention’s history. That level of participation underscores the convention’s role as a global meeting place for the mineral industry, bringing together companies, governments and service providers to showcase expertise, connect with decision-makers and build relationships that support investment and growth.

    The Keynote Program is a major draw, convening influential voices from across the global mining industry to discuss commodity outlooks, leadership, innovation and major discoveries.

    We will hear from Gustavo Pimenta, CEO of Vale (NYSE:VALE), on accelerating the future of mining, and from Don Lindsay, director at BHP (ASX:BHP,NYSE:BHP,LSE:BHP) and retired CEO of Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK), on mining finance and leadership. Mikko Tepponen, digital officer at BHP, will explore how data and artificial intelligence are influencing decision-making, while Paul Bartos, former principal greenfields geologist at AngloGold Ashanti (NYSE:AU,JSE:ANG), will deliver the Discovery of the Year keynote.

    Beyond the formal program, some of the most valuable moments happen in conversations throughout the convention, where introductions are made, partnerships take shape and new opportunities emerge.

    INN: Final thoughts on PDAC and/or the resource space?

    KR: The pace of change across the resource sector is accelerating, and the decisions being made today will help shape supply for decades to come.

    In that environment, opportunities to come together in person matter. PDAC creates space for thoughtful dialogue, informed debate and practical collaboration, the kinds of interactions that help turn ideas into action.

    As global demand for minerals continues to grow, the importance of aligning investment, innovation and responsible development has never been clearer. PDAC remains focused on supporting those conversations and helping to position the industry for long-term success.

    Register for PDAC now

    PDAC is widely regarded as a can’t-miss event for investors, executives and companies in the resource sector, and with over 1,300 exhibitors, this year’s convention is sure to be a dynamic experience.

    If you’d like to attend PDAC, click here for detailed information on how to register.

    You can also click here to sign up to receive the latest news and announcements from PDAC, or follow PDAC on X, LinkedIn, YouTube, Facebook and Instagram. We look forward to seeing you there!

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

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    Ni-Co Energy Inc. Files Preliminary Prospectus for Proposed Initial Public Offering

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    Ni-Co Energy Inc. (“Ni-Co Energy” or the “Company”) is pleased to announce that it has filed a preliminary prospectus (the “Preliminary Prospectus”) with the securities regulatory authorities in the provinces of Québec, Ontario, Alberta, and British Columbia in connection with its proposed initial public offering (the “Offering”) of common shares of the Company (each a “Share”). The Offering is structured as a minimum offering of $1,500,000 (6,000,000 Shares) and a maximum offering of $3,000,000 (12,000,000 Shares), at a price of $0.25 per Share. The Company and the Agent (as defined herein) may jointly elect, at any time up to 48 hours prior to closing, to have up to 1,333,333 Shares issued as “flow-through” shares (each an “FT Share”) within the meaning of the Income Tax Act (Canada) at a price of $0.60 per FT Share.

    The Offering will be conducted on a best-efforts basis by Research Capital Corporation (the “Agent”). The Company has granted the Agent an over-allotment option, exercisable in the Agent’s sole discretion, in whole or in part, at any time until and including 30 days following the closing of the Offering, to purchase up to 1,800,000 additional Shares (representing 15% of the Shares sold under the Offering) at the applicable offering price. Pursuant to an agency agreement, the Agent will receive: (i) a cash agency fee equal to 10% of gross proceeds (or 4% in respect of sales to President’s List purchasers, being purchasers identified by the Company, representing up to $1,500,000 in subscriptions); (ii) a corporate finance advisory fee of $50,000; and (iii) agent’s compensation warrants entitling the Agent to purchase up to 1,200,000 Shares at $0.25 per share for a period of 24 months from the closing date of the Offering.

    The Preliminary Prospectus contains important information relating to the Company, its business, and the Offering, and remains subject to completion or amendment. Copies are available under Ni-Co Energy’s profile on SEDAR+ (www.sedarplus.ca). Completion of the Offering is subject to, among other things, the receipt of customary approvals, including regulatory approvals. There will not be any sale or any acceptance of an offer to buy the Shares until a receipt for the final prospectus has been issued by the relevant securities regulatory authorities in Canada.

    The Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws. Accordingly, the Shares may not be offered or sold within the United States or to U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or pursuant to exemptions from the registration requirements thereof. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Ni-Co Energy in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

    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.

    For Further Information, Please Contact

    Alain Tremblay
    President & Chief Executive Officer
    📧 info@nicoenergy.ca
    📞 819-485-1602

    Forward-Looking Information

    This news release may contain forward-looking information within the meaning of applicable securities laws, which reflects the Company’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, but are not limited to, failure to complete the Offering and the factors discussed under “Risk Factors” in the Preliminary Prospectus. Actual results could differ materially from those projected herein. The Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws.

    Source

    Click here to connect with Ni-Co Energy Inc. to receive an Investor Presentation

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    NorthStar Gaming Provides Update on Strategic Priorities for 2026

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    NorthStar Gaming Holdings Inc. (TSXV: BET,OTC:NSBBF) (OTCQB: NSBBF) (‘NorthStar’ or the ‘Company’) today provided an update on its strategic priorities for 2026, focused on disciplined execution, effective capital allocation, and improving the Company’s profitability profile. All dollar figures are quoted in Canadian dollars.

    The Company’s core strategy remains focused on growing and enhancing the NorthStar Bets online betting platform, which is known for its user-friendly interface, strong customer service, ongoing product innovation, and Canadian roots. Further enhancements to the core player experience and product functionality to drive retention and engagement will support the Company’s approach going forward.

    In 2026, the Company is executing a disciplined operating plan to progress towards profitability through advertising efficiency, operating leverage, and cost management. These initiatives are intended to preserve cash resources, improve near-term returns on invested capital, and continue to enhance the quality and functionality of the Company’s product offerings.

    As part of this plan, the Company has taken targeted actions to streamline general and administrative expenses. These actions are expected to result in approximately $3 million in annualized G&A cost savings, with the full financial impact expected to phase in over the course of 2026. In parallel, management continues to evaluate and implement additional operating and marketing efficiencies through oversight of discretionary advertising spend decisions and ongoing optimization of vendor and services contracts.

    ‘We are focused on taking deliberate, measured steps to position the Company for profitability,’ said Corey Goodman, Interim Chief Executive Officer of NorthStar. ‘The expected annualized G&A savings reflect measures that have largely been implemented. Building on these reductions, management is actively deploying additional efficiency and operating leverage initiatives across services, marketing spend, and cost of goods sold that are expected to materially enhance the Company’s EBITDA profile. In parallel, targeted investments in the product experience are being made to improve retention and increase the stability and predictability of revenue over time.’

    Key initiatives supporting these objectives include:

    • improving advertising productivity through more targeted and return-driven media deployment;
    • reducing reliance on external advertising agencies, further rationalizing agency fees, and renegotiating key vendor and services contracts as advertising spend levels are recalibrated;
    • continuing to prioritize customer retention through enhancements to the player experience, customer outreach, and internal processes;
    • selectively reducing salaried personnel and contracted services where efficiencies can be achieved and service levels can be maintained; and
    • refocusing the Company’s content strategy by reducing costs associated with the production of Sports Insights content and The Boost.

    Taken together, these initiatives are expected to have a meaningful impact on the Company’s EBITDA profile as cost efficiencies and operating leverage are realized over the course of 2026.

    The Company expects to continue to incur a declining portion of cash expenditures associated with resources being phased out of the business during a transition period through 2026, with the revised expense run rate expected to be fully reflected beginning in 2027. The Company expects to record certain restructuring-related costs in connection with these initiatives, which would be recognized in accordance with applicable international financial reporting standards. Management continues to actively monitor liquidity and capital requirements as these initiatives are implemented. The Company’s capital structure and lender relationships remain an important part of its broader operating and capital planning process. The cost reduction initiatives are expected to strengthen the Company’s covenant position in 2026, and constructive discussions with its senior lender are ongoing.

    Additional details regarding the Company’s financial outlook, liquidity and associated risks were described in its management’s discussion & analysis dated November 26, 2025, available on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.northstargaming.ca.

    About NorthStar

    NorthStar proudly owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience. Designed with high-stakes players in mind, NorthStar Bets Casino offers a curated selection of the most popular games, ensuring an elevated user experience. Our sportsbook stands out with its exclusive Sports Insights feature, seamlessly integrating betting guidance, stats, and scores, all tailored to meet the expectations of a premium audience.

    As a Canadian company, NorthStar is uniquely positioned to cater to customers who seek a high-quality product and an exceptional level of personalized service, setting a new standard in the industry. NorthStar is committed to operating at the highest level of responsible gaming standards.

    NorthStar is listed in Canada on the TSX Venture Exchange (‘TSXV’) under the symbol ‘BET’ and in the United States on the OTCQB under the symbol ‘NSBBF’. For more information on the Company, please visit: www.northstargaming.ca.

    No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 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 press release.

    Cautionary Note Regarding Forward-Looking Information and Statements

    This press release contains ‘forward-looking information’ within the meaning of applicable securities laws in Canada (‘forward-looking statements’), including without limitation, statements with respect to the following: expected performance of the Company’s business, including, but not limited to, anticipated expense run rates, cash-expenditures and restructuring-related costs, and the amount, nature timing of cost savings, return on investment and other benefits resulting from cost reduction and operating initiatives, expansion into new markets and future growth opportunities, and expected benefits of transactions. The foregoing are provided for the purpose of presenting information about management’s current expectations and plans relating to the future and allowing investors and others to get a better understanding of the Company’s anticipated financial position, results of operations, and operating environment. Often, but not always, forward- looking statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘continues’, ‘forecasts’, ‘projects’, ‘predicts’, ‘intends’, ‘anticipates’ or ‘believes’, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘should’, ‘might’ or ‘will’ be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. This forward-looking information is based on management’s opinions, estimates and assumptions, including, but not limited to, operating assumptions with respect to the timing of and benefits resulting from cost reduction and operating initiatives, that, while considered by NorthStar to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward- looking information. Such factors include, among others, the following: the Company’s ability to operate as a going concern, risks related to the Company’s business and financial position, including, but not limited to, compliance with debt-related covenants; risks associated with general economic conditions; the effect of capital market conditions and other factors on capital availability, adverse industry risks; future legislative and regulatory developments; the ability of the Company to implement its business strategies, including, but not limited to, its cost reduction and operating initiatives; and those factors discussed in greater detail under the ‘Risk Factors’ section of the Company’s most recent annual information form, which is available under NorthStar’s profile on SEDAR+ at www.sedarplus.ca. Many of these risks are beyond the Company’s control.

    If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents NorthStar’s expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

    All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

    For further information: Company Contact:

    Corey Goodman
    Interim Chief Executive Officer 647-530-2387
    investorrelations@northstargaming.ca

    Corporate Logo

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284980

    News Provided by TMX Newsfile via QuoteMedia

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    Homerun Resources

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    Investor Insight

    With one of the world’s highest-purity silica districts and a full-stack downstream strategy, Homerun Resources is building an integrated platform spanning raw materials, solar glass, energy storage and next-generation photovoltaics to capture value across the global clean-energy supply chain.

    Overview

    Homerun Resources (TSXV:HMR,OTC:HMRFF,FSE: 5ZE) is executing a three-phase strategic plan to become a leading global supplier and processor of high-purity silica, transforming it into high-value products for the renewable energy and advanced materials markets. Phase 1 secured the Belmonte Silica District and logistics pathway; Phase 2 is advancing construction of processing and solar glass facilities; Phase 3 will integrate downstream verticals which include energy storage, perovskite PV and AI-driven energy solutions.

    Map showing Homeland Resources

    The company’s competitive advantage begins with raw material quality. Its flagship silica sands rank among the purest globally, allowing direct use in solar glass manufacturing without costly beneficiation. Combined with supportive regional development initiatives, infrastructure access and proximity to export routes, this foundation supports low operating costs and accelerated development timelines.

    Homerun is targeting markets where demand is rising, supply is constrained and domestic production is strategically favored. Brazil currently imports most solar glass and high-purity silica products, creating a strong opportunity for a local supplier with scale, purity and vertical integration.

    Company Highlights

    • District-Scale Resource Control: Long-term agreements with Companhia Baiana de Pesquisa Mineral secure the Santa Maria Eterna silica district in Belmonte, Bahia, Brazil.
    • High-Purity Resource Base: 63.9 Mt measured + inferred grading >99.6 percent silicon dioxide (SiO₂) with ultra-low impurities suitable for direct solar-glass feed.
    • Integrated Revenue Model: Multiple profit centers across HPQ silica, ultra-pure processing, solar glass manufacturing, advanced materials and energy technologies.
    • Engineering Partnerships: Technical collaboration and budgetary design work from SORG Group and global specialists.
    • Energy Storage Innovation: Thermal storage system development with the National Renewable Energy Laboratory.
    • Next-Gen Solar Technology: Perovskite module development through subsidiary partnerships including Halocell.
    • Near-Term Production Plan: Initial 120,000 tpa ultra-pure silica plant targeting >99.99 percent purity.

    Key Projects

    Santa Maria Eterna Silica District

    Ship carrying large mounds of white silica material from Homerun Resources

    The Santa Maria Eterna (SME) district is Homerun’s cornerstone asset and hosts a NI 43-101 mineral resource of 25.56 Mt measured and 38.35 Mt inferred grading above 99.6 percent SiO₂. The deposit’s chemistry allows direct furnace feed for solar glass and high-end industrial applications, eliminating costly purification required by lower-grade deposits.

    Independent testwork has demonstrated the ability to upgrade material to >99.99 percent purity using advanced non-chemical processing techniques, confirming suitability for demanding high-technology markets such as solar modules, specialty glass and advanced ceramics.

    Strategically located beside a major roadway within trucking distance of export infrastructure, SME benefits from favorable logistics, low royalty rates and strong district-scale expansion potential.

    Highlights

    • 63.9 Mt combined resource

    • 99.6 percent SiO₂ purity

    • Ultra-low impurities

    • Direct solar-glass feed capability

    • District expansion upside

    HPQ Silica Processing Facility

    ​

    Homerun resources

    The planned HPQ processing plant represents Homerun’s first commercial development stage, designed to produce 120,000 tonnes per year of ultra-pure silica. Metallurgical testing confirms the ability to reach >99.99 percent purity levels required for solar, semiconductor, optical glass and specialty industrial applications.

    Because the feedstock is already exceptionally pure, the facility is expected to operate with lower processing intensity than typical silica upgrading operations. The modular plant design also allows scalable expansion aligned with market demand.

    This project establishes the foundation for Homerun’s downstream strategy, transforming raw silica into high-margin engineered materials rather than selling commodity sand.

    Highlights

    • Initial 120,000 tpa capacity

    • 99.99 percent purity output

    • Modular expansion capability

    • Targets high-value specialty markets

    • First step toward vertical integration

    Solar Glass Manufacturing Facility

    Homerun is advancing plans for Latin America’s first dedicated solar glass manufacturing plant located adjacent to its silica resource. The facility is designed to produce up to 365,000 tonnes annually, positioning the company to supply Brazil’s rapidly expanding solar industry.

    The project is supported by signed offtake agreements and engineering collaboration with leading global furnace and glass-plant specialists. Domestic tariffs and incentives supporting local manufacturing further strengthen the economics of in-country production.

    Brazil’s solar pipeline exceeds 100 GW of planned capacity, creating a large addressable market currently dependent on imports. Homerun’s strategy is to become a primary domestic supplier while retaining export optionality.

    Highlights

    • Planned 365,000 tpa capacity

    • Offtake agreements including 100,000 tpa contract

    • Engineering design underway

    • Resource-adjacent location lowers costs

    • Positioned to replace imports

    Thermal Energy Storage System

    Homerun has secured a global intellectual property agreement with NREL to commercialize the silica-based thermal energy storage system designed for long-duration renewable power storage. The system stores heat generated from renewable sources and releases it when needed, providing grid-scale flexibility.

    Unlike conventional batteries, thermal storage systems can offer long operating life, scalability and potentially lower lifetime costs. A pilot project is under construction to validate commercial performance and operating economics.

    An additional advantage is that the silica medium can be upgraded during operation, creating an ancillary revenue stream through sale of refined material.

    Highlights

    • Long-duration storage technology

    • Grid-scale scalability

    • 30-year lifespan target

    • Dual-revenue model potential

    • Pilot system underway

    Homerun Energy Platform

    Homerun Resources

    Through its Homerun Energy subsidiary, the company is integrating advanced photovoltaic and digital energy technologies. Members of Homerun Resources’ scientific research team, through its subsidiary Homerun Energy SRL, have been key contributors to advancements in perovskite technology, including a recent peer-reviewed study in Nature Energy demonstrating scalable materials and interface approaches for large-area modules. The research showed 9.0 sq cm and 48 sq cm modules retained over 95 percent of their initial efficiency after more than 5,000 hours of 1-sun light soaking at maximum power point, highlighting both high performance and long-term operational stability.

    The division also develops AI-driven energy management software designed to optimize generation, storage and consumption across distributed systems. This software layer introduces high-margin recurring revenue alongside hardware sales.

    By combining materials production, component manufacturing and intelligent energy optimization, Homerun aims to create a fully integrated clean-energy ecosystem spanning the entire value chain.

    Highlights

    • Advanced perovskite PV technology

    • 95 percent efficiency retention after testing

    • AI energy optimization platform

    • Recurring software revenue potential

    • Integrated materials-to-systems model

    Management Team

    Brian Leeners – CEO and Director

    Brian Leeners has over 30 years of experience in venture company management and is the founder of Nexvu Capital, where he raised more than US$125 million across materials and technology sectors. He is the architect of Homerun Resources’ vertically integrated strategy and leads corporate development and capital markets engagement.

    Antonio Vitor – Country Manager, Brazil

    Antonio Vitor is a mining executive with 10+ years of experience in project development and extensive government, banking, and industry connections in Brazil. He has held senior roles at Transpetro, PwC, and Shell, overseeing operations and strategic partnerships in the region.

    Armando Farhate – COO

    With 37 years of industry experience spanning Brazil, Canada, Namibia, and Botswana, Armando Farhate specializes in operations, engineering, and mineral resource development. He oversees Homerun’s processing, mining, and project construction activities.

    Nancy Zhao – CFO

    Nancy Zhao is a CPA with more than 9 years in public company finance, previously serving as CFO of First Hydrogen and Neo Battery Materials. She combines financial leadership with a background in chemical engineering and procurement for Sinopec.

    Dr. Mauro Cesar Terence – CTO

    Dr. Terence holds a PhD in nuclear technology and brings 25 years of academic R&D experience in polymers, nanomaterials, and graphene. Formerly a coordinator at the MackGraphe Research Center, he leads Homerun’s advanced materials and technology initiatives.

    Tyler Muir – Investor Relations

    Founder of TMM Capital Advisory, Tyler Muir has expertise in capital markets strategy, corporate communications, and investor engagement. He manages Homerun’s investor relations programs and market outreach.

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    Former Secret Service officials warn of low-tech threats facing Trump after latest Mar-a-Lago breach

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    A deadly confrontation at Mar-a-Lago over the weekend is the latest in a string of high-profile security incidents involving President Donald Trump, as former Secret Service officials warn that low-tech, lone actors now pose one of the toughest challenges to presidential protection.

    ‘It should be quite clear to all of us by now that Trump is the most threatened president in the history of the U.S.,’ former Secret Service agent William ‘Bill’ Gage told Fox News Digital Monday, pointing to multiple high-profile incidents in recent years. Unlike past presidencies, where threat levels often subsided over time, Gage said, ‘the longer he’s president, the more these attacks keep happening.’

    Gage said the most difficult cases to prevent are often the least sophisticated. The recent incidents, he noted, were ‘super low-tech attacks by people with zero training,’ using rudimentary weapons. ‘If you were standing behind them in line at Starbucks, you wouldn’t have given them a second look,’ he said.

    Gage said the threat landscape shifted over the course of his 12-year career as a Secret Service agent. When he joined the Secret Service in 2002, he said the agency was moving away from what he described as the traditional ‘lone gunman’ model — figures like Lee Harvey Oswald, who assassinated John F. Kennedy, or international militants such as ‘Carlos the Jackal,’ one of the world’s most wanted terrorists in the ’70s and 80s — and adapting to a post-9/11 world focused on coordinated terrorist networks like al Qaeda and later ISIS.

    ‘But if you look at Butler and the two incidents at Mar-a-Lago, those were super low-tech attacks,’ Gage said. ‘The low-tech actors are the ones that tend to slip through the cracks.’

    He also warned of a potential copycat effect when details of such incidents become public. 

    ‘If it were up to the Secret Service, they would never report any of these incidents ever,’ Gage said, arguing that widespread coverage allows others to ‘study what happened’ and attempt to refine it. 

    In today’s hyperconnected political climate, he said, that dynamic adds another layer of complexity for agents trying to stop the next threat before it materializes.

    In the early hours of Sunday, Feb. 22, 2026, a 21-year-old man identified as Austin Tucker Martin of North Carolina was shot and killed by U.S. Secret Service agents and a local sheriff’s deputy after entering the secure perimeter of Trump’s Mar-a-Lago resort in Palm Beach, Florida.

    Authorities say Martin drove through the north gate carrying a shotgun and a gasoline can. After being ordered to drop both, he dropped the can but raised the shotgun toward officers, who fired and killed him at the scene. Trump and First lady Melania Trump were in Washington at the time.

    The incident marked the third highly publicized security encounter involving Trump in less than two years. In July 2024, a gunman opened fire at a campaign rally in Butler, Pennsylvania, grazing Trump’s ear and killing an attendee before being shot by a Secret Service sniper. In September 2024, a man armed with a rifle was confronted by agents near Trump’s golf course while he was playing; that suspect was later convicted on attempted assassination charges.

    While the incidents have drawn intense attention, former Deputy Assistant Director Don Mihalek said the latest Mar-a-Lago intrusion does not necessarily signal a breakdown in protective systems.

    ‘He got through an exterior gate of an active club,’ Mihalek told Fox News Digital. ‘This wasn’t someone reaching the president’s residence.’ Agents confronted the suspect within seconds, he said, describing the rapid response as evidence that overlapping security layers functioned as designed.

    Mihalek said presidential protection relies on multiple rings of security because outer perimeters at properties like Mar-a-Lago cannot be sealed in the same way as the White House. ‘If he ended up in the president’s house on Mar-a-Lago, that might be a different conversation,’ he said.

    He also cautioned against viewing recent incidents in isolation, noting that presidents routinely face roughly 2,000 threats per year, most of which are mitigated before the public ever becomes aware of them. ‘These just happen to be very public instances,’ Mihalek said, arguing that the social media era amplifies perceptions of escalation.

    Mihalek pointed to last summer’s rally shooting in Butler as an example of how early intervention can be decisive, noting that local law enforcement had reportedly identified the suspect prior to the attack. ‘If somebody had walked up and said, ‘Hey, who are you?’ we wouldn’t be talking about Butler,’ he said.

    As Trump prepares to address Congress at the State of the Union, both former officials said the security posture at the Capitol is unlikely to change in response to the weekend incident.

    The annual address is designated a National Special Security Event — the highest level of federal security planning — triggering coordination among the Secret Service, U.S. Capitol Police, FBI, War Department and other agencies. The designation allows for expanded perimeter controls, airspace restrictions and continuity-of-government planning.

    Gage, who previously led advance planning for State of the Union addresses, said the event operates under a well-established security ‘blueprint’ built to account for worst-case scenarios. ‘There’s really no way to increase it anymore,’ he said.

    Both former officials said the defining challenge for presidential protection today is unpredictability: individuals with minimal training, rudimentary weapons and the ability to find reinforcement online. Unlike organized extremist networks, such actors may leave few detectable signals before acting.

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    UK government to unseal former ambassador Mandelson documents tied to Jeffrey Epstein probe

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    The UK government is set to unseal a first batch of key documents relating to Peter Mandelson’s appointment as ambassador to the U.S., MPs were told Monday.

    The disclosure, set for ‘early March,’ follows a Commons motion ordering the release of files related to Mandelson’s vetting for the post and comes in the wake of his arrest on suspicion of misconduct in public office.

    ‘The government expects to be able to publish the first tranche of documents very shortly, in early March,’ Darren Jones, chief secretary to Prime Minister Keir Starmer, told the House of Commons.

    ‘I should, however, inform the House that it remains the case that a subset of this first tranche of documents is currently subject to the ongoing Metropolitan Police investigation,’ he said.

    Jones added that ‘a small portion of that material engages matters of national security or international relations’ and would be handled through the Intelligence and Security Committee, in line with the will of the House.

    As previously reported by Fox News Digital, a Metropolitan Police spokesperson confirmed in a statement Monday that officers had arrested a 72-year-old man at an address in Camden and took him to a London police station for questioning.

    The arrest follows revelations about Mandelson’s links to convicted sex offender Jeffrey Epstein and comes days after former Prince Andrew was detained.

    The investigation relates to allegations that Mandelson shared confidential government information with Epstein while serving as business secretary.

    Police had opened a criminal inquiry after the government passed on communications between the former ambassador and the disgraced financier.

    Emails released by the U.S. Department of Justice also appeared to show Mandelson sharing market-sensitive information with Epstein during the 2008 financial crisis.

    Mandelson has denied wrongdoing and said he does not recall the alleged disclosures and apologized to Epstein’s victims for maintaining contact with him after his conviction.

    On Feb. 4, Starmer told the Commons: ‘I’m as angry as anyone about what Mandelson has been up to. The disclosures … are utterly shocking and appalling. He has betrayed our country. He has lied repeatedly. He is responsible for a litany of deceit.’

    Starmer later said that if he had known then what he knows now, Mandelson ‘would never have been anywhere near government.’

    Mandelson, an architect of New Labour, was appointed U.S. ambassador before being dismissed in September 2025 as scrutiny over his links to Epstein intensified. 

    He resigned from the Labour Party and stepped down from the House of Lords.

    As U.S. ambassador, Mandelson scored an early victory by ensuring Britain was the first country to agree to a deal with the U.S. to lower some of President Donald Trump’s tariffs, but was fired a few months later.

    Starmer has also faced calls to step down over Mandelson’s appointment, Reuters reported.

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