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4 Platinum Uses for Investors to Know

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Platinum may be rare, but it is the third most-traded precious metal in the world, behind gold and silver.

The world’s platinum demand varies widely across many sectors. Most notably, platinum metal is used in autocatalysts and jewelry, as well as for medical and industrial purposes. Those interested in investing in platinum would do well to be aware of the many platinum uses. After all, by knowing which industries require platinum, it’s possible to understand supply and demand dynamics, and to be aware of how the precious metal’s price may move in the future.

With that in mind, here’s a list of the four main platinum uses. Scroll on to learn more about platinum’s key applications.

In this article

    1. Autocatalysts

    One of the main platinum uses is in the construction of autocatalysts. An autocatalyst is a “cylinder of circular or elliptical cross section made from ceramic or metal formed into a fine honeycomb and coated with a solution of chemicals and platinum group metals.” An autocatalyst mounted inside a stainless steel canister is known as a catalytic converter.

    Catalytic converters are installed in a vehicle’s exhaust lines, between the engine and muffler, where they are used to moderate the dangerous qualities of exhaust. Specifically, the autocatalysts that vehicles contain convert over 90 percent of hydrocarbons and carbon monoxide into carbon dioxide, nitrogen and water vapor. They can also convert pollutants from diesel exhaust into carbon dioxide and water vapor, which is immensely helpful in reducing pollution.

    Autocatalysts have been used in the US and Japan since 1974, and are now so common that over 95 percent of new vehicles sold each year have one. As a result, they are a significant source of platinum demand that is not likely to disappear in the future. Indeed, as pollution rules become more stringent, car companies are looking at creating even more efficient autocatalysts.

    According to data from the World Platinum Investment Council (WPIC), automotive demand is forecasted to fall 3 percent to 3.02 million ounces in 2025 before falling another 3 percent to 2.92 million ounces in 2026.

    2. Platinum jewelry

    Platinum has many qualities that make it ideal for use in jewelry, and that is the second largest source of platinum demand. The metal is strong, resists tarnish and can repeatedly be heated and cooled without hardening or oxidizing.

    When used to make jewelry, platinum is commonly alloyed with other platinum-group metals such as palladium, as well as copper and cobalt, so that it is easier to work with.

    The history of platinum jewelry is long. More than 2,000 years ago, Indigenous people in South America made rings and ornaments out of platinum. Egyptians used platinum for decoration as early as the 7th century BCE. Meanwhile, Europeans began to use the metal in jewelry in the 18th century. Currently, China is the largest market for platinum jewelry.

    The WPIC expected platinum demand for jewelry was expected to increase 7 percent year-over-year to 2.16 million ounces in 2025, then decline 6 percent in 2026 to 2.04 million ounces.

    3. Industrial applications

    Platinum’s industrial applications could fill a book all on their own. For instance, platinum catalysts are used to manufacture fertilizer ingredients, and the metal is a key component in silicones, hard disks, electronics, dental restoration, glass-manufacturing equipment and sensors in home safety devices.

    Another platinum use is in the construction of hard drives with extremely high storage densities. And, because it is reactive to oxygen, oxides of nitrogen and carbon monoxide, platinum can be used to detect changes in the amount of those materials in vehicles and buildings. For the same reason, platinum is also used in medical sensors, particularly medical instruments that measure blood gases, to detect oxygen.

    Among growing segments is platinum’s use as a catalyst in the production of green hydrogen. Similar to how the metal is used to convert automotive pollutants, it can also be used as an electrolyzer to convert water into hydrogen and oxygen, with the resulting hydrogen usable in emission-free fuel cell vehicles. In 2025, demand from hydrogen production is predicted to grow by 20 percent to 50 million ounces, then increasing another 36 percent in 2026 to 58,000 ounces.

    Overall, WPIC forecast that industrial demand for platinum, including medical demand, would fall 22 percent to 1.9 million ounces in 2025 before growing 9 percent to 2.08 million ounces in 2026.

    4. Medical applications

    Platinum is used in electronic medical devices like those mentioned above, as well as in catheters, stents and neuromodulation devices. It is ideal for these applications because of its durability, conductivity and biocompatibility. The metal is also inert within the body, making it safe for implantation.

    To meet other medical needs, platinum can be formed into rods, wires, ribbons, sheets and micromachined parts. Further, it helps fight cancer in the drugs cisplatin and carboplatin, which are widely used to treat testicular cancer, as well as ovarian, breast and lung cancer tumors.

    Medical demand for platinum has increased in recent years, and is forecast to rise 4 percent to 320,000 ounces in 2025 and another 4 percent to 322,000 ounces in 2026.

    FAQs about platinum

    How much is platinum worth?

    In 2026, the price of platinum has spiked significantly as part of a precious metals bull market trading as high as US$2,900. In 2025, the PGM ranged between US$960 and US$1,900 per ounce.

    Although the industry is facing a growing supply deficit, it is also dealing with lagging demand. The shortfall in supply is related to a hangover from COVID-19 lockdowns, Russia’s war in Ukraine and ongoing electricity shortages and railway issues in the top platinum producing country South Africa. Russia typically ranks as the world’s second largest platinum-producing country.

    Meanwhile, economic pressures worldwide have weighed on demand for platinum from the automotive industry. However, the same economic challenges have led to less demand for electric vehicles, which don’t require platinum-laden catalytic converters.

    Which is more valuable, gold or platinum? Why?

    Platinum in general has historically traded on par or at a premium to gold, but since 2015 the two metals have diverged in price, with gold taking the high road. This split has been attributed to gold’s safe-haven status and platinum’s reliance on the industrial and jewelry markets, which don’t fare well in times of economic uncertainty.

    This has led to increasing demand for platinum jewelry as a cheaper alternative to gold jewelry.

    Although platinum is 30 times rarer than gold, much harder to mine and in high demand due to its important industrial uses, precious metal gold has long been valued as a form of currency and a store of wealth. The gold price is almost double the price of platinum in 2026.

    What’s the best investment, gold or platinum?

    Both gold and platinum have wealth-generating potential, but it’s important to determine which precious metals fit your investment strategy; consider looking at supply, demand and prices for each option before making a decision.

    To learn more, check out our article What is the Best Precious Metal to Invest In?

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

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    Crypto Market Update: Tether Builds Massive Gold Reserve in Switzerland

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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.

    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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    Gold Price Breaks Above US$5,300 as Fed Holds Rates Steady

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    The US Federal Reserve held its first meeting of 2026 from Tuesday (January 27) to Wednesday (January 28) amid growing tensions between Fed independence and the Trump administration.

    The central bank met analysts’ expectations by maintaining the federal funds rate in the 3.5 to 3.75 percent range. After three consecutive cuts at the end of 2025, the Fed decided to hold the line on interest rates. The board welcomed some positive signs of stabilization in the US economy, but has decided to take a “wait-and-see” approach.

    The Fed has a dual mandate to promote maximum employment and price stability.

    For several months now, its Board of Governors has been split between those concerned with preventing a further slowdown in the US labor market and those fearing the fight against inflation is far from over.

    The Fed’s preferred inflation metric, the Personal Consumption Expenditures (PCE) price index, came in above the 2 percent target, landing at 2.8 percent for November 2025. Meanwhile, Bureau of Labor Statistics data shows that the US economy added a modest 50,000 jobs in December 2025 compared to 56,000 jobs added in the previous month.

    A weak labor market in the face of entrenched inflation has left the Fed in a pickle.

    Lowering rates in turn lowers the cost of borrowing, which can provide businesses with more runway to grow their workforce. However, increasing available money supply by easing access to borrowing can also increase inflation.

    The split between doves and hawks that began in late 2025 is still plaguing the Fed into the new year, which promises to see current Chair Jerome Powell replaced with someone more likely to be on board with the much lower rate environment desired by the Trump administration. Two Fed board members cast dissenting votes against holding rates steady, including Governor Stephen Miran and Governor Christopher Waller, who both pushed for a 0.25 percent cut.

    “Economic activity has been expanding at a solid pace,” explained the Fed. “Job gains have remained low, and the unemployment rate has shown some signs of stabilization. Inflation remains somewhat elevated.”

    The unemployment rate ended 2025 at 4.4 percent. While that’s historically low, data also shows limited job vacancies, and low rates of new hiring. Business Insider reporter Madison Hoff notes that economists are calling this a “low-fire, low-hire environment” due to uncertainty over where the economy is headed.

    “It’s likely Fed leaders will stick to the status quo in January, in hopes that steady rates will push inflation closer to their 2% goal,” she wrote. “Affordability is a major concern for American households, as prices rise on housing, groceries, healthcare, and more. Powell has consistently prioritized price stability during his time as chair.”

    During a press conference following the rate decision, Powell was careful not to commit to any future rate cut timeline. While the board still sees “some tension between employment and inflation,” that is moderating, and the Fed no longer sees any big risk either of accelerated inflation or a further significant breakdown in the labor market.

    There’s also not much chance of a rate hike, either.

    “We don’t take things off the table, but it isn’t anybody’s base case right now,” said Powell.

    While PCE remains elevated at 2.8 percent, Powell noted that if the impact of tariffs were removed that figure would be hovering just above 2 percent. He explained that the Fed thinks this impact is largely in the rear-view mirror now.

    Any day now, US President Donald Trump is expected to announce a replacement for Powell, whose term expires in May 2026. Trump has criticized the Fed and Powell in particular, saying they haven’t lowered rates quickly enough.

    On October 27, US Secretary of the Treasury Scott Bessent announced a shortlist of candidates to replace Powell, including Fed governors Christopher Waller and Michelle Bowman, National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh and BlackRock (NYSE:BLK) executive Rick Rieder.

    The Wall Street heavyweight is reportedly the favored candidate at the moment.

    “Under Warsh, the Fed would likely signal a preference for a smaller footprint. Despite recent support for near-term rate cuts, his longer-standing views favor a scarce-reserves framework and balance-sheet reduction, which markets would associate with higher term premium and greater yield-curve volatility,” he added.

    Trump’s feud with the Fed escalated earlier this month, when the US Department of Justice served the agency with grand jury subpoenas, threatening a criminal indictment over Powell’s testimony to the Senate Banking Committee this past June. In addition to that, last week, the Supreme Court sat for oral arguments over whether Trump can legally remove Fed Governor Lisa Cook from her position over allegations of mortgage fraud.

    Although Powell batted away any political questions from reporters during the press conference, he did acknowledge that the Supreme Court case between Trump and Cook is the most “important legal case in the Fed’s 113-year history.’

    The gold price spiked to a new high of US$5,361.31 per ounce after the Fed’s decision, although much of that boost likely came from a much weaker US dollar, which is trading at four year lows. Silver traded in a range of US$110 to US$116 per ounce, just below the all-time high of US$117.72 per ounce set on Monday (January 26).

    Equities reactions were fairly muted following the rate announcement on Wednesday, with the S&P 500 (INDEXSP:INX) up 0.083 percent to reach 6,972.78. Meanwhile, the Nasdaq-100 (INDEXNASDAQ:NDX) gained 0.31 percent to come in at 26,020.9, and the Dow Jones Industrial Average (INDEXDJX:DJI) was down 0.0064 percent, coming to 49,000.29. It seems Wall Street had already factored in the Fed’s decision to hold.

    The next Fed interest rate decision will come on March 18, the second to last Fed meeting before Powell’s term as chair comes to an end. Most analysts expect interest rates to remain in a holding pattern until the second half of 2026.

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

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    RUA GOLD Closes C$33 Million Financing

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    Rua Gold INC. (TSXV: RUA,OTC:NZAUF) (OTCQB: NZAUF) (‘Rua Gold’ or the ‘Company’) is pleased to announce that it has closed its previously announced upsized private placement (the ‘LIFE Offering’) of 22,727,200 common shares in the capital of the Company (each, a ‘Common Share’) for gross proceeds of $24,999,920 and concurrent upsized private placement (the ‘Concurrent Offering’ and together with the LIFE Offering, the ‘Offering’) of 7,273,454 Common Shares for gross proceeds of approximately $8,000,800. Pursuant to the Offering, the Company issued an aggregate of 30,000,654 Common Shares at $1.10 per Common Share (the ‘Offering Price’) for aggregate gross proceeds of approximately $33,000,720.

    Raymond James Ltd. and Cormark Securities Inc. acted as co-lead agents and joint bookrunners in connection with the LIFE Offering, together with Beacon Securities Limited (collectively, the ‘Agents’).

    The net proceeds of the Offering will be used for exploration and development activities on the Company’s Reefton Project and Glamorgan Project, both located in New Zealand, and for working capital and general corporate purposes.

    Robert Eckford, CEO of Rua Gold commented: ‘We are excited to close our upsized financing with lead participation from two very well regarded new institutional investors taking our institutional ownership to over 40% of our share count. The endorsement by this group of sophisticated investors supports the strong conviction in both uncovering the potential of our undrilled epithermal opportunity in Glamorgan on the North Island of New Zealand, as well as supporting the execution of our fast tracked plan to production in the Reefton Goldfield on New Zealand’s South Island.

    The proceeds from this financing will enable us to accelerate exploration efforts and unlock the project’s high-grade potential. We sincerely appreciate the confidence placed in our team and strategy by these valued partners, and we look forward to delivering meaningful progress and long-term value for all stakeholders in the months and years ahead.’

    Pursuant to an agency agreement among the Company and the Agents dated January 28, 2026, the Company: (i) paid a cash fee of approximately $1,359,800 to the Agents; and (ii) issued 1,236,182 compensation warrants (the ‘Compensation Warrants’) to the Agents. Each Compensation Warrant is exercisable into one Common Share at the Offering Price for a term of two years expiring on January 28, 2028. In addition, the Company (i) paid a cash fee of approximately $133,925 to eligible finders relating to subscribers under the president’s list and (ii) issued 121,840 non-transferable finder’s warrants (‘Finder Warrants’) to the Finders. Each Finder Warrant is exercisable into one Common Share at the Offering Price for a term of two years expiring on January 28, 2028.

    The Common Shares sold under the LIFE Offering were issued pursuant to the listed issuer financing exemption available under National Instrument 45-106 – Prospectus Exemptions as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, in each of the provinces and territories of Canada other than Quebec. The Common Shares were also offered for sale in the United States pursuant to available exemptions from the registration requirements under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act’). The Common Shares issued under the LIFE Offering will not be subject to a statutory hold period pursuant to applicable Canadian securities laws. The Concurrent Offering was completed pursuant to applicable exemptions from prospectus requirements under applicable securities laws. The Common Shares issued pursuant to the Concurrent Offering are subject to a statutory hold period in Canada expiring four months and one day expiring on May 29, 2026. The Offering remains subject to the final acceptance of the TSX Venture Exchange (‘TSXV’).

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been and will not be registered under the U.S. Securities Act, or any state securities laws, and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.

    Option and DSU Grant

    The Company granted 1,375,000 options (each, an ‘Option’) to directors, officers, employees and consultants of the Company in accordance the Company’s stock option plan dated July 24, 2024. Each Option is exercisable into one Common Share at an exercise price of $1.43 per Common Share for five years following the date of grant. The Options are subject to a 3-year vesting period with 458,328 Options vesting on January 28, 2027, 458,333 Options vesting on January 28, 2028, and 458,339 Options vesting on January 28, 2029.

    The Company also announces the grant of 100,000 deferred share units (‘DSUs’) to non-executive directors of the Company at a deemed price of $1.43 per DSU, in accordance with the Company’s DSU Plan dated July 24, 2024. The DSUs are subject to a one-year vesting. Each DSU entitles the holder to receive one Common Share at the time the holder ceases to be a director of the Company.

    About Rua Gold

    Rua Gold is an exploration company, strategically focused on New Zealand. With decades of expertise, their team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is focused on maximizing the asset potential of Rua Gold’s two highly prospective high-grade gold projects.

    The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand’s South Island with over 120,000 hectares of tenements, in a district that historically produced over 2Moz of gold grading between 9 and 50g/t.

    The Company’s Glamorgan Project solidifies Rua Gold’s position as a leading high-grade gold explorer on New Zealand’s North Island. This highly prospective project is located within the North Islands’ Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver. Glamorgan is adjacent to OceanaGold Corporation’s biggest gold mining project, Wharekirauponga.

    Robert Eckford
    Chief Executive Officer

    FOR FURTHER INFORMATION PLEASE CONTACT:
    Robert Eckford
    Phone: (604) 655-7354
    Email: reckford@ruagold.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.

    Forward-Looking Information

    This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur and specifically include statements regarding: the Company’s strategies, expectations, planned operations or future actions including but not limited to exploration programs at its New Zealand properties; the intended use of the net proceeds of the Offering; and the final acceptance of the TSXV with respect to the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.

    Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company’s control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward-looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s documents filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

    Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

    This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281947

    News Provided by TMX Newsfile via QuoteMedia

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    Redmoor – Continuation of High-Grade Tungsten and Identification of High-Grade Tin Zones

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    Strategic Minerals plc (AIM: SML; USOTC: SMCDF), an international mineral exploration and production company, is delighted to announce that its wholly owned subsidiary, Cornwall Resources Limited (‘CRL’), has received assay results from drillhole CRD036 – the first from Pad 2 within the Redmoor Tungsten-Tin-Copper Project (‘Redmoor’) in southeast Cornwall – including further confirmation high-grades of tungsten and tin within the Sheeted Vein System (‘SVS’).

    CRD036 was aimed at twinning*1 historical drillholes and identifying mineralised continuity at shallower depths and within a hole designed to intersect a higher-grade, tin-dominant portion of the high-grade tungsten deposit.

    Highlights:

    Tin downhole intersections

    • · High-grade intersections from new tin-dominant zones include:
      • 0.50m @ 1.26% Sn, 0.02% Cu & 0.02% WO3 (1.06% WO3.Eq) from 314.82 m
      • 0.95m @ 1.18% Sn, 0.01% Cu & 0.02% WO3 (0.99% WO3.Eq) from 336.05 m
      • 0.70m @ 1.92% Sn, 1.09% Cu & 0.37% WO3 (2.23% WO3.Eq) from 383.40 m

    Tungsten downhole intersections

    • High-grade tungsten intersections include:
      • 4.50m @ 0.47% WO3, 0.14% Sn & 0.24% Cu (0.65% WO3.Eq) from 372.50 m
      • 1.00m @ 1.00% WO3, 0.02% Sn & 0.58% Cu (1.17% WO3.Eq) from 406.00 m
      • 0.70m @ 0.86% WO3, 0.07% Sn & 0.82% Cu (1.13% WO3.Eq) from 432.00 m
    • Further high-grade sample intervals, inside broad intersections, including:
      • 18.50 m @ 0.14% WO3, 0.20% Sn & 0.25% Cu (0.37% WO3. Eq) from 371.50 m, (see Figure 1) containing:
        • 0.80m @ 1.02% WO3, 0.09% Sn & 0.45% Cu (1.21% WO3.Eq) from 372.50 m
        • 0.54m @ 1.85% WO3, 0.28% Sn & 0.22% Cu (2.13% WO3.Eq) from 374.51 m

    Copper downhole intersections

    • High-grade intersections include:
      • 1.65m @ 1.09% Cu, 0.05% Sn & 0.23% WO3 (0.56% WO3.Eq) from 401.90 m
      • 1.00m @ 1.03% Cu, 0.04% Sn & 0.01% WO3 (0.32% WO3.Eq) from 415.00 m

    Silver*2

    • CRD036, like previous drill holes, reports elevated silver values in relation to mineralisation within zones that are copper-rich, demonstrated by:
      • 5.10m @ 0.66% Cu, 0.03% Sn & 0.34% WO3, and 15.5g/t Ag from 401.90 m, including 1.65 m @ 33.9 g/t Ag from 401.90 m

    Twinning Results and Model Updates

    Positive results from the drillhole twinning, and new insights into Redmoor deposit, including:

    • Twinning results between CRD036 and RM80_05B & 05C (1980s drillholes) highlight continuity of structures and reproducibility of historical results. This provides confidence for the use of the 1980s drillhole data in the deposit model and Mineral Resource estimate (‘MRE’) thereby reducing future prefeasibility drilling requirements.
    • Drillhole results have returned multiple zones of high-grade tin and copper intersections, supporting the presence and continuity of tin-copper lode structures within the existing Redmoor Mineral Resource, which will be further studied as part of the MRE update – these will be further detailed in a forthcoming update on the new Redmoor deposit model.

    Figure 1: Box photos with sample intervals (Yellow Arrows), highlighting an 18.50m intersection including highlighted high-grade tungsten and tin intervals. All samples are listed in tungsten trioxide equivalent (WO3.Eq).

    Dennis Rowland, CRL Managing Director, said:

    ‘The assay results report a trifecta of high-grade tungsten, tin and copper intersections for the first time from the 2025 programme within a tin-dominant zone of the deposit, along with analytical results for silver – which are being further investigated as part of ongoing metallurgical studies.

    Drillhole results continue to return multiple zones of high-grade tin and copper intersections, supporting the presence and continuity of tin-copper lode structures within the existing Redmoor Mineral Resource, which will be further modelled. This drillhole was designed as a twin of holes drilled by Southwest Minerals (SWM) in the 1980s and provides further confidence in these historical datasets.

    Following the receipt of these results, an update on the new Redmoor deposit model and the outcome of the twinning programme is expected shortly.’

    Mark Burnett, Strategic Minerals Executive Director, said:

    ‘Positive results such as these further highlight Redmoor’s position as the highest-grade, undeveloped tungsten resource in Europe, and amongst the highest grade globally.

    This is a crucial time for critical minerals projects, given significant global supply chain shifts alongside export controls resulting in a marked increase in metal prices and interest in the sector. The Board are focussed on the acceleration of the Redmoor project through an updated mineral resource and planned prefeasibility study (‘PFS’) thereafter. This will be supported by the recently completed fundraise for a significant infill drilling programme, designed to shorten drillhole spacing within the resource, as the major requirement for converting the deposit to an Indicated resource classification ahead of the planned PFS.’

    Detail of analytical results from CRD036

    Table 1: Drillhole collar data for CRD036.

    Pad

    Number

    Collar

    Orientation at Collar

    Total Depth (m)

    Easting (m)

    Northing (m)

    Elevation (m)

    Azimuth (⁰)

    Dip (⁰)

    2

    235710.00

    71254.00

    185

    176

    65

    461.70

    Figure 2: Plan (top-down) view of the previously modelled high-grade domains (gold) used in the 2019 Redmoor MRE, showing CRD036 (in red) and other CRL and SWM drillhole traces (black). CRD036 is an infill hole aimed at testing short-spaced continuity of structure and grade.

    Drill hole CRD036 (see Table 1 & Figure 2) was intentionally drilled to twin historical drilling results and confirm the presence of tin and copper-rich structures historically drilled (drill hole RM80_05B and 05C), along with identifying the higher-grade tin-rich section of the resource and shallower extent of the SVS system. The outcomes of the twinning programme will be further detailed shortly alongside updates to the deposit model, ahead of the MRE update expected Q1 2026.

    Laboratory assay results for drillhole CRD036 have returned further positive results from the current drilling programme, containing high-grade results, with tungsten (WO3) grades reaching 1.85%, copper (Cu) grades reaching 1.09%, and very-high-grade tin (Sn) grades reaching 1.92%, from a zone of the deposit known to be enriched in tin concentrations, coupled with silver (Ag) grades of up to 33.9 g/t correlated with copper mineralisation.

    Table 2 below, contains the details of the composite sample intersections including sample depths, thickness, metal content, and tungsten equivalent calculations, as well as the mineralisation style recorded by CRL geologists. The tungsten equivalent (WO3. Eq.) highlights the value-add from tin and copper to the tungsten grades of the sample intervals. Appendix 1 includes full details of each sample included in these composite intersections.

    Table 2: Highlights of downhole composite sample intersections returned from recently received results from drillhole CRD036 showing interval lengths and subsequent assay results for WO3, Sn & Cu. A tungsten equivalent result has also been calculated. Composited values use a downhole length weighted average of grades.

    Sample Start

    From (m)

    To (m)

    Interval (m)

    WO3 %

    Cu %

    Sn %

    WO3 eq. %

    Comments

    CRL005876-81

    308.72

    315.32

    6.60

    0.02

    0.08

    0.26

    0.25

    Lode-Style Sn Mineralisation

    incl. CRL005876

    308.72

    309.36

    0.64

    0.01

    0.15

    0.38

    0.36

    Lode-Style Sn Mineralisation

    incl. CRL005878

    311.02

    313.00

    1.98

    0.03

    0.05

    0.24

    0.24

    Lode-Style Sn Mineralisation

    and CRL005881

    314.82

    315.32

    0.50

    0.02

    0.02

    1.26

    1.06

    Lode-Style Sn Mineralisation

    CRL005893-95

    333.00

    337.00

    4.00

    0.21

    0.13

    0.37

    0.55

    Lode-Style Sn Mineralisation

    incl. CRL005893

    333.00

    335.00

    2.00

    0.41

    0.09

    0.14

    0.55

    S.V.S Mineralisation

    incl. CRL005895

    336.05

    337.00

    0.95

    0.02

    0.01

    1.18

    0.99

    Lode-Style Sn Mineralisation

    CRL005901-03

    344.95

    348.00

    3.05

    0.16

    0.15

    0.13

    0.31

    Lode-Style + SVS Mineralisation

    incl. CRL005901

    344.95

    345.50

    0.55

    0.01

    0.34

    0.57

    0.57

    Lode-Style Sn Mineralisation

    and CRL005903

    347.05

    348.00

    0.95

    0.52

    0.13

    0.04

    0.59

    S.V.S Mineralisation

    CRL005907-08

    352.00

    354.00

    2.00

    0.00

    0.43

    0.13

    0.22

    Lode-Style Cu+Sn Mineralisation

    CRL005913

    356.60

    357.30

    0.70

    0.45

    0.06

    0.04

    0.51

    S.V.S Mineralisation

    CRL005925-44

    371.50

    390.00

    18.50

    0.14

    0.25

    0.20

    0.37

    S.V.S Mineralisation

    incl. CRL005927-33

    372.50

    377.00

    4.50

    0.47

    0.24

    0.14

    0.65

    S.V.S Mineralisation

    cont. CRL005927

    372.50

    373.30

    0.80

    1.02

    0.45

    0.09

    1.21

    S.V.S Mineralisation

    and CRL005931

    374.51

    375.05

    0.54

    1.85

    0.22

    0.28

    2.13

    S.V.S Mineralisation

    incl. CRL005939

    383.40

    384.10

    0.70

    0.37

    1.09

    1.92

    2.23

    Lode-Style Cu+Sn Mineralisation

    and CRL005944

    389.00

    390.00

    1.00

    0.02

    0.25

    0.36

    0.39

    Lode-Style Sn Mineralisation

    CRL005948

    394.00

    395.00

    1.00

    0.09

    0.50

    0.35

    0.52

    Lode-Style Cu+Sn Mineralisation

    CRL005954-55

    399.00

    401.00

    2.00

    0.02

    0.09

    0.29

    0.28

    Lode-Style Cu+Sn Mineralisation

    CRL005957-61

    401.90

    407.00

    5.10

    0.34

    0.66

    0.03

    0.55

    S.V.S Mineralisation

    incl. CRL005957

    401.90

    403.55

    1.65

    0.23

    1.09

    0.05

    0.56

    S.V.S Mineralisation

    incl. CRL005961

    406.00

    407.00

    1.00

    1.00

    0.58

    0.02

    1.17

    S.V.S Mineralisation

    CRL005963

    408.00

    409.00

    1.00

    0.00

    0.21

    0.32

    0.32

    Lode-Style Cu+Sn Mineralisation

    CRL005966-77

    411.48

    420.77

    9.29

    0.15

    0.39

    0.05

    0.29

    Lode-Style + SVS Mineralisation

    incl. CRL005966-71

    411.48

    415.00

    3.52

    0.18

    0.29

    0.09

    0.33

    S.V.S Mineralisation

    incl. CRL005972

    415.00

    416.00

    1.00

    0.01

    1.03

    0.04

    0.32

    Lode-Style Cu Mineralisation

    and CRL005975

    418.00

    420.77

    2.77

    0.22

    0.47

    0.02

    0.37

    S.V.S Mineralisation

    CRL005982-84

    425.96

    428.78

    2.82

    0.16

    0.56

    0.08

    0.38

    S.V.S Mineralisation

    incl. CRL005982

    425.96

    426.9

    0.94

    0.45

    0.51

    0.07

    0.64

    S.V.S Mineralisation

    CRL005988

    432.00

    432.70

    0.70

    0.86

    0.82

    0.07

    1.13

    S.V.S Mineralisation

    Note*1 Twinned drillholes refer to new CRL drillholes which are aimed to intersect SVS mineralisation in close proximity to previous historical drilling undertaken by South West Minerals in 1978-1982, in order to verify the robustness of the historical drilling data, as well as test the continuity/reproducibility of grade and structure across the spacing between the drillholes.

    Note*2 Further silver analysis and commentary will follow completion of metallurgical testworks and resource modelling, noting there is no assumption at this stage that silver will be recoverable or economically reportable in the Mineral Resource.

    Note*3 Tungsten Equivalent (WO3.Eq) Calculation: WO₃ (EQ)% = WO₃%+(Sn% x 0.82) + (Cu% x 0.27)

    Commodity price assumptions: WO₃ US$ 43,000/t, Sn US$ 32,525/t, Cu US$ 9,429/t. Using the 12-month average to September 2025. Recovery assumptions: total WO₃ recovery 72%, total Sn recovery 68% and total Cu recovery 85%. Payability assumptions of 81%, 90% and 90% respectively.

    Competent Person Statement:

    The information in this announcement that relates to Sampling Techniques and Data and Exploration Results has been reviewed and approved by Mr Laurie Hassall, MSci (Geology), FIMMM, QMR, FGS, who is a full-time employee of Snowden Optiro. Mr Hassall holds a Master of Science degree in Geology from the University of Southampton and is a Fellow of the Institute of Materials, Minerals and Mining (FIMMM), through which he is also accredited as Qualified for Minerals Reporting (QMR). He is also a Fellow of the Geological Society of London (FGS).

    Snowden Optiro has been engaged by Cornwall Resources Limited to provide independent technical advice. Mr Hassall, a full-time employee of Snowden Optiro, is acting as the Competent Person and is independent of Cornwall Resources Limited. He has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code), and under the AIM Rules.

    Mr Hassall consents to the inclusion in this announcement of the matters based on his information, in the form and context in which it appears. He confirms that, to the best of his knowledge, there is no new information or data that materially affects the information contained in previous market announcements, and that the form and context in which the information is presented has not been materially modified.

    For further information, please contact:

    Strategic Minerals plc

    +44 (0) 207 389 7067

    Mark Burnett

    Executive Director

    Website:

    www.strategicminerals.net

    Email:

    info@strategicminerals.net

    Follow Strategic Minerals on:

    X:

    @StrategicMnrls

    LinkedIn:

    https://www.linkedin.com/company/strategic-minerals-plc

    SP Angel Corporate Finance LLP

    +44 (0) 20 3470 0470

    Nominated Adviser and Broker

    Matthew Johnson/Charlie Bouverat/Grant Barker

    Zeus Capital Limited

    Joint Broker

    Harry Ansell/Katy Mitchell

    +44 (0) 203 829 5000

    Vigo Consulting

    +44 (0) 207 390 0234

    Investor Relations

    Ben Simons/Peter Jacob/Anna Sutton

    Email:

    strategicminerals@vigoconsulting.com

    Notes to Editors

    About Strategic Minerals plc and Cornwall Resources Limited

    Strategic Minerals plc (AIM: SML; USOTC: SMCDY) is an AIM-quoted, producing minerals company, actively developing strategic projects in the UK, United States and Australia.

    In 2019, the Company completed the 100% acquisition of Cornwall Resources Limited and the Redmoor Tungsten-Tin-Copper Project.

    The Redmoor Project is situated within the historically significant Tamar Valley Mining District in Cornwall, United Kingdom, with a JORC (2012) Compliant Inferred Mineral Resource Estimate published 14 February 2019:

    Cut-off (SnEq%)

    Tonnage (Mt)

    WO3

    %

    Sn

    %

    Cu

    %

    Sn Eq1

    %

    WO3 Eq

    %

    >0.45 <0.65

    1.50

    0.18

    0.21

    0.30

    0.58

    0.41

    >0.65

    10.20

    0.62

    0.16

    0.53

    1.26

    0.88

    Total Inferred Resource

    11.70

    0.56

    0.16

    0.50

    1.17

    0.82

    1 Equivalent metal calculation notes; Sn(Eq)% = Sn% x 1 + WO3% x 1.43 + Cu% x 0.40. WO3(EQ)% = Sn% x 0.7 + WO3 + Cu% x 0.28. Commodity price assumptions: WO₃ US$ 33,000/t, Sn US$ 22,000/t, Cu US$ 7,000/t. Recovery assumptions: total WO3 recovery 72%, total Sn recovery 68% & total Cu recovery 85% and payability assumptions of 81%, 90% and 90% respectively

    More information on Cornwall Resources can be found at: https://www.cornwallresources.com

    In September 2011, Strategic Minerals acquired the distribution rights to the Cobre magnetite project in New Mexico, USA, through its wholly owned subsidiary Southern Minerals Group. Cobre has been in production since 2012 and continues to provide a sustainable revenue stream for the Company.

    In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia. The Company has entered into an exclusive Call Option with South Pacific Mineral Investments Pty Ltd trading as Cuprum Metals to acquire 100% of the project.

    About the CIOS Good Growth Fund and UK Shared Prosperity Fund

    This project is part-funded by the UK Government through the UK Shared Prosperity Fund. Cornwall Council is responsible for managing projects funded by the UK Shared Prosperity Fund through the Cornwall and the Isles of Scilly Good Growth Programme.

    Cornwall and Isles of Scilly has been allocated £184 million for local investment through the Shared Prosperity Fund. This new approach to investment is designed to empower local leaders and communities, so they can make a real difference on the ground where it’s needed the most.

    The UK Shared Prosperity Fund proactively supports delivery of the UK-government’s five national missions: pushing power out to communities everywhere, with a specific focus to help kickstart economic growth and promoting opportunities in all parts of the UK.

    For more information, visit

    https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus

    For more information, visit https://ciosgoodgrowth.com

    Appendix 1

    Table 3: Composite intersections and individual sample results, including, sample numbers, depths and widths, metal contents and tungsten equivalent calculations.

    Sample Start

    From (m)

    To (m)

    Interval (m)

    WO3 %

    Cu %

    Sn %

    WO3 eq. %

    CRL005876-81

    CRL005876

    308.72

    309.36

    0.64

    0.01

    0.15

    0.38

    0.36

    CRL005877

    309.36

    311.02

    1.66

    0.03

    0.05

    0.07

    0.10

    CRL005878

    311.02

    313.00

    1.98

    0.03

    0.05

    0.24

    0.24

    CRL005879

    313.00

    314.82

    1.82

    0.02

    0.12

    0.11

    0.15

    CRL005881

    314.82

    315.32

    0.50

    0.02

    0.02

    1.26

    1.06

    CRL005893-95

    CRL005893

    333.00

    335.00

    2.00

    0.41

    0.09

    0.14

    0.55

    CRL005894

    335.00

    336.05

    1.05

    0.00

    0.31

    0.10

    0.17

    CRL005895

    336.05

    337.00

    0.95

    0.02

    0.01

    1.18

    0.99

    CRL005901-03

    CRL005901

    344.95

    345.50

    0.55

    0.01

    0.34

    0.57

    0.57

    CRL005902

    345.50

    347.05

    1.55

    0.00

    0.10

    0.03

    0.06

    CRL005903

    347.05

    348.00

    0.95

    0.52

    0.13

    0.04

    0.59

    CRL005907-08

    CRL005907

    352.00

    353.00

    1.00

    0.00

    0.34

    0.03

    0.12

    CRL005908

    353.00

    354.00

    1.00

    0.00

    0.52

    0.22

    0.32

    CRL005913

    356.60

    357.30

    0.70

    0.45

    0.06

    0.04

    0.51

    CRL005925-44

    CRL005925

    371.50

    372.00

    0.50

    0.01

    0.42

    0.21

    0.29

    CRL005926

    372.00

    372.50

    0.50

    0.02

    0.08

    0.07

    0.10

    CRL005927

    372.50

    373.30

    0.80

    1.02

    0.45

    0.09

    1.21

    CRL005928

    373.30

    374.51

    1.21

    0.05

    0.04

    0.03

    0.08

    CRL005931

    374.51

    375.05

    0.54

    1.85

    0.22

    0.28

    2.13

    CRL005932

    375.05

    376.00

    0.95

    0.12

    0.39

    0.30

    0.48

    CRL005933

    376.00

    377.00

    1.00

    0.15

    0.20

    0.08

    0.27

    CRL005934

    377.00

    378.00

    1.00

    0.02

    0.39

    0.22

    0.30

    CRL005935

    378.00

    378.90

    0.90

    0.04

    0.07

    0.08

    0.12

    CRL005936

    378.90

    380.90

    2.00

    0.00

    0.51

    0.13

    0.25

    CRL005937

    380.90

    382.05

    1.15

    0.02

    0.13

    0.12

    0.15

    CRL005938

    382.05

    383.40

    1.35

    0.00

    0.05

    0.03

    0.04

    CRL005939

    383.40

    384.10

    0.70

    0.37

    1.09

    1.92

    2.23

    CRL005941

    384.10

    386.15

    2.05

    0.01

    0.03

    0.04

    0.05

    CRL005942

    386.15

    387.45

    1.30

    0.02

    0.30

    0.19

    0.26

    CRL005943

    387.45

    389.00

    1.55

    0.02

    0.03

    0.12

    0.13

    CRL005944

    389.00

    390.00

    1.00

    0.02

    0.25

    0.36

    0.39

    CRL005948

    394.00

    395.00

    1.00

    0.09

    0.50

    0.35

    0.52

    CRL005954-55

    CRL005954

    399.00

    400.00

    1.00

    0.02

    0.05

    0.34

    0.30

    CRL005955

    400.00

    401.00

    1.00

    0.02

    0.14

    0.24

    0.25

    CRL005957-61

    CRL005957

    401.90

    403.55

    1.65

    0.23

    1.09

    0.05

    0.56

    CRL005958

    403.55

    405.00

    1.45

    0.01

    0.52

    0.04

    0.18

    CRL005959

    405.00

    406.00

    1.00

    0.36

    0.23

    0.02

    0.44

    CRL005961

    406.00

    407.00

    1.00

    1.00

    0.58

    0.02

    1.17

    CRL005963

    408.00

    409.00

    1.00

    0.00

    0.21

    0.32

    0.32

    CRL005966-77

    CRL005966

    411.48

    412.40

    0.92

    0.01

    0.30

    0.23

    0.28

    CRL005967

    412.40

    413.00

    0.60

    0.43

    0.16

    0.10

    0.56

    CRL005968

    413.00

    413.70

    0.70

    0.03

    0.20

    0.02

    0.10

    CRL005971

    413.70

    415.00

    1.30

    0.27

    0.39

    0.01

    0.39

    CRL005972

    415.00

    416.00

    1.00

    0.00

    1.03

    0.04

    0.32

    CRL005973

    416.00

    417.00

    1.00

    0.02

    0.19

    0.01

    0.08

    CRL005974

    417.00

    418.00

    1.00

    0.08

    0.05

    0.02

    0.10

    CRL005975

    418.00

    418.92

    0.92

    0.30

    0.51

    0.02

    0.46

    CRL005976

    418.92

    420.00

    1.08

    0.29

    0.41

    0.02

    0.42

    CRL005977

    420.00

    420.77

    0.77

    0.02

    0.52

    0.02

    0.18

    CRL005982-84

    CRL005982

    425.96

    426.90

    0.94

    0.45

    0.51

    0.07

    0.64

    CRL005983

    426.90

    428.00

    1.10

    0.01

    0.75

    0.10

    0.30

    CRL005984

    428.00

    428.78

    0.78

    0.03

    0.35

    0.04

    0.16

    CRL005988

    432.00

    432.70

    0.70

    0.86

    0.82

    0.07

    1.13

    Source

    This post appeared first on investingnews.com
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    Apollo Silver Closes Second and Final Tranche of $27.5 Million Private Placement Offering, with a $12.5 Million Investment from Jupiter Asset Management

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    Apollo Silver Corp. (‘Apollo Silver’ or the ‘Company’) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that it has closed the second and final tranche of its previously announced upsized non-brokered private placement (the ‘Offering’), previously announced on January 21, 2026. Pursuant to the closing of the second and final tranche of the Offering, the Company issued an aggregate of 2,500,000 units (the ‘Units’) at a price of $5.00 per Unit for aggregate gross proceeds of $12,500,000. With the completion of this tranche, the Offering is now fully subscribed for total gross proceeds of $27,500,000.

    A fund managed by Jupiter Asset Management (the ‘Jupiter Fund’) subscribed for all of the Units under the second and final tranche of the Offering.

    As a result of closing the second and final tranche of the Offering, the Jupiter Fund now beneficially owns and controls 7,452,456 common shares and 3,807,200 common share purchase warrants of the Company, representing approximately 11.9% of the Company’s outstanding common shares on a non-diluted basis and approximately 16.9% on a partially diluted basis, assuming exercise of such warrants.

    ‘We welcome and appreciate the continued participation of Jupiter Fund, as a key shareholder of Apollo Silver,’ said Ross McElroy, President and CEO of Apollo Silver. ‘Jupiter Fund’s commitment is a strong statement of support as we continue to advance our large scale, high quality silver assets in stable jurisdictions.’  

    Each Unit issued pursuant to the Offering consists of one common share (a ‘Share’) in the capital of the Company and one common Share purchase warrant (a ‘Warrant’). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $7.00 for a period of 24 months from the closing date of the Offering.

    Closing of the Offering remains subject to final acceptance of the TSX Venture Exchange.

    In connection with subscriptions received in the second and final tranche of the Offering, the Company paid aggregate finder’s fees totaling $312,500 to BMO Capital Markets.

    The securities issued under the second and final tranche of the Offering are subject to a four-month hold period from the date of closing. The Company intends to use the net proceeds from the Offering to continue advancing the Calico Silver Project in San Bernardino, California; support community relations initiatives at the Cinco de Mayo Silver Project in Chihuahua, Mexico; cover ongoing property maintenance costs at both projects; and for general corporate purposes.

    The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    About Apollo Silver Corp.

    Apollo Silver is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite and zinc credits – recognized as critical minerals essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo Silver is well positioned to advance the assets and deliver value through exploration and development.

    Please visit www.apollosilver.com for further information.

    ON BEHALF OF THE BOARD OF DIRECTORS

    Ross McElroy
    President and CEO

    For further information, please contact:

    Email: info@apollosilver.com

    Telephone: +1 (604) 428-6128

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

    Cautionary Statement Regarding ‘Forward-Looking’ Information

    This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the final acceptance of the Offering by the TSXV, and the intended use of proceeds from the Offering. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

    Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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    Purchase of Bitcoin and Gold Bullion

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    Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF) a company combining traditional gold exploration in Africa with A Digital Asset Treasury Management strategy, is pleased to announces the acquisition of Bitcoin and gold bullion as part of its broader capital allocation and treasury management strategy. The Bitcoin was purchased via its FCA-regulated digital asset exchange broker and custodian, Archax. The gold was purchased via a Hamak Corporate Account held with the world’s largest online investment gold service, BullionVault UK (a member of the London Bullion Market Association).

    Highlights

    • Number of Bitcoin Purchased (on 3 January 2026) : 3 Bitcoin
    • Average purchase price: £66,567 per Bitcoin
    • Total amount purchased: £199,703
    • Total Bitcoin held: 23
    • 1.65kg Gold purchased (on 27 January 2026)
    • Total amount of gold purchased (including buying commissions): £195,360

    Executive Director Karl Smithson commented:

    ‘We believe the holding of both physical gold assets and Bitcoin, offers a distinctive differentiation in the junior resources sector, providing a blend of traditionally defensive and digitally disruptive exposure.

    ‘We aim to rapidly develop our hybrid treasury strategy, which the Board believes will deliver low correlation to conventional equity market cycles while offering clear potential upside from long-term structural trend.

    ‘This initiative forms part of a more comprehensive treasury framework designed to incorporate strategic reserves, liquidity tools, and non-dilutive value protection mechanisms for shareholders.’

    For the purposes of UK MAR, the person responsible for arranging release of this announcement on behalf of Hamak is Karl Smithson, Executive Director.

    For further information on Hamak you are invited to view the company’s website at https://hamakstrategy.com/ or please contact:

    Hamak Strategy Limited

    Karl Smithson

    k.smithson@hamakstrategy.com

    AlbR Capital Limited (Corporate Broker)

    Yellow Jersey PR

    Annabelle Wills

    +44 (0) 20 7469 0930

    +44 (0) 20 3004 9512

    About Hamak Strategy Limited

    Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF) is a UK listed company focussed on gold exploration in Africa and with a strategy of pursuing an appropriate and compliant BTC/ crypto treasury management policy.

    Important Notice

    The Company maintains some of its treasury reserves and surplus cash in Bitcoin, a form of cryptocurrency. The Company is not authorised or regulated by The Financial Conduct Authority (FCA) and Bitcoin investments are generally not subject to regulation by the FCA or otherwise in the United Kingdom. Neither the Company nor investors in the Company’s shares are protected by the UK’s Financial Ombudsman Service or the Financial Services Compensation Scheme.

    However the FCA considers Bitcoin investments to be high-risk. The value of Bitcoin can go up as well as down, leading to fluctuations in the value of the Company’s Bitcoin holdings, and the Company may not be able to realise its Bitcoin holdings for the same amount it paid to acquire them, or even for the value the Company currently attributes to its Bitcoin positions.

    The Company’s Board of Directors have identified the following risks in relation to the holding of Bitcoin, which are not exhaustive:

    • The value of Bitcoin can be highly volatile, with its value falling as quickly as it rises. Investors in Bitcoin must be prepared to lose all money invested.
    • The Bitcoin market is largely unregulated. There is a risk of losing money due to factors such as cyber-attacks, financial crime, and counterparty failure.
    • The Company may not be able to sell its Bitcoin at will. The ability to sell Bitcoin depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks, and comingling of funds could cause unwanted delays.
    • Cryptoassets carry a perception of fraud, money laundering, and financial crime.

    An investment in the Company is not an investment in Bitcoin itself, but prospective investors in the Company are encouraged to conduct their own research before investing and should be aware that they will have indirect exposure to the high-risk nature of cryptoassets, including their volatility, and could therefore sustain large or total losses of their investment.

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    Fundraise and update re Martello Gold Project

    No Comments

    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 Announces Crews and Drill Mobilized to Commence Winter ’26 Program on the Silver Queen Ag-Au Property, British Columbia; Arlington Property Drill Results Evaluated

    No Comments

    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.

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/5566/281868_ffd636bc54f76b9a_001.jpg

    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:
    https://images.newsfilecorp.com/files/5566/281868_ffd636bc54f76b9a_001full.jpg

    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.’

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/5566/281868_ffd636bc54f76b9a_002.jpg

    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:
    https://images.newsfilecorp.com/files/5566/281868_ffd636bc54f76b9a_002full.jpg

    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).

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/5566/281868_ffd636bc54f76b9a_003.jpg

    Figure 3: 2026 drill hole distribution on the Arlington property

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/5566/281868_ffd636bc54f76b9a_003full.jpg

    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

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/5566/281868_ffd636bc54f76b9a_004full.jpg

    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.

    Corporate Logo

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281868

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    Change of Company Name and ASX Code

    No Comments

    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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