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Homeland Nickel Provides Corporate Update

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(TheNewswire)

Homeland Nickel Inc.

Toronto, Ontario TheNewswire – January 21, 2026 Homeland Nickel Inc. (‘Homeland’ or the ‘Company’) (TSX-V: SHL, OTC: SRCGF), at the request of Canadian Investment Regulatory Organization (CIRO), wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.

Homeland Nickel is a Canadian-based mineral exploration company focused on critical metal resources with nine nickel projects in Oregon, United States and copper and gold projects in Newfoundland, Canada. The Company holds a significant portfolio of mining securities including 442 thousand shares of Canada Nickel Company Inc. (TSX-V: CNC), 9.960 million shares of Noble Mineral Exploration Inc. (TSX-V: NOB), 11.447 million shares of Benton Resources Inc. (TSX-V: BEX), 81,150 shares of Vinland Lithium Inc. (TSX-V: VLD) and 2.761 million shares of Magna Terra Minerals Inc. (TSX-V: MTT). Homeland Nickel’s common shares trade on the TSX Venture Exchange under the symbol ‘SHL’ and on the OTCQB under the symbol ‘SRCGF’. More detailed information can be found on the Company’s website at:

http://www.homelandnickel.com 

This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company’s control that may cause actual results or performance to differ materially from those currently anticipated in such statements.

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:

Stephen Balch, President & CEO

Phone:        905-407-9586

Email:        steve@beci.ca

Copyright (c) 2026 TheNewswire – All rights reserved.

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BHP’s Copper and Iron Ore Assets Deliver “Strong” Results

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Commodities giant BHP (ASX:BHP,NYSE:BHP,LSE:BHP) has published an operational review for the half year of 2025, highlighting celebratory results at its copper and iron ore operations, including Australia.

BHP Chief Executive Officer Mike Henry attributed the positive price environment while recognising the company’s achievements, citing that copper was up 32 percent while iron ore was 4 percent higher.

Escondida, BHP’s flagship copper operation located in the Atacama Desert in Northern Chile, was said to have achieved record concentrator throughput.

The Chilean project is regarded as the world’s largest copper concentrate and cathodes producer, displaying a production record of 644,000 kilotonnes.

“Antamina has also lifted its production guidance, and Spence and Copper South Australia are tracking to plan, with Copper South Australia achieving record refined gold output,” Henry added.

The company’s South Australian copper assets include the Olympic Dam, Carrapateena, and Prominent Hill projects, which were recently highlighted in a copper outlook and review by the South Australian Government.

“BHP is the largest producer of copper in the world, and we expect to grow our copper base from 1.7 million tonnes to around 2.5 million tonnes per annum,” said BHP COO Edgar Basto in an October 2025 statement.

For iron ore, BHP reported that it achieved record first half production and shipments at its Western Australia Iron Ore (WAIO) operation.

WAIO’s production rose 1 percent compared to its previous record of the same period, having a total of 146.6 million tonnes of iron ore in the half-year to December 31.

Volumes from BHP’s 50-50 Brazilian joint venture Samarco were also highlighted, rising as a result of strong operational performance at the second concentrator following its restart at the end of H1 FY25.

Main dam commissioning at Samarco is advanced and scheduled for completion by 2029.

In a separate announcement, BHP updated its cost estimate for Stage 1 of its Jansen potash project, which is said to be on track for production in mid-2027.

From the previously estimated range of US$7.0 billion, the cost now stands at US$7.4 billion (including contingencies). The initial estimate of the investment cost in August 2021 was US$5.7 billion.

“As announced in July 2025, these cost increases have been driven by inflationary and real cost escalation pressures, design development and scope changes and lower productivity outcomes,” BHP said.

The mining giant said that it is entering the second half of financial year 2026 “with strong operating momentum.”

Half-year financial results of BHP are scheduled to come out on February 17.

“We’re investing for the decade ahead, with a significant copper growth pipeline and a pathway to approximately 2 million tonnes of attributable copper production in the 2030s.”

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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LaFleur Minerals Inc.Stands Out with Rare Combo of Assets, Infrastructure

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This article has been disseminated on behalf of LaFleur Minerals and may include paid advertising. 
Disclosure: This does not represent material news, partnerships or investment advice.

Via MiningNewsWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by MiningNewsWire (‘MNW’), one of 75+ brands within the Dynamic Brand Portfolio@IBN (InvestorBrandNetwork), a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.

To view the full publication, ‘From Permits to Pouring Gold: The Power of Being Production-Ready,’ please visit: https://ibn.fm/wGKLA

The most powerful moment to get involved in a mining company’s story is often not at the earliest discovery stage, or even after production is fully established, but at the precise inflection point when a company transitions from explorer to producer. This is the stage where geological risk has been substantially reduced, infrastructure decisions have been made and capital is finally aligned with execution, creating the conditions for outsized valuation re-ratings. Solid funding is essential at this juncture, as it allows management teams to shift from conceptual planning to tangible value creation.

This scenario is now taking shape at LaFleur Minerals Inc., a Québec-based gold company that recently completed an oversubscribed and upsized $7.8 million financing and is now funded to restart production at its Beacon Gold Mill, positioning the company at exactly the point where upside potential historically accelerates. LaFleur stands out in a crowded junior mining landscape because it controls a rare combination of advanced exploration assets and fully permitted, refurbished production infrastructure in one of the world’s most prolific gold regions.

About LaFleur Minerals Inc.

LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The Company’s mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km(2)) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ fully permitted and refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.

Qualified Person Statement – All scientific and technical information contained in the LaFleur Minerals Market Awareness Profile (MAP) has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company and considered a Qualified Person for the purposes of NI 43-101.

NOTE TO INVESTORS: The latest news and updates relating to LFLR are available in the company’s newsroom at http://ibn.fm/LFLRF

About MiningNewsWire

MiningNewsWire (‘MNW’) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.
MNW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from MiningNewsWire, text ‘BigHole’ to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.MiningNewsWire.com

Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or republished: https://www.MiningNewsWire.com/Disclaimer

MiningNewsWire
Los Angeles, CA
www.MiningNewsWire.com
310.299.1717 Office
Editor@MiningNewsWire.com

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Peruvian Metals Announces Gold Recoveries of 89% in Sulphides at Palta Dorada

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Peruvian Metals Corp – (TSX: PER) (OTC Pink: DUVNF) (‘Peruvian Metals’ or the ‘Company’) is pleased to announce updated metallurgical results on both oxide and sulphide Au-Ag material on its 100% owned Palta Dorada Gold-Silver property (‘Property’) located in the Ancash department in Northern Peru. New metallurgical work on gold recoveries in both the oxide and sulphide material shows recoveries exceeding 80%. The new metallurgical work was conducted on the main San Juan vein where a rehabilitated historic 53-metre-deep shaft (‘shaft’) provided good exposure to both the sulphides and oxides on this main mineralized structure.

The Property covers an area of approximately 2,250 hectares. It is accessible from Peruvian Metals Aguila Norte processing plant (‘Aguila Norte’ or the ‘Plant’) by approximately 120 kilometres of mainly paved roadway. Sulphide material will be treated at the Plant whereas oxide gold material will be initially sold to local toll mills.

The new updated metallurgical results on the sulphide material taken in the shaft show positive recoveries. The head grade of the new metallurgical sample assayed 8.30 grams Au/mt and 3.39 ounces Ag/mt. Precious metal recoveries on the sulphide material using flotation returned 89% for gold and 61% for silver. The metallurgical sample was taken as a composite over 1 metre located 10 metres below the oxide and sulphide transition. Previously announced assay results on seven chip samples taken at various depths in the shaft from the quartz vein containing sulphides returned a weighted average of 10.51 grams Au/mt, 329 grams Ag/mt and 1.74 per cent Cu. Assay results from these samples range from 3.06 to 24.1 grams Au/mt, 36 to 865 grams Ag/mt and 0.31 per cent Cu to 4.94 per cent Cu over an average width of 0.60 metres. The metallurgical work was performed by Ing. Jose Orlando Moncada Rejas who is the main metallurgist at the Aguila Norte Plant. Assaying was performed by Procesmin Ingenieros SRL located in Caraz Ancash by fire assay for Au-Ag.

The head grade from the oxide material taken in the shaft above the sulphide mineralization returned 35.1 grams Au/mt and 1.51 ounces Ag/mt. The sample taken was a composite over ½ metre width. Agitated cyanide leaching results show recoveries of 82% for gold and 58% for silver over 48 hours. Thirty-one tonnes of gold bearing oxide material assaying 9.74 grams Au/mt was taken from this area in June 2022 and sold to the Chala One toll mill located in Chala Peru. The price of gold used for the sale was $1852 US with gold recoveries of 90%.

Previously announced metallurgical work on oxide gold material taken from artisanal workings on a second mineralized structure north of the shaft returned positive results. A sample was collected from the sacks with a head grade of 13.0 grams Au/mt and 2.98 ounces Ag/mt. Agitated cyanide leaching results show recoveries of 92% gold and 65% silver over 36 hours. The sample was a collection of random grabs and should not be considered representative of the mineralization hosted on the property. Previous and new metallurgical work on the oxide material was processed and analyzed by fire assay at Auro Met Labs located in Trujillo. Auro Met Labs is used by many of the miners and toll mills in the area.

The development of the property has been delayed since 2023, due to extensive damage to the access road as a result of El Niño flooding. New access roads to the underground workings have been completed and access to all gold showings are now complete. The camp has been upgraded, and the Company is now in a position to restart the exploration and development work.

The development work by Peruvian Metals at Palta Dorada will concentrate on the main San Juan vein, where surface exposure shows at least an 840-metre strike length. Work to date includes a 160-metre access drift on the lower 895-metre level. The opening of the shaft is estimated to be located on the 945-meter level. Much of the mineral around the opening of the shaft was extracted by the previous owners. The shaft also shows a distinct sharp transition between sulphide and oxide zones at the 920-meter level. The Company plans to drift into the vein where the sulphide mineral is exposed in the shaft.

The Company acquired full ownership of the property by acquiring a 50% interest from Rio Silver Inc. (‘Rio Silver’) in 2024. Peruvian Metals has completed the payments to Rio Silver totaling $250,000 (U.S.) with Rio Silver retaining a 3-per-cent net smelter return capped at $2 million (U.S.).

In December 2025, Peruvian Metals received 3,999,999 shares of Rio Silver Inc. (TSXV: RYO) for the sale of the Minas Maria Property. Rio Silver closed at 67 cents on January 20, 2026. The Company is pleased to be the single largest shareholder of Rio Silver.

‘New metallurgical results in both oxide and sulphide material highlight the gold potential at Palta Dorada. When Peruvian Metals acquired its initial interest in the property, gold was trading at the $1500 US per ounce level. Now that gold is trading near the $4600 US per ounce level, the economic viability has been greatly improved. Our provisional permits allow the Company to extract large bulk samples of both the oxide and sulphide material. In the short term, oxide material will be sold to local mills. We have successfully sold gold oxide material from Palta Dorada in 2022. Sulphide material will be transported to our Aguila Norte mill for processing where we will be able to produce an Au-Ag concentrate for sale. We will continue to review additional gold opportunities in Northern Peru by moving into the Peruvian gold space which is bolstered by the progress at Palta Dorada. The oxide gold material, along with similar oxide mineral at our Aguila Norte site, will be one of many catalysts and sources of material for a potential CIP circuit,’ commented Jeffrey Reeder, C.E.O. of the Company.

Qualified Person
Jeffrey Reeder, P. Geo., is the Qualified Person, as defined in National Instrument 43-101, who has reviewed and approved the technical contents of this release.

About Peruvian Metals Corp.
Peruvian Metals Corp. is a Canadian exploration and mineral processing company. Our business model is to acquire and develop precious and base metal properties in Peru and to provide clients with toll milling services and produce high-grade marketable concentrates from mineral purchases. The Aguila Norte processing plant has an environmental permit (‘IGAC’) from the Peruvian government which provides the Company with the ability to expand operations past the current 100 tonnes per day level.

ON BEHALF OF PERUVIAN METALS
CORP.
(Signed) Jeffrey Reeder

For additional information, contact:
Jeffrey Reeder, CEO
Telephone: (647) 302-3290
Email: Jeffrey.reeder@peruvianmetals.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.

Disclosure Regarding Forward-Looking Statements: This press release contains certain ‘Forward-Looking Statements’ within the meaning of applicable securities legislation. We use words such as ‘might’, ‘will’, ‘should’, ‘anticipate’, ‘plan’, ‘expect’, ‘believe’, ‘estimate’, ‘forecast’ and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions, and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions, and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.

Source

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Laramide Exits Kazakhstan Uranium Project After Government Policy Shifts

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Laramide Resources (TSX:LAM,OTCQX:LMRXF) has pulled out of a greenfield uranium exploration venture in Kazakhstan, citing policy changes that it says have effectively shut the door on economically viable foreign investment in the country’s uranium sector.

The Toronto-based company announced on Tuesday (January 20) it has terminated its option agreement with privately held Aral Resources for the Chu-Sarysu Basin project, ending its involvement in what it had previously described as one of the world’s most prospective under explored uranium regions.

The option agreement, which was signed in September 2024, gave Laramide access to 22 exploration licences covering more than 5,500 square kilometres in the Chu-Sarysu Basin. The region hosts several of Kazatomprom’s largest producing mines and is known for geology suitable for low-cost, in-situ recovery uranium deposits.

Laramide had been funding early-stage exploration work since late 2024 and was preparing a 15,000-metre, multi-rig drill program that was scheduled to begin in the second half of 2025.

That program never got off the ground. Laramide said delays in securing drilling permits from regional authorities meant no drilling took place as planned in the fourth quarter of 2025.

Although the final permits were granted on December 24, the regulatory landscape shifted almost immediately afterward. 2 days later, Kazakhstan’s president signed into law amendments to the Subsoil Use Code that materially alter the economics of uranium exploration for new entrants.

Under the revised framework, Kazatomprom is granted priority rights over prospective uranium areas, stricter minimum ownership thresholds in new production agreements, and enhanced control over extensions, reserve increases, and additional exploration at producing deposits.

Laramide said those changes, combined with higher holding costs following an earlier increase in annual property taxes, undermine the investment rationale for continuing exploration in the country. The company has ceased all funding related to the project with immediate effect.

“Motivated by an effort to address, and ideally reverse, the obvious and severe decline in the resource base of Kazatomprom, their national uranium company, it appears Kazakhstan may have scored a spectacular own goal with their recent de facto nationalisation of future uranium exploration in country,” Marc Henderson, Laramide’s president and chief executive, said in a statement.

“However, in what may be a world’s first, Kazakhstan appears to have moved pre-emptively to ensure national ownership and control of any new uranium discoveries before they are actually even made,” Henderson added.

Kazatomprom, the world’s largest uranium producer, has acknowledged the legislative changes and framed them as measures to improve subsoil use in the hydrocarbon and uranium sectors.

In a statement outlining the amendments, the company highlighted new provisions that raise the minimum ownership stake required in new uranium production agreements to more than 75 percent, up from 50 percent previously, and impose additional conditions tied to technology transfer for extensions and reserve increases.

For Laramide, the company said it will now focus entirely on advancing its two development-stage uranium assets: the Churchrock-Crownpoint project in New Mexico and the Westmoreland project in Queensland, Australia.

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

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Fortune Minerals Completes Cobalt Sulphate Test Work

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Results demonstrate higher metal recoveries from a simplified metallurgical flow sheet

Fortune Minerals Limited (TSX: FT,OTC:FTMDF) (OTCQB: FTMDF) (‘ Fortune ‘ or the ‘ Company ‘) ( www.fortuneminerals.com ) is pleased to announce that it has successfully concluded the validation test work for an optimized hydrometallurgical flowsheet to produce battery grade cobalt sulphate heptahydrate for the NICO cobalt-gold-bismuth-copper project (‘ NICO Project ‘) in Canada. The results verified that a high-quality cobalt sulphate heptahydrate product can be generated with very good metal recoveries from a simplified process flow sheet to help mitigate capital and operating costs escalation for the NICO Project. The test work was supported by contribution funding from Natural Resources Canada (‘ NRCan ‘)’s Global Partnerships Initiative (‘ GPI ‘) program, a U.S. Defense Production Act Title III award and contributions from Alberta Innovates’ Clean Resource Intake program.

The NICO Project is an advanced development asset comprised of a planned open pit and underground mine and concentrator in the Northwest Territories (‘ NWT ‘) and a dedicated hydrometallurgical facility in Alberta (‘ Alberta Refinery ‘) where concentrates from the mine, and other feed sources, will be processed to value-added critical mineral products. The NICO Project will provide a reliable North American supply of battery grade cobalt sulphate, bismuth ingots (12% of global reserves), and copper cement – with more than one million ounces of in-situ gold as a highly liquid and countercyclical co-product.

�Our new government is working with Canada’s world-class minerals industry to build resilient, secure, sustainable and most importantly, made-in-Canada critical mineral supply chains. This milestone from Fortune Minerals is not only an important step forward, but a perfect example of how Canada can deliver the world-class products, from batteries to magnets and beyond, that our domestic and international manufacturers and partners need. As demand grows, we are stepping up to meet that demand in a way that promotes Canada, attracts investment, and creates local jobs,’ said The Honourable Tim Hodgson, Minister of Energy and Natural Resources.

Like our news? Click-to-post on X.

The objective of the recent test work was to validate improvements to the hydrometallurgical process Fortune will use to produce a high-purity cobalt sulphate heptahydrate product for the lithium-ion rechargeable battery industry. The work was carried out at SGS Canada Inc. (‘ SGS ‘) at its world class Lakefield, Ontario metallurgical facilities. Fortune previously announced partial results for this work confirming the pressure oxidation conditions for autoclave processing NICO Project cobalt concentrate that had previously been determined in a 2008 pilot plant. The current work verified process optimizations at two different concentrate grades and achieved extractions of 97% for cobalt and 74% for copper at the design feed grade versus 95% for cobalt and 70% for copper in the 2008 pilot plant. Extractions using an off-specification low-grade cobalt feed were 95% for cobalt and 79% for copper, confirming the earlier pilot plant metal recoveries (see July 7, 2025, news release). The recent tests also confirmed these recoveries after blending the cobalt concentrate with residues from the bismuth leach circuit prior to autoclave processing in order to capture all of the recoverable gold in one process stream, while also recovering additional cobalt and copper that had deported to the bismuth circuit. Gold recoveries in the recent tests were between 97% and 98% compared to 95% in the earlier 2008 pilot plant work.

The recent test work also indicates that a direct pre-neutralization sequence of the autoclave discharge would be beneficial at bench scale, removing about 99% of the contained arsenic without oxygenation or heating, and without incurring any cobalt losses. This improvement to the process flowsheet indicates the equipment sizes can likely be reduced to lower the capital and operating costs for the Alberta Refinery. The recently completed test work also focused on verification of the downstream solution purification – consisting of manganese removal, solvent extraction purification, and evaporation and crystallization of a battery grade cobalt sulphate heptahydrate product. The purity of the cobalt sulphate met the 99.99% (20.959% cobalt in sulphate) specification received from lithium-ion battery manufacturers and the heavy metal impurities also met the specified limits.

NICO Project Cobalt Specifications

Element

Assay

Battery Grade Cobalt Sulphate Specifications

NICO Project Cobalt Sulphate Product Specification

unit

Ni

g/t

<10–50

<6

Fe

g/t

<5–20

<1

Cu

g/t

<5–10

1

Mn

g/t

<10–50

25

*Zn

g/t

<5–10

<7

Ca

g/t

<10–20

4

*Mg

g/t

<5–10

n/a

Na

g/t

<20–50

<10

K

g/t

<10–20

<10

As

g/t

<5 (in heavy metals)

<1

Cd

g/t

<5 (in heavy metals)

<1

Pb

g/t

<5–10 (in heavy metals)

<1

As+Cd+Pb

g/t

<5–10

<3

*SO₄ (excess)

g/t

<100

53

Si

g/t

<5–10

<5

*Insol’s

% wt.

<0.01

<0.01

*Co

% wt.

>20.958

20.959

CoSO4•7H2O

% wt.

>99.990

99.995

*Mg – engineering optimization work in progress.

Fortune is now conducting tests at SGS to validate the production of a cobalt mixed hydroxide product (CoMHP) as a lower capital and operating cost start-up option for the Alberta Refinery. Preliminary tests were successful in producing CoMHP with attractive cobalt, nickel and copper contents and additional tests are being carried out at SGS to support an economic sensitivity analysis for the NICO Project Feasibility Study currently in progress by Worley Canada Services Ltd. Currently, cobalt hydroxide prices compare favourably to cobalt sulphate and metal products due to the shortage of hydroxide from export restrictions by the Democratic Republic of the Congo. Making a CoMHP product would be a lower cost alternative that might support a compelling economic alternative at start-up.

For more detailed information about the NICO Mineral Reserves and certain technical information in this news release, please refer to the Technical Report on the NICO Project, entitled ‘Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada’, dated April 2, 2014 and prepared by Micon International Limited which has been filed on SEDAR and is available under the Company’s profile at www.sedarplus.ca .

The disclosure of scientific and technical information contained in this news release have been approved by Robin Goad, M.Sc., P.Geo., President and Chief Executive Officer of Fortune and Alex Mezei, M.Sc., P.Eng. Fortune’s Chief Metallurgist, who are ‘Qualified Persons’ under National Instrument 43-101.

About Fortune Minerals

Fortune is a Canadian mining company focused on developing the NICO cobalt-gold-bismuth-copper project in the Northwest Territories and Alberta. Fortune also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 km north of the NICO deposit and is a potential future source of incremental feed to extend the life of the NICO concentrator.

Follow Fortune Minerals:

Click here to subscribe to Fortune’s email list.

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@FortuneMineral on X.

This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities legislation. This forward-looking information includes statements with respect to, among other things, the construction of the proposed mine and concentrator in the Northwest Territories and the hydrometallurgical facility in Alberta, and the Company’s plans to develop the NICO Project. Forward-looking information is based on the opinions and estimates of management as well as certain assumptions at the date the information is given (including, in respect of the forward-looking information contained in this press release, assumptions regarding: the Company’s ability to complete construction of a NICO Project hydrometallurgical facility; the Company’s ability to arrange the necessary financing to continue operations and develop the NICO Project; the receipt of all necessary regulatory approvals for the construction and operation of the NICO Project and the related hydrometallurgical facility and the timing thereof; the time required to construct the NICO Project; and the economic environment in which the Company will operate in the future, including the price of gold, cobalt, bismuth and other by-product metals, anticipated costs and the volumes of metals to be produced at the NICO Project). However, such forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the risks related to the new Mineral Reserves, Mine Plan and production schedule for the NICO Project, the Company may not be able to finance and develop NICO on favourable terms or at all, uncertainties with respect to the receipt or timing of required permits, approvals and agreements for the development of the NICO Project, including the related hydrometallurgical facility, the construction of the NICO Project may take longer than anticipated, the Company may not be able to secure offtake agreements for the metals to be produced at the NICO Project, the Sue-Dianne Property may not be developed to the point where it can provide mill feed to the NICO Project, the inherent risks involved in the exploration and development of mineral properties and in the mining industry in general, the market for products that use cobalt or bismuth may not grow to the extent anticipated, the future supply of cobalt and bismuth may not be as limited as anticipated, the risk of decreases in the market prices of cobalt, bismuth and other metals to be produced by the NICO Project, discrepancies between actual and estimated Mineral Resources or between actual and estimated metallurgical recoveries, uncertainties associated with estimating Mineral Resources and Reserves and the risk that even if such Mineral Resources prove accurate the risk that such Mineral Resources may not be converted into Mineral Reserves once economic conditions are applied, the Company’s production of cobalt, bismuth and other metals may be less than anticipated and other operational and development risks, market risks and regulatory risks, cobalt sulphate specifications may not be achieved, the simplified flow sheet may not mitigate capital and operating costs . Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update or revise it to reflect new events or circumstances, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260121192459/en/

For further information please contact:
Fortune Minerals Limited
Troy Nazarewicz
Investor Relations Manager
info@fortuneminerals.com
Tel: (519) 858-8188
www.fortuneminerals.com

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LAURION Strengthens its Technical Leadership at Ishkoday with Appointment of Pierre-Jean Lafleur, P.Eng., as Qualified Person

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(TheNewswire)

Laurion Mineral Exploration Inc.

Toronto, Ontario January 21, 2026 TheNewswire – Laurion Mineral Exploration Inc. (TSX-V: LME | OTCQB: LMEFF | FSE: 5YD) (‘LAURION’ or the ‘Company’) announces the appointment of Pierre-Jean Lafleur, P.Eng., as the Company’s new Qualified Person, effective immediately.

Pierre-Jean is a highly experienced geological engineer and consultant who has authored numerous National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’) technical reports for gold and mineral resource projects, including Duparquet (Québec), Balabag (Philippines) and Lac Lamêlée (iron ore, Québec), demonstrating deep expertise in gold, base metals, and international resource evaluation. He specializes in property evaluation, mineral resource estimation and various aspects of exploration and mining project management.

‘Pierre-Jean brings exactly the combination of geological insight, Qualified Person leadership, and technical discipline that aligns with our execution priorities,‘ said Cynthia Le Sueur-Aquin, President and CEO of LAURION. ‘His experience strengthens our ability to advance Ishkōday through disciplined interpretation, integrated modelling, and technically grounded decision-making as the project continues to evolve.’

The Company also extends its sincerest thanks to Jean-Philippe Paiement, P.Geo., for his contributions and efforts during his tenure as the Company’s Qualified Person. LAURION wishes him continued success in his future endeavours.

Strengthened Technical Team to Advance Ishkōday

LAURION has strategically strengthened its technical leadership to support disciplined advancement at the Ishkōday Gold-Polymetallic Project. Pierre-Jean Lafleur and Ali Ben Ayad (Structural-Geophysicist) will lead the integration and synthesis of LAURION’s geological, geophysical, and drilling datasets to refine the A-Zone geological envelope, develop robust 3D wireframes, and establish the technical foundation required for future resource-definition work under NI 43-101.

In parallel, Rogerio Monteiro of Vektore will contribute advanced structural interpretation and grade-vectoring analysis to support the prioritization of step-out targets with potential to extend known mineralization, with initial emphasis on the Sturgeon River Mine area and broader Ishkōday corridor. Vektore’s proprietary spatial-analytic framework transforms grade information into directionally weighted vector fields, supporting early-stage identification of structural trends and high-probability concentration zones.

 

This work will be closely coordinated with Ronacher McKenzie Geoscience (RMG) and LAURION’s internal exploration team to ensure disciplined execution, continuity of interpretation, and alignment across technical workstreams.

Guidance on Timing of NI 43-101 Technical Reports

 

While LAURION is working toward the technical foundation required to support an eventual NI 43-101 compliant technical report expressing a mineral resource estimate (‘MRE’), potentially followed by a subsequent technical report disclosing a preliminary economic assessment (‘PEA’), the Company is not providing guidance on timing of either of these technical objectives. Progress toward an MRE and PEA will depend on multiple factors, including ongoing refinement of geological and structural models, the definition of mineralized continuity through further work and drilling where required, and access to financing to execute the necessary programs. Accordingly, references to NI 43-101 technical reports should be regarded as an ongoing technical objective of the Company, not an indication that the completion dates for an MRE and PEA can be accurately predicted at this stage.

 

LAURION believes the appointment of Pierre-Jean as its new Qualified Person further strengthens the Company’s technical leadership as it continues developing Ishkōday.

 

Qualified Person

The technical contents of this release were reviewed and approved by Pierre-Jean Lafleur, P.Eng, a consultant to LAURION and a Qualified Person as defined by NI 43-101.

 

About LAURION Mineral Exploration Inc.

 

Laurion Mineral Exploration Inc. is a mid-stage junior mineral exploration company listed on the TSX Venture Exchange under the symbol LME and on the OTC Pink market under the symbol LMEFF. The Company currently has 278,716,413 common shares outstanding, with approximately 73.6% held by insiders and long-term ‘Friends and Family’ investors, reflecting strong alignment between management, the Board, and shareholders.

 

LAURION’s primary focus is the 100%-owned, district-scale Ishkōday Project, a 57 km² land package hosting gold-rich polymetallic mineralization. The Company is advancing Ishkōday through a disciplined, milestone-driven exploration strategy focused on strengthening geological confidence, defining structural continuity.

 

LAURION’s strategy is centered on deliberate value creation. The Company is prioritizing systematic technical advancement, integrated geological and structural modeling, and the evaluation of optional, non-dilutive pathways, including historical surface stockpile processing, that may support flexibility in LAURION’s exploration plans without diverting the Company’s focus from its core exploration objectives.

 

The Company’s overarching objective is to build project value before monetization, ensuring that any future strategic outcomes are supported by technical clarity, reduced execution risk, and demonstrated scale. While the Board remains attentive to strategic interest that may arise, LAURION is not driven by transaction timing. Instead, the Company is focused on advancing the Ishkōday Project in a manner that strengthens long-term shareholder value.

 

LAURION will continue to communicate updates through timely disclosure and will issue press releases in accordance with applicable securities laws should any material information arise.

 

FOR FURTHER INFORMATION, CONTACT:

 

Laurion Mineral Exploration Inc.

Cynthia Le Sueur-Aquin – President and CEO

Tel: 1-705-788-9186 Fax: 1-705-805-9256

 

Douglas Vass – Investor Relations Consultant

Email: info@laurion.ca

Website: http://www.LAURION.ca

Follow us on: X (@LAURION_LME), Instagram (laurionmineral) and LinkedIn ()

 

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Company’s current expectations regarding future events including with respect to LAURION’s business, operations and condition, management’s objectives, strategies, beliefs and intentions, the Company’s ability to advance the Ishkōday Project, the nature, focus, timing and potential results of the Company’s exploration, drilling and prospecting activities in 2026 and beyond, the timing of, and the Company’s ability to complete, any technical reports or milestones regarding the Ishkōday Project, and the statements regarding the Company’s exploration or consideration of any possible strategic alternatives and transactional opportunities, as well as the potential outcome(s) of this process, the possible impact of any potential transactions referenced herein on the Company or any of its stakeholders, and the ability of the Company to identify and complete any potential acquisitions, mergers, financings or other transactions referenced herein, and the timing of any such transactions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the TSX Venture Exchange or any other applicable regulator not providing its approval for any strategic alternatives or transactional opportunities, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Company’s publicly filed documents. Investors should consult the Company’s ongoing quarterly and annual filings, as well as any other additional documentation comprising the Company’s public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Company disclaims any obligation to update these forward-looking statements. All sample values are from grab samples and channel samples, which by their nature, are not necessarily representative of overall grades of mineralized areas. Readers are cautioned to not place undue reliance on the assay values reported in this press release.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

  

Copyright (c) 2026 TheNewswire – All rights reserved.

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Walker Lane Resources Ltd. Completes an Updated Mineral Resource and Plans in 2026 to Advance Exploration Efforts and a Preliminary Economic Assessment in its Silver Hart Project, Yukon, Canada

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TSX-V: WLR
Frankfurt: 6YL

Standards of Disclosure for Mineral Projects and its Companion Policy 43-101CP with an effective date of January 6, 2026.

Walker Lane Resources Ltd. logo (CNW Group/Walker Lane Resources Ltd)

The report was co-authored by Ronacher McKenzie Geosciences Inc. who conducted a site visit in 2025 to verify work completed since the 2021 season that has been reported by WLR which included a drill program in 2022, a minor sampling program on the Silver Hart claims in 2024, completion of a trenching program and minor reconnaissance efforts on the adjoining and acquired Blue Heaven claims in 2024, and reclamation programs on all of the claims in 2023 and 2024.

Subject to financing WLR intends to conduct drilling, socio-economic, environmental and engineering studies and initiate a Preliminary Economic Assessment of the Silver Hart Project in 2026.

The CIM Standards require that an estimated mineral resource must have reasonable prospects for eventual economic extraction. A summary of the SHP mineral resource economic and technical parameters and/or assumptions is presented in Table 1 below. A pit-shell was optimized based on silver equivalent values calculated using the economic parameters in the table.

Table 1: Summary of the Siver Hart Project Economic and Technical Parameters/Assumptions

Item

Units

Extended

Mining cost

CAD$/t all material

10.00

Processing cost

CAD$/t crude feed

25.50

G&A cost

CAD$/t crude feed

5.00

Exchange rate

CAD$ to US$

0.75

Ag price

USD$/oz

23.30

Pb price

US$/metric tonne

1,892

Zn price

US$/metric tonne

2,505

Metallurgical recovery

Percentage

80

Overall pit slope

Degrees

45

Silver Equivalent Calculation:  AgEq g/t = [(Ag ppm x %Rec. x Price/g) + (Pb ppm x %Rec. x Price/g) + (Zn ppm x %Rec. x Price/g)]/ (Ag Price/g x %Rec).
Note: Rec. = metallurgical recovery. AgEq=Silver Equivalent.

Block grade interpolation was performed using the ordinary kriging (OK) technique. The estimated pit constrained mineral resources were classified as Inferred, despite some close drill hole spacing in some zones and the continuity of mineralization as confirmed by variography, mainly because of the lack of substantiated metal recoveries and suspect collar surveys. Table 2 summarizes the update MRE fpr the Silver Hart Project effective as at January 6, 2026.

Table 2: Silver Hart Project – Pit Constrained Mineral Resources at a Cut-off Grade of AgEq>=50 g/t 

Mining Method

Domain

Mass (Tonnes)

Average Value

Material Content

AgEq g/t

Ag g/t

Pb %

Zn %

AgEq

Million oz

Ag Million oz

Pb

Million lb

Zn

Million lb

Open

Pit

TM_Zone

269,000

229.8

152.7

0.56

1.88

1.985

1.319

3.3

11.1

S_Zone

127,000

334.5

262.1

0.36

1.90

1.368

1.072

1.0

5.3

KL_Zone

1,026,000

110.9

35.7

0.11

2.17

3.659

1.178

2.5

49.0

K_Zone

265,000

79.8

14.2

0.09

1.90

0.680

0.121

0.5

11.1

M_Zone

202,000

173.6

98.1

0.58

1.82

1.128

0.637

2.6

8.1

Total

1,889,000

145.2

71.3

0.24

2.03

8.820

4.327

9.9

84.7

Notes:

1.

The effective date of this mineral resource statement is January 6, 2026.

2.

The qualified person responsible for this Mineral Resource Estimate (MRE) is Charley Murahwi, M.Sc., P.Geo., FAusIMM.

3.

The mineral resources have been estimated in accordance with the CIM Best Practice Guidelines (2019) and the CIM Definition Standards (2014)

4.

Ordinary Kriging (OK) interpolation was used with a single block size of 5m x 5m x 5m.

5.

The Economic & Technical parameters/assumptions are summarized in Table 1.1 above.

6.

The mineral resource results are presented in-situ within the optimized pit. Mineralized material outside the pit has not been considered as a part of the current MRE.

7.

The tonnes and metal contents are rounded to reflect that the numbers are an estimate and any discrepancies in the totals are due to the rounding effects.

8.

Mineral resources unlike mineral reserves do not have demonstrated economic viability.

The report also noted that:

  • All the deposits remain open along strike in both directions and down dip, and, in particular, the largest deposit (KL zone). The likelihood of some of the deposits merging (i.e., K to KL, TM main to H and S to M) cannot be ruled out if a program of step out and infill drilling is implemented.
  • The growth potential for the mineral resource is satisfactory as the deposits remain open for expansion in all directions (i.e., strike in both directions and down dip).
  • Prospects for growing the resource via new discoveries appear favorable based on the fact that several known mineral occurrences and anomalies within the Silver Hart and the adjacent Blue Heaven claims remain to be test drilled for resource evaluation.
  • The early initial metallurgical tests completed previously in 1986 and, in 2006, do not have substantiated documentation regarding representativity and location of the samples and, thus, the need for a fresh start is warranted. Nonetheless, the general response of lead, zinc and silver to flotation in those early tests was generally positive.

The NI-43-101 MRE report has been filed on its SEDAR+ profile and will soon be published on the Company’s website at www.walkerlaneresources.com

Kevin Brewer, President and CEO of WLR, commented ‘The MRE is a major milestone in our exploration efforts at Silver Hart. The MRE was estimated at prices much lower than current spot metal prices, which if used in the silver equivalent calculation in the MRE calculation result in an improved silver equivalent grade. You can do the math. As a result, WLR now intends to advance our evaluation of this project to consider a production decision in the short term. Mineralization in all of the zones in the Silver Hart Project start at surface and therefore are expected to be amenable to small scale open pit mining. WLR and its predecessor company CMC Metals Ltd. have been working on this project for 20 years and it is now prepped to take the project to the next stage.’

Next Steps – Highlights of Proposed 2026 Exploration Program and Preparation of a Preliminary Economic Assessment

Walker Lane Resources Ltd. also announced that it is preparing to commence planning for the next stage of its exploration program and evaluation of the Silver Hart Project which will contribute to a potential development decision for the project.

Subject to financing, WLR intends to:

  • Complete 1,500-2,000 meters of exploration drilling to (i) extend the resources on the TM Zone (ii) to conduct infill drilling in the TM Zone with the objective of converting a majority of the inferred resources to indicated resources.
  • Conduct 1,000-1,500 meters of exploratory drilling on known areas of mineralization on the Blue Heaven claims.
  • Metallurgical testing including pre-concentration (ore sorting / dense heavy media separation) assessments.
  • Conduct additional environmental and socio-economic studies to support a possible development application for the project. This is expected to include examining opportunities for partnerships with local First Nations.
  • Initiate a Preliminary Economic Assessment of the project which will include preliminary engineering and a preliminary transportation/logistics analysis.

Qualified Persons

The resource evaluation work was completed by Mr. Charley Murahwi, M.Sc. P.Geo., FAusIMM and Richard Gowans, B.Sc, P.Eng of MICON International Limited. Mr. Murahwi conducted a personal inspection of the Silver Hart Project on August 17-20, 2021. Dr. Gloria Lopez, PhD, P.Geo. of Ronacher-McKenzie Geosciences Inc. was a contributing author and conducted a personal inspection of the Silver Hart Project on September 16, 2025. This information release has also been reviewed and approved by the Qualified Persons.

About Walker Lane Resources Ltd.

Walker Lane Resources Ltd. is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. and other property assets in Yukon. The Company intends to initiate an aggressive exploration program to advance the Tule Canyon (Walker Lane, Nevada) and Amy (Rancheria Silver District, B.C.) projects through drilling programs with the aim of achieving resource definition in the near future.

For more information, please consult the Company’s filings, available at www.sedarplus.ca. Also please feel free to call Kevin at the number below.

ON BEHALF OF THE BOARD OF DIRECTORS

Kevin Brewer
CEO and Director
Walker Lane Resources Ltd.

Cautionary and Forward Looking Statements

This press release and related figures and/or tables, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘anticipate’, ‘plans’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘should’, ‘believe’ ‘targeted’, ‘can’, ‘anticipates’, ‘intends’, ‘likely’, ‘should’, ‘could’  or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve 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. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its properties including Silverknife and Amy properties in British Columbia, the  Silver Hart, Blue Heaven and Logjam properties in Yukon all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. (OTC-US: NBRI) and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remain subject to the condition of the option of the Silverknife property with Coeur Mining Inc. (TSX:CDE). These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company’s properties is reliable; the Company’s operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company’s properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company’s current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate.

Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company’s public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company’s control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company.

The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes ‘future-oriented financial information’ or ‘financial outlooks’ within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company’s actual financial position and results of operations may differ materially from management’s current expectations and, as a result, the Company’s revenue and expenses. The Company’s financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company’s accountants or auditors. The Company’s financial projections represent management’s estimates as of the dates indicated thereon.

SOURCE Walker Lane Resources Ltd

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Excellent Results from 2025 Core Drilling Program at McDermitt

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Jindalee Lithium Limited (Jindalee, or the Company; ASX: JLL, OTCQX: JNDAF) is pleased to report assay results from the drilling program at the McDermitt Lithium Project completed late 2025.

  • All holes returned strong lithium and magnesium intercepts from shallow depths, including:
    • R92: 36.5m @ 1951 ppm Li & 5.23% Mg from 24.5m
    • R93: 15.5m @ 1456 ppm Li & 5.45% Mg from 3.6m
    • R94: 66.0m @ 1599 ppm Li & 4.12% Mg from 0.4m
    • R95: 110.6m @ 1519 ppm Li & 4.80% Mg from 23.0m
    • R96: 20.1m @ 1514 ppm Li & 5.29% Mg from 0.4m
  • Three holes twinning earlier RC holes confirmed good correlation with RC results
  • High-quality core samples retained for metallurgical testwork (lithium and magnesium)

Background

On 3 December 2025 Jindalee announced the completion of a large diameter core drilling program at the Company’s 100% owned McDermitt Lithium Project1 (McDermitt, Project), one of the largest lithium deposits in the United States (US) and of global significance2 (Figure 1).

The program comprised five PQ3 (8.5cm diameter) core holes designed to obtain samples for metallurgical testwork to further optimise lithium recoveries, as well as unlock value from the significant magnesium endowment at McDermitt, via the value optimisation program announced late October 20253. The drilling also provided valuable geological and geotechnical data on the deposit, with three of the holes collared to twin reverse circulation (RC) holes drilled in 2021 and 20224.

Discussion

All five holes returned strong lithium and magnesium intercepts from shallow depths as summarised above and in Annexure A. Three holes (R94, R95 and R96) were collared to twin RC holes drilled previously by Jindalee (MDRC-24, MDRC-21 and MDRC-22 respectively), with assays from the recent core holes showing good correlation with the RC results (refer Table 1). Jindalee will now undertake detailed geostatistical analysis to further evaluate the relationship between the results from RC and core drilling to help determine the optimal drilling methods for future programs.

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Cyprium Metals Limited (ASX: CYM) – Trading Halt

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Trading in the securities of Cyprium Metals Limited (‘CYM’) will be halted at the request of CYM, pending the release of an announcement by CYM.

Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of:

  • the commencement of normal trading on Friday, 23 January 2026; or
  • the release of the announcement to the market.

CYM’s request for a trading halt is attached below for the information of the market.

Issued by
ASX Compliance

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