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The collapse of merger talks between Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Glencore (LSE:GLEN,OTCPL:GLCNF) has ended what would have been the mining industry’s largest-ever deal.

The two companies confirmed last week that discussions over a potential US$260 billion combination had been abandoned after failing to agree on terms that would deliver value for shareholders.

The deal, revived late last year, would have created the world’s largest diversified miner with dominant positions in copper, iron ore, lithium, and cobalt.

Rio Tinto said it was no longer considering a merger or other business combination with Glencore after determining it could not reach an agreement that met its shareholder objectives.

Glencore, for its part, said the proposed terms significantly undervalued its contribution to a combined group, particularly its copper portfolio and growth pipeline.

Shares in Glencore fell sharply following the announcement, briefly dropping more than 10 percent in London trading, while Rio Tinto shares also declined.

Under UK takeover rules, Rio is now barred from making another approach for six months unless granted special permission.

The breakdown marks at least the third failed attempt to combine the two mining giants over the past two decades. Talks were previously explored in 2008 and again in 2014, with another round briefly surfacing in 2024.

This latest effort gained momentum amid a broader wave of consolidation driven by long-term expectations of copper shortages tied to electrification, artificial intelligence (AI) infrastructure, and energy transition spending.

A combined Rio–Glencore would have reshaped the global mining landscape, pairing Rio’s operational scale and project development expertise with Glencore’s trading arm and exposure to copper and cobalt.

Despite the failed megamerger, dealmaking across the mining sector has continued at pace in early 2026, reflecting sustained pressure on producers to replenish reserves and secure long-life assets.

In January, Zijin Gold International (HKEX:2259,OTCPL:ZJNGF) agreed to acquire Allied Gold (TSX:AAUC,NYSE:AAUC) in an all-cash transaction valued at roughly US$4 billion. The deal gives Zijin expanded exposure to gold assets in Ethiopia, Mali, and Côte d’Ivoire, fitting the Chinese miner’s strategy of international expansion through large-scale, long-life projects.

Elsewhere, Eldorado Gold (TSX:ELD) and Foran Mining (TSX:FOM,OTCQX:FMCXF) agreed to combine in a share-based transaction that will create a larger gold and copper producer with two development projects scheduled to enter production in 2026.

The deal brings together Eldorado’s Skouries project in Greece and Foran’s McIlvenna Bay project in Saskatchewan, with the combined group targeting roughly 900,000 gold-equivalent ounces of production by 2027.

Glencore itself has remained active on the divestment side. In Australia, Austral Resources Australia agreed to acquire the Lady Loretta copper mine from Glencore, marking another step in the Swiss-based miner’s ongoing portfolio optimization.

The transaction includes a royalty structure and allows Glencore to retain some upside exposure while exiting a non-core asset.

Rare earths have also featured prominently in this year’s deal flow. Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) moved to acquire Australian Strategic Materials (ASX:ASM,OTCPL:ASMMF), a transaction aimed at creating a vertically integrated rare earths producer spanning mining, processing, and alloy production.

The deal includes ASM’s Dubbo project in Australia and its Korean metals plant, which is already in commissioning.

Analysts say the failure of the Rio–Glencore talks does little to dampen the broader consolidation narrative. Copper remains a central focus among producers as long-term supply deficits are widely forecast despite recent price volatility.

Lithium, rare earths, and other critical minerals are also attracting sustained interest as governments and manufacturers seek to secure non-Chinese supply chains.

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

This post appeared first on investingnews.com

Anteros Metals Inc. (CSE: ANT) (‘Anteros’ or the ‘Company’) is pleased to announce plans for a Phase 1 extension drilling program at the Seagull Critical Minerals Project (the ‘Project’), located approximately 80 kilometres northeast of Thunder Bay, Ontario, and operated by Rift Minerals Inc. (‘Rift’), under the option agreement announced on October 9, 2025 (the ‘Agreement’), pursuant to which Anteros may earn up to a 49% interest in the Project.

Subsequent to completion of Phase 1 drilling activities, Anteros and Rift have entered into an addendum to the Agreement that provides Anteros with the right, but not the obligation, to conduct a revised Phase 1 extension drilling program at the Project. The addendum provides for Rift to continue as operator and allows expenditures incurred under the revised Phase 1 program to be credited against potential Phase 2 exploration expenditures, should Anteros elect to proceed following receipt of an updated NI 43-101 compliant technical report. Any Phase 1 extension drilling will remain subject to final program design, approved budgets, and field conditions.

The Phase 1 extension follows the completion of drill hole RM26-01, which intersected discontinuous orthomagmatic sulphide mineralization within the basal cumulate sequence between approximately 589 and 608 metres, as well as a gas-bearing interval at approximately 877 metres within a narrow fault zone in Archean basement rocks of the Quetico Subprovince. The gas occurrence is situated at a similar stratigraphic position to gas reported in historical hole WM-01-08 located approximately 100 metres away. The significance, continuity, and composition of the gas remain under evaluation. Sulphide mineralization observed in the basal cumulate sequence is disseminated to locally weakly net-textured. Laboratory assay results from the sulphide-bearing intervals are pending.

Integrated interpretation of drilling and geophysical datasets, including Ambient Noise Tomography (‘ANT’) velocity modelling has been used by Rift to refine the interpreted geometry of the Seagull Intrusion and underlying basement, and is informing evaluation of Phase 1 extension drilling options. These interpretations are preliminary in nature and subject to revision as additional data become available.

The Phase 1 extension is designed to build on drilling observations and integrated geological and geophysical interpretation with the following technical objectives:

  • Continue evaluating orthomagmatic sulphide mineralization associated with Ni-Cu-PGE systems at the basal contact of the Seagull Intrusion.

  • Test the ~877 metre elevation to evaluate the presence and geological context of gas within a sub-horizontal structural feature.

  • Collect samples for laboratory analysis to support evaluation of sulphide mineralization and gas occurrence, where encountered.

The Company is currently evaluating drilling options to pursue these technical objectives while leveraging existing historical drill infrastructure. Given the depth of the target horizons, previously completed drill holes are being assessed as the platforms for any extension drilling to efficiently test mineralization and gas-bearing structures at depth while managing time, cost, and surface disturbance. Phase 1 extension drilling will be subject to final program design, field conditions, and financing.

A geological and geophysical section summarizing the integrated interpretation informing Phase 1 extension planning is shown in Figure 1.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/9885/283191_bab54286d425f91b_002.jpg

Figure 1: Interpreted geological and geophysical section across the Seagull Intrusion, incorporating drilling information and ANT velocity data. The section is oriented NE-SW and viewed toward the northwest, with historical drill holes shown in projected composite view. The gas-bearing interval (~877 m) and disseminated sulphide interval (~589-608 m) shown along drill hole RM26-01 are observational and based on drilling results. Interpretations are preliminary in nature and subject to revision as additional data become available. The figure is provided for geological context only and does not imply mineral resources, continuity, targeting conclusions, or economic significance. 

To view an enhanced version of this graphic, please visit:
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‘The Phase 1 extension represents a logical next step to build on observations from drill hole RM26-01, including the occurrence of gas and basal sulphide mineralization,’ said Trumbull Fisher, CEO of Anteros. ‘By leveraging existing drill holes, we are able to further evaluate these features and advance our technical understanding of the Seagull Critical Minerals system.’

The Company will provide further updates as program parameters are finalized and additional information becomes available. All observations to date are visual or preliminary in nature, based on limited drilling and geophysical information, and are subject to revision. Laboratory assay results are pending.

ABOUT THE SEAGULL PROJECT

The Project is located approximately 80 kilometres northeast of Thunder Bay, Ontario, and covers the interpreted mafic-ultramafic Seagull Intrusion within the Nipigon Basin. Historical exploration between 1998 and 2012 included airborne geophysical surveys and approximately 20,000 metres of diamond drilling, which reportedly intersected disseminated to semi-massive sulphide mineralization containing nickel, copper, and platinum-group elements along parts of the intrusion’s basal contact and reported the presence of naturally occurring gases. These historical results have not been independently verified by Anteros.

In 2024, Rift completed an Ambient Noise Tomography (‘ANT’) survey to refine the internal geometry of the Seagull Intrusion and to identify subsurface velocity contrasts interpreted to reflect lithological and alteration variations. These interpretations remain unverified by Anteros.

QUALIFIED PERSON

The scientific and technical information in this news release relating to the Seagull Project has been prepared by Rift Minerals Inc. and has been reviewed and approved by Dr. Geoff Heggie, P.Geo. (Ontario), a Qualified Person under National Instrument 43-101, who is independent of Anteros Metals Inc. This information has not been independently verified by Anteros Metals Inc. and is provided for geological context only.

ABOUT Anteros Metals Inc.

Anteros Metals Inc. is a Canadian mineral exploration company focused on advancing a pipeline of projects across Newfoundland and Labrador and select Canadian jurisdictions. The Company applies a technically driven, data-supported exploration approach targeting critical minerals and emerging strategic commodities relevant to the global energy transition.

ABOUT RIFT MINERALS INC.

Rift Minerals Inc. is a private corporation based in Thunder Bay, Ontario, founded in 2024 by Steven Stares, Michael Stares, Cliff Hickman and Abraham Drost, M.Sc., P.Geo. (Ontario). Rift has completed early-stage exploration work on the Seagull Project, including an Ambient Noise Tomography survey completed by Sisprobe, France.

For further information:

Email: info@anterosmetals.com | Phone: +1-709-769-1151
Web: www.anterosmetals.com

On behalf of the Board of Directors:
Chris Morrison
Director
chris@anterosmetals.com | +1-709-725-6520
16 Forest Road, Suite 200, St. John’s, NL, Canada A1X 2B9

Cautionary Statement Regarding Forward-Looking Information

This news release may contain ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements relating to the prospects for development of the Company’s mineral properties, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.

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

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Issued on behalf of Rua Gold Inc.

– USA News Group News Commentary China just flipped the table on global procurement. By locking down exports on silver, tungsten, and antimony, they signaled a strategic shift that is reshaping Western defense priorities[1]. The response was immediate: the U.S. Government mobilized over $30 billion in diverse funding to secure critical mineral supply chains, establishing allied jurisdiction deposits as the primary hedge against supply disruption[2]. This structural pivot elevates dual-commodity discoveries in stable regimes, positioning Rua Gold Inc. (TSXV: RUA,OTC:NZAUF) (OTCQB: NZAUF), Perpetua Resources (NASDAQ: PPTA) (TSX: PPTA), United States Antimony (NYSE-A: UAMY), Eldorado Gold (NYSE: EGO) (TSX: ELD), and Foran Mining (TSX: FOM) (OTCQX: FMCXF) within a narrowing window where defense-critical utility commands acquisition premiums far exceeding traditional gold valuations.

USA News Group Logo

Mining and metals M&A in 2026 centers on consolidation and supply chain security[3], while bilateral critical minerals frameworks signed in February 2026 establish the groundwork for nations to collaborate on pricing and financing for secure projects[2]. Capital allocation now favors polymetallic systems where geopolitical necessity intersects with proven geology, transforming once-marginal antimony credits into strategic assets that justify sector-leading takeover multiples.

Rua Gold Inc. (TSXV: RUA,OTC:NZAUF) (OTCQB: NZAUF) just laid out an aggressive 2026 game plan that puts four drill rigs to work across New Zealand’s historic Reefton Goldfield while simultaneously pushing toward mine permitting under the country’s new fast-track legislation.

The company now holds C$38 million in cash following an oversubscribed financing in January, giving it one of the strongest treasuries among junior gold explorers operating in the South Pacific. That war chest is funding a four-rig drill campaign at the Reefton Project on the South Island, where recent results at the Auld Creek target confirmed a major high-grade gold-antimony system. Drill hole ACDDH050 intersected 3.0m at 21.27 g/t AuEq (4.5 g/t Au and 3.9% antimony) from 137 meters depth, extending the deposit strike length to 870 meters with mineralization still open in every direction.

For anyone unfamiliar with the significance: antimony is a critical mineral used in military ammunition, flame retardants, and battery technology. China controls roughly 60% of global supply and has been tightening export controls, which means Western governments are actively hunting for new sources. New Zealand formally designated antimony as critical, which positions Rua Gold at the center of this supply chain scramble.

The permitting timeline is the part worth watching closely. The company plans to submit a Fast Track referral application in Q1 2026, with a regulatory decision on eligibility expected by Q2. If accepted, the Reefton Project would enter a six-month permitting window, the fastest regime of its kind globally. CEO Robert Eckford pointed to the approval of OceanaGold’s Wharekirauponga gold-silver project in just 112 days as proof the system works.

On the North Island, Rua Gold is also preparing to drill at the Glamorgan Project, located right next door to that same OceanaGold development in the Hauraki Goldfield, a district that has produced 15 million ounces of gold historically. Drill permits are expected by Q2 2026 for an initial 5,000-meter program.

Within the Reefton alone, Rua Gold controls 120,000 hectares in a district that historically produced over 2 million ounces of gold grading between 9 and 50 g/t. Backed by a leadership team responsible for US$11 billion in prior exits, the company is targeting a resource update above 300,000 ounces in Q1 2026, with three rigs running double shifts at Auld Creek and a fourth testing new targets across the broader goldfield. Investors should expect a steady flow of drill results throughout the year.

CONTINUED… Read this and more news for Rua Gold at:  https://usanewsgroup.com/2025/04/02/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/

In other industry developments and happenings in the market include:

Perpetua Resources (NASDAQ: PPTA) (TSX: PPTA) has entered an agreement with the Idaho National Laboratory to host, commission, and operate a flexible, modular pilot processing plant expected to recover various critical and defense-related minerals, including antimony from the Company’s Stibnite Gold Project. The initiative is part of a broader partnership with the U.S. Army via the Defense Ordnance Technology Consortium, with total DOTC awards reaching $22.4 million.

‘We are proud to collaborate with Idaho National Laboratory to further strengthen America’s defense capabilities and help secure a domestic source of antimony trisulfide. This partnership highlights Idaho’s role in national security and demonstrates our ongoing commitment to responsible resource development, job creation, and workforce training in Idaho,’ said Jon Cherry, President and CEO of Perpetua Resources.

The Stibnite Gold Project is the only identified reserve of antimony in America, with Perpetua Resources expecting to supply up to 35% of U.S. antimony demand during its first six years of operations. The pilot plant will produce antimony trisulfide concentrate needed for munitions and advanced systems used by U.S. military personnel.

United States Antimony (NYSE-A: UAMY) has announced a new hydrometallurgical processing advancement for critical minerals, revealing it has funded and assisted with the development of a commercial-scale hydromet facility in Bolivia that has expanded 15 times its original size and output. The company holds an exclusive contract to receive processed antimony flake from the Bolivian facility, with first receipt of approximately 150 tons anticipated in February/March 2026 at its recently expanded Thompson Falls smelter.

‘On January 15, 2026, USAC filed with the DOE a request for funding for a program total of $44 million associated with our hydromet process developed in Bolivia for a new facility to be located in the USA,’ said Gary C. Evans, Chairman and CEO of United States Antimony. ‘Additionally, the Company is working on a similar application for an award from the DoW for this process in a new location near the State of Montana. These new location(s) will be state of the art antimony processing facilities in North America.’

United States Antimony has also obtained an exclusive license to duplicate the hydromet process in North America and Australia, with the technology capable of processing sub-par antimony of less than 10% stibnite into finished material meeting military specifications. The company remains the only fully integrated antimony company in the world outside of China and Russia.

Eldorado Gold (NYSE: EGO) (TSX: ELD) and Foran Mining (TSX: FOM) (OTCQX: FMCXF) announced a definitive agreement to combine into a sector-leading gold-copper mining company, with Eldorado acquiring all outstanding Foran shares at an implied equity value of approximately C$3.8 billion. The transaction positions the combined entity to produce approximately 900,000 gold equivalent ounces in 2027, with both the Skouries project in Greece and McIlvenna Bay in Saskatchewan on budget and on schedule for commercial production in mid-2026.

‘This combination creates a stronger gold and copper growth company, defined by near-term cash flow generation and multiple catalysts,’ said George Burns, CEO of Eldorado Gold. ‘With Skouries and McIlvenna Bay scheduled to come online in 2026, the combined business is positioned for a step-change in production, cash flow, and global relevance.’

‘This transaction gives McIlvenna Bay the scale and financial strength to fully realize its potential, including the ability to accelerate phased expansion opportunities over time,’ said Dan Myerson, Executive Chair and CEO of Foran Mining. ‘Having advanced through the risk curve associated with development, the company is fast approaching an inflection point towards enhanced free cash flow and production growth.’

The combined company is expected to generate approximately $2.1 billion of EBITDA and $1.5 billion in free cash flow in 2027, with existing Eldorado and Foran shareholders owning approximately 76% and 24% respectively upon closing, which is expected in Q2 2026.

Article Source: https://usanewsgroup.com/2025/04/02/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/ 

CONTACT:

USA NEWS GROUP
info@usanewsgroup.com
(604) 265-2873

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (‘MIQ’). This article is being distributed for Baystreet.ca media corp, who has been paid a fee for an advertising contract with Rua Gold Inc. (forty five thousand dollars Canadian for a three month contract subject to the terms and conditions of the agreement from the company direct). MIQ has not been paid a fee for Rua Gold Inc. advertising or digital media, but the owner/operators of MIQ also co-owns Baystreet.ca Media Corp. (‘BAY’) There may also be 3rd parties who may have shares of Rua Gold Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY does not own any shares of Rua Gold Inc. but reserve the right to buy and sell, and will buy and sell shares of Rua Gold Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by Rua Gold Inc. Technical information relating to Rua Gold Inc. has been reviewed and approved by Simon Henderson, CP, AUSIMM, a Qualified Person as defined by National Instrument 43-101. Mr. Henderson is Chief Operational Officer of Rua Gold Inc., and therefore is not independent of the Company; this is a paid advertisement, we currently do not own any shares of Rua Gold Inc. but will likely buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

SOURCES CITED:

1.   https://discoveryalert.com.au/china-silver-export-restrictions-reshape-markets-2026/
2.   https://www.state.gov/releases/office-of-the-spokesperson/2026/02/2026-critical-minerals-ministerial
3.   https://www.pwc.com/gx/en/services/deals/trends/energy-utilities-resources.html

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SOURCE USA News Group

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Here’s a quick recap of the crypto landscape for Monday (February 9) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin (BTC) was priced at US$69,837.08, down by 1.1 percent over 24 hours.

Bitcoin price performance, February 9, 2026.

Bitcoin price performance, February 9, 2026.

Chart via TradingView

Ether (ETH) was priced at US$2,049.31, down by 3.5 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.41, down by 3.5 over 24 hours.
  • Solana (SOL) was trading at US$84.50, down by 3.9 percent over 24 hours.

Today’s crypto news to know

Tether deepens gold push with US$150 million stake in Gold.com

Tether has made a US$150 million investment in Gold.com, acquiring roughly a 12 pecent minority stake as it moves to broaden access to both tokenized and physical gold.

The deal sets up a long-term partnership that will integrate Tether’s gold-backed token, XAU₮, into Gold.com’s platform and explore ways for customers to buy physical gold using digital currencies such as USDT and the newly launched, federally regulated USA₮.

The move comes as gold prices push above US$5,000 an ounce, reinforcing demand for hard-asset exposure amid geopolitical and macroeconomic uncertainty. Tether said the gold-backed stablecoin market has nearly tripled over the past year to more than US$5.5 billion, with XAU₮ accounting for over 60 percent of total market value.

The company says XAU₮ is backed 1:1 by allocated physical gold, with about 140 tons in total held in secure vaults and each token linked to a specific London Good Delivery bar.

Bitcoin breaks below US$70,000 as liquidations accelerate

Bitcoin fell sharply this week, breaking below the closely watched US$70,000 level and trading as low as roughly US$60,300 before stabilizing near US$65,000

The US$70,000 mark had become a crowded positioning zone, and once it failed, mechanically driven selling took over.

In addition, the Crypto Fear & Greed Index dropped to 9, its lowest reading in nearly four years, while futures open interest slid toward multi-month lows, signaling defensive positioning rather than dip-buying. “

South Korea tightens scrutiny after Bithumb’s distribution error

South Korea’s Financial Supervisory Service has moved to strengthen oversight of crypto exchanges following a major error at Bithumb that briefly flooded user accounts with billions of dollars’ worth of bitcoin.

The incident occurred when customers were mistakenly credited with roughly 2,000 BTC each instead of small promotional rewards, triggering panic selling and a sharp price dislocation on the exchange.

Bitcoin prices on Bithumb fell as much as 30 percent below global levels before trading and withdrawals were halted.

Authorities said the episode exposed “vulnerabilities and risks” in virtual asset systems and raised concerns about internal controls and reserve backing. “It is a case that shows the structural problems of electronic systems for virtual assets,” said Lee Chan-jin, governor of South Korea’s Financial Supervisory Service.

Regulators plan to introduce tougher penalties for IT failures and expand monitoring tools that flag suspicious trading patterns in real time.

Of the more than 620,000 bitcoins mistakenly distributed, authorities said nearly all have since been recovered.

FDIC settles FOIA fight over crypto ‘pause letters’

The Federal Deposit Insurance Corporation (FDIC) has agreed to pay US$188,440 in legal fees and drop its effort to withhold crypto-related “pause letters,” settling a Freedom of Information Act lawsuit tied to alleged debanking practices.

The case stemmed from a records request filed by History Associates on behalf of Coinbase, seeking documents that showed how banks were allegedly pressured to halt or limit crypto activities.

A federal court ruled last year that the FDIC violated FOIA by categorically withholding the letters rather than reviewing them individually.

“We successfully uncovered dozens of crypto ‘pause letters’—indisputable proof of OCP2.0,” Coinbase chief legal officer Paul Grewal wrote on X after the settlement.

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

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

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Investor Insight

AmeriTrust Financial Technologies Inc. offers investors exposure to a scalable automotive finance platform with proprietary technology, targeting the underpenetrated used-vehicle leasing segment while generating revenue across origination, servicing and remarketing.

Overview

AmeriTrust Financial Technologies (TSXV:AMT,OTCQB:AMTFF,Frankfurt:1ZVA) is a publicly listed financial technology company operating in the US$1.6 trillion American automotive finance sector. The company has developed a proprietary, cloud-based platform that supports vehicle leasing and financing, asset servicing and remarketing. AmeriTrust’s technology connects dealers, consumers and funding partners through a streamlined digital workflow designed to automate underwriting, approvals, documentation and funding.

AmeriTrust Financial Technologies

While AmeriTrust supports both loan and lease products, its strategic emphasis is on used-vehicle leasing, a segment that remains significantly underpenetrated in the US market. Leasing represents approximately 25 percent of new vehicle transactions, but only less than 2 percent of used vehicle sales, which are largely confined to OEM-certified programs.

AmeriTrust positions used-vehicle leasing as an affordability-focused alternative to traditional retail financing, offering lower monthly payments and reduced upfront costs for consumers, while creating incremental sales opportunities for dealers and attractive risk-adjusted returns for lending partners. The company’s integrated model allows it to generate revenue across the full asset lifecycle rather than relying on a single point of monetization.

Company Highlights

  • Proprietary fintech platform purpose-built for new and used vehicle leasing, servicing and remarketing
  • Strategic focus on used-vehicle leasing, a segment with limited competition compared to new-vehicle leasing
  • Licensed across the U.S.
  • Proprietary technology integrated into major dealer ecosystems, enabling rapid decisioning and funding
  • Management team with decades of experience in specialty auto finance, capital markets and platform scaling

Key Solutions

u200bAmeriTrustu2019s scalable model overview

AmeriTrust’s scalable model overview:

1) Dealers and Lenders submit customers to AmeriTrust.

2) AmeriTrust underwrites, approves, funds contract and retains servicing.

3) A-Trust (Bankruptcy remote) sells revenue to finance partners with servicing retained.

4) AmeriTrust Serves is a full servicing platform providing data and performance reporting.

5) AmeriTrust Auto is a remarketing platform focused on repossessions and lease returns offered at retail direct-to-consumer online versus traditional wholesale methods; 5a) Vehicles not sold through retail are liquidated wholesale at auction.

AmeriTrust Financial

u200bAmeriTrust Financial

AmeriTrust Serves

AmeriTrust Serves is the backbone of AmeriTrust’s servicing operation. It brings payments, customer support, portfolio monitoring, and analytics into a single unified system, delivering transparency, control, and performance insight for both AmeriTrust and its funding partners.

AmeriTrust Auto

AmeriTrust Auto anchors AmeriTrust’s vehicle remarketing strategy, managing repossessions and lease-end inventory through a retail-first, direct-to-consumer approach. When retail isn’t viable, the focus can seamlessly shift to wholesale liquidation, maximizing asset value across the full loan and lease lifecycle.

Management Team

Jeff Morgan – Chief Executive Officer

Founder and CEO of AmeriTrust with more than 25 years of automotive finance experience. Previously founded MUSA Auto Finance and played a central role in developing AmeriTrust’s proprietary leasing technology.

John Wimsatt – Chief Investment Officer

Former chief investment officer at ECN Capital (TSX: ECN), with 30 years of experience in specialty finance and institutional funding markets.

Shibu Abraham – Chief Financial Officer

Finance executive with over 25 years of experience across public and private companies in Canada and the US. Holds CA, CPA and ACA designations and oversees financial reporting, compliance and capital markets activities.

Euwye Chan – Chief Accounting Officer

Accounting and finance professional with more than 18 years of experience and an MBA from Dallas Baptist University.

Blake Kirk – Chief Operating Officer

Auto finance executive with over 23 years of experience in operations, customer service, collections and loss mitigation, including senior roles at GM Financial, Exeter Finance, Sierra Auto Finance and Express Capital Services.

Troy Hocker – Chief Revenue Officer

Auto finance executive with more than 20 years of experience, including leadership roles at a major US direct-to-consumer leasing company.

Sean Severin – Chief Information Officer

Technology leader with more than 20 years of experience delivering financial solutions and leading large-scale technology and operational transformations.

Xia Zhang – Chief Technology Officer

IT executive with over 30 years of experience; played a pivotal role in building AmeriTrust’s loan origination and leasing systems.

Richard Goldman – Vice-President, Capital Markets

Capital markets professional with more than 30 years of experience; co-founder of AutoSoldNow (later acquired by PowerBand/AmeriTrust) and former president and CFO of a TSXV-listed company.

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  • Drilling at the Road Cut Zone extends mineralisation more than 150 m down-dip along the Contact Zone Fault, including 11.0 m at 1.54 g/t Au from 380.0 m (KDD0142)

  • Jagger Zone results confirm broad and continuous mineralisation at depth, highlighted by 13.0 m at 1.77 g/t Au and a high-grade interval of 2.0 m at 26.08 g/t Au (KDD0138)

  • Mineralisation remains open at depth and along strike at both Jagger and Road Cut Zones as drilling advances toward resource definition

Kobo Resources Inc. (‘ Kobo’ or the ‘ Company ‘) ( TSX.V: KRI ) is pleased to report diamond drill results from six additional holes completed at the Jagger and Road Cut Zones at its 100%-owned Kossou Gold Project (‘ Kossou ‘) in Côte d’Ivoire. The results confirm depth continuity within the established shear systems and extend mineralisation along the Contact Zone Fault.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260209917232/en/

Figure 1: Road Cut Zone Drill Hole Locations and Simplified Geology

Figure 1: Road Cut Zone Drill Hole Locations and Simplified Geology

Diamond Drill Results Highlights:

Road Cut Zone:

  • KDD0142
    • 4.0 metres ( m’) at 2.39 g/t Au from 139.0 m
    • 6.0 m at 1.89 g/t Au from 232.0 m
    • 11.0 m at 1.54 g/t Au from 380.0 m
    • 5.0 m at 1.84 g/t Au from 395.0 m

Jagger Zone :

  • KDD0138
    • 13.0 m at 1.77 g/t Au from 269.0 m, incl. 4.0 m at 3.32 g/t Au from 277.0 m
    • 2.0 m at 26.08 g/t Au from 342.0 m
  • KDD0141
    • 22.0 m at 0.87 g/t Au from 270.0 m, incl. 14.0 m at 1.09 g/t Au from 279.0 m

Edward Gosselin, CEO and Director of Kobo commented: ‘These results continue to confirm the strength and continuity of gold mineralisation within both the Jagger and Road Cut shear systems at our Kossou Gold Project. At the Road Cut Zone, drilling has extended mineralisation more than 150 m down-dip along the Contact Zone Fault, reinforcing its significance as a key structural control. At the Jagger Zone, broad zones of mineralisation and high-grade intercepts at depth continue to demonstrate the scale and vertical continuity of the system. Importantly, we remain highly encouraged that mineralisation remains open, and we will continue our systematic drilling strategy to expand both zones as we advance toward resource definition in 2026.’

Road Cut Zone: KDD0142 Confirms Down-Dip Extension of Contact Zone Fault Mineralisation

KDD0142 was drilled on section RCZ600 to test the down-dip extension of gold mineralisation associated with the Contact Zone Fault and has successfully extended the system to more than 150 m below surface (see Figure 2).

The hole intersected multiple mineralised zones across the shear system, including 6.0 m at 1.89 g/t Au from 232.0 m , 11.0 m at 1.54 g/t Au from 380.0 m , and 5.0 m at 1.84 g/t Au from 395.0 m . These results build on earlier intersections from KDD0109 , which returned 10.0 m at 1.86 g/t Au from 204.0 m ( see news release dated October 30, 2025 ). To the north on section RCZ550, previous results include KDD0052 that returned multiple gold zones associated with the Contact Zone Fault shear system including 5.0 m at 1.01 g/t Au from 228.0, 6.0 m at 1.26 g/t Au from 244.0 m and 6.0 m at 1.94 g/t Au from 264.0 m (see press release dated January 13, 2025 for details).

Together, these results confirm depth continuity of mineralisation along the Contact Zone Fault target . These results further prioritize the Contact Zone Fault as a key mineralised structure at the Road Cut Zone. The area remains open along strike and at depth, and additional drilling is planned to further define and extend mineralisation to the north, south and down dip.

Jagger Zone: Broad Mineralised Zones Confirm Depth Continuity

Drill hole KDD0138 on section JZ750 intersected 13.0 m at 1.77 g/t Au from 269.0 m , confirming the continuation of mineralisation below KDD0100 , which returned 11.0 m at 1.26 g/t Au ( see news release dated October 30, 2025 ). These results extend gold mineralisation on the section to more than 150 m below surface .

The hole also intersected a narrow but high-grade structure, returning 2.0 m at 26.08 g/t Au from 342.0 m , demonstrating the presence of higher-grade individual structures within the broader Jagger Shear system (see Figures 3 and 4).

On section JZ900 , drill hole KDD0141 intersected a broad zone averaging 22.0 m at 0.87 g/t Au from 270.0 m , including 14.0 m at 1.09 g/t Au from 279.0 m , confirming continuity of the mineralised shear system to approximately 180 m below surface (see Figure 5). Drill hole KDD0123 , located immediately above, previously returned 7.0 m at 1.48 g/t Au and 4.0 m at 1.31 g/t Au ( see news release dated January 14, 2026 ), further supporting vertical continuity.

Mineralisation remains open at depth on both sections. Full assay results from all six holes are presented in Table 1.

Table 1: Summary of Significant Diamond Drill Hole Results

BHID

East

North

Elev.

Az.

Dip

Length

From
(m)

To
(m)

Int.
(m)

Au
g/t

Target

KDD0137

229072

775262

350

70

-50

179.40

2.00

11.00

9.00

0.48

Jagger

19.00

22.00

3.00

0.70

Jagger

49.00

53.00

4.00

1.10

Jagger

57.00

60.00

3.00

1.66

Jagger

67.00

76.00

9.00

0.82

Jagger

incl.

67.00

73.00

6.00

1.06

Jagger

148.00

151.00

3.00

0.46

Jagger

KDD0138

228872

775082

414

70

-50

401.40

206.00

208.00

2.00

1.32

Jagger

250.00

254.00

4.00

0.94

Jagger

269.00

282.00

13.00

1.77

Jagger

incl.

277.00

281.00

4.00

3.32

Jagger

309.00

313.00

4.00

0.64

Jagger

342.00

344.00

2.00

26.08

Jagger

398.00

399.00

1.00

2.38*

Jagger

KDD0139

229087

775155

329

70

-50

215.30

6.00

18.00

12.00

0.65

Jagger

incl.

6.00

12.00

6.00

1.06

Jagger

8.00

12.00

4.00

1.42

Jagger

44.00

50.00

6.00

0.82

Jagger

74.00

87.00

13.00

0.65

Jagger

incl.

74.00

79.00

5.00

1.20

Jagger

93.00

95.00

3.00

0.81

Jagger

KDD0140

229054

774936

364

70

-50

149.30

64.00

70.00

6.00

0.53

Jagger

incl.

64.00

68.00

4.00

0.65

Jagger

124.00

125.00

1.00

2.17*

Jagger

KDD0141

228876

774925

398

70

-50

383.40

271.00

293.00

22.00

0.87

Jagger

incl.

274.00

293.00

19.00

0.96

Jagger

incl.

279.00

293.00

14.00

1.09

Jagger

301.00

302.00

1.00

1.20*

Jagger

308.00

311.00

3.00

0.99

Jagger

317.00

319.00

2.00

1.40

Jagger

KDD0142

228340

776113

296

70

-50

512.30

25.00

26.00

1.00

1.61*

RCZ

42.00

43.00

1.00

1.71*

RCZ

112.00

113.00

1.00

1.34*

RCZ

139.00

143.00

4.00

2.39

RCZ

159.00

160.00

1.00

2.27*

RCZ

185.00

186.00

1.00

1.92

RCZ

232.00

238.00

6.00

1.89

RCZ

251.00

253.00

2.00

3.48

RCZ

329.00

334.00

5.00

0.37

RCZ

339.00

340.00

1.00

1.44*

RCZ

368.00

369.00

1.00

1.21*

RCZ

380.00

391.00

11.00

1.54

RCZ

395.00

400.00

5.00

1.84

RCZ

410.00

411.00

1.00

1.33*

RCZ

419.00

422.00

3.00

0.47

RCZ

427.00

430.00

3.00

0.54

RCZ

Notes:

  • Cut-off using 2.0 m at 0.30 g/t Au
  • Intervals are reported with no more than 3.0 m of internal dilution of less than 0.3 m g/t Au except where indicated with an *

An accurate dip and strike and controls of mineralisation are unconfirmed and mineralised zones are reported as downhole lengths. Drill holes are planned to intersect mineralised zones perpendicular to interpreted targets. All intercepts reported are downhole distances, true widths are unknown.

Sampling, QA/QC, and Analytical Procedures

Drill core was logged and sampled by Kobo personnel at site. Drill cores were sawn in half, with one half remaining in the core box and the other half secured into new plastic sample bags with sample number tickets. Core samples are drilled using HQ core barrels to below the level of oxidation and then reduced to NQ core barrels for the remainder of the bore hole. Samples are transported to the SGS Côte d’Ivoire facility in Yamoussoukro by Kobo personnel where the entire sample was prepared for analysis (prep code PRP86/PRP94). Sample splits of 50 grams were then analysed for gold using 50g Fire Assay as per SGS Geochem Method FAA505. QA/QC procedures for the drill program include insertion of a certificated standards every 20 samples, a blank every 20 samples and a duplicate sample every 20 samples. All QAQC control samples returned values within acceptable limits.

Review of Technical Information

The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, P.Geo., who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo.

About Kobo Resources Inc.

Kobo Resources is a growth-focused gold exploration company with a compelling gold discovery in Côte d’Ivoire, one of West Africa’s most prolific gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.

With over 31,000 metres of diamond drilling, nearly 5,887 metres of reverse circulation (RC) drilling, and 7,100+ metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development.

Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d’Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo’s common shares trade on the TSX Venture Exchange under the symbol ‘KRI’. For more information, please visit www.koboresources.com .

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

Cautionary Statement on Forward-looking Information:

This news release contains ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209917232/en/

For further information:

Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com

Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.

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(TheNewswire)

Steadright Critical Minerals, Inc.

 

February 9, 2026 TheNewswire – Muskoka, Ontario Steadright Critical Minerals Inc. (CSE: SCM,OTC:SCMNF) (‘Steadright’ or the ‘Company’), a resource exploration company focused on advancing near‑term production opportunities, reports that from February 2nd 6th, 2026, members of the NSM Capital Sarl geological team from Morocco, together with a Canadian Earthworks contractor, were on site at the Copper Valley Copper Project to conduct field assessments in preparation for upcoming extraction activities.

 

The onsite team evaluated the existing road network to determine haulage suitability and required upgrades for the planned movement of mineralized stockpiles. In addition, several test pits were examined to verify material characteristics and confirm extraction logistics for the initial phase of testing operations.

 

This fieldwork follows Steadright’s recent announcement that the former property owner, EMTF Sarl, had previously applied for a Mining License and Environmental Permit covering Exploration Permit No. 3843143, now being transferred into NSM Capital Sarl, a Moroccobased company. Steadright’s Moroccan geological team expects receipt of the Mining License within the coming weeks. NSM Capital Sarl management has assumed responsibility for completing this process as expeditiously as possible.

Steadright holds a 75% interest in the common shares of NSM Capital Sarl through a shareholder agreement with Critical Foundation Metals Inc. (CFM), which holds the remaining 25%.

 

See Press Releases Dated January 8th, 2026 and January 20th, 2026.

Copper Valley, Copper-Lead-Silver Project, Morocco

 

Steadright CEO, Matt Lewis: ‘Our Moroccan team is indefatigable in their efforts. We are moving forward on our four properties in very, very good time and they should be quite proud. I encourage people to read about these efforts on our new website and in our new February Presentation (Deck), both of which can be found at www.steadright.ca.

ABOUT Steadright Critical Minerals INC.

 

Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright has been focused since late spring 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 a Binding 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.

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First drill testing of a large-scale Rossing-style uranium target, along trend of Namibia’s giant uranium deposits

ReeXploration Inc. (TSXV: REE) (FSE: K2I0) (‘ReeXploration’ or the ‘Company’) is pleased to announce the launch of a fully funded uranium drilling program at the Eureka Project in central Namibia. This campaign marks the Company’s first drill testing of a large-scale uranium target, 6.5 x 3.5 km in extent, defined through integrated geophysical, geochemical, and geological work. The target is located along trend of Namibia’s world renowned ‘Alaskite Alley’, a corridor hosting giant leucogranite-hosted uranium deposits.

The drill campaign will evaluate a range of priority zones distributed across the broader target area, selected on the basis of airborne and ground uranium radiometric responses, uranium-in-soil geochemistry, and interpreted favourable structural and lithological settings. The priority zones all fall within a regional geological setting consistent with leucogranite-hosted uranium systems elsewhere in Namibia’s Central Zone, including the Rössing, Husab, and Etango deposits.

The core drilling program is expected to include up to 2,000 metres of drilling across 12 to 15 drill holes, and will be results-driven. Drill holes are designed to test for primary leucogranite-hosted uranium mineralization below the weathering profile.

‘The start of drilling at Eureka marks a significant milestone for ReeXploration, representing our first drill program on a large and highly prospective uranium system,’ said Christopher Drysdale, Interim CEO of ReeXploration. ‘This initial campaign will evaluate several priority zones and generate critical information to refine our geological understanding and guide future exploration. Importantly, Eureka also hosts confirmed rare earth element mineralization, providing the Company with dual-commodity exposure and long-term strategic optionality. Operating in Namibia, with its proven history of supporting responsible exploration and development, significantly enhances our ability to advance and unlock the full potential of the Eureka Project.’

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6102/282719_8ad182f6940f097b_001.jpg

Figure 1: Regional satellite view showing the position of the uranium anomalies southwest of the Eureka Dome, and their proximity to the Welwitschia Lineament and other large uranium deposits in Alaskite Alley.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/282719_8ad182f6940f097b_001full.jpg

Program Overview and Next Steps

The initial drilling phase (up to 2,000 metres in 12 to 15 drill holes) is designed to provide first-pass testing of the uranium system at depth and to validate the geological model developed from recent radiometric surveys, soil geochemistry, and field mapping.

Priority zones for drill testing have been identified based on coincident:

  • Airborne uranium radiometric anomalies
  • High total gamma responses (>500 cps) from ground spectrometer surveys
  • Uranium-in-soil anomalies (>10 ppm U) identified by pXRF analysis
  • Interpreted leucogranites in contact with reactive calc-silicate host rocks

The zones include occurrences of visible secondary uranium mineralization identified within leucogranites and gypcretes/calcretes.

Drilling will consist of core drill holes designed to confirm the presence, style, and continuity of uranium mineralization at depth, and to improve the Company’s understanding of the broader uranium system across the Eureka Project area.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6102/282719_8ad182f6940f097b_002.jpg

Figure 2: Company license holding showing REE targets within the Eureka Dome, and airborne uranium anomalies (Government Airborne Radiometrics) backdrop. Insert: Thorium radiometric backdrop showing low thorium relative to the uranium anomalies.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/282719_8ad182f6940f097b_002full.jpg

Qualified Person

Tolene Kruger, BSc. (Hons), M.Sc., is a consulting geologist and has reviewed and approved the scientific and technical information in this news release. Ms. Kruger is registered as Professional Natural Scientist (Pr.Sci.Nat.) with the South African Council for Natural Science Professions (SACNASP, Reg. No.: 148182), and a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Ms. Kruger is not independent of the Company under NI 43-101.

About ReeXploration Inc.

ReeXploration (TSXV: REE) (FSE: K2I0) is a Canadian exploration company positioned to help meet surging global demand for secure, responsible supplies of critical minerals essential to the clean energy transition, advanced technologies and national defense. The Company’s flagship Eureka Project in central Namibia pairs a technically proven rare earth foundation – supported by the production of a clean monazite concentrate – with a newly defined, high-priority uranium target located within one of the world’s most established uranium corridors. Together, these commodities provide multi-path discovery potential aligned with accelerating global efforts to diversify critical mineral and nuclear fuel supply. Supported by a Namibia-based technical team and guided by global critical minerals experts, ReeXploration is advancing a disciplined, discovery-led strategy, building a credible, ESG-aligned platform positioned to benefit from the global race to diversify and secure responsible supply chains.

Caution Regarding Forward Looking Information

This press release may contain forward-looking information. This information is based on current expectations and assumptions (including assumptions relating to general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from results suggested in any forward-looking information. ReeXploration does not assume any obligation to update forward-looking information in this release, or to update the reasons why actual results could differ from those reflected in the forward-looking information unless and until required by securities laws applicable to ReeXploration. Additional information identifying risks and uncertainties is contained in the filings made by ReeXploration with Canadian securities regulators, which filings are available at www.sedarplus.ca.

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

Further details are available on the Corporation’s website at www.rareearthexploration.com or contact Christopher Drysdale, Interim CEO of ReeXploration Inc., at +1 902-334-1949, contact@rareearthexploration.com.

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Here’s a quick recap of the crypto landscape for Monday (February 9) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin (BTC) was priced at US$69,837.08, down by 1.1 percent over 24 hours.

Bitcoin price performance, February 9, 2026.

Bitcoin price performance, February 9, 2026.

Chart via TradingView

Ether (ETH) was priced at US$2,049.31, down by 3.5 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.41, down by 3.5 over 24 hours.
  • Solana (SOL) was trading at US$84.50, down by 3.9 percent over 24 hours.

Today’s crypto news to know

Tether deepens gold push with US$150M stake in Gold.com

Tether has made a US$150 million investment in Gold.com, acquiring roughly a 12 pecent minority stake as it moves to broaden access to both tokenized and physical gold.

The deal sets up a long-term partnership that will integrate Tether’s gold-backed token, XAU₮, into Gold.com’s platform and explore ways for customers to buy physical gold using digital currencies such as USDT and the newly launched, federally regulated USA₮.

The move comes as gold prices push above US$5,000 an ounce, reinforcing demand for hard-asset exposure amid geopolitical and macroeconomic uncertainty. Tether said the gold-backed stablecoin market has nearly tripled over the past year to more than US$5.5 billion, with XAU₮ accounting for over 60 percent of total market value.

The company says XAU₮ is backed 1:1 by allocated physical gold, with about 140 tons in total held in secure vaults and each token linked to a specific London Good Delivery bar.

Bitcoin breaks below US$70,000 as liquidations accelerate

Bitcoin fell sharply this week, breaking below the closely watched US$70,000 level and trading as low as roughly US$60,300 before stabilizing near US$65,000

The US$70,000 mark had become a crowded positioning zone, and once it failed, mechanically driven selling took over.

In addition, the Crypto Fear & Greed Index dropped to 9, its lowest reading in nearly four years, while futures open interest slid toward multi-month lows, signaling defensive positioning rather than dip-buying. “

South Korea tightens scrutiny after Bithumb’s distribution error

South Korea’s Financial Supervisory Service has moved to strengthen oversight of crypto exchanges following a major error at Bithumb that briefly flooded user accounts with billions of dollars’ worth of bitcoin.

The incident occurred when customers were mistakenly credited with roughly 2,000 BTC each instead of small promotional rewards, triggering panic selling and a sharp price dislocation on the exchange.

Bitcoin prices on Bithumb fell as much as 30 percent below global levels before trading and withdrawals were halted.

Authorities said the episode exposed “vulnerabilities and risks” in virtual asset systems and raised concerns about internal controls and reserve backing. “It is a case that shows the structural problems of electronic systems for virtual assets,” said Lee Chan-jin, governor of South Korea’s Financial Supervisory Service.

Regulators plan to introduce tougher penalties for IT failures and expand monitoring tools that flag suspicious trading patterns in real time.

Of the more than 620,000 bitcoins mistakenly distributed, authorities said nearly all have since been recovered.

FDIC settles FOIA fight over crypto ‘pause letters’

The Federal Deposit Insurance Corporation (FDIC) has agreed to pay US$188,440 in legal fees and drop its effort to withhold crypto-related “pause letters,” settling a Freedom of Information Act lawsuit tied to alleged debanking practices.

The case stemmed from a records request filed by History Associates on behalf of Coinbase, seeking documents that showed how banks were allegedly pressured to halt or limit crypto activities.

A federal court ruled last year that the FDIC violated FOIA by categorically withholding the letters rather than reviewing them individually.

“We successfully uncovered dozens of crypto ‘pause letters’—indisputable proof of OCP2.0,” Coinbase chief legal officer Paul Grewal wrote on X after the settlement.

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

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

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(TheNewswire)

Armory Mining Corp.

  

Vancouver, B.C. TheNewswire – February 9, 2026 Armory Mining Corp. (CSE: ARMY) (OTC: RMRYF) (FRA: 2JS) (the ‘Company’ or ‘Armory’) a resource exploration company focused on the discovery and development of minerals critical to the energy, security and defense sectors, is pleased to announce that is preparing to conduct a series of airborne geophysics surveys at the Ammo antimony-gold project (‘Ammo’) located in Nova Scotia, Canada.

The planned airborne geophysics surveys have been designed using efficient 50-meter flight lines (Fig 1) to collect information from associated sulfide mineralization, sericite and potassic alteration and probable pathfinder related uranium anomalies.

The Company intends on undertaking a magnetic survey designed to collect information regarding geological characteristics including structural and lithological features, an electromagnetic survey to collect data correlated with associated sulfide mineralization, and a radiometric survey to collect any possible correlation between uranium anomalies and the target mineralization.

‘These surveys form an important part of preliminary exploration critical to defining drill targets at Ammo,’ said Alex Klenman, CEO of Armory Mining. ‘The data generated by the surveys will aid tremendously in determining the best areas to drill.  The geological team has outlined a comprehensive exploration plan for the Ammo project, and we’re committed to completing these next steps,’ continued Mr. Klenman.  


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Figure 1 – Ammo Property and Significant Mining and Mineral Occurrences within and adjacent Distance

 

The Property

  • The Company has the option to acquire a 100% interest in the Ammo Sb-Au project, comprising three contiguous mineral claims (Exploration Licenses) surrounding the historical West Gore antimony-gold mine, a past producer of antimony and gold, located in central Nova Scotia, Canada covering approximately 3,020 hectares (Fig. 2). 

  • The property is underlain by sericitic slates and minor intercalated arenites of the Halifax formation, a member of the Ordovician Meguma Group. It is made up of a basal sandy flysch unit known as the Goldenville formation and an overlying shaly flysch unit known as the Halifax formation which hosts the West Gore gold-antimony mineralization. Peraluminous granites and minor mafic bodies intrude the Meguma Group sedimentary. This magmatic activity seems to be responsible for the hydrothermal activity that caused the gold mineralization (Fig 2). 

  • The mineralization in adjacent West Gore mineralization occurs throughout the Meguma Group stratigraphy. The mineralization is generally in laterally continuous veins were emplaced during hydrofracturing in brittle ductile deformation dominated by quartz-carbonate gangue and iron sulphides with free gold, generally micron sized but nuggets up to 11 ounces have been reported. The sulfides with mineralization including Pyrite, pyrrhotite, arsenopyrite, stibnite, chalcopyrite, galena, sphalerite and iron oxides are associated with quartz-carbonate veins or sheared host rocks in the Mineralized zone. 

 


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Figure 2 – Ammo Property and Surrounding Mining and Mineral Occurrences

 

About Armory Mining Corp

Armory Mining Corp. is a Canadian exploration company focused on minerals critical to the energy, security and defense sectors. The Company controls an 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. In addition, the Company controls 100% interest in both the Ammo antimony-gold project located in Nova Scotia and the Riley Creek antimony-gold project located in British Columbia.

 

Qualified Person

The technical content of this news release has been reviewed and approved by Mr. Babak V. Azar, P.Geo., a qualified person as defined by National Instrument 43-101. Historical reports provided by the optionor were reviewed by the qualified person. The information provided has not been verified and is being treated as historic.

 

Contact Information

 

Alex Klenman

CEO & Director

alex@armorymining.com

604-970-4330

 

Neither the Canadian Securities Exchange nor its Market Regulator (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.   This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the Company’s securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The Company’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘1933 Act’) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the  1933 Act) unless registered under the  1933 Act  and applicable  state  securities  laws, or an exemption from such registration requirements is available.

 

Forward-looking statements:

 

This press release contains certain forward-looking statements, including statements regarding the intended use of funds. The words ‘expects,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘plans,’ ‘will,’ ‘may,’ and similar expressions are intended to identify forward-looking statements. Although the Company believes that its expectations as reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties. Actual results may differ materially from those expressed or implied in these statements due to various factors, including, but not limited to, political and regulatory risks in Canada, operational and exploration risks, market conditions, and the availability of financing. Readers are cautioned not to place undue reliance on forward-looking statements, which are made as of the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

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