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Here’s a quick recap of the crypto landscape for Friday (February 6) as of 9:00 p.m. UTC.

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

Bitcoin (BTC) was priced at US$70,178.66, up by 11.3 percent over 24 hours.

Bitcoin price performance, February 6, 2026.

Bitcoin price performance, February 6, 2026.

Chart via TradingView.

Bitcoin has stopped behaving as an alternative safe-haven asset and has re-aligned with the risk-asset cycle. Its high correlation with traditional financial markets, including a broad sell-off in technology stocks, precious metals, and equities, suggests a scenario of systemic stress and scarce liquidity.

Downward pressure intensified after breaking key technical levels, causing nearly US$770 million in leveraged long positions to be liquidated in 24 hours, suggesting the market’s ‘cleansing phase’ is ongoing. The decline was exacerbated by a strong dollar and rising bond yields, which reduced the appeal of non-yielding assets like cryptocurrencies, prompting a rotation into defensive assets.

In the short term, price action will be limited and vulnerable to renewed selling pressure as long as restrictive financial conditions and a defensive tone prevail in global markets. Stabilization requires an improvement in global financial conditions and Bitcoin’s ability to rebuild solid technical support.

Ether (ETH) was priced at US$2,052.03, up by 10 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.46, up by 25.2 over 24 hours.
  • Solana (SOL) was trading at US$87.37, up by 10.4 percent over 24 hours.

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

This post appeared first on investingnews.com

We also break down next week’s catalysts to watch to help you prepare for the week ahead.

In this article:

    This week’s tech sector performance

    Tech stocks extended their selloff into their second week, with the Nasdaq Composite (INDEXNASDAQ:.IXIC) posting its steepest two‑day decline since last April.

    Monday (February 2) saw an early rotation out of tech ahead of Palantir Technologies (NASDAQ:PLTR) earnings report. NVIDIA (NASDAQ:NVDA) slipped on news that its proposed OpenAI‑backed investment hit a snag, dragging AI‑chip names like Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO) and other semiconductor leaders.

    Palantir’s earnings, which beat expectations and included an aggressive revenue growth guide, lifted shares in an early surge on Tuesday (February 3); however, Nvidia’s OpenAI‑investment‑snag news, plus general AI‑disruption worries and positioning, weighed on the broader tech stack, sparking a tech‑growth selloff that impacted NVIDIA, Microsoft (NASDAQ:MSFT) and other software‑heavy names.

    The Nasdaq fell deeper on Wednesday (February 4) as influential tech names such as AMD and other chip and software stocks reversed post‑earnings gains. AMD saw a sharp intraday plunge following its after‑hours earnings print on Tuesday. Its losses dragged the broader index lower.

    Tech selloffs extended into Thursday (February 5), with the Nasdaq closing down 1.6 percent as major tech stocks saw profit‑taking and forward‑looking capex‑related concerns, later crystallized by Alphabet (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) aggressive 2026 spending plans.

    The Nasdaq made an impressive recovery on Friday (February 6) as a rally in chip stocks helped pare earlier week losses, despite ongoing volatility in the mega‑caps.

    3 tech stocks moving markets this week

    1.Teradyne (NASDAQ:TER)

    After reporting Q4 2025 earnings results and strong AI-driven guidance on Monday, the stock rose sharply. The semiconductor‑test and robotics‑automation company makes equipment used to test chips, including AI‑related compute and memory and industrial robots.

    2. Skyworks (NASDAQ:SWKS)

    The analog and RF‑semiconductor company, which designs and manufactures components used in smartphones, 5G infrastructure, automotive and IoT devices, reported Q1 fiscal 2026 results on Tuesday, beating expectations and guiding up, which helped it outperform the broader tech selloff.

    3. Apple (NASDAQ:AAPL)

    Apple’s strong performance this week was driven by a wave of analyst upgrades and bullish notes that reinforced the positive narrative from last week’s record‑breaking Q1 print, especially around iPhone demand and China‑market strength.

    Skyworks Solutions, Teradyne and Apple performance, February 2 to 6, 2025.

    Skyworks Solutions, Teradyne and Apple performance, February 2 to 6, 2025.

    Chart via Google Finance.

    Top tech news of the week

      • Canada led an AI delegation to the 2026 World Governments Summit (WGS) in Dubai this week, led by SCALE AI.
        • Alphabet Q4 numbers were driven by search revenue growth, which accelerated by nearly 17 percent, and Google Cloud revenue that jumped 48 percent YoY, helping ease fears that AI chatbots would eat into search. Despite the strong print, the stock dipped as the company said it plans to increase capital expenditures to between US$175 billion and US$185 billion, more than its 2025 cash generation.
        • Palantir’s earnings triggered a pop on Tuesday as it beat revenue expectations and laid out an aggressive 2026 growth guide. The company reported Q4 2025 revenue of US$1.41 billion, up 70 percentYoY, with US commercial revenue surging 137 percent and government revenue rising 66 percent, while guiding full‑year 2026 revenue to about US$7.2 billion
        • Amazon also posted a solid quarter, but said it will spend roughly US$200 billion this year on capital expenditures, a 56 percent jump from 2025, to fund AI‑related infrastructure, data centers and custom chips for AWS. Revenue rose approximately 14 percent to US$213.4 billion, driven by AWS reaccelerating to 24 percent growth and advertising increasing by 22 percent, despite free cash flow collapsing due to a capex surge.

          Tech ETF performance

          Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of the niches they cover.

          This week, the iShares Semiconductor ETF (NASDAQ:SOXX) advanced by 1.89 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) advanced by 1.66 percent.

          The VanEck Semiconductor ETF (NASDAQ:SMH) also increased by 0.75 percent.

          Tech news to watch next week

          Next week is another earnings‑heavy, tech‑adjacent stretch, with a mix of big‑name reports and key macro data that will like keep markets sensitive to AI capex and earnings.

          Coinbase (NASDAQ:COIN) and Robinhood Markets (NASDAQ:HOOD) will be among the most‑watched names tied to crypto and retail trading. Cisco (NASDAQ:CSCO) also reports midweek.

          In addition to US wholesale inventories, Employment Cost Index and CPI reports, the FOMC minutes will be released on February 11, so rate policy and inflation will stay front‑of‑mind.

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

          This post appeared first on investingnews.com

          Equity Metals Corporation (TSXV: EQTY,OTC:EQMEF) (FSE: EGSD) (OTCQB: EQMEF) (‘Equity’ or the ‘Company’) is pleased to advise that it will be exhibiting at the annual 2026 Prospectors & Development Association of Canada (PDAC) Convention, the world’s premier mineral exploration & mining event.

          To learn more about Equity Metals’ Silver Queen, silver-gold project in British, we invite you to visit the team at Booth # 2541 in the Investors Exchange, Level 800, at the Metro Toronto Convention Centre, South Building from Sunday March 1st through Wednesday March 4th.

          An updated version of our Corporate Presentation is now available on the Company’s website: www.equitymetalscorporation.com

          About PDAC

          PDAC 2025: The World’s Premier Mineral Exploration & Mining Convention is the leading event for people, companies and organizations connected to mineral exploration. This annual convention in Toronto, Canada is known for attracting up to 30,000 attendees from over 130+ countries for its educational programming, networking events, outstanding business opportunities.

          Since it began in 1932, the PDAC Convention has grown in size, stature and influence. Today, it is the event of choice for the world’s mineral industry hosting more than 1,100 exhibitors and 2,500 investors. Visit PDAC’s website for registration and ticketing information.

          Corporate Update

          Further, the Company reports that it has engaged Research Capital Corporation (‘RCC’) as a financial advisor to provide advice and assistance in connection with defining strategic and financial objectives over a one-month term. Equity will compensate RCC by payment of $24,000 and issuance of 150,000 share purchase warrants (‘Advisory Warrants’) valued at $30,000 (calculated using a share price of $0.40 with warrants valued at half that of shares). Each Advisory Warrant is exercisable for one common share of the Company for a period of 36 months at an exercise price equal to $0.40 per share. Such Advisory Warrants have been issued are subject to a hold period expiring June 7, 2026. RCC is arm’s length to the Company.

          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.

          On behalf of the Board of Directors,

          ‘Lawrence Page, K.C.’

          Lawrence Page, K.C.
          Chairman, 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 contains 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/282959

          News Provided by TMX Newsfile via QuoteMedia

          This post appeared first on investingnews.com

          AFDG, now Copper Intelligence, has successfully entered a binding contract for the transaction closing of the Butembo mining concession in Eastern DRC. In conjunction with the SPA, AFDG shares have been issued to the license holders, with ownership of the mining interest now held by the US domiciled entity, thus completing the Reverse Takeover transaction (RTO).

          The transaction was signed in parallel with a Strategic Minerals roundtable held in Washington DC in conjunction with the launch of Project Vault by US President Trump, and the attendance by His Excellency, President Felix Tshisekedi of DRC, Aldo Cesano, Director of Copper Intelligence, and the inaugural Critical Minerals Ministerial hosted by Secretary of State Marco Rubio at the Department of State in Washington, D.C.

          Copper Intelligence, Inc is now the first stand-alone DRC company to be publicly traded in the United States.

          Andrew Groves, Chairman of Copper Intelligence stated, ‘ We are delighted to hold this status as a dedicated US company operating in Africa, aggregating assets in the DRC’s highest grade copper deposits in the world. The geology, and DRC’s prospective superlative yields, affords us the opportunity to create a unique, and dedicated copper exploration company. The Technical Team will now drive shareholder value through a methodical exploration program, asset addition, and validation of results.’

          Aldo Cesano, Director added, ‘We believe Copper Intelligence will make a significant contribution to the people and communities of the DRC in which we work.’

          Alan Kessler, Director and Founder concluded, ‘We are confident Copper Intelligence holds the resources, timing and execution capability to embrace the global copper shortage, and create shareholder value as a pioneering African company.’

          About the Butembo Copper Project

          Butembo is a near surface, low strip, Tier one exploration opportunity, located near the Ruwenzori mountain location of Uganda’s biggest copper mine (Kilembe with 4 million tons of verified reserves), located only 50km from the Ugandan border with verified access to rail. The High-grade copper samples thus far have returned 18% Copper assays, which if maintained at production would rank amongst the highest globally.

          Industry and DRC positioning

          According to The Washington Post, projected demand scenarios suggest that annual copper deficits could reach or exceed 6 million tons by 2035. The U.N. Conference on Trade and Development (UNCTAD) estimates that closing this gap would require opening around 80 major new mines by 2030.

          Click here to continue reading.

          Media Contact:

          www.copperintelligence.com
          Maxine Gordon
          mg@africandiscoverygroup.com
          (917) 478-0406

          Cision View original content:https://www.prnewswire.com/news-releases/african-discovery-group-afdg-announces-signing-of-definitive-sales-and-purchase-agreement-spa-for-butembo-copper-asset-in-the-democratic-republic-of-congo-name-change-to-copper-intelligence-inc-302681359.html

          SOURCE African Discovery Group

          News Provided by PR Newswire via QuoteMedia

          This post appeared first on investingnews.com

          Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discoveries, acknowledges the recent announcement by The White House and Donald Trump of ‘Project Vault,’ a large-scale U.S. strategic stockpile initiative intended to strengthen domestic supply chains, advance national security priorities, and reduce reliance on foreign-controlled sources of critical minerals and raw materials.

          Project Vault—announced in the Oval Office with participation from Export-Import Bank of the United States (‘EXIM’) — establishes the U.S. Strategic Critical Minerals Reserve as an independently governed public-private partnership designed to store essential raw materials across U.S. facilities.

          EXIM has approved a Direct Loan of up to US$10 billion to support Project Vault, providing long-term financing for a partnership between original equipment manufacturers and private-sector capital providers—an effort EXIM has positioned as strengthening U.S. production and processing capacity, insulating manufacturers from supply shocks, and advancing U.S. national economic security objectives.

          The stockpile is the latest move by the Trump administration to build a Western supply chain to counter China’s dominance in critical minerals — especially when it comes to refining. Beijing sought to cut off exports of rare earths, a subset of critical minerals, last year during trade disputes with the U.S.

          A Media Snippet accompanying this announcement is available by clicking on this link.

          Preferential trade alignment and allied coordination on display at the Critical Minerals Ministerial in Washington, D.C.

          The U.S. efforts to diversify and stabilize critical minerals supply chains are expanding beyond domestic stockpiling toward allied coordination. On February 4, U.S. Vice President JD Vance outlined plans aimed at organizing partners into a preferential trade framework for critical minerals, including mechanisms intended to promote market stability and reduce vulnerability to price undercutting and supply disruption.

          Canada’s Foreign Affairs Minister Anita Anand was in Washington on Wednesday as the Trump administration made a case for international partners to join a preferential trade zone for critical minerals with forced price floors.

          Canada and the U.S. Department of Defense already have a co-investment deal to accelerate Canadian mining development and strengthen critical minerals supply chains.

          A Media Snippet accompanying this announcement is available by clicking on this link.

          Titanium: A national defense critical mineral facing supply chain constraints

          Titanium remains a cornerstone material for aerospace and defense platforms, infrastructure, and high-performance industrial uses, and continues to be a strategic concern for Western supply chains due to limited domestic sourcing and processing capacity. Titanium is deemed a critical metal by the U.S., EU and Canada and is essential for defense and aerospace applications due to its strength-to-weight ratio and corrosion resistance.

          Titanium is characterized as a critical mineral for defense and aerospace, with supply-chain risk concentrated in titanium metal pathways (including aerospace-grade sponge capacity and certification) rather than in pigment markets. The vast majority – over 90% globally of mined titanium is processed into the pigment – a looming supply chain gap UK-headquartered market intelligence company Project Blue outlines in a recent report.

          ‘Titanium is essentially a defence metal – it can be up to 20% or more of the markets for total titanium consumption that goes into defence. An F 15 can be up to 40% in weight of titanium. There’s some serious volume going in these jet planes,’ Project Blue Founder and Director, Dr. Nils Backeberg

          Saga Metals’ Project Focus: Critical Minerals and Titanium Exploration in Labrador

          Saga Metals believes the evolving policy environment reinforces the strategic relevance of North American Critical Minerals projects that can support secure, resilient supply chains for defense, aerospace, and advanced manufacturing. The Company’s flagship Radar Ti-V-Fe Project is located in Labrador near the port community of Cartwright and is supported by existing infrastructure, including road access and proximity to tidewater logistics. Saga recently announced a 100% drilling success rate in 2025 with exceptional grades of titanium, vanadium, and iron in all 15 drill holes completed at the Radar Critical Minerals Project. The company is advancing towards a Mineral Resource Estimate and has completed four diamond drill holes in 2026 to start the year.

          Mike Stier, CEO & Director of Saga Metals commented: ‘The U.S. government’s focus on critical mineral stockpiling reinforces the strategic importance of secure, allied sources of materials such as titanium—particularly for North American national security and defense-related supply chains. Saga Metals continues to advance its portfolio with a focus on critical minerals that support supply-chain security, advanced manufacturing, and future-facing technologies. We believe this policy momentum highlights the importance of investing in strategic mining projects that can help build resilience—diversifying supply, strengthening domestic and allied production capacity, and supporting stable investment conditions for the critical materials that power our economies and protect our industries.’

          Key implications Saga Metals sees from Project Vault and allied initiatives

          Saga Metals recognizes several key implications from Project Vault and the broader allied push toward critical-minerals security:

          • Rising strategic value of titanium and other critical metals in defense readiness, aerospace manufacturing, and industrial policy.
          • Potential acceleration of investment in North American exploration, development, and processing capacity as governments prioritize secure supply.
          • Expanded public-private cooperation to create resilient, domestically aligned supply chains and mitigate market disruption risk.
          • Increased allied coordination on pricing stability, trade frameworks, and supply diversification to reduce dependency on concentrated refining and processing pathways.

          About Critical Minerals

          Critical minerals are the foundation upon which modern technology is built. They are used in a wide range of essential products ranging from mobile phones and solar panels to electric vehicle batteries, medical devices and defense applications. Canada’s critical minerals list identifies 34 minerals and metals while the U.S.A identifies 60 minerals and metals as critical.

          Investor Relations Agreement

          Additionally, the Company and GRA Enterprises LLC DBA National Inflation Association (‘NIA’) entered into a consulting agreement (the ‘NIA Agreement’) for investor relations and communication services. The NIA Agreement has an initial term of twelve (12) months, at an aggregate cost of USD$100,000 for the term. Following the initial term, the NIA Agreement can be extended by three (3) months for an additional USD$30,000, six (6) months for an additional USD$50,000 or one year for an additional USD$100,000. NIA will leverage its expansive distribution channels – including targeted email lists, website features, and blog content – to highlight the Company’s growth story and project developments.

          NIA, based in Mooresville, North Carolina, has a strong track record of investor communications for publicly traded companies. The Company will not issue any securities to NIA as compensation. NIA and its principals are at arm’s length to the Company. NIA currently has no direct or indirect interest in the securities of the Company, or any right or intent to acquire such an interest.

          For more information about NIA: Contact ga@gerardadams.com or visit them at 112 Camp Lane, Mooresville, North Carolina, 28117.

          Qualified Person

          Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.

          About Saga Metals Corp.

          Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the North American transition to supply security. The Radar Ti-V-Fe Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including 4,250 m of drilling, has confirmed a large, mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite mineralization with strong grades of titanium and vanadium.

          The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares and features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U3O8. Uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

          Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

          With a portfolio spanning key commodities critical to the clean energy future, SAGA is strategically positioned to play an essential role in critical mineral security.

          On Behalf of the Board of Directors

          Mike Stier, Chief Executive Officer

          For more information, contact:

          Rob Guzman, Investor Relations
          Saga Metals Corp.
          Tel: +1 (844) 724-2638
          Email: rob@sagametals.com
          www.sagametals.com

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

          Cautionary Disclaimer
          This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s Radar Project and IR agreements listed herein. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

          Primary Logo

          News Provided by GlobeNewswire via QuoteMedia

          This post appeared first on investingnews.com

          A Chinese billionaire trader known for profiting from gold’s multi-year rally has turned sharply bearish on silver, building a short position now worth nearly US$300 million as prices slide.

          Bian Ximing, who earned billions riding gold’s multi-year rally and later turned aggressively bullish on copper, is now positioned for a sharp reversal in silver—a bet that is already paying off as prices retreat from record highs.

          According to exchange data analyzed by Bloomberg and people familiar with his positions, Bian has assembled the Shanghai Futures Exchange’s largest known net short position in silver, held through Zhongcai Futures Co.

          The position, composed of roughly 30,000 contracts, or about 450 metric tons, has swung sharply into profit following silver’s more than 16 percent drop since late January.

          The contrast with Bian’s copper strategy just a year ago could hardly be sharper.

          In 2024, Bian emerged as China’s most prominent copper bull, building the largest net long position on the Shanghai Futures Exchange at a time when many traders were retreating amid trade tensions and growth concerns.

          His thesis then centered on copper’s central role in electrification, grid expansion and industrial upgrading. That trade was built patiently and scaled over months, with Bian accumulating long positions across multiple contracts.

          By the time copper prices surged, the position had generated hundreds of millions of dollars in gains.

          Silver, by contrast, appears to have triggered Bian’s skepticism. While silver often trades alongside gold, its recent surge was increasingly viewed by market participants as driven by speculative positioning rather than fundamental shifts in industrial demand.

          Unlike copper, where supply bottlenecks and electrification narratives were front and center, silver’s rally accelerated rapidly by drawing in leveraged traders and momentum funds.

          Exchange data show that Bian began building silver shorts in the final week of January, as prices pushed into record territory in Shanghai. His exposure expanded quickly from about 18,000 contracts on January 28 to roughly 28,000 two days later, even as prices continued climbing.

          The timing was costly at first, as volatility forced partial liquidations and earlier losses trimmed gains from prior silver longs.

          However, Bian’s patience was rewarded when silver broke sharply lower.The short is now estimated to be worth roughly 2 billion yuan (US$288 million) in paper gains. After accounting for earlier losses, Bian’s net profit is estimated at around 1 billion yuan based on recent prices.

          Whether the current selloff proves lasting remains an open question. Bian, who resides largely in Gibraltar and rarely speaks publicly, did not respond to requests for comment. Zhongcai Futures also declined to comment.

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

          This post appeared first on investingnews.com

          Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the ‘Company’ or ‘Brixton’) is pleased to announce the results from its regional prospecting soil and rock sampling program and the remaining drill results from its 2025 field season at the wholly owned Thorn Project, located in northwest British Columbia, Canada. The company provides a corporate and project update.

          Highlights

          • Soil and rock geochemical sampling conducted within the Camp Creek Corridor has resulted in the identification of multiple new exploration targets. Notably, at the Cirque East Target, porphyry-style mineralization was identified hosted in a monzonite intrusive unit, with assays returning up to 2.16% copper and 39 g/t silver.
          • At the 95th South Target, high-grade silver mineralization was found in veins, yielding up to 642 g/t silver, 1.47% copper, 3.56% lead, and 1.97% zinc.
          • At Brixton’s Annual General and Special Meeting held on February 4th, 2026, shareholders have approved, among other items, a ten for one share consolidation, subject to the approval of the TSX Venture Exchange, which will result in a new post consolidation share count of 71.3 million shares outstanding. The Company believes the current strong metals market, a tight float, and with all four of its gold, silver and copper projects being drilled this year will provide a greater opportunity for share price appreciation.

          Chairman, CEO, Gary R. Thompson stated, ‘The definition of new exploration targets through geochemical sampling with boots on the ground has been an effective approach at the Thorn Project as we continue to identify new areas of mineralization. 2026 is shaping up to be an exciting year for Brixton as we unlock potential at Thorn by drilling this year. Meanwhile current drilling at the Langis Silver Project is progressing well. Ivanhoe Electric is drilling at Brixton’s Hog Heaven copper-gold porphyry Project under the Earn-in Agreement and Eldorado Gold plans to drill Brixton’s Atlin Goldfields Project under the Option Agreement. This year will be the first time ever that all four of our projects will be drilled in the same year, so it’s super exciting. Assays from Langis are anticipated in the coming weeks and months.’

          Figure 1. Brixton Metals Project Locations.

          Fig 1 _NR_05Feb2026 projects

          Figure 2. Location of Targets at the Thorn Project.

          Fig 2 _NR_05Feb2026 targets

          Discussion

          During the 2025 exploration season at the Thorn Project, Brixton Metals conducted an extensive regional prospecting program, collecting 770 soil samples and 195 rock samples across multiple target zones. Geochemical analysis of these samples identified several new porphyry exploration targets within the Camp Creek Corridor, including the Cirque East target. In addition, high-grade silver veins at the 95th South Target were mapped and sampled. Drilling activities for the season comprised 3,223 meters at Camp Creek, 6,272 meters at Trapper, 2,670 meters at Catalyst, and 601 meters at Tempest. This news release presents the remaining drillhole results for the Thorn Project at the Camp Creek and Trapper Targets.

          Camp Creek Corridor Overview

          The Camp Creek Corridor is a northwest-trending zone hosting multiple centers of porphyry-style mineralization. This corridor is interpreted to be perpendicular to the Camp Creek Fault, which may have served as a conduit for porphyry intrusions into both the Stuhini volcanic rocks and the granitic units of the Thorn Stock. Key mineralized systems within the corridor include the Camp Creek Cu-Mo-Au porphyry, along with the recently identified Catalyst Cu-Au (see News Release, dated October 30, 2025) and Tempest Cu-Au (see News Release, dated December 1, 2025) porphyries (Figure 3).

          In 2025, soil and rock sampling expanded the surface footprint of the Catalyst and Tempest Targets and delineated additional porphyry-style prospects. Of particular note is the Cirque Target, drilled in 2024, which revealed copper mineralization associated with intrusive breccias (see News Release, dated September 17, 2024). Recent mapping and sampling east of the drilled area have confirmed porphyry-style alteration and outlined a footprint coincident with a one-kilometre-long leach cap. Rock-chip samples from this area returned up to 2.16% copper and 39 g/t silver (sample B137847; see Table 1). Intrusive rocks at Cirque-East are characterized by fine-grained monzonites hosting chalcopyrite and molybdenite within quartz veins. The observed Cu-Ag-Mo mineralization, together with granitic intrusive phases and the development of a leach cap, is typical of porphyry deposits. Ongoing work will focus on refining these field results and evaluating the area for potential drilling in the 2026 campaign.

          Figure 3. Map illustrating exploration targets within the Camp Creek Corridor, including locations of historical and 2025 drill holes, copper distribution in soils from both recent and past geochemical surveys, and IP-chargeability polygons delineated during the 2025 field season.

          Fig 3 _NR_05Feb2026 Camp Crk

          About the 95th South Target

          The 95th South Target (see Figure 2 for general location of this target) consists of a series of nearly parallel veins ranging from 30 cm to 2 meters in width, striking ENE-WSE (see Figure 4). These veins are composed of quartz-feldspar with variable amounts of galena, sphalerite, chalcopyrite, bornite and pyrite. Sampling has returned notable values, including up to 642 g/t silver, 1.47% copper, 3.56% lead, and 1.97% zinc (sample B137851), as well as 414 g/t silver (sample B137859). These polymetallic veins intrude a Triassic quartz-diorite, and in some instances, are accompanied by meter-wide alteration halos characterized by quartz-carbonate and localized sulphide mineralization. Further fieldwork in this area will focus on continuous sampling of these mineralized veins and on testing similar structures.

          Figure 4. Map illustrating the principal mapped polymetallic veins and locations of rock samples collected from the 95th South Target.

          Fig 4_NR_05Feb2026 95th South_V2

          Table 1. Selected rock samples from the 2025 field campaign at the Cirque East and 95th South Targets.

          Sample Target Sample Type Ag
          (g/t)
          Cu (ppm) Mo (ppm) Pb (ppm) Zn (ppm)
          B137827 Cirque East Chip 1.67 1020 48 17 69
          B137837 Cirque East Chip 2.96 1530 21 20 73
          B137838 Cirque East Grab 2.43 622 564 27 59
          B137843 Cirque East Chip 2.42 1640 7 26 86
          B137847 Cirque East Chip 39.30 21600 1 24 136
          B137851 95th South Grab 642.00 14700 10 35600 19700
          B137856 95th South Grab 172.00 14800 16 2180 16350
          B137857 95th South Chip 21.60 2090 42 431 188
          B137858 95th South Chip 31.80 5050 56 217 409
          B137859 95th South Chip 414.00 741 91 1540 76

          The collected rocks are selected chip or grab samples of mineralized outcrops within each target area and do not represent the entire target.

          Trapper Gold Target

          Gold mineralization at Trapper is structurally controlled, trending northwest-southeast and dipping moderately to the north within the main drilling area. Mineralization is preferentially developed along the contact between Cretaceous (85.2 ± 1.2 Ma) quartz diorite and Triassic lapilli tuffs, with broad gold intervals largely hosted along these faulted contacts. Gold is associated with silver and base metal veins containing pyrite, galena, sphalerite, and locally chalcopyrite and bornite. During the 2025 field season, drilling at Trapper comprised 6,272 meters across 30 holes. Notably, drillhole THN25-348 was collared from the same pad as previously reported holes THN25-358 and THN25-359 (see News Release, dated December 16, 2025), with mineralized intervals detailed in Table 2.

          Drilling at the Camp Creek High Sulfidation Target

          The final drillholes completed in 2025 at the Camp Creek high-sulfidation target include THN25-367, THN25-368, THN25-369, and THN25-370 (see Table 2). These holes intersected mineralized sections ranging from meters to tens of meters, associated with polymetallic veins interpreted as the shallow, high-sulfidation expression of the deeper Camp Creek porphyry system. Drilling at Camp Creek covered 3,223 meters across 19 holes and successfully identified high-sulfidation polymetallic veins. Future drilling in this area will focus on further testing the extent and grade of these high-sulfidation veins and on evaluating similar interpreted structures.

          Table 2. Select Assay Intervals in Holes THN25-348 at Trapper and holes THN25-367, THN25-368, THN25-369 and THN25-370 at Camp Creek.

          Hole ID From To Interval Gold Silver Copper
          meter meter meter g/t g/t %
          THN25-348 111.00 115.30 4.30 1.39 2.01
            288.00 292.00 4.00 2.58 8.07
            313.50 314.00 0.50 5.30 27.60
                       
          THN25-367 98.00 108.00 10.00 0.90 102.21 0.86
          including 100.35 105.80 5.45 1.42 159.50 1.38
          THN25-368 128.00 137.70 9.70 0.33 12.52 0.15
          including 134.50 135.60 1.10 0.82 64.90 0.90
          THN25-369 174.60 175.20 0.60 0.54 57.40 0.88
            209.00 213.92 4.92 0.59 14.11 0.03
          THN25-370 263.60 264.64 1.04 0.20 19.95

          Assay values are weighted averages. Reported intervals are drilling length, and the true width of the mineralized intervals has not yet been determined

          Table 3. Collar location for reported drillholes

          Hole ID Location Easting
          (m)
          Northing
          (m)
          Elevation
          (m)
          Azimuth Dip Depth
          (m)
           
           
          THN25-348 Trapper 630519 6485400 1226 2 -45 324  
          THN25-367 Camp Creek 628166 6491808 773 140 -70 143  
          THN25-368 Camp Creek 628257 6492382 859 340 -60 194  
          THN25-369 Camp Creek 628257 6492382 859 60 -60 251  
          THN25-370 Camp Creek 628257 6492382 859 90 -60 299  

          Quality Assurance & Quality Control

          Brixton Metals has established rigorous quality assurance and quality control procedures for both drill core and surface sampling. Core samples were typically collected at 1.5-meter intervals, with high-grade intervals sampled at 0.5 meters. Blank, duplicate (lab pulp), and certified reference materials were inserted at a combined rate of up to 15 percent. Core samples were split, bagged, secured, and sent directly to ALS Minerals preparation facilities in Whitehorse, Yukon or Langley, British Columbia, depending on laboratory availability. Rock samples, collected as grab or chip samples, followed similar protocols prior to laboratory analysis. ALS Minerals Laboratories is accredited to ISO 9001:2008 and ISO 17025 standards for laboratory procedures. Gold analyses were performed at ALS Laboratory Facilities in North Vancouver, British Columbia, using fire assay with atomic absorption finish, while silver, lead, copper, zinc, and 48 additional elements were analyzed by four acid digestion with ICP-MS finish. Overlimit gold values were determined by fire assay and gravimetric finish. Certified reference materials were sourced from CDN Resource Laboratories Ltd. in Langley, British Columbia, with standards inserted based on the type and abundance of mineralization observed. Non-mineralized siliceous landscaping rock was used as blank material. The Company’s QAQC protocols are available on its website.

          Update on Thorn Project

          Drilling at Brixton’s Thorn Project is expected to commence in May 2026. Drill results will be released as they become available.

          Update on Drilling at Langis Silver Project

          Brixton Metals is actively drilling its wholly owned high-grade Langis Silver Project, situated in the renowned, silver-rich Cobalt Camp of Ontario, roughly 500 kilometers north of Toronto. Thus far, in 2026, the Company has completed 3,000 meters of drilling across eight holes, with assay results pending. Results will be released as they are made available.

          Update on Hog Heaven and Atlin Projects 

          Brixton’s Hog Heaven Project, in Montana, is under an Earn-in Option to Ivanhoe Electric and as the operator, Ivanhoe Electric has commenced drilling, in search of the causative copper-gold porphyry system. Brixton’s Atlin Goldfields Project in British Columbia is under Option to Eldorado Gold where they plan to start drilling orogenic gold targets in May 2026. Drill results will be released as they become available. 

          Qualified Person (QP)

          Ms. Madeline Berry, P.Geo., is a Project Geologist for the Company who is a Qualified Person as defined by National Instrument 43-101. Ms. Berry has verified the referenced data and analytical results disclosed in this press release and has approved the technical information presented herein.

          Corporate Update

          The Company held its Annual General and Special Meeting February 4, 2026. All matters were approved at the Meeting by shareholders. New directors, Ryan Goodman and Kevin Chen, were elected to the Board of Directors and incumbent directors, Ian Ball, Cale Moodie and Gary Thompson, were re-elected to the Board of Directors. A share consolidation was approved by shareholders resulting in a ten for one share consolidation, subject to the approval of the TSX Venture Exchange, which will result in a new share count of 71,323,542 post consolidation. An amendment of the Company’s articles was approved to provide directors with more flexibility regarding amending the Company’s authorized share capital. Shareholders also re-approved the Company’s Stock Option Plan for the ensuing year.

          The exercise price and the number of shares issuable under the Company’s outstanding warrants and stock options will be proportionately adjusted to reflect the consolidation in accordance with the respective terms thereof. Fractional common shares will not be issued, and no cash will be paid in lieu of fractional post-consolidation common shares. The number of post-consolidation common shares to be received by a shareholder will be rounded down to the nearest whole common share. This proposed consolidation does not change a shareholder’s proportionate ownership interest in the Company.

          The proposed consolidation has been approved and authorized by the Company’s board of directors. The consolidation is subject to approval by the TSX Venture Exchange. In particular, the Company will be required to meet the Exchange’s continued listing requirements upon completion of a consolidation. There is no guarantee that Exchange acceptance of a consolidation will be given or that the Company will meet the Exchange’s continued listing requirements upon completion.

          A further news release will be issued announcing the effective date for the consolidation and a letter of transmittal will be mailed to the Company’s registered shareholders, which shareholders can use to exchange their current share certificates for certificates representing the consolidated number of shares. No action will be required to effect consolidation of beneficially held securities by non-registered shareholders, who hold securities of the Company through an intermediary.

          The Company does not intend to change its name or current trading symbol in connection with the proposed consolidation.

          About Brixton Metals Corporation

          Brixton Metals is a Canadian exploration company focused on the advancement of its mining projects. Brixton wholly owns four exploration projects: Brixton’s flagship Thorn copper-gold-silver-molybdenum Project, the Hog Heaven copper-silver-gold Project in NW Montana, USA, which is optioned to Ivanhoe Electric Inc., the Langis and HudBay silver Projects in Ontario and the Atlin Goldfields Project located in northwest BC, which is optioned to Eldorado Gold Corporation. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB, and on the OTCQB under the ticker symbol BBBXF. For more information about Brixton, please visit our website at www.brixtonmetals.com.

          On Behalf of the Board of Directors

          Mr. Gary R. Thompson, Chairman and CEO
          info@brixtonmetals.com

          For Investor Relations inquiries please contact: Mr. Michael Rapsch, Vice President Investor Relations. email: michael.rapsch@brixtonmetals.com or call Tel: 604-630-9707

          Follow us on:
          LinkedIn | Twitter/X | Facebook | Instagram

          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.

          Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, and ‘intend’, statements that an action or event ‘may’, ‘might’, ‘could’, ‘should’, or ‘will’ be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements, other than statements of historical fact included herein including, without limitation, statements regarding the use of proceeds. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements. 

          Links:

          https://brixtonmetals.com/wp-content/uploads/2026/02/Fig-1-_NR_05Feb2026-projects-scaled.png

          https://brixtonmetals.com/wp-content/uploads/2026/02/Fig-2-_NR_05Feb2026-targets.png

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          Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (‘Blackrock’ or the ‘Company’) is pleased to announce that Andrew Pollard, President & Chief Executive Officer of the Company, will present live at the Precious Metals & Critical Minerals Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 10th, 2026 at 2PM ET

          Blackrock invites individual and institutional investors, as well as advisors and analysts, to attend online at VirtualInvestorConferences.com.

          DATE: February 10th
          TIME: 2:00PM ET
          LINK:https://www.virtualinvestorconferences.com/wcc/eh/4814904/lp/5226511/blackrock-silver-corp-otcqx-bkrrf-tsxv-brc

          This will be a live, interactive online event where investors are invited to ask the Company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

          It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

          Learn more about the event at www.virtualinvestorconferences.com.

          Marketing Agreement

          The Company also announces that that it has entered into a marketing agreement (the ‘Agreement‘) with Epstein Research (‘ER‘), led by Peter Epstein, pursuant to which Mr. Epstein will provide investor relations services to the Company for a six (6) month term beginning on February 6, 2026 and ending on August 6, 2026 in consideration for a cash fee of US$2,500 per month, payable by way of a one time aggregate payment of US$15,000, paid in advance, subject to approval by the TSX Venture Exchange.

          In accordance with the terms of the Agreement, ER will work with the Company on posting on social media and producing articles, interviews and commentary designed to increase awareness of the Company.

          There are no performance factors contained in the Agreement and ER will not receive any securities of the Company as compensation.

          Mr. Epstein does not beneficially own, directly or indirectly, any securities of the Company or any right to acquire securities of the Company. Mr. Epstein operates www.epsteinresearch.com, is an arm’s-length party to the Company, and has over 20 years experience in buy-side analyst roles.

          Epstein Research is a research and analysis firm operated by Peter Epstein, located in the state of New Jersey, USA, specializing in investor relations and market awareness for public companies.

          About Blackrock Silver Corp.

          Blackrock Silver Corp. is an American-focused emerging primary silver developer systematically advancing the high-grade Tonopah West Project, situated in the historic ‘Queen of the Silver Camps’ in a jurisdiction consistently ranked as one of the top mining regions globally. The Company is backstopped by a veteran board and technical team with a proven track record of discovering, financing, and building major precious metal mines in Nevada and globally. Blackrock is committed to establishing a secure, high-margin, domestic supply of silver and gold.

          Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

          For further information, please contact:

          Andrew Pollard, President & Chief Executive Officer
          Blackrock Silver Corp.
          Phone: 604 817-6044
          Email: andrew@blackrocksilver.com

          Sean Thompson, Head of Investor Relations
          Blackrock Silver Corp.
          Email: sean@blackrocksilver.com

          Neither 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.

          To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282934

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          Oreterra Metals Corp. (TSXV: OTMC,OTC:RMIOD) (OTCID: OTMCF) (FSE: D4R0) (‘Oreterra’ or the ‘Company’ formerly ‘Romios Gold Resources Inc.’) is pleased to announce that it has retained Generation IACP Inc. (‘GIACP’) to trade the common shares of the Company with the objective of contributing to market liquidity. The agreement remains subject to approval by the TSX Venture Exchange (‘TSXV’) and the services will be provided in compliance with the policies and guidelines of the TSXV, and applicable legislation.

          Under the agreement, GIACP will receive a fee of C$8,500 plus applicable taxes per month. The initial term of the agreement is six months and the agreement will automatically renew for additional six-month periods unless Oreterra provides GIACP with written notice of termination at least 30 days prior to the end of the term or a renewal term. Commencing on the first anniversary of the agreement, the fee payable to GIACP will automatically increase annually by 3.0%. No stock options are being granted and no compensation other than as stated above is payable in connection with the engagement. GIACP will be responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be providing funds or securities for the market making activities. GIACP and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither GIACP nor its principals have an interest, directly or indirectly, in the securities of the Company. GIACP and its clients may acquire and hold a direct or indirect interest in the securities of Oreterra from time to time.

          GIACP, established in 1998, is a Toronto-based, independently owned investment dealer providing innovative solutions for institutional, corporate and individual clients in Canada and abroad. GIACP is a registered broker and a member of the Canadian Investment Regulatory Organization, the TSX Venture Exchange, the Canadian Securities Exchange, and Cboe Canada, and is a Participating Organization as such term is defined in the rules and policies of the Toronto Stock Exchange.

          About Oreterra Metals Corp.

          Oreterra Metals Corp. (formerly ‘Romios Gold Resources Inc.’) is a TSXV-listed mineral exploration company focused primarily on gold, copper and silver. The Company has crafted an ambitious business plan to advance Oreterra, primarily by refocusing its efforts on achieving discoveries through the drill bit. The Company holds several wholly-owned porphyry copper-gold prospects in British Columbia’s Golden Triangle, the most significant of which is the Trek South prospect, upon which a range of geosciences applied to it in the period since 2022 including mapping, sampling, magnetic, IP and MT geophysical surveys, have delivered high-order, complementary results that all vector to the same conclusion: that the target area offers high discovery potential. A drill permit is in place and an updated NI 43-101 with plan and budget was released on January 22, 2026. Trek South is located adjacent to Teck-Newmont’s Galore Creek deposits, presently undergoing pre-feasibility studies, and is bisected by the road right-of-way thereto. First-ever drilling of Trek South is planned for the 2026 field season.

          Additional wholly-owned interests include two former producers in Nevada: the Kinkaid claims in the Walker Lane trend covering numerous shallow Au-Ag-Cu workings over what is believed to be one or more porphyry centres (source: J. Biczok, P.Geo, June 2025, Kinkaid Gold-Copper-Silver Project, www.oreterra.com), and the Scossa mine property in the Sleeper trend which is a former high-grade gold producer (source: J. Biczok, P.Geo, July 2025, Scossa Historic Gold Mine Property, www.oreterra.com). The Company also holds a 100% interest in the large-scale Lundmark-Akow Lake Au-Cu property adjacent to the northwest of the Musselwhite Mine, where drilling by the Company has produced highly encouraging, broad VMS-style Au-Cu intersections. Oreterra also retains an ongoing interest in several properties including a 2% NSR on McEwen Mining’s Hislop gold property in Ontario and a 2% NSR on Enduro Metals’ Newmont Lake Au-Cu-Ag property in BC.

          For further information visit www.oreterra.com or contact:

          Kevin M. Keough  Stephen Burega
          Chief Executive Officer  President
          Tel: 613 622-1916  Tel: 647 515-3734
          Email: kkeough@oreterra.com  Email: sburega@oreterra.com

           

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

          Cautionary Statement Regarding Forward-Looking Information

          This news release includes certain ‘forward-looking statements’ which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as ‘believes’, ‘anticipates’, ‘expects’, ‘estimates’, ‘may’, ‘could’, ‘would’, ‘will’, or ‘plan’. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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          Proceeds to be used to Accelerate Procurement and Component Assembly for Demonstration Facility Deployment in Iceland

          Syntholene Energy CORP. (TSXV: ESAF,OTC:SYNTF) (FSE: 3DD0) (OTCQB: SYNTF) (the ‘Company’ or ‘Syntholene’) announces that it intends to complete a non-brokered private placement of up to $2.0 million (the ‘Financing’).

          The Financing is expected to consist of the issuance of units of the Company (the ‘Units’) at a price of $0.45 per Unit, with each Unit comprising one common share of the Company (a ‘Common Share’) and one non-transferable common share purchase warrant (each whole warrant, a ‘Warrant’). Each whole Warrant will entitle the holder to purchase one additional Common Share at an exercise price of $0.63 for a period of two years from the date of issuance, subject to an acceleration provision in accordance with the terms of the Financing.

          Gross proceeds from the Financing are expected to be used as follows: up to approximately $1.5 million toward the procurement and assembly of components for the Company’s planned demonstration facility in Iceland, and up to approximately $0.5 million toward corporate marketing initiatives, investor relations and working capital.

          The Company expects that insiders of the Company may participate in the Financing. The extent of insider participation, if any, has not been determined at this time. Any insider participation will be disclosed in accordance with the policies of the TSX Venture Exchange and applicable securities laws.

          Finder’s fees may be payable in connection with the Financing, subject to compliance with applicable securities laws and the policies of the TSX Venture Exchange.

          All securities issued pursuant to the Financing will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws. Completion of the Financing remains subject to the receipt of all required regulatory approvals, including approval of the TSX Venture Exchange.

          The securities offered pursuant to the Financing have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

          About Syntholene

          Syntholene is actively commercializing its novel Hybrid Thermal Production System for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70% lower cost than the nearest competing technology today. The company’s mission is to deliver the world’s first truly high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels, for the first time.

          Syntholene’s power-to-liquid strategy harnesses thermal energy to power proprietary integrations of hydrogen production and fuel synthesis. Syntholene has secured 20MW of dedicated energy to support the Company’s upcoming demonstration facility and commercial scale-up.

          Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering, and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral eFuels across global markets.

          For further information, please contact:
          Dan Sutton, CEO
          comms@syntholene.com
          www.syntholene.com
          +1 608-305-4835

          Investor Relations
          KIN Communications Inc.
          604-684-6730
          ESAF@kincommunications.com

          Neither 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.

          Forward-Looking Statements
          This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘expect’, ‘anticipate’, ‘aims’, ‘continue’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘believe’, ‘plans’, ‘intends’ and similar expressions are intended to identify forward-looking information or statements. All statements, other than statements of historical fact, including but not limited to statements regarding the completion of the Financing, the proposed use of proceeds of the Financing, TSXV approval, development of the test facility, commercial scalability, technical and economic viability, anticipated geothermal power availability, anticipated benefit of eFuel, and future commercial opportunities, are forward-looking statements.

          The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including without limitation the assumption that the Company will be able to complete the Financing on the proposed terms or at all, that the TSXV will approve the Financing, the Company will be able to execute its business plan, including that it will use the Proceeds of the Financing, if any, as described herein, that the Company will be able to advance its planned test facility, that the eFuel will have its expected benefits, that there will be market adoption, and that the Company will be able to access financing as needed to fund its business plan. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

          The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including without limitation the assumption that the Company will be able to execute its business plan, that the eFuel will have its expected benefits, that there will be market adoption, and that the Company will be able to access financing as needed to fund its business plan. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

          Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation, Syntholene’s ability to meet production targets, realize projected economic benefits, overcome technical challenges, secure financing, maintain regulatory compliance, manage geopolitical risks, and successfully negotiate definitive terms. Syntholene does not undertake any obligation to update or revise these forward-looking statements, except as required by applicable securities laws.

          Readers are advised to exercise caution and not to place undue reliance on these forward-looking statements.

          NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

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