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Ferro-Alloy Resources Limited (LSE:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, is pleased to announce that it has entered into a non-binding, non-exclusive, memorandum of understanding (‘MOU’) for the supply of up to 360,000 tonnes of carbon black substitute (‘CBS’) per year, to Qingdao Master Tyre Co., Ltd (‘Master Tyre’).

The MOU will be for the supply of the new CBS product (‘New CBS’) which will be produced from high-carbon / low vanadium waste rock (as announced on 27 June 2025).

Testing and development of the New CBS product is considered to be a priority project for Master Tyre over the next three years, as part of its 2036 strategy.

Commenting, Nick Bridgen, CEO of Ferro-Alloy Resources, said:

‘Master Tyre’s innovative approach to tyre manufacturing and R&D capability will maximise the environmental and cost benefits of using our latest CBS product and will develop significant technical knowledge in optimising its use in rubber manufacturing.

This New CBS product was not included in our recently announced feasibility study, which only envisaged our original CBS product made from the tailings of the vanadium production process. The net cash flows from this New CBS product are additional to the already strong financial characteristics of the Balasausqandiq project.’

MOU summary

  • The Company has entered into a non-binding, non-exclusive, MOU for the supply of New CBS to Master Tyre.
  • Master Tyre plans to use the New CBS for its own production and for sale to other tyre and rubber manufacturers in the People’s Republic of China (‘China’).
  • Key terms of the MOU as follows:
    • Supply of up to 360,000 tonnes of New CBS per year
    • Pricing to be agreed in future commercial negotiations
    • Close technical cooperation between the Company and Master Tyre in the optimisation of product specification for the substitution of New CBS into rubber production
    • Development of the relevant agreements and legal documents necessary to achieve a binding sale and purchase contract
    • Termination upon the earlier of the conclusion of a binding sale and purchase contract between the parties or three years

About Master Tyre

  • Master Tyre is also a distributor of carbon black across major tyre manufacturers in China and as a result the New CBS is being tested by its own carbon black customers as well as the Qingdao University of Science and Technology.
  • As part of these test programmes the New CBS, in addition to carbon black substitution, is being tested as a substitute for silicon dioxide (another key component of tyre rubber manufacturing) given the background silica content of the New CBS product.
  • At the end of 2025 Master Tyre formulated its 2036 strategy and has included the Company’s New CBS product as a priority project for development over the next three years.

Background to the CBS opportunity

Large quantities of carbon black are used worldwide as a reinforcing filler for making rubber. This material is usually made from the incomplete combustion of hydrocarbons in a process which is expensive and highly polluting, involving emissions of between two and three tonnes of CO2 for each tonne of product.

The ore at Balasausqandiq contains high levels of carbon in a form similar to manufactured carbon black. As part of the feasibility study announced on 13 October 2025, the Company successfully tested the production of a substitute for carbon black made from the concentrated tailings of the vanadium production plant. Specialist rubber consultants confirmed the good technical performance of this material in making rubber, particularly passenger car tyre side walls, and a marketing report was produced with pricing recommendations. The feasibility study envisages production of around 247,000 tonnes of this CBS.

As announced on 27 June 2025, the Company has developed another type of CBS to be made from the high carbon / low vanadium waste rock which is to be mined in order to access the high vanadium ore and was previously planned to be stored in long term tailing storage facilities. This material will not be treated for vanadium production as the grade of vanadium is too low. There is a possibility that the CBS planned as part of the feasibility study could, instead, be produced in greater quantities as New CBS, although the benefits of doing this will depend on relative pricing.

Both types of CBS can be produced by the Company with a small fraction of the emissions usually produced from the manufacture of carbon black by conventional means.

For further information, visit www.ferro-alloy.com or contact:

Ferro-Alloy Resources Limited

Nick Bridgen (CEO) / William Callewaert (CFO)

info@ferro-alloy.com

Shore Capital

(Joint Corporate Broker)

Panmure Liberum Limited

(Joint Corporate Broker)

BlytheRay (Financial PR)

Toby Gibbs / Lucy Bowden

Scott Mathieson / John More

Tim Blythe / Megan Ray / Will Jones

+44 207 408 4090

+44 20 3100 2000

+44 20 7138 3204

ferro-alloy@blytheray.com

Notes to Editors

About Ferro-Alloy Resources Limited:

The Company’s operations are all located at the Balasausqandiq deposit in Kyzylordinskoye Oblast in the South of Kazakhstan.

Balasausqandiq is a very large deposit, with vanadium as the principal product together with the carbon black substitute (‘CBS’) and several by-products. Owing to the nature of the ore, the capital and operating costs are very much lower than for other vanadium projects.

The most recent mineral resource estimate for ore-body one (of seven) provided an Indicated Mineral Resource of 32.9 million tonnes at a mean grade of 0.62% vanadium pentoxide (‘V2O5‘) equating to 203,364 contained tonnes of V2O5. In the system of reserve estimation used in Kazakhstan the reserves are estimated to be over 70 million tonnes in ore-bodies 1 to 5, but this does not include the full depth of ore-bodies 2 to 5, or the remaining ore-bodies which remain substantially unexplored.

The grade of carbon in the deposit is over 8%. The carbon flows through to the tailings from where it is concentrated, in a simple low-cost operation, into a 40% carbon product, the CBS, that can be used in place of carbon black as a reinforcing filler in the making of rubber.

The Project will be developed in two phases, Phase 1 and Phase 2, with Phase 1 treating 1.65 million tonnes per year.

There is an existing concentrate processing operation at the site of the Balasausqandiq deposit. The production facilities were originally created from a 15,000 tonnes per year pilot plant, which was then expanded and adapted to recover vanadium, molybdenum and nickel from purchased concentrates. Alongside this operation, there is a well-equipped laboratory and highly skilled technical team, who have already developed the technology that is being built into the feasibility study and is further developing and optimising processes needed for future vanadium and carbon operations. The plant will operate only when profitable concentrates are available and, when not operating as a production facility, will operate on an expanded basis as an R&D centre.

Source

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Brazil’s vast but underdeveloped rare earth resources are emerging as a focal point in renewed talks with the US, as both governments explore ways to bolster ex-China supply chains.

Washington has been quietly sounding out Brasília on a potential rare earths partnership following a tentative diplomatic thaw between President Donald Trump and Brazilian President Luiz Inácio Lula da Silva, According to a Financial Times report.

Brazil holds the world’s second-largest reserves of rare earth elements, according to the US Geological Survey (USGS), yet produces only a fraction of global supply and has limited processing capacity.

Currently, China controls about 60 percent of global rare earth mining and more than 90 percent of processing, a dominance that has come into sharper focus after Beijing imposed export restrictions in response to Trump’s trade tariffs.

Since then, the US has accelerated efforts to secure alternative sources, striking critical mineral agreements with countries including Australia and the Democratic Republic of Congo.

“There’s nothing but opportunity here,” one official familiar with the discussions told the Financial Times. “Brazil’s government is open to a deal on critical minerals.”

Talks remain at an early stage, but engagement has intensified over the past year.

Gabriel Escobar, the US chargé d’affaires in Brazil, has discussed rare earths with Brazil’s mining association Ibram and companies active in the sector, according to people with knowledge of the meetings.

Officials from the US Department of Commerce and Brazil’s trade ministry have also held preliminary discussions on critical minerals cooperation.

Momentum has also been reinforced by growing competition for Brazil’s attention. In Rio de Janeiro last week, European Commission President Ursula von der Leyen said the EU was in talks with Brazil on a critical raw materials agreement covering lithium, nickel and rare earths, framing the issue as central to strategic autonomy.

Despite the country’s abundance of the resource, Brazil’s rare earth ambitions are constrained by familiar hurdles. Projects have struggled with financing, regulatory delays and a lack of geological mapping.

For instance, Serra Verde, Brazil’s only operating rare earth mine, took 15 years to reach production. The mine received a US$465 million loan from the US International Development Finance Corporation in August last year.

Political risk consultants see conditions aligning for a future agreement. Christopher Garman of Eurasia Group said he expects progress soon. “We’ve got like a 75 percent odds of some kind of a deal occurring by Q1,” he said.

Brazilian policymakers see rare earths as both an economic opportunity and a diplomatic lever. The country has been seeking to rebalance relations with Washington after tensions flared last year over US trade tariffs and sanctions linked to the prosecution of former president Jair Bolsonaro.

Since then, the US has rolled back some measures, including tariffs on Brazilian food products, and reopened broader trade talks.

Commercial interest is already building around this policy shift. Australian-listed developer Viridis Mining and Minerals (ASX:VMM) is in talks with potential rare earth buyers in the US and Europe for material from its proposed Colossus project in Minas Gerais, as noted in a Bloomberg report.

Klaus Petersen, Viridis’s Brazil country manager, said the company aims to sign multiple offtake agreements as Western customers look to diversify away from China.

Still, potential friction points remain, including Brazil’s condemnation of recent US actions in Venezuela. While analysts say those tensions could slow negotiations, they are unlikely to derail them entirely given the strategic importance of minerals.

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

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Silverco Mining Ltd. (TSXV: SICO) (‘Silverco‘ or the ‘Company‘) announces that it has entered into a binding letter (the ‘Binding Letter‘) dated January 19, 2026, providing for the acquisition by the Company of an arm’s length party, Nuevo Silver Inc. (‘Nuevo Silver‘).

The Binding Letter contemplates that the acquisition will be affected by way of a three-cornered amalgamation, pursuant to which Nuevo Silver will amalgamate with a wholly-owned subsidiary of Silverco, and the existing shareholders of Nuevo Silver will be issued common shares of Silverco (each, a ‘Silverco Share‘) in consideration for common shares of Nuevo Silver (each, a ‘Nuevo Silver Share‘) presently held (the ‘Acquisition‘).

Transformational Transaction for Silverco

Silverco is acquiring Nuevo Silver, which recently entered into a Share Purchase Agreement with a party arm’s length to Silverco and Nuevo Silver, to acquire 100% of the producing La Negra Silver Mine in Querétaro Mexico (the ‘La Negra Mine‘).

The Acquisition provides several benefits to Silverco, including:

  • Immediate production and cash flow
  • ~US$8M in cash
  • Diversifying Silverco’s asset base
  • Adding an established operating team in Mexico

Mark Ayranto, CEO of Silverco, commented: ‘The acquisition of Nuevo Silver and the La Negra Mine is a transformative milestone that immediately shifts Silverco from a developer into a cash-flowing producer. La Negra is currently operating at approximately 55% capacity, providing a robust foundation of existing cash flow that we see a clear pathway to build upon by significantly increasing throughput during the remainder of 2026. This accretive acquisition delivers immediate shareholder value and, when combined with our wholly-owned Cusi Property, which we expect to return to operation in the second half of 2026, accelerates our vision to become a 10M oz AgEq producer within 3 years.’

Acquisition Deal Terms

Holders of Nuevo Silver Shares will be issued an aggregate of 16,802,316 Silverco Shares pursuant to the Acquisition. Upon completion of the Acquisition, based on the total number of currently issued and outstanding Silverco Shares, former holders of Nuevo Silver Shares will hold approximately 34% of the outstanding Silverco Shares, and the existing holders of Silverco Shares will hold approximately 66% of the outstanding Silverco Shares. Silverco will also assume approximately US$11M in debt associated with the La Negra Mine, US$12.5M in milestone payments due in Q1 2027 and US$5M in contingent payments potentially due between Q1 2027 and Q1 2028.

Silverco and Nuevo Silver have agreed to diligently and in good faith negotiate a definitive agreement (the ‘Definitive Agreement‘) regarding the Acquisition; however, the terms of the Binding Letter will govern the transaction in the event that a Definitive Agreement is not executed.

Closing of the Acquisition is subject to a number of customary conditions, including all necessary consents, approvals, and other authorizations of any regulatory authorities or third parties being obtained, including, without limitation the conditional approval of the TSX Venture Exchange (the ‘Exchange‘); completion by Nuevo Silver of the acquisition of the La Negra Mine; receipt by Silverco of a technical report, if required, in respect of the La Negra Mine; receipt by the Silverco board of a favourable fairness opinion; and Silverco board approval.

The closing of the Acquisition will occur as soon as reasonably possible after the satisfaction or waiver of all conditions precedent.

As insiders of the Company will acquire Nuevo Silver Shares as a result of the acquisition by Nuevo Silver of the La Negra Mine, the Acquisition is considered a ‘related party transaction’ pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company is exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with such insiders’ participation in the Acquisition in reliance on Sections 5.5(b) and 5.7(1)(a) of MI 61-101.

Advisors and Counsel

Canaccord Genuity Corp. is acting as financial advisors to Silverco. DLA Piper is acting as legal counsel to Silverco. Cassels Brock & Blackwell LLP is acting as legal counsel to Nuevo Silver.

Qualified Person

All scientific and technical information in this news release has been reviewed and approved by Nico Harvey. Mr. Harvey is VP Project Development of the Company and is a qualified person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

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’

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

For further information, please contact:

Investor Relations & Communications
Email: info@silvercomining.com
www.silvercomining.com

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

Cautionary Statement and Forward-Looking Information

This news release contains ‘forward-looking statements’ and ‘forward-looking information’ (together, ‘forward-looking statements’) within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or the Company’s future performance and are generally identified by words such as ‘anticipate’, ‘believe’, ‘continue’, ‘could’, ‘estimate’, ‘expect’, ‘forecast’, ‘goal’, ‘intend’, ‘may’, ‘objective’, ‘outlook’, ‘plan’, ‘potential’, ‘priority’, ‘schedule’, ‘seek’, ‘should’, ‘target’, ‘will’, and similar expressions (including negative and grammatical variations).

These forward-looking statements are based on a number of assumptions that, while considered reasonable by the Company as of the date of this release, are inherently subject to significant business, technical, economic and competitive uncertainties and contingencies. Key assumptions include but are not limited to: the ability of the parties to complete the acquisition of the La Negra Mine and the Acquisition; the receipt of all required approvals including, but not limited to, board, shareholder and Exchange approval in a timely manner; the potential of the La Negra Mine; future production; achieving the Company’s goals; the potential benefits of the Acquisition; no material adverse changes to general business, economic, market and political conditions; commodity price and foreign exchange assumptions; inflation and input costs remaining within expectations; and the Company’s ability to secure additional financing on acceptable terms when required.

Forward-looking statements 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. Such risks are set out in the Company’s public disclosure filings available on SEDAR+ at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking statements. The purpose of forward-looking statements is to provide readers with information about management’s current expectations and plans and may not be appropriate for other purposes. No assurance can be given that such statements will prove to be accurate; actual results and future events could differ materially. The Company undertakes no obligation to update or revise any forward-looking statements contained herein, except as required by applicable securities laws.

Source

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American Lithium Minerals (OTCID:AMLM) has acquired a 19 percent stake in privately held Cunningham Mining, expanding its exposure to precious metals in British Columbia’s Golden Triangle.

The acquisition gives the OTC-listed explorer an indirect interest in Cunningham’s Nugget Trap placer claims, a 573.7-acre property registered with the British Columbia Mineral Title registry and located within the Skeena Mining Division.

The transaction adds a permitted gold project to American Lithium Minerals’ growing portfolio as it seeks to diversify across gold, lithium, rare earths and other critical minerals.

According to the company, the Nugget Trap property is authorized for a pay mining program of up to 30,000 cubic yards per year under permits issued by the British Columbia Ministry of Mines.

A recent independent assay based on a 25-pit test program reported average grades of more than 25.54 grams of gold per cubic meter along with recoverable silver.

The company attributes the mineralization to large gold and copper systems located upstream, including the Mitchell, Sulphurets, Kerr and Snowfield deposits.

Located in northwestern British Columbia, the Golden Triangle has drawn renewed industry attention amid higher gold prices and expanding infrastructure.

The Nugget Trap interest adds to a geographically diverse asset base that includes silver, copper-gold, rare earth and polymetallic projects in Chile, Quebec, Yukon and Nevada.

Among those is the Sarcobatus lithium property in central Nevada, covering roughly 1,780 acres of mining claims.

The project also sits near Seabridge Gold (TSX:SEA,NYSE:SA)’s KSM project, one of the world’s largest undeveloped gold deposits by reserves. Seabridge’s most recent preliminary feasibility study estimates proven and probable reserves of 38.8 million ounces of gold and 10.2 billion pounds of copper.

Alongside the deal, the company also announced the appointment of Ryan Cunningham as president and chief executive officer of its wholly owned subsidiary, American Mineral Resources.

American Lithium Minerals said it continues to pursue financing and additional acquisitions to advance its exploration assets toward potential production.

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

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(TheNewswire)

Steadright Critical Minerals, Inc.

 

January 20th, 2026 TheNewswire – Muskoka – Ontario Steadright Critical Minerals Inc. (CSE: SCM,OTC:SCMNF) (‘Steadright’ or the ‘Company’), a resource exploration company focused on near-term production announces that the former property owner EMTF Sarl had applied for a Mining License and Environmental Permit on the ‘Copper Valley’ HISTORIC COPPER-LEAD-SILVER PROJECT that Steadright has just acquired. The licences applied for are for the exploration permit No. 3843143 that Steadright is putting into NSM Capital Sarl, a Moroccan-based company.

  


Click Image To View Full Size

 

Press released on January 8th, 2026 SCM.

  

Steadright consulted its Moroccan Geological team over the weekend and they are expecting within the next Month to receive the Mining License. NSM Capital Sarl management in Morocco have taken over this process and plan on closing it as soon as possible. Steadright has a 75% interest in the common shares of NSM through a shareholder agreement with Critical Foundation Metals Inc. (CFM), which owns 25%.

  

The Historical Goundafa Polymetallic Copper-Zinc-Lead-Silver-Gold Mine, with a conceptual model of 6.62 million tons with grades of 2.1% Zn, 1.8% Pb and 1.5% – 2.1% Copper and up to 3.5 g/t Gold (October 28th, 2025 press release) is moving forward with its news-released removal of the site’s mineralized stockpiles. Steadright will be starting the removal of the ‘Mineralized Stockpiles‘ at the end of April 2026.

 

The contract was signed with MoResCo Sarl for the purchase of up to 14,400 metric tons of mineralized stockpile. Recent weather at the Mine site has hampered efforts, but now a firm date for its commencement has been set.

 

Steadright CEO, Matt Lewis, states, ‘Steadright is a country play whose ‘North Star’ is the finding strong assets and moving them forward in a smart and rapid manner. We are very happy, both with the Copper Valley mining license application’s progress and the plans to get revenue from the historic Goundafa Mine’s mineralized stockpiles.’

 

ABOUT Steadright Critical Minerals INC.

 

Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright has been focused in 2025 on finding exploration and historical mining projects that can be brought into production within the Moroccan critical mineral space. Steadright currently has exposure through a Moroccan entity known as NSM Capital Sarl, with over 192 sq KMs of mineral exploration claims called the TitanBeach Titanium  Project, and found in the Southern Provinces of Morocco. Steadright has also recently signed an MOU for the historic Goundafa Mine within the Kingdom of Morocco.

ON BEHALF OF THE BOARD OF DIRECTORS

For further information, please contact:

Matt Lewis

CEO & Director

Steadright Critical Minerals Inc.

 

Email: enquires@steadright.ca

Tel: 1-905-410-0587

www.steadright.ca

 

Neither the Canadian Securities Exchange (the ‘CSE’) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

 

Forward-looking information is subject to known and unknown risks, ‎uncertainties and other factors which may cause the actual results, level of activity, performance or ‎achievements of Steadright to be materially different from those expressed or implied by such forward-‎looking information. Such risks and other factors may include, but are not limited to: there is no ‎certainty that the ongoing programs will result in significant or successful ‎exploration and ‎development of Steadright’s properties; uncertainty as to ‎the actual results of exploration and ‎development or operational activities; uncertainty as to the availability and terms of ‎future financing on ‎acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; ‎general business, economic, competitive, political and social uncertainties; capital market conditions ‎and market prices for securities, junior market securities and mining exploration company securities; ‎commodity prices; the actual results of current exploration and development or operational activities; ‎competition; changes in project parameters as plans continue to be refined; accidents and other risks ‎inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory ‎approvals; changes in legislation, including environmental legislation or income tax legislation, affecting ‎Steadright; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key ‎individuals.

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the ‎securities in the United States. The securities have not been and will not be registered under the United ‎States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) or any state securities laws and ‎may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons ‎unless registered under the U.S. Securities Act and applicable state securities laws, unless an ‎exemption from such registration is available.‎

 

Copyright (c) 2026 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Rio Silver Inc. (‘Rio Silver’ or the ‘Company’) (TSX-V: RYO | OTC: RYOOF) is commencing the regulatory process required to enable physical access at its Maria Norte Project, formally engaging Peru’s Ministry of Energy and Mines (Ministerio de Energía y Minas, MEM) through its General Directorate of Mining (DGM), alongside the National Superintendency for the Control of Weapons and Explosives for Civilian Use (SUCAMEC).

Together, the Company’s established exploration and exploitation access agreements , combined with the advancement of required permits and ongoing coordination with the president of the local community, constitute the regulatory and social steps required to access exposed surface mineralization, prepare portal access, and support a staged transition underground along the mineralized structures.

From Visually Exposed Surface Veins to Planned Underground Access

At Maria Norte, high-grade silver mineralization has been visually confirmed at surface, providing clear and direct targets for planned initial access. Blasting and explosive permits are required to safely break rock, access these exposed veins, and prepare portal entry ahead of any underground advancement.

The permitting process in Peru involves sequential approvals, including:

  • Mining activity authorization with the Ministry of Energy and Mines (MEM)
  • Explosives use permit issued by SUCAMEC
  • Explosives purchase authorization issued by SUCAMEC

Under standard regulatory timelines, this permitting process typically requires several months to complete. Based on current engagement and procedural progress, the Company expects to receive the required permits during Q2, subject to regulatory review.

Once permits are received and initial access is established, future exploration planning is expected to focus on evaluating strike continuity and depth potential for long term exploitation.

Management Commentary

‘Maria Norte is a rare development opportunity where high-grade silver veins are already exposed at surface, allowing us to move directly into execution once access is authorized,’ said Chris Verrico, President and Chief Executive Officer of Rio Silver. ‘In today’s silver market, that is increasingly uncommon. Most new silver supply globally comes as a by-product of base-metal mining, whereas Maria Norte is a silver-dominant system — something of a unicorn in the current development landscape. We are pursuing the permits that are the regulatory gateway that allows us to safely access visible mineralization, prepare underground entry, and begin converting high-grade silver into mineable tonnes through a disciplined, capital-efficient approach.’

High-Grade Silver Confirmed by Verification Sampling

As part of the independent National Instrument 43-101 review, verification sampling was conducted by James A. McCrea, P.Geo., the independent author of the NI 43-101 Technical Report, during a site visit to the Maria Norte Project in June 2025. Sampling targeted surface vein exposures and historic waste material and returned high-grade silver values, including:

  • 869 g/t silver, with associated lead and zinc, from a 0.5-metre surface vein channel sample
  • 991 g/t silver from a 0.7-metre surface vein channel sample
  • 396 g/t silver from a historic waste dump grab sample
Maria Norte Samples 2025
  Sample Width Au Ag Cu Pb Zn  
Sample Type (m) (g/t) (g/t) (%) (%) (%) Location
9623 Grab 2.194 396 0.276 1.43 0.565 Waste
dump
9624 Chip 0.5 1.679 869 0.31 17.31 10.17 Outcrop
9625 Chip 0.4 0.868 68.8 0.3 0.563 0.819 Outcrop
9626 Chip 0.7 6.263 991 0.612 2.35 0.357 Outcrop
                 

Table 1: Maria Norte Verification Sampling Results (NI 43-101)*

*Verification sampling returned silver values ranging from 396 g/t Ag to 991 g/t Ag, with associated lead, zinc, and localized gold values. These results confirm the presence of high-grade silver mineralization at surface, consistent with historical sampling by previous operators and characteristic of low-sulphidation epithermal vein systems common to the Huachocolpa District.

A total of four (4) verification samples were collected, consisting of three (3) chip samples from surface vein outcrops and one (1) grab sample from a historic waste dump, with chip sample widths ranging from approximately 0.4 metres to 0.7 metres. All samples were bagged, labelled, and sealed in the field using single-use security ties, transported by the author to Lima, Peru, and analyzed by Certimin S.A., an ISO 9001–certified laboratory located in the Santiago de Surco municipality of Lima.

No additional quality control samples (blanks, standards, or duplicates) were inserted due to the limited number of samples collected, which the author considered appropriate for the exploration stage of the project. James A. McCrea, P.Geo. concluded that the sampling methods, sample handling, preparation, and analytical procedures are adequate for data verification purposes, and that the results are representative of the surface mineralization observed at Maria Norte.

What’s Next

  • Continued coordination with MEM and SUCAMEC to secure the necessary permit approvals
  • Preparation for controlled access to surface-exposed mineralization upon permit receipt
  • Portal access preparation to support staged underground entry
  • Ongoing metallurgical validation to support toll milling and capital-efficient processing

Why This Matters to Investors

For investors, securing necessary permits represents a critical step. This marks the transition from confirmed surface mineralization to physical rock movement and site access. At Maria Norte, where high-grade silver is already visible at surface, receipt of approvals materially reduces execution risk. Combined with a capital-light, toll-milling strategy and a silver-dominant system in a market where most silver is produced as a by-product, Maria Norte is positioned to advance efficiently toward near-term value creation. In a strong silver price environment, projects capable of moving decisively from exposure to execution are increasingly scarce and command outsized market attention.

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 extensive experience in Peruvian geology, resource development, 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

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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(TheNewswire)

Pinnacle Silver and Gold Corp.

Following up on the underground channel sampling at the historic La Dura 2 mine workings that returned 1.98 g/t Au and 98 g/t Ag along a 12-metre strike length (see Pinnacle News Release of November 12, 2025), surface sampling of the vein has extended the gold-silver mineralization along strike such that the zone can now be followed for approximately 45 metres.  Within the seven vein samples taken on surface, assays included 6.89 g/t Au and 208 g/t Ag over 1.4 metres, 5.95 g/t Au and 185 g/t Ag over 1.0 metres, 5.75 g/t Au and 230 g/t Ag over 0.7 metres, and 3.39 g/t Au and 248 g/t Ag over 1.3 metres.  This additional information will aid in delineation drilling of La Dura once the surface program begins.

‘The identification of high grades of gold and silver mineralization in the Estrella vein is a key development for the Potrero Project as the vein is approximately 500 metres southwest of the main Dos de Mayo structure that hosts the three principal mines on the property, and it significantly opens up the size of the mineralized system, both laterally and vertically,’ stated Robert Archer, Pinnacle’s President & CEO.  ‘At surface, La Estrella sits at an elevation of 1,880 masl (metres above sea level) whereas Dos de Mayo is predominantly exposed between 1490 and 1570 masl, suggesting that there could be up to 400 metres of vertical continuity of the epithermal system preserved below La Estrella.  Geologically, the vein exhibits brecciated, lattice bladed and banded textures, and contains substantial amounts of clay minerals such as kaolin, with red, orange, and lemon-yellow oxides, all features that typically occur in the upper parts of a low-sulphidation epithermal system.  La Estrella is developing into an important drill target once permits are in place.

Similarly, the identification of significantly higher-grade gold-silver mineralization in outcrop at La Dura 2 has more than tripled the known strike length of this mineralized zone.  Given the limited extent and orientation of the underground workings here, this zone will be drilled from surface as soon as possible.’


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The general strike of the Estrella vein is north-south with an inclination of 70° to 80° to the east, but in the north it bends to a northeast strike towards the Capulin and Dos de Mayo veins.  It is presently unclear as to the reason for, or significance of, the north-south trend compared to the northwest-southeast Dos de Mayo trend.  Projecting the Estrella vein along strike to the north would intersect the Dos de Mayo structure just northwest of La Dura and extend the Estrella structure for some 600-800 metres.  The intersection of two structural trends is often the locus of significant mineralization in these types of vein systems.

Sixty-two underground channel samples were taken in 16 composites, at approximately three-metre spacing, over the 42.5 metre length of the historic Estrella mine workings.  Gold assays ranged from 0.02 to 17.7 g/t with 22 samples (35%) assaying more than 1.0 g/t Au.  Silver assays ranged from 2 to 196 g/t with 17 samples (27%) assaying more than 31 g/t (one troy ounce per ton) Ag. On surface, 9 samples were taken over the 150-metre strike length of the Estrella vein exposure.  Gold assays ranged from 0.008 to 3.35 g/t and silver assays ranged from 2 to 204 g/t.

QA/QC

The technical results contained in this news release have been reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (‘NI 43-101’).  Pinnacle has implemented industry standard practices for sample preparation, security and analysis given the stage of the Project.  This has included common industry QA/QC procedures to monitor the quality of the assay database, including inserting certified reference material samples and blank samples into sample batches on a predetermined frequency basis.

Systematic chip channel sampling was completed across exposed mineralized structures using a hammer and maul.  The protocol for sample lengths established that they were not longer than two metres or shorter than 0.3 metres.  The veins tend to be steeply dipping to vertical, and so these samples are reasonably close to representing the true widths of the structures.  Samples were collected along the structural strike or oblique to the main structural trend.  Grab samples, by their nature, are only considered as indicative of local mineralization and should not be considered as representative.

All samples were bagged in pre-numbered plastic bags; each bag had a numbered tag inside and were tied off with adhesive tape and then bulk bagged in rice bags in batches not to exceed 40 kg.  They were then numbered, and batch bags were tied off with plastic ties and delivered directly to the SGS laboratory facility in Durango, Mexico for preparation and analysis.  The lab is accredited to ISO/IEC 17025:2017.  All Samples were delivered in person by the contract geologist who conducted the sampling under the supervision of the QP.

SGS sample preparation code G_PRP89 including weight determination, crushing, drying, splitting, and pulverizing was used following industry best practices where all samples were crushed to 75% less than 2 mm, riffle split off 250 g, pulverized split to >85% passing 75 microns (μm).  All samples were analyzed for gold using code GA_FAA30V5 with a Fire Assay determination on 30g samples with an Atomic Absorption Spectography finish.  An ICP-OES analysis package (Inductively Coupled Plasma – Optical Emission Spectrometry) including 33 elements and 4-acid digestion was performed (code GE_ICP40Q12) to determine Ag, Zn, Pb, Cu and other elements.

Qualified Person

Mr. Jorge Ortega, P. Geo, a Qualified Person as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed, verified and approved for disclosure the technical information contained in this news release.

About the Potrero Property

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).

High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length.  The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.

A previously operational 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres.  

Pinnacle will earn an initial 50% interest immediately upon commencing production.  The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR.  If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on the development of precious metals projects in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production. In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon.  With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long-term, sustainable value for shareholders.

 

Signed: ‘Robert A. Archer’

President & CEO

For further information contact:

Email:        info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

 

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

   

Copyright (c) 2026 TheNewswire – All rights reserved.

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VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / January 20, 2026 / Prince Silver Corp. (CSE:PRNC,OTC:PRNCF)(OTCQB:PRNCF)(T130:Frankfurt) (‘Prince Silver’or theCompany’) is pleased to announce that it has staked approximately 656 acresof new mineral claims directly along trend of its ongoing reverse circulation (‘RC’) drill program. Recent assay results from this program include Hole PRC-27 which returned 9.2 metres (30 feet) grading 140 g/t Ag, 8.57% Mn, 1.48% Pb and 1.06% Zn, and Hole PRC-30 returned 7.6 metres (25 feet) grading 167 g/t Ag, 8.7% Mn and 1.14% Zn(see Company News Release dated January 13, 2026) at the Prince Silver Project in the Pioche Mining District of Lincoln County, Nevada.

Derek Iwanaka, CEO and Director of Prince Silver Corp., commented:

‘Our decision to stake these additional claims was driven by our enhanced understanding of the geological system governing the Prince Project area, the strength and consistency of the mineralization encountered in our ongoing 9,000-metre RC drill program, and by our growing confidence in the scale of the mineralized system at the Prince Project. Securing this additional ground now ensures we control the majority of the prospective extensions of the Great Western Fault’s mineralized corridor as we continue drilling and advance the Project towards its first NI 43-101 compliant mineral resource estimate.’

The newly staked claims more than double Prince Silver’s previous land position and are located immediately north of the Prince Silver Project, along a controlling north-northwest-trending regional fault structure. This structure is interpreted to have acted as the primary conduit for acidic mineralizing fluids responsible for the Carbonate Replacement Deposit (‘CRD’) mineralized horizons and vein systems currently being drilled by the Company. The additional claims enhance Prince Silver’s ability to evaluate extensions of CRD-style and structurally controlled vein mineralization identified to date over more than seven kilometres along the Great Western Fault corridor.

The Pioche Mining District is a prolific historical silver-producing region, with mineralization occurring within CRD systems and replacement zones hosted by favorable carbonate host rocks, typically localized along fault systems proximal to intrusive rocks. Historical mining at the Prince Mine focused primarily on high-grade fissure veins, leaving significant potential for broader, near-surface zones of mineralization amenable to modern exploration methods and potential open-pit mining.

The newly staked claims provide additional flexibility for future drill targeting, infrastructure placement, and longer-term project development planning as Prince Silver continues to define the size, continuity, and metal zonation of the regional mineral system. Additional assay results from the ongoing drill program will be released over the next three to four months, as they become available.

The map below shows the location of the newly staked claims relative to the existing Prince land package.

Figure 1: Prince Silver Land Package in Pioche Mining District, Nevada

Qualified Person

Ralph Shearing, P.Geo. (Alberta), a Qualified Person under NI 43-101 and Director and President of the Company, has reviewed and approved the technical disclosure in this news release.

About Prince Silver Corp.

Prince Silver Corp. is a silver exploration company advancing its past-producing Prince Silver-Zinc-Manganese-Lead Mine in Nevada, USA. Featuring near-surface mineralization that was historically drill tested by over 129 holes and is open in all directions, the Prince Project offers a clear path toward a maiden 43-101 compliant resource estimate. The Company also holds an interest in the Stampede Gap Project, a district-scale copper-gold-molybdenum porphyry system located 15 km north-northwest of the Prince Silver Project, highlighting Prince Silver’s focus on high-potential, strategically located exploration assets.

On Behalf of the Board of Directors

Derek Iwanaka, CEO & Director
Tel: 236-335-9383
Email: info@princesilvercorp.com
Website: www.princesilvercorp.com

Forward-Looking Information

Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as ‘may’, ‘expect’, ‘estimate’, ‘anticipate’, ‘intend’, ‘believe’ and ‘continue’ or the negative thereof or similar variations. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: ongoing and proposed drill programs, amendments to the Company’s website, property option payments and regulatory and corporate approvals. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, dependence on key personnel, completion of satisfactory due diligence in respect of the Acquisition and related transactions, and compliance with property option agreements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, failure to obtain regulatory or corporate approvals, exploration results, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE: Prince Silver Corp.

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Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE: 6CA) is pleased to announce the sixth batch of results from Main Sector from the 100,000-m drilling program (2 drill rigs) on its 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec).

Strategic Highlights from Main Sector

Drill Hole Results (Figures 1 to 4)
5B3/5C3 Zones

  • CA25-300 intersected 29.6 g/t Au over 1.7 m including 54.3 g/t Au over 0.9 m (5B3 Zone).
  • CA25-303 graded 13.2 g/t Au over 1.0 m (5C3 Zone).
  • CA25-301 intersected 2.7 g/t Au over 5.0 m including 8.0 g/t Au over 1.0 m (5C3 Zone).

5B4 Zone

  • CA25-295 intersected 4.9 g/t Au over 3.1 m.
  • CA25-292A graded 3.1 g/t Au over 4.0 m.
  • CA25-296 intersected 2.3 g/t Au over 8.0 m.

Significance for Investors

  • Holes CA25-300, 301 and 303 identified two new high-grade gold zones (5B3 & 5C3), demonstrating strong potential for depth expansion and meaningful cost reductions. These new discoveries are strategically located midway between Chimo Deposit (683,300 ounces in measured and indicated resources and 904,000 ounces inferred resources) and East Chimo Deposit (1,400 ounces indicated resources and 464,700 ounces inferred resources), supporting more efficient mine planning and development.
  • Holes CA25-292A, 295, and 296 confirmed 5B4 Zone (East Chimo Deposit) extends to surface, opening the door to more flexible operating scenarios and further improving the project economics. This gold zone is now continuous from surface to 1,300 m and still open at depth, signaling significant upside potential for resources growth.

Next Steps

  • Additional drilling is required on the new 5B3/5C3 Zones to expand gold mineralization at depth, which hosts the same style of mineralization than Chimo and East Chimo deposits.
  • Further exploration drilling is already planned to test several new high-priority regional targets at Main Sector, backed by detailed structural and geological modelling and VRIFY’s artificial intelligence (AI) driven targeting, reinforcing the potential for additional gold discoveries.

‘ These new high-grade discoveries between the Chimo and East Chimo deposits demonstrates the continuity of mineralization in this area and reinforces our confidence in the project’s growth potential. Confirming near-surface mineralization positions us to advance Cadillac with greater flexibility and improved capital efficiency. ‘ – Philippe Cloutier, President and CEO of Cartier.

These results are very encouraging and mark an important step forward. Drilling has now shifted west of the historical shaft, a largely underexplored area known to host multiple gold occurrences. As we continue to advance the drill program, we see strong potential for resource expansion in the western portion of the Main sector, which could add significantly value to the overall project. ‘ – Ronan Deroff, Vice President Exploration of Cartier.

Table 1: Drill hole best assay results from Main Sector

Hole Number From (m) To (m) Core Length** (m) Au (g/t) Uncut Vertical Depth (m) Zone
CA25-292A 65.0 69.0 4.0 3.1 ≈50 5B4
CA25-295 85.7 88.8 3.1 4.9 ≈75 5B4
CA25-296 78.0 86.0 8.0 2.3 ≈65 5B4
CA25-300 193.3 195.0 1.7 29.6 ≈150 5B3
Including 193.3 194.2 0.9 54.3
CA25-301 275.0 280.0 5.0 2.7 ≈235 5C3
Including 275.0 276.0 1.0 8.0
CA25-303 224.0 227.0 3.0 2.5 ≈170 5B3
And 241.0 242.0 1.0 13.2 ≈185 5C3

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 65-85% of the reported core length intervals.

Figure 1: Location of the new drill results (regional plan view)

Location of the new drill results (regional plan view)

Figure 2: Location of the new drill results (regional longitudinal section)

Location of the new drill results (regional longitudinal section)

Figure 3: Plan view, cross and long sections of the Main Sector

Plan view, cross and long sections of the Main Sector

Figure 4: Photos of the drill core from holes CA25-295 and CA25-300

Photos of the drill core from holes CA25-295 and CA25-300

Main Sector

The Main Sector is a highly prospective area featuring several newly defined high-priority drill targets and gold deposits including Chimo, East Chimo and West Nordeau with measured and indicated resources of 736,600 ounces (9.4 million tonnes at 2.4 g/t Au) and inferred resources of 2,036,800 ounces (29.1 million tonnes at 2.2 g/t Au). In addition, two new high-grade gold zones were discovered during Cartier’s latest drilling campaigns, including the VG9 and VG10 zones.

The three deposits lie along an east-west trending, sheared corridor (Cadillac Fault Zone) and occur at the contact between the hanging wall turbiditic sedimentary rocks (wacke-mudrock), locally conglomerates and iron formations of Cadillac Group and the footwall mafic volcanics (basalt) of Piché Group. This lithological contact is a favorable horizon for hydrothermal fluid flow, likely related to synvolcanic gold deposition.

The Main Sector, defined by at least twenty-six sub-parallel gold-rich zones, are typically and primarily associated with a fine-grained and disseminated arsenopyrite-pyrrhotite mineralization, with a pervasive biotite-chlorite-carbonate alteration, all crosscut by late-stage smoky and white quartz vein and veinlet stockworks containing visible gold. Locally, accessory minerals such as pyrite and tourmaline are observed.

Milestones of 2025-2027 Exploration Program

100,000 m Drilling Program (Q3 2025 to Q2 2027)

The ambitious 600-hole drilling program will both expand known gold zones (Brownfield Growth) and test new shallow surface high-potential targets (Greenfield Discovery). The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac Fault Zone. It is important to note that Cartier’s recent consolidation of this large land holding offers the unique opportunity in over 90 years for unrestricted exploration.

Environmental Baseline Studies & Economic Evaluation of Chimo mine tailings (Q3 2025 to Q3 2026)

The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization. The initial baseline studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the economic potential of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically.

Metallurgical Sampling and Testwork Program (Q4 2025 to Q1 2026)

The metallurgical testwork program includes defining of expected gold recovery rates and improving historical results from the Chimo deposit, as well as establishing metallurgical recovery data for the first-time for the East Chimo and West Nordeau satellite deposits, where no previous data exists. This comprehensive program will characterize the mineralized material, gold recovery potential and validate optimal grind size defining the most efficient and cost-effective flowsheet. The data generated will directly support optimized project development and have the potential to significantly reduce both capital and operating costs, while also improving the environmental footprint.

Preliminary Economic Assessment (2026)

Internal engineering studies have been initiated to validate a multitude of development scenarios that consider the updated MRE and current market environment. Following the selection of the most optimal scenario, a PEA will be completed which will also build upon the results of the metallurgical testwork program and the environmental baseline studies to unveil the updated development strategy and vision of the project.

Table 2: Drill hole collar coordinates from Main Sector

Hole Number UTM Easting (m) UTM Northing (m) Elevation (m) Azimuth (°) Dip (°) Hole Length (m)
CA25-292A 332658 5319634 349 231 -45 177
CA25-293 332658 5319634 349 204 -63 198
CA25-294 332658 5319634 349 172 -69 231
CA25-295 332725 5319635 350 202 -53 132
CA25-296 332725 5319635 350 157 -45 141
CA25-297 332805 5319684 350 154 -45 220
CA25-298 332805 5319684 350 146 -65 270
CA25-299 332805 5319684 350 182 -76 282
CA25-300 332331 5319837 364 195 -51 240
CA25-301 332331 5319837 364 213 -69 315
CA25-303 332331 5319837 364 168 -50 249
CA25-304 332331 5319837 364 176 -73 381


Table 3: Drill hole detailed assay results from Main Sector

Hole Number From (m) To (m) Core Length** (m) Au (g/t) Uncut Vertical Depth (m) Zone
CA25-292A 65.0 69.0 4.0 3.1 ≈50 5B4
Including 65.0 66.0 1.0 1.4
Including 66.0 66.5 0.5 1.7
Including 66.5 67.0 0.5 3.9
Including 67.0 68.0 1.0 3.0
Including 68.0 69.0 1.0 5.1
CA25-293 63.6 65.5 1.9 1.9 ≈55 5M4
Including 63.6 64.6 1.0 2.3
Including 64.6 65.5 0.9 1.4
CA25-294 80.0 81.0 1.0 1.1 ≈85 5B4
And 132.0 133.0 1.0 1.6 ≈120 5C4
CA25-295 73.2 74.4 1.2 2.7 ≈55 5M4
Including 73.2 73.9 0.7 2.2
Including 73.9 74.4 0.5 3.3
And 82.9 88.8 5.9 2.8 ≈75 5B4
Including 82.9 84.0 1.1 1.5
Including 85.7 86.2 0.5 1.0
Including 86.2 87.0 0.8 4.9
Including 87.0 88.0 1.0 6.2
Including 88.0 88.8 0.8 5.6
CA25-296 78.0 86.0 8.0 2.3 ≈65 5B4
Including 78.0 79.0 1.0 1.0
Including 79.0 80.0 1.0 1.4
Including 81.0 82.0 1.0 2.6
Including 82.0 83.0 1.0 1.0
Including 83.0 84.0 1.0 5.9
Including 84.0 85.0 1.0 3.4
Including 85.0 86.0 1.0 2.4
CA25-297 112.0 113.0 1.0 2.6 ≈80 5NE
And 114.5 115.0 0.5 2.1
And 170.5 171.9 1.4 2.3 ≈120 5B4
Including 170.5 171.0 0.5 1.7
Including 171.0 171.9 1.0 2.6
CA25-298 133.0 134.0 1.0 1.5 ≈120
And 151.0 152.8 1.8 2.6 ≈135 5NE
Including 151.0 152.0 1.0 1.7
Including 152.0 152.8 0.8 3.7
CA25-299 135.0 136.0 1.0 2.5 ≈130 5NE
And 160.0 161.0 1.0 4.1 ≈150
And 220.0 221.0 1.0 1.0 ≈215 5B4
And 229.0 230.0 1.0 5.9
CA25-300 158.0 159.7 1.7 1.5 ≈120 5M3
Including 158.0 159.0 1.0 1.1
Including 159.0 159.7 0.7 2.1
And 193.3 195.0 1.7 29.6 ≈150 5B3
Including 193.3 194.2 0.9 54.3
Including 194.2 195.0 0.8 1.8
CA25-301 150.6 151.1 0.5 6.8* ≈140
And 218.0 219.0 1.0 1.4 ≈205 5M3
And 222.0 223.0 1.0 1.7
And 255.0 255.9 0.9 2.3 ≈235 5B3
And 275.0 280.0 5.0 2.7 ≈235 5C3
Including 275.0 276.0 1.0 8.0
Including 277.0 278.0 1.0 2.0
Including 278.0 279.0 1.0 1.8
Including 279.0 280.0 1.0 1.4
CA25-303 224.0 227.0 3.0 2.5 ≈170 5B3
Including 224.0 225.0 1.0 1.4
Including 225.0 226.0 1.0 4.2
Including 226.0 227.0 1.0 2.2
And 241.0 242.0 1.0 13.2 ≈185 5C3
CA25-304 249.0 250.0 1.0 1.2 ≈235 5M3
And 319.0 336.4 17.4 0.7 ≈310 5C3
Including 319.0 320.0 1.0 1.8
Including 330.0 331.0 1.0 2.1
Including 333.0 334.0 1.0 1.0
Including 334.0 335.0 1.0 1.8
Including 335.9 336.4 0.5 2.1
And 342.0 343.0 1.0 1.2 ≈325
And 348.0 349.0 1.0 1.3
And 377.0 378.0 1.0 5.8 ≈355

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 65-85% of the reported core length intervals.

Quality Assurance and Quality Control (QA/QC) Program

The drill core from the Cadillac Project is NQ-size and, upon receipt from the drill rig, is described and sampled by Cartier geologists. Core is sawn in half, with one half labelled, bagged and submitted for analysis and the other half retained and stored at Cartier’s coreshack facilities located in Val-d’Or, Quebec, for future reference and verification. As part of Quality Assurance and Quality Control (QA/QC) program, Cartier inserts blank samples and certified reference materials (standards) at regular intervals into the sample stream prior to shipment to monitor laboratory performance and analytical accuracy.

Drill core samples are sent to MSALABS’s analytical laboratory located in Val-d’Or, Quebec, for preparation and gold analysis. The entire sample is dried and crushed (70% passing a 2-millimeter sieve). The analysis for gold is performed on an approximately 500 g aliquot using Chrysos Photon Assay™ technology, which uses high-energy X-ray excitation with gamma detection to quickly and non-destructively measure gold content.

Alternatively, samples are submitted to Activation Laboratories Ltd. (‘Actlabs’), located in either Val-d’Or or Ste-Germaine-Boulé, both in Quebec, for preparation and gold analysis. The entire sample is dried, crushed (90% passing a 2-millimetre sieve) and 250 g is pulverized (90% passing a 0.07-millimetre sieve). The analysis for gold is conducted using a 50 g fire assay fusion with atomic absorption spectroscopy (AAS) finish, with a detection limit up to 10,000 ppb. Samples exceeding this threshold are reanalyzed by fire assay with a gravimetric finish to determine high-grade values accurately.

Both MSALABS and Actlabs are ISO/IEC 17025 accredited for gold assays and implement industry-standard QA/QC protocols. Their internal quality control programs include the use of blanks, duplicates, and certified reference materials at set intervals, with established acceptance criteria to ensure data integrity and analytical precision.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″NI 43-101″).

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

The Cadillac property contains total gold resource of 767,800 ounces in the measured and indicated category (10.0 million tonnes at 2.4 g/t Au) and 2,416,900 ounces in the inferred category (35.2 million tonnes at 2.1 g/t Au) across all the sectors. Please see the Cartier’s December 18, 2025 news release titled ″ Cartier Reports Significant Gold Resource Growth At Cadillac With 9,953,000 tonnes at a grade of 2.40 g/t Au for 767,800 Ounces Measured and Indicated, a 7% Increase and 35,185,000 tonnes at a grade of 2.14 g/t Au for 2,416,900 Ounces Inferred, a 48% Increase. ″

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise and a track record of successful exploration to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

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Strategic Integration of Generative AI ‘Semantic Memory’ via OpenAI and Pinecone Vector Database Supports Rapid Expansion of Corporate Engagement Platforms

TORONTO, ON / ACCESS Newswire / January 20, 2026 / Nextech3D.ai (OTCQB:NEXCF)(CSE:NTAR,OTC:NEXCF)(FSE:1SS), a leader in AI-powered event and spatial computing solutions, is pleased to announce it has successfully scaled its KraftyLab in-person footprint to 35 major metropolitan hubs across the United States from just 20. This expansion represents a significant increase in the Company’s physical service capacity to support a growing roster of Fortune 500 clients. Nextech3D.ai continues to target a 90% gross margin profile for its 2026 fiscal year, although there is no assurance that we can hit that goal.

The ‘New 58’: A Diversified Corporate Inventory

To coincide with the geographic expansion, the Company has officially onboarded 58 new premium offerings to its unified experience platform. These new experiences are designed to meet the evolving Q1 2026 demands of decentralized enterprise teams, including Wellness & High-Energy Fitness, Professional Development, Connoisseur & Culinary Suites.

Technological Moat: The ‘Semantic Event Brain’

This national expansion is supported by the Company’s newly developing AI architecture, which integrates OpenAI‘s Large Language Models (LLMs) with the Pinecone Vector Database. This ‘Semantic Memory’ allows Nextech3D.ai’s platforms to provide context-aware, autonomous assistance. By utilizing Pinecone’s high-performance vector storage, the Company’s AI concierge can now execute complex logistics – via natural language processing across its events.

Evan Gappelberg, CEO of Nextech3D.ai comments, ‘We are seeing a big flight to quality and have had specific conversations and requests from existing large enterprise customers like Oracle for in-person events. By expanding our physical footprint to 35 cities, we are providing the local ‘last-mile’ delivery that global brands require for their hybrid workforces. This expansion serves as the physical hardware for our evolving AI-driven Operating System. He continues ‘A critical component of this OS is our recent BitPay integration, which allows for seamless, borderless transactions within our ecosystem. By merging AI-driven management with decentralized payment rails, we are building one of the first truly modern infrastructures for the global economy. The market is responding – we are currently celebrating a series of significant client wins as organizations realize that true efficiency requires this specific blend of high-tech financial tools and high-touch local presence.’

Strategic Rationale and Margin Profile

The move to 35 cities and the launch of 58 new offerings align with the Company’s focus on high-margin, asset-light scalability. By maintaining a software-first approach and utilizing AI to automate event logistics, Nextech3D.ai continues to target a 90% gross margin profile for its 2026 fiscal year, although there is no assurance that we can hit that goal.

About Nextech3D.ai

Nextech3D.ai is an AI-first technology company specializing in live event solutions, 3D modeling, and spatial computing. Through its flagship Map D, Eventdex, and KraftyLab platforms, the company provides interactive floor plans, registration, ticketing, and blockchain-enabled credentialing for large Fortune 500 organizations worldwide including Google, Oracle, Microsoft, Netflix and others.

Website: www.Nextech3D.ai

Investor Relations: investors@nextechar.com

For more information, visit Nextech3D.ai.

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Evan Gappelberg /CEO and Director
866-ARITIZE (274-8493)

Forward-Looking Statements

Forward-looking Statements The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain information contained herein may constitute ‘forward-looking information’ under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, ‘will be’ or variations of such words and phrases or statements that certain actions, events or results ‘will’ occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE: Nextech3D.ai

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