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Richmond Hill Resources PLC (AIM: RHR) announces that the Company has raised gross proceeds of £600,000 through a placing of 23,077,000 new ordinary shares of 0.1 pence each (‘Ordinary Shares’) at a price of 2.6 pence per new ordinary share (the ‘Issue Price’) (the ‘Placing’). In addition, further to the announcement on 18 December 2025, the Company has entered into a sale and purchase agreement (“SPA”) with Ulvestone Ltd (“the Vendor”) with respect to the Martello Gold Project in Canada.

Placing

Richmond Hill has raised gross proceeds of £600,000 comprising the Placing of 23,077,000 new Ordinary Shares at the Issue Price through its broker, Clear Capital Limited. The Issue Price represents a 6% premium to the mid-market closing price of 2.45 pence per Ordinary Share on 27 January 2026, being the latest practicable business day prior to the publication of this announcement.

The net proceeds of the Placing will be used to provide the Company with additional funding for general working capital and to progress its newly acquired Martello Gold Project in Ontario, Canada.

The Company is exploring the implementation of a facility to enable retail investors to participate in a future equity fundraise. A further announcement will be made in due course should such a facility be established.

Martello Gold Project

The Company has entered into an SPA to acquire the Martello Gold Project. The terms of the SPA are the same as the terms announced on 18 December 2025 with the exception that the vendor party has changed from Olerud Ltd to Ulvestone Limited. Ulvestone Ltd has assumed the Vendor’s rights and obligations under the transaction in place of Olerud Ltd. Both companies are controlled by James Ikin, a substantial shareholder in the Company.

As announced on 5 January 2026, work has commenced on historic data compilation and digitisation is ongoing to define high-priority drill targets for a maiden drill programme.The Company has been informed that the database compilation will be completed shortly.

Initial Cash and Equity Payment and Issue of Creditor Shares

Richmond Hill will shortly make a payment to the Vendor of £100,000 in cash.

Richmond Hill has also issued 38,750,000 new Ordinary Shares at a price of 2 pence per share (‘Consideration Shares’) to the Vendor in line with the first tranche payment due to the Vendor under the SPA.

The Company has also issued 1,300,000 new Ordinary Shares in the Company at a price of 2 pence per share to an outstanding creditor to settle existing liabilities (“Creditor Shares”).

Related Party Transaction

James Ikin, who is a substantial shareholder in the Company, controls the Vendor and therefore the entering into of the SPA constitutes a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The directors of the Company, all being independent of the transaction, having consulted with the Company’s nominated adviser, Cairn Financial Advisers LLP, consider that the terms of the transaction are fair and reasonable insofar as the Company’s shareholders are concerned.

Admission

Application will be made to the London Stock Exchange for the admission of 63,127,000 new Ordinary Shares to trading on AIM (‘Admission’). Admission is expected to occur on or around 11 February 2026.The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules, following Admission, the Company’s issued share capital will comprise 657,337,949 Ordinary Shares of 0.1 pence each. This figure may be used by shareholders as the denominator for calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

Hamish Harris, CEO of Richmond Hill, commented:The Board is delighted to have successfully raised funds at a premium to the prevailing share price on 27 January 2026. With gold trading above $5,000 per ounce at the time of this announcement and Richmond Hill is poised to commence drilling in the near term, we are excited about the significant momentum the Company has achieved in such a short period since listing. This fundraise positions us strongly to unlock value for shareholders as we advance our exploration programme.

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the Company’s ability to execute and implement future plans, and the occurrence of unexpected events. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

For further information, please contact:

Richmond Hill Resources

Hamish Harris

Tel: +44 (0)787958 4153

Cairn Financial Advisers LLP (Nominated Adviser)

Ludovico Lazzaretti / James Western

Tel: +44 (0)20 7213 0880

Clear Capital Limited (Broker)

Bob Roberts

Tel: +44 (0) 20 3869 6080

Further information on the Company can be found on its website at www.richmondhillresources.com

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Equity Metals Corporation (TSXV: EQTY,OTC:EQMEF) (‘Equity’ or the ‘Company’) reports that crews have mobilized in preparation for drilling on its 100% owned 18,871-hectare Silver Queen Property, northern British Columbia.

In this initial drilling program, sixteen-holes totaling 4,200 metres are planned to test parts of the existing resource model and will include twinning of several historical holes. Intercepts will be used to continue validation of the historical drill results, and mineralization from the new holes will be used for additional metallurgical test work on the No. 3 vein. This phase of the 2026 program is designed to further de-risk the project in preparation for economic assessment.

In addition to this first phase of the 2026 program, a larger exploration/development program is planned on the property, which will include:

  • Relogging and sampling of several historical drill holes from 2017-18;

  • Re-establishing underground access to the historical workings via the Earl Adit on the No. 3 Vein for lidar scanning and re-sampling purposes; and

  • Drilling on newly developed greenfields targets in the broader district generated in part through the Fall ’25 sampling program and earlier compilation.

The No. 3 Vein hosts the single largest resource currently identified on the Silver Queen property and with its southern extension, the NG-3 Vein, account for 65% of the currently modelled mineral resources on a AgEq basis. The NI43-101 Mineral Resource Estimate with effective date December 1st, 2022 is detailed in a News Release issued on Jan 16, 2023, which can be found by clicking here and the full Technical Report can be found on SEDAR+ and the Company’s website.

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Figure 1: Plan of the Silver Queen project area showing proposed drill pads for Winter 2026 testing

To view an enhanced version of this graphic, please visit:
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Arlington Property Update

The company also reports that final assays from 2025 drilling on the Arlington property have been received. Nine core holes totalling 3,407 metres were completed and tested three separate ‘hot-spot’ clusters of strongly anomalous Au-Ag-As values within the South Fresh Pots soil anomaly (Figure 2).

Drilling intersected several, shallowly dipping gold-enriched quartz veins within a granodioritic host rock

Assay highlights include:

  • A 1.6 metre interval averaging 3.9g/t Au, 0.29% Cu, (6.6g/t AuEq), from AR25-001;

  • A 7.0 metre interval averaging 1.2g/t Au, 0.03% Cu, (1.2g/t AuEq), from AR25-004; and

  • A 2.0 metre interval averaging 3.1g/t Au, 0.01% Cu, (3.1g/t AuEq), from AR25-005;

President Joe Kizis commented, ‘Drill results at South Fresh Pots indicated gold is closely associated with copper and a small granodiorite intrusion, potentially the distal part of a copper/gold-related intrusive system. The mineralization and IP chargeability (see figure and inset) suggest a vector towards a magnetic high beneath the North Fresh Pots target, which may be the source intrusion with thicker zones of mineralization surrounding the intrusion.’

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Figure 2: 3-D rendering of the South Fresh Pots area showing potential vectoring to a conductivity high located beneath the north Fresh Pots target

To view an enhanced version of this graphic, please visit:
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Work on the property in 2026 will include a Spring surface mapping and sampling program designed to upgrade new target areas for drilling, particularly the North Fresh Pots, Rona and Arlington target areas.

Earlier surface work on these targets includes a short Pack sack drill interval in the North Fresh Pots which returned a 0.7 metre interval of 2.2g/t Au, 11.34g/t Ag and0.35% Cu in magnetite skarn and surface chip sampling from the Arlington south area by previous management which returned 11.7g/t Au, 211g/t Ag and 3.22% Cu (see BC Assessment Report 41159).

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Figure 3: 2026 drill hole distribution on the Arlington property

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Table 1: Select Composites from 2025 Drilling on the No. 3 North Target

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Table 1: Select Composites from 2025 drilling on the Arlington property, BC

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Notes: drill core samples were analyzed by FA/AAS for gold and 48 element ICP-MS by MS Analytical, Langley, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits assayed by ore grade ICP-ES analysis, High silver overlimits (>1000g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. Silver >10,000g/t re-assayed by concentrate analysis, where a FA-Grav analysis is performed in triplicate and a weighed average reported. Downhole composites calculated using a 80g/t AgEq (1g/t AuEq) cut-off and <20% internal dilution, except where noted. Accuracy of results is tested through the systematic inclusion of QA/QC standards, blanks and duplicates into the sample stream. AuEq and AgEq were calculated using prices of $2,360/oz Au, $28.50/oz Ag, $4.25/lb Cu, $0.90/lb Pb and $1.20/lb Zn. AuEq and AgEq calculations utilized relative metallurgical recoveries of Au 70%, Ag 80%, Cu 80%, Pb 81% and Zn 90%.

Note that true thickness cannot be precisely calculated at this time, but is estimated between 70% and 80% of the down hole thickness

About Equity Metals Corporation

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

Robert Macdonald, MSc. P.Geo, is VP Exploration of Equity Metals Corporation and a Qualified Person as defined by National Instrument 43-101. He is responsible for the supervision of the exploration on the Silver Queen project and for the preparation of the technical information in this disclosure. He has reviewed and approved this news release.

On behalf of the Board of Directors
‘Joseph Anthony Kizis, Jr.’

Joseph Anthony Kizis, Jr., P.Geo
President, Director, Equity Metals Corporation

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Equity Metals Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

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Raptor Metals Ltd (ASX: RAP) (formerly Eastern Metals Limited (ASX: EMS)), advises that, following the General Meeting of Shareholders held on 7 November 2025 at which Shareholders approved the change of Company name from Eastern Metals Limited to Raptor Metals Ltd, the Australian Securities and Investment Commission has recorded the change.

For ASX purposes, the effective date for the Company name and ASX code change is 29 January 2026.

The Company will commence trading under its new name and ASX code (ASX: RAP) from the commencement of trading on 29 January 2026.

The Company’s new website is www.raptormetals.com.au

Managing Director, Brett Wallace said:

‘We are very pleased to launch our exploration activities under the new banner of Raptor Metals Ltd. We believe the name Raptor Metals better represents our future, with an invigorated Board and management group plus the diversification into Canadian copper exploration within our portfolio’.

This announcement has been authorised for release by the Board of Directors.

For further information, please contact:

Company
Raptor Metals
Brett Wallace
E. brett@raptormetals.com.au

Investor Relations
NWR Communications
Melissa Tempra
E. melissa@nwrcommunications.com.au

About Raptor Metals Ltd

Previously Eastern Metals Limited (ASX: EMS), Raptor Metals acquired Raptor Resources and is now focused on Canadian copper exploration with two projects in the historic Bathurst Mining Camp in New Brunswick. For further information regarding Raptor Metals and its portfolio of projects, please refer to the ASX announcement titled “Recompliance Prospectus” dated 10 October 2025 (released to ASX on 16 October 2025), or visit the Company’s website at www.raptormetals.com.au or ASX platform (ASX: RAP).

Forward-looking Statements

Any forward-looking statements in this document involve subjective judgment and are subject to uncertainties, risks, and contingencies outside the Company’s control. Actual events may vary materially. Recipients are cautioned not to place undue reliance on such statements. Raptor Metals disclaims liability for any loss arising from reliance on this information.

Competent Person Statement

The information in this announcement relating to the technical assessment of mineral assets, exploration results and mineral resources was reported in the ASX announcements released by the Company titled “Recompliance Prospectus” dated 10 October 2025 and “Pre-Reinstatement Disclosure” dated 7 January 2026. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original ASX announcements and that all material assumptions and technical parameters underpinning the original ASX announcements continue to apply and have not materially changed.

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Here’s a quick recap of the crypto landscape for Wednesday (January 28) 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 and Ether price update

Bitcoin (BTC) was priced at US$88,867.96, up by 2.0 percent over 24 hours.

Bitcoin price performance, January 28, 2025.

Chart via TradingView

Ether (ETH) was priced at US$2,990.46, up by 3.7 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.91, up by 2.3 percent over 24 hours.
  • Solana (SOL) was trading at US$126.72, up by 2.9 percent over 24 hours.

Today’s crypto news to know

Tether amasses massive gold reserve in Switzerland

Tether has quietly built what its CEO describes as the world’s largest non-sovereign gold hoard, holding roughly 140 tons of bullion worth about US$23 billion in a high-security Swiss bunker.

In an interview with Bloomberg, CEO Paolo Ardoino said the company has been buying more than a ton of physical gold per week, a pace that places it among the most active buyers in the global bullion market.

Executives say the strategy is designed to harden Tether’s balance sheet and hedge against fiat currency risk, particularly for its flagship stablecoin USDT and its gold-backed token XAUT.

Bullion traders note that sustained, price-insensitive buying of this scale can tighten supply and affect liquidity, especially when central banks and ETFs are also accumulating.

Critics, however, warn that concentrating so much physical gold in a single private entity adds a new layer of systemic and transparency risk.

South Dakota revives Bitcoin push

A South Dakota lawmaker has reintroduced legislation that would allow the state to allocate up to 10 percent of certain public funds to Bitcoin, reviving a proposal that stalled last year.

Filed by Republican Representative Logan Manhart, the bill would permit exposure through direct holdings, regulated custodians, or approved exchange-traded products. It also sets out strict custody and security standards, including exclusive control of private keys, encrypted hardware storage, and regular audits.

The measure has cleared its first procedural hurdle and is now with the state’s Committee on Commerce and Energy.

Similar initiatives have gained traction elsewhere, with several US states exploring or adopting crypto reserve strategies.

Paypal survey: large enterprises lead crypto payments adoption

Crypto payments are moving closer to routine checkout, driven largely by big businesses, according to a new survey from PayPal (NASDAQ:PYPL) and the National Cryptocurrency Association.

The survey found that about 40 percent of U.S. merchants now accept cryptocurrency, rising to 50% among companies with more than US$500 million in annual revenue.

Merchants cited growing customer demand as the main driver, with most saying shoppers have asked about paying with crypto and expect to use it regularly.

Ease of use remains the key barrier: respondents said adoption would accelerate if crypto payments felt as simple as card transactions.

PayPal said this demand is shaping product design, as firms look to integrate crypto without disrupting existing checkout flows.

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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Solvonis Therapeutics plc (LSE: SVNS), an emerging biopharmaceutical company developing novel medicines for high-burden central nervous system (‘CNS’) disorders, announces the expansion of its investigational compound SVN-015 into the treatment of depression, supported by preclinical data demonstrating antidepressant-like activity benchmarked against fluoxetine.

Key highlights:

  • SVN-015 expanded into depression following positive preclinical data in validated rodent behavioural models
  • Antidepressant-like activity benchmarked against fluoxetine after 14-day, once-daily dosing
  • SVN-015 is a novel Serotonin-Dopamine Reuptake Inhibitor (‘SDRI’) designed to engage pathways central to mood, motivation and reward processing
  • Supports potential in patients with inadequate response to SSRIs in depression, including symptoms such as anhedonia and reduced motivation
  • SVN-015 is expected to be developed as a once-daily oral therapy suitable for at-home use, aligned with standard antidepressant treatment cycles

In a direct preclinical evaluation, SVN-015 demonstrated antidepressant-like activity comparable to fluoxetine following 14-day, once-daily dosing in validated rodent behavioural models widely used to assess antidepressant activity. Fluoxetine, a selective serotonin reuptake inhibitor (‘SSRI’), is one of the most established benchmark compounds in antidepressant drug development.

SVN-015 is a novel Serotonin-Dopamine Reuptake Inhibitor (‘SDRI’), with patent applications filed, designed to engage pathways central to mood regulation, motivation, and reward processing. Despite widespread SSRI use, many patients fail to achieve adequate symptom control, particularly for symptoms such as anhedonia (feeling emotionally flat), reduced motivation, and impaired reward function. According to the U.S. National Institute of Mental Health (NIMH), Major Depressive Disorder (‘MDD’) affects more than 20 million adults in the United States annually, and tens of millions more across major international markets, including Europe and Japan.

SVN-015 is expected to be developed as a once-daily oral therapy suitable for at-home use, intended to support continuous symptom management within standard antidepressant treatment cycles. Its delivery model and reimbursement pathway are intended to align with established SSRI therapies, with potential advantages in scalability, patient access and long-term adherence.

As previously announced, SVN-015 has also been independently selected for evaluation within the U.S. National Institute on Drug Abuse (‘NIDA’) Addiction Treatment Discovery Program for stimulant use disorders, providing external, non-dilutive validation of the compound’s pharmacological profile in a separate CNS indication. This programme is separate from Solvonis’ research on depression.

Anthony Tennyson, Chief Executive Officer, commented:Demonstrating antidepressant-like activity versus a gold-standard SSRI following repeat dosing is a notable preclinical signal, supporting SVN-015’s expansion into research and development of small molecule therapies for depression.’

Professor David Nutt, Chief Scientific Officer, added: ‘These data are highly encouraging and reflect a mechanistically grounded approach engaging both serotonergic and dopaminergic systems. Demonstrating antidepressant-like effects under repeat-dose conditions supports further development of SVN-015 and the broader SDRI class as a potential new class of antidepressant medicines.’

Enquiries:

Solvonis Therapeutics plc

Via Walbrook

Anthony Tennyson, CEO & Executive Director

Singer Capital Markets (Broker)

+44 (0) 20 7496 3000

Phil Davies

Walbrook PR (PR/IR advisers)

Tel: +44 (0)20 7933 8780 or solvonistherapeutics@walbrookpr.com

Anna Dunphy

Mob: +44 (0)7876 741 001

Lianne Applegarth

Mob: +44 (0)7584 391 303

Rachel Broad

Mob: +44 (0)7747 515 393

About Solvonis Therapeutics plc

Solvonis Therapeutics plc (LSE: SVNS) is an emerging biopharmaceutical company developing novel small-molecule therapeutics for high-burden central nervous system (CNS) disorders. Headquartered in London and listed on the main market of the London Stock Exchange, Solvonis is advancing a differentiated pipeline of repurposed and novel compounds across addiction and psychiatry.

The Company’s lead programmes address Alcohol Use Disorder (AUD) and Post-Traumatic Stress Disorder (PTSD), with additional development and discovery work supporting expansion into further addiction and psychiatric indications, including stimulant use disorder and depressive disorders.

Its lead asset, SVN-001, is currently in Phase 3 for severe AUD in the UK, while SVN-002 is preparing for a Phase 2b trial in the US targeting moderate-to-severe AUD. The preclinical PTSD programme (SVN-SDN-14) leverages novel serotonin-dopamine modulators designed to enhance pro-social behaviour and long-term outcomes.

In parallel, Solvonis is advancing proprietary CNS discovery programmes supported by a dedicated compound library to identify new small-molecule modulators of key neurotransmitter systems. This platform enables efficient early-stage innovation and supports the Company’s integrated approach to developing therapies across its three strategic pillars.

With a capital-efficient model, dual development strategy, and near-term partnering opportunities, Solvonis is positioned to deliver sustained value through innovation in CNS therapeutics.

solvonis.com | LinkedIn | X (Twitter)

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Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that the Company has signed an amendment to its non-binding offtake agreement with Sengi Solar Importação e Exportação Indústria e Comércio (‘Sengi’) signed on February 4, 2025 (see press release dated February 10, 2025).

The amendment has the sole purpose of increasing the minimum quantities per year, originally set as a minimum of 20,000 (twenty thousand) tonnes of solar glass per year, and now increased to a minimum of 100,000 (one hundred thousand) tonnes per year. The price per tonne for the solar glass remains at USD 750 (seven hundred and fifty dollars), Free on Board (FOB) plant in Belmonte, Bahia, Brazil.

This amendment reflects recent developments in the Brazilian solar panel market, including rising tariffs on imports and the reduction of tariff exemptions for imported equipment, and positive long-term perspectives for clean energy demand in Brazil, particularly due to the country’s increasing attractiveness for the installation of data centers supporting Artificial Intelligence processing.

‘Homerun has completed a number of key deliverables since the signing of the original offtake agreement, which reassures partners like Sengi, regarding the importance and viability of our project. Signing this amendment reflects increasing demand for domestic solar production in Brazil and offtake partner confidence that our solar glass manufacturing plant is headed to success,’ stated Armando Farhate, COO of Homerun.

About Sengi Solar Importação e Exportação Indústria e Comércio
(https://www.sengisolar.com.br/)
Sengi Solar is a privately owned Brazilian company dedicated to the manufacturing of high-quality photovoltaic modules. Specializing in cutting-edge solar technology, the company produces efficient and durable solar panels designed for residential, commercial, and industrial applications. With a strong commitment to sustainability and innovation, Sengi Solar actively invests in research and development (R&D) to advance solar energy solutions. The company aims to lead Brazil’s renewable energy transition by delivering reliable, locally manufactured solar products that support a cleaner and more sustainable future.

About Homerun (www.homerunresources.com / www.homerunenergy.com)
Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

  • ⁠Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.

  • Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.

  • Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.

  • ⁠Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

On behalf of the Board of Directors of
Homerun Resources Inc.

‘Brian Leeners’

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

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.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281922

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Hecla Mining Company (NYSE:HL) has agreed to sell its Casa Berardi gold operation in Québec to Orezone Gold (TSX:ORE,OTCQX:ORZCF) for total consideration of up to US$593 million.

The deal, announced on Monday (January 26), involves the sale of Hecla Québec, a wholly owned subsidiary of Hecla that holds the Casa Berardi mine and related exploration properties.

Under the terms of the agreement, Hecla expects to receive up to US$593 million through a mix of upfront cash, equity, deferred payments and contingent consideration.

Hecla will receive US$160 million in cash at closing, along with about 65.7 million Orezone common shares, representing about 9.9 percent of Orezone’s pro forma shares outstanding, currently valued at roughly US$112 million.

In addition, Hecla is set to receive US$80 million in deferred cash payments, split into US$30 million payable 18 months after closing and US$50 million payable after 30 months.

The remaining consideration is contingent and could total up to US$241 million.

It includes up to US$211 million in production-based royalty payments tied to future open-pit output, calculated at US$80 per ounce for the first 500,000 ounces of gold and US$180 per ounce thereafter.

Hecla may also receive a US$20 million payment upon the granting of certain permits, as well as up to US$10 million linked to a gold price exceeding US$4,200 per ounce.

The transaction is supported by Franco-Nevada (TSX:FNV,NYSE:FNV), which Orezone said is a sponsor in the acquisition.

“The sale of Hecla Quebec represents an important milestone in Hecla’s transformation as we concentrate capital allocation and operational focus on our world-class silver portfolio,” said Rob Krcmarov, president and CEO of Hecla.

For Orezone, the acquisition marks a major expansion into Canada and adds a producing gold mine to its portfolio. The company said Casa Berardi will complement its Bomboré project in Burkina Faso and will provide diversification in a jurisdiction known for stable mining regulations and established infrastructure.

“This Transaction marks a significant inflection point for Orezone as it adds a proven, cash-flow-generating asset to our portfolio, and provides asset diversification in a Tier 1 Jurisdiction,” said Patrick Downey, president and CEO of Orezone.

Casa Berardi is an underground and open-pit mine located in Québec’s Abitibi region that has been in operation since the late 1980s. It has produced over 3.2 million ounces of gold to date.

As of the end of 2024, its proven and probable reserves stood at 1.3 million ounces, with additional measured, indicated and inferred resources supporting future operations.

Casa Berardi’s gold production guidance for 2026 is between 83,000 and 91,000 ounces.

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

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Sankamap Metals Inc. (CSE: SCU) (‘Sankamap’ or the ‘Company’) the Company and its auditor continue to work diligently toward the completion and filing of the Company’s annual audited financial statements and management’s discussion and analysis for the fiscal year ended June 30, 2025 (the ‘Required Filings’). The Company has obtained approval from the Alberta Securities Commission to extend the Management Cease Trade Order (‘MCTO’) under National Policy 12-203 Management Cease Trade Orders (‘NP 12-203’) until January 31, 2026. Sankamap confirms that substantially all audit work has been completed, with only one minor confirmation and customary completion procedures remaining. The Company is actively working to provide the outstanding items and is in contact with the relevant party. Subject to completion of these matters, the audit is expected to be finalized shortly.

The Required Filings were due to be filed by October 28, 2025. In connection with the anticipated delays in making the Required Filings, the Company made an application for a MCTO under NP 12-203 to the Alberta Securities Commission, as principal regulator for the Company, and the MCTO was issued on October 29, 2025. The MCTO restricts all trading by the Company’s CEO and CFO in securities of the Company, whether direct or indirect. The MCTO does not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.

The Company expects to proceed with the filing of its interim first-quarter financial statements shortly after the Required Filings have been completed and submitted.

The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release until it meets the Required Filings requirement. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information relating to its affairs that has not been generally disclosed.

For further information with respect to the MCTO, please refer to the Company’s news releases dated October 21, 2025, November 4, 2025, November 18, 2025, December 3, 2025, December 17, 2025, December 30, 2025, and January 13, 2026, available for viewing on the Company’s SEDAR+ profile at www.sedarplus.ca.

About Sankamap Metals Inc.

Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company’s fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newcrest’s Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).

Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap’s Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.

At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au2; underscoring the area’s significant potential.

At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au3. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au3, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au3, further underscoring the property’s strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.

1.Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)

2. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012

3. September 2010-June 2012 press releases from Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012

QP Disclosure

The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.

ON BEHALF OF THE BOARD OF DIRECTORS

s/ ‘John Florek’
John Florek, M.Sc., P.Geol
Chief Executive Officer
Sankamap Metals Inc.

Contact:
John Florek, CEO
T: (807) 228-3531
E: johnf@sankamap.com

The Canadian Securities Exchange has not approved nor disapproved this press release.

Forward-Looking Statements

Certain statements made and information contained herein may constitute ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Sankamap and there is no assurance that the actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as ‘anticipates,’ ‘believes,’ ‘targets,’ ‘estimates,’ ‘plans,’ ‘expects,’ ‘may,’ ‘will,’ ‘could’ or ‘would.’

This press release contains forward-looking statements, including, but not limited to, statements regarding management’s expectations about obtaining the MCTO and completing the Required Filings within the anticipated timeline. Forward-looking statements are subject to various risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such statements. Sankamap does not undertake any obligation to update forward-looking statements or information, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281882

News Provided by TMX Newsfile via QuoteMedia

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Graphite stocks and prices have experienced volatility in recent years recently due to bottlenecks in demand for electric vehicles, as graphite is used to create lithium-ion battery anode materials.

One major factor experts are watching is the trade war between China and the US.

China introduced export restrictions on certain graphite products on December 1, 2023, making it a requirement for Chinese exporters to apply for special permits to ship the material to global markets. In July 2025, the Trump administration in the US announced it would raise tariffs on battery-grade graphite imports from China to 93.5 percent.

Another trend that shaped the graphite market in 2025 was the increasing substitution of natural graphite with synthetic graphite in battery anode production; this comes in response to Chinese exports restrictions and US tariffs on natural graphite.

This led to much lower prices for natural graphite, and against that backdrop, many Canadian graphite stocks trended down. However, several graphite-focused companies have seen strong performances in the past year.

Below is a look at the year’s best-performing graphite stocks on the TSX, TSXV and CSE. Data was obtained on January 21, 2026, using TradingView’s stock screener, and all companies listed had market caps above C$10 million at that time. Read on to learn more about the operations and news of the top Canadian graphite companies.

1. Titan Mining (TSX:TI)

Year-to-date gain: 1,512.12 percent
Market cap: C$549.85 million
Share price: C$6.64

Titan Mining is a critical mineral mining and development company with zinc and graphite assets in New York, US. The company currently produces zinc concentrate and aims to become an end-to-end producer of natural flake graphite.

Its Empire State Mines (ESM) zinc operations include the ESM 4 mine, which restarted production in January 2018, along with six past-producing mines capable of supplying additional feedstock for its onsite mill.

In addition to zinc, the property also hosts the Kilbourne graphite deposit located 4,000 feet from the existing mill at its Empire Mines operation. A December 2024 maiden resource estimate demonstrates an open-pit inferred resource of 653,000 short tons of contained graphite from 22.42 million short tons of ore with an average grade of 2.91 percent graphitic carbon.

Throughout 2025, Titan focused on advancing its flake graphite demonstration processing facility at Kilbourne, with an initial capacity of 1,000 to 1,200 metric tons of graphite concentrate annually. This early production would be used for product qualification sales to defense companies and industrial companies in early 2026.

Construction of the demonstration plant began in May, and development continued throughout Q3 and Q4.

Titan announced in its Q3 results on November 5 that commissioning had begun and the facility was expected to produce its first graphite concentrate during Q4. Additionally, mining of the Kilbourne demonstration pit began in Q3, and the company had stockpiled 8,000 short tons of ore, with 500 short tons crushed for initial plant feed.

On December 11, the company announced that graphite processing had begun at the facility.

Titan released the preliminary economic assessment for the full Kilbourne project at the start of December. The operation is planned with a 13 year mine life and average graphite production of 37,438 metric tons per year. The study reports an after-tax net present value of US$513 million, an internal rate of return of 37 percent and a payback period of 2.69 years.

Then, on December 23, Titan said it had closed on a US$5.5 million financing package with the Export-Import Bank of the United States, which would be used to support accelerated resource drilling, metallurgical test work and engineering programs necessary for the completion of a 2026 feasibility study.

Shares in Titan Mining reached a high of C$7.09 on January 21.

2. HydroGraph Clean Power (CSE:HG)

Year-to-date gain: 1,336.73 percent
Market cap: C$1.11 billion
Share price: C$3.52

HydroGraph Clean Power produces cost-effective, high-purity graphene, hydrogen and other strategic nanomaterials.

Graphene, a pure carbon material extracted from graphite, has myriad potential applications in industries such as transport, solar cells, medicine, electronics, energy, defense and desalination.

HydroGraph has an exclusive license from Kansas State University to produce graphene and hydrogen via the organization’s patented detonation process. While lower-purity graphene is typically produced using natural graphite, HydroGraph’s patented process produces 99.8 percent pure carbon content graphene using acetylene and oxygen.

Much of HydroGraph’s news flow in 2025 centered on strategic partnerships.

Results from a research study conducted with Arizona State University demonstrated that the company’s HydroGraph’s Fractal Graphene is well suited for ultra-high-performance concretes and 3D-printed structures.

In February, HydroGraph announced a technical collaboration with an unnamed global leader in synthetic fiber manufacturing to assess the potential of its graphene technology in high-performance fiber applications.

The following month, HydroGraph shared the launch of a line of advanced graphene dispersions developed in collaboration with battery materials and testing services company NEI. The products have the potential to be used to produce high-performance electrodes for use in energy storage solutions.

The company signed a letter of intent in April that could lead to a North American industrial gas supplier providing it with access to large volumes of high-purity acetylene, an essential feedstock will help the firm advance its plans to build a new graphene production facility in Texas with the capacity to produce over 350 metric tons of graphene annually.

HydroGraph launched its Compounding Partner Program in July with the goal of attaining commercial-scale production of its high-performance Fractal Graphene in thermoplastics. In August, the company announced a partnership with Hawkey Bio to supply graphene for use in its Lung Enzyme Activity Profile early lung cancer detection test.

Then, in September, HydroGraph signed a letter of intent with SEADAR Technologies to provide it with graphene material to coat current and future undersea products.

As for 2026, the company announced on January 6 that it had moved from a tier 2 to tier 1 member with the Graphene Engineering Innovation Centre at the University of Manchester. The move will establish a HydroGraph lab in the center and increase access to its facilities.

HydroGraph reached a high of C$4.07 on October 31.

3. Focus Graphite Advanced Materials (TSXV:FMS)

Year-to-date gain: 394.12 percent
Market cap: C$45.47 million
Share price: C$0.42

Focus Graphite Advanced Materials is both a graphite miner and a battery technology company. Its wholly owned flagship Lac Knife high-grade crystalline flake graphite project is located in Northeastern Québec, Canada.

With a completed feasibility study, Lac Knife is one of North America’s most advanced graphite deposits. The company also holds Lac Tétépisca, the highest-purity graphite project in Québec.

In terms of battery technologies, Focus Graphite has a patent-pending proprietary silicone-enhanced spheroidized graphite technology that is designed to enhance battery performance and efficiency.

Throughout 2025, the company has reached several use-case milestones for graphite sourced from Lac Knife.

In mid-June, thermal purification testing on Lac Knife flake graphite resulted in refined concentrate to a purity level of 99.999 percent carbon, which Focus Graphite said “underscores (the company’s) potential to supply ultra-high-purity graphite material for nuclear energy applications, a market historically dominated by synthetic graphite.”

Graphite from the site was further validated in August, when it was used as part of nozzle components aboard Pluto Aerospace’s successful Dash 1 rocket Flight 003. The test was done to evaluate hypersonic performance and thermal resistance. The nozzle temperature exceeded 3,000 degrees Celsius.

The company said the collected data would be used to validate the performance characteristics of the graphite in high-stress environments for use in defense systems.

Then, on October 22, Focus reported that the anode material passed phase 1 battery validation conducted by Charge CCCV and American Energy Technologies Company. The independent lab tests confirmed near-theoretical electrochemical capacity around 371 milliampere-hours per gram, as well as strong suitability for lithium-ion batteries.

Shares of Focus Graphite reached a high of C$0.66 on November 3.

4. First Canadian Graphite (TSXV:FCI)

Year-to-date gain: 340 percent
Market cap: C$10.39 million
Share price: C$0.33

Formerly known as Green Battery Minerals, First Canadian Graphite is an exploration company advancing its Berkwood graphite project in Central Québec. The property sits adjacent to Nouveau Monde Graphite’s NPV Uatnam graphite project.

A June 2019 mineral resource estimate (MRE) demonstrated an indicated resource of 299,200 metric tons of graphitic carbon from 1.76 million metric tons of ore with a grade of 17 percent graphitic carbon, and an inferred resource of 250,200 metric tons graphitic carbon from 1.53 million metric tons of ore with an average grade of 16.4 percent.

In April 2025, the company announced its name change to First Canadian Graphite from Green Battery Minerals.

Much of First Canadian’s focus in 2025 was on its corporate governance and financing. On August 26, the company appointed Florent Baril to its board of directors. Baril has more than 40 years of experience in project engineering and resource development and was also the co-author for the Berkwood project’s MRE.

Then, on November 18, the company announced its intention to open a hard dollar financing round for up to 1.5 million units to raise gross proceeds of up to C$225,000 for general working capital. It also stated that it would offer an additional 1.5 million flow-through shares to raise C$300,000, to be directed to exploration expenses at Berkwood.

In a follow-up on December 12, First Canadian said it was applying to the TSX for approval to increase the hard dollar financing to a total of C$740,000, consisting of 4.93 million shares.

The most recent news came on January 12, when First Canadian reported that it had initiated airborne electromagnetic (EM) and magnetic surveys over Berkwood, covering five high-priority targets, to assess the probability and scope of hosted graphite occurrences.

The release also said that the company staked an additional 125 claims, bringing the total to 315 claims covering 16,542 hectares. First Canadian noted it was reviewing the claims and may add additional EM flyovers of the new property area.

First Canadian reached a high of C$0.43 on January 12.

5. Northern Graphite (TSXV:NGC)

Weekly gain: 58.82 percent
Market cap: C$17.04 million
Share price: C$0.135

Northern Graphite is a flake graphite developer and producer. In Ontario, Canada, it owns the producing Lac des Iles mine and the construction-ready Bissett Creek project, and in Namibia, it owns the past-producing Okanjande graphite mine.

According to a February 2024 technical report, the company’s flagship Lac des Iles mine hosts an indicated resource of 213,000 metric tons of graphitic carbon, with an additional inferred resource of 106,000 metric tons.

According to the company’s 2024 results released on May 1, the mine produced 11,697 metric tons of graphite concentrate in 2024. Northern Graphite noted that the mine was closed for maintenance and repair between November and mid-January.

However, in its Q1 report released on May 30, the company said it expected the existing pit at Lac-De-Iles to be exhausted by the fall of 2025 and was seeking support from various levels of government for the funding needed to extend the mine life by an additional 8 years.

On August 26, that support came in the form of up to C$6.23 million from Natural Resources Canada. At the time, Northern Graphite said it would begin work to extend the pit as soon as it could to avoid putting the mine on care and maintenance.

However, due to a bearing failure at the mill, the company chose to place the mine and mill on temporary care and maintenance on November 20 to begin repairs and to prepare for pit extension in 2026.

“Rather than stopping the plant now and again in January, we decided to start the maintenance program immediately in order to avoid having two separate shutdowns,” Northern CEO Hugues Jacquemin said.

The company is also advancing several battery anode material facilities projects’ the Baie-Comeau facility in Québec, the Yanbu facility in Saudi Arabia and a processing facility in Northern France.

In mid-April, the company announced a partnership with infrastructure and business development company BMI Group to evaluate the feasibility of developing its Canadian battery anode material facility in a former paper mill in Baie-Comeau that BMI is developing as a hub. This was quickly followed by a letter of support from the Port of Rotterdam on April 23.

On November 3, Northern announced that its consortium with Rain Carbon Canada had received a research and development grant of up to C$860,00 under the Canada-Germany Collaborative Industrial Research Program. The project will focus on transforming low-value natural graphite fine fractions into high-performance, battery-grade anode material.

Most recently, on January 14 of this year, the company signed a term sheet with Obeikan Investment Group to create a joint venture to develop and operate the US$200 million Yanbu battery anode facility in Saudi Arabia. Once complete, the facility will have a production capacity of 25,000 metric tons of battery anode material per year. Obeikan Investment Group will have a 51 percent ownership stake, with Northern Graphite holding the remaining 49 percent.

Shares in Northern Graphite reached a high of C$0.355 on January 14.

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

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

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